lockheed martin is going to be next to the military services tent. as you know tomorrow is the marine corpses' birthday, sunday is veterans' day and at the tent we will have postcards that people can sign that we will then send to service members who are deployed overseas. >> what do you do? >> come in and sign them and give some well wishes and we will mail them out and make sure they get them. >> a lot of things going on and all sorts of vendors out there tomorrow. you know if you want to come to the heart walk it's at nationals park. you can -- you can show up. we will have all sorts of things that are going on. not just the walk. we're going to help you -- we're going to feed you. very healthy if i thinks as well. -- things as well. and learn a lot. sportacus is going to be there. come out and ask eric for some fundraising tips. got 15 seconds, shoppers a great job fundraising as well. did you catch them? >> they've done a fantastic job and i think the community as washington, d.c. as a whole has done a good job. so -- whether we caught them or n

lots of news for lockheed martin.ll watch it on monday. >>> traders have been flocking to dividend stocks for about a year but suddenly they're coming out of them. they are running away from them this week as uncertainty builds about the tax treatment for dividends next year. we're expecting a reset if we hit the fiscal cliff, higher taxes on dividends. look at figures. 25 highest yielding stocks in the s&p 500 are down an average of 3.8% just through thursday's close. compare thaa with a decline of only 2.6% for the s&p 500. yes. people are jumping from dividends. we have somebody who says there is one dividend paying structure that will pay you big despite the 2013 higher tax rates. we have the him her to talk about mlps. everybody write this down, mlp, master limited partnerships, which first explain to our viewers what they are and why they are held to a different standard even if the tax rate goes up. >> okay. master limited partnerships were created by an act of congress in 1986. what they were designed to do is

resigning and now incoming ceo at lockheed martin, the nation's top defense company resigning.he incoming coo who was going to replace him will replace him in january. >> thanks for that update. time for the upside call. we take a look back on previous winners. a couple of weeks back dan made a bearish call on jp morgan stock. he has made seven times and here is how. >> on "options action" it's money in the bank. risk less so we can make more and that is just what dan did on his bearish trade on jp morgan. >> if obama gets elected and i know there is a lot of excitement with romney this week i think he gets elected and air comes out of the stocks. >> just going short. >> you can engage in risky behavior. >> the president is right. so to define his risk dan bought the november strike put for $1. dan needs jp morgan to fall below by more than a cost of the trade or below $40 by november expiration. but paying $1? really? >> we have more work to do. >> indeed we do. >> show us how to risk less. >> i sold the october put. >> so to spend less dan sold the october strike put for 50 c

the latest hire, lockheed martin, long-time executive marilyn huson. trend or is the industry growing into a girl's club? jane wells is live in l.a. with more. hi, jane. >> hi, tyler. i think it is just more inevitable over im time as thes women work their way up. on the very day sequestration could begin cutting half a trillion ondollars out of defense. hewson, "it will be a challenge and priority for me personally." she's preparing for an era of smaller budgets, a change for the company she has worked for pretty much her entire career. >> people are here because they are really focused on doing something larger than themselves and that's what we do. that patriotism, that purpose, that being involved with the company where they can be working on some of the most incredible activities and most important work in the world. >> hewson was already moving into the president and coo position but she got the ceo job after the guy who was going to get it had to leave after the company discovered an inappropriate relationship with a subordinate. more women are

>>> lockheed-martin inks a billion dollar deal with saudi arabia. those stories and more coming up at 4:41. >> 9news will be right back right after this. >>> welcome back. 4:39 on this monday morning. still mild out there. relatively speaking. temperatures today are going to be back in the 60s. maybe near 70 in a few spots. a lot more clouds. finishing the day cloudy. some showers tonight. i'll come back in a few minutes and have the mother nature's slap in the face with reality sort of forecast for you when we come back or when i come back. right now let's go over to monika with timesaver traffic. >>> metro is taking advantage of the light volumes on this veterans day. they're running on a saturday schedule. the red line is single tracking from grovener to friendship heights. i'll be back with more traffic at 4:47. >>> it's 4:40. time for the first your money segment of the morning. >> time to go skiing off the cliff. >> no, it's not. >> everybody is looking at the fiscal cliff. wall street hoping lawmakers can agree on some sort of budget deal so

