Hitting the stock, costcutting, threat of dividend being cut. We have everything you need to go going into the report plus full coverage and also of the Conference Call, we will bring you that as soon as it hits the tape. Coming up, plus broader markets this morning looked like this, futures indicating another rally higher after last nights budget vote, this market will not quit, up 100 points at the open is what we are expecting this morning. In europe gains across the board as well. Take a look at major indices in europe, ftse up a third of a percent. In asia, overnight, markets taking a cue from the u. S. , higher, shanghai in china up, hang seng up better than 1 . New concern for flyers to report, faa warning that laptops and checked bags can cause explosion and calling on airlines for ban of laptops and the ratings are in. Consume ir report out with most reliable cars, only one brand cracking the top 10, thats buick, we will tell you who top it is list coming up. Plus victory for
Dovish fed, the spread continues to steepen. That is more on tax reform, 78 basis points is the difference. The pound just turning positive. A macronmerkelmay lovefest over the past few days. I do want to bring in breaking news over the last half hour from ge, a huge mess on earnings at . 29 a share versus estimates that . 50 a share, and it cut its fullyear forecast. The oil and gas environment remains challenging for its spinoff of the baker hughes ge business. What was the huge mess on earnings and revenue came in stronger miss on earnings one revenue came in stronger . Typically on an earnings day it moves just about 2. 8 . What doesions about it do to flannery, the ceo . David it is typical for a new ceo to clean things out, but this is really a big one. Jonathan it says a lot what was going on and maybe for John Flannery, he has the appropriate whipping boy to drive things forward. It gets a decent position because these are just numbers and got his. David he has got to come up w
More on that in a moment. But we begin tonight with a company that is an american icon, albeit today a tarnished one, General Electric. Today the company missed earnings forecasts by a lot, a stark reminder of the work that lays ahead for the new ceo. He summed up the quarter by sayi, our results are unacceptable, to say the least. Early today, wall street agreed. But after falling sharply, the stock made an about face, an abrupt one, embarking on its biggest comeback since 2009 and finishing up 1 . Morgan brennan takes a look at the quarter and what may be ahead for ge. Reporter for General Electric, its all about restructuring. Still, the oldest stock in the dows new Ceo John Flannery says everything is up for review as he begins to make sweeping changes at the struggling company. Ive spent really 90 days exhaustive review of the whole company, so the businesses, our culture, corporate spending, everything at the company has been up for examination, every stone turned, no sacred cows
The only reason we know that tonight is because the legal Public Interest organization Judicial Watch sued for those documents two years ago. Thats right, two years ago and the state department has yet to produce even half of those emails. We will be talking with Judicial Watchs director of investigations Chris Farrell tonight about the mammoth corruption in our nations capital. Also tonight there is no explanation for why the Justice Department has not lifted a gag order against an fbi informant who has provided testimony and evidence against the clintons in collusion with russia. The informant says he witnessed how russians sought to win favor with bill and Hillary Clinton and to influence decisions within the Obama Administration. Tonight we will talk with the fbi attorney and the House Oversight committee is now looking into the obama era uranium one deal their results in a massive payoff to the clintons and their foundation and the transfer of 20 of u. S. Uranium to the russians.
Tonight is because the legal Public Interest organization Judicial Watch sued for those documents two years ago. Thats right, two years ago and the state department has yet to produce even half of those emails. We will be talking with Judicial Watchs director of investigations Chris Farrell tonight about the mammoth corruption in our nations capital. Also tonight there is no explanation for why the Justice Department has not lifted a gag order against an fbi informant who has provided testimony and evidence against the clintons in collusion with russia. The informant says he witnessed how russians sought to win favor with bill and Hillary Clinton and to influence decisions within the Obama Administration. Tonight we will talk with the fbi attorney and the House Oversight committee is now looking into the obama era uranium one deal their results in a massive payoff to the clintons and their foundation and the transfer of 20 of u. S. Uranium to the russians. We will talk with congressman