arabia called raytheon arabia.will want to develop defense, aerospace come and security, and that will be based in riyadh. companiese many that,g, but not only there is the largest weapons deal in u.s. history rex tillerson said $109 billion has been anchored in terms of tanks, fighter jets, combat shifts and thaad missile system. >> what is next for the president? part one of a five-part city or country trip. he moves west and gets over to jerusalem, israel, as well as the west bank. why don't we throw up that map. that is a great way to illustrate what will be happening. he will be meeting prime minister benjamin netanyahu and the president of the palestinian authority, going to the western wall, and would be the first sitting u.s. president ever to go to the western wall. he will go into the church of the holy sepulcher, where jesus was buried and resurrected from that area. after may 24, rome and vatican city and meets pope francis here it you will remember that president trump said the pope's criticism of him

withllion dollars deal saudi arabia using boeing and raytheon.racey: we will be discussing that story more in the show the first saudi arabia's energy minister says all the oil producers he has been talking to our onboard for a nine-month extension of the production cuts of the agreement. willso said saudi arabia not pick up any producers that deviate from the agreed output limit. >> i have not spoken or heard any country against extension. everyone wants to the extension because we realize we're not achieved our objective. >> are you concerned the market is already pricing all the production cuts in? looking toward the market, i'm not looking for a specific price. what we're looking for is an agreement and a consensus and clarity for the market that we are steady as we go, we are committed to that five-year average. opec and non-opec working together and that should encourage investment. clarity of where the market is going so that people invest. i'm less concerned about prices and market over the next 12 months than i am after three years, afte

country's strategy today. >> we've been recommending raytheon, frankly mr. kennedy has done a nice job of expanding the capability of his offerings in saudi among other places. also they have the premier air defense offering and probably the singular best radar capability in the world today. >> reporter: other agreements could involve more patriot missiles and munitions. according to one industry official familiar with the discussions, more combat vehicles from a british contractor, manufactured stateside. analysts say it speaks to the fact that global defense spending is increasing. the reason many contractors are reporting strong sales growth internationally. the companies have all declined to comment, but ahead of the president's trip, the stocks did soar in trading today. for "nightly business report," i'm morgan brennan. >>> in iran, voters are casting ballots in the country's first presidential election since its nuclear deal with world powers. the election is seen as a referendum on more moderate policies. and as seema mody reports, the outcome could

boeing, raytheon, and lockheed martin outperforming in a big way.est overall sector since president trump was elected in november. technology up less than 20%. huge on there. they are higher than the inauguration. up on allhave the bump i the deals being announced. joe: thanks, abigail. julia: what'd you miss? let's get back to president trump's visit to israel. the president and prime minister benjamin netanyahu spoke earlier on the spoke about achieving a mideast peace arrangement. roy my travels, i've seen many hopeful signs that lead me to believe we can truly achieve a more peaceful future for this region and for people of all faiths and all beliefs, and, frankly, all over the world. will cross into palestinian-held territory in bethlehem, where he will meet the palestinian authority president mahmoud abbas. let's get perspective from kevin cirilli, traveling with president trump. he is on the phone from jerusalem, and we have our white house reporter to lose olorunnipa. great lengthsto to contain expectations on the trip that president trump i

raytheon was to establish a new branch in saudi arabia called raytheon arabia. allies the design and engineering as well as the manufacturing there. that all is a huge number, but it is not all that there is. secretary of state rex tillerson $109they have inked billion just in terms of defense and arms spending. this is the biggest arms deal in u.s. history. we are talking about tanks, fighter jets, combat ships, as well as the thaad missile system. ceos from all these companies were present in addition to lockheed martin and dow, so a huge boon for all these companies as well as saudi arabia. successoming up, more for iran's reelected president. more from tehran, next. this is bloomberg. ♪ david: welcome back. this is "bloomberg markets: asia." i am david ingles. angie: i am angie lau. , gains what we see across the board in the apec region. nifty 50 little change, but now up .5% along with the sensex. the oill-falih says all producers he has talked to are "on board for a nine-month extension to output cuts" scheduled to end next month. he also said saudi arabi

