lockheed martin raising sales.he margin so low, or was there really recovery in the second half that analysts had seen and companies are revising up? david: we talked about how far analysts took down earnings-per-share. navy it was a little bit too far, but maybe that is exactly what people wanted. as we said, earnings continuing to pour in. we will hear from almost 1/3 of the s&p during the week. for more, here is taylor riggs. taylor: twitter up about 8%, and all of the focus was on those monetizeable daily active users, just ahead of 134 million. second quarter sales guidance was also a very key metric. it looks like that came in a little bit late, missing by about $20 million. about 33%, butup decreasesown on price on most formats. we are also getting monthly active user data. this is the first time it has been increased since the first quarter of 2018. twitter told investors this metric would likely continue to drop as they removed spam and cleared out suspicious accounts, but this is the last time we will get

lockheed martin. higher after a strong earnings report morgan brennan is here to talk about what's propelling these companies. same stuff we're talking about >> it is not just consumer products companies. organic sales growth is a big part of the united technologies story today. up 8 for the quarter a beat and raise for united tech if you take nothing else away from me in industrials earnings so far, aerospace and defense is, pardon the pun, taking off like a rocket ship and that's what's playing out in different names. that was the case in united tech and rockwell propelled the numbers there and whitney with the jet engines. all despite the 737 max grounding for boeing, which the company does expect to shave like 10 cents off of earnings this year. even with that, expected to hit their targets. a lot of this is commercial after-market sales but also military sales because this is the company that is making engines, for example, the f-35 fighter jet for that lockheed martin plane, odus saw a little bi

weapons manufacturers like lockheed martin and boeing. then group of peace activists have entered their second year in pre-trial detention for entering the kings bay naval submarine base in georgia to protest u.s. nuclear weapons. we will speak to the four co-defendants in their first joint interview. the kings bay plowshares 7 face up to 25 years in prison. >> we thought it was a good place to call attention to in light of the horrrrific nature f the trident system. we're hoping this would somehow the our solidarity with triplets that martin luther king spoke up. we wanted to make the connections on the anniversary of king's assassination to militarism, consumerism, and racism. amy: the nobel peace prize winning south african archbishop desmond tutu, daniel ellsberg, and noam chomsky among others, have just backed a global call for charges to be dropped against the kings bay plowshares seseven. all of that and more, miming up. welcome to democracy now!, democracynow.org, the war and peace report. i'm amy goodman. department of homeland s

so lockheed martin very, very healthy report indeed.. wanted to mention very quickly, maria, jetblue came in during all this excitement, generally beating on the top and bottom line, the revenue was about in line but as you can see, up 2.3%. they're raising their full year outlook. they say capacity up next quarter, expected 4 to 6%. operating income also beat expectations. jetblue says it will offer a european service in 2021 from boston and new york to london. so make your plans now. maria: all right. lot of good numbers, ashley. overall, very strong quarter it looks like to me. ashley: better than expected. maria: expectations came all the way down. we'll get back to you. our top story this half hour is the race for 2020. vermont senator bernie sanders asked during a cnn town hall last night if he believes prison inmates like the boston bomber, for example, should be allowed to vote. here's what he said. >> if somebody commits a serious crime, sexual assault, murder, they're going to be punished. they may be in jail for 10 years, 20

with a good dvd, i belie -- dividend, 3%. >> i like lockheed martin but people feel that this stock can't come back because the democrats won the house so i'm not going to recommend it to you. randy in california. >> booyah, jim, and much gratitude from long beach. i'm looking at the whole buildout and your guidance on sysco, looking for something a little more risky and looking at nok, nokia do you think it's bottomed and do you think this is a good place to enter for a subset of this market? they appeal at a lower price point and in a different marketplace than their competitors, apple and samsung. >> yes, they're going up against eriksson and huawei. goldman took it to a sell today. i did not like the tone of the call it was very important and i urge you to be careful. jason in ohio. >> caller: what's going on, jim. >> not much, how about you >> caller: doing great i want to thank you for giving the recommendation of disney last wednesday friday morning i made some mad money. >> fabulous, thank you we hit that disney well. i'm glad we did that one. >> caller: yes my questio

she's still working for lockheed martin to this day and she has no intention of leaving. >> very impressive. it is interesting the experience of this group of women. it is different than in many other nasa centers. they were really colleagues with the men they worked with. that's not to say there weren't some bad things that happened, as there are in every workplace but what i found was that for the most part the men at j.p.l. did support this group of women and we see that in their early publications so even in the 19 50's and 19 sixth, they were actually including the female computers on their publications and that was very rare for the time but it ended up making a big difference for their careers later on. >> i was wondering when the women were called engineers, did their jobs actually change or did their titles just change? >> their titles and salaries changed but their jobs really did not change. >> do you have any -- another question, meghann? >> right here. >> hi. so i actually majored in computer science. i have two degrees in computer science and i actually -- building on what she

my mother worked for lockheed when it was lockheed martin. and at one point, probably about was applying she for jobs in the mechanical engineering field. told that there were two things wrong with her. her age and her sex. that was outright discrimination in the hiring a woman who, at the time, had -- i believe she had a a masters ind mechanical engineering. she was still told that they her becauseto hire she was a woman. she's still working for lockheed martin to this day. no intention of leaving. so... >> very impressive. is kind of interesting the experience of this group of women, because it is different other nasa center. they were really colleagues with the men they worked with. and that, of course, is not to say that there weren't, you know, some bad things that are in everythere workplace. but what i found in my research is that for the most part, the men at j.p.l. did support this group of women. their earlyin publications. so even in the 1950's and 1960's, they were actually including the female computers on their publications. and

we have the likes of twitter and lockheed martin. all of them with better-than-expected earnings. question is did we set the bar too low or did analysts said the bar too low? we feel like we are asked that question in every earnings. david: analysts have taken down the estimate dramatically. a larger percentage drop in the average expectation of earnings. emma: they had taken them down and it looks like we are seeing a surprise to the upside, especially when you look at the likes of twitter rising above 16%. today they came out with better user numbers and better-than-expected resident, and lockheed martin doing extremely well as a whole on the back of their better-than-expected first-quarter earnings. similarly with coca-cola, that is expected to be a nonevent but fairly lackluster earnings that they would manage to be as well. that is what we are seeing driving us above those highs. david: coca-cola or's -- is organic growth but they warned us earnings would be flat. emma: they still of concern through the year. united technology doing better. they will see some difficulty becau

lockheed martin is raised and verizon raised they raise low single digits world pool -- whirlpool. >>is down a little bit it was at an historic high at the close yesterday. it had a great run for this year let's look we got about 20% of the s&p reporting so far we have 104 companies reporting today. they are actually -- these companies on average waited are beating 6% that's higher than normal. the amount they are beating by is higher than normal, almost 7% above what the actual reports are. that's why i am saying and had been saying for a couple of weeks that it is unlikely that we'll have the earnings recession. we are expected to be down earnings estimates about two weeks ago and now blended with that 1%. would that kind of beat going on, just 24% of the company reporting. it is likely earnings will be in the low single digit gain for the first quarter. that's quite a beat what we would have we are seeing some organic growth we had a discussion, procter & gamble reported 5% organic growth it is impressive it is hard to move the dialogue. everyo even coca-cola, 6% growth. hard to mo

