. >>> i had the opportunity to speak with chairman and ceo of honeywell.he economy, vaccine distribution and the demand for tech and transformation overall and got thoughts on the future of work from home. >> i don't think people are going to be purely digital and say we'll be a work from home environment. i don't know of any company -- maybe i know one or two but not very many will say we'll purely go to a work from home environment and most companies see value in employees being together in building their networks and innovating together and debating points together because it isn't the same to communicate through cyber medium like we're doing today if that's true a lot of this solutions are going to be important. whether employees are back two days, three days, or four days, they're going to be back >> also software systems for managing visitors and employees entry and we talked about the road ahead for honeywell and how he sees the company evolving from the industrial giant it was into a tech company with some industrial focus >> the biggest transforma

. >> the thinking behind the reverse split is comparison, like a honeywell has a hundred billion shares they do the reverse split. it comes in line with the headline well which has a market cap similar to ge. it sort of lines them up with competitors. when you think of a reverse split, you think of a stock that's trading at a buck and you want to make sure it's not delisted usually it's a company in distress of some form. >> right they're saying we're of that stature, a honeywell type value, not market value, but announcing a reverse split is not of that stature at all a reverse split is also a sign of weakness. i think, you know, they didn't get to this price because they split. right? they got here because things didn't go well their depth skyrocketed and their stock got krushds. i know they did a split like 20 years ago but that's not what led them to here the reverse split, i am not a buyer of that at all and i think the board is going to change their minds. i think this is a bad idea just focus on the business, right? you're doing a great job trying to get the business. simplify th

. >> caller: my question is, i know you have been trimming honeywell, i owe 100 shares of it and am up 55 points should i trim it or go in to emerson? >> no, no, honeywell is better if you are not a trader and you are not worried about a little, something had that can pull the stock down, unlike, we did trim it for action, as you know then i think you are fine. all we were trying to do is right-size position. so, i think you are fine i can tell you to sell 25, i think you hold on to it. let's go to bob in new jersey, bob. >> caller: yes, sir, jim, greetings from normandy beach, new jersey >> oh, man, that is right next to florida >> caller: some observations and your opinion zoom is what i'm interested in here, for its positives, it's a worldwide phenomenon, may not know microsoft, and number two, the last quarter was a beat, when the stock went up 40 points on that. and now to the negatives you get the rotation out of textile. 87.5 -- >> i struggle over zoom, bob, i do i think it's a great company i keep trying to say, what level should people buy it if you like zoom like i do, i'm ac

some are double masking, others opting for an air purifying respirator and honeywell launching a dueler mask with a replaceable insert with that said, the vaccine, it's not expected to dent demand for n95s, in fact, lydall ceo who makes filtration materials that goes in a lot of these masks, sees demand growing as schools and offices look to safely reopen. brian. >> a lot of talk about the spes spending bill, and there's talk about money going to personal protective equipment for teach sk ers and others what is the president doing about the current lack of things like the n95 mask? >> in one of his first official acts as president, he announced plans to boost the production of n95. in addition to bringing more masks to market, state and federal officials need to solve the procurement issue that have left some third party suppliers with millions of masks and no new orders, so there's a communication gap that also needs to be solved brian. >> yeah, it certainly does, especially when you talk about flying seema, the one thing i will remember about you, you were the first person i know th

they hired a ceo named bob smith from honeywell aerospace and he was hired to kind of come in as the company moved from this shop to an operational company flying missions in space and contracts with the department of defense. smith made blue origin more like a traditional aerospace company. much more closer to boeing or sierra nevada or lockheed martin or spacex. as it is interesting there's a parallel in history in 2006, elon musk hired he is first ceo, a guy named jim from the sea launch that was a company partly owned by boeing, so a traditional launch company. he was very much a traditional ceo coming in when you go from a startup to a bigger company. as i say, they clashed and he was going pretty quickly. >> divided into space travel, why is that? >> the one thing about spaceflight is it can be a very unifying experience. it was the soviets in the united states and we were trying to show the supremacy of the various forms of government. but since the 1990s or 1980s we worked with the soviets and russians in space and so it has been a unifying adventure. the last decade as our r

tom: john, what are you going to do one honeywell comes out with 9% organic revenue growth? we are not prepared for that. jonathan: nope. good morning, alongside tom keene, lisa abramowicz, i'm jonathan ferro. we advanced not a 10th of 1% going into your payrolls report. heard on bloomberg radio, seen on bloombergtv, this is "bloomberg surveillance." ♪ ritika: senate democrats are bracing for a marathon session of votes on president biden's 1.9 trillion dollars stimulus package. tim's terrain in this didn't -- the spending bill will extend the timetable into the weekend. it is a balancing act for democratic leaders. they need a bill that gets the votes of all 50 democrats without asking a revolt by progressives. the u.s. and u.k. may impose more sanctions on russia, this time over the use of chemical weapons. bloomberg has learned the countries may target moscow. this week president biden joined the eu in sanctioning russia over the jailing of alexei navalny. china is setting a modest growth target, a signal that monetary and fiscal policy will be constrained. a contrast to

and technology in an industrial it hasn't done very much especially compared to something like a honeywell you know i like boeing, ge that's the aviation recovery story and also, reopen story and i think ge, an analyst day on the tenth of march. i think it will be well received and still underowned there are pockets i'll buy here but do the biggest buys in the summertime when there were a lot of bargains. >> you're in the right spot right now. there's no doubt about that. and speaking of, bryn, you have a fair amount of energy exposure, at least stocks that you like your picks xle, chevron, viper energy oil has been off to the races. >> i think people don't understand with energy, all of this move to make everything green and everything clean hasn't been built yet. it has this unintended consequence of we need a lot of energy as the economies are reopening, yet we haven't pivoted to anything green for the most part. we're starting to get windmills, solar. and i think this asset class is so underowned, you really won't find it any index over 1% or 2% so you have to go out there and buy the

. >>> why don't you think the private sector has stepped up here we have seen companies lie honeywellnike in oregon trying to assist their home states with their vaccine plan, but i would expect more companies to do the same. why don't you think they have? >> unless you're a healthcare-committed company like holy name, there's no margin in this that's one challenge others underestimate the complexity of these vaccines transporting, preparing these vaccines, and they come in vials -- pfizer you can get five to kicks, moderna ten, j&j five, so you want to schedule in increments of five the minute you prep a vial, it has six hour at most two hours on j&j so the logistics are quite complex. >> we may have to break to go to the president, but we know you had the illness last spring. do you have any aftereffects and in light of the effect you did have the illness and have the antibodies, have you been vaccinated or do you plan to be? >> that's a great deal question. it's actually one year now that i was diagnosed with the virus i have no long-term effects. i actually still have the antibodi

. >> reporter: as the pandemic took hold, main manufacturers of n95 masks, 3m and honeywell ramped up production. >> we're hitting historic levels of output domestically, quadrupling what we did 12 months ago prior to covid. >> we can produce about a billion n95's a year we're 50 times more capable of that production today than we were a year ago. >> reporter: it's still not enough a survey found 56% of front line workers said they still faced a shortage of n95s many hospitals, especially smaller ones are asking staff to con serve their masks, wearing them for multiple shifts a continuing price gouging. >> we have launched 30 different lawsuits against actors with product that is sometimes five, six, ten times what the standard price should be. >> reporter: despite complaints of a shortage, prestige amer tech says it currently has 7 million masks at its warehouse if doctors and nurses can't get n95s it's because their employers can't spend the money or aren't aware there are smaller suppliers like his that have inventory on hand shep. >> seema mody, thank you. >>> one year into all of

important stocks for the economy have the best charts you can find so let's start with caterpillar and honeywell. these are flawless charts. the fundamentals, fine, i got it but the buyers are coming in and accumulating on the way up there's almost no volatility here the airlines look much better. look at southwest airlines, luv, the best chart in the group. so when i reference charts rather than fundamentals, it is because fundamentals aren't changing minute to minute but stock prices are, and they are a reflection of where investors feel good about what they're hearing on the fundamentals. so i will just cut to the chase. i look at a new height for transports, up 1.2%. fedex looks outstanding and then they came in and bought the banks. so you had this blow-off top moments in rates and it scared everybody out of the banks, but it was a very buyable pull back and the buyers, in fact, came in all of that is going on while they're trying to double bottom the arc stocks so the arc etf and all of the related stocks were actually red this morning they're up more than 1% today, and they're doing that

so all-time highs today out of the cyclical space, general motors, whirlpool, caterpillar, deer, honeywell, jacobs engineering, parker hannafin, home depot and lowes i have multi-year highs. there's a lot of names from a lot of cross sectors in the cyclical space, steve. is it time to look at the gains and do what ricky sandler is doing and look to take some profits and chips off the table or not >> i believe that you definitely have to start looking at it. you look at caterpillar which is telling at 20 times forward earnings, that's if they get there. i think that's expensive look, if powell is right we have transitory inflation, then that's not good for caterpillar. so i think those are way too valued now, gm from a different story, it is still a cheap stock, and i believe you are seeing a rerating of the auto stocks. i own gm, i own porsche. i think those continue to go so some of them have just moved too much i was looking at commodity prices, freeport mac more an, not far off on an all-time high or at least a multi-year high. copper is up about 13%, stock is up about 30% year-to-date.

i also bought some emcor again, emcor is like, these companies are sort of like parts of honeywell except a lot cheaper at 15 times earnings and so they did well in the pandemic trough and now they'll really explode. so a big discount to the market. that's where i want to be. i continue to add that exposure and i add to adcor and ups and boeing which i initiated last week so thank you >> i did mention roblox. we are awaiting the first trade and the direct listing and indicated between 68 and 70. so it's going to be a good one and one of the biggest ipos, of course, or at least one of the biggest listings of this year so far. altimeter ceo is with us, brad gerstner is with us. thank for coming back. >> thanks for having me. good to see you and the gang looks like steve is on fire to start the show. >> what else is new? >> big day for you congratulations. what may be the most interesting part of this whole story is you looked at this before and you gave it the heisman and then you came back because you admitted that you miss something. tell us about that >> i'm not sure if they gave me the

