state department noted that the $197000000.00 sale of $168.00 tactical raytheon made rolling airframe missiles was requested by the egyptian navy to improve defense and coastal areas and around the red sea but. there is always a but this sale was not without the usual hypocrisy that comes from the united states and its long running addiction to arm sales you see just days before this deal was announced 3 cousins of american egyptian activist mohamed a former political prisoner who was detained by cc's government were arrested sunday in what the united states based activist groups said was a reprisal for his human rights advocacy and what makes the hypocrisy of this story even juicy here is that on the morning of the egyptian arms deals announcement by the administration was celebrating their signing of a declaration against arbitrary detention arbitrary detention like the guy in the egyptian government just executed against the family member of just days before the arms deal. sounds like a good time to start watching the ox. was going on a cd. player so let's see this is joyce state s

if raytheon technologies. we've got raytheon down three-quarters of a percent right now as those questions swirl. let's get to cheryl casone and a developing story here. boeing, of course, is suspending 777s at the moment. cheryl: yeah. and i can explain the pratt and whitney move in just a moment, but let's go through this because fox busied just learn that a preliminary investigation from the ntsb is after underway, pretty quick, they want the find out what happened to the boeing aircraft's engine which exploded, if you will, blew up. investigators just releasing initial findings, it was damaged from a fan blade is what the ntsb is just now reporting. flying from denver to honolulu when the right engine burst into flames. liz, passengers were shocked and they were scared. >> there was a loud explosion. shook the plane, and we started, like, dropping down. like, you could feel, like, going down in an elevator. it was like a quick drop. plane started shaking, and we knew something major happened. cheryl: so al

hall mark raytheon and northrop grumman either cut off the nations the congress members who lied about election fraud or suspended all contributions from their political action committees regardless of party affiliation well of course raytheon and or from grumman are going to be on board with what happened they're not going to condone the use of any explosive device found in the capital that they didn't manufacture themselves if it was going to set off a bomb near a bunch of bystanders it's going to be them 1st plus i'm convinced hallmark is only using this opportunity to create its own set of apology cards called the insurrection collection where you can send a loved one you embarrassed by being a 3rd rate g.i. joe with an i'm sorry i smeared inside the capital card. but in case you don't know why a greeting card company has a political action committee it's because of the supreme court's 2010 ruling on the case citizens united vs the federal election commission which decided that denying corporations the right to donate political dollars violated the 1st amendment thereby treating co

. >> it's all good >> you bought visa and you bought more raytheon talk to me >> you know, visa.nk i'm following on rich's earlier theme of the global market when it comes to finance and e-money as he describes it visa takes a fee every time you run the charge a 10% grower and i think it's reasonable and i think it's a good, solid name i hope it doesn't just get thrown out of joe's portfolio because -- but i really like that he has a discipline >> when i look at raytheon -- okay good as long as i'm with joe, i feel a lot better and i'm even with rich on my visa. on raytheon, the synergies of the merger with utx are still benefiting the company i think this geared turbo fan engine will be a game changer still for several years to come, so i added to that position. i've added a new position there in visa. you know, i'm not a trader, so i hope to have those positions with three to five years i like the fundamentals, and i like the way they balance my core portfolio. >> pete, what about you? what have you got going on >> you know what i've continued to add more and more to the financ

or a raytheon issue? >> it's raytheon, i believe. 59 active planes, prat and whitney is doing, which is raytheon, doing the work to try to figure out what is going on, plat blade, we just have to say, this plane was a redundant plane, and able to fly on one engine, we can't forget that, and they inspect this and it will be done by the government and i do think that the plane was, is designed to handle one engine, we can't forget that, and at the same time, the engine is not made by boeing, but it's boeing's responsibility. so bow egg's not shying away -- boeing's not shying awayed from responsibility it matters ultimately whaet happened and how many have to be grounded and not as many as i thought, and this is a contra-current to a stock that would be up big if it weren't for the fact of this because the number of upgrades that we're getting for airline, and the company like southwest, taking advantage of this, taking advantage, moving into chicago, a very competitive route, there are a lot of companies,

