World, and we have a team across east to west coast to see how the demand looks. And check out this guy on the right of the photo there, on the right. Look at him there. All right. You think you would wear a suit if you are going to meet the president . Zoo jeff immelt is on a mission to refashion the company. The stock up 50 over the past five years, but still lagging the market overall. Dominik looking at ge stock vefrsz its rivals. First, though, Mary Thompson at the nyse with a big question. What is ge now, mary . Well, it remains a conglomerate, as we all know. This is a whoa moment for ge. Certainly the most dramatic transformation undertaken by Ceo Jeff Immelt in his 14 year tenure. Lets look at what he is trying to do here. Last year the industrial profits accounted for 58 of ges total. He wants to get them up to 90 and in the meantime shrink ges capital profits to 10 . How will he do this . He is going to sell hundreds of billions of dollars in assets. Currently ge capitals as
This victorias secret star balances it with an ad director. I am Erik Schatzker. I am flying solo today. Stephanie ruhle is off, getting a long weekend out of it. Beenobless rate has not this long since october 2 thousand eight. Once again, it is not necessarily a positive. Welcome back. Theome back to figuring out jobs report. Michael mckee is here with the highlights of this mornings data from the labor department. I hope youre not here to tell me this was a good report. I do not believe it. Were going to agree to disagree. It was not a great report but not a terrible report. I would take issue of your characterization of it as that. It is only the establishment number that came in much lower than expected. We did we did see a job and the Unemployment Rate. We see more people getting jobs, 638,000. Whether you believe that are not. A big change in the household survey. We also do not see a big weather if that in this. You have to wonder whether theres something going on in the econom
Good Economic Data out this morning. Often when you get a new high you tend more often than not to get a high the second trading day and it looks like we could be doing that for the s p. 1910, 1900 was the new record closing high which is bringing up a different kind of conversation. Inflation, suddenly. Were talking about that. Were talking about the dreaded iwith the word and implications potentially farreaching from the fed to your investments. If the people were going to talk to are right, two top names, David Rosenberg and ian shepherdson, both of them coming up on the program. Yeah. Ive got some anecdotal evidence of inflation and im sure everybody out there does as well. Also, is this video holding up a 3 billion deal between apple and beats . Remember dr. Dre now infamously bragging on that video that he was becoming the first hiphop billionaire, but now reports say that this video could be why that deal has been dragging on, and we dont have anything. Well speak to the reporte
Disclosure, empty and herbalife shares have their best day ever. Good morning. I am watching i am erik sheth i am Erik Schatzker. Stephanie is out today. Lets begin with the newsfeed. It has taken almost six years, but today the sec is poised to approve an overhaul to the 2. 6 trillion money market, closing one of the scariest chapters of the financial crisis. Require prime market new rules will require prime money market funds to drop below the sacred one dollar a share. Money market funds sold to Retail Investors will be exempt from the new rules. Big presentation on herbalife yesterday turned out to be a moneymaker for investors on the other side of his short. Carl icahn, herbalifes biggest shareholder, made 234 million as the stock surged. Other big winners include george soros and richard parry. The owner of the l. A. Clippers cries foul again. Donald sterling is suing his wife and the nba accusing them of fraud over the planned sale of the team to steve ballmer. Sterling says he
Have chinese central bng. People saying that peoples bank of china injecting liquidity into the system and concerns of underlying the shakiness globally of markets and those macro worries of the chinese economy and willing to we should put it this way. One central bank or another or all of them. Upstaged our own fed. Other thing thats happening is a shocker in the Hedge Fund Industry. The California Public employees retirement industry, the nations Largest Pension Fund and done investing in hedge funds. This, again, one of the first to go into the investing in hedge funds. Saying the results dont justify the high expenses. Speaking to a reporter that broke the story and find out how the Hedge Fund Industry is reacting. Yeah. Could be the tip of the iceberg. Thiss the fear in hedge fund in business. If the biggest goes, would others follow . Well talk about that coming up. A lot of excitement, of course, the alibaba ipo on friday. But our own Herb Greenberg isnt sold on the chinese ecom