i love working at lockheed martin. at the pleasure of the board of directors, so how long i work will be up to them. today, i am really enjoying the work i am doing and have no intention of stepping down from my role. david: when you do step down, you might step down at some point, 10 years, 15 years, 20 years, would you consider the higher calling a private equity? [laughter] [applause] marillyn: i have a passion for business. i might very well consider that, david. david: when you do step down, please let me know. i will have to talk to you. thank you very much. marillyn: thank you. [applause] ♪ jonathan: from new york city, for our viewers worldwide, with 30 minutes dedicated to fixed income, this is "bloomberg real yield." ♪ jonathan: coming up, a shakeup brewing in the european bond market. political risks spreading from italy to spain. treasuries catching a big bid. 30 year yields trading where 10 year yields were a week ago. the central bank finally stepping in, desperately trying to regain some credibility. we

i love working at lockheed martin.t the pleasure of the board of directors, so how long i work will be up to them. but today i am enjoying the work i am doing and have no intention of stepping down from my role. david: when you do step down, you might step down at some point, 10 years, 15 years, 20 years, would you consider the higher calling a private equity? [laughter] [applause] marillyn: i have a passion for business. i might very well consider that, david. david: when you do step down, please let me know. thank you very much. marillyn: thank you. [applause] ♪ ♪ ," worry this is "etf iq focus on exchange traded funds. ♪ scarlet: just how smart is smart data? it,veryone is offering maybe this approach does not provide an edge in the end. we asked invesco to defend it. tonding father of etf looks infinity and beyond. what is the thinking of a space etf? and attention

i love working at lockheed martin.e pleasure of the board of directors, so how long i work will be up to them. i am enjoying the work i am doing and have no intention of stepping down from my role. do step down,u you might step down at some point, 10 years, 15 years, 20 years and would you consider the higher calling a private equity? [laughter] [applause] passion forhave a business. i might very well consider that, david. david: when you do step down, please let me know. thank you very much. marillyn: thank you. [laughter] [applause] ♪ ♪ haslinda: hello. i'm haslinda amin in singapore. it began as a crude call center looking to harness the earning power of indonesia's 75 million motorcycles. then came an app. now go-jek's business covering ridng

i love working at lockheed martin.ve at the pleasure of the board of directors, so how long i work will be up to them. today, i am really enjoying the work i am doing and have no intention of stepping down from my role. david: when you do step down, you might step down at some point, 10 years, 15 years, 20 years, would you consider the higher calling a private equity? [laughter] [applause] marillyn: i have a passion for business. i might very well consider that, david. david: when you do step down, please let me know. i will have to talk to you. thank you very much. marillyn: thank you. [applause] ♪ nejra: rules rollback. congress approves a sweeping overhaul of the dodd-frank act. the latest from washington and what this means for banks. the u.s. opens a criminal probe into whether traders are manipulating the price of digital currency. and, head in the cloud. how technology is reshaping regulatory compliance. welcome to "bloomberg markets: rules and returns," i'm nejra cehic. we delve into the regulatory challenges a

i love working at lockheed martin.erve at the pleasure of the board of directors, so how long i work will be up to them. but today, i am really enjoying the work i am doing and have no intention of stepping down from my role. david: well, whenever you do step down at some point, 10 years, 15 years, 20 years, would you consider the higher calling of private equity? [laughter] [applause] marillyn: i have a passion for business. i might very well consider that, david. david: well, whenever you do step down, please let me know. i will be happy to talk to you. thank you very much. marillyn: thank you. [applause] ♪ david: coming up on "bloomberg best," the stories that shaped around the world. the week in business uncertainty remains a constant for investors and drama continues to escalate on trade, diplomacy, and politics. >> looks like the trade cease-fire is no more. >> we may yet see a freefall of oil production from australia. >> we seem to be in the midst of a currency crisis right now. >> president trump is trying to