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the financials have been doing well honeywell is up there.ot all adding to the dow's gains. most dow stocks are higher right now. united health, microsoft, apple, and intel are the exceptions technology under a little pressure nasdaq still higher. but tech is definitely under performing today it is basically a reverse from what we saw yesterday. the airline industry, pushing back against the cdc's new guidelines that vaccinated people should still be avoiding travel we'll talk to the ceo of hawaiian airlines next plus, march is women's history month. we are spotlighting some of our cnbc contributors. here is rbc's global head of commodity strategy on the women that inspired her. >> for me growing up i was really inspired by these fearless female leaders who were the first women to lead their countries whether it be indira gandhi in india, golda meir in israel, these were the women who led their countries in challenging times. they were not perfect leaders by any means but they really were fearless they had spines of steel they were incredible

they have a long history, whether it's the honeywell deal that got stopped or the deal in which theyrent conditions with the french government. the eu has not necessarily been kind to ge in the past >> yeah. it could be one to watch good stuff, david. thank you. >>> we're going to keep an eye on, what else, gamestop. it's rallying again today. it's up another 17%. it's up 110% for the week so far. we have to look at a big show straight ahead on "squawk" in straight ahead on "squawk" in the streets, don't go anywhere and help make a hospital come to you, instead of you going to it. so when it comes to your business, you know we'll stop at nothing. keep your eye on some cannabis names flying high in this volatile market with the alternative ticker mj up over 60% this year. also watch msos, which is more of a u.s. play meantime, kera leaf announces results yesterday, the revenue up 26 quarter on quarter we are joined by the executive chairman boris jordan on a first on cnbc interview, always good to check in, in the space. welcome back, good to see you. >> good to be here, carl, thanks

gottlieb correctly pointed out obviously that there is vial issue, by the way honeywell has a fantastic vial and i think people should understand that and it's a great way, i'm sure, calling these people and saying listen, we got a new kind of vial but what i like about this, carl is, we're now going to begin to say, it will be david, i don't know, memorial day, we are able to pull up, and through, when we thought, because of j&j's amazing capacity to make so many vials, and for it not to be able to be frozen and put in dry ice, but just boom, u.p.s. there, mckesson, u.p.s., mckesson. >> cvs or walgreen's. >> it's real. >> yeah. it certainly feels that way. it's all anecdotal of course from my perspective in terms of various friends who are getting the vaccine, but it has started to really pick up. it really has, jim at least in the new york area. certainly, actually amongst friends around the country so that's great news and maybe you do move ahead, so to speak, in terms of your time when things are going to fully reopen even with the concern, the continued concern about variants and b

honeywell falls into this group.umer names like coca-cola, johnson & johnson, and procter & gamble. i think you can hear a lot more about those mid-tier stocks we talk about, those consumer value names, in the next couple of weeks, particularly if rates continue to rise carl, back to you. >> all right, bob, thank you for that bob pisani bob's absolutely right we got a bunch of all-time highs in the bank group. jpm, goldman, look at the ndx though, not too many components in the green gm, all-time high today. we're back in a moment ♪ if your money is working toward the same goals, why keep it in different places? sofi is a one-stop shop for your finances- designed to work better together. spend with sofi and get cash back rewards that automatically go toward your goals. like investing in stocks, etfs, and crypto. that's better together. or pay down your sofi debt sooner. that's better together. and that's how sofi is helping millions get their money right. ♪ ♪ four, five, turn, kick. ♪ we got chased by these wild coyo

cyclical like gear, boeing, honeywell, caterpillar we have a panel with us today.ves i'm going to let barry start with his thesis it's still early. you think there are still three tailwinds around for industrials? >> i do. we're recovering in the industrial sector from a double dip recession. it began with the trade war. 2019 we had the first period since at least 1990 where global trade was negative and world gdp was positive we were just starting to get a bit of a recovery when the pandemic took hold we're recovering from both of those shocks you could see it in the ism survey numbers yesterday supplier delivery prices are all surging. customer inventories are actually falling in the low 30s. so the strength of that recovery is going to probably persist the entire year. second is cap ex they have a severe hit during the trade war, depressed cap ex. most companies, many companies are beneficiaries of stronger cap ex that's just getting started. then there's a price effect there as well. that's the cyclical case the secular case is the industrial renaissance and th

there was companies like general electric, motorola, honeywell. profits clause or the procurement contract went away from being cost plus which simply could have costs coming back to nasa that were really inflated towards fixed price contracts with incentives for continual innovation and quality improvement. so that build back better agenda which we all talk about has to go to the design of the public/private relationship today. those partnerships need to be symbiotic. >> sam stein. >> yeah. i hone i don't sound as old as mike barnacle just did talking about the apps on my phone and the diddy dos or whatever he just said. profess we shall doesn't the real problem come down to a simple thing, which is automation? our jobs are being essentially taken away from us because there are more efficient ways for them to be done through technology, computers, robots? and if that is, indeed, the crux of the matter, how do you go about changing them? people like efficiencies in their lives, they want to hail a taxi cab on their phone, for instance, or produce