united technologies has agreed to sell helicopter maker sikorsky to lockheed martin for about $9 million. atat the same time, lockheed said it would sell portions of its commercial i.t. and cyber business. regugulators must review the deal and some say it test the pentagon's call that major contractors do not merge. lockheed is now among the wor's leading helicopter systemem integrators and would now control one of the wor's helicopter makers. discussing the importance and the challenges the deal might face, rcw all men who headed the policy office during the last merger cycle. stephen grubman of the atlantic council and jeff of the sutherlandnd law firm, neither of whom are engaged in any of t these deals. thank you for joining us. eve, i want to start with you. why is lockheed getting into thee helicopter business advising getting out of that t portion of the i. space? steve: like any big merger, there are lots of regions -- reasons. the annououncements need to be thought of together, the amount that they are going to acquir sikorsky, and that ty are going to divest revenufrom i.t. and

lockheed martin is agreeing the biggest maker of military helicopters. the price tag, $9 billion. heed is the biggest defense contractor. it will focus on making jet engines, air conditioners, and elevators. there wasn't any drama in the vote at the united nations security council. it voted unanimously in favor of the nuclear deal with iran. attention will be shifting to congress which has 60 degree -- days to do the deal. after three weeks, banks in greece reopened this morning. there areed up, but limits as to how much money depositors can withdraw. money cannot be transferred abroad. greece made $7 billion in debt payments. angela merkel suggests that the greeks could get some debt relief down the road. , there was a debt cut and we extended credit terms and lowered interest rates. we consider measures again as they are part of the mandate. we will discuss that very question. one thing is of the question, there will be no 40% haircut on greek debt. ate in new york, workers fast food restaurants may be in line for a raise. recognize willel be raced to $15 an hour. new york's curr

sikorsky helicopter making units are going to be bought by lockheed martin. lockheed has also said it will divest its government information division by a sale and they say they will also be doing a buyback you, 75 million shares, if base this on friday's close, and then also, we are taking a look at the two who have confirmed potential talks. they closed in dutch trading, gaining 14%, pulling back by about 5.6%. they said maybe they would combine some of their units, and analyst today said this merger might not be positive for the broader industry. these are two fertilizer companies, who are concerned with this deal, whatever firm it might take. it might bring more supply into the u.s. market, and that within put a downward pressure on pricing in this industry, so that could be one of the reasons why we are seeing a little bit of a downside on cf industries. all right, julie hyman, our senior markets correspondent, thank you so much. a historic moment in washington, d.c., the cuban flag raised as cuba reopened its embassy for the first time in 54 years. in t

lockheed martin just did that deal.tinationals that sell defense technology do not want to lose that business to the french. tom: would you advise lockheed to sell helicopters iran? ian: not today, but absolutely. in five to eight years time, the u.n. arm embargo goes away. that is the piece that americans were least happy with accepting the deal. you tell me everyone else is gone to sell military to the iranians except americans? i have a problem with that. brendan: our twitter question of the day -- is the euro crisis over? we would love for it to be but it probably isn't. let us know. ♪ tom: good morning. gold this morning is $1113. brendan: paypal make the public debut today. they have a market capital of 46.6 billion dollars. the company committee is little of for me by this completing a spinoff from ebay. we have a rare guess. bloombergs emily chang is here. you're going to be there for the idea -- ipo today. emily: i didn't mean to throw you off. brendan: now that paypal is its own company, what is its market loo

reuters reported lockheed martin has a helicopter from united technologies for $80 billion. the deal expected to be announced this morning in the cards to lockheed martin in the helicopter under the same roof as the 35 fighter jet. big job is coming at barclays. the bank plans to eliminate 30,000 jobs within two years after firing ceo anthony jenkins last month. the reductions bring the workforce to 100,000 by 2017. cuts are good to cut staff in the middle and back office operation. u.s. companies are a little less optimistic about sales in the third quarter after growth slowed in the prior three months according to the latest survey from the national association of business or business investment is expected to be reduced hiring wishes increase out likely to continue at the current pace. take a look at headlines in today's "wall street journal." clinton to push raving about the capital gains tax rate. hillary clinton will propose a revamp of taxes that would hit some short-term investors with higher rates. it would prod companies to put more emphasis on long-term growth. aa

