government is a major client of lockheed martin and in 2019 alone lockheed expected to earn 41 billion in revenue from the u.s. government. business paid for by the american taxpayers. for that much money we can expect lockheed to deliver products that work and that keep our servicemembers safe. anything else is unacceptable. i also plan to look at further legislation needed to ensure that f-35 is meeting performance expectations and i want to thank our witnesses for testifying on this important issue and i really want to thank ranking member and his staff for their cooperation and assistance on this hearing and the numerous meetings that we had before hand. this truly is a bipartisan investigation and i now yield to the distinguished ranking member from the great state of kentucky for his opening statement. spare good morning and thank you, madam chair for those nice words and for holding this important hearing. i appreciate each of our witnesses here today and want to extend my personal thank you to lieutenant general for his continued service to this country and ms. ellen lord for h

china says it will impose sanctions on americans lockheed martin. move is in response to washington's approval of the possible deal to buy parts to refurbish defense missiles of private company, a foreign called themkesman to cut military ties. huawei. is poised to ban from its networks reversing an earlier go ahead. both companies -- copies not be allowed to add huawei components by the end of the year. all existing equipment will have to be removed by 2027. they're expected to set up plans in parliament later today. is noan union justice doubt and luxembourg are set to release two rulings. first is on the irish back tax bill and in a separate ruling, they will -- on shipping across the atlantic without applying to rules. at your bloomberg business flash. >> thank you very much. let's talk about angela merkel who is showing a united front with italy ahead of a crucial eu summit. the two leaders have warned the block needs a massive response to tackle the pandemic. still with us is trevor at the royal london asset management team. size and scope of

w lockheed got tied up in the chinese tensions.nd you should be mad at tech that makes things worse. but you're not mad, because you have e*trade, who's tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. don't get mad. get e*trade's simplified technical analysis. ♪ ♪ now is the time to support the places you love. spend 10 dollars or more at a participating small business and get 5 dollars back, up to 10 times with american express. enroll now at shopsmall.com. 49i found you! good job. now i'm gonna stay here and you go hide. watch your favorites from anywhere in the house with the xfinity stream app. free with your xfinity service. now any room can be a tv room. stream live tv, on demand shows and movies even your dvr recordings. download the xfinity stream app today to stream the entertainment you love. xfinity. the future of awesome. . >>> stocks ready to bounce back after giving up big returns. tensions between united states and china flaring up once again. sha

the vice president and general manager of the f-35 program at lockheed martin corporation also joined the hearing remotely to answer questions from lawmakers. >> the committee will come to order. first of all, i would like to congratulate ranking member and this is his first full committee hearing a

made the announcement on tuesday if it did not give more details on what measures will be imposed lockheed martin is the main contractor for a $620000000.00 upgrade to taiwan service to end the silence china all sales to taiwan and accuses the us of meddling with its internal affairs. a man accused of torturing women and destroying ancient monuments and mollie's to dr a standing trial at the international criminal court in the hague. has charged with war crimes and crimes against humanity because hacker points. in the city of timbuktu al-qaeda linked forces call on crowds to witness the killing of a man this footage secretly shot by al-jazeera in 2012 has never been broadcast on the green turban is a former villager veterinarian turned a leading figure of the religious police during the occupation of northern mali al qaeda affiliate this man was logged for stealing food from a shop this woman without any explanation of the orders of all. he's now at the international criminal court accused of crimes against humanity and war crimes including the torture rape and sexual slavery of women and

we will get to the earnings of the day, coke, lockheed, ibm from last night.ell talk to james quincy and we will highlight tonights snap ual texan use. biden with part three of his economic plan today. a wnade dogrof tesla a lot to get to in a moment. you're first. first to respond. first to put others' lives before your own. and in an emergency, you need a network that puts you first. that connects you to technology to each other and to other agencies. built with and for first responders. firstnet. the only officially authorized wireless network for first responders. because putting you first is our job. welcome to camp tonsafun on xfinity! it's summer camp, but in your living room. learn how to draw with a minions expert... how to build an indoor obstacle course! plus... whatever she's doing. and me, jade catta-preta. the host of e's the soup! camp tonsafun. it's like summer camp, but minus the poison ivy. unless you own poison ivy. in which case, why? just say "summer camp" into your xfinity voice remote to join. >>> coke up 3% premarket despite organic rev

program at lockheed martin corporation also joined the hearing remotely to answer questions from lawmakers. >> the committee will come to order. first of >> first of all congratulate to the ranking member the first for committee hearing as ranking f member and im pleased we can work in a bipartisan manner we all want a strong military and private sector and government but the violate taxpayer many for the purposes it washe meant for. i look forward to working with the ranking member in the future and am so pleased he is today.