you saw raytheon is going to be establishing a new branch in saudi arabia called raytheon arabia.is the first time it is happening. they will create a localized defense and aerospace security based in riyadh. electric deals in armored combat vehicles, tanks, the defense contractors doing a lot of localized designing, engineering, manufacturing. that is just on one side of the $400 billion deal. according to rex tillerson, there is another signing of $110 billion. this is a huge amount of money. it is the largest weapons deal ever in terms of u.s. history. this involves tanks and fighter jets, as well as, interestingly, the fad missile-defense -- thaad missile-defense system. said, with all of that the millions of dollars, going to the bloomberg terminal. we want to show you how impactful this could be in terms of saudi arabia and united states trade. was backon is what it in 2016. 20 is $45 billion. they could surpass china as the number one if all of these deals come through in the next year or in part, and that $400 billion is on the timeline of 10 years or so. haidi: great func

sarah: what we like about raytheon, they have a lot of different programs.ositive or negative on the timing. when there were concerns about the cost, they took a little bit of pain for that. in the end, not much. recall, coming from the incoming president of the united states. --ah: when you have a lot of a broader portfolio, other areas, we like raytheon. david: what are other areas that you like, stocks that you like these days? sarah: we spend a lot of time talking about oil. the energy sector is one of those sectors that is under a lot of pressure. we are underweight energy but there are places that we like. bp because of their dividend yield. we also think there is some opportunity in the shale plays in the u.s. then you get into areas that are tricky like the auto sector, some places that we think are good. david: they are having a bumpy patch right now. sarah: on the u.s. side, you will have volume issues after having growth from 2009, but we think there are is a lot of technology going into auto right now, some good opportunities. delphi splitting it

and saudi executives and there was a representative from raytheon, blackrock, the new york stock exchange as well as hewlett -- lockheed martin. the lockheed martin ceo in particular was a female ceo and was given a closed-door briefing by prominent presentation in a state where women's rights are abominable. been a very friendly meeting so far between israeli dignitaries and the president. any word on reactions to the possibility that donald trump gave israeli information to the russians? havem told the israelis backed off that accusation but president trump earlier today met privately and made public remarks with israeli president rivlin saying they hope this is a new era in sort of brokering a peace deal. this has been elusive for other administrations and a deal that president would be the deal of all deals. kushnerdjaered to broker those deals. there are senior members of the administration who have returned to the united states. reince priapus and steve bannon are among them. while the administration would like to move past the firestorm of controversy about the ongoing investigatio

that's made by lockheed martin with input from raytheon.ions, ships, tanks. so who stands to benefit from all this? it's going to be the big five contractors, lockheed martin, raytheon, general dynamics, northrop grumman and boeing all of which have declined to comment on this. this is expected to be announced as soon as tomorrow morning eastern time and based on a draft agenda of the ceo forum that is circulating right now a number of ceos will be in riyadh, including lockheed, raytheon and boeing which also could potentially stand to benefit on the commercial plane side as well. so it's going to be an interesting set of news for the defense companies over the weekend. guys? >> morgan, thank you very much for that. joe, sorry just going to jump in, as well, just for a change. >> yeah. exactly. >> i think talk of we might get a deal on the defense side. interesting to note and steve and i were just chatting about this in the break ahead of all the rumors of the saudi aramco ipo that might come that reportedly lloyd blankfein, james gorman,

extremist ideology and more than 30 commercial deals that include companies like lockheed-martin and raytheon boeing ge dow honeywell alcoa and cisco among others that will result in additional $270 billion of saudi investment in american businesses and american jobs. the personal into israel where he was received with incredible warrant. he strengthened america's unbreakable bond with israel made the first-ever visit by a sitting american president for the western wall and gave a highly praised address in israel on our continuing effort to rally the nations together in the fight against terrorism and common enemies. moving address spoke of the future which quote children throughout the world will be absolute without fear determined that limits and prosper without violence. he said i asked ms. linda promised to join me in fighting a common enemy to pursue our shared values and protect the dignity of every child of god. the president also visited yad vashem tim memorialize the holocaust. the president met with prime minister netanyahu palestinian authority president abbas to advocate for a new

