mary thompson takes a look at both of these industries to find out where the jobs are. >> reporter: for 20-year-old marco shuner flying drones isn't a hobby but part of his education. >> i have loved robotics since i was 5 years old. so all through my life i decided i wanted to do this. >> reporter: he is a senior in daytona beach, florida, one of a small but growing number of colleges offering bachelor degrees in unmanned arial systems or drones. >> we started only three years ago with about 11 students and that grew and has grown to about 230 students. >> reporter: professor alex morot says the school launched the program why? by september the faa will propose rules allowing drones to be used commercially in fields like agriculture, movie making se and maybe even delivery services. >> some people think that commercial market for unmanned aircraft systems could be much bigger than the military market. >> reporter: vice president of aerovironment and is hiring 100 workers this fiscal year to meet demand. once drones are obtained the association estimates the industry here in the u.s. co

for "nighlty business report," i'm mary thompson. >> and now to earning from honeywell. they reported a 5% drop in quarterly revenue because of that strong dollar. the company also cut its full year revenue outlook but raised the lower end of the annual profit forecast as market share gains are projected to offset declining revenue. the stock dropped more than 2% in the trading session. >>> and on to the economy which saw consumer prices tick higher. the consumer price index which measures what americans pay for just about everything increased for the second straight month by .2% in march but compared with a year earlier, crude proiss climbs 1.8%. and the yield of the treasury bond on tenure is solidly below 2%. our next guest runs the biggest bond fund and he's to share about the fund and the fed. he's scott mather the chief investment officer for pimco. good to see you scott, welcome back. >> good to see you, sue. thank you for having me. >> you are outpacing your peers by better than 90% and you've turned that fund around. how did you do it? >> well i'd like to tell y

mary thompson has the numbers. >> while in the midst of the l crisis goldman sachs numbers packed a punch. >> i thought the results were quite impressive. >> the new york based bank posted the highest quarterly revenue in four years and highest profit in five. thanks to the profit in trading business which generated more than half of the billion dollars in revenue. on a call, ceo harvey swartz said the higher rates in the u.s. and lower rates in europe spurred clients to take action. >> the largest economies had a significant impact. >> all of the goldman businesses investment banking, agoet managements and the firm's investment and lending portfolio contributed to the more than $2.8 billion in the first quarter benefits from a tax rate and the result an increasing measure of roe hitting almost 15%, prompting praise rating goldman as a neutral. >> i thought it was higher quality from goldman this go around than other quarters. >> and many are seeing goldman to vindicate and they didn't risk trading and bulk up on steadier businesses like asset managements, something some critics felt they

thanks so much mary thompson at the exchange. >> it's funny, some people disregard this. go to jim cramer on twitter, this is totally religious freedom, jeff immelt aren sorenson mickcmillan. >> final four coaches. >> they're not saying religious freedom. >> ibm got involved and the arkansas law as well applauding the -- >> these are people from left and right. they're not known as being bomb throwers. maybe it started with mark benioff who has some leaning, but these people aren't -- they're -- i mean is walmart afraid of costco taking -- losing the business to costco if they discriminate? >> ed meese in "the washington post" with a nice defense of the bills. >> who are the ceos? >> conservatives are not aggressors. >> which ceos have come out, which fortune 500 companies? you know any ceos that said this is a great law. >> no i don't. stepping out to defend it is probably -- >> why? why? people have conviction. >> i know. typically you don't see corporations take one side or another. they're in the business of trying to get as many people as possible to use whatever pro

mary thompson has our look at the deal and the new ge. >> reporter: in its most aggressive move in 14 years of ceo, jeff plans to slash the ge finance unit. once a strength for ge seen as a drag now. >> we felt from an investors' standpoint this was the right time. >> reporter: right time because low rates mean yield hungry buyers pay for these assets and selling them mean ge may be clear to come out from a stricter regulatory regime mandated for ge's systemically important. the news sent the stocks on a 52 week high earning praise from investors. >> i think ge is doing the exact right thing. now you can understand the company. >> reporter: the structure puts ge on the path to be a pure industrial play a company providing tools to build out infrastructure around the globe and one that won't be penalized for its financial business. >> at the end of the day, being able to rerate the company is a premium industrial company with a very small financial service business that really complements the industrial assets is really a value-creating move. >> reporter: struggle to generate stocks up

