. >>> and shares of lockheed martin tumbled 4% today. profits at the nation's biggest defense contractor fell 14% from a year ago. that was because of budget cuts and job reductions at the pentagon. dominic chu takes a look at howed sequester cuts have impacted the entire defense sector. >> reporter: washington budget woes were viewed as an overhang on the overall defense industry. but optimism among investors those issues would ultimately be resolved helped propel some of the biggest companies in the business to big gains in the stock market. earlier this month, analysts at goldman sachs said that they think there could be more up side returns because of the recent budget deal and improving margins. there was a similar tone among the experts at oppenheimer who like the larger cap defense companies because of quote budding confidence that the bottom of this budget cycle is finally coming into view. take lockheed martin, the world's biggest defense contractor and maker of the next generation f 35 joint strike fighter. profits fell from th

lockheed martin. let's look at wal-mart. founded and headquartered in arkansas, wal-mart wrote we're committed to reducing our carbon footprint and we're working with our suppliers to do the same. indeed i met yesterday with the general counsel from apple doing exactly the same thing, working to reduce their carbon footprint, working with their suppliers to push for reductions on the part of their suppliers. wal-mart's 2009 sceanability -- sustainability report shows its long-standing commitment to fighting climate change. here's what wal-mart said. climate change may not cause hurricanes but warmer ocean water can make them more powerful. climate change may not cause rainfall, but it can increase the frequency -- frequence and severity of flooding. climate change may not change droughts droughts but it can make droughts longer. every company has a responsibility to reduce greenhouses as quickly as it can. that's wal-mart. that's why we are working at a number of areas, they continue, to reduce our company's carbon footprint

thursday has a host of big capitalization companies reporting but lockheed martin and mcdonald's and microsoft and starbucks. >> lockheed martin, you hear the wonderment in my voice when i talk about it. they had to cover shots for the most part but it's a juggernaut. the stock almost seems like -- i know this is a karma term, but like a destiny stock. it doesn't make sense but it's trade that way. i wish i could say the same thing about mcdonald's, they have gotten on the wrong side of history, other side of my big rich theme, desire by more and more people to eat healthy and avoid the food chain. for many mcdonald's represented the corrupted food chain itself. the good news, there's take resiliency in the low 90s that's surprising. it just doesn't want to get cracked below 93. but you know what, i think wendy's is the horse to bet off in the fast food race, not mcdonald's, i've been right. i would not change horses in mid burger. microsoft is an odd duck. i don't know a sole in it for the earnings, judging by intel's performance won't be that hot. they are in it to hear who the new

first with what's going on with lockheed martin.ng a new defense diplomat report warning ongoing software maintenance reliability problems with lockheed's f-35 stealth fighter could delay the marine corps plans to start using the f-35 jets by the year mid-2015. so, again, those earnings out. outlook issues and now this report from reuters, too, and those shares, lmt down at session lows. back to you. >> and making a new session low, dow jones industrial average. down 222 points on the dow jones industrial average, and that's about 1 1/3%. seen the ten year yield make new session low. so we're seeing the knockoff effect of the sell-off in the dow, s&p and nasdaq push interest rates to their lows of the session, 2.77%. the dow is down 225. s&p down 23 points and the nasdaq down 47. more market coverage in two minutes' time. fifteen minutes could save you fifteen percent or more on car insurance. yeah. everybody knows that. did you know there is an oldest trick in the book? what? trick number one. look-est over there. ha ha. made-est t

. >> whether you're an engineer at lockheed-martin or a schoolteacher, you can use this to really jump start the innovation process. >> remain printing for the consumer in a way that's affordable, simple, real, and fits into your lifestyle. >> it's technology that's growing and making big profits. call it a delicious combination. now the maker-bought consumer line of printer will start at about $400. the 3d systems printer that can print food is due out in the summer and will cost you about $5,000. speaking of 3d printing, here's a way to get just about anything you want printed, this scanner is called zen. point it at an object. and that object is entered into a computer and then it can be printed. they rolled out a version that allows you to aim your ipad at an object. another area here at ces that has been growing by leaps and bounds is virtual reality. it's still hot among virtual gamers. now you can even burn a sweat while doing it. check it out. if you like the idea of suiting up and stepping into a virtual world, armed with a gun, you'll love the omni virtual reality treadmill,

