the white house, ranging from cowboy boots to lockheed martin f 35 fighterjets. boots to lockheed martin f 35 fighter jets. before boots to lockheed martin f 35 fighterjets. before we get to that, alphabets, google's parent company, announced quarterly earnings later today, and also whirlpool, who fought hard for tariffs to be put in place on steel and aluminium. this a nalyst says place on steel and aluminium. this analyst says his expectations for whirlpool. whirlpool is very interesting because they had specifically appealed for relief from what they see as unfair competition in terms of dumping washers and dryers and since then the stock is down 15%, is consumer prices are up 20%, and what they are feeling the effect of is not helpful trade practices from the united states in terms of what they would do with lg, but they are feeling the price of steel and aluminium, and it isa price of steel and aluminium, and it is a good example of how the trade war works its way through the system. and once these other tariffs

look at russian fighter, looks exactly like a lockheed martin f-35.on't do something now, when we will do it? trish: my certain, john, if you allow this to continue with completely unchecked, you will not have the kind of economy that we have right now. you will lose that position to china. >> that's exactly right. the market believes that if it begins to sell off, deeply, in response to troubling news on the trade front that would tell the trump administration to go more slowly, perhaps reconsider some much its positions. but as it stands right now the u.s. economy is doing great. china is not doing that well. europe is not doing that well. trish: does that give us more ammunition, so to speak, dealing with them in this trade war? don't forget we're their biggest customer. the world's biggest customer. >> i think the president is getting results. lastly last week german automakers, told to the constituents, go to the politicians, cut a deal, make a deal. some people are talking about no tariffs. that was teased by the president back at g7 in canada n

last week's ceremony with lockheed martin on celebrating the partnership with turkey on the f 35 that the state department did not send a representative to this ceremony. i think it is part of trying to send a clear message to turkey about what our views are and i do know that there is some confusion about whether planes have been delivered. it is my understanding that dod officials have said that we have already begun delivery of planes. it is my understanding that that is not the case. can you confirm for us whether any planes have been delivered to turkey? >> as you probably know senator, the u.s. maintains custody of aircraft until they are transferred which normally occurs after a lengthy training process. in my view, that is helpful to us in these circumstances because it gives us time to continue the messaging. we are in the training phase. we have watched developments on the hill. we know some of what is being

he was thrilled that lockheed martin brought the f-35 fighter jet and didn't land it but brought it to the south lawn. that is remarkable product. he has been aware lockheed martin and apple are planning big investments in manufacturing right here in the u.s. >> after many years of decline american manufacturing is coming back, bigger, better, and stronger than ever before. it's happening. we're in the midst of a great economic revival. 95% of american manufacturers which i love, that is what we love, manufacturers, are optimistic about the future. that is the highest level ever recorded. reporter: president put that in context with trade back and forth not only with the eu who he will meet with officials on wednesday but also mexico and china saying he believes this is all going to work out in the end but he is is not going to give up on negotiating a better deal for u.s. companies on trade overseas, saying he will fight and continue to make sure those terms are level playing field for u.s. companies. this event teeing up, making it clear why it is so important for the president to ne

f-35. what happened between 22 and 35? [laughter] marillyn: the fact is that aircrafts are not numbered by lockheed martin. the u.s. vernment determines what the number is. so "f" standing for fighter, "b" for bomber, that terminology is general. and usually it is sequential. we won the contract with our x-35, which was the experimental -- you name them with an "x" or "y" if they are experimental or a prototype. we had named our offering in this competition, but when they announced the winner, lockheed was the winner, and the secretary of the air force said, the f-35, and we were all shocked because we thought was going to be the f-23. so once he named it, that is what number it became. david: you didn't want to tell him he made a mistake because of the contract. [laughter] david: in the history of our country, this is the biggest defense contract ever, tens of billions of dollars, i assume. why does it cost that much to make these planes, and what is so great about this plan? what is so unique about the f-35? marillyn: the f-35a was priced at $94.3 million, and we are on a path to drive that down to $80 million by

f-35. what happened between 22 and 35? [laughter] marillyn: well, the fact is that aircraft are not numbered by lockheed martin. the u.s. nt determines what the number is. so an "f" standing for fighter, "b" for bomber, that terminology is kind of general, and usually it is sequential. we won the contract with our x-35, which was the experimental -- you name them with an "x" or "y" if they are experimental or a prototype. so we had named our offering in this competition, but when they announced the winner, lockheed was the winner, and the secretary of the air force said, the f-35, and we were all shocked because we thought was going to be the f-23. so once he named it, that is what number it became. david: you didn't want to tell him he made a mistake i guess since he awarded the contract. [laughter] david: in the history of our country, this is the biggest defense contract ever, tens of billions of dollars, i assume. why does it cost that much to make these planes, and what is so great about this plane? what is so unique about the f-35? marillyn: the f-35a was priced at $94.3 million, and we are on a path to drive that

f-35. what happened between 22 and 35? [laughter] marillyn: well, the fact is that aircraft are not numbered by lockheed martin. the u.s. nt determines what the number is. so an "f" standing for fighter, "b" for bomber, that terminology is kind of general, and usually it is sequential. we won the contract with our x-35, which was the experimental -- you name them with an "x" or "y" if they are experimental or a prototype. so we had named our offering in this competition, but when they announced the winner, lockheed was the winner, and the secretary of the air force said, the f-35, and we were all shocked because we thought was going to be the f-23. so once he named it, that is what number it became. david: you didn't want to tell him he made a mistake i guess since he awarded the contract. [laughter] david: in the history of our country, this is the biggest defense contract ever, tens of billions of dollars, i assume. why does it cost that much to make these planes, and what is so great about this plane? what is so unique about the f-35? marillyn: the f-35a was priced at $94.3 million, and we are on a path to drive that

book now at lq.com >> lockheed martin ceo, marilyn hewson, how the f-35 doing, good job?id: no pressure. president trump introducing our next guest, signing an order that will train apprenticeships for students to prepare them for the jobs of the future. here is the aforementioned marillyn hewson signed a pledge to train and retrain workers. how did the president did? the f-35, if i'm not mistaken this, is 13 billion-dollar contract for you guys, to build 141 of these magnificent jets. how is that going? >> the program is going great. it is a very important program and it has a lot of american jobs. in fact 194,000 american jobs support the f-35 program today. david: unbelievable. this is extraordinary moment in american history. for the first time in my lifetime, i'm not a young guy, first time in my lifetime we have more jobs than we have job applicants. it what that means we import a lot of workers or we retrain workers we have, some who are still sitting on the sidelines, bring them back into the workforce, get them good jobs meant for the future. that is what this pr

louis ville bats, climbed into th but this year it was an f 35 fhter jet parked on south lawn of the white hous as partthe the of lockheed martined. something very special.o yes [cheers and applause] it's incredible. how do you t comparehis with a enemy?n othe plane from the they said the difference is when wegh t, they can't see our plane. i saidhat sounds like a pretty big advantage.'s right? it called still t mt nsive military weaponys swete history lesson and talked about branding >> made in america, made in tte, made in america? both retty good [cheers and applause] both pretty good. w i remember whenas growing up, i'd amellca aplace, a littln the usa but me iad everything had made in america ande'sreagain. that, kennedy ntceer? worth it. let's get back to the n, ident's history lessjeerso hamel lincoln,opckinley. le don't know too much about nlmcki. take a it was an incredible economic time for our ancountry. peopted toe cin countr they ase t tariffs to botection oostannufacturers. prestren t h pupdate on trade neg iations >> the european union has been tough on the united states. but they're coming i to see me on wednesd

cracker products the recall is because of salmonella concerns, and lockheed martin has hired more than 1,800 new employees in support of its f-35 program. also announced, it aims to create an additional 400 jobs at its texas facility michelle >> thank you, tyler. we begin with the president and what's been a very active monday on twitter so far for him. trade amazon, iran, all part of his tweet storm. kayla is following it all from the white house. kayla. >> michelle, it is certainly the escalation between the u.s. and iran that has the biggest geopolitical and market implicatio implications president trump late last night tweeting directly at iran's president that threatening the u.s. would result in consequences the likes of which few throughout history has ever seen before. that late night tweet coming after the president reportedly told diplomats on the grouped in iran that the u.s. shouldn't provoke its government in just two weeks the u.s. will be resanctioning iran's economy, limiting debt issuance, activity, and the real and exports like metals, carpets, and autos, those go back in place on august 6th after the u.s.

. >>> lockheed martin number one weapons supplier. raised sales forecast. strong demand for the fter jet. >>> better profit atly davidson, it expects motorcycle tariffs to cut into products that is the future. the stock is up 4 1/2%. i will not call that a trade casualty. i with i will say whirlpool is a trade casualty. they cut the full-year profit outlook. they can't offset effects of steel tariffs. going down 11% lower. i call that a trade casualty. >> if you look through whirlpool's announcement, the company has a lot more going on here. they made a big acquisition going on italy. having a a hard time getting going in the right direction. they paid over a billion dollars. this to me looks like a convenient time to blame a weak quarter on tariffs. i think there is a lot more wrong with whirlpool with tariffs. liz: sorry, said costs went up 350 million because of tariffs. that is 6% of the sales. if they can't give you holiday discounts on washer dryers which is the bulk of sales. >> sales up 12% in first three months. prices are going up, people are not buying as much as they u

lockheed martin and united technologies and shorter cycle companies like 3m. david: there is also another difference. the president may be disrupting trade relations on the one hand and he is out there selling frooke: investors don't necessarily think that way. they are looking ahead to 2020 and are democrats going to retake the white house and rethink how much money are we going to spend on defense? there is a lot of money going to defense now, but is not going to last? -- but is that going to last? part of that is just the nature of being in the defense companies is that these dynamics tend to shift every now and then. alix: thank you very much, good to see you brooke sutherland. coming up, jeff currie, goldman sachs global head of commodities research is talking oil. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience