morgan brennan has more on ge's result. >> reporter: powering for the team. that was the message from ge today on the 30% drop intarget. continues to off set growth in ge's otheror my units especially healthcare and aviation. the strugglin company has made significant progress in what he describes as a ret year. >> we expect the second half to be better than the first half. ge is on a multiyear trans far national journey. we feel good about our execution.h we have strencross the majority of the portfolio. weremain focus on -- while making sure ourcuicro eon in each business continues to improve across the company. >> reporter: while ge suffers, i18 goal did say free cash flow from itsustrial businesses will be about $6 million. or the low i know of previous guidance. even so, the stocks fell. some analyst feared it's the finally bar that may be too hire of ard . the ge is influx. it avails the road map infrastructure, and exits itjo maty state. news that have been so far welcomed by wall street. >> generally handed a very difficult end. i think he's doing a g

. >> for "on the money," i'm morgan brennan. >> no crying and throwing up, i never tried that they deserve all of the credit it opened to the public in 1931 and finished eight months ahead of schedule and costs less that is the show for today i'm becky quick, thank you for joining us next week a new trend amongst millenials looking for a job it's not a good one, look out. each week we are here with "on the money. we will see you next week. >>> hey there, the guys getting ready behind me and a look at what is coming up next >> million dollars isn't cool, you know what is cool? >> making three times your money in less than a month going into earnings breaking it down. >>> plus -- biotech breaking out. just like that and chart master carter worth and gains to come we'll give you the set up. >>> fast food stops on fire except one spp here is a hint. >> big mac a

morgan brennan has the day off facebook is the top story.res are down on pace for the worst day ever, worst one day market cap loss for a single company, shedding more than $100 million in valuation hey guys, good to see you. let's tackle this. we have been through a lot of the metrics where they missed guidance, the stock reaction today. what does it say when 30% is a huge disappointment. >> look, it sounds like a disaster huge market cap, 20% i am laying this on wall street. this stock has gone back to where it was two months ago. come on. the stock went straight up for no reason right after the cambridge analytica scandal. expectations got way out of whack. facebook is doing the right thing. their margins are too high they have a huge opportunity going forward. mark zuckerberg is doing what he has done before which is to say you know what, we're going to invest more now, make the service better, bigger pay off later. yes, stock price is adjusting but it is not the calamity everybody is making it out to be. >> jason, i am of two mienlnds f

i am jon fortt with morgan brennan. wilfred frost.s the morning off there's a lot going on of course, but we start with the market major indexes in the green dow, s & p and nasdaq look for a sixth positive session in seven. nasdaq coming off the best day in over a month. joining us, our own bob pisani and mike santoli trade worries, fears seemed like last week. now we're up about 259 points on the dow, s & p chart looks similar, up two-thirds of a percent. >> you can see what happens when you have a weekend devoid of headlines about trade wars escalating nothing happened this weekend essentially. we saw a rally we saw a rally in china which has been dramatically oversold where we are now i think we have a great jobs report, we have modest wage inflation, good job growth the fed in a dovish box that's positive for the markets trade war remains the marginal sentiment mover that we've had see, no talk, market lifts and beat up sectors, industrials, materials, semi conductors on trade wars start to lift. the issue is what will happen for

morgan brennan has the story for us >> i'm a storm chaser and extreme meteorologist. >> intercept it. intercept it. >> while most people hunger down and pray reed drives into tornadoes head on used a customized suv that can withstand crushing 200-mile-per-hour winds. >> we're going inside. >> those tornadoes can be deadly and very dangerous you have to respect the power. >> here it comes >> but i guess it's the sense of adventure also when i see a tornado in the field it's one of the most beautiful things i've seen almost looks like it's not from the planet when you see it up close. >> but he doesn't risk his life thrust for the thrill. he does it to save lives. >> storm chasers are the highs unthe fields reporting to national weather service forecasts to news media and notifying people in the path of the storms to take shelter and hopefully save lives. >> guys take it seriously. this is a large fast moving rapidly changing tornado. >> that's what storm chasers are trying to prevent. >> as for pay on average they can earn around $70 grand a year mostly by listening jaw dropping footag

