lockheed martin or northrop grumman? >> i think it is more expensive, but i think it deserves the valuation. this stock continues to grow into the valuation. ridiculous backlog. marilyn houston, of -- stud of lmt, make me pick what you just did. >> same question to you. >> north rap has half of the market that lockheed does. i think it is more impact for northrup. it is up 14% against lockheed up 7% and there is probably a reason for that. a yield is better with lockheed. >> all right. $2 million. that is how much one trader is betting that the gap could drop. >> 2 million shares. it was 18,000 of the october through-put that somebody put through after a successful bet on the september bet. in october 8th, they will release the next revenue and sales figures and this person is betting the stock could be down 5% or more by october expiration. >> mikeco in aust. options action, check it out on friday. and plus the traders tell you what they are watching tomorrow, right after the break. stay tuned. i'm here at the td amerit

. >>> lockheed martin announced it will be cutting 500 jobs. the government defense contractor says the 500 jobs will be i.t. and global solutions jobs. lockheed martin says it's adjusting to changing government priorities. at this point it's unclear if any of those cuts will affect workers at the lock he'd campus -- look heed campus in sunnyvale -- lockheed campus in sunnyvale. >>> the personal information of 80,000 california state university students has been compromised after a data breach at eight campuses. the breach affects students who took the sexual violence prevention course required by state law. information including passwords, log-in names, e-mail addresses, relationship status, and gender were all exposed. students at sonoma state, san diego, los angeles, cal poly, north ridge, channel islands, san diego and maritime academy are all affected by that data breach. >>> if you have ever seen a solo driver cheat their way into the carpool lane, you are not the only one. in fact, some new numbers suggest it's happening more and more es

our business and tech reporter, scott budman is at lockheed martin in sunnyvale. what's the significance today? >> reporter: a lot, raj. you may have seen the plume in the sky. behind the plume, something very important. a satellite. bringing mobile technology, the kind we use every day, to our military. the rocket streamed through the sky into space. on board, a satellite, with silicon valley roots, that will help our military. >> they can be better at their missions. >> reporter: lockheed martin built the satellite in sunnyvale. once securely in space, it will help our armed forces communicate safely. >> that means that nearly everywhere in the world, you're going to get coverage. that's high-speed voice, data and video. and for secure mobile users, that's not been a possibility before. >> reporter: it's the latest in a network of satellites, bringing the kind of mobile technology we civilians use to our military with a lot of security built in. and as early as the launch was, silicon valley employees here were awake, ready to see their handy work take off. >> a

so even if the u 2's role was diminished lockheed martin did s.ng to be just fine in the uav market. i still think the military market in terms of the overall size is where most of the focuses going to be for a long time. >> peter, thank you for joining us. fascinating. >> thank you. >> that's peter ah r rmand. the exhaust will be the backdrop for the battle of billionaires. mark cuban telling cnbc he could beat trump. >>> now the auto mots close for good nearly 25 years ago but the dining concept is back, fewer people, higher tech and now quinoa? it's today spark just ahead. it took joel silverman years to become a master dog trainer. but only a few commands to master depositing checks at chase atms. technology designed for you. so you can easily master the way you bank. which means you can watch movies while you're on the move. sitcoms, while you sit on those. and even fargo, in fargo! binge, while you lose weight! and enjoy a good cliffhanger while you hang from a... fascinating. quinoa? televised.y be the revolution will be mobilized. introduc

now, lockheed martin says it's adjusting to changing government priorities.on't know if the campus in sunnyvale will see any job cuts. shares for lockheed martin have been up since the announcement was made. >> all morning we've been trying to check in with siri. about the apple announcement. hsiri wasn't -- siri wasn't saying much. >> christien kafton has more. >> reporter: a lot of speculation about what the big announcements will be here. we can tell you the big thing going on, they are starting to let people in. let's show you the line. this is emee -- this is employee registration. bill graham auditorium, a lot of folks on their way in. apple watchers also gonna be very keyed in and watching this event very closely today. some of the big possibilities, apple phones, iphones, possibly, the revees of -- release of iphone 6-plus or -- excuse me. the 6-discuss plus or the 6-s phone which would be -- the 6 s plus or the 66-s phone which would be a forced touch technology. that's where it allows you to touch the screen and by touching the screen you can unlock

lockheed martin, the biggest defense contractor, up 7%.d that f-35 joint strike fighter, one of the costliest programs in defense history. northrop grummond shares up 13%. it is the company behind the b-2 stealth bomber and those unmanned aerial vehicles, drones, in essence, as well as a number of different missile types systems. these four stocks standing out. iran may be part of that story there as people look towards defense stocks as possibly places where people are getting more business because of what's happening. geopolitically, not just there but around the world as well. >>> we'll have much more on defense stocks and the iran impact in the next hour. >>> plus, we've got a big executive shakeup at yahoo!. jon fortt has the latest on another shakeup at yahoo!. >> kathy savitt is leaving, heading to. stx entertainment, a new media outfit that's only been around for a year, their model is medium budget films with one major star. they've done a little tv work as well. "state of affairs," that katherine heigl thing was theirs. so they'v

>> reporter: jessica, that satellite made here at lockheed martin in sunny vail, took off this morning, bringing mobile technology, the kind we use every day, to our military. it's heading 22,000 miles above the earth. a satellite to bring our armed forces better, more secure mobile communication, and it was built here at lockheed martin's silicon valley facility. >> there's hundreds of people that come together on satellite programs. >> reporter: this satellite is the newest of its network, hovering above the planet to bring the kind of mobile technology we civilians take for granted, to or military, with a lot of security built in. >> that means that nearly everyone in the world, you're going to get coverage. that high-speed voice, data and video. for secure mobile users, that's not been a possibility before. >> reporter: it will now help our forces communicate safely. something that brings pride to the bay area. >> absolutely a sense of pride, even though this launch happened around 3:18 a.m. pacific time, you bet there are employees here who have been working on this program for ye

eventually blue origin will be competing against the joint venture of lockheed martin and boeing andcex for commercial rocket launches. scott kelly is officially halfway through his one-year mission on the space station. it is a record-setting project that will help nasa understand long-term effects of space on the human body. joining me now for a status update on the mission, dr. julie robinson. she's with me from houston. thank you for being here. how is it going six months in? how is he doing? missing ♪ --eak angry commission going so far. some of thes that different psychological issues and challenges of seeing locked in a can for a year are going to take lace. he is a grace periods and he is working hard on his research. you are also studying his twin, mark, on earth. what are the surprising things that you are learning about the both of them? one of the things, if the but what it is like when you visit your doctor, it has changed dramatically in the last five to 10 years. the blood test look at genetic information. we personalize cancer treatments. we have to understand what it

. >>> job cuts are coming to bethesda-based lockheed martin. the defense contractor is eliminating about 500 positions. the company says the reductions will include voluntary and involuntary layoffs by mid- november. the layoffs come a month after lockheed martin announced that it will spend some $9 billion to buy the firm that builds the blackhawk helicopter. >>> today is a yellow weather alert day. now here's wusa9 first alert weather, d.c.'s most accurate. >> boy, we're in the thick of things. you'd think we're in the middle of summer. >> we'll have to flip a switch here in the next couple days. >> we're going back. >> so we'll have some better hair days coming up. >> you will. in fact, let's talk about the number of 90-degree day we've had this year and it's actually pretty high including today, 52. last year only 24 days were 90 or higher, 35 in '13, pretty similar to 2011 and 2012, but the winter, one of the records, is 2010, 67 90-degree days. i think we can say good-bye to the 90-degree days for a while, if not for the rest of the year.

. >> you talk about how so many of these women lead traditionally male-led business, lockheed martin,. a lot of them steering companies through crises. >> when we started to do the lists the women were in media, advertising or beauty business. those are big businesses but what we have seen over time is they are running -- like you said, lockheed martin t general dynamics, hp. the biggest giant industrial companies and many of them, as you say are leading them through incredible crises, especially this year. ellen coleman of dupont. mary barra, pepsi. >> the youngest woman on the list is taylor swift. it is not about popularity. is this because she took on spotify? she took on apple and won. she changed apple's policy. >> that's right. nobody stands up 0 to apple -- i watch withed a documentary about apple. i was thinking about this today. we don't normally put an artist on the list because these are normal clily executives running businesses. but because of the leadership, standing up against spotify, forcing apple's hand and becoming the voice for artists taking control in the music

lockheed martin is mine. do we get the pearly gates for me. that is nice. i like that. we have a 3% dividend. 16 times forward erpgs and i don't think it is expensive. here is a stock that a wee bit off the all-time high despite the tape which has not been good. unbelievable balance sheet and tremendous backlog and this company will go on in perpetuity which makes lockheed martin my devine pick. >> is that you playing the harp. >> i do play the harp. it is a fantastic stringed instrument. >> home depot. every time you bet against this one it is the wrong bet. 2% yield -- what am i doing there. 2% yield there in home depot. never wants to back up. it is one for the ages. as this spot is supposed to be. when housing is doing well, it does well. when housing is doing poorly, it still does well. home depot for the ages. >> steve. >> i don't want to see the photo of me. mine is exxon-mobil. >> oh, look. >> he made it. >> 4% dividend yield. and this stock obviously has been taken down with the rest of the space. so i think valuation here, roughly 15.5 to 16 times federal earn

