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i want to quickly move over to boeing and raytheon, defense here. u.s.se contractors we need to tell you about. lockheed martin, boeing and raytheon are getting hit at this hour after china announced it will place sanctions on these three contractors in retaliation for a $1.8 billion proposed weapons sale to taiwan. you know the chinese hate taiwan. they want to own taiwan. they want to swallow taiwan. so in the past, u.s. hasn't exactly sold to taiwan but now there are relations because taiwan is a democracy, why not. so lockheed martin down 1.8%. boeing down 4.3%. raytheon down 2.9%. this is the latest spat between the u.s. and china, as the u.s. looks to strengthen ties with taiwan. now, as of now, the sanctions would not be too severe as u.s. defense companies are limited in their military sales to china anyway. so there. we gave you the whole story. maybe they are getting swamped by all this is happening. want to remind you we are going commercial-free until the end of the session because of course, we do have this sell-off. check the dow, down 762

you will get a good quarter from raytheon it will be a good quarter and a good year for them let's golifornia >> i am calling about nordstrom, jwn. >> nordstrom is a tough one though it is a tough stock to own i can see it is a speck but that's how ill view it let's go to zach in iowa i would like to give a quick thanks to you and your staff and everything you guys do >> thank you very much >> my question is huya >> look, i have friends who are in that business and i got to tell you i am going to stick with american game video i am not going to go out to china. i like alibaba and i like jd by the way. that's is the conclusion of "the lightning round. "the lightning round" is sponsored by t.d. ameritrade free access to every platform. mhm, 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 yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. now offering zero commissions on online trades.

china says it will impose sanctions on american arms companies beijing says lockheed martin boeing raytheon and many other u.s. corporations well come under the sanctions it calls them punitive measures following u.s. arms shipments to taiwan worth $1800000000.00 china claims taiwan as its own territory under its one china policy and says that arms sales violate that principle our financial correspondent yes court joins us now from new york yes can you tell us what sort of business impact will these sanctions have on these american defense companies. there's still a couple of unknown so for instance the timeline is not obvious yet but it appears at least at this point that the him pick might be limited because u.s. defense companies are the ones here named are not really doing defense business or arm sales with china if you look at boeing for example china is a very important customer and it comes to commercial airlines also lockheed martin for instance has been selling some private helicopters to chinese individuals but those businesses so meaning the non-defense parts though they are not

companies involved in selling arms to taiwan the companies include lockheed martin raytheon and a division of boeing the us recently approved a sale of almost $2000000000.00 worth of weapons to taiwan which china claims as its territory. and german chancellor angela merkel center right christian democrats have to spawned electing a new leader the city you was due to vote on the roll at its party conference on december 4th while no new date has been announced as like the candidate would be in pole position to replace chancellor merkel. now a fresh attempt to end the fighting between armenia and azerbaijan appears to have failed all just minutes after a new cease fire came into effect monday morning both sides accuse each other again of violating it the truce which was brokered by the united states was the 3rd attempt to end the conflict over the disputed nagorno-karabakh region fighting broke out in the now in this enclave 4 weeks ago. all right and we have our correspondent rather julieann has been yulia han has been finding out more about the civilian toll of the conflict she sent us this

last week, the state department luckyoeing, raytheon, and the ok to sell arms to taiwan.responded with sanctions on the companies. this package is not a done deal. congress still have to do a final review. it includes missiles from boeing, rocket system from lockheed martin, and aircraft surveillance from raytheon. beijing is also upset about the sale of some f-16 jets to taiwan. have also threatened to bring the island back to its fold. taiwan for its part counts on the u.s. to keep peace in the region and also to sell it arms so that it can defend itself militarily. sanctions not good for business overall. lockheed martin says its presence is limited. theirakes up 10% of revenue. boeing is in a trickier spot because they sell commercial planes to china. for now, defense sales count a lot more. meantime, if you look at what's going on in china, leaders are gathering to map out their five-year plan. it will be a four-to closed-door meeting. what investors will be looking for is some indication of a continued shift of the economy to be driven by domestic demand, domestic c

china imposing unspecified sanctions on boeing, lockheed martin and raytheon technologies after the rest state department -- after the u.s. state department -- imposing these sanctions in order to quote, uphold national interest. let's get a look at what is going on with these other asset classes. taking a look at the dollar index, which is lurching a bit to the downside. 10 year yield -- we are seeing that. slate moved to the downside. been snapping what has happening of late. headwinds according to all analysts bloomberg has been talking to. gobert holding its ground. traders weighing up the stimulus stalemate in the fiscal stimulus package. is a look of some of the other asset classes which are moving on the market. let's get it over to new york now and get to the first word news. story, the u.s. senate has confirmed amy coney barrett to the supreme court bench despite democratic objections. the result was never in doubt given the republican majority although opponents tried to stall the process. judge barrett succeeds the late judge ruth bader ginsburg. optimism is fading further in