retired, he got a retirement check from lockheed martin. i guess he is happy with a shareholder performance as well. it costs a lot of money because it did all kinds of security worried -- security. commercialgreat helicopter. if you can get me a discount that would be great. >> we can do a deal. >> let's talk about the product i mentioned earlier. the fighter jets. i've known for a long time, there is af 14, 15, 18. then you would come up with the s 35. is, aircrafts are not numbered by lockheed martin. the u.s. government determines what the number is. s is for fighter. b is for bomber. it is sequential. contract with the it backntal, you name or why if it is experimental. we named our offering. when they announced the winner, lockheed was the winner. the secretary of the air force said the f35. we thought it was going to be the f23. >> you didn't want to tell him he made a mistake. in a history of our country, this is the biggest defense contract ever. tens of billions of dollars. what is a cost that much to make these planes question ma

thanks to the pin action from lockheed martin. it was just hideous.ng about martin, and how most of the earnings canme from lower than expected tax rate defense attitude the day after that, we heard from the one that took my breath away, and i think it is important that we spend time on this we heard from raytheon and they go over to more modest top and bottom b the stock was in the early market way up. and i said, oh, gee, action alert, we got the right one. but then it sold off hard. came in a bit weaker than expected but the four-year numbers are strong remember, this had been the best performer. no credit from the good and everybody freaks out about the bad. i went over this call again and again. i simply did not see why the stocks would just strip the gains. on april 26, we got the big push against north korea and south korea. and if one of the things defense hates is peace talks so where do i come down on this group now the stocks have come down and kim jong-un is making noises about pulling out of the peace talks, here is the thing, we know the

navy and our good friends of lockheed martin bring this laser. battleships no less . very dr evil of them yes it was recently discovered by journalists attending the twenty eight hundred sea air space expo at the national harbor in maryland that lockheed martin's high energy laser an integrated optical dazzler with surveillance or helio's for short will very soon be making its way on to u.s. navy warships complementing or even downright replacing the current battleship the fence systems the our i am one sixteen and balance systems according to a long time supporter of all things laser defense systems mark guns inger of the center of her strategic and budgetary assessments believes that this is clear evidence of progress telling the media quote we are talking about lasers that now have the power and beam quality needed to defend against you a manned aerial vehicle small boat threats and possibly some weapons like incoming missiles all over short ranges. you see this this is why peace in our time is so darn near impossible little boys and their deadly little toy. the le

air space expo at the national harbor in maryland that lockheed martin's high energy laser an integrated optical dazzler with surveillance or helio's for short will very soon be making its way on to u.s. navy warships complementing or even downright replacing the current battleship the systems the our i am one sixteen and balance systems. according to a long time supporter of all things laser defense systems more guns in your of the center for strategic and budgetary assessments believes that this is clear evidence of progress telling the media quote we are talking about lasers that now have the power and beam quality needed to defend against you a man there will be a cool small boat threats and possibly some weapons like incoming missiles all over short ranges. you see this this is why peace in our time is so darn near impossible little boys and their deadly little toy let's start watching the hawks. to. get the. real thing. as. to. what it looks like you know that i got. this. week that i. rolled over on the watch of the dark side as i robot and out that with lasers. lasers oh ok so. h

lockheed martin will work.efense and oil because of what is going on in the middle east normally i would say that is way too stupid but not in this market in this market, it is just right. >>> i like to say there's always a bull market somewhere. i promise to try to find it just for you right here on "mad money. i'm jim cramer, and i will see you tomorrow >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ who feels she has a way to find love easier and faster. ♪ my name is val brennan, and i'm cofounder of three day rule. we're requesting $200,000 in exchange for 10% equity in our company. now, we are changing the way that singles in big cities meet.

coming up later today on bloomberg tv, we talk to lucky barton -- to lockheed martin's

let's talk about lockheed martin's role. tom alluded to it a little bit. basically, the three phases we participated in were the design and development of the spacecraft components, the integration and test phase and the flight operations. for design and element, those of you that have been involved in the mars program for quite some time, or covering it, you will probably notice that this looks like phoenix lander which launched in 2007. that is intentional. one of our strategies is to build on our previous successes so that we minimize risk. the risk posture that we want to on these missions. some of the things inherited directly from phoenix are the basic, structural layout of the lander, the three legs that deploy during the landing phase. you can see the descent thrusters under here and the fuel tank, the propulsion sub -system is pretty much the same as phoenix. however, there are a few things that are different from phoenix. inside the interior, which you cannot see, are our flight electronics. power components and a flight computer, those are inher

