lockheed martin has a proud history of partnering with international customers to create and grow aerospace industrial capability around the world. i loved your comments, circumstances before me about the brand power as well. lockheed's partnership with south korean defense industry is a great example of how the u.s. and south korea can come together to develop platforms and capabilities that strengthen our respective defense industrial bases, support requirements in the republic of korea, in the u.s. and globally, and help to further bind our two countries together, ultimately enhancing allied capability. for almost 30 years, lockheed martin has been honored to partner with the government of south korea and korean industry in some of the most critical defense programs, most notably in missile defense programs like aegis, helicopters and fighter airplanes. look no further than the lmk lmkii t-50 partnership to see how the two allies can produce state-of-the-art platforms. allow me to tell you the story of how this came about. in the late 1980s, when the republic of korea air force acquired

president and ceo of lockheed martin. she joins walking 30 years ago as an engineer in rows away to 2016.p in fortune magazine identified mr. houston as number three out of the 50 most powerful women in business around the world. kathleen hicks, director of international security program for csis. she was appointed by the president. she is a former principal undersecretary of policy at the pentagon. and we have general robert geller, the 37th, bottom of the marine corps commissioned in 1975. he went to uva and i just learned roots for michigan state. [laughter] >> he is from east lansing. he served the commanding general of the drain force and iraqi freedom. and the senator of new hampshire. she is the first woman in u.s. history to be elected both governor and u.s. senator. she has been in the senate since 2009, on the armed services committee, foreign relations committee and appropriations. she just flew in from a very important vote in congress. she is particularly -- you have a particular interest in new hampshire's p

more on "varney & company," top of the hour right after "mornings with maria" join stuart first lockheed martinise in earnings this year, good guidance has stock up 3%, nicole petallides on floor of the new york stock exchange watching lockheed broader market. >> good morning you are absolutely right taking a look at lockheed martin to the upside came but fourth quarter revenue beat street up almost 3%, 2.79, 345 and change so well on higher sales f-35 fighter jet program raising guidance for 2018, don't forget president trump's administration defense department to fork out spend 391 billion dollars, over 15 years to develop and buy more than 2400 sierp sonic warplanes a winner here, for lockheed martin going forward, also upside possibly then intel this is ongoing story about security, critical the question is why china's government may known more about it before even u.s. government seems that they actually let notified a small group of customers including chinese technology customers because china's government monitors those types of conversations, in fact chinese government may have known b

he will come from the defense department from lockheed martin international where he was most recently a senior vice president. lockheed is the biggest of the big five defense contractors. in 2016 the u.s. government awarded the company over $40 billion in one year. according to his bios, it included developing strategies to grow lockheed martin's international business and, quote, managing marketing and government relations activities overseas. in other words, he was responsible for selling lockheed's products to other countries. lockheed made over $12 billion, more than a quarter of net sales from international customers in 2016. here's why that matters. according to lockheed's most recent annual statement the international sreufgs -- division mr. root managed made about 66% of sales to foreign customers through the pentagon's foreign military sales program. this is a program that allows for the sale of u.s. defense products overseas. in that same report, lockheed acknowledges that its foreign sales are, quote, highly sensitive to changes in regulations and, quote, affected by u.s. f

marillyn hewson, chairman, president and ceo of lockheed martin. she joined lockheed 30 years ago as an engineer and rose all the way to the top. in 2016 "fortune" magazine -- for can magazine identified her as 50 of the most powerful women in business runs will dr. kathleen hicks, director of international security program for csis. she was appointed to the national commission on the future of the army by the president pictures a former principal undersecretary of policy at the pentagon. and then we have general robert neller, the 37th commandant of u.s. marine corps. he was commissioned in 1975, went to uva but i just learned routes for michigan state. he saw east lansing. he served deputy commanding general of the first marine expeditionary force during operation iraqi freedom. and senator jeanne shaheen of the great state of new hampshire. she is the first woman in u.s. history to be elected both governor and u.s. tended to. she's been innocent since 2009 on the armed service committee, foreign relations committee, and foreign appropriations an

