guest: it took two shots at northrup. host: do you feel like it has had the same end result, are not necessarily? guest: we could have saved the government a couple billion dollars every year. my biggest disappointment in my entire business career was the justice department's stuff stopped it. the government can do whatever they want. but the way it was handled was a huge disappointment. i think it would have been a great transaction. guest: so basically the pentagon had come in and said, you all need to start combining because we don't have enough business to sustain all these companies. there was a point at which they said, no more. host: we had no -- guest: we had no idea. did not quite catch onto. host: it's interesting. where their concerns at the time of the merger on whether or not it would be a success? guest: there were a lot of concerns. i talked a lot to people in other industries who had done mergers and acquisitions. it turns out that about 80% of the mergers fail, at least at that time. your chance for succe

in business because it keeps e-mail secure, or how about the gigantic $8.52 move in the stock of northrup grumman? that's the most in a year's time. it reported a knockout pair of earnings and sales that really dazzled the street. right now the demand for defense equipment is off the charts. by the way, it's not just from this country. it's from the rest of the word. remember, we're not the world's policemen anymore. everybody else is policing, and northrup grumman is following the pattern established yesterday by lockheed martin, which also dramatically raised its guidance. how about one a little harder to gauge? it looks like there's a stirring demand for money. that's right, money as money lent by banks. we heard that yesterday from beth mooney, the ceo of keycorp. then we heard it today from with the rate hike on the horizon, these regional banks remain a terrific place to go. don't sell them. buy them. what about the flip side? who doesn't have demand? who do we need to worry about? i think there are some possible opportunities here, but let's begin with edwards life sciences, which

sidehen we have a second and we took from solomon northrup's own riding, the description of williams' private jail where he was captured and we are using images from in 1836 broad side -- slave market of america. so, we have to bring this history to light and we have to continue -- those of you working on your dissertations know there is more research to be done to find out the history of our places. [applause] did you have a question to pose? mr. franklin: what was it like working at frederick douglass? mr. stanton: frederick douglass was my first superintendency, and it includes areas in d.c. and it included parks within washington, d.c., and maryland. 1970 by theted in first negro superintendent of the park service notwithstanding young had served as the superintendent 13 years before the park service. swiss signed into law by president kennedy. most of the women at the frederick douglass association, the national colored women club, -- the leadership of its first there wasdent, but 542,000 dollars that was the initial restoration of the home and proudly that happened in my first s

northrup grumman is following the pattern established yesterday by lockheed martin. how about one a little harder to gauge? it looks like there's a stirring demand for money. that's right, money, money lent by banks. we heard that yesterday from beth mooney, the ceo of keycorp. then we heard it today from huntington bank shares, both big gainers. with the rate hike on the horizon, these regional banks remain a typical place to go. don't sell them. buy them. what about the flip side? who doesn't have demand? who do we need to worry about? i think there's some possible opportunities here, but let's begin with edwards life sciences, which developed a breakthrough heart valve replacement that lets doctors performance life saving surgery without breaking open your chest cavity. you know how it works if you're a close watcher of the show. we saw it with ulta salon. at a certain point the analysts figure out the game and raise their estimates where they couldn't be crushed any longer by the company. does that mean that demand has slowed? for some aggressive money managers,

we landed marquis we won companies helton, volkswagen of north america, saic and northrup, and in northrop grumman. we won accolades in my first day as governor. i am proud of those achievements. i am proud we do them together. i am especially proud that we did them in the midst of the worst recession since the 1930's. and in the midst of a global fiscal collapse. we are here today because we have a senate issue. we have to fix congress to end gridlock, gridlock that is blocking progress to important goals. we need to fix the economy. we have to grow an economy. to do it, we level the playing field for small business, we invest in infrastructure and we wind the talent race that will allow us to out educate and out innovate and come up with the industry's of tomorrow. we've got to fix the budget. to do so we need a balanced approach in the short and long-term and i hope we will talk about that short-term sequester challenge. the most important thing we have to do is "results over rhetoric." put partisanship over -- partnership over partisanship and substance over soundbites. if i have the h

the good, northrup moving higher after the company topped estimates upped full year revenue and forecastp 3.2% after a couple of other defense beats from boeing and lockheed. on to the bad here, pandora shares down by about 5% after they reported their third straight quarterly loss, pointing to a decline in active users. and it is a really ugly day for edwards life sciences after the medical devicemaker reported lower than expected international sales of its heart valve devices among other factors, even with a 14% decline, by the way, the stock is still up 24% year to date. >>> keep your hands beat inside. coming up, we're checking in on the theme park economy. the six flags ceo joins us next. it's your tv, take it with you. with directv and at&t, watch all your live channels, on your devices, data-free. switch to directv and lock in your price for 2 years. offers starting at $50/month. but they demand the best shopping experiences. they may want the latest products and services, they're your customers. and by blending physical with digital, cognizant is helping 8 of the 10 largest u.s.

. >> this comes after better than expected lockheed, better than expected northrup and boeing. >> correctwhen you look at -- the defense division, margins of 10.4%. they're operating at a slightly better rate than when you look at the company overall. >> phil, thanks. phil lebeau. >> you bet. >>> in opposition to the at&t and time warner merger, it's idiotic. that's the latest holman jenkins op-ed. joining us now is holman jenkins from "the wall street journal." you want to go with idiotic part first? >> this is going to symbolize how corrupt the merger process has become. their whole fortunes are hanging on these deals. you can't take the government to court and fight these things. so basically they're going to have to sit there and be shaken down for whatever the government wants from them. then they're going to have to decide if the deal still makes sense. that's how they do it these days. >> does the deal make sense? >> from the point of view of the parties, it's a hail mary if you ask me. i don't think i have a better idea. they're both challenge businesses. the tv business is unbund