. >> it wasn't a great quarter we like a 3-m or honeywell not good enough.exas, paul. >> caller: boo-yah, jim. >> boo-yah >> caller: my stock is dva >> look, if we're going to go there we're going to go with one of the killer bs kevin in illinois, kevin >> caller: jimmy, help me out with puma biotechnologies. >> oh, boy, you play with fire when you play with those stocks. we know that these are very, very hard. you are looking at a big run, and i think it's time to -- diane in michigan, diana >> caller: hi, jim i've had this for a long time, among other tobacco stocks but with more restrictions coming out now, is now the time to sell or should i keep on solding? >> which one was it? oh, morris no, don't sell it. i think it's the better of the two. [ buzzer ] i would not sell that here i think the dollar is getting very weak still. john in tennessee, john. >> caller: jim bow, for all you, this boo-yah is for you. >> thank you >> caller: urbach of the truck and throw some more masimo into it >> and that, ladies and gentlemen, is the conclusion of the lightning

they're not basically -- they're not hostage to anyone's specific business so honeywell, 25 years fromthink will be significantly > nt,urin t >>upex o falrade what did you have in mind? i don't know. $4.95 per trade? uhhh and i was wondering if your brokerage offers some sort of guarantee? guarantee? where we can get our fees and commissions back if we're not happy. so can you offer me what schwab is offering? what's with all the questions? ask your broker if they're offering $4.95 online equity trades and a satisfaction guarantee. if you don't like their answer, ask again at schwab. whuuuuuat?rta mortgage offer from the bank today. you never just get one offer. go to lendingtree.com and shop multiple loan offers for free! free? yeah. could save thousands. you should probably buy me dinner. no. go to lendingtree.com for a new home loan or refinance. receive up to five free offers and choose the loan that's right for you. our average customer could lower their monthly bills by over three hundred dollars. go to lendingtree.com right now.

the airplane makers and other competitors like honeywell could argue utx and rockwell would control too much of the aerospace supplier industry. so getting regulatory approval is a hurdle the two companies would have to overcome. and right now, rockwell collins has a high valuation so it will command a rich price. with more people flying worldwide, rockwell collins' ceo likes where his company is positioned. >> we feel really confident that the long-term air traffic route is there and the markets are very, very strong. >> rep just a couple months ago, rockwell collins bought b.e. aerospace, leading supplier of airplane cabbens. at the time it was considered a sign that the aerospace industry is prime for more deals. this time, rockwell could be the company that's being acquired. phil lebeau, "nightly business report," chicago. >>> cbs tops expectations that, where we begin tonight's market focus. reported profits and sales grew as results were helped by an increase in revenue from affiliate subscription fees. cbs said ad sales were higher. shares initially rose after the bell and finish

. >> industrials at new highs, deere and honeywell, all the defense names, raytheon, so the answer iswe'll see new leadership in the next couple of weeks to replace the semiconductors and the f.a.n.g. names that have been falling back a little bit in the last few days >> 22,081, as we're literally having the conversation. >> you, too. >> second hour of the bell now >> thank you, scott. welcome to "closing bell," everybody. i'm kelly evans. for yet another day the dow is finishing at a record high on wall street. today's high water mark is 22,084 with a 58-point gain. of course, we'll see how that all shakes out it continues its hot streak for those blue chips, and today everybody else participated, too. dow about a quarter percent and paced higher by the financials in particular. the s&p 500 up about four points to 2476 and the nasdaq composite adding a few to close at 6351 and the russell 2000, the lagard, adding half a percent to close at 1312 versus 1450. a look at what's behind all these moves in a moment and martin shkreli found guilty on three of eight counts. we'll bring you th

the move could pit the plane makers against suppliers like honeywell and rockwell collins.he unit called boeing avionics will focus on aircraft navigation, flight controls and other core technologies. the world's largest plane makers said the goal is to lower costs, increase quality and deliver more services and revenue to the company. more services revenue to the company, i should say. shares of boeing rose in trading today. >>> a federal judge is ordering the faa to review seat sizes and leg room on commercial airlines. the advocacy group, flyers' rights, pushed for new rules regulating seat sizes saying smaller seats are a health risk and the average size of the airplane plane, itself, has shrunk along with the spacing between them. so how might this impact the airline industry, itself? james is aviation expert and attorney at motley rice law firm and joins us to talk more about that. welcome. nice to have you here, jim. >> thanks for having me. >> what's your reaction overall? it seems like it might be good for passengers, certainly, if, indeed, we get bigger seats and

