what does lockheed martin know about speedskating?we do not know a lot about speedskating, but we do have a and equipmentls to make them lighter. we are very proud of our venture together with under armour. we hope to see speed skaters benefiting from that and taking time off of their time in speedskating. >> helping the war fighter and the speed skater. >> that is right. >> thank you for joining us. >> thank you. lot apparently with the aerodynamics as well. we will see if it does much to help team usa. but to other areas besides speedskating suits, drones and cyber security among two things to watch with lockheed martin. >> peter, thank you. we will bring back brian gardner. still ahead, janet yellen makes her debut in the fed spotlight with an appearance on capitol hill this week. we will look at the tapered timeline and a lot more when "bottom line" continues in just a moment. ♪ >> the key to markets this week may be tomorrow's testimony by janet yellen, her first as fed chair. she will tell a house committee what the fed things i

how would you characterize the relationship between the pentagon and lockheed martin? being in the job for only a month, standing up and saying it was the worst relationship i had seen in my acquisition career. >> martin: these planes coming off the lockheed martin assembly line in fort worth cost $115 million apiece, a price tag bogdan has to drastically reduce if the pentagon can ever afford to buy the 2,400 planes it wants. >> bogdan: i know where every single airplane in the production line is on any given day. you know why that's important? because lockheed martin doesn't get paid their profit unless each and every airplane meets each station on time with the right quality. >> martin: so if this plane doesn't get from that station to this station... >> bogdan: on time with the right quality, they're going to lose some of their fee. you've got to perform to make your profit. >> martin: they must love you at lockheed martin. >> bogdan: i try and be fair, david, and if they want what i call "winner's profit," they have to act like and perform like winners, and that's

project, we work directly with lockheed martin. from computational modeling and wind tunnel testing to get these things built. we built not just one suit, but multiple suits for the athletes. it is trying to find the right mix. we have a full team on the ground in sochi making modifications and adjustments, which is typical for what you do at this level of high-speed performance athletics. this is part of the game. we're going to put our athletes in the best position to win and bring home gold. >> you can hear the full authorization with the under onour founder and ceo bloomberg.com and on our app. there is one company not feeling the chill on valentine's day. eddie bauer gets a little love, next. spread the tries to love as his company prepares cutbacks. celebrations marking the lantern festival throughout china. it marks the last day of the lunar new year holiday. you can see the chinese folk artists performing the dragon dance. that is molten iron they are running through to create the image of a jargon flying through fireworks.

this afternoon, a conversation with marilyn hewson, ceo of lockheed martin. peter cook with that, a defense contractor for the nation. all things washington, look for that at 2:00 p.m. this is "bloomberg surveillance," i am tom keene. adam johnson is in, olivia sterns is here before she jets off to sochi. scarlet fu is figure skating. >> better her than me. another big move from yahoo!, marissa mayer, according to the wall street journal, partnering up with yelp. this is right up your street, olivia. >> trying to improve the local search. when you put in bergdorf goodman, normally what would, is bergdorf goodman.com, they are going to have the young local were a few -- they are going to have the yelp local review.

general dynamics, lockheed, they don't seem too badly affected.is more about personnel than long term defense contracts. >> well, it is, but the problem is that congress is very likely to reject any additional payments that personnel have to make very likely to reject base closings which means either the budget goes up from the requested level or you've got to make cuts elsewhere. we are going into an election year so i think the pressure will continue to be on weapons systems. i think the reason they are doing well is they have great cash flows. you are looking at a strong market and as you mentioned, what's happening in the ukraine. i think the real opportunity if there is one is in more of the shorter cycle businesses. the funding there really was not released because we went into this year expecting to live with a sequester. we are not living with it so more of that funding which is from the fiscal '14 budget, will start to flow in the june and september quarters. >> thank you for the advice. >>> as the defense secretary continues his remarks

army and lockheed martin showed off their new system that allows army convoys to operate independently in foreign urban environments using something called the autonomy is mobility appliqué system or the a m. a s. the vehicles can dodge pedestrians as well as navigate on coming traffic road intersections and stalled vehicles those advances them is all a result of an eleven million dollar contract between the army and lockheed martin wherein the defense contractor is developing low cost sensors that can be attached to existing army machinery without a driver the trucks will be able to enter foreign areas and combat zones without having to worry about the danger of risking american soldiers' lives however if desired the vehicles can still be manned in that case the truck would alert the soldier to any safety threats and then the driver would have the ability to stop adjust or take full control of the vehicle but the am a as system only moves the. military closer to its goal of capitalizing on autonomy workfare last month at the army aviation symposium an officer announced that the army w

lockheed martin, who knew, this is what they do on their off time.petition that lockheed martin, these national engineers week is what it's called. six teams actually were given ten minutes to tape a teammate to the wall. the person that stayed there the longest won. the team juan made us do it, they won the competition. the person stayed on the wall for 15 minutes, which goes to show that duct tape is all that it's cracked up to be. >> they all have a high school competition. >> don't give kids any ideas. >> we'll duct tape you to that wall. you better be careful. hey, we've been talking about the olympics. >> you guys know this one, right? it was the mean scene around the world. american figure skater ashley wagner. you can't -- you can't forget this face. you can't forget this face. she skated yesterday. >> she's happy apparently, right? >> she did well. >> honestly, i think she skated really well. i think she's been unfairly targeted. >> all right. "way too early" starts right now. >> hey, what's up, jonah? >> jimmy, nothing much. things have bee

martin two other notes for lockheed martin's this aerodynamics it's all about aerodynamics right it's all about reducing the effect of a drag on the skaters for that as much as possible. the power that they're generating with their legs is going into the eyes to propel him forward. this reflects flexible zipper seam is constructed in several different types of material each designed to increase aerodynamics reduce friction and makes gators more comfortable. even some rain the zipper is to make a difference. everything matters. everything on this too was caught out literally the millimeter using this manic in and buy more like eating chicken skin loses the scene was tested in doc martens wind tunnels. just like the air planes and missiles the company is named this you could give american skaters an advantage of a fraction of a second the difference between taking home a medal going home empty handed under armor won't say how much the invested in the project and this huge won't be available for sale. but they hope the investment in american athletes will pay off for years to come. we re

his advances and is all a result of an eleven million dollar contracts between army and lockheed martin. when the defense contractor is developing low cost centers they can be attached to existing on the machinery without a driver the talks will be able to enter for an eerie as in combat zones. now having to worry about the danger of risking american soldiers' lives however it does not appear in the vehicles can still be me and an anti isa truck would alert the soldiers have any safety threats. i'm the driver would have the ability to stop. john stuart take full control of the vehicle. ba and eight s system removes the military closer to its goal of capitalizing on economists were fair. last month that the army aviation symposium an officer announced that the army was looking to slim down its personnel numbers and adopt more mold knots over the coming years the officer was suggesting that the army moved to incorporate the robot mule anna thomas vehicle they can transport supplies and having loads for soldiers. but as we've learned in recent months ago with barbie on take a look at this

this is a blow to lockheed martin.blem will drone continue to grow but not at the levels first anticipated in this budget. will not take a major hit despite the high-profile problems. that is a big plus for law he -- lockheed martin. basically is looking at this, saying things could even be worse. investors are betting some of these reductions outlined could be reversed i congress. >> what about congress? where might they take aim? ati think they will take aim almost every single line. two areas in particular, the if itsation changes, then changes, those of the controversial and ultimately be decision to lower or reduced the u.s. army totals. that will be controversial. i expect that to be challenged by several lawmakers. >> peter cook in washington. thanks. bloomberg is on the markets. julie hyman is standing by. hi. for the another record s&p 500. a big rally today. not for any macro fundamental reason. we do have health care insurers leading some of the games. the s&p is rallying by 19.5 points. the dow gaining one

they want to work we have the us dash lockheed it was built 60 years ago as an act of congress sam from there it runs into bakersfield there is a lot of communities relying even just on than drinking water not to bend to the citrus, grapes and fruits and vegetables but now we're running out they are trying to restore it but it has been gone 60 years it does not make sense. the salmon will cost two or $3 billion apiece but on the last april to federal reservoirs when state they read 96, 108 you 101 percent of historical average than poorer full day lead aid under 26,000 acres of water go to the ocean. lou: why? why did ttey let that runout? >> matt is the environmental stuff that is coming back to bite us becauss now we do have a drought. recovers bother in president kennedy helped to spearhead the system. have the envy of the world with our water system. we have capacity i am fighting for more storage but then we let it all ought to the ocean? lou: talking about nevada and arizona now northern new mexico watching the effect of the drought spread and worsen we will see uglier results and

tonight, a bloomberg exclusive with lockheed martin ceo, maryland houston.t the debt limit debate two weeks before another deadline. and an l.a. coffee shop takes a shot at starbucks. ♪ to our viewers here in the united states and those of you joining us from around the world, welcome. we have full coverage of the stocks and stories making ad

you've got to perform. >> they must love you at lockheed martin. >> i try to be fair, david.ofit, they have to act and perform like winners. and that's fair. >> although the f-35 won't begin to enter service until next year at the earliest, pilots are already conducting test flights and training missions at bases in california, florida, maryland, arizona, and nevada. it's supposed to replace virtually all the jet fighters in the u.s. military. one model for the air force, another for the navy designed to catapult off an aircraft carrier, and a third for the marines, which seems to defy gravity by coming to a dead stop in midair and landing on a dime. >>> after pumping an extra $4.5 billion into flight testing, the pentagon believes the f-35 program is under control and plans to start increasing the number of planes it buys each year. still, the plane's software is behind schedule and that's a huge problem because the f-35 is basically a flying computer using 24 million lines of software code. >> david, it's incredible when you talk about the pentagon trying to trim its budget

blaming not the power in their legs, but those new suits on their skin, engineered by under armour and lockheed martin, tested in wind tunnels for hundreds of hours, promoted as revolutionary. >> we have just built the fastest suits ever. >> reporter: this vent in the back with these holes to keep the athletes cool. but watch davis here. as he skates, air is flowing over his body, the suit's job is to minimize how much that air slows him down. the concern now is that air is seeping into those vents, possibly causing a tiny balloon on the suit and creating an extra drag on the skater. at least one american speedskater even resorted to covering that back vent with rubber. american skater brian hansen saying "literally everyone is under performing, you can only look at so many factors, the suit is the easiest to fix." >> reporter: tonight, word from the international olympic committee, they can switch to these suits, worn at the world cup in december. also designed by under armour, but without those back vents. team usa hoping it will pave a path to gold. tonight under armour stands by its suit, c

. >> even though this is the first time you made this product -- you designed it with lockheed martinhrough how it has been beta tested? i did not put these suits on a few days ago, did they? >> we have had the relationship since 2011, or closely with the athletes. the director of u.s. speed skating. he have a great relationship. i do not want this to be perceived as anything except, we want to do what we can to help our athletes win. particular,ect in we worked directly with lockheed , fluid dynamic modeling and wind tunnel testing. we build not just one suit, but multiple suits. ofs is not just a question -- it is trying to find the right mix. he have a team on the ground in sochi, making adjustments. that is typical for what you do at this level of high-speed performance athletics. it is just part of the game. we are making changes right now, with our team on the ground. >> i would like you to explain that a little bit more. it is not abnormal for teams to adjust how the uniform is put together? a flap,ead it, adding taking off a flap -- i think that is late to the party. am i mist

hits lockheed martin and general dynamics. two unmanned drones, predator and reaper, that is built by general atomics. that will be scaled back. specific programs here and anything used to support troops will get hit in this budget. melissa: who else gets hurt? >> well that is pretty much it from that perspective, especially when you scale that down. as far as the winners are concerned, you look at the other side of this, you're building more of technology intense types of weaponry. that is right in the wheelhouse of companies like lockheed martin, and many of the others that we've seen. boeing is out there developing these types of technologies. that is why you saw many of these stocks hitting 52-week highs even during announcement where the pentagon is talking about scaling troops down at smallest size we've seen in decades. melissa: how are the contractors taking it? >> thus far, you know, right now the stock prices are taking quite well. there is still a lot more details to come out, melissa. this is just the president's r

some skaters raised questions about the mach 39 suits designed by under armour and lockheed martin.hey suggested a vent on the back slowed them down. shani davis switched to his old suit, also made by under armour and still failed to medal. under armour says it's committed to giving team usa the best possible gear. >>> a russian skier had emergency surgery and tonight the ski federation says it was successful. ski cross racer was seriously injured on a practice run and crashed and fractured her spine and had a six-hour operation. tonight russian president vladimir putin visited her at the hospital. she is in critical but stable condition. >>> still to come tonight, jim handly joins us live from sochi. he's got reaction on the u.s.-russia instant classic from alex ovechkin and john carlson. and up next, amelia is back with two more chances for snow in the seven-day forecast. ♪ what is this place? where are we? this is where we bring together the fastest internet and the best in entertainment. we call it the x1 entertainment operating system. it looks like the future! we must have enc

budget cuts jobs for soldiers, it spares most arms manufacturers which is why yesterday, shares of lockheed martin, northrop grumman, general dynamics, and raytheon all hit 52-week highs. finally, an answer to the question, "war, god god y'all. what is it good for ♪ ( applause ) creating jobs is what it is good for, folks. creating good jobs americans can count on no matter how hard the military tries to end them. >> congress wants to keep rubber stamping attention fleets. >> the u.s. army has a message for congress-- thanks but no attentions. >> the price over the past two arizona has been almost half a million dollars, but the army says we don't need any more tanks. >> it keeps jobs in congressional districts with they are located. >> stephen: we have to protect the jobs. if the military doesn't need the tanks we will find a job for them. just load up the baseballs and give them a real job in the batting cage. it will let skills honed go to waste, which i believe is radio shack's business model. these tanks are the only innovation from the vital useless sexer. there's the c27-j plane. ohi

>> caller: my stock is lockheed martin. i've been looking at it for a while now. i was wondering, with this downturn in this market, if now might not be a good opportunity to pick a starting point and start buying a little bit. >> well, you clearly have read the book, because you know that's exactly how i'd be thinking with lockheed martin. the quarter was fine. there was a little noise to it. the business is good. the stock yields 3.6. here's what you do, when that stock yields four, but not until then. zachary in virginia? >> caller: hi, jim, how are you? >> all right. how are you, zach? >> caller: i saw today that whole foods market was upgraded. and i saw you wrote an article a while ago, as well, i looked at your portfolio. what i want to ask you is this, do you think in a year from now that whole foods and costco will be up? or what's your opinion on those two? >> well, first, i appreciate that question more than any that i've heard tonight. you're taking a yearlong perspective, i think whole foods will be up. does that mean it'll be up tomorrow? if i say th

speed skating team has partnered with lockheed martin and under armor to design the mach 39. a suit more aerodynamic than anything seen in the sport before. in order to fly farther, u.s. ski jumpers practice their form in specially designed wind tunnels. but the real secrets may be held deep inside the snowboard and skier center of excellence in park city, utah. >> this is a little bit like mission control. >> this is where the united states works to stay ahead in the sports technology arms race. >> everything is feeding into this data base automatically, test results, training programs are submitted. diaries come in, or even medical alerts. >> reporter: from these data bases, these are designed for athletes like mogul skier hannah kearney, no matter where she is in the world. >> there are multiple people watching me, saying you're getting my diary? >> reporter: because in today's high-tech olympics, no detail is too small in the race to be faster, higher, stronger. kevin tibbles, nbc news, copper mountain, colorado. >>> and we'll look at other news today, the legendary publi

long track events, zero olympic medals in the mach 39, the high-tech suit made by under armour with lockheed martin, the maker of fighter jets and rockets. now the americans are asking if they can switch back to their old under armour suits. >> there will be no three-peat. >> reporter: this week after shani davis, the world's best finished a shocking eighth in the 1000 meters, heather richardson and the women altered the new suits for last night's race. >> a patch to cover up the vent that was originally on the suits when the team arrived here at sochi. >> reporter: that vent is supposed to reduce body heat. but it's suspected of creating drag and slowing the racers down. >> heather richards is going to have to keep the tempo up a little bit. >> reporter: at the usa house it was all smiles as russian president vladimir putin paid a surprise visit, sipping wine, talking sports, not politics. while on this valentine's day, america swooned over the victorious men's slopestyle ski team. gold medal winner joss christensen whose father died six months ago. >> he knew i was having fun. i can't than

a lot of older people retire with a pension from lockheed martin or military.hey took a benefit where if they pass their spouse gets nothing or 50% or 75%. have you modeled that out? do you know if your spouse will have enough if you pass away early? >> let's talk about how long we will live. typically the guy dies at 93 and the woman dying at 95. it takes into account long-term care. cash flow start with a big asset at 60, 65, but it's down to almost 0 by the time you're ready to pass. >> yeah, that's the thing. the way i want to do it is bounce the last check i write the day i die and feel like i won. i'll give everything else and spend everything else that i can. you have to live until you're longer. when my grandfather passed, he was taking 17 pills a day and lasted until almost age 87 and i had three clients make it to age 100. i plan on being bionic by age 80 with the knee and hip problems from playing hard. people are going to live longer, and that old idea of saying, "i only need my money to last until 85 or 86." odds are in a married couple situation,

the top contractor is lockheed martin. in their budget they sort of won and lost. the most expensive program in pentagon history is the f 35, the new fighter jet. there will -- that is one of the most expensive programs to maintain. some callers may call in and wonder why we don't cut back rather than cutting benefits, but the pentagon is locked in, so lockheed martin wins on that. at the same time, the navy will have to cut its plans to build a new combat ship. they wanted to build 52, 55, and secretary hagel said that they are only building 32. they lost on that. where are those jobs going to go? it is a trade-off. there are a lot of questions about the impact that this will have on jobs in the united states. host: let's hear from secretary of defense, chuck hagel, speaking yesterday. [video clip] >> the army must increase the pace and scale of its postwar drawdown. today there are around five hundred 20 thousand active-duty soldiers, which the army had planned to reduce the 490,000. however the strategic choices in management review and cutie are -- qdr have bro

your exclusive interview with the lockheed martin ceo, maryland houston. that, you know what i will bring up tao -- one of your favorite. i became converted over the weekend. i am a bitcoin enthusiast. their prices fell. some people are saying it is over. i say it is just getting. >> friday night, people writing into to me and saying where can i buy it? >> it was me. >> a lot of things have happened over the last four days. a huge storm of votes on the pro and con sides. legal lows -- russia came out and said it is illegal to use bitcoin in the country right now. not exactly super surprising. china has also had a huge war against bitcoin over the last few months. also, here in new york, a number of cases going on. the vice-chairman of the bitcoin foundation is being accused of money laundering. you have a pirate being held in new york, awaiting trial for silk road operations. and there are people using bitcoin for money laundering. it is not an indictment of bitcoin, but of people using it for things that you could easily use u.s. dollars. >> is it positiv

under warner suits were designed with lockheed martin. the team has a disappointing result. is facing skepticism. under army says that they are working with the team and want to make suits better. there is the stock by the way. it is interesting. you can blame the condition of the ice. the competitiveness of the other team. other people on other teams from other nations have pointed to these suits. i think it was belgian that worked on a similar suits. this was three years ago or so. he wears a nike suit in practice. connell: we will talk about these coat checks. the company that promises your call will never be misplaced again. we will talk to the founder about that. a smack down inside the beltway. a new push to hold retailers responsible it their systems are breached. ♪ change enneering in dubai, aluminum productio in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. re

the uniform was designed by the sports retailer with help from defense contractor lockheed martin. shares fell more than 2% for under armour. >>> big companies aren't the only ones the that pay attractive dividends that grow over time. small and medium-sized companies do too. jill coniff, president of edge asset management, good to have you with us. >> thanks, glad to be here. >> why are dividends so important to you? >> dividends are a sign of a company's strengths. and a company that pays a solid dividend, as well as grows that dividend over time, shows a commitment to shareholders. we believe that's a big driver to total return. >> it's also the search for yield, is it not, in a relatively low interest rate environment? so far in 2014 and all of 2013? >> absolutely. if you think about what's happening across the world and aging demographics, yield is very important. and we're also in a very low-yielding environment with interest rates. so given that stocks have run and investors are looking for places to go, dividend-paying strategies ar great alternative for investors for incom

this afternoon, a conversation with marilyn hewson, ceo of lockheed martin.eter cook with that, a defense contractor for the nation. all things washington, look for that at 2:00 p.m. this is "bloomberg surveillance," i am tom keene. adam johnson is in, olivia sterns is here before she jets off to sochi. scarlet fu is figure skating. >> better her than me. another big move from yahoo!, marissa mayer, according to the wall street journal, partnering up with yelp. this is right up your street, olivia. >> trying to improve the local search. when you put in bergdorf goodman, normally what would, is bergdorf goodman.com, they are going to have the young local were a few -- they are going to have the yelp local review. yelp reviews local businesses, trying to compete with the bigger players, microsoft's bing and google. >> they have been doing this for 20 years. >> when mercer mayer was at google, she tried to buy yelp. >> help us with a perspective. would never bele bigger, they have relentlessly gotten well over 60%. >> 67% for december. >> who is behind them? >>

the industry has to adapt to this and the big primes like people like lockheed and general dynamics maintainrofits although the revenues have come down a bit so it's an adjustment but not something people did not see coming. >> the plan is being met with resistance by many at congress. >> they are. tryingto make some tough choices it will be the job of congress to step in and move those numbers up. the world is not safer and this is not the time to begin to retreat and not the time to cut our military. >> while the budget may be getting some pushback, some lawmakers say is time to downsize. >> we can trim the budget when it comes in the military, we just have to be responsible. the world is constantly changing every single day. at the same time, we can still do the job we promised to do for the world and still do the job to protect tomography in america. hesecretary hagel's plan was sent to congress next month as part of the obama opposed budget and congress will no doubt make its changes. we can also expect to see some changes in emerging markets. when we return we will hear from david rube

the department of defense is clear that they don't want to see lockheed martin with northrop grumman. is clarity that has emerged with this budget. we will probably start to see more portfolio reshaping. then the smaller companies from the services area, you will see more consolidation. >> what about small companies that are not necessarily thought of as being in the military industry but have services and products that can be adapted easily to military use? >> it has been running during being. pbeing. you have some very interesting enterprises like elon musk space x which developed tesla. they have been very active in the military space market. that is not a new theme, necessarily but i think it will probably be reinforced. >> the last point, the kinds of human resource services that veterans need, the bookkeeping, the payroll. >> that tends to fall not among the defense. you have to look at the large health care providers in the u.s. firms like accenture, ibm. they provide more services to the veterans it ministration. >> thank you for joining me, byron callan. now, to the tax fight

to date there have been four americans killed by drone strikes muslim cleric anwar on the lockheed was killed in jenin in two thousand eleven along with some near pune all of the sixteen year old son of gold miner was killed and another strike two weeks later and then in pakistan in june it can on mohamed was killed and another attack all our table was the only reported us to target killing of an american the others were considered collateral damage. meanwhile a new article by glenn greenwald and jeremy state jail and he tells the national security agency's role in drone attacks. now according to the article the primary method used to locate targets is a computer analysis of mega data and cell phone tracking technology. times that day that is inaccurate so in other words instead of using an informant was on the ground up watching the suspects movements the drill targets the area where the suspects cell phone is located and sometimes that phone is in the hands of a friend when the hands of a family member rather than the suspect himself the information comes from the former drawn operat

