. >>> thousands of job cuts coming to lockheed martin, how many are expected here in the bay area. >> complete bay area news coverage starts right now. this is ktvu channel 2 news at noon. >> good afternoon, i am tori campbell, it was a signature promise of obamacare, if you like your health insurance plan you can keep it. but it turned out not to be completely true, so today president obama announced a change, he says will help him keep that promise for everyone. ktvu's justin gray is live in washington, the president had to respond after facing growing criticism from within his own party. >> reporter: yeah, tori, the president says millions who got cancellation notices in the mail are owed an apology by him. he says even more than that, they deserve the ability to keep their current healthcare plans. >> if this letter makes more promise for us, that we don't need at this moment. >> the letter says due to the affordable care act gloria's health insurance care is cancelled. >> i don't know what is going to happen. >> they don't know who to trust. >> this came on us like a ton of brick

>> lockheed martin is the largest employer. and 200 layoffs falls in line with the goal of laying off 3.4% of the global work force of 116,000 people. now, lockheed martin space missiles operation is based here in sunnyvale on matilda avenue. much of the work is classified defense projects. but 200 layoffs cut across the board, engineers and clerical workers. the layoffs will be gradual ask completed by the end of the year. four buildings will be shut down, lockheed martin tells me they've been making these four older structures expendable. but staff is briefed ahead of time. >> we never like to hear about layoffs of any size. at this point we're going to sna touch with lockheed martin making sure our resources are available to them to the extent possible. >> sunnyvale says it's gone through boom and bust cycles before. a familiar pattern here in silicon valley. government spending grows or contracts. the town center is an example of the expansion. sunnyvale added 750 new businesses, creating 4,000 new jobs. so with the layoffs

lockheed martin says the move is necessary in light of ongoing defense cuts in washington. >> the ohio patrol is looking for a hit-and-run driver who took off running on a multicar this afternoon on the highway 280 changing a tire and that's where a toyota 4runner slammed into his car and another vehicle stopped to help. five people suffered minor injuries, the suspect drove off and ran into a truck. he was seen running away. >>> some people who live and work in san francisco, south of market neighborhood say they're seeing an increase in rats near the central subway construction site. some neighbors say rats have been running wild since construction began there at forth and bryant. one mechanic said rats chewed their garbage cans in search of food. >> they climb in and out. they look like spider man coming down the chain-link fence. >> while they're a top concern in general they haven't received calls about rats. crews have placed traps throughout the site. >>> the federal government weekly jobs shows hiring is still lagging. weakly claims fell by 2,000 last week, but many economists

lockheed martin makes defense equipment. it is shutting four buildings and trimming 200 positions in sunnyvale. lockheed martin said in the face of government budget cuts and complex global secure landscape these actions are necessary for the future of our business. >>> people plying out of oak -- flying out of oakland on thanksgiving may have to pack their own food because of a labor dispute. 200 food workers will walk off the jaubon thanksgiving -- job on thanksgiving. they will be protesting unfair labor practices. they have been in negotiations for the past year. wages and health benefits are the sticking points. >>> show of support for a teen set on fire is bringing together students from the victim and the attacker's school tonight. ktvu's john sasaki is live. >> reporter: this is dubbed the rainbow march. starts in 30 minutes and will include people from three different school communities. >> reporter: students got ready for the march this afternoon by making signs. this is where richard thomas is a student. he set fi

lockheed martin is cutting more than 4,000 jobs in four states. the lockheed plant that produces advanced military radar systems near phoenix will close by the end of 2015. lockheed is also closing plants in three other states. it was another one for the record books on wall street yesterday. the dow jones industrial average gained 54 points to an all-time high while the nasdaq inched up 7. the new playstation 4 finally went on sale at midnight. people celebrated when they got the world's most powerful gaming console. fans lined up for hours to pay $400 for the ps4 which has a clickable touchpad and a share function that lets gamers post video and screen shots of their play to social media. sony playstation's main rival, microsoft's xbox 1 hits stores next week for $500. that's your moneywatch. for the latest business news follow me on twitter at #alexiscbsnews. i'm alexis christoforous. >>> it's 4:56. president obama takes blame for the affordable care act. what's changing for millions of americans with existing health plans. >> reporter: commute

that's what the folks at lockheed martin are working on. they unveiled the first peek at this new concept aircraft which they've dubbed the sr-72 which could be operational by the year 2030. answering nears and researchers envision an unmanned aircraft, uav, that could fly at speeds up to mac 6, like you said, six times the speed of sound. now the highly secretive skunk works unit at lockheed martin is behind this cutting-edge development. that team has been around for 70 years working on net generation plane technology. they're the ones behind the predecessor sr-71 blackburn, one of the most feared planes in aviation history and still the fastest plane to ever fly. the planes are no longer in service. the one can be seen on board the intrepid aircraft museum in new york city. lockheed is the world's biggest defense contractor and shares have gained 47% this year. they're sitting near record highs, but still, a very interesting concept, sue, in terms of aircraft, one that can fly really, really fast. back over to you. >> that is so incredib

