it could be a huge win for lockheed martin. largest private defense contractor, congress considering reinstating the $67 billion raptor, one of the most expensive jets in the military. vonnie: then it is in the heart of silicon valley, is stanford --versity too cozy with the with silicon valley? betty: looking at the tech heavy nasdaq, gaining just a touch. ♪ ♪ this is "bloomberg markets." vonnie: time for look at some of the biggest is this stories in the news right now. betty: the nation's capital approving a $15 minimum wage. pushing the city's minimum wage to $15 per hour by 2020. the democratic mayor has pledged to sign the measure. vonnie: glencore is one of the final bidders in assets according to people familiar with the matter. the deal makes -- may fetch $1.5 million. the deal could happen as soon as the close. betty: mortgage prices may slow down soon. prices rose almost 9% in the last year to an average of $310,000. that is your bloomberg business flash of eight. moving to the skies from the terrestrial and the cele

a strong dollar may make products like the lockheed martin f 35 less affordable. the britts want to buy 138 of the next generation fighter jettings r, but have s ord 14. there were also hopes the uk in orders for pa siden and apache helicopters, but orders may be subdued. shares of bea systems in particular have taken a beating as joint ventures with european companies may get a second look. the expected ighter jet c pause in british defense spending. some comparing the brexit to the sequess planned to boost its defense budget through 20-20, but ihs james predicts spending will stagnate or fall. foreign investment may slow and british exports could take a hit. still -- >> britain is ready to confront what the future holds for us from a position of strength. as a result of our long-term plan, we have today one of the strongest major advanced pri minister david cameron said none of that happens immediately. for now, trade will continue as if the uk was still in the eu. stay tuned >> silicon valley is taking note, especially some of the companies that are most widely

chili's southern most city from antarctica, the workers were identified as seasonal workers from lockheed martin, the contractor at the station and the flights are dangerous in the antarctic winter because of 70 below temperatures that can freeze a plane's fuel. >>> costco and citibank are deluged about the switch to visa about their credit card suppliers, members that had their american express card were to receive their visa card by monday but it did not happen and their american express cards were canceled. citibank has not mailed them all out yet. we'll be right back. if you have medicare parts a and b and want more coverage, guess what? you could apply for a medicare supplement insurance plan whenever you want. no enrollment window. no waiting to apply. that means now may be a great time to shop for an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. medicare doesn't cover everything. and like all standardized medicare supplement insurance plans, these help cover some of what medicare doesn't pay. so don't wait. call now to request your free decision g

we understand they're seasonal employees of lockheed martin, which is the prime contractor for operations and research support at the south pole station. >>> the sun is up, but clouds are moving in. even at the shore. that's cape may, new jersey. mostly high clouds right now. completely dry on beach avenue. a nice start. good view from the lafayette hotel. storms are on the way. clouds are already thicker over philadelphia. that's the view from camden, ne jersey, looking across the bow of the battleship new jersey. completely dry in our area right now. just for now. showers and thunderstorms are brewing. they're moving through areas of southwestern pennsylvania and central pennsylvania into west virginia and virginia. the shower threat today will continue into tonight. in fact, strong late-evening thunderstorms are possible, even into early tomorrow morning. during the day today, neighborhoods will warm only to 80 degrees this afternoon. temperatures really held back, thanks to the clouds coming in and the chance of some showers and thunderstorms. philadelphia, the suburbs of the lehigh

that sent shares of defense companies higher, including lockheed martin, northrop grumman, and boeing. john harwood is following the story from washington. what's in the defense bill that the senate passed today? >> reporter: most importantly is that $602 billion that you mentioned. but there are also policy provisions that are controversial in some quarters. one would require women to register for the draft if we return to a draft, limiting the long prohibition or limitation on the draft to only men. it would prohibit president obama from closing guantanamo. it would reorganize some aspects bureaucratically at pentagon. it would limit the size of the national security council staff. >> those are some of the reasons the president has threatened to veto the bill. what happens now? >> what happens now is the house has passed a different version of the bill and the real negotiating is going to start on just what the final shape of this is going to be. we'll have to see how hard the white house hangs out with that veto threat and what is their bottom line? is it about guantanamo? is it ot

