boeing's significant contribution to the u.s. economy today and for the past 100 years is a result of the engeneral newt of our highly skilled employees they develop the most sought after products and technologies in the world. boeing's cutting edge tk technology takes years to develop, $3 billion of research and development per year. and the bulk of our innovations are protect d as trade secrets. because of this, trade secret protections are vital to securing boeing's intellectual property. it doesn't have one recipe for its secret sauce, thousands of trade secrets are critical to maintaining unparalleled success. boeing's valuable engineering and business information is a significant risk. once publicly disclosed, rights and trade secrets may be lost forever. investments wiped out in an instant along with the competitive advantage those trade secrets provided. of course, boeing is on constant guard to prevent theft but today companies cannot lock their trade secrets in a safe. the vast majority of business and engineering infor

this number has been slashed by 50% on the brand-new boeing 787. ana's main competitor japan airlines has adopted a similar strategy. both companies believe an increasing number of budget travelers will opt to fly with low-cost carriers. but there's another reason behind the disappearance of the 747 in japan. the country's airports. to use such a large aircraft it is essential for airlines to have a hub airport, as they have to sell a high number of seats for it to be viable. currently, there is no such airport in japan. in germany, lufthansa is betting heavily on two of the world's largest commercial aircraft. the latest model of the boeing 747, and the massive airbus a380. one of the company's executives explains why. >> we have to see the position of frankfurt and also our hub in munich, and maybe in zurich, vienna also in the lufthansa group system so we have a possibility to connect a lot of european cities from these huge hubs, which means if you compare this with tokyo, tokyo is not a hub like frankfurt when it comes to servicing so many nei

what is boeing specifically doing to combat this? what measures have you taken -- sorry if i'm plowing old ground here. >> in terms of our overseas presence? >> yes. >> we hold our subsidiaries and our relationships with partners to the same level we have in the united states. the complexities are that we're in a different country and we have to adhere to their laws and they may not be as harmonized and effective as ours. >> do you think it's important to have legislation that protects both domestic and foreign trade secret theft, do all of you agree with that? good. we'll proceed with the legislation. i appreciate -- >> everybody nodded for the record. >> okay, good. >> if you can do that more awedably next time that would be great. thank you for your testimony. >> let me ask one last -- maybe two last questions of everybody. there's been some reluctance on the part of corporate victims of trade secret theft to engage in the criminal law enforcement process, one of the things that we've heard has been that taking that step rather th

what is boeing specifically doing to combat this? what measures have you taken -- sorry if i'm plowing old ground here. >> in terms of our overseas presence? >> yes. >> we hold our subsidiaries and our relationships with partners to the same level we have in the united states. the complexities are that we're in a different country and we have to adhere to their laws and they may not be as harmonized and effective as ours. >> do you think it's important to have legislation that protects both domestic and foreign trade secret theft, do all of you agree with that? good. we'll proceed with the legislation. i appreciate -- >> everybody nodded for the record. >> okay, good. >> if you can do that more awedably next time that would be great. thank you for your testimony. >> let me ask one last -- maybe two last questions of everybody. there's been some reluctance on the part of corporate victims of trade secret theft to engage in the criminal law enforcement process, one of the things that we've heard has been that taking that step rather th

boeing, aerospace king. charitable trust name and advanced technologies.'t that the same as oracle? no. it is a pure spec. i will allow it. we'll say -- ♪ hallelujah . now to patrick in new jersey. we have a lot of east coast people. >> caller: a big north jersey boo-yah. i'm calling about jetblue, bank of america, apple, gt advanced only the and jcpenney. >> gt infected a lot of people's portfolios. a little bit of spec. gt is spec. apple is tech. spec and tech, they are different. bank of america is the bank we have stock in. squet blue is aerospace and jcpenney. no one believes me on wall street. i don't care. i sop there. they don't. retail, tech, bank, aerospace, why not? ♪ hallelujah >> i like it. stay with cramer. (vo) rush hour around here starts at 6:30 a.m. - on the nose. but for me, it starts with the opening bell. and the rush i get, lasts way more than an hour. (announcer) at scottrade, we share your passion for trading. that's why we've built powerful technology to alert you to your next opportunity. because at scottrade, our passion is to po

>> boeing has been fighting these airplanes for decades.ble to take the expertise and involve a lot of the people and make them a part of this right here. >> do you think that this gives boeing a leg up over their competitors? >> i would like to think so. they were the first contractor to build a spaceship. >> be sure to tune in to bloomberg television tonight as we take an in-depth look at the next space race. another name in the space race? elon musk, all multitasking entrepreneur who is running three companies, he is in charge of spacex and his own lecture car company, tesla motors. elon musk is already announced plans to build a gig a factory that makes batteries or electric cars. that is jeffrey dunlop, who says that what mosque should really do is cut a deal with his competitors. tesla should quit making cars and start making batteries or all the other electric carmakers. he makes it clear that he likes tesla as a company and says he would rather own it then twitter and that there is a good chance that it will give investors a killer

some want to on who's been taking on boeing in washington state which is trying to destroy unions and outsource labor so they might have an ally for economic reasons and hillary but foreign policy wise i mean i don't want to call boeing this war profiteer but they basically are like i said to the second largest defense contractor in the world and they make money off of war or at least the threat of war to where people have to build up their military and hillary has supported all of president obama's most hawkish actions whether it was libya she supported strikes in syria and she supports the ever growing drone campaign against al qaeda and associated forces which are good for business i mean i guess you know we saw the banks and wall street backing obama why not get boeing on the back hillary debate on where they are going to pick their corporation their favorite industry to back them up talk about boeing's grip on washington beyond hillary you know one way to look at them taking interest in hillary is now to get a new power in washington but to maintain the power they already have sp

to discuss the details of the report as well as boeing's larger influence in washington r.t. political commentator sam sax sam what's up what's going on so let's take a look at more of the relationship between hillary clinton and boeing and how did they help each other while she was at the state department looking at her tenure there you see a lot of friendly deals between the two of them in what looked to be some quid pro quos so boeing wanted to sell over three billion dollars in aircraft to a russian airliner back in two thousand and nine so hillary clinton as the secretary of state went to russia and what she said she made a shameless pitch for this russian airliner to buy these planes and shortly after after that pitch we saw boeing make a generous donation to the state department of two million dollars so the state department can move through with the. pavilion for the united states at the world's coming up world's fair in china that two million dollar donation we know according the washington post reporting raised a lot of ethical red flags at the state department whet

got those planes you know made the deal to sell those planes to this russian airliner that the boeing made another generous donation of about nine hundred thousand dollars to the clinton foundation . of course bill clinton's foundation which is also. run partly by hillary clinton's and she's left the state department so you see a lot of these deals kind of being worked out while she was at the state department and it makes you wonder whether or not boeing was receiving any more preferential treatment in other corporations that weren't as generous to clinton sure as i'm but now that she has been out of the state department for a little bit do you think that we can expect the thais to continue but i think it's fairly obvious that they'll maintain close contact look the clinton political dynasty is among the most powerful in the country and boeing is the second most powerful defense contractor in the world and it looks like hillary is the front runner for president so why wouldn't boeing use the money it has in the in the influence that the supreme court has given corporations to go ahea

the boeing seven forty seven is the basis of today's aircraft. it's where everything is again from instrumental in the cockpit to the navigation equipment the sun and forty seven s latest theory is this concert is set to keep flying with many more years. not going to lose you. company officials here say they've decided to do away with two cats because of a change instead. don't pick them up. we're now focusing on high end accustomed to the so called premium class travelers the number of international flights from tokyo japan at the airport has just increased dramatically in the months that a pillar of our strategy is to take advantage of the airport's convenient location to attract business customers and to develop a solid network on the seven forty seven gmt use to allocate two hundred and fifty seats for economy class passengers this number has been slashed by fifty percent of the brand new boeing seven eighty three he and his main competitor japan airlines has adopted a similar strategy. both companies believe that increasing number of budget

>> boeing, we own it. i like boeing. because you get two parts to the story. you do get the defense piece, which they have been shrinking and they should given the macro backdrop and then get the aerospace cycle. in fact, we also own united technologies which is an aerospace parts company. couldn't get that out. parts company, which has more leverage to the aerospace cycle. >> would you, boeing -- >> love it. >> it's commercial as well as the -- >> yeah, and because of that, that's what i do like, along with steph. when you really look at the fact they get -- approximately near 50% of each, you're not completely dependent of one over the other. when you look at the backlog, they seriously have been eating the lunch of the competition so far, and it continues. >> and the production in the backlog with airbus and boeing combined. very powerful. >> yeah, and nice consolidation around 130, so i think there could be more upside. i also like boeing. >> jane, go ahead. >> what i think is so very interesting about all of the defense names, especially like a lockheed o

it released new recommendations to boeing and the faa.onduct short circuit tists on board -- tests on board an airplane. test all permanent lithium batteries. develop better battery test standards. and appoint an independent over sight panel. this comes a year after the federal aviation administration pronounced the batteries safe for passenger flights. >> this has a certain sense of urgency to it. >> reporter: he believes the ntsb which can only make recommendations is trying to force the faa and boeing to do all these things. >> they are saying we are not happy with the work you have done on the 787. we are concerned any aircraft could have problems. they think they are not safe yet. >> reporter: in a statement today boeing said we remain confident in the safety and integrity of the battery solution which was developed by boeing and approved by the faa last year. we will keep on this. tom vacar, ktvu channel 2 news. >> and on www.ktvu.com we posted our full 2 investigates report, including more of the video of the batteries failing and