and finally a defense contractor lockheed martin has unveiled the successor to its s r seventy one blackbird spy plane which could fly at speeds three times the speed of sound i introduce you now to the sars seventy two the soon to be developed hypersonic spy plane that can fly it six times the speed of sound the concept of the plane has been in development for seven years as engineers worked on developing a plane capable of such high speeds at altitude but they can still take off and land from a conventional runway lockheed martin claims they have achieved that objective the plane will be used for qantas and says well as long range strikes and it's touted as a jet that there fly so fast that adversaries won't have time to take cover from it so with many people around the world fed up with n.s.a. spying activities what's the one new thing the united states needs most how about a new spy plane all right that does appear now for the stories we covered go to youtube dot com forward slash arts in america check out our website r t dot com forward slash usa you can follow me on twitter at sam sax

. >>> aero space giant lockheed martin says it's cutting jobs. the maryland based defense cotractor says it's shutting down -- contractor says it's shutting down four campuses. their closing plants in pennsylvania, ohio, texas and arizona. lockheed martin says the move is necessary in light of ongoing defense cuts in washington. >>> wall street rallied today on remarks about the fed's stimulus efforts. nasdaq added seven. the dow closed up 54.5. >>> his story has gone viral. with folks from all over the world cheering him on. tomorrow a young leukemia patient from northern california is being given a chance to live out his dream to be a superhero. as ktvu's rob roth tells us the boy is a big fan of batman and parts of san francisco are literally being transformed into his very own gotham city. >> reporter: this blinking red bat light is sure to be what this kid needs. but that crime fighting companion is not saying why. marles had a wish and the make a wish foundation is making it happen. milse wants to be batman or at least bat kid and tomorrow

. >>> aero space giant lockheed martin says it's cutting jobs. the maryland based defense cotractor says it's shutting down -- contractor says it's shutting down four campuses. their closing plants in pennsylvania, ohio, texas and arizona. lockheed martin says the move is necessary in light of ongoing defense cuts in washington. >>> wall street rallied today on remarks about the fed's stimulus efforts. nasdaq added seven. the dow closed up 54.5. >>> his story has gone viral. with folks from all over the world cheering him on. tomorrow a young leukemia patient from northern california is being given a chance to live out his dream to be a superhero. as ktvu's rob roth tells us the boy is a big fan of batman and parts of san francisco are literally being transformed into his very own gotham city. >> reporter: this blinking red bat light is sure to be what this kid needs. but that crime fighting companion is not saying why. marles had a wish and the make a wish foundation is making it happen. milse wants to be batman or at least bat kid and tomorrow

. >>> lockheed martin is cutting 200 jobs. they are slashing 4,000 jobs nationwide due to the budget cuts. part of the plan in the bay area includes shutting down four office buildings and that accounts for 200 jobs. the cuts will be completed by mid-2015. >>> cal fire announced an extended fire season. officials say typically by this time of year risk of wildfires is reduced but this year record low rainfall creates dry conditions making for high fire danger. officials plan to extend staff and resources till they determine the danger has diminished. >>> temperatures tell dropped 8- 10 degrees. even more in others. warm spot was livermore, 74 degrees. antioch 71. santa rosa 64 today. pacifica foggy, 57 degrees. showers showing up in the pacific northwest. they are getting some rain. even northern california green coming down. we will stay dry and get cooler. temperatures outside right now in the 50s. they cooled off. cooler day. yesterday was tomorrow. today was nice. this low-pressure system responsible for the cooling that c

wh lockheed martin is head out of the bay area and what this mea forhe thousands of employeewho work there. >>> bobiddell. i'll take you inside one of the world's largestind tunnels to tell you about a rolutionary breakthrough in commercia aircraft design. th could help sav thousands of gallons of fuel aear. that story coming up. >>> the woman who will pbably be theechanics head of the fed masters that non-aner swer. we'll take a lk at janet yellin and her testimony coming up in business and tech. >> lookingorward to that. and we do havome ses clearing acrs the greater bay area, but some cities still socked in with that. i'll let you know when we can expe the sunshine and me importantly, when raineturns to the forecas when nbc bay ea news at 11:00 comes right back. to those who've waited... worried... poked and prodde.. tan risks... and lived in a state of "wt if?"... welcome to a new state... health. welcome to cered california. the place to find quality, affordle coverage. fincial help for thosin need. and body can be denied because of a pre-existingondition. enroll n at coveredca.

