what is the next move for honeywell? what: we are going to do we have always done, core, organic growth. margin rates are going to continue to expand. we have a lot of money. great cash generator and we will deploy it in a way that benefits share owners. we have been growing our earnings far different than other companies. we buy back shares if it is appropriate. we are going to do acquisitions that makes sense. all of that while investing in businesses. our investment rate has then about 170% of depreciation. are investing heavily because we have a wonderful future ahead of us. vonnie: are you going to try and revive talks about a potential merger? david: no. that was a unique opportunity at a unique point in time and that time has passed. for shareowners to make a lot of money. they did not want to do it. it is done. theie: how much of portfolio pruning can we expect? goals are there, but in terms of pruning, which units do we look to for that? david: given this is the video, it makes it easier for me to use my example

amy: you have also become a shareholder of honeywell? >> i am, yes. amy: is this how you plan to support yourself now? >> well, i've never been a shareholder before of anything, and i only own one share. the reason why i became a shareholder is because i was frustrated with the lack of progress through legislative advocacy and i believe what we are facing in our country is not just a military industrial complex that eisenhower wrote about, it is a mistral -- industrial complex. legislative advocacy without doing shareholder advocacy and confronting some of the corporations that are lobbying our elected officials in order to influence the militarization of u.s. foreign-policy. you talk about attending the honeywell shareholders meeting and what you did? >> i have been to two meetings. the first one in 2015 where i coty.sed the ceo david year, i went, as i did last year, with my fellow veteran n who addressed the drone profiting and i chose to address honeywell's profiting from nuclear weapons. coty how much honeywell is profiting from the administratio

i think honeywell with their multiinterearnings in july if the market stable isles, is very attracti attractive. >> what would you see as a bargain? >> i was looking at something is papal. to me in a market like this when you're trying to be constructive and find stories, i want to find companies that are in you know, have a secular tail wind to them. and i believe that papal is that. it's down 7% in the last few days. down almost 20% from its 2016 highs. i like the valuation compare today a visa or mastercard. >> i like priceline and if you look at their earnings, it's heavily european exposed. it's a company that's growing top line 25, 26%. online travel is not changing. git the fkt that could be heavyness this terms of the currency effect or what not, but these guys dominate so significantly. the pullback has been so sharp. they had fantastic first quarter numbers. second quarter guidance was week and the stock has pulled back once. that's the level i would look at the tok, around 1050, 1100 bucks. >> jeffrey's made an interesting point about facebook. for as much business they lo

honeywell, david cody, trying to develop a colossus. >> that was his final run at it.idn't end the way they hoped it wouldp once we made it public they made it public. >> the quarter was excellent. >> both stocks responded positively thereafter. >> right. >> united technologies below the 100 level. honeywell, dave cote had a remarkable quarter given they have overseas exposure, cycle will remain strong. they were playing honeywell for the air space because it's everybody. dave cote figured that out. logical buyer for alcoa -- >> didn't say it. >> arconiche one you're talking about. wait. that's the one you're talking about as a -- that you're not talking about as a potential acquisition target. >> klaus kleinfeld is going to run it. warren buffet bought precision, the reason i liked alcoa i want arconic. i do not want smelting, david. i do not want aluminum. i do not want -- you got me? >> do you want green eggs and ham? >> green eggs. i said i am. >> ge. >> how about general mills. >> how about gis. let's take a look at that. >> raise the dividend. ken powell delivers

matt: breaking news honeywell. david coty is leaving.s going to become the ceo on march 31 of 2017. he's going to continue on as chairman until 2018. a five year noncompete clause. that's important. remember i showed you the ges screen? he's done well with honeywell stock and doesn't get a much. appoint now going to arius danzig. i should point out that this guy from poland went to syracuse for his engineering masters into harvard for his mba. carol: do you have a romance on the sky, matt? you need toup, what know for tomorrow's trading day. ♪ matt: don't miss this. ?c+sv ♪ >> donald trump and hillary clinton lay out their plans for job growth and a cleveland convention sneak peek but first the breaking news out of turkey. 10 people were killed in more than 20 injured by terrorist attacks today at istanbul's main airport. detail still coming out early at this point. turkish officials say the attack involved two suicide bombers. i know you are struck as i was the other day, the l.a. times ran and of an credible these and talked

