here to discuss raytheon technology ceo greg hayes.got to tell you, i'm going to say it point-blank. your business would be so on fire if you had the materials, engineers and semiconductors this would have been a better quarter. you are short on everything. what is happening in america >> well, jim, i think, first of all, thanks for having me on yeah, it was a good quarter. you call it a mixed quarter. very, very strong bookings quarter. for the year, i think bookings were up $12 billion. it was a strong quarter in terms of demand. we saw demand both on the commercial side, commercial after market, as well as the defense side the problem is, as you pointed out, it is about inflation, supply chain and labor availability they are the same supply chain problems everybody is seeing we can talk about chips, rocket motors, castings we have 13,000 suppliers we have people out at almost every supplier working with them on demand, help in terms of control to access labor, lesson-tles long-term supply contracts i don't think it goes away in the

on tuesday, sponsored by raytheon, a major pentagon supplier we had fallen behind russia and especially china. every time we did war games and certain scenarios around the world, we found out that when the rated states was facing an opponent and had developed hypersonic abilities, if we didn't have that capability, we last testing is something we're behind on. we're behind china, into even even russia, for that matter, horsing things, capabilities and offended, so from such weaponry is also being questioned as a congressional ripple ones. the countries radars are, quote, insufficient for tracking the russian and chinese miss os high was like missiles flight these 5 times as fast as than the speed of sound they also can maneuver was traveling to their target. in 2017 russia became the 1st country to feel such weapons to play in the job as the service miss out. the range of such weapons in moscow has also includes the avalon god system carried by intercontinental ballistic missile and 0 on anti ship miss out. the u. s. is not expected to be able to deploy hypersonic weapons before next ye

lockheed and raytheon reporting the same thing on the commercial side of the business only deliveringis year original was 500 off of that target by 125 airplanes. then probably the third piece that got investors really caught them by surprise was the company was going to generate positive looks like they are. a billion from the tax refund and didn't tell anyone about that until today that came as a surprise. investors don't like that. >> it's a long list of disappointments outlined there one interesting thing in your note, ron, an upside risk for boeing involvement of an activist share shareholder. i wonder how much of a candidate boeing would be? not its first big disappointment stock down nor than 30% this year even in such a strong time for airlines >> yeah. so it's a great question a question i get all the time from investors it's hard to speculate on that i really can't, but it is a question that i get all the time because of the series of disappointments the company has had. >> would you buy the stock your target even at neutral higher than boeing now >> in a trading range. seen

so i have long liked raytheon. it's been my favorite.oking for new ones because i always like to keep replenishing. at 18 times earnings, down only 1%, run by the great great hayes, i say buy raytheon technologies how about gregory in california? gregory. >> caller: jim, congratulations on another fantastic monthly meeting. >> oh, thank you you like that stuff? you like that stuff in the beginning about lux better -- better be lucky than good? you like that? >> caller: i like that i also am really enjoyingn't instructional information you're sending out on how to read an income statement because most -- >> oh, man we did a good one on amc i know interested in how to read a balance sheet. but first you have to turn that upside down. you're holding it the wrong way. i say that to the primates but they do have opposable thumbs >> caller: at the end of the call -- you make me laugh. you mentioned an energy stock that was in the bullpen. i'm calling because the sector went up 4% today but this particular one only went up 1 1/2. they sell gas

strategic petroleum reserves, that stockpile being depleted is bad there's another place to hide out, raytheony weapons are being depleted as we are sending aid to ukraine and this is all happening in a time where every single one of our advisories is becoming more aggressive and taking us less seriously. maria: you're right. absolutely. david, arc investment cathie wood writing open letter to federal reserve. the fed seems focused on two variables that in our view are lagging indicators, down stream inflation and unemployment, both of which have been sending conflicting signals and should be calling into question the fed's unanimous call for higher interest rates. david, i guess she's asking the fed in so many words to pull back and pivot. >> it's not often that i'm on the same side of the fence as cathie wood but the fed looks at backward looking data and there's a lot of things that we can be looking. web scraping, realtime credit card data and they seem stuck in 1990's framework where the unintended consequences of this policy i think we are all on board that the terminal rate has to go hi

lockheed martin, boeing, general dynamics, and raytheon. those companies are doing everything they can to make sure u.s. sales to us many countries as possible and wide array of systems as possible. they have 300 lobbyists just amongst those four companies. they employ former government employees, former heads of the pentagon arms sales agency. jobs related to arms sales as a way to get members of congress to support things they might otherwise oppose. that is the military bedrock that every administration has to contend with. of course we have also seen foreign influence. most recently revealed "the washington post come from many military officials are on the payroll of saudi arabia and the uae another repression of -- repressive regimes help them shape their military. coming from the military knowing you're going to get a payoff, they also influence how they treat those regimes when you are in power in the military. there's a lot of money at stake. it shapes the policy and ways that are detrimental to human rights and peace and stability.

raytheon?y spaces you want to be in. missiles, intelligence, surveillance unfortunately, a lot of munitions are being spent, and we all hate it, but those munitions will have to be replaced, peri oy.od we have final trades coming up next personalized financial advice from ameriprise can do more than help you reach your goals. wow... we can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about. >>> all right. 4:00 eastern that is overtime is the worst over for snap we'll find out, because their earnings are in the o.t. the first mover disadvantage, really, it's been in the advertising tech space oftentimes, snap has been hammered, certainly in most recent quarters. some are suggesting that the worst is behind it and we're going to find out when they put pen to paper in o.t i'll see all of you then with chris toomey,morgan stanley private wealth, chris learner, and bre

raytheon not so great, but they're big in the hypersonic weaponry play, so you still want to be in raytheon. i also like pharma. i've been big in lilly, pretty strong play. also in pfizer, i'm losing on that one. don't follow me there. [laughter] energy i like chevron. and my warren buffett play is oxy. i'll be in that as long as he is. liz: you know, occidental, he has a huge crush on that stock is. i said it on my tiktok this morning, my market minute that we put out every single morning, it was all about what is buffett doing on a morning like this because we were deep, deep, deep in the red. and,s listen, we've interviewed him so many times, he was buying this morning, i can almost guarantee it. and what would he be buying? just look at past history, recent history, occidental petroleum because it's a discount right now. we've got it down about 2.7%, and apple. he loves apple. apple has been a brilliant trade for him. the vix, may i just ask you about that, phil? you're looking at about a 4.7% jump here on vix is. earlier it was positive and then before that it was negative. again, i'm

last officials i'm experts wanted during a pile on the matter on tuesday sponsored by raytheon, a major pentagon supplier. we have fallen behind russia and especially china. every time we get wargames and certain scenarios around the world, we found out that when the 90 states was facing it had developed abilities. if we didn't have that ability, we lost testing is something we're behind on. we're behind china, even even russia for that matter. what it is capable of find itself and such weaponry is also being questioned the congressional ones that countries radars are, quote, insufficient for trucking. the russian and chinese missiles fibers might miss all slightly is 5 times the speed of sound. they can also maneuver while traveling to that target. in 2017 russia became the 1st country to feel such weapons deploying the king. jo ann, it's a surface missile also is also in the avalon guard system card by intercontinental ballistic missiles. and the con, anti shipments are the us is not expected to deploy, hypertonic weapons before next year, because earns over hypersonic weapons come as

okay, something else to tell you by today, a panel of experts and official sponsored by raytheon and major pentagon contractor weren't that the u. s. is far behind russia and china when it comes to hypersonic weapons and that has consequences. we had fallen behind russia and especially china, every time we did war games and certain scenarios around the world, we found out that when the rated states was facing an opponent and had developed hypersonic abilities, if we didn't have that capability, we lost testing is something we're behind on we're behind china, india, even even russia for that matter. hypersonic missile fly at least 5 times the speed of something. they can also maneuver while traveling to their target. and 27 seen russia became the 1st country to feel such weapons deploying the kin. joe or to surface missile mosque was, are still also includes the oven guard guide vessel, which is carried by inter continental ballistic missile on the zurich, on anti ship cruise missile. the us for its part is not expected to deploy hypersonic weapons before next year. the earliest when

, it'll be easier for them to say, well, we can continue on power experts and officials salsa by raytheon. i'm a dependent contrive. it was at the u. s. is far behind russia and china, when it comes to hypersonic weapons and it has consequences. we have fallen behind russia and especially china, every time we did war games and certain scenarios around the world, we found out that when united states was facing it, had developer's gonna keep building. if we didn't have that capability, we lost testing is something we're behind on. we're behind china, even even russia for that matter. i really am is also at least 5 times a state of sound. they can also maneuver was traveling to the target in 2017 russia became the 1st country to feel such weapons, deploy king jolla to serve this missile. moskos also also includes the avalon god glide vehicle carried by intercontinental ballistic missiles and ship cruise missiles. the us for it's paul is not explained to deploy hypersonic weapons before next year, early washington capabilities offended, so from such weaponry is also being question. as a congr

