but in order for g.e. to be successful in the coming years, i've got to sell my products in every corner of the world. >> i mean, you may personally think of yourself as an american, but your customers are over there. you put your plants over there. you even put research. >> if i wasn't out chasing orders in every corner of the world, we'd have tens of thousand fewer employees in pennsylvania, ohio, massachusetts, texas. i'm never going to apologize for that, ever, ever. >> i love coming to these plants. >> it's great. >> you know, 'cause we actually see stuff getting made. >> getting made. 90% exported from here. >> that's exactly right. >> immelt worked with the president to devise his $447-billion jobs package. and he and his jobs council that's been holding meetings all around the country will give mr. obama more proposals, such as reducing government regulations and spending more to retrain workers. if the republicans say the government shouldn't spend, how the heck are we going to get ourselves out o

g.e.'s huge financial division was waylaid, helping contribute to the company cutting its dividend. but that unit now has the federal reserve's okay to pay a dividend to its parent company, encouraging investors that g.e. may raise its shareholder pay- out. shares jumped more than 3%. volume more than doubled. g.e. financial business will pay a $4.5 billion special dividend to its parent firm later this year. the company's board is scheduled to next consider g.e.'s dividend in december. we saw lots of activity around two retailers today as investors reacted sharply to disappointing first quarter results. first, j.c. penney losing a fifth of its value today after losing more money than feared in the first quarter and suspending its dividend. this is penney's lowest share price since october. teenage clothing seller abercrombie and fitch fell 13% to a new 52-week low. the company blamed europe for revenues coming in short of expectations in the first quarter and for dropping its sales outloo

what do you anticipate out of g.e., bob? >> g.e. is a company that suffered deeply, selling for well over 60 before it got into trouble and it dropped down to less than five. now it's 19. it's raised its dividend four times since 2010. i think it's going to keep increasing its dividend as its earnings have improved and its technology divisions are doing quite well. i think you see more dividend increases coming as earnings rally, and so i think g.e. is a good stock to buy in this era. >> tom: you also like johnson & johnson, another company that has been troubled not because of financial troubles but it's had a slew of manufacturing and drug recalls lately. do you think that's been able to put it behind it? >> that's right. well, the johnson & johnson used to be the premiere company in the health trade business, but they stumbled. the management has been changed somewhat, and also gotten rid of some of the problem products. as a result, the stock trades on a lower multiple than the rest of the drug industry that prevailed fora quite

., you want to defend g.e.? >> yeah. i think it should be a flat rate and we haven't are the problem of who pays and what doesn't t. should be across the country in general. everyone should have a flat tax. >> congressman, is there a chance to bring this group together? in washington? can you achieve some sort of bipartisan compromise? >> i think that everything everyone has said, we agree with. we have to cut spending. have you to balance the budget. you can't just cut spending -- >> do you agree -- >> we don't have a budget. >> but i want to actual, when bill clinton left office, the last democrat before obama, we had record surplus -- in 8 years of george bush, with a republican congress and a republican president, six of the eight years, the republicans did nothing to cut the deficit. the deficits went higher and higher and higher -- [overlapping dialogue] >> no, no. so this is something -- but, you know what? we fought two wars on a credit card that we were not paid for. okay. i think what i am trying to sa

of g.e. jeff immelt he was on the board of the new york fed the same time the fed authorized an emergency loan of sixteen billion dollars to g.e. and in two thousand and eight the chairman of the new york fed sat on the board of directors for goldman sachs when the bank applied was approved to become a bank holding company allowing goldman to receive billions in federal reserve loans also the g.a.o. found that at least eighteen current and former fed board members were affiliated with the banks and companies they received emergency loans from the fed so do you think this bill is going to go anywhere because there are a lot of vested interests that will not want to even i mean it's a it's a small i mean i applaud british senator drawing it but the entire i mean bernie sanders wants to take this the federal reserve has taken in treasury all right i think you just get it all together and you have the same conflicts i mean come on one of the first it was i did it was very private it's run by the

leaves keep this inside g.e. to koori the room. then each. make to feel. in the mix. civilization notice their absence. is their life outside civilization possible. to tell stories from artsy egypt worst clashes in months leave at least twenty dead and over a hundred protesters injured accusations that the military rulers are complicit in the violence adding to the concerns about the country's stability ahead of a presidential election. from russia's warning it could make a preemptive strike against nato planned missile defense shield field of the system deployed and significant. tension existed between both sides because t. telling its opposition to the project for a major conference in the city as the us refuses to curb the planned despite russia's objections. that american chinese relations are tested as hillary clinton does high stakes visit to beijing is overshadowed by controversy over a local dissident who was given refuge in the u.s. embassy this latest dispute comes more tensions continue to rise over the american military buildup in the pacific you're up to