. >> john, morgan brennan here you mentioned jobs i wanted to get your thought on another governmentalicy. microsoft president brad smith was on cnbc a short while ago and mentioned moving jobs abroad because of u.s. immigration policies how could that play out? what would that look like? >> well, i'm not sure. i didn't hear brad's interview by the same token, any time there's a trade war, any time there are restrictions that occur country by country, it puts a u.s. company at risk as it tries to operate abroad we have just announced a restructuring of our european business, but that's more about microsoft as opposed to the regulatory environment that's gone on around the world i think we're going to have to be careful and monitor this over the course of the next six to 12 months, because quite frankly, growth in our business is about global growth, not just in the u.s. >> john, it's interesting, in recent weeks there was a push for microsoft to cut off contracts with i.c.e immigration and customs enforcement over the political stuff going on lots of disagreements over how to handle im

morgan brennan has the morning off. what an interesting day we have to tackle with us.ofessor scott gallaway, and stephanie meadow good morning, guys good to see you both. >> good morning. >> there's a lot happening, there's trade and shares of alphabet surging, hitting all-time high. the ag machine is powering ahead, hoping to offset that potential fine out of eu that we heard from regulators. scott, you've written a book on faang. are you impressed by this quarter? >> their quarter it is awesome to be a monopoly in a growing economy in the time it takes me to do this in my phone, 2 million declare intentions to google who can serve them ads across the entire internet, figuring out how they translate that intention to action, whether it is to take a trip, go to a certain hotel, what car they choose, what jobs they look for. i mean, this is a juggernaut am i surprised no >> my question is were you impressed? >> they grew core business, 23%, which is cloud basically, 36%, and really smart, called other bets big bets, which is good bank bad bank. they basically said this

morgan brennan has the story of a gator wrangler >> this 900-pound angry alligator is named godzilla. 100-pound blonde on his back is kristy kobart. she wrestles and captures these violent beasts and here in south texas where the gator population is over a half million and growing, these fiercely territorial predators are invading parks and neighborhoods, turning the local kids and pets into very vulnerable prey. >> he's mad. he's hissing >> that's where kristy and her partner chris come in. >> it takes a lot of courage my mind says, to get back, it's dangerous. but the other job is, this is your job >> the way they get the gators just might surprise you. here's chris sneaking up on a gator with a regular old fishing rod. once he reels it in close to the surface, christy wrangles it with a lasso before wrapping its jaws shut with the signature pink tape. >> we're going to get the hook out of her and release her at our farm >> the goal? to capture and release in the natural preserve >> most of the guys go out to kill the alligators. so i got into it to beat the device out there and to

"squawk alley" is live ♪ ♪ ♪ >>> good friday morning, i am carl quintanilla with morgan brennan and jon. busy friday morning. j here's the president talking about the state of the u.s. economy. >> currently things are -- the economy is running pretty hot. hopefully not too hot. >> i think it is maybe as good as it has ever been ever companies, what i really am happy about is a lot of cash is coming back in through billions and trillions that was overseas where companies were locked and they couldn't get it back, now it is coming back. hundreds of millions of dollars at a clip, and also companies are coming back to our country we have record numbers of companies coming back in they're pouring back in. they're going to michigan and they're going to ohio and pennsylvania and so many different states, and people can't believe what's happening >> wage gains. do you worry, is it time for the fed to be doing what it is doing, just to get a policy question in, should they be raising rates on the trajectory that's indicated >> i put a very good man in the fed. i don't necessarily agree with it b

morgan brennan joins us now with the ceo. good morning >> good morning.fter three straight years of declining sales, harley-davidson is finally showing new plans more affordable bikes and new ways to buy harley gear. this will jump start a hundred new motorcycles to 2 million new u.s. riders. i sat down with the ceo exclusively from the milwaukee headquarters to discuss the details of this plan >> i don't want anyone to think that we're running away from our core customer and the strength that the company has today this needs to be thought of, all of that plus more. so we're going to be doubling down on existing products. we're going to invest in an all new middle weight platform which is a modular chassis and a very core engine technology to go in three dramatically different spaces. custom and street fighter. and do that with multiple models all this coming within the next two or three years and then ev is that additional component which really allows us to reach out and inspire a whole generation of people that aren't even yet thinking about freedom on

the equity market reaction to powell's testimony mike santoli is here at post nine along with morgan brennan and jon fortt. we did see some improvement in stocks as he spoke >> i think powell utilized the advantage he has, which is a very strong economy. he said we will probably raise rates gradually from here for the best of reasons. to steve's point about the yield curve answer, i found that interesting. that was the one bit of suspense the market had is he going to say if we possibly would get it fully flat or inverted, that would be some kind of trigger for a recession or economic weakness o he didn't want go there. he also didn't want to cast magical forecasting powers he said the ten-year yield gives you a forecast, so if you go above it, maybe you're tighter than you expect it to be that doesn't help you in terms of the next two moves. >> he was not expansive on the curve. >> not at all. part of the idea is we don't want to make this a subject of outside focus. >> i thought it was interesting, senator joe donnelly of indiana wants to get into the tariff discussion and the impact on ru

