and if we compare ge honeywell, are there specific lines in which they are in the same business and honeywellwell and ge is doing bad? >> both aviation businesses are doing well. onge, it is dependent aviation being perfect in order to meet its earnings guidance. they don't have a narrative do sell to investors because of the rest of the business after it sells on health care and in baker hughes, it has been a struggling power business that will happen for the next couple of years. energy renewable business that is growing but they are not in the right part because they sell wind power and not solar power. and honeywell's case, it has other growth input. joe: so the portfolio of ge is not where investors are. and there are industrial companies with good portfolios in the space is the story? >> exactly. isie: in the ge portfolio not changing that much more, right? they made the major changes and now they're kind of stuck with that stuff. >> they have said it's is what they are doing and that is the end of it. but, they are taking steps -- some investors are speculating that we could see more d

it was not inspiring when you compared to honeywell, honeywell was fantastic. it is a $13 stock.ed to put up much to give it a lift. i think it is going to be fine and flannery is making progress. it feels like mediocre seems pretty good for investors in ge now. what is your sense of the state of the turnaround at this point, which flannery has laid out pretty well over the last few months? folks seem to be waiting for the results. >> it is so hard to tell. in many ways, it is hard to tell how good a job he is doing. his power numbers, he could be taking costs but demand is not there. a business down 20% on the power side is severe to try to cost cut out of. is rest is great, aerospace solid, health care is solid. he is controlling what he can but power is a mess. honeywell,mentioned this is the tale of two industrials. what are they doing that is so right? >> i was thinking before i came on that the honeywell versus ge results is a illustration of the cody of honeywell made these great decisions as far as these deals they did. global expansion, cultural improvements. ge did the

. >>> honeywell raises its profit outlook for the third time. that's where we begin. euro space provide -- stronger demand for aircraft parts led to an overall earnings beating the qu tter. as fort tariff, honeywell says harted sours component from other countries other than china and s raised prices on some of its products. honeywell up nearly 4% tay to $153.13. >>> stanley black and becker, that company cut its profit for the year, that's largely dueo the cost tied to the settlement to clean up toxic con ttaminati at a super fund sight. va cor expects prices to accelerate this year thanks to rises in its brand sneakers. rangeler jeans reported a higher revenue as ecommerce and international sales also grew. 4% on the day94 9 >>> and buying private software for nearly $3 billion. stay street will now have access to a service platform thates g clients greater flexibility. stay street says more valuable inefficiencies will also arise transaction. >> we're simplifying their own operation. lowering theirnd cost most importantly, giving them access to data in a way they c

we have seen this at honeywell we saw it at honeywell in fact i went through the misery in honeywell2003 when i was liking that stock. we've seen it three or four industrial names the last 10 or 15 years usually they mistake the cyclical decline for a secular decline. in this case it looks like there's some secular challenges, but i don't think it's permanent. i don't. i don't think tomorrow we're going to wake up and say we don't need electricity anymore. >> there's an opportunity cost to owning ge obviously you choose ge and you're not going to choose eanother industrial in your coverage universe, are you the most bullish on ge or is there another industrial that could offer pretty decent returns? we heard from honeywell, not exactly the same space, but they raised their forecast for the third time. >> luckily we have a buy on honeywell as well. you know, that's a stock we've gotten right over the years. but i think that's a very fair point but also to my point earlier, it used to be if you wanted to make a lot of money you bought honeywell at 19 or buy ge at $13. that's the realit

brooke: you see that today from honeywell's numbers today. ge reported a 6% decline and honeywell had a 6% gain in organic revenue. leased --inc. increased guidance and you are seeing that from companies. distributors reported strong numbers and saw strength and core industrial markets. ge is missing out on the upswing. takinghe shift they are and far -- as far as the health care business, they will be dependent on longer cycle businesses if we get to economic downturn. the risk of underperformance if we see downturn. shery: we saw aviation below estimates. brooke: that is a focus point because they need aviation to be perfect to meet profit guides to make this narrative work. aviation was not perfect. i don't there is anything to be alarmed about, you don't have a lot of wiggle room instead of the targets they have set. shery: thank you so much for that, brooke. president trump says he is ready to go on tariffs and a whopping 500 billion dollars worth of chinese imports. we have all of the details ahead. this is bloomberg. ♪ shery: this is "

and honeywell's case too. dave stayed on and oversaw the transition.is the right way to do it. there may ben that taking this company to where it needs to be for the future, but they're not completely ripping up the blueprint. alix: it's also about the warring factions. solomon has been very clear that he wants to invest in some of these new businesses, whether it is markets are lending platforms and maybe get away from a lot of the trading revenue as lisa was saying and wall street beat. alix: it is all about wall street beat and commodities. thank you very much. as we had to break, margaret is still speaking about google's record $5 billion fine. google responding to the fine. we will hear more from her in the next hour when two speaks to caroline. the question, how is google going to make of the business? how will they change their model in europe and will it be the same scenario as the 2009 microsoft? this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real t

now honeywell, united technologies honeywell, which is breaking itself up revealed that amazon had becomecredibly important client for warehouse automation who knew of course it's aerospace and climate controls were much better than expected same goes for united technologies, which also could split itself up when a new deal that's to be close happens these companies are claiming money with rising margins. ingersoll saw rand blew through organic growth remarkable numbers also for climate controls what a terrific business and remember, these numbers were all before the big worldwide heatwave who else gave us a huge win? i got to explode expedia it's allowed the company to become the closest publicly equivalent to airbnb hats off to closing bell contributor stretch any link who urged people to get long expedia ahead of the quarter not last but not least, i would be remiss to mention amazon and alphabet we've been seeing wall to wall coverage of the death of fang. can we stop that and facebook was really terrible but these two companies are doing incredibly well. amazon is making so much mone

for growth abroad that's why many of the cyclicals also took off, stocks like ppg, dow, dupont, honeywelllassic smokestack stocks for my charitable trust which you can follow along joining the club owns honeywell and dupont when the economy is expanding, these are the ones to go to. i think we'll see more of this kind of action tomorrow when the stocks united, continental and csx respond. and while i haven't listened to the call for texas instruments, that one looked darn good too. yes we have to worry about more presidential tweets targeting china. we have to be concerned about still more tariffs on top of tariffs. but the strength of the cyclicals suggest that the economic expansion will continue of course, i wouldn't be too much into that because the strength of j & j said just the opposite then the third group rallying, the home builders led by dr horton and lennar. the stocks have both increased almost 3%. this matters because it tells a whole different story about the economy. the home builders rally when the fed is going to raise interest rates gradually and of course when there is

quarter, and this one won't be fixed in one either speaking of industrials, you believe how much honeywells making and how much dave cote's successor has been telling the story of the breakup at all, a tour de force. illinois tool works has become maddingly inconsistent that's quote for just plain for two quarters bad, and that the declines are pretty daunting as i told club members, i request whether itw should still be on the other hand here. so let's say industrials right now are a question mark on a case-by-case basis retail is also hard to puzzle over however, that question could be resolved by the positive commentary and forecast boost that we just got last friday from vf corp with strength coming from jeans, van sneakers and north face that i think it is fair to extrapolate right now positively to many of the brick and mortar stores that carry the stuff. i'm particularly interested in seeing target. i think that acts well i think kohl's is having a super quarter. here is the bottom line. don't let all the fretting about tariffs and trade freak you out. [ buzzer ] you might miss the

three hours of stuart, monday through friday, shares of honeywell up this morning, after beating earnings >> hey. good morning dagen going to continue that trend good earnings, all right not the likes of microsoft but seeing honeywell to the upside today, we saw the profit and revenue beaten with numbers this is moving the stock up 2 1/2% analysts looking at close talk about global travel better economy demand for defense all kinds of parts pertaining to defense winner seeing up 2 1/2% the other thing also, was e-commerce moving supply getting it out so that helped as well then facebook, a lot of people use facebook to find what remove they want to see may go and use "fandango". >> now facebook is teaming up with amc customers can get movie do purchase explore it go to movie tab do that i will tell you that facebook also got a couple upgrades from both piper jaffrey and nicholas you can see here this is a big deal for amc, and facebook to do exactly this, also, it is very interesting timing to do this because i was looking up tickets sales and what i am 2017 had world records for sales fo

it will take five or 10 years to see really rollout in companies like honeywell and ge, rockwell, and supplier base. but that's a massive, massive industry. about cars? we hear a lot about tesla, but of theere are the gm's world who have been making cars for many, many years. tesla has become the market leader. can the established automakers catch up? jamie: yes, i think so. when you are talking about google earnings on the news, you are buying a great company with google at this point. you probably get waymo for free and the cloud for free. emily: when i talked to ruth porat about that, she was very optimistic about waymo's prospects, but they have no idea when it will be a contributor to revenue. idea. they have no and look at baidu in china. it is the same thing. you just put a couple thousand dollars per car, multiplied by ae number of cars -- it is map for the market. i think you are getting that for free on the google side. some of the key components of automated vehicles, you see that manifest in the research coming out. you were doing this kind of statistics before most people

honeywell reporting pretty good earnings rising guidance today. >> microsoft is the other big story.t will open at a record high again. dow component issues up guidance better than expected results helped by growth in the cloud business they talked about that last night. take a listen. >> we delivered more than $110 billion in revenue with double digit top line and bottom line growth and our -- surpassed more than $23 billion in revenue for a year with gross margin expanding to 57% the strength of our results reflects accelerating innovation and the trust customers are placing in us to power their digital transformation. >> our friend tom hearden said it's a classic 2018 story. you got all the macro worries, all the trade worries this morning. presidential tweets about tariffs and currency and microsoft is opening up 3%. >> you mentioned tweets. cramer last night -- right, the stock drops after the results and, i mean, cramer was on fire on twitter sort of going after those who said are you going sell it now you're going to sell microsoft now? you hear the call and the stock goes up.

movers back home, amazon, on a , jpmorgan upday 1.4% and the tailwind of the rising rates, honeywellp 3.7%. they have a strong quarter. philip morris international, up 3.3% despite downgrades, bouncing back from yesterday's drop. shery: thank you so much. coming up, the army has chosen a new location for their futures command headquarters. we will speak with the under secretary of the army next. this is bloomberg. ♪ shery: this is bloomberg markets: balance of power. i am shery ahn a new york. kevin: i am kevin cirilli in washington. >> the new york times reporting president trump's longtime attorney michael cohen secretly recorded a conversation with donald trump during which they spoke about payments to a former playboy model. the woman claims she had a nearly year-long affair with donald trump getting in 2006 shortly after his son was born. they say the conversation took place two months before the 2016 election and the paper says the fbi seized the recording this year doing a raid on his office. donald trump has denied the woman's claims that they had an affair. the russian defen

honeywell, for the week overall. united continental.es and rails are starting to pick up the face. dow jones industrial index went into the plus column for the year today. jpmorgan was the biggest winner on the dow this week. earnings have been remarkable. they have come in better than expected. coming into the week for the earning season we were revenue meanted. 8.3% and 22%. all the major indices are higher. but what has to happen to break them out at the same time to get them into all-time high territory at the same time? back with me, erin gibbs. sometimes it's not the tech and the money goes somewhere else. we have seen the russell come on strong. indiana daibltion at an all-time high. what's the tide that lifts them all back together? '. >> we can't have the huge difference between growth and value. so growth is doing great it's up 9% for the year, but value is negative territory. when you merge those two you get meager days. charles: is that big-time money managers like you? >> i would love to have value. charles: can they face t

