but lockheed martin officials said in their statement, they were under the impression that pilot was safe. all nacho fries may soon become a taco bell menu staple. the fries have been on and off offering since 2018. but and a cnn report says the chain ceo wants them offered all the time telling investors this week that people that go to lunch, want to have french fries when they debuted in 2018 nacho fries were the best selling product launch and taco bell history. and if you've ever been to taco bell competitor del taco, you know that their fries have long been on their menu. never had that mass. i've never had this, but it does make sense. you know, so people like talking to people what they want rise. supposed to sell tacos. get my fries from chick fil a waffle fries. we still have that bear story coming up. also coming up a house divided the new bombshells being dropped by harry and megan against the royal family in the final parts of their netflix series, and later the bear that was caught red handed red pod stealing a chick filet order right off of families front porch watching

you just yesterday announced the relationship with lockheed martin for the u.s.bat systems. not to mention you've been working on a partnership with ferrari for the grand prix. these are fascinating actionable profitable events that you could actually put together to make the company a lot of money and it must be frustrating when you look at the stock, which obviously, like every data stock has really gotten hammered. how do you get the world and wall street to see that this is a company that is in it for the long term and is going to improve this picture. you're down 61% year-over-year. it's great to see what 5% today, but how do you sort of wrap your arms around that problem? >> well, eye had the great fortune of being at palantir for 17 years and over that time we focused on making software more and more value, whether it's the kill chain in lockheed martin or the supply chain with tyson foods that there are no missing links and that we are delivering day-over-day and we had a customer conference in palo alto where tyson foods was talking about how they got $2

acquiring aerojet rocketdyne if you thought this company was once going to be acquired, you're right lockheed martin deal to acquire it until it was opposed by the ftc it was february of this year when in fact they terminated that deal. that is lockheed, all sorts of tumult on aerojet rocketdyne's board. there was some real drama. at the end of the day, they come back with another deal here. $58 a share in cash and they expect to close in 2023. i would note in the press release itself to those who might worry, even though the concerns here on regulatory are not high, they say, jim, we have heard the dod leadership loud and clear. they want high quality, innovative, and cost-effective solutions to meet both current and emerging threats and they're relying on a strong competitive industrial base to deliver those solutions. >> i think he is a very smart guy. i'm not in the military nor am i on the ftc or part of the a antitrust outfit >> just a guy on tv who wears a nice tie >> thank you good luck. good luck destroying your stock and also doing a deal that was already rejected >> wow >> there's no -- w

i have a price target on boeing to 210, but i think i would rather own lockheed martin lockheed martin is all focused on defense, where boeing is only 50%. it's about a 45% dispersion. we are overallocated to lockheed martin but boeing, we do like it here defense stocks have been a bright spot this here. if anything, you're reminding us that boeing's defense exposure may be one of the things that's helping us right now in what's otherwise been a tough take. helane, normally, you would think, if we're going into a recession, that would favor the discount carriers, maybe consumers are a little more price sensitive, maybe even businesses but right now, that's where we have the biggest questions about nuts and bolts operations. look at jetblue, even spirit what would you do? i think jeff, you would be top tier as well what do you with the rest of the field? >> we downgraded -- actually, we downgraded jetblue and allegian and don't have a buy on spirit on the cost side of the equation, rather, cost percent change basis, their costs are going up much faster that those of united and delta and

lockheed martin, which makes the plane, is investigating the cause of the wreck. earlier this year, an investigation into the military's fleet of f-35s found at least one ejection seat had a defective part. >>> britain's prince harry is launching some of his most personal accusations so far in the new docu-series harry and meghan, including criticism of his brother, prince william. in the latest episodes released today, his wife, meghan markle, recounts the mental toll she suffered from the british press. we get details from cbs's ramy inocencio in london. >> reporter: prince harry accused prince william of lashing out at him. >> it was terrifying to have my brother scream and shout at me and my father say things that simply weren't true. >> reporter: this in 2020, after he announced he and meghan would step back from royal duties. the pair also allege the palace plotted with the press to leak and lie. >> it's a dirty game. to see my brother's office copy the very same thing that we promised the two of us would never, ever do, that was heartbreaking. >> reporter:

s. government has wanted a $1000000000.00 contract to lockheed martin to produce parts and components for f $35.00 fighter jets. earlier this month, the company received the contract for over $430000000.00 to deliver a new high mobility artillery rocket system. a weapon system that the u. s. has sent to ukraine. massive strikes have disrupted ends of the year travel in the u. k . and france rail workers in both countries of walked out to support their demand for higher wages. in the u. k. airport workers were already bogging down travel times by striking more public sector employees have been walking off the job in recent days. well, if you turn on, the local news here in germany are likely to seat reports on gas reserve levels. that is the combined amount of gas held in various underground reserves around the nation compared to their capacity. it's not especially riveting coverage, but for many businesses it's a vast importance. should gas levels fall to fast say after especially cold temperatures, their gas could then be turned off as a rationing measure. and some firms don't have a

stuart: why do you still like lockheed martin?pushing that stock for a long time and its done very well. you think it's going higher, still? >> i think its got a little more on the upside and here is why. allies have got to replenish all of the lockheed martin made material that's been sent to ukraine. the high mobility air rocket system is a $400 million contract, just one example, so i think that stock has a little upside. the biden administration isn't helping much, the world is a dangerous place. stuart: jpmorgan is another one on your list. you like them. where is it going? >> i do. remember what happened back in the global financial crisis? that was the only bank that didn't require a government bail out. i think if there's a recession on the horizon, this bank is going to continue to rise to the top because jamie jamie dimon is still at the helm. stuart: i've not been following jpmorgan. how are they doing? >> not particularly. it's up but it's just kind of chugging along, building a base. i'm more interested in the dividen

movers, start with lockheed martin. up again.ren: reports that germany approved a $10.5 billion purchase of 35 fighter jets from lockheed martin that be a major policy shift for germany and it's happening after obviously 10 months now with the invasion of ukraine. stuart: next one is pfizer. they are going up again. they have a connection with china. lauren: well china has approved paxloviz, there's tons of covid in china. its been approved since february and used mostly in the hospitals but some of the healthcare companies are now selling it online for about $425 a box. stuart: whoa. lauren: if you submit a positive test result so they need it, they have it and now they are selling it outside the hospitals stuart: that's way above what we charge here. lauren: yes. >> but you don't need a prescription. lauren: you do here for it. stuart: so that cuts down on the number of people who feel ill and go to the hospital. lauren: uh-huh. stuart: if you can just get your paxlovid -- lauren: i'm not sure beijing is okay this is happening

lockheed martin says the pilot successfully ejected, parachuting to the ground. but no word on the pilot's condition tonight or what may have caused the incident. >>> to our series, "the future of the road" and a potential game changer for people who aren't sold on the driving range of electric vehicles what if you didn't need to worry so much about charging stations? kelly cobiella with a prototype powered by the sun >> reporter: a car that charges itself that's the claim of sono motors, the company behind this four-door, all-electric hatchback still awaiting government approval but full of potential. look closely and you can see the brick-shaped solar panels built into the doors, hood, roof, and trunk feeding the massive battery below. all for just $25,000 >> all right, you ready? >> yeah, i'm ready >> reporter: company cofounder jonah christians took me for a test drive in munich where sono motors is based. >> it's charging even though it's a cloudy day. >> reporter: christian says the panels can add on average 70 miles a week or 3,600 miles of driving range a

more on the company that beat out lockheed martin and boeing this morning. >>> is china's zero covidunmitigated disaster we'll discuss that with the man himself, stephen roach. >>> coke and disney, carolyn aberson will join us with outlook on meta. a huge show ahead. go, go, go. sorry. nope. okay. fresh donuts - hot coffee! they deliver real time data and business forecasts when you need it. i think it was fine how it was. (air tool sound) to help you stay ahead of the curve... or you could use workday. the finance, hr and planning system that helps cfos make better decisions faster. on the other hand, we had a great fourth quarter. for a accelerate your decision-making world. workday. for a changing world. with powerful, easy-to-use tools power e*trade makes complex trading easier react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity you want to see something cool? th xfinity rewards is how we, go beyond saying thanks. so we're going to spread the joy this holiday season, the xfinity w

the cost overruns of the lockheed martin and 35 fighter jet, the pentagon's most expensive weapons system, will cost another $236 million to upgrade the cockpit computer that almost doubles the size of the original contract. first, the overrun is compared to the overall cost of the f-35 program. it added up last year from $968 billion to $412 billion. bloomberg has learned that tesla will suspend output in stages added shanghai factory later this month. a suspension will last until early january. tesla is operating its production lines and faces slowing consumer demand. global news, 24 hours a day on-air on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. amber: i am amber, in for jon erlichman. welcome to bloomberg markets. tim: i am tim stenovec. we are seeing a choppy day of trading at the s&p 500, down fractionally with tech stocks outperform, higher by .1%. the russell 2000 small caps under pressure right now. investors now are dealing with conflicting economic data, hotter than expected ppi and

so as long as lockheed martin is in your district or martin marietta, honeywell or bowinger, in these other large military main factors that are making billions of dollars, hand over fist autism supply weapons to ukraine, that they will make billions of dollars, hand over fist to restart the supply weapons that are being, it's live in the ukraine. that is why you're thing to was bipartisan support because of the end of the day, the military industrial complex, and the most powerful lobby washington d. c. ok, let's move on. now. india has insisted it can conduct military exercises with the u . s. near a disputed part of its border with china. that is despite concerns from beijing, new delhi, in reply to that says, no 3rd country can dictate who partners with the chinese side needs to reflect on. think about it, solid breach of the agreements of 1993 and 99. you 6 exercises with whoever he chooses and it does not give a veto to 3rd countries on these issues. firstly, let me point out that these military exercises of military drills between india and the u. s. are nothing new and these a

as we arrived on scene, the ntsb now investigating aerospace company, lockheed martin, responding, saying the pilot ejected successfully. safety is our priority, and we will follow appropriate investigation protocol. it could happen at any time anyway. face any pilot any jet. just today and i was recording. our thanks to our dallas station w f a. there was no word overnight on the condition of the pilot controversy at twitter. elon musk has suspended the accounts of six journalists. it comes after the country company changed its policy on sharing people's lives. locations must claims that recently put his family in danger. this suspended reporters were covering that new ban on location sharing. must view their reporting as a violation of the policy. cnn says this suspension of its reporter was unjustified. and the washington post says reporter drew harwell was banished without warning process or explanation following the publication of accurate reporting about musk or journalists should be reinstated immediately. study is raising concern about the health of dark chocolate, according to co

become extremely important for the ukrainian army. manufactured by the american defense company lockheed martin the package, 155 mm shells for western howitzers, humvee military vehicles and generators were sent to the russian invasion of ukraine . expert of the ukrainian institute of the future ivan stupak congratulations, you have already read the list of e-aid, what is in the new package, how far does it correspond to what ukraine is asking for, so take a look he really answers, because all these lists are really agreed upon first of all with our military leadership, then it is submitted as a request to our western partners, and there the western partners already determine what they can provide at the present moment, and here, first of all, we are really interested in ammunition for artillery systems so that the russians could be covered in their positions. and of course, the glory of their imax munitions is an extremely big headache for the entire russian army, for shoigu and for putin personally, if you pay attention, the russian military command has already reported that it has destroyed

the jet owned by lockheed martin, it has not yet been delivered to the u.s. navy. >>> when we come back -- the news tonight on thousands of jfk files. could make it hard for her. now i'm staying ahead of it. dupixent helps heal your skin from within. so they can have clearer skin and less itch. serious allergic reactions can occur that can be severe. tell your doctor about new or worsening eye problems such as eye pain or vision changes including blurred vision, joint aches and pain, or a parasitic infection. don't change or stop asthma medicines without talking to your doctor. ask your doctor about dupixent. research shows people remember commercials without talking to your doctor. with nostalgia. so to help you remember that liberty mutual customizes your home insurance, here's one that'll really take you back. wow! what'd you get, ryan? it's customized home insurance from liberty mutual!!! what does it do, bud? it customizes our home insurance so we only pay for what we need! and what did you get, mike? i got a bike. ♪ only pay for what you need. ♪ liberty

lockheed martin, which makes the plane, is investigating the instigation into the military's fleet of f-35s found at least one ejection seat had a defective part. britain's prince harry is launching some of his most personal accusations so far in the new docuseries "harry & meghan," including criticism of his brother, prince william, in the latest episodes released today, his wife, meghan markle, recounts the mental toll she suffered from the british press. we get details from cbs' ramy inocencio in london. >> reporter: prince harry accused prince william of lashing out at him. >> it was terrifying to have my brother scream and shout at me, and my father say things that just simply weren't true. >> reporter: this, in 2020, after he announced he and meghan would step back from royal duties. the pair also allege the palace plotted with the press to leak and lie. >> it's a dirty game. to see my brother's office copy the very same thing that we promised the two of us would never, ever do, that was heartbreaking. >> reporter: meghan further claiming the negative media frenzy whipped up dea

so as long as lockheed martin is in your district or martin marietta, honeywell or bowinger, is of a large military main factors that are making billions of dollars, hand over fist. i'll just supply weapons to ukraine, that they will make billions of dollars, hand over fist to restart the supply weapons that are being with in the ukraine. that is why you're thing to with bipartisan support, because at the end of the day, the military industrial complex and the most powerful lobby was cnbc. the e is threatening ellen musk with a twitter bob. the new owner has been told his platform may be booted from the block if it doesn't comply with brussels laws. i welcome milan. musk statements of intent to get to which a 2 point oh, ready for the a you digital services act. but also be clear that there is still a huge walk ahead. twitter will have to implement transparent use of policies, significantly reinforced content, moderation, and protect freedom of speech, tackled dis, information and resolve and limit targeted advertising. now the you pass legislation this year for so named centralized

so as long as lockheed martin is in your district or martin marietta, honeywell or bowinger, is these of a large military main factors that are making billions of dollars, hand over fist. i'll just open supply weapons to ukraine, that they will make billions of dollars handle. we're 5th, to restart the supply weapons that are being with in the ukraine. that is why you're thing for with bipartisan support because of the end of the day, the military industrial complex is the most powerful lobby, washington dc. now it may be approaching the festive season, but there looks to be little joy ahead for dutch farmers. the government there is planning to shutter 3000 farms to fall in line with an e. u. environmental mandate to cut down and c o 2 emissions. well, this is the reaction. farmers brought their machinery to the streets to at protest that dictates government officials. i put a set of choices on the table, either drastically reduce emissions, relocate or cease operations. they say farms will be forced to be sold and leap along to follow if the reduced emission goals are not meant. but

to pay for mcmansions for lockheed martin and raytheon executives, the patriot battery. i mean, they're happy to give them that won't do anything. but you know, it's a kick back scheme for the donors to the members of congress who are clapping like it see world for zalinski. and then you can just see, even in this crowd of ukrainians, going into the capital, the the, the, the, the, the role of ukraine as kind of an american vassal. when i with the woman that you heard sniping back at me was natalie ger esco who actually wasn't adviser to the post my don hunter government. she was given ukrainian citizenship the same way. i mikhail such really was just to help the us control that government and now she's back here to cheer for zalinski. she also spent some time privatizing puerto rico's economy on the progress of board. so that's who these people are. there's a lot of corruption there and zalinski is going a little too far for them. i think. and there are dark forces lurking behind him, were waiting for him to slip up. we should remember the tale of d. m. the south vietna

