what is up with the new ge commercials? you know the ones -- they are actually funny. >> surprise! e heard you got a job as a developer. >> i work for ge. emily: linda boff joins us with the ge's rebranding. ♪ emily: in today's version of "out of this world," the ridley scott film "the martian." opens. the movie stars matt damon as an american astronaut. the $180 million movie has humble origins based on the writing of a computer programmer. andy weir dreamed up the story in a series of well researched blog posts which turned into an e-book that sold 35,000 copies. the book deal and movie deal closed in the same weed. the film is projected to pull in $45 million this weekend. all of this in context of the actual market breakthrough this week when nasa unveiled liquid water on the planet. breakthrough.mars when it comes to bringing science fiction closer to reality, nasa is far off. it plans to send humans to mars by 2030. when you think of general electric, you think about jet engines and the industry. ge wants to shift the image and rebrand to what it calls a digital industrial. wh

the fund says ge shares are undervalued. d just look at the stock's performance over the past decade. shares of ge down about 20%. the s&p 500 has gained a little more than 60%. today shares of ge rose more than 5% on word of that trian stake. harry thompson has more on this big investment by a very big and influential investor. >> reporter: in a first for general electric the 1 123-year-old company is targeted by an activist investor in the midst of ceo jeff immelt's major restructuring. >> he's already doing those major changes. peltz is going to push him a little further. >> reporter: peltz is nelson peltz, a billionaire investor whose trian fund has had a hand in restructuring at wendy's and heinz. in ge peltz's partner ed garden says his firm sees value the market hasn't recognized. >> it's an amazing risk reward and i think we bought the best industrial business on the planet hp happens to be trading at the cheapest valuation. >> despite immelt's constant tweaking of ge's portfolio its stock has lagged the broader marke

and ge at 26.51. the activist takes that $2.5 billion stake in ge. up 26 points. the dow off the highs of the day. up 153 points. carl, back to you. >> thank you very much. >>> let's get to the bond pits and check in with rick santelli in chicago. good morning. >> hi, carl. it's almost like the teacher's out today so the students will be a little rowdy. china's closed, it's post big employment report so there's digestion. as we embark on the last quarter of the year, and even though this is not as true as it used to be, october is a big month, especially when we get towards the end of the months for a lot of fund adjustments. you would think it would be the end of the third quarter but really it's october. if we look at a long-term chart going all the way back to may of two-year note yields, i want you to see how important the bottoms are on this chart. we continue to seem to want to hold at levels, we're stabilizing here in the 57 to 60 area. if you keep that line of thought, look at the one-day and two-day of tens. the one-day looks like, wow, yields have popped.

the company. dean, good to have you on. from all accounts i see ge is expected to, i guess, put in much less of a performance than they saw a year ago. your expectation. >> sure, right now we're looking at 26 cents for the quarter. but the expectations and the focus really isn't on earnings this quarter. it's all the other changes that you were just mentioning. how they're slimming down and exiting most of ge capital. close to closing on the largest deal they have ever done. so the focus is on the change in the portfolio, far less on the actual cadence of near term earnings. >> let's talk about the transition that's going on more broadly in general electric. we're seeing the earnings shift away from the finance and i'm seeing them selling off more and more of that part of the business. do you think we'll get an update on that? the most recent of those sales was the biggest yet. >> that's exactly right. so the pace of the sale down out of ge capital did culminate this week in the sale of the big part of the commercial lending and la leasing portfolio

erik: you have put some of this to work with the ge assets, and what else are you going to do with it? have more assets under management, so it is more of the existing that we are doing today. doing bolt on things, and if we do not do another one, that is great. if something else comes up, we would sure look at it. we want to do that really, really well. erik: besides what you're bringing over from credit squeeze, what else about retrenchment? they were involved with lending for the fortune 500 companies. void, and also on the capital market side, and more advising. we do today more activity in souing debt, equity, and forth, so that is an opportunity for us. is it possible to qualify how much of your business came from filling that void? : maybe 20%, 30%. in that part of it for the capital markets. first of all, we got some great team members from wachovia, and with the retrenchment, a much more rational business. erik: wells fargo sets the benchmark for management, and i know you are proud of that. you have bought -- brought a line item down 25%. mr. stumpf: i think it was 27%. firs