eventually blue origin will be competing against the joint venture of lockheed martin and boeing andfor commercial rocket launches. staying in space today, astronaut scott kelly is officially halfway through his one-year mission on the space station. it is a record-setting project that will help nasa understand long-term effects of space on the human body. something we need to know before we can send humans to mars. joining me now for a status update on the mission, dr. julie robinson. she's with me from houston. thank you for being here. how is it going six months in? how is he doing? >> it is a great mission going so far. scott is doing great. he recognizes that this mid-point from here is where the different psychological issues and challenges of the locked up in a can for a year are going to take place. emily: you are also studying his twin, mark, on earth. what are the surprising things that you are learning about the both of them? things, if you think about what it is like when you visit your doctor, it has changed dramatically in the last five to 10 years. we have personalized

they are yellow in color and have the words lockheed martin below the handlebars. the ceo says he hopes the thieves have a change of heart and return the bikes. >>> b.a.r.t. is planning to update the aging ticket machines with equipment that will set more forms of payment. the machines are scheduled to be installed in the spring. the new readers will accept master card, vita and euro pay. customers will be able to add fare and validate parking at the same machine. >>> good afternoon, everyone, on this very, very first day of fall. it started early this morning. most of you probably snoozing, 1:21 in the morning. it felt like it this morning. 40s napa. napa airport dipped to 43 and then the fog formed. most has burned off. it started to develop around santa rosa, petaluma, calistoga, napa. it will lift. yesterday was howling. that's not the case. today the breeze -- the breeze has collapsed. water temps are still pretty cool north of san francisco. san francisco buoy 59 bodega bay, 58 monterey 64 and now 65. we'll keep an eye on that. they've been quiet the last few

lockheed martin will bring hundreds of workers to its new laboratories and an energy company called holtec international. >>> last night we told you about another chaotic council meeting. >> and tonight the nbc 10 investigators have learned because correct procedures weren't followed, that meeting is void. council president fred tells us last night's votes including ones to buy new police vehicles are being thrown out. two councilmembers have been boycotting leaving the borrough unable to hold meetings. the lawyer says parts of the meeting were, many of the, illegal. new fall-out in a scandal involving volkswagen. pennsylvania, delaware with part of a multi-state investigation into the automaker after it admitted to cheating on emissions tests on americans cars. attorneys general from 29 states say they're sending subpoenas to volkswagen. wrerl this month volkswagen came clean about using some secret softwa software. that allowed the german automaker. all right. this now. the world meeting of families. it addressed a controversial issue, homo sexuality in the lite church. that is nbc 10 ra

. >> reporter: testing will begin on the global hawk shortly, but lockheed sunday gives up on the u-2nd it would be tough to win over work from a workhorse that has been doing work, and already paid for. >>> "forbes" is out with the list of the most valuable teams in the national football leagues, and the numbers are eye popping. third most valuable, my hometown favorite, the washington redskins. number two, the new england patriots, valued at 3.2 billion and inflating. topping the list, the dallas cowboys for the ninth year in a row. that team is worth $4 billion, most available sports franchise, folks, in the world, stripping real madrid of that title, sharon. >> wow. >> and the cowboys won last night. >> yeah. go figure. >>> that's "nightly business report" for tonight. i'm sharon epperson. thanks for watching. >> thanks from me as well. i'm tyler mathisen. have a great evening, everybody, and we will see you tomorrow night. announcer: "imagemakers" is made possible by the members of kqed. [ click ] [ birds chirping ] [ hoofbeats clacking ]

metal source, a raw materials company that supplies metals to aerospace companies like spacex and lockheed martin. she is one of 100 candidates that has been selected by mars one, a private company that wants to colonize the red planet. the catch? there's no return flight home. >> what do you say to people when they say, "jaymee this is a suicide mission why are you doing it"? >> call it a suicide mission but it's something that i chose. i'm creating my own destiny for myself. and if it's a destiny that would help humanity, i'm all for it. >> according to mars one, one of the main goals of the project is to establish an interplanetary species to preserve the human race. >> jaymee made it to top 100-the third round of a selection process mars one says started with 200,000 on-line applicants. ultimately, 24 crew members will be chosen. >> do you think anybody with enough training could become an astronaut? >> i believe that if you have the motivation and determination of wanting to do it, you can. >> a mission to mars is obviously no simple matter. pasadena, california is home to the mars pr

lockheed ceo received a stunning $33 million last year.miss richards, do you know if there has been any investigation or any effort, any, to eliminate lockheed martin's federal funding? >> it sounds like there hasn't been. >> you got it. of course there wasn't. these are huge companies that are actually guilty of breaking the law. and their ceos make millions of dollars. republicans never criticize the salaries of their ceos and they never try to strip their federal funding, their government subsidies or tax breaks. but when it comes to women's health, when it comes to women's health, the republicans's approach is is completely different. republicans targeted planned parenthood which provides essential high-quality care to millions of american people more aggressively than all of these companies combined. with no evidence of wrongdoing, these republican investigations multiply. this whole defunding fight a pretext for the republican agenda. it's a pretext. take away the constitutional right of women and their doctors to decide what is is b

lockheed ceo received a stunning $33 million last year.miss richards, do you know if there has been any investigation or any effort, any, to eliminate lockheed martin's federal funding? >> it sounds like there hasn't been. >> you got it. of course there wasn't. these are huge companies that are actually guilty of breaking the law. and their ceos make millions of dollars. republicans never criticize the salaries of their ceos and they never try to strip their federal funding, their government subsidies or tax breaks. but when it comes to women's health, when it comes to women's health, the republicans's approach is is completely different. republicans targeted planned parenthood which provides essential high-quality care to millions of american people more aggressively than all of these companies combined. with no evidence of wrongdoing, these republican investigations multiply. this whole defunding fight a pretext for the republican agenda. it's a pretext. take away the constitutional right of women and their doctors to decide what is is b

lockheed's ceo received a stunning $33 million last year. ms.richards, do you know if there has been any investigation or any effort, any, to eliminate lockheed martin's federal funding? >> sounds like there hasn't been. >> you got it. of course there wasn't. these are huge companies that are actually guilty of breaking the law and their ceos make millions of dollars. republicans never criticize the salaries of their ceos and they never try to strip their federal funding, their government subsidies or their tax breaks. but when it comes to women's health, when it comes to women's health, the republicans' approach is completely different. republicans targeted planned parenthood which provides essential high quality care to millions of american women more aggressively than all of these companies combined with no evidence of wrongdoing. these republican investigation multiply in the political theater continues. this hold the funding fight is just a pretekt for the real republican agenda. it's a pretext. take away the constitutional right of women a

lockheed received a stunning $33 million last year.re has been any investigation or any effort -- any -- to eliminate lockheed martin's federal funding? >> sounds like there hasn't been. >> you got it. of course, there wasn't. these are huge companies that are actually guilty of breaking the law, and their ceos make millions of dollars! republicans never criticize the salaries of their ceos, and they never try to strip their federal funding, their government subsidies or their tax breaks. but whether it comes to women's health, when it comes to women's health, the republicans' approach is completely different. republicans targeted planned parenthood which provides essential high-quality care to millions of american women, more than all of these companies combined. with no evidence of wrongdoing these republican investigations multiply in a political theater continues. this whole defunding fight is just a pretext for the real republican agenda. it is a pretext. take away the constitutional right of women and their doctors to decide what

the other proposal is a joint project from boeing and lockheed martin. the winner may be named .hree children are already using the force. online tv, they were the first to open new star wars toys. disney declared tomorrow as force friday. the merchandise goes on sale. and since have been hits theaters just before christmas. my life will be complete. i am already a star wars fan. olivia: i forgot you were a star wars geek. brendan: yes, i am. olivia: not a fan come aching. definitely a geek. no offense. the republican party is of of theng each other candidates to sign a pledge to not launch a third-party campaign if they don't receive the nomination. donald trump is meeting with gop chairman, rice previous in new york. preibus. discuss hish us to max abelson who sat down with donald trump and wrote the businessweek cover story. explain what he does to make money. max: people have this image in their hands that he plays a businessman on tv. that is not true. he has this big organization that is profitable and makes money. i got to wipe away all the noise about donald trump and onl

----todas tienen un logo distintivo de la marca "lockheed martin".am cesar ---veamosomo pintal pronostico para los proximdias. dellan... adelante gabriela.. take gabriela live gabriela live amigos tengan todos muy buenas tardes y sean cordialmente bienvenidos a noticiero telemundo 48 . enseguida les comparto la informacion meteorologica del dia de hoy. como usted ve en su pantalla aqui tenemos las siguientes condiciones climatologicas: ================= ponga atencion porque a continuacion le muestro las temperaturas para las principales ciudades del area de la bahia: san jose: 87 oakland: 68 san francisco:78 santa rosa:92 santa cruz:86 livermoore: 96 santa clara:88 ================= el pronostico extendidpa los proximos cinco dias: san jose jueves:87 viernes:88 sabado:84 domingo: 78 lunes: 75 san francisco jueves:78 viernes:77 sabado:73 domingo: 68 lunes: 66 take vo cesar ---el despliegue de seguridad para resguardar al papa francisco es uno de los mas grandes jamas vistos en este pais... take vo cesar ---le tenemos la trayectoria que llo al sumo po

but steve i agree with lockheed-martin with a tremendous run. i think that better performer right now isin northrop grumman, stock is solid, dividend about 2%. that has been a star in terms of strength. charles: a report out that pentagon may play hard bu ball h contracts, maybe with political environment that we have, would things change say, if a democrat won? it seems if you think that obama is a weak they would be weaker. >> i think that hope for defense companies and america is that we have some republican administration in there and strengthen our defense. that is what we need, spending has been cut too drastically. we need an across the board strengthening of all military assets. charles: steve. >> you know, i'm one of few conservatives who think we should cut defense spending, but not going to happen, there is bipartisan agreement right now if anything defense spending is going up. charles: i think that idea that, you know we have to use it. and you know someone who think we should have a bigger defense is donald trump. tune in tomorrow,

job cuts at lockheed martin, the bethesda based defense contractor announced it is eliminating 500 jobs from the information systems and the global solution segment. the reduction includes voluntary and involuntary layoffs. they are trying to adjust to changing government priorities. jonathan: thousands of catholic students around the country take a pledge ahead of pope's historic visit to the united states. this is a pledge to walk with the pontiff. john gonzalez spent the day with substitutes from our area who are preparing physically and spiritually for the pope to arrive. >> in exactly two weeks pope francis will be celebrating mass in washington, d.c. today just miles up the road in rockville, maryland, the student body at the st. mary's catholic school pledging to walk with francis. >> i will pray. they are literally walking today. take a look. there are steps forming a giant cross. >> having the pope in the united states makes it real. not just a picture they see on tv. >> they walk through the court-yard. the staff hoping that they walk into a life of deep devotion and appreciat

and each one has the words lockheed martin below the handlebar. thieves also took 10 bike tool boxes worth about $150 each. >> they were locked up but we thought they would be totally fine. >> reporter: bike club instructor says the school year had just started and are now scrambling to repair the bike program. >> i just don't like the fact that somebody stole it. that was very rude. >> reporter: it is not just the students who are hurt. once repaired the bikes were to be donated to the community. >> why would you take it when you can just ask us because after we finish fixing them, we give them to people in need. >> reporter: these bikes were donated to the school just a few weeks ago. so these students could work on them and return the favor by giving them back to the community. the teacher says he cares less about punishment and would like to have the bikes back so they could continue their program through the school year. in oakland, ken pritchett, ktvu channel 2 news. >>> tomorrow's going to end up being the first day of fall. but it felt lik

they are all yellow and have the lockheed martin logo on them right before the handlebars.y the company. they were donated to the school for the benefit of the kids. >> why would you take it when you can just ask us? after we finish fixing them, we give them to people in need. >> they were locked up. we thought they would be fine. >> reporter: the stolen bikes are yellow citizen breezers. estimated to cost about $a00 each. the toolbox is about $150 apiece and the bike club instructor says he doesn't care about a punishment. he just hopes the bikes are returned so the kids can continue with their program. back to you. >> thank you. >>> peta is working to give photo rights to monkey. this monkey made headlines when it took a selfie in 2011. right now, the rights to the photo belong to a british nature photographer who positioned the camera. but peta said the monkey should be named the copyright owner because the animal took the photo. the group filed a lawsuit so any benefits go to him. >> are they gonna make him testify, take the stand? lf -- [laughter] >> i don't know. >>>

there is a political dog fight to be the eyes in the skies for the military between lockheed martin andorthard. fought to keep it alive. it is manned. it's got a pilot in there. recon figuring the global hawk. his name is i kid you not, mick jaggers claims it will make it better able to evolve with new technology. >> it's going to make it a plug and talk. you will have an intelligence community that has a requirement. you will be able to plug in a sensor and have it talk back to the needs of the intelligence community. >> global hawk is way too complex to deliver packages for amazon. >> to requirement so to have a right seat. to make the long hauls. so we could replace the first officer with the competing. >> okay. so you still have two pilots but one would be on the ground. who knows. later on power lunch, what's taking so long to have one operator operate multiple drones? how many stories have you two mick jaggers in them? >> i literally laughed outloud. but i wouldn't want to be on the marketing team that has to sell that one pilot plane. >> maybe for cargo. >> thanks so much jane. >

united launch alliance was made through a joint venture between lockheed martin and boeing ten years ago. >> democratic presidential front runner hillary clinton apologized for using a private e-mail server during her time as secretary of state. let's get to tracie potts joining us live from washington. we were just talking about this yesterday, whether or not hillary clinton would have to apologize given the polls we have seen. do you think this apology has come in time to boost her in the polls? >> well it depends on who you ask. her supporters, many of them say this is a non-issue. she's apologized before. she is doing it online on facebook and twitter overnight releasing a statement saying that she not only apologizes and is sorry for what she did but also defending herself to some degree saying that she used two different e-mail accounts -- or used one when she should have used two. but she also says that it was allowed. that she didn't do anything wrong and she didn't break policy and that she insists again that she did not exchange any information that at the time was classifi

everything from lockheed martin to, of course, rock -- it's very interesting to see what's going on here, but it is so important to our security. jennifer, thank you very much, jennifer griffin. >>> the closing bell, we are 40 minutes away, holding onto gains for the dow exactly where we started up 181. just about 20 minutes ago when we started this program. we're less than two weeks away from the very first democratic debate. and while hillary clinton and bernie sanders have garnered so much attention, that man, former rhode island governor lincoln chafee is still hanging in and holding on. he will be on that stage as well. he's received his invite, he's accepted. what does he want america to know about him? we've got him in a fox business exclusive. the ultimate underdog. >>> and join us on social media, follow me on twitter -- every single interview that we do, every stock suggestion, we put them on there, so in case you missed anything or you want to double checks, we're right there. you should be part of our family. that's what we are here at "countdown," a family. be a part of it.

. >> by the way, lockheed martin not giving up on the u2. says it's been doing the job for over half a century and it's already paid for. >> thank you very much, jane wells. >> love the name, nick jaggers. let's see how the bond market is setting up for this important fed week. rick santelli is back and he's in action at the cme. hi, rick. >> hi, mandy. whether investors want to admit it or not, if you look at an intraday of ten, it's a pretty compact range and 216, 217 is basically unchanged on the year. so what do treasuries think about thursday's meeting? well, it's anybody's guess, but we're not at 18,000 in the dow, we're at 16,3000, so definitely that market has taken some notice of what may or may not occur on thursday. and if you want to look at september, month to day charts along the curve on the dollar index, it's very enlightening. if you look at a two-year, we are flirting with a small change. 66 is unchanged on the year. ten-year about a ten basis point range. by the way, bund yields are a third of our ten-year note yields and

we've been seeing that culminating with lockheed and there have been concerns that deals like this will eliminate competition. what is your assessment of these mergers, and are they starting to go too far? >> i comment on that particular case. that's being determined at this time. i do remember that back then. what i said then and still believe that it was important to avoid excessive consolidation to the point where we did not have multiple vendors who could compete with one another on many programs, and to the point where we had vertical integrations that made competition among some contractors for work on primes less competitive. so we do need a competitive marketplace to the extent that's possible. within the defense ministry. we thought that then and i think that now. at the time i indicated that i at that time in that role, and i feel the same way now, didn't welcome further consolidation among the very large prime contractors. i didn't think it was good for our defense marketplace, and therefore for the taxpayer in the long run. >> could you follow up so we make sure. >> just to

but that's spurring huge international sales for the likes of raytheon and lockheed martin. however, going back to when i told david i hate this market, nothing i said just now makes me think, aha! this is the level to buy these defense contractors, right here. icognizant this market wants to go down. yet these stocks get more attractive as they slide lower. i think they will only become more attractive as we head into an election year, where all the candidates from both parties seem more inclined to spend on defense than our current president. how about some of these food stocks? this morning, just this morning, general mills reported a picture perfect quarter with good growth, rising gross margins and some obvious expanded version of annie's the natural organic company using to take the supermarket by storm. the stock barely rallied. but that's okay. just think what it it would have done if the s&p futures weren't pulling the whole market lower. mims, as it's known, has everything going for it. everything from a stiff commodity and it can grow, not because the stock goes d

a lockheed martin marking is a giveaway. >> you can see some pretty nice materials. >> reporter: and the tool boxes match this setup. walker says word of the theft has classmates pretty upset. >> a little depressed maybe. like a little sad because they really wanted to donate and help people. >> reporter: it's a lesson about loss that walker hopes will turn into a lesson about good will. >> i hope we get new ones. that's kind of ridiculous that they stole it. >> reporter: jean elle, nbc bay area news. >> it is ridiculous. >>> b.a.r.t. gearing up for upgrades. the entire ticketing system could be in for an overhaul. b.a.r.t. is spending nearly $13 million on those upgrades. those will include updating ticket vending fare machines, gates and parking devices. this should all start next spring everything from fixing the broken buttons right now to getting ready for the future like contactless credit cards and pay by phone. those improvements are still a ways away. >>> san jose neglected hotel may find life helping the homeless population. you've probably seen the plaza hotel, the mercury

ing is to take a look at, general dynamics, lockheed martin and for run grummond and these are long-termthat works against it but this time it works for you because the long-term contracts don't care about a quarter or two of macro economic concerns, and my favorite there is or notal atk. >> josh? >> i think we have to close up 250, 300 today in order to not get into that pitch black sentiment mode from last week when all the rallies failed so if you're bullish cross your fingers that this holds. >> up 284. joe? >> keep your eyes on some financial names, regionals, texas capital, fhn, regents. >> need the financials -- >> i'm with joe, on the financials, but i'm looking at bigger, walls fargo and the big stuff to see how they trade. >> "power lunch" begins now. >> "halftime" is over and "power lunch" and the second half of the trading day starts right now. >> guys, thank you. i'm unruhly bearded tyler mathisen. the rally is on and the big question is how long will it last? long line of market watchers screaming caution. right now the dow is up big tim 2881 point at 16,391, the s&p gainin

lockheed martin is cutting 500 job.ontractor says it's because of a ship in government priority. tiny fraction of the lucky work forced. -- lockheed workforce. matt: people are blasting their air-conditioners -- the cost of power in the new york market surged almost 150% from last friday. pimm: and it is the end of an era at "national geographic." it has been a nonprofit and's its founding in 1988 and now it will be a for-profit operation with rupert murdoch postulated century fox. it also includes the national geographic cable channel. that's a look at our top stories this hour. coming up, queen elizabeth the second, the longest reigning monarch in british history. how much royal highness is worth. ♪ matt: a gorgeous shot of the bay bridge in san francisco on this wednesday, a shortened trading week. i'm matt miller. pimm: and i'm pimm fox. queen elizabeth the second is the longest reigning monarch in british history. while she has ruled over and and resident of time of wealth creation in her country, her own royal for

so you had the lockheed martins, northrop grummans, all the systems interrelated to what we were building, depending who we were building it for. the long and short of it was there was a concern prior to 9/11, which was realized at 9/11, you remember, when southern manhattan went out of service, all of the country went out of service for your cell phones. there was a question that said, in case of disaster recovery, what are the scenarios that could knock out command and control, you knock out command and control, you knock out everything you're using as a collateral consequence. and how would we recover? and so because of antitrust concerns, i couldn't talk with at&t or mci or sprint directly. or the bells in certain regards. so advisory committees were formed under the national security umbrella, and the fcc played on that. that's the network reliability committee. what we were trying to figure out in those days, given the existing law, how could we quickly respond to back each other up, what could be critical infrastructure problems, at what layer in the hierarchy would you be attacked

lockheed is planning to sell or spin off that division later this year.ayoffs are expected to be completed by mid-november. >>> the u.s. futures trading commission deciding whether jpmorgan chase -- that's according to a report in "the wall street journal." the cftc probe claims they owned capital management. >>> also netflix is following its debut in china with plans to expand its service in asia. the expansion is expected early next year. also exploring for expansion into china. >>> united continental ceo jeff smisek stepping down. joining us now is jacob frankel. jacob, what's this whole thing smell like to you? >> well, clearly the company is doing the right thing. they connected an investigation and in terms of what statutes we might be looking at, it brings back thoughts of jeffrey skilling. because on statute which is part of the mail and wire fraud statute has been used to investigate and prosecute state or local officials. so it seems like that is really the guts of the investigation. but i really have seen statutes available in play here. we don

companies such as boeing and lockheed martin, the top two government contractors.nd her private e-mail server. congresswoman pelosi spoke to clinton about the democratic front-runner. -- congresswoman pelosi spoke about the democratic front-runner and says the issue is being overblown. -- i feelvery co very confident she did not receive or send any e-mail marked classified. i think the other side is trying to make something of it. north and south korea are ratcheting down tensions after the military standoff last month . they're holding the first reunions of families divided by the war in two years. each side will send 100 people to a north korean resort. 56,000 south koreans are on the waiting list for such reunions. bon jovi's first performances in china have then shot through the heart i communist officials. they were going to play shanghai and beijing, but they are not happening. it is apparently because wenzhou the used the backdrop image of the dalai lama at a gig in taiwan. gigs in china after showinged support for the dalai lama. scarlet: that's a shame. er

mark: lockheed martin cutting 500 jobs because of shipping government priorities. the jobs are in its information systems and global solutions unit. cutbacks on the way at the nation's largest apartment store chain, macy's. they will close as many as 40 underperforming stores early next year. chief executive is extreme minting with lower price outlets and wants to improve the company's online sales performance. -- is experimenting. groupstate website zillow announced it has completed the lia.gration of tru the integration was slated to be completed by the end of the year. mark: the ceo joins us now with more on today's announcement and his take on housing. talk to us about this combination. spencer: it's a big deal for us. whether they be operators normal type family apartment buildings or real estate agents can buy media and is as will apply. real estate agents have never been able to reach the size of the audience that they now can through zillow group. between 50 and 70% of all people shopping for homes are now on one of zillow's properties. based on your reach

the replacement for a helicopter coming out of vietnam was the lockheed. built, flown, cancelled. >> that was in that period. >> over the last two years, the next replacement was the arh but bell. built, flown, cancelled. have the lessons learned from those three been put in to the new process the army is using? >> thank you for digging those up. sadly, i can name others not just in the aerial fleet, but in some of our developmental programs as well. look, we didn't sit down and analyze virtually every one of those programs. i'm sure somebody has that sitting on the shelf somewhere. but by and large what we have found in terms of our procedures is an overreliance on undeveloped immature technologies of unreasonable requirements and always trying to get the very next best thing. kelsey grammer did a movie called "pentagon wars." probably not totally unreal in terms of how developmental programs have been approached in the past. i think in one instance they were putting a porthole into the bradley. we're doing better there. i can't tell you had we done the t

. >> lockheed martin filing a protest with the government.ncern as $6.75 billion contract the army awarded oshkosh last month for humvee trucks. >> a first look at president obama's visit with survival expert bear gryllis. the two will appear on a special edition later this fall. there you see the president eating a partially eaten salomon carcass left behind by a bear. it was cooked just a little bit over a small flame. yum. comcast is the parent of nbc and cnbc. better him than me, back to you. >> i was going to wince, but i eat salomon sushi. >> luckily a bear hasn't eaten it before you. yes. >> that would be a new restaurant experience. >> yes, it would. >> thank you for now. sue herera. >> could apple have surprise up its sleeve tomorrow? that's next. don't hate the rich. coming up, find out why somebody here says we would be much worse off without the 1%. my name is watson. i'm helping doctors keep people healthy. take ted here. i'm pulling together data he shared from his wearables, health records and family history, so we can analyze

the replacement of the helicopter coming out of vietnam was the lockheed and it was eight cheyenne. it was canceled. the next replacement was the -- byhe told by k boeing. built, flown, canceled. the lessons learned from all of , was it put into the new process the army is using? sec. mchugh: thank you for taking those up. -- digging those up. and some of her other developmental programs as well. analyzeot sit down and every one of those programs. i am sure someone has that sitting on a shelf. by and large, what we found in terms of our procedures, is, like i said, an overreliance on undeveloped immature technologies and unreasonable requirements. always trying to get the very, very best next thing. kelsey grammer did a movie i'm notpentagon wars," sure if use it. it is not historically accurate, in termsotally unreal of how developmental programs have been approached in the past. in one instance they were bradley. porthole into we are doing better there. i cannot tell you had we done the things now that we failed to d thatthe comanche perio would have been fielded, but we found fro

has been surprising is that united launch alliance, which is this consortium between boeing and lockheed united launch alliance chose blue origin to build its next engine. it's a virtually untested company. that's what is so fascinate being it. congress is insisting that ula no longer use russian engines. whether blue engine will have its american made engine in time, we'll see. bezos hopes to have the engine ready for ula by 2017. >> jane, thank you very much for that breaking news. >>> let's turn to the discussion that we were having on the automotive sector, not least of course, porsche with its new electric vehicle. and gm's mary barra suggesting she can go it alone and she doesn't need a tie up with fiat chrysler. david wiston is senior equity analyst with morningstar. good morning. >> morning. >> is it in share holders interests not to do a deal with chrysler? >> i totally agree. i do not think gm needs fca at all. gm is merging with themselves still. it makes no sense to throw the divisions of fca on top of that. there's a lot of product overlap. gm can get the scale that they nee

offering 2 billion in cash for a united launch alliance which is the jv between boeing as well as lockheedtin. boeing getting a bid from that news. the tech stocks moving higher. this ahead of the apple conference or apple presentation later today. semi conductors continuing to gain from yesterday. they were up on the heels of some better than expected earnings guidance. materials stronger along with energy despite the pullback we're seeing in oil today and financials higher as well today. we just want to note a couple of stocks. free port mac morn. strengths in copper. and also continental resources. the company is cutting capital expenditures guidance for this year by 300 to 350 million as the company deals with lower energy prices. it isn't cutting the full-year earnings guidance, just cutting capital expenditures. the dow coming off the best levels of the day. up 133 points. back to you. >> thank you, very much. mary thompson on the floor. let's go to the nasdaq with some of the movers there. >> in the tech sector, it's out of correction territory. now just within 7 % of recent highs.