Ford, Kayla Tausche this morning at post nine. First it was utx, now boeing, and now donald trump has a new target, Lockheed Martin. Speaking with Chris Wallace on fox news on sunday. We dont have that sound, but he did talk to Chris Wallace, and, of course, the tweets followed up this morning, in which he talked about the cost of the f35, the cost overruns, the amount of money he hopes to save. Bill george joins us this morning, cnbc contributor, former exxon board member. Bill, good morning to you. Carl, good to be back on the best show on cable tv. Here we are again. Do you see any pattern emerging here regarding trump and his willingness to call out individual companies . Well, this is a president who knows how to use social media, and hes going to target it. Frankly, im happy to see him going after cost overruns in the department of defense. I spent the first three years of my career back in the late 60s doing this, and im not sure we made much progress, and i think these overruns need to be looked at. Taking a lot of money away from other parts of the federal government, so im not opposed to his doing that. And hes going to use social media in the same way that john f. Kennedy used television, so i think hes pretty astute at doing that. Yep. I wouldnt want to be on the receiving end if i were Lockheed Martin or boeing or anyone else, however, so thats a tough issue that Business Executives are trying to stay under the radar on that. But for those who are unsuccessful in doing that, are you starting to develop recommendations for what investor relations, public relations, legal, all of those need to be doing in response . Well, obviously, you need to develop your ties closely with the president elects team. Right now its a transition team, but i think when he does get inaugurated, never seen a president do this much, carl, preinauguration, but i think you need to get close ties there and present your case so that his team knows that and its going to be advising him so he doesnt come after your company and try to stay below the radar screen. I notice boeing on the iran deal had a very clear story about the number of jobs that this was going to impact and add, so i think its really important you get that message out, but on the other hand, i think its good to get your house in order so hes not coming after you, too. You say weve never seen a president elect do this much preinauguration, but theres a difference between doing and tweeting. Hes tweeting a lot, but twitter is not a tool for attacking cost overruns at the department of defense. Hes actually got to follow up, work through the d. O. D. Bureaucracy, somebodys got to negotiate these deals. He looks like hes doing something, but at some point will we and the American People know if hes actually having success . Jop, you nailed it. The department of defense is a huge organization and there are people there concerned about this at the time they let the contracts and the time they negotiate them. It will be interesting to see under general mattis who is his undersecretary and does he have someone conscious about this and knows business and knows how to run a very large organization, because thats what this is, and can go after the issues. If not its going to fall on deaf ears and be a oneday p. R. Story. Bill, theres been a question of how scalable this approach of tweeting and focusing on Single Companies will be. 159 Million People in the u. S. Labor force. What do you think the material affect of saving hundreds of jobs at a time will be, and what do you think the momentum going into the Trump Presidency will be . Well, i think this is going to be have to be followed up with growth policies like an infrastructure project, like adjustment of taxes, like encouragement of companies to invest in the United States in some form of adjustment of the repatriation taxes and things like that that are hard, concrete policies that the congress can get behind the president on. And hes going to need very good people in his administration to carry those things out, or it wont happen and we wont see the growth or have the macro growth. So a few hundred jobs here, there, not going to make any difference. Right now its sending a message and deterring people not to pull jobs out, but i can tell you the longterm economics will dictate theyll either upgrade their work force or move to lower cost labor areas. Theres no getting around that with a few individual attacks. Bill, we talked to you last week when tillersons name was initially floated. Looks like were very close to getting that, his appointment to state. Two schools of thought. One is, he understands putin better than just about any other executive. The other being mcconnell on tape this morning saying russias not our friend, and do you want a state department chief who received the order of friendship. Whats your take . Well, lets clarify whats meant by friendship. Ive known Rex Tillerson for ten years, serving together on the exxon board. Hes an extraordinary individual, extremely high integrity. Hes like a rock, and the one thing, hes extremely loyal. Hes been loyal to exxon for 41 years, and if he takes on this job as secretary of state hes going to be extremely loyal to the United States. Hes not putting russia or anyone elses interest ahead. And we say friendship, i dont know rex has any personal friends in these areas, you know, ive not seen that. He has professional relationships, and thats what he did. And he knows how to negotiate and how to get things done in the middle east, in russia, in iraq, and in other parts of the world, in venezuela, very tough areas. Hes dealt in the toughest areas. So he knows the leaders, but he is a very strong, tough negotiator, who is not going to back down to anyone. Hes not going to show favoritism towards putin. He knows what hes dealing with. I think we got off on a misnomer about a personal friendship, and i think when he has his testimony in front of congress, i think everyone will see his integrity. This is a man who is an eagle scout, president of boy scouts of america, and hes carried those values with him all his life. Bill, perhaps what makes him unique is hes not a general, and hes not from goldman sachs, he is an outsider and there has been some opposition from senator mccain, senator rubio. Do you think theyll come around on him . I think they will. I think mccain will like him a lot when he sees the real person in front of him and has a chance to ask him some very tough questions, and thats the normal confirmation process. They should ask those questions. The thing he lacks is government experience, so i think the thing youre going to have to do here is team him up, like i was saying about defense, you need to team him up with a very astute Foreign Policy expert. Let me give you a couple examples. If i think of somebody like richard haas, who used to work with colin powell in state back in the bush administration, whos currently head of the council on foreign relations, or somebody like bob zellic, who was special trade representative who knows everyone in the world, as well. These are kind of inside players, so team the outside player with the inside player and i think you have a very strong approach at state to get things done. And rex knows how to run a big organization. Can we call the ceo of exxon an outsider, though . Yeah, he is. I tell you, hes not political, hes conservative, but he is not ideological. And ive never seen that in him. He just is representing the best interests here. I think he is an outsider. And i think i never thought he would take a job like this, hes so loyal to the country. The timing is perfect, by the way. He turns 65 in the First Quarter of 2017, so hell be retiring from exxon anyway, and so this is good timing, and good for him for stepping up to the country, assuming that he gets offered the job. You know, and he takes it. I think there have been a few surprises in terms of cabinet appointments from executives who you never thought would go to government, who appear to be at least leaning that way, bill. We hope to talk with you about it again. Have a good one. Okay. Thanks a lot, carl, appreciate it. Thanks for having me on the show. Turning to markets this morning, the dow and s p have yet another record high, oil surging above 53 a barrel. Lets bring in cofounder Roger Mcnamee who joins us here this morning. Good to see you. Great to be back in the big city. These shorts, are they getting murdered, and do you expect them to continue in the year end . Lets face it, the election turned the markets on its head, so you had groups like energy, like banks that were deeply out of favor going into the election with high degrees of conviction about what was going to happen. Suddenly we get literally the opposite thing, and, you know, to me where this ends is anybodys guess. Whats clear is that we have a classic situation of more buyers than sellers, and a rotation within the market. And how far it goes, i have no idea. What i know is that today is john fords 40th birthday, and as a consequence, we have something to celebrate, even if youre short stocks. Record highs. Indeed. How do you protect yourself in an environment like this . And thank you for the birthday wishes. When things have switched so quickly, people seem to know what the president elect is going to do when he gets into office. Weve got a Republican Congress thats in place. Tech ceos meeting with trump. We have no idea what they are going to ask for and what hes going to say. John, my assumption is the only things as an investor we can count on are the things you would expect a Republican Congress to do when they have a republican president , which is to say they are going to cut taxes, they are going to attempt to change entitlements pretty dramatical dramatically, and those things, i think, are going to the cutting of taxes in particular, is going to be very bullish for financial assets. I do not expect the administration to be particularly successful in persuading companies to invest capital in the country. Weve had a long period of time where companies have been reluctant to spend a lot on Capital Spending where the country itself has been reluctant to do infrastructure, so im not expecting that to happen. The result is, all the money goes into the stock market or financial markets, so i expect stocks to be a relative beneficiary of this change until the economy runs out of gas, which could happen any time. Are you going to play in that game, having been cautious for much of the past year . I have to be honest with you, carl, im trying to figure out which way is up. In my world, which is technology, again, i dont invest broadly in the market, i invest in technology, i think theres a tremendous amount of uncertainty, and i think there is in the tech sector a few bright lights. Im a big fan of amazon, been a big fan of facebook, and i continue to hold some apple, because i think its a good value, but realistically, im reassessing everything, because i do think that the position of growth and the position of technology in our economy is less certain today than its been in a couple of generations. Dont go anywhere. You mention amazon and we are getting news this morning the president elect is holding the high profile meeting later this week with key Silicon Valley executives, including jeff bezos. Deidre . Thats right, carl. Just is this morning a source close to the matter confirmed jeff bezos will be participating in that round table. Others expected to attend include some of the other biggest names in tech, including apples tim cook, alphabets larry page, and facebooks sheryl sandberg. Allstar lineup. Bezos was a question mark because of the public spat between him and trump during the campaign. Much of Silicon Valley say peter thiel was broadly opposed to trump during the campaign, this week will be the first chance