the three major averages now out of correction territory. >> ge is getting a nice pop today up by over 4%. one of the biggest activist investors on the street taking a stake in the industrial giant, so we have three other mega cap stocks that analysts believe have room to run from here. >> and ben bernanke, love the beard, ben, love the beard, ben. he was on cnbc with his first tv interview since leaving the federal reserve. why he says there should be no rush right now to raise interest rates. >> i wonder whether he loves your beard, too. >> i'm hoping. >> the mutual beard appropriation society. stocks extending their recent rally wiping out losses for september. with today's gains they are all out of correction territory. at least for today. the dow is currently up by 1.4%. 225 points to the good there, folks. s&p is up by 26% or points or 1. and the nasdaq is up by 47 points. good way to start the week, right, mary? >> it certainly is, mandy. that september swoon we saw in the market seems to be a distant memory today where as you pointed out the s&p is now up for the fifth straight

was up 3.5% on the date was the xli was actually down on the day. so ge's performance is masking bad performance in the entire space. >> some of the people that reported from emerson to fastenal and grainger using terms like industrial recession. it's not good and ge is the big weight in the sector, 11%. without the big defense contractors, well, a few airlines, everything else from united technologies, to emerson to eaten is down and it does not look like it's over. >> exactly to your point a lot of the companies that were first trying to deal with cost cutting issues, now the ones that service those companies are saying the exact same thing. so it's rippling basically through that space. this is not the time to dive into it. >> you got a trade on xli. the etf that trades industrials. >> when you look at the chart. xli from the 2009 lows it has come down to that uptrend that has been in place since 2009. there's the chart. you have the stock at 52.5 or so today, 50 is a near term support level but that uptrend is the big one here. i don't think ge can help

the future? it will matter howell ge does. >> nelson peltz, this is the biggest investment trian does. we'll talk to ge analysts about this. programming note, you can watch trian's ed garden talk about it with david faber on squawk in the street a little later this morning. >>> in other headlines, teen apparel american apparel has filed for voluntary chapter 11 bankruptcy protection. it's already reached a restructuring support agreement with most of its secured lenders. google is now officially alphabet. it happened after friday's close. alphabet is the publicly traded company that houses google's business. it's going to separate the company's core businesses from ven tlierks the driverless cars, internet connected high altitude balloons. the companies creed don't be evil was changed to do the right thing. i thought spike lee had a -- >> yeah, right. >> -- i thought spike lee had a copyright on that. >> i can't get used to calling them alphabet. >> supposed to throw a flaming garbage can into a pizza place or something. what does that mean? >> means they're going to try to do the right

stars topped by to help preview movie for me and these two come with the major background in the action fantasy ge nre. >> lord of the rings thrilling ace monk his many credits, game of thrones, part of hers, together now in the last witch hunters. >> sure. >> let's bin with the thought that witches, live among us. >> i think witches are real,

the industrials moving. ge really behind a lot of that right now. united technology, some of those names. i think the one thing we can hold our hat to is when we look at the volatility index, and last week we talked about it, in the mid-20s. it had been 30, it went to 20s. that's very difficult to sustain. because we've got to have movement that's going to give us 1.6, 1.7% every single day. >> are you inclined to be a buyer of stocks? >> yes. >> friday's activity in the second half of the day and today make a meaningful statement to you? >> absolutely, 100%. i don't think people are giving it enough respect. there was a lot of hubris surrounding whether we would revisit the lows. whether we would take out the august lows first. i think it was an incredibly powerful rally on friday that indicated just how short the speculative community was. i think we've gotten past a lot of the economic data points that would be troublesome in the form of china manufacturing and the labor report. now you're coming into earnings where the expectations are incredibly

the quarter. and you're an investor, buy some ge after the report. i want ge to come in so i can pound the table, post the revelation last monday that activist nelson peltz has bought a huge stake in the country and is encouraging aggression. ge, without the finance business it's getting rid of, is an fantastic agglomeration of industrial businesses with the best or gganic growth out there. both companies have been part of the churn in industrial stocks since august. even if ge doesn't come in, why don't you own a small position in it. maybe one of those federal reserve pop-offs, a sanguine situation ahead of a possible government shutdown. i would buy some ge, then get ready to buy more. even after the run, it's still very cheap. honeywell has moved up since the pivot to industrial stocks last week. here's the bottom line. once again, it's time to focus on the fact that rancor is back in washington. it makes us more circumspect because this kind of showdown has always -- there isn't a single recorded instance, always caused the market to swoon. i nev

