you can see lockheed down 2%, rtx down 1.he defense stock price targets on three of them in particular. all three harris, lockheed martin and general dynamics are concerned about the budget and doge and not enough money coming into the sector. stuart: lauren, thank you. the president of honduras is threatening to kick u.s. troops out of the country if trump follows through with the deportation plans. jennifer griffin at the pentagon. jennifer, has trump responded to this yet? reporter: stu, the trump transition team responded with a relatively tame statement "the trump administration looks forward to engaging our latin american partners to insure our southern border is secure and illegal immigrants can be returned to country of origin". nothing more from president trump himself and here are facts about the u.s. military presence in honduras. the military base was a key part of u.s. counter drug efforts in central america since the 1980s. the u.s. has about 1,000 american troops and military civilians based at sotteau kano air

musk seemed to confirm his fears when they began to criticize lockheed martin. top stealth fighter jet in the world. it's revered. in november, musk elaborated on why he doesn't like the f-35 saying quote, the f-35 design was broken at the requirements level because it was required to be too many things to too many people. this made it an expensive and complex jack of all trades. success was never in the set of possible outcomes and man fighter jets are obsolete in the age of drones anyway. will just get pilots killed, end quote. wow. that is a mouthful and that's the indictment right there. pilots. they're too expensive but they're great. now speaking with cnbc's own morgan brennan during a panel discussion a couple of weeks ago, lockheed martin's ceo, he's been on many times. he gave a great response to criticisms. you can't just replace these fighter jets with drones because the enemy has fancy jets of their own. that's a nice kudo. i think he made a good argument for why the u.s. and its allies will still want some. they've found themselves under the microsc

department of government efficiency poses to the f-35 fighter programs and now baked in the price of lockheedtin? do you see that falling under the incoming administration? >> i don't want to own the stock. even at 79 i'd rather own pounds because they are figuring out how to fix this defense procurement problem and the problem is that these companies make too much money and the taxpayer doesn't get the bang for the buck. lockheed martin came down nicely, it will find a level to buy, yields 2.7% and it's within the administration. richard in california. richard. >> caller: hello, mr. cramer. thank you for taking my call. happy new year. >> of course. same to you. what's going on? >> caller: thank you. i am a sports fan and long before overweight routed oregon in the rose bowl. nike has been fumbling the ball. they have a new ceo. i have been -- i have seen multiple cnbc episodes and highlighting nike as a buy or at least a hold. since i purchased nike in last may of 2024, it has been a disappointment. so should i continue to be really patient, which i can do and hold on to it. >>> should i bu

we have the president and ceo of lockheed martin. we have the director of space development agency and the vice chief of space operations for the u.s. 's. it is an honor and privilege to have you here on stage. thank you. -- the vice chief of space operations for the u.s. space force. >> space has changed immeasurably in the last five years. if you look at what the chinese and russians have done in advance and capabilities -- think about that. combine russia, china, and our adversaries like north korea and iraq, over 1000 constellations in space, they are serious about making sure they take over this domain and also fielding very aggressive capabilities in space. many antisatellite capabilities, things that should really put us on notice. we know, too, that the modernization of our military will be based upon what we are able to do in space. look at communications, command, and control. it will go through space. gps will go through space. the challenge -- the challenges are many. the opportunities are many. i argue that we have a gre

one area where it really benefitted us was in our investigation and ultimate challenge of the lockheed arrow jet merger. as you know, how the defense department comes out on a major merger in the defense industrial space really matters. it could be very difficult for an antitrust agency to say this is harmful to competition an d.o.d. says no, it is great so making sure we had that relationship to have that analysis and benefit from that was one of the many ways that the e.o. was constructed. we also filed comments in various regulatory dockets during the f.t.c. experience when usda was thinking about their rules addressing fairness or d. o.t. was thinking of their efforts. so all of that i see as having been quite successful. mr. baer: i have heard over the years from agency and cabinet secretaries and deputies counsel there's nothing like being responded to the white house two or three times a year to report what you have done it achieve the executives staff executive order and that accountability really made it easier for your views to be heard and be invited into the process. sticki

