CEO of Largest Warship Builder Talks Fiscal Cliff

Nov. 19 (Bloomberg) -- Mike Petters is the CEO of Huntington Ingalls Industries, one of America's biggest defense contractors and the world's largest builder of warships. On this week's "Capitol Gains," he discusses how his company is preparing for the possibility of steep defense cuts and the new reality for defense contractors even if there is a budget deal.
Markets Should 'Get Over' Fed Rate Increase: Stein
42:18 - The Federal Reserve is likely to raise its benchmark interest rate in September, according to Gabriel Stein, asset management services director at Oxford Economics. "They will raise rates and markets should get over it," he told Anna Edwards in an interview on Bloomberg Television's "Countdown." (Source: Bloomberg)
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