kernen's interview with the president >> we have microsoft earnings after the bell today ge and honeywellorrow morning before the bell. in terms of top performers today, disney and ibm leading the gains. ibm, third straight quarter of revenue growth on the flip side, american express and travelers both the laggards in the dow on disappointing numbers. travelers, it was a weather impact, and the underlying business was strong. >> the expectations feel high for microsoft. now, it's done well consistently in cloud where they talk about azure or office 365. the pc market has been strong, which not a lot of people expected you expect strong numbers there. you wonder how they're feeling going into the second half you want to look at that comparison between azure cloud growth and amazon web services growth you want color on the walmart deal and more coming like it. >> we will look forward to that tonight. ge in the morning. dow down is almost 70. let's get over to the judge and the half >>> welcome to "the halftime report," the top trade this hour, the great market debate. where your money will

companies like honeywell and ge, rockwell, and their supplier base.massive, massive industry that we are excited about, and we are building some good size companies there. emily: what about cars? we hear a lot about tesla, but incumbents,here are the gm's of the world who have been making cars for many, many years. but tesla has sort of become a market leader. can the established automakers catch up? jamie: yes, i think so. you talk about google earnings today on the news, i think you are buying a great company with google at this price, you will probably get waymo for free and the cloud for free. there is still a lot of optionality with google. emily: when i talked to ruth porat about that, she was very optimistic about waymo's prospects, but analysts have no idea when it will actually be a revenue contributor. jamie: they have no idea. and look at baidu in china. it is the same thing. i talked to rob in the, and he , about when lee that will be come and he doesn't know, and he is the ceo. you just put a couple thousand dollars per car, multiplied by

. >> it was ringing the cash register it's not, it's not to say that i don't think honeywell can advance further. but i will say the news regarding grk e, there has been this lack of competitiveness in terms of if you are an industrial manager >> stunk >> so it's been all about who wants ge let's just put our money in honey well the news lately with ge and the way the sector over yaall is performing, if you're a honey well investor, that's the only game in town >> what was the consistency across those companies ringing the cash register on all? >> i like the different industries i thought that was important to you know hit something in health care then listen, i've been wrong on b financials i thought it was clearly -- would reaccelerate we're dmot going to -- >> you're not alone. >> we've all been wrong. >> i still hold bank of america so i still have store. which is a read. so i still have exposure there >> and why did you sell that >> just didn't move. >> yeah. so i recently entered into a positional al elergan over the t few weeks. it's come down i thought it was at the bottom but it

>> honeywell rock well. >> it is n's not across the boa. >> more broader than you see all the auto oems. >> i wouldn't want to touch auto >> here's the deal maybe more so than trying to figure out where growth is going to be an what the economies of the world are doing. look at the tech trade this week major averages are going to have a positive week for the fourth in a row tech is going to be down techs carried the load for this market okay if i told you that now you're going to have tech in trouble for a bit, as we try and figure out what the right prices are, what would you tell me >> point of information. it's going to be down how much after having been up how much? >> if you lose your leadership, okay, you're going to need something to pick up the slack some people thought every financial. >> most of these things are aerobic in terms of how they work >> versus anerobicic >> they don't breathe. which is problematic >> back on the gdp conversation. i don't know, sorry, i don't know that thereat there's a bent to expect to see accelerating gdp next quarter and even better the fourth i

. >>> back to "the blitz," honeywell.alked about it, 8% or so this week. >> i did i bought it this week. 8% earnings. it's going to challenge its high what's fascinating about the story. it's such a different story than what you're seeing at ge they have integrated intel lent software what that does is creates warehouse efficiency for e-commerce giants. guess who is the customer is amazon great way to play the amazon story. >> mattel, down 6% big job cuts coming. there's the stock today. weiss, what do you think >> yes, these are old-tech, as far as toys go stocks cut in half i'm not so sure it's the bottom. >> and amg share s surging. pete >> i had the calls in this one graphic up 64% server up 64% and competing. >> and d.r. horton up today. pete, doc? >> everything is good about this one, judge they've been buying calls, upside calls for the last two weeks. which was a blowout, they deserve it ou the price of soybeans gaining how the futures traders are playing that get it the trade next ♪ you shouldn't be rushed into b

