amy: that is the raytheon ceo. if you can talk about the significance of that comment and also nato expansion once again with finland and sweden now talking about joining, what that means and what weapons manufacturers have to do with nato and the deals that are made , what is required of countries when they join nato? >> the raytheon ceo, that is a stunning statemt. sort of the height of hypocrisy to say their role is to defend democracy. if arms sales are defending democracy, u.s. arms should stop supplying uae, saudi arabia, nigeria, ept, firearms to the philippines. all of these countries that are major human rights abuses using u.s. weapons to either suppress their own citizens or reckless devastating wars like yemen, if that is what the industry is about, they should refrain from themselves. but it has nothing to do with defending democracy. everything to do with patting their bottom line. as for nato extension, nato is a go of 2% of gdp spent on the militaries. about a third of nato countries -- germany is g

everyone has ukraine but, look -- raytheon, you need titanium titanium is sourced in russia. on the overall analysis, almost like a great theory. some of these ceos are really doing a remarkable job at a bad time >> even better in china. i saw that -- >> you've got service revenue whether it be more raytheon or otis and you see the price market cuts. demand was waning. i spend a lot of time with mark. this kind of things bothers me it's so lacking in rigor if you're doug from toll brothers, you're going to home depot and lowe's in order to get dishwashers and he's selling europe which he might get 5 billion. it's a very small company. he's got a 4% yield and this is a company where mark has put on the radar screen -- >> didn't they lower guidance? >> that's nonsense that's the kind of nonsense -- some computer generated that who doesn't know how to read second grade in second grade, i was tracked in the dumb class. >> going with inflation like everybody else here's what he told jim last night. >> covid-induced inflation, we had a pretty good sense and we dealt with it very we

so headline, raytheon has blame the rush to arm ukraine for the depletion. i suppose the washington would argue when a conflict begins, it has to be in a rush. there's no other way. oh yes, this is. listen, these, these boys are belling up to the bar asking for, you know, run up their taps, they get free rains. united states congress is poised to what i saw to up the defense budget to 800000000000. not more. so these companies are not hurting at all. this is that, you know, they love this trying to think because it gives them a rationale to justify expenditures on weapons systems. that candidly, why spend a dime on stayers when we were, when i was being stingers in 1986 was not the central intelligence agency. we were dealing with it in terms of arming the router. enough can stand to shoot down the soviet helicopters. it was effective back in the 1980s, but it had a still have limited effect. we're now in 2020 to this business technology. it's. it's 41 years old. i don't care how much they've updated the foundation of it is it's a 41 year old weapon. so that

s. defense contractor raytheon. however, the conflict has been good news for raytheon, according to the company's recent report. it clocked up sales of almost $16000000000.00 in the 1st quarter of this year. that's up 3 percent over last year . and this financial boost comes courtesy of stinger missiles, being one of the major weapons delivered to ukraine, as well as javelin anti tank missiles, since russia's military operation began. 1400 anti aircraft systems have been sent to key forces with some officials, estimating washington has given away nearly a quarter of its stocks to curb the shortage. the u. s. defense department is seeking more military equipment to be distributed by other organizations. the department is asking for air defense, anti tank and other systems from across the military industry, and is exploring ways to ramp up the production. former c i a analyst, larry johnson says defense contractors seize on conflicts to drastically push up spending on arms. united states congress is poised, plus they

those wars were very profitable for the people you named for lockheed raytheon knows will come in and the others are. they have anything to learn. i'm afraid that right now, there's 2 major purposes that will keep the war that can keep the war and ukraine going. as long as the war in afghanistan, not in the way that is being waged now. but by a kind of guerrilla, we're that we're supporting that we support, as we did against the soviets in afghanistan for 10 years. and the f ukrainian people would be ground to bits in the course of that as the afghans were. and yet it's very comfortable for people who are supplying those weapons and keep going. there is one other major motives that effects these things in particular in europe . and that is that r u. s. role in europe who are not after all, a european nation. and we have no particular role in the european union, but in nato that's in the mafia, says cosa nostra our thing. we control nato pretty much, and nato gives us an excuse and a reason to sell enormous amounts of arms to now to the formerly warsaw pact, nations which had only 2nd

and of climate turn movement toward you mentioned northrop grumman, r raytheon, they recently hit their 5 year highs. so as we talk about war, we also have several who benefits from war. can you help me unpack that a little bit? who's really benefited? is the old earth, latin silken coolly bono, who benefits for the british? it had to deal or even had lost the war. to some extent, j. p. morgan would have gone bankrupt and wilson and u. e. eyes keeping it a truly genocidal war. going on her enormous massacre, and i think with very little benefit except to the arms. when your pictures, people ask, why don't we learn from our failures in vietnam and afghanistan and elsewhere? when, as long as the war in afghanistan, not in the way that is being waged now, but by a kind of gorilla, we're that we're supporting that we support as we did yet. it's very comfortable for people who are supplying those weapons and keep going. there is one other major motives that are fix these things in particular in europe, and that is r u. s. role in europe, who are not after all, a european nation, and we have