now, mary thompson has been reporting on this story for us from indianapolis. she's back in the studio now. and walmart issued its statement urging the governor in its home state to send that bill back not to sign it. what was the response? >> governor hutchinson didn't veto but asked legislature to recall it or made it more like federal law. this is a surprise as enacted the changes before it was passed but said he'd sign it any way it came to his desk. noting these reflected generational splits in the u.s. said his own son asked him to veto it. walmart tweeted the supports religious freedom and encourages the legislature in arkansas to create a bill that doesn discourage discrimination. >> what changes does hutchison want? >> to look more like the federal law. this might mean changing language to give businesses the same religio individuals and tailoring language. wide latitude in claiming something other than a core tentative religious belief is being infringed upon by a state resolution. arkansas bill allows person to person lawsuits meaning i could file a

for "nightly business report," i'm mary thompson. >> by the wa decision is expected on that sometime next week. >>> apple fanatics can finally order the latest igear, the apple watch on friday. will the long awaited wearable gadget be a positive for apple stock and the company with the largest market cap in the land for every mutual fund as well? walter pisac with btic, a financial tech. a lot of reviews came out today, generally positive. have you had a chance apple watch yet? >> i did when first launched but only 15 minutes to use it. i think what i saw with some of the reviews today, one of the positives were for people tht longer than 15 minutes, a full week is that battery life a lot longer than what people expected. on the flip side some concerns about some of the latency of the product but i think those were some applications that were very specific for how those reviewers were using the watch. >> right. for consumers, it will be a cachet a lot of curiosity and so forth but what about for investors? does the apple watch matter when it comes to apple stocks do you think? >> it

mary thompson now indianapolis. >> reporter: facing growing criticism of signed, mike pence submitting tuesday it's taking its toll. >> i tough. >> reporter: change to a religious freedom law that provides legal cover for businesses to discriminate against gays and transgenders. >> i do believe moving legislation this week that would make it clear this law does gi businesses the right to deny services to anyone deemed appropriate. >> reporte clear up what he called mischaracterizations by the law fueled by national media and organizations who didn't understand the law's intent that it protects personal freedoms. but in a speech in new york monday arnie sorenson became the latest to fault the bill calling it pure idiocy and urged to change it soon. >> the opportunity this presents is that it is so manifestly wrong that if we can get indiana not just to change its view but run for the hills quickly. hopefully we can put this kind of non-sense behind us once and for all. >> reporter: it's a sentiment shared by the chamber of commerce. representing almost 2500 companies that opposed the or

back to you. >> mary thompson, thank you very much. time now for a cnbc news update with sue herrera. >>> here's what's happening at this hour. a federal judge approved a potential $1 bhl plan to resolve thousands of nfl concussion lawsuits filed by retired players. the settlement would pay them an average of $190,000. but the awards could reach 1 million to 5 million for younger players diagnosed with parkinson's or lou gehrig's disease. >>> a pot luck dinner turned deadly in lancaster, high. one person died, 23 people are being treated for botulism. health officials in ohio are conducting an investigation. >>> a drone with a radiation sign was found on the roof of the prime minister in tokyo. the drone was testing a plastic bottle which tested positive for a teeny amount of radiation. the landing came soon after a court rejected the demand to halt the restart of a plan the in japan. >>> part space rocket and part super sonic jet, the bloodhound supersonic car is said to be the world's first thousand mile car. if successful, it will a

