and raytheon joined forces with united technologies. haven't talk about the that enough these deals are great for earnings so let me walk you through the largest players in the industry starting with the daily chart of the new and improved raytheon which includes the core aerospace industry from prat and whitney and the combined company is a powerhouse. what about stock when the market was rolling over, this lost 55% of the value. this is one of the worst performing stocks on the market. i don't think people understood what it was. since the lows in mid to late march they have erased half of the losses we see the green line turning oup and we've seen strong volume in the past few days that is good to him that means big money managers are buying this hand over fist. and look at this measures buying and selling pressure has been extremely bullish after being not so good. boom, i like that a lot. best of all, look at the moving average or mac d-line and an important indicator to spot changes in the stock before they happen at the end of ma

we want to check out the market before we have an interview with raytheon technologies. first we go to taylor rigs. taylor: we were fluctuating between gains and losses on that pretty bad employment report we got this morning and so all of that sort of means that we're now down near the lows of the session off about 1.5% or so on the major averages. i would say perhaps traders really don't want to be long going into the weekend given how quickly things can change. we just had new york reporting the biggest one-day jump in deaths from the coronavirus and there is a big outperformer up 30% and all on reports opec plus and russia signaled they want to try to cut output to help restore some balance going on at least on the supply-side of things. so crude of course having a pretty good start to the second quarter. i do want to flip up the board and fold it over into some analysis we heard from muhammad el 5 arian between the risks of the high yield market and investment bond market. he said beware of fallen angels. there's a risk of some of these triple credits being downgrad

maria: welcome back, raytheon completing personallying with yun ooitsdz technologies, started 51 a shareght now raytheon technology ceo gregg hayes thanks very much for being here congratulations on the completion of this merger. >> thanks for having me on not exactly the way expected to start this great company but we will get through it. maria: , of course, i want to ask you about what you are doing in fight against coronavirus tell me first when you look at raytheon technologies where you see the growth happening let's call it the next five years, where does the growth come from? >> 60 days ago i would have told you primarily going to come on commercial aero side as boeing and airbus ramp-up production. today as we look at it going to obviously, come from defense side good news into this merger we've got a 70-billion-dollar bablog defense related 50 from legacy raytheon 20 billion legacy utx strong growth port fillio last fourth quarter 1.5 raytheon 1.4 first quarter strong backlog where growth is going to come near-term. i still think long term we will see recovery in commercial aero

there are worse hardships but it's putting a wrinkle in abbvie's numbers big breakup/merger with raytheoneard someone on the street this morning ever since the initial coronavirus outbreak in china, the division has been an albatross around its neck. now united technologies and raytheon have emerged giving you premium space and defense contract unfortunately that's not as great as it used to be because aerospace is a bear market now air conditioning business that had been so red hot when there was a lot of construction. there's not a lot of construction the year of covid suddenly otis is the one division i like because it's focused on china. now that they've beaten covid they have the strongest economy in the world, save maybe taiwan. it's insane. finally, the recession-proof stock that i think the world of. and i'm talking about mccormick. yes, the spice and seasonings maker. they're thriving because so many people are cooking at home remember, people are staying home doing their work. mccormick gets a quarter of its sales from food service and food supply they give it to restaurants. yo

the lowest is raytheon technologies, down 41%. the s&p 500 is down 1.4%. the major groups are lower. i am checking to see that that is still the case. even the pharma and biopharmaceutical index down. ae jobs data which was surprise but not a surprise, because we know how many people will be signing on to roles, the 10 year yield is at 58 basis points. we will be expecting developments in oil, 26 point 68 now on wti, and the dollar index is inching to the 101 level. absolutely, definitely worth paying attention to the dollar and the stresses we have seen. the u.s. data reporting it's deadliest day yet, 674 coronavirus cases. the european economy continues to be hit as a result of what we are seeing, down 10%. let's get the details. joining us now on the phone is paul gordon. we have seen pmi data, and what is standing out to me is the fact that we are getting really big regional variances depending to what extent economies are being shut down, italy at one end of the spectrum and the nordic countries at the other end. how is it possible to set policy and d

