retailers, 30 are customers of honeywell.ing that amazon is an important customer, but not the only one. as you see more and more retailers trying to catch up to amazon and invest in e-commerce, a debt their businesses to meet consumer expectations of faster and faster delivery, honeywell should be well positioned to benefit. vonnie: who else is there with that kind of business? you would think that others would have cropped up. >> it has peers in other parts of the automation world. what honeywell has been smarter about is carving out this niche of warehouse automation. these companies that it bought were not on the scale of honeywell. intelligrated was a smaller business. they also bought a german-based warehouse automation company last year for roughly $500 million. these are small, incremental bets on companies that are a lot smaller than honeywell, but they add up to be something differentiated for the company. vonnie: what are the margins on this kind of business? >> diluted to honeywell's overall margin profile, but in

sometimes, honeywell doesn't make any bones about it. they call one simply and unpolitically, anti-personnel fragmentation bombs. it is the size of a baseball and contains 250 million ball bearing like steel pellets embedded in a metal casing. this weapon was specifically designed to be used against civilian populations. pellequote -- "the ts tear the flesh and smashes the bones of all humans in the area while leaving buildings intact." guava bombs, pineapple bombs, rock eyes, lazy dogs, they are all anti-people bombs. they don't knock out field bunkers, they don't knock out big guns. they won't even go through a sandbag. all they go through is unprotected human flesh. and soldiers know enough to get but childrenway, do not, and mothers don't and peasants don't. maybe they are learning now, not that they can do much about it, anyway. and the ultimate insanity is the stockpiling of weapons, that even the military knows we dare not use. one 10 megaton nuclear bomb has firepower equal to all of the explosives that have been sent off and all

sometimes honeywell does not make any bones about it.this is about the size of a baseball and it contains 250 ball bearing like pellets in a metal casing. weapon was designed to be a civiliant population. flesh whilell leaving buildings intact. pineapple bombs, rock guys, lazy dogs. all inside people bombs. they don't knock out steel bunkers. go through aen sandbag. all they go through is unprotected human flash. soldiers know enough to get out .f the way, but children don't maybe they have learned by now. there's not much that they can do about it anyway. one 10 megaton nuclear bomb has all the firepower of all the wars in human history. we have nuclear bombs ranging from one to 25 megatons. destroyenough to cities. 50 largest not once, but 15 times over. it will multiply our nuclear weapons. and the military is beginning this multiplication process as we hold talks with the russians armaments.rategic i believe in defense. i don't deny, sometimes it's a dangerous world and in a dangerous world, and in a dangerous world country must plan

honeywell. motorola. million. fuses for 14 millimeter shells. hamilton watts company. $9.1 million for mechanical time fuses for artillery shells. general motors. 116 -- $1.16 million. westinghouse. million for poseidon launcher and handling equipment. i wouldn't be surprised if it carried on its field belly, you can be sure, it's westinghouse. it's one of these companies spend millions on you. it is called consumer research. they want to know where you are at so they can sell you their latest product. let's tell them where we are at. the we found out about little mind the formed our babies, we ticket out of drug lines. next year, cigarette advertising will be off the television. each day, it becomes clearer to us, that we must act in self-defense. in defense of the health of our families and our society. we must stop buying more. at last, we know, with all of this undress, and all this over us, and all that passes across our land, it is like going to sleep each night with a bottle of nitroglycerin under our pillows. vial of and larger nitroglyc

now, a company called honeywell has also put out a statement. they saying? well, honeywell is an aerospace company, it does a lot involving technology, it does a lot involving technology, it says it looks for solutions to solve technological and problems and they were involved in this project to do with lighting the runway, so they were the contractors in this project. and they told us tonight they were deeply saddened by what happened, they hold heartfelt condolences went out to those who had lost their lives. now, obviously very devastating to them. there is a full investigation under way by the aviation officials out in dubai. it was a bit strange, because initially the authorities in debate described this as simply as a minor incident, then as the evening progressed they announced that two people had died, then they announce that all four people on board that plan had been killed. now, the airport was shut for around 45 minutes, a number of flights were delayed and cancelled after this crash, and now the authorities will be keen to find out

in their aerospace segment, so the stock has done very, very well, so we'd be patient with honeywellat we could see the stock pull back 10, 15%, particularly if we do get continued trade concerns. >> that's what i was going to say, how does that factor into your thinking? >> well, we would expect that the stocks that have held up the best, particularly in the industrial group like honeywell have a potential to pull back 10 or 15% if we do get a further recession scare. each of the names that we're looking at, we're looking to buy at lower prices frankly because the odds of recession have ticked up here in the past month or so from what we believe is maybe one in ten to two in ten, and so we'd look to get each of the names that we're looking at today, you know, the rockwell and the honeywell at prices maybe 10 to 15% lower thn today on a recession scare we tend to hold -- we tend to hold names for 10 to 12 years so we'd be happy to buy these stocks lower. >> you mentioned rockwell automati automation i gather it's part of a larger thesis, but rockwell in particular. >> well, rockwell