back to you. >> mary thompson thanks. how are you turning this? >> i'm long at&t and not really a trade. it has a 5.7% dividend yield. they are making this acquisition here. but when you think about their wireless business it's challenged. the things that are going on there, price cigarette going one way and it's not bean profitable way for these guys. to me it's a yield thing. i know have this 5% buffer to the down side. >> well, i mean that 5% yield though to me makes it a little bit vulnerable when you look at the bond market. if we get rising rates your bottom proxy trades will start to couple. i know you're not making any huge directional call. >> keep an eye on the chinese names. china mobile. did you see the record numbers. >> you love that. >> it continues to go to new highs. records the other day. 53 million subscribers. mary said 400 some-odd thousand for at&t. they had 53 million new subscribers for the 4g network. china unicom has more upside. >> let's go to our earnings playbook. kicking off with las vegas sands a big miss on the top

let's get to mary thompson. >> irobot down 3%. lowers the earnings this year. following first quarter results, it came ahead of expectations. the company announced the full year earnings between $1.25 to $1.35 a share. company says home robot sales were up slightly this quarter while defense and security division was up 17%. but that bringing down the after-hours. back to you. >> thanks so much. irobot was down more than 3% going into earnings and now tumbling on top of it. >> yeah. so there's probably not a lot of upside in this one. but let's say you're in it and wake up tomorrow morning and it's down more. $30. that's your support level. it's been that way almost all year. use 30 as your stop. >> i have one. >> what? >> robot. >> what's his name? >> did you put your cat on it? does it ride around? >> that's right. >> that's a shark cat chasing a duck. >> i love that shark. >> did you get new floors? >> i like the meow. >> how long have you had a duck in your apartment? >> shares of -- 1% today. mike khouw is in austin. aka kimmy gibler. >> we did see above a

mary thompson thanks. a lot of fun watching human beings trade the way it always is here at the new york stock exchange. there is more to come. we have more earnings more ceo interviews. more to come on the twitter story as well on the second hour of "the closing bell." have a good show, kelly. >>> welcome to "the closing bell." i'm kelly evans. what a trading session it's been for twitter. quick look another how the markets are closing here because it's been a pretty good day with the dow up 73 points. the highs of the session on the close there. the s&p adding 6 points to 21.14 up about 0 .3%. that nasdaq couldn't turn positive if giving up five points. apple was under pressure despite the strong earning last night. it was a different earnings story for twitter before i bring in today's panel, twitter's earnings were leaked. they were leaked about 40 minutes guy. remember they were supposed to be reporting right about now on "the closing bell." stock getting hit hard because the revenue number missed the

melissa, back to you. >> mary thompson, thanks for that. american express seems like it has a lot of wood to chop, so to speak. >> gave up -- it was up a buck today, gave it back in the after market. you have to give amata props talking about the potential for this to break down. >> what does she use? >> vomiting camel. >> the stock is in a lot of trouble right here. 77 was a recent low. i think it goes right through it. >> i actually would buy american express right here. >> whoa! >> wow! >> one caveat is they don't say anything crazy else on the call. listen to why it was down, strong dollar. we know that is potentially reversing. card spending was up and card spending could go higher because gasoline prices are higher, and then costco canada was an issue as well, but canada could be doing better with higher oil prices. >> isn't this a trend change? people are more apt to get free cards. millennials are more apt to get free cards. it's down 13%. it seems like that was the tip of the iceberg. peep are taking a fresh look going visa, master

mary thompson reports. >> the biggest money for ceo's is in tech and media. >> with all the technologies and significant improvements they bring to american life i think investors are willing to pay those folks. >> a preliminary look at the pay for the ceo's by revenue found microsoft's new ceo taking home over $84 million in 2014 thanks to his $79 million stock grant. oracle's founder and chairman pulling down 67 million. a huge number but 14% less than in 2013. the numbers, courtesy of sec filings, called by the executive research firm looked at firms filing their proxies by april 3rd, the findings put qualcomm in the number three spot with a more than $60 million paycheck tied to an option award. number five cbs health's larry mur low took home just over $24 million. the early survey shows median ceo pay rose 5% last year to over $14 million the average showing no change at close to 16 million. professor robert jackson saying the increase reflects the adoption of pay for performance. >> american corporations have performed well in the last two or three years for a variety of reasons.