the dow on the track to close up, 300 points. what's going on? >> well, gehe tone. the worst flooding in 1,000 years as well. this is on he needs to be mind. investors and main street alike. south carolina under water after rainfall. it isn't over yet, got the latest on the rescue efforts and -- >> and hillary's e-mails. now she says kevin mccarthy proved it's all a political witch hunt and first back to this rally on wall street. a solid 300-point gain on the dow. that's close to 2%, all embassies up over 1%, oil is red, the only that we see down is gold down about a buck 50. but a huge pop in stocks, let's head straight to the floor of new york stock exchange. is this all about free money from the fed or what? >> well, i think that's a big part of it david and, in fact, you can trace it back to last friday's session. rememb t

there was a successor to ge, jack's job, didn't get it, got the gte mind, and they confused gte and gesir. >> sure. thanks a lot. >> talked about a lot of stuff. >> rapid fire. >> rapid fire. >> boom, boom. thank you. >> thank you. >>> when we come back today, if y missed the catch of the year, we have it for you after the break. by the way, whining can be a good thing, especially if it's a $30,000 bottle. a big auction bringing top dollars to sellers. that story in a bit. meantime, the futures at this hour, relatively flat earlier today, we saw green arrows across the board, and this morning, the market is waiting for a little of direction. we'll be right back. more data means more freedom to do..whatever. that's why at&t is giving you 50% more data. that's 15 gigs of data for the price of 10. because the more data you have, the better. and right now at at&t get $300 credit for every line you switch when you trade in a smartphone and buy any smartphone on at&t next. (vo) wit runs on optimism.un on? it's what sparks ideas. moves the world forward. invest with those who see the world as

was up 3.5% but the xlive, the etf that tracks it was down. so ge's performance is masking a lot of bad per poermance in the space. >> you could see the commentary from emerson and the chairmans saying we are seeing things terrible, like industrial recession. it is not good. and ge is the big weight in the sector, 11%. without the big defense contractor, a few airlines, everything from united technologies, honeywell, it is all done, not by my word. >> to your point, a lot of the companies trying to deal with cost-cutting issues and now the ones that service those companies are saying the same thing. so it is rippling through that space. it is not the time to dive into it. >> do you have a trade on xli which tracks industries. >> yes. when you look at chart from the 2009 lows it has come down now to the uptrend that has been in place since 2009. there is the chart right there. so you have the stock at 52.5 today. 50 is a massive near-term support level. but the uptrend is the big one here. so i think that you'll continue to see fundamental zreerdeterio

take a look at ge shares. the firm cofounded i nelson felt has acquired a $2.5 billion a in ge as it backs the companies ran to focus on industrial businesses. what does this mean for the debt and the company at large? i want to bring in a senior analyst at bloomberg intelligence on ge. the target seems to be getting bigger and bigger. dupont and now ge. what does he want? >> cannot really get much bigger after ge, right? pretty much the same. improve the operation, get more sales growth, but more leverage on the balance sheet and get the cash flow back to the shareholders. i think that is the basic playbook with ge today. the idea is they were spending too much money. there were areas where they could cut cost and add to shareholder value. >> that is exactly right. with ge they arty have a target to reduce operating spending down 12% per year starting in 2017. in the they are similar idea of making sure the execution works out right just write for the investors. what has not worked is it has been a black box. too

if you can get the other 10 guys, you can put pressure on ge. u can do that whether you have half of a percent, a quarter of a percent, but it is convincing everyone else you are right. your point, and what stephanie said, how is it there is so much symbolic value in the entry of an activist, not just a company like ge, but we mentioned qualcomm, you have to add carl icahn, apple, for example -- i want to go back to what you said -- thank you very nelson, but i have a business to run. why isn't it more talked to the hand -- we are working for shareholders already, in case you have not noticed? it should. i never understand why they don't. it does not make any sense. erik: so, you want management and boards, for that matter, to have more backbone? absolutely. everyone is so worried with what the press will say. all of a sudden, ge is in the news and everyone will focus on all the things nelson has said. people will focus on that, and then you will ask shareholders if you agree with him or not agree, and other notes and other nelson will get everyo