ended up not winning that one, but after i joined we had a steady drum beat of vertical mergers from lockheed arrow jets to where we ultimately prevailed. bill: prevailed in district court and ninth circuit. chair khan: microsoft-activision is still before the ninth circuit. bill: merger guidelines. 2010 guidelines had been around, but you and jonathan decided to take a fresh look. tell us what evolved from that process and to what degree there's been court acceptance and embrace of the merger guidelines. chair khan: this is a process we started quite early. i think we sent out the first rfi, request for information, december of 2021 posing a list of open-ended questions to the public. that informed our drafting around what should this next version look like. i think one of the most significant steps was even figuring out conceptually what should the scaffolding of the document even look like. when you open the 2023 merger guidelines, they look different than the 2010 guidelines, and figuring out what is the right way to put out what are ultimately analytical tools to aid enforcers during the

cummins, lockheed martin, microsoft. what do they have in common?science to work in as positive way for their businesses and the economy at large. so cummins, they're coming off some softness many their core business, but they are improving, and we expect 20 the 25 the to get better. very good, solid company with a good balance sheet. lockheed martin, i cannot imagine that our government is going to be spending less money on defense going forward. things like c-130 airship, for example, very strong. book to bill very strong there. and microsoft investing tremendously many a.i., co-pilot, a as your, all of that makes -- azure, and and all of that makes sense. all of them the very low debt, very profitable assets, all of them very consistent -- charles: no worry about interest rates, the fed, the fundamentals are so good, you don't have the to worry about -- >> let's say you had something go bump in the night, everything goes down, i think these hold up. we think they hold up better. charles: right. kevin, great sufficient. happy new year. >> thank yo

host: the top pentagon contractor donors to think tanks, here's the top five, northrop grumman, lockheed martin, mitsubishi, rtx and airbus at about $1.7 million. what should we know about pentagon contractors? guest: there's a lot to know, great question. i think when it comes to that list you mentioned, it is well worth noting, we talk about companies, these are some of the very top defense contractors, these are companies getting tens of billions of dollars every year in pentagon contracts and taxpayer money. what we see with this think tank funding is they are turning around and taking a little piece of that, giving that money back to think tanks, they are making recommendations that would be a financial benefit. this includes things like recommending specific arms sales . recommending other arms sales from places like israel. we see this over and over again that these think tanks are funded by pentagon contractors are making recommendations that would be financial windfall. you are seeing this -- i would say virtuous, but you are seeing the cycle of taxpayer money going to these ent

uh, because your manufacturing base right now is all to lockheed martin and rape your northrop grumman and the general dynamics. and the rest of them went on advertising people to sell their short shares of i had asked us whether you will that military in industrial intelligence community neccessary speaker is capital intensive. it's not labor intensive. it's all about the bells and whistles of, of the national defense infrastructure at, but you know, you have to look at what's happening domestically about as you can just right now, since about a trillion dollars a year now, so called to fax it to so much it is wasted, so much of the box attached here has been absolutely ripped off paying multiple times for goods that would cost a fraction of what has paid for and on the market. so we, we have a moment here, a contract, which is an event where the american economy is, is struggling, where the american people are having trouble buying large, making intimate, where the economic policies of the past administration. i have not been successful in reviving the economy. where there's always m

when he was going to lockheed. so at some point he went to bed because he was in bed. >> reporter: it was text messages or you couldn't get through to him? >> the text messages stopped. after a while. the text messages stopped probably at about 11:00 p.m. at about 11:00 p.m. the text messages stopped and the last phone call when i talked to him last was about 9:30, 9:40 and he was walking around with his lantern in the house. chase and i were talking to him. we were on facetime and he was in there with his lantern gathering his stuff and putting stuff up. he had just took his medicine and that was it. >> so sad to think about that. >>> look at this. in the palisades fire a ring camera caught the moment a home was overtaken by flames. this is from tuesday night. all those flames suddenly came up and the smoke made it nearly impossible to see after that. the palisades fire is still the largest that's burning in l.a. it is already the most destructive fire the county has ever seen according to cal fire. this helicopte