harris, lockheed martin, raytheon now count for 32% of its shares. will anything be done on infrastructure the president explained why there is no such thing as shovel ready progress if trump can get around this, well, that would be huge for caterpillar, united reynolds the strength in the stock has more to do with commodity rallies and the strength in construction in private sector i trust state budgets and private sector plans if you think i am being too cynical go look at the list of u.s. concrete. relocations to texas even if it is unlikely with the idea of an infrastructure package in the air, it is worth listening to john ferrioa. not tilling his production in steel. steel, long, long girds for the narrow bridge. but is building $250 million mill for rebar near kansas city. stocks cheaper even if you assume nothing happens on the infrastructure front buy, buy, buy. if you want something less obvious think health care. president is done trying to dismantle obamacare for the moment if you believe this new initiative from buffet, bassos, turn out

why is lockheed martin down half a%. any government shutdown would delay the purchase of a critical equipment it makes and both contractors and pentagon leaders had long warned that the budget problems happening on capitol hill will raise costs and affect military readiness. when you expect the senate will start taking up the final vote. we were expecting to 30 but they have not scheduled the vote. the clock is ticking. we know that the house is on standby and they want this from the senate again kevin mccarthy said he is the republican leader in the house that they could pass this version to take it to february 8. we are still awaiting the house has the authority to pass it almost immediately. right now the vote has not yet taken place. it should take place in the next 45 minutes to an hour. where do we stand on all of this. i have to tell you right now. people like jeff flake from arizona who have been pushing for an immigration deal still optimistic they are to get something done. here's what he said regarding the vot

lockheed martin and others must make these parts. wise the supply off? >> it generally starts with budget. you have to budget for spares and things you need to maintain aircraft. we line up with contracts related to budget that we get. even if we get a stable budget, we have to look at our buying practices. the webinar acquisition system is set up. if you have need to understand that whether it's readiness and the need for spare parts for maintaining the modernization, you have to look at what we reward, how do we go about it and what is the buying behavior. if there's a disconnect there industry is confused. it gets mixed signals. the single best to make sure you have the right modernization. we are an engine of innovation. there is no doubt there is the lifeblood of the industry. but if the buying behaviors are about getting to the lowest cost of squeezing everything out then he will get there. the same thing applies on parts and things of that nature. if you don't budget form they won't be there. the acquisition process takes time. that cycle time dri

-- secret project lockheed martin has. it was one of those odd moments in the white house. it kind of flu under the radar, no pun intended. shery: not sure president trump would have. thank you for that. let's get a check on the markets. abigail doolittle has the latest. >> another day of record highs for the major averages. the rally continues for stocks in the u.s.. dow, s&p, nasdaq all higher. on the week we are looking for another strong weekly gain. nasdaq hads&p and their best week since december, 2016. this week, all up more than 1%, the dow up 2%. optimism about the earning season underway, plus, tax reform. the records are not limited to the major averages. look at dow transports, up half a percent. nine days in a row, the longest such daily winning streak since 2013. adding to that strength, lots of momentum in airlines after a relatively left -- rough year last year. delta put up a better-than-expected quarter as well and talked about fares rising. russell 2000 also putting in a record high. perhaps one source o

and so lockheed martin is working on this revolution in many front. maybe one of the exciting things i'll talk to you about today is how we're actually reinventing how we use big data to redesign or design brand-new manufacturing facilities. today when lockheed martin decides to build a factory, we start virtual reality with modeling and simulation, data analytics, predictive analytics, and even artificial intelligence. so we build the entire factory in the virtual and digital realm before we ever put a shovel on the ground. we actually simulate years of production flow. we understand how we're going to build the hardware, and we understand what it's going to mean for the resources required. and then when we actually go and build the real factory in the real world, we do the same thing, collect that data, analyze it, and ultimately continue to optimize our production over time, increasing safety, quality, efficiency, reducing resource utilization. again, improving business outcomes. so let me give you an example of that. this is a factory we recently