. ♪ pump up the jam >> shares of ge surging to a ten-year high. ll the rest of the industrials follow suit? what do you think? >> i think that if we're looking at industrials there are haves and have nots, the industrials related to things like commodities in south america, that would be the cat pillar's and t-rex s, i don't see as cheap as stocks might appear, i don't think the trouble is over for them. that's not an area seeing recovery. a lot of people are overblowing the problems in china, saying they are moving to more of a service based economy. that won't help bail the companies out either. maybe boeing is a place that could potentially benefit. if you're looking at the mining sector, stay away still. >> it feels like ge is a stock specific story. you look at honeywell, missed on revenue. >> you had earnings for both and ge seems stock specific, stocks up 15% in last year. and it's not really based on fundamentals. if this is a fundamental input, the earnings multiple is 22 times this year's expected earnings. that's a 10-year high. there's

i think nelson is correct, the direction ge is heading in is direct. they are a very well operated company, one that has been an absolute though your and the way they have allocated capital. if you look at their venture into -- and eventual exit, their entrance into the world of gas -- the gas and rich -- the gas industry, they have not done a good job of the capital. if all they had done is stuck to airplane engines and kind of the court ge businesses and brought backstop and -- brought back stock and paid dividends in 20 years, -- it's similar they've done is used the cash flow and growth and value of the business that comes from the core businesses to make a series of acquisitions that turned up poorly -- turned out poorly. in ge, you have to show your stuff by doing deals and it's really the dealmaking part of ge that has been a problem, not the way the businesses are run. a lot of very talented ceos have come out of ge and it's one of the best training programs for running a business. it's a terrible place to learn how to invest money. >> you did a

the stock today. i want you to be able to buy ge in any weakness if it sells off tomorrow. i expect it might be gripped by the newfound rotation out of the industrials and back into hypergrowth stocks like the biotechs. but if you believe the recent now stalled industrial rally can reignite, why pick up an electric versus any others in the group? simple, ge has been going through a radical transformation and doesn't get nearly enough credit for what it has done of which i think has taken a lot of bravery and courage. first and foremost, general electric's now pretty far along in the process of jet setting the financial businesses that really hurt it during the financial crisis in order to focus on doing what it does best, being a high quality industrial manufacturer. in the summer of 2014 the company spun off its private label credit card business and since then aggressively divested itself of financial businesses including this latest move we learned about on tuesday where the company's selling commercial lending and leasing business to wells fargo for $30 billion. once fin

make it one of the top 10 shareholders. peltz says ge could take on $20 million in debt and repurchase the shares. seeking apparel is vonnie: chapter 11 bankruptcy liability. american apparel has been in turmoil since last december when their attorney was fired as ceo during misconduct charges. one of the favorites to win the nobel peace prize this week, germany's chancellor angela merkel. she's the three to one favorite over pope francis. the reason -- angela merkel's response to the refugee crisis. it's not like the oscars were is the deadline for good acts. you can still win the nobel peace prize. tom: the nobel prize for and onure on thursday, the economic as well. it's a rare pleasure. what a lineup this morning as we recalibrate off of friday jobs report. carl weinberg and dominic konstam, and to begin with dr. weinberg, let us talk about how "bloomberg go." our central banks behave amid inflation. this is a chart that you know that you may not know. the yellow line is the federal reserve bank interest rate in the united states and

least three of them, is for the people that are actually ministering programs, something as small as the ge program, that they actually be held accountable. to make sure people are actually learning. so, they didn't do anything to help inmates get educated. they basically pushed it off to other inmates. there wasn't no learning going on. host: you said that you have been incarcerated three times? yeah,: i have been in -- i guess you could say i have been incarcerated twice. i did almost one year sentence, then i did a 3.5 year sentence. i was curious, why do you think you ended up back in jail? caller: let's start from the beginning of the educational system going on, i was coming through school, me being 33 years old. i wasn't taught anything. i didn't have any skills to go into the world to make anything of myself. a bogus opportunity and jumped on it thinking it would be something good, realizing later that it didn't make sense. host: mario, your first time in jail, is that when you went through the ged program? how did it prepare you for getting out and trying to get a job? is there mor

, they're moving out of connecticut as the chairman of ge set at the economic club here in washington. he said when you go for a long period of time and the governor and two senators in the downstate, members of the house, we don't expect them to vote on issues we need every time. but when they never, ever respond, it is time to go somewhere else. if that is the kind of backlash you're going to see some of. >> going back to the primaries, the freedom partners read him of commerce has a different idea of what the chamber of commerce are to be doing. >> well it's working for them. there are big on crony capitalism, about killing off exxon bank, they say they're going to put $250 million into politics this year. what does this mean for you? >> not much. look, you you have to be for something. if the only thing you're for is canceling, getting rid of, or opposing things that are going on you are not going to get a lot of support from the american people. >> for more freedom and less government, who could be against that. >> i think we have to be, i'm vigorously in support of freedom, the

