the white house, ranging from cowboy boots to lockheed martin f 35 fighterjets. boots to lockheed martin f 35 fighter jets. before boots to lockheed martin f 35 fighterjets. before we get to that, alphabets, google's parent company, announced quarterly earnings later today, and also whirlpool, who fought hard for tariffs to be put in place on steel and aluminium. this a nalyst says place on steel and aluminium. this analyst says his expectations for whirlpool. whirlpool is very interesting because they had specifically appealed for relief from what they see as unfair competition in terms of dumping washers and dryers and since then the stock is down 15%, is consumer prices are up 20%, and what they are feeling the effect of is not helpful trade practices from the united states in terms of what they would do with lg, but they are feeling the price of steel and aluminium, and it isa price of steel and aluminium, and it is a good example of how the trade war works its way through the system. and once these other tariffs

alix: lockheed martin boosted

david: the other one we heard from his lockheed martin.y have any different -- from is lockheed martin. did they have any difficulties? brooke: they are not one that comes up as an activist target. they have committed to putting a lot of money toward their pension this year. there were concerns that maybe that would temper the cash flow and revenue they are seeing from this increased defense spending but lockheed martin is upping its cash flow forecast. alix: the question is, getting to hear high watermarks on the call. that happened that caterpillar and totally wrecked their stock. is this what we are going to start to hear from these guys? brooke: there are definitely concerns about that, just as you have these tariffs and commodity prices rising, labor shortages, supply chain issues. all of that is working against what is a very strong industrial environment right now and that is what people are focusing on. that is a difference between longer cycle companies like lockheed martin and united technologies and shorter cycle companies like

i love working at lockheed martin. i serve at the pleasure of the board of directors, so how long i work will be up to them. but today, i am really enjoying the work i am doing and have no intention of stepping down from my role. david: well, whenever you do step down at some point, 10 years, 15 years, 20 years, would you consider the higher calling of private equity? [laughter and applause] marillyn: i have a passion for business. i might very well consider that, david. david: well, whenever you do step down, please let me know. i will be happy to talk to you. thank you very much. marillyn: thank you. [applause] ♪ david: president trump called you into it i really need you to come in and help the country, what would you say. >> i'm really happy doing what i'm doing right now. david: negotiation with north korea? he acceptedrst said .he deal, david: what are the qualities great leaders have? >> humility, about what they can achieve. >> would you fix your tie, please? david: people wouldn't recognize me if my tie was fi

so, after you graduated, did you say i want to be the ceo of lockheed martin, or what did you say? [laughter] marillyn: no, i started looking for a job. i took a job as an economist here in washington with the bureau of labour statistics out of college. they were in the midst of redoing the producer price index. it was a good job for a grad student to come in. i actually started my career here. four years later, i interviewed at several companies, one of which was lockheed in marietta, georgia. i started there as a senior industrial engineer. david: so when you went to marietta, georgia, you worked your way up. you had, i think, 22 different leadership positions, so you must have been moving around a lot. marillyn: i was in marietta for about 13 years. 18 months in, i was promoted to supervisor in industrial engineering. about the two-year mark, i was put on a general management development program, and great credit to a sponsor that, he put me forward for the program. so i spent two years rotating around the company, and at the end of the two years, i was manager over all of our p

i love working at lockheed martin.ve at the pleasure of the board of directors, so how long i work will be up to them. but today, i am really enjoying the work i am doing and have no intention of stepping down from my role. david: right. whenever you do step down at some point, 10 years, 15 years, 20 years, would you consider the higher calling of private equity? [laughter] [applause] marillyn: you know, as i told you, i have a passion for business. i might very well consider that, david. david: well, whenever you do step down, please let me know. marillyn: ok. david: i will be happy to talk to you. thank you very much. marillyn: thank you. [applause] ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. sta

