so these are the opportunities for defense. >> is northrop your best bet >> i mean, it's our top pickt cycle, during the reagan administration buildup, northrop only had one leg of the nuclear triad, and in this cycle, they will have two legs of the nuclear triad for growth >> is there -- what's the difference between these companies? i mean, we talked about it earlier with tech on the show. the difference between amazon and alphabet northrop, lockheed, general dynamics explain to our viewers, yeah, they're bigger in ships, they're bigger in missiles, they're bigger in planes, et cetera. >> when you think of general dynamic, they build submarines, and they also have combat vehicles like strikers and inrimms and gulf stream business jets gulf stream today is a key driver of the stock. even though it's a defense contractor, thecompany trades more on the business cycle lockheed martin, their biggest program is the f-35. 30% of total revenue is related to the f-35 program, and even though this has been a driver of growth for the past 20 years, the f-35 is maturing northrop grumman, what's

as you mentioned, northrop grumman raytheon. they recently hit their 5 year hive. so as we talk about war, we also have several who benefits from war. can you help me unpack that a little bit? who's really benefited it? the old earth latins silken coolly. bono, who benefits are going all the way back. when you can nameless go. we were last century world war one, the loans by j. p. morgan to the british for arms, for the british, it had to deal or even had lost the war to some extent. j. p. morgan would have gone bankrupt and wilson, our president then, could not allow that to happen. it would have been a financial disaster. and that goes on from there on, in particular, whoa, whoa, who benefited from vietnam going on as long as it did, or afghanistan. right now, the war that were supporting in yemen through arms to saudi arabia and the u. e. is keeping it truly genocidal. war going on are enormous massacre. and i think with very little benefit except to the arms manufacturers. people asked, why do we learn from our failures in vietnam and afghanistan and elsewhere?

people you name for lucky, raytheon, northrop grumman and the others are they have anything to learn. i'm afraid that right now, there's 2 major purposes that will keep the war that can keep the war and ukraine going. as long as the war in afghanistan, not in the way that is being waged now. but by a kind of guerrilla we're, we're supporting that with support, as we did against the soviets in afghanistan for 10 years. and the f ukrainian people would be ground to bits in the course of that as the africans were. and yet it's very comfortable for people who are supplying those weapons and keep going. there is one other major motives that effects these things in particular in europe . and that is it r u. s. role in europe who are not after all a european nation. and we have no particular rule in the european union. but in nato, that's as the mafia says. cosa nostra our thing. we control natal pretty much, and nato gives us an excuse in a reason to sell enormous amounts of arms to now to the formerly warsaw pact, nations which had only 2nd raid or obviously. so the weapons altogether from

it means that you can't really justify new trident submarines or i she be m's that northrop grumman is making a whole new life. she be up against ian or isis or i l. cater. ah, nature stonecutters as rationale for multi 1000000000 now dollar arms budget. only russia has the targets, any sophisticated arms to fight against. you don't need advanced 5th generation fighters against people who don't have any aircraft or fighters of their own, or sophisticated ones. but russia and now china and for the future in particular, to offer noxious arrival or a competitor, but shown who could be painted as an enemy against whom you have to defend. and of course, put now in the last shoe once has just been a bonanza for the armed people. because it last you've made a russia look an offensive i enemy of some kind. who has to be defended against, with the latest weapons, with new weapons. and of course, russia has its military industrial complex to maintenance fast. they remind me of the black arts poet, gills got herons that everybody loved peace. the problem is you can't make no money off of it. you

stocks falling as lockheed and northrop grumman are cut to sell also increase tension on u.s.efense spending. >>> first, a check on the markets, dow, s&p, nasdaq pack to positive territory, dom chu >> the bank stocks, this is the kickoff to bank earnings season, earnings season in general it has some crazy intraday movements. bank of america, wells fargo, citigroup, jpmorgan, now, they are all up around 2 to 2.5, 3% near session highs in positive territory after each was markedly lower on the heels of their earnings reports perhaps driven by fundamental buyers maybe some short covering is part of that story they are big stories today and helping to drive in upside action keep an eye on shares of delta air lines in the opposite direction out with earnings that beat estimates for profits and revenues but delta said higher labor costs will hurt current quarter profits. they are down 3.25%, one the powers performers on the s&p 500. on the tech trade. >> thank you, tomorrow let's start with the change of tone coming from china this is important. chinese authorities are considering

demonstrations to stop the profits of raphael in general dynamics. boeing, lockheed martin, and northrop grumman another a difference between for so we could discuss this polish, isn't there justification, but what different today from the 19 say 50 years ago is that there is debate and discussion. it's overwhelmingly an aside of state power and official doctrine, but it exists. you go back to the 19th sixty's, it barely even existed. there was no up in the case of the vietnam war, for example. there was essentially no opposition to it for a long time. finally, broker and we should be, we should recognize that the civilizing effect of the activism, mostly young people in those years. and since has had an impact, there is no a range of debate discussion. oh, people like me of course, can't get into the mainstream media, but we never could. that was impossible. and now at least there's alternative wish for voices as well, actually, or, well, actually you, your name has been mentioned in mainstream media and it's been defamed. and i don't know whether you want to take legal action. you're a

i'm a little nobody and i'm wondering, you know, remember bulow of la northrop with a security on my daddy with in your, this one. yeah. and your one get out of that on the yeah, which is who's a c k impacted director leslie. i'd have to do something is i'm gonna do could is i'm going to camp patrick my credit for practice. i'm not ready swimming early for the brain door. only out of that, like meeting with us, that's a disclaimer, but i watched the brutal dust to clean it right now. but when did repeat, if we were still increased, the reform was to physically be, can i me, can you the focus to mean that crops can't be grown without fertilizers? russia is a major producer and more importantly, an exporter, supplying 12 percent of global volumes. china produces almost a 3rd, however, other producing nations use it internally, while russia cells, the bulk of it, russian fertilizers are also under the sanction steamroller, the e has banned them. delivery is also challenging due to logistics is to use right now. poor nations are suffering fertilizer shortage and the resulting high can pr

that it was a bid to real normal no budging, and i'm wondering, you know, i'm a little more beulah northrop with was over there when i saw with the drama with johnson is hungry could isn't correct, patrick, mom, why the degree program ask for is what is really early for the brain door. only out of their choice needed with the starting disclaimer, but mostly rooted thus took living right now. the very fact won't be repeated. i will put the worst increases the reform for years and most of the future caraway can. i mean, can you the focus to me or whatever the crops can't be grown without fertilizers? russia is a major producer, and more importantly, an exporter, supplying 12 percent of global volumes. china produces almost a 3rd. however, other producing nations use it internally, while russia cells, the bulk of it, russian fertilizers are also under the sanction steamroller, the e has banned them. delivery is also challenging due to logistics his years. right now. poor nations are suffering fertilizer shortages and the resulting high can prices in the fournier parish with a disk. okay, sir,

and i'm wondering, you know, remember beulah northrop with, with impacted director leslie ended up with the function is i'm gonna do is i'm gonna jump patrick man, whether it be for practice. i'm not sure what is really early for the door, only out of the july, the media with us. that's a disclaimer. but that was the building just to clean right now that he might want to repeat. if we were still increases, the reforms he hasn't was the physical security can. i mean, can you, the focus to me, right? crops can't be grown without fertilizers. russia is a major producer and more importantly, an exporter, supplying 12 percent of global volumes. china produces almost a 3rd. however, other producing nations use it internally, while russia cells, the bulk of it, russian fertilizers are also under the sanction steamroller. the e has band them. delivery is also challenging due to logistics his years. right now . poor nations are suffering fertilizer shortage and the resulting high can prices in the fournier. we irish mission at the disco. okay. i really don't watch them here. i think without anyo

and i'm wondering, you know, more and more view of le northrop with, with, in your, this one. yeah, no one get out of that on the yeah. which is who's a c k impacted director. linda city ended up with johnson is i'm gonna include is i'm going to capt. plastic mom, whether he play for pregnant musk, please. what is swimming around the brain door? only out of the choice media with us. that's a disclaimer, but i'm mostly wooded just to clean right now. the site won't be repeated yet. i will put that we're still increased bill forms. he hasn't looked at to physically be economy screening. the focus to mean crops can't be grown without fertilizers. russia is a major producer and more importantly, an exporter, supplying 12 percent of global volumes. china produces almost a 3rd. however, other producing nations use it internally, while russia cells, the bulk of it, russian fertilizers are also under the sanction steamroller. the e u has banned them. delivery is also challenging due to logistics his years. right now. poor nations are suffering fertilizer shortages and the resulting hi

profit, it just so happens that black rock has tens of billions invested in lockheed martin re ethan northrop grumman and other major us arms manufacture as ukraine is the major market for that produce as russia has to respond to washington's deliveries more aggressively. you see where this is going, right? black rock puts fortunes into companies that are literally used to add fuel to the war in ukraine, which only leads to more devastation and more for black rock to rebuild and ingenious plan devised in the highest echelons of power c. black rocks managing director, has been hired by the us treasury department, specifically to shape us economic policy on russia and ukraine. but rebuilding is just the very tip of this capitalist ice bag. the real profit lies in ukraine's soil. the country is a gold mine, or rather, a titanium mine, and ukraine happens to be quite rich in titanium, just like russia or china, washington's key rivals and potential enemies altogether. ukraine said proudly in 4th place globally, in terms of total assets, the value of natural resources, including natural gas, with

we have a nuclear weapons industrial complex and just the same as lockheed lobbies and northrop grumman and raytheon lobby to sell fighter jets and, you know, you hear stories about. congress wants weapons that the navy doesn't even want and stuff like that. it's because the military industrial complex that ike eisenhower warned us about where the arms many of factories spent the smallest proportion of their income recycle it back into the think tanks and into k street lobbyists in d.c. to push for not just fighter jets and armaments carriers and the us, but even for hydrogen bombs. and there are lobbyists whose job is essentially senate ear. let me tell you about the deal we got on h bombs this week and why you need more and why you can never scale back and why negotiations a bad idea. and in fact, if you go back to the obama years he pushed very hard to his credit to get the new start treaty passed through the senate and. it's now the only treaty is the last standing treaty limiting the numbers of strategic nuclear weapons in the american and russian arsenal. but in order to get that

help, and northrop would be integral to preserving our relationship with taiwan, which is so necessarycause they have a fantastic bomber that needs to be stationed there. it looks like geopolitical issues are not coming up what's coming up is a for more stingy house, and only goldman's come with us, it's very important. boeing, again, big defense, but not part of this >> got it. >> people like boeing very much. >> as we get ready for an open less than a minute from now, any keys to this market in terms of how we're going to trade over the course of the day, jim >> you know, i want to go a little against the grain here and say it's united health >> okay. >> the reason i say that is because there have been a tremendous rotation out of health care at the time of the health care conference blowout quarter, and seeing if that goes higher, then that rotation may be over >> interesting yeah you've made that point of course, many of the mega pharma, big pharma company stocks are down for the year, although coming back a little already. keep an eye on shares of united health care, by the way. h

after our conversation northrop detailing a doj criminal investigation believed to be tied to interestmptions used to cal late pension expenses northrop saying the underlying issue was first disclosed back in 2020. we'll continue to keep an eye on that overall, a real bright spot in an otherwise flat to down year for the broader defense sector at large you can see that with shares up almost 1%. carl >> fascinating week in defense, no question about that. >>> coming up after the break, the blowback to some of these buybacks with d.c. going after chevron after the $75 billion stock buyback. we'll talk about that. >>> welcome back breaking news in washington regarding a notorious ransomware >> take a live look at the department of justice. we are awaiting a press conference here. we expect to see the attorney general, merrick garland, also the fbi director, christopher wray, step up to that podium in the next couple of minutes and tell us about a takedown that happened overnight of the hive ransomware group that's a pernicious ransomware group the fbi said stole more than $100 million fro

he says, the grocer, hawk northrop, with my customers, come from all around the world from japan on to china, finland sweden from germany, the u. s, her throat, not every one can join the need to rely on. this is not on, but in my nato mother. no one gets turned away. i just did every this. up the gallery, that tacky is famous for its hospitality. at the highest political level. however, the world is currently experiencing quite the opposite when it comes to enlarging the nato military alliance. the turkish government has been presenting itself for months. as a gate keeper, who doesn't let anyone in russia's war against ukraine, has raised major security concerns in europe. that is why countries like sweden and finland, which have long been post to natal membership, now want to join. but all natal members have to agree to this. and this is exactly how turkish president, reggie ty it out on is putting on the brakes. he accuses sweden and finland of been to lenient with groups that uncross considers terrorists including the cottage militant p, k k, which is also on the list of terrorist

ukrainian soldiers launching rockets towards russian forces near the strategic city of buck. mood, northrop, arizona. the situation is tense. the russians are creeping into bar mote. they're attempting a breakthrough in your video. we won't allow them. this will do everything to supporter infantry nacia. we strike our targets with power and hit with precision with arms. i believe that was god's help will when they will demand a little more but divine favor isn't the only thing ukrainian say they need to decide this battle or the whole muslim woody. what do we need? those weapons and our partners depos, which our troops are waiting for, doug, which you could measure void chief amongst those needs. modern battle tanks like the british armies challenge a to on saturday britain promised to give 14 of them to ukraine. breaking a longstanding western taboo and acting up the pressure on other countries to follow suit. namely, germany. the producer of the long sought after leopard to tack it's a battle tank regarded as one of the best in the west. and germany could authorize its export in numbers.

pushing claims from aggrieved peasants since then, the sicilian mafia, also known as called the northrop together with the calabria and get the neapolitan cam order and the pool in sacramento. no, nita has become entrenched in italy's political and cultural countries. while each branch is unique, when it comes to branding themselves on tick tock, this new propaganda push has one main message. money. we read the amazon and certainly there, i'd say what sandy's video is. well, for example, if we find video of someone like crease again, i suppose it the sun to come all of us from naples, west side with him, with his friends opening champagne, voting down the shop by law. ready but after meeting with the morn in another video, we see the son of an in prison tomorrow. and somebody know, he's also showing off his work is very well dressed, elegant. but you know, this isn't some barber in his the most of the time. is there sometimes you refer to a baby both, so they know that the marina plant is still out there and has money, is all over the past few decades arrest, the big mafia names have mad

so we waited trust them carrying our precious astronauts there were failures and delays through northropmman and this was supposed to be docking to the space station and the dragon after a successful launch could not talk i was at the cape and happen to be getting together withnn the president of space x after the launch we have less than an hour or we will not be successful each one would have been a very big delay and i went over to wait for her and found they had the standing in the back of the room and i wanted to get out of the way having nothing to contribute technically and they were just watching e . . . . what i really is as is a moment awi embrace the private sector, this way of doing business, all important things and these were two of the guys who had been somewhat opposed to having astronauts be transported commercially. they were well into the cargo mission. so it was like watching a grandparent with a child maybe fishing where a parent, say a dad might show him how to put the worm on the hook but if they got something they they would grab hold of the fishing rod and reel i

. >> lockheed i view as better in terms of technicals and fundamentals than northrop grumened >> jimmy, rathethen. >> yeah, i'm still bullish on it i think the poll that's been cast mr. mccarthy and house leadership, the idea he may say defense coming up i don't think that's likely to pass congress defense budgets are increasing across the world look at japan yesterday buying hundreds of tomahawk missiles. >> you like airspace and defense? >> we own growth stocks and lockheed martin across several different portfolio. it's 25 years of amazing cash flow increases and div depend increases. it's a marvelous company >> okay, we'll take another break. coming up investment committee latest moves weiss has a bunch. and he bought more of it, i'll tell you what it is next just look around. this digital age we're living in, it's pretty unbelievable. problem is, not everyone's fully living in it. nobody should have to take a class or fill out a medical form on public wifi with a screen the size of your hand. home internet shouldn't be a luxury. everyone should have it and now a lot more people ca

downgrading with northrop getting a sell date. >>> we started today's show discussing the messy q4 fores in tech reporting over the next few weeks, have estimates come down enough? let's take a closer look with morgan stanley, managing director brian knonovak. how do you reconcile higher than they're currently trading with your overall outlook for this year where you expect slower growth >> good morning. happy friday thanks for having me no i think we're -- we're still generally we like amazon a lot we like alphabet a lot we were more equal weight on the meta side. but stepping back in the big picture. a lot of the issues we see sort of in line to a little revision risk from a top line perspective. but i would argue that the larger risk that we see tactically heading in is a lot more on the earnings power we see margin risks on alphabet because of hiring over the last couple years we still see margin risk at amazon as they are growing into their over build and this growing aws situation. estimates don't generally look highly beatable. and i think sort of stepping into the next couple o

they've called it political unscientific, rams facing international condemnation, northrop hang, 2 men accused of killing a member of a power military force. in november, amnesty international says both convictions relied on forced confessions. the you says it's a pulled on the u. s. is demanding an end to what it calls sham trials. russia's unilateral 36, our see sign ukraine for orthodox christmas has ended. keith did not agree to the truth and said, russia continued its attacks. it's accused moscow trying to use the situation to reposition its fruits. hundreds of protest as of march through the u. s. border city of el paso in texas had a visit on sunday by president biden. it comes just days after he announced measures to reduce a surgeon, arrivals at the southern border. they include the deportation of up to $30000.00 migrants and refugees every month from cuba, nicaragua, haiti, and venezuela. to subway trains of collided in mexico city, killing one person at least 57 others were injured. emergency crews rescued. 4 people trapped and one carriage, mexico's capital has seen several

lockheed, raytheon, and northrop hitting session highs on that news there we have the fda expected toide on whether to approve a new alzheimer's treatment today but there's still a lot of debate around this new drug and its potential cost to the millions of patients living with alzheimer's. meg terrell has the details. meg? >> kelly, this is a drug from biogen this is the second such drug to come fromthese companies in th last two years the first has cast a really long shadow on the entire field the first one was cleared in june of 2021 you can see, that's when the biogen stock took such a large jump up. but it's come down from there and gave even more back, as just bad thing after bad thing kept happening. biogen set the price of $56,000 a year, which was way more than a lot of people thought it should cost, given the equivocal clinical data, and centers for medicare and medicaid services refused to cover the drug, except in certain medical trials just last week, there was a congressional investigation into how the fdaapproved this drug, so it's just been kind of a flop overall. now,

joining us now is nancy northrop, president and ceo of the center for reproductive rights.ly. >> it's a hard day to think about roe v. wade. i think it's always a hard day. but especially in the context of the last year. the missouri lawsuit is different. and people seem to be very excited about the possibility of this, in terms of applying some right back for the women who have lost an essential freedom. how do you see the lawsuit? >> before we talk about the missouri lawsuit, let's just start -- because we are at this precipice of the roe anniversary, that this is the first time in 50 years, where women do not have the right to make decisions in 12 states where abortion is totally banned under threat of criminal prosecution. and so, i am sitting here at this roe v. wade anniversary thinking that some things are quite chilling, which we have to pay attention to, but some things that are, in fact, heartening. and i think the lawsuit filed in missouri is one of those things. we are seeing states find protections for reproductive rights that did not exist before. so i think i

general dynamics and our two-star sponsor, northrop grumman for the coffee series. we cannot do this without your support and we appreciate it. let's give our sponsors a big round of applause. [applause] >> and with that, my two minutes of fame are up, so it gives me great pleasure to introduce the president and ceo for the association of the united states army. please put your hands together for bob brown. >> i don't know about that forcing them to recognize you there. and what a great way to start 2023 with the 40th chief of staff of the army and quite honestly, the right leader at the right time and we're so glad, jimmy, that you're in this role. i'll start off with questions and i want you to be ready and we'll save plenty of time for questions from folks out there. i want to welcome so many senior leaders here, it's great to see you and then our industry leaders and congressional staffers, thanks for being here and for all you do, we know it's so key for our soldiers and their success in the future, and so, let's get right into it, jim, and again, thanks for be

sectors, real estate and materials close behind but a couple named sitting out of january's surgery northroprumman and pfizer and archer daniels leading losses for the month. >>> electronic art shares dropping after the company cut its full year sales forecast indicating a more cautious consumer earnings coming in 73% bookings coming in below estimates. shares taking a leg lower in just the past few months, down a double-digit percent at this point. maybe it's no surprise this is exactly where you would cut if you were a consumer in distress. >> these stocks have done well, probably on the back of a lot of m&a chatter in this space. the stocks have levitated quite well this actually makes sense to me. and quite frankly, even with this move, there is probably some more downside risk, until some of the m&a animal spirits come back. i still think the stock can go lower from here. but i think tim will probably sate and accurately so there is a place to own electronic arts and it's probably over the next week or so. >> tim will, you say there is place to own electronic arts and it's probably over

spacex had had of course failures, delays, as had their competitor northrop grumman, then orbital sciences. scientist. this launch was supposed to be talking to the space station. the dragon capsule lost a couple thrusters after successful launch and wasn't going to be able to dock. i was at the cape, happen to be getting together with the present spacex after lunch. we had planned, gwynne shotwell, but with this pub she said i'm in the op center. we've got to work this. we have lessr. than an hour i believe to work the system, or thee docking was not going to be successful. each one of these what event i've got a pretty big delay to crew being about to dock. and i went over to wait for her and found it to my kids of nasa's human spaceflight program understandably there, bill kristol meyer and mike suffered any come standing in the back of the room not at a console. and died one to get out of the way, had nothing to contribute technically and asked what they're doing in the back and there were just watching spacex work through this problem and try to solve the problem. they were talking to

lauren: northrop grumman says it expects to complete the first of five b-21 raider production ordersuction costs came in the below estimates and call b-21s the backbone of future u.s. air power for decades to come. that stock down 1.3%. and according to the defense security cooperation agency, u.s. weapons sales jumped just about 50% last year. the u.s. reported $52 billion worth of arms sales in 2022. compare that to $35 billion in 2021. that's a big jump. the spike largely because of the war in ukraine and also china's aggression. not to mention russia produces a lot of weapons, so many sanctions on russia, we're taking some of their market share. >>> now this, the new select me on china, congressman carlos jimenez joins me now. thank you for coming on. >> my pleasure. lauren: what are some of the first things on your agenda? >> well, we just had an organizational meeting with our chair, representative gallagher, and i'm very, very proud to be on this committee, and i think that we have a very aggressive agenda. we understand the threat that china poses economically to the united s