lockheed martin is based in bethesda.t plans to add the company to its mission systems and training unit. financial analyst says this acquisition cements lockheed martin's dominance as a weaponsmaker. in fiscal year 2014, the company received more than $22 billion in u.s. defense department contracts. >>> we now have new information on a deadly midair collision between an f-16 fighter jet and a cessna airplane. the pilot of the air force fighter jet was warped about a -- about traffic ahead moments before impact. that crash happened above charleston, south carolina, earlier this month, you recall. the ntsb released its preliminary reports saying the f-16 couldn't maneuver in time to miss the smaller plane. the father and son aboard the cessna airplane died. the air force pilot ejected and survived. >>> you may have heard about the montgomery county judge who released a murder defendant from jail. tonight why police say they were right to question that decision. >>> it's the video you're going to want to see, giant balance

jeff: i want to bring up a sale to lockheed martin.eed martin announced they were buying something and they were looking to spin out some big divisions. we saw that with dan r. do you think we will see more of that, grow and shrink at the same time? chris: first, united technologies identified them. then they go and execute that. they announced the deal, sell it to his strategic buyer, strategic price, use the proceeds for share buybacks, invest in m&a and growth. that is one part of the story we are saying. optimize the portfolio. a good time to be a seller. on the lockheed side, i have a good returner of capital to his -- they have been a good returner of capital to shareholders. at the same time, they're telling shareholders i am going to divest some businesses i have identified as non-core. so, i am shrinking on one hand, but growing on the other with excess cash flow. it is topical and i think it is a nice story equity investors want to hear -- a good use of capital, but you are not empire-building. i'm wondering if -- you know, t

selling the helicopter unit to lockheed martin.s remaining businesses are not performing as well as expected. 13 straight quarterly decline. verizon added more subscribers. forecast forales the full year. cutting price competition from competitors. the commodities complex coming back a little bit. turned the work. it was rebounding. crude oil has been rebounding as the dollar turned lower. if gold continues on that door turns around and goes higher. for now, the boost in energy is helping energy stocks. that is helping this them into clients in the s&p 500 or little bit of both or. exxon mobil and chevron rebounding. slowa: finally feels like -- summer. volume a little bit lower. thank you so much. in asia the shanghai composite closed up for a fourth day hitting 4000 for the first time since july 1. the hang seng off by half of a percent. the nikkei rosanne cheaper oil and weaker yen. one big story, a seven and two china's ipo has slammed the brakes on what was of the inner year for brokerages. doesn't of shares sales suspending h

. -- agreed to sell the helicopter unit to lockheed martin. .com plans to challenge amazon andide array of 10 million items, there is a $50 ,illion fee per year to shop but they promise a refund if you don't say that much. the has been an nvidia -- an initial investigation into the explosion of the space act rocket last month. the strut in the liquid oxygen tank snapped, but it was made by us of higher, not space act. employees reportedly growing complacent and most of them have only known successful launches. john kasich is officially in. announcing his presidential run earlier today from his alma mater, ohio state diversity in columbus, ohio, the sixth republican candidate to enter the race. mark is there in columbus and joins us now for more. mark, what was your biggest take >>y from the announcement? on paper he should be a very strong candidate in this race ,nd he was unorthodox speech the way he is and unorthodox politician and republican, talking a lot about social issues, social justice. he is a budget balancer, he was the chairman of the budget unity during the clinton

morris: lockheed martin will spend $9 million on aircraft and major components of its government i.t. business. "government matters" starts right now. >>

