and we are joined by lockheed martin about sending weapons to ukraine. we begin with stocks and dom has the key numbers. >> your eyes do not deceive you. it is a pretty zeebt rally right now. it wasn't that way earlier it was more mixed around the opening bell we are toward the session highs. the dow industrials about 400 points to the up side. up 1%. 34,812 the last trade. the s&p 500, 4447. one and a quarter percent gain 242 points to the up side. the nasdaq has reversed course a little bit, maybe a bit of that rotation coming back 1.8% gains there the nasdaq leading the way technology and come services a big focus there. if you want to look at the earnings related stories today, take a look at the top two near. johnson & johnson up 3%. travelers down by 5.5% johnson & johnson one of the bigger contributors to the gains today. travelers the biggest detractor. you're getting roughly 40 point gains. meanwhile travelers takes off about 60 points with the 5% drop al burton and has bro coming in with earnings reports now decently moved here. halliburton com

they have already said they want to buy lockheed martin f-35's. finland made a $9 billion deal to buy them from lockheed martin. the whole push for more spending by mato -- nato would be a huge food u.s. weapons contractors. can't forget back when nato was expanded, lockheed martin lobbied heavy to see that. they knew the new 20 countries would have to get rid of soviet era weapons. there is spent and long history of u.s. companies cashing in on the whole nato range. juan: there were two major powers in the world effectively disarmed after world war ii germany and japan. th pretty much remained disarmed for all of these decades. what is this conflict doing -- you written about the situation and japan, between japan and russia has not got much attention. could you talk about that as well? >> i think between the focus on china, which the pentagon still calls their "pacing threat" and the attempts to exploit the ukraine crisis to push of the pentagon budget and also allies like germany and japan to spend more, you have a situation where countries tha

lockheed martins and wraith yons. we understand the gun lobby. why don't we understand the power of the arms industry when it comes to this. president eisenhower, general eisenhower, in farewell address back in 1961, i warn you, war you, again unwarranted iran sfluns of the military industrial xplex. eisenhower said that today, dismissed as a far-left crank or putin apologist. right then and right now. we do not keep to spending more and more money. yes, let's support ukraine but not hand out contract to these defense contractors. >> you and i work in tandem. graphics show with your words visual of numbers and how this is playing out. with the u.s. spending more on defense than the next 11 countries combined. 2017 to 2021 u.s. accounted for 39% of major arms deliveries around the world. providing weapons for 103 nations. more than half of the member states of the u.n. when you mehdi, see these numbers, you have to ask this question. how many influence does the arms industry have incentivizing conflict versus conflict resolution when it comes to d

that's little surprised to find the stock value of the world's largest defense contract, lockheed martin, have been on the up on february 24th. it share price stood at $395.00. it now stands had $467.00. well, to discuss this further, let's cross live to former executive director of the national black police association, ronald hampton, mister hampton. it's very nice to have you with us. thank you for joining me. so well, if there's one side that is clearly winning in this war in ukraine, well that would be lockheed martin and cope. they wouldn't want this conflict to end any time soon. now, would they? no, well, i'm not sure about the how they would feel about it, but i know that they would want to have peace in, in, in, in, in the conflict is important. so are you at all concerned that this influx of weapons because i have worked in the cave region. i have seen all this for i have touched the javelin missile complex myself, and i have seen them being captured from well, very untrained people. so are you concerned and maybe surprise there isn't a tight control of the arms when they ente

martin facility that makes javelin anti-tank missiles. a spacex capsule carrying four astronauts docked at the international space station, it's the first time that a crew was equal of men and women, it comes less than two days after a flight chartered by millionaires. after an 8 minute bidding war, the largest blue diamond sold for $575 million. download the app or connected tv. i'm alice gainer, cbs news new york. o'donnell: tonight, the high- marine veteran trevor reed is heading home to america. like a scene out of a movie, the prisoner exchange, trevor reed, held by guards, leaving moscow today. there's two americans in a statg the release of reed, president biden said we won't stop until paul whelan and others join trevor in the loving arms of family and friends. we have a lot of news tonight. trevor reed's parents credit their personal meeting with president biden last month right here in washington for his release, calling it a "tipping point." the white house says this was a deal months in the making, and that it was the presiden

