the ceo of raytheon, a major pentagon contracted corporation boasted that he saw opportunity. we are seeing, i would say, opportunities for international sales. of course, the tensions in eastern europe, the tensions in the south china sea. all of those things are putting pressure on some of the defense spending over there. so i fully expect we're going to see some benefit from it. it wasn't wrong since february 24th when russia moved in to protect don boss military contracted companies like raytheon, boeing, lockheed, martin, and others have seen their stocks sore. joe biden sent a $1000000000.00 worth of weapons to kiev in just one week, and he had to buy them from somebody. plus this war has got us military corporations, some new long term contracts. germany is spending over 1000000000 euros to boost its military. it's committed to spend at least 2 percent of their g, d, p on the military, each year by $2024.00. russian president vladimir putin created a new reality with his invasion of ukraine. it's clear we need to invest significantly more in the security of our country

there is some pushback, but the military corporations have a way of wielding their influence. raytheon, lockheed martin, and general dynamics fund. something called the center for strategic international studies, paying academics big money to plan out foreign policy and advise politicians. the top 5 military corporations spent roughly $60000000.00 to lobby congress and politicians back in 2020. now that's a lot of money, but it's a drop in the bucket compared to the billions they make from war. everyone in dc knows that weapons manufacturers are helping skew us policy towards militarism, but they usually try to be less obvious. they are cashing in on tensions over ukraine of the u. s. pores weapons into the region. 18 numbers of the u. s. congress actually have personal stock ownership and military manufacturing corporations ever notice how hard some on capital hill will fight against government funding for health care for food stamps, other pro rams. we've got to stop this spending. they say, but not when it comes to tanks and drones and tools of death years ago. us marine corps gener

when russia moved in to protect dunbar, military contracted companies like raytheon, boeing, lockheed, martin, and others have seen their stocks sore. joe biden sent a $1000000000.00 worth of weapons to kiev in just one week, and he had to buy them from somebody. plus this war has got us military corporations, some new long term contracts. germany is spending over 1000000000 euros to boost its military. it's committed to spend at least 2 percent of their g, d, p on the military, each year by $2024.00. russian president vladimir putin created a new reality with his invasion of ukraine. it's clear we need to invest significantly more in the security of our country in order to thereby protect our freedom and our democracy. i'm to get some shooting new commitments to buy weapons are coming in from romania, denmark, france, poland, the netherlands, and italy. the nato countries are planning to build their own many army for western europe. we have to be able to react. and one of the ways to react rapidly is the e u rapid deployment capacity that has been agreed. we cannot act alone. we want

conflagration can be hitting the jackpot a month before things heated up and you crane the ceo of raytheon. a major pentagon contracted corporation boasted that he saw opportunity. we are seeing, i would say, opportunities for international sales. of course, the tensions in eastern europe, the tensions in the south china sea. all of those things are putting pressure on some of the defense spending over there. so i fully expect we're going to see some benefit from it. it wasn't wrong since february 24th when russia moved in to protect don boss military contracted companies like raytheon, boeing, lockheed, martin, and others have seen their stocks sore. joe biden sent a $1000000000.00 worth of weapons to kiev in just one week, and he had to buy them from somebody. plus this war has got us military corporations, some new long term contracts. germany is spending over 1000000000 euros to boost its military. it's committed to spend at least 2 percent of their g, d, p on the military, each year by $2024.00. russian president vladimir putin created a new reality with his invasion of ukraine. it's

you mentioned raytheon and lockheed.ocks in mosaic that supplies phosphate and potash for fertilizers just as we sanctioned russian and bella rugs phosphate and potash oh, by the way, mosaic stock has gone up 40% in the last three weeks. at a certain point, jesse we would go to jail or get significant fines for insider trading. at some point we have to actually demand of our elected officials and quite frankly anybody involved in government, you have to put any investment into a blind trust. your members can't have insider information. you can't have insider information. but we are basically -- we are asking the fox who is guarding the hen house to actually behave themselves and i don't see it happening any time soon. >> they just say these advisers they are independent, ned, they rs just these independent financial advisers. they never talk to each other they are just i understand. all right, we're requesting to continue to cover who is making money off this war in congress for the rest of the week. thank you so much fo