you see honeywell, raytheon, lockheed martin. they are supplying a good amount to, as far as the revenue. this is a pretty important company. if you see investors looking to defense companies as potential beneficiaries of heightened tensions around the world, they are stocking up on materials. that is one place they are going to buy from. julia: this is a beautiful function. oliver: supply chain analysis. you can go on the left side as well, but we will say that. julia: to be continued. great to have you on. a story first reported by bloomberg. federal watchdog agencies are taking an active look at the controversial government lise at a trump international hotel in washington, which is on federal property. joins us now from our washington bureau. great to have you on. give us a sense of precisely what the watchdogs are probing. where might the conflicts of interest come? >> it helps to start at the beginning with a little bit of background. back in late march, the general services administration had been asked to decide whether o

honeywell. they had to keep their money in index funds or faang it's gotten ridiculous the hedge fund managers weighs on us, too we heard from ray, you know the head fund genius, he says things are risky. you almost never hear any hedge fund manager say anything but that, right? you never hear a hedge fund manager say bye, bye, bye! before you laugh, think about it like this. if you took every single market in this risky and overvalued comment that we've gotten endlessly and changed the wording to, this market isn't that risky and it's undervalued, imagine this every hedge fund manager would have been right. the truth is, very smart hedge fund guys have been telling us the market's doomed since 2009 every time, they've been mistaken sure, maybe this time they're right. but i still say thanks for nothing. we live in a world where the media quotes managers who have been wrong repeatedly, and there's no harm, no foul if they're not ostracized for saying stocks are too risky, why wouldn't they keep

have a bench, and i like to bring in alibaba, as a backup quarterback, spare flexors, maybe 3m or honeywell. these are all good defensible immediate-level picks. i want some sleepers maybe broadcom, or a sink or swim shot like a bio as you can see, this is a team built for the amgs, not just built for the season it's a bullish team, i acknowledge that it's not as defensive as some would like you can keep some cash on the sidelines for decline. but if you wanted a play-off ready team of stocks, it is this one. and it's seasoned. it's ready it's stacked it's loaded. and it's in total beast mode let's go to paul in texas. paul >> caller: hello, jim. paul from texas. long time listener, first time caller >> yes >> caller: thanks for everything that you do. >> okay. >> caller: i purchased ambridge based on your recommendation six months ago when will profitability increase along with any increase in dividend >> it is a little bit in the oil and gas. you're getting 4.8 the best at what it does and i think al is the best manager in the piping business other than, we also like michael meres, or mik

since it's arguably trading close to fair value particularly when compared to united technology and honeywellhich are trading at 17 and 18 times forward earnings that is versusge's 15 times. and you just had fim phil lebea talking about the 737. ge along with its partners are make jet engine that will go into that new plane. huge unprecedented production ramp but one of those stories that is getting overshadowed by the financials back to you. >> all right thank you. let's play "fast money's" favorite game. >> what's the game >> which would you rather. ge or boeing >> probably ge i think that morgan said something really important she said that the buy side or the whisper number is 2 bucks. consensus is a buck 70 she also said that there is not a lot of confidence in the 2017 estimates. so that is likely to come down and then if the new ceo has a brain in his head, he is going to guide down 2018 so he can make that number so i think that you will get an opportunity in the fall to probably buy this stock a little lower if you draw a line from the 2009 financial crisis low and you touch in augus

if you have multinationals, look at honeywell, asian, d.m. focused, you have the pop. some s&p, some not >> i understand. parts of the u.s. -- >> right we're saying, hey, look at how great all of these places are. fang, throw in microsoft. >> you're making a point if there's going to be a catchup trade, it's going to benefit our market. >> right let's keep this in mind. if we get a catch up trade there will be rotation within that, right? part of the reason this rally has been so strong here is we started out the year, it was financials, technology, then consumer products. >> health care. >> industrials, health care. that's why it's been such a healthy move not just the fang names. >> the reason why this conversation is important, it's not throwing shade at the u.s., is that the u.s. equity market is a set of the global opportunity market it's only half vanguard says the average u.s. investor is 80% u.s. stocks. there's a huge gap in what the opportunity set is versus what our typical viewer that's watching this is invested in that's okay in a period of time where the

you can bet that boeing, airbus, their competitors like honeywell will say, huh-uh, these guys are atoo powerful especially join lo when you look at the aviation industry and means there would be a rich price for rockwell collins. how rich that remains to be seen. rbc capital was out with a note earlier today saying it gives a chance of a deal 50/50 whether or not it goes through, but it would have to be closer to $145 a share and, again, dow jones reported earlier today that an offer was made from united technologies to rockwell collins, below $140 a share. so, guys, we're in that phase here where some figures have been bantied about but at this point, neither company is confirming that there are talks. neither of them are commenting on what discussions might be taking place >> all right phil, thank you. phil lebeau in chicago so this has been the group everyone was buying into the election, the notion being there would be much more defense spending is there still money left in this trade at this point, guy? >> i think so, the short answer is yes i'm not certain that collins is the

