35 Burst results for "Raytheon"
"raytheon" Discussed on WTOP
"Learn how Raytheon safeguards our nation from cyber threats at rtx com slash cyber ciao i'm john andre nozada the music director of the national symphony orchestra we are creating something very special at our next concert and i'd love for you to experience it when power corrupts poetry cleanses for art is a form of truth october twenty six and twenty eight the immortal words of president john f kennedy filled the kennedy center concert hall when the nso performs jfk the last speech narrated live by beloved emmy and tony winning actress militia rishad and featuring soprano katharina burton adult his hailstorms bold new work combines the timeless poetry of robert frost with iconic quotes from kennedy's speech made in the last days of his presidency outstanding conductor kevin john edusay leads the program which also features music by duke ellington and john madams be there for the dc premiere of jfk the last speech with felicia rishad a symphonic celebration of an enduring american legacy tickets at national symphony dot org a trip to the world series is on the line tonight game seven in philadelphia and the n -b -a season is about to tip off sports is coming in i feel bad for the johnson kids next door their parents just use their phone for home internet so when everyone's online it could be mad slow tom can barely play a full round of horse horse commander 3 luckily
A highlight from Gary Wang and the Alameda Grift History
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Tuesday, October 10th, and today we are getting into Gary Wang's testimony at the SPF trial. It was not a pretty sight at the end of last week for Sam. And so, we will be discussing all of that. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on The Breakdown Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. All right, guys, before we get into the Gary testimony, I want to address what is obviously the biggest event of the last few days and how I'm thinking about covering it on the show. I saw a tweet this morning from Mr. Family Office and it said this, I was on an early morning portfolio review call with an investment bank today. I'm always struck by how cold and clinical these guys can be in the face of world events, quote, the events in the Middle East, unquote, and then straight into portfolio implications, the macroeconomic impact, scenario planning to protect and grow capital, nothing on the human costs, the tragedy, the injustice. I'm not saying they should be commenting on the human toll. They're doing their job and doing it well, but it still feels cold how quickly bankers shift to the financial ramifications of tragic events. So obviously the biggest event of the last few days is Hamas's attack on Israeli civilian and military targets and the subsequent declaration of war. Now, The Breakdown is, of course, a show about big picture power shifts and war tends to create exactly those types of shifts. However, at the same time, this is not primarily a show about geopolitics and conflict, but about economics with a special focus on crypto and Bitcoin. So when it comes to what we'll be covering with this war, I'm going to keep it as strictly as possible to those economic considerations and aspects. That's not because I don't have strong feelings about it. I think I might be the only crypto or economics podcaster to have stayed both with Israeli youth organizations in Jerusalem, as well as Palestinian social organizations in the West Bank, and maybe at some point I'll decide it's worth sharing my perspective. However, at the moment, the conversation is so intense that I don't really think I have all that much of value to add. That is, of course, outside of trying to, as dispassionately as possible, keep an eye on the economic dimensions of it, so that's where we'll stay for now. If you have other thoughts on how I should be covering this, feel free to share them in the Discord, but that will be the working plan for the moment. Now, given all that, the most obvious and immediate ramification in terms of global economics is in the oil markets. Oil is up as much as 5 % since the attacks. Now, neither Gaza nor Israel have significant oil production, but geopolitical instability in the region could, of course, have wide -ranging effects. The 1973 Yom Kippur War saw Saudi Arabia put in place oil embargoes on Israel and its allies, which caused a massive oil shock. And while there are no signs so far that Saudi Arabia is looking to repeat that history, further constriction of Iranian oil supply could have a similar effect. Iran is still one of the largest oil producers in the Middle East despite Western sanctions. What's more, Iranian oil experts are rumored to unofficially reach beyond the Arab world in circumvention of sanctions, with Western officials largely turning a blind eye to this practice. For many reasons, one of the big questions is what Iran's role in these attacks was, and it's not unreasonable to expect that one of the possible outcomes of this is even tighter sanctions. Now, when it comes to other markets, as always, the stock market provides a grim reminder of who benefits from a world at war. All major U .S. stock indices were down on Monday, while the iShares U .S. Aerospace and Defense ETF surged more than 4%. That increase was led by a 9 % rise for Lockheed Martin, an 11 % boost to Northrop Grumman, and a 5 % bump for Raytheon. Lockheed Martin's increase was its largest on a non -earnings day since March of 2020, even slightly larger than its increase following the Ukraine invasion. In addition to those broad signals, individual investors are also certainly paying attention. Bloomberg ran a headline this morning billionaire investor Paul Tudor Jones calls geopolitics quote, most threatening he's seen. Now it's clear to Jones that the main question is this Iran question and what the implications are for a further cascade, but whatever the case, he's predicting a recession in the world's weakest fiscal position since World War II. Now if you're in the Bitcoin Twitter space, you probably saw that he also said that he liked Bitcoin and gold right now because those two investments typically perform well during a recession, but that's obviously sort of a secondary story to this analysis. Now lastly, while the crypto implications are a distant tertiary consideration here, for the sake of completeness, there are some elements worth revisiting. In March, the CFTC lawsuit against Binance alleged that executives were made aware that the exchange had been used for transactions related to Hamas in February 2019. Then compliance chief Samuel Lim had noted that terrorist groups usually send quote small sums, as quote large sums constitute money laundering. Lim's colleague allegedly responded that you can quote barely buy an AK -47 with 600 bucks. Now given that Hamas is formally recognized as a terrorist organization and is heavily sanctioned, their attack on Israel will likely see a renewed focus on the financing of terrorist groups via crypto transactions and put Binance even more squarely in the sights of policymakers looking to crack down. There has already been a groundswell of senators looking to put even tougher anti -money laundering provisions for the crypto industry and these attacks could provide justification to get that legislation across the line. Now obviously these very short -term immediate response type of things are much less significant than the implications of what a broader conflict might look like. And so like I said, I will keep an eye on that dimension of the story and bring you what I think is most important to share.
A highlight from Congress Defending Crypto! (Gary Gensler's Pawns Exposed)
"It was a rush job to replace Sam Bankman -Fried and FTX because they lost them. So I think that's the best take. Yeah. It was a rush job. They had a hold. Meanwhile, they're like all these moving parts and like, guys, we got to do it. We find somebody. And then Promethean was like, hey, I'll do it. So they just created this entity. Promethean. Looks like we have a little press release here. Republicans, press regulators regarding Promethean's special purpose broker dealer approval. Pat McHenry from North Carolina led the committee here in sending letters to FINRA president Robert Cook and SEC chair Gary Gensler regarding Promethean's approval as the first and only special purpose broker dealer for digital assets. Kind of, they came out of nowhere, got all these approvals and no one ever heard of them before, you know, we covered it months ago. What the heck is Promethean? Where's Promethean coming from? We discovered a lot of insiders. Well, you know, some Republican senators looks like they had some issues with it. Here we have a quote. I think this is McHenry here. The timing and circumstances surrounding the approval of Promethean as the first special purpose broker dealer here raises serious questions. The approval comes as the committee is considering addressing gaps in the regulation of digital assets. We held a joint hearing just seven days ago prior to the approval of this asset or SBBD. In that hearing, members discussed their plan to propose legislation on digital asset market structure. While Promethean claims it is a silver bullet for digital asset offerings, it has not yet served a single customer. There's also refused to make public the digital asset securities that they would support on his platform. And since they're limited to digital asset securities, the SEC has refused to provide any biting guidance on what digital assets are securities. It is unclear what assets would even be eligible here. I want to show this story as well. They respond. All right, so we got to respond. So we got the Republicans. They're like, hey, this is fishy stinks. You know, they're ripping the mask off like it's Scooby Doo. Something's not right here. What are your thoughts on the approval? Do you think there's any chance that there's no insiders? No, there's absolutely insiders. And the fact that Congress is noticing is actually a breath of fresh air. But there's clearly fishiness. Ben made a video. We posted it, what, two weeks ago, three weeks ago, maybe at this point, just on the sketchiness of this entire story. It's the coincidence is just go too far to not have some weight to them. All right. We have Asmyr. F this ATL traffic. Hey, ATL in the house. Boomer Sooner. Do this move. That's what I know. Actually, do that. Or you do the, uh, the wafting, uh, move to it's like a drowning man. All right. Uh, Promethean responds to Republican concerns on the FINRA and the SEC approval. So Promethean, they got a little response here. There's a Pacma Henry. He's the one, you know, raising the questions. So the, the LLC, the response takes the spotlight amid growing concerns raised by members of the house financial services committee. Uh, here we have a friend of the channel, Eleanor Terrett, uh, tweeting about it as well. And reactions, uh, Promethean issued a statement. The purpose built its technology with the goal to develop a market infrastructure for digital asset securities that is compliant with federal securities laws. So they basically said nothing while saying a whole lot of something there, uh, in separate letters from house committee, Pat McHenry and 22 other members that they directed it to the CEO of FINRA and Gensler. And then, you know, we kind of covered this, uh, just kind of covering their concerns regarding the timing of the approval. One of the authors of the letters voices reservations and called for transparency regarding the approval of a company with strong ties to the CCP. Meanwhile, Coinbase, uh, CEO praise the letters and shared his concerns. Remarking blatantly political behavior from a regulator undermines trust in our institutions further emphasize the importance of equal treatment for all under all individuals under the law. Uh, Hey, what do we have here? Adding to the conversation crypto influencer BitBoy crypto echoed similar concerns regarding the links to the sec, suggesting a potential undisclosed crypto takeover plan involving the crypto startup and the sec chair. Uh, I will say this it's going to be interesting. So defense industry. All right. So every time you see a general talking about, you know, Hey, we got to do this. And you know, they're on these committees and joint national, where do they end up? They end up at like Raytheon. They end up at a Lockheed Martin, you know, they, they end up in these other companies. We're going to follow Gary Gensler. And do you think Gary Gensler, you know, I think going to have too much of a spotlight on it. He's not going to be able to take that Promethean advisor. I don't, I think we're, he's going to have too much of a spotlight to do those hundred and $50 ,000 speaking zoom call. Um, but it's too much. It was a rush job to replace Sam Bankman freed and FTX because they lost them. So I think that's the best take. Yeah. It's it was a rush job. They, they had a whole meanwhile, they're like all these moving parts and like, guys, we gotta, we gotta do it. We find somebody and then a Promethean was like, Hey, I'll do it. So they just created this entity, uh, controlling humans. Isn't it as easy as it used to be Mark, the shark. That's what he says. Yeah. Dang that pesky internet and, uh, you know, people, you know, sharing ideas and, you know, uh, objectives. Yeah, that's true. Although we do have big tech censorship. Drew, what are your thoughts on big tech censorship? Is it overblown understated? Understated. I would say so. And I it's, it's got amazing capabilities. You can speak in metaphors about specific information that's public domain, and you can be kind to the community and the algorithmic robots will still find you. So it's got very powerful potentials that I've experienced personally.