this is honeywell's lyrics thermostat. this is their second generation.bout it now is it has geosensing, meaning it keeps track of all the smartphones in your house. as the smartphones move away from the house, people move away mode as those phones move back to the house it goes into comfort mode. it's a great way to save money and it's doing all the work for you. >> smarter than us now, right? >> really cool from the folks at honeywell. >> fire it up, steve. >> this is fizzick -- ics, basically put in your glass, can right in side here or glass or push right here and it will pour you a perfect beer. it's the world's first personal draft beer system. >> and foam, right? >> when you want the foam back it up like this, tip it like this and give it a little backup and it will give you the perfect. >> there we go. nice inch. >> and what's nice about it is you'll take any kind of beer, actually improves the flavor and taste of that beer. again, work with growlers or long boys or even cans. just put it in here. good to go. very cool. available at target and bes

. >> boeing i'm on the fence on right now, i tell you, if it you want aerospace, why not buy honeywellwhy do we want boeing. >> caller: hi, this is nevin. >> how are you? >> caller: i'm good. i want to ask your opinion about gopro. >> no, still too early to buy gopro, they have to get their mo jo back and they don't have it. >> let's go to peter in texas, peter? >> what's going on. >> caller: what's your long term outlook on aig? >> i'm nervous. i spoke last week to peter hancock, we have to get out of these hedge funds. and by the way, i think chubb is a much better acting stock than i has it together. aig, you need to see a little more cleanup. that is the conclusion of the lightning round. other than makg me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. td ameritrade. >>> every once in a while

we have an interview with honeywell ceo. technologies recently fell through. can talks be revised.m the close trading. >> we are down at session lows. a snapshot of where we stand.

you have big all-american names like boeing getting cut by 3% or union pacific or say for example honeywell. all of those names were down today. it's a tough day. >> it gives people perspective. but in the broad global economy, how important is great britain? >> that's a great question. and as great britain goes, it's not that great in that it's not even one of our top five trading partners. great britain is certainly significant from a cultural and political stand point. but from a trading stand point, it's not that big. that's why it's a surprise for us to see oil dropping suddenly. we were getting close to $50 about a week and a half ago. now we're just above $46 a barrel. and by the way, great britain and its usage of crude oil, they don't use that much energy when compared to say china or canada or the united states. but it is important to point out that this is a psychological situation, and the markets hate uncertainty and they hate surprises. >> so expect more volatility basically? >> absolutely. >> thank you, liz. don't miss liz on our sister network, fox business network. have a g

honeywell says hackers are increasingly targeting industrial facilities with sophisticated attacks.ompany says it has seen evidence of that's -- threats in 60% of sectors attract. -- it tracked. one third of malware enters through infected usb drives plugged in by users. that is your bloomberg business flash for this hour. market, we are just a few moments away from the end of trading in europe. how is it looking? what an end to the week. no one expected that jobs report, it said shares -- sent shares lower. london is experiencing its first day in games -- in gains. money is moving into haven assets that the u.k. government bonds. the closes next. ♪ get ready for the rio olympic games by switching to xfinity x1. show me gymnastics. x1 lets you search by sport, watch nbc's highlights and catch every live event on your tv with nbc sports live extra. i'm getting ready. are you? x1 will change the way you experience nbcuniversal's coverage of the rio olympic games. call or go online today to switch to x1. mark: live from london and new york, you are watching the european close. let's ta