but what officials are excellent, but warmed at julian panel on the massachusetts sponsored by raytheon and major pentagon supplier, we have fallen behind russia and especially china. every time we did war games and certain scenarios around the world, we found out that when the united states was facing about it had the delta rep, billy, if we didn't have that capability, we lost testing is something we're behind on. we're behind china, even even russia for that matter of this is the friend itself. and such weaponry is also being questioned as a congressional report warms of countries re does on quote, insufficient for tracking russian and chinese missiles. hybrid like missiles fly at least 5 times the speed of sound. they can also maneuver while traveling to the target. in 2017 russia became the 1st country to fill such weapons, deploying the king jill as to surface massage. the range of such weapons in, well, most of those also also includes the system carried by intercontinental ballistic missile. and the con and tissue massage. the u. s. is not expected to be able to deploy hypersoni

them to say, well, we can continue buying other new the panel of experts and official sponsored by raytheon, a major pentagon contract that was at the u. s. is far behind russia and china when it comes to hypersonic weapons and that has consequences. we have fallen behind russia and especially china. every time we did were games and certain scenarios around the world. we found out that when the united states was facing it had developed hypersonic abilities. if we didn't have that capability, we lost testing is something we're behind on. we're behind china. even even russia for that matter. high was i, missiles, flight is 5 times the speed of sound. they can also move a while traveling to target. in 2017 russia became the 1st country to feel such weapons, deploying the tingle as a surface missile. mazda is also also includes the advent garden glide vehicle carried by intercontinental ballistic missiles and the phone and the ship cruise missile. the us for is for, is not expected to deploy, hypertonic weapons before, next year. at the earliest i was he does capability to defend itself from su

aoc may be a socialist but in the end, she is with the crystal lenses cheney on team raytheon. does not cross that line because she's not allowed to. tulsi gabbard is someone who had served in the military, elected member of congress. decided why shouldn't i say what i think. that's what she did. for doing that, overnight, her fellow democrats accused tulsi gabbard, the combat at her and you'd want in your foxhole, of committing treason against the country she was serving. hillary clinton went even farther than that, speaking of conspiracy nuts, she claimed the russians were grooming tulsi gabbard as some kind of manchurian candidate. do you want to listen to lunacy? listen to this. >> i'm not making any predictions but i think they have got there i had someone currently in the democrat of primary and they are grooming her to be a third-party candidate. she's a favorite of the russian. >> tucker: was she a crisis actor? what a lunatic. no one noticed because everyone was seeing it. the "l.a. times" which at one point was an actual newspaper accused tulsi gabbard of quote talkin

source a week getting most defense earnings as well on the heels of raytheon saw a miss in its missile unit for sales, despite the strength in commercial aerospace. >> right to your point, stock not doing particularly well. that does it here for us on "squawk on the street. "techcheck" starts right now. >>> good tuesday morning i'm carl quintanilla with deirdre bosa and jon fortt looking at's recent cost cuts across tech plus how the ad slowdown is impacting the sector where does meta's quest end? more on the company's metaverse spending and the next catalyst for that name. talk to one investor adding to his position and finally paypal wants you to use venmo checking out on amazon that story coming up next hour. >>> and alphabet first of three hyperscalers reporting tonight. amazon thursday. one focus how demand for the cloud is holding up and what it says about the broader state of enterprise software spent. an area strongest and most resilient parts of tech this year talking a ton about it yesterday amazon confirms reports breathing higher in parts of aws, cloud division an aws spoke

all you need is that new raytheon truck that sees around the corner the raytheon is just a couple hundredand it costs a couple million each time you fire a patriot missile. that would be a very big deal to take them away that would be more than just a for-show statement the saudis are rapidly becoming part of a -- it's almost like we think they're a part of the axis of evil. they've been our friends for years. i'm uncomfortable with how this thing is going, only because they've been a friend, and it would be a shame if we can't just come over to them and say, listen, you made a mistake here, let's rethink this as opposed to some of the stuff that's coming out. >> yeah. certainly sounds like that's what they were trying to tell them in advance of the cut >> i know, but the enmity is -- against china, against saudi now, china's never been our real friend, but the saudis have been a great ally >> meantime, 3,692, we continue to watch for headlines out of the jpmorgan call. leslie has some. good morning, leslie >> no surprise, most analysts focusing on the macro in trying to pin ceo jamie dim

they're made by raytheon. they go after rockets, artillery and mortar rounds.f you've got something that's good enough to shoot out a mortar round, easy pickings. i had 25 of these systems in afghanistan, 2016 to 2018. they're incredibly effective. these are the systems that the united states needs to get on the ground in ukraine now. >> once they get there, how quickly could they be put into use. we talked a lot about certain systems, learning how to use those systems, being up to speed in time. what is that amount of time that they would need? >> they are mobile systems. they can literally be put up in a matter of hours. we're not talking days or weeks. they can be established. now the problem there, of course, is they would be operated by probably american contractors. right now, there's a prohibition against this. this is a bridge that we need to cross. we need to get american contractors on the ground to operate systems like this. also to help repair all the systems that we've given them in the past that are breaking. they're operating with devastating eff

results from the high tech defense contractor, lockheed martin delivered a high number and i beth ra raytheon does the same thing. it's very much a buy after the close tuesday, outfit reports and i'm expecting a good set of numbers thanks to the strength of youtube. this stock got dinged on snaps before rallying late in the day and finishing positive but the funny thing is, i believe alphabet is taking share from snap because google search gives advertisers the right eyeballs and snap is really in the end messaging site for children. the big venture capitalists decided it needed to be more and microsoft has more or less preannounced the p.c. related illness but hasn't disclosed anything about the enterprise. i think the stock works when we hear exactly how well the enterprise part of the business is doing chipotle reports, too. now, i bet they have no trouble beating the s&p because the trade has so much going for it best food. we didn't order from it today. what's that about? great technology and a work force that doesn't turnover much staffing and training are very easy and more important,

boeing higher along with lockheed and raytheon.e thing, consumer staples included. supersusan a+right there. stuart: the chief economic adviser to allianz, mohamed el-erian, is blaming the fed for sparking recession. no two ways about it. watch this. >> we are currently on what i think of as a bumpy journey to a better destination. there is a possibility that the federal reserve makes another mistake and that that bumpy journey actually changes the destination. that is the cost of the federal reserve being late. not only does it have to overcome inflation, but it has to restore its credible. so, yes, i fear that we risk a very high probability of a damaging recession that was totally avoid is bl. stuart: robert herjavec joins me now, a man you may know from "shark tank" and other successes. he's sitting next to me in new york city. are we going into a nasty recession? >> i don't know if we're going into a nasty recession. it's funny, i saw the video, i couldn't agree with it more. that's exactly what i think. i think that i worry m

[laughter] coca-cola, halliburton, raytheon, yeah, i'm in all those names, but xerox, i don't think so -- >> i'm not even sure i know what xerox does -- liz: hey, you guys are mean! i live and die by them. i get it, it's one of the older names. but as you looked at coca-cola, some of the other names, kenny, coming up what will you focus on? we've got the four hs coming up, hilton, harley, heinz -- i forget the fourth. >> right. all those names, and they're all going to speak directly to the consumer. this week we've got 33% of the s&p that reported representing almost 47% of the index. not only the tech names, but there's a lot out there that's going to define the consumer. coke started it. we see the consumer apparently has no issue, they keep buying it, they like the product no matter whether they raise the price or not. it's going to be interesting to see if the other names -- hilton, right, travel's out of control -- liz: by the way, wait until you guys see coming up, we're going to go out to an airport with kelly o'grady. she is going to look at the jumr or since the pandemic, the

>> raytheon, scott the buzz in washington is more money for defense, more than the $800 billion they'veut of weapons to send to ukraine now and we're going to spend more. so 16 times earnings, 2.67 or 7% dividend i like this for the longer term. >> all right rob seechum? >> eog take advantage of it being down today. the best in class player he have the best balance sheet and the best capital efficiency. so take advantage of a 3.5% move >> still have a lot of fans of energy and health care as you heard on the show today. steve weiss, what do you have for us >> yesterday, i talked about deere. that would be a seller of it today, i'll talk about facebook or meta in the same vein look, it's the value trap that reminds me of ibm, if you go back into the '90s so they'll continue to spend money. i don't think there's a value there. i would be a seller. >> you see the clock it's over, you're done "the exchange" is now. >> i blame weiss thank you, scott welcome to "the exchange," everybody. i'm melissa lee in today for kelly evans. here's what's ahead. markets unable to build on yesterday's mass

the middle east if the biden administration wants to play for a win, not a tie you've got to own raytheon fifth leadership group the food and beverage base. remember them? they have been fantastic this season pepsico told us the commodity headwinds will turn into tailwinds next year. and the interim i'm impressed with both coke and pepsi for putting up double-digit growth the best of breed of the group is general mills reported earlier in the quarter was a thing of beauty with real strength in its cereal line and also in blue buffalo pet food. by the way we have unilever later in the show. that's a good one too. and you know i think procter & gamble, one of my favorite stocks in the trust-s going to have a great 2023. of course not everything in tech is untouchable when apple reported at the close their technological prowess delivered -- allowed them to deliver a nice top and bottom line beat, strength even in china. we were constantly told that nobody cared about the iphone 14 yet the new phones are supply constrained all over the world almost every single line item was better than expec

we can extrapolate that what may mean but the bigger story, lockheed, northrop, raytheon, are good chartsmplications? >> absolutely. charles: chris wish we had more time. loaf your work. appreciate it. folks coming up earnings, profit margins we knew they would come down but are they combing down as much as wall street said they would. if not what does that mean? the housing crisis, it gets worse, folks. the american dream put on hold but will it ever come back? douglas holtz-eakin is here to break it all down. ♪. if you wake up thinking about the market and want to make the right moves fast... get decision tech from fidelity. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades. for smarter trading decisions, get decision tech from fidelity. some days, it felt like asthma was holding me back. but asthma has taken enough. so i go triple... with trelegy. with 3 medicines in 1 inhaler,... it's the only once-daily treatment for adults that takes triple acti

but in the end, she's with shll kristol and liz cheney on team raytheon. she does not cross thaott line because you're not allowed to. but tulsi gabbard is someone who had served in the u.s. military, was still serving in the u.s. military, was an elected member of congress, d wh decided why shouldn't i sayi thn what i think?at's and so she did.g that >> and for doing that, overnigh overnight, her fellow democrats accused tulsi gabbard, the combat veteran you'd want in hand you' your foxhole, of co treason against the country. shleing treae was serving. hillary clinton went evenn we farther than that. speaking onf conspiracy nuts, hillary clinton way crazier than alex jones ever thought of being. imed she claimed the russians were te grooming tulsi gabbard as somed. kind of manchurian candidate. you want to listen to lunacy,t o listen listen to this.y >> i'm not making any predictions, but i think they'vi e got their eyerat of on somebody who's currently inrg the democratic primary sh and grooming her to be the third party candidate. >> she's a favorite of

you know, raytheon , go for it. unlenleash the war machine.nd usually you have peopleple n on that far left wing ofr the democraticle party. -- they don't want anti war. they want peace. remember, make love, not war. make love, not war is over.re oe those days are over. harold is looking at me like not in my house, but but those days are over and you need that on both sides. it now looks likkse the only people really questioning the war effort are republicans. they'r warre repube not saying t need to go to war. they're just saying, what are we doing here? thi is this in our national security interests? >> and that's healthy. what do you make of a.s.a. you getting yelled at? you know, she didn't sit in nancy pelosi's offices three years ago. yeah, she's getting again.cehe so i she's getting a little dose . shs e doesn't know how to answeo that. she doesn't she doesn't know how to answer it. and it'secisel precisely what wk talking about here, that thereib is no peace movement iout, tnsaw america. and anyone who who says, waiaim- a minute, and i

. >> a willing tool of soulless corporate power who will always side with google, jpmorgan and raytheonagainst the working, the working peoplet she claims to represent on no subject is this more glaringly obvious than the ukraine war, that wars provides absolutely o benefit of any kind to her constituents. nor,or, by the way, to any othet normal american for the people of queens and the bronx, that war is all downside. no upside whatsoever. so last night, at a sparselyr attendedhe town hall in t the bronx, to have sandyow cortez's constituents said thatf out loud. >> watch this, congresswoman. none of this matters unless, noe there's a nuclear war which youo voted to sentters und arms and s in ukraine. oh, dear god, she's relaxium uke democratic party. okay, you originally voted. u ran as an outsider, yet you've been voting historicallyi for voting to start up war with russia. china. why are you playing with theg lives of american? you'rewith t my life. there will be no neighbors if there's a nuclear bomb. you voted to mobilize and send money for ukrainian. you're a coward. you're a pro

then he worked for raytheon and now he's the secretary of defense.ne else also mentioned that, i didn't have a chance to bring it up. thanks for doing that. (202) 748-8001 is the line for republicans. for democrats, (202) 748-8000. (202) 748-8002 four independents and all others. let's go to rhinelander, wisconsin, allen is on the independent line. good morning. caller: i wanted to talk about the issues of student loans. c-span has been bringing on guest very regularly over the past few months, typically from washington, d.c. think tanks and the narrative i'm hearing from these people is, you know, that canceling student loans, like ppp loans, is a costs to the taxpayers and i'm sorry, that's just completely wrong. ppp loans required money to be drawn from the treasury. they required money to be added to the national debt. but you know, canceling these federally owned student loans that were funded by the taxpayers many years or decades ago, it's a completely different animal. not one dime of money needs to be done drawn in the treasury had not one p

competitions like titan, which is focused on software and data integration and a competition between raytheontware going after some army contracts. in terms of everything we are see play out on the battlefield in ukraine right now, and this risk of nuclear conflict, whether it's the army secretary, wormuth talking about, you know, conversations, diplomatic conversations, whether some of the other folks i've spoken to in recent days, recent weeks, it does seem that dialogue is very active right now behind closed doors. but it's a very real risk. it's the type of risk where, heaven forbid, as one person explained to me, if putin were to detonate a tactical nuclear weapon, it could be -- it could be as literal as which way the wind blows in terms of nato having to react and get involved and, thus, the u.s. into the magn magnitude. you don't want to see that play out on the world stage nobody wants to see that. >> nobody wants to see a tactical nuclear weapon used in any way, shape or form even the discussion of it is, frankly, frightening it's deemed unacceptable, morgan, but obviously the admin

impacts are now poised to carry over into 2023 as the contractor promises to ramp production like raytheonukraine, he tells me he sees, quote, excess i have $10 billion in incremental opportunity. expecting to start in 2024 tactical, helicopters. we'll have more on that outlook and the geopolitical landscape when lockheed's cfo joins me on "power lunch" later today. >>> meantime, other aerospace and defense names are also in the green today. >> awful lot of green, although off the session highs. we opened up around 3762 or so we're off that >>> when we come back, we'll get art cashin's take on this rally and whether or not it will hold. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq - oh, the stock market is doing that fun thing again. yeah... oh. news from the future: you're going to live through that about 10 more times! (laughs) no stress. i just

unlike lockheed martin or raytheon when sees sales growth delayed into 2024, northrop expecting an increasechain improvement but also doesn't expect it to get worse basically stabilizing. a key factor, labor improving. noting increase in head count, robust hiring practices and also a labor market that's slightly starting to ease seeing, quote, growing demand signals across the portfolio, including internationally for missiles, missile defense, and that will take time to translate to sales space emission systems remain critical areas of growth nuclear triad, including the b-21 bomber which will get unveiled by the air force on december 2nd continues to be well funded. lastly, in a weaker than expected quarter, the big bright spot, space. again. two big program wins the ground base strategic deterrent, which is the system that defends the homeland, they've taken that contract over from boeing. and a low earth orbit constellation to track hypersonic missiles but also telling me space strength is broadbased, including work for nasa, which is contributing to q3's 18% growth there as well. stocks

raytheon technologies was mixed and there are raw costs, but it is made up by united parcel having a going in the wrong direction of the stocks. the stocks themselves are doing quite well and the futures have been horrendous as a predictor of what will happen on a given day. >> what do you think is happening? >> right now >> yeah. why have the futures been so out of whack >> i think they're looking at the dollar and the bonds and every take of the bonds. in the end is after a few days the stocks that really did well go higher and i think the people stopped paying attention to the futures which is just a game and started paying attention to how the company was doing which is very real. can you imagine what coca-cola can earn >> geez. there are very unbelievable opportunities here and people are trapped by thinking about the futures and the fed. >> the dollar is up almost 20% in the last year >> think that's done >> yeah. it really is look, there's just -- the idea that our currency is so powerful that we can go over to any country in europe and just have a field day, i mean, look, peo

will take time for production to ramp so the defense department earlier this year for lockheed and raytheonhat are boosting defense spending, that is like to take a couple of years to actually translate to sales now for f-36, which is a quarter of overall revenue, next contracts are on track and while the company did receive a waiver for the chinese medal discovered, not fully complete to lockheed is not delivering aircraft but close according to malave. we'll have lockheed's quarter and more on that when malave joins me on power lunch later on >> looking forward to it thank you. >>> coming up, virginia senator mark warner is joining us live right here on set. we're going to ask the chairman of the senate intelligence committee what he thinks of another term for chinese president xi and what it would mean for u.s. business but next, elon musk and now kanye west we'll talk online free speech and what is going on with rich guys wanting to own their own social media platforms take a look at futures right now. we have some green on the screen dow up a whopping 568 points nasdaq looking to open