weapons manufacturer general dynamics is threatening to pursue damage claims if canada cancels a arms deal totaling fifteen billion dollars canadian dollars with saudi arabia even as the saudi war in yemen threatens fourteen million people with famine on monday the company claim in a statement worth canada to unilaterally terminate the contract canada would incur billions of dollars in liability to general dynamics lances times canada the missile maker was responding to canadian prime minister justin trudeau who said on sunday he would try and see if he could cancel the deal mr trudeau had previously resisted pressure from human rights advocates to cancel the arms deal using general dynamics as current argument about possible cancellation penalties. it's now been over two months that former saudi journalist jamal khashoggi entered the saudi embassy crown prince mohammed bin solomon of saudi arabia president trump says there is no hard proof that the prince was personally involved but other world leaders disagree and the u.s. senate may force the president's hand to take some action se

just introduce says he's looking for a way out of a deal that would see the canadian arm of general dynamics corporation supply armed armored vehicles to the kingdom and the agreement is were thirteen billion dollars but trudeau says saudi arabia's recent behavior can't go unanswered. the murder of a journalist is absolutely unacceptable that's why canada from the very beginning has been demanding answers and solutions on that secondly we inherited actually a fifteen billion dollar contract signed by stephen harper to export light armored vehicles to saudi arabia we are engaged with the export permits to try and see if there is a way of of no longer exporting these vehicles to saudi arabia a senior white house official says donald trump did not discuss an extradition deal for two no good men with turkey's president at the g. twenty summit it comes after the turkish foreign minister said trump had told the one he was quote working on extraditing the u.s. based muslim cleric turkey accuses couldn't of orchestrating its twenty sixteen failed coup is lived in self-imposed exile in the u.s. for n

general dynamics thanks you for your participation and we thank them for their support. back to our special guest and good friend, admiral shultz. admiral shultz has seen duties as the 26th commandant of the coast guard on june 1st this year. he previously served from august 2016 to may 2018 as commander atlantic area where he was operational commander for all coast guard missions spanning 5 coast guard districts. he can currently served as director of the department of homeland security joint task force east. our navy league is proud of our support and service. i would like to personally thank admiral shultz for this phenomenal vision, leadership and friendship. we look forward to his remarks and insight this morning. please join me in welcoming admiral shultz to the podium. [applause] >> good morning, alan and everyone, thanks for the warm welcome, always a treat to be with the navy league. we are truly appreciative of all the united states navy league does for the coast guard, we enjoyed terrific reputation, relations, and i would say generally given the proportional

another country that you keep up with that compete with, general dynamics has a female ceo and theirtock is up 250% since they became -- [applause] do you think women can run defense companies better than men or all companies better than men? [laughter] [applause] looking at the audience and how many women are out there clapping. [cheers] i would just say, it is a team sport. it isn't all about me on the performance of our company. i have been proud of what our team has accomplished. >> when you walk into the shareholders meetings, do you get standing ovations? marillyn: shareholders, but they always keep a beat on its to make sure we are creating value. what have you done for me lately? ,avid: during the transition the president of the united states sent out a tweet saying your biggest product, the f-35, was too expensive and i think you were out of the country at the time? marillyn: i was in israel where we were delivering their first two f-35's. david: what was your reaction that you were charging the u.s. government too much? marillyn: first, we needed to get the aircraft deliver

including canny quips armored assault vehicles made by the canadian subsidiary of general dynamics even that weak statement is a notable shift for mr trudeau the canadian leader who went to tober worried about what he said would be seven hundred fifty million dollars canadian or one billion u.s. dollars and cancellation penalties if the deal were next in november aid group save the children said eighty five thousand.

firms that they use but on top of that there's there's also lockheed martin raytheon boeing general dynamics who are invested in the u.s. saudi lines and they want to make sure weapons sales keep going through and on top of that there's just the inertia of. seven decades of this alliance basically we are getting oil and tying that oil to the to the u.s. dollar and change we're giving the military security assurances. yet it's just a lot of a lot of stuff to fly a lot of precedents to fight but congress is doing it and the people and they're doing it because of the grassroots pressure that. is just swelling and people just you know they see pictures of almost hussein the seven year old who starved to death in yemen just a few weeks ago and that was on the front page of the new york times and i think i think people really do care about this. it's a little sad sometimes because i must wonder if we don't get that perfect picture perfect perfectly cropped fixer. people don't get how bad it. is a picture of children and a certain certain image is just and vietnam it's always. you know adults can d