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

. >> watch lmt and raytheon today. not only has putin declared peace talks are essentially dead today the foreign ministry said u.s. assets that are transporting military equipment down seen as legitimate targets. now why jim, the pentagon hoisting eight manufacturers to talk about where our capacity is if the war goes on for years in terms of supplying weapons. >> if that's the case i don't want to be too mercurial raytheon is very inexpensive >> boeing is up almost 3%, by the way. david is going to start on me why i didn't sell the boeing he's going to start on me. i'm not going to let it happen [ laughter ] >> hey i'm your biggest supporter. >> oh. thank you. >> every so often i'm not. >> you're my number one fan? >> yeah. i just think that raytheon is doing very well. and we still haven't seen the weapon -- the laser weapon that shoots down planes. >> yeah. really for laser weapon? >> i know. i know you're not kidding. it's not austinpowers. >> she's been a perennial candidate. >> yeah. she's a nationalist that is

>> raytheon washington, d.c. spending more money on defense raytheon's will benefit. >> josh brown? >> could not agree with michael farr more. my pick today is lockheed. pay close attention to stocks that are within 3% of all-time highs. there is meaning there. >> did you finish that rubik's cube, by the way >> no. >> playing with it the whole show. i'm wondering if you actually finished it. >> no. not for me. >> i guess not. >> i can't. >> pete najarian what do you say? >> mel, first of all, great job today. see you at 5:00. will be great. kinross gold love it. september 6th calls i bought as well. >> do not miss "fast money" tonight at 5:00. mean time, stay tuned. "the exchange" begins right now. >> thank you very much, melissa. hi, everybody. welcome to "the exchange." i'm kelly evans and here's what's ahead markets feeling nervous as the fed get more aggressive tightening vix up, transports down. markets continue sell-off broadly and a wrinkle investors have to digest here to talk more about that, our guest. and mortgage rates hitting all things housing, even lows. down more tha

defense spending is going up around the world and the demand for raytheon's products in that regard, they really produce what the world wants right now. the other half of the story is aerospace which is picking up as the global economy recovers from the pandemic there's two reasons to own the stock. >> j&j hitting new all-time highs. a mixed quarter. i thought what was interesting was the commentary about the expectations for the covid vaccine. it met internal expectations but there was a disconnect from what was street was expecting. >> it was a little confusing think the bigger story is pharma continues to hum along excovid it came in at about 9.3% growth. also the device business, the reopen play. and that actually saw very nice growth and acceleration to 8.5%. they're going to combine these two businesses and spin off the consumer business. to the extent med tech is doing well and has momentum, i like that for the valuation >> let's get to the final trades here jason? >> i like pnc. this is my fairs regional in the space. i think the acquisition will continue to be good for the b

and that i also reportedly have ties to raytheon, which is one of the largest defense contractors here in the u. s. and yet with all of this, talk about the need for the u. s. decide more weapons ukraine. it never is mentioned that this trend of supplying weapons do a country only leaves you instability and chaos which then creates more refugees. and the trillion government minister has arrived on the solomon islands for talks, amid concerns encumbered over a proposed security deal between the country and china. the ministers are ready urge the islands pm, not to sign the deal, alleging beijing's presence cut to stabilize, which we have asked solomon islands respectfully, to consider not signing the agreement and to consult the pacific family in the spirit of regional openness and transparency. consistent with our region security frameworks, the solomon islands initiated a security deal with china 2 weeks ago that could allow chinese navy ships and defense forces to be based in the side pacific territory. the move is designed to offer protection for chinese infrastructure investment in

and that also reportedly has ties to raytheon, which is one of the largest defense contractors here in the u. s. and yet with all of this, talk about the need for the u. s. decide more weapons ukraine. it never is mentioned that this trend of supplying weapons do a country. it only leaves you instability and chaos which then creates more refugees. this is the u. s. policy always to make great promises and come to nothing when it comes to the people themselves. so with millions of refugees, once again, us policy is to give assistance to almost none of them. and to instead impose on the surrounding countries an enormous dislocation. at this point, the biden administration has managed to process, they managed a process in march 12 ukrainians who had refugee status. and by the way, this happens all the time. look at the hundreds of thousands who were promised refugee from afghanistan, not much different in iraq and syria, in libya, for all of the countries where the u. s. has instigated wars kept them running for years and created an enormous dislocation of peoples who really are forced to

the ceo of raytheon has been open about what a massive profit this is turning out to be for as shareholders. are you seeing a policy driven not by us national interests, but by the special interests of the military industrial complex and the special interests of people like victoria newland. let's not forget is ukrainian and she's got a beef what the country are for origin and she's fighting it out on the world battlefield and the rest of us are having to pay the price for it. yeah, and john, i don't see how the ukrainians benefit from all of them, but i suppose i'm being too picky. go ahead, john. yeah, i mean, at this point, ukraine is just the protector of the united states of the nato empire. and it's just a tool to strike at russia and i agree with when daniel said, but i would like to add, let's not forget the ideological component here. moscow, russia, as a country that openly says it protects traditional values, is the arch enemy of the global as liberal order. so there is a very important component here. they want to destroy a lot of room, and they would like to destroy russia. so

and that i also reportedly has ties to raytheon, which is one of the largest defense contractors here in the u. s. and yet with all of this, talk about the need for the u. s. decide more weapons ukraine. it never is mentioned that this trend of supplying weapons do a country only leads to instability and chaos, which then creates more refugees. this is u. s. policy always to make great promises and come to nothing when it comes to the people themselves. so with millions of refugees, once again, us policy is to give assistance to almost none of them and is calling on his supporters to take to the streets throughout the country and a bid to force fresh elections. oh, my fellow brave pakistanis. we don't accept the shameless government, i assure you, until this government announces new elections. we will stay on the streets and continue protesting. you have a big responsibility and you don't bow down to any one. you don't bow down to superpower. whether i am elected in government or in opposition, i will not allow my nation to participate in other countries was well, that address we just

and at no point was it mentioned that i also reportedly has ties to raytheon, which is one of the largest defense contractors here in the u. s. and yet with all of this, talk about the need for the us to send more weapons to ukraine. it never is mentioned that this trend of supplying weapons to a country only leads to instability and chaos, which then creates more refugees taken us through that story from washington d. c. r t corresponding rachel blevins. ah, russia and india have reiterated their strong co operation and partnership of the country celebrate 75 years of diplomatic relations. this wednesday. the anniversary though comes against the backdrop of increasing pressure from washington. which once india to join us led sanctions against moscow, new delhi has so far maintained neutral stamps on the conflict. then you, following a somewhat earlier this week, washington is top diplomat cold on india to cancel its imports of russian weapons on fossil fuels shoring maritime security. we continue to urge all countries to avoid major new transactions for russian weapon systems, particular

and once that war ends on a sales call the head of i can't remember if it was raytheon or lockheed, but like on on a sales call a couple months ago, uh was was saying that you know, well the end of this occupation in afghanistan is going to be a real he doesn't say occupation the end of the war in afghanistan is going to be a you know, a real negative in our revenue column, but we're looking with interest at these growing uh tensions in eastern europe and the taiwan straits. those are new sales opportunities for us. he this honest sales call, right? um, and so, you know people are making money in lots of different ways, but then there are other people who within even within the american system are at cross purposes with this have competing investments that the that these wars and occupations are are bad for our publicity for etc so you know again, it's it's never it's never as simple story. um, but is but but you know sure. thank you for the question because it that is you know. it is you know is no accident that the that the way that butler ends up, you know. you know revising his self

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

>> 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

. >> raytheon technologies >> joe >> cnx resources >> steve >> staying in cash >> i'll see you in "overtime". "the exchange" is now. >>> thank you, scott hi, everybody. i'm kelly evans. yields keep spiking globally it continues to be a head wind for the nasdaq since last monday the nasdaq is down 1,000 points. about 7% but is recession talk premature in our guest says even the downturn in frns transports isn't as bad as you think. the musk now won't take a seat on the board what's his next move does this pave the way for him to buy mor

comes today is pentagon officials are going to be meeting with the heads of major contractors like raytheon and lockheed 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 providi

. >> reporter: javelins are made in part by raytheon, whose ceo said they expect to benefit for the need to replenish u.s. stocks. >> we don't apologize for making these weapons. the fact is, they are incredibly effective in deterring and dealing with the effect that the ukrainians are seeing today. eventually we will have to replenish it and see a business over the next few years. >> reporter: araytheon and seve other companies met with the pentagon about not just supplying ukraine, but replenishing u.s. and allied inventories. >> i'm not going to deny that these kinds of conflicts can help certain conflicts. it's the reality of the situation. but we should be glad to the help we want to help ukraine, that we have the base to produce this stuff with such high quality. >> reporter: the biden administration alone has contributed almost $3.5 billion of military aid to ukraine, in the two months of russia's war. compared to the pentagon's 2023 requested budget for weapons, that's just 1.2%. critics say the pentagon and contractors could use the ukraine conflict to justify bigger bumdgets an

