better opportunities from honeywell aerospace? haslinda: there is so much optimism at honeywell.heir 2018 and said there have been a lot of confidence shown among its customers. let's get perspective. stephen, good to have you with us. what justifies this earnings revision? what's different? is it because growth is sustainable going forward in the region? ande have growth in 2017 the numbers as we exited the year. , especially in aerospace, we continue to see strong momentum. not only market momentum, more airline passengers and travelers , but honeywell's ability to capitalize on that by having the right people with the right tools and selling that in the right way. haslinda: there are particular growth markets you look at? southeast asia, for instance, what kind of growth specifically are you looking at? >> high single-digit growth. we look to follow that in china and across southeast asia. we capitalize on that through supporting airlines that are seeing that growth which puts them through different types of maintenance opportunities. a full maintenance solution or a carrier t

we added to the honeywell itposition ae bit for clients that were late. when the market ticke town on onday, down 700, 1200, down 1600 we stood back and took a breath and said something is unwinding tha we don't understand. in that environment, like anyone else we feel it's best to wait until we get additional information. but on whole we wereng bu >> i think you had a lot of companies stepping back and watching. >> that's right. >> michael thanks so much. have a great weekend. michael lucio with fbd capital. >>> come up, a new film, and a pivotal moment for hollywood. >>>r sig attacks cost the economy as much as $109 billion in 2016. that's accordiep to a newt from the white house. the intelligence community is quoted as saying that russia, china, iran, and north korea are the main foreignsictors respe for much of that malicious activity. >>> google testing a system to help locate 911 callers. it's working with a startup that we told you about a while back called rapid the existing 911 systems that struggled to pinpoint the impact location of cell phones

antitrust is always an issue in these things and would be with honeywell and would be with all of those but those are the kinds of things you need to start thinking about. >> it's fascinating what sorts of options open up once utf says we're willing to break up. >> honeywell was under pressure, ceo decided against a full break-up being pushed by dan lobe to consider the same kind of move with aviation. watch this space, i think is a fair thing to say. just in general in terms of aviation related to utech and ge as well. >> dow is getting support there, almost 200 on the back of utx and caterpillar and boeing, any time you have those among the top performers you see movement in the indext, apple too good point as for earnings, wendy's 11 cents meets comps up slightly below expectations and cheesecake came in with a meet as well, revenue miss, comps up just shy of 1% and hormel, bunch of consumers, a meet as well and they said they'll raise wages on the back of tax reform. >> check on roku, we were expecting this to be a big mover in today's session and in fact it is. down 21% the guidanc

hon honeywell, so a lot of that is out in the market, steve >> it agree with sarat it breaks stoeense to break it . we've seen with other companies, the pure defense play, if that's the way they go or the pure aerospace play that makes those assets much more attractive. so you may see value creation after the break up that's the direction seems like they would go. >> our morgan brennan who just got off the air down at the new york stock exchange follows the industrial stocks closely for us morgan, i'm wondering what you'd like to add to this conversation, that bill ackman is in united technologies? >> it's, look at shares. they're up 6% over the past week that's because last week, utx's ceo said they are going to review their portfolio they're going to see whether the sum of the part, whether there's more value to be had, breaking apart their main businesses. hayes said in the past he is acting at the company's inside activist when you talk to analysts on the street, what they'll tell you is looking at a company like united technologies or some of the other big conglomerates where we'

boeing general and honeywell or both of you are companies already doing business in iraq or. her and blue sky energy are all finalizing or i am in a new venture projects around the country. everyone in this room has not gotten a new gulf there are the new or they contributed to its long term development success. as we heard. the news resume really just a fraction want to. hold the first there's a financial institution will use this to believe in. the future profit for iraq. together we will all be that is. already a strong iraq with the right. thank you all of you being here is a link or you're just there for the. u.s. secretary of state rex tillerson speaking at that conference for the reconstruction of iraq in kuwait city emphasizing very much that the u.s. remains iraq's ally in this endeavor to defeat eisel and he talks about. various u.s. businesses that are investing heavily in iraq still no word though on america dipping into its into its pockets to work to help to fund that one hundred billion dollars that iraq's prime minister was looking to get out of that conferenc

micron, the airlines are a buy industrials, utx, honeywell, boeing, that has come in from really highevels i think we are setting up here for a pick your spot we are in adult swim, kids out of the pool and you better know what you are doing when you are trading stocks if you buy stocks that you have watched and have done the work on, it is a sale they are on sale right now. >> who else bought >> i don't think the worst is over i have reasons that i think this happened doesn't matter why i think it happened and i don't think the deleveraging and close to being over i think the derivatives at some of the banks are ridiculous. but i will say this. this is the first time since last friday that the market give us a signal at least or something to trade off of in terms of a downside. you know, you are going to get those along the way. i still think there is pain ahead. however, you did get in the short-term a decent trade. >> the market is now the cheapest it has been since trump was elected president. >> right. >> right. >> if you thought it was too expensive before now it's back to when d