at lockheed martin, mission success is in our dna. our mantra is inventing or engineering a better tomorrow. so, for us, this choice is very stark. it's about whether we're going to continue to increase safety and performance in aviation or live with the status quo. are we going to build the connected hyper efficient factories of the future? or fall behind in productivity? are we going to lead in mission success across the entire solar system, or are we going to miss out on the future of exploration? so for all of us the choice is obsolescence and competitiveness. and every day, there's 2.5 exabytes. that's 2.5 quintillion bytes every 24 hours that are making that choice abundantly clear. thank you. [ applause ] >> thanks again. that was great. as i noted in my opening, but you really brought to life innovation comes from people and so thank you for those insights. but i should note in the work place and the workforce of the 21st century we are seeing some deep transformations taking place, but also seeing some unprecedented challenge

they are absolutely in the millennial sweet pot lockheed martin great defense.th probably my favorite maybe the best health care story out there. visa fintech, fintech, health care, defense, experiential and tech that's so great. all of us should ask what lynn likes next let's go to jack in connecticut. jack >> jim, booyah from fairfield county. >> man, nice, what's up? >> caller: i'm starting a portfolio with my 22-year-old daughter, she's already started a roth i.r.a., invested in the etf and started to pay back college loans. >> listen up, this is what you have to do what jack just described let's go to work jack. >> caller: we want to incorporate five stocks or companies that can benefit maybe from the tax law changes, take into account some medical recreational cannabis play possible and maybe that blitz on cryptocurrency so my five stocks, are we diversified alibaba online retail, raytheon, goldman sachs for that crypto play, scotts miracle grow for the cannabis play and boeing what do you think, jim >> i was doing a piece for my wednesday conversation all

. >> lockheed martin have taken their knowledge applied to a mining company now they are looking for those manganese modules make have a higher due to survey? >> not yet but there were tens of thousands that are working on this. >> yes. >> hundreds of thousands of people were involved national security rests basically one of the head security officers that ran the cover story that ran security so to do the first black program it was the normal legalese from the each lung -- agency but this is during the cold war. you signed this. safety rests in your hands. so to recruit people from the south that they were more patriotic or less likely to talk because of southern christian but yes. it was amazing. five years. >> our general blewett in the end. [laughter] and then to look at that over operations. who is the catalog for howard hughes today? so probably he is. who knows what he'sbl doing? it is the moon base for the cia. >> so go back to the journalist so the engineering that couldn't bebe tested. and you are building complicated thing. then you come in the next day. so with that under

maritime from boeing. 52 combat aircraft from lockheed martin, our largest single public investment ever in norway. but also we are buying new submarines and investments in intelligence capabilities and army assets. which is important also for our job in the northern part. the american economy is doing well. and our economic relations are flourishing. and that's to the benefit of both countries. as we discussed in our meeting for a small country like norway, it's important for our ability to trade and to rest across border that we have fair trade and that we have trade systems, also. and we think it's important for our future. norwegian investments and norwegian companies support close to half a million jobs in the united states. and through our government pension funds, substantial revenues from our oil sectors are being invested in u.s. assets. the u.s. has an impressive business community. and i have commanded a leading role it is playing also in the transformation to a green economy. for example, by the fact that one of the big areas we are now importing in norway is electrical cars