freeport being hot is positive for so many other stocks make a case for caterpillar, cummins, for honeywell you could make a case for united technologies. >> a lot of these names are up. >> they should be. freeport was supposed to be dead it was supposed to be dead. >> he three-year highs >> freeport is smoking brought the hand back to life. do you think oil could ever go up in our lifetime >> people are wondering the relationship between oil and, say, gold, for instance. >> you're right. >> what happens if oil continues to trend lower >> a deal we don't talk about enough enterprise energy transfer partners, etp. they did a really, really big 50 million unit thing it has crushed the whole sector. that is key because those companies need that money in order to be able to expand so watch that. it's not just oil. it's the pipelines the president hasn't talked pipeline lately. >> maybe tonight. >> yeah. >> tesla the journal has a story about the bonds they sold the other day down 2%. journal characterizes it as ambivalence toward the company. >> i saw that and thought guys they're not treasurie

miller worked for honeywell.as fired for reasons not related to the case. >>> 16 years after the 9/11 terror attacks in new york, the remains of another victim has now been identified. the identity of the 1,641st victim was discovered through dna retesting of remains recovered at ground zero in 2001. it's the first time in more than two years, actually, that a previously unknown victim has th man's family wants to keep his identity private. about 40% of those killed, more than 1,100 victims, still remain unidentified. >>> google has fired an employee behind a controversial memo criticizing its diversity policies. senior engineer james demore says he was fired after writing a memo on women in tech jobs on biological differences, not discrimination. that memo created a firestorm on social media and google's ceo accused him of advancing harmful gender stereotypes. demoore is now threatening to sue, saying the tech giant is intolerant of right-leaning views. >>> as you know, many married couples renew their vows, but

honeywell went after it a while ago, and they got thrown aside. bigger than rockwell. atx is a true conglomerate, think otis elevators and pratt & whitney aircraft engines. for airbus, this is not a small deal. francine: if you think about this consolidation, it would give the aerospace manufacturer is greater heft at a time when boeing and airbus -- it is not only airbus, it is also the suppliers for price reductions amongst the production increases , so it basically means if you have a stronger counterpart, you negotiate more. tom: absolutely. now, markets are displaying mixed messages. we see a weaker u.s. currency and chinese demand helping maintain the broad-based metal move higher. bond yields hover near lows. let's get back to peter schaffrik. when you look at the markets, the correlations are disjointed between the data and some of the commodities are not working out as they used to be. do we need to look at different models? >> i'm not so sure. that we need to look at what is happening here, the underlying fundamental data. if we just loo

. >> -- ceo told me a couple weeks ago four weeks ago that honeywell has thousands of jobs that can'tgh-paying jobs we are not talking about 30 or 40,000 dollar a year jobs talking substantially higher. dagen: that is a record six mill job options in this country right now can't be filled. maria: idea of having skill sets putting people at front of the line makes sense. >> common sense. >> common sense. >> those jobs will create additional jobs how the economy works. maria: yeah, all right quick break then energized by alternatings tesla on a roll up 6% after solid secretary quarter take a look why model 3 could drive shares even higher. back in a moment. . >> welcome back to ten was i channel court report fox business. some of the biggest stars agency world tour and wta in action in nation's capital american enjoyed pigs win took out 17 lucas in straight sets, but former french open junior champion says tough making switch to the circuit so many talented blazer on tour. >> like to think that i can be the all of them, i mean i feel all of us can beat each other all top players are rea

on the positive side was caterpillar, proctor & gamble and honeywell.ll three beat estimates for earnings and revenue and gained on the day they reported it's also worth reporting adp gained after reporting earnings but that was also the day that word leaked about their investment in the stock sending it higher anyway overall if second quarter results are any indication, we could see more contention between shareholders and management between the second half of the year, guys. >> how much more contention do you think we expect? >> well, if you -- the challenge with today's market is that stock prices are high to begin with so that was the big conversation around adp, that stock had gone up about 12% before word even leaked from bill actman was in it. so that company comes from a position of strength with its shareholders already however, if they keep seeing a -- if companies as a whole keep seeing earnings that miss estimates and send a stock price lower, that gives activists more of a position of strength to go and run a proxy contest. >> question for

lastly from honeywell, we have this great wi-fi smart thermostat. conditioning. saving you that money on the energy bill. steve: it's very handy. we've got thermostats on wi-fi, and i've been here in the morning and my daughter called me up and said dad -- she's at home. she said dad, it's too cold upstairs. >> how great is that? all great ways to save money and the best part is this home depot services team they have, they're phenomenal. they come right to your house with financed professionals, and they get the job done with financing options and everything else. so check them out on our website. you'll be glad we did. steve: thanks, chuck. cool segment. >> thanks, guys. ♪ ♪ liberty mutual stood with me when this guy got a flat tire in the middle of the night. hold on dad... liberty did what? yeah, liberty mutual 24-hour roadside assistance helped him to fix his flat so he could get home safely. my dad says our insurance doesn't have that. don't worry - i know what a lug wrench is, dad. is this a lug wrench? maybe? you can leave worry behind when