is so i'm sure they're a little bit jealous that lockheed martin is so good at it but they've built quite a lot of success on it and by the way all three of those companies that i just mentioned they're so good at it that their c.e.o.'s are in the top zero point zero one percent of the richest americans based on their. just more proof right of what everybody already knows meanwhile we can't get any infrastructure projects built but all these weapon systems just keep on getting the funding. from the pentagon from congress a real tragedy thank you so much for joining us tonight. thank you. are we taking our last break but only back friday and on happy hour facebook decides that they care about privacy and belvedere. right after the break. story. is if you understand it and the. other part of it and realize that everything. you don't. know is a big. mystery . well the loner so you'll get the real headline but not. the problem with the mainstream media today is that they're completely disconnected from the viewers from what actually matters to those viewers and so that's why young

thirty five lockheed martin seems to have a very cozy relationship with the government lockheed martin scored what many saw as a major victory in the obama administration's twenty thirteen budget so lockheed will have a monopoly on the fighter industry in the united states just last week alone and talk to derrick rose from brave new films and have this to say about the relationship between the government and lockheed martin they have thirty five's a prime example it was approved by a gentleman and pete aldridge who right after he got out of proving that standing and then submitted twenty two spending which is another likely product that month he went to work for lockheed martin on their payroll. oh surprise surprise the revolving door played a part in the beginning of this f. thirty five disaster and let's not forget the other project eric brought up the f. twenty two another lockheed martin project plagued with issues remember last fall when the entire fleet was grounded after they found antifreeze and oil fumes in the blood of the pilots on the program that's on the road to success b

and lockheed martin in particular has been hit with a bunch of damaging headlines about how the governmentut back orders for the f-35 and that's lockheed's next generation fighter plane and it is indeed the money contract. the stock's been performing like a champ. lockheed rallied 17% last year, dramatically outperforming the s&p 500. it's continued to run in 2012. to the point where it's now just $1.50 off the 52-week high. if you only looked at the action in the stock and didn't read the front page of the newspaper, you'd think not only was there nothing wrong with it but something great must be happening to it, hence the new segment. what's going on here? the market being ignorant? or does it maybe know something that the rest of us don't? are these defense cuts simply not as important as they look? or maybe they're being trumped by something even bigger. could it be six of one, half a dozen of another? here's the thing, lockheed martin is not alone, there's some genuine defense pin action here. raytheon and general dynamics, two contractors have been rallying of late and both within st

talk about why some continue to move forward and some are dead on arrival so first there's a lockheed martin and more specifically the f. thirty five program being developed for the pentagon. because as you see there are nearly one trillion dollars to develop purchase and support this through twenty fifty unfortunately there are already more than a billion dollars over the budget and the government has agreed to cover six hundred seventy two billion dollars of that hoops mistake and lockheed martin will cover the us. there's this project on high speed rail in california the estimated cost ranges between thirty billion and one hundred billion depending on who you ask and despite this project being in the works for years as of now it's . still a train to nowhere so why is one of these projects going forward and the other well into railed well i want to talk more about that with someone very familiar with the defense industry michael o'brien a former contractor for the department of defense worked in iraq he also wrote the book america's failure in iraq michael let's start with this example of

lockheed martin ceo and jpmorgan ceo jamie dimon will join us. let's peel back the foil on the at a timer tots. >> this is what else we have coming up from the mother ship. the real i conmy, how many do you have? cnbc's all-america survey is going to give us an unbelievable look at just how big apple is right here in america. in the meantime, the big story of course is the markets today. the big selloff has the strong quarter really limping to the close. the dow, the s&p and nasdaq with their worst day in more than three weeks. well, despite monday's big rally all three are barely holding onto weekly gains. the nasdaq's biggest loss in three weeks comes despite further all-time highs by apple, we just mentioned. more on apple in just a second. in the meantime look at what's going on with oil. it's touching its lowest level in about three weeks and gold extending its retreat from a two-week high not able to breech the resistance around $1,700 for one troy ounce. bob, i wasn't aware gol d di locks suddenly left the building. >> material stocks, cop