. >> whether you're an engineer, lockheed martin or a schoolteacher, you can use this to really jump start the innovation process. >> present it to the consumer in a way that affordable, simple, real and fits into your lifestyle. >> reporter: it's technology that's growing and making big profits. call it a delicious combination. now the maker bott consumer line of printer will start at $1,400. the 3-d systems printer that can actually print food is due out in the summer. that will cost you about $5,000. speaking of 3-d printing, here's a way to get just about anything you want printed. also from 3-d systems this scanner is pointed at on object and then it's entered into a computer and then it can be printed. 3-d systems also rolled out a version of sense that lets you aim your ipad at an object. another area here at ces that has been growing which leaps and bounds virtual reality. it's still hot among video gamers. that's getting a lot better, and now can even burn a sweat while doing it. check it out. if you like the idea of suiting up and stepping into a virtual world, armed with a

. >> whether you're an engineer at lockheed martin or a school teacher, you can use this to really jump start the innovation process. >> we're mainstraeling 3d printing in a way that is affordable, simple, real and fits into your lifestyle. >> reporter: it is technology that's growing and making big profits. call it a delicious combination. >> it is and delicious. if you want in on those, it is for sale now. it will cost but $1,400. the 3d systems print per prints food will go on sale in the summer for about $5,000. in las vegas, scott budman. nbc bay area news. >> $5,000 for a principler. we can do that. at ces the mobile phone war is getting personal. last night he was kicked out of a private party hosted by at&t. he said he just wanted to see the rapper perform at the at&t party. the battle between the company is getting heated. at&t recently announcing it is offering $450 in credit to t-mobile customers willing to switch carriers. you don't have to wait until sunday to see your favorite 49ers. tonight, plenty of fans greeted one of the team's biggest stars on the peninsula. and plen

>> i think a lockheed martin, enc, i would say the prime minister -- we were looking together at there capital community and many of the companies and there is great strength year. here. israel is built on acquisitions and a part of a security division is a result of the acquisition of toyota. speaking of the prime minister, we were speaking with them the other day talking to them about the strength of the israeli currency. it's the best-performing currency in the world over the last few months. how painful is the currency? allt is very bad for exporting companies because our currency makes everything done in israel much more competitive in the cost performance area. that is a killer. if the local industry, multinational, electronic industries, we are all pledging for the government and the bank of israel to take the right measures to put us back into the competitive zone. it has been an attrition. >> the prime minister actually exportershe tells that ultimately you have to adjust. >> there is always an adjustment. there are some adjustments we don't like to see and that is shrinking

earnings, before the bell -- lockheed martin, mcdonald's. union pacific, after the bell, microsoft. a lot of interest. will they say anything about their ceo search? the bad news out of china is driving the markets this morning. we're seeing markets down across the board. that is the case for u.s. futures. they are down by five points. bit forso leading to a treasuries. the 10 year yield is lower. >> we expected this data to show that the economy was slowing. >> but not necessarily contracting. it is a question of degree at this point. that is also not be official number. getting downng at against the dollar. not sure why. and gold prices are off here it >> and gas prices are elevated. it is freezing here. >> the polar vortex is going south. texas and louisiana are supposed get snow. >> hell is freezing over. >> tom keene is in the mountains. >> i have a vacation in new orleans in two weeks. i want them to be new orleans, not snowing. >> polar vortex come over to you. let's get to the front page. we scour the papers. it is not just china, it is also their internet outage. they call

the ones that people take notice of, na cuss are on lockheed martin and starbucks. all for different reasons. they have been one of the most amazing stocks out there. the stock that many had bet against because of the sequester and they've all had to cover their shorts for the most part. but it never got big. it's a juggernaut. some think that continues when lockheed reports, i know this is a karma term. it's almost a charm to me. it's like a destiny stock. it doesn't make sense that it's traded that way. i wish i could say the same thing about mcdonald's. it's on the other side of my big picture of "get rich carefully." it's designed to avoid the hazards of the food chain. for many, manying donald's represents the corrupted food cheney, itself. there is a resiliency to the low 90s. it just doesn't want to get cracked below 93. but you foe what, i think wendy's is the horse to bet on in the fast food race, not mcdonald's. i have been right. i would not change horses in mid-birth. microsoft's denied duck. i don't know a sole who is in it for the earnings, which judgi

xerox and lockheed martin and bank of america have signed the pledge.vors of the boston marathon bombing and openly gay nba player and stanford graduate will be guested of the first lady when the president delivers the address to the state of the union. we will broadcast the president's state of union address and republican response tomorrow at 6:00 p.m. >> you know my most re-tweeted tweet this morning? >> rain? >> yes, people want to know. >> everyone is talking about it whether for the crops, the yard, or skiing. it is affecting all of us. will it be a drought duster? no. it is on the way and will cause other issues like getting around. it will be slippery. you may have to fine the umbrella. right now, we are moistening the atmosphere and santa rosa and napa, quarter-mile visibility and san jose has a mile, and 1.25 in novato so the north bay and south bay with the thick of the areas and the cloud cover is creating the flight arrival delays. coming into the city, we are in the money 40's to most neighbors blue are coming across the golden gate bridge

what have i done that i have not been able to get mayor tin houston on this show, the ceo of lockheed martin. would you please come on the show and talk about how your stock is the most amazing contractor ever. may i go to larry in florida. >> caller: a big and beautiful always warm and sunny boek ka ra tone, florida, booyah, jim. >> all right. >> caller: we love you so much down here. when are you coming down here with your brand new book? >> i'm going nowhere with this book. >> caller: you got to come down here. i've been trying to get rich carefully but what the heck is happening with nuvera. >> i have not recommended this stock. man, that's been a nasty ride. i got to tell you, dick, you got to come back on and explain to us when this thing turning around. can i go to shane in new jersey? >> caller: booyah, cramer, shane from flanders, new jersey. >> what's going on. >> caller: i have a large position in crease. i reinvested in it last mid-october. it took a hit two days ago after it was downgraded. what are your thoughts? >> you're a gluten for punishment. that's one of the toughest sto

other names to watch the united technologies and general dynamics reporting tomorrow on thursday, lockheed martin, and next week a couple more names to watch, in the meantime they broke overall heading to some record highs, general dynamics, north grumman, buffalo and rayceoand, aerospace and defense is a trend, and these defense stocks that a new high. sandra: now for the latest on the broader market's let's go to the floor show, traders said the stock exchange, cme group in chicago and the nynex. let's start with teddy wiseburg. markets are mixed right now, snowy weather outside, the fed decision looming, everybody talking about that. what is the key focus for the market in the last hour of trading? >> is an interesting day because we had some pretty decent earnings and a lot of it before the opening, stocks opened positive and the dow went south, we are down 130 points at one point and we have been slowly climbing out of that hole but the broader markets have been actually positive pretty much all day. i think on balance of the doubt, has been down and it is a decent day mostly driven by earni

dream hammer's operating system is being tested by lockheed martin.ial use, of course, is the next big market. while the u.s. debates domestic drones, dream hammer is selling to countries like australia which does allow them. a company down under called cybertech which makes this thing is one customer. other buyers do aircraft. one company wants to deploy several at once using dream hammer software. >> it is a critical piece to being able to use an unmanned system. having a ubiquitous system that allows you to operate multiple vehicles and multiple types of vehicles gives you great capability across the planet. >> of course, once you have an open common system, security becomes more of an issue. more on that right now at cnbc.com. >> it makes perfect sense for a place like australia because you have these big open spaces, long distances. at the moment, you have to get ducks flying out to the outback ranches miles and miles and miles away from nowhere. imagine if a drone could do that, deliver medical supplies, mail, fuel. all kinds of things. >> the d

if it's lockheed martin giving money into a campaign account with full expectation that they are goingo get a vote or access or a project or whatever it is, we look the other way at that. >> well, and governor mcdonnell made the point that every president would be found guilty of this if you looked at it that way, because you got donors becoming ambassadors, things like that. and we do draw sort of an arbitrary distinction between campaign money and personal money, especially on the state level where candidates and politicians are allowed to use a lot of this campaign money for personal stuff. they can get a car, a driver, they can essentially expense all of their meals to their campaigns. and that becomes a financial benefit to them that we sort of overlook. you know, and there is a bit of an arbitrary distinction. in this case, i think it was just such an outrageous level of stuff -- >> the oscar de la renta gown, everything. >> i'm not sure i agree that the distinction is quite so arbitrary. that campaign finance is meant to deal with you as a candidate and the entirety of the peopl

so marginalized as a consumer brand that it is just going to be a government contractor like lockheed martin. >> i'm not sure we will go that far. it is certainly an enterprise product right now as opposed to a consumer product. -- a business product. main selling points is always been a security. we know now that the nsa can get into anything. >> they're putting their stamp of approval on it by stepping up and making blackberry their mobile device. >> people not blackberry, but you have the diehard fans who say that they like that keyboard . they liked the feel of it. they bringing the keyboard back. early to talko about the death of the company. >> i think so. they are still a brand value in the marketplace. they have a new management team. certainly the support of at&t. >> what are the numbers here? small.market share is they have lost a tremendous amount. the stock market has written this company off. >> this knock is nine dollars a share. the attitude is, how much cash is on the balance sheet? what are the contracts worth? other than that, in terms of the actual product, you don't hear

summer, both to small companies and drone space and partnering with major defense firms like lockheed martinether the pentagon or foreign government or company to come in on their own and customize the program. that's another first. >> there's going to be billions of devices real hardware systems tied to this global network, right? and so we chose unmanned systems, drone technologies, first one because, a, it was the hardest problem to solve. no one solved that problem. they didn't solve the defense they've been trying to do over there. and definitely in the commercial world it was starting to show signs that it was going to be big. >> now, both lockheed martin and general atomics tell me a simulator tested the software. plan to do field tests. the key censuring it works and it is not vulnerable to hacking. both tell me they know of no other company right now providing an off the shelf solution so easy to use. and relatively cheap basically 50 grand. the senate is holding hearings today on the commercial use of drones over u.s., guys. other countries like australia are way ahead of us. later

one of the biggest customers nasa, lockheed martin. process. liz: you came up with this idea. he always kept the teacher roots. you sign on with president, correct? get them in the classroom. >> we believe every classroom should have one of these to make the things they need in their class. liz: the hot ticket here at ces in a fox business exclusive, they want one in every room, every classroom, every office. it is an interesting thing to check out, the kind of thing you see here at the consumer electronics show. in the next hour, samsung of course you have been watching how michael bay i can't say stormed off, he freaked out and ran off the stage. guess what, he was so overwhelmed by what we were going to show you up close and personal, the curved television. samsung electronics american president coming up. live from las vegas. >> 's going to ask about that, i'm looking forward to that interview. thank you, liz. dennis: in today's media minute. ratings. maybe talented isn't the next thing to be wiped out by the internet after all. th

justice in 2005 to serve as general counsel and senior vice president at the defense contractor lockheed martin years later he joined bridgewater associates, a connecticut-based investment fund as general counsel and in 2013, became elector in law as senior research scholar and hearting to fellow and national security law of columbia law school. ladies and gentlemen, it is my honor to present director, james b. comey. [applause] >> thank you so much for that introduction and thank you folks for giving me a chance to visit with you. you're stuck with me. i'm just beginning a 10-year term. so you're going to hear nine more of these talks and i will try to keep them fresh each time but i thought it would make sense for me to talk about three things this morning to introduce myself a bit to you and share with you what i expect from the fbi, what the fbi should expect from me and then last, what you should expect from the fbi. but let me start by telling you how exciting it is to be back among law enforcement. the most rewarding parts of my career have always been when i'm working cases with federal

right now lockheed martin and all these companies trading at all time highs.istan, sequestration, but look at the sales around the world are absolutely amazing. contrast 2008-201170% of the developing world. is a 50% of previous three years. let's talk about refined petroleum gasoline products. in the last year's sales up 60% to west africa, 52%, north africa. and 30% in asia. the only area down, these amazing profits and amazing opportunities and doesn't get enough income. >> you are betting the rest of the economy to having the u.s. economy in 2014. charles: the rate of growth is significant, and the beautiful thing is it creates opportunity, and whirlpool announcing they would bring back manufacturing these giant commercial laundromats. that is good news. and the global economy they don't talk about enough, exports and company's overseas sitting on the books outside, and create more jobs here. cheryl: u.s. multinationals is what i am hearing. thank you, charles. dennis: allan bloom in the stock market could give a boost to the housing market. cheryl: we are

according to the wall street journal the company signing this pledge to do this includes xerox, at&t, lockheed martina follow-up question. the number of people affected by this minimum wage would be 39% increase in minimum wage but we only have 3 million workers in the entire country, in the entire economy on minimum wage and have the mark under age 25. is this more about symbolism than actually putting money into the economy? peter: you said that, i did not. dennis: thanks for being with us, peter bonds. will the president sounds the right seems and offer up the right tools tonight? here is what they expected it tonight? liberal commentator alan colmes and the new fox business show the independent camille foster. what do you expect to hear tonight and will it succeed? >> i expect the theme of inequality has been talking about for so long. suspected won't be quite as want the. we will hear about the minimum wage and other policies he thinks will help people, be better off in the long run. the one issue a lot of the policies are pretty shortsighted. i don't know that boosting the minimum wage is actua

indicators, another busy day as well for earnings, reports coming from mcdonald's, union pacific, lockheed martin, southwest airlines and united continental report before the open, after the enclose's we'll hear from microsoft and starbucks. >>> there's plenty of cautious optimism here in davos but it only really feels like the imf are raising the red flag over the disinflation trends, the ogre, as christine lagarde called it. my next guest believes this will be the big challenge for 2014, joined by stephen king chief economist at hsbc. why? what are your thoughts in. >> the first reason is over the last 12 months inflation is surprisingly on the downside to a considerable degree well below the targets central banks have set. of course you can see the area much lower than expected and lower than target. central banks mostly assume it will go straight back up to target over the next year or two. that's a complacent view. >> because there's a belief if activity picks up ultimately inflation will follow. that's not always automatic. >> that's the cyclical story. japan in the 1990s, the economy recov

a rough day for lockheed martin as well. it reports a 14% drop in fourth quarter profits as defense contractor sales shrunk amid budget cutbacks. and ongoing problems with the f-35 joint strike fighters could delay marine corps plans to deploy that particular plane. also, chinese stocks all losing ground after an s.e.c. judge said that the big four accounting firms should be barred from working for any u.s. listed chinese companies for at least six months. kelly, bill, back over to you. >> all right, dom. thanks very much. show us a chart of apple. e juwe'r getting word that karl icon has taken to twitter once again. this has been one of the few bright spots in the market today. >> he said he added another $500 million to that position for a total of about $3.6 billion. shares are up almost 1%. >> he's long said it's undervalued and would love to see them initiate that $150 billion buyback that he's been calling for. so carl icon continues to load up on apple, that he's been doing for several months now. that stock up about

