greg hayes ceo of raytheon technologies >> raytheon the second biggest s&p gainer behind ge big morningl talk to 3m's mike roman in the next hour about the quarter and the pandemic stay with us when you switch to xfinity mobile, you're choosing to get connected to the most reliable network nationwide, now with 5g included. discover how to save up to $300 a year with shared data starting at $15 a month, or get the lowest price for one line of unlimited. come into your local xfinity store to make the most of your mobile experience. you can shop the latest phones, bring your own device, or trade in for extra savings. stop in or book an appointment to shop safely with peace of mind at your local xfinity store. >>> there he is, runs the public investment found of saudi arabia some 400 billion and they are talking about doubling it in the next five years. he will be our guest in the next hour on "squawk on the street. sofi made it so easy to pay off my student loan debt. they were able to give me a personal loan so i could pay off all of my credit cards. i got my mortgage through sofi and the

. >> the other position talked about jim lebenthal is raytheon, right? you have recommended that to our viewers on numerous occasions and that is up 2.75% today we're talking about a stock sitting in the middle of the 52-week range and $40 the low and $68. what now >> i think goes to a point you made earlier about early season mattering and this being a stock picker's market. you have to take a stance on where you think the airline industry is going if you want to be in rating john. it's a little bit of a lighter version of boeing and only lighter because its defense business is quite a big bigger what you think about here is yes, we'll start flying again as these vaccines come out and yes, airplanes will be purchased again by airlines. if you don't believe that, don't be in the stock, but i do believe that and i think raytheon is a good combination of the commercial, aerospace engine business and the defense. so i don't think at the end of the year, scott. i don't know if raytheon will be on top of the leaderboard because it's what the market produces >

sells you all the pharmaceutical ads in between their ads as sells the war so they could sell more raytheon and lockheed martin ads against all their stuff so note that realize that knowledge is power know that i sell for that so i'll tell you for 2021 so while they try to make you relate loosely pessimistic you know maybe there's better stuff out there you know here is another thing that we saw ending into the year barron's of course always is you know you don't really want to be on the cover of better. here is again like an interesting take in that we're heading into the 50th anniversary of a u.s. dollar dominated world in the u.s. dollar what is the u.s. dollar its debt right so here is barron's one of the oldest most established respected financial journals and imagining the post kovan world because obviously we've been locked down the wall has been locked down in some countries doing a lot better than others in america most people their incomes went up because we have the u.s. . dollar and they could print print print and nobody actually has to do anything we just sit home so a lot of

get rich really quickly in the span of 4 or 5 years sitting on boards of companies i think i've raytheon and other defense companies i then go into government office when their guys get get empowered so it's it's almost senekal i don't think any of these people are most of these people have real political beliefs well tony blinken his return to the public sector he's the secretary of state if they in the senate. really value civil service i'm sure tell me about his record and whether he is appointment does signal the return of your intelligence agencies backing de facto al qaeda isis diane in syria because i'm hearing reports going on the ground hearing reports of troop deployments being made into syria already. so i can't confirm anything about about truth departed i've certainly heard rumors as well we have to see what the what the future holds for 1st area i would say that the american people not our intelligence and we not our officers and our military not our kind of foreign policy wheezes in washington are strongly against interventions abroad the members of. the iraq catastrophe i

since 2016, you served on the board of raytheon tech ecology -- technology and its predecessor, one ofthe largest defense contractors in the nation. i am very pleased to hear that you have pledged you will extend your recusal for matters involving raytheon for four years and you will not seek a waiver for those with usual -- recusal's. gen. austin: i can make the commitment that i will extend my recusal for raytheon and i appreciate the opportunity to discuss these issues with you. as you are aware, what you've asked goes beyond what is required by law. sen. warren: absolutely. gen. austin: i am making this commitment because i understand the unique circumstances you have highlighted. raytheon is one of the world's largest defense contractors and i am sensitive to the appearance and concerns you raised in this particular situation. with respect to the issue seeking a waiver, i do not expect to do that or to need one, but if such an unanticipated circumstance were to arise, i would consider available alternatives to a waiver before seeking one and would consult carefully with the agency

since 2016 you served on the board of raytheon technologies and its predecessor.united technologies which is one of the largest defense contractors in the nation. i am very pleased to hear that you pledged that you will extend your recusal from matters involving raytheon for four years and you will not seek a waiver for those refusals do i have?se >> center, i can commitment that i will extend my recusal from raytheon and i appreciate the opportunity toap discuss these issues with you . as you are aware what you asked goes beyond what's required by law on making this commitment because i recognize unique circumstance here at you highlighted. >> go ahead. >> we are one of the world largest defense contractors t and i'm sensitive to the appearance s, concerns that you raised inthis particular situation . with respect to the issue of seeking a waiver, i do not expect to do that or to anyone but it such an unanticipated circumstance were to arise , i would consider available alternatives to a waiver before seeking one and would consult very going with agencies and eth