ge. we will break down the company's third-quarter earnings. betty: welcome back to "bloomberg market day." with ge earnings beating estimates, you would think they behind. julie hyman standing by with those because of the market desk. julie: i'm tried to fix my chart on my bloomberg terminal, which we will get to in just a second. we have had a number of industrial countries coming out with perl in the earnings that --sed estimates the most missed estimates. the most egregious is qantas service, down 27%. the coming coming out with preliminary earnings per share for the continuing operations for 22 to $.24. the prior forecast was for $.44. a big mess for this company. this company provides services to both utility companies and gas pipelines companies. on the electric side, it's seeing small-scale on electric transmission and on the pipeline side, th it delays pop line construction projects. the train company also missing analyst. it said that its agricultural mineral transportation business revenues are up 6%. 5% ofals and petroleum of all oth

the hour. there's a look at crude back about 47. our roadmap begins with geting the street on earnings, but what about nelson peltz? >> companies such as yung, wyn. >> alibaba making a multi-billion dollar play for china. >> general electric up 29 cents a share in the third quarter held by demand for jet engines and power turbines. ceo jeff emmeltz said ge performed well. oil and gas revenues down 16. power and water up 1, aviation up 5. >> i like the quarter. plain and simple. when i see 4% organic growth, that's going to be among the highest of the big industrial companies. it's been the best performing industrial so far this year. i think jeff immelt, the transformation is truly happening and it is real. this is obviously conference call, we have the date, we have our reports here. i mentioned that because the goldman sachs hadn't been on that and the stock jumped 7 points after we talked about it on "squawk." >> important to mention. things happen on conference calls that move stocks, no doubt about it. >> this is solid, it's clean and i'll tell you somet

they talked to peltz about joining the board of ge in 2007. told the company he didn't like the emphasis on finance. if he cuts costs and boosts leverage, he could buy back 40% of the company's shares, maybe earning a double in the spot. that double might seem worth it, already slightly above what wall street is looking for. this company, with only 19% exposure to china, oil, and gas, i think ge could go to $30 easily. that would be a great return. in this market, where ge has conducted a major restructuring that's been totally ignored, i'm with peltz, as his 80-page epistle illustrates. there's been no catalyst to buy it until now. this peltz buy ignited the whole group. people are beginning to recognize that the chinese drama may be playing out. with the federal hold, there's a good chance these industrials could have a comeback. and believe, if dupont, which announced a terrible profit number tonight, had followed tryon's projection to break up that company, i think former ceo ellen kullman would have brought a lot more value to the table, e

to get the final answer. geance will focus og shedding $6 o billion in assets including the finance business. some real estate remainder of the u.s. leverage lending business. overseas, assets on the block include the european commercial lending and leasing businesses check and polish banks and a french consumer business. when it's all said and done, the plan is 90% of ge's profits will come from the industrial businesses with the finance unit supporting the businesses accounting for the rest. melissa, back to you. >> mary thompson, thank you. >>> big bank earnings kick off in 90 minutes from now. jp morgan is the first to report. bank of america, wells fargo, n pnc out with earnings tomorrow. let's bring in the banking analyst from s & p capital iq. jp morgan essentially started the year exactly where it is now stock wise, right? it started the year at $62. it's around $61 and change now. it is all about seeing when the fed is going to start hiking and the trajectory of the rate hikes at this point? >> that's t

on the earnings call immelt saying the strategy peltz's firm would like to see ge embrace are mostly line with his own. >> i think the white paper kind of lays out their thesis. you know, we don't agree with everything, but it's pretty consistent with what we've done and what we're doing. >> reporter: immelt and his management team doing a lot of work in short order to end the long-running underperformance of ge's stock. for "nightly business report" i'm mary thompson. >> that retail finance arm that mary just mentioned saw its profits rise and top wall street expectations. sinkrony financial, the provider of store credit cards, saw purchase volume grow double digits in the most recent quarter. earlier this week synchrony won approval to split off from general electric. nevertheless, shares fell more than 3 1/2%. >>> on also stocks closed higher for the third straight week. mixed economic data pushed out expectationses for the timing avenue i rate hike and that's being viewed as a good thing for stock investors. by the close the dow jones industrial average gained 74 points to finish