. >> thank you >> caller: it have a uestion, i'm thinking about investing in lockheed martin. they're up over 25% year to date do you think they've run up too much >> no. that conference call -- that conference call was the best in the defense stocks a lot of people liked raytheon but lockheed martin is set for life with the f-35 it's gone through hard times, the hard times are over. it's for me. ford understands how the secular winds are blowing. the rest of the automakers, i'm not quite sure i'll see who can give you the magic touch following earnings then i'm sitting down with the man behind the revolution in the bond market. don't miss any guy with the ceo. rapid-fire, the next edition of the lightning round. stay with cramer >>> monday, kick off the trading day with "squawk on the street." live from post nine at the nyse. i consulted with your grandmother's doctor. we can do the screening at her house. hi. this is the man that's going to check your eyes grandma. cognizant ai solutions are helping healthcare companies advance diagnostics and prevent blindness in patients w

watchdog accused him of making statements regarding boeing and disparaging competitors such as lockheed martineen more than 30 years at boeing. vladimirun has asked putin for help in resolving a nuclear stalemate with the united states. the two leaders met in lot of us cap. putin says he will discuss it with the u.s. and the chinese. chairman kim's last meeting with president trump broke up without a deal to foreign leaders gathered for chinese president xi jinping's. another later and hungarian prime minister on the sidelines of the belt and road forum. developing nations have welcomed the initiative to increase trade by building forts and other facilities. the

thirty five fighter jets made by lockheed martin through a spokesperson the department said this quote pending an unequivocal turkish decision to forgo delivery of the s four hundred deliveries and activities associated with the stand up of turkey's f. thirty five operational capability had been suspended reuters reports that the d o d is trying to sell turkish defense officials on a patriot anti-missile system made by raytheon as a substitute for the s four hundred well meanwhile the turkish foreign minister is expected to attend a nato summit in washington this week perhaps making for some interesting discussions there especially in the wake of notable election setbacks for the turkish pressure the president and his.

been a good earnings season weak so far we've seen some strong beats by companies like amazon lockheed martin and coca-cola leading the broader markets higher however there is a key segment of the market that is lagging smallcaps in the past two months the russell two thousand has been much weaker with the end next down one percent since february meanwhile the s. and p. five hundred is up more than four percent here to help us break it down is danielle shea director of options at simpler trading welcome. thank you so much now this underperformance is really unusual we generally see smith cap stocks lead rallies as they tend to be less liquid when the market rises they get bid up quickly but we're not seeing that here why is that. you're right so we're not seeing that correlation and honestly i look back to last year and the way that the russell performed last year so if you remember in the beginning of twenty eighteen the russell was flying right what got hit so badly in the correction the russell and so for me when i look at this i say you know what after the correction when we had money pou

thirty five fighter jets made by lockheed martin through a spokesperson the department said this quote pending an unequivocal turkish decision to forgo delivery of the s four hundred deliveries and activities associated with the stand up of turkey's f. thirty five operational capability had been suspended reuters reports that the d o d is trying to sell turkish defense officials on a patriot anti-missile system made by raytheon as a substitute for the s four hundred well meanwhile the turkish foreign minister is expected to attend a nato summit in washington this week perhaps making for some interesting discussions there especially in the wake of notable election setbacks for the turkish pressure the president and his long ruling justice and development party in elections this past weekend. a china looks to be about to vastly increase purchases of american ports imports may rise as high as three hundred thousand metric tons of pork in twenty one thousand that would be an eighty one percent increase over the one hundred sixty six thousand tons imported in twenty seventeen truthfully tho

sixteen fighter jets made by lockheed martin corporation to taiwan is the first such sell since one thousand nine hundred two and while china may have preferred that the sell not occur at all experts say they are unlikely to uphold otherwise favorable trade deal over the sale of those jets and the president trying to right to close the us mexico border is moving forward mr trump made the threat on friday . twitter of course the president blaming mexico for allowing asylum seekers to apply u.s. ports of entry but here's the thing they are entitled to do so under u.s. law if the cross border traffic were truly brought to a halt the u.s. would lose access to roughly half of the imported fruits and vegetables it currently brings in meanwhile president trump has taken action to punish poor central american nations plagued by narco trafficking coups and other legacies of u.s. policy by cutting off seven hundred million dollars to three of mexico's southern neighbors el salvador guatemala and honduras white house chief of staff mick mulvaney dismissed the aid on the sunday talk show asking quote if