weeper looking at the lockheed martin page on bloomberg.or this business back in 2019. china will be smaller than that. perhaps it is all the symbolism that matters here. huawei from banned its network. they will not be able to add huawei components to the 5-g network. the decision is expected to be announced in the house of commons later today. joining us now is our u.k. political reporter. joe, you have covered the elecom beat. i thought we settled this back in january. we heard that we had reached a decision in the u.k. and now an about face. what's happening? >> yes, that's right. and the trigger seems to be the sanctions imposed by the u.s. government on huawei which have affected its supply chain for microchips. that's how they are justifying t. they were going to go ahead with haw ha way with restrictions but now are saying -- we expect them to announce they have to remove them. anna: so we're going to see something phased. different requirements when it comes to huawei equipment. what do telecom companies say about this? do they sut

is a nice $8000000000.00 into pentagon weapons systems built by defense contractors like boeing lockheed martin and general dynamics and what kind of virus and disease fighting weapons will this $8000000000.00 buy us taxpaying citizens well time magazine goes on report that the bill would deposit $2200000000.00 in pentagon ship building accounts it would boost missile defense systems in california and alaska and deliver about $1400000000.00 for the c 130 transport planes and f. 35 fighters manufactured by the good folks at lockheed martin. and as journalists and activists around the us begin to uncover this latest $1000000000.00 defense contractor gift basket they are being labeled as adversary by the pentagon politico is now reporting that a new mandatory pentagon training course aimed at preventing leaks refers to protestors and journalists as adversaries in a fictional scenario designed to teach defense department personnel how to better protect sensitive information adversary is the term they use yes those working on the front lines of the 1st amendment to our constitution protestors

companies in the news, lockheed martin.ey are going to sell surface-to-air missiles to taiwan. that's a no-no for the chinese. the state department approved a $600 million deal between lockheed and taiwan last week. the chinese don't like it. >>> look at 3m. they are developing a rapid test for the virus with m.i.t. researchers. they are getting $500,000 from the government for the development of that. 3m is up 1.5%. >>> listen to this. more than $6.5 million was bet on table tennis in colorado just in the month of may. that's about a quarter of all sports betting in colorado for the month. it tells you how skewed the sports market is. >>> the disney world bubble, that's the nba down there in orlando, it's in question. two nba players test positive for the virus. if athletes can't stay safe in a controlled environment, how are other leagues going to protect players on the road? bad news for sports in general. we will discuss it. >>> and now that the redskins are a thing of the past, the p.c. police shifting focus to basebal

tuesday morning we hear from lockheed martin. interesting situation. lockheed as a new ceo. remember the former american tower, one of the best executives i've met. he turned it from 2 billion to 100 billion and two broker firms cut. i don't want to put it all on but half, before half after. we get results from coca-cola and will be difficult for them to blow away numbers when pepsi co shot, coke is well run but what can you do if restaurants are shut down and convenience stores don't get as much business? pepsi co, after the close texas instruments reports -- and this company is actually had a erratic post earnings track record we want to know about depend since the rival recently announced it's acquiring maximum. i wish texas instruments bought back stock we want growth i'm actually expecting one from holy cow, snap the parent of snapchat because there are only so many good places to advertise online and that's what people want these days snap -- all the advertisers dig this out snap has its act together. i wish the stock had so much in the quarter, could be a letdown. the

it is coming back from the losses we saw from china, placing sanctions on lockheed martin. adverse reaction to the latest from the white house. ondi: i know the sanctions lockheed martin are part of a broad array of these development we saw overnight. president trump hit back at china, stripping hong kong of its preferential status with the signing a bill over beijing's hong kong security crackdown. >> no one has been tougher on china in this administration. we imposed tariffs and stood up to china's intellectual property theft at a level no one has ever come close. we confronted untrustworthy chinese technology and telecom providers. us with someg reaction news, our guest. president trump said this effectively means hong kong is treated exactly the same as mainland china. we know this isn't technically true because that would have nuclear implications for the hong kong dollar, for example. what does it actually mean? richard: we don't really know yet. first of all, the message in this announcement is in the clip you played, which is "no administration has been tougher on c

weapons manufacturer lockheed martin over its latest on sale to taiwan a spokesman for the chinese foreign ministry made the announcement on tuesday but did note give more details on what measures will be taken lockheed martin is the main contractor for a $620000000.00 upgrade for taiwan's surface to air missiles china opposes all autumn sales to taiwan and accuses the us of meddling in its internal affairs in other soldiers from other by john and 2 from armenia have been killed during fighting on the border tension between the former soviet republics has been simmering for several years the disagreement over the disputed territory of nagorno-karabakh which is in azerbaijan but is controlled by ethnic armenians for us by john the officers were killed on sunday robin 1st year walker is joining us live from tbilisi in georgia and robin why have things got to this stage after they've been simmering as we mentioned for so long. yes there had been a period of time. revolution in which a more democratic government came to power under nichol pressure and there had been hopes for the potential for