lockheed martin's ceo must be laughing to the arms race. don't forget about the need for drones, ambarella. the tide is going out and while much of the market is naked we can see who is wearing the snazziest speedos. those like fang and housing and droning and defense. everything else, they're just hoping to stay afloat. ed in florida, ed? >> caller: big booyah jim, from florida! >> right back at you. >> caller: thank you jim. i want to thank you and your team for everything you do for us little guys jim. you guys are great. >> team makes me look good every day. including heather gains, happy birthday. >> caller: thank you, happy birthday. >> she deserves it. she's tireless and tall. >> caller: anyway, today i wanted to ask you about my stock that i think has got a lot of growth even though i think it's undervalued. i know it's $9 off its high and i'm not sure if i should buy more, hold it or sell it. my stock is lowe's. >> all right, the research director, my charitable trust we were banging heads today. do we trigger on lowe's? and the an

. >>> aerospace giant lockheed martin is buying -- they make the current presidential helicopter anddely used black hawk helicopterers and black heed plans to deal the deal with cash and the deal is expected to close by the end of this year or first quarter of next. >>> the national aerospace museum is teaming with kick starter to raise money for the neil armstrong war on the moon. the campaign began yesterday. 46 years to the day that armstrong and buzz aldron walked on the moon. >> sounds like a plan. jill, thank you. >>> speaking of space. the search for extra terrestrial terrestrials is coming up. steven hawking announces a new 100 million dollar project.ave a toddler inside a sweltering car. . i don't have the time to be gassy and uncomfortable, when i'm trying to get out of the house. those are the days you wear sweatpants. i love activia. that is so good. i eat activia every day. enjoying activia twice a day for 4 weeks may help reduce the frequency of minor digestive issues. feeling good, looking good. activiaaaa. my husband has been singing that to me for two weeks. my cut h

a dow jones story citing sources lockheed martin is in advanced talks to buy sikorsky.may be valued at $8 million. >> i believe they own cessna -- >> yeah. >> glad i got that right. dom chu, thank you. >>> back now to the apple story with dan ives. we had a guest on at the top of the show lived in mainland china. mainland china for 25 years. he said the stock market drop he does not believe will impact consumer spending one bit. which then would mean that apple should be okay in china. is that your view as well? >> we're on the same page. apple at this point in china we view that as the top really geographic region in two years. it is really -- iphones are selling like hotcakes there. i think that would be a big up side this quarter. this is a little bit more of bark worse than the bite. with the iphone product cycle as well as the watch and some of these new products in software it is a near-term speed bump on the apple stock that ultimately -- >> let's quickly talk about the watch. here's the problem i see with the watch and sort of this double talk that you often get

. >> lockheed martin engineers used a small explosive charge to see how a panel separates from the orion spacecraft moments after lift-off. >> as you saw here today it was successful. we'll go back, look at the data, see how it really performed. separation is very important. without separation the full panels for the service module will not be able to deploy. >> this video from lockheed martin shows the orion in other tests. the spacecraft will play a major role in nasa's plans to safely transport astronauts to and from places like the moon and mars. >>> a new report is shedding light on the cars americans are now driving. an automotive survey says the typical car in the u.s. is 11 1/2 years old. that's a new record. experts say improvements in vehicle quality have made cars more reliable, so consumers are less likely to scrap them when they buy a new one. despite this americans are buying cars at a high rate, an average of more than 17 million vehicles a year since the end of the recession. >> there's that new car smell. it's hard to resist. >>> next on abc 7 news at 9:00 the california

one of the reasons this happened, this plane being developed by lockheed martin has a huge footprint. 44 states plus puerto rico so there's a lot of incentive to keep this rolling off in the way it's rolling off. >> and there is still however an argument those who favor the continuation of this program despite all the complications that have been seen. what's to that? >> there are people in the pentagon to be very clear including some people who thrie plane who flyplane who are very big supporters of the plane who when they get it to operational capacity that it will deliver generational changes which are innovational, there are problems with the design features expensive to work out, if they can work them out then this should truly be the next generation war fighter. but it may be quite a long way down the road. and as we go down the road and we're discovering more problems with the plane and more problems will be discovered as the plane is pushed further and further in in -- and its capabilities are tested, there will be more needed to fix it. >> arguments that it really is a live t