you make a choice whether you will invest in ge or lockheed martin.t the end of the day, we are picking long-term bets, thinking about risks. it's a large risk to think about a company that is not investing in r&d and creating products. now may be aleant better choice? tessie: they have quite a few things to sort out. the credibility is gone. pearson is gone. they have to rebuild a company worth investing in. right now, it is working through a lot of issues. we do reward companies for making changes over time. for valeant, not enough time has passed. gilead is a good story. because of its focus on hiv medicines. the more mainline pharma companies -- merck is the world's largest maker of vaccines. it is a business that absolutely make sense. why wouldn't you want to invest in a company that is preventing instead of solving problems? let's head to the markets desk. shery ahn has a check on company movers. shery: with treasury yields falling, it's not surprising that we are seeing banks taking a hit. the 10 year note falling to the lowest since january.

lockheed martin went on a public relations push recently. decision not to buy the f-35 would jeopardize hundreds of millions of dollars of contracts to that filter to canadian firms. the ruling liberal party government is look at the acquisition of 20 to 30 super hornets from boeing as an interim measure to deal with what it says is a gap in canada's fighter aircraft capability. now an interview with general mark welsh, outgoing airforce chief of staff who set down with defense news associated ed for. first question. how effective has the global air campaign against isis then? >> you can debate the strategy but the air campaign has been conducted phenomenally well. it's in line with the objective and the lines of effort. the performance of the airmen, coalition, the precision of the works that been done, the volume, all that's been done according to plan and exceptionally well. >> one of the criticisms we've heard is there is maybe too much restriction on the power. that is something you agree with? >> i think it completely depends on what y

lockheed martin is one of $3 million order to fighter jets from denmark. agree to buy 27f35. the planes are replace old f16's. the planes have been flying since the 1980's. big energy project will cost german utilities more than twice as much as expected. they are estimated they'll spend more than $11 billion to link wind turbine in the north with the biggest industrials in the south. the main power cable needs to be buried underground. silicon valley, don't waste your time trying to buy spotify. the chief executive of the swedish music streaming company says he'll never sell out to needs to be a big u.s. tech company. european companies do sell themselves a holding back the region technology sector. that is the latest bloomberg business news. it's bocc. battle of the charge. as we approachth flows. >> it's time now for global battle of the charts. we took a look at some of the telling charts of today. had two people invited to come tell us about them. what they mean for investors. you can access these charts on screen. we have dani burger and mark barton. >> we are looking a

all we know they're season employees of lockheed martin.entist have had a saying there since 1956 staffed by 50 people who do environmental research and while there is a medical team they can only provide a certain level of care, and you can imagine workeres have gotten sick before but only the fourth time to do an emergency evacuation since 1999. >> movie in the making. we'll be right back for a landmark moment for the car that changed the automobile forever. it happened on this day in history. jen stops working, but her aleve doesn't. hey mom! because aleve can last 4 hours longer than tylenol 8 hour. what will you do with your aleve hours? real is touching a ray. amazing is moving like one. real is making new friends. amazing is getting this close. real is an animal rescue. amazing is over twenty-seven thousand of them. there is only one place where real and amazing live. seaworld. real. amazing family road trip! fun! check engine. not fun! but, you've got hum. that's like driving with this guy. all you do is press this, and in plain eng