austin boyd defense secretary sat on the board of raytheon.e] and anthony who cofounded a firm that billed themselves as a strategic advisory group and is nothing more than a lobbying firm. look at how they marketed themselves on their websites prevent from the situation room to the board room and now back again. it's the very essence of the swamp, totally corrupt and totally unacceptable. sarah the answer, wilde else's just how it works and they all do it, it's just not acceptable. this is the heart of the corruption. we just picked three nominees there. there's many more. we will follow it. everyone he's nominated has some kind of problem like this right this is just the tip of the iceberg and we shouldn't just accept it although there's a reason for the military industrial complex as you stated. general austin is not the first will not be the last. it's up to the lawmakers to make changes so this doesn't happen but they don't want to do that. this is the swamp. this is washington d.c. it's all about the revolving door. think about this, jan

announced or disclosed she had stock holdings and other major corporations including at&t, pfizer and raytheone progressive group demand progress and is not okay with it telling the new york times, there are almost too many corporate clients to count who have relationships to respecti respective, these segment designees with stuart, it's an unfortunate circumstance. the transition team is pushing it off giving the following statement, this is not someone who blows punches when it comes to bad actors or behavior. you can expect she will bring the same high ethical standards top enforcement philosophy to treasury. she didn't hesitate to tell audiences the rules governing their businesses should be tougher and more stringent. other disclosures released this week joe biden's choice for secretary of state, tony made more than 1 million from his consulting firm he founded, west exec advisors. he worked with 17 clients, some with ties to other countries like japanese conglomerate, southbank and mckinsey, global consulting firm. biden's pick for director of national intelligence has the same problem,

i do have a position in that position and i think raytheon was the winner, actually they have $10 billion now in cash on their balance sheet. they announced $1.5 billion buyback, so i think actually, probably see that increase throughout the year but really good numbers there too so very encouraged and again, full disclosure, i own that one as well. >> a lot of the companies you just mentioned are mostly obeying the laws of physics and the rules of nature in the stock market there are a bunch of companies that aren't. we've been talking about gamestop a lot over the past few days and yeah, we talked about tesla in recent weeks. look at blackberry up 46% in a week p palenteer. stitch fix, hasn't dramatically changed and weren't paying close attention but that quadrupled. what does that tell you? >> very high short interest. this is where i think you have this speculation where i think you're seeing a bubble happening. i don't think the market as a whole? a bubble but these names clear ly it depends on your style, john are you a fundamentalist or looking at charts and short interest and i j

general austin is on the board of the weapons contractor raytheon and is a partner in the venture capital fund pine island capital. critics say his nomination contravenes the principle of civilian control of the military. joe biden is the first president in recent history to come into office before any of his key advisors are installed. as president biden's other cabinet nominees await their hearings and confirmations, he has appointed nearly two dozen acting officials to temporarily leadgencies. meanwhile, biden has fired peter robb, the general counsel of the national labor relations board, after he refused to resign. robb was a trump appointee, a former management lawyer and fierce union foe who infamously helped president reagan break the air traffic controllers' union in 1981. donald and melania trump boarded air force one for one final flight on the presidential aircraft wedneay morning. before departing d.c. for his mar-a-lago residence in florida, trump addressed the crowd of seral hundred gathed at joint base andrews. pres. trump: suggest a goodbye, we love you, we will be back i

, which is the catalyst across our airspace covered, some of the names we would like are boeing, raytheoncould get a package of those, whether it's oe demand, after market the rationale for our price target is based on a normalized 2023 free cash flow number the free cash flow numbers are going to be pretty big losses in 2021, that's because of some payments boeing has to give the airlines they improve massively in 22 and 23 and 24, they start to normalize. the reason they're improving massively is boeing is starting to unwind the max that's been grounded for 18, 24 months now that just started buying in december so as we look at a normalized free cash flow we think boeing could earn $10 billion in free cash flow, a discount in market yield of 6% free cash flow, and get our 275 target price. >> let's talk a little bit more about the max. european regulators giving the green light for the max to go up in the air how big of a part will the max play in boeing's potential recovery >> i thought maybe that was the one positive to come out of yesterday's earnings call. so i would mention the 737