is expected to announce that some of the nation's largest employers am including xerox, at&t, lockheed martind procter & gamble, have signed a white house pledge agreeing not to discriminate against the long-term unemployed when making a hiring decision. who will sitsts with the first lady tomorrow night, to survivors of the boston marathon bombing and openly gay nba player jason collins. chosensts are often because they symbolize an issue or policy the president is promoting. c-span radio will have live coverage of the address tomorrow night at 9:00 p.m. eastern. those are some of the latest headlines. when bill and hillary began , hillaryching careers clinton's career began right inside this building. professor. she taught criminal law, trial procedure, the prison project. hillary was a wellesley educated ivy league, law school grad. nixon had been impeached about two weeks before hillary taught her first class. >> first lady hillary clinton tonight at 9:00 eastern, live on c-span and c-span 3. c-span launched its first c-span schoolbus in 1993. visiting hundreds of schools and communities

if you're lockheed martin or raytheon and you want to sell arms, you know the sequester will hit you saudis, emirates? those guys will be buying less from the united states. they're concerned about foreign policy in the region. >> is this fixable? >> it's only a little fixable. >> or is this the long march? >> some of this is obama. some of this is the unwillingness of the obama administration to engage in leadership internationally, a lack of interest in foreign policy. a lot of it is structural. >> you think it will hit business. let's talk about number three, china on this program, we talk about them all the time. it doesn't sound like it's a huge risk in 2014. >> china will do well in 2014. the reason china is a risk, suddenly china's actually moving. there's been virtually no substantive reform in the last 20 years. in 2014 we're going to see it, particularly on financial reform. 5 of the 7 folks in the standing committee are leaving in 2017. they're the ones focused on financial reform. that's not a ten-year plan. it's more of a three hiv year plan. >> number four, iran. >> thi

that's a story here with lockheed martin posting better than expected fourth quarter earnings.f boating estimates. that is a problem here. this is a stock that did quite nicely along with the entire defense industry in 2013. so people are looking for reasons to take money off the table. cfo making comments about military spend in 2014 after sequestration saying that perhaps stabilization will happen this year. >> bottoming out maybe. >> bottoming out maybe. but again, after a huge run, 60% over the past year, what do you do with a stock like this? investors today are of thing to sale after it hit a 52-week high in this session. that does it for earnings squad for this morning. if you want to join in on the conversation tweet us. we will be back with "street signs" with more updates and insights. meantime, coming up on "squawk on the street," stocks still sinking. right now the dow is down triple digits. take a closer look at the biggest movers. mine was earned in korea in 1953. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insur

>> i think there's a lot of weather, the government shutdown if you listen to lockheed martin, things great, and alcoa they'll say aircraft is lumpy, but united technologies say it's a pause and they'll catch up this quarter. >> you were looking at cliffs briefly, casablanca taking a 5.2% stake. >> i thought they had very little value and iron ore had very little value because it's china, but a company said you ought to split foreign from domestic and you ought to do a dividend boost and a national limited partnership. and do you know what, i want to grow hair. come on, anything can happen, but, no. >> is this activism or suggestivism? >> i think it's in the suggestivism. do you know what, remember that scene where judy garland just, like, says she hopes she can get back oz and all you got to do this is a ruby slipper play right back to kansas. you got to have some substance before you say listen, the old cliffs natural is worth a lot more. >> right. >> i mean, maybe cliffs naturals should buy a beer company because those companies are on fire. it's, like, cliffs natural, you know, br

>> martin lockheed is saying they are looking to invest in a number of technology areas including cyberr, ibm. another company $800 million. the reports from the paper here that amazon and microsoft are on on prowl for security startups as well. let's not forget the check went which is the biggest companies worth $13 billion, the inventor of the firewall. there are a few reasons why israel is quite strong in this area. let's not forget the drones. it's a battlefield is tested. they have to deal with cyber attacks on a minute by minute basis. 1000 a minute according to some reports. they have to be on top of their game. you have many israelis, they spend a couple years is a divisions. netanyahu himself helped establish the cyber security bureau which is looking to encourage collaboration between education, this is, -- this is thomas and the ministry -- business, and the ministry as well. and believe the government should lean on and they are encouraging to do so. netanyahu speaking at the event this morning. >> thank you. >> to music. 56 and you will grammy -- annual grammy awards. mackl