firms such as g.e., honey well, caterpillar, and a number of others. now most recently the administration worked with congress to make sanctionable a host of transactions involving the central bank of iran. and we are now working with partners to implement this new law in a way that maximizes pressure on the iranian regime. and the regime is feeling the pressure. there's no doubt about that. in fact, you don't have to take my word for it. here's what iran's president, mahmoud ahmadinejad, said about sanctions to iran's parliament late last year -- and this is the guy who a year before had told the same audience that western sanctions were a hanky that he blows his nose in, okay? this is -- it's not exactly a refined guy. [ laughter ] >> anyway, this is what he said much more recently. "the west has imposed the most extensive and dastardly sanctions ever. every day, all our banking and trade activities and our agreements are being monitored and blocked. this is the heaviest economic onslaught on a nation in history." that's mahmoud ahmadinejad. now the

they've escaped this inside g.e. to careen the room. to grow spinach. make to fool. civilization notice their absence. but is there life outside civilization possible. good lumber tour. was to build a new age most sophisticated. learn about anything mission to teach music creation why it should care about you and. this is why you should care only. wealthy british style wholesome. markets why not. find out what's really happening to the global economy cause a report on. protesters throw smoke. and clashes with dr. anton government with a number of opposition leaders arrested after apparently and citing crowds to define police orders to move. socialist francois wong france's presidential election beating lazzaro zeal with fifty one percent of the vote to become the country's first socialist president in seventeen years. and a leading human rights activist from brain is arrested just days before r t is set to air his interview with. a violent crackdown on protesters and. it will bring you the latest action from the world of sport. and i welcome to this cause yet another

of g.e. jeff immelt he was on the board of the new york fed the same time the fed authorized an emergency loan of sixteen billion dollars to aig and in two thousand and eight the chairman of the new york fed sat on the board of directors for goldman sachs when the bank applied was approved to become a bank holding company allowing goldman to receive billions in federal reserve loans also the g.a.o. found that at least eighteen current and former fed board members were affiliated with the banks and companies they received emergency loans from the fed so do you think this bill is going to go anywhere because there are a lot of vested interests that will not want to even i mean it's a it's a small i mean i applaud british senator drawing it but the entire i mean bernie sanders version is going to take this the federal reserve has taken the treasury all right i think you just get it all together and you have the same conflicts i mean come on one of the first is i didn't notice any private it's ru

they've escaped this inside g.e. to greet their old. civilization. notice their absence. but is there life on science lizzie should be possible to. him a. female. him if picked.

is a fermi to a mark one there just outside of detroit but basically now the focus is on all these g.e. mark one and they have now folded in the mark two reactors because they have this vulnerable containment which now has been demonstrated at fukushima with a one hundred percent failure rate when faced with a severe accident all six one well the first the three operational reactors units one two and three they failed under these severe accident condition and they generated this hydrogen gas which then was vented into unit for an exploded and fortunately five and six were not involved yet but again we're concerned and in fact right now the united states nuclear regulatory commission and the u.s. nuclear industry and the public interest community are now all engaged in this you know exactly how do you deal with a demonstrated failure we've got twenty three of these reactors here in the united states and eight of these more two so that's you know that's thirty one reactors that are vulnerable to failure just just very quickly we're pretty much out of time here but has the japanese govern

leaves keep this inside g.e. to greed the room. beneath. me to feel. civilization not is their absence. but is there life outside civilization possible. the book is. supposed to. be a and . wealthy british style sun. rises. high. market why not. come to. find out why.

keep this inside g.e. to greed. civilization. luke. welcome back to watching our team here's a look at the top stories from left to right almost every political grouping in between march and russia this may day but the country's fair election movement is biding his time until the weekend. digit set to vote for its new leader of the country's vile tourism industry is hoping democratic war will help it bounce back however there are concerns that islam is growing power will stifle it further as fundamentalists want to ban alcohol and beach tourism. and the world's top was a lower joyous songs reveals more secrets in another blockbuster interview this time he poses tough questions to the new president of tunisia who was swept to power by a popular uprising watch it later today here on our team.

of g.e. jeff immelt he was on the board of the new york fed the same time the fed authorized an emergency loan of sixteen billion dollars to aig and in two thousand and eight the chairman of the new york fed sat on the board of directors for goldman sachs when the bank applied was approved to become a bank holding company allowing goldman to receive billions in federal reserve loans also the g.a.o. found that at least eighteen current and former fed board members were affiliated with the banks and companies they received emergency loans from the fed so do you think this bill is going to go anywhere because there are a lot of vested interests that will not want to even i mean it's a it's a small i mean i applaud british senator drawing it but the entire i mean bernie sanders version is going to take this the federal reserve has taken the treasury all right i think you just get it all together and you have the same conflicts i mean come on one of the first is i didn't know that any private it's

