Last night we told you the widely held dow component was close to a deal to sell its real estate portfolio. What we didnt know is that that was just the beginning. The company is planning to essentially shed its entire finance unit. The first move is a 26. 5 billion sale of most of its real estate and mortgage portfolio to blackstone and wells fargo. But ge is not stopping there. The company will dramatically slim down ge capital over the next few years and buy back 50 billion worth of stock. That buyback ties apple for the biggest single buyback ever. Wall street loved the moves and sent shares higher by about 11 on the day. Mary thompson has our look at the deal and the new ge. Reporter in its most aggressive move in 14 years of ceo, jeff plans to slash the ge finance unit. Once a strength for ge seen as a drag now. We felt from an investors standpoint this was the right time. Reporter right time because low rates mean yield hungry buyers pay for these assets and selling them mean ge
Last night we told you the widely held dow component was close to a deal to sell its real estate portfolio. What we didnt know is that that was just the beginning. The company is planning to essentially shed its entire finance unit. The first move is a 26. 5 billion sale of most of its real estate and mortgage portfolio to blackstone and wells fargo. But ge is not stopping there. The company will dramatically slim down ge capital over the next few years and buy back 50 billion worth of stock. That buyback ties apple for the biggest single buyback ever. Wall street loved the moves and sent shares higher by about 11 on the day. Mary thompson has our look at the deal and the new ge. Reporter in its most aggressive move in 14 years of ceo, jeff plans to slash the ge finance unit. Once a strength for ge seen as a drag now. We felt from an investors standpoint this was the right time. Reporter right time because low rates mean yield hungry buyers pay for these assets and selling them mean ge
North dakota, south dakota, delaware, rhode island, nebraska, mexico, kansas and wyoming combined. D then some. Thats the number of americans who would get thrown off their Health Insurance if this republican thing passes to get rid of obamacare. So that is obviously big and alarming policy news. Its big enough that it is also very big political news. Well have more about the policy side of it and political side of that coming up tonight. That was the news that sort of struck washington like a thunder bolt late this afternoon. Were actually going to start the show tonight on the subject of money. Lots and lots and lots and lots of money. Money obtained by means you would rather not have to explain. If you have illgotten gains, if you have money where you cannot account for its origin, not if you dont want to go to jail and its not a little money that were talking about, its billions and billions of dollars, at that scale, at that size, its very hard to turn that much illegal or shady m
Repeatedly changed their story as to why now, that allimportant question. The president today contradicting himself, his staff, and his Vice President. Here is what trump is saying this evening in an interview with nbcs lester holt. When i decided to just do it, i said to myself, i said, you know, this russia thing with trump and russia is a madeup story. Its an excuse by the democrats for having last an election that they should have won and the reason she should have won it. The Electoral College is almost impossible for a republican to win, very hard, because you start out with such a disadvantage. Everybody was thinking they should have won the election. This is an excuse for having lost the election. Are you angry with mr. Comey because of this . I love the fbi, i love the fbi, i love the people of the fbi. Investigation i think that about the Hillary Clinton investigation . No. About the Russian Investigation and no, i dont and links between let me tell you. As far as im concerne
But it is roughly the population of all of these states combined. 24 Million People is the entire population of vermont, alabama, north dakota, south dakota, delaware, rhode island, nebraska, mexico, kansas and wyoming combined. And then some. Thats the number of americans who uld get thrown off their Health Insurance if this republican thing passes to get rid of obamacare. So that is obviously big and alarming policy news. Its big enough that it is also very big political news. Well have more about the policy side of it and political side of that coming up tonight. That was the news that sort of struck washington like a thunder bolt late this afternoon. Were actually going to start the show tonight on the subject of money. Lots and lots and lots and lots of money. Money obtained by means you would rather not have to explain. If you have illgotten gains, if you have money where you cannot account for its origin, not if you dont want to go to jail and its not a little money that were ta