many of those civilians have been killed with lockheed martin and raytheon bombs. this is why many of us on capitol hill want to stop any arms sales to saudi arabia. amy: i want to talk about the yemen war in a minute, the u.s.-backed yemen war. khashoggi, issue of jim mattis, the defense on hisry, when pushed pentagon investigating this, he said something like, "intellectually." donald trump, obvious the, the not treateder, had almost anything on his the days after khashoggi's disappearance. can you talk about exactly what the u.s. relationship is with saudi arabia? also, of course, it implicates jared kushner, very close to mohammad bin salman. "washington post" put out they had already wanted to get khashoggi to her him back to saudi arabia for, well, who knows what they wanted to do him from saudire arabia. also this information he had gone to the saudi consulate, the embassy in washington, but they told him he had to go to istanbul. he goes to the symbol to the consulate there, and they tell him, fine, they will give him the marriage document he needed, but he

companies like lockheed martin boeing and raytheon to suffer as a result much of the outrage has been specifically directed at the crown prince of saudi arabia mohammed bin sound man we've seen protests outside the white house here in washington and democrats are seizing on the trump administration's relationship with saudi arabia as midterm elections near. and we are now joined live by robert naiman who is the director of just foreign policy thank you for being with us here on our team international so trump says that the death of g. is unacceptable but that he does not want to scrap any arms deals with the saudis. what you make of that you know this new test huge lower zone saudi arabia first of all it could end u.s. support or the saudi war and yemen u.s. not just supplying weapons into ruling the saudi and u.a.e. warplanes in the middle of bombing runs twenty targeting information and providing diplomatic cover and the united nations the united states together with britain prince block u.n. security council resolution or ceasefire. so there's no question that united states has lev

what dore at raytheon, you do because there is a long-standing relationship between raytheon and saudieon and all the defense companies have been there for over 60 years. it started with a hawk system. now with patriot. the defense companies are largely going to try to stay out of the frying pan. while defense sales are important, they will not be directly involved and will want to stay out of the discussion between the government's. expect the defense firms to be quite. david: it is very much on president trump's mind, specifically arms sales. we go to a chart indicates that saudi arabia is a pretty big purchaser of arms from the united states. but theth: it is, defense sale issue is a red herring. it is quoted over $100 million. if you look at the last two years, they thought $4 billion -- bought $4 billion of defense a quote from the u.s. they never buy all of that. of the business conversation is not sales. the centerpiece of the business joint visionis 2030 is focused primarily on moving to a private sector economy. in order to do that, the saudis have to get more investment and b

i want bowing and lockheed and raytheon to take that money and hire people to make that incredible equipment. trish: i get it. but it's complicated stuff. you are looking at jobs here at home and a lot of money for american companies. and we are look at something pretty atrocious. we don't know. you mentioned jeff sessions earlier. we haven't heard a lot about the mueller investigation. president trump: there was no cleution. do you think i would call russia, i need help in idaho. i need help in iowa. let's call russia. it's a con job. it's a total con job. it's a disgrace. this is the democrats losing the electoral college they should have won easily. they lost and they come up with this excuse we lost because of let's see, russia. yeah, russia. i didn't make one call. the whole thing is so disgraceful. so it continues. it's a witch hunt. it's nothing for more than a witch hunt. most of people get it. including democrats. they look at me and wing at me. the democrats get it, too. it continues onward. jeff sessions should have never led it happen. he shouldn't have recused himself. he said i

. >> boeing, lockheed, raytheon. don't want to hurt jobs. >> reporter: former acting cia director and cbs contributor michael morrell -- >> i think if the saudis were involved in this, you will see some delay in arms sales despite what the president says. >> reporter: the khashoggi saga has jeopardized foreign investment in the kingdom and raised the real possibility of u.s. sanctions. according to sources, the emerging, and that's a key word, emerging saudi explanation is the government met only to interrogate the journalist, not r.ll him,ndhae hedly it is unclear if this account will defuse the crisis or satisfy the kingdom's many human rights skeptics. >>> america just three weeks. one of the most hotly contested midterm elections in decades. democrats seem poised to retake the house. one senate race worth watching is in missouri. polls show democrat claire mccaskill running neck and neck with republican josh hawley. president trump won missouri by more than 18 points. jeff glor is there. >> it's nasty. it's dirty