. >> lockheed martin will play $9 million to by the maker of blackhawk hell helicopter.m # hundred employees and contractors in coatsville. the new deal will close sometime in the next year. >>> starting tomorrow there will be online competition in the online shopping industry. jet.com will offer the lowest prices on ten million items. the website goes out to the public tomorrow with a 3 month new trial. >>> "action news" team is working on stories for 4:00 p.m. tonight. here's alicia vitarelli with a preview. >> reporter: hey rick, the petition that got target to move an item of clothing from its teen section. we'll have that in big talker. >>> it was the simple act of kindness in the face of hatred. why this photo has so many people talking. we're showing you how to save big on your grocery bill. how a few small changes in the way you shop could save your family thousands of dollars a year. take us on the go with the free 6abc news app and watch our newscast streaming on the phone or tablet. coming up in the next half-hour i will join you to dish on tonight, men tell a

. >>> and then the deal lockheed martin is reportedly agreeing to buy united technologies kasikorsky business. the price tag is 8 billion. sa korikorsky known for the black hawk helicopter. and lockheed makes a lot of things. and the ceo will talk about why sikorsky wasn't manage that utx wants to keep in its portfolio. how many companies are going to buy it. >> with the helicopter -- you saw -- you saw the rare metals i think it may have been -- i'm not sure lesley stahl on "60 minutes," anything you want to build, they already know all about, mostly defense stuff, but now they own the world here if the president sleeps -- >> that's the point, he probably wouldn't sleep very well there. >> of course we never -- >>> other deal news syngenta reportedly planning a series of meetings monsanto offering to buy sinyngenta $45 billion. ceo hugh grant, not the actor reports on it. >> i like friendly deals so you know, we need the collaboration. and there's a lot of miles to travel that this one. i'd like to talk to a real person across a real table. so we've got work to do. >> that is a stron

. >>> lockheed martin reportedly agreed to buy helicopter maker for more than $8 billion. it's the largest sale since 20 years ago. back over to you, melissa. >> thank you. >>> just ahead a whacky weekend of golf including something that hasn't happened in more than 9880 years. plus the shot of the day. sports is next. you can call them anytime you feel like saving money. it don't matter, day or night. use your computer, your smartphone, your tablet, whatever. the point is you have options. oh, how convenient. hey. crab cakes, what are you looking at? geico. fifteen minutes could save you fifteen percent or more on car insurance. when were you first considered a family? when you fell in love? when you got married? when you had kids? when did you first fight to be considered a family? when you fell in love? when you got married? when you had kids? family isn't defined by who you love, but how. tylenol®. >>> this morning, on "today," how much screen time is too much for kids? the latest statistics. >>> plus, president obama weighs in on his own rules that limit text time for

lockheed martin. david in illinois. david! >> caller: thank you for taking my call mr. cramer. a big boo-yah. >> back! >> caller: i have a two-part question on novartis. the earnings came out this morning and the earnings were dunn 7%. sales were down 5% but in a quote, unquote, constant currency basis earnings were actually up 7% and sales were up 6%. not too shabby. so of course the stock sells off 2% to 3%. the question is what has to happen to let us get back to picking stocks without pickworrying about the strong dollar and the earnings growth, sales momentum and the second part of the question is the dollar so strong that it's negatively impacting foreign companies like novartis or is this still a residual from the swiss government depegging their currency? >> i think that you explained it better than i can. i think a lot of it is the swiss impact on the currency and but i'll tell you what's going on with novartis. people are figuring out how fast it's growing against pharma and it's not growing as fast as bristol-myers which people are back in love with and it's growing

. >>> a major test for america's space program conducted at lockheed martin facility today. the farm is helping nasa develop the orion space craft. the test focused on how a panel separates as it ascends into orbit. nasa first space craft designed for the long duration mission into deep space. could help transport astronauts to mars. >>> dare devil set the new world record for the longest big rig ramp jump. he barrelled down the run way sending a nine ton freight liner air borne. he travelled 166 feet before the semi slammed down blowing out a tire. the jump beat the old record by more than 100 feet. >> up next swimming off the coast of san francisco. >> how he is doing this hour as he tries to get to the islands. back in a moment. >>> coming up tonight on abc 7 news at 6:00 new video obtained at last month's pride parade shows a man taken down by police in san francisco. his arrest and why police say he won't be charged with anyone. >>> another oil slick off the southern california coast. we will have a look at the damage in a live report. >>> and nintendo teams up with fac

remember the company also recently announced the sale of its sikorski helicopter business to lockheed martin. another decliner on the day was verizon communications america's biggest telecom company. it reported profits that beat wall street estimates, but it too reported sales that missed. while verizon did manage to add more wireless phone customers and boosted revenues for its fios high speed internet phone and tv service, average sales generated peruser fell, thanks to increased competition and promotions that was one of the reasons it lowered expectations for full year sales growth. one of the monthsest bright spots came by insurance giant travelers, it too reported profits that beat analyst estimates on sales that fell slightly below forecast. the company was aided by fewer losses tied to catastrophes that the company insures against and settlement of a prior tax issue. shares were among a handful on the dow that rose on the day. with less than a fifth of companies having reported their quarterly results, a big focus will be on whether the rest of corporate america can help drive earni

lockheed martin reportedly agreed to buy helicopter maker sikorsky for $8 billion. largest deal since 20 years ago. enhance the blackhawk helicopter over to the manufacturer of the f-35 fighter jet. over to you. >> landon thank you so much. >>> let's talk sports right now shall we? we begin at the british open. look at this from brooks 163 yards out. he hit a hole in one on the 11th. what a pretty shot. brooks is the first golfer to hit an ace at the british open at st. andrews since 1990. jordan spieth amateur paul dunn are the big stories, spieth one shot behind the three-way tie. dunn is the first amateur to lead the open after 54 holes. even if he wins he is ineligible to receive the $1.8 million in prize money because of his amateur status. bummer, right? the final round is being played today within four shots of the lead. >>> cliff-diving world series happened saturday in portugal sponsored by red bull. that makes me nervous watching it. divers jumping from cliffs as high as 90 feet. they hit the ocean going as fast as 53 miles per hour. the series will contin

the company agreed to sell be helicopter unit to lockheed martin.ie: new york is hovering above the $50 a barrel mark. we have not seen prices like that since april. it is a buying opportunity. >> i would buy energy stocks now. here's why. energy is the most hated it's been in the history of our data. fund managers are more under dated and they've ever been. analysts cap get it flashing oil prices. they've been doing this for a couple of quarters. energy earnings have been cut to half of what they were at the peak. it might be time to start to look for opportunities. stephanie: it was a year ago that oil began its fall to a six year low. the rebound has begun. there is speculation the glut will persist. there has been an investigation into the explosion of that spacex rocket last month. elon musk says a problem in a liquid oxygen tank was the problem. spacex employees have grown complacent since most of them have only known successful launches. those are your top headlines. erik: coming up, zach johnson to come the british open trophy. there may be

lockheed martin is reportedly in advance talked to require a helicopter unit from united technologies. a deal between the two companies could be worth more than $8 billion. shares rose 1% to $194.19. >>> believe it or not, it was the biggest week of inflows into u.s.-based mutual funds this year. investors poured more than $14 billion into the u.s. stock funds in the week ended july 8th. this according to thompson reuters service. funds that specialize in u.s. shares attracted most of that new cash. >>> now to our market monitor. who like stocks she says is changing the way the world works. she is cathy woods, ceo of arc investment management. welcome, nice to have you with us. >> thank you, sue, happy to be here. >> sounds like what they typically call disrupter companies, is that a correct read? >> yes, we focus on disruptive innovation that's our starting point, and we're looking for companies that are going to change the way the world works, so we spend a lot of time with technologically enabled companies and we're looking for the key enablers size of the market and where the econ

