there's honeywell. look at that, clear breakout, nowhere near moving average, took out congestion from this spring, and lockheed on the defense side, but all of these companies are responding to one very simple thing, defense spending globally is on the rise. defense spending in the u.s. just had its first positive year of growth since 2011. all that sequestering stuff is over. a trillion spent last year. that number's going north. these companies, u.s. based, are less dependent on u.s. government defense spending. asian and middle east spending is up. think of a company, rtn, one in three dollars comes to the company internationally, and that's only going to grow. it's a great sector. stocks breaking out, little resistan resistance. continue to roll. >> to your point, honeywell up 14 -- >> explosive. >> just the three month period and one year gapes are impressive. >> trump or hillary clinton, she's a hawk, he's a wild card, between the two of them, they both do well. it's not an either/or in the elect

honeywell is just a very well operated company.ade good acquisitions in the past and have done a good job integrating those. they try to do a deal with you tx and that did not come around. the ultimate thing for us is to find companies that are levered to the global economy over a long period of time. while things looked challenged right now, over the long period of time, we think honeywell can .o well regardless if there is an upside surprise in the later part of the year, honeywell would be a beneficiary. thank you very much for joining in the program. amanda: let's take it over to taylor riggs. has pickedald trump up lucrative endorsements. in an opinion article, casino mogul sheldon adelson says he is backing trump for president. tosaid that the alternative trump being elected is frightening. wife contributed supporting super pacs reporting republican candidates. it has been called the most secure financial messaging system in the world. cyber crooks have attacked it again. swift is used by banks to move money around the world.

its role as a producer of aircraft engines would have been paralyzed by combination between ge and honeywell. can you imagine? again, with all due respect, out of london, and authority to block a merger that have an authorized already by the justice department in the u.s., and had the strong backing of president george w. bush? francine: we also have president obama talking on trade, coming here and forcibly arguing the u.k. should leave the eu. how do we know -- this means that if the u.k. were to leave, it would take 10 years to have some kind of trade deal. carolyn: there isn't a false choice here between being in the eu and being global. a lot of companies are baffled by the idea that you can either be facing europe or facing international. the fact is that having 550 million consumers that you can trade with with absolutely no barriers enables you to be far more successful, globally. we have 55 trade deals internationally. i think president obama was making an important point about the fact that the world is increasingly trading in regional blocs. the idea of there being a 5-10 year unc

received $10 million from dupont and new jersey david coat nearly 33 parking lot $8 million from honeywell. and brian roberts tops the list in pennsylvania. >>> this noon there are new guidelines for diabetes. they say that weight loss should be a more routine treatment for diabetes, they show that stomach shrinking operations could make a difference in sugar until now. dozens of groups are endorsing it now as a more common treatment. >>> and something that could make or break a police dog's career. >> i'm erin o'hearn and this is kimber. a knee injury has sidelined her training, but she is using something she has in her body to get her back on track. >> what we are doing is extracting bone marrow, what is it? and how does it work? our cameras were invited inside to see this procedure firsthand. we'll show you this tonight on "action news" at 11:00. >>> the "action news" team is work on news stories for tonight at 4:00. alicia vitarelli is here with a preview. >> is this not a gorgeous day or what? perfect to be outside in this weather. that is what cecily tynan has to be doing today at 4:

but there were talks honeywell and united technologies might get together. i wonder if they didn't in part because they were afraid that the government wouldn't let th >> well, that's what the ceo of united tech said exactly on cnbc the morning of that transaction having been announced publicly. the unsolicited bid. was that the regulatory environment was not going to be conducive to closing that merger. i agree, you're right, there's going to be some of these mega mergers that are really large, maybe the $100 billion plus. gthink companies are going to have to take pause and say, maybe we need to re-evaluate whether this deal can get done, maybe do something creative like dow dupont. they're going to merge then split into three. somehow or another i think that one will get done because it's fairly complex. i think it's going to require a little extra effort on the part of these mega deals to happen. >> david, thank you for your insight, we appreciate it. david mulnar with hightower advisers. >>> the one country that could change the dynamic in the oil marke

. >> your final one honeywell? >> well-managed company, a global conglomerate. most people know them, if you look at your thermostat that's on the wall, those kind of things in the the home. it's a much bigger company and it's been very well managed from an operational point of view. done some very good acquisitions in the past. we think that's a top-tier company that can go to $129, maybe $130 a share in the next 12 months. >> thanks for staying late for us, we appreciate it, have a great weekend. kevin karan with washington crossing advisers. >>> coming up, shattered glass. the big business opportunity a few guys saw when others could only see a broken iphone. >>> this weekend is the 142nd running of the kentucky derby. the derby is one of the most heavily wagered events of the year. about $130 million in bets were made last year. more if you count wagers that weren't on the books. the overwhelming favorite to win tomorrow is nyquist, odds at 3-1. the purse likely $1.6 million for the winning horse. last year american pharoah won the kentucky derby and then we

it was slightly more than 100 from honeywell. but then kept climbing. you had to wonder what the heck united technologies was doing. fourth, interest rates which were going up, giving breathing room have suddenly stalled out. yeah. a little less job growth? i don't know. these rates are coming down. they do a survey ahead of the big number on 40. some people think it is a harbinger. no sustained rally in the stockton can occur without the banks going along with it. so they'd better pray that it is not dispositive. if we don't get a lot of jobs created, you will see the same thing. then health care. biotech looked so promising a week ago but now it can't seem to rally to save its life. it was a pretty good pipeline. they are getting slaughtered. they gave us a forecast that fell far short of what wall street was expecting. when the airline stocks do poorly, people wonder about the demand for new aircraft. they question the staying power. secondly, i can't even get my head around this. i think some of this comes from acceleration of cloud adoption. that's

honeywell plant to spend -- spinoff its chemical business early next year.x.will be called advanc there is no impact on financial guidance. this company makes a polymer resin used to engineer plastics, and fibers. thatmake plastic packaging goes on different types of products. the shares are not doing much of the moment but were up earlier in the day after this was announced. we have been talking about che nere energy. ere new ceo replaces neil she who was there on an interim basis after the former ceo was ousted. carl icone investor was the biggest shareholder inset in the past that he thought the former ceo was not taking the company on the right to. he says he has that he was instrumental in that ouster. the stock had fallen sharply over the pasture but is getting -- gaining 7% today. suki for his reaction. filings, he still owns about 1.25% of this company's shares. mark: we are tracking dilma rousseff, she is live speaking now. she says this is a decisive moment for brazilian democracy. aresays what is at stake her achievements of the past 13 years and

honeywell international plans to residents and chemical business by 2017.ate a new magazine -- will manufacture a poultry workers in the united states labor in a climate of fear. it says workers in a plant in arkansas resorted to wearing diapers because they were afraid to ask for permission to go to the bathroom. many workers at his north carolina plant have to urinate in their pants. tyson says it is concerned about the plants but have no evidence that they are true. crisis is over. wholesale egg prices are now at a five-year low. let's head over to the markets desk. julie: it's time for today's sector spider report. we are looking at the srt once again. today, interestingly, it is done only .1%, even though we have a lot of down movers within that etf. let start with kohl's. its first-quarter earnings missing the lowest forecast. comparable sales falling unexpectedly by 3.9%. the company says consumers are not buying apparel. that's not surprising. we've been hearing from particularly special. tellers -- retailers -- particularly specialty retailers. koh

our show's identification with certain stocks, stocks like apple, chipotle, honeywell, starbucks, bristol myers, it hasn't gone unnoticed. since we changed the show we have tried to leave behind the new ideas or the hot ideas. instead, tried to give you theme that allow to you invest if more fertile sectors versus others. themes that i hope i can make come alive so do you know the homework. frugality, living longer through healthy eating habits, social, mobile, cloud, connectivity investments. i've written many books over time. proud of that. i know confessions of a street addict remajors a favorite. i think that get rich carefully is designed to be this new show's companion. a lot of what i talk about in the show. if you're having trouble getting rich, do it. i'm cognizant the market is hard. you have time burdens. you have demands. you may be bewildered. i insist that you use them. i would not own a single stock until i put away at least $10,000 through an induction fund. while i have addressed savings, i have not ever point blank warned you off individual stocks. i would actually prefe