next week, boeing, lockheed martin, semens and others also add to the sector's story. >>> investors in wynn resorts take money off the table on a report alleging sexual misconduct by founder steeve wynn. that is where we gwynn tonight's focus. the "wall street journal" reported that former employees reported they had been sexually harassed over a number of years by wynn. it was reported he had paid several settlements to a manicurity. abvy said a favorable tax right and robust sales of its athlete transmit prompted the company to raise profit estimates for 2018. the new guidance came after abvy reported earnings and sales that rose more than expected. shares rose 1% to 123.21. and colgate pal model i have said weaker sales and increased pack anging costs cut into mother-in-law margins. the shares were off 5% to $73.56. >> astrazeneca said its inhaler treatment for copd showed significant improvement in patients and hit the majority of its trial goals. the company said it may apply for approval of the medication in the u.s. and europe next year. for now it hopes to have the medication g

group lockheed martin is now the world's top arms producer and brings it didn't seem to have an impact on the arms sales of british companies the a ranks number four in the top one hundred list of global arms for juices russia has been selling more aggressively in the past few years and chinese companies too are exporting more the report also said south korea is becoming a bigger player among so-called emerging produces. earlier i spoke with peter way xmen senior researcher of the arms the military expenditure program at the stockholm international peace research institute i began by asking him what the size of the global arms market tells us about the state of the global economy i think on the one hand it's a significant in the industry and we talk about for example that total sales of those hundred largest are producing companies in the world amount to something like treatment and seventy five billion a year that's a significant amount on the one hand but on the other hand we really look at how that compares to other industries let's say the car industry if you look at the largest ar

you lump them in with lockheed martin the problem is in my opinion, now you're starting to get a little bit ahead of yourself boeing is trading close to 30 times forward earnings, which is expensive in history terms, in terms of what they've been over the last decade or so. they've grown at 15, 16%, which is great i think boeing continues to rally into earnings, january 31st unless they pull out a miracle number, which they're capable of, i think they disappoint. you take profits ahead of earnings >> or unless they guide higher right? >> here's the deal on boeing if you think about the five-year kind of average on the company, they traded around 17 times. so they're very expensive in the five-year average, not expensive in the 12-month. two days ago, on the 9th, they talked about fourth quarter deliveries again, the numbers these guys put out continue to be some of the best on the street i think it's one of the best in the space. one said he's stupefied with the valuation. i think it always comes back to valuation. an and% move in five days, that's enough for me >> 13% in five days, yea

thirty five the lockheed martin raytheon what what happens to all those congressman who have have done sweetheart deals with the companies throughout what happens to the nuclear weapons industry what happens to the whole pyramid upon which power in the united states is is based what led to it one won't go away of course but it's threatened in the same way that a republican president ronald reagan together with mikhail gorbachev threatened that if you like by bringing in the intermediate range nuclear weapons treaty at the end which effectively ended the cold war that very treaty and. i haven't seen this in the newspapers at all that very treaty is wiped out in these latest sanctions that ends the last treaty but might stop. a nuclear attack on a lot of the congressional bill signed reluctantly by trump can i just get them to i mean we know the drazen man had no hesitation in saying she'd press a button globe it was a loft if i'm not it's in this context that you read this news that scott swiftwater the pacific fleet says publicly that he would be prepared to destroy the whole of china

trade will of the top ten defense companies by sale seven of them are based in the united states lockheed martin is number one with forty one billion dollars worth of sales in twenty sixteen three our european air bus group b. a systems and leonardo in italy much to discuss on today's program let's bring in our guests right now joining us from london lloyd russell moyle who's a u.k. member of parliament and with the opposition labor party from lancaster via skype tim ripley an independent defense and security analyst and also in london is ben morris a senior defense davey asian analyst with i.h.s. james which covers global defense procurement defense exports and commercial aviation gentlemen welcome to you all lord russell moyo british sales of military equipment to saudi arabia topped one point one billion pounds in the first half of twenty seventeen is the u.k. quote shamefully profiting from the conflict in yemen in which thousands of civilians have died and billions more are subjected to famine and disease as one of your fellow opposition politicians put it. well the short answer is yes not

