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Biz Flash: 4/17

Title:

Biz Flash: 4/17

Published: Fri, 17 Apr 2009

Description: Neil Cavuto with Friday's business headlines

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Automatically Generated Transcript (may not be 100% accurate)

" The rally continues the Dow gaining five points today up for the sixth straight. It's the biggest six week run we've seen since 1938. The -- of 23%. During that time you. Reporting better than expected quarterly results city posted its first comedy in a year and a half. General Electric's -- diving by 36%. Who do you still learning nearly. Three million bucks Volkswagen could pass Toyota becomes -- World's largest -- of the German company selling. Nearly a million have cars in the first quarter that does being -- estimates thus far final Toyota numbers aren't out. The unemployment rate -- about 11% of California for the first time ever. Michigan and Florida. Have higher rates and but Obama on his way to becoming a multi media star and a -- book about the Obama's new Portuguese Water Dog already in the works. Others are saying that it's already received this. --"

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Jersey -- person to deal with the situation. GE owns NBC. Well since that time very little criticism of the president has been heard CNBC perhaps ladies and gentlemen it is just a coincidence. On April 23 I reported -- GE is heavily investing in green technology. And if the carbon taxes passed by congress GE will try to give billions of dollars in contracts in the cap and trade program. Because GE is in big financial trouble already receiving a 139. Billion. In federal insurance to shore up its financial long. It's now going full tilt to get even more federal dollars according to reporting by Andrew will -- serious radio host. -- is banking on government mandated computerized. Health records if that passes g.'s technology could be used earning the company billions. To make that happen GE has appointed former senator Tom Daschle to its health advisory board Daschle you may remember. Which president Obama's choice as secretary of health and human services until a tax -- around him. But there's no question Daschle has big time connections the Obama White House we ask the senator for every so far he is ducking us. So obviously there is a huge. Hero which conflict of
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And then GE turned off the mark. Now most CEOs was stopped NBC's corruption along time ago but you know may be looking for a major pale. According to reporting by the Washington examiner GE is heavily lobbying the Obama administration for bailout money. The company is also pushing. For the proposed cap and trade program apparently GE is set up a joint venture. It hopes would manage billions of dollars in cash. And trade transactions. Should that corporate carbon tax passed com I think about this latest job. A failing corporation General Electric might reap billions of dollars if the feds -- carbon deal. By the way GE is already getting taxpayer bailout money for its financial unit. So it's not a stretch to assume -- would want to help
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