for the tech sector to get an indication how the Trump Administration might work on immigration, information security, taxes, trade, and diversity. The meetings agenda, as well as timing and location, are still unclear, and another source over the weekend tells me its not even clear that trump himself attends. He says that its likely to be a reince priebus, jared kushner, and peter thiel with mostly older tech names. I can also confirm ubers ceo was invited, though he will not be attending. Carl . Deidre, thank you very much for that. You want to be a fly on the wall, too . I dont know whats going to happen in that meeting. So many of these things that have been going on in the transition have been more for show than for substance. Better than the alternative of no meeting. Well, i agree with that, i agree with that, but its not at all clear what they have to discuss, because until there is a direction, its really hard to know. I mean, i look at the things with china. If youre a technology company, the Current Situation with china throws your entire planning process into confusion. And, you know, if they can resolve that kind of stuff, that will be huge progress. If they cant, i think its really hard to be a tech ceo right now. When you think about other companies priorities for the administration, health care, financials, roll back of regulation, beyond china you would think what tech really wants is immigration reform, but how likely do you think what tech wants is even possible out of a Trump Administration . Kayla, i think its a really good point. I think the other thing tech wants is stability, the same thing the market wants long term, which is a consistent set of rules that it can operate under, and i think the thing we have going on right now is serious inconsistency, particularly with respect to our relationships with trade, and tech is so dependent on foreign manufacturing and also foreign markets, that i just think that uncertainty is challenging. I dont know that it ends badly. It might end perfectly well, but from where we sit right now, the uncertainty is unlike anything thats happened in the 34 years ive been doing this. Absolutely. While weve been talking, were getting breaking news on a subject that is Lockheed Martin, a statement this time from the company. Morgan brennan has that at hq. Thats right, on the heels of president elects Donald Trumps tweet this morning about the f35 program and specifically how expensive, how costly it is and the issues there, we have a response from Lockheed Martin, which is the company that supplies that weapons system saying, at the israeli f35 delivery ceremony that is taking place as we speak there right now, an executive saying that they welcome the opportunity to address any questions the president elect has about the program, that its an amazing program. Also that Lockheed Martin has invested hundreds of millions of dollars to reduce the price of the airplane by more than 70 . We project the price, Lockheed Martin says, of the aircraft will be 85 million in the 20192020 time frame. At that price, this would be the most the least expensive of any fourth generation fighter jet in the world. Also lockheeds executive saying we understand the importance of affordability and thats what the f35 have been about. Shares are down about 4 , as are some of their suppliers, including north run grum fund, so, again, getting response from Lockheed Martin on the heels of that tweet from the president elect earlier today. Guys . Yes, utx getting a two for one in this case, morgan, thank you very much for that. We talked with bill george about this, but do you have final thoughts on this . My one observation is there are plenty of places in the Defense Budget where cuts would not only be appropriate, but, frankly, necessary. And the issue with the f35, i think, as much as the cost has been the fact that it hasnt met the Mission Requirements that the services have looked for, and it seems to me that when the customer for a military system doesnt want the product, thats a pretty good indicator that maybe thats a place you can do constructive work. Right. Roger, good to see you. Great to be here. John, have a happy birthday. Thanks, roger, appreciate it. When we come back, more on the mornings not so private negotiations between trump and corporate america. The ceo of borg warner joins us. Plus, viacom is walking away from a deal with cbs. Well weigh in. And later, microsoft announcing the new fund dedicated to a. I. Well have the ceo of its First Investment in a moment. Sometimes when brushing my gums bleed. No big deal. But my hygienist said, it is a big deal. Go pro with Crest Pro Health gum protection. It helps prevent gum bleeding by targeting harmful bacteria on your gums. Left untreated, these symptoms could lead to more Serious Problems including tooth loss. Gum crisis averted. Generosity is its oyou can handle being a mom for half an hour. Im in all the way. Is that understood . I dont know what shes up to, but its not good. Cant the world be my noodles and butter . Get your mind out of the gutter. Mornings are for coffee and contemplation. That was a really profound observation. You got a mean case of the detox blues. Dont start a war you know youre going to lose. Finally you can now find all of netflix in the same place as all your other entertainment. On xfinity x1. Global auto parts supplier borg warner, is the ceo concerned with trumps comments on production in mexico . Joining us in a first on cnbc interview is james verrier, borg warner ceo, phil, take it away. Thank you, kayla, and james, thank you for joining us here today. Were going to talk more specifically about borg warner in just a bit, but you mentioned the last time you were here stock went down. Youre down a little today, but overall when you look at the market and the rally since the election, what do you think . I think its pretty good at the moment. The rally has been go