basically this shows that since i've made i lockheed martin spent more than twenty three million dollars on campaign financing they've spent more than one hundred twenty five a half million on lobbying and they've also received more than twenty million dollars and earmarks now i know michael this should not be stocking but it still is . i mean what do you think no lobbyist no dice this is this is an example par excellence or excellence of the military industrial complex which are right about it in my book. you just showed the numbers money talks. we want to defense contractor stands that kind of money they are buying boots they are they are bought they are a pain for politicians to vote in favor of. this particular weapon system and that was michael o'brien author of america's failure in iraq. another major story this week the latest in the massacre in the afghanistan incident allegedly carried out by a single shooter a staff sergeant roger robert bales is now going to personally charged with seventeen counts of premeditated murder in a shooting rampage in southern afghanistan ba

was the policy achieve at the pentagon during the obama administration as well as being a form lockheed martin executive. thanks for being here. >> thank you, vago, it's a pleasure. >> let's start out, what does the shift from cost accounting standards to general accounting standards means? >> this is one of the incredibly complex issues that i've had to deal with and so at the risk of simplifying, i'll give you kind of my view on this. the first issue is that there's what's called the aricea or pension protection act and that is the requirement that congress passes to how firms should contribute to the pension funds. so this is a cost to a company. and then there's the cost accounting standards and the cost accounting standards is another government procedure in which contractors who have cost contracts, remember, those are only 25% of all government contracts are reimbursed for their pension process. so back in the '70s when arisa was passed and when the cost accounting standards were first put up, arisa and cast were harmonized, in other words, if you had a union welder and they were workin

basically this shows that since one thousand eight hundred lockheed martin has spent more than twenty three million dollars on campaign financing and they've spent more than one hundred twenty five and a half million on lobbying and they've also received more than twenty million dollars in earmarks now i don't michael this should not be shocking but it still is . i mean what do you think no lobbyist no dice this is this is an example par excellence or excellence of the military industrial complex which are right about it at length in my book. you just showed the numbers money talks. when and when a defense contractor stands that kind of money they are buying votes three or they were bought they were paying for politicians to vote in favor of this particular weapon system that was michael o'brien author of america's failure in iraq. well it's not a secret there is often a fine line between crossing the line and speaking the truth and in the game of politics that most people err on the side of political correctness but for comedians well sometimes the truth is the best ingredient

but that definitely doesn't mean that we're going to stop calling out the worst offenders and lockheed martin one of that next i want to respond with your other watched our interview with stephen webster on the n.s.a. chiefs denial of domestic spying to congress they've kroeger comments on facebook i always feel so much more secure when congress is grilling corporations and government agency heads about how they're violating individual privacy rights congress is of course the same as a touche in that regularly approves legislation that places all over the constitution so yeah i share your discomfort their congress is after all the body that has come together an unprecedented shows of bipartisanship. the patriot act and renew it over and over again also the body there through the fai's amendments and then renewed about when to do so no it's not very reassuring that congress is supposed to be a watchdog for our privacy but i'll still take a member of congress grilling the head of the n.s.a. over one not doing it it's hard to remember to take it with a grain of salt and not to be fooled and then

i listen now first i want to respond to if you would watch my interview with jared crowe on lockheed martin's a lobbying prowess the three one one one commenter on you tube of law he didn't do all that lobbying some other company would come in to the exact same thing don't hate the player hate the game and i certainly agree that the entire system is beyond screwed up there has been for a long time but that doesn't mean that some players in the system are worse offenders and others i think that's a specially true for certain defense contractors were all companies are not created equal the former blackwater stands out an example of that to me so yes the entire system needs to be overhauled but that definitely doesn't mean that we can't stop calling out the worst offenders and lockheed martin being one of that next i want to respond to a viewer that watched our interview with raw stories stephen webster on the n.s.a. chief denial of domestic spying to congress they've kroeger comments on facebook i always feel so much more secure when congress is grilling corporations and government agency heads

speak about obama's nominee for the world bank and bank of america's right to rent program and lockheed martin won big in the obama administration's twenty thirteen budget and some are trying to claim that it's because we're simply better than the rest not though we're going to take a look at the money trail or you have all that i wore for you tonight including a dose of happy hour but first let's take a look at the mainstream media has decided to. write so let me just start this one off by talking about a piece of news that considering the track record of this administration because none of us can really find all that surprising the administration has proved new counterterrorism guidelines for how long it will national counterterrorism center or the n c t c that whole data of yours here's a little breakdown about it from fox news. embattled attorney general eric holder signing off on new rules allowing the u.s. government to spy on american counterterrorism officials are now allowed to keep tabs on anyone for up to five years even if they have no ties to terror until now the national countert