equipment including cannon equipped armored assault vehicles made by the canadian subsidiary of general dynamics even that weak statement is a notable shift for mr trudeau the canadian leader who went to tober worried about what he said would be seven hundred fifty million dollars canadian or one billion u.s. dollars and cancellation penalties if the deal were next in november aid group save the children said eighty five thousand children in yemen have died from hunger and disease since a coalition led by saudi arabia attacked yemen in april twenty fifteen save the children also noted that a year after the u.s. supported saudi coalition imposed a blockade on yemen fourteen million people in that country are risk of famine. water scarcity around the world has been a problem for thousands of years it's been the cause of many conflicts and that continues today but there's an interesting and surprising story about water scarcity which may happen in of all places the united kingdom as a result of brecht's that here talk about water and pacifically about this bret's that circumstance is spread kaufman

. >> i was told to go to sterling heights, michigan, and report to the general dynamics tank factoryund up there, he's going to take a ride in a tank. we had an enormous world historic campaign catastrophe. >>> two months to go until the election and presidential nominee michael dukakis hopes his visit to a tank factory will have the whole nation singing "hail to the chief." >> it is a real personal privilege to introduce mike dukakis of massachusetts. >> to show he's a real man, dukakis is going to sit in a tank. what could possibly go wrong? >> there are a site advance person, there's press people and motorcade, and my job was to deal with the sites. they said, you should really get a sense of what this is like. would you like to go for a ride yourself, however, when i looked at myself in a mirror, and i realized i have a bit of a nose the way dukakis does, i thought i will look terrible in the helmet and so will he. and i got incredibly nervous about putting mike dukakis in this tank. so i called the boss at headquarters and told him he's going to look terrible if he wears this he

general dynamics is pleased to sponsor this special topic breakfast. these events are important venues for the defense industry to interface with government professionals. we thank you for your participation and we thank them for their support. now back to our special guest and our good friend, admiral schultz. admiral schultz assumed duties as the 26th commandant of the u.s. coast guard on june 1st of this year. he previously served from august 2016 to may 2018 as commander atlantic area, where he was the operational commander for all coast guard missions, spanning five coast guard districts and 40 states. he concurrently served as director department of homeland security joint task force east. our navy league is very proud of our support and service to our coast guard, and i would like to personally thank admiral schultz for his phenomenal vision, leadership and friendship. we look forward to his remarks and insight this morning so please join me in welcoming admiral schultz to the podium. [ applause ] >> well, good morning. thanks for the warm welco

just ahead of airstrikes in syria defense firms lockheed martin northrop raytheon and general dynamicscorp all set stock price records their shareholders are making money off the unusually large number of conflicts around the world. every two years or so the early military attacks the gaza strip and right after there is a trade show in which israeli weapon companies show their technologies. all of these israeli companies which are becoming an increasingly important and very significant part of the israeli army depend on those wars and the first thing that they say when they try to market we've already used to have an actual human being by making that claim they're able to compete with weapon manufacturers from other countries. the united states is the biggest supplier of military aid to israel this attack on gaza is also trade show for the united states arms industry in. iran in our faces are competing for the crown of militant islam one calls itself the islamic republic the other calls itself the islamic state. both want to impose a militant islamic empire first on the region and then

companies like lmt and general dynamics and even boeing were the favorite places to hang out. i don't think this is supportive to companies that also that's a case where i don't think those valuations are terribly cheap i think this is more bad news for a sector that frankly used to be one of the fair statement. >> let's get back to today's selloff. a number of big tech names slapped dragging the nasdaq into the bear market for the first time since october 2011. bob pisani at the nyse with what's behind the move >> hi, melissa the nasdaq 100 was the market leader going into the fourth quarter. up 20% for the year. that was a long time ago then it all went south right in the beginning of october after fed chair jay powell made the infamous a long way from neutral comment. remember that. some of the biggest names had big falls. facebook hit a high in july. it's 40% off the highs, same with alphabet topped out in july 20% off the highs. most big names topped out in october. apple topped at the top of october now 32% off highs. amazon 28% off highs microsoft holding down 12% these

just ahead of airstrikes in syria defense firms lockheed martin northrop raytheon and general dynamicscorp all set stock price records their shareholders are making money off the unusually large number of conflicts around the world. every two years or so these early military exit gaza strip and right astern there is a trade show in which israeli weapon companies show their technologies. all of these israeli companies which are becoming an increasingly important and very significant part of these ready on a me it depends on those wars and the first thing that they say when they try to market we've already used to add an actual human being by making that claim they're able to compete with weapon manufacturers from other countries. the united states is the biggest supplier of military aid to israel this attack on gaza is also a trade show for the united states arms industry in. iran in isis are competing for the crown of militant islam one calls itself the islamic republic the other calls itself the islamic state both want to impose a militant islamic empire first on the region and then o