thirty five lockheed martin raytheon what what happens to all those congressman who have have done sweetheart deals with the companies throughout what happens to the nuclear weapons industry what happens to the whole pyramid upon which power in the united states is is based what led to it one won't go away of course but it's threatened in the same way that a republican president ronald reagan together with mikhail gorbachev threatened it if you like by bringing in the intermediate range nuclear weapons treaty at the end which effectively ended the cold war that very treaty and. i haven't seen this in the newspapers at all but very treaty is wiped out in these latest sanctions that ends the last treaty but might stop. a nuclear attack on logic a gradual build signed reluctantly by trump can i just get them to i mean we know the trays are mad no is it asian saying she'd press a button globe it was a loft if i'm not it's in this context that you read this news that scott swiftwater the pacific fleet says publicly that he would be prepared to destroy the whole of china using the table is to say t

thirty five the lockheed martin raytheon what what happens to all those congressman who have have done sweetheart deals with the companies throughout what happens to the nuclear weapons industry what happens to the whole pyramid upon which power in the united states is is based what led to it one won't go away of course but it's threatened in the same way that a republican president ronald reagan together with mikhail gorbachev threatened it if you like by bringing in the intermediate range nuclear weapons treaty at the end which effectively ended the cold war that very treaty and i haven't seen this in the newspapers at all that very treaty is wiped out in these latest sanctions that ends the last treaty that might stop. a nuclear attack on a lot of the congressional bill signed reluctantly i just get them to i mean we know the trades are mad no is it asian saying she'd press a button globe it was a loft of a mill it's in this context that you read this news that. we have to go to the pacific fleet says publicly that he would be prepared to destroy the whole of china using the table.

lockheed martin. this is about an hour and 15 minutes. [laughter]

that had balance sheet there is an endless game of leapfrog in the defense sector, raytheon, lockheed martin. round and round she goes finally, there is a cohort -- it is adp, remember i told you that combination is great man power, stocks go hand in hand with an economic expansion which is why they will not quit. if you own a stock that is not covered by one of these themes, you are in the wrong place at the wrong time only a handful of stocks like pepsico or tiesson or colgate. you head firm managers out there, you will lose here is the good news, lots of mini rotations and sell offs you have just been given the only guide you need to pick among the winners for the best choices. it is very much for real and it is based on the fundamentals and their spectacular which is only gotten even stronger, now that tax reform is finally kicking in jeff in new york jeff >> caller: go eagles. >> go birds! i tried to restrain myself this show. >> caller: i am mohawk, strength in the natural market. good growth, strong chart. i am wondering how the margins are going to fare. >> i am not concerned. you an

look at what happened with lockheed martin and seagate.at by 10% or 9% lockheed martin, beat by 6%. for a company that size beat by 6%, that's an extraordinary number this is mirroring what we have been seeing so far so far we got earnings up about 13%. that's not the best that we have seen for many years. it is close to it. these are the big movers it is not just cost cutting. we are getting notable top line growth that's starting to come through here >> they often cut numbers going antonio the close of the quarter. look at the target the blue line is the positive estimates and earnings revision is on the upside and it is been increasing for r the last month or so. this is the most important part and more companies are beating expectations by wide margins 80% of the companies reported have beaten expectations typically, revenues beat 61% look at this, 80%. revenues beat. this is rather remarkable numbers here they have been beating by larger margi margins. this is why the markets keep on holding up so well and the first quarter number are

we have lockheed martin.gs growth stronger economy market records today we're pulling back. we do have apple weigh, there's concerns about them cutting production of the iphone 10. we have rising bond deems that everybody is watching for their investing. that's good news for investing. we noted the positivity that we're seeing in earnings and growth. that we're seeing there. the fed meeting, tuesday and wednesday, not likely to see any hikes. of course, the unemployment report on friday. so much to digest this week. exciting week no doubt. >> nicole, thank you. we have been hearing from senator mitch mcconnell today. tomorrow on "the daily briefing," much more from senate majority leader as president trump prepares for his first state of the union address tomorrow night. i thought i married an italian. my lineage was the vecchios and zuccolis. through ancestry, through dna i found out that i was only 16% italian. he was 34% eastern european. so i went onto ancestry, soon learned that one of our ancestors we t

alone and as a who's who quartet, cooper mdm cancer center, philadelphia 76, subaru of america, lockheed martin, cooper university healthy and the new 700 million-dollar camden water front project which will have office space, residential units and hotel, a waterfront hotel rather than a waterfront jail in camden. we are making progress. [applause]. words i never thought i would say from behind this podium, business is booming in camden. [applause]. by the way, so as rutgers university who is adding a number of universe-- buildings to its campus expanding opportunities for students. of the rebirth of camden is happening, dana. watch we envisioned eight years ago is happening and not with government giveaways, but with a bipartisan spirits and they can do attitude. a lot of people are responsible for its rebirth, but one person never wavered in his belief in the city. i want to tell you, none of us could have been accomplished without the relentless will of george. [applause]. is indisputable that camden has no greater cheerleader and no greater investor. i can't believe it, but i'm honored that

. >> reporter: and despite david having a good job at defense contractor, lockheed martin, the family'sces are in the red. the turpins abandon fort worth, leaving behind a squalid scene, as captured in photos by the new homeowner who was so disgusted by what he saw, he kept the photos for nearly 20 years. deplorable conditions. filth. scratches on the backs of doors and walls that the new owners assume were made by animals. the turpins move into this house, set on a sprawling 36 acres in the rural texas town of rio vista. >> it's a town of only a couple of hundred people. it's actually even hard to find on the map. everyone pretty much knows each other. >> reporter: neighbors recall sporadic sightings and strange behavior. >> we were getting concerned. something going on over there, you know. something's not right. >> reporter: in an interview with the "daily mail," shelly's daughter ashley recounts her interactions with the reclusive family. >> it was just normal kid stuff at first. i remember going over one day and knocking on the door, and their mom answered the door and she told me

that is lockheed martin and boeing. the new satellite is expected to remain in place for 12 years.ly missile warning detection system. >> i had, a weekend full of finger-pointing. >> lawmakers blame the government shutdown on each party. >>> >>> that and more coming up after the break. stay with us, we'll be right back after this short break. >>> this is ktvu mornings on 2 we can. >> this is park city utah. the sundance film festival is going on. it is beautiful. >> i have been there. i used to live in salt lake city. i have covered sundance. >> it was neat. >> bring it back home. >> no snow here. it is sunday, january 21. >>> happy weekend. more on whether. we will take you here to figure out. >> the headlines in the big story today is in dc. the government is shut down. lawmakers cannot come to an agreement. there is one key issue holding up approval of a spending bill. >> that is right immigration is a hot topic. we will take a look at the local impact the shutdown is having on federal workers and national parks here in the bay area. millions marched for williams rights yesterda

>> the one-time charge for lockheed martin was not that bad.efense stocks have so much momentum, plus you add the defense spending deal. whether it's northrop grumman or general dynamics, they're all going higher. >> what is in the beverage/food world? >> dr. pepper is going to buy -- fizz >>> howard marks here tomorrow that does it for us. "power lunch" starts right now >>> thanks, scott. here's what's on the power menu. dude, you're get adel, an audacious move,s and possibly bring dell back. the wynn resorts scandal it slammed shareholders, that stock is down again. coming up, we're going to talk about the future of wynn's casino. >>> the proud new owner of an mls team in miami, none other than david beckham we'll talk about the big business of football in america. game on. "power lunch" begins right now

announcement from amazon and berkshire hathaway and jpmorgan going down to defense, watch boeing and lockheed martin's stocks drop. >> who says amazon won't go to defense or health care. i would worry this is a bigger thing. i would say, this was a memo. this is how frothy our markets are. there is a memo out and major companies dropped 5% or more on the news. it's a little irrational but interesting. >> john, meg, thank you so much. >>> we're going to continue watching the markets. specifically, this health care development from three giant companies. >>> president trump is going to deliver his state of the union address tonight under the cloud of the russia investigation. no matter how he tries, that cloud is there. he's facing new pressure over whether to release a memo created by the house intel committee chairman. the white house has days to decide. the justice department warned against making it public. >>> plus, republicans are defending their decision to vote on releasing that very memo. >> the chairman went to thebi to make sure we're protecting sources and methods. we are confident we are. n

you'll say they're expensive, but you look at a lockheed martin and there's tremendous potential to the upside there. >> someone watching will say, valuations are high, historically speaking, why should i buy up here at record highs? >> the argument for buying up here is we've seen global growth continue to accelerate the dow in the u.s. is fine. while valuations may appear to be -- i don't even know if i would call them stretched. let's call them at the high end of the range here on some of these things, you still have to say, okay, but am i going to have economic growth not only will i have economic growth, but look at the bond market what are your alternatives, what would you pay for stocks given this yield environment and yields are still relatively low. and even if they creep up a little bit, you still have some room here in the stock market. so i've got low yields, i've got a high growth or a growing economy globally i mean, to me it sounds actually pretty good for stocks >> the other piece of the puzzle is the earnings part of it if the earnings haven't come up yet. >> they haven

do i -- >> selling scott's miracle gro lockheed martin and general dynamics is all for me it trades inits and starts tina in arkansas. >> caller: thanks for taking my call, jim, and for teaching me so much over the year. >> sure trying to. yesterday in the conference they said that and made me feel good. omar thank you for the ride. what's up? >> caller: i'm down about a million percent on frontier communications is there any hope or chance of a takeover in the next year or turnaround >> you know, it is up 10% this year once the -- i saw the tax law, the reason i know sumner on twitter was saying, listen, i love the service, i'm buying it. i don't like the balance sheet i'm not going to get in there and say, listen, the charts are looking better i would scale out on any strength remember a million percent, the greatest thing about some stocks is they do stop at zero. never been a minus three but i do think frontier is in trouble. very troubled company. i want to go to mary in georgia. mary >> caller: hey, jim. how are you doing? >> i'm good. how about you? >> caller: i feel more like b

philadelphia 76ers, suburu of emr ica, american water, eastern, lockheed martin, cooper niversity health and the new waterfront camden project, that will have office space, residential units and a hotel, a waterfront hotel, rather than a waterfront jail in camden. we're making progress. [applause] words i never thought i would say behind this podium -- business is booming in camden. [applause] way, so is rutgers university, who is expanding for students there each and every day. is rebirth of camden happening. what we envisioned eight years ago is happening. with government giveaways, but with a bipartisan a can-do attitude. lot of people have been responsible for its rebirth, but one person has never waived rred in his believe in this city. i want it tell you. one of this could have been accomplished without the relentless will of george nor norcroft. [applause] it's indisputable that camden cheerleader and no greater investor. i can't believe it, but i'm that george norcroft is here today and i'm honored to partner in rebirth of camden. we did it, george. and thank you for being my par

70000 construction jobs for building trades alone cooper, philadelphia 76ers, subaru america, lockheed martin and the new 700 million-dollar waterfront project to have office space, residential units and a hotel. a waterfront hotel than waterfront jail in camden. we are making progress. [applause] the words that i never thought i would say business is booming and camden. business is booming in camden. [applause] by the way so is rutgers university. they are expanding opportunities for students each and every day. it is happening dana. what we envisioned eight years ago is happening. not through government giveaway but through the can-do attitude. a lot of people are responsible for the rebirth but one person never wavered in his belief with this city. none of this could have been accomplished without the relentless will of george norcross. [applause] it is indisputable camden has have a cheerleader with no greater investor i cannot believe it that i am honored that george is here today and even more honored to call him my partner in this rebirth. we did it. thanks for being my partner. [appla

