What's On: Nasdaq's High, Lockheed Martin and Road Rage

Here's what's up on Friday's Squawk on the Street:

--Will the Nasdaq hit a 10-year high? It could happen during today's big show. We'll be waiting and watching with our party hats on — just in case. After all, what's not to celebrate about a major index coming back to it's starting point ... 10-years later. We'll be looking at specific stocks, names we've all come to know and love like Cisco, Microsoft and Intel. Plus the Qs... .

--Lockheed Martin signing a big contract with the defense department, $722 million dollars big. Details on the deal and the stock impact.

--Also on the big show, can the United States of America really compete without high speed rail? China has it. The Western Europeans have it. What about us? Is all that time sitting in our cars and SUVs hurting us economically? We'll debate and we want to know what you have to say about it all. Share your opinion.

--There's a new ETF launching tomorrow. It's one for smartphone stocks... names like Apple, AT&T and Verizon.

--Plus, a great story for anyone who's ever been angry at another driver. That means you ... and everyone you know so go tell your family and friends about this one. There's a new way to fight back. Squawk on the Street starts at 9am on the dot, don't miss a minute of it.