lockheed martin and raytheon are expected to be there the stocks rallying. lockheed martin up 32% raytheon and northrup up 20% general dynamics gained 17%. all four just below the year highs as we await news out of that shall we call it meeting? summit at the white house let's get a news up date courtney >> thank you in new york subway shooting suspect has been arrested. sources say he was taken in custody in the east village. >>> french presidential candidate is warning against sending more weapons to ukraine. >>> president biden has authorized another $800 million in military aid for ukraine. and in turkey a way to celebrate the anniversary of the first manned space flight. he says it reached a height of 25 miles and splashed down off the coast about 75 miles from the launch site. back to you. >> ke babes away thank you. >>> all right. ahead, netflix nixed more and more analysts bearish on netflix. what's wrong with the streaming giant? >>> plus, taking a cut meta planning to allow - >> virtual asset sales wait until you hear the cut tscebook will be takin

even lockheed martin which will benefit from additional defense spending with a yield of 2.4%. then of course financials stand to benefit as rates rise and they're spread business benefits and u.s. bancorp has a yield of 3.4%. positioning your portfolio to take advantage of rising interest rates regardless how high interest rates rise or over two increments stands to benefit investors well for the next two or three years, liz. liz: i want to articulate for people happen to be sitting in their cars sitting and listen on xm stir russ 113 can't see the screen, u.s. bancorp has no, 3.5% dividend. lockheed martin 2 1/2% dividend this is forward. cisco 2.7. williams, 5% dividend here. aep, 3%. listen you get paid no matter what the market is doing. we're very close to session lows here. the nasdaq has gotten crushed. when you compare it to the rest of the major indices. what do you compare this to? is this lael brainard saying we have to draw down the balance sheet faster at the fed than we originally articulated? or what is going on in ukraine, sanctions, a longer term war we're goi

so what i do is i gravitate toward the guy that i like yim who runs lockheed martin i think lnt is a great company would you look at this and i'm supposed to have fun tonight. i'm so glad this miserable month of over. i think next week should be better i think the next few minutes will be better only because the month is over on mad tonight, warehouse had the strongest first quarter on record so could they continue to build profits. i'm checking in with the ceo and then elliott management has site sights set on sun for do they need what it is needed for sustained growth and i'll get into the action. and is it time to adjust the covid strategy strategy i'm talking to an expert in the field. stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc ado dmeyething he tmaon.cnbc.com. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly deliv

president biden is set to tour a lockheed martin facility in alabama next week where tank missiles are made. u.s. has provided many of the weapons to ukraine. thursday the un secretary general visited a town outside capitol kyiv where officials say there is evidence of russian war crimes. >> wherever there is war, the highst price is spared by civilians. >> reporter: ukraine and russia have yet to achieve a break through. they agreed to release trevor reed. he was released to his home state of texas this morning. >> the state department is working to free two other americans in russian custody including brittney griner. >>> later today city officials will talk about a program to curb retail theft. it lets private companies contact sheriffs deputies. they will be meeting this afternoon at 1:00. >>> next on kpix5 and streaming on cbs news bay area, new lawsuit delivered to the postal service. why california is getting involved. >> a celebration taking place in san vero beach, florida. my wife and i have three children. ruthann and i like to hike. we eat healthy. we exercise. i noticed i

martin plant that manufacturers the jav -- that manufactures the javelin anti-helicopter missile we've been sending to ukraine and thank the workers for making the weapons that help stop russia's advances in cities like kyiv. their hard work has played a critical role in ensuring putin's strategic failure in ukraine and they should know we know it. in addition to this supplemental funding i'm also sending to congress a comprehensive package of -- that will enhance our underlying effort to accommodate the russian oligarchs and make sure we take their ill-begotten gains. we're going to accommodate them. we're going to seize their yachts, their luxury homes and other ill-begotten gains of putin's kleptocracy. the guys who are the kleptocracy. but these are bad guys. this legislative package gives law enforcement capabilities to seize property linked to russia's kleptocracy. it will create new methods for forfeiture and ensure when the oligarch's assets are sold off funds can be used to directly remedy the harm russia caused and help rebuild ukraine. additionally, yesterday, russia threate

and next week, i will be in alabama, to visit a lockheed martin plant that manufactures the javelin anti-tank missile we've been sending to ukraine, and to thank the american workers -- thank them -- for producing the weapons that helped stop russia's advances in ukrainian cities like kyiv. their hard work has played a critical role in ensuring putin's strategic failure in ukraine, and they should know that we know it. in addition to this supplemental funding, i'm also sending to congress a comprehensive package that will enhance our underlying effort to accommodate the russian oligarchs and make sure we take their ill-begotten gains. ha, we're going to “accommodat”" them. we're going to seize their yachts, their luxury homes, and other ill-begotten gains of putin's kleptocracy and the guys who are the kleptocracies. [laughter] but these are bad guys. this legislative package strengthens our law enforcement capabilities, to seize property linked to russia's kleptocracy. it's going to create new, expedited procedures for forfeiture and seizure of these properties. and it's going to ensure