let's talk about lockheed martin's role. we took -- we participate in development and design, integration and testing, and flight operation. element, those of you have been covering the program, you will notice this looks like phoenix lander which launched in 2007. that is intentional. one of our strategies is to build on previous successes so that we minimize risk. things inherited directly from phoenix are the basic structural layout of the lander, the three legs that deploy during the landing phase. descent thrusters under here and the fuel tank, the propulsion sub system is pretty much the same as phoenix. there are quite a few things different from phoenix. inside the interior, which you cannot see our flight electronics. power components and a flight computer, those are inherited from the mars orbiter that launched in 2013. we have modernized the electronics since the phoenix area. another thing of interest is this mission unlike phoenix has an xband telecommunication systems. this is the antenna because of straight to

way those stocks went way up lockheed martin went up two points raytheon went up two and a half points raytheon of course makes the tomahawk missiles which in the last few months we've been dropping on syria rather frequently systems northrop grumman side stock go up actually even boeing which which lost money on this their c.e.o. said they're ok with it. they could make some money considering they make the moab the mother of all bombs and largest non-nuclear bomb in the u.s. arsenal which we dropped in afghanistan and april twenty seventh teen i think what's really interesting is that this is in sharp contrast to the korea peace talks that have actually we've seen we've seen the opposite happen where the stocks of the defense is already out in the stock is going down exactly second this is bad for these businesses exactly where you know it's interesting because there's often you know immediate market moves based upon the news and there are people high frequency traders and others who get in and try to grab that arbitrage but you know i was looking at some of the stock just before we w

and life on earth it was a particularly bad weekend in more dora pentagon city for the likes of lockheed martin rape the northrop grumman and the rest of the merchants of death how bad well fortune dot com estimates that the u.s. has five the largest defense contractors shot about ten point two billion in value on friday alone think about that for a second seriously we live in a world and allow businesses to operate where to them world peace equals ten billion dollar losses and profits. that kind of business needs to wither and die on the buy ladies and gentlemen so that peace can grow and we will no longer need to be watching the honks. the. real thing with. the bottom. like you that i got. this. week except. for the everybody who watches the hawks so i rolled with it down to the wildest and he is. not very good make that much money boy peace brings a ten billion dollar loss that's that's incredible that in our time in our time. you know two countries saying you know what we've been fighting for over almost seventy years sixty years there is roughly and them saying hey you know what i h

know roughly one point three percent of lockheed martin bell two point five percent just on the only being worth two billion northrop grumman three point four percent only being worth fifty six billion general dynamics three point lost three point eight percent slide rate the of three point six percent slide boeing just like a one percent slide because you know you they're only worth about two hundred billion but these are all giant conglomerates the have had quite the year if i was mistaken yet apart from this you know well that raises an interesting thing people like to say when you said when you start to talk about the fact that no one should be making that there's something really inherently unsettling and evil and un-american about this idea of making money from death when there's literally no other way you don't have anything else except for machines of death you know that there's going to be a problem from financially that it's not a good business to invest and that's not a good business to get to bussy again and this is why when you look at it because of syria yemen and the s

. >> where you often the only woman in the room at lockheed?was. >> was at intimidating or was it a thing where you said, i can show them i am better than them? >> i think it is like any team you come into the you have to establish your credibility. recognizing that i was a different gender. i was different in that sense. after that, once you are contributing and part of the team, it was no longer a factor, for me, into my career. what i will to you that is positive is that today, 22% of our leaders are women. 24%, 25% in the workforce is women. the pipeline of women and it is not only there's only one woman in the room. we have many women in the room. we have a come -- we have come a long way. amanda: lockheed martin, i recently spoke with arianna huffington. she is inactive is too signed an open letter to world leaders this year urging them to address issues of an equity for women to when we talked, i began on what motivated her to join that letter. arianna: i think it is incredibly important to realize in despite all the emphasis debates and