lockheed martin, raytheon, you could throw in general dynamic, honeywell all of them in the defense business know one winner, that's for sure. the president announcing that boeing has inked a deal to deliver a hundred planes to vietnamese international low cost airline which is looking to expand its fleet. that deal valued -- it's pretty big -- $11.3 billion. so you have boeing moving higher by a quarter of a percent there. let's bring in foundation for defense of democrat's president cliff may. thank you for being here. >> good to be with you, thank you. liz: you okay with this deal? >> i am. it's kind of a strategic partner. we have china being more and more of a bully in that part of the world. a couple of years ago they put a drilling rig right off the vietnamese coast. vietnam want withs to be able to stand up to china and not have to kowtow to china, i think we want them to be able to do that as well. this is part of that. liz: yeah. okay, we should also mention that the president specifically said, and i'd love your thought on this, this has nothing to do with china. this has to do wi

. >> united technology, goldman cuts but remember honeywell made its move to buy them.as done a remarkable job, but this is a sec cular trend. but aerospace has been the maybe the best single theme of this earnings season. whether it be honeywell, whether it be united technologies, whether it be boeing, which was a remarkable quarter. i understand it's already taking off. i understand i remembered people listen to jeff and the ge call about how robust the aerospace cycle is. if it wants to come down you might want to buy this one. >> interesting. short interest on boeing had ticked up. >> some worried about some things with the dreamliner, people worried about the airline companies themselves not doing that well. they should be worrying about a shortage of planes. if you get out of the line, you can't get back in for boeing because the chinese are such veracious buyers. there's an industry where the negativity doesn't dovetail with reality. >> speaking long alliance, call on costco. >> jpmorgan adds costco. anyone on the american express conference call knows it was jus

this is part of honeywell's strategy to shift its focus to higher growth businesses.acy's footsteps and reporting a surprise drop in same-store sales. shares of the operator tanking on the news. chipotle higher after the restaurant chain said it added 100 million to the previously announced 1.9 billion dollar stock buyback. there are new reports out that "the washington post" is assigning as many as 20 reporters to quote, dig up dirt, unquote, on a presumptive republican presidential nominee donald trump. guess who owns "the washington post"? amazon ceo jeff bezos, stuart varney is here to weigh in on this. what do you make of this? >> i'm astonished that a guy like jeff bezos, worth at latest count, $61 billion and owns "the washington post," he's a multi-billionaire and here he is basically supporting hillary clinton. a military billionaire goes to work on donald trump, a 20-man army of journalists to dig up whatever dirt they can possibly find on donald trumpment i find that very interesting. why on earth are billionaires going for hillary rodham clinton? i think i

honeywell announced a deal today and there are other transactions which are big and the debt markets alix: the issuance is good but these etf outlooks can be painful. the environment for high yield has been talked about all over the place. >> we are in a market where the structure of the market is very different from what it was prior to the financial crisis. pre-crisis, you had maybe 10% of the market consisting of daily fundsity etf's and mutual and now that's a quarter of the market and the market is bigger. alix: that's why we saw 3rd avenue say they would not you back your money for a while. he things we could see more of that. what do you see? >> it's very different in multiple ways, not just the evolution of the etf market. it's a two-way market and while there may be redemptions, there are people who want to step up and buy. you could have temporary outflows that you will see big inflows as long as the fundamentals have not taken a step down. we saw that when energy was heading south and use of prolonged outflows. where the energy market has stabilized and oil in particular h