because your manufacturing base right now is all to lockheed martin raphael and northrop grumman and the general dynamics. and the rest of them went on advertising people to sell their short shares of i had asked us whether you will that the military in industrial intelligence community neccessary speaker is capital intensive. it's not labor intensive. it's all about the bells and whistles of, of the national defense infrastructure at, but you know, you have to look at what's happening domestically about as you can just right now, since about a trillion dollars a year and so called to fax it to so much it is wasted, so much of the box attached theres been absolutely ripped off paying multiple times for goods that would cost a fraction of what was paid for and on the market. so we, we have a moment here economy, which is an event where the american economy is, is struggling, where american people are having trouble buying large making ends meet, where the economic policies of the past administration. i have not been successful in reviving the economy. where there's always money for wa

that it didn't work at lockheed or any number of ticket defense contractors, i did meet a pic when at an particular. pick any. i don't have any special interest in a particular system or any particular company or any particular narrative. i want to know t what works, i want to know what defeat our enemies, what keeps us safe, what deters them, d what keeps r in these up at night. whatever that is, more of it. and i want to invest in it. i know that's the view president trump sso. >> some have commented recently about the need to eliminate immediately a manned aircraft pics i was a maybe one day, that they is not now and certainly not prior to 24/7 especially in indo-pacific so if confirmed we commit to work with my office and this committee to ensure the proper mix of fighters, manned and unmanned? >> i look forward to working with you on that because unmanned will be a very important part of the way future wars are fought. just the idea survivability for human being tries cost and time in ways i minces and do not. i look forward to that conversation. >> thank you, senator budd. i now

you can see them listed mostly in the defense space, boeing, lockheed martin, raytheon, a few others. to these companies effective immediately of all companies that have dual civilian and military uses. all these developments underscoring rising tensions between the u.s. and china. all of that taking place before any tariffs have yet to take effect. guys? >> we appreciate it. thanks, megan. in washington. >> let's get the latest on terror attacks. they are terror attacks. nbc news jay gray joining us now. j? hey, brian, kelly, yeah the fbi saying this morning that they are 100% inspired by isis. that these were in fact terror attacks carried out by suspect. a lot unfolding in this investigation, the latest is the reopening of bourbon street. pedestrians after that terror attack that killed 14, wounded at least 35. the driver of the truck and gunmen at one point also died in a shootout with police. let's tell you what we've learned from investigators as they have updated the information they are providing for us. the suspect in this case, 42 years old, army veteran. apparently posted v

china has slapped 28 contractors on the export control list including boeing and lockheed martin.ans the trade of the dual-use goods will be banned and they have to apply for permission to ship the items. ten contractors have been placed on unreliable list over the u.s. arm sales to taiwan which china doesn't like. that means these companies will be banned from trade making new investment in china and executives will also be blocked from entering the country. the big question, of course, now is how much of an impact does this have on the defense business and whether it will affect commercial side now. in a separate move, china is now talking about expanding export restrictions on the use of batteries and critical use minerals. some expect this to help china on lithium, but also impact the expansion plans of the companies. aussie lithium miners fell in trade today and this could throw a span in the works. in singapore, sam vadas, cnbc business news. >>> to focus attention on the spanish economy, the december unemployment in spain is .98%. it leave 2.6 million people out of work. th

the trump administration adding more american companies to its control list and boeing defense and lockheed market. the president-elect saying he may have tariffs up to 60 percent from china. it got china to sit down and write a trade deal in his first adelphia ministration. >> bill: donald trump junior posted this on x from greenland a moment ago. here is the video. >> looks like the runway santa claus would land at. >> i thought there was more. i thought there was more audio than that. the caption read greenland coming in hot. really cold actually. president-elect trump posting on truth social a moment ago saying the reception in greenland has been great. this is a deal that must happen. maga, make greenland great again. greenland's leaders have repeatedly said it is not for sale. they have a prime minister. he said the territory is not for sale and never be for sale. i don't know. >> dana: never know. somebody comes and knocks on your door and says i want to buy your house. we'll see. >> bill: art on the wall. what are you willing to pay? >> dana: come over and ask me and i'll let you kn