beijing says it will target boeing, raytheon, and lockheed martin in order to "uphold national interest. the 1.8 billion dollar package includes long-range missiles from boeing, global artillery from lockheed, and raytheon's surveillance sensors. the sale is also proposed. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am karina mitchell. this is bloomberg. shery. shery: still ahead, we will have more on u.s.-china tensions with the presidential election just days away. the national foreign trade council president joins us later this hour to discuss the outlook for american trade policy, but first, the latest on the world's biggest ever ipo. jack ma's ant group is set to become one of the most valuable finance companies on the planet. all the details, ahead. this is bloomberg. ♪ paul: jack ma's and group is set to raise almost 35 billion u.s. dollars through dual ipo's in shanghai and hong kong. a mega listing that will rank as the biggest ever and make and one of the most valuable finance

chinese foreign minister person says chi will impose sanctions on lockheed martin, boeing defense and raytheon technologies as well as individuals. >> translator: once again we urge the united states to respect the one china principle, and stop arms sales to taiwan or have any military ties with it. >> he did not say when or what exact measures will be taken. >>> france is facing a mounting backlash from those around the world following president macron's marks over the prophet muhammad. a male history teacher was killed in an attack by an 18-year-old man of chechen origin. macron said on monday tat francwill dend freedom of expression and will not give up caricatures. on monday turkey's president erdogan called for a halt to the hit campaign against muslims led by his french counterpart. >> translator: i call on my nation here and now. do not pay attention to french-labeled goods. do not buy them. >> boycotts of french goods have been spreading. at supermarket in jordan, staff removed french products from the shelves. calls for a boycott of french goods are also growing online among muslims.

chamber of commerce, and vice president for government relations at raytheon. 2017, he was nominated by president trump and confirmed as secretary of the army. in 2019, he was nominated and confirmed as secretary of defense. it is truly an honor and a privilege to welcome to the heritage foundation and welcome home, i might add, one of our distinguished alumni and a dear friend of this organization, secretary of defense mike as for esper, secretary esper. sec. esper: good afternoon, foryone and thank you kay that generous introduction and a big thank you to the heritage foundation for hostessing this discussion about the successes of the department of defense and the challenges in this era of great power competition. our strategic competitors, china and russia, are attempting to a road our hard-earned gains as they under main international -- undermine international norms and use score should against other nations for their own benefit. we continue to see this behavior globally from beijing's predatory aggressions in the east and south china seas to .ussia's violations when i was con

companies involved in selling arms to taiwan the list includes lockheed martin raytheon and a division of boeing the u.s. recently approved the sale of almost $2000000000.00 rather dollars worth of weapons to taiwan which china claims as its own territory you. want to turn our attention now to a growing diplomatic dispute between berlin and bangkok germany says it's investigating the behavior of thailand's king who spends much of his time in lavish accommodations in bavaria german foreign minister says there will be quote immediate consequences if the monarch is illegally conducting politics from abroad . groups outside the german embassy in the thai capital this morning the diplomatic compound know the latest flashpoint in the country's political unrest that's because the king of thailand appears to prefer bavaria to bangkok his opponents one germany to investigate and his supporters object. they try to involve this important longtime ally in thailand's internal affairs why why can't we solve this problem among ourselves. have a long corn is back in the country but he lives most of hi

and i think that when you look at what raytheon has to do with boeing, you look at what ge has to dot -- later honeywell, what they have to do, it is ugly the stimulus, all those people will be taken care of. right? >> it is coming. >> it is coming. >> oerb, yeh, yeah. i think the speaker is talking to the secretary of treasury. >> sure she is. >> they're talking they're saying hi, happy halloween. >> in some kind of groundhog day scenario. >> terrific. why don't we go commercial free? >> i think we might do that, guys market is going to be volatile as david said, just opened there is a look at breath, reminds you how monday opened. thanks to ian detrik, today, october 28th is the best day of the year for the s&p 500 there is still time to turn it around >> it's early, carl. >> it is early way early. jim, you were talking about the migration away from oil and gas, and greg hayes on your show last night. raytheon did say and hayes said on the call, potential for a hydrogen powered jetliner, granted by 2035, but that scenario where they start investing in now. >> i'm glad you mentioned

companies involved in selling arms to taiwan companies or to lockheed martin raytheon and a division of boeing the u.s. recently approved a sale of almost $2000000000.00 worth of weapons to taiwan which china claims as its territory. into any a center right opposition party homeland union as one of the country's parliament re-elections its a leader in readership is expected to become prime minister in a coalition with 2 liberal parties both of which are also led by women the current governing party came in a distant 2nd in the. they were celebrations across chile on sunday after some 80 percent of voters back to proposal to replace the nation's constitution with a new one for many it's a final repudiation of the 1980 s. military dictatorship the referendum followed a year of widespread often violent protests for better pensions education and health care. and streets familiar with an arrest and now overcome by celebration. the supporters are jubilant setting up a result that will lead to the scrapping of chile's dictatorship era constitution. they hadn't seen and it's amazing to be pa

cat, lilly, pfizer, merck, harley, raytheon, a lot more futures have lost so omef their overnight highsback in a minute at calvert, we know responsible investing is hard. if you're concerned about the environment and climate change, how do you find companies that are driving the right outcomes? if you care about economic equality and social justice, which firms are addressing it in their workplaces and their communities? for nearly 40 years, calvert has delivered competitive returns by investing in companies making a difference because we see value in doing good. talk to your financial advisor about investing responsibly with calvert. >>> jim, a lot of blowout numbers, durables good at 8:30 eastern today. earnings season, the highest beat ratio on the top and bottom line so far in about 12 years. >> well, what does that tell you? it tells you that if you're a senate republican, perhaps you feel that these are the numbers for the v-shaped any and not the 14 million people about to be laid off when we realize that you can't have a bar or a restaurant without possible exposure to covid. bu

let me first introduce our moderator john de symone is the president of cybersecurity services at raytheon intelligence in space where he oversees the strategy and operations for global team of over 6000 employees. his teams are responsible for delivering cybersecurity solutions, global training and logistics. and product support services in support of critical missions for government agencies, businesses and nations. within his chris washington chief information security officer at software -- the largest provider of technology in the u.s.. he's here to sheriffs with us all the improvements being done to election security du jour accurate and audible elections. matthew matheson security adviser for the department of homeland security or a focuses on election security efforts issues. presently served as a commissioner at the election assistance commission from december 2014 until march 2018 including serving as the commissions chairman and 2017 to 2018. trevor timmins has served as the color colorado secretary of state since 2007 after eight years deputy ceo -- thank you very much for this

companies involved in selling arms to taiwan the companies include lockheed martin raytheon and a division of boeing the u.s. recently approved the sale of almost 2. $1000000000.00 worth of weapons to taiwan which china claims its territory. thailand's largest opposition party has called for prime minister. to resign the start of a special parliamentary debate dealing with on going street protests the prime minister called the session in a bid to end months of demonstrations on sunday thousands again took to the streets of the capital bangkok the student led groups are demanding a new constitution and reforms to curb the powers of the monarchy. we are joined by journalist mathias paired bangkok what is so were the titans parliament began a special session today i mean really expect to break through that. and not really i'm afraid we can expect a lot of speeches in those 3 days but most observers don't think they were that there would be significant action coming from their parliament special session now is a non-voting session that means there won't be any outcome that will be binding for

yesterday, beijing imposed sanctions on boeing, lockheed martin and raytheon because of a previouslynced arms sales to taiwan. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. francine: thanks so much. covid-19.e track we look at lockdowns, restrictions, covid-19. this is bloomberg. ♪ ritika: coming up later, boston consulting group ceo rich lesser. this is bloomberg. ♪ >> i understand there is a huge allure of rushing out of vaccine. the other thing we have to remember is when we go too fast, we can disrupt the ability of clinical trials to occur for even better vaccines. we have got to strike this balance of making sure we do not undermine the larger scale efforts in our rush to get something out. francine: chief executive notes -- chief executive of novartis speaking with bloomberg earlier. johns hopkins has been on the forefront of the international response. every day, we bring you insight from experts in public health and emergency preparedness. joining us is dr.

impose unspecified sanctions on lockheed martin, boeing, and raytheon come after the u.s.roved a $1.8 billion arms sales to taiwan last week. carlyle group is in talks to buy siemens mechanical business for 2.4 billion dollars. the sale of the german engineering firm unit could be announced this week. they make gears and transmissions used in everything from cement production to beer making. that is the latest bloomberg business flash. tom: let's do a data check. -31 on spx. three basis points on the 10 year bond, putting it at .80 1%. still a higher yield regime. the pullback is very much centered tendency off the trading range of all of september, and all of october as well. we leap into november here in a bit, and we do so flat, flat, flat. dollar a little bit of strength here. gets my point 87 attention. as i mentioned earlier, a very difficult day for a weaker turkish lira. francine? francine: on to november, and on to november 3, tom. only one game in town and that is the election. we look at the polls at the impact on the sectors. european stocks are dropping, a num

go into the election with this much cash we're talking about the airlines i own alaska, boeing, raytheon technologies if the airlines get a shot in the arm, believe me, i'm going to feel it i'm not pushing back hard on you but i'm not risk adverse i'm 91% invested in some stocks that will perform with the stimulus bill. >> this is maybe more than a shot in the arm. it's an old fashioned booster. we'll see how it works >>> let's take a quick break we have a cnbc exclusive interview. sofi ceo is with us. we'll talk his new dividend etf. 'ldohawh wreacin two minutes. plap this is decision tech. find a stock based on your interests or what's trending. get al-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. . >>> welcome back sofi is rolling out a new etf today. the first offering gives a new meaning to tgif. for an explainer on that, kate rooney is with us with the ceo hey, kate. >> the new etf is paying a dividend every friday instead of every quarter. ticker, tgif joining us now is anthony noto thanks for being he

the cuts are part of raytheon's plan to get rid of 15,000 jobs in its commercial aerospace business,ratt and supplier collins aerospace. bloomberg has learned that china plans to increase its stake in universal music by another 10%. last year it let a consortium that bought a 10% of the world's largest music company from france. the deal included an option to double the size of the stake by next january. that is your bloomberg business flash. francine: thank you. climate change, global economic recovery. that is the message from leading figures in the financial world. yesterday we spoke to the imf energy director, blackrock chair, and chief executive, and mark carney. they were quite hopeful a lot was being done because of this transition to build a better future. in mold the economy toward low carbon climate resilience by investing in green and resilient infrastructure. we can advance digitalization, which is apple -- is actually happening. we know a digital transformation allows us to accelerate going green. tothe question for us is how focus on what is top of mind of people, jobs?

lockheed martin and raytheon because of a previously announced arms sales to taiwan.news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. , this iska gupta bloomberg. tom: back to politics. veryew goodwin is interested in politics and international relations. we have a few things to talk about, to say the least. futures up seven. stay with us. this is bloomberg. ♪ tom: good morning everyone. "bloomberg surveillance," looking down at the terminal showing the futures up nine. dollar flat for the challenges we saw. yesterday's yield, 10.8%. , professor ofn politics and international relations at the university of kent is granular about this, with a great historic template as well. to get a broader scale. i put up a banner that said 1799-1800-1824 and now 2020. this is from a brilliant legal mind in washington, william and lee in virginia. nation,istory of the aren't we supposed to have close elections? matthew: absolutely. a closethis one is election as well. one historical comparison we

raytheon, corning. no guidance from companies. analysts have a tougher time and they've been very conservative and wrong so far fortunately wrong on the conservative side. look at all these companies out there. 83% are beating for the third quarter and they've been beating by almost 20%. it's an amazing beat and shows you the analysts have been way, way too conservative look the cummings today, they make truck parts, truck engines all over the world they had numbers no analysts had. they were 40% above the consensus numbers. amazing blowout numbers but the stock is barely moving that's the problem we're having so far we're almost halfway through earnings season. not translating into big price gains. that's a problem remember, we've all got that stimulus vaccine and election issues that are completely messing up the analyst's ability to figure out what the right prices are on top of no guidance back to you. >> thank you very much, bob. how do you navigate a market with less company guidance in an election a week away, uncertainty a

beijing imposed unspecified sanctions on boeings defense unit, lockheed martin, and raytheon becausepreviously announced arm sale to taiwan. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ >> i think they are starting to ,rice some type of reopening but they get very overbought on a short-term basis so things like yesterday does not surprise me that we had a retrenchment. stanley simon of morgan on equities and the bond market. as we look at bloomberg well, we look at ritholtz wealth. barry ritholtz joins us. i want to get away from stocks and bonds and talk about real estate. you live in the greater new york city area which goes up to the bottom of the adirondacks and that is a good geography. there is a boom in the forest you inhabit. can it sustain? what happens to suburban real estate that the people like you are buying the day the vaccine comes out? barry: interesting question. you have a very unusual sinceion that persisted the great financial

companies involved in selling arms to taiwan now that list includes walkies martin raytheon and a division of boeing the us recently approved the sale of always 2 $1000000000.00 worth of weapons to taiwan which china claims as its own territory. in the united states senate republicans are expected to confirm judge amy conan barrett to the u.s. supreme court democrats do not have the votes to block that nomination judge barrett's appointment will likely cement a conservative majority on the court for decades to come we want to take a closer look now at the woman who is dividing opinion across america. from the moment president donald trump presented his supreme court nominee amy kearney parish has been one of the u.s. elections main figures the 48 year old catholic and form a law professor has publicly opposed abortion and says the constitution shouldn't be reinterpreted. but that senate confirmation hearings kone barrett said she believed judges should stay out of politics now judges can't just wake up one day and say i have an agenda i like guns i hate guns i like abortion and i hate abor

$1.8 billion package includes long-range missiles from boeing, mobile artillery from lockheed, and raytheonurveillance sensors. $2.4 billion sale is also proposed. the confirmation of amy coney barrett seems imminent with the senate set for an evening vote on her nomination despite democrat objections that it may take more controversy with the presiding officer being urged not to attend as several of his top aides have tested positive for covid-19. barrett's confirmation would cement the supreme court's right tilt for years to come. global news 24 hours a day on air and on bloomberg quicktake. i'm karina mitchell. this is bloomberg. back to you. shery: still ahead, we speak exclusively to salesforce ceo marc benioff later this hour. plus, more casualties of the pandemic. australia's central dessert becomes a parking lot for jetliners with international traveling. spectacular pictures coming up. this is bloomberg. ♪ shery: we have breaking news. eli lilly's government trial of covid treatment in a hospital setting will end. eli lilly said no additional covid-19 patients in its hospital setti

defense companies with sanctions over armed sales to taiwan, lockheed martin, boeing defense and ray raytheonill be penalized. beijing regards taiwan as its own territory that can be annexed by force if necessary. did you see this, violence erupting at a massive jews for trump rally in new york city. rioters threw rocks at a trump cara van from an overpass. other pr protesters recorded themselves chucking eggs. rudy guliani was spotted in the parade. several people were arrested after fights broke out in times square. the nypd is investigating. jillian: nancy pelosi plans to run for house speaker again if democrats keep their majority of. but congresswoma congresswoman a ocasio-cortez is not ready to support her just yet. >> we have to see what race as they come, see what candidates are there. i am committed to making sure we have the most progressive candidates there. if speaker pelosi is the most progressive candidate, then i will be supporting her. jillian: aoc packed pelosi in 2018 after the speaker promised to only hold the position for four years. todd: the los angeles dodgers are a win

see if we in this country have any response to china now threatening to sanction and boeing and raytheon over arms sales to taiwan. i threw a lot at you. these are all the things moving markets and distressing the markets. i think i repeated this drill often enough where you get sick of hearing it. it is worth repeating. in the moment of a selloff, you sell first, you ask questions, reanalyze later this could all unwind by day's end. there is concern that this just sort of builds, feeds on itself n a vacuum where they don't know about the election where things go, all the other uncertainty, whether new york city could see a spike. the better part of valor is get out of the ways. dani hughes with us as well. dani, your sense how the market is taking it in. all of sudden we can talk about numbers and flight to quality like some issues and treasurys like the rest but the fact of the matter it is back to the virus. it is back to concern a lot of people that that this thing is spiking that 40 states right now have you know, 5% or higher positive case results. that scares a lot of folks. shoul

mine would be more than a bet on kulp and i'm still not ready to pull the trigger >> so you own raytheonyou as well what's the best name you have in the industrial space right now >> the one that's got the best bid to it is caterpillar the chart just set a new 52-week high that's an easy one to simply say, look, it's got the supply chain reshoring going on, it's got infrastructure potentially coming can you take more speculative bets you see i'm in boeing. that's one and steven and i have to then into it on this. it's a call option on the commercial aircraft business why not take that call option instead of general electric? i'm not hating on general electric but with boeing you've got this massive defense business and you've got the call option on the commercial business for when recovery hits. >> why don't you weigh in then, weiss? >> i'm going to give you the chip names they're going to all of the industrials. they're taking the pure robotics into the warehouses and factories. that's going to be chips in terms of ge, look, to me this is no stock left behind. this is where you go when

you own raytheon talk to me the biggest standout for you today was what >> caterpillar, not that thewe expected sales to fall. it's miserable out there, right, but prices are stabilizing in-dealer inventories have fallen, and that's a sign that there's -- that we could be at the end of the de-stocking cycle and that there is better demand picking up operating margins better as well doing what they can to control what they can when sales come back and they will and we'll sao a massive operating level ahead. >> what about stanley? >> well, stanley is my final trade so are we going to do final trades. >> for sure. go ahead. >> so, yeah, okay. >> it's all good. >> well, i -- i mean, i want it as my final trade because it's down and i thought that the quota was fine organic growth in tools 11%. a little less than people thought but that is because of timing of shipments into the fourth quarter to third quarter. all noise. operating margins up 320 basis points free cash flow so i'm buying the weakness today. >> a little bit brief, tif what have are you got for me >> mercado libre i've lear

china wants to impose sanctions on american arms companies beijing said lockheed martin boeing raytheon and many other u.s. corporations are affected by the bad china says these are punitive measures because the u.s. wants to ship arms to taiwan worth $1800000000.00. and the business world marks the death of samsung electronics chairman lee can he he passed away sunday for decades he was south korea's richest and most powerful industrialist he's credited with transforming samsung from appliances maker to one of the world's most powerful technology brands but his long tenure wasn't without controversy. south korea newspapers commemorate leake own he is a visionary someone who took some song to new heights. at his funeral and sold his family business associates and politicians paid him their last respects. for them to come from both the departed likud and he was an innovative leader who transformed samsung into a global company. and i thanked him for enhancing the national prestige of the cuban instilling the sense of pride in the south korean people go use some minutes headwinds humor. m

chamber of commerce and vice president for government relations at raytheon. he was nominated by president trump in 2017 and confirmed as a secretary of the army. in 2019 he was nominated and confirmed as secretary of defense. it is truly an honor and privilege to welcome to the heritage foundation and welcome home, i might add, one of our distinguished alumni and a dear friend of this organization. secretary of defense, mike esper. secretary esper. >> good afternoon everyone and enqueue k for that very kind and generous introduction. i want to say a big thank you to the heritage foundation for hosting this discussion about the successes of the deferment of defense of the challenges we face when it comes to implementing the national defense strategy in the era of great power competition. today our strategic competitors china and russia are attempting to erode our hard earned gains as they undermine international rules and norms and use coercion against other nations for their own benefit. we continue to see this behavior globally from beijing's predatory econo

just ahead of airstrikes in syria defense firms lockheed martin northrop raytheon and general dynamicscorp all set stock price records their shareholders are making money off the unusually large number of conflicts around the world. every 2 years or so the early military attacks the gaza strip and right after there is a trade show in which israeli weapon companies show their technologies. all of these israeli companies which are becoming an increasingly important and very significant part of the reading on a me depend on those wars and the 1st thing that they say when they try to market we've already used as an actual human being by making that claim they're able to compete with weapon manufacturers from other countries. the united states is the biggest supplier of military aid to israel this attack on gaza is also trade show for the united states arms industry. the i. think. iran and horses are competing for the crown of militant islam one calls itself the islamic republic the other calls itself the islamic state both want to impose a militant islamic empire 1st on the region and then

china wants to impose sanctions on american arms companies that lockheed martin boeing raytheon and many other u.s. corporations are affected by the bad china says that these are putative measures because the u.s. wants to ship arms to taiwan or $1800000000.00. and the business world marks the death of samsung electronics chairman lee can he he passed away sunday for decades he was south korea's richest and most powerful industrialist he's credited with transforming samsung from appliances maker to one of the world's most powerful technology brands but his long tenure wasn't without controversy. south korean newspapers commemorate leake own he is a visionary someone who took some song to new heights. at his funeral and sold his family business associates and politicians paid him their last respects. 4 times what i'm going to come from both the departed likud and he was an innovative leader who transformed samsung into a global company. i'm some i think him for enhancing the national prestige or the human instilling a sense of pride in the south korean people who go you some go communitar

china says it will impose sanctions on american arms companies beijing says lockheed martin boeing raytheon and many other u.s. corporations welkom under the sanctions it calls them punitive measures following u.s. arms shipments to taiwan worth $1800000000.00 china claims taiwan as its own territory under its one china policy and says that arms sales violate that principle are financial correspondent yes court joins us now from new york yes can you tell us what sort of business impact will these sanctions have on these american defense companies. there's still a couple of unknown so for instance the timeline is not obvious yet but it appears at least at this point that the him picked might be limited because u.s. defense companies are the ones here named are not really doing defense business or arms sales which is china if you look at boeing for example china is a very important customer and it comes to commercial airlines also lockheed martin for instance has been selling some private helicopters to chinese individuals but those businesses so meaning the non-defense parts though they are

one of the stocks we talked about earlier this week was raytheon. guess what?he weakness, greg hayes, the ceo, bought over $3 million of stock himself. he wrote a check. a couple of directors bought seven-figure checks worth of stock as well. you are seeing these reasonably valued, high quality stocks and by the way, next year if you look at earnings growth, industrials, materials, financials are all going to grow as fast if not faster than the s&p 500 in terms of earnings growth, whereas infotech will grow at half the pace of the s&p 500. they have pulled a ton of earnings growth forward into 2020 and in 2021 we will see that rotation. liz: and steve, you talked about what you like right now, some of the dividend players. what do you search for? kind of give our viewers an actual primer. how do you find good quality stocks that pay dividends? you don't just want to pay for a stock that has a high difference debbe divide dividend. it could be junk. >> that's right. you want dividend growth and you want companies that have the balance sheets that even when they

military contractors lockheed martin, raytheon and part of boeing in response to a new u.s.-taiwan arms deal. on monday, the trump administration announced plans to sell taiwan a $2.3 billion missile system made by boeing. japan's new prime minister yoshihide suga said japan has set a goal to become carbon -neutral by 2050. japan is the world's fifth largest emitter of greenhouse gases. the pledge follows a similar one from china's xi jinping last month, who vowed to go carbon -neutral by 2060. greenpeace japan welcomed the announcement but said that doing away with nuclear energy needs to be part of any comprehensive climate plan. back in the united states, in new york city, five climate activists were arrested monday after they shut down work on the north brooklyn pipeline, chaining themselves to the construction site. construction site. national grid-owned pipeline carries fracked gas through mostly black and brown neighborhoods in brooklyn, construction site. national grid-owned pipeline carries fracked gas through mostly black and brown neighborhoods in brooklyn, despit

military contractors that t supply weapotaiwan, including boeing, raytheon and lockheed martin. >> as repeatedly pointed out, the u.s. arms salet wan seriously violates the severely damaged china's it sovereignty and security interests. china firmly opposes sales.rongly condemns th stephanie: beijing also ordered six u.s. news media companies, including abc, the los angeles times and minnesota public radio, to file detailed reports on their orations inside china. last week, the u.s. ordered x chinese media outlets to file similar information. the 27th named storm of the atlantic hurricane season grew into hurricane zeta today. it's on track to strike mexico's yucatan peninsula tonight, and then the storm is likely to weaken and to la somewhere between louisiana and the florida panhandle on wedneay. extreme fire danger is again threatening parts of california. in the south, strong winds are pushing the silverado fire in orange couy. two firefighters suffered severe burns in the blaze. that prompted evacuation orders today for some 90,000 people. in northern california, more ntan a mill

arms companies beijing says market martin boeing raytheon. and many of other corporations are affected by the ban china says these are punitive measures because the u.s. wants to ship arms to taiwan worth $1800000000.00 tons i says further cost cutting necessary due to ongoing travel restrictions the german flag carrier says will reduce its operational sleep by grounding $125.00 additional aircraft during the winter the board of directors signaled the company will shrink in the coming years but in size 210-0000 positions from its current 130000. german business software maker as a.p. is said total revenue was down 4 percent in the 3rd quarter of this year and it cut its outlook on earnings and revenue for the full year as a p reported a one percent fall in operating profit it says the drop is a reflection of even recoveries of lockdowns around the world with some companies reducing spending due to uncertainty over the months ahead. let's get more from our financial correspondent conrad booze and frankfurt. conrad s.a.p.'s not amazon is not zo

look at ge, look at raytheon the commercial oes for their businesses were down 45, 50% the aftermarkethis is not surprising i will say on the positive side, from an investor point of view, the liquidity of 27 billion is very encouraging the production rate very encouraging. you know, i don't think earnings really matter for this company it's all about the 737 max as phil said, looks like it's going to get back up in the air in the next couple of months we got very good reviews from the european regulators. they're saying they're deeming it safe. the faa chief flew the plane twice, 737 max twice and said very positive things so i think they're making progress there. in the meantime, they've got to cut costs because the overall environment is still just really challenging. >> they do have the liquidity that you point out that's one thing they have a defense business that is not, you know, worth zero on top of everything else what do you estimate that's worth? >> yeah. i think the defense business is worth about 80 to $90 a share. it's sort of interesting back in march when the stock fell

raytheon technologies up in new england, which is the parent company of pratt and whitney, announced 16,000 layoffs. again because the commercial airline industry's demand is basically drying up. boeing industry announced 16,000 layoffs also because the same reason, the commercial sector in temples airline orders, again, is completely dried up. . they are not the only sector affected. to any restaurant owner in any district across america. talk to anyone that's involved destination.m disney announced 23,000 layoffs on monday. of the collapse n visits because of the covid pandemic. in connecticut, we have two large native american casinos, foxwoods and mohegan. they started partial operations. still, half their workforce, has not been recalled because, again, because it's to have safe for people gatherings in large density. of day night, the president the united states, before the american people, made the claim that nothing to worry about. a v-shaped recovery. well, tell that to the airline workers. people that -- tell that to the people in the restaurant and again, sector and, acros

will impose unspecified sanctions on american defense contracts on lockheed martin, boeing, and raytheon an arms deal to taiwan. china's foreign ministry says the actions are needed to uphold national interests. in china, president xi jinping opened a meeting to map out the country's next five-year plan. it could push the economy past the u.s. within a decade. china's latest roadmap will center around technological innovation, economic self-reliance amended cleaner government. nt. the --rk has said together they would raise about $34.5 billion. that would surpass saudi aramco's record 29 billion dollars sale share last year. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta. this is bloomberg. alix: thank you so much. this raises a bunch of things for me. one of them is the idea of the monstrosity of this ipo and what you do if you are a u.s. bank? you want to have that business? you want to have part of that listing, but how do you navigate that when we are slowly moving to a bifu

i actually bought that raytheon, you could say there are some issues but their free cash flow was a billion% in four days. these are the thing i am focused on right now certainly i don't think we are out of woods because of what you mentioned covid, elections fiscal, we talked about all of that but at the same time if earnings can continue to come through and it is encouraging and let's watch the reactions and by the way, economic data continues to recover. >> yeah, including claims data today. >>> another major chip deal announced today. marvel announced it will buy inphi. a $8 billion cash and stock deal shares of marvel are lower, and inphi is surging marvel's ceo weighed in earlier on cnbc. >> as we have seen as recently as this week and certainly this year, m&a in semiconductors has been robust. one of the reasons for that -- it is not the only reason -- is that there is a huge benefit, julia, in scale. not only in scale in terms of manufacturing and costs but in terms of product portfolio and offering the terms of accounts we do business with, these would be the large hyper scale acco

added names like fasenol and tool works we have some other exposure in the space through 3-m and raytheonnot more focus, mike, on the jobs report this morning which was a miss and had had a lot of troubling trends beneath the surface about the pace of the economy and the pace at which we're going to gain back jobs we gained back half of them. that is a deep hole. >> on one level the massive numbers flow in and out of the labor market they made it tough to key off of any one report i don't disagree with the take people are locking for work in lower numbers. i don't know that is the reason that the markets are really reacting to that it seems hike it is all about what comes next, whether the talk of a fiscal stimulus deal i mean bond yields are up today. st there has been actually selling pressure on treasuries and it must all be kind of seeing what is on the come not to say that today's jobs number catalyzed some motivation for a bigger fiscal deal but just in general, reading the probabilities as they're now setting up seems to be moving more in the direction of getting some help whereas

news out of china especially disturbing banning raytheon technologies corp.re is head when all over the place, none of which is good and ironically we have a great week of earnings on the table. stuart: thirty seconds left and i want you to tell me if there's anything positive that all. >> absolutely. hope creates opportunity and chaos always great opportunity. we have apple, visa and great companies coming up and that's always an opportunity to look forward and not going to do it. stuart: good for you on a monday. we ended talking about earnings coming up this week. let's pursue the outline. susan is here. take us through the big names speak to the this week and a third-quarter earnings season. apple, amazon, microsoft, facebook and google-- i'm chuckling a bit because if you look at the earnings, it's clustered in our producer did a great job putting all of that in. want to throw in starbucks, boeing, pfizer? it's going to be a busy week so corporate america great so far. stuart: we have had a week and a couple of days of earnings. how do they look overall?

on three american defense companies for proposed arm sales to taiwan, lockheed martin, boeing and raytheonplan a $1.8 billion weapons package, the chinese communist party claiming that taiwan is its territory, says that the arm sales damages chinese sovereignty. your reaction to this and what happens next with regard to taiwan and the potential of china and its overreach? there's a whole other story developing and that's around huawei, 30 countries have already banned the use of huawei. this morning we see an enormous deal in the semiconductor space in the u.s., advanced micro devices or amd will acquire xylinks, creating a high computing leader, a $35 billion deal. talk to us first about taiwan, general. >> yeah, there's another $2 billion deal coming in terms of arm shipments to taiwan from the united states, very, very significant. certainly china has been squeezing taiwan here for a long time. most recently in the last year, since president xi won re-election in january of this year, they have upped their game in doing this. this is the right move that we're taking. i think we should t

the names mentioned include the following -- lockheed martin, boeing and raytheon.company confirming it has helped -- held now preliminary talks to be acquired by inspire brands reports put the price at $106.50, 20% premium to dunken's closing price inspires the owner of other well known chains including arby's, jimmy johns, buffalo wild wings and sonic and that story was broken by deal book over the weekend by lauren hersh nice little story. becks? >> thanks andrew. >>> the u.s. reported 8.5 million covid cases and 225,000 deaths, that's according to johns hopkins university data. in terms of the global totals, we're talking 42.7 million cases and 1.2 million deaths joining us is dr. scott gottlieb, serves on the boards of illumina and pfizer his latest op-ed winter is coming time for a mask mandate dr. got loeb, let's take a look at the markets being down this morning. it might be in part because of these new lockdowns that europe is considering and actually taking into place in some of these countries. we spoke with someone in france earlier today describing how