the other thing i would just note, unrelated to this, 114,000 workers for lockheed martin.g to go in as essential workers given national security in the middle of the pandemic. the other half have been working remotely, and they, and you're following this as closely as i am, they are looking at and basically adopting a more hybrid model for those employees. including offering some of those employees that have been working remotely the chance to work longer hours over a four-day workweek rather than a five-day workweek >> interesting >> yeah. >> it does go to that new sense of flexibility that employers are going to have to offer given the last year. . >> yeah. all right. carl >> all right guys, keep your eye on canopy growth company announcing a deal with wine and spirits distributor southern blazers making a distribution for the cbd infused beverages. more "squawk on the street" continuing after a break that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certain

>> so the one i want to highlight here is lockheed martin.ight now the biden administration wants to hold flat the defense spending budget. that ain't going to work. china is not. that is a tough place. lockheed martin is number one with the f-35 program, the sikorsky program. they have a backlog any other company out there would dream and drool for. only 14 times earnings, 2 1/2% dividend. i don't see how you go wrong with lockheed martin. 440 a year ago. now 390. buy it, put it away. charles: david, while i have you, big time manufacturing renaissance. it is amazing. philly fed, empire state did extraordinarily well. how can we leverage that? >> industrials. all the industrials i think make sense because people are moving, taking advantage of these low interest rates. they will be spending cap-ex and so forth. so your caterpillars, your deeres which already have done well will continue to enjoy this tailwind from manufacturing. charles: you know anytime we get euphoric like this i like to bring it back, hey, what are the risks? alicia i thi

it's under treasure today, down more than 1.5% lockheed martin below estimates.of 656 per share boosted in part in gains by the venture arm which involved three modest investments that went public through what else, spacs in the quarter across the portfolio toe and margin performance in line with expectations the outlier being space. it saw a decline since the rocket venture with boeing no launches in q-1 versus the same period last year. ula making news as amazon's new launch partner to deliver some of the broad band satellites to orbit as part of the $10 billion kieper initiative. shares of lockheed martin down about 1% don't miss my exclusive with the lock lead martin ceo this is the first interview since becoming ceo last summer it will air tomorrow in this 'lbeasrn:00 a.m. ete wel right back. stay with us ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ i have an idea for a trade. oh yeah, you going to place it? not until i'm sure. why don't you call td ameritrade for a strategy gut check? what's that? you run it by an expert, you talk about the risk and potential profit

. >> this research scientist leads a special teammate lockheed martin advanced technology center. samantha design and build the geostationary mapping light instruments now want to weather satellites currently in space. we met her a few years ago when she gave us a tour of the lab. the instrument she created provides crucial and continuous weather observations are tracking a storms development in real time, >> it's kind of like your baby. you have seen it grow and progress. >> it was some ideas and some powerpoint charts. we started actually designing it and building it, and then it went off to become part of the spacecraft. we launched the spacecraft. it's like graduating from college and going off and getting a job and now it is helping people, sending data down. >> she recently shared how her work observing the word -- earth's atmosphere gave her a unique perspective. she spoke about the moment she saw the first images of earth from her instrument in space. >> when we open the door and atlantic. the earth is just so amazingly beautiful. knowing that somethinga toh y handif it sp

getting major pressure from some of the biggest military contract holders like raytheon northrup lockheed martin to name a few saying it was wrong to withdraw but they were using this based on human rights and women's rights on the other side of the aisle senator mitch mcconnell and lindsey graham also chimed in saying leaving would be a grave mistake so will by did accomplish this goal and does this have anything to do with what is going on in ukraine currently give us more insight we into the issue we welcome former naval intelligence officer official john jordan john thank you so much for joining us this is a developing situation in this case obviously today i have to think with everything going on right now why to day do you think it was that you we saw joe biden decide today i'm going to announce like the last 2 presidents have done that we're going to pull our troops out and when. well the by administration is having a tough few media cycles with the crisis at the border the j.n.j. back seen in the need of a good story and for them withdrawing or retreating from afghanistan is something th

made it more like a traditional aerospace company much closer to boeing or sierra nevada and lockheed martin. it's interesting because there are some parallels in 2006 elon musk hired his first ceo from see lunch that was partly owned by a knowing. and he was very much a traditional ceo. that you go from startup to a bigger company. he lasted nine months because he didn't fit in with the culture. people on the floor were wearing shorts and t-shirts and flip-flops. elon doesn't care. get your job done. him and elon clashed and he was gone pretty quickly. >> why do these inspire us? >> i think the one thing about spaceflight is it can be a very unifying experience. at the outset it was clearly cold war. the soviets and united states kind to show the supremacy of the government. the since the early eighties we have worked with the soviets and the a russians in space. it has been a unifying adventure. over the last decade as our relationship with russia has grown worse, nasa has gone right along with the iss working very closely with russia for the last decade obviously americans got into space

more like a traditional aerospace company, much more closer to a boeing or sierra nevada or a a lockheed martin thank you a spacex. it's interesting there some parallel history. 2006 elon musk hired his first ceo, a guy named jim mazer from sea launch which was a large company partly owned by boeing. so a traditional launch company, and he was very much a traditional ceo sort of coming in, being the adults in the room you go from startup to a bigger company. he lasted nine months because it didn't fit in with the culture. people on the floor were wearing shorts and t-shirts and flip-flops, which elon doesn't care about. he's like get your job done. as i say he and elon clashed and he was gone but he quickly. >> all right. this is from bruce. our world is deeply divided today with space and space travel. why is that? well, i think the one thing about spaceflight is, it can be a very unifying space. at the outset it was clearlyd war type thing. it was the soviets and the united states and we're both trying to show the supremacy of our various forms of government. but since the 1990s, 1980s we wor

another name would be the lockheed martin that big portfolio if aerospace whether it's defense, commercialnes we see the global macro environment out there now. lockheed is right in the sweet spot there the third one would be morgan stanley. the financial companies hit great numbers today. we're expecting big numbers from morgan when they report. great portfolio financials, whether it's asset management, underwriting, ssyndication, tradings, et cetera. well below the current market multiple we think they are good long term opportunities. >> five picks managers kim and michael, thank you both for joining us. >>> coming up, the fight between kohl's and activist investors is over. >>> before break, look at coin base shares. those shares trading up about $385 well off the session highs up about 54% reference price 250. we'll be back after this is shug down the office for mike's retirement party. worth is giving the employee who spent half his life with you, the party of a lifetime. wealth is watching your business grow. worth is watching your employees grow with it. principal. for all it's wor

tuesday we have johnson & johnson and lockheed martin.lix plus apple's first product unveiling of 2021. thursday a big day. earth day and president biden's virtual climate summit will be kicking off. thursday is also ecb day plus earnings from credit suisse and intel. basically will not sleep or does go to three days. get to sleep over the weekend. in the meantime, harvey pitt will be joining david westin. former sec chair joining balance of power on bloomberg television and radio. if you're in the u.k., tune into bloomberg radios the cable show at the top of the hour live on the bloomberg and digital radio. if not, have a wonderful weekend. catch you monday. this is bloomberg. ♪ david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power," where the world of politics meets the world of business. i am david westin. united states is today imposed sanctions on russia -- that is the wrong prompter. let's get a market check with abigail doolittle. there is movement around but do

more like a traditional aerospace company, much more closer to a boeing or a sierra nevada or a lockheed martin than to a space item, and. space, and. it's interesting, parallels in history, in 2006 elon musk hired his first ceo, a guy named jim nazer from sea launch company, a company partly owned by boeing. and he was very much a traditional ceos, sort of coming in as the type of adult in the room that you go from a start-up to a bigger company. and he lasted nine months because he didn't fit in with the culture, you know? people on the floor were wearing shorts and t-shirts and flip-flops which elon doesn't care about. he's, like, get your job done. and as i say, he and elon clashed. he was gone pretty quickly. >> all right. this is from bruce. our world is divided today, yet space and space travel and stories inspire us. why is that? >> well, i think, i think the one thing the about space flight is it is, it can be a very unifying experience. at the outset it was clearly a cold war type thing. it was the soviets and the united states, and we were both trying to show the supremacy of our var

lockheed martin is in there. in there guy adami what do you think 1234. >> they're going to need a lot of roto 'tillers on the moon and you got to watch something so netflix. know what you own, absolutely. i'm not going to cast a spirgss on the etf but the stock is amazing in earning whether in space etf or not, deere and company makes a lot of sense. >> yeah. nadine 1234 -- >> when we own etf we want a specific exposure. i am not looking for cross asset potential correlation. in kathy's etf they also own 3d printing etf in it that makes me nervous. she's a smart lady and i wish her well but when we use etf's it is to gain specific exposure so i prefer things more clean. >> tim, the case can be made that deere has technology and is innovative but you could make that case for almost every case in the s&p 500 because everyone uses technology and sensors, you could make a lot of cases that a lot of companies are innovative. >> yeah i think part of this is a dirth of pure play ideas to bet on space defense names are

