Flanneryw ceo jeff as the new ceo. I love the job, the company. Andink today is confusing, on the other hand so interesting. Iran gen 2008. I ran ge in 2008. It was bad every day. David joining us now is a bloomberg as dus analyst for intelligence. Why now . Jeff immelt had been getting pressure from all sides. Theystepped it up when initially bought into the stock. Would be passive investors, and when the numbers did not come through, they stepped up the heat. That was part of it, but it had been coming from a lot of different directions. David why hasnt jeff immelt been able to get the stock up . 2009, he did get a nice bounce as he started to redirect the company. Is a questionat among a lot of people. Shrunk ge capital, went back to the industrial base, started a major Digital Strategy , but the numbers have not been coming through and people have been upset about the cash flow. It is one thing after another that has led to the frustration. , that decided that immelt it is time. Th
Executive order targeting majority muslim countries discriminated on the basis of religion. Jeff sessions will testify publicly to the Senate Intelligence panel tomorrow. The attorney general will answer questions about his role in the firing of former f. B. I. Director james comey. Sessions requested a public event. Bloomberg will have live coverage of mr. Sessions testimony beginning tomorrow at 2 30 wall street time. This is bloomberg. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. This is bloomberg. Caroline i am caroline hyde. This is Bloomberg Technology from london. Coming up, the tech selloff goes global. Investors blaming the sectors biggest names. We will analyze every turn of the worst two days contact this in tech this year. Uber ousts its head of business. We have the inside track on the surprise exit. The mayor of london joins us at the launch of london tech week for a bloomberg exclusive. First
Our road map begins with ge, immelt is set to retire this summer the tech stocks are on track to tumble apple under pressure missolo downgrades apple first up, jeff immelt is resigning as the Ceo John Flannery will take over we have talked about immelt and ges trouble just trying to keep pace with the dow. Really since his tenure began. Its the worst performer in the dow since he came in apple hes down 31 some people can always argue at that moment that he came in it was a high water mark. Others have said, listen, he did cut the dividend, but many who cut the dividend i think thats whats happened when you compare him to a honeywell, when you compare him to david cote, even to greg hayes at united technology, difficult to compare very difficult to compare. Meaning immelt does not meet their standard its empirical. Im not saying listen, i know the guys, i know them pretty well, and they were able to reshuffle the portfolios in ways that generated a much better return honeywell did a muc
Service at special counsel, they have said nothing, now mueller is building a legal team filled with democrats, at least 4 prominent members of special counsel team have donated to democratic president at campaign and democratic organizations according to federal election filing, neither speaker ryan nor leader mcconnell have called for muellers removal despite range of conflicts of interest, or for that matter, as Trump White House or justice department. President trump is now building up his baggag legal team in response, hiring his personal attorney to lead president s lawyers and respected of the American Center for law and justice, joining the trump teal last week, he is not ruling out the possibility of firing mueller. President of United States as we know, a unitary executive, president of seek advice of his counsel in government and out side, i am not going to speculate on what he will and not do. Gerri reporter he will join us to talk about how the white house can win over the
Let me tell you this to the American People, if the Attorney Generals Office has become a Political Office thats bad for us all. I want to get to the bottom of that and it should be in the judiciary. The attorney general prepares to testify before congress. The key things we have to get, obviously, his side of the story related to jim comey and these accusations flying out there about conversations that he might or might not have had with russians prior to the election. Oh, my gosh. Severe storms in the midwest. Powerful storm included hail that made it look like a winter snowstorm. It was hailing so bad i couldnt see the end of the driveway standing by the doorway. A China Eastern Airlines jet suffered major engine failure after takeoff in sydney, australia . Hole in the engine and it was scary. The penguins celebrated and almost clocked their coach. The Pittsburgh Penguins again, are the stanley cup champions. I knew it was going to be tough all year, but we kept finding ways. First