why doesn't raytheon get credit?oesn't feature it when you read through them but it's absolutely a good thing for them now this stock just moved 20 points and i think you ought to be careful i think when the president didn't mention defense last night and buying a lot more stuff, that's going to be a two or three-day decline in re:theon the latest sell-off, many great dividend stocks have become what i call ahys, accidentally high yielders even na today's rallies, it's not too late we got to do more on this one. okay this is the one i like the absolute best. much more mad money ahead, including my exclusive with snowflake. wow, what the heck happened? i, mile, don't even know and i follow the company since it became public i love tesla i love elon musk but is there room in this town for other ev players hmm, i'm surveying the space and talking about today's news from ford and gm the other day and of course all your calls rapid fire in tonight's lightning round so stay with cramer (vo) some bonds last a lifetime. some

the ceo of raytheon major pentagon contracted corporation boasted that he saw opportunity. we're seeing, i would say opportunities for international sales. of course, the tensions in eastern europe, the tensions in the south china sea. all of those things are putting pressure on some of the defense spending over there. so i fully expect we're going to see some benefit from it. it wasn't ra since february 24th, when russia moved in to protected on boss military contracted companies like raytheon, boeing, lockheed, martin, and others have seen their stocks sore. joe biden sent a $1000000000.00 worth of weapons to key of in just one week and he had to buy them from somebody plus this.

but as you can see here is followed closely by your service and 2 more american companies, raytheon technologies and boeing. now the stock home international piece research institute trax military expenditures and we've been hearing from its senior researcher lucy barbosa to drop the european countries had been already increasing their meter expenditure for the past few years. picture since 2014 in russia's annexation of crimea, but destroyed is actually accelerating. so there were increases that had been announced, but now their increase on top of increases, so to speak. so companies that say france like sweden or prudent were already saying they were going to increase the richer expenditure, but obviously they're gonna increase even more. so we're going to see europe as one of the read the key regions driving which is spending for the coming years. well, let's take a look at some of the other business stories making news around the world. these g d p won't grow by 4 percent. this year previously predicted, according to the european commission, but while russia's invasion of ukraine may weigh o

they need first rate that's why they should call raytheon we should get raytheon right now -- get greg on the phone and say, listen, give them the latest the truck with the lasers that shoots down the missiles it sounds like syfy but they have it. >> that's ha live shot of poland where the president has arrived after meeting with european and g7 and nato allies kayla tausche is live with more. good morning >> reporter: good morning. president biden is heading to poland where he is going to be meeting with troops. he's going to be meeting with refugees tomorrow. he's going to be giving a major address. also, having a bilateral meeting with poland's president. the city is about an hour from the ukrainian border it's a major con due it for the weaponry being delivered to ukraine. it's a resupply passage way for the forces there on air force 1, jake sullivan said nato allies are in agreement how to respond should russia use weapons of mass destruction. he described it as a severe price russia would pay without going any further. he said u.s. and allies continue negotiations to send anti-sh

s. companies, raytheon technologies, and boeing. now the stock home international piece research institute tracks military expenditures around the world. i asked their senior researcher lucy bl, road suits role to put recent events into perspective. we are seeing at the moment and strong in that sense all across europe in particular for increasing the tree expenditure, but also in canada, which is also in the nato member. and of course, countries are reacting to the outbreak of the war and ukraine and countries have, are actually not making decision soon for their entry expenditure and reaching the 2 percent target said by nato. something they have been asked to do. this is 2014 but are now ready and if you move towards one of those countries, of course germany announcing that it wants to stay with the 2 percent of g d p level for defense expenditures. so are we saying that we're seeing more countries that are spending that haven't traditionally spent as much in the past? is that fair to say, or is it more the usual suspects? china,