honeywell, another well-recognized corporation, honeywell happens to have a manufacturing plant in guysmer. it was quick to increase its 401(k) match for its employees. bancorp south, another company that does business in louisiana, it gave raises to 70% of its employees right off the bat within the first 47 days. at&t, at&t has 4,600 employees in louisiana. those employees are going to see $1,000 in a bonus. and many other benefits of a $1 billion, a $1 billion increase in investment by the company all as a result of the passage of the tax cuts and jobs act legislation. now there are other businesses with footprints in louisiana, businesses like home depot, capital oil, starbucks, visa, american airlines, capital one, southwest airlines, bank of america, apple, fidelity, humana, nationwide, regions, verizon, and fedex. and i just named a few. they also made the list of companies that are passing along their savings to the american worker. furthermore, mr. president, in my home state of louisiana, the tax cut and jobs act is allowing small businesses to grow and reinvest in their employees

that reminds me of honeywell about five or six months ago when honeywell showed another big figure move a consumer bellwether. let me go to the bloomberg right now to a snapshot of inflation. inflation in the old days that from the crisis up to 2014. it has barely come back. nevertheless, there is where we sit as we go to that march 21 said made it -- fed meeting. francine: i'm looking at the treasury yields rising above its trend. we will push it out on social media and you can see there is a potential resistance levels own between the 2.94% and a 3% and you can see that breaking away in the last couple of days. tom: very good. i'm thrilled to bring in our guest this morning from chicago. jack ablin. far more than that, the legacy of his intelligence research reports. you do that when you work at boston university for a good amount of time. he does charts like nobody in the industry. jack, what's the most important chart right now? you show the dynamics of housing and manufacturing. which one is the number one to you? jack: i'm looking for capacity. i'm looking to see if there is any i

having a strong quarter maybe this time, the profit taking which has been so climb maktic new ceo for honeywell will spell out his vision of what they should do. has been in front of this one, because we admire him for his willingness to explore all his options for unlocking value. when it comes to acquisition, climate controls and elevators these are my kinds of ceo, let's throw in from dow dupont thursday is retail fireworks day. best buy will tell a good story. everything from the printer products to the actual pcs like the one i have which i like so much kohl's reports when you get a turn around which is definite the case here. remember we spoke to them not long ago never just one-quarter turn around, there is more than that. i like the stock any buy on a dip going into thursday is going to be well reward i don't know what to make with anheuser-busch this could be the last truly weak quarter from bud. so a trade may be in the offing. thursday we hear from one of my favorite tech names from the era vmware there is all sorts of clutter and chatter of what dell will do and i don't think anyone

. >> and it is important to mention honeywell. and they had discussions with utx about two years ago to the day. and there was an activist in there, dan lobe who had been pushing for them to spinoff the aerospace business an the company decided to keep the aerospace business and sell off everything else. but dan lobe was happy with that decision it is -- it's something where you are starting to see the companies streamline and get rewarded for doing so. >> honeywell is a great example. you have other companies like pent air, dover and ge which has its own sort of set of circumstances right now. but ge looking at potentially breaking up its businesses siemens is spinning off the health care. there is a lot of this happening in the sector right now. really the only stock you don't see it happening with are the stocks that are absolutely ripping higher, outperforming and generating cash like boeing, 3m and caterpillar. >> i think in the days ahead if not weeks in front of us a little more clarity on what exactly bill ackman intends t

you think of these developments when you have these extending 401(k) matches to 10% from 6% and honeywell increasing its 401(k) match to 7% from 5.5%. that's looking at the workers retirement and giving them a bump up. this is following up in a variety of ways. the reason why the international monetary fund was saying this has like a pay it forward effect on the economy. the jury is still out on this one. still early. still speaking, even though big companies are doing it, it's still early in the run here. this sort of thing keeps up on top of what individuals are seeing in their checks starting this months, it could be a 1-2 punch that has a number of top economists, even though not necessarily big fans of this president saying we're big fans of this. more after this. hold together. a little to the left. 1, 2, 3, push! easy! easy! easy! (horn honking) alright! alright! we've all got places to go! we've all got places to go! washington crossing the delaware turnpike? surprising. what's not surprising? how much money sean saved by switching to geico. big man with a horn. fifteen minutes co