i could see the same with 3m raytheon could have joined them in the dumpster if they weren't a key arms supplier. yes, the bear case is pappable the fed needs to shock the system with a triple rate hike knowing it won't cause mass unemployment there are too many job openings as it is what it would do is help bring down some of these material costs there are teetering and need to be pushed over the edge. they can be pushed over the edge i think it's bet r fter for the to get it over quickly if they hit the brakes in the economy, we'll need less stuff and lead many of the bottlenecks i keep hearing about on every call i'm on. how about russia every time we think putin might be willing to ease up, they talk about using nuclear weapons. it's dr. strange farcical. a week ago, sergei loy lavrov, knowing the russian army was in retreat, assured us nukes were off the table. thank heavens. today with the russian army about to advance in eastern ukraine, nukes are apparently back on the table from this man to scare us away from sending ukraine much needed tanks. i'm glad our leaders are calling t

raytheon adding more than 20%. lockheed reported an earnings beat but revenue miss today. shares initially popped. trying to hold onto gains. joining us is the chairman and ceo of lockheed martin with morgan >> jim, welcome to "the exchange." thanks for being with us today >> sure. good afternoon >> it was a mixed quarter. supply chain challenges have been in focus now for a number of quarters. and not just at lockheed martin but across the industry in general. is it safe to say given the fact that you're maintaining a full-year guidance that the worst is now over? >> yes that's right so we had a solid start to the first quarter of 2022 financially. we actually had margins higher than expected and cash flow higher than expected revenue's a little light because of the covid impacts that you referred to there. and what really is going on both in our supplier's factories and in our own is starting with the suppliers, you know, they get cases either on or off the job and have to quarantine people from that plant or office or that engineering facility. work doesn't get done. co

. >> raytheon technologies >> joe >> cnx resources >> steve >> staying in cash >> i'll see you in "overtime". "the exchange" is now. >>> thank you, scott hi, everybody. i'm kelly evans. yields keep spiking globally it continues to be a head wind for the nasdaq since last monday the nasdaq is down 1,000 points. about 7% but is recession talk premature in our guest says even the downturn in frns transports isn't as bad as you think. the musk now won't take a seat on the board what's his next move does this pave the way for him to buy more of the company shares and behave more like an activist investor? >>> as china's covid lockdown strikes more of the manufacturing base, are u.s. companies on the look to move their operations apple is growing operations in india. biden is meeting with the prime minister right now we'll have more on the fallout with china ahead >>> first, let's get a quick check on the markets dow is down 230 points that makes irt the outperformer. that tells you what kind of session we're having the s&p down more than 1%. the nasdaq down 1.5% a 7% correction. commodity comple

ceos of companies like raytheon and lockheed martin salivating, tensions great for business. listen to earnings calls, alex. getting excited how much money their companies would make. a real problem. we want to support ukraine. a right to defend itself against an illegal invasion. therefore white house and defense department talking with companies. shouldn't allow lobbyists to cynically use the ukraine war as a way to keep bumping up the pennell budget that keeps going up and up and up sadly. >> to your point, what happens with stock increases for defense companying specifically looking at lockheed martin. at the top there. 31% increase. is there a way to support ukraine's struggle without supporting the arms industry? >> i think, yes and no. in the short term, no. in the long term, yes. because we already spend so much money on defense. seems to be this idea people saying, well, now we see the russian invasion of ukraine need to step up defense efforts. reminded back in a cold war. already spend so much. too much money, on defense. spend almost $800 billion a year. we spend

bush and professor at harvard university and on the board of raytheon technologies. the times just reporting that europe is reconsidering a draft on russian oil imports. it's not as important as natural gas. they've long resisted a ban on russian oil because of the cost to germany sgh crease energy prices. you have a french election pending. what are the ramifications and how long could this take? >> great to be with you. this is a very significant step forward. it would have been unthinkable just a couple of months ago that europe would have decided to ban the importation of russian oil. but i think it's just become increasingly unsustainable, just morally tenuous that europeans and others, who buy russian oil, would be providing huge revenues to russia at the same time that they're opposing the war in ukraine and supporting ukrainians. since the war started, europe has already sent almost $40 billion to russia for the sale of its oil and gas and other energy. so, this would be very significant in terms of cutting off the some of the revenues and the real question,

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

families hold stocks chief justice roberts is invested in sirius xm and thermo fisher justice breyer in raytheon justice alito has holdings in everything from boeing to j&j to pnc bank these are just the ones we know about because they have had to recuse themselves from cases involving those companies. >> there are many more steps that congress needs to engage in in order to ensure that the most powerful, least accountable branch is held to a higher ethical standard this bill is a first step but there are many steps in order to get there and to restore the public's faith and the integrity of the judiciary. >> reporter: i reached out to the supreme court about this bill but did not get a response. shep, some lawmakers want even tougher rules that would ban federal judges from trading stocks altogether, especially if congress has to quit as well >> ylan, thanks. >>> the u.s. marine trevor reed is back home now reunited with his family in texas after the prisoner swap between the u.s. and russia this is video of him arriving at the airport in san antonio trevor reed's family says he's battling a my