lockheed martin and raytheon jointly make these missile launchers called javelins, united states already sent thousands to ukraine and president biden just promised the country thousands more to help defend against the russian forces on the same day congresswoman green made the lockheed investment also tweeted in part, war and rumors of war is incredibly profitable and convenient later responded to criticism of the investment saying our investment adviser has full discretionary authority over our accounts we have owned this american company for years and this small investment was part of our overall investment strategy. the critics say lawmakers should not be able to trade individual stocks they receive all sorts of information the rest of us do not, and there's a new push to pass a bill that bans lawmakers from doing exactly that. cnbc senior congressional correspondent, elan, now, this is isn't just congresswoman green. >> well that's right, shep, she might be the most egregious example but there was a lot of trading on capitol hill as tensions ramped up with russia our team at cnbc du

we have breaking news, in this final hour as we kick it up look at raytheon shares this is important they are popping 3.5% on the pentagon's announcement just a few hours ago that it is sending two patriot missile systems to poland, the long range air defense systems which you may remember gained fame during the persian gulf war, missiles reigning down on israel are being sent as a defensive move to protect nato countries near ukraine. markets following the path, major indices and join an epic rally, in fact the nasdaq is the biggest beneficiary, take a look at one point up 466 points earlier in the session, we are still up more than 3% as the bull come out buying after the tech-heavy index fell into bear territory monday. how quickly things are changing under investor feet. with tech on fire, the oil market is getting absolutely crushed as the russian invasion of ukraine turns two weeks old. we've got wall street's $10 trillion man live in studio with us today, larry fink, the chairman and ceo of blackrock, the world's largest asset manager is here in a fox business exclusive, on wh

but if you look at the real safety bet, the defensive names are defense stocks, lockheed, raytheon, general dynamics, noc, all up 20 to 30%, in the last three months so where does it stop? do you think the spending on defense is going to be curtailed next couple months or ramp higher it's going to ramp higher. nato countries are going to be investing largely in defensive stocks >> so defense is the way you go. >> sure. >> in terms of the signs for the broader market, jeff mills how do you interpret this? some might say it's a precursor to recession or do you look through it, there's other things moving the dollar and bonds. >> i don't feel you can look through it just yet. i keep coming back to the idea the market is a little bit complacent i know everybody is talking the amount of bears is outweighing the bulls but if you look at put call ratios, the amount of put buying relative to call buying is not as extreme as we'd typically see in a real market panic. we haven't really had that freak-out moment yet not necessarily that we need to have one but there's so much going on out there it fee

the potential for surgeon sales of all types of weaponry has lifted lockheed stock 8.3 percent and raytheon shares 3.9 percent be a systems. a largest contractor in the u. k. in europe is up 26 percent of the world's top 5 firms by revenue li, boeing has seen a drop. well to discuss solar that's i'm joined from still come by ph visa mon, who's a senior research where the stock home international at peace research institute. mr. visa and welcome to the program. so 1st of all, do you think this harold a global rushed to by arms as nations defense budgets? or is it just driven principally by european concerns about the russian invasion? the russian innovation a new ukraine definitely is going to push european states to acquire more alms, exactly how many we have to see something which we can expect, which really so in the previous 5 is that there is an increase, for example, in arms imposed by european states but also the rest of the world, there are plenty of other regions with attention. so i high and where countries have and also will continue to invest in, you know, the mit is an obvious r