let's check in on an update on a developing story on lockheed martin. with bertha coombs.ertha. >>> bombshell this afternoon. >> first we had david petraeus resigning because of an improper affair and now incoming ceo, christopher cued sec at lockheed martin, the nation's top defense company resigning. after an investigation showing an improper relationship with a subordinate named in succession. the incoming coo who was going to replace him will replace him in january. marilyn hughson shows they have succession in place that's fairly seamless. >> thanks for that update. time for the upside call. we take a look back on previous winners. give you the next move. a couple of weeks back dan made a bearish call on jp morgan stock. shares have fallen about 5%. but he has made seven times and here is how. >> on "options action" it's money in the bank. risk less so we can make more and that is just what dan did on his bearish trade on jp morgan. >> if obama gets elected and i know there is a lot of excitement with romney this week i think he gets elected and air comes out of the s

. >> the president of defense company lockheed martin has forced to resign. he was scheduled to become ceo of the maryland-based company in january. lockheed martin says the relationship violated the company's code of ethics, tempers flare up and down the east coast. >> what do we want? we want power. when do we want it? we want it now. >> hundreds demonstrate in long island ore more than just the lack of electricity. >> this is the best time of my life. i have never been happier than i am today. >> why 1500 people are braving cold temperatures by camping outside for days? temperatures are dropping off rapidly coming up the coolest hour of your sunday morning and what shower chances resurface in our five- day forecast. Ññsxóxgñ . >>> patience is wearing thin for the thousands of east coast residents still without power. here we are nearly two week after that devastating superstorm sandy. >> what do we want? we want power? what do we want it? we want it now? >>> hundreds of people angry over the long wait to have power restored protested outside the long islan

lockheed martin. a defense. aig reported tonight.are, that is a big position for my charitable trust. and enterprise product partners which i wish was a position that has done a fantastic job. we have insurance company, we have a check to credit card play. utility and defense company. some might think that aig is too much like visa, that someone would be wrong. go to b.t. in colorado. >> caller: a great sand dunes national park boo-yah to ya. >> i'll give you a nuggets lost to sixers boo-yah. >> caller: my portfolio is diversified. gld, boeing, ebay, devon energy, and abbot labs. >> ooh. action alert names there. before i get to the gld, may i tell you why i like it so much? barrick gold, many people think it's the best gold company. that stock is down 10% because they didn't do a good job digging up gold. you own gold and then you're a loser. that's not what i want. let's go to work. abbott is a great pharmaceutical. ebay, that's paypal. we like that. boeing, aerospace, i'm shocked this stock is at $71. i'm not crazy about devon. th

. >> lockheed martin faces a sex scandal. ousted its president and future c.e.o. over an inappropriate relationship with a subordinate. he had been scheduled to become the c.e.o. in january. that relationship violated company policy. >> following some breaking news where two people are in the hospital after a car and police cruiser collided. this happened near the intersection of station road and brandy wine road. police tell us the officer was en route to a call and went into the intersection and that's where he was hit. it appears that their injuries are nonlife threatening. now to a developing story. on line for you, wjla.com. police in the district arrest two teenagers after a taxi cab is found in a burning car. what are we hearing? >> this evening detectives confirmed a 17-year-old and a female from maryland were arrested and charged with felony murder. the taxi driver was shot and killed friday night. police later determined the man was shot in the head. seconds later he drove his vehicle into a fence. the car later caught fire. detectives spoke about the ca

. >>> lockheed martin ousted its president over relationships with a subordinate. the board of directors asked christopher to resign from his role as vice chairman, president and chief operating officer. scheduled to become ceo in january. an ethics investigation confirmed the relationship which violates the code of ethics and conduct. >>> censure for allegedly trying to shut down a blogger. the contra costa times says they -- she asked an engineer to stop a her collies man from blogging about her. an engineer firm is working on a plant for hercules. >>> president obama added to his electoral college total. the florida secretary of state says the president drew 50% of the vote, compared to mitt romney's 49.1%. the difference only 74,000 votes. that margin was enough by state law to avoid an automatic recount. the win in florida gives president obama 3332 electoral college votes and victories in of the 9 swing states. >>> a rights organization held a forum to call for the stop of the secure communities program. the united and defensive image rights coalition says it