i love working at lockheed martin. at the pleasure of the board of directors, so how long i work will be up to them. but today, i am really enjoying the work i am doing and have no intention of stepping down from my role. david: right. whenever you do step down at some point, 10 years, 15 years, 20 years, would you consider the higher calling of private equity? [laughter] [applause] marillyn: you know, as i told you, i have a passion for business. i might very well consider that, david. david: well, whenever you do step down, please let me know. marillyn: ok. david: i will be happy to talk to you. thank you very much. marillyn: thank you. [applause] ♪ manus: you are watching the "best of bloomberg daybreak: middle east." the major headlines drawing the stories from the region this week. turkey's troubles deepen. credit rating, cut farther. lira plunges to new lows. there are new signs of an aid package on the way for arraignment. a bond rally fizzles as investor anxiety returns. after a 15% year to date drop, is now th

i love working at lockheed martin.ve at the pleasure of the board of directors, so how long i work will be up to them. but today, i am really enjoying the work i am doing and have no intention of stepping down from my role. david: right. whenever you do step down at some point, 10 years, 15 years, 20 years, would you consider the higher calling of private equity? [laughter] [applause] marillyn: you know, as i told you, i have a passion for business. i might very well consider that, david. david: well, whenever you do step down, please let me know. marillyn: ok. david: i will be happy to talk to you. thank you very much. marillyn: thank you. [applause] ♪ two, down and back up. our phones are more than just phones. they are pocket sized personal trainers... last minute gift finders... siri: destination ahead. and discoverers of new places. it's the internet in your hand. that's why xfinity mobile can be included with xfinity internet. which could save you hunreds of dollars a year. plus get $150 when you bring in your ow

>>> lockheed martin upgraded to outperform they're calling for a 15% rally from here. take a look at what's going on in the stock sarat, what's your view here lockheed is barely up. we just showed northrup, which is getting hammered. >> they've had such a good run in the past and boeing's getting some of it back, too i would wait i think it's too early these are great stocks, but we had the election >> haven't had much of a run in the past three months. down three and a half. >> the market's discounting what the future is. i don't see a lot of promise here there are other opportunities. >> after the one year run, that was impressive but now you're looking so far to date they've underperformed. that's why this is the time to start looking at them. when you look at what they put out there was a 370 price target

as partthe the of lockheed martin. ckheed. something very special.o yes [cheers and applause] it's incredible. how do you t comparehis with a enemy?n othe plane from the they said the difference is when wegh t, they can't see our plane. i saidhat sounds like a pretty big advantage.'s right? it called still t mt nsive military weaponys swete history lesson and talked about branding >> made in america, made in tte, made in america? both retty good [cheers and applause] both pretty good. w i remember whenas growing up, i'd amellca aplace, a littln the usa but me iad

mark, he got a retirement check from lockheed martin not long ago. five years, right. david: so i guess he is happy with the shareholder performance, as well. [laughter] marillyn: yes, he is. david: it costs a lot of money to make because you have to have all kinds of security things in there. marillyn: that is right. it is based on a great commercial helicopter. if you are interested in a helicopter, i suggest you look at it. david: i guess i could get a good deal. do i get a discount if you buy two or something? [laughter] marillyn: we can do a deal. ♪

includes the american aerospace giant lockheed martin, looking to launch its first rockets in the 2020s. shares in chinese telecoms equipment maker zte surged more than 25% in hong kong. the company had been banned by washington from receiving american supplies after it was found to have done business with iran and north korea. to escape these sanctions, it's agreed to a fine of at least $1 billion and to replace its board of directors, and also to retain outside monitors. govia thameslink railway has launched its third new timetable in two months after two chaotic attempts to rebuild its schedules, which started in may. however, it does not seem to have been much more successful. it apologised in a tweet this morning, saying, "many customers have been affected by disruption to our services "and we are very sorry for that". and national savings and investments is cutting the interest rate it pays on its direct individual savings account. from the 24th of september, the rate will be reduced on its direct isa from 1.00% to 0.75%.