and also the story of actress mary francis thompson who as a representative of the chickasaw nation provedor at state dinners for a president roosevelt and was named oklahoma's first state treasurer in 1987. next is this million more, managing martians, by donna shirley who spent 35 years as an arrow space engineer in which she led the team creating the sojourner mars rover, and finishing all the list is a look at the life of cleopatra. so see what another book congressman coll has recommended, visit coal/house.gov. >> here's our primetime lineup. tonight at 7:00 p.m. eastern the argument that's first amendment was created to protect the democratic process. not individual rights. at 7:30 princeton university's patricia kelly talk about how poor people in baltimore are created by the government. then at 8:00, the cargoment hat china is not overtaking the united states as the supreme global power. followed by author john ronson's take on public shaming at 9:00 p.m. eastern. on "after words" at 10:00, grow very nordquist discusses his critique of the internal revenue service. and we wrap up our

first, though, mary thompson at the nyse with a big question. what is ge now, mary? >> well, it remains a conglomerate, as we all know. this is a whoa moment for ge. certainly the most dramatic transformation undertaken by ceo jeff immelt in his 14 year tenure. let's look at what he is trying to do here. last year the industrial profits accounted for 58% of ge's total. he wants to get them up to 90% and in the meantime shrink ge's capital profits to 10%. how will he do this? he is going to sell hundreds of billions of dollars in assets. currently ge capital's assets are about $363 billion. that's as of 2014. they want to get them down to $90 billion. maintaining financing units that will help finance customers of purchases things like jet engines, health care equipment, energy equipment, et cetera. starting, of course, with the sale today of $23 billion, plus of real estate assets to blackstone and wells fargo. this is what ge's businesses are in 2016. it will maintain power and water, aviation oil and gas, health care energy management transportation of course finan

let's get to mary thompson. breaking news. mary? >>> stock spiking on the news. coming from dow jones. according to sources which says ge is close to selling all or part of the real estate holdings dow jones saying the sources tell them ge in talks with blackstone and wells fargo with selling real estate assets totaling $30 billion. keep in mind, of course, ge is trimming the real estate portfolio, but this is a rather major sale. if all the assets are sold, the company indicated it mentment mentwants to trim capital to finance units of the company where units are held. the company is close to selling all or part of the real estate holdings. >> mary thank you. >>> european stocks out perform u.s. stocks year to date. the your best bet europe or the united states? joining us now, the ubs wealth manager, and the manager of the lk balance fund. guys, great to have you with us. steven, you like the u.s. but you like europe even more. even with the outperformance where, in europe can investors find value? >> well i think there's an opportunity for u.s. investors just

let's bring in our mary thompson here with a related story. it least in the health care space, mary. the board at perrigo rejecting this bid. tell us more. >> that's correct. it's a unanimous rejection of the bid. earlier as reuters reported this was expected to happen but in a statement, the company said that mylan's $205 a share proposal to acquire it undervalues perrigo and it would also impede future growth. as expected perrigo, again, declining to accept mylan's takeover bid. this leaves mylan as a target of teva pharmaceuticals which offered over $40 billion to acquire mylan. so, again, perrigo, its board unanimously rejecting mylan's takeover bid. back to you, kelly. >> mary thompson thank you. we've heard from chipotle amgen. yahoo! is out with its quarterly results as well. we've been waiting on this in particular. joshua lipton. >> yahoo! reporting. let's get you those numbers. yahoo! reporting 15 cents on 1.04 billion. remember, the street was looking for 18 cents on 1.06 billion. so that is a miss on the bottom and the top just loo

mary, thank you. mary thompson. let's get to it with our panel. joining me is katherine rampel. cnbc contributor evan newmark and robert frank. "fast money" trader tim seymour joins us as well with a hello to you. evan, let me start with what we learned this week. to some extent we're in a earnings restion andcession and a dealmaking boom. what's an investor to do? >> first of all, i will remind you, kelly, even though you made me sit two seats away from you today, i will remind you on monday i said spring is in the air and it's been a good week in the markets. but i'm not expecting any great, you know, huge bull run in the market. i think earnings will be kind of mediocre. >> but that's my point, which is the tell? is it the fact that for two quarters earnings are basically going to decline or is it the fact we're suddenly seeing a spate of dealmaking activity that's got to reflect some confidence coming back? >> i think we're going to have to look at the economic numbers in a couple months and then we'll have confirmation as to whether or not this dealmaking actually makes sen