and the blinken of course and raytheon 4 were a thier own person lloyd austin. how is how is it you know donald trump because because donald trump as as you're probably aware is they're looking at converting dollars from for impeachment and joe biden while having a lot of problems is not that reactionary is not that conservative is not somebody you ultimate doesn't believe in the rule of law and in and it done in the democratic process. i mean obviously a lot of people might be screaming at the t.v. set that knowing that biden's record is a mass incarceration of killing the senate foreign relations committee would be able maybe iraq war and i don't disagree with you on that at all but the point is we have to store in terms of you know small steps we have to basically understand that about joe biden is going to support a $15.00 minimum wage that's not something that donald trump is going we will and he and he will definitely do that absolutely. republicans universities i mean these are these are huge issues right we have right now as you're probably aware of very

himself potentially for the entirety of his term as secretary of defense from any matter involving raytheon technologies, so understand you will be making the decisions for dod about the long-range standoff weapon. i want to get you on the record right now, do you agree with the assessment of the past secretary of defense. i believe secretary austen as well that the modernizing of the nation's nuclear forces is the most critical national security priority. including we are talking about the triad of land, air, and sea. critics talk about that as you can get by with two out of three and i do not think you can, what is your thought? dr. hicks: i think that nuclear deterrence is the cornerstone of national security as long as there are threats, nuclear threats out there and there certainly are. i also think the triad has been, as they could carry austen put it, the bedrock of our nuclear deterrent and i think it must be modernized in order to safe, secure, credible. i would added that i am worried about the state of the readiness of the nuclear triad and if confirmed, that is an area i would w

regulators are ordering emergency inspections of the boeing 777 engine made by raytheon and japan is holding flights. the plane in question landed safely in denver and nobody was injured by the falling debris. global news, 24 hours a day on air and on bloomberg quicktake powered by 2700 journalists and analysts in more than 120 countries. manus: thank you. coming up on the show, we turn our attention to europe with boris johnson readying the roadmap for reopening and there are reports italy could ramp up its vaccination program. this is bloomberg. ♪ manus: your monday edition of "daybreak: europe." annmarie hordern in london hq. promising vaccine news, pfizer's shot appears to stop the majority of recipients in israel becoming affected. providing the real world indication it will curb the transmission of the coronavirus. annmarie: very good news, but let's look at the bloomberg global vaccine tracker. israel leads the way with 79 doses per 100 people, the u.k. 27, the united states 19. all of this positive, but we have a tragic number that the united states is about to reach 500,000

>> raytheon technologies. >> hmm. >> zebra technologies. >> all right. guys, good stuff. thank you for watching. "the exchange" is now. >>> and thank you, scott. welcome, i'm melissa lee, and this is what is ahead on "the exchange." wiping out the losses as the investors are putting the fears of rising rates a side. and now, falling aside despite the beat, and we will speak to the ceo of the crypto investments as bitcoin continues to volatile run. and the electric car stocks losing the spark we have some names down 20% or more, and what is driving this move. we begin with today's markets, and dom has the numbers. dom? >> the numbers are looking pretty good. and because we are seeing the dip buyers coming out, and over the course of the past few sessions, we have seen a lot of the high flyers and the big technology stocks are taking a turn to the downside, and in some cases dropping 10 to 20%. take a look right now though. as we are coming awkcoming off e heels of the moves. the s&p 500 is now solid by back 3900 and up about .78, and they are up about 1.01 and still the la

raytheon is missiles and radars.w but the old technology is. that's near monopoly businesses with a number of commercial franchise businesses that will benefit from reopening, not maybe immediately. we see the commercial aircraft business as swinging from oversupply to the very under supply by the time you get into 2022 >> and finally, you know, it's funny, we had micro man on yesterday, ceo of 3m talking about their efforts to become carbon neutral over the next 29 years. i notice as well, it's a fairly significant holding for you. sit still? and why? >> we still like it. it's been one of the slower-burn industrials in the current market 3m is almost like a staples company that happens to be the industrial space, but it also fits that arms dealer description. they sell a lot of precision and chemicals to a variety of industries we're going to have a massive industrial resurge it's pretty much across the board. there is so many supply chains that are, for the lack of a better term, all fouled up right now. they shoul