last week's ceremony with lockheed martin on celebrating the partnership with turkey on the f 35 that the state department did not send a representative to this ceremony. i think it is part of trying to send a clear message to turkey about what our views are and i do know that there is some confusion about whether planes have been delivered. it is my understanding that dod officials have said that we have already begun delivery of planes. it is my understanding that that is not the case. can you confirm for us whether any planes have been delivered to turkey? >> as you probably know senator, the u.s. maintains custody of aircraft until they are transferred which normally occurs after a lengthy training process. in my view, that is helpful to us in these circumstances because it gives us time to continue the messaging. we are in the training phase. we have watched developments on the hill. we know some of what is being

say i want to be the ceo of lockheed martin, or what did you say? [laughter] marillyn: no, i started looking for a job. i took a job as an economist here in washington with the bureau of labour statistics out of college. they were in the midst of redoing the producer price index. it was a good job for a grad student to come in. i actually started my career here. four years later, i interviewed at several companies, one of which was lockheed in marietta, georgia. i started there as a senior industrial engineer. david: so when you went to marietta, georgia, you worked your way up. you had 22 different leadership positions, so you must have been moving around a lot. marillyn: i was in marietta for about 13 years. 18 months in, i was promoted to supervisor in industrial engineering. about the two-year mark, i was put on a general management development program, great credit to a sponsor that, he put me forward for the program. so i spent two years rotating around the company. and at the end of the two years, i was manager over all of our production esti

yob used to make sure lockheed martin gets government contracts many of which are with the department of homeland security his former office how convenient that suzy yeah hey bill could you send us lots of money for guns. judge johnson called trump separating children from their parents immoral and un-american he's involved in however he's involved in these super american activity of selling weapons to kill lots of people so i'm not sayin don't attack the trump administration go to town my. golf course go in there like a midlife crisis trying to get his ball out of the office i by god get a good job i don't. can't thank like go to town i'm drawn in lies you're working for a war profiteer you ask. plus. plus our buddy judge johnson publishing opinion pieces in the washington post the pieces have not disclosed that he works for a defense contractor that stands to profit from v.h.s. business so it turns out that johnson's moral high horse is actually an f. thirty five fighter jets. and moving on obama's former domestic policy council director melody barnes has said trump doesn't. any bas

and thank you for being here from lockheed martin. after many years of decline, american manufacturing is coming back bigger and better and stronger than ever before, it is happening. we are in the midst of a great economic revival in the united states. we have added 3.7 million new jobs since the election 370,000 inore than manufacturing alone. remember during the campaign they all said you're never going to add manufacturing jobs, that is obsolete, they would say. thingsbsolete, to make is obsolete? i guess they were wrong. we are adding a lot more. almost one million workers discouraged at the policies of the previous administration and other administrations have now returned to the workforce. a planet claims are at the lowest level in all must have a century. think of that, the lowest level unemployment claims, that is a big one. americansnt rates for , for african-americans and hispanics and asians, americans lowest ever, these are the lowest levels for hispanics,ricans, and asians ever recorded. think of that. ever recorded. and

marilyn, thank you for being here from lockheed martin.fter many years of decline, american manufacturing is coming everto her, stronger than before. it is happening. we are in the midst of a great economic revival in the united states. we have added 3.7 million new jobs since election, including and than 370,000 manufacturing alone. remember they said, you are never going to add manufacturing jobs? that is obsolete, they would say? i said, to make rings is obsolete? i guess they were wrong, right? we are adding a lot more. almost a million americans disappointed with the policies of the previous and frankly, other administrations, have now returned to the workplace. unemployment claims are now at the lowest level in almost half a century. inc. of that. the lowest level, unemployment claims. think about that. unemployment rates for americans, african-americans, hispanics, asians. americans, all of us, lowest ever. these are the lowest levels for african-americans, for spanish, and for asians ever recorded. inc. of that. ever recorded. rece