. >> would you rather -- boeing or lockheed martin? >> easy. on our show for the past year, lockheed martin. tremendous backlog. the stock continues to make all-time highs. with boeing you have commercial air risk. would i rather? lft will get you done. >> last one. >> simon, do you have something to say? >> would you rather? t or gld. >> both. >> the answer -- if i had to pick one, tlt, why? ten-year rates are going to 1.25. you heard it here. >> you've been hearing it here. >> i was worried that tyler and michelle and twul auchlt it's been great. thanks so much. >> thanks for the gummy bear. >> thanks for watching "power lunch." "closing bell" started right now. . . >>> hi, everybody. welcome to the "closing bell." i'm kelly evans with the new york stock exchange. >> and that makes me bill griffeth. stocks well off their lous. the dow down 148 after that really surprising jobs report showing growth of only 38,000 jobs for the month of may. the smallest gain we've seen since 2010. on monday, wouldn't you know, fed chair janet yellen gives a mo

now the bad news, a strong dollar may make products like the lockheed martin f-35 even less affordableion's most expensive weapons program plans to make its debut in england. the britts want to buy 138 of the next generation fighter jets but have so far only ordered 14. there were hopes that the uk might put in orders for the poi side den and a patch chee helicopter. then there's the impact on uk defense companies. shares of bae defense systems have taken a beating as joint ventures may get a second look, especially a fighter jet called the typhoon. and then there's the expected pause in british defense spending, some comparing the brexit to the sequester. the uk government had planned to boost its defense budget through 2020 but khs jaynes predicts spending will stay or fall. foreign investment may slow and british exports could take a hit. still -- >> brittain is ready to confront what the future holds for us from a position of strength. as a result of a long-term plan we have to make one of the strongest most major advanced countries in the world. >> reporter: british prime minister

stuart: lockheed martin, talking about defense stocks, lockheed martin is up 3% as we speak, they benefit from the sharply lower british pound. they are a defense contractor and they are up 3% as we speak. shaw gilani, you may be putting your toe in the water with bargain-hunting or follow the advice never try to catch the falling number. >> i try to catch a falling knife now and then. what i was watching at midnight when s&p futures were down and dow futures were down 700 points, it will be devastated this morning, come back rather nicely. at some point if this continues there are bargains to be had the too much uncertainty to dip my toes in the water. i'm happy with my portfolio which is balanced and quite a bit short in terms of european banks. stuart: one of the people you were watching last night who is sitting next to be now is peter turner, former partner in goldman sachs and it was peter who last night, you said the market drops like a stone at "the opening bell" and then incomes some bargain hunters. do you think there is room for bargain-hunting? >> i love a market like this bec

i think that's perfect and we'll give you lockheed martin, defense contractor that won't quit even thoughng it. ernie, tomorrow. making these moves tomorrow. because this is not diversified at all and so therefore i feel like it's incumbent upon me to make the case. ammet in ohio. what's up, man. >> caller: how are you? >> i'm pretty good. how about you. >> caller: yeah, i'm good. i have question regarding this diversity and you want my list one by one? >> yes. go ahead. >> caller: super value, svu. >> okay, good. >> caller: gthen next is huntington banks. >> okay. >> caller: next is d.a.n. holding. then sabil circuit. jabl and jetblue. jblu. >> want me to go to work on this one. okay, so, all right, a contract manufacturer, not doing well and dana is a car parts not doing that well, we'll let it go jetblue. supervalu not doing that well. we can't let all these go. too many that aren't doing well and huntington bank is a pretty good blank. jabl, jetblue coming out and southwest in and dana out and don't want any exposure so put bristol-myers in there, supervalu out and put in whole foods.

those details being kept quiet out of privacy for the two patients, both contractors with lockheed martint about this rescue plane, a twin prop based in calgary canada, about 3,000 miles from the north pole. that means it's nearly covered the entire length of the planet in a little over a week. kelly cobiella, nbc news, london. >> thanks, kelly. happening now, the city of baltimore is preparing for a major verdict related to freddie gray's death. one of the police officers charged in the case could learn his fate today. that officer ceasar goodson jr. just arrived in court moments ago. you're seeing video of that shot moments ago. gray died from injuries he suffered in the back of a police transport van, his death sparked days of riots last year. ron, what can you tell us? what are you learning about what could happen today? >> reporter: good morning, we're expecting the verdict to be read at the top of the hour, 10:00 eastern. this is by far the most important, most serious of the six cases against these baltimore police officers. officer goodson drove the van in which freddie gray suffe