Who Will They Silence Next?
"They're not interested in convincing you or having dialog with you. They must have a culture of censorship. It's now been two days since the bombshell news. Tucker Carlson was abruptly fired by Fox News, but apparently reporting is showing that he's still under contract, they might lock him up for the next couple of years. It's very complicated and more news will come out. It seems as if there's an editorial shift occurring at Fox. This is not about personality disputes or lawsuits. You lose Bond Geno, you lose Tucker. Is there an editorial change happening? Do they want to become RNC TV? That is a serious question. But let's take a step back and start to identify the actors, the organizations that are now celebrating the departure of Tucker Carlson. And we predicted this on Monday. We said the great cheerleaders for neoliberalism are going to be enthusiastically happy. In fact, we said on Monday that they were popping champagne at the war machine, Raytheon, Department of Defense, they will be thrilled that Tucker Carlson is no longer on television. People are saying that it was over maybe January 6th, possibly or the dominion lawsuit possibly, but it seems as if this is actually more ideologically driven than any of these other issues. Tucker Carlson was doing big ratings. Tucker Carlson was driving people to the network. You have to wonder that this became awfully personal for those in charge that they didn't see the world the way Tucker Carlson saw the world. As we said on Monday and it's worthy of repeating a Tucker Carlson was by far the most effective critic of neoliberalism on television in the last 50 years. I mean, TV didn't exist before that.
China reveals new details of Raytheon, Lockheed sanctions
"China's revealed new details of sanctions its previously announced against two U.S. weapons manufacturers, including a ban on Chinese companies doing business with them. China imposed trade and investment sanctions in February on Lockheed Martin and Raytheon Technologies corporations Raytheon missiles and defense, for supplying weapons that Taiwan, the self governed island claimed by China. China's ministry of commerce says in a statement the sanctions include a ban on exports and imports by the two companies from and to China, it says to prevent Chinese products from being used in their military business. It's not clear what immediate impact the penalties might have, but the restrictions on imports and exports could hurt the two companies. I'm Charles De Ledesma
"raytheon" Discussed on Bloomberg Radio New York
"Victory over COVID citing declining death toll, U.S. president Joe Biden seeking to cool off tensions with China saying he intends to talk with China's president Xi Jinping. He says, latest three balloon shot down appears civilian. Now China has announced trade and investment sanctions on Lockheed Martin and Raytheon for selling weapons to Taiwan. So a different issue but all mixed together were joined by Bloomberg aerospace reporter Julie Johnson Julie thanks so much for taking time. This has a very strange dynamic. Please take us through it. This is meant to look like an escalation, but at least in a Raytheon's case, it really doesn't mean a whole lot or does it. Well, you know, it is very curious as you were just saying, so for the companies, in terms of business impact, it's minimal to note to zilch. It's not like Raytheon and Lockheed are selling weapons to China. And what's very curious, but this does ratchet up U.S. China tensions for sure. And with the case of Raytheon, what's really interesting is that they targeted Raytheon's missiles and defense unit. But carved out the commercial side of the business, which is a key supplier to China's airlines and China's own plane maker comac of things like jet engines and navigation equipment and landing gear. So they've sanctioned correct. If I'm understanding crowd, they've sanctioned what they don't use or don't buy and left the others without sanctions, correct? Yes, that's exactly right. That's exactly right. But it does add to the sort of fevered environment that we find ourselves in right now. Yeah, because I guess if you just look at it on paper, the fines look pretty draconian. Yeah, they sure do. They sure do, I think it also is it's a not so subtle reminder that there could be financial consequences. For a very large U.S. manufacturer down the line. And the Chinese are sort of masters at hinting at further pain that could be to come. And could this possibly be that it's aimed basically for China's domestic consumption as well? Well, that's exactly it. I mean, they are badly trying to recover from COVID. COVID, which is wiped out, travel and their airline industry. And so they're trying to bring planes back into the skies. And restricting these U.S. made parts from their own airlines would definitely hurt wind up hurting their own economy. So Lockheed in the United States is a quick to point out that it works very closely with the U.S. on international sales, so, you know, it works on strategy from the U.S. side as well. Yes, exactly right. And people also need to remember that any foreign sales by U.S. defense companies need State Department approval. They're not freelancing when it comes to China. It's all very, very strange. We live in very odd times. Well, yes, we too. And the sales of those, the commerce and the transportation and airlines building is important to Lockheed and to Raytheon as well. So I mean, you know, that plays into the equation too, doesn't it? It does. So Lockheed is pretty much a pure defense play. So I guess I could see. Why China's, well, I don't know. I mean, I really don't know why any of this is going on. But the stories are a little bit different for those two companies. Yeah, and just so we have less than 30 seconds, but now this mixed with the balloon and you've touched on this alluded to it because this is Taiwan is a separate issue, but it complicates things even further. Yes, it sure does. It sure does. Washington acted first by blacklisting 6 Chinese companies that were linked to the balloon. So this is they've responded. In kind, it appears. All right. All right, Julie, hey, thank you so much for your time. Great information. Julie Johnson Bloomberg aerospace reporter in San Francisco
"raytheon" Discussed on Bloomberg Radio New York
"Much overdue fix on manufacturing. So it's great to have you back Brooke. You've been offered a while. You have added something to your resume, mother. I have. The biggest distinction. Congratulations. That's great. But it was a great occasion for you to come back and say, okay, what did I miss in industrials? So what did you miss? You know, in some ways I missed a lot in other ways. I didn't miss very much at all. I think it's really interesting when you sort of have the ability to take a step back. To look at while there was a lot of news over the days over the past couple of months, not much has changed in terms of the actual debate around the industrial sector. People were very worried about a recession. We didn't have one while you were gone. We did not have one. Well, in some areas we did and things like power tools and pool equipment, but across the broader industrial economy we didn't, but people were starting to worry that the supply chain concerns that dominated the pandemic were fading that we might see a real demand slowdown. That has a materialized yet, at least not in a significant dramatic fashion. We're starting to see signs of pressure on order rates that you're just not seeing order growth, really, and that's partly because customers are companies were sitting on such significant backlogs as well. I was going to ask that to what extent has the supply chain thing sort of gotten corrected, but they have such a backlog of orders that they're going to take a while to move through that. It does seem like the supply chain situation has really worked itself out for a lot of these companies. You're not hearing about sort of the random incidents of parts availability that really disrupted these companies in 2021, shipping costs, of course, have come down significantly. They're still pressured on certain things, like semiconductors, for certain products that need a lot of semiconductors. But generally speaking, companies are saying they're seeing a huge improvement. And what that means is that they're able to start shipping orders to customers, and that also customers are getting back to their more normal buying habits. You had people ordering things way in advance or way more than they would typically do in a normal period to try to get ahead of some of these supply chain impacts. That's all normalizing, which is factoring into the growth rates, but like you said, these companies have massive backlogs that they're working through. And of course, people can always change their minds. You can always cancel orders, but as of yet, we're not really seeing that yet for these industrial companies. And take all that and put it together. What does it mean for the confidence of the CEO and the CFO about long range investment? What about capital investment? Are they that optimistic? They are. I mean, you know, certainly there's been no shortage of commentary on the risk of recession from both industrial companies and others in the economy. But I like to always say that the best way to track real CEO sentiment is how they spend their money. Their company's money. And in the industrial sector, they are planning to ramp up capital spending in most cases, companies like caterpillar, UPS, are spending more. Partly because if nothing else is supply chain issues showed us the risk of under investing and not being prepared for some of these changes that are happening in certain sectors of the economy. But those plans tend to get cut in periods of distress and we're not really seeing that yet. Well, I don't know if you've taken a look at this, but I spent you have because you always look at everything. It uses of cash. It's really a terribly important thing in corporations. One of the things I always look at is are they buying back their own stock or are they investing in the business? Because if they're buying back their own stock, they're deciding that that's better than what they could do in expanding their business. Are they doing both? Do you have a sense for overall industrials what people are doing? I mean, I think it's hard to come up with a generalization. I need certain companies are buying back a fair amount of stock Raytheon comes to mind, for example, but you are seeing a lot of capital investment. And you know, there's been talk for a while now, could this be a more capital intensive recovery, that even if you start to see a little bit of a slowdown, it wouldn't be material enough to throw these CEOs off track as far as longer term goals. I think, you know, we clearly have a shortage of housing. We have a shortage of investments and energy needed to sustain future global growth. The only way you fix those issues is by spending. And there's also more idiosyncratic issues around the supply chain, around labor, some CEOs are looking to get ahead of future worker shortages by investing in robots. If your supply chain was particularly stressed recently, you might be thinking about putting factories closer to home. These are initiatives that are important for the future health of these companies. And I think CEOs are thinking for the longer term, at least as of now when it comes to their capital spend. One of the things you address in your column here is Boeing. And we remember all those visuals of all the 7 47 37 maxes lined up because they couldn't deliver them, particularly in China. Where does that stand? There are still a lot of 7 37 maxes in Boeing parking lots, and that's partly because China is now officially flying. The 7 37 max again, this has been a very long time coming. But first they need
Senator Josh Hawley Talks Foreign Policy Threats
"Let's play cut 36. Raytheon CEO says Ukraine is depleted. The weapon stocks faster than expected boy. This is a gift to the weapons manufacturers. They're going to have record profits. I'm not telling anybody what stocks to buy. But if you were to buy Northrop Grumman or Lockheed Martin or Raytheon, I can't imagine you'll do poorly even in a recession. Play cut 36. So as we think about all of the weapons that have been delivered to Ukraine have come out of, I would say, current inventory. We're not building any of those replenishing any of those today, although we're working on it. The fact is we are drawing down weapon stocks much faster, and I think I said this last week, we've gone through in the first ten months of the war 5 years worth of production on javelin anti tank missiles, and we've gone through 13 years worth of stinger production. So it's going to take us some time to catch up. I mean, it's great for business, obviously, for Raytheon, senator, but that's not good for our national security. No, it's terrible for our national security, but it's really terrible for us. Is our effort and our desperate need, Charlie, to deter China. If you think about our foreign policy threats here, where is our greatest foreign policy threat? It is an imperialist China that wants to dominate our supply chains that wants to shut down our ability to trade on fair terms that wants to steal our jobs and steal our technology. What are we doing to counter that? Basically nothing. And what China sees right now is the Americans are completely tied down in Europe. The Americans are spending all of this money and using all of their munitions on Ukraine in this proxy war with Russia and therefore the Chinese are concluding, they can run rampant in Asia. They can continue their efforts at imperial domination, Taiwan will be next and why do we care about any of that? Well, because it's about our security and prosperity. I mean, if you take the supply chain crunch as a problem now, wait until China invades Taiwan and shuts down our shipping lanes, wait until they kick us out of our trade routes in the Pacific, which is what they want to do.
"raytheon" Discussed on Bloomberg Radio New York
"Charlie pellet with today's company headlines, Microsoft, the world's largest software maker is among the companies reporting earnings, minutes from now, Microsoft shares ahead of its earnings report down by about 5 tenths of 1%, the expected slowdown at Microsoft's cloud computing business is coming as a disappointment to some investors who had counted on the software giant to be relatively resistant to a potential recession. Lots of other companies reporting earnings of this morning we heard from 3M, it plans to cut about 2500 manufacturing jobs citing persistent economic hurdles and at forecast profit for the year that fell short of Wall Street estimates. The stock tumbled by the most in nearly 13 years, shares of 3M they're down now by 5.9%. Also out with earnings this morning General Electric, they're based in Boston, GE expects profit to climb this year, as it capitalizes on a strong demand for air travel, even as lingering issues in its renewable energy business weigh on the company's overall performance. GE up by 1.1%. Raytheon Technologies plans to combine its defense divisions later this year into a single unit, as part of a reorganization to cut costs, it also forecast higher profits and sales in 2023 in line with analyst estimates. Shares of Raytheon Technologies they're up by about three and a half percent. Also reporting earnings this morning we heard from Johnson & Johnson little changed and Verizon
Kyle Seraphin: The Information Industrial Complex
"So I wanted to get your thoughts on this A lot of information emerging this week about these FBI biweekly meetings with Twitter Now as we know from Mark Zuckerberg from Facebook's appearance on the Joe Rogan show I don't know if the meetings were as regular with Facebook but it's clear that the FBI met with Facebook too This is troubling stuff I mean big tech is the new public square Kyle You were inside the FBI Do you see this as troubling a development as I do Yeah of course I do I thought I came up with this expression the information industrial complex turns out there are people talking about this all the way back to 2014 2013 So it's not something I came up with although I did kind of have an independent route to it We've got a lot of people that come right out of FBI jobs out of CIA jobs out of other intelligence agencies DHS and so on And they walk right into these high profile roles either as security or information management or attorneys you know straight into the big tech companies That's kind of the new that's kind of the new route to go in and get these jobs It used to be you go to Raytheon or Boeing or whatever that kind of route was But now these guys are going in they're catching these corporate jobs We've got Jill Sanborn is over at Roku She's a senior director of something She's still got an FBI employee number because my folks looked it up These people are very tied in to the agencies they came from and they've got a strong vested interest in making sure those agencies still look good because that's where their reputation is tied So it's kind of a scary thing It's the self licking ice cream cone but it's expanded to a whole new whole new area
"raytheon" Discussed on Podcasts – Telecom Reseller
"Them perfectly valid quite honestly. Start to resign from corporations and individual businesses, et cetera, right? That's the great resignation. It's just this huge resignation of a large amount of people that are in both cybersecurity and in other industries too. What's the time frame that you're sort of thinking where this happened? So it started last year. I don't know the exact time frame, but mid last year, so 2020, sorry, 2021. Somewhere in that time frame, we started to see just people rolling off, you know, amid the pandemic and things like that. And it was interesting. We've started to see a little bit of ramp up and people coming back. But again, the workplace has changed dramatically. And that's affecting us from multiple angles. And one, I'll talk about the people, which is, it's hard to find the people. A lot of people have now moved away from major, metropolitan areas. They've moved out into the country where it's much cheaper to live. And they can do remote work. But in some cases, work has to be done locally. So if you're working on, let's say, classified information, you have to be in a classified environment where you can't do that at home or out in the middle of nowhere, so to speak. The second part is because a lot of these people are now working from home. That is opened up the security posture, I'll say quite dramatically. So we're before a corporation such as Raytheon would have to worry about employees coming into the office and they worried about the computers at the office, et cetera, and occasionally somebody might go on an international trip or something like that and you hand them a clean lunar laptop or something to that effect. Nowadays, people are working from home and we don't know what the security is at their house. Their cybersecurity posture. And so an attacker can easily get into the house and now tunnel back to a company. And that just, it opens up the doors to all types of cyberattacks that we just haven't seen before.
"raytheon" Discussed on Telecom Reseller
"Protection solutions with Raytheon. How are you doing today, Julian? Good, yourself done. Do an excellent, looking forward to the weekend, like yourself, which we talked about a little bit. It's been a long week and can't wait. But before we go to the weekend, we've got to finish this up and our listeners are waiting to hear from you. So maybe you give them a little overview of Raytheon intelligence space and space, I should say, in what you do with them. Sure. So right down intelligence, the space is actually the combination of two business units when we merge last year, which was space and airborne systems and Raytheon intelligence, right? So I worked with and the cybersecurity intelligence and services business unit. And specifically within cyber protection solutions have been at Raytheon for 16 years. I've had, I'd like to say three careers that I started off doing reverse engineering. My background is electrical engineering. So I took things apart and augmented them for customers and then went into intelligence work. Did that for a number of years. And then the most recently have been in computer network defense since around 2012. That's probably one of the hottest areas in the world right now. Definitely in this country. And what do you see as the biggest challenges today facing our cybersecurity industry? Probably the top challenge we face right now is the talent gap quite honestly. We have a huge amount of openings in the cybersecurity arena and quite honestly, it's difficult to find candidates nowadays. Both the pipeline is starting to dry up a little bit from kids from coming from college, et cetera. And also just in general, we're also having people retire. We have the great resignation, of course. And it's getting harder and harder to find that crucial talent that we need in cybersecurity. Along with the talent gap, I'd say we have newer technologies like zero trust, right? And getting companies to understand zero trust and to implement zero trust fully so that they can be better protected. That's another definitely one of the challenges.
"raytheon" Discussed on Bloomberg Radio New York
"And at Bloomberg quick take This is a Bloomberg business flash First stock market was down today but we finished well off the worst levels of the session as the market tried to understand the ramifications of a new series of sanctions against Russia the volatility and fund flows in subsequent stress that we've been seeing in global funding markets really has served to increase betting on the fed being less aggressive when it comes to tightening We've got that March meeting on tap for a while the market had been speculating on a rate hike of as much as 50 basis points That seems to be off the table if you look at today's price section on the two year treasury the yield was down by more than 12 basis points right now quoted at 1.43% in equity market action we had the Dow weaker by half of 1% the S&P down a little more than two tenths of 1% but the NASDAQ comp actually gained four tenths of 1% many defense related stocks moved higher Raytheon shares were up 4.7% We heard from Zoom video after the bell the forecast for first quarter revenue disappointed shares right now weaker by about 4.8% in late New York trading WTI crude oil in the regular session popped four and a half percent and traded just under 96 the barrel A lot of concern about the disruption of crude coming out of Russia having said that there is also a countervailing force and that would be the possibility that we will see a release of oil from strategic reserves Big move into as I mentioned U.S. sovereign debt ten year treasury last quoted at 1.81% tenure was down by more than 14 basis points today I'm Doug Krishna and that is your Bloomberg business flag All right got it.
"raytheon" Discussed on Bloomberg Radio New York
"Council This is Bloomberg Wall Street week with David Weston from Bloomberg radio If earnings were the big story this week supply chain difficulties were the constant narrative through all of those reports As we heard from the CEOs of Raytheon GM and carrier We're not immune from the challenges of supply chain In fact we talked about this morning on our earnings call the fact is we'll probably see almost $300 million of lower revenues this year because we can't get material into our shops and we can't get the labor that we need It will linger into next year and we're right now our feeling is we'll be in a much better shape in the second half of 2022 And we're also taking steps over the medium term to make sure we're never seeing this kind of constraint Not only with chips but with other whether it's critical materials or just the overall supply chain Because we have an aggressive growth strategy in front of us and we're going to make sure that we can execute it So it's a very it's a near term problem that will work through Supply demand is really out of whack You see it in chips Whenever you have to buy chips on the brokerage market it's always going to be painful and expensive We see it on raw materials copper price steel aluminum So we're seeing a lot of pressures on raw materials and tier one chord two pricing but we're managing it through price increases and we're having to be very aggressive on things like G and a having to be very creative on how we manage logistics Katie katsuo Goldman Sachs has remained with us so we can talk about supply chains So I heard about it all week long so you have to CEO Tell us about supply chains Where are we So two main takeaways I think from this earnings season I've also been speaking to a lot of CEOs And the first is that it is very clear that unit growth has been constrained by supply chain issues So we'll talk a lot about tech but let me talk about something very different from tech Let's talk about pools We love pools We've liked them for a while They've been big pandemic beneficiaries Our pool CEOs the ones building the pools and the supply that's the one supply in the pool is believe that unit growth could have been 50% higher without the supply chain issues They're facing The supply itself and of materials and also the labor because of we're facing a great resignation in this country and we're currently have the lowest labor force participation rate since World War II So that's a big problem So that all goes under unit growth is constrained And then the second is the second thing that I would highlight is something that Mary said I think is really really important which she said is that what I heard her say is that over the longer term they're going to address this issue because they need to be positioned for growth And I think what she means by that is that they're going to have to reassure some of this capacity and focus on supply chain resilience And it is my view that actually Wall Street has probably put too much pressure on companies to optimize their supply chain And we're going to get a much better balance going forward between that supply chain optimization and the resilience that become very obvious that we need So there are a couple of issues there I think One is where do you get the materials from Yeah And we relied upon some countries perhaps too much we have to diversify in that The other is how much inventory we maintain Just in time was very popular for a long time Very efficient for a lot of companies Is this going to affect margins going forward If we make those adjustments to supply chains it may cost more money It will And it will impact margins most likely and we're going to have to kind of get used to that But of course we need the top line to come through too And if people want to sell product they need to have inventories So again it's going to come back to the balance of these two things I do think there's an incredible investment opportunity in our team believes There's an incredible investment opportunity in investing in the companies that are going to help reassure some of the manufacturing capacity of the United States of America And so there I would point to you hurt all those people are dependent on chips Chips feel the world They're fueling the technological advancement that we're seeing across all sectors And so we can't be dependent on that just from another corner of the world We're going to have to take some of that manufacturing capacity here So we love chip manufacturing equipment So back when I was running a budget cap city is in a Disney One of the questions I'd ask every quarter if we were down is this a timing issue or if we permanently lost this revenue for someone Let me ask that question about supply chains When you see it down because of the units as you described is that demand waiting for when the supplies there or could we lose some of the demand Yeah so in other words are people still going to buy pools and iPhones Exactly And I believe they will And they're just going to have to wait a little bit longer Now of course that requires us to have a reasonable economic backdrop So with that caveat but they will And in the iPhone space if you had to wait longer you're not going to switch to another provider You will go out and buy that iPhone So in some ways we know that that demand has been kicked into next year But again these companies still have to position themselves for the long term runway of growth and they will.
"raytheon" Discussed on Bloomberg Radio New York
"Is Bloomberg Wall Street week with David Weston from Bloomberg radio If earnings were the big story this week supply chain difficulties were the constant narrative through all of those reports as we heard from the CEOs of Raytheon GM and carrier We're not immune from the challenges of supply chain In fact we talked about this morning on our earnings call the fact is we'll probably see almost $300 million of lower revenues this year because we can't get material into our shops and we can't get the labor that we need It will linger into next year and we're right now our feeling is we'll be in a much better shape in the second half of 2022 And we're also taking steps over the medium term to make sure we're never seeing this kind of constraint Not only with chips but with other whether it's critical materials or just the overall supply chain Because we have an aggressive growth strategy in front of us and we're going to make sure that we can execute it So it's a very it's a near term problem that will work through The supply demand is really out of whack You see it in chips Whenever you have to buy chips from the brokerage market it's always going to be painful and expensive We see it on raw materials copper price steel aluminum So we're seeing a lot of pressures on raw materials and tier one cheer two pricing but we're managing it through price increases and we're having to be very aggressive on things like G and a having to be very creative on how we manage logistics Kay to catch a Goldman Sachs has remained with us so we can talk about supply chains So I heard about it all week long You can see you have to CEO Tell us about supply chains Where are we So two main takeaways I think from this earnings season I've also been speaking to a lot of CEOs And the first is that it is very clear that unit growth has been constrained by supply chain issues So we'll talk a lot about tech but let me talk about something very different from tack Let's talk about pools We love pools We've liked them for a while They've been big pandemic beneficiaries Our pool CEOs the ones building the pools and the supply that's the one supply in the pools believe that unit growth could have been 50% higher without the supply chain issues They're facing The supply itself and of materials and also the labor because of we're facing a great resignation in this country and we're currently have the lowest labor force participation rate since World War II So that's a big problem So that all goes under unit growth is constrained And then the second is the second thing that I would highlight is something that Mary said I think is really really important What she said is that what I heard her say is that over the longer term they're going to address this issue because they need to be positioned for growth And I think what she means by that is that they're going to have to reassure some of this capacity and focus on supply chain resilience And it is my view that actually Wall Street has probably put too much pressure on companies to optimize their supply chain And we're going to get a much better balance going forward between that supply chain optimization and the resilience that become very obvious that we need So there are a couple of issues there I think One is where do you get the materials from Yeah We relied upon some countries perhaps too much We have to diversify in that The other is how much inventory we maintain Just in time was very popular for a long time Very efficient for a lot of companies Yeah is this going to affect margins going forward If we make those adjustments to supply chains it may cost more money It will And it will impact margins most likely and we're going to have to kind of get used to that But of course we need the top line to come through too And if people want to sell product they need to have inventory So again it's going to come back to the balance of these two things I do think there's an incredible investment opportunity in our team believes There's an incredible investment opportunity in investing in the companies that are going to help reassure some of the manufacturing capacity of the United States of America And so there I would point to you hurt all those people are dependent on chips Chips feel the world They're fueling the technological advancement that we're seeing across all sectors And so we can't be dependent on that just from another corner of the world We're going to have to take some of that manufacturing capacity here So we love chip manufacturing equipment So back when I was running a budget cap cities in a Disney one of the questions I'd ask every quarter if we were down is this a timing issue or we permanently lost this revenue for someone Let me ask you that question about supply chains When you see it down because of the units as you described is that demand waiting for when the supplies there or could we lose some of the demand Yeah so in other words are people still going to buy pools and iPhones That's exactly And I believe they will And they're just going to have to wait a little bit longer Now of course that requires us to have a reasonable economic backdrop So with that caveat but they will And in the iPhone space if you had to wait longer you're not going to switch to another provider You will go out and buy that iPhone So in some ways we know that that demand has been kicked into next year But again these companies still have to position themselves for the long-term runway of growth.
"raytheon" Discussed on Bloomberg Radio New York
"Bloomberg quick take He's a Bloomberg business lash Prom Bloomberg world Hank water is I'm Charlie pellet We're looking at records again today for the Dow and the S&P now stack on the minus side little change stocks trading near records earnings are very much in focus right to the numbers with the S&P up 8 right now up two tenths of 1% The Dow advancing 31 points up by one tenth of 1% NASDAQ lower by two little change down less than one tenth of 1% But as that 100 index up to tenths of 1% ten year yield right now 1.61% tenures up three 30 seconds After earnings Facebook shares they are tumbling 5.1% Also after earnings United Parcel Service trading higher by 6.9% General Electric higher after earnings this morning up by 2.4% Among the other companies out with earnings today Raytheon Technologies it topped profit estimates and it lifted its full year outlook Greg Hayes is the CEO of Raytheon He was interviewed minutes ago right here on Donald Sapporo with David Weston I would tell you it was a very good quarter all around in both our defense businesses as well as the commercial aviation segment I think most importantly we can look to the domestic traveler here in the U.S. for an indication that the market is recovering much more rapidly for commercial aerospace than what we had anticipated even 6 months ago You had 1.6 million people across the TSA check lines in second quarter It was up to 1.9 million in the third quarter That's getting close to the 2.2 million that we saw back in 2019 And right here on shares they are trading lower now down by 3.3% also after earnings can not ignore Lockheed Martin it is plunging now by 12.7% After the bell big tech names including Twitter alphabet and Microsoft all reporting after the close of trading Again recapping S&P just starting positive again up by three points now the S&P up 9 up two tenths of 1% One O two on Wall Street time now for the market drivers report for the focus on American depository receipts Here's Dave Wilson Thanks Charlie 80 yards are lower unlike U.S. shares the S&P ADR index is down about three tenths of a percent and the S&P 500 is higher by two tenths of a percent Japan's canon has fallen 14% in U.S. trading the maker of cameras copiers and printers cut this year's forecast for operating income third quarter earnings were lower than analysts expected in the Bloomberg survey The UK's entertain has lost 6.2% U.S. rival draft kings walked away from a proposed $22.4 billion takeover rather than making a firm offer as required under UK law DraftKings has risen 4.4% The UK's record bankes are as gained 5.7% As old product makers third quarter revenue beat analyst estimates Bracket raised its sales forecast for the year And Chile's sqm is added 4.9% but let the minor receive the equivalent of a buy rating at JPMorgan as the firm reinstated coverage Joe And we thank you very much Dave Wilson keep a track of those ADRs Again recapping stocks are trading higher across the board now with the S&P up 9 out of record up two tenths of 1% I'm Charlie peleton That was a Bloomberg business flash This is balance of power with David Weston We're back In other words the activity levels and what goes on day to day is bigger than it was before the pandemic Despite the surge in delta cases consumers kept spending Where the world of politics meets the world of business We are better than we were since some of these mandates had come into play that we are nowhere near where we need to be Labor prices are up So I do worry that this will be ongoing inflation Balance of power with David Weston on Bloomberg radio The FDA gets ready to approve vaccines for young children SEC gets a green light to regulate one type of cryptocurrency and Congress gets ready to move forward on a slightly less massive budget From the Bloomberg interactive broker studio in New York welcome to the second hour of balance of power I'm David Weston It's.
"raytheon" Discussed on WBZ NewsRadio 1030
"Postpone, and in October we came back. We showed the bad guys, you can't stop it. So that's another thing about Boston for the middle of Honor recipients. It is once again a memorable visit to Boston. A city with a rich history at one forever changed by the events of 9, 11 and Charleston, Mike Macklin WBZ Boston Radio Police in Stone, um, are investigating a possible attempted kidnapping 12 year old girl went to police and reported a man yelled at third, yelled at her through his car to window repeatedly trying to get her into his vehicle. The man was reportedly parked on Main Street. The suspect is described as a heavyset male with a red beard driving a small white sedan. Anyone with information is asked to contact Stone and police. On the South Shore. How the town of ducks Berry is paying tribute to 9 11. A new memorial is dedicated. That's coming up right now. We gotta Bloomberg Business. While the world continues to recover from the Covid lockdowns, there's one business that may never reach that pre pandemic normal. Certainly, business travel is forever changed, I would think because of zoom. Greg Hayes is the CEO of Raytheon Technologies. He's just one of a number of corporate leaders who think it's going to be a while before businesses feel comfortable Shelling out for conference trips when a conference call could work just as well is really bad news for airlines. Bloomberg Travel editor Tara Fatal, Very lucrative end Of the business model for many, many major network airlines, such as their friends. MOVED Canada Delta Patel says those three or four rows at the front of the plane can account for about 3/4 of an airline's profits. Business travelers tend to book at the last minute and they can expense those premium ticket prices anymore. Cutbacks in the airlines could be forced to squeeze more profits. And passengers into coach. I'm Nathan Hager Bloomberg business on WBZ, Boston's NewsRadio..