recently talking about security kmeerclearances that s- i don't know if it is true or not, that general dynamics was having such trouble getting people cleared that they had to cover parts of their submarines with the tarps so that the work, the uncleared workers who were working on a sub, they didn't see the classified parts of the submarine. talk a little bit about security clearances from the contractor perspective. >> security clearances are necessary and important part of the work that defense and intelligence industry contractors are all married up to the mission of the agencies they are supporting and so want their employees to be cleared and meet the requirements of the customers that they are serving. but it takes a really, really long time. time and money make it hard to support that mission. so the way it kind of looks from the perspective of a contractor is there is a huge effort to attract and hire new talent and talent that is mid-career to come in and work on government programs. so you go through the hiring process which takes whatever amount of time it takes. and then we have an

just introduce says he's looking for a way out of a deal that would see the canadian arm of general dynamics corps supply armored vehicles to the kingdom and equipment is worth thirteen billion dollars the truth is as saudi arabia's recent behavior can't go on our set. and the murder of a journalist is absolutely unacceptable that's why canada from the very beginning has been demanding answers and solutions on that secondly we inherited actually a fifteen billion dollar contract signed by stephen harper to export light armored vehicles to saudi arabia we are in gauged with the export permits to try and see if there is a way of of no longer exporting these vehicles to saudi arabia a u.s. official speaking to al-jazeera says donald trump did not discuss an extradition deal for two and a good n. with turkey's president at the g. twenty summit comes after the turkish foreign minister said trump had told bedouin he was quote working on extraditing the us based was in cleric taking accuses good end of august rating at twenty sixteen failed coup is lived in self-imposed exile in the us for nearly t

we came out and visited general dynamics who made atlas. and i remember gus saying do good work. very poor grammar but we touched every facet of this vehicle. went to mcdonald in saint louis before it was boeing or whatever they are. the result was we got to know mr. mack and the engineers, walter bird and john -- and they were just like brothers and we worked with these men around the clock, visiting and living in st. louis. and that kind of thing made mercury go. we knew what the spacecraft was about, every component, but not the space hatch that i hit with my hand one time. >> i remember back during that era and i would see atlas go up and come back down in flames more than one. >> we man -- the atlas we flew. and after john and scott's flight, the military at loss to have enough courage to send me up on my mission. it was flat grounded. i go off on the mission and everything works beautifully. the spacecraft reacted the way i wanted it to. the interesting part was, though, i got back from the flight, visiting hangar s where i prepared for my suiting up and getting into the sp

he will be asked about general dynamics and of course, the dot plot.ve in paris, next. ♪ francine: economics, finance, politics. but there's -- this is "bloomberg surveillance." nato has its first female army chief. has appointed a woman to lead its army around 7500. -- a people who did not die during a medical vacation last year. u.s. financial markets will shut on wednesday for a national day of mourning to honor former president george w. bush. -- george h.w. bush. cuts and as canada saudi and russia reach an agreement. we are also getting breaking news out of the u.k.. manufacturing pmi rising to 53.1. let's see if it has an impact on pound. theresa may is again trying to spur up a lot as backup for her vote in the house on december 11. that is the latest on the pmi manufacturing data. >> washington had been set to raise duties on $200 billion of imports from january 1 with the white house of debating on whether or not to tax all goods. look forward to the discussion. the relationship is very special, the relationship i have with president xi. i th

as the sector, it's down about 10% in the past year we see some of the picks that you have, general dynamicsre ones that have gotten wat battered what have these companies down to make themselves look better and make themselves look like values right now >> yeah, i think the real thing about using an ita is aerospace and boeing, the biggest constituent of that, boeing, a fantastic stock which we're recommending highly has dominated. the defense group down 25 points on the industrial etf which is where a lot of people are going to benchmark these stocks. depending on the name, some are down in the high teens, some are down in the mid-20s. the ones we like in defense are the ones that we think the earnings algorithm is high quality. we've been pointing out in the last 18 months or so, we think the defense earnings for many companies are overstated due to one primarily being pension income when we look through earnings, we want to find defense stocks which we think the true earnings of a company is truer to the one being reported if they've all sold off in roughly equal proportions and they tra

