i remember the honeywell of the past that made the dashboard for the space shuttle.. now, as you talk about exactly what you're doing in this new tech space, it's software. what is the software that you are putting together going to be able to do for customers and other businesses out there? >> well i think it's the evolution of the company. when i took over for dave cody, who obviously did a great job running the company for many many years i got a lot of advice to just keep doing what he's been doing and run the same play book, and i knew if we wanted to move from being a good company to a great company, we needed to sort of have the next evolution and the next playbook. if there's a common thread throughout honeywell, it's that we are control/systems company, so whether it's controlling an aircraft controlling a warehouse, controlling an industrial facility, we are essentially, that is the common thread and when you control things, when you control the expertise, you have to be connected to the full systems out there, so all the component, all the sensors, in a bu

we come to you for big tech but you are now looking at honeywell and maybe considering honeywell attackig name tech stocks but attack stock nonetheless. watch the developments with honeywell. >> what i'm interested in is what they have done with their experiencing control system, their ability to bring data and what they are doing going forward in terms of being able to find a tech platform for industrials. if you look at what they have done they left the stock exchange and gone to the nasdaq, they are engaged in the most successful quantum computing capabilities, stock should be sitting at 250 is our guess in terms of where they are in their ability to do that plus there's the other business, they've done ppe, aerospace and really good in terms of energy exploration with solvents and chemicals required for the energy production. it is much more than that, no thermostats anymore, they sold that business and what we are seeing is the ability to bring massive amounts of data from machinery back to the digital world and that is where the opportunities live for honeywell. stuart: fascinatin

boeing and honeywell. what's on top of the transports today? ryder, fedex and jb hunt. these are all old school profitable companies, they are evolving, and they are all doing the right thing, but you don't see people running out and buying snowflake on this dip right now. liz: okay, well to you, scott shellady. sarge makes the case that people want the solid sort of value-ish names by the way the ceo of honeywell was on this show this week, ceo of ford on the show this week, so they are coming here to the "claman countdown" to give their story. we've been on this case. where are the flows you see in and out of different sectors as we know that inflation is heating up. >> well that's the problem. i mean, i cover the school of i'm a little worried about myself here because i kind of have to agree with the fed a little bit. yes, we've thrown a ton of capital over the pandemic at our businesses and at our unemployed that necessarily doesn't have to go to the market. that might go in their stomachs because you have to eat and they have to live, but i also do know this. when

inflation is what worries honeywell ceo darius adamcheck. >> the economy is doing a little bit betterty careful about unintended consequences which will be inflation. we are seeing fairly substantial inflation, it's definitely here and it's probably a bit more pronounced than most people think. >> he was speaking with my colleague -- my colleague matt egan. honeywell is the world's largest industrial company by market value so what he says really holds a lot of water here. makes everything from n95 masks and jet engines to quantum computers. says they are struggling to keep up with pricing pressure from lane for steel. fed officials do expect prices will rise this summer but say increases will likely be temporary as these supply kinks work their way out of the system. investors have been worried about price increases for months. consumer prices in april rose 4.2% from a year ago that's the fastest inflation since the financial crisis. that increased concerns the fed will have to act sooner to stop the economy from overheating. >> those price increases are already here. >>> big reopeni

we have sonos recently they're humble but direct to consumer rocket mortgage, they're doing well honeywell, we have them on all the time 3m, i can't believe how well they're doing. these are all yours. they're always going to admit offline that they accelerated because of salesforce. what aria doing for these companies that are so good for them >> well, i am grateful to all of those great customers of us. sonos is great story the revenue is up 84%. we were able to help them go direct to consumer so many companies are doing that but doing that at scale. 84% growth really driven by our cloud, our marketing cloud, our sales cloud. we're able to build a single source of truth for all those customers executed by sonos, they're able to precision market to every customer. sell them exactly what they need, and you know what, being at home, we needed more sonos. i'm sure you have more, too. >> you bet i did i have it in every place i just love it mark, i love a company overview, which has durable growth and scale, we all want that. we want the number one crm software provider, but there are three c

combinations that actually match by star get their only way to really make people to change their current honeywell based products and start consuming plant based products is when they have a really tasty alternative. and it seems people do find these products they speak for must start the same people into 16 not the britain's world not in america and has recently entered the us it's one of a number of food companies writing a global trend towards value we released the name of products or known as the old one prediction says that in 10 years' time the alternative media industry will be bored the $140000000000.00 supermarkets and 1st brands are jumping from the bandwagon. i've been pretty well we do you want to bother us here. there are a lot of people make it up on solution to a plant based diet and we want to be part of that also that we want to reduce our carbon footprint and how many people are consuming it we're probably delivering between then of course 1000 pieces each month. now for with the folks. not me yeah it really feels like an actual. cheese excuse this is to be a peter goelz. it's be

those companies, you can find across a number of sectors, not just commodities take, you know, honeywell example. it has strong management team and it can pass on the higher costs. where, i think, companies get into trouble are what i call middle man that is where it will take the higher inflation costs from commodities and cannot pass on the costs. those are companies with goods or services that feed into our goods. >> it sounds like you are a remember viewer of the show. >> i am. >> i'm not just a viewer, i'm also a guest we talked about semiconductors shortages. a lot of investors are nervous you remain long and strong >> semiconductors corrected 10% or so. if you think through the demand that is coming in from the amount of savings that the consumer has which hit all-time highs this week,es essentially you will get another stimulus. you will have european growth coming through asian growth coming through. demand will continue for semiconductors with this industry, it is not so much flicking a light and you can produce more it takes quarters or a long time to do manufacturing and do t

to the effect of there is a lot of stocks you can buy berkshire b-shares, jpmorgan, mcdonald's, honeywell and schwab so i think we're well versed with why you may like these names, but last thought, you were in your past life the number one ranked semiconductor analyst on wall street, right? >> right yes. >> so i'll forgive you in you're biased toward the space. you know how you analysts are, but what's up with the space with the chips >> first point, those are quality real big names i think you said to fade the low quality ones that are reopening, because they have gone up a lot and get into the higher quality names. in terms of the chips, i wouldn't worry about today's sell-off too much, to be honest, backlogs and to book ratios. the book-to-bill is how much they ordered to how much they shipped. as soon as you put something on backlog that they don't need, that's when you run to the hills. demand i think is exceeding supply, so you want to add the space. i wouldn't pick on any individual names, but hol holistically you look at the group, and you want exposure to the group. i'm optimist

if you're looking for some of the real weaknes names like caterpillar, honeywell as well.icular stocks. >>> we're also looking at several vice-oriented stocks some of the big movers in brewers. all three are holding on to year-to-date gains with molson coors up over 20% so far in 2021. >>> then there's the pot stocks trading well below their recent highs and staging a bit of a rebound recently, especially today. tilray up double digits or so just so far this week. so keep an eye on beer and maurma marijuana, kelly. >>> companies and ceos taking political stances has become more common place. now a new ad campaign is taking on what it's calling woke capitalism eamon javers joins us with the details and a look at these ads. right, eamon >> that's right, kelly this group is called consumers research, a conservative organization it's a nonprofit and they're running what they say is a seven-figure ad campaign designed to push back on some of what they criticize as woke capitalism they're sharply critical of ceos by name of american airlines, coca-cola and nike the whole campaig

the stocks dragging it lower, honeywell ant helping. >>> christie's selling a collection of nine nftsing bubble continues here a series of nine crypto punks becoming the second-most expensive nft lot ever sold at auction, going for twice their estimated at christies at $17 million. crypto punks are pixelated faces that were created by computer algorithm at larvea labs the most prize ready the so-called aliens there are only nine of them. one of them was included in the christie's group we don't know who the buyer of this was but some nft chat groups today saying they actually thought they should have sold for more since a single alien sold for $7.5 million back in march. the average price for a regular crypto punk is $80,000 overall nft prices had been weak, down 60% in april compared to fed vofebruary the crypto craze moves on to sotheby's tonight where a banksy will sell. they will accept crypto as a payment for between 3 and $5 million. >> robert, very quickly, if you can. last night, second most expensive nft, except sales or prices were down 60% in april. how do you reconcile bot

jobless claims came in much better than expected hitting a pandemic low industrials like boeing and honeywell are leading the dow in hopes for an economic recovery pending home sales this morning coming in weak and durable goods orders fell for the first time in a year. we have 59 minutes left of the session. >> and we will pick up on that economic data when we talk to dallas fed president robert kaplan he joins us this hour. >>> plus, we're continuing our summer unmasked series with the ceos of elf beauty and cedar fair we gear up for a big holiday weekend. let's get straight to the big stories. mike santoli tracking the market action wilfred with the latest on the bank hearing at capitol hill and ylan mui with details of president biden's budget proposal the dow is up 117 points where do we stand? >> the dow may be giving the illusion of movement because 100 points used to be something. but boy, the overall market is really managing to hover here in a pretty still fashion for much of this week not in a negative way necessarily, it's sort of firm underneath the surface, especially the intrad

jobless claims came in much better than expected hitting a pandemic low industrials like boeing and honeywells for an economic recovery pending home sales this morning coming in weak and durable goods orders fell for the first time in a year. we have 59 minutes lef

portfolio -- sales, customer service, marketing and e-commerce, qc incredible demand from companies like honeywellnd we are excited about not only that strength of our organic business, but also the opportunity to bring together slack, which is really the digital hq for this all-digital world, together with our customer 360, and we think the opportunity is incredible. shery: what sort of impact will the reopening froms the pandemic lockdowns have on your business? bret: it was really exciting, actually, just in the past couple of weeks, we are not the reopening of salesforce our london and salesforce power san francisco. our ceo and i were in the tower this week. we are seeing an exhilaration. that is reflected in the demand environment in our customer base. as the vaccines become more effective, as places like the united states and the u.k. and europe you're really seeing caseloads going down, the economy is reopening. industries impacted by the pandemic are investing in growth again and you are seeing it in the numbers. the more interesting question is, talking to executives and our customer bas

. >> malcolm, i know logistics, we've had zebra on, honeywell has got a logistics and the intelligence i'm -- who do you really compete aga against? those companies or just the giant warehouse companies? >> jim, gxo is going to be the second largest logistics company in the world the reality is the reason it's a strong direct competitor that competes across all of the different markets that gxo is working in, of course, there is going to be local competitors in country by country and maybe competitors that specialize in a particular vertical maybe chemicals or ag business but in terms of the breath of gxo, there is going to be very few companies you can compare the organization to. it's really a world beating environment. >> let talk about e commerce, retail, food and beverage, consumer technology. i see apple, h&m, i see zara, nestle, dockcoca-cola, these are your customers >> absolutely, jim gxo ranks 30% of the fortune 100 companies as customers and the great thing about gxo is the customers we work with, they stay for a long time of the top 20 customers tenure of the dcustomer so t

a few weeks ago, honeywell was held up with ransomware. we saw this at apple as well, and the spilling out stolen data online. back up your data, so if you hit with ransomware, he will be okay. when criminals are saying we're gonna dump your data online, backups don't mitigate against that. we are facing an innovative and very clever adversary. there is so many of. them 30 ransom groups out there that threaten to lead their data out online. >> in this case, bring about the shutdown of the largest field pipeline in the country. for an attack that seems that minimum, like it will take it down for at least a week. nicole perlroth. author of the book this is how they tell me the world ends. nikole, thank you for your clarity and tolerance on walking us through this more complicated stuff. great to have you here. >> thanks to have you here. last time we talked was over the water treatment facility hack. hopefully things will have improved next time we speak. i don't have much on that. >> yeah, exactly. things aren't trending in a good direction

combinations that actually match by star get their only way to really make people to change their current honeywell based products and start consuming plant based products is when they have a really tasty alternative. and it seems people do find these products they speak for must start the same people in 26 the not the britain's world not in america and has recently entered the us it's one of a number of food companies writing a global trend towards value we released the name of products or known as the old one prediction says that in 10 years' time the alternative media industry will be bored $140000000000.00 supermarkets and 1st brands are jumping from the bandwagon. i've been pretty well we do you want to bother you here. there are a lot of people make it up on solution to a plant based diet and we want to be part of that also that we want to reduce our carbon footprint and how many people are consuming it we're probably delivering between then of course 1000 pieces each month. now for with the folks. not me yeah it really feels like an actual pound of cheese if you use this interview peter goel

actually match the animal by star get their only way to really make people to change their current honeywell based products and start consuming plant based products is when they have a really tasty alternative. and it seems people do find these products they speak from a startup of 10 people in 2016 not good now has a brezinski world not in america and has recently entered the us it's one of a number of food companies we turn writing of global trend towards value we released the name of products or known as the old one prediction says that in 10 years' time the alternative media industry will be bored the 100 and $40000000000.00 supermarkets and 1st brands are jumping from the bandwagon. i've been pretty well do you want to bother you here. there are a lot of people make it up on signal to a plant based diet we want to be part of that also that we want to reduce our carbon footprint and how many people are consuming it we're probably going to read between then of course 1000 pieces each month. now for with the folks. not me yeah it really feels like actually. she's received this interview pe

actually match the animal by stargate the only way to really make people to change their current honeywell based products and start consuming plant based products is when they have a really tasty alternative. and it seems people do find these products they speak from a start up of 10 people into 16 not good now has a presence the world not in america and has recently entered the us it's one of a number of food companies writing a bill trend towards we released the name of products or known as the old one prediction says that in 10 years' time the alternative media industry would be bored the 140000000000 dollars supermarkets some fast food runs for jumping on the bandwagon. i've been very well read you want to bother you here. there are a lot of people make it up on solution to a plant based diet we want to be part of that also that we want to reduce our carbon footprint and how many people are 1 consuming it we're probably going to read between then of course 1000 pieces each month. now for with right folks. not me yeah it really feels like actually. she's refused this interview peter goe

a few weeks ago honeywell was held up with ransomeware. we saw this at apple supplier held up with ransomeware. and these ransomeware groups are now spilling out stolen data online, which makes backups -- we tell victims back up your data so that if you're hit with ransomeware, you'll be okay. well, when criminals are now saying we're also going to dump your data online, backups don't really mitigate against that. we're facing an innovative and very clever adversary, and there so many of them. there are about 30 ransomeware groups out there that are hacking american companies not just to hold their data hostage, but to leak it out online. >> and in this case too, bring about the shutdown of the largest fuel pipeline in the country for an attack that seems like at minimum is going to take that down for at least a week. nicole perlroth, cyber security report for "the new york times," author of the new book "this is how they tell me the world ends: the cyber weapons arms race." nicole, thank you as always for your clarity and tolerance for wa

industrial conglomerates is a large subindustry, a lot in there, with honeywell, ge, et cetera.logy companies asset light, cash generative. one of the companies they own in the portfolio is a company calls transcorps. they are specifically attuned to the railroad technology used around the u.s. and around the globe. because of this rope hears not participated as some of the more cyclical industrials. [closing bell rings] liz: we have to cut it there, john, thank you. there is the closing bell. the s&p 500 is now down for the month. ♪. larry: hello, everyone, welcome back to "kudlow." i'm larry kudlow. a lot of breaking news tonight in the middle east. just hours ago a barrage of rockets fired from the gaza strip into tel aviv. fox news was the only network there as the rockets were blocked by israel's missile defense system known as the iron dome. hamas says it fired 137 rockets towards israel today and still has more to show. this latest attack came after israil

and a top toyota supplier is teaming up with honeywell to build electric motors for new aircraft designedand cargo across congested cities. in south korea, consumer sentiment has risen to the highest since june 2018. in the latest bank of korea survey, that is been buoyed by strong first-quarter growth and a vaccine rollout improving. the central bank will also be releasing household credit numbers. watch out for those because household debt has been accelerating fast in south korea chaz constrained what the be ok can do. and the korea exchange will release its index member changes. for the kospi and the k rx benchmarks. haidi: with south korea vowing to halt finances to coal plants, they did not announce any new emissions target. there is one potential clean solution and that lies in hydrogen. the rise in green hydrogen made from solar or wind electricity as an alternative. it is projected to have one of the highest production costs in the world. let's bring in our hydrogen analyst, martin. what are the implications, the cost implications at the moment you crunch the numbers for using th

new look across our portfolio you see incredible demand from companies like honeywell and others.he strength of our organic business but also the opportunity to bring together a stock which is really the digital hq for this all digital world and we think the opportunity is just incredible. shery: what impact will the reopening from the pandemic lockdown have on your business? >> just over the past couple of weeks we announced the reopening of salesforce in london and san francisco. we are seeing this across our customer base. first i think we are just seeing acceleration that is reflective of the demand. as the vaccine becomes more effective, places like the united states, u.k. and europe, really seeing caseloads going down, economies are reopening, industries are seeing growth again. the more interesting question is, a lot of these companies have learned a new way of operating their business. people are selling over zoom rather than getting over airplanes. we are not going back. the interesting question is, what is this new way to work? shery: so is the growth coming from new cus

caterpillar was the biggest drag along with goldman sachs, honeywell.rs the only sectors to close up were real estate and health care, everybody else was lower energy the hardest hit, down 2.6% the nasdaq gave up its gains it was outperforming most of the day and take a look at what happened into the close. down half a percent. technology did fare better but you saw apple, amazon, microsoft, facebook, all down at the close. the russell small caps closing down three-quarters of 1%. investors are waiting results from take two interactive. the stock down 20% this year we'll have instant analysis of the numbers as soon as they are out. >>> plus bitcoin is up more than 300% over the past year but is down 20% just over the last week coming up, you will hear from somebody who sees a top developing in the cryptocurrency. >>> let's talk about the close joe terranova is still with us, dan suzuki joins the conversation mike, what happened there into the close? >> i don't know that anything in particular happened, to be honest i think we're still in this process of

amazon, apple, tesla, even honeywell are solid in terms of fundamental, and those are -- they've beenmo and the reopen rotation that's impacting stocks as people are trying to figure out do i take my gains, and that's what's driving the big tech stocks down at the moment. definitely not interest rates and definitely not the economic outlook. those fundamentals in terms of how they win on data and how they're building 40-50% growth in quarter over quarter even with tough comps, these companies are here to stay. you might change your allocation, but these are going to be spots for the next decade. neil: you know, mic, could that already be -- mike, could they run too far ahead of themselves? how do you feel about them as a group? >> it could be, but i don't think so, or neil. i think when you look at the big tech names, the apples, the facebooks, the googles, the microsofts, that's where the growth is coming from still. that's where the innovation is coming from still. and one thing to think about, neil, the s&p 500 is sitting roughly 1% off an all-time high. the 207 five holdings -- to

and then honeywell and caterpillar are a bit closer to their recent highs but both tracking to endingk in negative territory analysts say prolonged infrastructure talks is one of the reasons this group has underperformed in recent days. sara. >> seema mody, thank you. >>> still to come, tech investor eric jackson gives us three names he likes following a roller coaster ride for the tech sector. >>> plus the ceo of footlocker stops by his stock is now up more than 50% for the year we'll ask whether inflation and a shortage of workers could slow down the run it's not some magical number. and it's not something we just achieve at the end. it's a feeling... of freedom to live our lives the way we intended. though the ups... ...the downs ...all of it. this is financial security. and lincoln financial solutions will help you get there as you plan, protect and retire. this is lincoln financial. new projects means new project managers. protect and retire. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our

the energy stock, chevron, which is lower home depot adding to the dow's gains the most and 3m, honeywelloing well look at the s&p 500 also coming back strong up 1.25% still down for the week but does look to break a three-day losing streak financials and industrials are your best performing sectors, along with utilities everyone is higher except for energy the nasdaq is higher by three quarter of a percent by the close and went negative and has come back. like the semi conductor and the chip stocks and some of the big cap tech like apple and microsoft and small caps also come back 1.7% >>> welcome to the "closing bell" i'm wilfred frost with sara eisen the nasdaq up 0.7% and they have been briefly negative for a brief part of the session around 2:00 p.m s&p 500 up 1.2%. the dow up 1.3%. off its highs 433 points compared to about 600 points at the high of the session. in terms of what remained in the red throughout ark innovation and rounding out 9% decline this week tesla down 3% and 15% low this week and bitcoin worth pointing out closing below or not closing, it's still trading but jus

and apple you've got gainers in there like united health care, j&j, some of the industrials like honeywell and caterpillar. we'll have much more on the market with the nasdaq down 2.3%. >>> after the break, under armour getting hit but reporting strong earnings before the bell. we'll speak with ceo patrick frisk in an exclusive interview next you're watching "closing bell" on cnbc. ♪ when i was young ♪ no-no-no-no-no please please no. ♪ i never needed anyone. ♪ front desk. yes, hello... i'm so... please hold. ♪ those days are done. ♪ i got you. ♪ all by yourself. ♪ go with us and find millions of flexible options. all in our app. expedia. it matters who you travel with. so you're a small business, expedia. or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, wi

stocks under pressure, united health, bank of america, goldman sachs, honeywell are weighing on the dow. more "cavuto: coast to coast" after this. ♪. that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads. or these sandwiches... ten-x does the same thing, but with buildings. sweet. oh no, he wasn't... oh, actually... that looks pretty good. see it. want it. ten-x it. yum! my retirement plan with voya keeps me moving forward... even after paying for this. love you, sweetheart they guide me with achievable steps that give me confidence. this is my granddaughter...she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. come on, grandpa! later. got grandpa things to do. aw, grandpas are the best! well planned. well invested. well protected. voya. be confident to and through retirement. in business, it's never just another day. it's

. >> honeywell was booted out and then back in >> right. >> what was that about >> ge, look, a littleore work on this compensation, it was strong, this company. >> yes, it was strong. >> we didn't talk enough about it. >> it was designed, mr. culp's compensation was designed the board said to make sure we stay, basically, make sure he was fully incented to stay but they did drop had from 12 to 6-something. in terms of where he actually was going to be -- >> stay, like he should have a cot in the office and never leave until the stock gets to 20 or at least he gets the gross margins like farley did, ebitda margin of, for 2023, 6.3, and 4.7 here, i would like to see larry culp get growth. but growth. >> and it is hard to get growth in the last year given what happened to the aircraft engine business overall >> greg over there, raytheon, he had growth but he didn't reprise. >> he did n-- re-price. >> he did re-price. >> that's why shareholders said nonbinding resolution, said no thank you, that's not right. >> and with re-pricing i will say from my own experience because years ago we wer

in 2002, he was named program director for the honeywell company's $450 million cleanup of the most polluted sites in the country. he worked for environmental regulators and oversaw teams of engineers to clean up a lake with more than thousands of pounds of mercury. mr. katko: today it is part of the music venue and houses boaters, fishermen. it has become a favorite place for bald eagles. the lake is part of a revitalization because of john. happy retirement, john. thank you, mr. speaker, and i yield back. the speaker pro tempore: for what purpose does the gentleman from new york seek recognition? >> i ask unanimous consent to address the house for one minute and to revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized for one minute. >> thank you, mr. speaker. today i rise to recognize military appreciation month. serving in america's armed forces is one of the most courageous and selfless decisions citizens of this country can make. it is a decision we should never cease to honor and celebrate. frequently, however, our active duty service me

the balance of the year it's a comment echoed by other industrial companies like caterpillar and honeywell how fast can deere build up the inventory to meet rising demand. infrastructure talks heat up in washington, deere is seen as one of the key beneficiaries of an infrastructure bill. also an update on the newest technology combines that use artificial intelligence and robotics to testing drones to spray crops and identify weeds deere spends about $2 billion a year on research and development. that's 40% more than its key competitor cnh industrial. that's one of the reasons investor kathy wood added to ark's etf. shares of deere up 1.6% in pre-market trade "squawk box" will be back in two. it's not some magical number. and it's not something we just achieve at the end. it's a feeling... of freedom to live our lives the way we intended. though the ups... ...the downs ...all of it. this is financial security. and lincoln financial solutions will help you get there as you plan, protect and retire. this is lincoln financial. >>> coming up, barry diller is going to be joining me live right h