more on honeywell and the industrial sector overall, we turn to karen ubelhart.ll with us is chrysippus and -- is christopher zook. let's get back to honeywell. honeywell has been better, really met on the news -- on the nose the revenue. people were anticipating bad news and there wasn't any bad news in the release. they were big on the margin side. .rganic growth 12% in their automation business. across the board good news and they raised a little bit with a quarter left. the best is behind us. david: --hina -- no mention of material cost. terror impacts. -- tariff impacts. alix: honeywell did well and the stock is up. we have the full screen that shows a beat or miss for some of these names and how dramatic the stock moves have been on the day they reported. united rentals, 15%. even though united rentals beat in theory, the stock still hammered. what is this telling us? karen: people have been worried for a while, are we at the end , prices are? people going to go down and they are very capital intensive. the tariff impact being bigger than expected. people w

tom: with us now is karen ubelhart of bloomberg intelligence.eneral electric. what is number one from lawrence called? karen: he will try to take care and he did that in the announcement of the dividend. he will work on deleveraging. he has to move quickly on power. strategy of power and business plan of failed decisions. karen: he will split it into two businesses. gas is a big problem. he has to shrink it and shrink it fast. tom: i want to go to the powerpoint. what you need to know is forget about the headlines of a dividends. this is what adult look at on global wall street, the idea of cash flows and the cash balance that ge has to do. ibm, hen anything, like has to maintain and a credit rating. if -- is that at risk if he doesn't get it? karen: it is at risk. they have signals they are concerned. dividend is a big statement. he will save almost $4 billion. tom: what is the revenue persistency that will lead to stability in cash flows that keeps and a rating? karen: they are doing better than expected in euro space. tom: big numbers. karen: