it is a buy, raytheon. that's a merge between raytheon and united tech. go to romy in virginia romy >> caller: hi, jim this is romy in virginia i have a question in reference to bristol-myers. >> bristol-myers krorz that's right >> i think the merger, the merger with celgene is going to be a winner. >> buy, buy, buy >> it is true that i like the abbvie-allergan more, but it's a dynamite combo let's go to denise in virginia denise >> caller: hello, boo-yah, jim this is denise from virginia my husband and i are top fans. >> thank you >> caller: and recently, he's looking at jbg smith for a long-term stock portfolio. so tonight i wanted to surprise with a call to you >> if you're going to be that good of a thing, i'm going to send you back to ventoss i don't want to go far afield like you are let's go to daniel in pennsylvania daniel daniel >> yes >> come on, my brother what do you got? >> caller: yes >> you're up it's jim >> cramer. >> yeah, it's cramer >> caller: thank you for the valuable service your helping for the unsophisticated investor. >> thank you

we want to check on defense stocks with north rop and raytheon reporting raytheon delivering a beat and 2.5% the aerospace and defense has been overperforming. why? earnings a time when manufacturing is contracting or seeing signs of it, broader industrial sector lowering global growth, this group has sales growing. key area to watch, albeit limited fashion, classified, restricted work. this is a theme on some calls we have gotten this week. going faster than outlays for defense dollars more broadly north rop, building the building that stealth bomber, and raytheon are examples, so is lockheed martin, work on missiles is fueling big development deals that continue to grow into next year it speaks to how the u.s. is thinking of future threats, the idea of strategic competitors in china and russia, how closely it is guarding some of the new technologies, but it would really seem on some earnings calls that it is increasingly turning into less is more, especially with a name like north rop grumman, almost a third of their sales are classified >> we're going to try to complete the transacti

i'm not going to read the whole list, but salesforce, disney, raytheon, target, i mean, i don't know who owns a name like aramark or dover or new york community bank, but those are the buys >> so new york community bank is one of the companies that i've been researching and it's kind of topically, it look like a complete dog when you look at it, right? it does, at first. and when you dig down into it -- and oh, by the way, they have all of this sensitivity to like changing leases in new york city and changing rental rates and a ton of political exposure. but you dig down into it and you see how incredibly solid and consistent the cash flows are. and you can look back to '08, '09, and you see that they can sustain the dividends and clothes even in this environment. >> where do we go on raytheon yesterday? >> that it's in the penalty box while they're undergoing a merger with united technology. nobody likes that merger, nobody trusts that it's going to -- >> these guys like raytheon. >> i don't, but as i said yesterday, there are others i look i like lockheed martin and boeing in spite

so brett scarborough from raytheon. dan from google cloud. general great to hill from the federal group, brad from hamilton booz allen, will ash from cisco. matt barry from ap federal, dave from amazon web services, and charlotte from northrop grumman. if we could all give them a round of applause, please. [applause] just a couple logistical announcements. if you're a member, you can get credit i going to the registration desk and giving them your member number and they can send you a print certificate or they can give you a print certificate or they can send you a digital certificate. if your an osaka member i gather you have to to the osaka portal to register for a continuing education. we're delighted to partner with those continue education organizations to offer continuing education credit for those of you who would like it. this is a very full and exciting afternoon. i'm very excited about, we will have a number of keynote from general crall who will be introduced shortly. we then love a number of panels and will conclude with keynotes

raytheon is in the box that nobody likes the takeover with united technologies.ocks i like are northrop grumman and they are seeing the biggest he growth, missiles and satellites. >> you've been around a missile or two in your day. >> i have, lockheed martin and northrop grumman i like those town hawks, raytheon. >> stephanie from lee in washington, d.c., united health. >> it's been painful. >> what do you think >> it's best in show in that space. it's 13 times estimate and yielding 2% but it's in the political crosshairs right now you have to be patient i'm tolding on to my position but you have to be patient. >> doc from mark in orlando, oxy. >> mike, it's still right here at this level, and i think you can see this stock be a $60 handle by the end of the year. they're doing a lot of divestitures right now and that will help. the ceo is pushing hard. they've already done 10 billion of those asset sales they're on track. >> last but certainly not least, pete, from leslie in florida the fxi. >> last time we had unusual activity was last week and that stock was tr

you buy it. >> it is important to remind people, emerge with raytheon, this company gets split apart. and oates go their separate ways and as you say the main part of it. >> let's plan out, i'm into esg these days, some people think that your eyes glaze over. i'm not going to let them. 38,000 people put through college. through higher education we think that business isn't the greatest source of a platform of change isn't that amazing 38,000 people go through school, because of greg hayes. let's not forget business isn't just for capitalism. >> the other proxy for china is carrier, orders were down 11. >> carrier was weak. it was weak for residential too. it is a disappointment i'm not going to -- i can't hide that i was surprised. but, you know what, maybe the climate control business was just in the end a security climate control up .5% year over year disappointing. but in the enough to make it so people say, i don't want to own this stock instead, they say, raytheon, united technologies, pratt and whitney is amazing. >> you mentioned boeing. some headlines on reuters now, they have

so brett scarborough from raytheon, dan from google cloud, general greg twohill from sex terra federalup, brad from booz allen, will ash from cisco, mark kerr and sean love from northrup gullman. so if we could all give them a round of applause, please. so just a (applause) couple logistical announcements. i'm trying to keep us right on time. if you're a member of that, isc squared, you can get credit by going to registration desk and giving them your member number, please, and they can send you a certificate they can give you a print certificate or they can send you a digital certificate. if you're an osaka member, i gather you have to go to the portal to register for continuing education. so we're flighted to part delighted to partner with those two continuing you would organizations to offer continuing education credit for those of you who would like it. so this is a very full and exciting afternoon. i'm very excited about. we'll have a number of, a keynote from general crall who will be introduced shortly. we then will have a number of panels, and we'll conclude with keynotes from

he's bullish on a pair of defense stocks the firm upgrading raytheon to outperform raising that priceshare from $188 you can see both of those stocks are trading up slightly. credit suisse saying the market is under appreciating the value and pegs the raytheon upgrade to the defense company's proposed merger >> they are getting together buckingham downgrading delta to neutral and lowers fries target to $58 the firm cites a challenging cost outlook dropbox is its favorite stock. >>> these different names is there one that looks attractive to you or several? >> united technology is very interesting and you'll like raytheon if you like united airlines technologies. i like their deals i think you'll see margin upside as well. you have synergies from the transaction and spin this story gets complicated as a result some pms are shying away until it gets more simple. you want to buy now. it's a good story. >> pretty amazing because we've seen aerospace and defense names sell off aerospace side you can make the argument around slowing global economic growth and their ties to china, et cetera.

and everybody should be make their mile and keep making is this is what you're boeing's in your raytheon's and everybody should be made there yes they should just say. all right here in the us yes they should just say. all right here in the united states we have a problem with waste as we were just talking about once we are done using some states we have a problem with waste as we were just talking about once we are done using something we kind of toss it aside gobble up gobble it up and then go on to the next thing like pac man then we kind of toss it aside gobble up gobble it up and then go on to the next thing like pac-man on a bender this racist waste was can be found not only in our epic amounts of food waste of a bender this racist waste was can be found not only in our epic amounts of food waste and the pollution it causes but also how quickly we forget the soldiers we send off on our adventures in the pollution it causes but also how quickly we forget the soldiers we send off on our adventures in empire maintenance once they get back home currently there are over 40000 in the empir

