and some of the products that honeywell is trying to sell, they can save an airline up to 2%.t does not sound like much but airline spent hundreds of billions of dollars around the world each year on fuel. >> that is interesting because the whole country is doing the same thing, moving from making things to using software, their integrating nicely. >> pennington the largest investment firms in america on the next recession and how to prepare your portfolio. cvs ceo on how the pharmacy giant is working to lower the cost for prescription medicine. that is next. >> one of the things we been able to do is take your benefit design and put it into the positions ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ do you recall, not long ago ♪ we would walk on the sidewalk ♪ ♪ all around the wind blows ♪ we would only hold on to let go ♪ ♪ blow a kiss into the sun ♪ we need someone to lean on ♪ blow a kiss into the sun ♪ we needed somebody to lean on ♪ ♪ ♪ ♪ all we need is someone to lean on ♪ i wanted more that's why i've got the power of 1 2 3 medicines with trelegy. the only fda-approved 3-in-1 copd treatment. ♪

and some of the products that honeywell is trying to sell, they can save an airline up to 2%.t does not sound like much but airline spent hundreds of billions of dollars around the world each year on fuel. >> that is interesting because the whole country is doing the same thing, moving from making things to using software, their integrating nicely. >> pennington the largest investment firms in america on the next recession and how to prepare your portfolio. cvs ceo on how the pharmacy giant is working to lower the cost for prescription medicine. that is next. >> one of the things we been able to do is take your benefit design and put it into the positions ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ there's a company that's talked than me: jd power.people 448,134 to be exact. they answered 410 questions in 8 categories about vehicle quality. and when they were done, chevy earned more j.d. power quality awards across cars, trucks and suvs than any other brand over the last four years. so on behalf of chevrolet, i want to say "thank you, real people." you're welcome. we're gonna need a bigger room. i want

honeywell.like it a lot i thought the barren's ryan just a couple of weeks back had these guys as their cover story and one of the reasons was the ceo wants to transform them into an industrial software play that they say is going to increase the value by billions of dollars. i like that. i like honeywell it's one of joe's picks and i think this one goes a lot higher >> pete, to you from adam in canada is united health fully valued? should i sell and take profits >> i got out of it and moved over to sigona so i love the name i still think the three of them are all great xens, but i've moved over because i saw derivative options >> megan to you. your thoughts on the xli, industrials. >> we like industrials we recently moved back to overweight we see it as attractive value. constructive on the global economic story so we like it from a shorter term perspective. we were in the aerospace area, we diversified a lot to opportunities in airlines and even heavy machinery >> good stuff. we'll take a quic

honeywell international incorporated. today philip schultz and his fellow competitors are protesting outside georgia back in for lent. they want to raise awareness among customers in the hope the companies will eventually stop banking on the bomb they are convinced that only public pressure can prompt the big investors to reconsider. its magnify much yet handing out fliers on the streets of berlin i find that most people shrug you off or act as if they don't have much to do with it although everyone has a bank account and hardly anyone is with alternative banks. and whether it's deutsche a bank or some partner institution the german banks are all ultimately involved in this deadly $1000000000.00 business. to me i was at. abu dhabi as host i taxed the biggest arms fair in the middle east itself one of the most dangerous regions in the world. to go out to the silver that you believe why am. i. up on the past it showcase of military hardware hosted by a country with a population of less than half of berlin. the middle east i

i would note that honeywell $4 billion software business is now the lead of the pack there also roperbig trend to watch. >>> when we return, "squawk alley" gets busy we'll explain that after the break. it was sophie's big day. by the way, she's the next mozart. as usual we were behind schedule. but sophie's enthusiasm cannot be dampened. not even by a run-away donut. we powered through it in our toyota prius. because a star's got to shine, no matter what. it's unbelievable what you can do in the prius. toyota let's go places. i'm a regular in my neighborhood. i'm a regular at my local coffee shop and my local barber shop. when you shop small you help support your community - from after school programs to the arts! so become a regular, more regularly. because for every dollar you spend at a small business, an average of 67 cents stays in the community. join me and american express on small business saturday, november 30th, and see how shopping small adds up. >>> welcome back to "squawk alley. visiting the new york stock exchange yesterday promoting her new role as a spokesman for airbn