. >>> coming up at 4:00, big cuts announced by the defense and space contractor lockheed martin with layoffs in the bay area. at 5:00, beach front property, the major change under consideration that allows california ans to buy million dollar views for a fraction of the price. >> the north carolina photograph are knows exactly how to get the great shot even if it means going head to head with an elk. james york had a seven minute encoin december with the elk and his friend shot the video and posted it on youtube. he was taking pictures of the elk at the great smoky mountains and the approached it and nuzzled his antlers interest his head. a man who doesn't stand still. atrial fibrilljim has afib, atrial fibrillation -- an irregular heartbeat, not caused by a heart valve problem. that puts jim at a greater risk of stroke. for years, jim's medicine tied him to a monthly trip to the clinic to get his blood tested. but now, with once-a-day xarelto®, jim's on the move. jim's doctor recommended xarelto®. like warfarin, xarelto® is proven effective to reduce afib-related stroke risk. but

. >>> aerospace giant lockheed martin is cutting 4,000 jobs in four states. the lougheed plant that produces advanced military radar systems near phoenix will close by the end of 2015. lougheed is also closing plants in three other states. >>> mcdonald's wants to expand its market share of the coffee business. the world's largest hamburger chain says coffee is one of the fastest growing categories in its worldwide drink business. mcdonald's coffee business has surged 70% since the introduction of mccafe specialty coffees back in 2009. >>> and video game alert. sony's play station goes on sale today. demand for the ps4 is strong and expected to outstrip supply for the holiday season. the ps4 retails for about $400. sony's first home system in seven years and sony hopes to sell million by the end of march. >>> and, anne-marie, some good holiday news for you. the cost of thanksgiving dinner is down slightly from last year. the average turkey dinner will cost $49.04. those that's a whole 44 cents less than last year. the fda says overall grocery prices are down a

lockheed martin is cutting jobs as u-s military spending slows down the defense contractor plans to lay off 4 thousand workers, or 3 percent of its global workforce. the cutbacks will happen over the next year-and-a-half and close operations in ohio, arizona, pennsylvania and texas. job sectors include information systems, training and space systems. now that union workers at boeing have strongly rejected a labor contract, the jet maker is searching for a new site to build its 777x-- outside of seattle. the machinist were not willing to make major consessions. and issued a statement saying "we've held on to our pensions and that's big" boeing rebutted "we are very disappointed in the outcome of the union vote" there is still a possibility union workers or boeing could present another offer. in our cover story, one way to train an educated workforce and close the skills gap is to "start sooner." there's now an effort to do that in congress. and when they mean sooner, they're talking before kindergarten. the legislation called the "strong start for children act" would increase access to h

martin and rockwell to coin and in vent some new way to propel a ship to the moon but because we have discovered, and will undoubtedly continue to discover, that efforts were taken to cut corners to meet political deadlines at the end. that for political reasons rules were not created in a timely fashion. that in fact, the rules that should have been created at the time of the passage of the law, or shortly thereafter, enmany cases were still being given to programmers in september of this year. now, i recognize there are divisions on this committee as there were when obama care became law. many members, including myself believe there was and is a health care crisis in america. it's a crisis of affordability. insurance is simply a way to score what that affordability is, not to drive down the cost. many members, including myself, opposed this new law because we thought it wouldn't work and it had no systems to actually reduce the cost of health care from the provider. my friends on the other side may correctly note, as i will here, that many americans are benefiting from obama care at

martin's f thirty five a series. then trying to wrap up their eighth round of retreat on sweater progress was made on exchanging a list of don'ts that its export items on sundays to get them primetime years it's friday november twenty second curing realized from small time went into filling in for you she had from when they do so much for joining us. after a long series of starts and stops the south korean government has made its decision on the country's next generation of fighter jets which come with the advanced stealth technology. according to authorities in new aircraft will be pivotal in the defense system against north korea's growing nuclear threat. kinsey and starts to stop. korea's joint chiefs of staff said friday it will be purchased on e marked at thirty by a stealth fighters as part of the program to replace the air force's aging fleet of fighter jets. that study by the savvy and felt capability when mentioned acts in the major reason for its selection of the threat of north korea in mind he noted too t

i just want to say having spent 10 years working for lockheed martin in europe on these defense industrial issues that everything you said, ivo, is true times 10%. very important comments that you made. i have a different question, though. the united states has very important bilateral relationships with european allies. perhaps none has been more important to the success of the alliance than the u.s.-german relationship which today seems to be undergoing a few stresses and challenges. and i wonder if you would comment on how we get this relationship back on track, how badly off track you think it is and what the implications might be for the future of the alliance. >> terrific, thanks. >> on the nuclear issue, i would just say it's much easier to have an individual opinion than a collective opinion. but more importantly, when you are dealing in alliance, you need the agreement of 28 countries. let me assure you that nothing that i said today would come as news to any of my colleagues in brussels. or, indeed, in the u.s. government. and so there were many times where the kind of arguments