, a combined $5.3 billion paid to the biggest contractors, including lockheed martin, boeing and raytheon. major contractors were told to pass along payments to subcontractors quickly to mitigate the financial effects of the pandemic. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. >> good afternoon. from new york, 1:00 p.m., 6:00 p.m. in london, 2:00 a.m. in hong kong, i'm matt miller and welcome to bloomberg markets. risk appetite is back at least for today. global stocks in the green. we will discuss what the rally means for the credit market with the global head of strategy for creditsights. and ukrainian president zelensky says he's prepared to compromise with russia to end the war and bitcoin back above $42,000 as president biden signs an executive order on digital. assets. we break down what is in the plan and what it means for the future of crypto. you can see the s&p rallied near session highs now, 2.7 5%, 4285 the level. investors let go of u.s. debt. 10

lockheed martin, raytheon dropping.ut traditionally when we see those, we see cybersecurity stocks drop with it. instead, we saw cybersecurity stocks rise. people are favoring tech as opposed to the broader market. emily: thank you. as the invasion of ukraine and attempts at negotiation continue, the president made this direct plea to american leaders in english. >> pressed invited, you are the leader of the nation. i wish you to be the leader of the world. being the leader of the world means to be the leader of this. emily: let's bring in fitzpatrick on capitol hill. jack, it was a powerful speech, it referenced pearl harbor, september 11 and a message to president biden. how is the speech to congress influenced the president? >> at least on capitol hill, that speech was taken in a positive way. lawmakers are very supportive of ukraine, every member i have talked to said they found it inspirational. i spoke to the top republican appropriate are in the senate who is responsible for sending funding, saying it was a great

which is lower today and a raytheon lockheed and those shares are down 6% why? going to cut its request for f-35s by 35% in the upcoming fiscal 2023 budget request. weavmo sawon he requk the street on the other side of this break. you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. >>> the london medal exchange was set to resume trading in nickel. >> but a new systems error led to more chaos. kristina partsinevelos is tracking it. >> last week the nickel trading mark broke and the london metal exchange, started up again and the ceo was on our airways bright and early this morning. >> we are absolutely mindful of the impact that this had on so many people. and we need to make sure that it doesn't happen again >> and it did happen again right after he went on air not long after he made that comment. unlike the new york stock exchange, they imposed a 5% nickel limit and 15 base metals and they were supposed to be rejected if they fell more than 5% but that didn't

the outperformance of many defense contractors in the sector namely northrop grumman, lockheed and raytheonn 9% and 20% given the russian war in ukraine >> let's get to rahel solomon. >> good afternoon. the white house is detailing a new national strategy to test and treat covid. official says it's designed to get the nation back to a more normal routine allowing pharmacists to prescribe treatments as soon as someone tests positive >>> united states is expanding sanctions to belarus for enabling russia's invasion of ukraine preventing russia from importing technology from u.s. is coming. just moments ago a powerful exploes reported near the city's railway station. >>> a billion for an oligarch facing western sanctions said he'll sell the premier league soccer team he owns. he is not planning a quick sale. the team is valued at more than $3 billion he say that is the proceeds will go to a charitable foundation to benefit quote all victims of the war in ukraine >>> and amazon is moving from brick and mortar retailing and selling the physical bookstores, pop-up shops and four-star stores it do

if you look at some of the defense names in the u.s., lockheed martin, raytheon, booz allen, these companiesng extremely well. don't forget about cybersecurity because along with physical defense, you have bdo's worried about cyber criminals, state-sponsored cyber terrorism, crowd strike, palo alto doing very well in this environment. guy: good morning. what about the energy sector? this is another area people have been using to play the situation in ukraine to try to get some protection from what is happening as commodity prices rise. talk to me a little bit about those risks of putting fresh money to work there. we have obviously seen a lot of money flooding in. is there a danger that if you put money in to late, you could see a huge reaction going in the other direction? say we get the iranian talks working up this weekend, more crude comes onto the market. if we see a cease-fire in ukraine, it would have a meaningful impact on the energy sector. how volatile do using that area is going to be? cate: i think you have nailed it. the energy sector is cyclical, so you buy low, sell high. this