. >> our first viewer asking lockheed martin, how much will the upcoming election affect the stock'susly depending on how we think this election is going to turn out, is it good for defense stocks or not. that 50% retracement is a little bit trouble. i might look to sell some covered calls. otherwise i might exit my position and look for a better entry point. >> is that retracement troubling to you, carter >> it's especially poor. the group is poor. i do not like this area of the market. >> our next viewer asks what is the best tragic for amd at these levels >> i really like amd especially compared to intel. it has recent outperformance it did have a pretty big move this week. it pulled back about 2.5% today and i like that pullback as a potential entry for long the strategy i like is going out to august and selling a put spread here, maybe the 55.50 put spread that type of possibility or edge that i'm looking for in options is the type of trade i would do. >> our next viewer has a question on facebook he's holding facebook's september 270 calls. sold one at $8 to cover costs. should

earning season ed this morning we're standing by for dow components coca-cola quarterly results get lockheedris snap and united airlines orr big namings reporting quarterly earnings any take away from your standpoint from second quarter earning season so or pa? >> no real surprises, i mean, the drop in earnings maybe a few months ago would have been surprisingly bad. but certainly shocking bad they're not surprisingly bad they're down 40% on a year over year basis on second quarter that's pretty bad clearly and then we're going see year over year decline in the third and fourth quarter but less so. market is looking beyond that to a recovery pattern. we are, in fact, seeing analyst starting to become less pessimistic about the outlook for earnings this year and next year. and i think a lot of that has to do with perception that economy is opening up. that despite some of the outbreaks we've seen, and perception that we're going get more stimulus and low and behold maybe get a vaccine as you reported. >> yeah. which would be great. ibm is up this morning on earn bug tech overall where money h

china promising to sanction lockheed martin.dent moves because of treatment of the hong kong protesters at the hands of china, to sanction them. china is threatening sanctions in return. where is all of this going? happy to have ric grenell here, former u.s. ambassador to germany. former acting director of national intelligence. ambassador, always good to have you. where are we going with china? wondering whether they will make good buying goods from us but top military types are saying this could dissolve into far, far scarier, what do you think? >> i think the warnings are real. people who are concerned should continue to be concerned, we have a difficult relationship with the chinese right now. it is communist china. they have a secrecy policy. they have policies that, if you do business in china all of your information can be grabbed and will be grabbed by the communist party. so with that said, i think we have to be very thankful we have president trump. i will tell you why, neil. the trump doctrine has really developed int

weapons manufacturer lockheed martin over its latest on sale to taiwan a spokesman for the chinese foreign ministry made the announcement on tuesday but did not give more details on what measures will be taken lockheed martin is the main contractor for the $620000000.00 upgrade taiwan's surface to air missiles china poses all to taiwan and accuses the u.s. of meddling and its own tunnel in fares. 11 soldiers from azerbaijan and 2 from armenia have been killed as fighting escalates at the border tension between the former soviet republics has been rising for several years although burton money has more using artillery mortars and tanks armenia and azerbaijan have been locked in a renewed border conflict with today's the battle is happening to the north of the disputed territory of nocona karabakh which lies in azerbaijan but administered by ethnic kamini and both sides blame each other for the by the us and has been casualties on both sides. helical yesterday afternoon the armenian military staged a showing of azerbaijani positions on the border this is yet another provocation from the arme

and lockheed martin she is one of 100 candidates that has been selected by mars one a private company that wants to colonize the red planet the catch there's no return flight home what do you say to people when they say jamie this is a suicide mission why are you doing it call it as i said mission but it's something that i chose i'm creating my own destiny for myself and and if it's a destiny that would help humanity. i'm all for it. according to mars $11.00 of the main goals of the project is to establish an interplanetary species to preserve the human race. i want to contribute directly to mankind's call for the expansion of the solar system which we have to look for point to stronger than the one she made it to the top 100 the 3rd round of a selection process mars one says started with 200000 online applicants ultimately $24.00 crew members will be chose it. do you think that anybody with enough training could be. common astronaut i believe that if you have. the motivation and it's temptation have of wanting to do it you can a mission to mars is obviously no simple matter pasadena