of lockheed martin. he admitted to having a relationship with a subordinate employee and was asked to resign immediately. he was an executive and supposed to take over as c.e.o. in january. >> tonight, two teenagers have been arrested. they're accused of killing a cab driver in d.c. the victim's body was found inside this taxi which caught fire earlier this week near g gallaudet university. >> if you're going to do that, bud why you kill the person although police aren't releasing the victim's name, he just purchased a house for his wife and kids. >> it's a dangerous job. it's not easy. >> the two teens are from maryland, one of them from waldorf. >> we initially received some tips and that led us to witness information. >> wednesday night, a few feet from the dorms of gallaudet university, police witnessed the lincoln town car burning and the driver still inside. >> reporter: the car became fully engulfed in flames. and why? what's the reason behind this? detectivives expect an armed robbery. >> we are

the man about to take over for lockheed martin as ceo has just resigned for personal relationship matters with a subordinant employee. 51-year-old christopher was vice chair president and chief operating officer of the company. the company says an ethics investigation confirmed the relationship that's in violation of lockheed martin's code of ethics. the board elected the executive vice president to take his role now. we will have much more on this coming up tonight on news 4 at 6:00. >>> still ahead, the food fight over where trucks can park in the district. >>> plus, wendy sits down one-on-one with ellen degeneres. >>> tonight in high school football, it's playoff time and we'll introduce you to some real underdogs that want to shock the world. coming up on news 4 at 6:00 -- >> this is the site of a skate park and it took four years to get this far and now the work has staupd, again. i'm tracee wilkins, coming up on news 4, why folks are >>> you know what, we are playing football in gaithersburg and we're talking about playoffs. playoffs. jim mora -- we're talking about playoffs. most f

lockheed martin's incoming ceo and chief petraeus just the latest in high profile bosses brought downa sex scandal. jane wells in los angeles with the story. >> reporter: it's a story older than "mad men" but much higher consequences and much bigger payoff. several instances. brian dunn stepped down after discovered he had an appropriate relationship with a 29-year-old female employee, getting a $6.6 million good-bye package and led to erm departure of richard schultz. highmark dismissed kenneth melani for lying repeatedly about a woman he hired. two years ago hp ceo mark hurd was forced out after sexual harassment allegations. by an outside contractor. hurd walked away with an estimated $34 million. boeing ceo harry stonecipher left boeing with an $11 million in boeing stock. what may be the most unusual case, earlier this year stryker fired ceo stephen macmillan even though he had come to board members and gotten permission to date a female employee as long as the employee resigned. he did. he still got fired because some board members suspected the relationship started earlier than

he was going to be the ceo but lockheed martin said he violated the code of ethics. he will receive a three and a half million dollars separation payment. the subordinate has already left the company. >>> was we reported, president obama won the state state of florida. it was too close to call on election night. nearly all the votes announced that they boat him 50 to 49.1%. the margin is large enough to avoid an am commuter readout and -- computer readout and romney campaign spokesperson declined to comment. by capturing the 29 electoral votes. president obama 332 electoral votes, mitt romney 206. >>> florida's governor wants to know why the wait was so long at many polling places. more than eight and a half million people vote florida. some waited four hours or longer to caste ballots. >> rick scott looked for ways to streamline the process. >>> there are complaints of voting fraud in the u.s. virgin islands. the attorney general is investigating the allegations. the office did not specify the complaints received. voters in the u.s. virgin islands elected the house

lockheed martin stock in frank further flat. u.s.et is closed today for veterans day as is the federal government. so there is no economic data. we just have a handful of companies reporting results. home builders d.r. horton and beezler and the oil services firm weatherford. u.s. futures pointing to an upward tick at the beginning. slightly higher at the moment. just under 11 points for the dow, the nasdaq caught up just nearly 7 and the s&p at the moment caught up just over a point. ben liechtenstein joins us with his preview of the day and the week. hope you had a good weekend. the s&p down 2.4% last week. do we continue that losing streak this? >> well, if i knew for sure, i always jokingly say i wouldn't be be sitting in this chair right now. but certainly the market seems to be weighted still heavy. there was a lot of energy associated with that selloff. so you mentioned the 2% down side activity. i really notice more the energy associated with it rather than the actual decline or percentage-wise. again 1430 pre-election into t