. >>> lockheed martin is slashing 4,000 jobs nationwide and will also close 4 of its buildings in sunnyvale. the defense contractor says the cuts are due to reduced government spending. the closure of the buildings on the sunnyvale campus includes the elimination of 200 jobs there. lockheed plans to slash another 2,000 jobs by the end of 2014. >>> got to stick around for this story. san francisco needs a superhero and in a few hours a 5-year-old leukemia patient will see his wish come true. the caped crusader helping transform him into bat kid. >> we are taking calls here right now at kpix 5 to help the typhoon victims in the philippines. the number is 1-888-5-helps-u. our total $168,500 at this point. ,,,,,,,,,,,, felder. >>> we have more than $170,000 that has come in now to help the victims of the typhoon in the philippines. we have the deputy consul- general on our call board. we are taking calls at 1-888-5- helps-u. thousands of people need your help in the philippines right now. ken? >> all right. we have to give michael a little work here from live 105 to answer the phone. but in the

. >>> defense contractor lockheed martin is cutting back on their work force. the bethesda company is cutting back on about 4,000 jobs as they look for ways to lower costs and they have reduced government spending. the aerospace giant will shut down plants in arizona, ohio, pennsylvania and texas. as well as a building in california by 2015. >>> it seems more people prefer to work for a mailbox over -- male boss over a female boss. that's what a new survey found by gallup. which gender do you prefer working for? 35% said they prefer man and less than a quarter said they prefer female bosses. in the all bad news for women in leadership positions, it's the highest number ever reported in favor of women bosses sense gallup started asking back in 1953. 5% said back then they preferred female bosses. >> does that mean that people are more likely to accept hillary clinton as president if she runs? >> that's a very good question. >>> so are you looking to knock off some calories before the holidays? we're going to show you a new workout that can give you that last-min

martin aerospace manufacturers those are in and the defense base with emphasis on the drones that is where i put my money. >> what about the applications coming in the first place in the future? site think there is a delivery mechanism we will see happen. >> the one thing about innovation how it will work out with early investors future atlas to build up their shoulders could knows where this will turn out but it is good for me and, -- mankind. >> yoare a good sport for dealing with your audio problems. thank you so much. the highlights of the week hitting people fasting and hard more than 1 billion served is not enough now they've got you at the grocer's store. more money coming up. melissa: it has been quite a week the health care problem is so awful it is funny. here is the highlight. >> just like one mnth old distills sitting there pooping its payments simic is easy with the obamacare web sites to make anybody try to sidestep? it is that a place you can play a great birds. >> it is too slow, too many people and got stuck. >> i told the president we were ready to go. clearly i was

. >> lockheed martin is kuth 4,000 jobs the defense contract plans to close four buildings. lockheed employs roughly 7500 people in all around the bay area. officials say they'll do what they can. >> we never like to hear about layoffs in the xhupt of any size we're going to stay in touch and make sure our job employment resources are available to them. >> the company plans to close in pennsylvania, ohio and texas by 2015. lockheed says it's necessary to offset a slow down in business brought on by u.s. defense department budget cuts, triggered by the sequester this year. >> the university of california regents got a reality check from governor jerry brown today who had harsh words about the budget request. >> 5% we're giving is what you're going to get. >> uc asking for an additional $125 million. brown warns the state ledge slay you're probably won't go for it but voted for the budget anyway the governor says the system is headed for crisis. >> the university like the state and federal government has to reshape itself resize. and live within its means. that is a difficult

. >> lockheed martin is kuth 4,000 jobs the defense contract plans to close four buildings. lockheed employs roughly 7500 people in all around the bay area. officials say they'll do what they can. >> we never like to hear about layoffs in the xhupt of any size we're going to stay in touch and make sure our job employment resources are available to them. >> the company plans to close in pennsylvania, ohio and texas by 2015. lockheed says it's necessary to offset a slow down in business brought on by u.s. defense department budget cuts, triggered by the sequester this year. >> the university of california regents got a reality check from governor jerry brown today who had harsh words about the budget request. >> 5% we're giving is what you're going to get. >> uc asking for an additional $125 million. brown warns the state ledge slay you're probably won't go for it but voted for the budget anyway the governor says the system is headed for crisis. >> the university like the state and federal government has to reshape itself resize. and live within its means. that is a difficult

