that's going hurt raytheon. david: what happens if that happens? >> raytheon does a lot of electronic components to some of the aircraft and other vessels in our defense industry, so i think that's a safe place to be, not necessarily the missile defense

that's going hurt raytheon. david: what happens if that happens? >> raytheon does a lot of electronic components to some of the aircraft and other vessels in our defense industry, so i think that's a safe place to be, not necessarily the missile defense shield. david: you heard it here. that's it for "forbes on fox." have a wonderful, wonderful weekend.

raytheon up .66. buying strategies, raytheon says they believe they're well positioned for the new direction. earnings in the previous quarter up 15%. north rupt gruman, they came out more cautious today. they're seeing their stock down after the bell 2.5%. did not provide any guidance. says it's still evaluating the effects of the new pentagon strategy. this is more of a navy ship-building play. that's what they're known for. their profits there down 20% in the previous quarter. the credit card companies also made some big headlines after the bill. american express, capital one both reported they've got some pain. you see the pain in the shares at least in the after market trade at american express, almost 3% to the downside right now. basically they say over at am ex-people are using their credit cards a little less than last year. that's not entirely a surprise. also delinquencies, loans at am ex-they were 4.4% in terms of the delinquent loans versus 3.3% last year. the same trend at capital one in

jeff: and your final pi, raytheon, yr a defense pick. >> thas right. it's notopular one rig now.they don make heavy hardware likeattleships and airplanes but they're in a sorts o programs globally, big, foreign, business it patz a dividend and nice earnings. >> jef do you have any disclosures to make with the fournew stocks? >> own each and every one rough the woo aet pofolio. >> jeff: wll see how it goes as we look forward here. bob, tha you for coming on the program. >> thanks for aing me again. always good to be with you. >> jeff: same here, our guest robert stovall. >> suzanne: recapping today' market action:he blue chips close the month onn up note. the dow gained 1points, but the nasdaq lost five pois. to learn more about thstories in tonht's broadcast, to watch oustreaming video and to take part in oudaily blog, go to "nightly business port" on pbs.org. you can also e-mail us at nbr@s.org. that's nightlyusiness report fofriday, july 31. m jeff yastine good night, everyone. and have areat weekend. yo too, suzanne. >> suzanne: u, too, jeff. i'suzanne pratt. hope to see all o

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companies operate in the city of wichita, including boeing, airbus, cessna, spirit aerosystems, and raytheon. in kansas the aviation industry accounts for about 20% of our state's manufacturing employment and employs tens of thousands of kansanses. engineers, machinists, exmechanics, scientists are dedicated to producing the best aircraft in the worrell. these employees take great pride in what they do and they deserve our support. yet the industry faces significant challenges. the recession has hit aviation hard and many workers have lost jobs. during the difficult times that we are in, congress especially needs to be supportive of this critical component of america's manufacturing base. efforts to demagogue about the use of private planes and business aviation by private corporations harms this industry. i was troubled in january during the consideration of the tarp reform and accountability act that provisions to limit business from leasing or using general aviation for business purposes were almost included in that final legislation. doing so would have lowered the national aviation prod