>> yeah, so united technologies is a global industrial congmerate with a wide range of capital intensive businesses that range from aircraft parts to elevators and building cotetruction als. the emerging markets story with united technolies iseally helping those countries build out their infrastructure wite things l elevators and escalators and things of that nature. we think it's a gigd story now. the stock has been a little bit weak due to uncertainty around the company's announcement that it's planning on breaking up. but the business itself is doing very well. we think that's important a we think this pullback is a good opportity for investors. >>> microsoft is also your pick. why? how does it benefit? >> sosoft is obviously one of the world's largest enterprise software companies with host of products that are ubiquitous here in the.s. and around the world. that's a real advantage for microsoft. ey have kind of found the next leg to their growth story which is their cloud software products. we think they're very wellpo tioned to help their existing corporate customers transition to

bill jones, president of penn united technologies. headquartered in cab bot, pennsylvania, butler county. they provide high quality, high precision manufacturing solutions in various markets, employs more than 500 individuals. since 1971, they have provided quality products and established itself as an industry leader. it is an honor to have mr. jones here this evening. i look forward to the president's address. thank you, mr. speaker. i yield back the balance of my time. the speaker pro tempore: for what purpose does the gentleman from mississippi seek recognition? >> mr. speaker, i ask unanimous consent to address the house for one minute. revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized for one minute. >> mr. speaker, today i would just like to give thanks to be able to be here at this state of the union. to hear about what our wonderful nation is doing. such an honor to be here and to have the opportunity to be present during one of these state of the unions. but, mr. speaker, m

is there an underline -- united technologies, comerica.tractive dividends, they are growing dividends attractively. look at a name like foot locker, they have raised the dividend by over 10% per year over the past several years. you look for companies that can defend themselves against the sorry,f walmart -- against the likes of and amazon, and they are one of the few brick and mortar retailers that are doing well. you have to try on shoes to buy them, and in that case, it is a backdoor play on nike, trading at over 20 times earnings. you get foot locker for 12 times earnings and they have more cash t ondebt -- cash than deb the buying sheet. outflows from etf as if stockpicking actually mattered. are you noticing this reflected in the flows? sylvia: we are, but we are noticing the opposite on the high beta etf's. some of the names just mentioned, foot locker, target, walmart, a lot of these are in consumer staples. consistent demand and constant, persistent demand activity. consumer discretionary, nike did great, starbucks had great repor

united technology, also getting good news from analysts.n stanley raising the its rice star get. microsoft is partnering with tomtom to have location based services to microsoft cloud azure. apple facing a facetime bug fix. all those doing better for the week. here are the losers. dupont, cowan analyst says is ambivalent about the chemical industry. cowan gave it a raiding cut. alex azar at health and human services saying they can eliminate, that the agency can eliminate pharmacy benefit managers. united health own as big one, optim. rx. liz: trading started on nasdaq exchange 48 years ago. it stands for national association of securities dealers. automatic quotes. he has stealth tech picks for us on this birthday of the nasdaq. define stealth, what are the picks that you have, bill? >> there are a lot of very obvious tech companies. a lot of companies in more traditional industries you don't think of as tech companies but ones that created an advantage for themselves through their adoption of tech, or, through the consumers use of tech. a

united technologies is not going to screw it up greg hayes, a nice note about united technologies atreg hayes is not going to do what they did to us in dow dupont people are coming around to david's view, not mine, that the bristol-myers celgene combination is out of desperation. i don't agree with that. >> you don't believe that? >> no, i don't i think it is good get the cash flow, use it to buy more r&d, get a loxo, eli lilly did. dow due poiupont is me. i did all the homework i absolve mr. green. i am the one that if karen cramer were here, she would make me put the post-it on my head, dwdp and make me go get her a soft pretzel go get me a soft pretzel that's why i loved her still do my wife is on a train. i don't have to worry. >> okay. >> amazon -- on a very thin tape here, jim, amazon is down about 2% along with other names that -- twitter and so forth, micron, good year, even after -- >> no divorce there. >> no -- >> trying to do divorce versus no divorce what stocks can be sent down by divorce. >> yeah. >> goodyear is sent down by the fundamentals the auto business, it is bad

raytheon, united technologies and flir systems. why choke point?gh from one point to the other. there is only a few companies that control it. companies that control the choke points like going over a bridge, they have pricing power. pricing power leads to excess earnings. they have excess earnings of 10% or more. liz: doesn't depends what congress will approve for the military budget next time around? it is global you? see the demand coming to our united states companies? >> absolutely because they make components everybody uses. whether prime contractor is lockheed martin or boeing or bae, they're still using components of some of the other companies, utx, flir, rockwell collins. liz: i have to have you put on the colonel hat here. two u.s. navy destroyers did the sail by in the south china sea. tension has been palpable to challenge chinese claims to the south china sea, the spratly island. what happens with the negotiations with trade but does that add din, underlying bus or attention? >> it is global set of circumstances. it is trade. how does

united technologies, utx, also doing well here. this is all about china. caterpillar, all the usual suspects. the trade names out there doing very well indeed on this trade rally. now for the negative side, the other side, the flipside of the coin, apple down and again, warren buffett, having a hand in this, selling a bit of his stake in the company. coca-cola, with results, eps was fine but a weak out look for 2019. as i toss it back to you. i will say one thing. should stop calling it earnings season, start calling it outlook season. that is the only thing people care about. back to you. melissa: gerri a good point. getting close to a deal. u.s. and china negotiators agreeing to further talks in washington next week ahead of a march 1st deadline. edward lawrence live in d.c. with the latest. reporter: melissa, president donald trump says if we're close to a deal he will slide the tariff deadline. the president saying if we're close to a deal he will invite senator chuck schumer and house speaker nancy pelosi in for the final stages. president trump sayin

united technology and you know i love them. gets a lot of growth from china. it stock sank from 141 to 101 christmas eve low. still back to 122. puzzling but has business in china like the otis elevator business -- their chinese business has improved of late but the stock still down from 215 before pence's sabre rattling to 200 now. i don't know it's getting frustrating caterpillar, lots of moving parts but it's gone from 158 to 112 for limping back to 128 now. not great. finally there's tech and this is the one group of the china explosion that's been terrible there are a whole host but the elephant in the room is apple. once again today hit by china fears. darn stock was at 233 then it fell to 142 after the hideous preannouncement at the beginning of the year thanks to a massive slowdown in apple's chinese business since then the stock making a comeback now at 169. however, last week tony s saginetti said things got worse and skywork solutions, nvidia, two semiconductor companies said their stocks were obliterated even telling a good story skyworks fell to 8

i want the united states to win through competition not by block you know it's currently more advanced technologies the united states has also been very clear with our security partners on the threat posed by. another chinese telecom companies as chinese law requires them to provide beijing's vast security apparatus with access to any data that touches their network quitman. we must protect our critical telecom infrastructure the chinese tech giant rejects u.s. claims that its products are used by beijing for spying in december was always chief financial officer was arrested in canada on the request of washington the white house also urging international allies to ban while away from their five g. networks australia new zealand have already brought in restrictions against the firm but a growing chorus of countries including france and the u.k. are challenging the u.s. on its warning there must be sustainable diversity in the supplier market. should the supplier market consolidate to such an extent that there are only a tiny number of viable options that will not make for good cyber security whether

united states. that's what we have done of technology. the book that hopefully all of you have or shall have includes chapters by leading thinkers from the technology field from silicon valley in the tech world and from government and academia and the business and we investigate how these new challenges to america's military dominance in parts need to be dealt with by a better, more productive conversation between the pentagon and america's tech community. we also examine two additional factors china exceedingly ambitious strategy to dominate artificial intelligence in the next decade and of course, built lagging american government funding for basic science research to our universities. the breakdown of that virtuous innovation triangle that walter isaacson talks about in the book that made america great in terms of our technological superiority over the last seven, eight decades. we have seen warnings from the us military leadership about the consequences of the united states when they fall behind. in the development of these new techno

months, we are more tightly r regulating investment by china in the united states, about to more tightly regulate the export of technology from the united states to china. we are restricting pretty significantly research and student entrance into the united states in terms of cooperation, and we're moving to identifying entities we think are a security threat to the united states and undertaking global efforts to ensure that they don't do things like build the 5g infrastructure. there's a global effort against huawei based on our security and economic concerns. i wanted to ask you when i finish maybe to turn on that decoupling thing which i think is not as broadly recognized or appreciated as it should be. last, a couple points on what we should do, michele indicated and touched on a lot of this, we have to have the comprehensive strategy that is geopolitical and diplomatic supporting allies and building the right defense force and to defend ourselves and continue it play the role we've played over half a century as prakash the security platform in east asia on which asia development and economic growth has been built. t

note that while it appears here there was open talk of giving saudi arabia nuclear energy technology that the unitedstates has long had sanctions against the islamic republic of iran for simply trying to pursue nuclear technology and nuclear energy peaceful nuclear energy themselves now when confronted about a kind of double standard when it comes to saudi arabia and iran the response of the u.s. state department showed a rather strong lack of clarity how do you characterize saudi arabia's commitment to democracy and has the administration believe that democracy is a barrier against extremism. we so used. at this meeting. we were able to make significant progress it's important to note that donald trump recently defended the u.s. relationship with saudi arabia but didn't defend it on the basis of human rights or on the basis of even stopping terrorism but pointed to the fact that u.s. weapons sales to saudi arabia are a big source of revenue and that potentially other countries would get in on those weapons sales if the united states pulled out this is some of what trump said defending the us saudi

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note that while it appears here there was open talk of giving saudi arabia nuclear energy technology that the united states has long had sanctions against the islamic republic of iran for simply trying to pursue nuclear technology and nuclear energy peaceful nuclear energy themselves but this is not the first time that many critics of u.s. foreign policy of pointed toward a double standard and how the united states deals with the kingdom of saudi arabia and how it deals with iran for example recently at the state department about the fact that do they criticize the electoral process in iran that the kingdom of saudi arabia is an absolute monarchy and doesn't seem to have elections at all so at this point we heard this response this was deserve a response of the u.s. state department when asked about the double standard has been criticizing iran's electoral process and ignoring the blatant lack of basic democratic procedures in saudi arabia. how would you characterize your reviews commitment to democracy and does the administration believe that democracy is a barrier against extremism. we say is a. n

nonexistence sixty wireless technology in a tweet and called for it to be developed in the united states it comes after months of u.s. pressure on chinese communications for way over alleged spying capabilities. i want five g. and even six g. technology in the united states as soon as possible is for more powerful more stuff and smarter than the current standard i want the united states to win through competition not by block you know it's currently more advanced technologies in a presidential memorandum from october twenty eighth seen it stated that it is imperative that the u.s. become the global leader in five g. technologies and so just a couple of months later washington started piling the pressure on weiwei saying it posed a threat to national security or the chinese tech giant rejects u.s. claims that its products are being used by beijing for spying in december while ways chief financial officer was arrested in canada on washington's request the white house is also urging international allies to ban while away from their five g. networks so the likes of australia new zealand and

aerospace, ge, aerospace, boeing aerospace, united technologies aerospace and honeywell aerospace?pattern >> yes, i do that is dependent on china. >> only one out of four. and they're -- >> don't they all sell into boeing >> yes, kind of. airbus has that plane i love that has the showers and, david, the bar, and it is free. the drinks are free if you pay $5,000 for the ticket. one thing not called out enough is the 15% growth in a division that is warehouse automation and that's amazon. people don't realize the warehouses -- it is the technology is honeywell's technology this was developed starting by david cody darius has taken it to the next level. this is another industrial that is doing so well, but i put it in the feet of aerospace and ingenuity, innovation -- >> if you went to a facility of amazon's ten years ago and now would look totally different in terms of how much automation. >> that's important. when we look at the job number today, which is terrific, you have to understand honeywell is doing its best to lower the cost of a warehouse what do you do to lower the cost yo

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great american companies even united technologies not up nearly as much as you would expect with theitoff because otis is a big problem. those are the companies, you listen to paul krugman, you get a recession, those companies are going to -- the numbers come down substantially. >> axios has a report that some white house advisers have been talking about a mid-march meeting between the president and xi, maybe in mar-a-lago. if we got news on something like that, what would be your first bid? what ticker symbol would you enter first? >> okay, i just did analysis of that and what you would do is you would enter nike nike is already in favored stat ous, already work with the ministry of health and fitness and so rather than go for cat, you can't raise numbers anyway, boeing, which has been immune so far from china, i would go for the company already in the love of china and secondly i would go after apple. secondly because tony was on "halftime," last week, he said, listen, the numbers have to come down there that's different from what tim cook said to me, january is good maybe he has n

because of china united technologies doing this gigantic split up. why does the stock not work?ina honeywell should be at the all time high. but, no, china you can go over -- sky works solutions, which is a terrific 5g play, not so great, china so even then we can go circle back to the big daddy, warren buffett, but apple once again, today, key bank has a thing that says video uninspiring. i feel like with apple, right now someone -- tim cook is thinking about something and wall street already decided it is uninspiring i looked at tim cook's cranium, nothing in there that is inspiring. hello. someone stole my apple watch when i was in italy. what is that is that not verification of what i'm talking about? >> did you get it back >> listen, my wife is busy test driving a lambo so i overlooked it she took that baby to 140 on a major street >> you got the -- is that the other watch? >> my backup watch >> backup apple watch. as we're talking, the president is making some comments about all of this, not jim's watch, but china trade, at a white house meeting with the national governors

. >> yes a lot of industrial slowdown united technologies, not as bad slowdown but china is, the conferenceall, china is usually represented dollar as the reason why somebody didn't have a good quarter. now, think about that, david it used to be that europe was. now, i know italy is a mess. but europe is starting to get better no longer to be bad for us but what matters, really got to make this point, is that china is weaker. so the chinese do not want weaker the chinese want more consumption. t-mo is good >> it was. >> i would buy alibaba. >> disney seemed to have no trouble with shanghai disney and their parks. let's move on to some -- >> you want to go to disney now? >> yeah, let's go to disney now. early, 9:07. >> i didn't know that's what we were going to. >> we're going to it i'll read it and give people a sense of what we're talking about. >> okay. >> disney is rising in the premarket after reporting better than expected quarterly results. helped by media networks and theme park businesses. the company's espn plus streaming service doubled subscriber, they have 2 million in the past

technology in the united states as soon as possible mr trump tweeted american companies must step up their efforts there is no reason that we should be lagging behind on something that is so obviously the future of the trump administration has recently increased efforts to block chinese five g. leader who away from the build out in the united states society security reasons. let's get more on this topic now from our wall street correspondent luis there are all. u.s. companies must step up their efforts that doesn't sound like the usual america first rhetoric now does it. it doesn't nod and at this point in time korea's existing networks continue to be pretty limited here in the u.s. in the case of eighteen thousand for example we're talking about twelve c.d.'s using it last year but we cannot forget the fact that the company also got sued for false advertising after relabeling its four g. l.t.e. network s five g. evolution as a way to convince customers it has a why there are five g. network meanwhile verizon or sprint. all rushing to launch their own five g. services this year but o

transfer force technology transfers and the fact that the united states is essentially calling on president xi jinping to change the whole model of china's entire industrial policy and that's something he's simply not prepared to do because he believes. economy needs to be based on things like artificial intelligence robotics and and five g. technology and of course as we said there are adrian any any trade deal as far as president trump is concerned is not a done deal and till he meets personally with. chinese president xi jinping any indications where you are about where another sheet trump summit might happen well two places are being mentioned high in an island off the southern coast of china that's very close to vietnam and thailand which of course have been mentioned as the two countries that could possibly host the trump kim summit which is due to happen later this month but also of course beijing i think that for reasons of face president xi jinping would rather meet president donald trump here that would look good for him it would also be

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industrials have run quickly and where we would be trimming back in here but we like the utx and the united technologiesthe lockheed martin. we like a couple of airlines which are delta and alaska air so we're really being very picky about what's going into the portfolios right now and just in general the part that hasn't participated yet this year is the value side of things so those large cap names with good dividend yields haven't been moving and so that's an area that we would be looking to buy in here. >> okay, guys. leave it there thank you all very much. >>> still to come, shares of kraft heinz tanking today on a triple dose of negative news including an s.e.c. subpoena what to do with the stock after the 30% drop. >>> we are awaiting video of president trump's trade meeting with the chinese vice premier in the oval office and bringing you comments as soon as we have them stay with us we'll be back right after this break. ♪ (butcher) we both know you're not just looking for pork chops. you're searching for something more... ...red-blooded. right this way. you thirst for adrenaline, you hunger for

technology,, united goldman's revenue is better on mma.ernational business, -- international business machines. helping,s certainly but when we moved a look at this. down 57% and this with they lost their deal us right around amazon.com. binary event, binary results. -- 40% bearshort short interest. -- 14% bear short interest for now, 2.5joining us billion dollar american fund has outperformed at least 97% over the last five years, and 21% in the last 12 months. tom, welcome to the program and to thank you for taking the time to join us. i'm going to start up with a straightforward question. do you ever read sale side research? tom: i think the issue is elseng is that everybody is reading it, so is it really going to give you a differentiated insight? if you want to get a different outcome and investments, you have to take a different set of inputs. so no, we do not spend our time reading research. guy: you have become famous over the last few weeks certainly here at bloomberg because there was a great piece written on you about your trave

wired mocks president trump's tweet that ‘i want 5g, and even 6g, technology in the united states asbout a decade. and from business insider — nintendo america's new president is named doug bowser, and everyone is making the samejokes. for the non—nintendo fans, bowser is the name of super mario's arch enemy in the firm's most famous game. and don't forget — let is know what you are spotting online — use the hashtag #bbcth briefing. i'm @vfritznews on twitter. commodities markets rattled by reports china is restricting access to australian coal at one of its ports. in coming up later on, see you soon. almost a third of young people have lived through a traumatic experience, making them twice as likely to develop mental health issues, according to new research by king's college london. our health correspondent catherine burns reports. flo sharman looks like any healthy 20 robert has a baby, she was seriously ill and needed life—saving surgery seriously ill and needed life—saving surgery and had several dramatic experiences in hospital. then when she was eight, she had a breakdown, she

million, at least at the end of thequarter the firm also increased stakes in adp, lowe's and united te technologiescials during the fourth quarter st lee cooperman at omega pared back his management in citi. tiger management selling some of their stakes in apollo global. berkshire hathaway sold some of its stake in wells fargo but largely bucked this trend adding to positions in jpmorgan and bank of america as well as u.s. bank corp, bank of new york mellon but these are as of december 31st and may have changed in the six weeks since. >> leslie picker, thank you. karen, what catches your eye >> anything that agrees with me usually catches my eye so i look at buffett, jpmorgan, bank of america. dan is going to take the other side, the loathe -- >> so mel was doing the air quotes she listed a lot of really smart investors who are actually peeling out of bank stocks bank stocks were supposed to be the big beneficiaries of synchronized global growth, of deregulation, of tax cuts heading into 2018. they underperformed all last year and act pretty deadly now to me i think it's interesting that the smart