stronger than expected quarterly results from lockheed martin and procter and gamble also contntributed to those gains. major european indices so a more muted but still positive close earlier on fifty one hundred out performing in london. oil prices have hit their highest level since november reacting to news that the us is ending its waivers for countries that have been importing the funny in oil. international brent c crude closing at about seventy four dollars and forty eight cents per barrel used to be t. i. at sixty six thirty eight nations had been allowed to continue buying oil from tehran after washington reimpose sanctions back in november. three have since phased out their imports but china india japan south korea and turkey it'll requested further extensions. moving on from the days of the business headlines now on amazon is expanding its partnership with french grocery g giant cas. the deal will allow customers to pick up amazon orders at supermarkets selell casino brand products on the email commerce site. and expapanded delivery service with subsidiary moto free beyond the

lockheed martin has raised profit and sales forecasts for the year.y are raising the production of the fighter, now hitting a record $133 trillion. harley davidson posed to close higher than expected profit. the slump wasn't as bad as wall street had feared. president trump made harley the subject of his tweets again. this time, he blasted the eu for raising tariffs. inroup considering investing wire cards in exchange for a stake in the german payment firm. an agreement could be announced as early as this month. the financial times reported a wrongdoing at wirecard singapore operations earlier this year. that is your business flash update. speaking of -- -- speaking of softbank, we have to talk about the wall street journal piece on the softbank founder making a big bet. he pulled out at the beginning of 2018, it would seem, and lost a cool $130 million. if you've lost basically 40% bitcoin how much, say, came down from the peak in december to the end of february, quarter ofve made a a billion bet. romaine: that is what i found amazing, not just the l

august for an unmanned test flight in which its star liner capsule will run in conjunction with lockheed martin. boeing is looking at a manned launch toward the end of the year six months later than scheduled. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm paul allen. this is bloomberg. china and the u.s. her agent worth a deal and "making good headway," according to larry kudlow. the two sides hope to get closer andn agreement this week president trump is to meet the lead negotiator from china later. let's see where things stand with our executive china editor. what is happening? >> the latest we get seems to be more signs of a deal taking shape. we hear from people involved in the negotiations that there is discussion by both sides about making 2025 deadline for china to realize some of the commitments it will make as part of the new deal. is going on in washington today and tomorrow, and lots of signs things are taking shape. what are the sticking points? stillp discussing the ip being negotiated and verification is the other on

unmanned test flight in which it's caps on will write a rocket built in conjunction with partner lockheed martin. boeing is looking at a manned launch towards the end of the year, some six months later than originally scheduled. global news 24 hours a day on air and on tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. david: thank you. isll ahead, ethiopia preparing to issue an initial report and to last month's fatal plane crash. that is later this hour. rishaad: the white house economic adviser saying progress, but caution is the deal is still elusive. we will look at those continuing talks in washington. this is bloomberg. ♪ usn chinese trade negotiators are said to be crafting a deal that would give beijing until 2025 to meet its commitments. they will face tariffs if those pledges are broken. what: larry kudlow hailed he described as good headway, but warned a final deal remains elusive. david perdue told bloomberg key expects an announcement soon. waso have the extension healthy, because secretary mnuchin and robert lighthiz

lockheed martin has raised its profit and sales forecast for the year.y are reaping the benefits from higher production of the f-35 fighter. hit $133og has now billion. motorcycle maker harley-davidson reporting first-quarter results yesterday, including a slump that was less severe than wall street feared. the company posted earnings of $.19 a share, beating the consensus fo. joining us now is get a real coppola. is harley actually doing well? >> i think the way to think about it is they are doing less badly. sales in the u.s. fell for the ninth consecutive quarter but it was also the best performance they have had since the end of 2016. they are managing through a lot of difficulty is, not the least of which is the trade term while have seen around the world. vonnie: talk about the tariff impact. we know they have moved some production. are they able to continue operations in this haze of uncertainty, where there will be tariffs in the world? >> they have a plan and they are working on it. the biggest tariff heading for them is the eu tariff. iny have