they've escaped this inside g.e. to koori the room. beneath. me to fill. ups. civilization notice their absence. but is there life of one side civilization possible. wealthy british style stock. markets why not come to. find out what's really happening to the global economy with monks cars are for a no holds barred look at the global financial headlines in two kinds a report on our. live from moscow this is our top stories for you today the terror attacks killed at least eleven russia's north caucasus what police say are the hallmarks of al qaeda suicide bomb. the pentagon draws up and game plans for a rat and posting it could crush to run forces in just three weeks. protests against the ruling generals in egypt right now into fierce clashes with security forces in cairo the military council refuses to leave until a new president elected that's what's happening in tahrir square right now we will bring you pictures all afternoon. and three days before to retrieve leaves russia's top post we assess his presidential legacy a look at what's ahead when he becomes pr

companies include mccormick and company and g.e. youposting it on twitter if want to take a look at that. futures this morning are eight little bit higher. losses driven by concern over global economic growth. g eight leaders urging greece to stay within the euro zone. summit meeting in brussels. amc has a buyout from a chinese offer for more than $2.5 billion, including debt. that is the largest purchase of a u.s. company by a chinese firm. disney brings back toy story. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> a lot of folks are thinking about vacations now. >> we were listening to a story about pickpocket errors. a warning about hotel hackers. more coming up in the next hour. >> you just cannot relax. 5:23. an ongoing problem in sports, athletes concussions. >> don't forget to e-mail us your response to our water cooler question of the day. do you think i'll have another has what it takes to complete the triple crown? you can share your response on wbaltv.com, on our facebook page, or

>> we're not lending money to boeing or g.e. we lend money to boeing's customers or g.e.'s customers. when boeing is selling as we were talking about airplanes to bangladesh or airplanes to ethiopia, we're competing against airbus. airbus would like to make the sale and put all of the jobs in france. i would rather it be in south carolina and everett washington. we're making sure when that airline, ethiopia airlines makes a decision which airplane to buy that boeing has the same financing package that they can present to ethiopia that airbus is presenting to ethiopia and by the way ethiopia is going to be one -- the launch customer in south africa for the 787. >> bill: is that right? >> just parked at the washington national airport the last couple of days. >> bill: i didn't know that one could fly into washington national. the house voted 330 -- so your charter expires may 31, correct? >> yes. >> bill: the house voted 330-93 to renew your charter only until the end of 2014. couple of questions about that. first of all why just -- why such a short time, that's all you get

i mean you have thirty percent of the shareholders which which company was a g.e. a couple of weeks ago had a had a shareholders me over thirty percent of the people voted to say you know what is controlled. executive compensation the executive said you know what is the executive as well their salaries are going down but their stock options are going up and the stock options are only worth something if the company is worth more in the future so it is was paid for performance was ok we got we got it we got to get out of your more rubble after the break. a client of american power continues. things are so bad that might actually be time for a revolution. or it turns out that a program or drug or starbucks has a surprising. you know sometimes you see a story and it seems so you think you understand it and then. you hear or see some other part of it and realize that everything is. ok is a big issue. here is what i. love and they alone are still they'll get the real headline which none of them are the problem with the mainstream media today is that they're completely disconnected from the vi

i mean you have thirty percent of the shareholders which which company was a g.e. a couple of weeks ago had a year old me over thirty percent of the people voted to say you know it's controlled. executive compensation the executive said you know a lot of the executives as well their salaries are going down but their stock options are going up and the stock options are only worth something if the company is worth more in the future so it is was paid for performance was ok we got it we got it we got to get out here more rubble after the break. it's part of american power continues. things are so bad that might actually be time for a revolution. i return to the program or drink a starbucks says a surprising him. you know sometimes you see a story and it seems so you think you understand it and then something else hears you some other part of it and realized everything is. welcome to the big picture. of what i. love and they alone are so they'll get the real headline that none of them are the problem with the mainstream media today is that they're completely disconnected from the viewers an

the criticism of our ceo, i should say, the former head of g.e. jack welsh said, it is outlandish to suggest that rupert murdoch is anything less than perfectly fit to move the organization forward. i see nothing but integrity from him. he has nothing been straightforward and above board with all interactions with me and his council age us on and innovative moves have been a source of inspiration to me. that is from jack welsh. the committee has to decide on the punishment for the three current and former executives which is accused of giving misleading information about the scandal. >> on this day in 1927, britain imperial airway served the first in-flight meal on a flight from london to paris. at the time, passengers trips were rare and in-flight meal was an absolute height of luxury. a steward in a white sought served whiskey, beer and, of course, biscuits and tea. a lot has changed. you are lucky to get pretzels today. that was 85 years ago today. now you know the news for this tuesday, may 1st, 2012, i'm shepard smith, now here is bill o'reil

g.e. very minor vulnerability. not alcoa. it has taken drastic action to bring its cost down. i've got to wonder, though, despite their total commodity orientation, it doesn't get saved by aircraft, turbine and auto build. let's say it's somewhat vulnerable. the retailers are suddenly resilient. if they haven't hit walmart more off this mexican scandal, i don't see much vulnerability going forward. after going through home depot's conference call last night, i was shocked to see that stock went down as much yesterday at all. of course, it's snapping right back. by the way, both walmart and home depot seem inoculated against europe by their largely domestic exposure. speaking of just reporting, disney put up monster good numbers. a new multi-billion-dollar brand. avengers didn't even exist 21 days ago. robust theme parks and ad rates, disney has to be one of the most -- least vulnerable stocks in the dow. it's getting a huge tail wind from lower gas prices. the recession the one from benefit from the commodity collapse. not only are they not vulnerable, they seem to be actually

the group has also held similar protests outside shareholders meetings for wells fargo and g.e. nasa, predicting another massive solar storm heading our way much the giant sun spots you are seeing here are more than 60,000 miles wide and appeared this weekend. they are likely to ignite huge flares from the sun's surface and bombard earth with tiny particles. sounds a little scary. solar storms can disrupt power and knock out your gps system. hopefully, that will be the only extent of your damage. i can look at these pictures forever. >> it is always the nasa photos. it is really beautiful to see. >> you don't use gps, anyway? >> oh, yes. >> i am going to leave the great driver thing right there. >>> in a moment, we will turn to this hour's big breaking story, president obama's decision to support same-sex marriage. we will watch and listen to his personal evolution on this issue. >> the truth about last night's election results. the voters sent an important message to democrats and republicans. we have product x and we have product y. we are going to start with product x. the on

jack welch, when he ran g.e. as a big growth company, rather than now they feed off the government, he says, it's the job of a leader to identify the bottom 10%, give them a chance to improve, get rid of them if they don't and bring in new blood. if you get rid of people by atrittion, the bad people stay and the good ones leave. that's not management. this is the so-called hard-core businessman, romney? >> greta: i am so disappointed in these agencies, like they have training sessions to teach people how it talk to others. i think to myself, really? you know, we are paying for that? i mean, the stuff that we pay for -- >> that's government. >> greta: the magicians and the porn and the -- the tub and all of that stuff. what is -- it's even more disturbing is that we are paying for conferences where people are learning how it talk to each other and learn to do their job. why don't we hire them after they know how to do their job? >> that would be good. but look, we are fighting what you are imprinted to believe. i

i have a lot of admiration for the way he ran g.e. i don't think their special interest or big corporations are the problem. i think desire to be in power is the problem. short term thinking is the problem. you think short term because you have an election coming up. i think the pair dox in america, what america is looking for is leadership. people are willing to speak to them like they are adults. talk about the real problems. then say here are the solutions. let's work on it. >> you have a section in your book, practical steps for the citizen. one step they can take is the position of term limits. now we have, theoretically, term limits available to us called the election process. how do you impose term limits an when did you come to believe it was a critical component? >> i believed it from the first time i ran for congress. i said i would serve three terms and go home. i did. if you look at history, look at the early first 100 years of this country. we didn't have long term politicians. people serve for a period of time and went h

more taxes than g.e. they filed 57,000 pages of tax reform and they were one of the highest tax payers in china. you've got a g.e. tax paying amendment, i'll take it tonight. but every dollar is not the same. let's cut eric holder more than we caught director mueller. let's cut some climate issue over at noaa where nobody knows more than we cut cyberterrorism. let's cut something else rather than cutting the v.a. backlog to take it across the board, that's just not a good idea. across-the-board cuts, i think the gentlelady had -- it really does impact the work on the bill. it says $1 in one agency is just as dispenseable as any other agency. i agree we've got to do everything we can. i was one of the people here, i support simpson-bowles. i never signed a grover norquist tax pledge. i want to do whatever we can to deal with this issue. i want to put everything on the table. but now we're going through the appropriations process now and to go across the board, f.b.i. and eric holder, i'd take $2 from eric

. >> with companies like g.e. -- not g.e., g.m. pulling back advertising dollars, will an investigate in facebook really pay off? let's ask stuart varney because he's here. let's do a little bit of the back story. >> you want investment advice from me? >> i want to do a little bit of back story in case people have not followed it completely. some people are apprehensive now about getting into facebook now because general motors decided to pull their advertising from facebook and people then say if one of the biggest companies in america is doing that, is there something wrong with it? >> there's two sides to the fence. let's take the anti-side. those people who wouldn't touch facebook with a 10-foot pole. they say you can't make money out of it. no one has invented a way of making money and pulling in revenue. got it? other people say it's a passing fad. it's gone up, maybe it will go down in the future. >> like a.o.l. >> like a.o.l., for example and at $100 billion right from the get go, that's way out of line with its potential p