investment, i have done the duration of the 30-year apple and the at&t, and inbev and intel, and lockheed martinnd we have barbelled that with structure trade of dell, and the banks. >> you are seeing a big opportunity in the fixed income? >> absolutely. you have to go one way or another, and if it does, it creates opportunity, and if the not, you are going to create opportunity. >> and what is the embed return on that as you are looking at that. >> the curve is flattened with the long-term assets are very well sh well, and going from the 10-year to the 30-year. >> and apple buying 25 bips or 50 bips? >> in the 2% return change with apple. >> low return and low investment value. >> and going into the safe names if you want to go into the safe names, it is going into gaminging, and boyd gaming and station casino, and the housing which we think is attractive and toll bro towle brothers and go in to marathon oil or concho, and barbell that in the 5 to 10% ran range. >> and do youle feel that somebody where the kind of money that you are over seeing with the investments that you are making that you

identify the workers or give conditions citing privacy, but described as seasonal employees of lockheed martinope the job pays well and there's good insurance. working in extreme conditions, very tough. >> they are doing for thatantarctica, saving it, whatever it is. it's a good thing. flying in there with those weather conditions in the dead of night, those pilots are amazing. >> and you

i want to thank our sponsors for the event, that is lockheed martin international. thank you to both of them for making this seriar sear -- sear yeez possible. >> it's always mindful of the threats that face us on a day-to-day basis. those are the threats we always look at in the coast guard and the maritime domain as well. what i'd like to open up first, when i came into this job just over two years ago on day one, we put out my commandant's direction. usually there's a tendency of wait six months, study, see what's going on, then i'll provide my direction. you don't have six months to waste. so the first day one is we put out my commandant's detection. the fist piece of that was about service to nation. first of all, strategy needs to drive our budget. for nearly 225 years, we've always looked at, here's our budget, now what do we do with it. really not looking at what our unique authorities are and where do we plug and play on a global scale. not just here in the homeland, by worldwide as well. also intelligence driving operations. we've been a member of the nati

i want to also thank our sponsors for this event and for the whole series, and that is lockheed martin international and huntington engles industry. thank you to both of them for making this possible. over to you, admiral. >> thank you. and good to see so many familiar faces here. and first of all, a somber week. let's face it. you know, 49 is the last count, and i know there are families mourning and it's always mindful of, you know, the threats that face us on a day-to-day basis. and those are the threats we always look at in the coast guard and maritime domain as well. but what i would like to open up with here first is when i came into this job just about two years ago, on day one, we put out my commandant's direction. and usually there's a tendency of let me wait six months and i'll study, see what's going on, and then i'll provide my direction. but i realized i only have four years. and so you don't have six months to waste. so the first day one is we put up my commandant's direction, and the first piece of that was about service to nation. and then we broke that down, first of a

lockheed martin, johnson & johnson also hitting new highs. >>> americans want self-driving cars, butdon't want to buy them from automakers. well, who are you going to buy them from if you don't buy them from a company that makes cars? we'll explain next. before the break, though, let's check on the markets. the dow is near the highs of the session, higher by 183 points. nasdaq up 41 and the s&p higher by 20. don't move. ♪ ♪ it's here, but it's going by fast. the opportunity of the year is back: the mercedes-benz summer event. get to your dealer today for incredible once-a-season offers, and start firing up those grilles. lease the e350 for $499 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. here at the td ameritrade they work all the time. sup jj, working hard? working 24/7 on mobile trader, rated #1 trading app on the app store. it lets you trade stocks, options, futures... even advanced orders. and it offers more charts than a lot of other competitors do on desktop. you work so late. i guess you don't see your family very much? i see them all the ti