"raytheon" Discussed on MAD MONEY W/ JIM CRAMER
"Paid employees had to stay home actors. Unpaid chewier officers. I know the mice. Research beers indicators flashing red i know aluminum copper stand l. elevated but schools can't reopen stay open without causing huge outbreaks. That would be a huge positive for the moment. Though the cdc's new guidelines the need for wearing masks indoors was viewed as a tragic negative today and weighed on the averages and created that horrendous prison that everybody look through every single stock tonight with every single one doesn't matter the three pillars of industrial stocks general electric. Three m or better than expected numbers today this morning. The prison just kept them all down. You're the only raytheon managed to buck the trend. And i'm wondering if maybe that's because they have an excellent aerospace and defense business that's most immune the gyrations the economy and also essential defending off china. Something crazy happens. In the strait of taiwan which anyone can certainly dreamed about that nightmare given that the chinese wrecking the stock market. Of course the president does change from day to day. why don't we define what gives it. What is it and why. Don't we show what defines any given moment so then you can understand why tomorrow could be ugly and you might want to buy i as usual tobacco mark. Enjoy another rally today with rates going down suggest you horrific decline in economic activity. Now it doesn't jive with a single statistic. I've seen. Hey but if the cdc is telling you the great reopening is now the closing. Well that means. The fed. doesn't need to tighten tomorrow but it also means that businesses going to fall. Now i have to tell you that. The cdc nih fda have all created many moments of pain hysteria that the markets usually been able to shrug off this done though. The prison says we won't be able to do that so quickly. So you should by the recession proof. Stocks that don't need to worry about the economy like the trucks and utilities. Not raytheon three him nor anything. Great report tonight for example. You have to remember that. This prison could be temporary today. The market had joined us view of just about everything yesterday. We're a lot more positive tomorrow. Nobody knows but i suspect the market is still in fault finding mood. Here's what we do know. We got a bunch of very important quarters at the close today and every single one considered horrendous. Everyone does that make sense to you. I told you. Expect incredible things from alpha the parent of google thanks to the boom online. Advertising is.
"raytheon" Discussed on KNST AM 790
"Number one. Oh, boy, Raytheon Going full woke going after white people white men wanting their employees to look at other employees based on their race. I mean, it's bad. We'll get to that at 705 and their big employer here in Tucson is you have a lot of Raytheon listeners. On a Raytheon Lister. What is going on their second thing? I think I'll tell you a second thing I think you need to know is Joe Biden's administration. They have decided to because Covid is such a threat to use $860 million. It's almost a billion dollars in covid relief funds and use it not for covid at all, but instead to house illegal alien Children. At the border. What if they just Close the border remain in Mexico. Save a billion dollars. Wouldn't that be nice, right? Wouldn't that be nice? Third thing that I think you need to know is that the Utah chapter of Black Lives matter has declared the American flag is a symbol of hate. And not only that, but if you fly at your racist, and on top of that, you're stupid. Yeah. Oh, Throughout the show, Get into that 23 things. I think you need to know. Before we get into the Greg averaged of competition, Baby, it makes the world go around. Uh, let me jump to Larry, who's been patiently waiting. I appreciate it, Larry. Welcome to knsd. Hey, Carol. Good morning morning. So I pretty much found out that, um If I don't wear a mask, I could lose my job. Mm. And I told him that masks don't work as well. Joining the people that got ticked were wearing masks. And as I look around, nobody else is wearing masks. Yeah. I mean, there's there's no more mask mandate. Pima County even ended the emergency. So it is what I told him is your boss or the owner of the company? Just a mask freak or something like that, Or were they afraid of you're going to lose business if you're not wearing the mask, and people won't won't use you or something. I think the Biden lover Really okay? I don't know. I just I just think about I don't know. I mean, again in your job. I don't know what you do, or you around other people a lot or like they make you wear outside. Yeah, I am around a lot of people, but Like maybe one or two at a time, but social distance six ft. As if that matters Um, right. So so do what I do is I put my mask on. I put it on my chin is the bra. There you go. Let's either go go full. Vince Leach, right to go full, Vince Leech. Um, So do you. I mean, did your boss to tell you have to be vaccinated to keep your job? Well, if he says if I don't want to wear a mask, I have to be vaccinated. But nobody else in that place is, um, wearing a mask. Are they all vaccinated? I don't know. You have to do and you have to show them the proof. Yeah, you have to show proof. I live in this area. You vaccinated? Yep. You just say Yep. And they never had They just think vaccinated just for Covid. It's like no, I'm but I'm good with the measles and the mumps and And everything else. Apparently, from what I understand you have to carry, uh, piece of paper saying that you were See, And this is the problem. This is where I had an issue with Ducey and Bowers and fan. They didn't go full banning vaccine passports because the one thing they left out is that employers can force employees to do it. That was the one thing that was left out. It bothers me. I wish they would have done it. I mean, So, what are you gonna do? I mean, you're going to quit your job, or you just gonna put the check them now I'm gonna I'm gonna use the chin, bro. Is it a big company that you work for? Oh, it's pretty huge. It's almost world almost nationwide. So is the order coming from a person here in Tucson or from someone in corporate Supervisor. So it is even a company policy or is just a supervisor telling you this company policy. Oh, God. And I told him I have asthma and the like, so and your point Wow. What if you bring him that German study? It was June 30th of this year just about over a week ago was put out on the Journal of American Medical Association, uh, where they actually looked at over 25,000 kids, and it shows that mask actually increases the co two level 22 very dangerous ways. And they came to the conclusion these doctors that nobody should be wearing a mask. Yeah, they don't care. Of course. You don't believe in science. They believe in fake sites. Dude, I feel bad for you. I don't know what you can do. I guess you could quit if you want. But if you don't want to, I guess you got to put up with this garbage. And this is just insane already. Unless you get a whole bunch of guys put up with the garbage until I get it raised. Well, I got you your choice, man. Thank you. Appreciate it, man. Take care. I I just This is the insanity crazy. You actually bring actual science and you show it right? And then they just don't want to know. We don't care because we heard somebody say this right? We heard somebody say this. I got a buddy of mine sent me. Uh, Some information. I mean up in the Scottsdale area. These things. Apparently, there are child abusers that run the boys and girls Club up in Scottsdale. They're making kids wear masks and 110 degree heats. Yep, And the reason is this is from someone named John Carroll. Zack K E R. O S K R O L Z A K. Road to a parent. I've been sent this, uh, Boys and girls Club of greater Scottsdale. Um, throughout the pandemic. We followed CDC guidelines current direction, the CDC says. If you're not back city to mask is required. So there you go. There you go. Our number one priority is the safety of the members and staff.
"raytheon" Discussed on WCBM 680 AM
"Defense contractor there, based on the Massachusetts but they have Uh, they have branches here in, uh, in Maryland. I think in the Annapolis area if I'm not mistaken, but again, I'm sure somebody will correct me if I'm wrong, but workers there at Raytheon. They're calling on their white workers to reject racial equality in favor of equity. And participate in reparations. Internal documents from the defense contractors show a whistleblower contacting Christopher Ruffo. Who has now put these documents out. Workers there at Raytheon are encouraged to de colonize your bookshelf. Join a local white space and defund the police. Raytheon. As far as the company's critical race theory program, which is now infecting the nation's second largest defense contractor. The Massachusetts companies stronger together program. Introduced last summer and effort to get its 180,000 employees to help drive near and long term societal change. Raytheon Technologies chief Diversity Officer Marie So Dixon, and that's the first mistake companies make is hiring these so called diversity officers. Program based upon the framework of Intersectionality theory that ranks discrimination and privilege around people's social and racial identities. The documents. Which roof obtained through a corporate whistleblower. Get this ass quite Straight. Christian able bodied Ingles, English speaking employees. To deconstruct their identities. Identify their privilege and step aside in favor of other identity groups. The big question that I have, what would Barack Obama do? White mother, Black father. He's a half white oppressor and a half black victim. How does he deconstruct? His identity. Oh, I I get it. He kills the wipes it outside of himself. And fully embraces the the Black Barack side of The Obama clan. Just amazing, isn't it? Chairman Jo Out there salivating over the prospect of raising taxes. First up is he wants to tax fossil fuel companies, You know, like the gas companies, you know, already paying record amount of You know the prices of the gasoline pump that's going to get worse under Chairman Jo If we.
"raytheon" Discussed on The Erick Erickson Show
"Dot com and he emailed me during commercial break and said his local school district sinatra note and said that they are not teaching critical theory in their local school system but they are teaching anti racism and diversity equity and inclusion the anti racism and inclusion is the abram kindy stuff it's based on critical race theory. Abram kindy though has come out recently and said it's not so that gives school boards like the precise county school district here in georgia or this went up in virginia gives them license to say we're not teaching critic gracie games that they're playing here. The proponent of anti racism borghini says well. it's not derived some ideas from critical theory. But it's not really critical theory so all the school board's rush out and say we're not teaching critical theory. Were teaching anti racism diversity equity and inclusion. It's actually probably even worse than because hebron kindy is one of the dumbest people to ever promote any sort of idea. I mean this guy. Have you read his book. Have you listened to him talk. He's not a bright person. He's a glorified griffin. Who makes white people feel good about themselves and their white guilt. This whole anti-racism idea of will it's either racist or anti racist. You have to discriminate against just nonsensical. Stop if your school. District is engaged in diversity equity and inclusion or an anti-racism program. They are embracing a critical theory framework. There just changing the name and they think you're too stupid to catch on. You should vote those people out of office at your earliest possible opportunity. Would they're continuing to do. I mean the anti racism. Braver abram kindy is due must discriminate last summer. Raytheon ceo greg. Hayes launched stronger together. It's a campaign at radio on the second largest defense contractor in the country instructing employees on becoming an anti-racist he signed a corporate diversity statement and then asked all raytheon employees to pledge to check their own biases. The whole thing is rather crazy. I mean i. It's it's just bizarre. What's christopher rupo. Who's been just brilliant and exposing the stuff has the slides on it. The program is centered on intersection alley. A core component of critical race theory. It divides the world into competing identity groups with race gender religion sexual orientation other categories defining person within the heirarchy of oppression. Raytheon then asks white employees to deconstruct their identity and identify their privilege the company. This is a defense contractor argues that white straight christian men are at the top of the oppression heirarchy and must work on recognizing their privilege and step aside for minorities. Now it makes me wonder. Is greg hayes going to step aside. I don't know as greg as a a do. Yes old white dude Greg hayes is how old are the guy about sixty years old went to cornell and purdue became a cpa Now he is the head of raytheon. This is just kind of bizarre. This is the pledge we all contribute to our company culture making a commitment to foster and inclusive workplace through your behaviour by signing the. I act on pledge. I will check my own biases and take meaningful action. To understand mitigate them i will initiate meaningful complex and sometimes difficult conversations with my friends and colleagues. I will ask myself do my actions and words reflect the value of inclusion. I will move outside my comfort zone to learn about the experiences and perspective of others. I will share my insights related to what i learned. This is this is the ultimate in white people. This high black friend. Tell me how. I've oppressed you so i can tell the world right you're blackburn's really wants you to come up to him and say. Tell me how i've oppressed you. Buddy the answer is you're doing it right now by making me have to deal with this. Stop good grief. This is a defense contractor. There is no escape from witness under the diversity equity inclusion.
A Test for Data-Driven Drug Development
"Bill thanks for joining us daniel. Thanks for inviting me on the show. We're going to talk about smash avante. Its business model. And its efforts to better harness available data to speed drug development and improve decision making around it. perhaps we can begin with a little background. People may be familiar with the vikram swami's and his vance samanta was actually born out of sumitomo dainippon farmers acquisition of five vance. What is samat of antony. And where does it sit in relation to sumitomo in the group of vance acquired. Sure so as you mentioned was formed out of a three billion dollar transaction between a dainippon. Sumitomo pharma and raytheon Anytime a mid sized japanese pharma company. Roy vance is a startup pharmaceutical company about six six years old. So roy event has been successful at in licensing drugs in therapies refining their clinical development plan to optimize their positioning to address unmet need raising external capital to support the clinical development plan then hiring executive team to that clinical development plan so when a drug was expected to address high unmet need royden spun off a subsidiary to house. The drug generally named with the suffix van so dsp dainippon sumitomo purchased roy vance ownership stake in five of those subsidiaries and also to technology teams digital innovation headed by dan. Rothman and mike computational research team with our computational ecosystem that we burned of the drug
United Airlines grounds Boeing 777s after engine failure
"We're going to begin today with the not so friendly skies. United airlines is grounding. Some of the boeing seven seventy seven in its fleet. This is in the wake of the faa investigation of united airlines flight from denver to honolulu over the weekend. That make an emergency landing. Because the boeing seven. Seventy seven lost an engine. Let me say that again. It lost an engine. No one was hurt and that includes by the way the people on the ground because there was debris falling from the sky. Because the boeing seven. Seventy seven lost an engine. Not surprisingly shares of boeing doubt. We'll get to the airline stocks which are all up. We'll get to that in a second. But you and i were talking right before we started recording. This are we in year. Four of boeing having these type of headline risk problems and yet feels like. It's i guess it's been that long. It certainly does. It feels like it's it's dragged on t to the tune of of wells. Fargo like proportions right. If it's not one thing it's another. And i guess so. At least it's not the seven thirty. Seven max right i mean. I think that's really been the big headline driver for the last. Several years for boeing and rightly so. I mean clearly some real problems inherent design and the software behind and so in regard to this. I mean obviously it's been very difficult. Stretch for boeing the stock. I don't think this is one of those things that necessarily is going to play out On them in the same way. I think primarily. Because when when we see boeing headline while the the the sub the sub head. There is pratt and whitney engines. That were found on these seven. Seventy seven. so it's not. Like it's a boeing engine per se. I mean it's on a boeing plane. But pratt and whitney which is a subsidiary of raytheon is part of this equation as well and so i mean clearly look you never wanna see something like this happen I mean even just the the notion that you could get on a plane and this is a possibility makes you think twice getting on the plane in the first place But by the same token listen we get out of bed every morning. And there's risk inherent and just living life I think this is one of those things that the responsible parties. They obviously dig into the problem. This could put a little bit of a a crimp on demand for these particular planes in for the foreseeable future at least until they come up with an answer. I don't think this is one of those things that necessarily pins this company down like the issues with seven. Thirty seven though
"raytheon" Discussed on WGN Radio
"This is really no surprise to its investors because it's been on a long, low, slow, slow slide over the last year course Civic is down 4.5% right now it's down 61% over the year and Geo Group shares are down 4% today That's a new 52 week low and down about 52% of the past year. Overall, the markets are flat traders air digging through a whole bunch of earnings reports. The Dow's down about three points. The S and P is off. Three of the NASDAQ's down for the rest of 2000 is down. Eight. Volatility is measured by the CBO. Eve IX is pretty flat down. About 4/10 of a percent among the winners after earnings G shares are up 4% Shares of three M are up 2%. Raytheon beat the street and shares or 3% higher shares of Johnson and Johnson or 3% Higher Polaris, the snowmobile maker. Beat the street shares are up about 3% 1 of the most anticipated earnings reports of the week is apples and we will hear tomorrow how its last quarter went, and the expert guessers say it should have been a good one based mostly on iPhone sales. And speaking of sales. Apple makes a lot of dough out of it saps the top five paid iPhone apse of the last week were number one Minecraft. Number two balloons. TD six. Number three Procreate Pocket number four l. Them too generous is game heads up and number five Monopoly Top free app. So the last week the high heels tic tac, the CW, YouTube and zoom cloud meetings number five checking commodities. Crude oil has been flat today, right now. It is down. 20. Cents 50 to 57 gold is trading down $4.30 at 18 51 of announce and after Chicago Board of Trade beans continued to boom up 24 cents of 13 67 corn is up 16 cents. That's about 3% at 5, 27 and a quarter and weeds trading about 2% higher 14 cents at 6 62.5. That's your money on 7 20 WGN and I'm Laurin lap to on Chicago's very own 7 20 wg and should about game stops stock. I was telling you, Actually, I never said that. But Like, Don't you wish you did will catch up on what the hot stock stories are in just a minute. It's time for the win. Trust business Lunch. A different future starts.
"raytheon" Discussed on Bloomberg Radio New York
"And analysts in over 120 countries. Mark Crumpton, This is Bloomberg. Thank you so much. Mark. Raytheon Technologies released his fourth quarter earnings and they did better than expected on revenue and on earnings per share while anticipating improvement in its commercial aviation business in the New year. Welcome to Raytheon CEO Greg Hey, some strains. Thank you so much for being with us, and I've been admonished to remind people that you had your merger closed, I guess just on April 3rd. So your beard doesn't quite work. You could start a new company in a sense. It's a little It's a little confusing when you look at the pro form of numbers, but it's April 3rd. We closed on the merger. The same day we spun off the carrier and notices Standalone public cos There was a Was a big year for us, but you've got a lot done. So explain exactly what you did get done and how you did it. Look when when the merger closed last April, we were in the middle, of course of the lockdown across the country and we were very fortunately, we moved to a remote work environment We've got about 190,000 people over 100,000 people were working remote. At the day of the merger close, so the team got after it. And I think importantly, back in April and may, as we looked at what was happening and the length of the downturn in commercial area, we knew we had to take some pretty dramatic actions. So we identified about $4 billion in cash actions that we could take. We saw took looking around $2 billion of cost actions that we could take in 2020 and Good news is we hit all of those targets? We were able to take out $2 billion in cash. About half of that, unfortunately, had to come from the people side of the business that was furloughs. That was layoffs. That was pay cuts, the all those really hard things to do. We also reduced our non discard discretionary spending Our engineering and development spend. And at the end of the year, I think the most important thing is the cash. We thought we were gonna get about $4 billion till when we got about 4.7 billion, So we were able Tonto year with Around $9 billion of cash on the balance sheet. Very, very strong liquidity position and really positioned us the business for the recovery that we think will happen later this year Commercial Arrow Tough year last year, I think detrimental margins you can imagine when you're losing commercial after market, which is where most of your money is made, and we saw a detrimental margins of north of 50%. We believe is the aftermarket comes back. We're going to see incremental margins of north of 80%. Because of all the costs were taken out. So a lot of hard work a lot of very tough decisions that the team had to make. But I'm proud of the way they came through it. And I think today the business is uniquely positioned for a recovery which will happen. Can't tell you what day but it will happen. Well, let's talk about the recovery for a second. I mean, for our audience to next, Make sure every understands Pratt and Whitney is part of your company. And that is commercial airspace. A lot of jet engines being made and you say you make a lot of the money actually, after market that is, as I understand the maintenance and the parts efforts when you're not finding their prints don't need all that stuff. Are you prepared for a real snap back? What if it comes back faster? You think given the cost cuts you've made Could you be caught out a little bit and not having the capacity to address that? So I think you know, even if it is, we think about a recovery this year. Maybe just put it in perspective. So for the year, we think our commercial traffic domestic traffics probably going to be up about 36%. That's still down about 35% from 2019 loads. So as an example one of the engines of Pratt Whitney makes is called the V 2500 powers. A 3 20 Airbus aircraft. We typically see about 1000 of those engines come in every year for a shop visit. For repair last year that was about 500. This year again. We'll see a recovery in that, but nowhere near back to the 1000. So we've retained the capacity Tol for the recovery, But we have taken out all of the I would say the folks that we need to to keep the operational lean. I don't have any concern about researching something. Everybody is trying to be cautious about how much they take out not to cut into the bone. Because people want to travel. They will travel again. It will take some time. But we're confident we're going to see the recovery this year not to back to her. It wasn't 19. It'll take several years but confident our approach in terms of the cost. Take out. What do you anticipating and therefore planning for with respect to military spending? So, interestingly, we ended the year roughly $67 billion in backlog. And as we think about how that will play out in 21 22. What we gonna see Organic growth of around 3 to 5% used to say that very carefully because it's part of the merger. Last year, we had to divest the couple of our military businesses. So the the actual reported number looks a little funky buddy. Think about 3 to 5% organically this year and next. On what is essentially a flat defense budget. And I think that's probably about as good as you could do it in this marketplace, and there's there's certain areas were Raytheon Technologies has a real advantage, obviously sensing or or radars, which is the heritage of racing on Also in the space sensing business and space, communications, business and ground traffic control, So ah lot of pieces of the puzzle within Raytheon Technologies. I think you know, we're pretty well aligned with what the emerging technologies are needed for the Department of Defense. What do you anticipate the long term changes in great hands? Business will be from the pandemic, and I'll give you a possible example. Which is how much commercial office space you need. I saw a report that maybe you have let your gonna be having less now because you've discovered people can work from home. You see longer term changes in the way you do business. I think it's it's a great question, David it is we have. When we first started this last, I guess. End of March when people started working from home. I was anxious to have everybody get back to the office is as soon as possible. Haven't be able to successfully run the company for the last 9 10 months now, remotely on DSI the advantages of having a remote workforce. I think it gives us incredible flexibility in terms of hiring the right people without having to pull full up stakes and move folks around so As we think about. We've got 32 million square feet of office space. What I've challenged the team is to find a way to reduce 25% of that. Now you never get rid of all of it, obviously, but because I think about it will probably have. Ah, Three different types of folks will be those who come to the office every day. You come to the factory floor every day, and they will perhaps be a third of the workforce. Maybe a third of the workforce that will permanently be working remotely, and another third, it'll probably be called a hybrid that is the will come into the office one or two days a week for team meetings and training and the rest of the time work remotely. And we're gonna be reconfiguring office space. We're gonna start Tonto print Whitney business this year to model how that's gonna work. We called the Office of the Future project, but I think again. If you could take out eight million square feet of office space. There's a tremendous amount of savings, not counting the statements that you have in terms of the efficiency of folks working remotely,.
How to Choose an Instrument Approach, RH of Opposing Bases, Syringe Pilot Shares Details + GA News
"And welcomed aviation news talk show about general aviation with relevant news and flying tips for pilots and student pilots. To help keep you safe. I'm extra scott for our pilot skills topping today. We'll be talking about the factors you should consider when choosing instrument approach and air traffic controller r h of the opposing basis. Podcasts will be here to answer listener questions. And finally we'll talk with a newsmaker a young pilot who did something that made headlines around the world last week episode. One seventy one. We talked with andy chant about the sleek new petrol panther aircraft. So if you didn't hear that episode you may want to check it out and if aviation is talk. Podcast is new to you in whatever app. You're using to listen to us now. Just click on the subscribe button. So new episodes will download for free each week. I think you'll enjoy today's show and you won't want to miss future shows this week in the news. Real time. updates on special use airspace are coming to the cockpit. A student pilot selfie results force landing and an airport. Snowplow driver got in trouble at the reading pennsylvania. Airport all this more and the news starts now. From alpa dot org coming to the cockpit. Real time special. Use airspace updates real time status of military operation areas or moas and other types of special use airspace or s. You a into. The cockpit of aviators has been included in the national defense authorization. Act or indeed led by senator james inhofe of oklahoma chairman of the senate armed services committee and representative sam graves of missouri. The top republican on the house committee on transportation and infrastructure and a member of the house armed services committee a provision in the act was included that requires the faa and the department of defense to establish automated. Real-time broadcast similar to temporary flight restrictions dissemination on the real time status of emo as and restricted airspace. The aa an annual bill was passed in both the house and senate by overriding the president's veto making sixty consecutive years that it has become law the goal to improve operational safety and efficiency by transmitting directly into the cockpit the real time status of military training and other su as will result in enormous savings and environmental benefits robberies of private commercial and military aircraft a mitre corporation report developed in two thousand twelve documented the potential benefits of such a system according to the report quote overall approximate annual. Good weather flight savings in the national airspace system. Include fuel savings of one hundred million dollars distance savings of thirty million nautical miles flight. Time savings of ninety thousand hours and reduction of carbon dioxide emissions of three hundred million kilograms. Lp president mark baker said this really sets the course for faa and dod the use existing technology to ensure pilots have tools readily available in order to transmit this type of airspace. Safely and efficiently'' it's a game changer. For many pilots and insurers are warfighters. Continue to receive the training. They need and deserve from k. H. dot com. Which i believe is a houston television station. Pilot killed after jumping in a rolling plane that went airborne while doing maintenance. Faa says one person was killed when a small plane crashed in a residential area of galveston county according to authorities. According to the faa an unoccupied single engine plane began to move forward while maintenance work was being performed on the aircraft at scholes international airport in galveston. A pilot jumped in the plane at the faa says it rolled over chalks and became airborne plane went down in a residential area near the intersection of south railroad and mike avenue in hitchcock at about two pm the pilot has been identified as fifty year old austin stall of galveston. There were no passengers on the plane and other injuries reported plane went down near railroad tracks. The call someone is a nurse who lives near the crash site. She said she saw the plane flying very low before nosediving into the ground right in front of her house. And i think probably the key takeaway on this is that sometimes. It's probably better to let an airplane go. Even though you know that it's probably going to be damaged rather than try. And get into the airplane and injure or kill yourself from aviation safety dot. Net hawker eight hundred. Xp crashes during landing on runway one four at farmingdale republic airport in new york now one of our patriots mega supporters. Jim gold fussy gives ground instruction at republic. Airport notified me of the accident immediately after it happened. A raytheon hawker eight hundred. X p november four one to juliette alpha performing telling air flight t.f. Nine forty one suffered an accident during landing on runway one four at the farmington republic airport on long island. Both bins sustained minor injuries at twenty thirty two local time. The flight was cleared for an approach to runway one four. The tower controller reported wind calm and stated that the aircraft that landed five minutes prior at reported that the cloud base was at minimums.
Georges Bizet, Christmas Carols in Classical Music
"Hello welcome to classics for kids. I'm naomi lewin. This week in celebration of the christmas season some classical compositions that involve christmas carols in the middle of the nineteenth century. An englishman named william chatterton dix came up with christmasy words. What child is this for the old folk song green sleeves years later when raytheon williams wrote his fantasia on green sleeves. He probably had a pretty good idea that the peace would get played a lot at christmas. Time the fantasia. Green sleeves was originally part of an opera but some pieces of christmas. Carol classical music written to be used in church johann sebastian bach was an excellent organised. Who spent years writing church music. Bach based a whole set of variations on the old german. Carol come mojo known in english as from heaven above earth. I come that same. Carol turns up in auto nikolas christmas overture which even has acquired to sing it. There's another german christmas. Carol in which. Mary sings joseph dearest joseph mine asking joseph for help rocking the baby. Jesus to sleep. Yohannes brahms used that in song. He wrote to honor another baby the son of his good friend joseph or josef in german. Walk him brahms. Like the inside. Joke of the to joseph's and he liked the wonderful tune which he gave to the biala A couple of centuries earlier than brahms was composing in germany mach. One chaperone ta was composing in france. Chaperone ta came up with a whole set of what he called. Carols for instruments. The title of this one is where are those cheerful shepherds headed. One of the top ten favorite christmas carols actually has music by classical composer even though that's not what he wrote it for felix mendelssohn composed a song to celebrate yohannes gutenberg. The man who invented the movable type printing press mendelssohn didn't like the words to that song and told his publisher. He thought the music could be recycled for something else. Maybe a wedding piece but nothing really religious. After mendelssohn died someone in england discovered that the music went perfectly with a poem by charles wesley. The brother of john. Wesley who founded methodism Pieces that use christmas carols were meant to be played at christmas time. Utter reno raspy composed a musical description of three paintings by italian renaissance artist. Sandro botticelli one of those paintings is the adoration of the maj. I in which maj i. The three kings are part of a huge crowd admiring the baby. Jesus resp- iggy sets the scene by quoting an old church chant anyb- any emmanuel which you know as the christmas. Carol o come o come emmanuel. The three kings feature in another piece that uses a christmas carol. The farren dole from the arlesienne sweet by george. Bc opens with an old french. Carol called the march of the kings
Biden announces new cabinet nominees
"Marsha Fudge to lead the Department of Housing and Urban Development. Former Iowa governor Tom Vilsack is being tapped for agriculture Secretary as NPR's Giles Snyder reports by this expected to formally introduce retired General Lloyd Austin today. As his nominee for secretary of Defense. General Austin would be the nation's first black defense secretary. But there are concerns in Congress about maintaining civilian control of the military. Jim Mattis four years ago, Austin will need a congressional waver because he has not been out of the military for the required seven years measure designed to ensure civilian oversight at the Pentagon. Austin could also come under criticism for his post retirement service on corporate boards, including the weapons maker Raytheon Technologies. Resident he, like Biden is already making the case for why Austin should be confirmed by the Senate. Writing in the Atlantic, Biden said Awesome would work to put the civil military balance back on track. Kyle Snyder. NPR news More than 15 Million Covert 19 cases have been confirmed in the
Trump says Defense Secretary Mark Esper has been 'terminated'
"The president taking to Twitter this afternoon to say Mark Casper has been terminated. A secretary of Defense Mark Casper's tenure as America's 27th secretary of defence came to an end after the president lost confidence in the top civilian at the Pentagon. Esper was Elevated from acting defense secretary and confirmed by the Senate by a vote of 92 8, Previously the West Point graduate, served as secretary of the Army prior to his service in the Trump administration. As for served as a Senate staffer chief of staff at the Heritage Foundation and is a government lobbyist for Raytheon.
China to Sanction U.S. Weapons Makers Over Taiwan Sales
"China has announced new sanctions against the United States. Correspondent Bills in for tells US More Sanctions announced Monday Air in response to the U. S sale of military equipment to Taiwan. Foreign Ministry spokesman said Monday that the sanctions would target defense contractors bowing and Raytheon, although details of the sanctions were not revealed. Last week, the State Department approved the sale of three weapons systems to Taiwan, which China has called an attack on their national interests.
