GE Reports Wider Than Expected Second Quarter Adjusted Loss Per Share

The transcript discusses GE's efforts to cut costs in response to a decline in their operating units, particularly in aviation, due to the coronavirus. It highlights similar cost-cutting measures by other companies like Honeywell and Raytheon. The transcript also covers GE's plan to monetize its stake in Baker Hughes over the next three years, acknowledging the challenges posed by market conditions.

What challenges is GE facing in its operating businesses?

How is the coronavirus impacting GE's transformation plans?

What cost-cutting measures are being implemented in the aviation sector?

What is the outlook for the manufacturing economy according to the text?

What does Brooke G's effort to monetize its Baker Hughes position entail?