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
On their side, of course. At one level, you might worry that the words will run out, and missiles will take their place. But you might ask why its just words, and not weapons yet . Could it be that both sides know their own limitations in any form of Military Conflict . Our diplomatic editor mark urban has been working through the logic. American carriers exercising off korea. But these pictures were taken in may, and none of them are there now. The president seems out of sync with his military and his top diplomats. Today, he emphasised the defensive nature of us precautions. I think what the president was reaffirming his that the United States has the capability to fully defend itself from any attack and defend our allies. And we will do so. The American People should sleep well at night. Tillerson is in tune with generations of american statesman who stuck to Teddy Roosevelts maxim, speak softly and carry a big stick. But one reason he can be sanguine is because americas stick is no
I didnt think about it with the tie. Do you have an orange tie . I do own an orange tie. But you never wear it. I never wear it. Are those pumpkins from last year . No. Those are not. Okay. Can you imagine we had things made exactly like us. I have pictures of those. Those arent actually us, are they, andrew . Remember in the past our face has been on them. Our face has been on them. But not these. I apologize, we are going to talk about the markets. We have breaking news the tell you about, we talked about it a little on friday, but now its official. General electric and baker hughes are merging their operations. Now there was a lot of conversation about whether ge was effectively going to be selling its business. We talked about whether this was all happening at the wrong time. This is now what is happening. They are merging the oil and gas operations into a new company that both companies will effectively own. They are looking to get 1. 6 billion in synergies annually out of this tr
Solid data and everyone watching the pound and those polled in the u. K. That is sort of dominating all the discussion. Whatr we think about could the Brexit Effect have on u. S. Stocks and the first placed my mind goes is financials. That group was leading the way down, but we had some paring back on the end of the day. When you have people like jamie dimon trying to get brexit not to happen. Joe Credit Card Companies all diving across the board after Synchrony Financial warning that it expects right off to rise. Consumer has been one persistent trend, taking a hit and that something we are going to want to watch. Oliver we are also looking at at t and verizon. At t and verizon still involved in a deal for yahoo . Jokes lets take a look at todays record lows in the bond market u. S. Yields taking up slightly. Goingrman 10 year yields into negative territory for the first time, ending right at zero. Yield are looking at that and that is an extra gary chart. Scarlet that tells you every
He is headed into his fifth olympics with 18 goals and 22 medals overall. I am Mark Crumpton and this is bloomberg. Bloomberg west is next. Emily i am emily chang and this is bloomberg west. Coming up, a major miss for tech club but investors do not care. Shares are square. Surging. We asked to toptier vps about the appetite for risk amongst a gloomy, global outlook. Plus, what they think about peter thiel backing them up front. But first, to our lead, investors shrugging off the day quarterly miss from tesla. Loss andker posting a share of 1. 06 much wider than most analysts had estimated. Shares rose 32 but also missed estimates. They have missed on deliveries the last two quarters but says it is still on track to deliver 50,000 cars in the second half of the fiscal year. That and improving gross margin is encouraging tesla goals after hours. Joining us from our perspective, auto analyst and bloomberg do you columnist in portland and cory johnson with me in the studio. Would you call