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GE shares slide after big earnings miss

Shares of Dow component General Electric were sharply lower Friday morning after the industrial giant delivered earnings that were way below analysts' estimates, while revenue slightly beat expectations. The company also cut its profit outlook for this year. Yahoo Finance's Alexis Christoforoous, Rick Newman and Jared Blikre discuss whether or not this once American icon can turn things around under the leadership of new CEO John Flannery.