could be a big hit to the defense companies that rely on them like raytheon, lockheed martin that needance systemses and sensors. the military contracts has been seeing this as a potential issue and been preparing scenario for 2010. they have been reportedly stockpiling rare earths since then. charles? charles: hillary vaughn, very precise in depth reporting there, thank you very much. joining me now, senior fellow at the gait stone institute, gordon chang. hillary just kind of brought this up. the defense industry itself perhaps stockpiling since 2010. we've seen this sabre-rattling before. i'm not sure we seen it in conjunction with the overtures china made recently with respect to taiwan, with respect to the man-made islands. the military, they're becoming so provocative on the military side i feel like this time they may go through with this. >> sure. you know, we have seen china actually institute a ban on the export ever rare ears. that was to japan in 2010. so this is not a theoretical concern. they did the same thing to south korea, two or three years ago. so we have to underst

second half of this year, this can be placed when its like ita or through the top holdings like raytheon technology, general dynamics or boeing and that is really what is going to be happening moving forward. liz: leery eyed have to get to win just to show how some investors are crazy right now you can go back to sunday after elon musk sunday when on the clubhouse app a social media app not a public traded stock to talk to robinhood ceo about why his online trading up impose purchased limits on reddit stocks. investors are like it must be the next big thing and they proceeded to buy the wrong company they bought clubhouse media totally unrelated broke that stock is high as 117% to the upside before realizing the mistake what cautionary tale are you seeing? >> i see something that we see quite often and that's topless investing going on clubhouse media is one of those that people are piling in without any fundamental, without anything the news flow and it seems like it works until it does not work, when anything of clubhouse stock people by the wrong stock they did not even know what the

>> raytheon technologies. >> hmm. >> zebra technologies. >> all right. guys, good stuff.cott. welcome, i'm melissa lee, and this is what is ahead on "the exchange." wiping out the losses as the investors are putting the fears of rising rates a side. and now, falling aside despite the beat, and we will speak to the ceo of the crypto investments as bitcoin continues to volatile run. and the electric car stocks losing the spark we have some names down 20% or more, and what is driving this move. we begin with today'

foxconn working to reintroduce them into asia. 3 d systems partnering with raytheon.uy rating on bed, bath & beyond. i can tell you i brought some broken down, beaten up stocks i have 3d systems and black gearal berry. i had blackberry on a shelf until i got a email that it went through the roof. what do you make of the idea even names broken down can and often do come back? >> they do. some of the greatest stories of all time revolve around broken down stocks. sir john templeton, one of the greatest investors of all time, made headlines coming into world war ii buying busted stocks. and then over the next couple years he turned that into a methodology that made i am unbelievably wealthy. you buy at points of maximum pessimism. beaten down stocks if they have a great business case i submit are worth your time. again retail investors have got the upper hand here. they can often identify those based on common sense rather than dealing with big wall street bonuses or piles of money or sophisticated algorithms. it is version of peter lynch, go with what you know. charles:

we're also watching raytheon which is the parent company of pratt whitney which made the that did failf its 6 flags back in business think park operator announced plans to reopen all 26 of its locations for the 2021 season that includes 5 that were closed on this entirely the whole year last year. the earliest openings will happen on march 6 all 6 likes operates hurricane harbor and discovery kingdom locally. they say that the opening date will depend on local guidelines fly from new york, i'm jane king back to you daryn thanks a lot jane. >>7.19 president biden now offering more help for small businesses suffering during the pandemic starting on wednesday businesses with fewer than 20 employees can apply for forgivable loans meaning they won't have to pay him back. it's part of the paycheck protection program a program that was launched at the start of the pandemic to help small businesses that were losing money a lot of those funds the went to larger companies. so now it's small business owners turn at getting some of that relief meanwhile, the pandemic is having a devastating impact

but looking at it pratt whitney makes the engine raytheon owns proud me, he's only 24 of them in service in the united states of the 7, 7, 7, models. there's a couple in japan, they tour to be grounded for a bit. it's not as big a story as it could be i think it's actually a great story can you imagine surviving with a jet engine on fire like that i wouldn't past ow will come back up on the left i would like or not or all of my but this is the second time this had a problem there's another time back you know trip to hawai back in 2018. not a big boeing story more how great the engine truly is that we can land a plane safely. but we're gonna miss that would like i said it would pass out from into areas with fear. if i saw that on my plane so no going to escape this one narrowly ok well that's good to hear and then our last story today talk a little bit got jay z. >>kendall jenner champagne. what's going on to new id like lifestyle the rich and famous hate the champaign use all the time jay z got on cnbc this morning. i do a double because on the with the ceo of louis that only in a c. >>h