but the fact that they're pushing for this higher budget, and that's coming with lockheed martin getting 75 billion dollars a year, larger than the budget of the u.s. state department. i think it pushes the cause towards military solutions. >> yes. and just on that, pushing the cars in the budget. andrew, i have to ask you, what would it take if anything, for the pentagon budget to actually shrink? we descended the largest war in american history last year, a 20-year fiasco in a scans than. you might think that would be the opportunity for a peace dividend? but no, the budget is going on beyond what trump was gonna ask for. where would it take for president to say, actually we can cut defense spending? even if it's by a few million? >> that's a really hard question answer. because, i'll give you good example, in 1991 the enemy that we have been spending a year, decades, a month old. billions of dollars arming ourselves to defend against the soviet union. that was the enemy, and all this so -- that suddenly disappeared. no more enemy! what happens was the defense budget went up a little b

the president of the united states, a democratic president, going to a defense contractor lockheed martin, to watch javelins coming off the assembly line. that is a little bit stronger than just plain rhetoric. think of the images and backdrop of that. as you just heard the president talk of that, this is a white house that is prepared to spend whatever it takes. in this context, $73 billion is a lot of money. this is may 10 times thesp ng spending in israel and maybe a compressed timeframe. yamiche: billion dollars is a lot of money. how does congress see this request from the white house? is there support? nicole: at this point, it seems there will be bipartisan support from both democrats and republicans. i had a with the ranking member on the house foreign affairs committee. i asked if this fse ig g e-he said republican said we t to go through the package, but he feels strongly that ukraine needs all the military might it can get, and democrats, too, want to move forward with this package as soon as possible. majority leader chuck schumer says he plans to make it a priority. hans: the

so boeing was represented, raytheon, bae systems, lockheed martin, general dynamics, they were all represented today. and it was a good discussion. we were very grateful. i want to say that at the top. grateful for their willingness to come in and have that discussion, deputy secretary hicks kicked it off. she led it and again, i would fully expect there will be additional such roundtable discussions going forward with the ceos and perhaps others as time goes on. >> one more if i may. can you confirm the reporting that the biden administration is moving to significantly expand intel sharing with ukrainian forces that could help them? sec. kirby: i talked about this before, carla. as the fight has changed, as the geographic concentration has changed for russia and they are focusing on the deborah ross -- don ross -- donbas, we felt it was important to update the guidance on intelligence with ukrainians based on the development said we are doing that. >> helicopters, how they getting into ukraine, do ukrainian helicopters pick them up? sec. kirby: they will be shipped into the region and then i

ibm, fifth third bank, lockheed martin, halliburton, netflix and johnson & johnson all reporting tomorrow. a look at the futures at the start of the new week slipping off their lows of the morning but slipping as we near the opening bell, about two and-a-half hours from now. this after all three major market gauges were lower last week. the nasdaq being the biggest loser, down by more than 6%. oil prices this morning essentially flat. there are concerns about supply glut. crude oil is lower by the west texas intermediate by 61-cents a barrel. the yield on the 10 year treasury topping three-year highs, almost four-year highs, nearing 2.9%. again, mortgage rates, 30 of year fixed rate mortgage will cost you the most it has in more than a decade. looking at european markets, they're up slightly across the board, gains in england, france and germany and asian markets were all lower overnight. the biggest loser there, the nikkei in japan down 1%. the hang seng closed for a holiday and they were digesting the economic news out of china. twitter founder and former ceo jack dorsey seeming to side

lockheed martin and boeing you are seeing investors tilt with value and growth. it is evident. look, just yesterday, you saw the nasdaq futuries coming back p. you have to be a stock picker. you continue to be a stock picker this volatility is a great opportunity. i stay optimistic about earnings season people are kskeptical. there is a lot of opportunity. you have to stay away from black eyes like netflix. it punched a lot of people in the teeth. you have to learn from that and reposition for inflation portfolio and that is where the names play a nice part for the inflation hedge in any portfolio. >> every day, jeff kilburg bringing sexy back nutrien and united airlines. we appreciate it, my friend. thank you very much. >> thank you, sully. >>> you are welcome that does for us on "worldwide exchange." m.e you tomorrow morning at 5:00 a. "squawk box" is next dow futures are higher have a great day we could bring it right to your door. with 1 to 2 day delivery from your local cvs. or same day if you need it sooner. but aren't you glad you can also just swing by to pick it up, an

>> raytheon, bae systems, lockheed martin, general dynamics, northrop grumman were represented. amy: is the pentagon meets with the largest weapons contractors, russia warns the binder administration to stop arming uk

you think what the pentagon is doing, yesterday meeting with lockheed martin, making sure they could keep the production and supply chain going into the weaponry because look at the stock that is going to ukraine. this is an incredible amount of military aid and support. lisa: meanwhile you have russia and bring up the threats when it comes to finland and sweden and their potential joining nato, saying they will create more nuclear threats in the balkan islands near them in order to prevent them, if they join nato. how realistic is this, the sort of signal, a lack of leverage -- does this signal i lack of leverage? annmarie: they have always warned finland and sweden not to join nato and particularly finland. the soviet union, this is their imperial leader over union, this is almost personal to vladimir putin. they shared 850 mile border between the two. the idea finland joining nato scares him. so what we have today? the former president as well when putin was a prime minister basically signaling we will now put missiles there. that is what they are signaling now. incredible missile

martin. the new york times is reporting that part of this conversation is because the u.s. thinks it will be a protracted war, so that would mean these contractors need to boost supply. we heard from deputy secretary of defense, taking to twitter. this is what she had to say. we have seen members of industry indicate their willingness to work together. that is what we are getting after with constant dialogue. the white house has been cleared the president is leaning forward where we think we need help. congress is too. it is making sure all of the supplies are working, because the u.s. is going to need more supplies as they shift or to ukraine. guy: we're just getting some heads coming through, annmarie, this is a briefing happening where you are in d.c. some nations have provided ukraine with advanced weapons covertly, but there is a push to provide significant quantities of heavy weapons. as you say, this meeting will be moving in that direction. u.k. and others providing them out of europe

martin, whose share price has been up around 30% since the start of the year. 0ther defence manufacturers have also seen big jumps and evaluations this year. not all the extra dollars will go on the bombs, tanks and other technology that is increasingly important in 21st century warfare. the vast majority of spending is in fact taken up by more mundane costs, such as the payment of wages and benefits, such as pensions, as well as on operational maintenance costs. it is only a small proportion of total defence spending, such as the big ticket items, such as planes and tanks. well, let us hear more about what all of this means for the weapons makers. the uk, it has a sizeable presence in the international defence industry and the ads group represents more than 1000 companies, including big names like bae systems, rolls—royce, boeing and talus and i caught up with its chief executive, the big boss, kevin craven. kevin, a real pleasure having you on my show, thank you forjoining me. kevin, let us start with this, if you could paint as a brief picture ofjust how the defence industry is react

martin trading at a multiple of 14 .4 with a dividend yield of 2.3 in the middle, the chocolate maker hershey from the consumer staple you don't have to be all in for value. for both, or defensive perhaps you want to adjust those allocations based upon your own risk tolerance or assessment objectives some combination of the threes should prove well for investors over the balance of 2022 >> what about the reopening trade? does it make sense to you that one would keep working? where does that fall or is it in us own category >> i think parts of the reopening trade might fall in the growth category. if you look at the e-commerce names beaten up thus far, a lot of people thought those were historically the stay at home trade. but keep in mind the paradigm has shifted. americans are now shopping more online than ever even after the pandemic so some of those names, those growth oriented names in that area may be worthy of consideration just as much as the technology sector. the revolutionary providers of technology recognizing over the past four rate hike cycles information technology on av

martin plan. they manufacture the jablon antitank missile that we have been sending to ukraine, and to thank the american workers for producing the weapons that help stop russia's advance into cities like kyiv. their hard work has paid a critical role and they should know that we know it. in addition to the supplemental funding i am also sending to congress a conference of package that will enhance our underlying effort to accommodate the russian oligarchs and make sure that we take their ill begotten gains. we are going to accommodate them. we are going to seize yachts, luxury homes and other ill begotten gains. the guys who are the kleptocracy. [laughter] these are bad guys. this legislative package enforces our law enforcement capabilities to seize property linked to russia's kleptocracy. it will create new expedited procedures for forfeiture and seizure of these companies. it will ensure that when the oligarch's assets are sold off the funds can be used to remedy the harm russia caused in -- a