this has been eight years in the making prospect nasa has worked extremely close with lockheed martin and university of colorado, boulder, the scientists work on it there. this is important for the scientists and the students. ie as we prepare for that plawmp therlaunchthere is a hush over h pad here. we are several miles from the launch site, but in this area we can see from a long distance. again it is a very exciting day for the engineers here but of course what we could learn because of this mission not only will tell us so much more about mars but it could tell us the future or how we can save the future of earth. >> t minus ten, nine, eight, seven, six, 95, four, owners-five, four, three, two, one, main engines start and liftoff of the athat the 5 with maven looking for clues about the evolution of mars through its atmosphere. >> everything looking good, still at 100% thrust on the rd 180. vertical rates are looking good. we do have roll program in right as expected. we're actively controlling, position looks good. plus regulator scraf regulator . now 126 nautical miles in altit

immigration reform by year's end along those in, tendance, leaders of mcdonald's, deloitte touche, lockheed-martin, and the stockholm group. the question does however occur why would anyone trust this administration after what they have done with obamacare? @%r next guest said that the problem-plagued healthcare.gov web site is a secondary issue. the real issue is what is based on policy lies, and those lies he says just keep coming. joining us david stockman, former director of office and management budget under president reagan, author of the great defer may bethegreat defoe corruption of capitalism in america. david thank you for joining us, a great choice of words, these are policy lies, they compound themselves, we watched the spectical today of a sitting president denying to all of his country men, that he did not say something that is a matter of record on every broadcast seemingly in the country. >> well, i think this severed with each passing day that opponent care -- obamacare is the greatest legislative calamity in last half century, not because a web site does not work or has not been

martin aerospace manufacturers those are in and the defense base with emphasis on the drones that is where i put my money. >> what about the applications coming in the first place in the future? site think there is a delivery mechanism we will see happen. >> the one thing about innovation how it will work out with early investors future to build up their shoulders could knows where this will turn out but it is good for me and, -- mankind. >> you are a good sport for dealing with your audio problems. thank you so much. the highlights of the week hitting people fasting and hard more than 1 billion served is not enough now they've got you at the grocer's store. more money coming up. 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. at od, whatever business you're

not because we need a lockheed martin and rockwell to come and invent some new way to propel it but becausehe moon, we have discovered and we will undoubtedly discover that efforts were taken to cut corners to meet political deadlines at the end and that for political reasons, rules were not created in a timely fashion. in fact, the rules it should have been created at the time of the passage of the law or shortly thereafter, in many cases, were still being given to programmers in september of this year. recognize that there are divisions on this committee, as there were when obamacare became law. many members including myself and is ahat there was healthcare crisis in america, a crisis of affordability. insurance is simply a way to score with that affordability is, not drive down costs. many members including myself oppose the new law because they thought it would not work and it had no systems to actually reduce the cost of healthcare from the provider. my friends on the other side may ,orrectly note, as i will hear that many americans are at theing from obamacare cost of trillions of dolla

adam: lockheed martin shedding 4000 jobs and close for plants. they blame it drop in spending for those layoffs. federal contracts represent 80% of lockheed martin overall revenue in 2012. it brings the total number of job losses to 30,000 over the past five years. the stock is up 49% this year. lori: three workers at the factory in fremont, california, were injured by a hot metal spill. this is the latest issue. three vehicles caught fire. tesla ceo elon musk visited the injured workers to make sure they were okay getting the best care. that kind of dedication can be reason they named him ceo of the year. adam: washington is well-known for gridlock and not being able to guess the fiscal house in order, but there is one thing washington, d.c., at least local government, is doing terrifically. details ahead. lori: incentives giving rural kansas a second look at a place to call home. adam: jpmorgan running. the q&a session that backfired against the banking veteran as an avalanche of snarky tweets. ♪ it's as simple as this. at bny mellon, our bus

. >>> defense contractor lockheed martin says they're cutting back on their work force. the arrow space -- arrow space -- aerospace giant says they plan to cut back. >>> and volkswagen is issuing a global recall. the vehicles can suffer electrical malfunctions that cause the lights lights to fail without warning. that's your money watch. for all your business news, log onto cbsmoneywatch.com. in new york, i'm allison harmel willin. -- alison harmelin. >>> ancient artifacts are discovered in a spring in western florida. they're on display now. archaeologists had an aerohead, along with a fish hook that dates back to the ice age. and a bowl that is 2,000 years old. crews found it while cleaning out the spring to improve. >> did i tell you i found some? >> i'm sure they're worthy of being in a drawer somewhere, right? in your house? >> exactly. >>> coming up at 4:00. companies are giving out personal information that belongs to you. how they do it and who they're giving it to. >>> i'm alex demetrick. coming up. harbor side companies trading asphalt for nature. that story as