we know that a large portion of that stays within the us and goes through the likes of lockheed martin and raytheon, who are some of the primary benefactors of this ongoing effort to prolong this unnecessary of suffering down in that on bus region. as to what extent is the us now i direct party to the military conflicts in your eyes, and how do you think russia could oh, should respond to my in my personal opinion. and it is us, is the primary shot color, not just with regards to the, the conflict itself, and the, supplying and arming and overseeing and orchestrating numerous, numerous actions. but also we see in the political and geo political field of bullying, european union members to join such as poland trees, who have no business in this, this conflict at all. and what do you make of washington's continued denial of taking a direct, personal conflict? what's in it for them? i think in many westerns like me, no longer, i no longer believe the word that has been said is, as we kind of highlighted in just the previous conversation there, how they'll disprove themselves on a long eno

so as long as lockheed martin is in your district or martin marietta, honeywell, or bowinger in these of a large military main factors that are making billions of dollars, hand over fist autism supply weapons to ukraine. they will make billions of dollars handle. we're 5th to restart the supply weapons that are being explained in the ukraine. that is why you're seeing. so was bipartisan support because at the end of the day, the military industrial complex and the most powerful lobby, washington d. c. is a very the final is about the money. let's go back a little back to the strikes and these railway weather now with the pay to leave wasn't given the 7 days they were, which is i didn't think is on me though, but with the concession from the government is this lightning to push the unions over the edge or we like thing to see a strike. i think he will of because the union can simply put, can not allow themselves to be pushed into a corner. and if they ask for 15 days or sickly will to the very reasonable amount for the dangerous and the job of being a railway worker. you know, these ar

so as long as lockheed martin is in your district or martin marietta, honeywell, or bowinger in these of a large military main factors that are making billions of dollars, hand over fist out to supply supply weapons to ukraine, that they will make billions of dollars handle. we're 5th to restart the supply weapons that are being split in the ukraine. that is why you're seeing some of bipartisan support because at the end of the day, the military industrial complex and the most powerful lobby wants you to see a major european take. manufacturer says the u. s. has allies, a band sales of more computer chip production equipment to china, bicycle into ease, 2nd largest semiconductor equipment maker, a s m. i. the u. s. is putting a lot of pressure to make sure that the dutch government and the japanese government followers. well, d, u. s. government is hoping that this is going to be a multilateral thing going forward because they need to stop everybody from selling high and tools to china. having successfully pressured europe into breaking off from its chief russian energy supply to the

so as long as lockheed martin is in your district or martin marietta, honeywell, or bowinger in these of a large military main factors that are making billions of dollars, hand over fist artist will supply weapons to ukraine, that they will make billions of dollars hand over fist to restart the supply weapons that are being it with in the ukraine. that is why you're thing to, with bipartisan support, because at the end of the day, the military industrial complex and the most powerful lobby washing b. c. india has insisted. 8 can conduct meant exercises with the us near disputed part of its border with china despite concern from beijing needed. he says, no, said country can dictate who it will. partner with the chinese site needs to reflect and think about its own breach of the agreements of 993 and 9096 in the exercises with whoever chooses and it does not give a veto to 3rd countries on these issues that live now to our india correspondent london, sharla herndon. good to see what's going on here. why are these tensions originals behind them? the 1st thing, let me point out that these

buying aerojet for $4.7 billion this is the last independentmaker of jet propulsion systems after lockheed martin pulled out of the bid after anti-trust regulators sued in january to block it contessa >> thank you, silvana. >>> the major averages posting back-to-back weekly losses for the first time since late september. investors heard more hawkish talk from the fed and interest rates to remain higher for longer taking a look again at the -- i want to look at the ten-year yield which now sits at 3.524% let's bring in rick picarin, the chief financial officer at picarin. rick, can you tell us what the markets are expecting heading into this slower week before christmas, but a few years ago, we saw a christmas eve plummet where do we stand in the last few trading days of the year >> good morning, contessa. the markets were looking for a christmas rally. jay powell brought them a goal last week of the i don't think the market will move a lot in the next two weeks the voinvestors need to focus on the economy and rates and what this means as we roll into 2023. >> and p with right now the expectation