. >> so what are the ramifications for pratt & whitney and perhaps even for raytheon, which owns thet is somewhat longer term, because pratt & whitney no longer makes the engine for the 777. they had a contract in 1999. these are older. they make money on maintenance, service work. so if these repairs prove particular costly, i think you have to start to wonder if it is an accelerated retirement for these aircraft. as of today, there is almost as many of these planes with these pratt & whitney engines in service, so i think that speaks to some of the issues of these bigger planes in particular. now, whether or not we get to that point, we will have to see. the flipside of that is if you did see a wave of retirements here, that could be a good thing for boeing, because it means once international travel comes back pose pandemic, people are going to have to buy new airplanes, and boeing would only be too happy to sell them. >> what about the budget to be able to replace fleets of airlines at this point? brooke: i do not think this is an immediate turnaround. it will be one of the last

it is a unit of raytheon.eing might be getting the headlines here, it is probably more of a headache for the patent. anchor: let's do a check on the marketer now. some gains and losses. some losses and wall street overnight. invested -- prompt higher yields. because we've been raked down by take and battery makers, the lead is pushing back from direct qe. they say is the highest it's been all year. still more to come. this is bloomberg. ♪ >> welcome to "bloomberg markets asia." >> let's have a look. we have tech under pressure. traders mulling the chance of a rate hike sooner than previously thought. >> stocks see their best day since november. macau opens to gamers from china. people will no longer have to quarantine. rishaad: hsbc will unveil earnings and a new strategy later to balance u.s.-china tensions. haslinda: our b.i. minutes signal a stump sign on the road tomorrow rate cuts. core inflation remains elevated driven by rising oil prices. asia hanging on to modest gains after the loss of some wall stre

they're also taking similar actions that we've seen with the faa and take a look at shares of raytheonly what happened with that flight on saturday in denver guys, back to you. >> okay. thanks, phil appreciate it very, very much. we're going to keep our eyes on that stock joe, i think you're going to kick it maybe over to mike >> i am going to send it over there because we're going to move to the markets now. mike santoli is taking a look at the impact that retail investors are having, specifically how they're up ending once reliable market patterns. good morning, mike >> good morning, joe we've been looking at this activity with the options in the stock market not just moving it but some signals we've gotten used to the parts of the market that seem most preferred by retail investors and the influx of relatively new investors small stock and tech investors this is the nasdaq next generation the s&p looks like it's in a very gentle upturn it may be looking like it's over heated the kinds of stocks, micro cap stock volume this is the smallest of the small. the 1,000 exchange listed stoc

regulators are ordering emergency inspections of the boeing 777 engine made by a division of raytheonand korea halting flights. the plane in question landed safely in denver and nobody was injured by the falling debris. iran has offered a compromise to its -- that stop short of curtailing monetary powers -- powers. the international atomic energy agency has given hopes to diplomats time to resolve the dispute. that is your bloomberg business flash. anna: laura wright in london. later today, boris johnson will outline how the government plans to lift the national coronavirus lockdown over the coming months. he's expected to announce all schools will reopen from march 8 as the first step to be opening the economy. hugh gimber, jpmorgan global market strategist is still with us. you lead us into an interesting thought in our last conversation about the types of businesses that will be able to bounce back the types that won't. we saw at the time the pandemic really hit, the markets didn't draw much distinction between global aviation businesses and those that operate pub chains but they w

debris on the ground shortly after takeoff out of denver, the engine was made by pratt & whitney a raytheon planes and use those engines for further inspection. ten year treasury yield hitting close to one year high because of the rising use, is that 1.35 flirted with 1.4 premarket earlier today the bank stocks with higher interest rates means more profit while tech shares have lagged behind and that is hurt the nasdaq. as you can see tech tech is firmly in the red, u.s. retailers and pharmacy with long walgreens and cvs with bot attacks, digital scalpers are program to cut lines and snap up limited supply products, they include covid vaccine which can be a real problem the bots already being blamed for side crashes and stolen slots and it is expected to get worse once vaccines are available for all citizens. keep an eye on that. a light at the end of the covid tunnel for lockdown uk residents boris johnson says schools will reopen on march 8 and people will soon be allowed to see family and friends. take a listen. >> incredible route indeed a 0 covid world. we cannot persist desperately wi