war material manufacturers raytheon and united technologies the new company will be called radio on technologies and x. is expected to jump ahead of northrop grumman to take the title of 2nd largest war contractor in the united states united said knology c.e.o. greg hayes reportedly engineered the merger as the culmination of his efforts to remain. the company mr hayes is expected to become c.e.o. of the merged corporate entity pending regulator approval of the deal. and in auto news general motors is said to have increased their offer to the united auto workers in hopes of ending the nearly month long strike that has put nearly $46000.00 g.m. employees on the picket line according to sources familiar with the issue g.m. has upped their investment pledge to $7700000000.00 for direct investment into u.s. factories the offer is up $700000.00 from the offer prior to the strike that would have included direct and indirect investment in direct investment would include joint efforts with partners while direct investment funds would be directly injected into g.m. factories while sources say the proposa

the raytheon company also lost highly skilled employees and friends.he shipbuilding community was in shock. former thresher crewmembers lost submariners and a boat on which they proudly served. the nation lost 129 men, defending our country during the cold war challenges with the soviet union. and the 129 families lost loved ones. as thresher families know, no family, no individual is ever prepared to process the shock of the tragic news like the thresher disaster. no one is prepared to grieve or properly comfort or console family members and friends. it was very difficult for the families. they had hoped and prayed their loved ones would be saved, but there were no bodies, no caskets, no real closure, just memorial services. in his book, "silent strength," the author has a chapter titled "one disaster, 129 stories." indeed, each family has their own personal story on how they cope with their loss. memories of our loved ones are all that remain for our thresher families. every thresher family has their own story on how they learned of the thresher disa

earlier this week, united tech is merging with raytheon, but i met the elevator parts and climate controls can win even without a china deal after the close we hear from not value, but a great company, which is chipolte. the shock is up 100% this year i expect to hear good things about their delivery and their new carne asada. i told them i wanted that on the menu, but i ordered it through one of those door dash things. on wednesday morning, boeing reports -- today we learned some incriminating text messages from an employee who allegedly indicated knowledge of real problems with the system that went haywire on the flights that crashed killing all aboard when that news came out, this stock got hammered it's down nearly 7%. the story is horrifying. now, this is "mad money" and i'm not trying to make -- just trying to make any sort of e equivalence with what happened to boeing in the jets, but this thing is going to get resolved and i felt like today may have been one of the lower moments. you've got to start thinking about what's going to happen when this plane gets off the ground i know th

. >> raytheon, all of the big companies. >> all of the big companies. please, please don't leave. we're spending billions. >> keep the money flow. >> keep the money flow. they know from experience that once we pull out, we don't go back. >> who coined the debate stage among the democrats, if they're asked, will you commit now to sending more troops to northern iraq? who's going to agree -- who's going to agree? will anyone on that stage -- do any of them want to vote for a military reauthorization? because i'm getting a little tired of this post9/11 military authorization that justifies all of this expenditure. >> remember the only one who will be unambiguous about the position is chelsea gabbert. >> i want to get you to comment on what happened today, the defense department announced they're deploying an additional 3,000 troops to saudi arabia. and the secretary justified saying we are still committed to our allies. since may, the dod has increased forces to the area by about 14,000. so what do we not -- what is going on here? because we're pulling troops out of this area of syri

i want it off my balance sheet the merger with raytheon, we don't talk about that.very quietly. >> a special case. >> defense is -- look, everybody needs -- it is amazing how when you look at what the saudis have, you look at what the turks have, the kurds is hard to understand our great ally, the turks have tremendous military, and they have universal -- by the way, universal participation in the military but you see how much arms we provided to everybody, we did do -- >> so if these industrials are reflecting maybe a china deal, pmi stabilized, can the fed -- >> gets you off the hook i don't think he's off the hook. i think there is still -- the yield curve is what is going to be maybe his friend. if we get long rates up. i think he's committed to one more >> maybe not this month. >> no. maybe not this month maybe he needs to see -- the employment is so strong, carl? it is incredible there is no inflation. i know ron paul was saying there is a lot of inflation that -- he's a gold bug. i -- show me the inflation at walmart >> healthcare, and, you know, some -- i gu

raytheon pac had given him some money at that point. the liberals weren't all that wild about the idea of this schiff character pushing the trump narrative, because they thought, he's kind of a pro-military expenditure, ra-ra get more money to these other governments. they weren't thrilled about that. what else have you found? >> he was running against obama administration policy there.so e democratic party is all in lockstep on trump-russia, and now trump-ukraine, he was going against obama administration policy regarding ukraine and russia at the time. there is another issue, as well, with mr. pasternak, and i want to be very clear about this. i think it is something we should start looking into and know about. as you said, mr. pasternak started getting involved in started doing deals with the ukrainian defense industry, starting at the time of the conflict began in 2014. and now one of his projects with the ukrainian defense industry is under investigation. it's not him, and it is not his company itself, but it's the deal that is und

all of the distraction with boeing >> no, it's united technologies, which will be combining with raytheong out their business, the premium aerospace business in the world. so i want you to go with united technologies look, this is a tough one. i mean, breaking up is hard to do but in honeywell's case, it's a sign that steer clear of two companies that actually are the -- good companies seriously, garrett the best turbo charger, re-sidot may be sub standard but maybe someday. honeywell always been good much more "mad money" ahead. i'm talking to ellevest's ceo sallie krawcheck and i will take your calls in rapid fire in tonight's edition of "lightning round. man: how can i deliver superior long-term results? it begins with a distinctive approach to managing money. that for over 85 years has focused on keeping confidence up when markets are down. an approach where portfolio managers work well independently. and even better together. who don't just invest, but are personally invested. can i find a proven approach designed to deliver results? with capital group, i can. talk to your advisor or

raytheon, the defense sector.s a time when business fundamentals seem to drive values so much more than cyclical expectations you might have seen before. -- susan shirk -- ann berry, partner at cornell capital, things for joining us. this is bloomberg. ♪ shery: this is "daybreak: asia." i am shery ahn in new york. paul: i am paul allen in sydney. amazon shares plummeted after extending trade after the quarter earnings. for the first time in more than two years, they reported a decline in quarterly profit. let's go to seattle. covers amazon forest. why are some analysts concerned? services is the cash cow for the company. it's their most profitable company. there grows came in and the slowest since they reported. they are investing heavily in building out sales and marketing teams to sell to corporate customers. there is worry percolating on wall street that the cash cow may be slowing after so many years. shery: not to mention those big investments in next day delivery may not be paying off as of yet. that's a mix

so far, it is lockheed martin, rocketdine, north rup drummond and raytheon working on these.les are sparking a key arms race all why the u.s. is been waging a cold war with china and russia i'm bringing all of this up because we have defense prime earnings all of these topics were discussed. things like hypersonics getting attention. representing future revenue screams all in whether talking about modernization of the nuclear try add. hypersonic defense systems we are talking future revenue. >> the russians are also into the hypersonic thing too >> right not just the chinese russia and china have been developing these weapons, these systems. >> but we don't know how far along they are really? >> these missiles they unveiled in china were developed. there on the street and raised some eyebrows. they are very much in development. the bottom line here is, we are developing our own systems but arguably still a bit behind. >> will be interesting the president talking about stopping endless wars, so there is that too. >> with all of these different systems, you never have to use th

sometimes in times of crisis, to focus on the regulatory issues saw it well done at citigrou and raytheon the company and been pretty effective. >> the other company that is continuing to be under pressure right now with the own issues is johnson & johnson. you have the tiny trace amounts of asbestos in baby powder one sample i realize but after years of coming out citing studies and saying asbestos is not in the baby powder, how do they need to respond what's the brand impact? that seems like the longer term issue here >> j&j is hit by a whole series of plaintiff attorney suits and no causeality demonstrated and an embarrassing moment and any trace indications of asbestos cause a great concern, one lot, 33,000 bottles have been recalled but they have to make absolutely certain that their production process is 100% pure. i don't think that indicates everything else in baby powder is unsafe but it's a different situation. they have just made a major set lment in the opioids i think everyone there is hit and kind of forced to settlement situation. but, you know, they're being hit from all s