he's going to be visiting a lockheed martin facility that makes among other things javelin anti-tank missiles. now, this is so striking because it comes at a moment when u.s. officials are increasingly openly and publicly talking about sort of the goal of wanting to weaken russia militarily. now, this visual is probably going to be just very striking because this will mark the president not only talking about some of the weapons that the u.s. is sending to help ukraine, but will actually be getting a tour of such a facility that makes these kinds of weapons. again, this seems like it is going to be the president not just talking about this but almost showing off the fact that this is a way in which the u.s. wants to continue helping ukraine. >> mj lee at the white house, thank you so much. >> extending the investigation into war crimes outside ukraine. next, hear from a lead prosecutor in poland as that country takes in the testimony from refugees of war. stay with us. hand in hand,h so you should really be focusing on b both, and definitely at the same time. sensodyne sensitivity &

martin plant that manufactures the javelin anti-tank missile we've been sending to ukraine and thank the american workers, thank them for producing the weapons that help stop russia's advances in ukraine in cities like kyiv. their hard work has played a critical role in assuring putin's strategic failure in ukraine. in addition to this supplemental funding i'm sending to congress comprehensive package that will enhance our underlying effort to accommodate the russian oligarchs and make sure we take their ill begot en gains. we'll accommodate them and seize their yachts and luxury homes of putin's -- yeah. autocracy. these are bad guys. to seize property linked to russia's autocracy and create new procedures for forfeiture and seizure of these properties. it will insure that when the oligarch's assets are sold off funds can be used directly to remedy the harm russia cause and help build ukraine. additionally yesterday russia threatened two of our allies with the cut-off of energy supplies. while america has ended all russian fossil fuel imports because we're able to use our vast suppl

among the companies invited, raytheon, and lockheed martin which build the javelin and stinger missils. at the same time the biden administration is expected to announce $750 million in military aid for ukraine as soon as this week. it could include new weapons, including coastal defense drones and howitzer cannons. with that in mind, russia issued a new threat this morning. the deputy foreign minister warning any u.s. or nato military vehicles carrying weapons across ukrainian territory would be viewed by russia as legitimate military targets. but joe, back to the news about germany, a plan for the chancellor to go on that trip, but told by ukrainian government perhaps by mr. zelenskyy himself he's not welcome there. >> it really is fairly extraordinary. you also remember, well, of course we look at what germany has been doing over the past six weeks, as something very positive. they're now talking about paying more than 2% of their annualized budget for their military. that means germany's military is going to be bigger, if you just look at their gdp and how much money they're going

next week i will be in alabama to visit lockheed martin plant that manufactures the javelin anti-tank missile we've been sending to ukraine and to thank the american workers, thank them for producing the weapons that help stop russia's advance in ukrainian cities like kyiv. their hard work has played a critical role in assuring putin's strategic failure in ukraine and they should know that we know it. in addition to this supplemental funding, i'm also sending to congress a comprehensive package that will enhance our underlying effort to accommodate the russian oligarchs and make sure we take their ill-begotten gains. we're going to accommodate them. we're going to seize their yachts, luxury homes and other ill-begotten gains of putin's -- yeah, kleptocracy. but these are bad guys. this strengthens our law enforcement capabilities to seize property linked to russia's kleptocracy. it's going to create new procedures for forfeiture and seize of these properties. it's going to ensure that when the oligarchs assets of sold off, it will help build ukraine. additionally, yesterday russia thr

cultural issue and it had no damage to the business i would easily argue trump doing the tweets and lockheed martin stock go down and had no long run impact on shareholders what you are seeing today a direct economic impact to a very large company because of the issues that are being debated and probably going to be more prevalent as we begin to think about this companies could avoid this and figure out what the political terrain is we have a proprietary score assigned to every company and disney is 251st out of 500 companies in the s&p 500 so they can obviously do more work here to navigate this to minimize the economic impact but the republican governors say there's an economic consequence if you do that that's a new development in this twist. i do think the biggest takeaway is the republican relationship with big business is basically over at this point and a harder terrain for companies hit by the pop list democrats and republicans. >> an implication is that it raises the cost of the lobbying spend because they have to curry favor with both parties. >> exactly right so you got to make th

martin, plant to manufacturers, the javelin anti tank missile. we've been sending to ukraine and the thank the american workers, thank them for producing the weapons and help stop rushes advances ukrainian cities like keep their hard work and has played a critical role, ensuring prudent, strategic fail ukraine, and they should know that we know it in addition to this supplemental funding, i'm also sending to congress comprehensive package that will enhance our underlying effort to accommodate the russian oligarchy. and make sure we take or take their their, it'll be gotten gauge. we're going to accommodate them. we're going to cesar yachts, luxury homes and other it will be got engaged of prudence cub tucker. yeah. cryptography. club, the guys who are the club tucker, but these are bad guys. this was a packers transfer, the law enforcement capabilities to see the property linked to russians. cryptography is going to create new experts, procedures for forfeiture and seizure of each of these properties. that's going to ensure that when the oligarch