wears lockheed martin? incredible. i said to one of the pilots had you compare this with a certain other plane from the enemy and they said well, the differences when we fight they can't see our plane and i said that sounds like a pretty good advantage. it's called super stealth. all of these products have something special very much in common, a big, beautiful seal and that's with the sign in this case made in the usa. also, joining us today and at that event is nasa administrator jim brighton stein. where's jim? thank you, jim. thank you and marilyn, thank you for being here from lockheed martin. @your many years of decline american manufacturing is coming back bigger and better and stronger than ever before. it's happening. we are in the midst of a great economic revival in the united states. we have added 3.7 million new jobs since the election including more than 370,000 in the manufacturing alone. remember during the campaign they all said you will never add manufacturing jobs, that's obsolete they would say. beg

lockheed martin, raytheon and, of course, northrop grumman all there for close to 100,000 jobs that they say they will provide training for. again, blake, one of the things that we don't have here is how people can perhaps find these opportunities to be trained. is it going to be on the local level, is it through their web sites, we didn't get too much granularity on that. i don't know if you've heard anything more, but microsoft, 10,000, foxconn, 13,000 the, ibm, 100,000. the internet association, 30,000, and the list went on. >> reporter: yeah. and the important thing to note here is these are pledges through the companies. so each company has its own skill sets for its own workers, etc., on down the line. and this is really the second part of the day, because the first part is the executive order setting up the council, but the second part is this pledge, 3.8 million pledges based off of associations and companies for new opportunities. they are not promising new jobs, per se, because you might work for a company right now but might need a new skill set to continue working for that co

job is to make sure lockheed martin gets government contracts many of which are with the department of homeland security his former office how convenient. suzy yeah hey ben could you send us lots of money for guns. judge johnson called trump separating children from their parents immoral and un-american he's involved in however he's involved in these super american activity of selling weapons to kill lots of people so i'm not sayin don't attack the trump administration go to town i buy like a half a golf course go in there like a midlife crisis trying to get his ball out of the office i by god get a good job i don't. can't like go to town on drama. you're working for a war profiteer you ask. plus. plus our buddy judge johnson has been publishing opinion pieces in the washington post the pieces have not disclosed that he works for a defense contractor that stands to profit from d.h. as business so it turns out that johnson's moral high horse is actually an f. thirty five fighter jets. moving on obama's former domestic policy. helpful director melody barnes has said trump doesn't show an

hear ya obvious to make sure lockheed martin gets government contracts many of which are with the department of homeland security his former office how convenient . susie yeah. could you send us lots of money for guns. judge johnson called trump separating children from their parents immoral and un-american he's involved in however he's involved in these super american activity of selling weapons to kill lots of people so i'm not sayin don't attack the drug administration go to town i buy like an ass golf course go in there like a midlife crisis trying to get his ball out of the office i buy. i don't. thank like go to town on drama. you're working for a war profiteer you ask. plus. plus our buddy judge johnson publishing opinion pieces in the washington post the pieces have not disclosed that he works for a defense contractor that stands to profit from d.h.s.s. business so it turns out that. johnson's moral high horse is actually an f. thirty five fighter jets. are moving on obama's former domestic policy council director melody barnes has said trump doesn't show any basic human decency and

his job is to make sure lockheed martin gets government contracts many of which are with the department of homeland security his former office how convenient. to say yeah hey bill could you send us lots of money for guns. judge johnson called trump separating children from their parents immoral and un-american he's involved in how.

here is to make sure lockheed martin gets government contracts many.

but this year it was an f 35 fhter jet parked on south lawn of the white hous as partthe the of lockheed martined. something very special.o yes [cheers and applause] it's incredible. how do you t comparehis with a enemy?n othe plane from the they said the difference is when wegh t, they can't see our plane. i saidhat sounds like a pretty big advantage.'s right? it called still t mt nsive military weaponys swete history lesson and talked about branding >> made in america, made in tte, made in america? both retty good [cheers and applause] both pretty good. w i remember whenas growing up, i'd amellca aplace, a littln the usa but me iad everything had made in america ande'sreagain. that, kennedy ntceer? worth it. let's get back to the n, ident's history lessjeerso hamel lincoln,opckinley. le don't know too much about nlmcki. take a it was an incredible economic time for our ancountry. peopted toe cin countr they ase t tariffs to botection oostannufacturers. prestren t h pupdate on trade neg iations >> the european union has been tough on the united states. but they're coming i to see me on wednesd