anyway, they are now working -- lockheed martin announcing they are working on an sr-72. this will be the fastest plane in the world when completed and go mach six. twice as fast as the sr-71. to give you an idea, that's 3500 miles an hour. this can be launched and go to any spot in the world in one hour. one hour from wherever it is launched. >> wow. >> isn't that amazing? >> incredible. can i get on it if i need to go anywhere in the world? >> no. it is a spy plane. would be great fit was a passenger plane. "life science" reporting this, and it is not supposed to be ready until 2030. the new fastest plane in the world. sr-72. >> very cool. >>> check this out. for women who wear make-up and those who don't, an interesting study in the sunday "times style" magazines. a french neuroscientist has apparently done a study that revealed that imperfections can distract the brain. that basically means if you wear makeup, lipstick, eyeliner, the whole shebang, people look at you and think you are more likable, trustworthy, more likely to approach you. >> surprise, surprise. >> yo

bethesda based lockheed martin is pretearing to cut 4,000 jobs. they are closing plants in arizona, ohio, pennsylvania, and texas. they'll also be closing four buildings at a campus in california. lock heed officials blame the cuts on reduced government spending. since 2008, lock heed has eliminated 30,000 jobs. >>> here in our region, med star washington hospital center is laying off hundreds of its workers. a "washington post" report says med star has laid off 300 employees roughly 5% of its work force. a hospital official says 60 of the poxes were in -- positions were in management. >>> more people are applying nowadays -- flying nowadays according to the department of transportation. the total number of passengers for the first nine months of the year is up 3% at most airlines. in the same time passenger complaints have dropped by 14%. the biggest improvement came from a drop in complaints about reservation and ticketing problems. out of the 16 major airlines, southwest had the lowest rate of complaints while frontier has the most. >>> and we'

and they've been crushed as lockheed martin, alliant tech and general dynamics have been among the best in the market. raytheon is up roughly equally to northrup grumman. and alliant, which we recommended as a takeover play -- >> buy, buy, buy! >> less than a year ago is up an astounding 79%. probably because of a very big munitions contract the company won last year. boy, glad they didn't take a takeover bid. we've got two life science companies, amgen which has been doing well ever since. another example of a company is life technologies. being bought by thermo fisher, another terrific company and itself a big winner since the acquisition was announced. the acquiring companies have been phenomenally successful this year which is why it's not a surprise to see that constellation brands hit an all-time high. the cramer fave has made all of the difference in this once-sleepy spirits company that everyone seemed to hate for a long time. media stocks are represented by comcast, parent company of this network and newscorp. who said that cord cutting was all the rage for cable? who said cont

can't beat lockheed martin. >> ralph peters, our tribal leader. i can't believe the -- directed toward u.s. congress. plenty more ahead as the factor moves along tonight. are these women too pretty to be in military recruiting ads? one high ranking official says yes. we will take a look at that. >>> charges dropped against two girls contributing to a classmate's suicide. we will talk to the sheriff in charge of the case. we hope you stay tuned to those reports. ♪ [ male announcer ] this december, experience the gift of exacting precision and some of the best offers of the year [ ding! ] at the lexus december to remember sas event. this is the pursuit of perfection. or treat gas with these after you get it. now that's like sunblock before or sun burn cream later. oh, somebody out there's saying, now i get it! take beano before and there'll be no gas. i love chalk and erasers. but change is coming. all my students have the brand new sue. it has the new windows and comes with office, has a real keyboard, so they can do real rk. they can use binsmar

lockheed martin will cut 4,000 jobs in a response to decline in spending by the federal government. the large government contractor cut 20% its global staff since 2008. >>> volkswagen recalling some 2.6 million vehicles worldwide due to technical flaws. 2.6 million, okay. the recall vehicles include the tigan, suv. the pickup truck not sold in the u.s. >>> sales of google's chrome book, 11 have been suspended because of overheating charges. google and hewlett-packard arr working on program. >>> used cars fell to the loyest average price since 2009. according to edmunds.com, average price, $15,261 lars. >>> financial times saying using three deprinters could reduce weight and production time of aircraft components. that is today's "speed read." >> printing engines, imagine that. >>> okay, well the disasterous obamacare rollout cost a billion dollars, employed thousands of bureaucrats and still can't get it right but in a little west coast office three 20-year-old programmers have put together an interface for health insurance shoppers that seems to be working just fine. so is this th