includes teledyne, raytheon, northrop, l3 harris.maller etfs out there, if you're interested in space business, procure space etf, ufo, get it? that's the symbol. they invest mostly in satellites that only went public a few months ago a little young there but the satellite business is absolutely critical to what's going on in the overall business of space that's how a lot of the business is being transacted. so, again, i understand that this should open around 12 -- 9:45 and i think we're also going to get some fireworks, this being richard branson and you can see the beautiful little rendition of the -- of plane going up, six passengers and two pilots, standing other there one of the great traditions, a bell for the new companies here on the floor and technically as i said this is a new listing, they're treating it as if it was an ipo right now. chamath talking with richard, trying to figure out where the open is going to be. you see the indications already there, $12.25 to $12.75. because it is not technically new shares going out

industrials getting caught up in today's sell-off, defense in aerospace names, lockheed martin, raytheoneral dynamics all down. back to you. >> thank you so much, seema. let's check in at the movers on the nasdaq. >> the nasdaq did close off session lows, still down 1.6%. we've given up those september gains for the nasdaq it was a broad-based sell-off. when you look at the kind of stocks we're selling you had the semi selling, biotechs, consumer names across the board. only ten names ended up positive in the s&p 500 when everything settled out at the end of the day. semi conductor stocks, not as much as what we saw from some of the other groups american airlines and united airlines those, of course, are part of that transport group we talked about multiple times during the day today and those were the biggest sellers, really, in the nasdaq 100 although we had walgreens, and verisign, just an indicator that anything that could be sold today was. back to you at the new york stock exchange. >> thank you, courtney deirdre bosa has more on these sell-offs. >> near record lows, some of the en

to our national security and thank the university of virginia, my alma mater, and those alongside raytheon. the speakers ar are keeping us from cyber threats. and addressing the community and the challenges we face. what better time to come together than the national cyber security month. this year's theme is to owner it, secure it, protect it. and making it a lifetime campaign and not just something we focus on once a month. i believe that cyber security is truly a shared responsibility. not only is it in our democracy, over the years we've seen interference in our elections, critical infrastructure and private sector. today's experts will address three key themes, the need for trusted public-private partnerships, the importance of information sharing and helping combat the threat. the place where it truly lies-- providing technical solutions to cyber service, secures the security posture and improves the government organizations. thank you, agn, i look forward to a great exchange of ideas this morning. ♪ ♪ ♪ ♪ >> to washington's most blata blatant-- >> the election may be 14 months away,

so i think it works well you know, there's a -- at raytheon in an earlier era, there was a great engineerps he created the patriots missile system he was ceo charles francis adams ran cover for him as chairman handling the regulatory front i think that can be a very effective partnership. it surely will in this case. >> i've known calhoun, dave, a long time. is -- what's the role of a non-executive chairman is he going to be more of a hybrid between executive chairman and non-executive chairman would you think, jeff >> that is such a good question, joe. one i didn't mention that you would know well would be the transition to the new york stock exchange when john fein became ceo at a time of crisis after dick grasso left we had a ceo, somebody step in there who was a former citigroup ceo, john bank he was executive chairman. that is a little bit more blurring of roles. they're obviously quite hands on in this case a non-executive chairman is very little difference than a presiding or lead director, the role he previously had they're going to define it in a way which gives them a little bit

i'm looking very seriously at raytheon and boeing today. stuart: okay.indeed for weighing in as they say. i want to turn to ashley and susan here, buried in their computers finding out what is going on. ashley: it is interesting. stuart: summarize, down 430 on the dow. some big techs, look at it go down. google is down 24 bucks. i see apple down about 4. amazon is down 22. face took, only down a fraction. that is interesting. they have trouble with libra. ashley: right. stuart: they're only down 74-cent according to my indicator right here. susan: visa, mastercards are having a rethink on libra. doesn't mean they're pulling out of the project just yet. according to sources being quoted by "the wall street journal," there will be a meeting on libra next week in d.c. you know october has traditionally been a pretty strong month for u.s. stocks. stuart: you don't think that because the big crashes come. susan: that's right. typically we've seen double-digit almost pretty strong gains. stuart: we're down 427, 428 point at this moment. there you have it. down