Raytheon doubles job cuts to 15,000, citing airline downturn
"Raytheon Technologies is planning to eliminate more than 15,000 jobs this year at his corporate offices, jet engine maker Pratt Whitney and aviation in military equipment manufacturer Collins Aerospace, the chief executive officer. Greg Hayes announced the revised job cut numbers today during a Morgan Stanley analyst conference. The cuts are nearly double what the company had disclosed in July amid a downturn in the airline industry. During the pandemic
Reporter Jeffrey Goldberg Addresses Trump’s “Loser” Remarks, Talks Using Anonymous Sources
"It has been a rough Labor Day weekend and the trump. White House where officials are absolutely full out freaking out about Thursday. Night's report in the Atlantic that trump had characterized Americans who died in war losers and suckers trump has spent the past four days repeatedly nine the story marshalling all kinds of people to. Come forward to knock it down he insisted today the quote an animal would say thing that the White House trotted out figures like Sarah Sanders who we know is lied to reporters multiple times to claim the report isn't true because they were there when trump didn't say the terrible things he allegedly said take they're hoping you don't think about that formulation too much. The main problem for the White House here is that the evidence supporting the story is pretty obvious and clear and almost overwhelming to anyone not inside the trump reality distortion bubble. The Atlantic's Jeffrey Goldberg reported that trump cancelled a visit to an American military cemetery near Paris back in two thousand eighteen partially because he worried his hair would become disheveled in the rain and partially because he did not respect the American war dead interred there. In a conversation with senior staff members on the morning of the schedule visit trump said, why should I go to that cemetery? It's filled with losers in a separate conversation on the same trip trump preferred to the more than eighteen hundred marines who lost their lives at Bellawood as suckers for getting killed. Now, the sources in the story are anonymous you know anonymous sources are not as. Good. As name sources when you're evaluating something, but it doesn't mean that the claims came in on some anonymous tip line that no one knows where they came from. It means a reporter in this case, Jeffrey Goldberg spoke to people directly interviewed them and has agreed not to identify them in the story Jeffrey. Goldberg, will be here with me to talk about that in just a moment. His initial story has now been confirmed in part or in its entirety by reporters at. All okay. Remarkably a correspondent at Fox News included in that lineup whom trump promptly called on the network to fire. Some of those corroborating stories included even more damning details about the president like this one from the Washington Post quote the president told senior advisors that he didn't understand why the US government plays such value on finding soldiers missing in action because they had performed poorly and gotten caught and deserve what they got and this from the New York Times people familiar Mr Trump's private conversations saying he has long scorned those who served in Vietnam as being too dumb to have gotten out of it as he did through medical diagnosis of bone spurs in his heels. Back in two thousand, nineteen trump's former lawyer and fixer Michael Cohen testified the trump admitted to faking those bonds first telling cone quote you think I'm stupid I wasn't going to Vietnam. There's even more evidence that trump view soldiers at stupid or suckers Mary trump the president's knees wrote in a recent book that trump and threatened to disown his eldest son if don Jr. joined the military. She also says that her own Father Fred trump junior was mocked by donald trump because he fred trump junior decided to join the US air. National. Guard quote my father was frequently ridiculed for his career choices and disparaged for serving our country by both his father and by his brother Donald. Then, there's the fact that pretty much none of trump's top military officials past and present are backing the president up. I mean you really can't find anyone who's stepping forward to defend his character save he would never say anything like that they aren't disputing the story instead that's been left talking heads and former flax and loyalists. That's maybe not a huge surprise because trump allegedly said about all US servicemembers, hues very closely to what he said back in two thousand fifteen about one particular veteran Senator John McCain. War here or euro he's a war hero years he's a war hero presumes captured. I like people that weren't captured. Okay I hate to. John. McCain was prisoner of war in Vietnam for five years host. Donald Trump avoided that war had a different experience in an interview in the nineties. He characterized his efforts to avoid transmitted diseases while sleeping with numerous women as quote, my personal Vietnam. An. Event with Union members today Joe Biden lambasted the president's comments an invoked zone Sun Beau who served in Iraq and then died from a brain tumor in two thousand fifteen. Those of served. Risk, their lives even gave their lives, our nation losers suckers. He's our heroes. Tell you something. My Bowl wasn't loser. For A sucker if that's I, talk about our veterans, you have no business being president of the United States of America. What's being entered into the record here to take a step back and look at all the evidence about Donald Trump. Shocking. Morally offensive. It's not surprising. It's about what we have come to expect. But. One big question that keeps pulling on my shoulders. Why are we learning about this now? What does it mean that we are? For more on that and the fallout from his incredible reporting joined by Jeffrey Goldberg He's the Editor in chief of the Atlantic and I jeff, maybe I start a little bit with. The reaction to this story from the White House you. There are stories that come out all the time about the president that are fairly scandalous incredibly scandalous. And one time they said it's fake news and they swatted away or the new cycle moved on, they do seem particularly freaked out. About this reporting. An particularly intent on attacking it what what is your sort of reading of the last three or four days of their reaction? Well he's a good question. First thing I would say is that. This is not an attack on these are not reports of an attack on site immigrants or black people or or something like that we expect from Donald Trump and something that his base might actually help him with his base. This could hurt him with his with his base You know the the the second thing is I. Think there's a lot of. Nervousness in the White House and again I won't I'm not commenting on anything having to do with my sourcing or other reporter's saw sourcing Fox. Washington Post whatever. I'm you know there's a there's a deep hostility and mistrust in the White House of. Current and former generals people who lead the military. We saw that today Donald Trump did something that I. I've never seen before he attacked his own a service chiefs. He attacked his own leaders of the Armed Forces on call? Them. I mean, even in the even in this sort of an Tasma, we are twenty twenty race that's still something but I think it has to do with the fact that This is the kind of accusation that sounds believable in also goes directly to. A core constituency that Donald trump obviously needs to Keep energized come November. Yeah we we should note that there's there's been polling of of active duty servicemembers in which he's he's underwater with them There's been an interesting sort of officer enlisted split, but he's been losing ground even with a enlisted members. He's gone for a net positive nine points and Net net net negative twelve points. You can see that there. That's the latest military times pulling. You just mentioned what he said today was pretty remarkable. Briefly, sort of like channeling kind of like left anti-imperialism vis-a-vis his own service chiefs although it's completely like made up and fabricated because he. In the next breath, he's constantly bragging about how big the Pentagon budget is and how Raytheon is making off like a bandit. So but I wanNA play that clip just to get your response to it take a listen to what he said. I'm not saying that military in love with me to soldiers are the top people in the Pentagon probably aren't because they want to do nothing but fight wars so that all of those wonderful companies that make the bombs and make the planes and everything else they. Happy. But we're getting out of the endless wars you know how we're doing. But here's the thing Jeff. They're not this drives me insane the where we have expanded our footprint, we've expanded bombings all the theaters, and this is an absolute con-. This idea that the Great Antiwar Donald Trump has some revolt on his hands on the generals. As, you will know the generals are usually more hesitant to go to war than not usually often more has to go to war than than civilian leaders for some obvious reasons. No, this was remarkable i. mean he sort of channeling. Start Sixty Bob Dylan lyrics here I pointed out on a show media today it's It's quite remarkable given that tomorrow there's a pretty good chance that he'll brag about how much money he's spending on military hardware, and of course, as you know, he's deeply transactional in love it when when foreign countries by our military equipment. So if you're looking for consistency in that particular clip, you're you're looking forward it in the wrong place it doesn't make sense in any kind of traditional understanding of of politics.
In Seismic Shakeup, Dow Replaces Exxon Mobil with Salesforce
"We'll talk about an exclusive club the only members allowed into the Dow, Jones Industrial? Average. Are The thirty most stalwart icons of the American economy names like Home Depot Microsoft McDonald's Johnson and Johnson Caterpillar Goldman Sachs and until next Monday. Exxon Mobil. That's right. The Dow is throwing Exxon out not long ago such a move would have been unthinkable. The multibillion dollar oil company is the longest standing member of the Dow. It was first listed in October of nineteen. Twenty eight. The. Dow's leaders announced their choice to boot Exxon late, Monday the move is so remarkable that Bloomberg called it a stunning fall from grace for the giant oil company. Is Twenty Thirteen Exxon Mobil was the world's largest publicly traded company according to CNBC. But now in the flash of time that has been the Kobe pandemic traditional oil companies have fallen out of favor as oil revenues and profits. Sink investors are spurning energy businesses. As we've reported here. Recently, Exxon has been foundering as the green economy becomes more and more important to global consumers. Bloomberg reports that exodus is now valued at only one, hundred, eighty, billion dollars A. Drop of forty percent just since New Year's and even more sense it's half a trillion dollar valuation in two thousand seven. You could say Exxon's worth is plunged as deep as one of its offshore drills like whack-a-mole when a company is pushed off the Dow, another one jumps up to replace it. In this case the Dow kicked out three businesses, Exxon? Mobil pharmaceutical company Pfizer and Raytheon. Technologies like Exxon Raytheon is also a dow old timer it was first. Listed in nineteen, thirty, nine, swapping into those slots are salesforce dot COM tech company specializing in customer relationship management. The Dow also added Biotech Company Amgen and industrial conglomerate Honeywell International. This is the Dow's biggest shakeup in seven years, not surprisingly the share prices of the three companies joining the Dow was Tuesday for the three kicked off the island. Well, you guessed it share prices fell. There's a much bigger strategy here than simply reflecting Exxon's ill fortunes the Dow. Index of American blue chip stocks was invented by Charles Dow and ninety four, two years later down his partner Edward Jones surely you know that name publish their first list of a dozen blue chip stocks ever since the Dow has served as a benchmark the standard intended to measure the strength or weakness of the US. Stock Market for that reason, it's leaders sometimes shuffled membership in the Dow to reflect the changing makeup in value of the entire stock market. And for that matter, the entire American economy
Salesforce, Amgen, Honeywell up in premarket on news of Dow industrials shake-up
"A look at the changes that are coming to the Dow Jones industrial average because you are seeing movement in the shares that air going in and coming out. You've got Amgen up 3.5% Honeywell up 3.5% salesforce dot com Up 2.5% They're all going into the Dow industrials before Monday's open all this tied into apples for for one stock split, which will be complete by then They want to maintain technology as a percent of the index. Of course, you know, the Dow is Price waited, so Apple split will bring down the percentage of technology within the average. So they ad sales force they put in Honeywell. Ah to go Morte toward industrial away from just defense, which Raytheon Technologies represents an Amgen eyes replacing fighter. So you get a biotech element. All the
The U.S. Hypersonics Program Matures
"We're here because really in the span of a couple of weeks, our knowledge of the US hypersonic weapons program is significantly expanded and a lot of these disparate pieces that we have been tracking are falling into place. Steve. been at the forefront of reporting a lot of these developments. Can you summarize the highlights for us? Right well, just to kind of give you a a an update Eh cross the entire spectrum because it's a huge portfolio. So let's go back to March that was the last flight test hypersonic flight tests that the DOD has has carried out with that was with the blog zero common hypersonic lied body. That's the glide body that's going to be the front end for the army's long range hypersonic weapon and the Navy's intermediate range, conventional prom strike, which is summering launch missile. That was a successful flight test It was later described by president trump as a as the super duper missile We were trying to figure out what that was, but that according to CNN's reporting. That's that's what he was referring to. At the time. The Air Force meanwhile has got a couple of different programs. Ongoing one is the AGM one, eighty, three A. Rapid Response Weapon Lockheed Martin design for for both the front front end and the integration, and they did a captive carry flight tests that would appear to be pretty successful just a couple of weeks ago and they are moving that into flight test with the FRONTON actually incorporating the design from the tactical boost glide program from Darpa that was supposed to be an independent separate. Well, not quite there. They are linked that was supposed to be a separate flight test program that they've now folded that into the aero vehicle design and will continue testing that through era there. was also on the Hawk programs. That's the next set of flight tests that are supposed to be happening That's hypersonic everything weapon concepts which is basically a scream jet powered cruise missile There's a Lockheed version and Raytheon version We know back in May that the Lockheed attempted to do a captive carry test with their version of the Hawk missile but there was some kind of failure during the flight test We still don't know exactly what it, what it was but it appeared to be somewhat damaging and but since then we hit me for nothing about. where. They're going with that except for the fact that the Air Force a few weeks ago, launched a follow on program to develop an operational prototype. Jet Powered cruise missile that you know would be a follow on to the the program But in the competition Air Force basically selected three companies a couple of weeks ago to form the competitive field for the follow on Hawk missile and those three companies are Lockheed Raytheon and Boeing. Which of course, the interesting part there is Boeing locking Raytheon are heavily involved in the Arrow Program and the TV g program and Hawk program, but Boeing has been shut out. So this gives them a chance to come back into the hypersonic Arena for at one point buying of course, was the sort of champion in especially in the air breathing propulsion space with the x fifty one program, and if you go way back I'm sure guy could could chime in on on these programs would be like the space shuttle and fifteen with Boeing's legacy companies so. That kind of brings us up to speed with where we are right now.