honeywell, berkshire hathaway, coca-cola.stocks that are almost bonds in their appearance. as i look ats, what is happening and what is how do i correlate this back to the bond market? if the bond market blows up, is this one way we get the transmission mechanism feeding through into the equity markets and these kinds of super boring, but tripoli -- aaa rated like nestle, is this how it will work from now on? dani: as the market gets divided by these factors, they have the ability to be punching around markets. if you don't have a bet on coca-cola, but coincidently, people are holding it because they are holding low volatility. this has occurred where the market gets spooked from hawkish central bank and low volatility leads the way down. there is a lot of built-up money around low volatility strategies. matt: whose money is it? you talk about etf's, which means maybe retail millennial's are getting on this -- or is it making thesequants big bets? retail, perhaps millennials, we will have to see. is a worduantimental that get

company that has basically no earnings growth and it trades in the same valuation of a company like honeywell, who is kicking their rear end for the last decade i would submit it's got to be at least 12 or 13, they're going to make a buck a share, maybe $1.05 if you want to give them a break. you're talking realistically on valuation, a $12.50 or $13 stock, which is significantly downside, and kudos to the folks at cowen what is -- he's watching but kudos to the cowen folks who six months ago said it's an $11 to $15 stock >> is there an argument to be made, talking about ge, but generally, when everybody is kicking ge when it's down. everybody was so positive a few years ago. now everybody is, ge is on the ground, and they're throwing stuff at it. isn't that when you're supposed to take a nuanced look at a stock? >> now, you say that, and you're correct in saying it, but quite frankly, people have been kicking this stock, some people have been kicking this stock since it was a $30 item. you could have make that argument a year ago. >> i agree >> sentiment is at its knees i would argue that ma

basically, the deed to industrials, be it honeywell, split from alcoa or ge, a trend that has been largely fueled by activist investors or in some cases even just potential for this guys, back to you. >> morgan, thank you very much, for that continue the market discussion now, tim anderson from tm investments, and, gentlemen, good afternoon to both brandon, starting with you in terms of sector picks. industrials a pick you like at the moment or you stay away? >> neutral outlike on industrials for a while. the two sectors we are positive on is technology and financials. technology is a leader for many years. we continue to think it's probably got a lot of potential, and financials, of course, mostly because of the rising interest rates we expect three or four hikes this year. financials benefitted thus far and likely will continue to benefit from that. >> well-loved areas from the market at the same time, industrials have done well and take about multiples like what boeing trade at >> well, certainly, industrials would be a major beneficiary if a bill gets through congress before the enof t

tom: we saw that with honeywell.nue to control cost. you are getting good bottom line as well. you are going to see this nice and a from the tax side real focus on what is the right type of investment to lead along. rome, it is not retail or somebody worried about their 401(k). they are already 200 basis points behind. what do you tell conservative isg island by side who behind the eight ball? exclusivesurveillance -- kate: what we tell clients at this point is not to panic, but to stay focused on fundamentals. in the equity market, i think translating the information we have had from companies over the last six to eight weeks and expectations for 2018 has confirmed this scene, more room to run. it is not just about stimulus. francine: a couple weeks ago, we had quite a lot of volatility. if you look at the s&p 500, it was a pent-up lack of volatility. are we definitely going to get more? kate: last year was a almost uncomfortable year -- was an almost uncomfortable year in terms of lack of volatility. the fact that

should g e*trade at the same pe level that honeywell does? the answer is no. envidia is up 9%.en consecutive beaten rates. look at intel, trading at two different multiple levels. that's what's happening. you will have winners and you will have losers especially as the fed takes away punch bowl. maria: the budget bill has been delivered to the white house, it is on the president's desk for signage, go ahead. >> so what do you make of the fact, maria pointed this earlier, most of the losses coming after 3:15 p.m. is that a sign to you that might be at the tail-end of this ending of a bad sign about continued volatility to come? >> we will have continued volatility to come because it was so suppressed for such a long period of time and volatility is mean reverting, we will stay above this 20, 30 level for a few days especially think about today. are you going to want to hold risk into the weekend? are you going to be long net new position. you want to be careful today putting new money to work especially if it's not names that you believe in. when we talk about 3:15, we are in a

that's equivalent to exxonmobil plus a honeywell.s down about two thirds since december, bitcoin itself. stuart: 20,000 in december, 7,000 and change. check the market, we're off 187 points as we speak. >>> dennis goffman, everyone reads his note, the past couple of days are only the start of what could be a substantive bear market. we'll be back. for all the eyes that get itchy and watery near pollen. there's flonase sensimist. it relieves all your worst symptoms including nasal congestion, which most pills don't. and all from a gentle mist you can barely feel. flonase sensimist. . stuart: in the last hour, ohio congressman told us the market sell-off is not a cause for panic because he says a healthy and growing economy will ultimately create prosperity. roll tape. >> i'm always a believer that the market will continue to go up in the long term. i've been involved in the market for a long time. i saw the market tumble almost 6,000 or 7,000 points. i know it's thousands of points when barack obama was elected. so i saw that occur, t