then i've said that before so safety, utx, and honeywell.oining us from green bay, wisconsin >>> when we return, jim cramer will join us from the new york stock exchange so much to talk to him about take a look at the futures as we head to the break. back in a moment with mr. kramer k a leg! aflac?! not that kind of break. oooh! that had to hurt. aflac?! not that kind of hurt. yeah, aflac paid us cash in just one day to help with our car payments and mortgage. aflac! perfect timing! see how aflac helps cover everyday expenses at aflac.com. and i am a senior public safety my namspecialist for pg&e. my job is to help educate our first responders on how to deal with natural gas and electric emergencies. everyday when we go to work we want everyone to work safely and come home safely. i live right here in auburn, i absolutely love this community. once i moved here i didn't want to live anywhere else. i love that people in this community are willing to come together to make a difference for other people's lives. together, we're building a better

are back on the half time report, answering your questions as we all do danny asks should i hold honeywellnoffs you used to own it. >> i used to own it. i plan on owning this once again. i think tomorrow is an important quarterly earnings report. expect the guidance, lower end of that range to be raised and also the spin will be happening end of q3, beginning of q4 we're beginning to get the executives put into place. i'm intently watching earnings tomorrow and will probably get back in the stock. >> next up, terry in iowa asks stick with the xlf this person bought on your recommendation last year. >> 11% in a year, i would say absolutely especially after this most recent earnings report everybody through morgan stanley and how much they're killing it, scott, yeah i think the financials have plenty of lift from here. >> go to cnbc.com/halftime ladies first >> industrials have gotten beat up a little bit over the last few months largely because they've been in the crosshairs of the tariff. we've seen good earnings coming out. high free cash flow. i actually think that a lot of the bad senti

with the europeans made it possible the rumor has credence the up stock, 3m, caterpillar, emerson, honeywellunited technologies all beaten down despite excellent quarters, saw their stocks come roaring back some are simply coiled springs like that of collar, with a stock that wilted yesterday after a really good quarter. others like boeing are back in the bull camp after last week's down do either of these tech or industrial moves have staying power? both are a little tenuous. facebook has come down to a level that presumes the deceleration will continue for next year. that's the only way to explain the stock's country valuation. if i were an analyst, i would contact my trading desk and ask whether there are finally enough buyers underneath to let us downgrade the stock from buy to hold there are so many analysts who haven't done that yet without crushing the stock as long as the rest of tech is trading with facebook, it's going to be precarious but if tech trades up with the greatest consumer product story ever told, that of apple, well, that's a different story the china truce narrative is

honeywell's, rockwell international, those are great examples. robotics is another great area.y big contrary in play right now, particularly looking out over the next five years or so is ibm. they have half of the revenues coming from strategic additions right now and they are a leader in blockchain technology and artificial intelligence. also cloud. joe: that is a stock that has not responded much as these new initiatives bear fruit. >> i'll be at it is slow, and they have seen real improvements , particularly over the last couple of quarters from a revenue standpoint. half of their business is now involving these strategic imperatives. they are a leader in these areas. the earnings impact might not be that -- my not be that significant now. if you're looking at long-term approach, they are going to be more and more dominant in the areas. they have an attractive dividend yield. julie: you would have to take a long-term view when it comes to ibm. when it spends a value trap now for the past more than a decade, i pulled up a long-term chart of ibm on the bloomberg and, going bac