enforcement appreciation day - tailgate before the morningside - bcu game (starts at 1030 - king of the ge at winnavegas on saturday night! pink in the rink - saturday at the e muskies! rob thohos (of matctcox 20 fame) - vember 1st at orpheueu i believe there is a zombibiwalk saturday a a chesterfield - 3pm? proceeds go to gigi's - i'll find out this aftnoon when i see my gigi's lady. tony, candice and jess are chatting about this weekends events tony, candice and jess are chatting about this weekends events tony, candice and jess are chatting about this weekends events tony, candice and jess are chatting about this weekends events tony, candice and jess are chatting about this weekends events tony, candice and jess are chatting about this weekends s tonynycandice and jeje are chatting about this weekends events tony, candice and jess are chatting about this weekends events tony, candice and jess are chatting about this weekends events tony, candice and jess are chatting about this weekends events tony, candice and jess are chatting about this weekends events tony, candice and jess are cha

and he also noted the wind down of ge's finance arm is ahead of schedule with the sales fetching slightlycted prices so far. ge is expecting operating profits and revenue though at its oil and gas business to decline between 10% and 15% next year. 2015 certainly a transformative year as ge closes in on its goal of generating 90% of its profits from industrial businesses by 2018. back to you. >> mary thompson, mary, thank you very much. let's go now live to the white house where the president will hold a press conference with the president of south korea. >> good afternoon. last year in seoul president park welcomed me to the blue house. today it's my pleasure to welcome her back to the white house. madam president, during your last visit here you addressed a joint session of congress which is an honor reserved for america's closest friends. you noted the founding fundamental of both of our countries, our declaration of independence and your constitution, enshrine our commitment to our people with the same words. to their pursuit of happiness. for more than six decades americans and korean

you have that one top right after the announcement of ge capital being sold. is is going to move this stock. >> yeah, it should move the stock. one of the reasons is they're getting back, they are getting out of the financial unit. they performed well. look at honeywell. it has done fairly well. it's time for ge to they and follow honeywell's performance. >> that was 50% -- >> it was. >> maria: they didn't want to deem important. it goes really -- i guess the major move here. that's why the stock is under. down 25% versus 61%. we'll take a short break. coming up on mornings with marÍa, now focusing on two engineers. we've got the details next. it has been in the works since 2008. it looks like we are getting close to actual passage. making a big bet on general electric. stock is down as you just saw over the last ten years and vegas fights to buy its own electricity. we'll be right back. ♪ ♪ ♪ can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business hav

, they're moving out of connecticut as the chairman of ge set at the economic club here in washington. he said when you go for a long period of time and the governor and two senators in the downstate, members of the house, we don't expect them to vote on issues we need every time. but when they never, ever respond, it is time to go somewhere else. if that is the kind of backlash you're going to see some of. >> going back to the primaries, the freedom partners read him of commerce has a different idea of what the chamber of commerce are to be doing. >> well it's working for them. there are big on crony capitalism, about killing off exxon bank, they say they're going to put $250 million into politics this year. what does this mean for you? >> not much. look, you you have to be for something. if the only thing you're for is canceling, getting rid of, or opposing things that are going on you are not going to get a lot of support from the american people. >> for more freedom and less government, who could be against that. >> i think we have to be, i'm vigorously in support of freedom, the

that was the turning point where people were convinced to ge was making the change, making the move to capital assets and turn itself into an industrial company. they are being rewarded by investors. and i have been talking to analysts. they were more cautious on ge because they didn't feel like they could rate it yet as an industrial company. the fact it did jump up its peers is quite significant for the rating community. the way peoples are valuing them at estimating their earnings. >> let's talk about a currency getting slammed. the zante a quach a -- the kwacha. you can get a good feel for how it has been beaten down. copper prices is the yellow line. of exports of 70% income for zambia. here you see copper rebound but the kwacha has not. what is everyone going to do? prey on sunday, literally praying for the health of the economy. given thet work, health of central banks you might as well try something new. divet to take a quick deep into my terminal. we got the jolts reported it is a look at job openings. this is a look at the rate of quits in the food accommodation industry. as

there's a crash reported highway 84 as you come down toward the ge plant. ash here southbound at hayward, 880 at 92. the crash in the left lanes cleared as the slowing for the approach for the san mateo bridge. it sounds like there might be something going on there. i want to show you the approach toward the bay bridge. sudden slowing through concord, may be something going on around port chicago highway. i want to end with this live shot of the san mateo bridge, westbound 92 shows the volume building. you'll see slowing through 101. a typical pattern. >>> we continue to follow breaking news in the south bay where firefighters are battling flames burning at a strip mall in centerville. >> "today in the bay's" bob redell live at the scene. there was concern the facade could actually fall. >> reporter: this fire has been burning for an hour and a half now, sam and laura, here at the strip mall. the sunnyvale fire department tells us that the area where that black hole is, that barber shop was fully involved. unfortunately it extended to the right to a liquor s