lockheed denver. we have been both on this wesion for seven years and wrote the previous discovery mission to the moon. it is great to be able to work with steve again. thank you. appreciate it. [applause] because lockheed martin has worked on previous mission someone has been recently what is the insight mission routine. i was still a little bit from tom hanks in apollo 13, there's nothing routine about going to mars. we are happy to be a part of this mission. i have been on the program for about seven years now, i can attest that on saturday morning the excitement and into the patient will be second to none. i will be so happy to get this off the ground. the three phases that we participate in our the designl and development of the components that test phase and on the play operation. for the design and development those of you have been involved in the mars program, you will notice it looks a lot like phoenix lander which was launched in 2007. that is intentional. we want to build on our previous s

>> i worked for a great ceo at lockheed martin. he came from the humblest of circumstances and was a grunt marine in vietnam. got his first job building aircraft and was the ceo of lockheed martin. never lost the ability to connect with people. in case i left anyone off the list, i was going to say you next. >> does bill clinton's meeting with loretta lynch help make a decision told the press release? >> yes. it was that meeting in conjunction with loretta and loretta's decision to know she would not recuse herself but accept my recommendation. at that point, i decided as much as i like her this would not have credibility with the american people if i announce it standing next to her. i never thought i would be in that situation. given where we are, worse would be standing there having the american people having doubts about the work she said she would accept doing it separately. people can disagree about it but we thought we would have to do bad not worse. >> the justice department looking at taking out of the prosecutors man the

way those stocks went way up lockheed martin went up two points raytheon went up two and a half points raytheon of course makes the tomahawk missiles which in the last few months we've been dropping on syria rather frequently systems northrop grumman side stock go up actually even boeing which which lost money on this their c.e.o. said they're ok with it. they could make some money considering they make the moab the mother of all bombs and largest non-nuclear bomb in the u.s. arsenal which we dropped in afghanistan and april twenty seventh teen i think what's really interesting is that this is in sharp contrast to the korea peace talks that have actually we've seen we've seen the opposite happen where the stocks of the defense is already out in the stock is going down exactly second this is bad for these businesses exactly where you know it's interesting because there's often you know immediate market moves based upon the news and there are people high frequency traders and others who get in and try to grab that arbitrage but you know i was looking at some of the stock just before we w

way those stocks went way up lockheed martin went up two points raytheon went up two and a half points raytheon of course makes the tomahawk missiles which in the last few months we've been dropping on syria rather frequently systems northrop grumman stock go up actually even boeing which which lost money on this their c.e.o. said they're ok with it. they could make some money considering they make the most of the mother of all bomb. the largest non nuclear bomb in the us is arsenal which we dropped in afghanistan and april twenty seventh teen i think what's really interesting is that this is in sharp contrast to the korea peace talks that have actually we've seen we've seen the opposite happen where the stocks of the defense is already out in the stock is going down back in a second this is bad for these businesses exactly where you know it's interesting because there's often a media market move based upon the news and there are people high frequency traders and others who get in and try to grab that arbitrage but you know i was looking at some of the stock just before we went to air

the united states and we saw stock prices for example from companies like northrop grumman from lockheed martin trading higher it could affect a company like boeing they have a pending contract for about one hundred ten airplanes in a total value of a good four billion dollars so that deal certainly could be in jeopardy and then also we have to see what happens on the energy market oil prices fell here in the tuesday session but i guess that was because most people actually anticipated that donald trump would pull out and we saw already saw oil prices gaining quite a bit in the past couple of days so my feeling is that we have probably need to sleep one night over those events and then also wait for the global reactions and then we might have a better idea in the wednesday session while we can see want to and then of course european investors will be waking up as well and he said the feeling that european companies could be more effective attention and merican ones yes there is this feeling besides of boarding they're not really that many big u.s. players are doing an awful lot of busine

justice department and positions in private practice with such firms as lockheed-martin and bridgewater associates. mr. comey says he never expected to write a book but eventually chose to do so to drive the conversation about ethical leadership and their nation's core values. he is called president trump out of step with those values comparing him to a mob boss and stresses personal loyalty over the law and has little regard for morality or truth. not surprisingly the president has had some choice words for mr. comey calling him a bleaker and a liar among other derogatory names. meanwhile sales of "a higher loyalty" keep going up. [applause] and tickets for events like this one fell -- sell out in minutes. this evening you will get a chance to see and hear mr. comey in person and form your own impression without a filter. you will be in conversation with mike allen one of washington's most prominent and tireless journalist. mike wrote for the "washington post" and a couple of other news organizations before watching the daily newsletter playbook and "politico" just over a decade ago. h

weekend inspection trip and brief vacation, the president traveled to the marietta, georgia, plant of lockheedaft company for the roll out of the c-5-a galaxy, biggest air ship ever built, with engines twice as powerful as any in existence, the c-5-a can do three times the work of the largest cargo plane the u.s. now operates. >> but more important of all are for the first time our fighting men will be able to travel with their equipment to any spot on the globe where we might be forced to stand and they will travel rapidly and efficiently. so it's much more than a rollout of a great aircraft that you're seeing here today. we are observing a long leap forward in the effective military might of america. >> that same weekend the president flew to texas for a tour of the national manned spacecraft center in houston where he viewed the nation's preparations for the conquest of outer space. here he also made an announcement of a further step toward bringing the nations of the world closer together. >> i want to announce that we will build facilities here in this great space capital of houston to he

between increasingly senior jobs in the us justice department and physicians in private practice with lockheed martin and bridgewater associates. james comey said he never expected to write a book and chose to do so to drive a conversation about ethical leadership and our nation's core values. he called donald trump out of step with those values, comparing him to a mob boss, stressing personal loyalty over the law and has little regard for morality or truth. not surprisingly the pres. has had some choice words for mr. comey calling him a leaker and a liar among other derogatory epithets. meanwhile, sales of "a higher loyalty: truth, lies, and leadership" keep going up. [applause] and tickets for events like this one sellout in minutes. you will get a chance to see and hear him in person and form your own impressions without a filter. he will be in conversation with mike allen, one of the most prominent and tireless journalists who wrote for the washington post and a couple other news organizations before launching a daily newsletter just over a decade ago. he left politico in 2016 to establish

and life on earth it was a particularly bad weekend in moore dora pentagon city for the likes of lockheedmartin rape the northrop grumman and the rest of the merchants of death how bad well fortune dot com estimates that the u.s. has five a large of the fence contractors shut about ten point two billion in value on friday alone think about that for a second seriously we live in a world and allow businesses to operate where to them world peace equals ten billion dollar losses and profits. that kind of business needs to wither and die on the buy ladies and gentlemen so that peace can grow and we will no longer need to be watching the hawks. but. it looks like. it's with. the products if you. like you know that i got. it because. he. believes it so. welcome everybody to watch the dark side of the world with her and that's how the hell is. he if he needs that i'm not very good make that much money boy peace brings a ten billion dollar loss that's that's incredible that in our time in our time. you know two countries saying you know what we've been fighting for over almost seventy years sixty

. >> william is the director for lockheed aircraft who recently worked for the council on general dynamicse f1 11 company, and a junior partner in his law firm was the under secretary of defense. , president ofstee morningside heights and corporation, the organization concerned with institutional expansion of morningside. also, if you wonder how it was that columbia acquired the land for the gymnasium, a 400 your lease renewable every -- 400 year lease renewable every five years after the first 100 years, only have to look as look at who the trustees are. the corporation which has done 17% of all the building in new york city since the war. benjamin button, one of the corporation.hat brown, he is also on the building corporation, one of the directors on the board of cbs. chairman of the board of the columbia broadcasting system. for 2 successive sessions of the same legislature, colombia's ruling elite made journeys to albany, new york, to convince legislators that this is indeed a wonderful thing for the morningside heights community, that columbia should put this gymnasium there. ninedon

meanwhile, defense stocks moved in the other direction with northrop, raytheon and lockheed. the dow rose 2 points to 24,360. it had bee down 150 points today. the nasdaq was up a point and pthe s&p was a fraction. eamon javers is at the white house with more on the president's decision.he >> reporter: president was widely expected to pull out of the iran nlear deal,ut the question was what level of sanctions would the united states b reimposing on iran. the presidentt answered t question. >> i am announcing today that the united states will withdraw from the iran nuclear deal. we will be instituting the highest level of economic sanction. any nation that helps iran in or its quest nuclear weapons could also be strongly nctioned by the united states. america will not be held hostage to nuclear black mail. >>> meanwhile, the new national security adviser john bolton briefing advisers tfter president spoke explaining that american companies won't be able to enter intoit new contracts iran. the treasury department, he said, will be laying out 90 to 180 day wind down periods for

we saw stock prices from lockheed martin trading higher.could a cup -- affect a company like boeing. they have a pending contract for 110 airplanes worth about $4 billion. that deal could certainly be in jeopardy. wheels i have to see what happens in the energy market. oil prices fell here in the tuesday session. i guess that was because most people actually anticipated that donald trump would pull out. we already saw oil prices gaining quite a bit in the past couple days. my feeling is we probably need to sleep one night over those events and also wait for the global reactions, than we might have a better idea on the wednesday session. helena: we can sleep on it, then of course european investors will be waking up as well. is there the feeling that european companies could be more affected potential is an american ones? -- potentially than american ones? jens: yes. there are not a lot of u.s. players doing an awful lot of business with iran. there are also no oil imports from iran to the u.s. if you look at some infrastructure companies, e

as part of a weekend inspection trip the president traveled to the lockheed company to look at the roll out of the biggest carr go plane the u.s. now operates. >> but more important of all, for the first time, our fighting men will be able to travel with their equipment to any spot on the globe where we might be forced to stand and they will travel rapidly and efficiently. so it's much more than a roll out of a great aircraft you're seeing here today. we are observing a long leap forward in the effective military might of america. . >> that same weekend the president flew to texas where he viewed the preparation for the concrest of outer space. he made a further announcement of bringing the world closer together. >> i want to announce we will build facilities here in houston to help the world's scientists work closer together, more effectively on the problems of space. we are going to establish here in houston a new lunar science institute, along the side of this great center that you have here. >> the new center will provide means of communication and research for the world's scientifi

yet it's always you know everyone is celebrating because the share prices of old boeing raytheon lockheed and others have gone down how can these regional peace deals be done in the face of all of that military industrial complex pile if this deal is being it on and i think both koreas have to be very careful of not walking into a trap as well the trap could be that north korea is to psalm to completely and north korea knows that by having. you clear weapons that's prevented it from being another iraq canal the libya from big attacked i don't think there's any question about it so while it's desirable look north korea is dissolved of nuclear weapons and and all of korea is denuclearized it also has to be the americanized the two in fact the the forma is rather more important than the latter. how that happens is going to be a very tricky part of the negotiations coming up because korea as far as the united states can is concerned is is really a front line on a number of countries but especially if front line on china it does russia and china board is russia and child or of course but it ha

the united states and we saw stock prices for example from companies like northrop grumman from lockheed martin trading higher it could affect a company like boeing they have a pending contract for about one hundred ten airplanes in a total value of a good four billion dollars so that deal certainly could be in jeopardy and then also we have to see what happens on the energy market oil prices fell here in the tuesday session but i guess that was because most people actually anticipated that donald trump board pull out and we saw already saw oil prices gaining quite a bit in the past couple of days so my feeling is that we have probably need to sleep one night over those events and then also wait for the global reactions and then we might have a better idea in the wednesday session while we can see want to and then of course european investors will be waking up as well and is that the feeling that european companies could be more effective potentially and merican ones yes there is this feeling besides of boarding they're not really that many big u.s. players are doing an awful lot of busi

contractors lost ten point two billion dollars in one day who will cry when when peace occurs to lockheed martin northrop grumman general dynamics raytheon and boeing and last but not least i give you a reporter from the u.s. military stars and stripes newspaper bob reid he commented north and south korea agree on denuclearization of the peninsula but fall short of specifics which is true yet is president moon seeking a separate peace with the north side stepping the all important u.s. security interests he's this isn't this is what this is what western media and the think tanks they can't comprehend it's not about them this is their real big problem you know it's very interesting is that the north korean regime if we can use that word this is a very calculated plan on their part and they understood what happened in libya they understood what happened in iraq ok so they come to the peace table strong and it's important and with nuclear weapons and with the goal of maintaining their sovereignty i don't understand what's going on in the think tanks in washington d.c. this is patently obviou