lockheed martin in sunnyvale is designing, testing and building the service module which houses the power and propulsion. years of work paying off. >> that is exactly what's supposed to happen. that's what makes it so fun. >> eventually orion will carry astronauts to mars. but in an upcoming test flight orion will orbit the moon. >> how cool. that's right there at nasa in the silicon valley. jeff, before we leave, speaking of how cool -- when is it going to get cool? >> a little cooler for tomorrow. that's the good news. we start off with temperatures in the 60s. that will feel nice. and by the afternoon, instead of 90s like we had today, we're going to see it drop down into the upper 80s and low 90s. definitely temperatures dropping from what we experienced this afternoon. >> a little relief. thanks for joining us at 5:00. lester holt is next with "nbc nightly news." >> hope to see you back here at 6:00. >>> breaking news tonight. that mystery wreckage from a large airplane discovered washing ashore at an island in the indian ocean. sources tell nbc news it appears to be from a 777, the

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

shery: lockheed martin has agreed to by the world's biggest maker of military helicopters more than $8lockheed is expected to announce a buyout of united technologies' sikorsky unit in what will be the largest aerospace acquisition in three years. it could extend lockheed's status as the biggest defense contractor. last year sikorsky had sales of just under $7.5 billion. yahoo! will spin off its stake in alibaba the move was first announced in january and is expected to happen in the fourth quarter. company will be independently traded and will hold about 15% of alibaba shares. yahoos small business unit will also be spun off. a tell-all book about qantas and the controversial 2011 grounding of the fleet will never be published after the carrier reached a deal with the author. qantas claimed that the ceo's former speechwriter had information that would damage the airline. those are your top corporate headlines this hour. im shery ahn. angie: australia's banking regulator will require the country's biggest lender to hold billions in after capital to protect them from future shocks and m

lockheed martin reportedly buying the sikorsky helicopter unit from united technology for more than aars. expected to be announced this morning as the lockheed weapons manufacturing bringing the make or the blackhawk helicopter under the same worth as the f-35 fighter jet. a fifth service may now dead in the attacks in tennessee last week. the navy petty officer randall smith died from his injuries in the shooting at 24 years old. in a rare summer storm causing me flooding and mudslides in california. the thunderstorm dropped an inch of rain per hour and watched away a bridge that carry traffic into arizona appeared incredible video where professional service or make fan in was attacked by a shark on live tv. look at the spirit of the world surfing champion had to punch the shark. you can see and do it come in the back, just to scare it away. >> i punched him and then it was just dragging me underwater. tree into a spinning mother was watching the event by and said she was absolutely terrified of what she was doing. she thought she had lost her son at one point. the waters are some of

lockheed martin agreed to buy the biggest maker of oteri helicopters.ll now focus on making jet engines and air conditioners. a group calling itself the manages the database of over 37 million members. the group says it will publish the data online unless ashley madison agrees to shut down. the grand slam bid ends at the british open. he missed a birdie on the 17th win his is not going to third major. shares of paypal are rising today in their markets debut. fromusiness was spun off ebay and has been up as much as 11%. the company's long facilitated .ayments across borders the international growth is increasingly important. emily chang takes a look at paypal's expansion into the digital remittance industry and its impact on the movement of money around the world. >> if you want to send money to a loved one overseas, you stand in line, you give cash, there is a large percentage of that cash taken to send money overseas. line to get cash in a high crime area. we think that technology can fundamentally change that equation. mark: had a bit of a technical d

we have lockheed martin agreed to buy sikorsky four $9 billion. with this deal, lockheed will extend its status as the largest defense contractor and wide in its lead over boeing in the united states. lockheed shares are trading higher in the market on the back of the steel -- this deal. erik: number four is greece. greek banks have reopened after three weeks. elliott is back in athens. how significant is it that the greek banks have reopened. there are still some things that ranks -- greeks cannot do at those banks. elliott: on the surface, i suppose it is a confidence measure to give people a little bit of confidence to think that things might be returning to normal. i was at the doors of one vent this opened and they are only partly ajar. you are still limited and the amount of money you can take out. it is only 420 euros per week. you can deposit checks. you can access safety deposit boxes. the other thing that still remains closed as the athens stock exchange. we are told by brokers that it will probably reopen later this week. stephanie: are

mandy, it will be a huge milestone for lockheed martin. >> i certainly hope there are no last-minute . shares of lockheed sitting flat. >>> a major shift is happening in housing. and it may be the new normal. but as we head out, take a look at how the major home builders are trading. most of them to the downside. home depot, kb home, all in the red. i take prilosec otc each morning for my frequent heartburn. because it gives me... zero heartburn! prilosec otc. the number 1 doctor-recommended frequent heartburn medicine for 9 straight years. one pill each morning. 24 hours. zero heartburn. >>> kate they should have sent you to paris for this. >> i agree. uber is suspending its lowest cost service in france. this after weeks of violent anti-uber protests brought traffic to a halt in paris and two top uber executives were arrested for violating french law. in a relouis uber said the shutdown was a direct results of the violence directed at its drivers and customers. company continued to say, "we understand that new technology is disruptive not just for established companies but for the p

defense contractor lockheed martin is sitting up shop there too. >>> the united states women's worldp soccer team is just one win away from hoisting the trophy. >> this is big, and a player from our area is in the spotlight after leading the u.s. on a win last night. wow! carly lloyd also had an assist she helped the u.s. win. they have not played for a world cup since they won it all in 1999. they'll face the winner of tonight's semifinal. the next match is coming up sunday. >>> it was a nice day to be working outside. we saw this guy painting a new building in better win. there was also a nice breeze going today. it wasn't too hot. just a little below our average which was 86 degrees for this time of year. as we head to the next several days, we're not going to go too far above average. i'm tracking rain a few showers for parts of our area. a dry fourth that is the question. i'll show you what some of the latest models are showing. camel beach water park this is the place to be. 84 degrees in philadelphia. feels like temperature at 85. breezy conditions out of the west southwest. o

yesterday, they agreed to sell their sikorsky helicopter unit to lockheed martin. scarlet: mixed results for verizon, adding more than a million customers in the second quarter thanks to tablet promotions. profits beat estimates but they cut their sales forecast for the year. they're having to compete with price cuts by rivals like t-mobile. a shakeup at toshiba over an accounting scandal. the company will have to restate earnings for six years. julia: toshiba announced that his twoident and predecessors will resign over the company's flawed accounting practices in which top executives set unrealistic profit and the resignations are effective immediately. a number of other executives, including two vps will excite and the new management team will be announced in mid-august. pledged to correct its earnings by $1.2 billion. its share price rising 6%. scarlet: toshiba makes appliances and nuclear reactors. singer taylor swift is taking on china, teaming up with the second-biggest e-commerce company for a fashion line for chinese customers. swift is coming to shanghai

lockheed martin engineers used a small charge to see how a panel separates from the space craft moments liftoff. >>> as you saw here today, inside of the successful win, we'll go back, look and see how it will perform. >> this is very important. without separation, the panels will not be able to deploy. >> this video shows the orion in other tests. the space craft will play a test to transport from the moon and mars. >> we want to give you another look at that large fire burning in lake county. we have seen it grow since 6:00 p.m. these are pictures. we've seen one home burning and evacuations are under way in the towns of lower lake and clear lake. this fire started about 3:30 this afternoon and burned 150 acres. that was the last estimate, and sometime ago. it is hot and dry up there with a high of 103 degrees today. low humidity. if in the area and in a safe spot, you can share those with us on social media. use hashtag abc7 now. just a perfect plume of conditions. >> let's get to drew tuma for the forecast. drew? >> we're tracking the conditions now. it's anything but ideal. air tem