. >> caller: my stock is raytheon. >> that includes raytheon mentioned by name in the 60-minute interviewanthony in new york. >> caller: hi, jim, thank you for taking my call thank you for all the sanity you bring to an insane market. my question is about xlnx. >> i like it they had a good quarter. a couple of stocks are being hit, amazon being hit after the bell, apple being hit. there is a big sell in the nasdaq be aware, it is going to be included jeffrey in illinois. >> caller: hi, jim, for all the family pets. >> thank you >> caller: my question is about cisco systems. you had the ceo on a couple weeks ago. and he gave a positive outlook. >> totally. >> caller: and i was wondering ahead of their earnings, would you buy, sell? >> it doesn't make a lot of sense to me, i think it is a buy. and that, ladies and gentleman, concludes the "lightning round"" >> announcer: lightning round is sponsored by td ameritrade yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say ye

then i went into the defense industry and i was with raytheon. bale up ink on a hay londonderry in 2007. a friend of mine and i came out to support him, i went to about but in states with him, grew up in the deep south. firsther taught the desegregated classroom in our county in 1966. it has taken me 40 years to do something as important as my mother did. [indiscernible] dialogue]ible julian castro: thank you for -- [indiscernible] we need the next generation to come in. thank you.ro: i am happy to be here tonight. >> thanks a lot. [indiscernible] president trump: we met last -- julian castro: we met last time i was here. [indiscernible] >> welcome back. >> you covered both of the l.a. rivals. [indiscernible] president trump: how are you feeling -- julian castro: how are you feeling about the midterms? [indiscernible] >> he is running for state representative. [indiscernible] julian castro: how are you feeling and general about all of the candidates? [indiscernible] >> we have a lot of momentum going into this. [indiscernible] >> i am not running

the president now for the second time this week invoking boeing, lockheed or raytheon. they would buy it from the chinese or russians if they didn't buy did from us. the saudis have long bought equipment from the united states. you can't switch out parts. that argument, ahead of finding out what's going on, sending the message, i don't care what we find out what the saudis do, we do business with them. >> yes. we've never had a purely transactional foreign policy the way donald trump does. i was in saudi arabia with secretary kerry. yes, we did sell munitions to them, but we also talked to them about human rights and women's rights and not repressing the freedom of their own people with the weapons we were selling them. donald trump is like the chinese in that respect. we're going to leave well enough alone. by the way, as you know, the saudis always build up what they say they're buying. they're not buying 110. by the way, they don't want russian missiles and they don't want chinese missiles. they want american missiles. also trump is such a poor negotiator, he gave th

boeing, lockheed, raytheon, all these-- i don't want to hurt jobs.on't want to lose an order like that and you know there are other ways of punishing to use a word that is a pretty harsh word. but it's true. >> the saudi stock market plunged after the president promised tough action. saudi officials have called the allegations baseless and in a new statement said the kingdom also affirms that if it receives any action it will respond with greater action. a growing number of companies and individuals are pulling out of the saudi investment conference scheduled for later this month but treasury secretary steve munchin says he still plans on attending, a decision that is drawing criticism from both democrats and republicans, demarco. >> weijia, it is no secret this is unfolding weeks from the mid 2er78 elections and president trump announced campaign rallies in three state this we can. what is the latest in in high stakes race? >> well, a new cbs news battleground tracker shows that the democratic lead to take ever o the house continues to grow. they ne