it resulted near the lockheed martin facility. the fire scorched 8,000 acres, injured 10 firefighters and gutted 13 out-buildings. >>> a supermarket operator says it will no longer serve ground beef containing pink slime. it is lean textured beef made from meat scraps treated with ammonia. an abc7 news investigation reveals 70% of the ground beef sold in grocery stores contains this filler. >> when you think you are buying pure with beef and you getting something not advertised that borders on fraud. >> i would certainly hope that i could trust the stores and people selling it to provide ground beef and nothing else, no additives. >> safeway says 80% lean beef and open nature brand never contained the filler. the company won't say if beef with the additive is still on its shelves. super value operates albert son's, luckies shop and safe and other chains. >>> u.s. army pilot may have been trying to show off before a frightening crash that nearly hit troops. video just posted on youtube, this happened in february apache helicopter c

lockheed martin just in to a contract modification with the u.s.avy to construct two combat ships. the work is being done in wisconsin. futures this morning -- a slight bit positive. a mixed close on friday. the s&p is on the rise for a fifth straight week. crude oil is down a bit, $107 a barrel. that is helping to keep prices at the pump high as well. the census is about to release details of people who live through the depression. that will be released next month to the public for the first time ever. scholars expect a records to disclose secrets in a better look at american life. i'm jane king reporting for wbal-tv 11 news. back to you. >> americans are thinking outside the box when it comes to things to do this summer. >> we have heard tastings and wine tours in napa. also the baby boomer generation expected to make a big impact on the housing market. >> 'kids, we're going to the brewery for vacation." thank you. >> 50 degrees on tv hill. two residents in serious condition after an atv accident. >> don't forget to e-mail us your response to our

. >> i appreciate the reference of the boeing, lockheed martin. that is a peculiar type of campaign that sort of bridges the commercial space and the political space. we have these fights for government contracts that do have this feeling of a zero sum, winner take all, they can get quite nasty, people riding the metro in washington, subjected to ads on the metro for things they have no clue what is being referred to unless they happen to be a capitol hill stalker. it's this very strange washington phenomenon of advertising. >> if you're in nebraska and turn on tv at 5:00 a.m. you'll see a farm show where the farm chemicear that gets nem achatod our competitor doesn't, and they're competitive and take each other on, because they're all real product differences. we really have to work hard to find the meaningful product differences. >> right behind you. >> hi, astrid dormer. somebody earlier said president obama is in a difficult, tricky situation right now, known for mostly positive campaigns. but yourself, you said negative ads do work. i was won

. >> i appreciate the reference of the boeing, look heed martin becau -- lockheed martin because that is a peculiar type of campaign that bridges the commercial space and the political space and we have these fights for government contracts that do have this feeling of zero sum, winner take all, and they can get quite nasty and they're conducted -- people riding the metro in washington are subjected to ads on the metro for things that

should be even more worried about foreign threats absolutely i mean the big ones there are the lockheed martin and you know the groups like that definitely don't want to feel treated by foreign governments are these specific targets that are getting it will trade it's coming from foreign countries so right now you're saying that these are not governments that are engaging in cyber warfare and it's individuals but should the u.s. be worried that it that threat will be taken to that next level. oh who's to say that it isn't already i mean you know when you look at the sheer number of views that are going on from some of these countries you have to expect that at least a few of them are state sponsored now and the u.s. has spent spends an enormous amount of money in defense spending and now this is another type of defense how can they be losing two hackers. they've got a few problems i mean the first one is the easy one that the type of talent the type of hacker that's really good at this isn't the type of person who wants to go work for a government so the talent level they're getting is usually

lockheed martin and northrop grumman are here.re looking for future engineers. >> we want to outreach to the local hospitals -- high schools and offer them insights about what it's like to work in the real world. >> to be here is nirvana for the students to look forward to this all year. the winning team will get to the tip kinships next month in st. louis-- to the championships. >> here is a look at what's coming up at 6:00. >> i'm nikole killion with the latest jobs numbers. what the governor is likely to be to any medical marijuana legislation. his reasoning and reaction straight ahead. >> police and federal agents break up a gun distribution ring. i'm will meltzer. 11 news at 6 begins now. [captioning made possible by constellation energy group] captioned by the national captioning institute --www.ncicap.org-- looking for au're job, it seems more employers are hiring. >> nearly 250,000 were added. nikole killion it is in washington with more. >> this is the strongest three months of growth we have seen since the great recessio

. >> big corporations like lockheed martin. even the u.s. army as they help develop future engineers. >> we want outreach for local high schools and try to offer them insight as to what it is like to work in the army and real world. a winning team will get to go to the championships next week. >> 9:33. 36 degrees on tv hill. post menopausal bleeding could be much more serious than you think. coming up a rare cancer that can be hard to spot. >> and you don't want to mention in special shopping offer from our shopping gue rye, right, john? >> that's right. i hope to have some cool weather -- a chance of rain in th >> let's look at our radar-satellite combination. the snow is diminishing up in new york state. a disturbance spinning off the coast of new england and cape cod there. they are getting coastal storms up there in michigan as well. but all that activity is going to be held to the north. here part of the south. a little chilly, but at least we're sunny. 35 degrees at the airport. 37 at the inner harbor. at this time of year, these are n

. >> big corporations like lockheed martin and drummond sponsor the schools. >> outreach to the morne high schools and trying to offer them insight when they work in the army and real world. >> but to be here is nirvana and the winning team will go to the championship next month in st. louis. >> bright young kids. >> looks like fun. >> speaking of bright, it will be bright during the day today. daylight savings time kicks in. so we'll have a nice day today, but 47. 60 though the rest of the week. >> love it. >> thank you for joining us, everybody. "today show" is next. have a great day. >> when wbaltv was granted a license to broadcast local news, they made a commitment to viewers, to be there in a time of need, time of tragedy and emergency. a time of great celebration and triumph. in this year, there is also a need for wbal to be there with news and information quh you need it. that's why you have seen ours become a robust use of mobile information for families on the go. now we are adding newscasts when you are available. we launched our 10:00 p.m. station which can be found on com

. >> a lot of people say it's like a needle in a hay stack to try to find that lockheed martin. >> lockheedartin is one of our sponsors. >> you think if you do, and god with you, if you do fin that do you think there is hope of finding maybe skeletal remains? >> well, turns out that the skeletal remains of amelia earhart were probably found in 1940 on this same island. >> how so? >> well, this was a rumor that nobody believed for years. but now we know for sure and we've known since 1997 when we found the original british paperwork, that in 1940, three years after she disappeared, the bones of a female castaway were found on this island, like a castaway's camp sight. and they thought it might be amelia earhart at the time but the bones were sent to fiji where the british headquarters were, officered as being male, and based on that the british didn't say anything to american authorities and the whole thing -- they closed the file. it was sort of forgotten. but the rumor persisted. we found all of the paperwork in an obscure archive and found the measurements the doctor took. we gave them to

we like lockheed martin, 4.5% yield. or merck, 4.4% yield.hese are companies that have a history of continuously increasing their dividends, and if and when we get into an inflationary environment, they'll be able to price their products and increase their dividends. >> where are you on the financials, which as we just pointed out have had a notably rough day? >> we actually think the u.s. economy is pretty well positioned. not exciting, 2% growth in 2012. but as long as the economy and the u.s. avoids a recession, financials ought to do well. >> thank you very much. i'll find my friend, mary thompson. how are you? >> hi, tyler. >> they called it super tuesday. but it wasn't super tuesday. >> it is not the super tuesday. what's this, the third anniversary of theists day bear market low? again, revisiting low levels today. although as bob pisani was pointing out earlier today, we've really seen this slow and steady climb in the market since last october with very few blips. which is what we're seeing today. some might call it more than a blip.