chinese fears put a lid on honeywell.n more aerospace exposure when the company closes on its rockwell collins acquisition. what else? i believe all this chatter now about our biggest winner in the s&p 500 today, impossible leveraged buyout candidate come downs to aerospace because our business is heavily comment on aircraft components. even general electric has been hurt by the belief that china will cancel orders with boeing but boeing does get a lot of business from china. with know boeing and caterpillar a the two stocks that get hit every time trade sensing flare up with the chinese. i'm betting people will realize china has to order aircraft from someone. there is only two someone's in the space, boeing and airbus if they want to switch from boeing to airbus, it could add years to their wait time this is very much a beggers can't be choosers situation. you know what? the real worry here isn't china. it's all that weakness in the american airlines, and the amount of overcapacity here in the u.s. the fares aren't hold

lower profit at honeywell. and it was up 2%.g happened 49 years ago today, neil armstrong. role that tape. >> that's one small step for a man, one giant leap for mankind. stuart: there is, by the way, a new movie coming out about that moon landing. >> i 20 of 1969 is when they set foot on the moon, neil armstrong. the movie will star ryan gosling as the famous astronaut, directed by the oscar-winning director of lala land. they are going to open up the 75th edition of the venice film festival and starring claire for a. hopefully if they win best picture they will get the right envelope this time. stuart: do you know where i was 49 years ago today? ashley: i know exactly where you are. you were in tehran. stuart: i was in the bazaar in tehran and they were shouting. apollo. ashley: my eighth birthday, i don't care who lands on the moon, where are my presence? stuart: nasa says it wants to go back to the moon and this time they want the astronauts to stay. harrison schmitt is with us, the second to last person to set foot on the m

emerson, honeywell, united technologies which haven't been able to gain any traction because they too have been dismissed as total china plays these seem to be very risky. while i think the negativity in the stocks has been well into the excess stage, i can tell you that all four will quickly give up their gains today with a single tweet from the president about trade. whether he is bashing china or criticizing european auto tariffs, my real worry is these stocks will get hit. by travel trust owns three out of four. today's action shows you that these names trade as though china is the only thing that matters. it should not be the case. that's the rational view, but it is the market irrational then there win reports still, wynn is down 43 points from the highs because worried about business in macau. i think wynn is way too cheap. i expect a single positive word from the president could send this up 20 bucks down 5, up 20? terrific risk we rest ward finally, the big shocker of the day. i'm saving the best for last the financials the fins lots of people believe that the banks were boun

business that business is not going away maybe the worst thing that ever happened to honeywell is former ceo dave cote said he developed a strong business. he made a similar mistake when he came on the show and told us how robust his china business. this is the will be like shooting fish in a barrel. poor old 3m. [ crying ] can't seem to get anything right lately it did get china right and therefore it's been arrested and how about semiconductor stocks micron which always gets totaled when the trade war is back in the headlines because they make cell phone components and the bears claim that china can turn off its demand for this stuff on a whim, something that's just a bold faced lie but whose going to bother with that, thinking that through in a day like today today's dragnet, by the way, did spare a few stocks that had previously gotten ensnared in the trade standoff like the baingts. perhaps because the charges wouldn't stick three big banks report on friday when they get a chance to defend themselves, i expect major sellers remorse with jpmorgan returning $21 billion to shareholders

joe: and honeywell reporting a second current -- second quarter earnings. at 1 p.m.oomberg real yield will be broadcasting from jpmorgan asset management. justin pharrell will talk the fed, emerging markets, and everything fixed income as he goes on the road. a short road trip. scarlet: that does it for "what'd you miss?" joe: have a great evening. this is bloomberg. ♪ emily: this is bloomberg technology. in the next hour, president a $5 is firing back after billion fine was slapped on google. how this could escalate trade with china and it u.s.. -- u.s. and eu. zuckerberg backtracks.

