General Electric sees strength in all its businesses excluding power, chief financial officer Jamie Miller told CNBC’s Morgan Brennan after GE reported second-quarter earnings Friday.
Miller says the company can be very focused on the struggling power business, as order softness has continued from the sector. GE reported profits in its power division fell 58 percent by last year.
China can be important to GE’s business, Miller said, speaking about the company’s position on tariffs. GE continues to watch the escalating trade war closely, according to Miller, who says in which can be concerning to the company’s global businesses. Despite possible financial implications by the tariffs, GE might not move its production out of the U.S., according to Miller.
Miller also spoke to GE’s pension plan, saying the industrial conglomerate does not anticipate in which in which will freeze pensions.
GE Capital continues to be another overhang, with Miller saying the company can be looking at all the options in which has available. Miller said GE can be primarily trying to shrink GE Capital’s balance sheet.
GE shares fell over 4 percent in trading Friday, down nearly 25 percent This particular year.