beyond boeing's extension it could even be beyond the engine manufacturer's extension, which is raytheon technologies because they might be out of service contracts already. again i would point out the average age of these aircraft is around 20 years old. so they are quite significantly used already. >> sheila, as you said, it is sort of reminiscent of the issues of 737 max though as you are point outig these planes are a little older and boeing is not manufacturing them with these nmgs anymore that said -- engines anymore that said, every day before a plane takes off who is responsible for the final check to make sure it is ready to go is it the airlines the engine maker boeing who takes responsibility for failing to do significant checks with these two flights over the weekend? >> it is the airlines. and there is maintenance agreements that come into when you purchase an aircraft the maintenance agreement could be with the oem like boeing or with the engine manufacturers. the engines tend to be in long term service agreements with the engine manufacturer, which in this case would be pr

that it will have more investment and more productivity it would be nice if we had a higher savings raytheonwould be nice if we didn't have dis-savings at the federal level. a lot of it is these budget deficits require a lots of assets that's something we need to turn to again but i think this is not the time to be thinking about that. but that time will certainly come >> thank you, sir. >> thank you thank you, senator. >> senator tester. >> yeah, thank you, mr. chairman i want to start by thanking chairman powell. i very much appreciate your frankness. i very much appreciate your fight to keep the fed independent. i know that has been difficult over the past number of years. but you've stepped up. certainly don't want a bunch of politician determining monetary policy and so i'm glad you are at the helm. i also think that we're going to have a debate over this $1.9 trillion package in front of you on probably every damn committee i am on and a bunch of others some of that is, well, all of it is necessary but i do want to talk to you, because everybody makes point, going, yeah, that's a good

has recused himself for the entirety of the term is the secretary defense for matters involving raytheon technologies, so i understand you will be making the decisions on the ground base. i'd like to get you on the record right now. do you agree with the statement of the secretary as well that the modernizing of the nation's nuclear forces is the most critical national security priority and including the triad and they talk about that as if you can get by with two out of three and i don't think you can. what's your thought? >> first nuclear deterrence is the cornerstone of american national security as long as there are threats out there and there certainly are those. i also think that the triad has put at the bedrock of our nuclear deterrent and i think it must be modernized to be safe, secure, credible and i would add that i'm worried about the state of the readinessbl of the nucler triad and if confirmed that is an area that i would like to get my team in place to look at right away. >> senator reid. >> thank you mr. chairman. as i mentioned, transformation will be one of the key chal

raytheon is of course owns pratt & whitney.dow seeing one of the engines on fire, stu? stuart: yeah. i would be terrified. that is a fact. flat-out. by the way, boeing is taking about 10 points off the dow industrials. susan: big recovery. stuart: it has come back quite a lot. it's a recovery, you got it. >>> president biden quick to praise new york governor cuomo's leadership on covid. now the white house is trying to back off a little. roll tape. >> does president biden still believe that andrew cuomo is the gold standard, represents the gold standard on leadership during this pandemic? just a yes or no? >> it doesn't have to be a yes or no answer, john. stuart: all right. we've got the full story coming up for you on this program today. plus the south african covid variant has now arrived in new york city. what is that going to do to a city that is already reeling. i will ask dr. siegel next. ♪. this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of t

what will be interesting is, is it just this raytheon through pratt whitney produced engine or is thisy down by a third. a ton of tough competition from essentially a state sponsored airbus so what is boeing going to do to dig themselves out from this? this is against the backdrop where we never may see business travel ever touch the levels it did prepandemic. so there's a lot of headwhippeds coughs -- headwinds coming up against boeing right now. i don't think this could have happened at a worse time. i think for the stock to be down only 4% is pretty resilient. the stock is up significantly off the lows. i would be in the wait and see camp to see how quickly they can get it behind them if they can get it behind them. maria: all right. certainly is impacting the broader markets this morning. great to see everybody. michael, thank you. katherine, michael lee, thank you. have a good monday. much more ahead this morning. coming up next, senate judiciary committee member, senator marsha blackburn is here on ag nominee, judge merrick garland's confirmation hearings. they kick off today. ch