ea so what the market really cares about is guidance for the second n lf of the year and t and lockheed martin, both lockheed cited exceptional operational and financial only 11% of the s&p is reported so far. but the early signs have been encouraging for "nightly business report" d the dow to hit a record high for the sixth day in a rod they weren't across major indices. the dow jones industrial average added 26 points to 18559. the nasdaq weighed down by netflix lost 19 points as we reported last night, netflix saw subscriber growth slow. the s&p 500 meanwhile lost three. >>> to politics now and was about getting americ john harwood is there reporting for us tonight. well, of course we lifting of c passages from speech. people calling for someone to be fired. we'll hear from paul ryan, the housl hear from mitch mcconnell, shelley moore capito, so all economy tonight. he has not had what you would from him tonight? >> w to make it a little bit clearer if he's going to draw closer to donald trump or hold his ground on poey big reform and sue, on trade glass-steagall in which donald trump has p

he joins us with the ceo of lockheed martin.e you. >> let my bring in the ceo of lockheed martin marillyn hewson. >> we're hoping the rain holds off. >> the f-35 is flying later this afternoon here. a huge milestone for this program and for this jet. >> it is. we're very excited about the f-35. we're going to have a debut here at farnborough. in fact, the f-35b. it's going to have a vertical landing. the public will have a great show, have a chance to see the capabilities. >> reporter: this is a long time coming. but you know the critics are saying the cost of this program, it's prohibitive. they question whether the u.s. government as well as others buying this airplane, if it's a wise purchase given the cost overruns. what do you say to that? >> i'd say we're excited where the program is. we have 180 aircraft flying today. we're bringing that cost down dramatically from the very first aircraft, which on a development program is going to cost more obviously. with that many aircraft delivered, we're down 57% from the first aircr

. >> i own stock in lockheed martin and just got a letter asking if i want to invest in leidos holdings. >> no. you just want to stay with the lockheed. stay along with lockheed martin. i happen to like the leidos. it is not a problem. but i want you to have as much lockheed martin as possible. peter in florida. peter. >> hello, mr. cramer. how are you doing? >> good. how about you? >> good. i have a question for you about qualcomm. i know last year they had their problems with the chinese government, had to pay a billion dollar fine and reinstructed their processes. but i own quite a bit of qualcomm stock and the last couple of months it looks like they are on the upswing. >> i think your analysis is spot on. that was a very good quarter. i have been negative and that quarter turned me into a believer. a lot of irons on the fire. all right. they say when a door closes a window opens. start looking at the deal not as the end of yahoo but as the beginning of a new digital force led by verizon. the company whose brand -- what can the ceo kimberly clark tell us about the economy and the he

stocks for this, lockheed martin made the spacecraft.oday on this news. huge success. a lot of fun. lockheed martin hitting lifetime high. down five cents. time to liz claman. other to you. liz: no circling. we have touchdown. president obama and hillary clinton have touched down in charlotte. you're looking at live pictures of convention center. capacity crowd in the arena as the president is on deck to make the first campaign appearance for the presumptive nominee. touching down in charlotte, north carolina, half an hour ago, on the same day the fbi director made a dramatic and detailed statement about his agency's investigation of hillary clinton's private server and emails. james comey declaring today, no charges. america's top law enforcement agency announced he could not

what does that mean maybe for xo planets in solar systems that are beyond our own cory: lockheed martin'seau project manager. double-click the curtain with a special conversation on investing in china. it is called series a and that is next. check us out on the radio. you can hear a whole lot more on the radio in boston, new york, d.c., san francisco and anywhere with the bloomberg radio app, bloomberg.com, sirius xm satellite station number 119. this is bloomberg. ♪ cory: welcome back to the "best of bloomberg west." i'm cory johnson in for emily chang. we kicked off the new segment called series a, themes of tech investing. we launched a conversation about china. they've amassed the world's largest arsenal of venture funds ready to be deployed in a market that is complex, fast-moving and elusive to international investors. david chow and hans tung joined us. tell me what we're seeing today in terms of the festival -- investable product? >> first of all, they are two worlds when it comes to vote -- public companies in china. that they go public on the u.s. exchanges, like the new york st

for a company like lockheed martin. lockheed martin said this, they're not going to do business with the iranians. god bless lockheed martin. they could be selling helicopters. they could be doing all kinds of things. but they've recognized, mr. chairman, that they ought not to be complicit in this adventure. the also interesting to me to say, the gentleman, my friend from new york, a couple of minutes ago was echoing a criticism from the u.s. chamber. u.s. chamber said this, congress should avoid intervening in commercial contract agreements in instances such as these where national security matters are not involved. ok. wrong on two counts. numb one, it's an-- number one, it's an assertion that this is a commercial deal. i'm asserting it's military. that's true by definition. it's true by boeing's own admission. secondary, when do we defer to the chamber of commerce for military and national security advice? this is a good amendment. it's targeted. it's thoughtful. i urge its passage. i reserve whatever little time i

