Alley. Im john fortt here at post 9 with michelle carusocabrera, mike santoli, carl quintanilla, and sara eisen have the morning off. General electric, meanwhile, slashing its dividend in half. The first cut since the financial crisis, and its shaking up its core business shares sliding right now down more than 4. 5 Morgan Brennan is at ges investor day in midtown manhattan and joins us now ge cutting its dividend by 50 in what is from a dollars and cents perspective the biggest reduction ever by a company excludeing the financial crisis, but the street expected that thats not why shares are falling right now. Why shares are falling, because of the guidance, so new 2018 eps forecasts, a dollar to 1. 07 per share, Free Cash Flow 6 to 7 billion, also disappointing, lower guidance and as one analyst just pointed out to me, the 6 billion in Pension Funding next year is excluded from the disappointing eps forecast meaning, the numbers may be worse than the optics are suggesting so one key d
Former bush 43 spokesperson mercedes schlapp. Is this latest distinction, mercedes from the Obama Administration, president obama himself purportedly he had given the new president to be a heads up on general flynn a game changer . How would you describe it . I dont see this comment from these Obama Administration officials to be necessarily a gamechanger in any way. I think that President Trump at the time did have faith in Michael Flynn. I do believe that following what we have seen in these events that happened in the months, in january, february, where flynn had to resign, flynn continues to be that reoccurring nightmare that does not to away for the Trump Administration. Were all anticipating see what happens with the sally yates testimony which i think will be very telling in terms of these warnings that were given to the Trump Administration. But i just dont see it necessarily, what this actually brings what is a gamechanger, after the president and his team said no longer they
Verdes. Sarah eisen and mike san tolly holding down the fort at post 9. The nasdaq hitting a fresh record high. A number of big names taking the stage on day one. From his relationship with washington to Driverless Cars to an impact on society. It is recurring panic. People get all amped up that they are going to take the jobs. The jobs that were taken by the auto was 1,000 x, the number that the black smiths have. They call it the labor fallacy, which is technological change causes productivity growth and that lets us produce more of what we can already make with less resources and lets us create. Thats what frees up the spending power to create lots of new things and new demand. Thats what creates new industries and jobs. 100 years later, we look back and think, i cant believe anybody was ever a black smith. Joining us this morning, Karen Swisher is here with us and walt mossberg. Good morning. It is good to see you both. This illustrates the best the ability to take a moment to pond
We are expecting this statement from james comey tomorrow. Kevin, lets look through what we have here. This was on the dinner between resident trump President Trump and james comey as kevin the wanted president was asking for his loyalty, and was clearly a conversation and a question that made comey feel uncomfortable. On at some length about this, writing about the way he felt an awkward silences, where he was sitting, and said he could not quite promised loyalty because that was not quite appropriate. Overall, it is a remarkable statement, where it goes through a series of encounters, meetings, and conversations he had with President Trump where you have this theme of james comey feeling at various points of awkwardness and appropriateness going on, immediately so to where he would start document to get in the memos that we now know of. Scarlet lets pull up a section of this memo that he documented here. Here we go. The president began by asking me whether i wanted to say on his fbi
We are expecting this statement from james comey tomorrow. Kevin, lets look through what we have here. This was on the dinner between resident trump President Trump and james comey as kevin the wanted president was asking for his loyalty, and was clearly a conversation and a question that made comey feel uncomfortable. On at some length about this, writing about the way he felt an awkward silences, where he was sitting, and said he could not quite promised loyalty because that was not quite appropriate. Overall, it is a remarkable statement, where it goes through a series of encounters, meetings, and conversations he had with President Trump where you have this theme of james comey feeling at various points of awkwardness and appropriateness going on, immediately so to where he would start document to get in the memos that we now know of. Scarlet lets pull up a section of this memo that he documented here. Here we go. The president began by asking me whether i wanted to say on his fbi