and some of the products that honeywell is trying to sell, they can save an airline up to 2%.ne spent hundreds of billions of dollars around the world each year on fuel. >> that is interesting because the whole country is doing the same thing, moving from making things to using software, their integrating nicely. >> pennington the largest investment firms in america on the next recession and how to prepare your portfolio. cvs ceo on how the pharmacy giant is working to lower the cost for prescription medicine. that is next. >> one of the things we been able to do is take your benefit design and put it into the positions ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ i need all the breaks as athat i can get.or, at liberty butchemel... cut. liberty mu... line? cut. liberty mutual customizes your car insurance so you only pay for what you need. cut. liberty m... am i allowed to riff? what if i come out of the water? liberty biberty... cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >> cvs is

honeywell is one of the companies designing these new refrigerants.lion cars from the road today. and this is happening without support from the white house. the kigali amendment has not been ratified by the trump administration. the most important thing is that us industry is implementing the kigali amendment without even having it passed into law here. for durwood, this race against time is deeply personal. you guys have been working on this for 30 years. it's time for us to take over. it's time for new people, new perspectives and change. keep your anger, keep your frustration. the 0scar—winning, british film director — steve mcqueen — opens a new exhibition at the tate gallery in london on tuesday. the project saw his team, photograph more than 75 thousand — 7 and 8 year old children from london schools. brenda emmanus went to meet him — to find out more. three, two, one, big smiles. the last year, this has been happening at schools across london. class photos of seven and eight —year—olds that are part of one of the most ambitious art exhibitions

at kilmarnock c n n y c they were given so honeywell a what. 10 years. less of a lemon nixon was all over them a little too long a national magazine and was strong on the team legal scholars who are there limits . and there clinton was always on the facade them all with the thing at the. very early in the band. and hijacked american. damon. to be your movie modern humans then he hired to my foolish lawyer the other part of . me and if you popular yachtsman and the hell with them i am in a police force how many before the election for them how are we able to get the auto. go in the. season. that fee to go is. on that. bus. that they did this season. the cult on the fake and in the semifinal of the. haiti way about on the. law to get in they have to live by the suburbs of them and go is. this awesome you know what i bought their home in the uk and went ahead with a behavior that he. might identify all the 2nd is about and they knew when this van hagar knew it i hate me and. it's just a myth on them and she's awful and to go is. of a hey get. a sprite. ok.

at kilmarnock c n n y c they were given so honeywell a what. 10 years.ess of a lemon nixon was all over them a little too long in a national magazine and was falling on an a.t.m. we will follow who are the limits. and they are calling on them and was always on the facade them all with the thing at the. very early in the band. and hijacked american. damon. to be your movie modern you mean any prior to my foolish way or the other part of. government and if you popular yachtsman and the heloc to miami police force how it will work before the election for them how are we able to get the auto. go in the full see season. that fee to go is. on that. they have a whole list. and that they need to season. the cult on a fake another semifinal for the. haiti way about on the. get in they have to live by the suburbs of them and go is. even. this awesome you know what i bought their home in the uk and went ahead with a behavior that he. might identify all the 2nd is about and they knew when this van hagar knew it i hate me and. it's just a myth on them he she saw when

i read that both general electric and honeywell have seen price increases passed on the tariffs.rom a purely political sense, take away the effect on the economy, which is certainly important, it is something the president needs to have as he goes into 2020, but also, he needs to show he can get things done. , a bowl ofunny way house democrats and president trump. they need the usmca to get -- david: if usmca does not get done right now, the democrats have a problem, don't they? to think i would like everybody believes in legislating in the traditional sense, but in this case what started out as a bipartisan issue -- problems with trait where you had someone like sharad brown and donald trump both saying the same thing, that has diverged, not just in reality but in the minds of the american voter to the point where donald trump owns the success or failure of the trade negotiations or trade war he started. i do not think there is a true separation in the minds of most americans. when it comes to north america, that is one thing, when it comes to china that is another. they are exp