i know honeywell had an office in tehran. down that operation, ge did the same. >> you are not blaming the president here, it sounds like you are blaming his advisers, bonbolton. >> that is what i feel, i read his book, i feel he can -- he is a business person who can do more fruitfuly. trish: kt, faridsays, he is getting bad -- it seems like, maybe good cop bad cop but seems there is one agenda being pushed that iranians are hearing, and some members from mainstream media are hearing and president saying we're not geein going onr with iran. >> i believe donald trump, he is making the decisions, whatever advice he is getting, i know what i made my case to him, he disagreed to it, fine, he has always given me a fair hearing, but he is the guy who decides, he has made this clear he wants a deal, to renegotiate certain aspects of it. we continue to keep their go slow on nuclear part, and for what we'll do a deal with them, and their economy could use a deal. sanctions have affected them, iranians are grad great busines, i do not

jerry honeywell, otherwise known as ginger spice, has announced she has left the spice girls. the latest headlines: the race is on to find a new british prime minister after theresa may announced she would step down over her failure to deliver brexit. the favouite to succeed her is former foreign secretary, borisjohnson, who says he‘s prepared to leave the eu without a deal if neccessary. two abortion and healthcare providers, the american civil liberties union and planned parenthood, are suing the state of alabama over its ban on abortion. the ban was signed last week and offers no exceptions for rape or incest. anti—abortion activists hope the ban will be brought before the us supreme court, and lead to a review of federal laws on abortion. alexa kolbi—molinas is the senior attorney at the aclu, and told me on what basis they were suing alabama. we are bringing this lawsuit on the basis that this ban is blatantly unconstitutional. it violates more than four decades of supreme court president holding that states cannot do what alabama adjusted, which is about abortion. but if

you can add three names to the list, mcdonald's, honeywell, american express we've had this distinctp between growth and value and you are seeing the strategy shift now wanting quality, wanting lower volatility which is what a lot of these quality momentum type names offer you with obviously less assumption of a higher beta model. so i like this strategy. i think it is important. i think it has been defining the markets over the last year and i think that it will continue to do so. >> every one of those names that you mentioned has been upgrading its business from a technology perspective as well. so if you talk about a mcdonald's which they are doing interesting things, when you talk about disney or comcast, the contents players, this war to me will be fascinating and i think you want to own content almost across the board versus the distributor only there will be serious kashlg cas and some serious winners i think it is a safer place to be >> and how about when you look at tech, an issue the last few days, software is the place you want to be they picked microsoft as a result of th

that have pulled back, i would love to be able to add to american express, microsoft, mcdonald's, honeywelly, quality companies today. i'm still waiting. i think that's the right play. will you get the china pmi tomorrow i think that's incredibly important. i'm still confused as to why a german ten year is approaching eight negative basis points, what the heck is that signaling? investment bonds, again, 52-week highs. so i think the right approach is to be sitting back very thoughtful and be very patient. >> pete, you buying anything today? >> today -- over the last couple of days, joe talked about it. >> the market pullback. >> joe talked about microsoft, i love that name i put on a call spread on top of the stock i already own. quite a few others tjx is another example from just yesterday. yesterday too canada goose got absolutely slaughtered it's been a name i liked their guidance, steve was trying to be funny about something but their guidance was very, very conservative. >> allegedly, yes. >> guidance was 20% growth going to 2020. 2019 it was 40%. so if people are looking to 25%, 27% a

then at the top of the hour, guest host will be "new york times" columnist tom friedman and former honeywelleo larry bossiti. the markets and a lot more, and steve bannon will be on. -driverless cars... -all ground personnel... ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. >>> welcome back u.s. labor agency out with a new memo that says uber drivers are contractors, not kbooemployees. the letter from the general counsel said they set their own owns, are free to work for uber's competitors, so they can't be considered employees under federal law. the memo is likely to carry significant weight in a pending case against the company and could prevent drivers from joining a union, although it won't affect scores of lawsuits claiming uber drivers should be completed as employees under federal and state wage laws. under the obama strais, the nlrb argued that many gig economy workers were misclassified as contractors. this is somewhat of an -- >> coming up, wake and bake. hot stocks on the

alix: honeywell is reaffirming its second-quarter full-year outlook, saying it only matters if companies have to lower their forecasts or change their supply lines. that could be reassuring. let's go now to the other side of this. wasnew york fed president speaking to bloomberg television and said we are already seeing a little bit of inflation and may see more because of these tariffs. >> the studies have been very detailed looking at this. we can probably get a couple of tenths on the inflation rate based on what's already been announced. if there's further escalation in tariffs, the effects would get even larger. you are making exactly the right point. this is affecting consumer prices as these are applied more broadly, and he consumer starts seeing it in terms of the prices they are paying at stores. it is definitely a significant effect. david: in the space of about a week we've gone from not enough inflation to now saying maybe there will be inflation coming around the corner. the questiony: will be how much this ripples through in terms of prices. some of the tariffs they are talk