as a result, that's why china yesterday took boeing, lockheed and raytheon and said we are not going any parts coming out of china on a dual use basis. and so i don't see a reason for either side to back off immediately. a lot of it depends on president trump. >> before we get on to trading, i want quickly, i don't want to leave this topic without talking taiwan very briefly. what do you expect to happen there, and is it a 2025 issue? is it a 2027 issue, which increasingly i'm hearing that that is where the real confrontation may come. >> if taiwan was invaded by china, tyler, i believe that that would set off a global catastrophe. i don't think that xi jinping is strong enough now with an economy growing between 4 and 5% to essentially shut down the economy to take taiwan. i do think he is determined that china will eventually take taiwan. now, whether it's '27 or '28, i don't know. but it's not 2046, which is the 100th animals of the ccp. i see it probably in the next couple years. >> thank you very much. let's move on to trading this topic and china stocks in particular. tim, your

adding more american companies to its expost port -- export control list including boeing defense and lockheedying he might add 60% tariffs. and those tariffs forced china to sit down and make that phase one trade deal in the first trump administration. back to you. stuart: we remember. thank you very much, indeed. economist e.j. antoni joins me now. trudeau out. how do you see this tariff showdown with canada shaking out, e.j.? >> oh, city -- stu, i see it working out very well for the american people because we're going to have donald trump at the helm. anytime if he was negotiating on our behalf in the first trump administration, i think things worked out well for the american people. what he's about when it comes to international trade is getting the best deal possible for the american people because they are the ones he represents. look, it's not that he's out, you know, to hose the rest of the world here. it's not that he's out to do economic damage to places like canada, he's just trying the get the best deal possible he can for the american people, again, because that's who he represen

imagine having anything else other than to continue increase in defense spending and lockheed is a primarymicrosoft, they just announced they'll be spending $80 billion on building out ai. they're very real formidable competitor with co-buy lot and all have increasing dividends and last five years and increased dividends and solid companies and going to get poised higher than in 2025. >> tremendous skewing in the averages and companies that are $3 trillion in&more out there and while they have huge profit potential on the other hand there's a lot of opportunities in companies that have been basically overlooked. liz: kevin, great to have you once again. here comes the closing bell everybody. on the first friday of january. all 11 sectors on this continuing in the green. larry: hello, folks, welcome t

it was manufactured by the lockheed aircraft company.'s location was named after earhart back in 1989. it's located on amelia earhart drive. well, still to come this morning watching out for scams. some companies and scammers are using this natural disaster happening in la to take advantage of people by price gouging. then animals in the fire zone may need forever. homes. bay area shelter is now you can access your fico® score in a snap. (daughter) what i would give to be able to make art on this scale! (dad) you will one day. but it's equally important for you to be thinking about your future... building credit— (daughter) dad... fargo, what's my fico® score? (dad) wow... it's a work of art. (vo) do you fargo? (daughter) that was corny, but i'll take it. (vo) you can. visit wellsfargo.com/getfargo. pete g. writes, "my tween wants a new phone. how do i not break the bank?" we got you, pete. xfinity mobile was designed to save you money and gives you access to wifi speeds up to a gig. so you get high speeds for low prices. better than get

it was manufactured by the lockheed aircraft company.nd aviation museum's location was named after earhart in 1989. it's located on amelia earhart drive. still to come this morning, the man investigating the soon to be president leaves his position. what it means for the report against president elect trump. and we'll take you back to southern california, where crews are battling tough terrain and windy conditions this morning as pete g. writes, "my tween wants a new phone. how do i not break the bank?" we got you, pete. xfinity mobile was designed to save you money and gives you access to wifi speeds up to a gig. so you get high speeds for low prices. better than getting low speeds for high prices. right, bruce? -jealous? yeah, look at that. -honestly. someone get a helmet on this guy. xfinity internet customers, ask how to get an unlimited line free for a year, plus a free 5g phone. right now at 530. stepping up the local company. assisting in making sure the fire ravaged area of southern california gets the help it needs. and we conti

charles: lockheed martin i guess the defense budget, you know, where we are, the world i was going to say the world is on fire, that's not a great analogy today but this is a real shakey geopolitical situation. >> absolutely. yet the stock has come down quite substantially. charles: what do you attribute that to? >> a lot has to do with the level setting of expectations again. they provided an outlook through 2027 that miss investor expectations but i think now, it's at a much more attractive valuation. charles: exxon-mobile, you know, listen. crude oil trading in a pattern, but it's starting to break out a little bit. we had david bahnsen on last week who loves oil, a big trader there and he says he's comfortable with this range as the drives force for oil stocks. i guess you are too? >> absolutely. you know, in the first year, of the trump administration it was not energy wasn't a great place to be. we think it might be a little bit different this year. charles: yeah, well we know it's going to be drill baby drill. before i let you know what's your top concern? >> top concern i thin

he was 82 years old, a retired aerospace engineer who worked at lockheed martin. he lived in the neighborhood for more than 50 years. now, his son spoke to him on tuesday morning, as the two usually did. they were very close, but he said that as the day went on, he was not able to get a hold of him. he said that he was going to stay behind and that he'd be there when they returned. our affiliate in los angeles spoke to his daughter. take a listen. >> this is where we've been our whole life, and my son tried to get him to leave. and my neighbors and myself. and he said, he'll be fine. i'll be here when you guys come back. and he said his house would be here. his house is here. and he was here, too. he was in his bed when i found him. >> so, jessica, just imagine you return to your house and you're actually able to find the remains of your father in his bed. that's what happened to that daughter. and that's what's likely happening to many more people. as authorities are able to get into the area to do these recovery operations. 16 people reported missing, 12 in ian,

. >> well, he worked at lockheed martin for 45 plus years, and he bought this house in 1968. >> and we've been going around the rose bowl every day. >> monday through friday. >> taught me the same thing. >> and we've just been living here in altadena and pasadena my whole life. >> how was he as a father? >> as a grandfather, great person. >> funny. >> the life of the party, love sports and love people. very intelligent man. loved to read. >> how will he be remembered by you and your family? >> laughs. we got to keep reading, keep watching nfl football and that'll help him keep going in our minds. >> joining us now for the third night is the cal fire battalion chief, brant pasqua. he's in pacific palisades. chief, thanks for being with us. you know, as a firefighter, what that woman just said. and that is that for all the devastation and for all the apocalyptic scenes, this is about people and their lives. some lives lost, some lives literally forever changed. at the moment, the job of the firefighters is to put the fires out. but there's a lot more to come. >> that's right. >> i just saw

that are made and that's where i feel, frankly, a little bit liberated is that i didn't work at lockheed or any number of -- pick a defense contractor. i didn't mean to p point one out in particular. pick any. i don't have an interest in any company, system, or narrative. and i want to know what works, and what keeps us safe, what deters that. what keeps our enemies up at night, and i want more of it, and i want to invest in that. and i know president trump, as well. >> and many talked about eliminating manned aircraft, and i would say one day. that day is not now and certainly not before 2027. especially in the indo-pacific. so if confirmed, will you commit to working with my office and this committee to ensure the proper mix of fighters manned and unmanned. >> i look forward to working with you on that senator, because unmanned will be a very important part of the way future warfare is fought. just the idea of survivability for a human beings drives cost and time in ways that unmanned systems do not. i look forward to that conversation, senator. >> thank you. senator, budd. >> and i re

he was 82 years old, a retired aerospace engineer who worked at lockheed martin. he lived in the neighborhood for more than 50 years, and as the fire was approaching, he refused to leave. his family said that he was very attached to the neighborhood and the house where his children and his grandchildren had grown up. his son spoke to him tuesday morning, as he did on most days, he told us. but as the day went on, he wasn't able to reach him. our affiliate in los angeles spoke with his daughter. take a listen. >> this is where we've been our whole life, and my son tried to get him to leave. and my neighbors and myself. and he said, he'll be fine. i'll be here when you guys come back. and he said his house would be here. his house is here. and he was here, too. he was in his bed when i found him. >> she was able to find him in bed. the remains of his body. we're also learning about anthony and justin mitchell. they were a father and son. anthony used a wheelchair and lived with his son, who had cerebral palsy. they were never able to evacuate their house in altadena

and that's where i feel, frankly, a little bit liberated is that i didn't work at lockheed or any number of pick a defense contractor. i didn't mean to point one out in particular. pick any, i haven't i don't have a special interest in any particular system or any particular company or any particular narrative. i want to know what works. i want to know what defeats our enemies, what keeps us safe, what deters them, what keeps our enemies up at night, whatever that is. i want more of it, and i want to invest in it. and i know that's the view that president trump has as well. thank you. >> some have commented recently about the need to eliminate immediately a manned manned aircraft. so i'd say maybe one day. but that day is not now and certainly not before 2027, especially in the indo-pacific. so if confirmed, will you commit to work with my office in this committee to ensure the proper mix of fighters, manned and unmanned? >> i look forward to working with you on that, senator, because unmanned will be a very important part of the way future wars are fought. just just the idea of survivab

lockheed shares are slightly down after deutsche downgraded it to a hold from a buy.ut the long term support for the f35 strike jet fighter program. so those shares, keep those eyes on those defense stocks. for more on that, head over to cnbc.com/pro, subscribers get details from all of those analysts calls. >> did you gain any weight over the holidays? >> i did. i track it specifically like many americans do, over the year and into the new one. i have gained roughly seven pounds in just the last two and a half months. so i've got to get back on the training. >> any resolutions? what do you think we should do? >> i will always say this. it's not so much the carbs. i think i just have to eat better. when i tend to eat, i tend to eat things that i enjoy, and i enjoy them a little bit too much. so this year it's going to be a concerted effort on more fruits and vegetables. i will say it to my kids as well. >> i hate fruits and vegetables. i'm going to ask you or denny. >> i told him. he said he was going to ask him. >> better ask him, because i can't ask her. >> i got a

everybody from palantir to lockheed martin is all trying to get in there and some stay in there. >> yeahe pretty good. you know, andrew, there's a lot of momentum that's coming from both sides for reform. there's a lot of things saying, wait a second. this cost plus framework doesn't make any sense. we're seeing new companies that can literally do things ten times better at a fraction of the cost. we have to have competition, so let them in. the thing that's ten times more expensive might win, because they know to play those rules. you have extraordinary people coming in. we have some of our friends we respect going in who are going to be helping run the dod. we have a lot of bull people at arms services who want to make this more of a fair game, where if you win, you actually get the contract. that's been a movement we've already had in the last four years going in that direction. i think it's only going to accelerate hard going in with this administration. >> i want to talk about it on tv here, on the hb1 visa controversy. because in some ways you could argue i don't know if it split a

the second call from truest on lockheed martin on a buy rating citing its pullback.ng underwhelming demand for its ai chip. nvidia caught between the united states and china. the ceo is set to visit shenzhen as the u.s. slaps new curbs on chip sales and beijing has antitrust allegations. it is quit a selloff -- quite a selloff. chris: they are starting the ramp of the blackwell program and there is more in the second half of the year where we have exited -- expectations. it is a question of supply catching up to demand. lisa: it is great to speak to you because you can parse some of the noise from the signal. are you saying before we get to some of the delays, are you saying that some of the tit-for-tat between the u.s. and china is more noise for nvidia shares than other issues? chris: so today nvidia is selling little to china directly because of the export controls already in place. some of these new things that were discussed would affect what they called sovereign ai, which is the ability of nvidia to ship to third countries and such. there is some concern that