that was probably the main driver why we saw quite a spike in the stocks of companies like lockheed martin raytheon or also boeing which by the way gets almost all of their revenue from the broader defense industry donald trump believes that he made a point that nato members should basically immediately paid two or per cent of g.d.p. for the defense and actually increase the spending in the next couple of years to four percent of g.d.p. of that's realistic if it's going to happen remains to be seen but at least donald trump and investors believe so and that's why those stocks were among the biggest gainers here on wall street just have to see where the trump gets what he wants call it almost street thank you frank. i could always highest court has upheld a claim of multi-billion dollar damages against oil companies chevron that's for decades of rain forest damage the court saying indigenous people have a right to compensation for oil spills like contaminated ground water despite high hopes from those affected the ruling is largely symbolic as chevron no longer operates in the country. beca

these days johnson received two hundred ninety thousand dollars a year to serve on the board of lockheed martin the largest american defense contractor and the world's biggest weapons manufacturer the world's biggest merchant of death show much more aggressive than the doily thing.

so this is what happens these guys want war war is big business look at boeing shares look at lockheed martin shares look at all those military industrial complex scares they've gone they've skyrocketed so these guys want to keep themselves in like flint and so all right so in other words the nato is out. lived its purpose and i think it's got to be modernized and i remain and i owe him because resources yeah i don't think america should be picking up ninety one percent of the tab especially with germany like laughing at it so you know germany's going to pick up some of the tab the other countries need to pick up some of the tab or mean that's only right i mean do you want your taxes to go to pick up your number i mean my thought is this that with trump in south korea and pulling troops out of south korea there's fifty eight thousand troops and germany that's part of nato and the whole mideast fandango right and he mentioned during a recent press conference after the summit that putin tromp we're deep into the israeli middle east equation so the trump looks on americans balance sheet you ment

ibm, gm, lockheed martin, fed ex, home depot, among others.esident trump threatens retaliation, using auto tariffs, days before european leaders are set to visit the white house. markets on edge this morning, dow industrials down 5068 points, nasdaq -- 50 points. major indices closed mostly higher yesterday. the nasdaq was down yesterday even though technology has been really taking the lion's share of gains year-to-date. in europe mixed performance, trade tensions weighing on investors there. the fq100 is up, the cac is down half a percent, the dax index down a third of a percent. earnings in focus this morning, ibm reported last night. it beat analyst expectations, stock is up 2.5%. that will be a positive for the dow industrials for sure. we have mcdonald's betting big on delivery, it is offering some throwback items if you get your big mac delivered. a heart-warming rescue goes viral, a cyclist picks up an injured stray dog and carries it on his back while biking. the dog now is home and has a new home so we will tell you all about it. all

he has been aware lockheed martin and apple are planning big investments in manufacturing right here in the u.s. >> after many years of decline american manufacturing is coming back, bigger, better, and stronger than ever before. it's happening. we're in the midst of a great economic revival. 95% of american manufacturers which i love, that is what we love, manufacturers, are optimistic about the future. that is the highest level ever recorded. reporter: president put that in context with trade back and forth not only with the eu who he will meet with officials on wednesday but also mexico and china saying he believes this is all going to work out in the end but he is is not going to give up on negotiating a better deal for u.s. companies on trade overseas, saying he will fight and continue to make sure those terms are level playing field for u.s. companies. this event teeing up, making it clear why it is so important for the president to negotiate better trade deals but also what his goal is to bring companies back to the u.s. and manufacturing back here, adam. adam: that is a big c