. >> let's talk about lockheed martin. >> let's talk about lockheed martin. >> this is the story of the f35 and how you have to arm yourself if y you're a country and you write a check to lockheed martin. that's what you do. hey, listen, is the world -- there's coups, there's fights, wars. what are you going to fight with? lockheed martin. >> yeah, you want to make sure to bridge a gng a gun to a gun not a knife. >> so true. >> yes, thank you. >>> twitter continuing to try to march back to 20, announcing an expansion with the nba in which they're going to launch an exclusive pregame show on twitter, via periscope. >> right. they do a lot of exclusives. >> twitter. >> i did a piece last night about square. >> don't you wish somebody would just buy twitter already? >> why so we don't have to talk about it? >> yes. >> i don't think people do things because they don't want favor talking to us. i did a piece for "mad money," and this is one where jack dorsey has to choose. >> can't run two companies? >> you can't. >> you have to choose. >> i remember people on the board saying there's no way

second-quarter earnings beat estimates at lockheed martin.veries of the past 35 fighter plane and there was growing demand for the fire missile to fight insurgents in syria and iraq. the european commission has find some of europe's best-known truck makers a record $3.2 billion in a price-fixing case. they paid one third of that and they said the company's coordinated timing and the passing on a mission technology. that is your bloomberg business flash. this is bloomberg. david: thanks. donald trump has not been shy in saying why he should be our next president. one of the reasons is the business he has built and the way he accumulated wealth. bloomberg takes a close look at how wealthy mr. trump really is and we are joined by caleb, he just wrote a piece on bloomberg, so tell us what you found. caleb: we looked at the 12 months later and mr. trump's network has gone up to $3 billion. to $3 it has gone up billion. caleb: less than the $10 billion in claims for that is what we can account for. david: how confident are you in these numbers? wil

. >> the spacecraft built by lockheed martin is expected to last 20 minutes.its final orbit, it will dive into jupiter's atmosphere where it is expected to be crushed and vaporized. >>> crushed and vaporized. that's very final. fun to see the pictures when they come in. 75 in napa today. temperatures were on the cool side out there as you know. fire danger down. air quality good. jackets are on. and they stay on. or keep one in the car. if you are doing any outdoor activity tyties like baseball games, you will be needing jackets. in berkeley, oakland, alameda, san rafael. 85 in antioch now. 78 in livermore. temperature in your morgan hill area, 73 degrees. the forecast high as we go through the next couple of days are going to stay on the cool pattern side. that sets us up with a mild pattern of much better fire danger. look how brown the hills are. mount diablo here. the hills are always brown this time of year. but, just when you see the wild oat ready to burn, it makes you happy that we have this much cloud cover and moisture available from the marine layer

meet with a variety of potential employers, among the companies, target, goodwill and fedex and lockheed martinorkshops are held to prepare job seekers for interviews. >>> 46 people from 21 countries are the newest citizens tonight. and they took the pledge in morrisville, bucks county. that mean they will cast their first votes in this historic election. many are undecided so far and looking forward to hearing month of what the candidates have to say. >>> jaime apody says don't lead your sports cast with the eagles news. >> everybody is in camp and they are ready to work. they need to be, the eagles preseason game is 14 days away and jeff skversky is with the birds on the first full day of full squad workouts. >> rain forces the eagles inside for the first full squad work y workouts and a lot of eagles arrived saying there was a different feel this year than it was last year under chip kelly season these players are dieing to see how this all plays out. >> that first play out there the speed of the game is back. it's an exciting time a time to get a lot of work done against each other. >> and

stocks for this, lockheed martin made the spacecraft. stock hit a new lifetime high today on this news. huge success. a lot of fun. lockheed martin hitting lifetime high. down five cents. time to liz claman. other to you. liz: no circling. we have touchdown. president obama and hillary clinton have touched down in charlotte. you're looking at live pictures of convention center. capacity crowd in the arena as the president is on deck to make the first campaign appearance for the presumptive nominee. touching down in charlotte, north carolina, half an hour ago, on the same day the fbi director made a dramatic and detailed statement about his agency's investigation of hillary clinton's private server and emails. james comey declaring today, no charges. america's top law enforcement agency announced he could not find a case to support bringing criminal charges against clinton, but, the fbi did find that the former secretary of state and her staff were, quote, extremely careless in their handling of extremely sensitive classified information,