the war in both iraq and afghanistan are little support and yet for a handful of corporations lockheed martin, halliburton are immensely profitable as the war is through a segment and always has been. so, i think that we -- unfortunately a power words become centralized in the hands of a select group of corporations that are more powerful in the state itself. it is with the american political system to vote against the interest of goldman sachs and unless we thwart that power, we are doomed because corporations, unfettered capitalism wrote a great book about this in 1944 called the great transformation turn everything into a commodity. under capitalism is a revolutionary force. human beings become commodities, the world become a commodity that you exploit until exhaustion or collapse and that's why the environmental crisis is intimately twinned with the economic crisis and if we don't somehow find a mechanism or a way to break the power of the corporations they will continue to trash the ecosystem to the point at which wife or a huge segments of the human species will be unsustainable. >> chr

broadcasting live from the uss intrepid all day with exclusive interviews including jpmorgan ceo and lockheed martin ceo. big great day on wednesday. please join us. we're back after this. to put your cash? here's one you may not have thought of: fidelity. now you don't have to go to a bank to get the things you want from a bank. like no-fee atms -- all over the world. free checkwriting and mobile deposits. now, depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidelity. >>> credit card >>> credit card stocks have been on fire. mastercard and visa trading at all-time highs. american express and capital one hitting new 52-week highs. american express is taking to twitter. according to young card holders with special office and they're not the only ones. a lot of credit card companies using social media to sweeten the deal this after they were told to stay away from college kids when the credit

also special interviews with the vice president of the chamber and ceos of jpmorgan and lockheed martinns." for more information or to tell us how your company is helping with the effort, e-mail us and we'll connect you with the chamber of commerce. >> in all honesty, we're very proud of that program, to be associated with it. take a look at the markets. positive in the s&p. still negative in the dow by about three points. >>> let's look at charts of the day. i chose to look at natural gas. if natural gas is so cheap, why is my heating bill so high? >> you like a warm house. >> i do not like a warm house. i like it cool. look at that. almost a ten-year low on natural gas at 2.18. i guess that's per thousand cubic meters or whatever it is. >> we were talking a lot about housing and how lumber demand may be up at the home improvement retailers. it's really not reflected in the lumber chart. we are up 1% today. if you look at a longer one-month chart we haven't seen the type of move that we saw -- >> so often we have a stock story. we talk about it. the next day we don't talk about

set off a frenzy of invention as engineering firms like ibm, the martin company, later known as lockheed martinric sold their inventions to nasa. on february 20, 1962, 10 months after yuri gagarin made history, an american, john glenn, orbited the earth. glenn over radio: roger, zero-g, and i feel fine. the successes kept coming. the first manned gemini launch was in early 1965. in june 1965, ed white exited his capsule 135 miles above earth to become the first american to walk in space. the pictures from the gemini missions are breathtaking, but the boots white wore certainly look very different from chris's father's. white floated around for about 20 minutes, and when mission control called him inside, his only response was, "this is fun." white reluctantly ended his space walk, saying, "it's the saddest moment of my life." i received an e-mail from the history detectives office, and they're telling me that the westinghouse archives were partially lost in the mid-1990s. i'm not even sure how this contraption might have worked, so i'm headed to carnegie mellon engineering school to meet with d

we've got the lockheed martin ceo and a big interview with jamie dimon.he housing, economy, everything else coming up on hiring our heroes "street signs" in 20 minutes. >> we look forward to it. see you then. this is the water cooler of the day certainly. jetblue ceo on damage control after one of his captain's completely loses it, has a midair meltdown. jetblue has now suspended. >> sue, we are learning more about the captain. he has been suspended. he's been flying since he was a child, piloted 35 different aircraft and approaching 18,000 hours of flight time. in this video you'll hear him freak out in the background after being taken down by passengers after being locked out of the cockpit by the co-pilot. [ inaudible ] >> witnesses say he screamed about a bomb, iraq, told them to pray. the co-pilot managed to get him autoof the cockpit. an offduty cop was there to help. he's a standards captain, meaning he may have helped develop the very procedures used to remove him. jetblue ceo says he's known him as a consummate professional and tried to highlight

if you think defense companies are shaky, well, look at lockheed martin. dps when you talk about share price depreciation on top of the yield. the stock is about $2 shy of a new high. and another utility, but it's more gas focused. now, the california based company yields about 4% and seen solid share appreciations. i want to talk about tobacco stocks. they're classic dividends plays. yield's more than 5% and the stock up 23.5% in the last year. put all those together, tyler, that's pretty good return. >> that's a nice return. brian, thank you very much. up next on "power lunch," a wild week for stocks and commodities. so how should you position yourself heading into next week? we'll tell you when we return with the trader triple play.  the other office devices? they don't get me. they're all like, "hey, brother, doesn't it bother you that no one notices you?" and i'm like, "doesn't it bother you you're not reliable?" and they say, "shut up!" and i'm like, "you shut up." in business, it's all about reliability. 'cause these guys aren't just hitting "pr

