10ye 1 10year yield highest since july the gop does move closer to tax reform what does that mean for investors . Ge is down sharply after a wider than expected Third Quarter miss slashing the full year guidance, revenue did meet estimates in the release John Flannery said this was a very challenging quarter. While a majority of our businesses had Solid Earnings performance this was offset by the decline in power performance in a difficult market. Stay tune for david aegs exclusive with flannery. Talking with squawk about this what are your thoughts is this below 22 yeah, i actually confronted jim immelt with many of these particular issues in my last interview with him and he was very much in denial these things would occur. I point that out because today is flannerys day. This is not a report card on flannery it is a statement that says heres all the things weve done wrong. I think they did very ill advised accounting in turbines and the key phrase here is that ge capital might have
Yes. We havent run this business well those straight answers from General Electric ceo helping a big stock turnaround today welcome to the closing bell, everybody, im kelly evans at the new York Stock Exchange. Clearly a new sheriff is in town, that is for sure im Bill Griffeth. Well have more of that interview with the brand new chairman and ce o of ge, John Flannery and an analyst who says we could be approaching a bottom for the stock. It was down, what was it 8 this morning after those earnings. Down a huge amount. Started coming back. Then especially when davids interview was going on there live on cnbc, stock really did come back at that point. G, e shares now positive theres the Home Builders up more than 1 theres a new emerging trend among millennial home buyers that could prove to be a little bit of a risk to this market, would you say . Wouldnt you think . Well ask bill if hed do Something Like this for his kids anyway. Lets start with todays big rally, up 131 points on the d