lockheed martin and northrop grumman involved in child support services.lockheed martin is to have the contract to run the office and now it's maximus on the same company that has statewide now to help stated they'd benefit from children, which the state would then take from the children. as the scope of the poverty industry, we have reached a point where you have agencies that don't have the capacity to monitor their own private contracts where they are hiring private tours to monitor their private contracts. as an example of the scope initiated here in d.c., same company. maximus had a contract to help district of columbia for foster children. there were concerns and allegations brought by the department of justice, the u.s. department of justice, formulate the doj that there may have been false claims. medicaid claims allegedly filed that were not true, to the point of a settlement agreement of the fifth, where allegedly fraudulent medicaid claims of $30 million. deferred prosecution agreement was centered within a short time if that come the same compa

lockheed martin is my favorite in the space. on a general die ma'amics too. >> the valuation is about comparable. you're talking about lockheed trading at 19 to 20 times forward earnings and there isn't a single soul in washington who wants to put their name on le deucing defense spending. that's political suicide most likely. so i don't think you're going to see that. in fact, i was looking at these earlier today, just net of what happened in nice and this only adds to that. only travel to europe? people have to be having second thoughts. this is the border of course of europe, but this is is one of these things where you're talking a look at potential terrorism. we have belgium, france, now, this. it's got to be disruptive. the airlines were cheen, but aren't going to catch a bit on this. >> on the right side of your screen, we were looking at iphone apparently president erdogan of turkey was communicating with the public by facebook live and so, they were showing a shot of face time. gl facebook live, all -- >> there you have

second that it's supposed to and now it's in orbit above jupiter, so great success for nasa and lockheed martincientists that manufactured the spacecraft. the big story tonight was the foggy works in san francisco. still they pulled off a pretty good show. tomorrow morning there will be plenty of leftovers burning back to the shoreline by midnight. here it comes gone, there it is live in full view at 20 minutes after 11:00 in the bay area. concord has 60 degrees and in the city it's 55. low pressure is subsiding slowly over western canada and with high pressure shrinking south we've got some pretty good onshore breeze the next couple days keeping inland areas mild, in the low 100s a week ago. tomorrow low 80s inland in the warmest spots. so coast and bay fog tonight and drizzle. temperatures remain about the same. it will cool by the weekend a little but no dramatic changes. overnight mid-50s and sun-up tomorrow at seven minutes before 6 a.m. on your tuesday morning will find redding at 95 degrees. forecast mies are below average with 61 in the city, 78 in concord and 66 in oakland tomorrow, sa

lockheed martin all time high. thinks that space to me regardless of what you think about valuation. i think that's very attractive and you led the show with this, so back to it. tlt for a number of different reasons. >> two week highs. >> and had every opportunity. obliterated today. didn't do it. stock markets going higher. that's fine. but i think tlt goes higher. the gold miners go higher. >> what can you trade here? >> i would stick with what's in a bull market. which is tlt. gold, silver. i would buy uup. the dollar. another single stock that i bought for the yield and getting off volatility is cme. which is one that i got from guy. actually on this show, he mentioned it and i said that looks like a great idea. >> that guy, he's smart. >> sorry. >> one point about the s&p 500. we look at that chart all the time. it is the best performing largest equity index in the world and to me at this point, half a percent from an all time high, a breakout could be the trade. let's be frank. it has not been my view. here'

juno was built here at lockheed martin near denver. from this room, the team is sending and receiving messages to and from the spacecraft. but jupiter is so far away, even traveling at the speed of light, those messages take 48 minutes just to travel one way. soon, juno will get down to the science. >> how did our solar system form, where did we come from, what are we made out of? >> reporter: in 2018, juno will plunge toward jupiter to its death, its mission at an end. but not before hopefully discovering new clues about how we began. clayton sandell, abc news, denver. >> just an incredible feat. clayton, thank you. >>> there's still much more ahead on "world news tonight" this tuesday. the consumer alert tonight. what thieves are now attaching to some cars without you even knowing about it. look at this. these alleged thieves are breaking into a locked car. >>> there's also news tonight about the mystery explosion in new york's central park. the new headline about that injured tourist, and the explosive material found at the scene. >