can you explain raytheon technologies >> sure. a combination of raytheon and united technologies combining defense with traditional commercial exposure. the one cautionary note that i would make here is don't be surprised if there's hiccups here as analysts and investors expecting synergies from the mergers and may be less than expected. >> michael, what do you think about this market? >> increasing quality in your portfolio. names of pepsi, johnson & johnson and microsoft are good cores. wait for a pullback and sell your speculative stuff now this takes a while hang in there. we'll get through. >> for sure. thanks very much, everybody. kelly evans picks up the breaking news coverage right now. >>> thank you, dom hi, everybody. welcome to "the exchange." i'm kelly evans. we have a massive rally on wall street today i'm not used to saying rally the number of coronavirus cases in the u.s. appeared to slow down a little bit but the dow up 1200 back above 22,000, nearly 6% increase right now and similar gains of the s&p 500 and the na

within industrial right now is actually defense and that's something greg hayes, the now ceo of raytheon technologies, which officially merged today and it was also on cnbc, talked about as well, that the military contracts are holding up as other areas like aerospace are cratering. we're going to take a quick the jocial break as you can see all mar averages are lower. stay with us ptions trading, and, ptions trading, and, it feels like i'm just wasting time. wasted time is wasted opportunity. >>exactly. that's why td ameritrade designed a first-of-its-kind, personalized education center. see, you just >>oh, this is easy. yeah, and that's >>oh, just what i need. courses on options trading, webcasts, tutorials. yeah. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. >>so it's like my streaming service. well exactly. well except now, you're binge learning. >>oh, i like that. thank you, i just came up with that. >>you're funny. learn fast with the td ameritrade education center. cal

before we go, jim, i see raytheon reit stated as a buy at goldman sachs. >> yeah. this is one i like frankly, i don't know enough of it but i like the diversification. it is not just aerospace, it is defense, as well within the aerospace it is not like i worry about the boeing getting 737-max up they put engines on all sorts of plans. civilian, defense, missiles from raytheon i like the portfolio here. >> weiss, you were bragging about the pelotons you bought. we got it. you got like five in the house now. the stock was initiated buy at roth capital the target was 38. >> yeah. it is up 25% from when i started bragging about it. to me this is a benefit of what's going on with coronavirus. it is a premium product, sure. but it is when you break don what the cost is, versus a gym membership, it is compelling so i love the stock here. maybe ahead of itself. i don't know but it's definitely going higher from where it is based upon the installed base continues to grow. >> i mean, i'm being facetious how many do you have it wasn't five. >> no. i have one in my house and m

s chairmans presidents raytheon general dynamics energy who had a tremendous success recently with energy over the weekend and finished with tremendous credit going to russia and saudi arabia. and it could be as much as 20000000 barrels a day a cut so that we can get rid of some of the tremendous excess oil that's been produced because of the fact that the virus just knocked out almost 50 percent of the business it's been an amazing achievement some people say one of the biggest oil deals ever made maybe the biggest 211 made the saying i didn't know that but we were involved in getting that done and it was very important we're going to save hundreds of thousands of jobs for our energy industry texas and north dakota oklahoma all of our different energy states it's great so we're very happy about it i want to thank everybody we had the it's called opec plus that's opec plus meaning some nations outside of opec and i also want to thank the president of mexico because he was he was terrific you showed great dexterity and flexibility in getting the deal done we want to thank him very much on

all the way to the marshall islands this is guam and korea and all canal up with with high tech raytheon lockheed equipment so preparing for war against china preparing for war against china is extremely profitable. you know it brad there and that's james brings up the great paradox here because it's much is the political class and particularly members of the in the media want to bash china china is absolutely necessary to the united states in so many different ways 1st of all in trade in and cheap in making in ever better quality goods i would even say but the pentagon desperately needs china as an enemy because and then it doesn't have a reason really to exist outside of that ok and it's very interesting that it was in that in the early part of 2017 that the the defense posture of the pentagon they shifted from the war on terror to a more traditional great power struggle and china and russia were put into that category so again russia saves the day for the pentagon ok and china is also playing the role when you if you can't square the circle then i mean because then either you know the