the impact of additional automobiles being on the road as it pertains to this industry, not dynamic in general, but delivery overall. if we can have the environmental review officer give us an opinion on the -- is that okay, mr. givner? >> yes. basically what you would do in the duplicate, i believe, is remove everything except dynamic delivery amendment and add a ceqa finding section, which would trigger referral to the planning commission's environmental review officer, which would determine if this is subject to ceqa at all and if it is what level of environmental analysis -- >> supervisor safai: do i need a motion to add ceqa section? >> yes. >> supervisor safai: okay. can we make a motion to find a ceqa finding section to the document? president cohen? >> president cohen: i want to acknowledge that you duplicated the file, but we did not change the a.m.i. levels. >> supervisor safai: we will come back to the one that will good to the board. we haven't finished with the document yet. you want to remove that as well? >> president cohen: yes. it should be in both files. i suggest that you re

. >> one of the general dynamics of this industry is data minimization and you brought it up if you moments ago. the issue i had was from march of this year, there was a security breach from google take out. it was 5.5 gigabyte, not a few names and addresses of where you went. why does google need this information? we can answer that and the fact that 85-86% of your revenue comes from advertising so we know you manipulate the data in some way. can you explain what you do to minimize this data? generally a standard practice among those who collect data? >> our goal -- if we are providing you with a service like gmail which we have done for 15 years, we store that data for our users and they expect us to. we try to match user expectation. for the data, most of it comes from the keywords you type. the minimal data, we give you options to turn this personalization off and we store most of the data to help give the user experience they want and that's what we are trying to do. >> i go back to where i started. perception is reality. how you monetize, how you control the flow of information and th

may want their be available to but they don't want -- we give users.ices to our >> one of the general dynamics in the tech ose industry is data -- the issue hat i had in march of this googlee downloaded quote takeout. 5.5 gigabyte. names, not just a few addresses. number one why, does google need all of this information? that in the fact that 86% of your revenue comes rom advertising so we know you manipulate the data in some ways. can you explain what you do to data which is generally an accepted standard practice among those who collect data? is, but -- for example, if we're providing you g-mail which we have done for 15 years that data, we need to store it for expect us to.hey so we're trying hard to match users' expectations. need, our data for advertising, as i said earlier, a keyf it comes from just word that you type. we need minimal data. give you options to turn ad data off. we give users the experience they want. >> i'm going to go back to where i started. perception is reality. the amount of data being collected, how it's used, how ties basically the flow of information that you hav

general? >> first, if i can, don, to comment on what sam said, it's an interesting dynamic. before i took a division in iraq and he was nothing short of a less than calming influence. he had the ability to chew butt with the best of them and was quite dynamic but what is interesting is the requirements for strategic leadership is to address your superiors, the people who are your bosses in different ways depending on their style. where he may have been forceful with president obama who was somewhat calm and didn't make the quickest of decisions and had to be forceful with president trump, he was proba y probably, i didn't see him but i would suggest he was very calming in his attempt to influence and talk him off the rails. to get to your question who is left? we lost some key figures in national security. we've lost some key figures within the cabinet. secretary mattis' resignation and his departure is much different and i want to make this point, too, don, that military officers throughout their career discuss resignations in their different schools and the work college and

go through another potentially bruising confirmation battle, especially given the new dynamics in congress. generallly, acting chief of staff mick mulvaney already hard at work negotiating on the partial government shutdown. he was a cofounding member of the freedom caucus and he is going to also be negotiating raising of the debt limit it will be another contentious fight in the next first quarter of this year. and the nikki haley is being replaced, someone will have to go through a senate confirmation, the former fox news contributor and anchor now finds herself on the geopolitical world stage. vonnie: the president may even have bigger issues to worry about, a whole new congress to contend with the day after new year's day. kevin: absolutely. with the government remaining partially shut down, like least nancy pelosi is going to have to firm up votes for her part as well as turner negotiation tactics not just of president trump, but also to the progressive members of her party. likely what we are expecting us for there to be a government funding bill advancing out of the house of representatives

generation of b. class here on new orca and some things are different than its predecessor the sports tourer has a more dynamic appearance more agile handling more comfort from a sadie's hopes it will attract younger buyers and strip away its dodgy image will find out they've succeeded. more than one point five million of the first and second generation sub compact m.p.v. have been sold since two thousand and five now for the third generation the vehicles been completely modernized and saying he's anxious to stick new standards in its class. the from ten does now flatter as are the headlights which emphasize