described as a one-shot attempt by lockheed martin space exploration director the final engine burn was especially harrowing due to the 48-minute delay in radio signals heading back from the gas giant. mission control knew they would not find out if the half hour maneuver was successful until it was already over. but the cheering relief came, along with well wishes. google created a special doodle to celebrate. and star trek's captain kirk sent his congratulations into the depths of space. on behalf of the probe the team triumphantly tweeted i'm ready to unlock all your secrets, jupiter. deal with it. juneau now starts a 20-month mission studying the mammoth planet. >>> donald trump and hillary clinton are set for a collision course in north carolina today as both prepare to hold duelling rallies there. a win in the state could give clinton a resounding electoral victory in november. and if trump pulls off a win he could couple the state's electoral votes with others like ohio to score an upset. and it comes as the latest "usa today" suffolk national poll shows clinton beating trump by

johnson from johnson & and lockheed martin, they had winners, though lockheed martin now lower after that companies earnings beat estimates, johnson & johnson with earnings that beat in the second quarter although they fell for the year earlier and raising its full-year forecast on the strength of its drug sales versus consumer unit. those shares are holding up. emc's shareholders have voted to approve its acquisition by dell. the company he controls is out with earnings that beat estimates. it is the virtualization company. that company has seen sales float but this quarters that quarter is reassuring to investors. -- that quarter is reassuring to investors. some movers based on analyst calls, trip only is one of the stocks being affected iv popery -- by the popery. doing channel checks in new york city and they says traffic holding up well and coming back, shares up 1.5%. s5 networks rising. bravo interested in buying the company, periodically gaining on this speculation and rumors about takeovers, shares at 4.5%. >> thank you. let's look at the first word news. more from our newsr

david: a lockheed martin and boeing joint venture nearly doubled the lobbying money over the last fewonths. they have been fighting legislative restrictions on the use of russian rocket engines. vonnie: the pay-tv industry has new concerns about so-called cord cutters. programming blackouts and allowing customers to seek cheaper alternatives online. sling tv, its own streaming video service, starts at $20 per month. india, a billionaire his his goal to build chemical business tenfold over the next decade is still on track despite the slowdown. reporter began by asking him how he plans to continue the company's rapid growth? growthnically, by normal , and partly by inorganic growth , acquisition. now, i expect the economy will do exceedingly well. month --pecting good expecting monsoons. we are a reform of indirect access for gst will go through. i expect strong growth in india and i hope our growth targets of 10 by 10 will get achieved. reporter: stepping outside india, a three by three strategy, right? focused on africa, south america. : those are product areas where we have strength

>> well, lockheed martin's juno project manager. coming up, we'll hear from one biggest venture firms on venture vesting in a brexit world. check us out on the radio, in boston, new york, washington, d.c. and san francisco. and anywhere! the bloomberg radio app, bloomberg.com. this is bloomberg. . . fifa's former secretary-general had his band from football reduced by two years on appeal. he was fired over world cup ticketing and broadcast scandals by the ethicsed committee. the transportation security's administration says it plans to on luggage and could cut wait times. donald trump could announce his running mate as early as next week according to cnn. previously said he would announce his vice presidential nationalhe republican convention which begins july 18. the estimated mega millions jet -- theup to 450 more estimated mega millions jackpot .s up to $454 million global news 24 hours a day powered by more than 2600 .ournalists and analysts this is bloomberg and it's just .fter 6:30 p.m. in new york i'm joined by paul allen wit

west,"up, on "bloomberg the manager of lockheed martin's judo program.for me charlotte and mark in raleigh, sayonara!you ♪ >> you're watching "bloomberg west." let's start with a check on your news.erg first word president obama and would-be successor hillary clinton are carolina.g in north >> there has never been any man or woman more qualified for this office than hillary clinton! [cheering] >> ever! >> likely g.o.p. nominee donald trump is also in north carolina. in raleigh today. the f.b.i. recommends no charges be filed against hillary clinton a private e-mail server as secretary of state. f.b.i. director comey said and her aids were careless but there was no misconduct. lead tomay is in the proceed david cameron. south africa, double pistoriusympian oscar may return to prison for murdering his girlfriend three years ago. asking for 15e years. global news, 24 hours a

colorado's largest employer is lockheed martin space systems, the largest industry, professional and business services. this is colorado's sixth appearance in our top five, and it ties with 2009 and 2010 for its best finish. so we messed up some of your guesses. keep on guessing, topstates.cnbc.com. the top state revealed later on cn cnbc. >> love it. >>> stocks setting record highs. dow's up 121, session highs awfully close. more "squawk alley" in just a minute. ♪ 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 c300 for $379 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. >>> fascinating market day. the nasdaq has beaten the s&p for the past three years. trying to play catch-up. went green the first time for 2016. on the back of a lot of tech names, seegate. >> said they'd cut 14% of workforce by the middle of next year, got the stock up better than 22%. to be a worker and hear that news. gr

