it looks like there were at least three large contracts that were awarded to raytheon, general electric and bae systems in july and august. that's right after the coup. the pentagon wouldn't talk, and directed us instead to the us state dept. >> i think we've been very, very clear that we condemn all violence. and the president was clear as well that business as usual can not continue with egypt when people are being killed on the streets. >> right. but there was a defense contract of 13.7 million dollars that was

so this was to raytheon, dae systems and general electric. this continue through july, august, and september. when we asked the pentagon to comment on this, they directed us to the state department. when we asked the state department to comment, they had no idea about it. so we commission further research on arms shipments to egypt from the united states, from a group that tracks armed shipments in chicago called trans arm. we found in the three months after the coup, there were nearly 2000 tons of military equipment they continued to flow to egypt, despite the administration's pronouncement that business would not be continuing as usual. and there was a review underway. that might have led some people to assume that maybe there would be a hold on some of this equipment. we found 2000 tons continued to flow on eight ship settler from baltimore, new york, virginia, and arrived in alexandria as late as late september. this continued despite the pronouncements of concern and despite august 14 it has been described human rights watch as one of th

it looks like there were at least three large contracts that were awarded to raytheon, general electric and bae systems in july and august. that's right after the coup. the pentagon wouldn't talk, and directed us instead to the us state dept. >> i think we've been very, very clear that we condemn all violence. and the president was clear as well that business as usual can not continue with egypt when people are being killed on the streets. >> right. but there was a defense contract of 13.7 million dollars that was awarded to egypt on august 12th. [talking over each other]. >> i'm not familiar with that. >> the same day you said at the press briefing that the us was very deeply concerned about the potential for violence. what's the rationale in awarding this contract on the very same day that you're saying that you're very concerned about violence? >> well, the first point is i don't have the details of that contract in front of me actually, i can't confirm that, so i'm not going to respond to something that i don't have the details on... >> [talking over]: the state department and the p

hadley earns more than $128,000 a year in compensation and holds more than 11,000 shares of raytheon stock, which rocketed to an all-time high during the syria debate. a group of guantanamo prisoners are vowing to continue their hunger strike against indefinite detention and prison conditions. the us military stopped releasing data on the hunger strike last month after its tally of participants dropped to 19. but in an article translated by his lawyer and posted by al jazeera, moath al-alwi, a yemeni man who has been in us custody since 2002, says he has remained on hunger strike for nearly nine months despite painful force-feedings. he wrote quote "the us military prison staff's intent is to break our peaceful hunger strike. the result can be read all over my body. it is visible on my bloodied nose and in my nostrils, swollen shut from the thick tubes the nurses force into them." al-alwi says some prisoners ended their hunger strikes to avoid force-feeding or give president obama time to deliver on a renewed pledge to close guantanamo. but quote "as for my brothers and me," he wrote

i see no reason right now to cut a raytheon position back. bobby in california, please, bobby? >> caller: hi, jim. how are you doing? >> all right. what are you up to? >> caller: i have a question on long-term kndi. >> yes, yes. well, this is the chinese version of a lot of companies i really like in an atv business, and i can't go for it because i have just been too mystified by chinese companies and blown away by their numbers. i have to take a pass on kandi. john in florida, john? >> caller: how you doing, jim? >> all right, john, how are you? >> caller: i'm doing good. i need some help with ford. they reported earnings last week. it was good, i liked the ceo, selling a bunch of trucks, do you think it's going to hit 19 by the end of the year? >> 18 is where i thought it could be, frankly, and it's almost there. now, i have to tell you because this is the stock owned by my charitable trust. i'm very disappointed in how the stock has acted. it has not acted well. i'm not disappointed in how the company's done, and that in the end will win out over the stock. it's all in the e

in the last hour we talked about names like lockheed martin and raytheon but there are many subsectors here and what does it mean to the economy as a whole? joining us sam pearlstein, wells fargo head of equity research and crush nugai, isi head of global policy and central bank strategy. great to have you both. sam, i will begin with you. we got a sense that it will not be the worst thing in the world especially considering a lot of furloughed workers coming back for these names. do you see it that way? >> certainly i think the bigger issues for the defense considerate oftores are the budget and what happens over the next couple years with regards to the budget. the firms slowed down production when the inspectors couldn't come to the factory floor to keep production going along. once they were been recalled i think that will be smoothed over very quickly. liz: krishna, you think that is the same way? >> i think broadly correct for the defense contractors there is still a larger question what it means for the economy as a whole. liz: let's talk about what you feel really will happen h

stood to profit from that action and it wasn't and the conflicts weren't expose stephen hadley from raytheon on as an independent source of information and e.u. no it's and yet and yet the american public said no despite the corporate media with the help in fact of foreign media and blogs it's often amazing to me how far ahead the american public is on many many issues and yet how unaware of that we have majorities imagining we're little fringe minorities on many issues because that's how the media covers things you know well what about that i mean because so much of corporate media are owned by corporations ok they frame the agenda they were exactly you heard from charlottesville from dave well i think. right and i think what david's point is a good one also because you know if you really look at the corporate media and how they cover certain things there may be an assumption of what the message is but the reality today and i'm sure i was alluded to earlier is the peoples who because of the technology have access to a huge range of information and data the question is how how how hard will

raytheon beat out lockheed martin and northrop grumman to build the new system. >>> at&t says it will exit the online an mobile advertising network business. it had built the ad works addition to compete with companies like google placing mobile ads. the company is refocus business and will lay off an unspecified number of workers. >> consumer sentiment falling to the lowest levels since january. thomson reuters university of michigan reading dropping to 75.2 in october, down from 76.8 in september much, the third straight month of declining consumer sentiment. that is the latest from fox biz, giving you the power to prosper. adam: john mcafee is back after a series of legal scuffles abroad. the software guru is back in business here in the united states an on to his new project, a device that can prevent the nsa pro spying on you. john, welcome back to fox business. great to have you here. ashley webster joins me and we both want to talk with you about some things but first let's talk about the device. you talk about it that you carry it in your pocket. how does it protect me from un

guest: the large prime contractors -- lockheed martin, raytheon, those sort of contractors, they have power with the banks. if something happens and they need to go get a loan, they would not have a problem getting a loan for lockheed martin, the when you get down to subcontractors who work for lockheed martin on projects, software companies, those sort of things, they are the ones -- if the paychecks are not coming in, they might have to cut off some of their workforce. about the to us federal research centers in colorado. how are they affected? guest: a lot of them are shuttered right now. we have 30 federal research labs. for the most part, they were deemed nonessential jobs, so a lot of them are furloughed right now. host: you are reporting in the -- in "the denver post" this morning "government shutdown might close launch window for mars mission." guest: what ended up happening mission, the next mission to mars, it was built here by lockheed martin, and the launch window is 20 days, starting november 17 or 18, and if they miss those 20 days, they have to wait three years -- almos

other defense stocks like northrop grumman, raytheon also were up. toll brothers went from a neutral to buy rating but will finish in red, with an analyst saying housing spread recovering it's not crucial to focus on the high end perform toll brothers taking it on the chin. >> markets are down, day seven of the government shutdown. and at the same time, both sides are digging in on the debt ceiling. a possible national default are a little more than a week away. most are saying the fed will not taper any time soon. let's take it a step sooner. could this make ben bernanke increase the stimulus on the table? joining us to talk about that, matthew slaughter, now professor of economics and associate dean at dartmouth tuck's school of business. lindsey, chief economist at stern ag and our own steve liesman. steve, forget tapering. could the fed do more stimulus if this mess gets worse in d.c.? what's your take? >> it certainly could, maria. my guess is they would not want to go either way here. that's why a lot of folks i'm talking to think the fed would

polar satellite system is one, the geostationary operational environment satellite system, one for raytheon, one for lockheed martin. one thing i found that was hrg interesting is the tethered air row stat radar system, basically a border drone to monitor narco trafficking that was supposed to be unfunded, the obama administration said they didn't want those drones on the border. that came back. so it's funny these things always at the last minute you tend to get a whole bunch of stuff in there that helps out certain members of congress and when they get asked about did they stick it in there, no, that wasn't me. >> that is what we did. we did call senator mcconnell's office and they said that the senator did not ask for the money, specifically on that particular project we were talking about earlier and to contact senator dianne feinstein of california. lamar alexander of tennessee. senator alexander did send in a statement to us, quote, according to the army corps of engineer, 160 million taxpayer dollars will be wasted because of canceled contracts if this language is not included. senat

starting off with raytheon, posting better than expected third quarter earnings, but the stock is down today. >> the stock is down. it's down with the overall market. it's the latest defense contractor to say that the budget cut, sequestration, everything else in washington, d.c., is going to weigh on them. but what they are saying is they're trying to sell more missiles to the middle east, to kuwait, to oman, to qatar. they want to go internationally to keep the profits, and that's a big deal. they make tomahawk and cruise missiles. >> yeah, five of the large contractors have beat on estimate, locking, a lot of them have run up. >> i want to say on the shutdown, they only said it nine time, and minimized it, versus lockheed martin, which mentioned shutdown three times on the calls. they're all sort of downplaying it. >> do they count if they say it when they refer to shutdown, or the -- >> only the word shutdown. >> all right. herb, you've been following xerox, and you got so excited about this one when i mentioned -- >> i'm actually very pained. i think erse laburns, just brilliant,

defensive stocks hit all-time high, boeing, northrop grumman, raytheon. adam: ups, you asked about predictions for the holidays. fedex and ups are making gains in the past couple days. they're more optimistic because of e-commerce, whether that will actually happen, we won't know until november, but let's move on to something else that caught a bit of attention it has to do with people saying, what the duck. i said it with a d. check out this scene as cvs in saratoga springs, new york. nearly 50 ducks waddled into a store and didn't want to leave. the employees tried to force out the feathered intruders with switchers. they had no luck. eventually a bag of popcorn did the trick. no words how the ducks got into begin with. there is more to this story. there is prankster with a cell phone, battered up all the ducks. nicole: smart food popcorn. coming up in moments, business television's best coverage of the fed decision. tracy byrnes, ashley webster will take you through the next hour of markets now. first word, peter barnes, from the fed, along with our al

the lobby groups, defense lobby groups, they represent companies like raytheon and lockheed, there is concern on top of sequestration cuts which created furloughs and job losses that even more job furloughs could be coming. look at city, counties, states we're looking at closely. stratford, connecticut, where basically, you know, united technologies has a plant there. all the way down to west palm beach, all the way west heading into hawaii. we're talking about makers of the black hawk helicopter. also boeing has been talking about delays in the delivering the 787 dreamliner into the market. here's the problem. it is the auditors and government inspectors who have to certify this equipment as ready for sale and those people are being furloughed. if you can't get inspected, you can't sell the goods, right? that means that translates into job losses. >> it is amazing when you think about how it spreads. there is also the little businesses around plants and facilities that get hit. people with catering trucks or restaurants providing lunch to different people. is anybody measuring that k