let's start the show off with a market flash from mary thompson. >> hey there. i'm looking at software company. they offer two groups private equity firms. this according to a report by reuters. reuters is reporting the company has negotiated a sale that could value it between $5 billion to $6 billion. a deal that would be this year's largest leverage buy-out. shares up 3 the .2%. melissa. >> mary, thank you. another big mover. apple shares moving higher by 1.5%. that should be no surprise because april is usually a huge month for the stock. how do we know this? let's bring in josh lipton live at cnbc's brand new san francisco bureau with more on this. josh. >> april is a critical month for the company. apple stock on a tear here. up some 15% this year. more than 60% over the past 12 months. the stock now just off its all-team high of $133. can the good times continue? all eyes are on the watch. the launch officially with preorders starting this friday. piper's gene munster thinks apple will sell one million watches in its opening weekend, and eight million watc

mary thompson has that story. >> it looks like the big money is in tech and media. if you're a ceo, the executive compensation research firm ek equilar, keep in mind this is a preliminary list. highest paid ceo so far, microsoft's new ceo, nadella, 84 million. larry ellison, oracle, down to 67%. qualcomm ceo steve mollenkopf, $60 million and bob iger disney $4 million and cvs ceo larry merlo is $24 million. >>> given most of ceo pay is tied to stock performance these days. according to the early survey the median pay rose 5% the average unchanged at 15.7 million. berkshire hathaway's warren buffett was the lowest paid ceo, taking home $464,000. missing from the list discovery's david zaslav his pay of 156 million would have put him at the top. the firm's just over 6 billion in annual revenue, too low to put it among the top hundred firms. when the final list comes out in may that equilar is publishing i'm sure he will be near the top. >> it will probably raise the entire average. >> yes. >> thanks very much mary thompson. we have the latest on that huge british jewe

thank you, mary thompson for running through the morgan stanley results. don't miss tomorrow an exclusive interview with james gorman on this morning's results and what he sees as a heads-up tomorrow on "squawk on the street" >>> mean time apple shares rebounding today. investors looking ahead to the apple watch with the possibility of $2 billion in revenue. could the apple watch by the company's most profitable product erv? let's brif? jim suva to talk more about it. good morning, jim. >> good morning. great to see you today. >> you too. there's been a few downgrades and this narrative has crepe crept this that it's still a phone company and the iphone psychling is beginning to peak. do you think demand is being underaccounted? important z importantly we think they're going to beat consensus by about 5 million unit. we have 59 consensus is only at a 4, but importantly as you laid out, they're rolling out with new products things like apple phone, apple pay, we believe there's more new products to come. they think iphone is the focus today in the future ma

in the meantime mary thompson is on the big board. good morning, mary. >> reporter: good morning, charm. we have a friend of what you say mixed or weak open here on wall street. a quiet open is what i'm trying to say on a day when earnings are in focus and the federal reserve begins its two-day meeting. we have treasury yields higher weakness across the boards in most of the sectors we are seeing. the major sectors, the s&p turned lower, we are seeing strengthened banking stocks pretty much a weak open. let's look at the dow stocks. apple coming out with strong were than expected results. stock is continuing to move higher. as carl mentioned off the best levels of the day. pfizer coming out with stronger tan expected results. it did lower the revenue guidance slightly again, impacted by the stronger dollar. gets about 60% of the revenue overseas, merck coming in and raising guidance for the year continuing with the drug theme the drug stocks higher right now. they got turned a little lower. bristol-myers lower, despite the company rai