>> it was probably the main driver while we saw a spike in companies like lockheed martin and also boeingwhich gets almost half their revenue from the broader defense industry. donald trump believes that he made a point that nato members should immediately pay 2% of gdp for defense and actually increase the spending in the next couple of years to 4% of gdp. if that's realistic and going to happen remains to be seen, but at least donald trump and investors believe so, and that's why those stocks were among the biggest dangers here on wall street. brent: thank you very much. where does your day to go when you die? that's what a german court has had to decide. >> it to the question, and people probably don't think about it, but it has been the topic of a court decision right here in germany. today the term court handed down a landmark on private data protection. the court ordered facebook to turn over the data which had belonged to their deceased daughter. the family had been in the legal battle for years, claiming information in their daughters facebook account could give clues t to what ca

." >>> lockheed-martin is next. jeff?tonight, a section of yosemite closes down as crews fight increasingly bad wildfires in the west. >> four varieties of goldfish crackers are recalled. and, we brought to the story of a woman who found a families vacation pictures. tonight, we have the reunion. tonight, that and much more on the cbs evening news. >>> why a program to prevent mudslides could leave the area vulnerable to yet another fire. we will be back in 30 minutes with more news. >> thanks for watching. ♪ captioning sponsored by cbs captioning sponsored by cbs >> glor: on the cbs evening news this tuesday, expanding wildfires here and abroad. scores killed in greece, now sections of yosemite national park are shut down. plus: lost and found-- an evening news story helps reunite a family with their long-lost of photos. but first the headlines in 60 seconds. >> reporter: deadly wildfires in greece, wind-whipped rain spreading through seaside resorts near athens. >> reporter: the mounting death toll has left this country

. > lockheed martin was upgraded to outperform, from market perform. th price target is $370.he shares rose to $324.36. spotify was downgraded to hold from buy at. pivot the analyst cites valuation given the stock's recent run-up. the stock's price is $2 hun. it was up 18 cents to $197.99. >>> still ahead, new hope. biogen's experimentalzh mer's drug shows some promise, but experts say the new study pnts an unclear picture. ♪ ♪ >>> yet anothng weak rean the housing market and a report sales of orning said new homes in june fell more than expected to an eight-month low.e numbers for may were revised lower and the pressured homebuil rs in today'session, but the decline in sales was not due to weak demand and that's whathi makess housing market so peculiar. diana olick explains. ♪ ♪ >>> stephen paul of mid atlantic builders is still putting up homes in suburban maryland, but he admits the market isn't what it was just a few months ago. >> the temperatu's lowering a little bit. it was peaking in march. sales were very strong i march. we set a lot of records and it's steadily been

defense spending bill is being discussed the saudis already bagged themselves a new contract lockheed martin just signed a deal worth four hundred fifty million dollars all in the name of global security the deal will see saudi arabia acquire full surface combatants as possible launch agreement with the u.s. to improve global security and support economic progress this is nothing other than a temp. by congress to put lipstick on the pig in other words to make something that's gross and awful and illegal and immoral and on the go to make it look as if it's either better or getting better or the us congress people the elected officials don't want to embrace full responsibility now as congress debates this year's military spending bill including some vague language about saudi arabia the weapons deals just keep rolling in with the lives of civilians in yemen caught in the middle here with r.t. new york. a study that coalition started its bombing campaign against yemen in twenty fifteen against two thing rebels the coalition has conducted thousands of strikes and some have hit civilian areas how

president, on behalf of lockheed martin, i'm proud to say that today we pledge to provide career opportunities, new career opportunities for more than 8,000 employees over the next five years. resident trump: thank you, marillyn hewson. she makes a plane that you can't see. it's stealth. >> mr. president, on behalf of microsoft, 10,000 opportunities, and really proud o be their representative. [inaudible] president trump: very good. you're right. they're great. they're great. thank you very much. >> mr. president, my name is randy knoll, representing the national association -- noel, representing the national association of home builders. and through our home builders institute, our educational arm, we pledge 50,000 new workers to building the american dream. president trump: thank you very much. [applause] >> mr. president, my name is rob gifford and on behalf of the national restaurant association, we pledge to train 370,000 people over the next five years. president trump: that is good. thank you. [applause] >> mr. president, matt, on behalf of the national retail federation, we're pleased