lockheed martin is up by half a percent. raytheon is seeing a slight bump.he intraday is what you need to focus on and enin terms of northrop grumman that's higher by a third of a percent. >> let's bring in clark irvin, former inspector general and department of homeland security under president george w. bush. good to have you here. >> thank you very much. >> i don't know if you heard the president speak earlier and certainly heard john harwood. the president used his speech to fight back to fight back on the notion that he doesn't take the threat against america seriously enough. >> he absolutely does and i think the president was very, very clear on that. he pointed out that it would come as a surprise to the terrorists who have been taken off the battlefield by the united states thaurg the bush administration and the obama administration that the president and the administration does not take the threat seriously enough and i have to underscore what john said. the president was at his most impassioned on this notion that somehow using the phrase radical

the sick worker is an employee of lockheed martin which provide support to the base but because of theas not been released. a second worker is sick but the decision has not been made whether to fly that patient out. the temperature at the supple station was-75 ° yesterday. flash flooding shutdown a station on washington dc metro. the cleveland park station. at the bottom of the hill, prone to flash flooding. rainwater did not damage the track but shut down an escalator at the station. the water was flowing from the street to the escalator closing the station for two hours. that video coming in as you can see. a recall to tell you about for frozen vegetables. national frozen food voluntarily recalling frozen peas and mixed vegetables due to contamination from listeria. products were packaged by festival harvest, first street, market pantry and sprout between september 2nd to june 2nd. those brands are sold at target and walmart. barney the purple dinosaur has entertained kids for years but a 15-year-old girl from alabama was not amused when she got trapped in a giant barney head. she wa

being revealed out of privacy concerns for these two patients, both of them contractors with lockheed martin do know an awful lot about this twin prop, based in calgary, 3,000 miles from the north pole. guys, that means it's flown nearly the entire length of the planet, nearly pole to pole, in a little over a week. just incredible. guys? >> courageous crew there. kelly, thank you. >>> mr. roker, we have a viewer outside anxiously awaiting your weather cast right there. >> like to leave my audiences riveting. >> he was awake when the show started. i don't know what that says. >> wow! man! whoo-hoo! >> we've all had days like that. >> he's not moving at all. all right. let's see what we've got going on for today. this heat continues. no relief in sight going into the weekend. i mean, it's going to feel like 103 in tulsa, 102 in memphis. raleigh, you're going to feel like 103 degrees when you combine the heat and humidity. rapid city friday, air temperature almost 100. st. louis, 97. charlotte and birmingham both 95 degrees. we move into saturday, more of the same. and sunday, likewise, that he

walmart stock up 15% this year and the gunmaker up 11% this year, charts off until the story, lockheed martinthat chart. here is amazon, there is a stock that has been on a tear. it has an all-time high yesterday at 7:23, that is another all-time high, 724. look who is here, behrens senior editor, what do you make of the stock that goes straight up. don't know what the price-earnings ratio is, astronomical. >> the earnings basis so low, 500 times earnings, small base, that number doesn't matter. what matters is the free cash flow going to look like a few years closer to the end of the decade. might be $20 billion, stock might not be as expensive as people think, it is ambitiously priced but i learned to get out of amazon. i no longer like to be kicked in the behind by amazon stock when i say it is pricey and keeps going up. stuart: like apple when it had its long-term run, you always thought it is too expensive. it went up some more. >> they don't make money in cloud computing, now we are seeing margins and it turns out they are pretty good so they are proving a lot of doubters wrong. stuart:

i really like lockheed martin. they're doing so many things well.here's a rocket contract last week for $331 million, and they have that ace up their sleeve. they have one of the best cyber security consulting businesses out there and they haven't told us how big that is yet. when they do that, i think we'll get another bump in that stock. >> every now and again we have to break away from the british vote. we just did with dr and the same thing with jeff sica, what do you like regardless of the vote? >> it's hard to like anything. exxonmobil, right now we'll continue to have low interest rates i like 3.8, 3.9 dividend. i think it looks good. i think oil prices have essentially stabilized at this point. so he think it's going to be-- i think it's going to be a mover. stuart: sound the trumpets, jeff sica likes something. [buzzer] >> ♪ [trumpets] >> things coming at you from all sides. great open to the market today. look at it go. we're up 155 points. look, if you're just joining us, you want to know what is happening, the bookies in britain say the