and life on earth it was a particularly bad weekend in moore dora pentagon city for the likes of lockheedmartin rape the northrop grumman and the rest of the merchants of death how bad well fortune dot com estimates that the u.s. has five the largest defense contractors shot about ten point two billion in value on friday alone think about that for a second seriously we live in a world and allow businesses to operate where to them world peace equals ten billion dollar losses and profits that kind of business needs to wither and die on the vine ladies and gentlemen so that peace can grow and we will no longer need to be watching the hawks.

have served in uniform and when the defense department has a trillion and a half dollars to hurl at lockheed martin for unnecessary wasteful fraudulent weapons when veterans are sleeping on cardboard boxes in the rain i have a problem with that and i'm not willing to let that go down that's a big reason why i'm running to make sure that we get the money from the pentagon and divert it to rechannel it to the needs of working american people speaking of money i got to ask you the i think it should probably be the number one question of any candidate running for office do you take corporate money i don't you know we made a pledge not to accept contributions from corporate pacs and ultimately i mean to be fair i don't think most corporations would want to fund me anyway because i'm pretty explicit in my my aims and they tend not to overlap the interests of corporations there is one exception i don't take money from the biggest you know a set of corporations that share interests with some of the issues that our campaign is promoting when we talk about mass surveillance and the co-optation of the

. >> william burden is the director for lockheed aircraft.his is for the council on general dynamics. and a junior partner in his law firm was the under secretary of defense. >> he is a trustee of the institution personnel. he is president of morningside heights and corporation, the organization which is concerned with institutional expansion of morningside. >> also, if you wonder how it was that columbia acquired the land for the gymnasium, a 400 year lease renewable every five years after the first 100 years, at an incredibly low sum of money, all you have to do is look at who the trustees are. percy, chair of the board of the euris filming corporation, which has done 50% of all the building in new york city since the war. benjamin button, one of the trustees, is on that europe building program. brown, he is also on the building corporation, one of the directors on the board of cbs. william f. paley chairman of the , board of the columbia broadcasting system. arthur sulzberger, he is chairman of the board for the new york times for two succ

have served in uniform and when the defense department has a trillion and a half dollars to hurl at lockheed martin for unnecessary wasteful fraudulent weapons when veterans are sleeping on cardboard boxes in the rain i have a problem with that and i'm not willing to let that go down that's a big reason why i'm running to make sure that we get the money from the pentagon and divert it to rechannel it to the needs of working american people speaking of money i got to ask you the i think it should probably be the number one question of any candidate running for office do you take corporate money i don't you know we made a pledge not to accept contributions from corporate pacs and ultimately i mean to be fair i don't think most corporations would want to fund me anyway because i'm pretty explicit in my my aims and they tend not to overlap the interests of corporations there is one exception i don't take money from the biggest you know a set of corporations that share interests with some of the issues that our campaign is promoting when we talk about mass surveillance and the co-optation of the

. >> lockheed martin has been looking at this form of travel.you ensure that you will be the first one there? >> there's a lot of companies approaching it a different ways. what they are doing is doing a test aircraft. it is a single pilot, no passengers. it is strictly a test aircraft. eventually, they would have to have a commercial aircraft. we have our design one that will fly by the end of 2023. >> what is going to push the timing back? is the perfectionism or technological challenges? >> there is an incredible amount of innovation going on. there's a lot of resources and partnerships. you have goals and targets you want to meet, but there are a lot of pieces that have to come together. all of that takes time to develop and mature. this is a new aircraft, so it takes time. it is tremendously exciting and it is happening. >> thank you very much. wonderful to have your time. ceo of spike aerospace. coming up, we will hear about bringing the cost down for higher education. this is bloomberg. ♪ >> welcome back to a special edition of bloomberg