honeywell? 3m, trumping over slowdowns worldwide with innovation. i'll say it again. it is the ideal for many portfolios. any others? insurers are there. there's nothing like insuring something and watching it go down because of deflation. and the oils. what can i say? the down side, the bounce sbirg than you think. this is starting to look like a floor. when there is a floor the buyers cannot resist which is why you have the rally we had today. these guys have visions of it in their heads. don't get carried away. the big rally will give way to smaller ones and smaller ones until it is the same old. not until we get fresh money. not until more investors resurfaced and the love affair with the stocks comes back. not just an okay one. it can be taken away from janet yellen or a couple polls that britain intends to stun world and break off from europe. >> caller: you know we love you in the sacramento valley. >> boy, did i love it out there. i also love oregon. my daughters are there. >> caller: in between sacramento and san francisco for your listeners. there is a boom

you have big all-american names like boeing getting cut by 3% or union pacific or say for example honeywell. all of those names were down today. it's a tough day. >> it gives people perspective. but in the broad global economy, how important is great britain? >> that's a great question. and as great britain goes, it's not that great in that it's not even one of our top five trading partners. great britain is certainly significant from a cultural and political stand point. but from a trading stand point, it's not that big. that's why it's a surprise for us to see oil dropping suddenly. we were getting close to $50 about a week and a half ago. now we're just above $46 a barrel. and by the way, great britain and its usage of crude oil, they don't use that much energy when compared to say china or canada or the united states. but it is important to point out that this is a psychological situation, and the markets hate uncertainty and they hate surprises. >> so expect more volatility basically? >> absolutely. >> thank you, liz. don't miss liz on our sister network, fox business network. have a g

we'll have breaks news on hon honeywell when we come back after this.ction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis and a $200 savings card >>> update on honeywell's management team. there is adam will succeed david cody as ceo. adam check is the current chief operating officer and will take over as ceo in march, to 20 17. the stock is up about 240%. after hours not movi

participated in all of the honeywell training program. >> training at the honey well educators at thepace academy. the all-expenses paid program held at the u.s. space and the rocket center in huntsville. teachers enge survival training and interactive flight dynamic classes. >> can you find vanessa in the photo? kellye: she is at space academy in 2014 with teachers from nine countries. >> team building, lesson plans to bring back to students. the whole purpose is to build our own content as teacher. >> with the host that it will motivate students to pursue career in stem. ford was so inspired she raised $35,000 to send her students to the space and the rocket center. >> what do we do to see if it works? >> it makes me want to learn more about space. kellye: with his teamer headed back to the edge kateors at the space academy this week, chances are amare will do that when she returns. in northeast, kellye lynn, abc7 news. leon: tonight, as the investigators point the finger, a father speaks out about the crash that killed his wife and two of his children. >> thank the ntsb board for t

you can look at various companies, honeywell, cisco, companies with high yield and dividend growth.wage inflation, low labor cost inflation, low exposure to higher wages would be another because again one of the issues on higher wages which is a good thing economically speaking is a bad thing from a margin perspective. that's why margins dividends would be areas of focus. there are opportunities again tactically in an environment where the market is high from valuation perspective. >> what's the risk of surprise rally in crude and how would the overall market respond to that? >> so -- >> i mean, something that's i don't know 70. >> that would be a big increase given the current levels we are and our view from goldman sachs is the market oil price is likely to be closer in the sort of trading range 30 to 50 dollars as opposed to moving that much higher. if you had that much higher be pressure on margins for a lot of companies. more specifically it's positive for energy company profits. headwind for some of the consumer discretionary companies. >> you mentioned hatzius on the side agg

i looked at honeywell saying, soon. 3m. i looked at that and said maybe.d at a lot of stocks down 3, 5% are going to feel real good. i can always tell you, of course, verizon and at&t, but i don't like to pick from the 52 week high lister when i try to find out something that is right and is actually not so obvious to all of you. back to you guys. >> jim cramer. >>> our next guest is an owner of companies in both the hospitality and dining industries. so what's his best advice for navigating a post-brexit world. the chairman and ceo of fretita capitol. he's featured on, featured on he's the star of cnbc's "billion dollar buyer." tillman, great to have you with us. >> interesting to be sitting here together. >> certainly is. you know, i remember when i was in london seeing at least one, maybe two of your restaurants. have you begun to hear anything about business? i can't imagine that people aren't, you know, going to the restaurant just because they're leaving the eu, right? it hasn't shown up yet. >> it's not going to affect us, i don't believe, at least,