hrc its millions and millions from companies like amazon, raytheon, morgan stanley, et cetera. of which fully support now the transgender project. so if you are wondering why the moment that same-sex marriage became legal in the united states, at that exact moment, your kids' teacher begin to demand the reality for biological sex, you know now why. it's all part of a fund-raising campaign from washington. if you felt like you're caught in the middle of somebody else's fund-raising campaign, you are. as a result of this fund-raising campaign, here's what elementary schools look like now. >> this is the first year of preschool with a class of my own. we've been talking about gender, skin color, consent, empathy, our bodies. it's been fabulous. >> i teach my students about gender identity. some are girls, boys, both, some are neither. >> you can pledge your allegiance to and he looks around and goes, oh, that one? >> tucker: every emotionally marginally young woman with a nose ring now teaches at your kids schools. "i teach my element re-students about gender identity" as one on t

near term raytheon and lockheed see a bump with javelins to ukraine means restocking l3 harris seeingd's fighter jet could see more international orders and the helicopter initiative likely now to get priority with the program competition playing out between two companies currently. funding for modernization is in place and benefit northrop grumman and others and not to be overlooked helping i.t. names. keep an eye on space russia's space agency saying to stop servicing and supplying rocket engines to u.s. northrop and lockheed. ual saying managing the transition to the vulcan launch system all engines for the flyout are safely stored the factory in alabama this puts focus on the american rocket engine manufacturers like blue origin and aerojet rocketdyne >> i was going to ask more from the idea of elon musk and the cooperation that it requires just to get into space or servicing the international space station is a different issue. >> sometimes there's intersection military side where space is concerned. commercial space where spacex is falling into that bucket with a broadband servi

own or by their spouse or child, in sectors directly affected by the war in ukraine that includes raytheonon and oxy and crowdstrike. we estimate $7.7 million since february 1st the bulk in energy and security and cyber and defense. the defense secretary tweeted this the day before russia inv invaded. quote war and rumors of war is profitable and convenient. she disclosed she bought shares of lockheed, chevron a day earlier. a spokesperson for greene said her investments are handled by an outside adviser and did not know about the trades until she read about it in the media lockheed is an american company and that stock is up 11% since the day she bought it. this scenario is why many members are calling for a ban on congressional trading. we reached out to every lawmakers on the list and the ones who got back to us said they are not directly involved in managing portfolios brian, some said they support a ban on trading back to you. >> okay. they say they support a ban on trading. where do we stabnd is there anything happening in cons congress to ban stock trading by congress >> reporter: t

lockheed martin, raytheon, some of these names. but where do you see a chance that, obviously, today they're all down, but other sectors that you at least can find, i guess, a safe haven? did we just lose scott? >> no, you didn't, i'm here. i'm sorry. no, here's what i think, right? if i'm going to give you a gimme and a little bit of a stretch. the gimme is when this market starts to come back, and it's going to come back, the war won't last forever, conflict, whatever you want to call it, but i can tell you technology will still bounce back hard, and that's a good place to be. that's not going away, that's quality. i still like that sector. but another one is i'm not giving up on fossil fuels. i still say we've got an energy and food crisis here, the energy crisis is not going to go away anytime if soon. fossil fuels are going to come back into the fray if especially with what might happen this november of '22. so i love the energy sector, especially fossil fuels, and i think that once we finally get done with this war, conflict,

we have breaking news, in this final hour as we kick it up look at raytheon shares this is importantat it is sending two patriot missile systems to poland, the long range air defense systems which you may remember gained fame during the persian gulf war, missiles reigning down on israel are being sent as a defensive move to protect nato countries near ukraine. markets following the path, major indices and join an epic

it was about a five billion dollar deal with raytheon. so i suspect this is an acceleration of the delivery of those which were intended to be delivered in twenty twenty two . obviously 2018. they had no idea this was going to happen. but again it's very you know, it was clear at the time that poland is purchasing these patriot missile systems as a defensive measure in russia even at that point declaring it all and you know, this is a threat to russia that we're doing this . meanwhile, russia has tactical nukes, you know, pointing in owen's direction. so, you know, we at some point we have to draw the line under this concern over what putin is thinking, whether putin will be upset by actions that we take simply within the nato alliance. >> yeah, and they reiterate over and over again this is for defensive. you know, this is only for retaliatory stuff that has nothing do no offensive position. now poland wants to give ukrainian twenty eight of those mig twenty nine fighter jets. if the u.s. were to sell poland f-16 in return, the u.s. says