was lockheed martin yeah they're the customer they're actually the ones who signed up to do it they're sponsoring it really on behalf of the government of south korea so this address is to satellite was manufactured in france by by air bus defense and space as part of the offset obligation related to a $7000000000.00 sale of u.s. f. $35.00 fighter jets so it was south korea's turn this time to get into space x. and have its own launch for its own satellite and there was successfully launched the big story that everybody seems to be talking about today is this interview that the president did yesterday with fox news it was an exclusive interview with chris wallace 'd chris wallace part me on a fox news sunday. the whole thing went bad from the start and part of the reason was the weather it was 106 degrees yesterday in washington d.c. and they did it in the rose garden and both men were pretty bad let's start as i bring in my colleague larry king by showing you just a taste of the dissension between these 2 men yesterday in this interview that sparked up the media world today here it is

government that goes for companies like boeing lockheed honeywell but also 80. and in verizon this is a highly regulated sector and so you know you can you can have you can have a philosophical discussion about you know who's companies are close to their governments really. want to bring mark in what do you make of this is this the u.k. decision something of a point where the tide is turning do you expect others to follow other countries to while away from the 5 g. networks. right so i do think that you know there's a few points that need to be made here i think when we talk about security risk we need to be very clear about cybersecurity risk or supply chain risk and in you know in my opinion the decision in the u.k. was words we driven by the concerns that law way would not be able to fulfill its contractual requirements because it couldn't get components from the u.s. and taiwan except for a that's very different from an espionage cyber security kind of problem so i want to be very clear about that so i think that you know with that in mind i think that we. t

putting opioids on them then of course there's weapons makers like raytheon general dynamics bowing lockheed martin but they don't care because killing people is their business than that's all well and good so when you add it all up murdering 84 people p.g. and they. yanked their the good guys and 84 people is nothing that's on coffee break for purdue pharma that's one puff of an afternoon cigarette for a month fanfare or raytheon could have been a good day i'm just i'm just put on here. could it be that the that the most powerful and to tease on the planet the largest corporations controlling trillions of dollars could it betting that there are psychopaths. that there are psychopaths and we like to advertise on all of our t.v. channels 7 putting brain parasites enough that then later are our vomited out of our ideal all hey god should i try oxy because i'm reading. raphael i've helped our country scene of a shipment of. notice layovers to go water to those troops did was wrong. we left him put it on t.v. then there's the radio in the computer screen it's like having 62nd spots every half ho

lockheed martin has agreed to compensate the pentagon for parts that were not ready.ipment was considered inadequate, not because of safety, but because they didn't come with a required history and electronic data. the pentagon says 80% of the parts delivered in september 2018 were not ready to install on the planes. selling data device management unit treasure data with the help of goldman sachs. earlier this month, softbank said it will separate treasure from its chipmaker because investment requirements are limiting ability to grow. a $1 billion sale would be 66% more than was paid for treasure data back in 2017. amazon's seemingly unstoppable rise has helped jeff bezos to a record move on the bloomberg billionaires index. shares surged almost 8%, adding $13 billion to his personal fortune, the largest ingle they rise in's the index was launched in 2012. his wealth swelled $74 billion this year, he is now personally worth more than exxon mobil, nike, or mcdonald's. right, we've got the eu president talking in brussels at the moment just to mention to talk about thi

weapons company lockheed martin for doing business with taiwan and that contract they've signed with taiwan to sell $600000000.00 worth of surface to air missile so china definitely not happy with the u.s. on this especially as they have been quite active in the south china sea over the past few months and they say that this is in response the u.s. increasingly conducting freedom of navigation operations in that territory and katrina do stay with me because i want to ask you about another source of tension that we're seeing for beijing at the moment now china is accusing democracy activists in hong kong of trying to launch a revolution it's described campaigning for recent primaries there as a serious provocation which may have breached a tough new security law but it's imposed on the territory more than 600000 people turned out over the weekend to choose candidates for september's legislative elections in hong kong now katrina. by this count i mean this is a suggestion that over half a 1000000 people could have broken this new law what could happen to them. well chinese authorities

about the authorization of 79 new f. 35 that's not my god like oh man we got 79 yes 79 f. 35 is lockheed martin joint strike fighters they were approved in the bill along with yet again another nuclear powered virginia classpath attack submarine because hey you know when facing a pandemic and massive amounts of people getting forced out of their apartments due to you know due to the rent coming back to again and all these other problems after 39 f. 35 is a good thing to have on the back pocket i gess of the military industrial complex is never ending it seems like our pockets continually dig deeper for a lot of things that we honestly do not know we do not and then just to give people an idea to. of where our priorities are according to the advancement of science the pentagon last year spent $55900000000.00 on research and development this is generally things that are designed to kill lots of people in mass when you look at that figure and look at the research and development that was spent in other branches of government health care 38000000000 compared to 55 energy just 4000000000 in t