alex gorski and ceo of j & j and the ceo of honeywell spent the least amount of time hiding behind thetrong dollar is hurting us thesis even though much of their business is overseas. j & j more than any other pharmaceutical. nike had a rare up day but last night's victory for the cleveland cavaliers led by the nike wearing lebron james could be one off two, sorry. [ drum roll ] >> the nba final has historic stock significance for both. fitting underarmour fell a per sense. valiant that the term beleaguered was invented for rallied a buck and a half. i continue to believe the real problem with it isn't the dramatic overpay for a female equivalent of viagra written off or even the endless price gouging that the ceo now has to roll back. no, it's about the competition. allergen and j & j taking business away from the company that is in total disarray. >> buy, buy, buy. >> then you go to the next private check list and talk about bonds. too strong today. interest rates falling too fast. we know that causes the bank stocks to get absolutely slammed. >> no, no. >> and that's what happened.

what the algos say is when oil goes up that means people buy honeywell. that's what the algos say.hen we go and buy rock ports, sure enough they want to show us ralph lauren suit that goes with the rock ports. i mention that because that's in the news. >> ralph lauren suits that go with rock ports? i don't see that. >> doing that to be topical, no. >> okay, good. >> thank you. okay, here, when you buy calvin klein underwear -- >> yes, sir, back to the under. >> they'll send you something for boxer shorts. they'll send you hanes brand. >> other people liked. >> right. other people liked. >> as long as other people have worn them. >> no, i don't think -- i think that's faux amazon. that's the wrong site. that's the david faber hair. that's not david. >> speaking of bezos india's prime minister set to address the joint congress today a day after he met with president obama to discuss potential energy related deals at an event attended by the prime minister bezos announced plans to invest $3 billion addition in india on top of $2 billion in 2014. bezos said india is amazon's fastest gr

and our guest host today is larry bossidy of honeywell, we'll dig into that with him.nd i don't know if you are a germ freak, i am a germ freak, and news of a new super bug out there resistant to the last strains we have of any antibiotics that can fight it, the super antibiotics, that's been keeping me on edge. we have dr. zeek emanuel who will come on to tell us more about it. we found a woman in pennsylvania who had strains of it in her urine. expectations are she's not the only one in the united states. but that's the first case we know of in the united states. we'll hear more from him. >> i don't think i was a germ freak but you scared me into being one. i'll learn as much as i can about that. >> i keep as much hand sanitizer handy as possible. >> it is the anti-bac and it is the use of antibiotics in people who don't need it and especially in livestock that has gotten us to this point. >> eat more probiotic yogurt, right? >> exactly. by the way, speaking of eating things this morning, it is national doughnut day. >> is it? >> national doughnut day. and we have ni

former honeywell chairman and ceo.arry, weigh in on how you see the economy shaping up right now. >> i think we are in a relatively stalled period. .8 in the first quarter. maybe two in the second. you see pieces of the economy that are good. housing is fine. manufacturing sector, 12% of the economy, continues to be very slow. energy companies are being hurt. big machinery companies are being hurt. low productivity because of the absence of volume. >> larry, do we get a little stability on energy? prices have at least stabilized. there is still ongoing layoffs and reductions but it should stabilize in there somewhere. >> one of the big issues with energy coming up -- there has been a shut down of capacity. they'd like to turn on the capacity. a lot of bankruptcy. the financing of start-ups will be difficult. it's going to come back but it will be difficult to get there. >> jack welch pointed out yesterday, if you're supplying the industry, the prices you can charge have come down sharply. so your margins have compresse