at kilmarnock c n n y c they were given so honeywell a what. 10 years. less of a lemon nixon was all over them a little too long in a national magazine and was fun on the team legal scholars who are there limits. and there clinton was always on the facade them the only thing at the. very early in the band. and hijacked american. damon. blah. blah blah to be your movie modern you mean any prior to my foolish way or the other part of. government and if you pop a yachtsman and the hell with them i am in a police force how many will work for the like in full of them how are we able to get the auto. go in the full see season. that fee to go is. on that. i hold. that they did the season. the cult on the fake and in the semifinal of the. haiti way about on the. little get in they had to live by the suburbs of them to go is. even. this awesome you know what i bought and that is the hum in the rock on one head with a behavior that you. might identify it all the 2nd is about in a. woman is very on the head so they knew it i hate me and. it's just a myth on them an

>> i think tusa is -- tusa is right about honeywell. >> what does that mean >> he likes honeywell. >>s wrong on ge. >> david, as you said, he had his chance, right? he had his chance. and right there was when he should have upgraded it. now he's stuck captain ahab is stuck, right that's how i regard him. you just shouldn't bet against culp it was a nice move, you one, declare victory and move on, david. he didn't. >> talking about the jpmorgan analyst. >> i don't want to joke around he's a really good analyst told you to get out of 3m, told you to get out of this you can argue, even if he upgrades it tomorrow, it would be a good call >> my point is, every other analyst put together doesn't amount to one tusa, do they? >> tusa is -- >> in terms of influence. >> let's put it this way, culp takes tusa really seriously. >> this is the chance. >> here's what i think is what he did wrong culp, one of the first things he does is call tusa and said, listen, what do you think i should do? he then goes with the tusa game plan, so why not go hold if you got the tusa game plan tusa is that powerf

i'm a company and company guy, with the exception of honeywell and united tlks, i cannot think of anyeally well they're wounded by the tried war or strong water. that's why it makes so much sense for the fed to cut wednesday and why they might need to keep cutting down the road every time the fed eases you hear self-appointed experts to say the rateis about to set of an ill luminous bout of inflation. they have been wrong every single time. they cling to this and act like they've been right but the relationship between unemployment inflation, hey, it broke down i think it's because we have so many deflagsary courses in this new economy. with walmart and amazon and software companies driving down prices, the fed has leeway to cut rates. if they boost employment in gdp growth without causing inflation, well, that'swhat they should do there's no downside. i know what the textbooks say. those textbooks are obviously and empirically wrong. it's time to put them and their believers out to pasture stick with cramer. usaa took care of her car rental, and getting her car towed. all i had to ta

where this all falls out, it is still to be determined on the industrial side, honeywell is one of thems of having a solution that can deliver results and is implementable at this point in time. alix: always great to catch up with you. brooke sutherland of bloomberg opinion. romaine bostick, thank you for joining me. romaine: i love being here. alix: we actually learned we went to the same college, we did not know it. i am like 100 years younger than him. the s&p rallies on trade optimism. what is the next rebel of resistance? we will break that down. sirius xm 119nel on the bloomberg business app. this is bloomberg. ♪ alix: time for "technically speaking." bill maloney joins me now. listen to bill every day on bloomberg. we talked about the s&p opening another record high. what is the resistance? where we at? bill: s&p futures up around 12 points. they broke out of the july trading range in october. the next potential resistance around 3100, then 3107 is the forecast level of the july to august range. weekly back to a tenure -- to a 10 year weekly, we are in a long-term channel uptren

production cutbacks and filters down to the supply chain in impacts jobs and companies like ge, honeywellhey can have a wide-ranging impact. michael: don't need to think about them differently? i cannot walk into boeing or airbus or by a plane today. it will take years to get it. how do you look at a company like that when you say there could be a slow down but it could mean they are cutting back on production six years from now? brooke: they are coming back on production now. michael: they cannot fly. max, theot the 737 787, because you are not seeing the demand materializing china. some of the demand is shifting to airbus. airbus seeing boeing and slipping. they have been so strong because of they have had more orders than the planes they are delivering. that dynamic is shifting. that does raise the question to me about what is the longevity. of course this is growing faster than a lot of the other industrial markets. are we getting long in the tooth? i have some doubts. alix: your point about the longevity, we wind up having things like climate change. if you not take planes or you do

you hear united technologies, honeywell will get out what doesn't work, caterpillar, dividend is sacrosanctud-based marketing companies. do we need that? >> all trading at incredible multiples. >> do we need zendesk and 59 do we need z-scaler and cloud strike and fire eye and -- >> calling for potential consolidation. >> do we ever need it. i spoke to fire eye last night no one is willing to consolidate. that's why i know that people now tell me, jim, got to get the story straight, xerox. xerox wants to do a bid. the story straight xerox, they want to do a deal. the story is straight, hp -- i don't know, 48 hours, they didn't want to do -- no deal >> the guys who own -- the guys who are xerox, they say, jim, don't you understand, you don't understand, that's my favorite, you don't understand the synergy behind occidental, you don't you're dead wrong. you're an idiot. you think there is -- no, i'm not an idiot i'm smart. look at dimon. look at dimon. faang. sold to the gentleman in the back >> the opening bell here, s&p 500, at the cnbc real time exchange and the big board, biomx, celebratin

honeywell, new highs these are things that do not happen in the context of a bear market or recession about to approach tomorrow. so, i still believe we have to take the ebbs and flows of each day's news, try not to make any particular story into a bigger thing than it is. >> morgan, you know who he's talking to here. >> i know led us strongly out of the gate. >> tempting us tempting us. the big stories we're watching today. kayla tausche, uber's lock-up exploration and phil lebeau on the 737 max and the ceo's future at the company kayla, let's start with you. >> for the white house, it's still working toward a deadline of next weekend when the apex summit would have been held. senior official acknowledges that may not be feasible as the two sides are negotiating terms and eventually a venue before those december 15th tariffs. the summit would likely be in europe where president trump would be in early december, expecting to attend the nato leaders summit in london being held december 3rd and 4th. for months, according to officials, he has suggested switzerland as the ultimate neutral

that's a trend across the broader industry with names like honeywell.k, we go back out to huntsville, alabama. morgan brennan has more on space from rocket city, usa. record highs for the s&p and nasdaq don't go away. heading into retirement you want to follow your passions rather than worry about how to pay for long-term care. brighthouse smartcare℠ is a hybrid life insurance and long-term care product. it protects your family while providing long-term care coverage, should you need it. so you can explore all the amazing things ahead. talk to your advisor about brighthouse smartcare. brighthouse financial. build for what's ahead℠ brighthouse financial. each day our planet awakens but with opportunity comes risk. and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. high protein. low sugar. tastes

stocks are on a roll, the cyclicals are on a roll, honeywell, and then jamie dimon, i mean, it was righto have him -- timely, timely both between will frost and 60 minutes because the stock is done inconsiderably well you got some good stocks >> qualcomm a quick aside, a little over two years ago that broadcom made the hostile, low 80s, the stock is now well above that >> isn't that interesting? broadcom is higher than where it went. >> that's an interesting point >> in terms of that, it was 5g we misjudged 5g is when you read what korbo is saying, and qualcomm, 5g is dramatically bigger than 5g. it is a theme for us for ages and ages as one after another company -- we haven't seen the viacom -- i'm sorry, the verizon big rollout, we have a bunch of chinese companies. the european companies are going to roll it out it turned out to be this a gigantic spur for the group. when you look at what worked for this period, semis, bank stocks, cyclicals. the bank stocks, a lot of them are waiting for some sort of phase one. where they can move in aggressively to -- by the way, that's part of the

economy is consumer economy is doing well i'm trying to find an industrial company, other than honeywelland maybe united technologies, to say good things so far this quarter. >> that's a good assignment. i'm thinking back myself. >> i can't find it >> we're not including things like microsoft, hardware-related tech >> not those, no a company that exports. >> he had a decent quarter. >> yeah. that's called -- that's not as bad as feared. >> absolutely. >> okay. i had not heard that one but -- >> ge was nabath, not as bad as feared they're still making windmills they're tilting windmills. >> yes, they may be. don quixote-esque. >> interesting comments here from james park about how 12 years ago we set an audacious company vision to make the world healthier. >> right. >> and google is an ideal partner to advance our mission. >> that's good >> the people have known this was potentially going to happen, the price is still above where the -- it is a decent premium to the current price, you're going to watch that stock given the 735 in cash move up a good deal. it is about ip, right? that's wha

the other group that's breaking out, still has been breaking out, is those industrial names honeywellk built into those and some infrastructure stocks like jacobs engineering, new highs. there's the closing bell the dow was at new highs about an hour ago. still up 32 points s&p 500 closing flat for the day. >>> all right. and welcome to the "closing bell," everybody on another record tuesday, i'm brian sullivan >> and i'm morgan brennan in for sara eisen let's get a look at how the markets have settled here. looks like the dow has finished another record closing high, up 31 points, 27492 the s&p taking a breather from its recent record rally, closing down about three points. the nasdaq looks like it closed at a fresh record high small caps finishing the day higher and transports hitting a fresh 52-week high >> and steven weiss, you've got a kid that went to duke and a bunch of j-hawks surrounding us. let's go blue devils stephen weiss. chris retsler are still with us, as well. i think it's the ninth day of 11, stephen, that we are higher on the s&p 500 a lot of momentum behind this ma

honeywell.t they're doing darrius with the software. >> he read the entire magazine. >> yeah. >> all right when we come back this morning's top corporate headlines including the launch of disney plus >>> plus, could 5g give a boost to sports betting? those stories and much more. "squawk box" will be back after a quick break. >>> don't forget to subscribe to our podcast. you'll get interviews, original content, and behind the scenes access look for us on apple podcasts or on your favorite podcast app and subsibtoquk d dacre sawpotoy. robinhood believes now is the time to do money. without the commission fees and account minimums. so, you can start investing wherever you are - even on the bus. download now and get your first stock on us. robinhood. but in my mind i'm still 25. that's why i take osteo bi-flex, to keep me moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex - now in triple strength plus magnesium. what are you doing back there, junior

you can go into companies like the honeywells, the microsofts, big multi-nationals. >> blackstone. >>ne. >> great run. >> great dividend yield. great run. they're still aggregating assets you can look at the banks. jpmorgan, bank of america. they're going to do well when you're at 12 times earnings you have expansion. >> can i point out most of the markets -- >> one last thing. >> the market has not been great at predicting the political outcomes of tariffs. >> the markets or strategists in the markets? >> i mean, i don't know if you dispute a whole lot of -- look, i don't know there's been a whole lot of space between the two. it looks like the markets bet on a positive outcome at least twice and it's been wrong. right now at least our polling, and i guess the market, thinks these december 15th tariffs are not going to happen. sarat just said it. >> we shall see. >> but it's not been right. >> look at last december. >> sarat, thank you. >>> when we come back, guest host and former yum brands ceo david novak will talk trade tensions in china and here in america and so much more he's g

like honeywell, microsoft, i think you're not going to go wrong owning those companies especially iflobal growth coming back. >> what do we need to watch for? what are the risks that you have out there on the table trade war is front and center? that's number one. >> i think certainly if the manufacturing weakness spills into the consumer sector you'll see a resurgence of recession fears, recession talk. on the up side, i would keep an eye on europe and potential for fiscal stimulus. very much a tail risk. there are political problems coming up in germany we see a coalition with the green party which is pro stimulus, pro government spending that could be a big tailwind for that region. >> there are zero options for that right now this has happened so often in europe, we've had so many years. if that does happen, hence the multi-national exposure. corp rates that have global exposure will do well. >> mandy, thanks for coming in. >> always great to be here. >> sarat will be sticking with us for the rest of the hour. >> coming up, our big interview of the morning, boeing chairman david