. >>> also newed tonight -- new tonight, the soon to be ceo of lockheed martin resigned today. christopher cube sick is leaving his post immediately. he served as chairman, president and chief operating officer. the details surrounding his resignation are not clear yet. an acting ceo has been named. >>> the federal government is investigating the controversial passage of recreational marijuana use in both colorado and washington state. today attorney general eric holder from the state's governors to talk about how they would implement the law. the mesh souray laos adults over 21 to have -- measure allows adults to have small amounts of pot. you know, many are promising to offer a variety of alternatives to smoking marijuana. >> canned december -- candies, lotions, soups, barbecue sauce, pizza. you are not taking any carcinogens. you are just using the natural elements of the plant. >> the federal government is considering a lawsuit to block the law from taking effect. 17 states and d.c. allow medical marijuana use. >>> president obama will travel to new york next week to see th

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lockheed martin stock gained a fraction during the regular session. after the close the incoming ceo and current president chris kubasik resigned. the company said the executive had a "lengthy, close personal relationship" with another relationship" with another employee. kubasik is married. the head of lockheed's electronics unit, marilyn hewson has been named the number two and the firm. j.c. penney has had a rough go of it, trying to change its image and offerings for shoppers. the company lost a lot more money than feared in the third quarter, losing 93 cents per share. it suffered its worst ever drop in sales at stores open for at least a year. still, c.e.o. ron johnson said he remains 100% committed to his restructuring plan. shares fell 4.8% on heavy volume. j.c. penney had moved to reduce coupons and sales and that hurt customer traffic. today its pledged it would have a big sale on black friday and release details monday. one ray of sunshine, the boutique stores within a store showed stronger sales and this is a key focus of the company's res

affairs to remember" category, christopher kubasik, who was on his way to becoming the ceo of lockheed martin, resigned after revealing an affair with an employee. cia director david patraeus also resigned friday because of an affiar. reports say google has been cut off in much of china as the communist party appoints new leaders. and gas prices dropped a nickel in the last week to $3.44 per gallon. let's head over to the trading floor now where we find larry levin of trading advantage. good monday morning to you. > > hi angie. > > what will you be watching for direction in this market? bonds? the vix? the dollar? > > certainly the vix, i would first keep an eye on that, because that had some moves when we had those down moves. but then on friday, angie, when we saw the markets pick back up, the vix dropped a little bit. so that would be the first indicator. you see the vix pick back up, and i think we will see a big downdraft, at least at the first part of this week. so traders are still watching the vix this week. let's move on to politics and money. there's a lot to talk about there, inclu

. >>> defense company lockheed martin has fired its president and upcoming ceo over a relationship with a subordinate. 51-year-old christopher kubicik was scheduled to take the position in january, but now an interim president has been named. >>> the edge on maryland tonight, mount rainier police called in reenforcements from prince george's county to help patrol the streets after a big spike in home burglaries. there's been 19 break-ins in less than a month and two more attempts. fox 5's audrey barnes is in the newsroom tonight following the investigation. >> most of these break-ins have occurred during the day when no one is home. on tuesday a student off for election day helped police make wo arrests, but the burglaries are still happening and police say residents need to be on alert. for the past month thieves have been targeting neighborhoods of single family homes in mount rainier and brentwood using a common ploy to pick their targets. >> the general m.o. is there's usually two people involved. they'll go up and knock on the door, try the door knob, see if anybody is home, if any

of lockheed martin to step down. the defense company announced that it asked for the resignation of christopher kubasick after he cheated on his wife with a subordinate employee. she's already left the company. the "wall street journal" reports he will get a 3.5 million dollar separation payment. >>> new this morning, the port of oakland, it's chief is the latest top executive to be linked to the strip club scandal. newly released documents show omar benjamin helped run up a $4500 tab at a texas strip club back in 2008. the port's maritime director james quan submitted expenses for reimbursement. omar is listed on the receipt after quan. no word on what action officials will take against the executives. >>> in other headlines around the bay the man convicted of killing two women at the richmond san rafael bridge toll plaza asked jurors to flip a join on his fate. 49-year-old nathan burriss was convicted of that crime that happened back in 2009. burriss was romantically involved with one of the victims. the penalty ph

the bloomberg maryland index falling on losses for lockheed martin. , many're headed to bwi people will travel from november 16 thru november 27. the forecast is a bright spot. if you chat away on skype, there is more debate over whether it should be allowed. the faa should dictate how people should use the internet which includes making skype calls. calls disturb other passengers. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> what if they whisper while they talke? >> the ravens prepare for their game on sunday. >> here is a look at last night's winning maryland lottery numbers. hey! hey, baby. [ starts car ] were you eating smoked sausage in here? no! no. could have gotten me one. i did. try the unmistakable flavor of dunkin' donuts' smoked sausage breakfast sandwich. it's deliciously irresistible. hurry in today. the smoked sausage breakfast sandwich is only at dunkin' donuts for a limited time. grab one today. >> now insta-weather plus and traffic pulse 11 together. >> good morning. sarah caldwell checking on your morning commute. problems on