make payments and that's choking the funding for their other efforts to control the pen next and raytheon share cami so right now these relief measures will allow them to channel more of their scarce financial resources toward medical and other relief measures but while these temporary relief measures help only that have about 6 months it's certainly not enough as these developing countries are at most risk for the pandemic spread as well as for food shortages coming up in the future. seems like a lifetime ago but just a few weeks ago as the pandemic was getting underway we did a 2nd here on boom bust with you explaining pandemic that they could be released for the 1st time ever can you give us an explanation of one of what pandemic bugs are just to refresh the viewers as to what that is yes who appeared to be bob very briefly these bonds were essentially created in 2014 remember that we had that big scare of ebola around the world and here in the united states well after the bowl the scare took place. the i.m.f. essentially created these things called pandemic bonds which essentially wou

technologiesd purchase rockwell collins and merge with raytheon.he heck sell woodward merger who cited the coronavirus as too much of a distraction, but on the others of this you will see consolidation in aviation because the economics is better when you combine suppliers. to have more negotiating power with boeing, i don't think they have a lot of negotiating power now, but it is in the supplier'' supplies to get more out. the sheer magnitude of jet retirements we are seeing, that is a concern for ge as well. those are the most expensive lanes to do -- planes to do andtenance on an ge does -- ge does work on them. you may never see revenues get docked to the levels we saw in 2019 -- get back to the levels we saw in 2019. francine: how much more on cost can they save without laying off jobs? particular, they have already cut pretty far to the bone. ge thing interesting about as revenue per employee is relatively good due to some of its peers so there is the question of how much extra fat there is in the system that you can take off. larry called ha

calls the 1st one went to feeding over kovac the general dynamics phoebe can you call tom kennedy at raytheon i need you guys to to basically scoop up all the tyvek suits you can find any gloves you can. this president under his leadership and that voluntary efforts in the pride of patriotism he talked about earlier that we had $4000.00 tyvek suits delivered to the new york to be within 16 hours that's that's a new record in trump time that the same time a 2nd phone call was made to tara angle of personal record and laura lane at u.p.s. they were on the same fall cause i said terrell or we got this issue they need a hand sanitizer literally within 2 hours we had 50 gallon drums 6000 gallons a hand sanitizer on a u.p.s. truck heading up to the n.y.t. pedia had probably arrived today with a promise from prono that they will continue to supply the n.y.p.d. throughout the course of this crisis so that this this is a beautiful thing that america is rallying to we are becoming a stronger more united nation and i couldn't be more proud of this president this administration these guys up here are doi

in defense, lockheed martin, honeywell, northrop grumman, off the top of each company, ceo's, raytheonsidents, general dynamics. energy, we had a tremendous success. over the weekend, it finished with tremendous credit going to itsia and saudi arabia, and could be as much as 20 million getels a day cut, so we can rid of some of the tremendous excess oil that has been produced because of the fact the virus knocked out almost 50% of the business. it has been an amazing achievement, people say one of the biggest oil deals made, some say the biggest ever made -- i did not know that. we were involved in getting that done. were going to save hundreds of thousands of jobs for the energy dakota,, texas, north oklahoma, all of our different energy states. it is great. we are happy about it. i want to thank everybody. it is called opec-plus, it is opec plus, meaning some nations outside of opec, and i also want to think the president of mexico, because he was terrific, showed great dexterity, flexibility getting the deal done. we want to thank him very much. on the energy front, exxon mobil , co

. >> raytheon, carrier, and oh tis. i prefer carrier last. i say take a pass.hanks for having me back on. we spoke on may 4th right. >> i still like it more. let's go to zach in pennsylvania zach >> hey, jim. thank you for everything that you do >> what's going on >> i like your long term view on rfg. >> the waste business is god short term, there's pricing management i prefer waste management to republic >> jim, i'm calling here first time long time just got my stimulus check in, and i'm wondering what you think about sherwin williams >> you mention that. i said people get the stimulus, they might want to be home bound and paint bound and do painting. i suggested to my wife lisa. she said are you kidding me? you do the painting in the house. good luck. let's go to dane in missouri >> yo, jim there's a tech stock i like that has earnings coming out on sin koe da maya. >> that day i'm only buying stz. >> johnny. >> how are you i'm currently in your state, new jersey right now >> all right that's good. >> i nibbled on pen a little bit. i love you and i love port

united technologies is merging with raytheon and that will tie into the aviation business. obviously there's some challenges as to how fast it's going to come back. that's it. constantly looking for ideas and great opportunities. liz: well, you could go on the buffett way because you are buying when things are at a huge discount. i do just want to say to our viewers, no major league baseball, shuttered due to the virus but you are buying a piece of the atlanta braves with ticker symbol batra, right? this is -- on the phone: that's the voting stock. liz: that is so cool. mario gabelli, we will put all your stocks on the facebook.com/lizclaman page. thank you so much for joining us. stay well. on the phone: great to see you again. i will be back with you in person at some point. take care. liz: may we hope, indeed. up next, the godfather of branding. rohan oza. you may not know the name but you know the products. you name it, he's had it. he's put money on it. oza on the fine print that could shut out some of the nation's hottest startups from the stimulus funds that small bu

otis elevator carrier spuno off defense player raytheon? >> came down hard, half, i would buy, good stock. let's go to jen, jennifer in new york >> caller: hey jim, very special boo-yah. >> i like that. >> caller: to the essential workers out there. >> okay. >> just curious overall thoughts on starbucks >> keeps getting picked on i think starbucks is a buy i got a conference call this week, going to address it and explain why i think you have to buy it because of china. shaheen in oklahoma. >> caller: professor cramer, boo-yah from tulsa, oklahoma, my friend. >> what's up >> caller: i have a question for you for specific stock i know you're not really into oil and gas right now. >> no. >> caller: but thinking of it from petroleum -- companies that do petrochemicals, i'm sorry i was wondering what you thought of epd, enterprise products. >> that's the best house - >> the house of pain >> -- in a neighborhood being plowed under by everyone be careful there that group laid wealthy people to waste lori in pennsylvania >> caller: hi jim. how are

the economic messaging to speak directly to that voter you have morgan stanley strategists and the raytheon ceo saying this downturn could last for two years. whether they blame the coronavirus or in some cases blame the white house. >> thanks. >>> i just want to draw your attention to the action in oil after opening the die hire, it's reversed lower and pretty hard as we near the close we're down more than 5%. that chart is pretty dramatic. you can see it falling off the ledge. that's having an impact on overall market >> thanks very much. coming up, stocks are jumping for the second day in a row though not jumping quite as high as they did earlier in the section. off the highs it's materials and energy, financials, those are still your leaders we'll tell you the key levels traders are watching as we head into the close >>> as confirmed cases in the u.s. continue to climb,iecounft johns hop wins will join us at&t has connected us every day for over 100 years. and we're here for you - especially now, doing everything possible to keep you connected. through the resilience of our network and

you can see huge gains for raytheon technologies, american express, visa, as well as mcdonald's. oil was in the red today. it fell for the first time in three sessions closing out $26 a barrel. the amount of oil on the market is growing. we are running out of places to store the oil. this big meeting from the major producers, well that has been delayed. that is the oil story today. look at the exxon and chevron, dow oil stocks in the dow, how they're trading today, plus some others. most oil stocks up with the rest of the market even though the price of oil was down. as we talk about measures to prevent and to contain the number of coronavirus cases facebook is using technology to roll out this, collecting data if you opt in seeing staying apart from one another is actually working that stock up% like rest of the market. back to you. melissa: lauren, thank you. now to blake burman as we await for an update from the coronavirus task force which will be about an hour from now. blake. reporter: indeed, melissa. senior administration officials have been telling me for a handful of da

apple, home depot, j&j and raytheon are the dow winners the stock of amazon up 23% and courtney talked about the increase in the numbers. again the stock up just about 6.5% today take a look at the banks jpmorgan and wells fargo in the red there. see the declines of nearly 7% for wells. this after -- i'm sorry, for the whole average. jpmorgan down 3.5% wells down 4%. the amount of money added to the war chest to deal with declines and potential defaults it warned may need to add more depending on the path of recovery and wells is setting nearly $4 billion aside. these moves for wells led to a nearly 90% drop in profits pressure on the banks across the sector today. >>> relief is trickling out to small businesses as the ppp loans begin to roll out. my next guest is a hotel operator whose business got approval for $2 million. let's welcome in seema mody with vice president of hdg hotels in ocala, florida it is great to have you here were you surprised how quickly you got the funds? what is your first move going to be to do with them >> i was surprised with how quickly congress got it pas

raytheon general dynamics. energy, we had a tremendous success. and that's russia and saudi arabia, and we can get rid of some of the tremendous excess oil that has been produced because of the fact of the virus just knocked out almost 50% of the business. and but we were involved in getting that done and it was very important and we will save hundreds of thousands of jobs for energy industry. texas and oklahoma and all of our different energy states, it's great. it's called opec plus. that's opec plus, meaning some nations outside of opec. i also want to think the president of mexico, because he was terrific. he showed great dexterity and flexibility and getting the deal done and we want to thank you very much. on the energy front, we had exxonmobil, continental resources, chevron, southern company, conocophillips, kinder morgan, test corporation, pro group and a few others. financial services we have blackstone, stephen schwartzman, paulson and company, john paulson. citadel, ken griffin, elliott management, paul singer. vista equity partners, r

raytheon, let's celebrate their first week after merging with on the dow.oeing, american financials. and, stimulus from the federal reserve. i would love to show you the weekly losers for the dow, because they were all higher on the week. so i will show lawing guards, the dow stocks although the dow stocks lagged little bit. walmart was one of them. we all go into the stores and buying everything we can but these stocks have seen a nice gain as we've been dealing with the coronavirus. liz, back to you. liz: nothing wrong with taking profits off the table. thank you very much, lauren simonetti. five minutes to go before the final bell rings. s&p 500 officially popped out of bear market territory equities yesterday, the question now becomes if this truly, an end to the bear cycle, just one of those trickster bear market rallies? ranger alternative management chief investment officer david tice is known for many, many years as always watching the bearish trade here. david, what do you think is this an exit out of the cycle or will we see more i guess violent d

on raytheon, i love this they have completed the deal they have a very strong backlog. good free cash flow generation it's also yielding 4.7%. to me those two names are very exciting >> what about some of the other names. sorry to interrupt you what about what i mentioned at the top. industrials are up almost 30%. 30% off of their lows. that doesn't give you pause at all wondering whether those moves are justified especially in some of the retail names? >> they're down 50, 60%. >> deservedly so, right? >> i don't know. some of them for sure. i think there are structural problems with macy's and kohl's and nordstrom. china is coming back and the stock is down from 150 and it got to 40. that to me is like it has a franchise that is worth something more than 40, in my mind it's going to be volatile. it was very painful to own it on the way down i just kept on slowly picking away because i do think in a year's time it will be higher. you can't paint the same brush with every single discretionary company. that's why i was buying coke that's why i added mcdonalds that's why i

you get a company like raytheon. i kind of like some of these smaller, bigger and smaller industry companies you can buy them at a good price. bl bl balance sheets are solid these are companies that will allow you to see tomorrow through difficult markets. if we go through another difficult downturn which i fully expect >> let's look even further into tomorrow, if we could as michael farr suggest liz young, there's an interesting article over the weekend that i say just 4% of investors in barons big money poll are bearish on stocks for 2021. i realize we're a ways off from 2021 but know the market looks forward. maybe it's not looking ahead to 2021 quite yet it's looking a handful of months ahead instead of a bigger chunk than that. what does that tell you? just 4% in a baron's poll are negative on stocks for 2021. are we really going to be back to quote, unquote normal in 2021 >> it's in line with the client conversations i'm having i talk to clients 7 to 10 times a week on calls and almost every single time somebod

raytheon, energy. we had a tremendous conference with energy over the weekend with credit going to russia and saudi arabia and could be as much as 20 million barrels a day, a cut. so we can get rid of some of the tremendous ex-set ocess oil tha been produced because the virus just knocked out almost 50% of the business. an amazing achievement. maybe the biggest oil deal ever made people are saying. i didn't know that. we were involved in getting that done. we are going to save hundreds of thousands of jobs for our energy industry, texas, oklahoma, north dakota, all of our different energy states. we are happy about that and i want to thank everybody. it's called opec-plus meaning some nations outside of opec. i also want to thank the president of mexico because he was terrific. showed great dexterity and flexibility in getting the deal done. on the energy front, exxonmobil, continental resources, chevron, alabama power, conoco, phillips, o occidental petroleum and a few others. financial services, blac

being let by boeing, raytheon, and more we have more don't go anywhere.vo) quickbooks salutes those who work for themselves. they're adapting to support their communities. but many need our help. if you're a small business in need, or want to help a local business, go to quickbooks.com/smallbusinesshelp intuit quickbooks. >>> i want to assure all small businesses out there, we will not run out of money the president has asked us to go back to congress we hope they pass this tomorrow and friday and we want to assure everybody, if you don't get a loan this week, you'll get a loan next week or the following week the money will be there. >> that is the treasury secretary, talking to us just a few hours ago about these loans for small business joining us today is dave dodson, a professor of management at stanford university. he's also an investor and an adviser to more than 30 small businesses professor. thanks for your time today good to see you. >> happy to be here. >> a lot of criticism skpand soe praise for this program. we've got to put into perspective h

and you can see right there in middle raytheon technologies down about 18%. take a look at what we've got there because there's several names we're watching. let's start with the winners, devin energy, their ceo supposedly is in that white house meeting. you have halliburton and you have diamondback energy right now. we're watching those. to the losers on the s&p, take a look at carnival corporation, a stock you have highlighted several times on your show. that stock for the week down 40%. also live nation and kohl's down 34%. kohl's announced this week they were going to obviously close more stores. we've got winners and losers. what can i say? the good with the bad, as the markets always go. back to you, liz. liz: cheryl casone, thank you. as promised we now have the tape coming in from the white house. the president meeting with oil executives. let's listen in. >> global economy, incredible thing that's happening, we had the greatest economy in the world, probably argue the best ever. everybody was doing the best ever and then all of a sudden they said you

lower with energy, financials, materials leading the declines within the dow, american express, raytheonn, and disney are the big laggards. and we want to mention shares of apple. it's trading higher today, bucking the trend after we await the quarterly report after the bell even if you don't own shares directly, apple has huge implications for the overall market and earnings season let's get over to dom chu. >> there's a reason why you have to care a lot about apple if you're invested in the stock market in any way, shape, or form especially when it comes to index investing. apple versus the s&p 500 on a one-year basis, apple far outperforming what's been happening with the overall sp&p but take a look at the biggest biggest company in the world behind only microsoft. that's the reason why, within the s&p, microsoft has a 5.5% weighting. apple, a nearly 5% weighting it reports earnings after the bell and amazon, 4%, alphabet, 3% the most important stock to the market-weighted s&p 500. take a look at other parts of the market you could be invested in the qqq, it's an 11% weighting. in th

phoebe, you call tom at raytheon. i need you to scoop up all the tie vex suits you can. this president under his leadership, and the voluntary efforts and the pride and patriotism, you talked about it earlier, that we had 4,000 tyvex suits delivered to the new york pd within 16 hours. that's a new record in trump time. at the same time, a second phone call was made to terry angle at pernod ricard, and lauraline. we have this issue. they need hand sanitizer. literally, within two hours, we had 50 gallon drums, 6,000 gallons of hand sanitizer on a ups truck heading up to the nypd, and it probably arrived today with a promise from pernod that they will continue to supply the nypd throughout the course of this crisis. so this is a beautiful thing that america is rallying to. we are becoming a stronger, more united nation. and i couldn't be more proud of this president, this administration. these guys up here are doing a heck of a job organizing the supply chain. and my promise to you is that the president is going to use that dpa to make sure that the american people, partic

raytheon, general dynamics. energy, we had a tremendous success recently with energy over the weekend. that it finished with tremendous credit going to russia and saudi arabia and it could be as much as 20 million barrels a day of a cut. so we can get rid of some of the tremendous excess oil that that's been produced because of the fact the virus knocked out almost 50% of the business. it has been an amazing achievement. some people say one of the biggest oil deals ever made, maybe the biggest oil deal ever made, they're saying. i didn't know that we were involved getting that done. it is very important. we'll save hundreds of thousands of jobs for our energy industry, texas, north dakota, oklahoma, all the different energy states. it isit is great. it is called opec plus. that is opec plus, meaning some nations outside of opec. around i also want to thank the president of mexico because he was, he was terrific. showed great dexterity and flexibility getting the deal done. we want to thank him very much. on the

phoebe, can you call tom kennedy at raytheon, basically scoop up all the tyvek suits you can and find any gloves you can. this president under that his leadership and voluntary efforts, pride and patriotism we talked about it earlier, that which had 4,000 tyvek suits delivered to the nypd within 16 hours. that is a new record in trump time. at the same time a second phone call was made to tara engle at pernod ricard, and laura lane at ups. i got this issue. we need hand sanitizer. literally within two hours we had 50-gallon drums, 6,000 gallons of hand sanitizer on a ups truck heading up to the nypd. probably arrived today with a promise from pernod that they will continue to supply the nypd throughout the course of this crisis. so this is a beautiful thing that america is rallying. we are becoming a more stronger, united nation. i couldn't be more proud of this president, this administration. these guys up here r doing a heck of a job organizing the supply chain. my promise to you is that the president is going to use that dpa to make sure that the american people, particularly our h

eeddefense, we have lockh martin, honeywell, northrop grumman, the top of each company, ceo's, raytheon, general dynamics. energy, we had tremendous success recently with energy over the weekend. we finished with tremendous credit going to russia and saudi arabia, and it could be as much as 20 million barrels a day of cuts, so we can get rid of some of the tremendous excess oil that's been produced because of the fact the virus knocked out almost 50% of the business. it has been an amazing achievement, some people say one of the biggest oil deals ever made, maybe the biggest. i didn't know that. but we were involved, and it was very important. we will save hundreds of thousands of jobs for our energy industry, texas and north dakota, oklahoma, all our energy states. so we are very happy. i want to thank everybody. opec-plus,that's meaning some nations outside of opec. i also want to thank the president of mexico. he was terrific. he showed great dexterity and flexibility in getting the deal done. we thank him very much. on the energy front, we had exxon mobil, continental resources, che

the first one went to general dynamics, phoebe, can you call tom kennedy at raytheon, i need you guys to basically scoop up all of the tyvek suits you can find any gloves you can. this president under his leadership and that voluntary effort and the pride and patriotism talking about it earlier, had 4,000 tyvek suits delivered to them within 16 hours. that's a new record, and at the same time a second phone call i we've got this issue, they need hand sanitizer. literally within two hours, we had 50 gallons drums on a ups truck heading up and it probably arrived today. with the promise that they would continue to supply the nypd throughout the course of this crisis. this president, this administration, these guys up here are doing a heck of organizing the supply chain and my promise to you is that the president is going to use that dpa to make sure that the american people and health care professionals get the ppe, the medicines and everything we need to let me stop there, i don't think it's my place to fill as much. >> go ahead. you go ahead. >> one of the things this crisis has taugh

raytheon, general dynamics, energy. we had a tremendous success recently with energy over the weekend. it finished with tremendous credit going to russia and saudi arabia and it could be as much as 20 million barrels a day a cut. so that we can get ready of some of the tremendous excess oil that has been produced because of the fact that the virus just knocked out almost 50% of the business. it's been an amazing achievement. some people say maybe the biggest oil deal ever made, they're saying. i didn't know that, but we were involved in getting that done, and it was very important. we're going to save hundreds of thousands of jobs for our energy industry, texas and north dakota, oklahoma, all of our different energy states. it's great. so we're very happy about it. i want to thank everybody. we had the -- it's called opec plus. that's opec plus, meaning some nations outside of opec. and i also want to thank the president of mexico, because he was terrific. he showed great dexterity and flexibility in getting the deal do

and he took that job on, with a guy like wally from raytheon. and three months later, they were teaching a way of firing. and we learned instead of fighting horizontal, we used all the power the f4 had, and it worked. and every guy, including -- we had no building to start with. we had no classroom. we had nothing. he said, just don't kill anybody and don't wreck my airplanes. because i had to borrow airplanes in order to put a flight syllabus together. first we needed a place to meet and write and study, and talk. so a guy named steve smith, just dynamite personality guy, says i'll do everything you tell me to do. he would make a list every morning and by dark he would have it pretty well. i said steve, we've got to find room to have the classroom, and have an office kind of place. so, he's wandering around on a friday afternoon. it's in the book. you'll just break up reading about it. coming down the street is this big crane, and it's got this 40 foot by 20 foot building. it's an old, probably salvage, was going to be destroyed. and he talked

phoebe, can you call tom kennedy at raytheon? we need you guys to scoop up all the suits you can and find any gloves you can. this president, under his leadership, and the voluntary efforts and the pride and patriotism we talked about earlier, we had 4000 suits delivered within 16 hours. that is a new record in trump time. at the same time, the second phone call. issue. this it we need hand sanitizer. literally within two hours, we had 50 gallon drum, 6000 gallons of hand sanitizer on a truck heading up to the nypd and it probably arrived today. with the promise that they will continue to supply the nypd throughout the course of this crisis. so this is a beautiful thing that america is rallying to. this president and this administration, they are doing a heckuva job organizing the supply chain. promise to you is that the president will use that to make ,ure that the american people we get the medicines and everything we need. i don't think it's my place to field a bunch of questions. >> go ahead. >> come here. >> one of the thing

everything else in connection withing, of course, the closing of that deal we're going to have utx, raytheon closing soon. so many different things we never talked to hp xerox. it will be interesting to hear from mr. culp. >> we need a different channel where we talk to each other. >> a channel for the news we used to do that's a great to do we'll see you tonight. >>> we are hanging in close to session highs. the session low was minus 208. 2490 on the s&p and oil is ldg 22 back in a minute at&t has connected us every day for over 100 years. and we're here for you - especially now, doing everything possible to keep you connected. through the resilience of our network and people... we can keep learning, keep sharing, keep watching, and most of all, keep together. it's the job we've always done... it is the job we will always do. edward jones is it'swell aware of that.et. which is why we're ready to listen. and ready to help you find opportunity. so. let's talk. edward jones. it's time for investing to feel individual. >>> we've swung higher on the markets with the dow up more than 130 time for

boeing leading the way, raytheon, 28 of the 30 dow stocks in the positive. we are now up 900 points on the dow. we can see also the s&p moving up nicely as well as the nasdaq. another nice start to the day again after that 1600 point gain with a surge yesterday afternoon on the markets. all of this, of course, on perhaps the optimism that the pandemic may be contained. we are seeing some light at the end of the tunnel. of course, a long way to go yet but there is cause, perhaps, for optimism and that's being reflected in the market. >>> i want to talk about apple. susan, we may not see a new iphone for months. is that right? susan: well, we were expecting a cheaper iphone this spring but indications are given the disruption when it comes to the supply chains over in china and the coronavirus pandemic and the spread causing closures of their stores, we might not be seeing it this spring. what does that mean for the new launch of the 5g enabled iphone in september? i think analyst consensus is we will probably see it delayed. it's still probably going to happe