"they've been through all the hoopla and jumping through all the hoops before the g ge starts. they're a little more used to it thahawe are." edinson volquez will pitch for kc, while noah syndergaard throws for new york. first pitch is at 7-07. the northern iowa men's basketball t%am is picked to finish third in the missouri valley preseason poll. the panthers return nine letterwinners and two starters from last years team that set a school record with 31 wins. wichita state got 42 of the 43 first place votes. a unique program is helping first responders deal with kids who have autism and other disabilities. and the new chip on your credit and debit cards is supposed to help prevent fraud. but now some con men are using the chip card craze to trick people out of personal information. a full wrap-up of today's visit from presidential candidate donald trumpmp thanks for joining us tonighgh.. et is up next... don't forget to go to ktiv-dot- com for all of your news, weather, and sports... see you back here at ten. welcome to ktiv.com, i'm chief meteorologist ron demers. mostly regi

highway 84 near the ge plant. they're clearing an accident there out overliermore as well. now, it's 6:17. let's go to steve in the bay area weather. >> sal, thank you. looks like a nice day. a little warmer here. we do start off with some patchy fog. north of that, chewed up. showing itself to be stronger with higher elevations. first of all, we start with yesterday morning. immaterial was about pacifica daily city. and ja -- san jose. yesterday afternoon from lake county. it's 48 now. that is this morning. we picked up another .02 yesterday. lots of rainbows. i would agree. there were lots of rainbows. that's a little spin in the atmosphere. even on pam cook's castle. lawyer are hernandez was putting not carpets yesterday morning. >> oh, no. >> said steve got the carpets in. >> oh, good. >> the rain stopped in time. it can rain forever now. we do have a little bit of cloud cover. the low clouds are zipping down the coast. north wind taking care of it. forty-seven. nevado 58. a lot more 50s. we are running about one to nine degrees cooler unless there is a little breeze whi

next friday. >> we already talked about the banks which is the big focus for me, but ge is interestingwhat they have to say. nelson peltz is involved in the stock. i'm interested to see what they have to say about growth through acquisition, growing industrial and health care businesses, growing the oil services businesses, some big divestitures coming from the baker hughes deal. let's see if they talk anything about that. >> have a great wieekend. >> you, too, judge. >> "power lunch" begins right now. >>> scott, gentlemen, thank you very much. and welcome to "power lunch," everybody. along with sara eisen, i'm tyler mathisen. mandy has the day off. we're all at the nyse today. >> how lucky is this? >> i don't think we've ever stood this close together ever. >> it's been a huge week for equities, the dow on pace for its best weekly gain since february. the s&p on track for its biggest gain of 2015, so will the rally keep on trucking? >> and we've got a great mystery chart for you. check this one out. it's a sector, and it's up more than 7% this year despite the recent

. >> people wonder if october, as good as it's been, has been led by the likes of a ge or if it's allynn, chesapeake and rig? >> there's a sense that the commodity producers cut back with the exception of iron. we got the numbers out of china which shows a dramatic drop in imports. i will rock your world about china. car sales were up 3% in china for year over year. there were some purchase tax cuts. but the china consumer, with that number, the export number and this number, you put that together, what starbucks is saying, nike is saying, apple, the consumer is bottoming in china. the car sales number is good. >> i remember when you said europe was bottoming, i looked at you like you were crazy. >> you laughed. >> you were right. >> you laughed at the apple watch. >> doesn't mean you will be right this time but i'm listening closely. >> i think you should. >> i am. as long as you don't call me chase. >> we'll get cramer's mad dash. look at the premarket on this tuesday. more "squawk on the street" back in a minute. it's more than the cloud. it's security - and flexibility. it's where

david faber will join us with details on the type of changes, if any, that we could see coming at ge. >> a friendly activist story they are calling it. >> so far. >> pharma is under fire, though. it's actually a laggard in this rally. valiant pharmaceutical shares with sinking after that piece about how the biotech company has been increasing drug prices. we have on whether other biotech companies to be under this political fire. >> twitter shares are popping today, the company officially finally announcing a co-founder jack dorsey will become the new ceo, but will he be able to handle the twitter job and take his other company square public? that's something we will ponder a little later. >> that is the question for investors. plus, the hunt for yield, new data showing retail investors are flocking to dividend stocks, we will tell you which ones are getting the most love from retail investors. there is a little hint. exxon, chevron and verizon. >> a couple others, too, they are following right now that don't make a whole lot of sense. sara and i have been trying to make sense of this