i'm morgan brennen lockheed martin out with earnings results this morning. posting a mixed q1 gab earnings $6.46 per share beat revenue just about $15 billion coming in light. top u.s. weapons maker reaffirming full year guidance, though i spoke with the cfo who called it, quote, aed start to the year the guidance includes no impact from ukraine he says there's increased demand for assistance like the javelin missile but lockheed is a long lead business so translation to sales will hinge on large part how quickly production can ramp. for the f35 program between international demand germany, finland, possibly canada now and recently dod requests he feels, quote, confident in the ability to deliver 650 fighter jets per year over the next three years that is notable since the stock had sold off on fears of fewer aircraft just a few weeks ago. lastly on shareholder returns key for defense investors. lockheed completing half of its $4 billion share repurchase plan in q1. i asked if that will be boosted and only two months on the job saying, quote, it's under eval

martin which totals more than one and a half times the budget. is it the only agency that has not never passed a budget? >> that is correct. >> and it's actually failed its last four audits and yet we are continue to pile money on top. i would just say that to representative moulton's questions, i would argue that there are more efficient ways to spend the money we have. it doesn't mean that we can't have solid and secure national security if we actually cut out waste, fraud, and abuse and focus on the technologies that are going to provide us with the biggest bang for the buck. and yet it seems that our only strategy on military spending is bigger is better. do you think that bigger is better forever and ever, director young? >> i think a defense budget has to be strategy based. congresswoman, you have been a longtime advocate here on getting rid of waste, fraud, and abuse in the department of defense, that is accurate. we've also heard from the other side of the aisle who believe our number isn't large number. that is why we believe the right t

twitter is up again, of course and some other names like lockheed martin, some individual stock stories. earnings season, are you getting any signs of caution from corporate america? or is this just about the fed and looking forward? >> well, there are signs of caution. i think in terms of downward guidance that you have of companies that have reported, it's running higher than average. the beat rate is fine. the absolute earnings growth is not that impressive. i think it's okay. earnings growth is good enough, and in fact, coming into this week or coming into today, stocks were trading okay in aggregate off their reports. up less than 1%, but not down, not a sell the news type response so i think that the caution or the reasons for caution lay ahead. it's nauot really what happened versus expectations in the first quarter. it's how much of a squeeze they're going to be on the economy. is the fed looking to really crunch the housing market for example, as those sector stocks would suggest they're afraid of. so i don't know if you could take that much comfort in the fact that earnings fo

johnson & johnson and lockheed martin before the valve. -- before the bell. netflix after the bell. central bankers will be gathering in washington the imf world bank meeting. that wreps up for me on bloomberg markets. coming up on balance of power, leon panetta will be joining david westin on bloomberg television and radio. ♪ >> from the world of politics to the world of business, this is "balance of power" with david westin. david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power." we start in washington, where officials from ukraine are attending the imf world bank meetings asking for more economic support even as president zelenskyy is inviting president biden to visit. we turned to joe mathieu, a host of sound on on bloomberg radio. what is the response to the invitation from president zelenskyy? joe: likely the same we've been getting as we've been asking of president biden might go to ukraine. the answer has been we have no plans to make a trip like that. not saying no, but nothing is in the works. the sec

lockheed martin reporting results. the top u.s. weapons maker reaffirming full year guidance be guidance does not include impact from ukraine. that's a lonely business and higher sales would hinge on how quickly production can ramp. lastly shareholder returns, key for defense investors. completing half of it ts share repurchase plan just in q1 we will have more on the quarter and three defense more broadly amid what's been a fraught geo political landscape given everything playing out in eastern europe later today with jim taiclet. he will join me exclusively on "the exchange. shares of lockheed are down to about half a%. almost 1%. this really kind of tees us up for defense personings in what has been a very strong start to the year for the sector. >> yeah, speaking of earnings and the opposite of a strong start. let's get a check on netflix this morning it's set to report after the bell it's been one of the biggest laggards although turn it around in today's session. talking about it earlier on squawk on the street it's down. we'