lockheed martin, raytheon, and boeing among the gains.ile some blackhawk helicopters in saudi arabia, raytheon will toablish arabian division we have beendh seeing consistent strength on some of these stocks as well today. remember, there were a lot of hopes place on defense following the u.s. election. we have a chart of the s&p 500 versus bloomberg intelligence index of defense contractors. you can see in white here, they have consistently outperformed the s&p 500 and since the election. if you look at what has happened an etf thatws, tracks defense contractors, we saw consistent and relatively high flows following the election. then they became more muted. a little bit of an object recently but not much of one. we will continue to watch this to see if there's any change in the wake of all of these deals being signed. it wasn't just in the defense industry. deals are being signed with saudi aramco. a lot of these stocks up-to-date even as oil itself rises. saudi arabia says we could see a further extension of some of the cuts to product

raytheon agreed to cooperate with the saudi military on other matters.ustrial sector is doing in the overall trump trade. taking a look at 8722. this is out of the election. technology istion doing its best. 500he middle is the s&p with the material sector. the infrastructure trade is in play up sharply from the election. note, down about 3% is the energy sector. other names higher but have come well off the highs. we do have some red, oil services company's that signed deals with saudi aramco. they are starting to trade down. we will be looking into that to see what is going on considering oil is up 1% on the session. vonnie: abigail doolittle, thank you. the market is thriving. it is a $450 billion market in game outas investors more regulatory change potentially. joining us to discuss is all of white.te -- oliver long-term financing to u.s. corporate clients is thriving apparently. why so? >> the loan opportunities are extremely compelling. high-yield appreciated another 4%. many investors are finding that credit,s from rate and loans are a safe haven

sign $110 billion arms deal and bring together the heads of corporations like lockheed martin and raytheon and general electric and others and do business with the saudis. so, i think that his problems going on back home are far off the table here, when you compare it to what the saudis are actually getting from this president. so, i mean, it's clearly something that weighs on his mind and i heard somebody say the other day, what president trump needs to do is perfect the art of compartmentalization that president clinton was so good at. take that problem and put it in a box and focus on what's ahead of you. i don't know if president trump has been able to do that. he hasn't tweeted anything in that regard. you know, in terms of-- >> hasn't tweeted at all. >> dogging him back home in the last 48 hours. we'll see because this is a long and pressure-filled and exhausting trip for him. so we'll see how he does from that standpoint. >> this is day one from our viewers. what's going on. 6:45 p.m. riyadh, saudi arabia, you're looking at the hotel there on screen left. we've got john roberts chie

, lockheed martin, raytheon and boeing.ee ceo's are in riyadh. and that they're working on a whooping deal which may go to $350 billion in a ten year period. charles payne. charles: that adds 3 to 4% in their earnings and last year we went to a billion dollar surplus with saudi arabia and 2012 a deficit. what are they buying? top exports, aircraft, vehicles, boiler machines, chemicals, why do you think that the ceo of dow chemical is there. it not just arms fire, it's another americans-- >> look at deal making going on. stuart: i predict that tomorrow morning you'll have announce from riyadh of this major armaments deal, bringing money back to america, jobs back to america. i think it's going to happen. liz: and saudi aramco. >> to charles' point, the deals that we struck with china, now saudi arabia, we've got a business man in office. that could be a reason why the market is here without the idea of tax cuts because if you ask the market only 60% of the market thinks we'll get tax cuts in the first two quarters of next ye

threat, and also about the increasing tensions with north korea, want to know your prospects on raytheon. >> i think there was a takeover rumor, do not buy for takeover, by it for fundamentals which are quite strong. john in pennsylvania, john? >> caller: hi, jim. i give you a philadelphia eagle boo-yah. jim, i got 200 shares of celgene, i have had it for 2 1/2 years and have doubled my money. >> you have doubled your money, sell half and let the rest ride. >> caller: boo-yah, jim. h i got a promising forecast and acquisition news, but it's been a bumpy ride so far, i had a ltd down last week in expectations. should i get out? >> i don't favor the situation. i'm a distinct no situation, i'm a balance sheet guy first, and that balance sheet is still not good enough for me. how about phil in new york, phil? >> caller: thank you for taking my call. i would like your opinion on pei, pennsylvania real estate investment trust. >> this is the kind of shopping mall experience that everybody's worried about. this is precisely the kind of thing people are saying, whoa, i'm nervous, and therefore i