cory: well, lockheed martin's juno project manager. coming up, we'll hear from one of the u.k.'ggest venture firms on venture vesting in a post-brexit world. check us out on the radio, in boston, new york, washington, d.c. and san francisco. and anywhere! the bloomberg radio app, bloomberg.com. this is bloomberg. ♪ >> top stories this hour. -- bank of england warning shares are below 3% and gold climbed to a two-year high. the pound bunched beneath a dollar 29, extending 31-year lows after mark carney said briggs it risks are crystallizing. the government bond yields dropped to zero for the first time as record low returns failed to deter investors. benchmark 10-year japanese and australian yields also felt to unprecedented levels. the yen is heading for the longest run of decline since february as lenders a week in their forecast, citing additional pressure from briggs it -- brexit. bank -- theral central bank said wednesday as its weakest since 2010. global news 24 hours a day from our more than 2400 journalists in more than 150 news bureaus around the world. 100 20 countries.

she worked for lockheed martin as an engineer and the first woman to train sailors on operating nucleareapons. >>> and welcome the newest edition to the family at nbc bay area. this, ladies and gentlemen, is baby renley jade. mom and baby are doing well. so are dad and the big sisters right there. congratulations, vicky and family and welcome renley. >> just turning into a fantastic weekend all the way around. >> and great weather. going to get better. temperatures cooling off. if

tune in tuesday as kenny, the lockheed martin project manager, joins us to talk about that jupiter landingon monday. coming up, the future of pharma may not require sun or soil. we've got the c.e.o. next. this is bloomberg. ♪ >> well, the garden state is going vertical with aeroponic farming. aeroponic. yes. a commercial farming company. building a 75,000-square foot farm in new jersey. it will be the largest indoor farm in the world. the company has raised more than $70 million to expand globally. joining us now -- so close to new jersey. david, this is a mind-blowing concept. how do you explain this to people who have no idea what you do? >> we grow without sun and soil at aerofarms. so plants don't need soil. they need nutrients. they don't need sun. they need spectrum of light. so we grow and warehouse. it's level upon level of growing. so in a warehouse, a modern warehouse that's 36 feet high, we have 12 levels of growing with these grow towers that are approximately 80 feet long. in the farm we're building, there are going to be 35 of these. >> it's going to produce what? >> just und

. >> why don't you get diversified and go into lockheed-martin.ou'll also get the helicopter, because they bought sacourseki. highest quality. >> caller: buy, sell or hold on canadian national railways. >> they've had too big a move, i want to wait till they come down. patrick? >> caller: i have a small holding of amc entertainment stock, and with the recent acquisitions, it's continuing to fall. i'm up about 15%. should i hold or sell? ? ye . >> yes, he want you to hold onto that. i think adam's going to do oo good job. i like his acquisition strategy. dan in arizona. >> caller: this is dan from bullhead city, arizona. >> what's shakin'? >> caller: i got ak steel. >> you should keep ak steel. the chinese and koreans cannot dump anymore. we heard from u.s. steel, things are starting to cook. the other day -- when you block china and korea from doing their nefarious dumping, you get a company that can have a real stock run. maddie in new jersey. maddie! >> caller: hey, jim, how are you. >> i'm great. >> caller: i hold johnson controls. i have a mod

kansas city southern, general dynamics, delta airlines, lockheed martin, as well as going. they all closed above a percent. good winners on a day where there was not much as joe pointed out, tons going on. we also want to look at the trends that has not gone away. that is a low day, even when you are flat. the vix keeps on plunging new lows, volatility absent from the market right now despite the geopolitical events happening all over the place. joe: also a very quiet day on the government bond run. here is a five day chart of 10 year yields. you see them taking higher for several days. we are still incredibly low. a little bit of a decline, but even that is pretty quiet. u.s.et: in currencies, the dollar at a three month high. this run-up is nothing like what we saw in 2014 and 2015, but still something to be wary of in an earnings series. , resuming his decline against the dollar. central bank cut interest rates by 25 basis points, less than it had been doing up until this point. -- president hertha he is hiring institutions, the academics of the next to be removed from t