you've got blue origin and northrop grumman and then also voyager space and anna rax with lockheed martin. so this is coming. and a i there is more focus amid the war in ukraine and that partnership that, that civil space partnership between the u.s. and russia and what that will mean for the iss in the future as well. >> morgan, thank you. >>> let's get to our etf spotlight. taking a look at the financials spdr etf, faller mog than 3% and xlf, and the big banks are all up higher. jp morgan is the second largest holding there. it has been underperforming the market thus far this year. it is down a little over 16% in 2022 this morning b of a naming jp morgan as a top pick as we head into another earnings season next week saying russia related exposure seems manageable but they did notice a slow down in buybacks but jp morgan never recovered from the last earnings in terms of expense growth which did seem to bothersome investors, let's say. we're back after this. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data

martin plant that manufactures the javelin anti-tank missile we've been sending to ukraine, and to thank the american workers, thank them for producing the weapons that help stopped russian's advance into cities like kyiv. their hard work has played a critical role on putin's strategic failure in ukraine and they should know that we know it. in addition to this supplemental funding i'm also sending to congress a comprehensive package that will enhance our underlying effort to accommodate the russian oligarchs and make sure we take their -- take their ill begotten gains. we will accommodate them. we will seize their yachts and luxury homes and others ill begotten gains of putin's -- yeah. cliptocracy, and these are bad guys. this legislative package is to seize property seized to russia's cliptocracy. it will create new procedures for forfeiture and seizure of these properties and it will ensure that when the oligarch's assets are sold off funds can be used directly to remedy the harm russia caused -- and help build ukraine. additionally, yesterday russia threatened two of our allies with

martin will be at the pentagon today talking about their ability the meet ukraine's long-term weapons needs. this is long-term planning so that gives you a sense of the conversations that are happening behind closed doors. george, listen to this, these numbers are staggering. president biden so far pledging $2.4 billion in security aid to ukraine since he took office, more than $1.7 billion of that since this war began. staggering numbers. >> they certainly are. cecilia vega, thanks very much, michael. >>> we're going to turn now to the threat for severe weather stretching from chicago to new orleans, and overnight, at least eight tornadoes were reported in texas and iowa. let's go to ginger who is tracking it all for us this morning, good morning, ginger. >> good morning to you, michael. you see this one. this is gilmore city, iowa. so just northwest of fort dodge, that tornado racing across the farmland was one of many and the debris flying there from some of the grain bins. there was plenty of damage not just in iowa, folks were injured southwest of temple, texas, where they had da

how about lockheed martin, they reported earlier this morning, down on supply chain issues, the stock is down 1.8%. many youngsters on spring break, but is your child going to need a negative covid test to return. some schools require it. president biden's economic report is an. the word gender appears one hundred 27 times, the word inflation just 87 times. we will take that on for you next. ♪♪ ♪♪ since i left for college, my dad has gotten back into some of his old hobbies. and now he's taking trulicity, and it looks like he's gotten into some new healthier habits, too. what changes are you making for your type 2 diabetes? maybe it's time to try trulicity. it's proven to help lower a1c. it can help you lose up to 10 pounds. and it's only taken once a week, so it can fit into your busy life. trulicity is for type 2 diabetes. it isn't for people with type 1 diabetes. it's not approved for use in children. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call

another member, democrat in the house about $30,000 of lockheed martin stock, 12 days later they announced a $10 billion deal, she sits on the house committee on foreign affairs but republican members doing this too. he sold $250,000 of microsoft stock under two weeks before the billion-dollar deal fell through. he sits on the committee that oversees defense software contracts. these members are profiting off of the inside information. stuart: awfully difficult to tell all members of congress you can't hold stocks or bonds. very difficult to do that. >> the solution is not saying they can't hold stocks but forcing them into a general mutual fund is not individual stocks. stuart: that is different. but great show. thanks for being with us, see you again soon. back to the markets. i see red ink for the dow down 200 points but not much of a loss for the nasdaq, the s&p is down 12. bob dall joins us this morning. why do you think inflation will peak this quarter? >> there are a lot of reasons, we are starting to solve some of our supply shortage problems and some transitory issues, i used the

>> we have seen regulators combine across we had a deal fall apart with lockheed martin. we are cautious. >> okay. sheila, thank you. i appreciate it. good to see you. >> thanks. >>> we have more coming up on "squawk box" this morning. let's tell you right after the break. details on elon musk's offer to buy twitter. funding is, well, secured. sort of. we'll talk financing stay tuned you are watcngsqwkhi "ua." >> announcer: squawk picks sponsored by wisdom tree the modern alpha pioneer ♪ ♪ we all need a rock we can rely on. to be strong. to overcome anything. ♪ ♪ to be... unstoppable. that's why the world's largest companies and over 30 million people rely on prudential's retirement and workplace benefits. who's your rock? my name is ami and when i financed my car with carvana they had questions about my documents. rely obut i was at work.irement and woin a mine.nefits. so carvana worked with my shift manager to get it all worked out. i was over the moon, even though i was underground. we'll drive you happy at carvana. >>> getting details on elon musk's drive to t

