Cookbook. Stephanie what a way to start off with a great show and eriks haircut. Erik the top business stories of the day. General electric getting back to its roots. Sawing off the bulk of its finance unit to refocus on the industrial businesses. Ge will sell almost 27 billion dollars of real estate assets and most of it is going to blackstone. Some going to wells fargo. Ge announced the Share Buyback of about 50 billion which would tie apple for the largest of all time. The ceo spoke on a Conference Call earlier. This is an excellent time to sell financial assets. We think the performance in the Australian Consumer value demonstrated our platforms may be worth more outside the company. Erik ge shares up a. 7 five quarters a. 7 a. 75 . If you have not bought the computer for a while, you are not alone. According to Market Research more consumers are turning to smartphones and tablets when they went to go online. Corporate spending helped slow declines and the cycles will be over. Hill
We continue to move to the down side. We should add as we enter this hour, were off about 41 points. The nasdaq, though, bucking that trend. We should show you the tenyear yield as well. Thats been up ten basis points today. That gdp number had a big impact on that. Its up nine basis points to 2. 55 , and the 30years 3. 2 right now, so moving quite higher. But im stealing oh, now its at 3. 30 , as a matter of fact, 3. 31, do i hear 3. 32 . Im stealing Rick Santellis. Troubling reports out of russia and ecrane, things that may be escalating. Stocks may have lost early gains on those worries. Well talk about all that coming up. Also, forget tax inversions. Now outversions are the new Corporate Tax trick. Oh, thats right, yeah. Youve got to look up on cnbc. Com. You wrote about that on cnbc. Com in a story thats getting a lot of interest right now. It involves companies spinning off their Real Estate Holdings into Real Estate Investment trusts, all, of course, blessed by the irs. Some sto
Barely staying positive. Gives you a sense of how much people are trying to figure out whats driving these gains here and just as brian and man dimensioned, some questions again about the chip sector. For weeks this one, whether microchip supports moving to sector, philly stocks down 10 points now, comments about inventories, speaks to the level of nervousness abound. Russell 2000 a lag guard today as well. See how quick our guys are in the booth. Transportation rally, another point of view, down 1 06 points at this hour. I like rich peterson calling the october surprise, not the selloff but 9 snapback off the lows but twoyear point, watch the transport the tell for the first part of the rally. Even when oil is lower, moving in inverse relationship. Into today. Lets talk about it all in our closing bell exchange, jim lowell from Adviser Investments with us, eric from russell investment, melt from came write investment management, Heather Hughes from sun america funds and our up rick sa
Zuckerberg is helping cohost a screening of his documentary that i have been working on and gabby will be working with us on this and the obeah. This event. We are going to have a marriage of unlikely allies. I personally invited people from the gay Workers Center to make sure they come to the screen. We understand that the Silicon Valley interest is far beyond this with engineers. This has to be beyond the dream act and beyond those. It has to be a conversation about all of us. The last thing that i was say is i dont understand this is how people can neglect that next week is the anniversary of the Martin Luther king water drops on freedom. As we preparing for this event, we know this. History will record that in this period of great transition, the greatest tragedy is not the clamor of the bad people but the good people. Far too Many American people have been silent and we need you. Thank you very much. [applause] i would like to turn to the mechanism of why this legislative change i
New york Stock Exchange, on the dow, stocks shaving off early gains, down 35 points, at the new york Stock Exchange, what are you looking at . Dagen, first thing you noted, this could, in fact, be the fourth straight day of losses for the dow and the s p. Thats the longest losing streak of the year, 2013, dating back to december of last year, so if, in fact, we do finish lower on the dow and s p, it will be the first time we had four Straight Days of losses. Dont forget, coming off the six straight weeks of gains, and the bulls had a nice run hitting the record highs, but, certainly, profit taking has been underway. Weve gotten in plenty of earnings, market moving events, and the dollar is lower today. Dow jones industrials, names like caterpillar, microsoft doing well. Up over 2 , american express, home depot, plenty of winners to speak whats weighing on the dow here are big guys, chevron, at t, ibm, intel, and jpmorgan, in the news with the mortgage backedded securities in the mortga