. >> lockheed martin. they don't just make planes. this is a great technology company.y trade at 15 times forward earnings. all of the upcycle is ridiculous. every two weeks it feels like they get a new contract. >> that is funny. i caught that. i chose to not acknowledge it. >> s&p, and you can buy it now, and you could not do it before. investors are taking an indexed and long term approach. this will continue to do it. continue to improve, the at&t stock that your grandfather bought a long time ago, just buy the s&p. >>> one big option trader smells some opportunity. mike joins us from his favorite studio, which looks to me, i think, like a chinese restaurant. >> first of all, we don't have general's chicken, we have lobster spring roles here. what we saw on micron technology was a lot of buying of the january 2017 calls. it looked like someone bought over 20,000 of those paying $1.75. how much? 40% or more would be the bet that would make this trade profitable in 18 months. >> all right, thank you for that. enjoy your spring roles. i'll see you next week on option's

lockheed martin engineers used a small charge to see how a panel separates from the space craft momentser liftoff. >>> as you saw here today, inside of the successful win we'll go back, look and see how it will perform. >> this is very important. without separation, the panels will not be able to deploy. >> this video shows the orion in other tests. the space craft will play a test to transport from the moon and mars. >> we want to give you another look at that large fire burning in lake county. we have seen it grow since 6:00 p.m. these are pictures. we've seen one home burning and evacuations are under way in the towns of lower lake and clear lake. this fire started about 3:30 this afternoon and burned 150 acres. that was the last estimate, and sometime ago. it is hot and dry up there with a high of 103 degrees today. low humidity. if in the area and in a safe spot, you can share those with us on social media. use hashtag abc7 now. just a perfect plume of conditions. >> let's get to drew tuma for the forecast. drew? >> we're tracking the conditions now. it's anything but ideal. air te

plus, lockheed martin secures its status as the world largest defense contractor with a big deal acquisitionat and more ahead here. a historic day in washington and all of havana. and cuba restoring full diplomatic relations after more than half a century. the cuban flag being reason -- raise today in the countries embassy and washington, d.c.. we are light and washington, d.c.. i'm going to speak a little loud loud because it is quite where you are tell us about today's ceremony and what does it signify. you have the intersection that turned into a full-fledged embassy. it was the swiss embassy here and washington. you can hear behind me the huge amount of activity. tons of guests have been arriving. a band is striking out. raising about to start the cuban flag here for the first time in more than 50 years. it is certainly a very historic moment for these two countries. we will see the slide going up any moment now, i should think . olivia: a historic moment and exciting moment. let us listen in for a second. [cameras flashing] [crowd cheering] [applause] ♪ [crowd yelling] [crowd chanting]

first, in about a month, lockheed martin will get over a huge hurdle when the marine corps certifiesirst f-35 fully operational. no more testing for the most expensive program ever. second, get ready for the biggest deal the new air force bomber. >> this is what we do. >> it wants this one bad but competing against lockheed boeing which could total $75 billion. whoever loses could get out of the manned military aircraft business all together as there won't be another manned plane in the works for possibly decades. some even think boeing could buy northrop. can spacex fix its rocket to compete for a military launch? if that happens later than sooner, it will be lucrative for lockheed and boeing who own the pentagon's only other customer for doing that. ubs says cost cutting should end this year and that should mean for better margins going ahead. raytheon down about 11% year-to-date. rbc says it is the, quote, most growth oriented defense name out there with the most exposure to the international market by a wide margin. we'll have to see. back to you. >> jane thanks very much. >> hea

it's lockheed martin.stream could be bad because in a conference call they said the coronet jet market is like sold. it's very bad in china. i'm telling you, that lockheed martin what an unbelievable quarter. you have to arm yourself because we're not going to protect you. in asia we won't protect you. in lithuania, nato countries, is russia going to go after -- every country on earth is worried about their military. and sikorsky they sell si course can i? >> yes. >> playoffs in they can't even win a game. >> visa talking about a stock that is up yet again, another name that -- had a very good year. >> 12% growth. people are looking for much less than that. they're still not seeing the money at the pump going to savings. charlie scharf this man is another one of these guys he's in the back coining money. does he want to come on tv charlie? no. at the end he lays a blast on fifa on the soccer and it's basically like guys listen, we're in charge of world soccer too. clean your act up or we're out of here. >>