from lockheed martin. largest single public investment ever in norway. but also we are buying new submarines and investments in intelligence capabilities and army assets which is important for our job in northern part. the american economy is doing well. and our economic relations are flourishing. and that's to the benefit of both countries. as we discussed in our meeting for small country like norway, it's important for our ability to trade and to go across traders that we have fair trade and multiple trade systems also. and we think it's important for our future. norwegian investments support close to half a million jobs in the united states. and to our government pension funds substantial revenues from oil sectors are being invested in u.s. assets. an impressive business community. and i have commanded leading role that it's played also in the transformation to the green economy. for example, by the fact that one of the big areas we are now importing in norway electrical cars from tesla. and norway's combatting climate change. it's an important issue

maritime patrol, f-235 aircraft, largest single public investment from lockheed martin. but also we are buying new submarines and investments in intelligence capabilities and army assets. which is important also for our job. american economy is doing well and our economic relations are flourishing. that's to the benefit of both countries. as we discussed in our meeting for small country like norway, it's important for our ability to trade and to protect the border that we have fair trade and trade assistance also. we think it's important for our future. norwegian investments and norwegian companies support close to half a million jobs in the united states. and through our government pension fund, sub stngs revenues from our oil sectors are being invested in u.s. assets. the u.s. has impressive business community. and i have commanded a leading role. also in the economy, for example, by the fact that one of the big areas we are now importing in norway is electrical cars from tesla. norway is combatting climate change, it is an important issue for us, we are committed to t

lockheed martin.uch more money coming up selling a lot of those at 35 fighter jets in the company sees more profit down the road of nine bucks at nearly 3%. we never like to dismiss general electric although perhaps we should. it is still just above $60 per share. look, 1608 on ge. interest rates are rising. to .70% on a 10 year treasury. that may be a problem for stocks today. james freeman, "the wall street journal" editorial kind of guy. it's a big deal, let's see you. >> i think not. by the way, i'm if the question is to .7% yield on the 10 year u.s. government bond incompatible with the rising stock market, the answer is no. 80s, 90s, the stock market with interest rates a lot higher than they are now. looking down the road further as the federal reserve and other central banks try to pull back from all of the monetary exertions over the last decade, does that present a threat? yes, absolutely. we are still enjoying historically low interest rates. it is an odd world we are living in. the u.s. go

which hinges on a tiny margin of error, that's time that huntington ingalls, general dynamics, lockheed martinto recoup on those production lines continuing resolutions which is what we've been operating on for almost a decade is almost detrimental. crs mean no additional money beyond the last budget and no start of new programs. the air force warned that could delay the delivery of northrop grummond's b 21 ste 1 stealth b. >> that's ironic because of the general need. >> exactly when you have some of these non-essential defense employees, d.o.d. employees that are being furloughed as well, the expectation is also that the budget proposal for the fiscal '19 defense budget is going to be potentially delayed and the expectation now is that this big military buildup that is expected to be proposed by the trump administration probably won't happen until 2020. >> 2020. >> 2020. >> wow morgan, thank you. >>> let's turn the focus back to markets and focus in on small caps joining us is brian wright, chairman and ceo of b. really financial. thanks for coming in. >> thanks for having me. >> we've been

the investment in lockheed martin is the largest single public investment ever in norway.vesting in intelligence capabilities in army assets. the american economy is doing well. our economic relations are flourishing. that is to the benefit of both countries. it is important for our ability .o trade across borders we think it's important for the future. norwegian investments and companies support half a million jobs in the united states. substantial revenues from the oil sectors are being invested in u.s. assets. the u.s. has an impressive business community. i have played a leading role in the transition to a green economy. that is the one big area we are now importing. norway is combating climate change. it's an important issue for us. two american business, we are selling cars in norway. we see tremendous economic business opportunities in the future. we are also discussing difficult issues for the development in afghanistan. it is important we are all working together to find solutions in north korea, south korea, syria, and iraq. since september 11, 2001, norway has c