. >>> lockheed martin unveiling a new hypersonic spy plane six times the speed of sound. we've got incredible pictures. >>> and we'll get this video, two planes colliding midair in wisconsin, packed with skydivers. fending for their lives 12,000 feet in the air. we'll tell all the happy outcome and show you some more details on "power lunch" at the top of the hour. scott, back to you and the "the half" team. >> all right, thank you very much. >>> let's get to a news alert from cnbc.com's enterprise reporter lawrence. >> so a hedge fund that was seeded by julian robertson, and once managed $1.8 billion, is throwing in the towel. axial capital management was a short-bias fund that was crushed by the bull market over the last few years. significant losses by betting against stocks, as the entire market rose, essentially. >> lawrence, thank you. and, steve weiss, it really does point to how difficult it's been to be short in an environment where the market has just rip roared. >> there's no percentage of it now. there are less stocks than there have ever been to short, just l

general dynamics like lockheed martin, they had big divisions too. it was inevitable that they run into these kinds of problems. that's what every big government does with outside contractors. had they been smart, they would have said we'll find a way around that so this doesn't end up happening. >> this may be impossible to answer. if you can take your politics out of the health care debate. and if the affordable care act in the present form does not work, then what? >> well, i think it's a policy answer if there is one. >> what part of it doesn't work. folks are one thing at a time. focused on the people who are in the individual market. but -- >> the mandate delayed by a year anyhow. >> going to be talking about that in a year. a lot of reform for instance to medicare payments that are meant to encourage cost savingings by not piling up the procedures on people. there are things that can work and bring down costs really well. or they will not. there's all of the pieces that to a certain extent, this is our one chance. once in a generation, we have

it's a credit to the companies like costco, like lockheed-martins and schwab, hitting 52-week highs. they're doing it through voluntary trade, that's why their stocks are being rewarded. it's not because of the president's policies, but despite them. >> what does this moan for main street, who's getting hered and who's being left out in the cold? >> fortunately t jobs that we are seeing be created, are by and large low skilled and low income jobs, temporary jobs against any job is a benefit. but what's so frustrating is to see the lack of the long-term, high quality jobs being created. we have heard for months from so many businesses big and small. they don't know what the rules of the game are going to be a week out, six months out, let alone five or ten years out. so unfortunately, a lot of businesses, even those doing well are reluctant to take the risk of hiring given the political situation. >>> have you seen the spectacular hundreds of red, white and blue led lights illuminating new york's one world trade center spire and beacon. the test lighting last night t beacon's glow was

let's go to "mad dash." >> lockheed martin is laying off 4,000 people and they're putting it right at the heart of the government. they're doing this because of government spending. this is the beginning of the anant antanti-sequester, this is what you're doing to us. >> the pentagon spending is going to come down regardless, whether it's sequester one or sequester two. >> this is the beginning of the employee impact. >> all right. bruce berkowitz joining us in about 15 minutes or so. opening bell coming up next. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. [ opening bell ringing ] >>> made it

lockheed martin cutting costs by cutting jobs and the company is going to reduce the work force by 4,000 in response to continued u.s. government spending cuts. the stock is up 49% so far this year and on the job cuts up up just a fraction more, all of 9 cents. democrats and republicans, they're worried about the rise of the libertarian movement within the republican party. john stossel takes a look at this on his show tonight. >> this strain of libertarianism, i think, is a very dangerous thought we are dangerous to the status quo. >> watch out, politicians, the libertarians are coming and we're skeptical of both parties. stuart: yes. john stossel is with us for more on this. john, just please take a look at the recent virginia gubernatorial election, would you, please. >> must we? >> yes, we must. the libertarian candidate got 7 points in the vote. terry mccauliffe, a collectivist won by less than three points. the libertarian, by injecting himself into the race, using obama provided money to do it, put a collectivist, a democrat, a liberal democrat in the gubernatorial seat in virgini

martin and rockwell to invent some new way to propel a ship to the moon, but because we have discovered and we'll undoubtedly continue to discover that efforts were taken to cut corners to meet political deadlines at the ends. that for political reasons rules were not reeight i -- were not n a timely fashion. the rules that should have been created in a timely fashion were still being given to programmers in september of this year. i recognize there are divisions on this committee as there were when obamacare became law. many members including myself believe that there was and is a healthcare crisis in america. a crisis of affordability. and insurance is simply a way to score what that affordability is, not to drive down the cost. many members including myself opposed this new law because we thought it wouldn't work and it had no systems to reduce the cost of healthcare from the provider. my friends on the other side may correctly note as i will here, that's americans are benefiting from obamacare. at the cost of trillions of dollars over a 10-year period, i certainly hope so. but divis

he met with leaders at the white house today including lockheed martin, state farm, and blackstone. >> it was a good spirit. --n we you think about it when you think about it, i have been there. was such a therapeutic medicine for the whole city. 2 -- that way was amazing. in addition to talking about the red sox, we are here to talk about embracing reform. group ofn outstanding leaders, a wide cross-section of industry, manufacturers, the .ervice sector, food, high-tech they represent just a small cross-section of businesses across the country that are deeply committed to making sure that we get comprehensive immigration reform done and done quickly. last week we had 600 business and state leaders who came to emphasize that this is something that is not only the right thing to do but also critical to our economy. we know that the senate bipartisan bill that passed would grow the economy by 1.4 to $1.4in dollars -- trillion. it will reduce our deficits by $850 billion. these are not my estimates but independent estimates that have been made about the saga torry affect at comprehensive