would be to accept the amendment today to allow for the process to begin for delivery and dynamic delivery in general. that process can move forward. i know that there is a whole host of folks in the industry who are trying to move forward with delivery and accessing delivery and processing dynamic delivery. this is about dynamic delivery today. but what i was intending to do was accept the amendment, and on monday duplicate the file so we can continue the conversation to add in additional safeguards. allow it to begin to move forward, and then amend it further so there will be some really clear additional oversight in terms of sharing data and observing bad actors or unlicensed operators and really getting an idea of setting the framework for this. that would be my preference to allow this to move forward. >> supervisor stephanie? >> thank you. i am inclined to have this move forward as well. we can look to our state regulations in terms of not allowing unlicensed operators to deliver. there is a lot that we can do if we do duplicate the file in terms of continuing the conversation. i am inclined to

generations. it's that the dynamic changed, the conditions changed. this is not about blame. there are no real villains in our book, just a lot of people doing what they thought was good for kids. and if as lila said in her introduction, i've got to get that book. what was it called? the nurture shock. i haven't read it. things we've been doing for a long time are bearing fruit, and it's not, not a very sweet fruit. so this is a story about how good intentions and bad ideas are setting up a generation for failure. thank you. [applause] okay. so at this point we've already talked 30 minutes -- [inaudible conversations] should we throw it open for questions? okay. take that. all right. we welcome your questions. is this amplifying? >> hello? [inaudible conversations] >> one is amplifying, one is recording, i assume? okay. how about now? yes. all right. >> oh, sorry. >> thank you. really fascinating. very informative. [inaudible] [laughter] my question is maybe a collection of very closely-related questions. it's a request for a sort of class perspective on everything you just t

no audi model is closer to a race car with that sharp dynamic winds now audi has unveiled the second generation it wants high performance art eight intervened ten minute engine and newly developed quatro drive ensure remarkable performance especially in the top version with four hundred forty nine. kilowatts the r eight accelerates to one hundred kilometers per hour in just three point two seconds and has a top speed of three hundred thirty kilometers an hour. when people go on holiday they often travel by car so to make sure the trip to your next vacation destination is an enjoyable and safe one we've got some tips for you . first off get your fellow travelers to make a list of all the things they'd like to take along for the right after that you can leave it up to the roll of the dice what things will get left behind if there's not enough space. automotive journalist i know dies and over says whatever the season travelers should load their vehicles sensibly and safely sensibly means that things which need to be removed first get put in last safely means that nothing should go flying because i

just ahead of airstrikes in syria defense firms lockheed martin northrop raytheon and general dynamicscorp all set stock price records their shareholders are making money off the unusually large number of conflicts around the world. every two years or so the military. right after there is a trade show in which israeli weapon companies show their technology. companies which are becoming increasingly important and very significant. and on those wars the first thing that they say when they try to market we've already used i don't actually. making that claim they're able to compete with weapon manufacturers from other countries. the united states is the biggest supplier of military aid to israel. this attack on gaza also take over the united states arms industry. the was. iran and isis are competing for the crown of militant islam one calls itself the islamic republic the other calls itself the islamic state both want to impose a militant islamic empire first on the region and then on the entire world they just disagree among themselves who'll be the ruler of that important in this deadly

you also have this new dynamic at play with the acting attorney general matt whitaker who would then have to approve any subpoena to interview the president. so there are certainly changing dynamics at play in that part. >> and finally, any sense that the special counsel's interest and desire to talk to the president has anything to do with following up specifically on new questions that may have been raised from his written answers? >> no. and i want to be clear on that. the continued interest is the same as it was from the very beginning, according to a source i spoke with. it's not as though the interest has increased or something new at play because of the answers the president's team gave in response to those questions, john. >> pamela brown, great reporting. one thing is clear, though. if the president and his legal team thought it would go away, it hasn't. and it didn't. pamela, i appreciate it. >>> want to get the latest from jim acosta. jim is at the white house. tell us about the president's view on this. the white house has been awfully reluctant. >> that's right. if you ta

just ahead of airstrikes in syria defense firms lockheed martin northrop raytheon and general dynamicscorp all set stock price records their shareholders are making money off the unusually large number of conflicts around the world. every two years or so the military. right after there is a trade show in which israeli weapon companies show their technology. companies which are becoming increasingly important and very significant. and on those wars the first thing that they say when they try to market we've already used i don't actually. making that claim they're able to compete with weapon manufacturers some of the. united states is the biggest supplier of military aid to israel. this attack on dies out also take over the united states arms industry. the with. iran and isis are competing for the crown of militant islam one calls itself the islamic republic the other calls itself the islamic state both want to impose a militant islamic empire first on the region and then on the entire world they just disagree among themselves who'll be the ruler of that empire in this deadly game of thr