stocks, and our top four picks for 2021, liz, are wells fargo despite its recent rally, exxonmobil, raytheon and we like walgreens boots alliance. liz: i could see that. i could see walgreens boots alliance. i could see cvs, phil. i could see any of these names, because we are waiting on this vaccine and at some point they will just give it to the store chains and say you guys do it because this is not working out well at all, but what do you think? does this volatility, and can we show the vix? earlier, it was up 27% so a lot of fear in the markets. i think it moderated just a bit. does this predict what we can expect to see at least in the next month or two? >> i definitely think you will see more volatility. let's face it, i'm amazed the vix has been as calm as it has been for the last couple of weeks. you have so many things in the market, the possibility of more lockdowns we are hearing in the uk, this georgia runoff which is really making the market freak out. i'm surprised we aren't more worried about it. in the big picture, let's think about what will happen if some of these worst ca

indicated that he seem to indicate for example and is reputed himself from many business deals with raytheon for 4 years that he plans to stay the full term and i think that's true with the other people they're fighting. which is as we appreciate your time sir thank you very much indeed for joining us on syria. thank you for having me. but he went ahead in the news hour including the gay news must go along japan's prime minister dismisses talk of council in the olympics and says they'll be proof the world has overcome coronavirus. but of the latest on gold miners in china who've been trapped underground for 12 days. and manchester city's premier league on visions to go ahead as one of their star players suffers an injury blow. for the british prime minister says there's evidence the coronavirus variant circulating in the u.k. is not only more contain just but potentially more deadly the news comes just as britain appeared to be making headway infection rates have started dropping by a around 4 percent per day we've been informed today that in addition to spreading movements the coronavirus v

about the manufacturing visibility raytheon talking about the free flow and ge with the offset.egative one. the second worst performing sector year to date. coming off last week's very sobering reminder that the economy has a long way to go and healing from united airlines, this is a nice, positive offset. that would be the sector to focus on. >> joanne, all the companies we named, they stretch back to the 19th century we'll be hearing from the big nasdaq names, microsoft, apple it will be a big debate as far as whether or not we are in a growth market or maybe more cyclical how would you strike that balance right now? >> you know, good morning, mike. there's certainly going to be an opportunity for the more cyclical companies to outperform one of the mistakes that got them through 2021 -- sorry, through 2020 is going to work for 2021 i do think we're going to see an opportunity with economic recovery coming in the second half for some of the more cyclical companies to do well, whether that be the banks, energy, or some of the consumer cyclicals like a t.j. max. we would argue i

i am very pleased to hear that you have pledged that he would extend the matters involving raytheon for four years and that you are not going to seek a waiver from those. do i have that right? >> senator, i can make the commitment i will extend and i certainly appreciate the opportunity to discuss these tuissues with you. as you are aware, what you have asked goes beyond what is required by law. i'm making this commitment because they recognize the circumstances here that you've highlighted. it's one of the world's largest defense contractors and i'm sensitive to the appearance and concerns that you raised in this particular situation. with respect to the issuees of seeking a waiver, i do not expect to do that or to need one. but if such circumstances were to arrive, i would consider an available alternative before seeking one and would consult very carefully with an agency ethics official. if i'm privileged enough to be confirmed i would be mindful not only of the legal requirements that govern my conduct but also of the appearance is to ensure that the public has no reason to question

in what will be the busiest week for earnings, industrial heavyweights reporting in coming days raytheoned martin and ge all set to release results before the bell tomorrow we have got boeing, general dynamics, north up grumman and caterpillar later in the week. industrials are the second worst performing sector in 2021 with a and d names among the weakest thanks to worries about a defense spending peak and the on ingog impact of covid on air travel back in two. >>> a contrarian call from one of wall street's biggest bears why now may be the time to sell stocks that's on tradingnation.cnbc.com more "squawk on the street" coming up. ♪ ♪ - [narrator] if you're thinking about going to school online, southern new hampshire university is where you belong. we've been online for more than 25 years and have helped thousands of students reach their goals. as a nonprofit university, we believe access to high quality education should be available to everyone. that's why we offer some of the lowest tuition rates in the nation, and haven't raised tuition in nearly a decade. so no matter where you wan

she has stock hold national at&t, conocophillips be pfizer, raytheon.his, this is different working as waitress between earning millions for wall street. we may not admit it influences their thinking. is it qualifying, that is for the public to decide. the biden team is brushing off the ties. they gave this to me in a statement this is not someone who pulls punches when it comes to bad actors or bad behavior. you can expect she will bring the same high ethical standards and tough enforcement philosophy to treasury. she didn't hesitate to tell some audiences rules governing their businesses should be tougher and more stringent. overall the biden transition team tells me these financial disclose sures from yellen but others come under scrutiny. they tell me they show their nominees have had a long history of working in the public second and a small stint for many in the private sector. that small stint for people like yellen has been very lucrative. stuart? stuart: i would say very lucrative. bring it on. let peace get to it. will cain, pete hegseth. the