back to you. >> thank you mary thompson. time to head over and check in with rick santelli. >> good morning, carl. i would like to welcome my last guest of the week lacy hunt. thanks for taking the time this friday morning. >> great to be with you. >> in your writing that i enjoy, you point out that since s the credit crisis global debt has expanded, not contracted by 35 trillion. that doesn't sound like we've done a lot of deleveraging. can you explain? >> well basically up until the crisis in 2007 to 2008 it was mainly the united states and japan that were pushing the debt levels higher. the united states and japan have moved it somewhat higher since then. we've seen massive leveraging in china and many emerging markets. by the way, the debt unfortunately, is a net negative. it's not a net positive. debt is an increase in current spending in exchange for decline in future spending. we are not going to solve this problem we have by trying to take on more and more massive amounts of debt. >> pursuant to that let's go in a sl

let's get to mary thompson. good morning what's happening? >> good morning, it seems this we're seeing here in the u.s. was triggered by some actions overseas starting in china, where some new rules were introduced to allow short selling in the chinese markets. the chinese market has been trading recently at a seven-year high so that raised worry. you can see short selling undercut that rally and the markets pulled back. so that triggered some sellouts in china. it's spread to the european markets, as well and, of course there there are concerns over whether or not greece will default on its debt so that's putting pressure on the european markets and leading to u.s. trading, as you can see right now, the dow is off 252 points. here in the u.s. we had some mixed earnings news. we did get decent numbers out of ge and it is bucking the downward trend fractionally higher, but overall, a down session on wall street today. back to you. >> mary thompson thank you so much. >>> developing now, the kickoff to the 2016 season under way in new hampshire.

. >> mary thompson at the market flash desk. we were expecting this. >> we're ready for you to rip into me again. >> not at all. >> you made a trade. >> i made a trade. >> the worst performing stock. the planned merger between hudson city and m & t bank has run into another delay. this is about two years in the making. the federal reserve saying it's unable to complete its review of the merger before the deal termination date of april 30th. this is the biggest pending u.s. bank deal. take a look at both stocks. hudson city off 6.5%. also, hitting regional banks, guggenheim on regions financial and comerica. graet risk tied to their exposure to energy related companies. both off fractionally. sflu like the regionals, joe? >> i like them. it seems as though the activity is more on the credit side. that's where the opportunity is right now. >> what's the -- >> look at the kre. go look at a weekly chart. give it some time. you've got a very, very defined resistance level of about 41, 42. we're hanging right at that level. each low h

back to you, kelly. >> mary thompson thank you very much. with those shares under pressure on the results, am ex shareholder david saurby this company has taken some hits from investors going back to some extent to the costco news expense controlled, et cetera. you seeing what you want to see in these numbers? from it is about the spend and about the revenue growth. that's what's going to get american express back to valuations that are more likely to be equal to the s&p 500 versus today trading at about a 15% discount. i'm encouraged by the eps beat by the earnings beat. but it will really come down to the long-term wealth creator which american express has been over the long term based on superior revenue growth in the 7% to 8% range. that's what i want to see happen. >> how are they going to get there, david? what is your view your confidence in this country? is it broader economic environment? its members just continue to spend more? or does it have any more of a strategy rethink? >> it's that their clientele spends more relative to thei

. >> mary thompson reported it. >> she did. during "power lunch" when i was on. >> is that right? you know what? now it's time for jeff. he's got to prove himself. they have a report on april 17th. >> drop alcoa down 3%. >> bad earnings on this. it was a couple months ago when it was trading at 17. we talked about how it could drop to 12. didn't get quite to 12, but got to 13. i think against the lows of this week you're probably all right dipping your toe in. >> big drop for zynga. i'm not really interested in this one. if you look at the short interest, you want to see a high short interest. only about 9%. there's not a lot of guys that are torqued ready to buy any type of good news. and the stock is not even oversold. >> and we've got to pop here for brain freeze. 7-eleven announcing a new special saying bring your cup. they will let people bring their own container. patrons can use plastic hats, teapots to slurp down their flavor. but there is one caveat. the container must fit in the 10 inch hold display. which means inflatable pools are not allowed. >> they shouldn't have an