honeywell's great rate should improve.e's company to call it a sell right here after it's just about to lose that designation -- >> as a significantly important financial institution? >> i want to take the other side of that trade. >> jpmorgan did advise. so interesting. they're downgrading. they were key one on advising on the divestiture. >> i like the fact they were advising ge and -- >> and came out positive. >> i think they're wrong. they have every right to be wrong. where does it say in the constitution you can't make bad calls? >> it doesn't. >> why is ralph bucking the trend? >> in the retail sales number itself was very, very good. this new guy who is running it, can i just say that the new guy is getting a lot of -- i'm talking about stefan larson, came from old navy, came from h & m and they still had customers. that's saying something. they had living people. they were not actors buying things at the registers. they're trying to turn the attention to club monaco. i have a club monaco shirt packed in my bag and

nice -- look, he's not -- secretary perez, do you think this is good for united technologies and honeywell? he's not that kind of guys. he's not taking these numbers off -- it's not his job. >> all the yields are falling. june seems to be off the table now. >> yes. right. >> ten to five percent. >> there's some job growth. not enough to fit the thesis of what's gone on since the february bottom. we overshot to the high. i talked to the secretary this weekend. and, you know, the secretary doesn't -- he's not an active -- he's not a hedge fund. he's not a hedge fund man amger. >> no, he's not. zplun like even else. he wasn't at the conference presenting five boring ideas that do nothing. he's actually doing his job. he's doing okay. it doesn't fit the thesis. doesn't fit the thesis for strong retail. retail has been very, very weak. >> a day of reports of cost-cutting at j.c. penney. the job cuts at caterpillar. it's all piling up? >> the bull market that was in the industrials and the commodities, which seemed to have such legs, not that long ago, is not in tact right now. that because of t

-- and the chemical business, shareholders expecting that to be completed by 2017, no change in honeywells. should near is tapping the former ceo jack posco to leave the company. the oil and gas exporter became the first to export shale gas in the u.s.. amanda: we have been talking with the u.s. -- what we are waiting for was to hear the comments from the governor and the questions that he got and they focused as we expected on the upcoming referendum and what i thought was on the most interesting things was a set are you being joined to the politics and he said it would be political press, we are being as transparent as we can. suppressing would be political, transparency says we see it as a risk. jonathan: the conversation we had on surveillance was when the prime minister -- as soon as you get that division -- this is an, goes on twitter and says he agrees. they don't want to politicize it. a delicate moment for the governor, waiting in the something as sensitive as the brexit debate. amanda: interesting that he said that it that they did not consider the brexit in setting the policy b

alp alphabet google unit in honeywell solved a patent lawsuit.struck a long-term licensing agreement. house speaker paul ryan saying he is not ready to endorse donald trump for president. he added he hopes to be able to do so. trump added by saying he wasn't ready to support ryan's yaegain >>> takata preparing to recall additional inflaters. this comes presenting a new challenge for car dealers who are sitting on a growen inventory of vehicles in need of this repair. joining us is autonation's ceo mike jackson. great to see you. this is pretty concerning news. >> good morning, becky. >> this is pretty concerning news when you realize this is now about one in four cars that are out there that this affects. >> well, becky, as -- when i was on your show a couple of weeks ago i said there would be more and here we are, an additional 35 million. the other big piece of news with this announcement is that nhtsa has now determined exactly what the defect is. we have been replacing these air bags with -- just knowing there was a problem but without a defi

time warner, and honeywell slsh cisco foods.hose are all in the last four years. >> and interestingly enough, despite all of this, there's a sense that industry has become overly concentrated with the big company. remember, there was obviously what happened in the wireless space. the t-mode. at&t that never happened. is four better than three? >> we have adopted a little bit more of a euro viewpoint. we're not worried about necessarily the end customer as much as you are, you know, you're protecting industries at times. you're protecting employees. i don't know. >> but that's what's so interesting, right? saying, oh, we're doing this for the consumer. when you look around, is that who benefits the most? >> exactly. that's a deal. i guess people would say 20 years before that there was no antitrust. anyway, staples will pay a 25$2 million breakup fee to office depot. >>> in political news, bernie sand issers claiming victory in west virginia. in an interesting twist, 39% said they would volt for trump over sanders in the fall. le