and even sixty technology in the united states as soon as possible mr trump tweeted american companies must step up their efforts there is no reason that we should be lagging behind on something that is so obviously the future trump administration has recently increased efforts to block china's huawei as we just discussed there from the five g. build out in the u.s. citing security reasons. so sixty already james bond's vehicle of choice to get out of a sticky situation is an aston martin of course but the iconic british carmaker can't quite skate brags that its c.e.o. now says a british departure from the e.u. without a deal would be quote madness that would deal a blow to his company. aston martin ranks among the most iconic british brands and he's hoping to keep it that way it's building a brand new assembly plant next to a former royal air force base in wales have confidence in the u.k. car industry amid the turmoil it breaks it maybe but the luxury carmaker isn't ignoring the fact that the future for u.k. manufacturers remains i'm certain i. still have to believe that we'll get to

for many decades now the crown jewel of activity on this subject has been in the united states because of the technology and just frankly the macro economic clout that the united states possesses but other countries have certainly had i mean we've had for example chile and brazilian military files have opened up recently where they have. acknowledged chasing these objects with their jet fighters we have footage that have been given to us from chilean generals recently of these objects being chased by their jet fighters in mexico we have similar footage so a number of countries have actually cooperated with opening up their files but the real research and development projects have been centered in the high tech corridors in the united states and in very classified projects which are properly known as an acknowledged special access projects or you set up and there are corollaries to those in canada the united states the united kingdom and i would presuppose it to some extent in russia and china although to a lesser degree certainly countries all over the world have a prevailing interest in having this inf

technology in the united states as soon as possible is for more powerful more stone and smarter than the current standard i want the united states to win through competition not by block you know it's currently more advanced technologies in a presidential memorandum from october twenty eighth seen it stated that it is imperative that the u.s. become the global leader in five g. technologies and then just a couple of months later the u.s. started piling the pressure on while away saying that it posed a threat to national security now the chinese tech giant rejects u.s. claims that its products are being used by beijing for spying in december while ways chief financial officer was arrested in canada on washington's request of the white house is also urging international allies to ban while away from their five g. network so under pressure australia new zealand and japan have already brought in restrictions against weiwei but a growing chorus of countries including france and the u.k. are challenging the u.s. on this point while wades founder meanwhile says he's actually grateful to ame

arrangement which is which is a grievous united kingdom in european union which means that if the camp be another solution found the right or trade either technological solution essentially the whole united kingdom would remain in alliance with the european union so it's allowed so to allow for a free movement of goods across across the border and it's become such a contentious thing because if that happens united kingdom can't sign trade deals which to be honest is not part of the much of the rhetoric of the referendum brave even referendum which of the trade deals that's now become a big thing that apparently if there's trade deals that's going to be a disaster of the kind of independent trade deals and the irish box open is is that's what's this going to do is follow what's basically been the last twenty five years of of life america forward which is it's friction it's trade but also friction as tribal people live and work across our border many people live on one side border and we're going to obscure them one side by side and it's designed to not change up to be no physical infrastructure on the border and that's i think what has me reminds me v

technology in the united states the soonest possible is for more powerful more stuff and smarter than the current standard. i want the united states to win through competition not by block you know it's currently more advanced technologies first of all i would like to thank them because they are great figures five g. was not known by common people but now at least great figures are all talking about five g. and we're becoming more influential in getting more contracts. in a presidential memorandum from october twenty eighth seen it stated that it is imperative that the u.s. become the global leader in five g. technologies and then just a couple of months later the us started piling the pressure on while away saying it posed a threat to us what national security so the chinese tech giant rejects all of these u.s. claims that its products could be used by beijing for spying in december while ways chief financial officer was arrested in canada on washington's request of the white house is also urging international allies to ban while away from their five g. networks so under pressure aus