lockheed martin settling a strike, a union, a dispute with union workers in texas. ashley? were these guys working on the f-35 jet because that's a big deal. ashley: yes, stuart, you're absolutely right. union members at lockheed's f-35 fighter jet plant in fort worth voted to ratify a new contract that includes wage hikes and improvements to retirement benefits. approximately 5,000 members of the international association of machine and aerospace workers, district 776 voted for the deal. we'll see them receive a 16% effective general wage increase over four years. cost of living adjustments a $ 4,000 per person ratification bonus and maintaining the union 's healthcare plan. not bad. lockheed has said though rising costs to build the f-35s has bogged down contract talks with the pentagon. negotiations over the new labor deal have been going on since february but the new deal takes effect april 25. stu? stuart: thank, ash want to turn back to ukraine and bring in rebecca coffler, a former defense intelligence agency officer. rebecca, it looks to me like it's zelenskyy vs. p

we are also waiting on ibm and netflix and lockheed martin, those will be out later today. the futures are down this morning. take a look at the board there indicating a lower open on wall street by 2 points, dow coming closer to flat line, s&p 500 down by 2 and nasdaq down by 12 points. this could turn within the time that we are here. we will continue to watch it. the ten-yield rumping 2.9. highest since december 14, 2018 after all three major indices finished slightly lower yesterday. take a look. dow down 39, s&p pretty much flat and nasdaq down 18. looking ahead to today's economic data we have housing permits and building starts, those are out at 8:30 a.m. eastern and we are watching oil prices this morning. oil is a little bit lower after opec plus produced 1.45 million barrels a day below the target in march. european markets also down this morning, asian markets were mixed overnight. the hang seng index, the biggest loser there, down over 2%. stay with us, mornings with maria is live right now. it is time for the word on wall street, top investors watching your mon

more major earnings report coming out next week including america, ibm, lockheed martin, tesla and more. markets across the world are largely closed for the good friday holiday after week of losses of the 3 major indices. the nasdaq down 2 and two-thirds percent this week and s&p 500 gave up better than 2% on the week. oil prices this morning trading up about 2%. take a look at the price of crude and brent where brent is at 111.70, up two and two-thirds percent. the price of crude 106.95. markets flat after ecb news after remains negative .5 and ecb will begin to pull in the stimulus. ftse 100 up 35, cac quarante 47 and dax higher by 87 yesterday in asian markets overnight, shanghai closed for holiday after china central bank decides not the lower borrowing costs, as you can see the major indices fractionally moving. mornings with maria is live right now. ♪ ♪ ♪ maria: markets are closed for good friday holiday. markets low yesterday following day of mixed of bank earnings and elon musk offered to take twitter over and take it private. dow industrials down 113 at the close, nasdaq

martin beneficiaries of the current environment. maria: all right jump in. >> i want to talk war on physical front how impacted global food supplies prices there is a war waged on cyberfront right on internet front, your firm offers etf three or four in that space want your advice longer term o how your etf is probably better than hack or cyberin the space. >> -- previously mentioned on maria's show, are gettingy sector natural in terms of environment cybersecurity spending will increase a certainty, there is hackers bad actors working networks, and has shown this vulnerability a clear present danger i think dating myself using that, but all data floating around, we need to put a cyberfortress around it, and we think companiesing studying more by necessity to protect businesses or government mandate our etf he focuses on companies did he arrived on activity of cybersecurity protection of our data. it is a really important area to include in your portfolio done rather well on relative basis. maria: no kidding. i think you are right,

martin which totals more than one and a half times the budget. is it the only agency that has not never passed a budget? >> that is correct. >> and it's actually failed its last four audits and yet we are continue to pile money on top. i would just say that to representative moulton's questions, i would argue that there are more efficient ways to spend the money we have. it doesn't mean that we can't have solid and secure national security if we actually cut out waste, fraud, and abuse and focus on the technologies that are going to provide us with the biggest bang for the buck. and yet it seems that our only strategy on military spending is bigger is better. do you think that bigger is better forever and ever, director young? >> i think a defense budget has to be strategy based. congresswoman, you have been a longtime advocate here on getting rid of waste, fraud, and abuse in the department of defense, that is accurate. we've also heard from the other side of the aisle who believe our number isn't large number. that is why we believe the right t