she worked for lockheed martin as an engineer. was the first woman to train sailors on operating nuclear weapons. >> all right. >>> heightening security at airports across the country. t tsa is enlisting the help of bomb-sniffing dogs. meet the canine that could save your life. >>> hillary clinton trying to put the e-mail scandal behind her and donald trump involved in another controversy. coming up with your presidential politics. trail---- is a familiar ory stiy >>> decision 2016 and the latest on a kpap trail is a familiar story picking up steam. hillary clinton trying to stamp out an e-mail controversy three weeks before the democratic convention. >> she just met for 3.5 hours with the fbi. "today in the bay" edward lawrence joining us live in washington, d.c., with the details. it appears donald trump, on the other side of the aisle, getting closer to picking a vp. >> yeah. getting a little bit closer. he did with the governor of indiana yesterday at trump hotel in new york. this weekend, though, image control for the presump

she worked for lockheed martin as an engineer and trained sailors on how to operate nuclear weapons.he newest edition to our nbc bay area family. take a look. this is baby renley jade. mom and baby, both doing well. so are dad, big sister, emmy, and odessa. look how cute. they all look like vickie. we will be doing your birth announcement sometime soon. >> i guess so. due date is in september. so we will see. >>> we have great weather. quickly warming temperatures in 60s and 70s and heading into the mid 70s for most of the bay area. upper 80s for the tri-valley. >> have a great day. be careful. be good. i'll see you later. [ bark ] [ bark ] bye. see ya pal. xfinity home provides 24/7 professional monitoring for 24/7 peace of mind. aw. aw. aw. aw. [ dryer running ] know what your pets are up to... party's on! ...with xfinity home, connected, protected home. xfinity customers: get a great deal on xfinity home and ask about free installation. call or go online today. see the secret life of pets, in theatres july 8th. >>> standby everyone, lets have a great show, we are live in five, fou

names within the sector hitting lifetime highs include cintas, 3m, lockheed martin, northrup grumman and waste management. northrup grumman barely into the red in the last few moments. >>> we begin with politics, and attorney general loretta lynch dealing with the painful political fallout following private meeting with former president bill clinton earlier this week. while lynch said the two did not discuss the e-mail probe of hillary clinton, there are major bipartisan concerns over how she is handling the situation. lynch addressing the situation today at an appearance at the aspen festival in colorado. blake burman joins us with the latest on the developing story. blake? >> reporter: good afternoon to you. this morning loretta lynch consistently tried to pump back credibility not only into her department but investigation trying to ease the mounting criticisms over her private meeting with bill clinton. the attorney general said she would accept the recommendations of career prosecutor in collaboration with the fbi into the investigation of hillary clinton's e-mail practices whil

names like lockheed martin, who made comments today about the sort of global environment we currently find ourselves in. i think all these defense stocks work as well. in terms of the broader market, you've heard a lot of people talking about the potential for an outside year to the upside in the s&p. b i don't want to get too wonky, we're still in july. there's a lot of real estate left in the year. >> i think we asked those questions because a lot of people are wondering if they should pay up. ek get industrials, trading at a current pe that is cheaper than the s&p 500. >> of course you should and that's not going to change anytime soon. i don't think today is a day you can do anything different, but if you look and listen to the street, interesting morgan stanley, city, downgraded bonds today. indicateded we've seen a trough for good that this is a pause in the road. so there are some folks out there saying look, there was an overreaction to brexit. there was certainly this run for yield and in this sense, i think you could fade a couple. in fact, i took profits in altria and reyno

coming up, on "bloomberg west," the manager of lockheed martin's judo program.harlotte and mark in raleigh, we say to you, sayonara. ♪ ♪ ofit is wednesday the sixth july. this is "trending business". ♪ angie: we will be a live in sydney and singapore this hour, but first, here is what we are watching this morning. the asia-pacific extends a global selloff. the yen climbs. the pound under pressure after the bank of england warned that brexit is hurting the u.k.

. >> the spacecraft built by lockheed martin is expected to last for 20 months.its final orbit juno is expected to dive into jupiter's atmosphere where it's expected to be crushed and vaporized. >>> checking on the temperatures from today, it was cool, warm spot in antioch at 85 but on the fringe of that really cool, moist air. highs today 75 in vallejo, 80 fairfield, kind of mild. tomorrow is the same deal, plenty of fog out there as we talked about. already all over the bay, duplicate of what we saw last night. tomorrow morning, duplicate of what we saw this morning which means fog into livermore valley, out towards walnut creek obviously. vallejo, napa, san rafael, petaluma, plenty of fog and even southwards towards the peninsula, try to get into fremont and redwood city. 59 in hayward, 58 in san jose. temperatures running a little warmer right now than they did last night at this time but it's foggy. jackets and not just tomorrow but really all week, when i say jackets, it's a good idea especially commuting in from walnut creek to san francisco, going to need