. >> coming up we have morgan brennan's exclusive with the ceo of harley-davidson ne are integrated.yes, some people assign genders to machines. never getting grape again. & you can adjust in near real time. & if someone tries to breach your firewall in london & you start to panic... don't. you'sve got allies on the outside, & security algorithms on the inside. & if it's jammed up here, & it's hot in here. & you know both those things, you can do this. & your flowers won't wilt. at&t provides edge to edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &. & when her patient's blood pressure drops, she can share the information with... the nation's largest senior-living referral service. for the past five years, i've spoken with hundreds of families and visited senior-care communities around the country. and i've got to tell you, today's senior-living communities are better than ever. these days, there are amazing amenities, like movie theaters, exercise rooms and swimming pools, public cafes, bars, and bistros, even pet-care services. a

"squawk alley" is live ♪ ♪ ♪ >>> good friday morning, i am carl quintanilla with morgan brennan and jong.

morgan brennan has the day off facebook is the top story.or the worst day ever, worst one day market cap loss for a single company, shedding more than $100 million in

. >> germany's too low >> morgan stanley's got a note, morgan brennan helped us get to it it says to to 2% from the current 1.5% would require $117 billion in additional defense spending by members. they said, by the way, the 4%, they never expect that to happen >> but you got the joint strike fighter. you've got abrams tanks and you have patriot missiles. those are the three, okay? and they cost a lot of money that's what has to be bought is he arms in chief president? yes, when it comes to -- you'll see all those stocks go up why? because that's the only way to really placate the president >> by the way, interesting day for the president to be in the uk because today, may publishes this 98-page white paper on what is essentially a soft brexit the blueprint that in some cases the banks in some cases would lose their current access to the eu market but comes after the resignation of those two cabinet members as she tries to put together a coalition on that front before this self-imposed deadline >> you mentioned the main man greeting the president was the ambassador to the uk, woody

is two wellefed din peaks at the same pris they see the lowest low as a bearish signal >>> i'm morgan brennan cnbc news update. president trump during the joint press conference with russian president putin once against criticized the investigation into russian meddling in the 2016 u.s. presidential election. >> i think that the -- the probe is a disaster for our country. i think it's kept us apart it's kept us separated there was no collusion at all pch everybody knows it >> as amazon gears up for prime day special, which will begin in about half an hour rival target count wers online deals. those that will spend more than $100 tomorrow will get a free six-month membership for shame-day delivery that service is normally $99 a year >>> and a new study reveals 40% of eczema patients consider themselves in fair or poor health and more than a quarter feel feel dissatisfied with life. the most common complaint, itching. they say the disease was a burden on their lives. a notable study given the fact that this is a disease with no cure that's a cnbc news update at this hour. send it back to you. >

. >> morgan brennan, cnbc. >> some of our guys went up there and shot that. >> i was going to say, howut our cameramen? how brave they must be stomach-churning stuff. >> morgan used the phrase traffic whizzing by below. the traffic doesn't usually whiz it creeps along beneath there. but, boy, i would never do that. >> 31,000 to 71,000, that's the range. >> i cannot handle those heights. >>> any how, which ceo or company has the best reputation? we'll give you the resultsf oa new survey, coming up next to yo? well, it means i can trade after the market closes. it's true. so all... evening long. ooh, so close. yes, but also all... night through its entirety. come on, all... the time from sunset to sunrise. right. but you can trade... from, from... from darkness to light. ♪ you're not gonna say it are you? my familyoh!in there. how did you get in the building? jumped off a super crane. what? whoa! skyscraper. can't fix it with duct tape, then you ain't using enough duct tape. rated pg-13. >>> and welcome back to power lunch. the race to rescue a teenage soccer team stranded in a flooded c