lockheed martin with its famed skunk works division back to work. this is the story i said a moment ago is kind of cool. this hyper sonic spy-plane. it is called the sr-72 or the son of blackbird. the blackbird was a spy-plane the air force operated for decades but they retired it like 20 years ago. unmanned plane, no pilot. could penetrate and strike at any location in less than an hour. antiradar coatings would not be needed because of the sheer speed of the plane again with no pilot. demonstration models expected by 2023. working military plane ready for delivery in 2030. we tell you about 2013 because of hough cool it is. the stock at 135.50. if there was a pilot we have suggestion loaded in for that for you. of course there is none but dagen mcdowell if they need ad pilot. remember when -- dagen: is that me? connell: remember you went into the whatchamacallit flying around with those people? dagen: i started throwing up 10 minutes into the flight. connell: yes, she did. dagen: i threw up 12 hours after that. i was literally taking a nap on the

the top salary at lockheed martin or boeing, that eight $400,000. the top seller in the federal government is $400,000, and only one person gets that, and that is the present of the united states. the chief justice the supreme court makes $225,000 a year, which is below the current hiring rate of white shoe law firms for associates. once youof pay to pay, load a contract with all of the profit and the operating costs, you are paying a lot more for it. we have done some limited studies looking at that issue. not enough but some. host: talking with paul light. ed in arizona on our line for immigrants. caller: good morning, mr. light. it is a pleasure to speak with you this morning. you stated that these contractors, it is their business that they do not want to disclose their numbers and information because they are private firms. that made me stop and think. like some of the largest contractors, boeing, united technologies. paid extremely high in the case of united technologies, making over $20 million last year, which is outrageous. that they take s

martin come in and invent some new way to propel a ship to the moon, but because we have discovered and will undoubtedly continue to discover that efforts were taken to cut corners to meet political deadlines at the end. for political reasons, rules were not created in a timely fashion. in fact, the rules that should have been created at the time of the passage of the law were shortly thereafter in many cases, were still being given to programmers in september of this year. i recognize that there are divisions on this committee as there were when obamacare became law. many members including myself believe that there was and is a health care crisis in america. it is a crisis of affordability. insurance is simply a way to score what that affordability is, not to drive down the cost. many members including myself oppose this new law because we thought it wouldn't work and it had no systems to actually reduce the cost of health care from the provider. my friends on the other side may --rectly note as i will hear are that many americans benefiting from obamacare at the cost of trillions

management with both lockheed martin and my service. we pay pretty close attention to it. our vector is actually heading in the right direction. >> the short answer is yes. i absolutely agree that you need to get entitlements and benefits reform. there's no question about that. i would hope that we can enroll the savings we make back into the tools and training our people need to be fully ready. if we did that they would understand and see the results in a meaningful way. it will be a bigger problem for them. i agree with everything you said, there is no excuse. we are looking at every headquarters from the staff to the component war fighting staff. the process of producing to four stars and 53- star positions and decreasing the number of people and headquarters around. we have to take this seriously. there is no other option. >> thank you, senator mccain. >> good morning. i will admit that i am frustrated that this committee has once again asked you to come up here and testify about the harm caused by sequestration. we and the congress created this monster and we keep dra

martin and my service. there have been cost overruns, but our vector is actually heading in the right direction on the program. >> senator, the short answer is yes, absolutely need to get entitlements and benefit reform. there's no question about that. i hope we would roll the savings we could make from that back into the tools and training our people need to be fully ready. if we did that, they would understand the reason and they would see the result in a meaningful way. if we take the money and use it for something else, it will be a bigger problem for them. cost overruns and growth, i agree with everything you said. we're looking at every staff. we're in the process of internally reducing two four stars, 15 three-star positions and decreasing the number of people in headquarters. we have to take this seriously, senator. there's no other option. >> thank you, senator mccain. senator udahl? >> good morning, gentlemen. i'm frustrated this committee has asked you to come up and testify about the harm in seq

after leaving the department of justice in 2005, he served as the general counsel of lockheed martin and then held the same position at investment management firm of bridgewater associates. thank you for your presence today, your testimony. thank you very much for your use of service to our country. final witness is a matt olsen, director of the national counterterrorism center. good morning. he has served as the director of the national counterterrorism center for just over two years and his position he oversees the analysis and integration of all terrorism intelligence in the united states government, and reporting directly to the director of national intelligence. additionally, he oversees the strategic operational planning for characters and activities that required him to report directly to the president. prior to joining the national counterterrorism center, mr. olson was the general counsel for the national security agency, and the deputy assistant attorney general for the national security division. again, thank you for joining us today. we welcome your testimony. going to tu