share price of lockheed martin up 3%. there you go. locke martin ping it's open.ion. $2.59 there. amazon stock not too far from the all-time high. story here, they patented way to a drone landing spot where the drone recharges. so it can make more deliveries. i know you're -- fascinated. more on that in a moment. netflix stock is down big yesterday. it reported weak subscriber growth edging back almost a buck now but still 86 on netflix. don't forget oil, down today. 43 dollars a barrel. we get the supply numbers at 10:30 this morning plrpt take a look at the tenure treasury yield 1.85%. an important number these days. start with microsoft doing well in the cloud. i want to -- have some unctioning of the cloud. liz mcdonald in chicago. here in new york, peter the tenured economic professor is with us. i want to -- every one of our viewers to understand what is is this cloud computing. shaw says he can make me understand in two sentences. go. >> initially cloud is all about hardware moved up to someplace where it doesn't exist. so firms don't have to buy hardware o

exploring the largest of the planets and ground control at nasa jet propulsion laboratory and lockheed martined in applause when solar powered spacecraft beamed home news it was circling jupiter's pole. >> after five years. >> long journey. >> scientists promised close-up views of planet when it skims the cloud tops during the zero month mission. >> we will look for that. >> steve, what is going on the at four minutes before 7:00 report report look at the platform, not too many people here as we get to the rush hour. this is most popular vacation week so i don't think problem will be as highlighted new as it normally would be. that is another positive thing about this. no complaints. we just had a express train running by, bypassing these folks waiting for a train and there was a empty car on the end but we are waiting for trains ape so far in problems and in the one complaint they are happy september put their passenger safety first. if you want to soar along the highest, longest and fastest zipline in north america, there's only one place to do it. and that's not the only thing you can only

conagra foods, aflac, medtronics, lockheed martin. it was definitely a day, a week, latter half of the week where the buyers were certainly on board, guys. back to you. david: lori, thank you very much. well, gold, interestingly hitting another 52-week high today. very often when the stocks are up, gold comes down. didn't happen today. up for five consecutive weeks now gold is. phil, weak currencies, i say that is what equals higher gold prices. am i right? >> yeah, absolutely dave. you know what's causing those weak currencies obviously? uncertainty what is going on in the globe. really saw a huge bid on gold. silver, we can't forget about silver, silver was up over a dollar, up over 1.10 doll. concerns about what imf said about deutsche bank. it is riskiest financial institution in the world. when gold traders hear that, they get scared. they start buying. why you saw the money move into the gold and the poor man's gold, silver as well. oil rebounded. concerns about the norway strike keeping shorts at bay. it will be a long weekend.

the ceos of boeing and lockheed martin join us first on cnbc. >>> elon musk, tweets about a new masterlan suggesting details could come this week. it's monday, july 11, 2016. worldwide exchange begins right now. ♪ ♪

number one is lockheed martin, over 250. i still like it. my action alert owns it.o, northrup garman. how about randy in wisconsin? randy? >> caller: boo-yah, cramer. >> boo-yah, go packers. >> caller: hear, hear. i want to know if cat is a good buy. >> okay. cat is at the precipice of a breakout here. the shorts are going to press it. i think the news out of china is good enough that you could finally have a quick spurt as the guys realize they have to cover. i say -- >> buy, buy, buy. >> even though it was up two today. let's take one more. ben in texas. ben? >> caller: boo-yah. >> boo-yah, ben. >> caller: looking at verifone. >> verifone, you know when you put the credit card in the machi machine, makes you wait 27 minutes and approves you? it's upsetting people. i want them to set the word straight because it sure ain't their fault. that, ladies and gentle hemen, the conclusion of the "lightning round. >> "the lightning round" is sponsored by t.d. ameritrade. or jerry getting dumped every third tuesday. jerry: every third tuesday. we have pattern recognition tec

we're very fortunate to have this series sponsored by lockheed martin and huntington engles industriespecially today we're very pleased to bring forward rear admiral matt winter, chief of naval research. innovation is the buzzword right now in washington. some people get to just say it. other people have to implement it and make it mean something and rear admiral winter is at the forefront of that challenge set. moderating our event my partner in crime, vice admiral. pete daly, ceo of the u.s. naval institute. join me with a warm welcome for rear admiral winter. [applause] >> good morning, folks. thank you, dr. hicks, and admiral bailey for this opportunity to have a dialogue. i have some prepared remarks that are captured in power point but i'm really looking forward to the question and answer session after these, about 15, 20 minute discussion. some familiar faces out there. so, give me the hard questions. the unfamiliar faces give me the harder questions. so, chief of naval research, echelon one command, director report to secretary of knave and chief naval operations commandant mar

