that was the test article number eight and that eye accompanied down here from bethpage where grumman was located and put it through a full series of tests to validate that the environment control system as well as the thermal control system could manage and keep the vehicle from getting too hot, too cold and it helps the equipment, make sure that the equipment didn't get too hot. as i said before, in space there's no atmosphere. heat gets carried away only by direct contact with cold plates and that was what bill was talking to. >> that vehicle was brought down here and put in the space environment out on the back part of the center and it's a great -- it's a huge vacuum chamber. and they would pull a vacuum, run liquid nitrogen through the walls and they also had a number of lights that simulated sunlight. so the lunar -- unlike the command module, which is always in space and was rotating, so it would barbecue and so the sun would see different sides or sun on different sides of the vehicle constantly, the lunar module, once it sat on the surface, sat there. and it did not barbecue

so i like this one on a further recovery >> jim >> so it did this earlier in the week northrop grumman, particularly in the areas that they service satellites, communications, drones, and also, excuse me, missiles as well you think about the new space command that's proposed to be put into place, and that's absolutely going to benefit northrop grumman so we've got a difficult tape here on the market overall this stock continues to perform well, and i think it's going to go higher. >> i can't believe what i'm about to say [ laughter ] snap i mean, years ago, and i was one that beat up on snap the $4 stock back in december i know a lot of people are along twitter on the desk. and rightly so, the momentum, the technicals look good >> because there was no belief in snap. but snap looked back >> cannot ignore the technical formation. cannot ignore the strong momentum that it is garnering and a tape that's been very, very volatile trading well >> all right you guys have a great weekend. >> you too, scott. thanks so much for watching. "the exchange" begins right now. >>> thanks very much, sco

new c-130s that can hold 4000 gallons of fire retardant, compared to just 1000 gallons in the older grumman tankers. the state is also getting a new, several new blackhawk helicopters they can hold thousand gallons of fire retardant versus 340 gallons in the old helicopters. >> we are now getting the helicopters, which is really fantastic because they can fly at night and they condemn fire retardant at night. >> of the news and also talked about the state, a few here in the bay area. nuisance as a firebreak and north your answer is 22% complete but a project has hit a lot of red tape. >> there is one project up there in highway 17, before we can get it started. >> the goal is to get all emergency projects. >> we are just getting word, this happened in the area of night and morgan street. police in the have a suspect in custody, there is no threat to the public, the police and sheriffs department are on the scene at this point, the latest coming up at 11. >>> coming up next, hour five original report. >> the computer company that moved into a toxic mess. >>> the greatest fear is that one of

number one, grumman, mr. kelly, the designer, the builder of the lunar module of grumman aerospace. it is that company that put it together. it was never really mentioned. we, the engineers, technicians, who spent many hours have never been credited with the work that we did. and i wish you would mention, not just grumman, but companies like piw, boeing, m.i.t. we made it possible for these astronauts to make it safely. you guys don't know really the technical problems that we encountered, and we had to make sure that when we change a switch, a panel, the intense testing we did day and night until we were sure we had it safe and to be able to get the astronauts to the moon and back. and it was "apollo 13." we used lunar module light board to come back around the moon and come back to earth. but i wish they would mention that because, yes, the astronauts deserve the glory. they took a high risk, but it was we, the contractors who made this possible. thank you very much for -- >> why do you think that's importa

the point i would like to make is i worked for grumman aerospace. there has never been a real credit -- a credit to the contractors that designed. designer, the the builder of the lunar module of grumman aerospace. it is that company that put everything together. it was never really mentioned. we the engineers and technicians that spent many hours -- we have never been credited with the work we did. i wish you would mention not just grumman but companies like trw, boeing, m.i.t. we made it possible for the astronauts to make it safely. you guys don't know really the technical problems we encountered. -- theto make sure intense testing we did day and night until we were sure we had it safe and could get the astronauts to the moon and back. apollo 13. we used the light board to comebacker the moon and come back to the earth. i wish you guys would mention that because, yes, the astronauts deserve the glory. we the contractors made it possible. host: why do you think that's important to mention? why do you think it does not get mentioned a lot? is the g

i graduated college in 1966 and went to work for grumman at the time. i started testing the environmental control systems on the lunar module. that involved getting co2 out of the atmosphere because in a closed environment, you have to scrub it otherwise you are in trouble. all the life support tech things were my focus during the testing and development phases. bill? >> good morning. i grew up in arkansas and got here as fast as i could. [laughter] [applause] joined here in 1967 and went straight to the flight control division and was a flight controller on the lunar module and on the electrical power system group. we were responsible for all the power systems which was just batteries and the distribution system and keeping track of power profiles. we were also in charge of the power -- pyrotechnic devices that separated the stages and opened valves in the kind of stuff. room called back the vehicle system staff support rim. we were the people that made the people in the front room look good. [laughter] [applause] anyway, i was 25 years old when apollo