said they would mandate them 57% said they strongly encourage them and that's what we heard with lockheed martin here's what they said about why. >> i think people have strong opinions about vaccinations. even if you talk about flu vaccinations so our initial approach was, let's find a way to encourage employees to do this it is the right thing to do. we don't have a need to mandate it at this point. >> but, guys, i also spoke with tiger connect today with 250 employees and they provide tools for communication for health care ecosystems and they told me they're planning to require employees to get vaccinated in order to go back and work in the office and they said this is voluntary. if they want to work remotely they can do it but one of the first i heard of a requirement if you're in the office you got to get a vaccine guys >> a couple of questions quickly if i might, meg. when we say 200 million vaccinations administered that doesn't mean 200 individuals are fully vaccinated does it? >> no. it certainly doesn't because of the majority of those shots would have been the two-dose vaccines from m

i spoke with a research scientist at lockheed martin in palo alto.he designed the lightning mapping instrument which is on two noaa weather satellites currently in place. she shared how her work observing the earth's atmosphere gave her unique perspective on our planet. she spoke about moment she saw the first instruments of earth from her instrument in space. >> when we opened the door and got our first images, it was sunrise over the southern atlantic. and the earth is just so amazingly beautiful. knowing something i touched with my hands is in space taking data and i got to see even just the raw images, they're so beautiful. know, u y maunderstaly yourin t nothe universe but you are certainly somewhere very special. >> it was so amazing to her. if you would like to hear more from samantha and more on her incredible work, be sure to watch my in depth story tonight at 5:00. >>> let's talk about the earth's atmosphere, love studying, observing, and forecasting it for you in the bay area. we are looking at fog especially around the coast, around the b

the deal includes the sale of lockheed martin f-35 jets and armed drones.cr anti-war groups and progressive lawmakers have called for the u.s. to stop all arms sales to the uae over its involvement in the saudi-led, u.s.-backed war in yemen. ukraine says 40,000 russian troops have amassed on its eastern border, prompting some to warn russia could be preparing for war. another 40,000 troops are in annexed crimea. but others say russia is sending its soldiers to the region as a show of force and intimidation to ukraine and its allies. the u.s. and nato have vowed to support ukraine, though it is not a member of the alliance. analysts also say russia could be seeking a distraction from domestic issues, including the imprisonment of alexei navalny. meanwhile, defense secretary lloyd austin said tuesday the u.s. military will increase its presence in germany -- a reversal from the trump administration's plans to withdraw troops. austin said the move reaffirms u.s. support to nato and "improves our ability to surge forces at a moment's notice to defend our allies." president biden has sent an uno

i'm an action alerts club member and my stock is lockheed martin. i purchased it on weakness last week based on the chart. the weekly chart and aerospace industry what do you think? >> it's jim and remember him from american tower and we think he's just money. i like him he's got a 2.6% yield and great order book i say you're absolutely right. hold on to it and buy more if it comes down carter in virginia, carter >> caller: jim, it carter. i want to get your feelings on freeport we have the earnings next week and a good gold man report today. >> yes, we did the stock is up very big today and i got to tell you, i'm a little concerned rich is very conservative when he speaks so when he reports, he may actually knock down the stock himself. nice guy, though anyway, the true believers in these cult like assets refuse to sell no matter what and i think this thinking will ultimately prove to be a bit of a dangerous sign all eyes on the coin base ipo, i think it's time for an ipo oh no we're revisiting tech ipos where it was proven right and time to pump t

the perils of complacency was chaired by the former ceo of lockheed martin, and the former science advisor to president clinton. we call this the science and technology action committee. you can tell by that name, where deftly scientists and not marketers. our message was so clear, and build upon so many other reports and calls to action over the last decade, we really just had three recommendations. the first was to elevate the science advisory into the cabinet. everything involved science today, science and technology. i'm really excited to say that has happened. the second was to provide authority and dollars for the science advisor to coordinate action by the 20 plus federal agency that to research. if you're going to attack climate change, batteries, energy storage, you have to have coordinated activities. the third, and really important, to substantially increase federal investment in science and technology. from the low point where it is today, 0.7% of gdp, to at least 1.4% of gdp as soon as possible. the elevated leadership, the coordination of activities, and the funding increases

years ago during the first space race to the moon it would have been the big guys, boeings, lockheed martinshrop grummans. this shows you where we are today. morgan, great to be with you today as always. >> thank you, you have a great weekend. thank you for watching "power lunch. >>> welcome to "the closing bell." i'm wilfred frost along with sara eisen record highs for the s&p 500 for its fourth straight week of gains. a key early read of consumer sentiment hitting a one-year high for april and housing starts jumped to a 15-year high. morgan stanley and pnc among today's reports. next week we'll have a