. >>> meantime, honeywell is getting a new ceo although not until next year. operating officer will take over from current ceo next march. cody will continue as executive chairman for an additional year after the transition. >>> and you also have several economic reports ahead this morning. out at 8:30 a.m. eastern. then at 10:00 a.m., the national association of realtors out with its may pending home sales number. >>> japanese prime minister shinzo abe is urging the boj to provide enough funds to the market to ensure liquidity in the wake of the brexit vote. abe met with bankers for a second straight day. there are worries that fallout from the brexit could trigger an unwelcome spike in the yen. we've already seen it. of course there's always going to be that separation between central banks and politicians but abe says the government is ready to use all policy tools to support the economy and small business. >>> let's get another check on the futures this morning. as we showed you dow's been up by triple digits earlier. right now sitting just below 100. s&p

consider honeywell's pursuit of united technologies.ost recent example is buyer's $62 million bid for monsanto. these are known as forced friendly's. let's bring back jeff mccracken and frank aquila. jeff: you are working on bayer -monsanto, so you will be reluctant to speak about that. is it that day companies are not concerned there is no growth out there? what is pushing these company to do these proactive deals and convincing the other side to do the deal with them? frank: essentially, when you're in a low growth environment like we are, where gdp growth will be from half a percent to 2%, the only way you are going to get growth is by making an acquisition. particularly after the last two years where companies have cut a lot of waste and fat the way to bring money to the bottom line is by adding revenue from another company. alix: what is the distinction between forced friendly's and outright takeovers? frank: you really do not acquire a company in a hostile manner.you may put your hostile bid or unsolicited bid out there, but ultim

honeywell, tyco, thermo fisher.y point is if we go 20 points higher, instead of 200, we'll have 400 or 500. there's a lot that's below 2% away. so this is an agonizing process, but if we just get above that, we'll see a lot of interesting breakouts for sure and see a lot of the technicians squawking like chickens very, very soon. of course, we've been here before. >> good to have you back, bob. see you later. >> just below the 18,000 level as we celebrate the beginning of army week here at the new york stock exchange. clearside is ringing the bell at nasdaq. stay tuned. kelly and company. see you later, kel. >> thank you, bell. welcome to the "closing bell." i'm kelly evans. here's how we're finishing up the session on wall street. we were close to 18,000. you can see settling about 14 points below that level. the s&p down to 2115. the nasdaq down. the underperformer down 16 points at 4958. this breaking a three-session winning streak, so we'll get to that in just a moment. tesla to meet consumer demands. we'll deba

you're seeing 3-ds, 3ms, honeywell trading in line with markets for exam exactly the same reason. guys, back to you. >> thank you very much. this gold sending oil in opposite directions. jackie de-angeli has more from the nigh next. jangk jackie? >> that's right. there was a little support for this trade actually. $46.70 was the recent low. we had a 5% drop on the day but only a 1% drop on the week. tradersle telling me it's a bit like musical chairs. they sold as they went into a weekend of uncertainty. meantime the dollar was it. that means crude goes higher. global demand amidst this. the demand picture and the positive outlook has been while oil prices have been slowly climbing. still seasonal trends here in the united states are giving that support i mentioned a little earlier to the crude oil trade, traders telling me it could have been a lot worse than what we actually saw. moving on to gold as you would expect, the dollar was thrown out the window as you saw. this was all about the safety trade. of course, very attractive after that gold last night. gold finishing the sess