cola, the likes of coca lockheed martin rising after earnings. exas instruments, a lot of focus heading into the after market trading. when you think about large, ductor socks at they're up more than 36% this year. so when it comes to a emiconductor giant like this, investors want to make sure that this makes sense and nterestingly enough, when you look at texas instruments, we did see a spike immediately in the aftermarket trading up about 5%, but we have seen it come back after the c.f.o. warned bout slumping semiconduct demand. this is reflective of where the focus is really going to be the rest of the week because we have microsoft, we have amazon, we have facebook all reporting earnings. that have ll names seen such large growth, specially in this month, so there is kind of a high bar set or them as we get these numbers. going on with energy stocks? sarah: crude oil up more than 45%. energy up a healthy 20%. return, e mad at a 20% but still many on wall street re asks themselves why are we seeing the large divergence. it's the widest in a de

watchdog accused shanahan of making statements promoting boeing and disparaging competitors such as lockheed martinahan spent more than 30 years at boeing. jong-un has asked vladimir putin for help in resolving a nuclear stalemate with united states. the two leaders met in vladivo stok. chairman kim's last meeting with president trump broke up in february in vietnam without a deal. libya has asked the united nations security council to investigate what it says are violations by the forces attacking the capital tripoli. officials say civilians have been displaced and killed, and private and public property has been destroyed. the complaint also claims children have been recruited to fight in the war. the one health agencies as the fighting has killed more than 270 people and wounded nearly 1300 to tip began earlier this month. the fbi and irs raided the homes of baltimore mayor catherine pugh and her city hall offices today. and they and five of her staffers are unpaid leave amid a scandal over her business dealings. marilyn governor larry hogan has called on her to resign. global news 24 hours a da

then we have lockheed martin to tell you about, reported a blowout quarter, earning $5.99 per share. $4.44 and lockheed also raised its full-year outlook. so lots going on in the green, in a positive way this morning. >>> let's talk more about this morning's earnings and whether there is room in the market for a melt-up. joining us is jim paulsen, chief investment strategist with leuthold group why do you think the wall of strategy out there is a good thing and what do you think is most likely to happen here >> i do see the continuing wall of worry this whole bull market, becky, started with a wall of worry and has never really totally gone away i mean, i think what we have now still, by and large. we just got an illustration right in your face of risk in the december swoon, up close and personal how quick and how ferocious a bear market can be that doesn't quickly leave the imagination of investors and then we had a technical inverted yield curve we're coming up here just in another month or two, we're going to be in the longest recovery ever in u.s. history, which makes you feel lik

lockheed martin up 6.5%. it's best day since 2016.hey put up a big beat and boost quarter and raised the outlook on f35 deliveries. raymond james depending the shares of hca holdings. qualcomm up 5%, think growth should return after the settlement with apple. finally, let's take a look at the chart in the bloomberg. this is interesting. we have the dollar stronger on the year. this goes back greater than a year. we have seen yellow, the dollar, climbing. stocks climbing with it but commodity still lower.lower on the day, to o. commodities also risk on, but today lower. over the time period, lower. interesting to see how this results. big moves. lots of volatility over the last year. there can be more ahead, guy. guy: thank you very much. let's get back to brexit. a nice holiday away from brexit, but now theresa may is facing the latest challenge to her leadership just as parliament returns. we got a meeting of back pension mp's. theoretically, they will ask theresa may for another year. but there can be a rule change. that is what the

