Bob Nardelli reacts to the backlash over the Trump-Putin summit and discusses the escalating trade war.
Wall Street veteran Art Cashin told CNBC he’s “stunned” Walgreens was added to the Dow Jones industrial average, replacing GE. Drugstore chain Walgreens Boots Alliance, with a market capitalization of $64 billion, compared with General Electric’s $110 billion market cap, was not the obvious choice, said Cashin, managing director of UBS Financial Services.
Former Chrysler and Home Depot CEO Bob Nardelli discusses his take on General Electric getting booted from the historic Dow Jones index.
Former General Electric transportation CEO Bob Nardelli told CNBC on Tuesday he thinks there is more pain ahead for his former company. The industrial giant, which is in the middle of a massive restructuring, was booted out of the Dow Jones industrial average on Tuesday.
As trade war tensions continue to escalate, market watchers wonder if President Donald Trump has gone too far in an attempt to correct alleged unfair trading practices. But former General Electric transportation CEO Bob Nardelli said the president is “a very reasonable individual.”
Former Chrysler and Home Depot CEO Bob Nardelli said China’s goal on the world stage is to become an economic superpower. “I think China probably is looking at world dominance through economics, not through war or power,” he said during an interview on “Maria Bartiromo’s Wall Street” on Friday.
Stifel Chief Economist Lindsey Piegza warns that a recession could hit as soon as 2020 if the Federal Reserve raises interest rates too quickly. Piegza will join CNN correspondent Paula Newton to talk about it Wednesday on CNNMoney’s “Markets Now.”
“In today’s world you either innovate or evaporate,” Bob Nardelli, founder and CEO of the investment and advisory company XLR-8, said Wednesday on CNNMoney’s “Markets Now.” Nardelli, the former CEO of Chrysler and Home Depot and a former executive at GE , said he expects companies to “significantly” increase their capital spending by as much as 30% because of the tax breaks.
The Trump administration is hearing from industry groups and businesses this week about its proposed tariffs on $50 billion worth of Chinese goods. Bob Nardelli has experience leading some of the biggest companies in America: He’s the former CEO of Chrysler and Home Depot and a former executive at GE .
Marillyn Hewson, Lockheed Martin chairman, president and CEO, has been named by Chief Executive magazine as 2018 CEO of the Year in recognition of her leadership and efforts to promote science, technology, engineering and mathematics education. The award also recognizes Hewson’s work to advance diversity in the technology sector and build up the pipeline of skilled…
Bob Nardelli, XLR8 Advisory and former Home Depot CEO, discusses the economic impact of President Trump’s steel and aluminum tariffs.
President Trump has announced his intention to replace Secretary of Veterans Affairs David Shulkin, with Rear Adm. Ronny Jackson. The Department of Veterans Affairs has been scandal plagued for years, delivering poor quality services to this nation’s heroes since its inception, and especially since its elevation to a cabinet Department in 1988.
Bob Nardelli, who lost battle to succeed GE’s former CEO, Jeff Immelt, said the best is yet to come for industrial conglomerates like General Electric, Honeywell and the 3M Company. “If you look at the opportunity and the cyclicality of various businesses it’s a huge competitive advantage to have a conglomerate,” he said Friday on FOX Business’ “Mornings with Maria.”
Former Chrysler CEO Bob Nardelli on Tuesday said NAFTA is a “mixed” disaster and believes Trump is right to renegotiate the 24-year-old trade deal. “It depends on your point of view and where you are in the supply chain on NAFTA,” he told FOX Business’ Liz Claman on “Countdown to the Closing Bell.”
WIU CBT Hosts Inaugural Business Leadership Symposium April 30 – Western Illinois University News – Office of University Relations
MACOMB, IL — The Western Illinois University College of Business and Technology will host the inaugural Business Leadership Symposium Monday, April 30. The event is underwritten by Citizens Bank, A Division of Morton Community Bank. WIU Alumnus and Founder of XLR-8, LLC Bob Nardelli will be on campus as part of the symposium to speak to numerous business classes.
Former General Electric transportation CEO Bob Nardelli told CNBC on Monday that it’s “very painful” for him to watch the “dismantling of this legendary company.” Shares of GE were lower Monday after the company said it would cut its quarterly dividend in half to help free up capital to fund a turnaround, and announced an aggressive corporate restructuring.