morgan brennan has the morning off. what an interesting day we have to

of those products are saying something different >> the company's ceo speaking exclusively to morgan brennan about it he weighed in on trade tariffs and the president, morgan joins us now with more hi, morgan the motorcycle manufacturer unveiling its more roads to harley davidson plant today, which includes stronger dealers, more access for its products also, a new additional line-up of smaller, more affordable bikes. even a portfolio of electric motorcycles. they plan to launch 100 new motorcycles, more u.s. nationals and growth national. i sat down with ceo matt levitage exclusively to discuss this news as well as trade picking on one specific thing like motorcycles and assuming it's going to be easy to change, that's where it gets very confident and very difficult, and the administration is working very hard on this very issue. we have endured economic and non-economic trade barriers in our international growth we have competed on our merits we've done very well we're in over 100 countries now around the world, and we're doing well despite some of these things we would like more of a leve

. >> squawk alley live sfl morgan brennan john fortt, squawk alley 11:00 a.m. >>> hi i'm contessa brewer here is the men u a new story new indictments against russian intelligence officers. what compact could this have on the president he is's meeting with president putin process monday the five-star fund manager up 12% this year gives us topics. we talk to the and i willry about the impact of tariffs on the bourbon industry and we have a taste test of the new old $10,000 bottle hour lunch starts right now. ♪ raise your glass ♪ >> love a taste test i'm melissa leo. markets moving higher in seks sections the s&p 500 breaking 2,800 the first time since march right now it's a 2801 up by just about .1%. and nasdaq is the one in the red. but marginally here np in terms of leaders we have energy and staples, financials meantime are lagging. speaking of citifinancials citi jp morgan wells fargo. they reported this morning jp morgan hovering near flat line and tech stocks continuing the run at lifetime highs. bill. >>> melissa i'm bill griffeth and here is what's happe

coming up on power lunch >> announcer: and now the latest from trading nation.cnbc.com >>> i'm morgan brennan the cnbc news update at this hour facebook says it has uncovered sophisticated efforts possibly linked to russia to influence u.s. politics on its platforms the company says it removed 32 accounts from facebook and instagram because they were involved in coordinated behavior and appeared to be fake. the highest ranking american at the vatican has denied any involvement in the sex scandal leading to pope francis stripping u.s. cardinal theodore mccharacter of his title kevin farrell says he had no knowledge of the scandal. >> i was focused on running the arch die cease the what the cardinal was doing was all over the world. didn't enter my daily routine of running the afternoon die cease of washington. >> uber is halting the self-driving trucks division focusing on self-driving car research it will, however, maintain uber freight app which helps drivers connect with shipping companies which has grown dramatically the past year. that's the cnbc news update this hour back to the team at

morgan stanley go head-to-head. in a year, who do you think will have the bigger market cap? brennan my forecast and price targets, i would say that morgan stanley keeps lead. they took the lead earlier this year, and it has been a bit of a dog fight back and forth. when you think about the earnings mix and the earnings that are in the multiple, you have to think about what is on top of each other. you have half of your earnings coming from wealth of -- and asset management, and the other half from an investment oriented banking business with morgan stanley. with goldman, you have private equity, which is very volatile, and you have this emerging consumer lending business, which at this point in the credit cycle is probably going to end poorly, at least in this first go round. maybe it works out well, but in the first go round i would expect not. scarlet: morgan stanley perhaps in the year term -- near-term. brendan hawken -- brendan hawken, thank you for joining us. at ant, looking anti-cartel bill preparing to target opec. this is bloomberg. ♪ ♪ scarlet: that is just some of our ti

coverage some would see as a step too far paul brennan al-jazeera central london i always speaking to the co-author of that spin watch report and external our morgan later in the news hour in about twenty minutes from. what their news asked from london still to come on the program. if it weren't for the new refuges ready so just tell displaced syrians to go back as they approach the occupied golan heights. burying the victims of nicaragua's church siege as the u.n. calls on the government to stop using lethal force. and later in sports we'll hear from underneath cabot as she adjusts to life as wimbledon champion. former u.s. president barack obama has paid tribute to nelson mandela's vision for democracy and social inclusion during a special event marking one hundred years since the anti-apartheid leader's birth mark obama spoke of the universal appeal of mandela's message and urged people around the world to respect human rights it's his most high profile speech since leaving office through a sacrifice and i'm wavering a leadership. and perhaps most of all through his moral example. mandela. and the movement he led would come to signify something