so you have fellow short sellers disagreeing with marco polis' information, as well >> basically he'saying all these people missed it and here are some specific things that he's alleging ge did wrong hopefully ge will come out with kind of a point by point breakdown of their argument that there are factual inaccuracies in his report. for those of us who aren't insurance specialists or accountants, i feel like -- and that's mott investors -- they would benefit from that. >>> a developing story, we will continue to see how it evolves from here and it's worth noting that the s.e.c. and the doj have been and continue to investigate this company over some of its accounting methods in the past, including around that long term care insurance business. so yoveng this is the last -- and the company is going through its annual reserve reviews so i don't think this is the last we're going to hear about this by any means. shares are up 8.5% right now >>> after the break, inside virgin galactic's space port, next >>> welcome back to "squawk alley. after years of delays virgin galactic has finally

marco polis and whatever this unnamed hedge fund is probably benefiting significantly financially today and yet the the holders of ge stock have suffered a loss and just think it is wrong and we need to look into this sort of unsubstantiated reporting without him ever contacting the company for comment or for an opportunity to respond to any of the allegations. it is just wrong and i think we need to look into it. >> leslie seidman, thanks for joining us today. >> thanks for having me. >>> back over to you. >> morgan, thank you very much for that and thank you to leslie seidman and what stands out is an unequivocal denial from the chair of the accounting -- the audit committee from ge that the accusations made this morning by harry mark on lus were wrong and unsubstantiated and he has great credibility in the area having been the former chairman of the accounting standards board but i would say that defense was based on when she joined the board in 2018 and about current management wouldn't go as far to say the same level of defense for her predecessors the share price is down sharply,