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but first, mary thompson has this cnbc market wrap. >> we had an up day on wall street with the dow up almost 76 points. the s&p added ten. and the nasdaq closer to that 5,000 mark once again, up 33 points. that's it from cnbc, first in business worldwide. but who's got your back when you need legal help? we do. we're legalzoom, and over the last 10 years, we've helped millions of people protect their families and run their businesses. we have the right people on-hand to answer your questions backed by a trusted network of attorneys. so visit us today for legal help you can count on. legalzoom. legal help is here. how much protein does your dog food have? 18 percent? 20? purina one true instinct has 30. active dogs crave nutrient-dense food. so we made purina one true instinct. learn more at purinaone.com audible safety beeping audible safety beeping audible safety beeping the nissan rogue with safety shield technologies. the only thing left to fear is you imagination. nissan. innovation that excites. bring us your aching and sleep deprived. bring us those who want to feel well rested.

." >>> i'm mary thompson with your cnbc market wrap. stocks end higher across the board, with the dow adding 75 points, the s&p up ten, the nasdaq climbing 33. the federal reserve's latest beige book painted a lackluster picture of the economy in all 12 districts. it called for a slight or moderate across the u.s. and manufacturing weak. after the closing bell netflix reported earnings that came in ahead of expectations once you exclude certain items. also subscriber growth was better than expected sending shares up more than 10%. that's it from cnbc, first in business worldwide. k out escape and find out why ford is the brand more people buy and buy again. wow! that's a four-cylinder? i thought it was a six. i definitely feel the ecoboost in the ford escape. that's like a sports car. i just opened my trunk with my foot. i prefer, without a doubt, the escape over the cr-v. take the ecoboost challenge at your ford dealer. for a limited-time get an escape with up to two-thousand total cash back plus seven-fifty conquest cash with a qualif

. >>> i'm mary thompson and here's your cnbc news update at this hour. a man opened fire inside a court in milan killing three people including the judge. the suspect caught by police while fleeing the scene on a motorcycle. police say he was in the courthouse for a bankruptcy proceeding. >>> a suspect ins last week's attack on a kenyan university arraigned in a court. police say the suspect along with five others supplied guns to the four gunmen who carried out the killings. >>> climate prediction center raising its forecast for change 70%, up from 60% last month. el neo the warming of pacific sea surface temperatures and can trigger droughts and flooding. if you live in a state where salt is used to clear the roads of snow and ice, get your car washed. the national highway safety traffic safety administration urging motorists in 20 cold weather states to get their cars under carriaging cleaned to prevent rust in the brake linings after concluding a five-year investigation into rusting pipes can carry brake fluid in about 5 million older vehicles. your

our mary thompson's on the floor here at the exchange with the latest. >> hey there, karl. the reaction from the business community so far very positive. indianapolis-based eli lilly saying in a statement we believe that the senate bill 50 as it's called addresses key concerns with the religious freedom restoration act. and the state's chamber of commerce which represents almost 2500 indiana businesses and which also opposed the original bill said in a statement on its website, "our state has suffered tremendously the past week. the legislation amendment spells out that indiana will not permit discrimination based on sexual orientation or gender identity. that's what businesses and individuals from around the state, country and world needed to hear." now, at the urging of the state's embattled governor, mike pence, the senate submitted senate bill 50 for committee consideration today. the bill states the religious freedom law can't be used to refuse services or facilities based on a number of characteristics including sexual orientation and gender identity. the bill also st

mary thompson joins us as well. she's at the nyse. nick, you were the analyst for a long time everyone went to. what was your first reaction? pretty incredible huh? after all these years. >> well they just pushed the fast forward button. this was something that was certainly, you know a long and windy road. now it's a straight and shorter route. you know this gets you to below 10% of the earnings for financial services. their commitment is by the end of 18. and instead of below 25% but the end of '16. >> is that definitely something that andrew mentioned the other concerns off that list and things like that. but do we know for a fact that's a business you don't want to be in anymore? we know the other businesses are going to be valued higher and make more money in the future? >> well conceptually it should be. it make this company a lot cleaner. okay? we're looking at a base infrastructure company instead of a hybrid. even this year it's 34% of ge's financial services. next year targeted to be down to about 25%. but this really puts f