lockheed martin is a monsulphur stock.aded a little hitch the last couple of days, but i've got to tell you something. weave talked about defense stocks now since the first obama president i? '08 and they have been on fire and i think they will continue to move from the lower left to the upper right as dennis gartman says. >> guy has been on this trade for probably since that administration first took off so that's been an amazing trade. i think it's so difficult to have any idea of the implications of winning that i wouldn't trade on it. >> okay. don't forget to tune into our special live report from the republican national convention tonight at 10:00 p.m. tonight, because that's when donald trump is expected to take the stage. breaking news on the nba and dom chu has that. >> the nba has made it official now. they have now pulled the 2017 all-star game from the city of charlotte, north carolina. in the statement they say since march when north carolina enacted the legislation referred to here that was viewed as anti-lesb

we have seen buyers come into the market in the last hour and big names by goldman sachs, lockheed martinn europe, the indices are lower across the board. the german economic sentiment report out for the month of july and hit the lowest level in four years. in asia overnight, mixed performances although the nikkei in japan was one of the winners, up nearly 1.4%. from america being safe to putting america back to work, that's the theme for the second day of the republican national convention, tonight we'll hear from two of donald trump's children and other leaders, speaker paul ryan and chris christie. and the owner of cke restaurant, parent company of hardee's and carl's, jr., thank you for joining us. >> great to be here. maria: your reaction to last night's event? >> last night was great. rudy guiliani hit it out of the park. i thought melania trump is wonderful. if every time a republican woman stands up and does something wonderful, they find something to knock her down, including hillary clinton and i think that the attempts to knock her down will fall on deaf ears, it was heart felt

we had a number of last couple from gm, 3m, lockheed martin, a number of defense names.st she, real ly sided. the last couple months, frankly, sole cot gaits and sherwin williams, and stanley and black & decker have been at highs. the s&p i do want to emphasize that we're not there, particularly the dow transports. the s&p mid cap. the concerns with brekle recently. let's head up to the analysis dak. bertha has a pretty nice rally. a pretty nice rally. for those yossed for the first time this year. u.s. to break even for the year. the move we have seen today is pretty binary. and the small caps, russell 2000 was actually the best performer on the day with the biggest gains. it actually has outperformed the larger cap averages, up about 5% year to date. maybe investors going back into some of these stocks thinking let's get more protection. go pro still down 80% from its high. one of the big winners in the small caps today. you did have about 200 new highs on the nasdaq, a lot of them megacats at historic highs, amazon will have a big day yet tomorrow. it's prime today wh

, the banks had beaten, all of them have beaten and saw very good beat today and mentioned by lockheed martinth care and see if the broader sectors that are out there will do better and so far 11% of the s&p reporting. earnings better than expected. >> all right, bob. thank you very much. so as art cashin predicted, the market on close orders little impact on the market. but the s&p stumbling a bit. stay tuned for those earnings and rudy giuliani from cleveland on the second hour of "the closing bell" with kelly evans and company. see you tomorrow, kelly. >>> thank you, bill. welcome to "the closing bell," everybody. i'm kelly evans. there's the bull with the green eye, again. dow closing at an all thf time high. adding 26 was enough to do it. 18,559, that's the new high watermark for the blue chip index. the dow 30. s&p 500 bradley dropped 3 points today, 2163. nasdaq, underperformer down 19. closing still above 5,000 at 5036. investors turning to a pair of big earnings reports this hour. josh lipton following microsoft for us. susan li covering united continental. seeing you in a moment. cn

new highs i keep pointing out when you see big industrial names on there, raytheon, honeywell, lockheed martinl them, good sign for the overall market here. they are joining other stocks. of course the consumer names that have been there almost every day throughout the year, stocks like pepsico, johnson & johnson, colgate, walmart joining as well. we'll say just short of levels that would get me really excited. >> let's talk more about that, bob. as you pointed out back to all-time highs. however, the s&p has been grinding around that 2100 level for like the last two years. is this the time when the s&p will finally break out meaningfully higher? if yes, how much higher can it go? check out what one strategist said this morning on "squawk box." >> i want to see consecutive fridays, so two weekly closes in the s&p 500 above that 2100 level. that would convince me we've broken out and then you can arrive at some pretty impressive upside targets. >> what is that number? >> 2400 -- >> what? >> i know, sounds crazy. >> that's what i mean. >> from the channel you can arrive at that. >> 2400? let's s