in a recent letter to congress, 178 companies, including intel and lockheed martin and service now saysis harmful policy will mean less innovation and impair america's competition position. companies are pushing to preserve fuel investment which is starting to phase out next year and keep a generous formula for net interest deductions. this hinges on two things. democrats want changes of their own. namely reinstating all or part of the enhanced child tax credit that expired last year second, any tax package will be folded in the bigger spending bill republicans and democrats are hammering that out it is not clear they will reach a compromise the change to the deduction is costing them $29 billion and could impact tens of thousands of jobs every year back to you. >> ylan, if the tax changes don't pass by the end of the year, what happens >> reporter: businesses will have to pay more money already we are seeing businesses feeling the pinch because they pay taxes on the quarterly estimated basis. they are already paying for that money this year. lobbyists will continue to push for it the i

. >> two cases alone caused companies to drop their pursuits of mergers, lockheed martin and nvidia activision's wrote employees yesterday saying he's confident the deal will close. while the ftc appears unfazed by recent challenges the companies seem unfazed also. >> to what point does this signal a cautious ftc and companies should expect a fight even if the ftc isn't sure it could win. >> like you heard from chair lina khan and she and canter have told congress, it doesn't matter if they win some of the cases just the threat of litigation, how costly, uncertain it is for some of these companies can cause them to walk away for some of the deals, they praised their team for the work in that regard and said that outcome is a success >> i wonder if once companies figure out maybe they're bluffing they won't walk away as easily kayla, thank you >>> walmart entering the buy now pay later space. the information reporting the retailer is planning to launch its own installment loan service through its strategic partnership with rivet capitol that stock is down about a 'rbeig bk.is morning wee rhtac >>

, so i also want to congratulate orion's program and all of the people that are part of that, lockheed martin as well as the glenn research support center as well as our great engineering team, as well as our teams that support our systems engineering and integration that help with the beginning plans that were part of making all of this possible. and then, the testing being done and has been done. i also want to thank our teams out of white sands that continue to do testing for orion. this mission is a great success for us. this tells us this spacecraft has everything it needs, so now we are going to finish outfitting it so we can put humans on board on artemis 2. for us, that is a big deal because we will put astronauts on board. we are looking forward to that. i want to say congratulations to the entire team. >> thanks, vanessa. next, we have janet joining us from kennedy. >> good afternoon. it is really great to be here with you all today. kennedy space center was there at the very beginning of this journey with charlie blackwell as the launch director. here we are at the end of the missi

when it gets to investing, not trading, i'm staying on the defense contractors and long on lockheed martin, raytheon, general dynamics, boeing and three and six month t bills and high percentage of portfolio in sash going into the next year and you might as well make four% on it. kelly: yeah, cash is king. before i bring in scott, i want to follow up quickly, amd, advanced micro-devices and seen head winds with the semiconductor industry and we've got more we expected and why amd? >> okay, i don't think this is a home run right off the bat. i am in my position building stain. i'm down to about 20% of where i was last year at this time and i expect to be building this position throughout the first half of the year. when we get to the second half of the year. we're hopefully maybe china is contributing to the world gdp and top and bottom lines and maybe potential for peace? eastern europe and maybe setting up for something better than what i see in the first half in the second half, which is when i think the semis come alive and amd is my favorite semis. kelly: scott, black to santa claus ra

. >>> lockheed martin is protesting the army decision to award an $80 billion report for a fleet of helicopters. >>> and shares of cal-maine foods stock falls on the increased production costs >>> and finally, starbucks announcing the update to the loyalty program in february. changing how many stars are needed to redeem items for free. >>> let's get a check of futures as we gear up for the second to last trading day right now, dow futures pointing to gains 45 points. s&p up 12. nasdaq up by 77 joining me now is scott ladner scott, this has been a rough 202. is there anything to look forward to in 2023 >> dom, thanks for having me as a matter of fact, we think there is it will not feel like it for the first couple months. we think by the time we get to the second quarter and second half especially, there will be a lot of tailwinds on the back of the market most of the things are h headwinds. inflation and china and the russian invasion of ukraine. by the time we get to the summer, that should bring on a boost after a rocky first quarter. >> that is an ooptimistic viewpt scott. there are no sign

lockheed martin is up 37%. raytheon is up 16%. meanwhile, the s&p 500 is down 20%. nasdaq down 35%.y the military-industrial complex, whether it's here in this country or in russia or japan or germany or elsewhere, why they have a vested interest in remaining in a constant state of war. they all make money. with greater profits comes more power and influence over politicians and leaders. meanwhile, the needs of everyday citizens here in the united states and in every other country around the world are being neglected. their resources being sucked d dry. aaron is joining us, he is with the gray zone, aaron, you have done and do such incredible work and speaking the truth about the cost of war. something that as you know very well is too often measured only in the sense of how many lives have been lost. do we have boots on the ground? but there are other costs of war that impact the people they go go -- that go far beyond that. can you tell us what you are saying? >> thur there's a reason why the weapons companies stocks are up. a recent dinner held by the ukrainian government in wash

ukraine has urgently sought the system produced by raytheon and lockheed martin to counter a barragessian missiles have targeted its energy infrastructure. ukraine's prime minister says the country's gdp will fall by between 3% and 9% next year if russia continues strikes on its energy infrastructure. >> on june 1 of this year, the cost of all damages was $350 billion. now, the vice president of world bank estimates damages and all losses in the amount of about $700 billion. >> opec has reduced estimates for the amount of crude the group will need to pump in the coming months. it now expects its 13 members will need to provide an average of just under $29 million -- 29 million barrels per day in the first-quarter of next year, only slightly more than was pumped in november following a slump in crude prices last week on concerns over week consumption. elon musk has been displaced as the world's richest person by bernard arno who owns almost 50% of lvmh. according to the bloomberg billionaires index, musk has seen his fortunes tumble by more than $100 billion since january. the tesla a

it's one of those rare stocks like lockheed martin, which we've talk add lot about and another -- talked about and another dividend stock like ibm hugging near the top of the page over the past 52 weeks and we can't say that about too many stocks and rathion pulled back a little bit here and it's a good entry point. stu: what does rathion do in the defense industry and what weapons do that produce? >> well, they are one of the bil aerospace, a lot of antimissile technology and they do a lot of the airborne-type of stuff more so than a manned aircraft, stuart. stu: i'll take that. dow up about 100 points premarket and is this a year-end rally? >> i believe that's what we're looking at and i know adam talked about it earlier, stuart, and we see that the second half of december, if we look back 70 years on average, the first half of december is kind of flat, but the second half of december is where we see really strong move up on average as seasonal bump and, you know, we can call it a santa claus rally, i like that and i think we'll have very good retail numbers coming in this year, a bit

we're looking for a period of long remilitarization the second best performing was my favorite, lockheed martin35%. this is another defense contractor that's become surprisingly controversial after going higher this year in the spring, lockheed trended lower throughout the summer and early fall we saw a bunch of downgrades with analysts arguing that all the good news from ukraine was baked in but then the company reported a strong quarter in mid october, couple $14 billion buy back and the stock caught fire surging to a new all-time high a couple weeks ago that buy back surprised people we're seeing the negativity creep back into the picture again. this time morgan stanley downgraded yesterday from buy to hold as they raised the price target substantially my view, look, lockheed took a legitimate hit last week losing a key army helicopter textron but this is a great defense contractor with leadership huge programs think the f-35 fighter all sorts of missiles including the javelins doing such good work in ukraine. while there is definitely less upside than there used to be here because of 36% ru