northrop grumman and telus a french company, makes you wond wonder.dent trump for his part, said he is not losing any sleep over this. >> we have the strongest military in the world right now, we're close to getting finished with the whole rebuilding. there is no one close to us militarily. >> does not concern you? >> no, they pay a price they would not' to pay. lou: joining us, fox business national security foreign policy analyst, dr. walid phares, and dr. sebastian gorka, let's start with iran. this business with the tankers, why is this so significant, and why is the united states to this point hapless, if it wishes to stop the tanker and confiscate it, why has it not do done so. >> this demonstrates that iran regime is starving, they want tankers to go anywhere they can sell, this is evidence we're successful with regard to iran. on the other hand, seizing a tanker, i mean the united states before making such a decision needs to have the bigger plan. what happens next ithe iranians move, where? not just across gulf or mediterranean, give our admi

northrop grumman and a french company, makes you wonder, doesn't it? the president says he's not losing any sleep over this. >> we are the strongest military in the world right now. and we're getting very close to finishing that rebuilding. we have rebuilt the military. right now there's no one even close to us militarily. not even close. >> it doesn't concern you at all? >> no because they pay a price they would not want to pay. lou: join us now doctor o lead ferris and sebastian gorka, good of both of you to be here. this business with the tankers, why is a significant and why is the united states at this point hapless and if it wishes to stop the tanker, and confiscated, why hasn't it done so? >> this demonstrates very clearly that the iran regime is starving. they want their tankers to go anywhere they can fill. syria is backed by russia at this point in time it is evidence that we are successful with regards. on the other hand, seizing a tanker, the united states before making the decision needs to have the bigger plan. so what happens next? where

i graduated college in 1966 and went to her for grumman aircraft company at the time. i started testing the environmental control systems on the lunar module and that worked and involved atmospheric revitalization system involving getting co2 at an atmosphere because in a closed environment like that, you have to scrub it otherwise you are in trouble. it was a captain pressure management and life-support type things that were the focus during the testing and development phases. >> build? -- bill? >> i grew up in arkansas and got her as fast as i could and the guy was a flight controller in the lunar module and the electrical power system group and we were responsible for all the power systems which on the limb was just batteries and the distribution system and keeping track of power profiles and were also in charge of pyrotechnic devices that separated the sages and opened valves and all of that stuff. so, i was in the back room which was called the vehicle support room and we were the people who made the people in the front room look good. [ laughter ] [ cheering and

their 2% spend they're returning cash to shareholders and we like lockheed martin and northrop grumm grumman and from evans in knoxville, tennessee. target >> love it i think a lot of people wanted to fade it after that huge upside move post earnings, and then disney announced that they're going to be putting disney stores within target, 25 of them this year, another 40 next year. i would not get out of this stock. >> okay. >>> up next, we're joined by one of the best race car drivers of his time, kurt busch is here steve weiss was raising his hand, but no, it's not you it's him kurt busch joins us next we're talking about nascar's growth, how he is supporting our veterans, which you'll definitely want to hear about, that is straight ahead on the "halftime report." let's do it. ♪ come on. this summer, add a new member to the family. hurry in and lease the glc 300 suv for just $419 a month with credit toward your first month's payment at the mercedes-benz summer event. going on now. >>> welcome back to the "halftime report." the race is on for nascar's top prize with just about two and a half

i do not own it yet, but i'm looking at it very closely >> northrop grumman s got good momentum, itn sateites, communication groans, et cetera. >> agree realty, which is one of the biggest tenants is cvs >> thanks for watching "the exchange" begins now. >>> thank you, scott hi, everybody. here's what's ahead, the great rate scare yields are plunging around the world, and that has investors fleeing the stock market again today. we will look at the global race to zero and what it means for your money >>> plus, the man who called it. the strategist who said the ten-year yield was lower and an even bolder defensive strategy he will join us later this hour. >>> and as trade war worries dominate, what the administration's next move may be and how much market pain they are willing to tolerate. dom chu is here with those numbers. >> the market pain is a lot less than what it was in the first hour or so of trading when the dow industrials fell by over 550 points at that stage right now we're only down 212. so less than a percent of the down side here the s&p 500 still below that key 3,000 mar

that's where a lot of damage is centered today it's not all red shares of northrop grumman and jacobsre winners today contessa brewer is looking at the casinos, and phil, boeing in particular, but big pain for casinos. >> we're looking at the casinos that have exposures in mccoy let me show you what wynn is doing, down 7% on the day. las vegas sands is off as well mgm, which relies less heavily on the revenues from macao are down, and then, if we look at these casinos since the president made the announcement about those 10% tariffs, since last thursday, you can see they're down in the double digits at this point it's not just the trade tensions, although that overshadows everything else. they're also dealing with political turmoil in hong kong that's preventing some visitors from coming in they have dealt with the chinese crackdown on one of the biggest junket operators and just last week, a typhoon as well. but as you can see, this is a real problem for those casinos that have such big exposure in macao. >> i didn't even realize there were a couple other issues hitting them there in

i do not own it yet, but i'm looking at it very closely >> northrop grumman has got good momentum, it'sllites, communication groans, et cetera. >> agree realty, which is one of the biggest tenants is cvs >> thanks for watching "the exchange" begins now. >>> thank you, scott hi, everybody. here's what's ahead, the great rate scare yields are plunging around the world, and that has investors fleeing the stock market again today. we will look at the global race to zero and what it means for your money >>> plus, the man who called it. the strategist who said the ten-year yield was lower and an even bolder defensive strategy he will join us later this hour. >>> and as trade war worries dominate, what the administration's next move may be and how much market pain they are willing to tolerate. dom chu is here with those

northr northrop grumman finishing the day higher >> not expensive pushing up against levels we last saw april 2016 i believe i think it's telling you something the same way target's trying to tell you something target was people rotating out of walmart, getting into target. maybe i think that makes sense but the fact this stock is up today i think people are saying wait a second, not that expensive, probably somewhat insulated from all the nonsense that's going on. i think you can own the stock for another $12 to $15 >> defense, defensive? >> defensive and if you think there's going to be some other things going on perhaps you might put some money to work here but i think even more impressive, this is a $220 stock at the end of 2018 so on a day like today to hold up this well after a rally like that says there's tremendous relative strength. >> coming up semis having their worst day since may. we'll break down the chip and tell you if there are more troubles the sell-off overseas. ena you can expect when asia ops few hours from now we'll head live to singapore when "fast money" returns.

and morgan stanley upgrading northrop grumman to overeight. the firm saying they are standouts in the defense sector. these sectors value 7% cash yield and structurally it's a good sector to be in as things start to be a little more defensive. >> kourtney, what's your take on all the deals that we've seen? >> it's an interesting sector. it's that sleepily sector people don't generally talk about i probably would veer towards, and some might not say this is a comparable stock, but cvs because the yield is so much better if you're going into both of theefz names or one of these names that's been not performing as well as we liked, i'd go with one that would givy a little better dividend yield on it. >>> we are up by 245 points on the dow, not too far from the session highs. here are the three things driving the action china steps back from the brink. fed expectations in the spotlight as investors eye whether powell will cut rates further. and big earnings on deck, disney and wynn coming after the bell sue herera was a cnbc news update. >>> here'

many of the defense names are actually outperforming northrop grumman trading higher now. lockheed martin, raytheon, harris holding up right now. why are we seeing this defense stocks are defensive little to no exposure. strong cash flow big order backlogs that provide some longer term sales guidance and for many names, valuations look reasonable if not even cheap relative to the s&p now. the exceptions, contractors with other businesses that are exposed to trade, also the global economy, like united technologies, boeing, dealing with the own company specific issues as well, even general dynam dynamics, half the revenue coming from the it services is and business jets is seen as more cyclical. i think the trend here looking at defense more broadly, sara, is that the dollars are continuing to increase for now and the next several years that's a secular story not tied to economic growth. >> morgan, thank you >>> baidu and kohl's, two stocks part of cnbc's china trade index. both with exposure to china. baidu on pace for the worst day since may year to date down 35% kohl's do

i'm talking about raytheon, general dynamics, boeing, northrop grumman. these are all contributors to what we are seeing today. that is basically what i have to say. c-span could help by getting these people on the airwaves and letting us openly dialogue with them so we have a better understanding of what is actually going on. thank you for letting me have this time. host: thank you. let's hear from tom in hollywood, florida. caller: good morning. thank you for having me. i'm very tired appearing the same rhetoric every time something happens and we bring up gun control. all we have is a lot of talk by politicians and no action. everybody complains they will take away all of our guns. they have been complaining about that since the 1960 when they started having to register handguns. just because we have gun control does not mean they will take away all the guns. i am a gun owner but i have no reason to have a weapon of war. he is to be illegal to purchase weapons of war. we need a complete ban on automatic and semiautomatic weapons of war that we don't ne