the demand for come cozy drones expects it to expand in the next 12 to 24 months lockheed martin, raytheonon to date as defense spending rises, many analysts do expect more orders for major weapons system the reason, increased support for spending, improving cuts or delays in ship building. shares of huntington ingalls are up 2% as well. mike. wh wt's not just a trade right no ene return, moe der noe ceo sharing mills of his shares of the company. we've got the details next look, as cfo it's my job to be ready for whatever's next. that's why i have my finance team, randomly hurl things at me. it's also why we use workday. it gives us insights, so we quickly pivot our strategy, people, planning, you name it. sorry, sir. i will aim straight at your next step. see that you do. would you like some coffee? workday. the finance, hr, and planning system for a changing world. ♪ the street". ceo of moderna is with us. robert frank has been digging through the numbers. robert. >> stephane bancel selling his $400 million worth of shares since the start of the pandemic. this is according to s.e.c. fil

companies you know all the names in here it's everything from lockheed to raytheon bullets, missiles. talks and cessation of violence, obviously like the rest of us are this is not about that actually, i would keep my eye on it and wait for the moment when people sell out of it short sighted. the big picture here is that the average of the 30 nato countries are spending about s 2.6a% of gdp. one thing we know for absolute fact that number's going higher. the u.s. used to spend like 7% now it's in the 3s that's probably going high er ad i think non-nato countries what happened in the last three weeks is a wake-up call. germany wants to write a higher level of gdp spending on military stuff it's in their constitution germany. so this is a play on that. not a trade. if you look at the components here, actually, the majority of them are selling for a below s&p 500 multiple i've seen the case made by analysts that follow this space closely that typically when there's any kind of military activity, not only do these stocks get parity with the s&p actually trade at an average of a 20% premiu

. >> that's a long time from now >> thank you raytheon merged with united technologies are you kidding me >> terrific. and carrier, but that took a very long time the ge split is years in the making until they were actually three separate companies. >> i'm saying that i like that kind of call more than i like -- listen, it's de-risked you're toast if you bought it. was good rx de-risked. you need a doctor if you bought it i can go over so many of the nasdaq names david, is it time to buy joe bee? >> i don't know. maybe potentially never be time to buy some of those names >> no, but that's my point people have lost fortunes in rent the runway. rent the runway. >> we have seen a lot of odd moves lately in stock that would indicate that de-risking you're talking about. shares of paramount yesterday surging because somebody was clearly covering a short position nothing to do with your underlying fundamentals or whether it was other names getting crushed because people were finally giving up i don't know how much of that -- >> what's your -- nuclear war? >> zero. >> if you think the existen

is developing it ar lockheed martin, raytheon, northrop grumman, leids we are expecting a number of policyon in coming weeks and hypersonics is expected to be a key focus of all of that reporting that comes out of the administration and its stance on defense longer term. >> having to get educated on the development innovation and these defense he technologies, no question about it. as we go to break, the biggest laggards on the s&p this morning. weakness in consumer discretionary, some tech nielsen is going to be the biggest laggard as it rejects this takeover bid by consortium. 'lbeig bk. competition beat us again. how? they have a better finance system than we do. i feel like they might have a better finance system than we do. workday. how do they make better decisions faster? workday. it's got to be something workday. i think i got something. work... hey, rob, you're on mute. hello! hey, rob, there he is. workday. the finance, hr and planning system for a changing world. trading isn't just a hobby. it's your future. so you don't lose sight of the big picture, even when you're focused on