lockheed martin. >> aerospace, defense and also technology as well.m military sales at lockheed martin. 7,000 jobs opening worldwide. now, they are across the country. they're across the world. you may have to move. they've got several -- not going to surprise you, engineers, i.t., program managers, they're headquartered in bethesda. but again, 46 states across the country and there's openings worldwide. you have to go to the web site for that one. >> your next item i like a lot, it's pnc bank, there are a lot of good jobs in local banks that people don't think about. you can work your way up to branch manager and make a lot of money. >> look, 1,000 openings right now. and here's the -- you just hit it. most of these in pittsburgh, i want to highlight that at pnc but the smaller banks and regional banks are doing better because a lot of customers are saying forget the big bank, i don't like you anymore. we're seeing a shift in customers. they're hiring tellers, financial advisors and mortgage loan officers. there are jobs at pnc but mostly pittsburgh.

lockheed martin c.e.o. talked about a lot of income tax that is happening -- their suppliers might go, you know, belly up in the meantime. how do you deal with that and when do you propose dealing with the deficit issue, the larminger deficit issue? >> -- larger deficit issue? >> well, what is provided for in the budget control act, which everybody agreed to last year, sets the defense, nondefense firewall for this coming fiscal year. so that's been decided. the question is sequestration which takes effect at the end of this year. that is what has to be addressed in some longer term plan, and i will propose a longer term plan at some point in the future. we are talking to colleagues about that now. but the first requirement i have, the first responsibility was to meet the april 1 deadline set out in the budget control act law, and i do that today. >> so when do you propose to get that done? >> that is why my own believe is, we are in a very unusual situation, and people are kind of trapped by what they know

cnbc's brian sullivan will be on deck with exclusive interviews with jp more eo jamie dimon and lockheed martin ceo robert stevens. >>> coming up on our show, the ceo of toll broes. he made positive comments on the housing market. hear what he had to say coming up next. >>> welcome back. there's just one piece of economic data out. federal durable goods. that eat's's at 8:30. meantime treasury secretary tim geithner makes not one but two appearances on capitol hill today f he testifies before the house appropriations committee and the senate appropriations committee on foreclosures and student debt at 2:30 p.m. >>> meantime the ceo of toll brothers says conditions aring look really good in the housing market, especially for the high end. the home builder is having its best spring in five years with orders up significantly. >> we've been waiting for this. we've been ready for this. mortgage rates are incredibly low. buyers have been on the sidelines now for five years. confidence is back. there's a flight to quality and i think we're benefiting from that. we're a luxury home builder. we tend to

there's the head of aerospace at lockheed martin. there was, of course, buzz who's been on the moon. we introduce ourselves, and it's tough to follow buzz, you know? i've been on the moon. okay. we're done. i got nothing. [laughter] i got nothing on that, okay? [laughter] you know, i'm -- what was in the meeting, what i noticed was that everybody there reeked of testosterone because they were captains of industry, heads of agency, former, you know, security advisers, even the women had testosterone. like i said, the securities analyst for wall street, anything she would say or write about your company would affect your stock price. you know, they treated her kindly. [laughter] now, why am i taking you down this road? i'm just trying to share with you my baptism into this world of aerospace and nasa and what i've done about it since then. all right. that commission was formed because -- oh, back up one moment. twelve members of the commission. it's a white house commission, but the rules are six members are appointed by congress. six

>> how do you deal with things -- the lockheed martin ceo spoke last week about the impact, that their suppliers might go belly up. how do you deal with that and when do you propose dealing with the larger deficit issue? >> what is provided for in the budget control act which everyone agreed to last year set the defense cannot non- defense firewall for this coming fiscal year. that is been decided. the question is sequestration which takes effect at the end of this year. that is what has to be addressed in some longer-term plan. i will propose a longer term plan at some point in the future. we are talking to colleagues about that now. the first requirement that i had was to meet that april 1 deadline set out in the budget control act law, and i do that today. >> the conventional wisdom is that something would happen in the lame-duck but there is not that much time to get that done. >> that is why my own belief is -- we are in a very unusual situation and people are trapped by what they know from the past. in the past, we have dealt with budget resolutions. that is not what congress and

lockheed martin. the nurm creasing the price target. >> 30% dividend last year. they can't stop this fight with express scripts. >>> i would tell you it is all olive garden driven. >> pier one. >> the website should go live this summer. this company, it is a remarkable turn around. >> leak wireless. >> they need more capital. >> strong sales nike. underarmer a tech stock. these companies are remarkable innovators. when you think about technology you shouldn't just be thinking about what people think about what it comes to peripherals or information technology. there is a lot of companies including under armour and nike. i like these stocks. >> for more on these stocks go to the website. very little market action in terms of china reaction. there is not reaction there. >> watch the jjc. copper trying to rally last week. i know that the inventories are really way, way -- there is a less copper. the demand will outstrip the supply because the supply is too hard to get. >> one of the biggest losers in the s&p 500 we showed you before is free port mcmoran. 3%. >> a ni

consider to be completely club credit relationship with the primary manufacturers in this case lockheed martin and all of whom were in my view focused on providing the people we needed and the assets needed to get to the bottom of the problem. we also took the results of the protest that the general and his team had run and his recommendations for the dynamic tests because some of the things that were occurring in the aircraft in the incidents happened in the air couldn't be repeated on the ground and during what i would say is a challenge to test to the life-support system and the on board oxygen generation system, the believed that the needed to special the instrument benet 22 integrated in the air to determine whether we could find repeats of the incidents and get the root cause. as we took the basic results and recommendations for the flight test, worked through those in detail and established a flight test series of protocols for measuring the system we had if you were to see the picture over 40 installations on matter plan to try to understand the entire process of producing oxygen for t

in this case lockheed martin and honeywell, all of whom in my view or totally focused on providing the key people we needed an assets we needed to get to the bottom of the problem. we also took the results of a ground test that they had run. his recommendations for dynamic airborne tests because some of the things that were occurring in the aircraft in the incidents happened in the air could not be repeated on the ground. during what i would say is very extensive challenge tests to the life-support system and particularly the on board generation system, they believe that they needed to instrument and f-22 and get it into the air to determine whether we could find repeats of some of the incidents that had occurred and help us get the root cause. we took their basic results and their recommendations for the flight tests, worked for those and established a flight test series of not only profiles' but protocols for measuring a system. if you receive the picture, over 40 censer installations on that airplane to try to understand the process of producing oxygen for the pilot. as a result of

commercialization and communications medium frequency systems such as the medium frequency system also the lockheed martin post accident functionality. despite all the progress, the explosion at ubb serves as a reminder more remains to be done. following the disaster, the secretary of labor requested the director to the independent of speed at ten to assess the problems and out comes of the internal investigation. i was appointed to that panel and i speak to you next about my role as a panel member. it wasn't cleared prior to its release. all of the operators must take a proactive role to ensure the safety of the workers and as the accident investigations have concluded, massey crossed the explosion at the ubb line. it's impossible to nome how many deaths have been prevented from the enforcement actions yet in those and sent to the consensus we must understand, learn from and to actions to prevent her devotee the cut future occurrences. the internal investigation team was thorough and disclosed every deficiency that it found in its enforcement performance. the review of the internal review for other disas

ght how do you deal with thing like the defense department and lockheed martin lot of this happening and suppliers going belly up? how do you deal with that when dealing with the deficit issue? >> what is provided that everybody agreed to last year sets the defense and nondefense fire wall for this coming fiscal year. that has been decided. the question is sequestration which tass s howngsct at the enf this year. that is what has to be addressed in a longer-term plan anti will propose a longer-term plan at some point in the isanture. talking to colleagues about that now. the first requirement i hav>> first responsibility is to meet april 1st deadline set out in the budget control act and i do that today. ght conventional wisdom that there's not much fine to get that done? > havei p own belief -- we're i veryity nusual situation and people are kind of trapped e a what they know from the past. in the past we have dealt with budget resolutions. that is not what congress and the president did. instead we passed the budget control act. who are no longer tied to the april 1st deadline. tha