thaad, that's already being installed in south korea, made by lockheed with a lot of input from raytheonpresident trump's son-in-law, jared kushner called the ceo to talk about cutting the cost to that system. to that, lockheed will only state government-to-government decisions and status of any potential discussions can be best addressed by the u.s. government. basically, no comment. other weapons deals expected, more patriot missiles, precision guided munitions, tanks. and according to an industry expert familiar with the discussions, bae systems, which makes those state side. all the companies that stand to gain from this have declined to comment. but based on a draft ceo form aendwra that is circulating a number of ceos will be there including hewson, kennedy and muilenberg. >> eurasia group, former ambassador to iraq, ambassador jeffrey, what kind of -- what does this do for president trump to come in with this big arms deal? bringing ceos in tow. >> optics are good. other places in the golf, the most we've ever done. and some of these deals are deals that are rolled over by the oba

i'm like general diynamics and raytheon. >> caller: big green waffle house smothered and covered keepingt long boo-yah from cramer. >> which one? >> merck pharmaceutical. >> i like merck, but it's slow and steady wins the race. raja in new jersey. raja. >> caller: good evening cramer and thanks for taking my call. can you hear me? >> yes, yes. >> caller: thank you for everything you do for callers like me, wooirm calling about exact sciences. >> what can i say? it's for real, when i say for real, it just moved up 5 straight bucks. anywhere pull back i like it because it's a game changer, ladies and gentlemen, the conclusion of "the lightning round." what's with the dog-size? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade. >>>

had saudi arabia and other nations this weekend having companies like general dynamics, boeing and raytheoning higher. on the big board, the dow is up over 100 points and nasdaq gained 25. the market is working with a three day winning streak after that selloff. back to you. >>> industry analysts said the prices of regular gas dropped by roughly one half cent per gallon over the last two weeks, bringing the national average up to $2.40 per gallon. the highest prices are here in the bay area. san francisco, $3.23 per gallon and san jose, $3.16 and oakland, $3.14 per gallon right now. >> just in time for memorial day weekend when everyone is hitting the road. do you have any plans? >> not really. i haven't really looked that far ahead. >> on sunday, i'm seeing carnival. that should be a lot of fun. >> i saw that. >> when i talk about that, people start dancing. >> i look forward to seeing that. >>> we are tracking a busy ride on the roadways and a lot of fog for drivers heading across the golden gate bridge. here is a live look with headlights in the southbound direction. it is difficult out

general dynamics pb raytheon. and a number of others. declined to comment but stocks are bouncing higher today and can you see that eer here. lockheed, raytheon, general dynamics, northrop grumman. >> they are used to getting direct calls from the white house on this stuff. >> certainly. i think that's why it wouldn't necessarily be all that surprising to hear that a call had been put into ceo like marilyn houston and we have seen other things happen like the f-35 of lockheed's. cost-cutting is a big part of this. we are talking about the saudi arabia deal but we also have the dod budget next week for 2018 and costs i would expect to be a focus there as well for them to truly rebuild the military. >> now over to the bond market. rick santelli is tracking action there at cme. good afternoon, rick. >> good afternoon. volati volatility. look at two day of tens. we extend aid buff yesterday's top of the range. not by much. but we are down nine basis points. stocks add pretty good bounce. dollar index not so much. if you look at marrying inte

reporter: now, clearly, this arms deal is good for us businesses like lockheed corporation, raytheon among others in rex tillerson, secretary of state in a press conference this afternoon at the press hotel said it'll be good for the us military because it will help the saudi's help themselves in terms of their security. listen to what tillerson said here. >> this huge army sales package reduces the burden on the united states to provide the same equipment to our own military forces and will strengthen saudi security forces for the future. reporter: the president's big day tomorrow is going to be the speech to the arab islamic summit. some 50 leaders from arab nations will be on hand to listen to what the president has to say. there's a lot of anticipation as to exactly the tone of the speech tomorrow. greg, the president, of course, during the election campaign was deemed by many people to be anti- muslim. he insists he is not which is why the first foreign visit was here to saudi arabia and we also understand it will be filing back to the language, even his recent rhetoric, has str

i don't mind at all that both raytheon and general dynamics appear on the new high list. both ask till be bought given the terrific books of business. how about some other industrials. i like rockwell collins. an aerospace component play. a robot well -- there's roper. how about roper, it makes all sorts of fluid controls and pumps. with these two lurk a lot of other industrials might not be that far behind. shush, there are -- sure there aren't a lot of drug stocks on the list and that may disturb some. i'm not disturbed by it, but vertex is there. plenty of medical device stocks, way too many to list. let's point out, bexer at henry schein. and there's no doubt that the banks are a huge bummer. there aren't a lot of people -- a lot of people talk about. jpmorgan and bank of america both shocked you today with negative outlooks on trading. look at the faux financials here. you see master card and visa and paypal? these won't quit. i'm sanguine that they're a sign of not weakness. and mcdonald's and yum and starbucks. these are three classic growth names that have all the

the president over to saudi arabia, you get some big orders from boeing and lockheed martin and raytheonnd general dynamics. he did not come back with a big order for ford. >> $300 billion in transactions and investments out of the saudis. and jim's list is correct. dow and exxon mobil and ge and now he's in israel. he meets with netanyahu today. visiting the western wall and bethlehem tomorrow. was last wednesday's sell-off a one hit wonder? >> i'm beginning to think it was. i'm -- once you have a special prosecutor like mueller, it is difficult -- i mean, "washington post" tried to -- they broke another story about russian contacts and someone in the -- but you have mueller. he has some subpoena power. so if there is to find out, it's not leaks anymore. it will be a subpoena and i think that therefore a lot of this stuff that -- the drizzle out is going to kind of be done because we all got tired of that russian story. let's bring on the next story. we're tired of it. we have a special prosecutor. we'll get to the bottom of it. >> it could be fires. >> we have comey testimony coming up

combating extremist ideology and more than 30 commercial deals that crew companies like lockheed martin, raytheon, boeing, ge, dow, honeywell, emerson, alcoa and cisco, among others, that will result in an additional $270 billion of saudi investment in american businesses and american jobs. the president then went to israel where he was received about incredible warmth. he strengthened america's unbreakable bonds with israel, made the first ever visit by a sitting american president to the western wall and gave a highly praised address at the israel museum as part of a continuing effort -- >> that is sean spicer, the president's press secretary in his latest briefing. we will continue to monitor this in the newsroom. if we hear anything you need to know about, we'll let you know. >> all right. a look right now at the new york stock exchange this morning. stocks pretty mixed so far in trading, but the big news coming out of wall street right now, amazon earlier today broke $1,000 a share. it's at 198 right now and alphabet, the parent of google, at 994. both of those companies knocking on the door

combating extremist ideology and 30 commercial deals that include companies like lockheed martin, raytheon, boeing, ge, dow, honeywell, emerson, alcoa and cisco among others that will result in additional $270 billion of saudi investment in american businesses and american job the president then went to israel where he was received with incredible warmth. he strengthened america's unbreakable bonds with israel, made the first-ever visit by sitting american president to the western wall, and gave a highly praised address at israel museum as part of the continuing effort to rally nations together in the fight against terrorism and common enemies. the moving address spoke of a future which, quote, children around the world will be able to live without fear, dream without limits and prosper without violence. he said i asked this land to promise to join me to fight our common enemies to pursue shared values and protect the dignity of every child of god. the president also visited yadveshem. he met with prime minister netanyahu and prime minister abbas which they agreed they are prepared to work

extremist ideology and more than 30 commercial deals that include companies like lockheed martin, raytheon, boeing, ge, dow, honeywell, alcoa and cisco that will result in an additional $270 billion of saudi investment in american businesses and american jobs. the president then went to israel, where he was received with incredible warmth. he strengthened america's unbreakable bond with israel, made the first ever visit by a sitting american president to the western wall and gave a highly praised address at the israel museum as part of a continuing effort to rally nations together in the fight against terrorism and common enemies. the moving address spoke of a future in which, quote, children around the world will be able to live without fear, to dream without limits and prosper without violence. he said i ask this land of promise to join me in fighting our common enemies to pursue our shared values and protect the dignity of every child of god. the president also memorialized the victims of the holocaust and to pledge never again. the president met with both prime minister netanyahu and p

for combating extremist yideology, and more than 30 commercial deals that include companies like raytheon, boeing, ge, dow, emerson, alcoa, and cisco, among others, that will result in an additional $270 billion of saudi investment in american businesses and american jobs. the president then went to israel where he was received with incredible warmth. he strengthened america's unbreakable bonds with israel, made the first-ever visit by a sitting american president to the western wall, and gave a highly praised address at the israel museum as part of a continuing effort to rally nations together if the fight against terrorism and common enemies. the moving address spoke of a future in which "children around the world will be able to live without fear, to dream without limits and to prosper without violence. i ask this land of promise to join me in fighting our common enemies to pursue our shared values and to protect the dignity of every child of god." the president also visited the site of the victims of the holocaust. he then met with president netanyahu and palestinian prime minister ab

raytheon also setting up a new saudi based defense arm encompassing munitions and cybersecurity.uck defense and commercial agreements as well, including insure chinook helicopters which had already been in the works also a deal for prospective orders of p-8 maritime surveillance aircraft. these are the defense derivatives of the 737 commercial airplane. how to think about this. analysts say ship and missile defense sales most likely to hit order backlogs first since they already have congressional approval. but most of these agreements hinge on further government to government talks. what happens then, the pentagon contracts with u.s. defense companies making the timing and actually the surety of those potential sales a bit less certain. nonetheless, when you take a look at these stocks premarket today, they're all higher. you can see it right here with the ita, u.s. aerospace and defense etf up 1.5% premarket. >> all right, morgan. thank you very much. we're going to continue this conversation. the president just arriving in israel this morning. that is the second stop on his tr

raytheon arabia. they will be making armored workles at the saudis together with the u.s.. let us talk about the auto industry. stocks were up on what is a big change in this. let us go to the top ford for the word on that. to mark foreful everything you differ our company because he did amazing things. but we are in a different time now, and it requires the kind of leadership that jim will bring us. su: that is the chairman talking about mark fields, the ceo that is now out. the company concerned he was never able to do the turnaround, coming up to speed with the high-tech they had hoped for. well favored in silicon valley, which is where ford really sees itself with driverless cars and a lot of the new technology, so it will be interesting to see where the stock is from here. anchor: we have been talking about the oil prices as well. a lot of excitement leading to the opec meeting. do you think the opec can actually succeed in driving the market higher even after vienna? su: a lot of the traders are saying the extension of the agreement, which is what we hearing, is alrea

some are looking at numbers, you know what, defense contractors, northrop grumman, raytheon, generalynamics are at all-time highs. ok, let's call his agent. i'm coming over right now. the newly advanced gle can see in your blind spot. [ dinosaur roars ] onboard cameras and radar can detect danger all around you. driver assist systems can pull you back into your lane, if drifting. bye chief. bye bobby. and will even help you brake, if necessary. it makes driving less of a production. lease the gle 350 for $579 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergo

the golf, opening of a center for combatting extremist ideaologist and company deals that include raytheonng, ge, sysco among others that will result in an additional $270 billion of saudi investment in american businesses and american jobs. the president then went to israeli where he was received with incredible warmth. he strength america's unbreakable bond with israel. made the first visit to the western wall and gave a highly praised address at the muslim museum. the moving address spoke of a future in which quote, children around the world are to live without fear, dream without limits and process expert without violence. he said i asked this land to join me in fighting our common enemies to, to pursue our value and protect the dignity of every child of god. the president also visited to memorialized the victims of holocaust and to pledge never again. the president both with president netanyahu to apply for a renewed push for peace which they both agreed they'd work towards. he also discussed with both leadsers how to increase against terrorist. president netanyahu says quote, for the

exactly what i was going to ask, mike, who are the companies behind this, boeing, northrop, raytheon,d and was successfulful you know, important, obviously, for the companies, for the country. not even captain jack sparrow or wonder woman could save the box office. what's behind the numbers next. coming up, she told you to buy the brexit tip and trump dip, and he's on "fast money" to say what you need to buy right now. more closing bell after this. their experience is coveted. their leadership is instinctive. they're experts in things you haven't heard of. researchers of technologies that one day you will. some call them the best of the best. some call them veterans. we call them our team. your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. and if you do have an accident, our claims centers are available to assist you 24/7. call for a free quote today. liberty stands with

ceoscompanied by and business executives from a host of companies including lockheed martin and raytheons pivoted to the second portion of his first international trip. in brussels, head of the nato's some, all talk focusing primarily on counterterrorism efforts, particularly given the wake of the manchester terrorist attack. g-7it is a return to the meetings where it will be interesting to see whether or not he does have any new economic announcements. this is a very scripted president, a more scripted version of president trump than anything i have seen on his first international trip. brussels, he in did have a series of bilateral trade meetings, including those with the european union. david: kevin, thank you so much. it looks pretty nice in brussels. kevin: very nice here in breathless -- in brussels. jonathan: i'm getting jealous. city, it is not that bad. pedro, i want to begin with you very quickly. foreign policy seems to be a focus. before it was economics. we used to have guess come on here talking about an isolationist america. that seems to be changing. why a focus on foreig

thermo fisher, the manufacturer of diagnostic and testing equipment, is in talks to buy raytheon.ng to people with knowledge of the matter, an agreement could be reached as earlier is this week. on is worth about $3.8 billion. neither company could be reached a comment. that is the bloomberg business flash. francine: crude has jumped after saudi arabia and russia said they favor extending cuts through the first quarter of next year. the energy ministers of the world's biggest oil producers spoke at a joint conference in beijing. >> we've come to the conclusion that the agreement needs to be extended. we will not reach the desired inventory level by the end of june. therefore, we also came to the willusion that ending probably be better at the end of the first quarter of 2018. francine: still with us is nick gartside, chief investment officer for fixed income at jpmorgan. when you look at the price of oil, what is the price of oil that you model your yields at? nick: we think 55. it goes back to where it was at the start of the year, around that 55 level. francine: this is basicall

now, this is a three-way horse race, and lockheed martin has teamed up with korea aerospace, and raytheoning on their own. so boeing is the home grown player, and we're hoping that they're going to make the right choice. i'm sure that all the people in missouri are doing everything they can -- ashley: yeah. >> this is great news for missouri, and it is, just as liz said, this is a wonderful, ongoing -- because this is going to be the centerpiece of training for all the flying that gets done. ashley: right, right. >> so if you get the first 300 jets, you're likely to get the next 300. it'd be great for them. ashley: we'll see what happens. next, delta testing new software that could make checking your bags a lot easier the next time at the airport. you have to pay for it. [laughter] >> exactly right. yeah, the stocks haven't been in such an upright position these days. customer service is a real problem for the airlines in the airports. it's like getting prepared for a small military battle -- [laughter] so it's facial recognition where an automated machine can look at your face, match it

raytheon family factory.carrier factory. remember most jobs going to mexico. >> let me give you one more example this week why i said the economy is surging. industrial production. of the capacity utilization. what are we doing with our factories. the number came in at three-year high. what's driving it, steel, iron, oil. those are the underpinnings of our economy. those are good paying jobs. you don't make investments in those if you are a company if you don't have extreme confidence that we are growin growing. abby: it's interesting. president trump five months on the job. many of the working in the swamp of d.c. dealing with congress, dealing with the media. you see him here in saudi arabia first international trip talking about the deals he is going to make with foreign policy, with the economy. rles?is something that he he has worked in business for so many years. when it comes to deal making and dealing with foreign leaders, this seems to be a comfort zone for him. >> right, in a nutshell, what you are