. >> reporter: at lockheed martin with 114,000 employees across 50 countries, that means more flexibility. only half the work force will be fully back in the office 10% will work from home full-time, and the rest will do a mix of both. offices will look different, too, beyond increased spacing and better ventilation automaker ford has completely redesigned its work spaces gone are designated seats. what's new, spaces that enable collaboration between workers on site and at home >> if there was a silver lining to covid as tragic as it's been for so many members of the community, it has been as an accelerator to rethinking how we work. >> reporter: most businesses have signaled they'll start bringing workers back in a staggered way over the spring, summer, and fall, as vaccinations pick up and cases it hopes declines. and while it's clear that vaccines are key to getting back to normal, most employers draw the line at requiring them the law experts say it could be legal. only 3% of businesses say they'll mandate vaccines, according to a march poll from employment firm challenger, gray & chr

we're waiting on others, procter & gamble, lockheed martin as well.do assess the earnings? >> everyone is going to beat earnings, everyone is going to have really good growth potential on the next quarter. that's the easy story. the harder part is what are they really going to do with it? how much better is it going to be? procter & gamble, they made a lot of money last year off hoarding and things like that. all they were doing is taking this year's profits and pushing it into last year. that's probably not sustainable. that's not a reason realistic business -- realistic model that you should see them do really well. johnson & johnson, let's be honest. they don't make a ton of money off the vaccine. that that is emotional reaction when you see stock price go back to that. you can take advantage of that because they make their real money on medical side for the most part and that is more elective surgeries are coming down the road. that pulled back huge last year. you will see a big push this year. i'm sure they're going to talk about it in their earn

the award, an upset for jeff bezos's origin, which included a team with lockheed martin, and draper,in 2019, their prototype was based after this, and a blow with, nasa choosing just spacex due in large part to budget constraints with spacex submitting the lowest bid musk got more funding for the reusable starship system already under development in texas the human landing system is part of nasa's artemis system to return astronauts to the moon in 2024 all of this ahead of the nasa crew 2 mission scheduled for this thursday. the third to bring astronauts to the international space station which again, speaks to the relationship nasa and spacex have now forged as that company is already entrusted with carrying humans into space. >> and clearly in a position to deliver most efficiency, i guess, when it comes to cost. >> yes. >> perhaps given because they have done so much more than anybody else. >> cost and the fact that they have taken a lot of the risk on. they were already well into development with that starship system they have done a number of high altitude flights, though i shou

now it seems to be and we heard the comments and something similar from lockheed martin last week thate defense budget you're seeing it play out in the earnings especially the names that have both commercial business or business jet business and defense have performed very well and are very much in focus right now for investors. >> guys, as we go to break, look at shares of microvision down after reporting a wider than expected quarterly loss although off session lows. the dow at session lows looking at a second consecutive weekly loss, and possibly the worst weekly loss in a couple months we're back in a moment the pursuit is on. the pursuit of outperformance at pgim. with deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. ♪ ♪ i had the nightmare again maxine. the world

years ago during the first space race to the moon it would have been the big guys, boeings, lockheed martins, northrop grummans. this shows you where we are today. morgan, great to be with you today as always. >> thank you, you have a great weekend. thank you for watching "power lunch. >>> welcome to "the closing bell." i'm wilfred frost along with sara eisen record highs for the s&p 500 for its fourth straight week of gains. a key early read of consumer sentiment hitting a one-year high for april and housing starts jumped to a 15-year high. morgan stanley and pnc among today's reports. next week we'll have an even busier week of earnings. netflix, coke, ibm and many other companies revealresults. check out the price action in gold, higher again today and reaching its best level in nearly two months to cap off a fairly solid 2% gain for the week, for the shiny metal. 59 minutes left in today's session, sara. >> good week for stocks shaping up as well, up 1.4% on the s&p coming up on today's show, the ceo of pnc bank joins us to discuss a new initiative they're doing to help customers avoid o