>> what i don't want to do, boeing, lockheed, raytheon, i don't want to hurt jobs, i don't want to lose an order like that. there are other ways of punishing. >> guys, there are concerns here saudi arabia could use its oil as a weapon if they raise those oil prices it will not not just the u.s. economy but the global economy. a lot at stake here. phillip and marlie. >> many seeing this as a matter of money over morality. >>> president trump hinting at another cabinet shake-up. he opened the door to the departure of defense secretary, general james mattis. >> what about general mattis. is he going to leave? >> it could be he is. i think he's sort of a democrat, if you want to know the truth. general mattis is a good guy. we get along very well. he may leave. at some point, everybody leaves. people leave. that's washington. >> a pentagon spokesman said secretary mattis is focusing on his job. >> and focusing on brett kavanaugh's accuser. >> you mimicked professor ford. >> had i not made that speech we would have lost. she tried to destroy the life of a man who has been extraordinary. >> w

. >> boeing, lockheed, raytheon-- all these-- i don't want to hurt jobs.on't want to lose an order like that. and, you know, there are other ways of punishing, to use a word that's a pretty harsh word, but it's true. >> reporter: today, on jamal khashoggi's 60th birthday, turkey again demanded that its investigators be allowed inside the saudi consulate to search what they suspect was the scene of his death. tony. >> dokoupil: holly williams for us again tonight. holly, thank you very much. coming up next, nearly 50 years after he took one small step for man, one giant leap for mankind, you can own a piece of space history. movie theaters this weekend is "first man," starring ryan gosling as american astronaut neil armstrong, the first man to walk on the moon. next month, thousands of frrtrg's aresre gng up for auction. here's anthony mason. >> so there's a foot on the mo moon. >> it's one small step for man, one giant leap for man kind. >> reporter: it's been nearly 50 years since neil armstrong took those historic steps on the moon. and to help mark the

. >> what i don't want to do, boeing, lockheed, raytheon, i don't want to hurt jobs. i don't want to lose an order like that. and you know what, there are other ways of punishing, to use a word that's a pretty harsh word but it's true. >> reporter: republican senator marco rubio says the allegation could devastate the u.s. relationship with saudi arabia. >> there is news reports out there that there's some sort of audio video evidence of what occurred. if that were to emerge, or frankly if questions here unanswered, there's no video of him leaving that facility. there's going to be a big problem. >> reporter: the saudis have denied any involvement with the disappearance. meg oliver, cbs news, new york. >>> we're keeping a close eye on the situation in the north bay and sierra where tens of thousands of people living in wildfire prone areas are in the dark tonight. after pg&e has shut off their power. that includes napa, sonoma, and lake counties. several schools in those areas have canceled class tomorrow morning. pg&e says they're not taking any chances as fire weath

clearly saudi arabia is one of the rld's largest oil producers, but also by corpote america since raytheon, dow chemical and weatherford among others all do business in that country. hadly gamble isor in riyadh fs tonight. >> reporter: u.s. secretary of state mikpompeo is on route to riyadh as relations between the united states and saudi arabia reached a critical point over the disappearance and possible death of saudi journalist jkhal hoggi. the move came as reaudiyadh prod severe pun was involved in his zmeerns and even death. >> there's a lot at stake and maybe especially so because this man was are rter. you'll be surprised to hear me say that. there's something really rrible and disgusting about that, if that were the case. so we're going to have to see. we're going to get to the bottom of it, and there will be severe punishment. >> the saudi government broke almost t weeks of silence on sunday in a statement denying involvement and threatening retaliatory measures if sanctions were leveled against it. the king announced an internal investigation would took place, as well as a joint

. >> boeing, lockheed, raytheon, all these companies, i do with her jobs. i don't want to lose them like that. there are other ways of punishing them, to use a word that is harsh. but it's true. >> reporter: on saturday, jamal khashoggi 60th birthday, turkey again demanded its investigators be allowed inside the saudi consulate. to search what they suspect was the scene of his death. holly williams, cbs news, istanbul. the mac this california senator is stoking speculation about a possible presidential run in 2020. the junior senator has booked her first campaign trip to iowa, which of course is the first caucus state. she will be there on october 22 and 23. the trip -- follows sops in wisconsin and north carolina. last month she said, she would take a serious look at running for president. >> southern california was hit with mild weather this weekend. one man is lucky to be alive after he says he was struck by lightning. we aren't immaculate with what might have saved his life. >> reporter: talk about the shock of a lifetime. it's immaculate man was struck

. >> boeing, lockheed, raytheon, all these companies, i don't want to hurt jobs. >> reporter: former acting c.i.a. director and cbs contributor michael morrell. >> i think if the saudis were involved you will see some delay in arms sales despite what the president says. >> reporter: the khashoggi saga has jeopardized foreign investment in the kingdom and raised the real possibility of u.s. sanctions. the emerging -- and that's a key word -- emerging saudi explanation is the government meant only to interrogate the journalist, not kill him. and those responsible were initially reluctant to admit their deadly blunter. it's unclear if this will satisfy the kingdom's many human rights skeptics. jeff? >> glor: all right, major with the latest on that emerging explanation, as you say. t e president flew to the sorida panhandle today to see for himself the devastation from hurricane michael. five days after the storm hit, the search for victims continues and the recovery is just beginning. isar villafranca reports on this. >> reporter: president trump surveyed the damage from the air first

companies like lockheed martin boeing and raytheon to suffer as a result much of the outrage has been specifically directed at the crown prince of saudi arabia mohammed bin some on we've seen protests outside the white house here in washington and democrats are seizing on the trumpet ministrations relationship with saudi arabia as midterm elections near. artie's dan cohen reporting there from washington d.c. we know that you'll see across the story for us this is a developing story and i'm sure that we will be with you again. all right we are now joined a live to discuss this further with us diplomat jim john trust jim always a pleasure to have you with us. you and i had a chance to chat a little bit about this in the break in the sound check what we know is that stepped into the saudi consulate on october second to get documents for his marriage and the saudis are now saying that he got into a fight and died. were this a little bit differently now that we're on t.v. do you believe his explanation. no i don't particularly and i think the real this really just. multiplies the advantage

the major five weapons manufacturers lockheed martin northrop grumman boeing general dynamics and raytheon get such a huge share of the pentagon budget and how the they use that money to pay lobbyists that go in and a lot before continuing the increase in the pentagon budget but also in favor of endless war because that's important for their marketing whenever there is a chance at diplomacy like in north korea you see their stocks going down lockheed martin is the largest manufacturer of weapons in the world and its wants to maintain the threat of war if not actual war all over because that's what it does is and it really does very briefly that do you think the top administration is going to be letting a war on iran like the one john bolton force or before he was appointed national security adviser i don't think they want to send troops to iran but i do think that they do that they are laying the groundwork for u.s. bombing of nuclear research facilities in iran or some kind of attacks on iran in other countries around the region bolton is certainly been a hawk from many years calling for

. >> what i don't want to do, boeing, lockheed, raytheon, i don't want to hurt jobs. i don't want to lose an order like that and there are other ways of punishing to use a word that's a pretty harsh word, but it's true. >> reporter: republican senator marco rubio says the allegation could devastate the u.s. relationship with saudi arabia. >> there is news reports out there that there is some sort of audio video evidence of what occurred. if that were to emerge or any other facts were to emerge or frankly, if questions here are unanswered, there's no video of him leaving that facility. there's going to be a big problem. >> reporter: the saudis have denied any involvement with khashoggi's disappearance. meg oliver, cbs news, new york. >>> coming up a kid with big dreams for seven weeks embarking on a challenge most people won't even consider trying. >> a reenactment of one of the first vietnam war protests that started right here in the bay area. most adults wouldn't consider trying. and as kpix-5's john ramos tells >>> for the last seven weeks a san francisco 5th grade

companies like lockheed martin boeing and raytheon to suffer as a result much of the outrage has been specifically directed at the crown prince of saudi arabia mohamed bin solemn on we've seen protests outside the white house here in washington and democrats are seizing on the trumpet administration's relationship with saudi arabia as midterm elections near. we're joined live now by anti-war activist richard becker richard thanks for being with us as we kind of sort through this whole mess is what i would say. necessarily rabia says he jamal khashoggi stepped into the saudi consulate on october the second to get documents and then got into a fight and died when i had a chance to talk about this briefly during the sound check. how does this explanation add up to you. well it doesn't add up at all i mean as someone remarked to me who are the consul and mike tyson i mean the idea that he was killed in a fistfight and then his body was disappeared and the was a group of fifteen people who came directly from saudi arabia that they participated in this apparently they were in the fistfight

you take a look at some of the names you that say have more leverage to saudi, lockheed as well as raytheon, they haven't seen the runs that boeing have seen could they in fact in terms of having more down side on the stock side, could they see more pressure because they didn't see that big run-up in the first place and they may actually see the impact here >> i think you've got to separate boeing from the rest of the defense primes at this point because the boeing run has been all about the commercial aerospace business secular growth and air travel and expansion in their margins that's been a wonderful trade and we think it's far from over but as far as defense goes i'd agree with morgan. this is a group that has a growing list of things to be worried about after several years of these stocks doing nothing but going up and whether that's the budget, whether that's rising interest rates, whether that's the saudi issue as we talk about it or the government earlier pushing on payment terms. this was a sort of teflon group for a number of years. and now the question is can we weigh evaluation

of it so would you cut that off on what well i'll write what i don't want to do boeing lockheed raytheon all these cars i don't want to hurt jobs i don't want to lose an order like that and you know there are other ways of. to use a word that's a pretty harsh word but it's true to tell everybody what's at stake here you know that this was is a lot of there's a lot at stake and maybe especially so because this man was a reporter there's something you'll be surprised to me say that there's something really terrible in discussing about that if that were the case so we're going to have to see we're going to get to the bottom of it and there will be severe punishment and charles traffic has the latest from istanbul. pro-government turkish media say it has proof that jamal who showed she was murdered by a saudi hit squad that proof it says is a recording made using an apple watch which the journalist was wearing on the day he entered the saudi consulate in istanbul turkey government sources told al-jazeera the watch was sinks to his phone which he left with his fiance who waited for him outsid

complex there's billions and billions of dollars at stake when they get out of this treaty that raytheon and all the rest of the big companies we manufacturing these missiles installing them in europe and it's very scary prospect so i think bad things happen when the a.b.m. treaty was abandoned this is probably worse. it's. this is ronald reagan's last great achievement these people are always praising ronald reagan but now they just tossed him overboard and his his his final great achievement with prime minister gorbachev so it's it's a terrible thing bolton of course is a neo con but the neo cons are warmongers they long advocated a first strike against the soviet union many of them advocated for a strike against russia so is this what this is about to make a first strike. easier for the u.s. to bring about. i hope to goodness not no question it's going to bring about on our own an increased arms race so the russia's going to us is going to build many many more nucular into missiles i guess russia will too it's just horrendous. will a meeting between mr putin mr trump make any differen

. >> i think it is okay, it is not my favorite, i like raytheon but i never going to quibble anyone who buys general dynamics you have that interest in it and i am going to endorse it as a great buy. tim in maryland. >> caller: big booyah from maryland i am a young investor. and i have learned so much from your show. i am calling about symbol hei. i like the industry, they are in replacement parts for planes and what not i consider that positive they have a nice earnings report at the end of august and selling off ever since is this still a buy here >> i like the company very much. boeing has a good service business too by the way. this is a company that i always felt was going to get acquired it is up a lot but i do like it and let me say thank you for those kind comments my goal is to demystify and i am succeeding when i hear great things from you. greg in my home state of new jersey. >> caller: mr. cramer, how are you? >> not bad, how are you? >> caller: i am good my question is about ctas, cintas stock has gotten hammered since then >> here is what is happening it is exactly what i

much for the american economy or the american worker it's certainly good for lockheed martin boeing raytheon a handful of people be the main beneficiaries of of the business that is going on even if what he was saying was true let's just say that was all true can you can you put that way that on one hand with the other hand we're talking about the possible. ghastly murder of a journalist is there any justification for maintaining these ties or at lot or at least not demanding a transparent investigation no i think it's an obscene comparison and no amount of money should justify supporting murder supporting the kind of indiscriminate killing that the saudis are doing in yemen with u.s. weaponry and so you know even if trump were closer to the mark which he is not about the economics of it i see no justification and of course as you heard earlier they seem to be willing to accept the saudis investigating themselves which of course is ridiculous if you want to get to the bottom of this does. it does the u.s. need to stop the trumps administration need it the saudis for what they're trying to ac

the saudi arabian defense ministry orders baum's from us from raytheon its british subsidiary subcontracts the rime a town subsidiary w.-m. italia to produce them contract is worth more than sixty three million euros. the order was delivered from dormice nov us to jeddah islamic seaport from where it was taken to the end customer the royal saudi air force this contract ran until mid twenty seventeen and covered thousands of m.k. eighty three bomb. since the start of the saudi at campaign in yemen in twenty fifteen at the very latest it is being doubtful whether the arms exports are in line with italian law. is that the deep vein these are sales to a country at war to a conflict that has been condemned by the united nations a numerous occasions the italian constitution which condemns war and a law on arms exports totally prohibits. this kind of export. how is it possible for to export bombs from soundin into saudi arabia nonetheless. the italian defense minister said it had nothing to do with. these are not italian bonds they are covered by a contract signed by a us firm that subcontracted

. >> this stock is up too much i prefer raytheon which we tell club members is very good.rd in arizona >> thank you for taking my call, i extend to you a warm welcome from the valley of the sun i own energy transfer partners so buy more? >> yield is ten. they are doing a lot of things to make the structure better it is still too risky for me but i understand why people are attracted by it. and that is all i have to say about it lisa in indiana. >> caller: hi, jim, what is your take on black rock >> some of the best people working there. so i say hold on tom in new jersey. >> caller: hi, jim, tommy from new jersey first, i want to thank you for giving me the skills to make my financial dreams come through. >> we want to teach a man to fish thank you. >> caller: what's your thoughts on jet blue? >> i like continental. i have chosen to not push any other airlines i like united continental, and then american, and delta and then jet blue. but not before then. it is too dicey. and then leo in utah. >> caller: thank you for taking my car, i am interested in txmd. >> too speculati

boeing, lockheed, raytheon, all these com-- i don't want to hurt jobs. i don't want to lose an order like that. there are other ways of-- punishing, to use a word that's a pretty harsh word, but it's true. >> stahl: tell everybody what's at stake here. you know-- >> trump: well, there's a lot at stake. there's a lot at stake. and, maybe especially so because this man was a reporter. there's something-- you'll be surprised to hear me say that. there's something really terrible and disgusting about that-- if that were the case. so we're going to have to see. we're going to get to the bottom of it, and there will be severe punishment. >> stahl: you've had a string of wins lately. let's see-- the economy, the d-- the trade deal. >> trump: right. >> stahl: with canada and mexico, kavanaugh-- >> trump: and south korea. >> stahl: and south korea. and kavanaugh, the confirmation. >> trump: there has been no administration in the history of our country-- and i say this openly and proudly-- that in its first two years-- >> stahl: say this is modestly. >> trump: we

up, one is for you, joe, poly in connecticut, said it before the break, defense stocks, lockheed, raytheono? >> this is a classic example of good news/bad action think about all the positive earnings this sector has had with boeing, with lockheed, and northrop grumman which i'm long. northrop grumman down eight days in a row, down 14% doesn't make any sense i've been wrong on this, i can't suggest going in and buying them here i'm yutilizing it as basically portfolio hedge in case the world goes awry. that's how i'm justifying it but i'm clearly wrong on this. >> okay. serat? exxon, time to buy it? tom in billings, montana, for row. >> i wouldn't buy ex-xon at this point, but chevron a better-run company exxon is a little too much -- >> shane, in boston, e-trade, it's 47, is somebody going to buy it >> that part, i can't tell shane whether or not anybody's going to buy it. i will say, judge, yeah, over past week, you got td ameritrade and e-trade, both moving up by between 2% and 4%. against the negative market that we had last week and with those interest rates coming down i like it here.

esta noche raytheon nocturna, la tormenta tropical se debilita.currÍan sÓlo en pelÍculas estamos completamente equivocados. todo paso fin de semana cuando estos reos se escondieron en dos cestos que otros prisioneros sacaron para que se lo llevara el canal de la basura. pero antes de que ocurriera, salieron y se vistieron como sÍmiles ara darse a la fuga pero luego lo re aprendieron. gracias nos vemos con mÁs informaciÓn maÑana a las seis. patricia: jueves, 11 de octubre y estas unas noticias. una aciÓn catastrófica , es el resultado del paso del huracÁn michael por zonas del noroeste de la florida, donde cientos de miles de usuarios siguen sin electricidad. el vicepresidente mike pence le solicitÓ al ir de tres paÍses indoamericanos quesus ciudadanos no entren estados unidos ilegalmente. o rindieron cuentas por los niÑos separados de sus padres en la frontera con estados unidos. genera polÉmica entrevista de melania trump con abc,a la que se refiere entre la crisis de confianza entre el presidente y miembros de su gabinete, comenzamos. ♪ ♪ locuto

lockheed martin and raytheon have significant deals with the saudis in terms of construction and defense sales. these can be impacted by the geopolitical tensions i mentioned. ibm and paypal going to report. a lot of the mobile pay companies like square under increasing pressure, so they will be very telling. let's look at the bloomberg. we heard at the top of the hour from shery how that earnings have been positive. continuing green. there is an expectation we will extend the streak of surpassing earnings projections. the trend could provide support to this very volatile market. ride lasthad a wild week, but we have more headspace to look at valuations at the moment, ipo's also a focus on the latest data. what do we see? action-packed week. let's start with the selloff. tencent is one of the spotlight stocks. its record selling -- setting selloff, a bit of a rebound on friday. this kind of sharp selloff, to thoseas given pause in the ipo market. tencent music being delayed. there are other interesting developments. goldman sachs bought some shares of an ipo. there are talks of introduci

contractors are coming together in a 33.5 billion dollar merger to take on other defense contractors like raytheoninvestors like it with the bullish activity but not so all is on occidental petroleum. it's dipping lower but not down so much on the year. down about 6% on the news that qatar petroleum said it would take back the third largest oil andd in the persian gulf this is weighing on the shares of occidental. vonnie: thank you. moving on to geopolitical tensions affecting global u.s.mics particularly the markets. let's bring in our chief u.s. to economist. policyegin with the fed mistake that no one is talking about and that is potentially shrinking the balance sheet too far. >> this is something our strategy team has done a lot of work on. the thesis is simple. if the fed strengths the balance sheet too much in an environment where demand remains pretty lofty for reserves, this is the cheapest way to meet their lcr requirements, then what would wind up happening is you would introduce volatility to the short-term market. this is something our strategy team has talked about literally for mont

a silmarillion.everyby in htoryr raytheon now. you're welcome!" ( cheers and applause ) of course, a prince william! of course, some liberals on thee they hang out. >> jon: that's right. >> stephen: some liberals on the internet are trying to downplay the saudi arms deal, saying that, at best, it is "potentially supporting tens of thousands of new jobs." what left wing blog did we get that stat from? whitehouse.gov. ( laughter ) or as trump put it: "fake news from the failing white house." ( laughter ) ( cheers and applause ) (as trump) i don't trust those guys, i don't. of course, it's sometimes fun to catch the smaller stories that slip through the news cracks. here's a fun one: we might be closer to nuclear war. because, on saturday, trump announced that the u.s. will withdraw from a nuclear arms treaty with russia. is this because of "creed ii"? ( laughter ) "this one is for apollo." the deal trump wants to pull out of is the 1987 intermediate-range nuclear forces treaty that was signed by ronald reagan and mikhail gorbachev. so trump is reope

that means companies like general dynamics, boeing, raytheon, whose stocks were under pressure last week, could potentially lose an awful lot of money. so he said he would rather do something else as a possible sanction against saudi arabia rather than restricting arm sales. he thinks that's too much money coming into the united states to do something like that. >> dana: all right, john roberts. thank you for that. for more on this, former senior director of the national security council and former u.s. ambassador to poland, now distinguished fellow with the atlantic council. let me ask you, because you know a lot about the state department, how significant is it that president trump is sending secretary of state mike pompeo to saudi arabia today? >> very. it's a good move. it shows that the administration has gone past denial in trying to brush this aside to acknowledging that there's a serious problem and sending mike pompeo is a good way to talk to the saudi government, the royal family, and determine the way forward in a way that's critical. >> dana: what about the fact that the turk

boeing, lockheed, raytheon, all these comp-- i don't want to hurt jobs. i don't want to lose an order p)ke that. >> stephen: ( as trump ) "look, it took me forever to seal the deal. i threw in leather seats and the undercoating.ers going to kill . not saudi arabia kill me, but bad." ( laughter and applause ) they love a deal. >> jon: oh, yeah, they love a deal. >> stephen: they love a great deal. that quote that you heard right there was part of a "60 minutes" interview last night. ge sat down with leslie stahl for a wide-ranging discussion bat included topics like global warming, and at one point trump snied that he was a denier. >> i'm not denying climate change. but it could very well go back. you know, we're talkin' about over a millions-- >> but that's denying it. >> --of years. they say that we had hurricanes that were far worse than what we just had with michael. >> who says that? "they say"? >> people say. people say that. ( laughter ) >> stephen: yeah, leslie. people, they say it! gsd as we know, trump gets all of the latest scientific y formatio

reuters spoke to the person of raytheon who said if the saudi order were executed, it could help to sustain0,000 u.s. jobs. the number of in jobs created would be a small percentage of that. what about adjacent jobs? a research level to reuters would be about 3.2. reuters estimate about 20 to 40,000 sustained are new jobs involved in the saudi industry. the total, again, only if the whole deal goes through which, by the way it shouldn't because the saudis are starving the yemenis to death. 84 to 168,000 new jobs. we have a laugh here at trump's ridiculous lies. it's important to remember they are, in fact, ridiculous lies. >> i think that's over a million jobs. these folks, they don't have time to go to the post office they have businesses to grow customers to care for lives to get home to they use stamps.com print discounted postage for any letter any package any time right from your computer all the amazing services of the post office only cheaper get our special tv offer a 4-week trial plus postage and a digital scale go to stamps.com/tv and never go to the post office again! >>> attorne

reuters spoke to the person of raytheon who said if the saudi order were executed, it could help to sustainu.s. jobs. the number of in jobs created would be a small percentage of that. what about adjacent jobs? a research level to reuters would be about 3.2. reuters estimate about 20 to 40,000 sustained are new jobs involved in the saudi industry. the total, again, only if the whole deal goes through which, by the way it shouldn't because the saudis are starving the yemenis to death. 84 to 168,000 new jobs. we have a laugh here at trump's ridiculous lies. it's important to remember they are, in fact, ridiculous lies. >> i think that's over a million jobs. prestigious jobs over the years. news producer, executive transport manager, and a beverage distribution supervisor. now i'm a director at a security software firm. wow, you've been at it a long time. thing is, i like working. what if my retirement plan is i don't want to retire? then let's not create a retirement plan. let's create a plan for what's next. i like that. get a plan that's right for you. td ameritrade. ♪ if your moderate to s