Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day.

Today is Thursday, September 12th, and we're talking about the defense industry.

I'm your host Nick Saipel and today I'm joined by

Molly full contributor Lou Whiteman via Skype. How's it going Lou?

I'm doing good. How you doing? I'm doing well. It's been it's been since June

since we've had you on the show a A lot of things going on. Yeah, yeah.

Always a lot of things going on the stock market, uh, stock market these days,

you know, one tweet can send the market up or down, but we have seen some signs of some slowing,

particularly in the industrial market

over the past year and a half or so.

So auto sales in China have been in decline

for 14 to the past 15 months, which have caused some

trickle-down issues in Germany. We've seen slowing capital investment in the US,

machinery and trade due to trade war in the slowing economy. And then we're layering this, we work IPO, maybe failed IPO,

on top of this.

What have you been following in the market most close to these past few months?

Well, as you said, you know, we've seen warning signs internationally in the

industrials for a while now and it is starting to creep into the United States.

A lot of these industrials, they are selling big ticket goods.

Goods that need to be planned.

And as uncertainty grows, you see at least a slowdown. And I think that's what we're facing. If you look back at

second quarter earnings kind of all across the board, largely the companies did

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