and as far as the etf, they have lockheed martin in there, general dynamics, a lot of things that havegoing forward. and elon musk, there's not enough standing ovations for this guy. and now, as you said, we don't have to depend on the russian soyuz spacecraft anymore, and that's big stuff. neil: yeah. that says a lot right there. ing final word on that, gary. ann, i want to thank you as well. we've got a lot more coming up because it looks like the market is shooting for the stars. see what i did there? look, it's the best i could come up with. after this. ♪♪ paradise, paradise ♪♪ lately, it's been hard to think about the future. but thinking about the future, is human nature. ♪♪ at edward jones, our 19,000 financial advisors listen and work with you to create personalized investment strategies to help you get back to drafting dreams and building your future. edward jones. it is time for investing to feel individual. (vo) conventional thinking doesn't disrupt the status quo. which is why t-mobile for business uses unconventional thinking to help your business realize new possibilities

>> northrop grumman, you can say this about lockheed martin or l 3 harris, all of these companies thate even primarily defense focused, that, yes, those stocks for better or worse, whether they should be or not from an investor standpoint, have been trading in line with expectations around that defense budget the expectation now is -- there had been fears and you saw the stock sell off because there had been worries that you'd see a biden administration come in and cut that budget pretty aggressively that has not been the case flat is the new up for those budgets. warden certainly believes that is going to be the case. albeit at these elevated levels we've seen in recent years for defense spending, but northrop grumman specifically with some of the big ticket programs that it has right now, again, as another analyst mentioned to me is poised to become the fastest growing defense company over the next decade given everything we're seeing with nuclear deterrents in space and the like. >> and the stock is up 3.8% over the last week. >>> it is time now for a cnbc news update. rahel solomon

. >>> lockheed martin out with results, representing 16.2 billion. 16.26 per share.g sarls were flat. we're flush with cash. last month's broad jericho individual relief package. they're more likely to hear about it in general this earnings season on the proposed biden defense time line. it's clear the intention is to focus on the concept of deterrence lastly on proposed corporate tax changes, many moving parts including the r a&d and foreign derived intangible deduction warning that these changes could have an impact in lockheed's investment in the future and something to watch in the industry more broadly. later today i will note iwill be sitting down with jim taiclet for his first broadcast interview since taking the helm at lockheed last summer. in the meantime, let's get to dom chu who has other movers this morning. >> we're going to keep a focus on your market minute. we have three coming out this morning that are going to influence some of the trading so far today in this morning's pre-market session on the dow futures. you can see first of all up about 1/4 an

lockheed martin, defense contractor, mixed guidance looking for relatively small growth in the near-termoctor and gamble, people holding onto their pandemic cleaning habits. they expect sales to grow 5% or 6%, they will increase prices on a variety of products. nonetheless the stock is down. >> a big issue, rising costs -- stuart: base products going up in price, what we don't see but it pressures ceos. procter & gamble down one.7%. i want to look at ibm, they posted the first revenue growth after four straight quarters of decline, made two cloud consulting acquisitions in the quarter. investors like the stock, now it is up 3.5%. united airlines reported after the bell yesterday. i see them down. >> they lost almost $1.5 billion in the first quarter of this year fifth consecutive loss of that will takes in time but united does expect to start making money. he is the theme from these earnings or ceos complaining about higher cost, jet fuel and how it impacts earnings with these airlines going forward. p and g talking about input costs, they have to charge more for their customers, same fo

reason not to mandate the vaccines, even though it could be legal to do so but we talked with lockheed martin'syou know, mandating them is not something that they feel like doing right nowand h didn't say anything about the fact that it was only cleared under an eua it was really more about sort of the sensitive nature of mandating a vaccine and he even cited flu vaccines that can be difficult. it might be an uphill battle to do that, and employers really seem to be counting on encouraging their employees to get vaccinated instead of requiring it >> meg, thank you. good to see you. >>> coming up, when we return, we're going to talk about the tight housing market an ipo coming to market today with the ceo of real estate tech firm compass stay tuned, an interview you don't want to miss you're watching squawk on cnbc >>> welcome back, real estate tech firm compass is set to begin trading on the new york stock exchange today, selling shares at $18 a piece. the low end of the range, already downsized. joining us to talk about all this, robert reffkin, the compass founder and ceo. dprachlation dprach