a new leader in january for lockheed martin. the leader worked her way to the top. she has two sons. christopher kubasik resigned after a lengthy relationship with a subordinate. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> 6:19. ravens fans looking towards next week's games against the steelers. >> a record-setting performance yesterday against the raiders. >> here is a look at last night's winning maryland lottery numbers. >> now insta-weather plus and traffic pulse 11 together. >> good morning. sarah caldwell checking on your morning commute. this monday at shipping up to be a nice start. we have a new accident on the bay bridge that is blocking the right lane. we are not seeing any delays. the veterans day parade at 7:00 a.m. watch for closures along not vernon. this will happen around 7:00 a.m. this morning. closures at charles because of the was the main break. volume continues to build. eastbound traffic, not seeing a lot in terms of delays. the accident is eastbound of the right lane of the bay bridge. southbound tra

even the giants depend on thousands of smaller companies. 1300 suppliers in 45 states build lockheed martin's 535. boeing's c-17 contain parts in 44 states. all of it could be affected by the possibility of 1.2 trillion in spending cuts. >> when you suddenly stop that, that is when gruing to see catastrophic impacts on businesses and terms of their ability to survive, even. >> if the automatic cuts happen the congressional research service predicts a loss of 1.4 million jobs next year. now the recovery efforts from sandy. tonight more than 166,000 customers in three states remain without power. nearly two weeks after the storm. the death toll rose by one today to 113. fema says it's approved more than $411 million in housing and other individual aid. mark strassmann is in brooklyn, new york where help is still needed. >> new york's veteran's day parade was also a salute to the city's recovery from sandy, at least in manhattan. >> i feel like i'm back in vietnam. >> but 14 miles away in brooklyn vietnam veteran danny smith walked to a gas line to wait for an hour for national guardsman to give

the bloomberg maryland index dropping on losses for stanley black & decker and lockheed martin.f you scare the black friday deals, you may feel deja vu. 90% of this year's black friday ads contain the same items and prices as last year after analyzing 22 black friday fliers. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> interesting. thank you. ravens. for sunday night's big game at pittsburgh. there is a change at the pittsburgh quarterback position. >> here is a look at last night's winning maryland lottery numbers. u >> now insta-weather plus and traffic pulse 11 together. >> good morning. sarah caldwell checking on your morning commute. let's check on some of the area roads. one problem on southbound 795, reports of an accident in the owings mills area. it will be even busier at that accident is there. watch for closures at madison because of the water main break repair. falls road at lafayette will shut down at 7:00 this morning for debris removal. 64 on southbound 83 coming down from shawan road. here's a quick, live look at traffic

do lockheed martin with the lattoral. >> this was a mad dash for "mad money." >> we need a lot of them because there is a lot of chinese to aim them at. >> it is like you are trying toen circle china. >> i get the naval publications they believe they are underestimating the chinese threat. it is like when the 8th army crossed over and they didn't want to be their man with the tenth eye corp. the first division. no thank you. >> put our guys in a bad spot. these magazines, i'm going to have to start subscribing to. coming up. your guide to the poll closings. we'll tell you what to look for a the results come in and later we will talk to robert wolf. and he is a major fundraiser to the obama campaign. first the signal that it is an obama win, but you never know with these things a bit of a -- >> tomorrow squawk special election cuff coverage continues. from the oval office to the balance of power and congress. we'll tell you what the decision will mean. starting tomorrow at 5:00 am eastern. when you take a closer look... ...at the best schools in the world... ...

also today the head of lockheed martin was forced to resign over what the company described as a closenal relationship with a suborder knit employee. >> around the country thousands will spend veteran's day sunday waiting to see if the department of veterans affairs will grant them their disability claims. tonight finding many will be unfair+[;" denied because of railroads made by the va. >> i knew it. >> the department of veterans affairs denied the claim for post traumatic stress disorder. >> what do you have to do? get shot? there is more than one way of getting wounded. >> he was on a navy destroyer ÷ engaged in battle off the coast of the beirut. the va couldn't find evidence he was in combat. >> i did a google search and verified his ship was actually in combat. >> jamie fox was a claims processor. >> i was new and i didn't know what to do. >> he never saw the file again, five months later forced out. the termination letter said she did not send a letter denying a claim. >> i was in shock and confused. >> fox filed a wrongful termination suit. the agency declined requests but in