and that's where i feel, frankly, a little bit liberated is that i didn't work at lockheed or any number of pick a defense contractor. i didn't mean to point one out in particular, pick any, i haven't i don't have a special interest in any particular system or any particular company or any particular narrative. i want to know what works. i want to know what defeats our enemies, what keeps us safe, what deters them, what keeps our enemies up at night, whatever that is. i want more of it, and i want to invest in it. and i know that's the view that president trump has as well. >> thank you. you know, some have commented recently about the need to eliminate immediately a manned, manned aircraft. so i'd say maybe one day. but that day is not now and certainly not before 2027, especially in the indo-pacific. so if confirmed, will you commit to work with my office in this committee to ensure the proper mix of fighters, manned and unmanned? >> i look forward to working with you on that, senator, because unmanned will be a very important part of the way future wars are fought. um, just just the i

he was 82 years old, a retired aerospace engineer who worked at lockheed martin.e lived in the neighborhood for more than 50 years and saw his children and his grandchildren grow up inside that house. his family tells us that as the flames were approaching, he refused to leave. on tuesday morning, his son spoke to him as he usually did, but as the day went on, he was unable to get a hold of him. our affiliate in los angeles spoke with his daughter. >> this is where we've been our whole life, and my son tried to get him to leave, and my neighbors and myself, and he said, he'll be fine. i'll be here when you guys come back. and he said his house would be here. his house is here. and he was here, too. he was in his bed when i found him. >> we're also learning the other stories about many of the victims, people who were unable to leave their loved ones behind because they had medical issues, people who were known by their neighbors for their welcoming nature and for the the role that they played in their communities. we should say that officials in los angeles have ma

host: the top pentagon contractor donors to think tanks, here's the top five, northrop grumman, lockheedn, mitsubishi, rtx and airbus at about $1.7 million. what should we know about pentagon contractors? guest: there's a lot to know, great question. i think when it comes to that list you mentioned, it is well worth noting, we talk about companies, these are some of the very top defense contractors, these are companies getting tens of billions of dollars every year in pentagon contracts and taxpayer money. what we see with this think tank funding is they are turning around and taking a little piece of that, giving that money back to think tanks, they are making recommendations that would be a financial benefit. this includes things like recommending specific arms sales . recommending other arms sales from places like israel. we see this over and over again that these think tanks are funded by pentagon contractors are making recommendations that would be financial windfall. you are seeing this -- i would say virtuous, but you are seeing the cycle of taxpayer money going to these entities.

changed in such a way that actually technology companies -- it used to be a bank of america or a lockheedartin or some big company that needed washington -- >> lobbying. >> right. all of these tech companies are now -- >> the lobbying business. >>> over the weekend two federal reserve policymakers said that the central bank's job on taming inflation is not yet done. adriana kugler spoke at a panel at the american association conference in san francisco. she said no one is popping champagne to celebrate the decline in inflation and they want to make sure that the recent bump in inflation didn't prove persistent. she also said she wants to see the unemployment rate stay where it is. speaking at that same panel san francisco fed president mary daly echoed those comments saying she does not want to see further slowing in the labor market. i think steve liesman was there for some of these comments. i think that's who these comments were made to. maybe i'm wrong. >>> microsoft planning to spend $80 billion in fiscal 2025 that ends in june. that's on the construction of ai data centers. if you t

decisions that are made and that is where i feel, friendly, a little bit liberated that i didn't work at lockheedr any number of -- pick a defense contractor, i didn't mean to .1 out specific. i don't have a special interest in any system or company or narrative. i want to know what works, i want to know what defeat our enemies, what keeps us safe, what deters them, what keeps our enemies up at night. whatever that is, i want more of it and they want to invest in it. and i know that is the view president trump has as well. >> some have commented recently about the need to eliminate a man aircraft. i would say maybe one day but that day is not now and certainly not before 2027 especially in the indo pacific. if confirmed would you commit to work with my office and this committee to ensure the proper mix of fighteres, manned and unmanned. >> unmanned will be a very important part of the way future wars are fought. just the idea of survivability for a human being drives cost and time in ways that man systems do not, but i look forward to the conversation. >> chair wicker: thank you, senator budd. i