, a check on defense stocks with names like lockheed martin, northrop grumman, general dynamics, raytheonn today's trade. space missiles shipbuilding stand to benefit from president biden's new defense spending proposal for fiscal 2023 however, that proposal includes a 4% increase for defense spending for next year and that is a number experts say is not enough to offset inflation depending on your gauge, let alone account for geopolitical risks. wall street and washington analysts already predicting another continuing resolution, which impacts defense stocks hence, the red on your screen. we're back in three. this is the new world of work. each day looks different than the last. but whatever work becomes, the servicenow platform will make it just, flow. whether it's finding new ways to help you serve your customers, orchestrating a safe return to the office... wait. an office? what's an office? ...or solving a workplace challenge that's yet to come. wherever the new world of work takes your business, the world works with servicenow. cal: our confident forever plan is possible with a cfp®

near term, raytheon and lockheed could see a bump as more missiles to ukraine mean more replenishmentell not to be swroefr looked increased cyber efforts and spending on intelligence could according to jeffreys benefit government i.t. services, names like leidos and booz allen hamilton also business jet makers companies are navigating dozens of pages of sanctions that will likely impact everything from titanium components, other areas of supply chain to aircraft, the ability to reclaim planes as maybe laid out within the sanctions and helicopters from russia also, tomorrow an insiders view of defense if ukraine, among other things have an exclusive interview with the ceo and chairman of honeywell and, david, honeywell is trading up 2% today because it is holding the first investor day since 2019, reaffirming first quarter and full-year guidance, upgrading the long-term financial framework and talk about the new tech and innovations that the company has been investing in, what they call future drivers of growth from quantum and cyber and software to esg. this is interesting. the indust

security stocks like cloud strike, 220,000 followed by defense including lockheed martin as well as raytheon and next era energy two days before the russian invasion. on the day of the attack she tweeted this, quote, war is big business to our leaders. now, a spokesman says all her trades are conducted by an investment advisor and she didn't even know about them until they got reported in the media. however, all of the members who responded to our questions said that their portfolios are handled by third parties and they are not personally or actively trading but they and their families do get the benefit if these bets pay off, and that's why there's been so much pressure from the public and within congress' own ranks to tighten the rules back to you. >> all right, thank you very much coming up, much more on markets this morning as stocks aim for a winning week futures right now going to give back some of the three-day gains. s&p set to open up about 30 points, nasdaq off by 117. plus federal reserve governor christopher waller will talk inflation pressure and the economy. "squawk x"ilbeig b

how do those look like that weren't financing lockheed or raytheon, et cetera?and that's what's been driving these stock prices more recently i think your point about your financing more broadly, it's a broad problem that's impacting the commodities sector, you know, across the board the problem is they keep risk limits based upon dollar notional what's happening the risk tolerant is not going up as fast as the price which is then making the number of barrels go down so we're not raising the risk up high enough relative to where the price is, and as a result units are going down, the barrels. what matters to the global economy are the number of widgets, the units and so by constraining credit and risk to a notional level we're reducing the amount of units in the system. you can see this in the metals they're having to liquidate inventory because they don't have access to the credit and financing. this is becoming a serious issue. >> what they're doing with amc helping getting finance basically for a mining company >> and if we are going to be driving evs, we're

when we have this kind of a capitalist system with raytheon, general dynamics and everybody that worksg more money, how much more do we pay to get the same products versus a communistic or socialistic system? guest: i think the caller is highlighting some inherent difficulties in inefficiencies that are in our defense acquisition system and the incentives that defense contracts can provide for industry are not always aligned with what we actually want these companies to be doing. in some cases, i think what he was talking about is what the call cost reimbursable contracts, where the government says to a company, i'm going to reimburse you your cost for doing the process, i want you to do it exactly the way i tell you to. whatever it costs, i am going to reimburse you plus a negotiated profit margin on top of it. that can create all sorts of perverse incentives were companies will do things knowing that they are inefficient or suboptimal, but because that is what the government is paying them to do. i don't know that it is a problem of our whole economic system, capitalism versus social