the maryland-based company along with lockheed martin designed the suits with a vent to reduce body heatw it's suspected of creating a drag and slowing the racers down. even the world's best, shani davis placed eighth in the 1000 meters this week. now some want to dump the suit all together in favor of their old suit. some argue it's not the suit, it's in the training. under armour tonight tells us the mach 39 is the most scientifically advanced and rigorously tested suit never the olympics, and they will continue to work with u.s. speed skating to make that translate into medals. bottom line, team usa going with their old under armour suits next. they have another chance to compete today in the 1500 meters. >>> also, on the home front, competing today up in the mountains, virginia's own ashley caldwell. check it out. the youngest to compete in vancouver at 16. she came back from a torn acl in her right knee. today the 20-year-old from loudoun county finished with the best score in qualifying, but stumbled on her landing in the first final and failed to advance. back home she wears her r

landed somemor suit of the blame, engineered with help from lockheed martin and tested in win titles.he skaters loved it but then they stopped winning. >> we have had a relationship since 2011, working with the ted and athletes, with morris at u.s. speed skating, we have a great relationship. eyes on what this to be perceived as anything other than -- we are just trying to help our athletes win winning does not come easy. that was kevin plank on friday. over the weekend, the team dropped the uniform and opted for another suit from under armour used during the world cup. still, no medals. everything when you are not performing, from the training to the gear to the skates to the pillows you slept on the night before. it is all very fair, this is our business. i think we believe we have an incredible product that will help our athletes succeed and win. >> under armour knows the drill and it knows it has a good product. this is the second winter olympics under armour has outfitted the bobsled team, has not won a medal since 1952, that streak was broken yesterday. the u.s. took bronze. it

kicking in fact fat cat defense contractors couldn't be happier stock prices for northrop grumman and lockheed martin hit a fifty two week high yesterday after the pentagon's announcement because proposed by chuck hagel are a good start but we need to go even further. we need a military that is appropriate to the needs of our country not to the needs of defense contractors and the needs of members of congress who have defense plants in their districts we need to take most of the money we currently use to pay for wars and for weapons of war and spend it on that homeland that neo cons like dick cheney are always talking about consider this a recent study out of harvard university estimates by the time we're done paying for the last of the iraq and afghanistan war veterans and decades from now the final cost of bush's wars will be as high as six trillion dollars that's right six trillion dollars now what we could do what our government could do with an extra six trillion for starters about one one hundredth of that would be enough to pay for the six point five billion three month unemployment ben

this is the suit that everybody's worried about the mach 39 made by underarmour and lockheed martin.ou can see the mesh there, that's the design that was supposed to release body heat as the skater was skating around the oval. there's some who worry it's creating drag, air's getting in the pockets and slowing the skaters down. they'll ditch this one, go back to the underarmour suit they were wearing before this one was release. some say it may just be a mental thing if they get back in suits they've had success in, that may help to kickstart things on the ice. whatever it is, they've got to get going soon. >> all right. we're pulling for them, jay. thanks so much. live from sochi. >> i think i heard someone in the background screaming usa. >> yeah. right. >>> the special discounts available this weekend only. >>> plus, making over a d.c. landmark. how you see plans in the works, how you can see them for the martin luther king library. >> and what road crews are is this the bacon and cheese diet? this is the creamy chicken corn chowder. i mean, look at it. so indulgent. did i tell you

including boeing, lockheed martin, honeywell, general electric and caterpillar.t has also been a busy day at the white house. earlier today, president obama met for the first time since the end of 2012 with house speaker john boehner. a pretty broad and somewhat vague -- they met for an hour in ae oval office and covered range of issues coming clean manufacturing, trade promotion authority, and here to discuss with us that meeting, we can see if we can get any more details of it yet we have national economic council director james sperling who is -- director gene sperling who is joining us. us.k you for joining we are told that the president and house speaker boehner discussed trade authority. >> obviously, that can be an issue of legislative strategy. mac focuses on making sure we can get it done, get it done right in a way that is good for workers, good for jobs, supports the president's vision of an promotion that meets our larger goals. but i am not going to speculate on the exact timing. the core thing for us is is it going to begin for jobs? is it going to