Changing of the guard at General Electric. Chief executive jeff imelt will end his tenure this summer after nearly 17 years. There is a shift in the companys focus but was under pressure to increase the price of the stock which is widely owned by longtime investors and mutual funds. Taking over the top job is John Flannery who heads up ges health care division. Investors like the news sending shares up 3. 5 . Morgan brennan has more on the future of ge, a company that was an original member of the dow the change at the top of General Electric comes after 16 years. Over that time, there have been many grumblings about the stock price, a fact that hasnt eluded the man soon to be in charge. No ones happy with the stock price righ or some of the cash, you know, pictures that weve had. We know we can be better at those things. So im going to do basically what ive done in the health care business, spend a lot of time with investors, with customers, with employees, listening, hearing what, yo
In our neck of the woods i can see new york city, new york, the focus of all this attention for the big primary on the 19th where you have candidates going back and forth at each other. The weekly standard, mike warren will let me ask you about the republican race and how ted cruz might be regretting those ne york values comments he raised on the foxbusiness network, coming back to hunt him now. Do you think it will reaeally hunt him in less than two weeks. He will be hearing a lot about it from local media in new york. They will ke a lot of hay about those c comments, ted cruz will defend them saying peoplele know what im talkg about, libeberal values, andrew cuomo and bill diblasio, i talked to republicans in new york who say this is the hill of beans, nothing going on here and others say it will come back to hunt him and will b be a problem if he wants to hold donald trump below 50 . Neil the media is holdiding a field day, the new york daily news, i am wonondering outside of new yo
Euro strengthening after reaching a low around midnight. Stock futures edging higher despite mixed Economic Data in the u. S. The Federal Reserves seal of approval banks struggle to pass the stress test shares of citi and Morgan Stanley rise. Bank of america and others lose ground. The first cut is the deepest, box and shake shack releasing first Quarterly Results since ipos and the reaction on the stock is not pretty. Stock futures higher despite a surprise drop in retail sales down. 6 in february due to bad weather in parts of the country. Strip out auto sales fell. 1 . Claims fell more than expected last week down 36,000 to 289,000. We knew autos were going to be weak, and they were. Yeah. Februarys a weak month in our country, which is so funny because we are so used to thinking about one number, the employment number that we got. Everything else was just punk. The weathers very very important but a remainor to those saying like Richard Fisher departing the fed, its important that
Go on to a second look at firstquarter gdp later in the week which may decline. Thats a rear view of the First Quarter but radioshack is the only company of note reporting. Their store were i live is gone. Its a train wreck. Lets do a data check. Equities are better than good. A record high in the s p 500 and we advance further. The euro is off the key elections. Vxx shows the good news in a quite markets. Goal begins a decline, still and arrange but nevertheless 1284. But weaker yuan and the indian rupee turn as they have a new government. Here is the minimizing shareholder value of astrazeneca. That is painful. Table,as a deal on that 53 pounds, 50 pence and now its trading like 42 because there is no deal. We looked at the newspapers and scarlet fu did that. There is a lot to go over with the elections. I want to start with ukraine which has a new president ends in his excess on the battlefield. The governments of the military has significant significant losses from rebels. The its
Deliver theama will commencement address at west point 11 00 today. We may get some indications about Foreign Policy. He was speaking about the military pullout of afghanistan. Ian bremer will join us as well. Lets do a data check. It just goes higher. The 10 year yield is 2. 49, a euro, hydrocarbons are elevated as well and the vxx is the complacency, gold has gone south. We spent some time looking at gold yesterday. Critical support is 1219 per ounce. Is a big theme for us today this is the vxx rolling over. We are through one standard deviation and in a zone of complacency. This is the lowest we have seen in a long time. Thats why the banks are having trouble trading. We will talk about this today, the complacency out there in the markets. We have looked at the front pages adam johnson . We will start once again in europe where ges jeff imelt met with the french president france francois hopllande. Alstom makes tgv. Just talking about queens this morning . Area ofis somewhat your me