united technologies didn't go onto kill the honeywell bid on twitter. came here. right? >> when we come back -- >> marc benioff came here. >> yep. facebook's head of advertising with news on instagram this morning. kayla tausche is live in france. take another look at the premarket. going to be another interesting one as brexit polls get digested and yellen takes the hill in about 45 minutes. don't go away. todd spaletto, president of the north face, we are working on the prototype to match customers to gear. watson, let's give it a try. say it's mid-june and i'm backpacking in yosemite. of our 353 jackets, i can recommend nine. watson, what if it rains? there is just a 3% chance of rain, so i recommend the breathable stretch fleece fuse form dolomiti jacket. a perfect choice watson. no wonder our customer loyalty numbers keep climbing. i believe we can do even better. i like the way you think. i believe we can do even better. atand that in a new house,tee a fyou probably don't sharece, the same tastes as the previous owner. ♪ [ dolphin chatters ] so when you need a litt

they go to honeywell, they go to 3m, they go to the big industrials, but feel if we got rid of risk overseascks, we'd pay for more their earnings. i think those are the stocks that have staying power and you go in and buy something you hated last week because you felt fundamentals were weak, you're going to get hit again. i also think clorox and general mills have been unstoppable and those are stocks people feel very little risk. >> we talked about the bookies last week and why those haven't moved. lab ros tweeted 95% of the money staked today was for a remain vote. >> really? 95? >> yeah. >> you know, twitter is so dead and yet still alive. right now i'm writing off twitter on twitter. i'm saying this thing is no good and i'm going to tweet a million times on that. right? for all my followers. because it's finished. it's so finished i'm going to dress it all day on twitter. >> stock's only down 30% this year so far. >> that's not bad. >> i tell you you got to read that hive article. >> i will. total disarray there. disarray. >> we'll get stop trading with jim in a moment. dow's up 233. ♪ y

honeywell is at a 52-week high now. even the machinery names had a rough start to the year. all up about 1%. materials the same thing. the weak dollar really helping. all the steel stocks like ak steel are on the upside. industrial metal stocks, the big global iron ore names all to the upside. finally, you think there is something lagging here. why wouldn't defensive names lag? but even that's not really happening. kraft, super value, look at these. all up more than 1%. this is about a broader rally as you are going to see anywhere in the market. back to you. >> as you mentioned, bob, part of the reason we're seeing this rally, the latest brexit poll is a move towards staying in the european union. that's why the stocks are rallying to day. wi willford frost joins us. >> i'm joined now by greg hands, the chief secretary to the treasury. he's the chancellor's right-hand man. greg, great to have you with us. >> good afternoon. >> as we have been discuss in the studio, markets move sharply as we were mentioning. it is all over? they have this tied up now. >> i think it is still

change in the c-suite to honeywell.n after 14 years running the industrial giant. the chief operating officer will take over as ceo. david cote will stay on as executive chairman through april of 2018. a story for hillary clinton, could the new york times article about the former secretary of state's response to the 2012 benghazi attack written before the report was issued? and there is the headline. house benghazi report finds no new evidence of wrongdoing by hillary clinton. here is stuart varney right now weighing in, good morning to you. stuart: good morning, maria. you know, you and i have a lot to go at, do we not on an early morning news program about money, markets, politics. what stood out to me the way that the mainstream media is in absolute lock step to support their candidate and their candidate is hillary clinton. there's no question about it. you put on the screen the new york times headline following the release of benghazi report. i watched the broadcast networks last night. all three, nbc, abc, cbs all

tyco down 21%, honeywell down 20%, so it's case by case, but those are not the first ones i want to read. particularly because they were all going up as we thought that the dollar was finished its big move higher. >> goldman, boeing, ibm, 3m. >> best performer. >> verizon. >> right. >> look, 3m is huge international but the stock was hitting all-time highs last week. you want to reach for that first. goldman does have book value, but i think people are starting to realize the model challenge, the model challenge, the model challenge. there are so many tech companies that have a gigantic book in europe and so many of them are saying things are better. the privilege of pulling up with actually literally 40 cfos, i know, david, that doesn't sound like a party to you, but for me it was. it was like at the metropolitan museum and they do the gala, it was my gala. and a lot of people were excited about the dollar not being that strong. if we reverse the tape we probably would have talked more about the warriors losing. >> the state of play right now when you think about it, the dollar is where