the night. so wi got a job!ews? i'll be programming at ge. oh i got a job too, at zazzies. riends gasp) the app where you put fruit hats on animals? i love that! guys, i'll be writing code that helps machines communicate. (interrupting) i just zazzied you. (phone vibrates) look at it! (friends giggle) i can do dogs, hamsters, guinea pigs... you name it. i'm going to transform the way the world works. (proudly) i programmed that hat. and i can do casaba melons. i'll be helping turbines power cities. i put a turbine on a cat. (friends ooh and ahh) i can make hospitals run more efficiently... this isn't a competition! >>> i'll show you where we are on the dow. down five points. not a lot of movement. set to turn in its best week in months. in terms of the leaders, we have apple, united hale, a ed healthd technologies. intel, exxon, and goldman sax are the big drags. intel down 1.5%. industrials are the leading sector in general right now. >> thank you very much, sara. halloween just around the corner, and that is good news for one man who has turned his halloween franken fruit,

oats to saturday night roll how playing a supporting role turned the guitar wizard into a star. >>> in our culture segment tonight, guitarist gemith, the former leader of the saturday night live band. for decades he's been tabbed tapped to back the biggest name in the music bix. david bowie, bob dylan. i asked smith when he first realize music was his passion? >> when i was 4, i went down in the basin with my mother. she was going.laundry. i grew up in straussbergburg spenz. there was a guitar that blomd to my uncle george. a guitar. can i have it? it's been hanging here for 10 years. take it. that was it. i was obsessed. >> he probably would get the award for most talented guitarist with the most expressive favorite. do people ever talk about those poses on saturday night live? >> not everybody liked it, you know. so what are you going to do? you can't please everybody, no. it makes me happy when i play. that's the only time -- people say, are you nervous, you know, when you go on stage in front of all of these people? i say, no. that's the only time i am not nervous. the rest of the time in my life, i am nervous, walking aro

scholl's dreamwalk express pedi >> so many big calls of the day today. first up, geded by william blair to outperform. says the company is emerging as an industrial growth company. steph. fwloo yeah. so this analyst, nick heymann, he has been in the industry for a long time. in fact, used to work at ge. hasn't had a buy on this thing for five years. he clearly believes in the restructuring and the repositioning of the portfolio to becoming more of an industrial pure play. i like it. i like the story. it's been a very good performer in the strl space. i think there's more to go. this is an underowned stock by pm's around the world. >> shares could double by 2020. you buy it? >> i like it. i do. yeah. >> arch call and peabody energy to underweight. swroes ef. >> let's first talk about the sector itself. i think eventually you will see tech resources. you will see console energy come out as the winners. now let's talk about the value of the note. $174 last year. 16 today. taking it from neutral to underweight. putting out a note at this point at $16 placing at an underw

tomorrow, we have the new ge cmo. you did on a missed that conversation.is it for today. -- you do not want to miss that conversation. that is it for today. ♪ ♪ from our studios in new york city, this is charlie rose. lisa monaco is here, president obama's chief homeland security advisor. wideole in compass is a range of critical issues that affect u.s. national security. they include the campaign against isis and cyber security. she is also at the head of situation room briefings on immigration and other issues. she also made it the adminiti

the g ge has alwayss been a family passion. baseball, softball, a diamond and a bat were all that mattered. so when moe's old team folded ten years ago, it was matt who came to the rescsc. matt knew that for his father the game was something he couldn't live without. seriously, the comradery, the competition, it's what makes moe moe. >> what do you do when your own kid comes along and says, hey dad, i've got a team, you can play? >> i walked out and that first time was just like right here, right here. it was great. >> reporter: since this is a team based on nepotism, guess who is starting pitcher. >> the moe man. >> reporter: a small concession says moe for winning is all he cares about. >> it's important to me to win, but maybe i'll start to mature in a few years. perhaps. >> reporter: and the rest of the team is all in. >> moe's pitching, we play as hard as we can. >> reporter: it's softball with a family ethos. >> there's nothing better. >> reporter: nope. nothing better. rry smith, nbc ws, boston. >> w w to go, moe. that's