. >>> the man set to run lockheed martin also resigned from his post because of an inappropriate relationship. he admitted to having a relationship with a subordinate employee. he was supposed to take over as ceo for the bethesda based company in january but the company asked him to resign immediately. >>> in the week ahead bipartisanship is the goal for lawmakers as they work to avoid the looming fiscal cliff. here's a live look at the white house where president obama will meet with business and congressional leaders this week to try to work out a deal. the president said yesterday during a press conference that he is open to compromise but he wants a balanced approach, which could include raising taxes on the rich. this morning on the "today" show republican senator bob corker of tennessee said his side of the aisle is ready to work together. >> i actually see a lot of common ground. the fact is that i think people on the right and the left agree that the upper income can pay more. it's just whether you get it through closing loop holes and deductions. i don't know how the atmosphere could

take a look, i get ask about the fiscal cliff all the time, lockheed martin, lockheed marten is the poster child for the fiscal cliff, they have publicly stated if they get sequestration, they are in big trouble, going to hurt them a lot. lockheed marten sitting at a 52-week high today, i doubt they would be doing that if there was massive concern there is not going to be deal that could be reached in the future on the fiscal cliff. >> bottom line, the market is up on the hope it is will be over soon. let's hope it gets what it wants. >>> the bottom bottom line, will obama or romney win? yes. it will be a while before we get data but look at stocks to see what investors might be predicting about the outcome. bob pisani looked at sectors. as you know, loyal viewer, cnbc put together obama and romney sectors, filled with what they may or may not do legislatively in their administration. here is how they look now, cnbc obama index, not collapsing, down .2. still, down. romney stocks though, doing a little bit better today. that index up more than 1.5%. the opposite of intrade now. we showed y

people who don't understand, you guys get a lot of defense contracts because of general dynamics, lockheed martin working out of a state of long island. how many jobs would you lose if the sequestration hit and the cuts come in for defense? >> to be devastating on all levels. not only defense, especially in ourrstate, but all across all sectors would be devastating. how much more we can do, it is unfathomable at this point. they would have to address the fiscal cliff. just urging washington to do the right thing whether it is simpson-bowles, john boehner and harry reid, everybody getting together. let's get on with it. liz: you got back from my plays were trying to lure jobs from a software company, any luck on that front? >> to have a strong presence in rhode island which they acquired in long island and we want them to stay and grow me very productive meeting face-to-face with the ceo of. that is always a good idea to have a face-to-face meeting. liz: i know we have to go, but quick question, are you preparing two separate budgets for the inevitability? >> of course. those are the types of cuts

liz: boeing, lockheed martin but that is a different scenario because obama did not have massive budgetscenario if obama is reelected and republicans keep the house and not take the senate the fiscal cliffs scenario, . liz: why with romney? >> think of it. they have the deal with the president. you have good deal of then you hit the fiscal cliff. people say at you are predicting obama lending. i am not. but the ball street firms look at this. they put the numbers together. but does it matter who i want to but based on their analysis and is probably the electoral college walk for the president. my sources tell me why with the evangelical win and low voter turnout for the democrats. that is what they say. they have come out with their analysis. >> our both of these yours? >> you don't want to know what is on mine. liz: 30 minutes before the bell rings. i am writing to the nasdaq right now. they are waiting for us. i will be stuck right there for the election coverage. plus the founder and giant comment to people to hear from with the election. i am handing things over to cheryl casone i w

lockheed martin has the best, safest yield. i say that would be the one to get. now a question from the home front. >> hi, jim. bill from bronx, new york. i give you a big boo-yah from the armed forces of florida network. my question is from eog resources. we heard that insiders bought 4800 shares back into the stock is that alone enough for me to put it on my buy list? >> no. but it was an incredible quarter and a great vision for what's to come. i think that company is probably the fastest growing oil company in the world. it's got one of the best managements and i suggest that it is bought not just in the mid teens. i want you to have a full position. fiscal cliff needs a solution. i'm trying to offer one. "mad money" will be right back. [ applause ] >> coming up, testing positive? the market's taken a turn for the worse but cramer is researching ways to keep you in the green. tonight he's conducting some tests. find out if it could give your portfolio a shot in the arm. >> and later, american service? when ever you think of controversial ceo, his turn around