. >>> let's take a look at some stocks to watch this morning honeywell reported quarterly profits ofhare that was 11 cents ahead of expectations then the company raised its full year forecast as well citing growing shares intuitive beating expectations of $2.50 and that is helping the shares this morning up almost 4% company says sales of its flagship da vinci surgical system jumped by about 50% from a year ago and it also gave an upbeat current quarter forecast and skechers shares tumbling in premarket trading. the company says that earnings fell 5 cents short of the street forecast with results of about 36 cents -- or of 36 cents a share hurt by legal costs as well as unfavorable situations >> it's down 25% on a 5 cent miss >> that stock swings around like mad. >> a lot >> every quarter yeah >>> all right. when we come back, president trump inviting russia's vladimir putin to the white house this fall we'll hear more from joe's interview with the president about what he says about russia. then we'll get reaction from brookings' michael o'hanlon. ay tuned you are watching "squawk bo

at least the kudlow's comments regarding china that i can see in the marketplace boeing the up, honeywell, gtx. boeing airplanes, those are key considerations are up. >> look, you can argue on the one hand, that people are just saying, listen, the fundamentals are good, so it doesn't matter the new thesis i keep hearing is that the chinese are going to play some are arguing that xi will fold. >> i have a question about what constitutes a deal for us. if they gave us requiring you to establish a joint venture in the company. where is the line. stealing intellectual companies or borrowing it through these joint ventures, the things we have been talking about for years, that are anti-competitive the president seems to be focused on the numbers >> listen, we're going to let you in, and notice how we gave in on zte, but we did not have any sort of quarrel already, that the authorities had to agree to let qualcomm by zte we gave up a lot, but in the end, we gave up nothing. i'm sure that president trump is sitting there stewing, that xi gives up nothing it's the haart of the deal is ta is not t

i go back to the honeywell headline nine months ago with 8% organic growth. 6%the s&p 500 is closer to organic growth. that is very strong. the last five years on average have been lower, 3% to 5%, so 6% is strong. those estimates this year have only moved higher. back in january, it was not expected to be this strong him and so we have seen expectations move higher. aren't corporate officers focused on cost reduction? >> a couple of reasons. there is this underlying skepticism on the part of corporate managers. they are not as willing to part with the cash as they used to be. they are cautious in the plowing capital. operating margins are expected to be very high. produce paid to results, so operating margins are expected to rise for 10 of 11 sectors. to be fair, capital spending is expected to accelerate at a double-digit pace. they are parting with cash, but also relatively conservative. anna: in terms of this earnings season, where are we going to see companies proving their stock have been oversold globally? >> there is one sector that diverting to us as

they're in the process of rebuilding honeywell is going through this in terms of splitting off. waiting for johnson controls, many others to go through this kind of slimming and focusing exercise. >> nick, if china just for lack of a better team totally played fair, like the rest -- like we think of the rest, i'd say europe but i'm not sure. nobody's really as fair as we'd like them to be in terms of tariffs and everything else. but intellectual property and not having to partner up with a chinese company to gain entrance to the market, they totally said okay, you know what? uncle. we're going to do it we're going to enter the world community and just do everything by the book. how much money are we talking about that would benefit the u.s. economy >> it's probably a big number. you know, most of our companies have to turn over the engineering drawings or the proprietary -- >> think about that. >> it takes them for years and years and decades to try to figure out how to make or produce a reactor coolant pump. >> and then the counterfactual is by 2025, they don't need to militari

. >> that is great, check out the honeywell t5. steve: check out pete. >> hey, buddy. no ductwork. if you put air-conditioning, rip out the walls, very expensive, a lot of renovation. this can be installed in one day. no duck work. super efficient, air comes into the room at temperature. not traveling through duck work. very quiet. remote control but works through wi-fi. keep supercool, high energy savings. >> i prefer to avoid ductwork when i can. >> avoid duck -- ductwork. 30% more efficient than regular air-conditioning. pete: i like that. >> seeing money all the way around. pete: what about here. >> is this like duct tape. >> no. all the ductwork. this is ductless. >> i'm a big fan of you. >> taking ceiling fans, like another level. unbelievable. hunter simple connect. connects to a app. everything is with the smartphone. connect your fan to it. the app is very easy to install. call all of this with alexa, google, siri with the smartwatch. you talk to alexa. turn the fan on, slow it down. everything is smart. >> now we talk to our fans? >> when you have no one else