lockheed martin building the fighter aircraft and as you see, we are still seeing gains, pretty much in line with the broader market gains we have seen today. april, folks, ain't nobody's fool. no, no, no. major averages higher today, we are close to the session highs. 290 up for the dow jones industrials and similar gains for the s&p 500 and nasdaq as well. >>> china and the u.s., both economies still growing. two largest in the world, starting off the second quarter with a pretty strong gain. oil prices are red-hot today as a result. futures hitting a 2019 high. we are above $61 a barrel. touching its highest in more than four months. that's on surprise, chinese manufacturing growth. first time we have seen gains in three months. speaking of china, positive news from its territory and the gambling mecca of macao lifting shares, including wynn resorts. u.s. casino shares are cashing in as the march for gambling figures coming in with a smaller than expected decline. that's better than expected, folks. this is not something that you hear every day. we are talking about technology and

for a flight, in which it's star liner caps on will write a rocket built in conjunction with lockheed martinoking at a lunch for the end of the year, some six months later than scheduled. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. i am selina wang. this is bloomberg. ♪ shery: we could be headed toward a risk rally in the asian session as we see more optimism toward a softer brexit and trade tensions easing. sophie has the latest on the market. pulling up the board, it looks agree could be bracing for more of a mixed session in asia. take a look at kiwi stocks extending losses for a second day. a tepid start after the benchmark cap a seven-day run. is the best winning streak since october, 2017. again, we could be looking at modest gains. flipping the board, to check in on the aussie dollar. -- positive sentiments from the u.s. china trade talks, as well as supported by iron ore hitting a five-year high. increasing concerns that prices will be drawn out and regulators have ordered dozens of dams to be shut. trading is getting unde

for example, lockheed-martin, a defense company. they exceeded expectations. twitter finally found their footing. that proves to be a strong stock. and carrying the other social media companies up with it. some of the staples that we think of. united technologies, procter & gamble, coca-cola. all of these. so far we're still let's say relatively early in this earnings season. that's to say only about 21% of the s&p 500 companies have reported innings. of that group, neil, 78% have exceeded wall street's expectations coming in stronger and posting stronger than expected earnings results. and we also had new home sales a little surprise uptick in the data. we have to assume the fed keeping the benchmark rate low has encouraged more potential home buyers to come in. bringing the s&p 500 and the nasdaq very close. we have to wait two more minutes to get the final numbers. near record highs, neil. >> neil: thanks, deidra. the dow jones industrials 170 points from record territory leached last fall. we'll see if that completes the trifecta tomorrow. a lot of the 202

we have companies, look at these numbers, we have companies like lockheed martin and united technologies, and pulte group beating by double digits we have strong beats for whirlpool and nucor the steel company. average beat is 3% on the s&p 500 so these are way above usual and another sign analysts cut expectations too much in december on fears of a global slowdown that haven't happened the guidance is also up, all the major companies either raised guidance or affirmed their full-year estimates. in a sense, if you want to look at this the right way we're back to where we were in late september at the old highs look at what happened this year. so far, 448 companies. 90% of the s&p 500 is up but wait in the fourth quarter last year it was the opposite 438 were down. this year, only 54 companies are down, that's 10% but wait in the fourth quarter, only 67 were up. it's an exact mirror image, why we're back to where we were in september. what is missing from the rally i see three things i need more individual stocks to break out, 13 new highs in the s&p, that's not going to do it we also nee

of that, but what i will say in termses of what you can still buy defense stocks and look at lockheed martine i missed it no, you haven't missed it and there's probably still another 10% to 15% to get us back to where we were and before we mentioned the fall >> why don't we want to buy technology, the market leader. at this point, don't you want to buy? >> what do you mean? >> i mean, s&p 500 -- technology stocks, and start with that because there are a lot of people out there that are exposed through etf or anywhere else you want to go, anywhere that has this notion of idiosyncratic growth >> those are names that i would stay away from because if we're starting to see growth come back you don't need the idiosyncratic growth you need companies that are exposed to the cyclical upturn so you might see a rotation. that's what we're seeing a lot of even near the lows and when we thought the economy was going into recession, you saw a bid in apple and some of these names because they have that idiosyncratic. here, you sell those and if you want to be long, maybe you do buy some of the banks and s

too much in december and you see what's happening today when you get united technologies and lockheed martiny double digits, those are very large beats, unusually large because the analysts cut too much and now everybody says, okay, maybe we were wrong on that i think there's two or three things missing number one, we need a breakout on the major index, the s&p, we're sitting right near there number two, we need more individual stock breakouts it's actually pretty modest. there's not a lot of stock breakouts. yesterday microsoft was the only new high on the dow jones industrial average and finally, art and i go back and forth on this for months now. the volume it's been terrible volume has been very, very low for a while now and a lot of us are just saying forget the volume we should look at the dollar volume of trading rather than the volume of individual stocks because frankly, you've got companies that never split their stock right now so you've got thousand dollar stocks sitting around like some of the f.a.n.g. names and so the volume looks on the low side. i'm not sure that's as valid a

lockheed martin skunkworks is the designer of the u-2 and the sr-71. >> on december 9th, 1954, the go-ahead given, and lockheed's chief engineer, kelly johnson, called together his tiny, 26-man special projects engineering group. here were the problems they faced -- to design, build an airplane, and fly it in eight months. an airplane that would cruise well above 70,000 feet, one that would travel almost as far as a b-52 and remain in the air for ten hours. a plane that would be completely reliable with forced landings out of the question. a plane that would be the world's most stable aircraft for high-altitude photography. >> in the display case here, we've got, again, u-2 models, some photographs, u-2 shirts. one of the models that was produced in the '50s. the black cat insignia on these two plaques helps to designate the u-2 program and the u-2s that were flying over china during the cold war. but what a lot of people don't realize is the americans did not only fly the u-2 over the soviet union. they flew it over other foreign hospital i hostile countries, iraq, iran, eastern european c

lockheed martin up 5%. ashley: $133 billion backlog of orders.lthy. >> very big company. stuart: price of oil this morning is i think $65 a barrel, right there, $66, it's reached this morning. look at gas. $2.84 is your national average. i think it's on the way to $3. big impact on the economy, do you think? >> no, it's not slowing down the economy at all. the economy is fine. it's too strong for gas prices at $2.80 to $3 to affect. stuart: okay. $3 gas, i think we will get there. $66 on oil. right. tesla's chief elon musk promises a robot fleet of tesla taxis by the end of next year. susan: wow. ashley: here we go. stuart: down five bucks at $257. pass judgment. >> i respectfully disagree with elon on this one. i don't see how it's going to be happening in a year or two years or three years. it just seems to me like he's trying to appeal to buyers. stuart: i think so. susan: also, misdirection and distracting away from the main problems at the company according to an analyst today. no way he will deliver 100 million. stuart: on the left-hand sid

lucky is having their own issues with helicopters -- lockheed martin is having their own issues withicopters. this is the first day that the andis open to shortselling bears stepped in and took position. there is a positive sign that may be the worst of the selling for now is over. this is reminding everyone of the u.s. boom oil record production. $70 a barrel. trade talks are being a factor. dayhen you look at the five touchedu can note we 70, it looks like we were above 63 and then came down. brent was above 70. you can see a bullish chart for brent and west texas. they are above or at their average and that gives an indication that rally has more room to run despite pullback in the latest session. around the world have come back after sinking in march. where they go from here and , we are find value seeing the treasury rally on see but we continue to expectations and given that the fed is being very patient, the yield could be falling instead of rising. where do you find value in this environment? >> i think the best opportunity is in longer data u.s. dollar denominated high-yield

we are working with lockheed martin to decrease in order for us to have a balanced force in the future. there has been some progress, but we believe more progress needs to be made in reducing the operations sustainment costs. there's no question about it. >> we'll have more discussion on these, the impact of turkey and the missiles they're looking to purchase will all factor into this. thank you for your testimony. i yield become back. >> thank you. mr. scott? >> thank you, mr. chairman. getting back to, i think it was, steven covey, keeping the main thing the main thing. in just under the past six months, hurricane michael hit the coast. congress has yet to be able to pass a disaster bill for that region. in just over six months, secretary shanahan you will be responsible for executing a departments of defense at the sequester caps if there is not some type of agreement made. by my calculation, that's somewhere around 60 legislative days between now and then. so my question is, if you had to execute a budget at the sequester caps, what would that impact be? >> it would be very difficu

the s&p 500 index market new milestones as twitter, lockheed martin, and hasbro rose unfavorable first-quarterarnings. but do fundamentals actually support these valuations? joining us now is chief economist at unicredit. great to have you on the program, even if i am far away. what do record highs tell you? are you worried that stock and thatrformance -- it is stock market performance rather than anything based on fundamentals? >> it seems to me a bit of a sugar high. america is still fueled by this andrmal's fiscal spending the insistence of a central bank that is proactive in being stimulative. fundamentals,ying we still think we're looking at a slowdown this week in valuations, for me, are very high. francine: some kind of slowdown that would be dangerous? is there a worried the fed looks at the stock market and tries to cool it off? erik: yeah, you never know these days. there's so much discussion about political influence. but i still think they will keep heads cool. the fed, side is that or any central bank, cannot drive the stock market, percent -- per se. fundamentally, they cannot un

lockheed martin, 30% above expectations good heavens haven't seen that in a long time they raised their numbers. united technology 12% above expectations they've raised their numbers whirlpool 8% or 9% above, they affirmed their full-year guidance coke a little less than that but still beat and they affirmed their numbers. all of them trading ought to the up side. s&p set a new high, only 13 new highs on the s&p they're good ones. mcdonald's set a new high, mastercard, disney, norfolk southern among the railroads there are four major reasons why the markets hit new high number one today you saw it earnings stabilizing and in fact doing better than expected number two, the recession fears fading a bit number three, china bottoming and europe stable. and finally you know that the fed still accommodating. where do we go from here let's say we close at new highs. remember we heard from industrial stocks a little bit and the banks, a few consumer names. we're going to hear from technology stocks, global names, energy and health care remember, health care has become the problem child for the

we talked to marilyn houston from lockheed martin, talked about putting $100 million back into trainingfrom the tax relief, healthcare paid for, more benefits. r & d investment went up dray dramatically. that drives growth in jobs and wages. >>> people don't tie it back to the tax cut. it is driven in large part by it. maria: businesses investing in the economy, that cycles through. >> a lot of focus on the share buybacks. that's the easiest first thing to do. the supply chain changes that are coming, once the trade issue is taken care of -- brexit is a hangover issue, when those things clear up, then we'll be more certain and there will be more investment in splie chain. supply chain. we'll see greater investment in the u.s. and across the world. maria: capitalism and social socialism, that kind of backdrop lifts many boats out of poverty. >> we're coming up to an election. socialism, capitalism, those are big statements. it will be hard to see the changes you see the democrats proposing, i think they're trying to stake territory. maria: thanks so much. quick break and then chase bank

adversary in every sense of the world, not just trade, foreign policy, militarily, exact copy of lockheed martingoing to walk away from that it's going to be tough to do. maria: it is a culture, i don't disagree with that. that's what is holding up the talks, the fact that trump administration is trying to get an enforcement mechanism in place that can snap back tariffs or whatever it is to -- to should the chinese steal again and go back on the promises that they are making but they both want a deal, i would say a deal happens. >> well, the math does not work for them and i think they understand that and they want a deal, but they have a history of dragging their feet and enforcement will be a key issue here, can we really enforce them? we will be back at bargaining table at some point. maria: all right, david, great to have you insight. european union clearing the way for former trade talks with the united states according to reuters after president trump threatened to slam $11 billion in tariffs on the eu, joining us right now director of heritage foundation, margaret thatcher, center freedom