the ceo of lockheed martin just today forced out. it is a pattern and it is not limited to the military. it permeates the entire american culture because we have said that we can pretty much do what we want to. we spent a generation saying there is no such thing as morality, it is old-fashioned. lou: that would be your generation and mine. >> that is exactly right. no thought of divorce, live and let live, free drugs, free sex, what do we expect? i think what we're doin we are e planted seeds when we were young and now they have turned into full and it is choking us. lou: what do you think should happen next? >> the one positive out of all this is i think this will trigger an absolute certainty of an investigation into what really happened in benghazi. it is not yet permeated the% mainstream media. they will not be able to ignore it as a result of these scandals that will now bring attention to it but never would have before. lou: in the most perverse matter, petraeus may have done the nation a service for at least a portion of the d

lockheed martin has confirmed its ceo has resigned over a personal relationship with a subordinate. the company says its board of directors asked for and received the resignation. an ethics investigation revealed he had a close, personal relationship with a subordinate employees. that violates the company's code of ethics and business conduct. for the only time this month, the division leading ravens will host a game. >> the raiders come to town, facing one of the most difficult places to play in the nfl, which would be right here. we have a preview of the game. >> there are no guineas in the nfl. -- gimmes in the nfl, so you cannot guarantee a win against anyone, but that said, sunday is about as close as you can get. the raiders are missing two key players. the ravens have not only consistently won at home, they score more per game than at the road -- on the road. sunday marks his first home game of the season and he is anxious for the pregame introductions. he does not like the spotlight. >> is a home game coming up that we might want the defense to get caught up for. the stadium

wing dimension that is suspiciously similar to the american s35 and a silhouette similar to lockheed martin's f-22 rapture. furthermore u.s. navy officials confirm a russian nuclear-powered attack submarine was detected 300 miles of the east coast of the united states in late october. russia's navy commander announced that on june 1st russian nuclear-powered subs would return to patrolling the world's oceans. lou: fox news national security correspondent. joining me now, former u.s. ambassador. off the coast of a ron. this was peculiar at best. >> is timing may be coincidental. something to do with the elections. what he said when i asked why this information was not released. because of a classified nature of that activity. then normally would not release this information. i think that is strange credulity, but i do think it did not want to make an active war. they pbed, tried to shoot it down, failed. it does not say much for their capabilities. lou: your thoughts. >> well, i think it is outrageous that the justification for not releasing the infoation before the election was that he missio

. >> caller: visa, itc, enterprise product partners, lockheed martin and aig. >> really interesting.i just want to be sure. i'm trying to come up with an average yield in my head of what we have got there. all right all right all right. okay, so we have got visa which we know is not a financial. that is a paper to plastic play. itc, that's a regular utility. it's got not as big a yield as i thought. lock heed martin. be aware, that is a big position. and enterprise product partners which i wish was a position that has done a fantastic job. we have insurance company, we have a check to credit card play. utility and defense company. some might think that aig is too much like visa, that someone would be wrong. go b.t. in colorado. >> caller: a great national art boo-yah toya. >> i'll give you a nuggets lost to sixers boo-yah. >> caller: my portfolio is diversify. gld, ba, ebay, dbn, and abt. >> oooh. action alert names there. before i get to the gld, may i tell you why i like it so much. many people think it's the best gold company. that stock is down 10% because they didn't do a good j

i think the biggest winner is lockheed martin. first because of the dividend, it yields 5%. e current rate of dividend income is second. lockheed like all defense krrltors have the earnings reduced because the government won't be allowed to afford expensive military hardware anymore. and that's point blank the worst end -- of all spending is going to come right down to the fence. want to hedge the bets? grab the stock that has the best exposure to the aerospace cycle and that is boeing. this is a stock that has been buying stephanie lincoln, she recommended it today. i think it plops the moment the defense budget is no longer under a cloud. of course, not all stocks can win if we avert the fiscal cliff. my favorite cliff jumper, intuit got hurt today, as it should. if the tax scheme doesn't change all that much, you may not be frightened into buying the turbo tax program. i know of no other winners in a rising tax declining spending world. that's why it's so darn destructive. people just keep telling me i see on twitter, jim, you don't know what you're talking about. jim, it'