have done well this year i think they will continue to do well, raytheon, general dynamics , lockheed martinin the space investors have to consider. look they they are up between 25 % and 40% this year and now going into the new year there's new focus with republicans in charge of the house, there's more talk about defense spending and we have a trillion dollar budget so those are names you have to at least start looking at and add to your shopping list on the other side i still remain overweight in the stuff that people need categories, right so it's consumer staples, it's energy, it's utilities, and so i think and healthcare, right? so johnson & johnson, merck, big tech again, ibm and microsoft are going to do well. ibm had a fantastic year this year. it's one of my favorites and i think ibm is going to be one of those names you look at next year as well. lauren: kenny, thank you. coming up remember this scene in one of the best christmas comedy ies? >> what are you looking at? >> oh, a winter's mourn, in bathroom emptying a chemical toilet into my sewer. lauren: i think something seriousl

lockheed martin, raytheon, general dynamics all performed very well this year.hey're all up on the year. i think they will continue to perform well in the new year. lauren: we have a guest coming up who says oil is definitely going back to triple digits. >> yep. lauren: kenny, good to see you. happy new year, kenny. >> happy new year to you as well. lauren: go to tjm institutional director, jim iurio. jim good to see you. you're a ray of sunshine, you think the worst part of the selloff is actually over. why is that? >> i do. think of the way 2022 played out. when we started we measure corrections in bear markets not just in depth but in time. when we started out speculative positioning at the high. we're down a year later. we're down 20%. we don't have that again. next leg lower i'm not sure will happen, triggered by multiple compression when recession comes in. when the recession comes in, the fed changes its tune, making money easier again and markets like that. what is missing big market positioning that could push it down further. i'm more comfortable now t

the remaining 18 promised have yet to be produced by lockheed martin and could take years to deliver.e are the nay sems, advanced air defense systems that help ukraine shoot down 60 out of 70 incoming missiles on monday. but they take two years for raytheon to make. >> the pentagon says it's not worried. we have actually pushed $6 billion worth of contracts out to industry to help us with replenishment. >> to get more nads from ukraine asked allies for theirs with replace them in two years once the contractor can produce more. bret? >> bret: jennifer griffin at the pentagon. jennifer, thank you. chinese president xi jinping has began a visit to saudi arabia. marks china's biggest diplomatic initiative in the arab world to date. china is the planet's top energy consumer as a major trade partner of gulf oil and gas producers. the white house says xi's visit is a chinese attempts to exert influence and this would not change u.s. policy towards the middle east. up next, working from home can be great for your bottom line but what does it do to the local economy? we will take a look at one

. >> we're getting a look inside orion in real time at the mission control center and lockheed martins. >> this is video from inside orion's cabin as it orbits the moon, and it's giving the power of amazon's alexa and webex. >> oh, my gosh. absolutely uncredible. >> we are talking to orion in space. >> alexa, how fast is orion going? >> orion's current relative vels onity to earth is 4,747 miles per hour. we ask alexa important questions about orion just as astronauts would do on future missions. >> alexa, what is the atmosphere like inside orion. >> the pressure inside orion is 14.2 pounds per square inch. >> and the goal is to make astronauts feel at home. >> we asked what you might ask. >> alexa, sets the lights to blue. we watch as alexa follows our commands a quarter of a million miles away. >> it's one thing to talk about it in a conceptual perspective and you're talking to alexa. even astronauts need to celebrate, callisto, party mode. >> that's so great. >> and back here inside the orion mock-up. astronauts may eventually be living in a space like this for months at a time. in

fox and alice, this f-35 jet from loc lockheed martin crashes thursday. it happened in fort worth.ne was hovering before bouncing on the runway, and it goes into nose first into the ground, sending smoke into the air. you see, the pilot ejected safely. no word on their condition. this is a live look at cape canaveral. spacex plans launches on both coasts. the satellite designed to measure water heights in lakes and oceans went up early this morning from california. a short time ago, the company launched another batch of broadband internet satellites from cape canaveral in florida. that is tonight's live look outside from "special report." ♪ ♪ you ok, man? the internet is telling me a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where sma