the ntsb orders more tests for boeing's 787 dreamliner. regulators want more thorough testing of the lithium-ion batteries on board the dreamliner. the board also recommends developing new tests for battery quality. requiring boeing and manufacturers to conduct the tests. a review of the methods used to okay usage of the original batteries. plus, create a panel qualified to advise the faa on the new technologies. there are 143 boeing 787 dreamliners currently in use worldwide. toyota is recalling about a half million cars for tire, brake and airbag issues... sienna minivans have spare tires mounted under the vehicle that might fall off. the brakes on lexus gs 250 and 350 sedans can suddenly active without warning and without brake lights. toyota is also re-programing airbag software on highlander and highlander hybrid crossover suvs. chinese online retailer-- jd.com is off to a robust start on the american stock market. the ipo gained 10% in its debut on the nasdaq. the $1.8 billion offering is one of the largest of the year... but anticip

>> boeing, yes. boeing not in the investigation team as such.ey are an adviser to the effort rep of the usa, and usa being the state of design, state of manufacture, and the national of transport safety board of usa obviously needs a lot of important information from boeing, and that's the reason why boeing, same like rolls royce, representing the engine manufacturers, are in the part of the accredited rep team. thank you. >> all right. yes, second row. the lady, please. [ inaudible ] [ speaking foreign language ] [ speaking foreign language ] >> all right, you've been watching a news conference from kuala lumpur. that's the malaysian defense minister, the acting transportation minister, hishammuddin bin hussein. he was giving the latest update, this the day after malaysian officials finally released their official report on what happened to flight 370, at least as much as they know. in this news conference, he basically laid out the next phase of the search operation, talking about the underwater search and the new machinery, the new efforts th

the recommendation comes after uncontrolled overheating lead to a battery fire on a boeing dream liner, that happened last year. lisa stark has this report. >> reporter: the ntsb believes the process used to certify the batteries was inadequate, not taking into account how the batteries would be used in the real world. they are still investigating a battery fire on the japan airline jet, happening a year ago in january. the safety agency wants better and more testing for the lithium ion batteries to make sure they don't overheat and catch on fire. the f axe a in response says -- f.a.a. in response says it's working with battery experts and foreign officials to come up with standards. boeing says it improved the battery design and the testing in the wake of the problems with the batteries. the way the batteries are tested and designed should meet the ntsb recommendation, and the ntsb says it looks like boeing is meeting the new recommendations that the agency made, but the f.a.a. still needs to come up with new better standards for the, and needs to apply them across the board to the ba

triple sevens, and boeing 737s. faa says lit take a look at all of the recommendations to see what more may need to be done to insure the safety of these batteries and the safety of those folks who are on these airplanes. rachelle. >> the syrian government says it has regained control of a key prison facility. because it is near the turkish border. al quaida fighters took over that prison a year ago, trying to free more than 4,000 inmates. the reports today that troops are broken the siege, but the battle over the northeast region has -ed almost two years. it would have sent reports of human lights violations to the criminal court. james because has the story. >> they have few equals in modern history. sadly, because of the decision by the russian federation, to back the syrian regime, no matter what it does. the syrian people will not see justice today. they will see crime, but not punishment. >> the russian ambassador made it clear he felt the french had drafted the vetoed resolution, were looking for something mo

boeing has signed leases for several spaces on kennedy's campus. one is launchpad 41.er is the o.p.s. three. an abandoned factory where they hope to employee 300 people. >> chris ferguson piloted america's last shuttle. his new mission is to get boeing's commerical space program off the ground. >> it is not going to be so cavernous and empty. you will hear the clanking of work being done. >> neither nasa nor boeing would talk numbers. a user agreement reveals the fair market value for opf3 is $5.5 million dollars. it costs nasa what hundred thousand dollars a month in upkeep. some people say nasa's glory days are behind them. is that true? >> our glory days are in front of us. we are charging into the future. we know how to do that. it is time to transition to the commercial space industry. >> tune in tonight at 9:30 as we take a look at the next space race. an in-depth journey through the booming business of space exploration. now, it is time for the "bwest byte." john is in l.a. >> $1 billion. that is the base amount of money the secret service estimates is lost ever

aerospace company airbus in order to steal trade secrets to help boeing. we don't take orders from companies. now, of course, in china, there is a difference because these are state-owned companies. the chinese says it's no different. we're spying on each other. the united states says it's a big difference. >> what are the chances that this actually ends up in court? >> somewhere around zero. >> ok. >> that any of these five chinese military people will be standing in a courtroom in western pennsylvania which is where the charges were filed because u.s. steel is there, so many of the companies are there. the government says, look, we have tried making nice. we have tried doing this diplomatcally, quietly, the little letters back and forth. this is an effort every time they get nowhere with that, this is a way to raise the temperature and saying to the chinese we're watching closely and keeping on doing this. >> what was the reaction in china by the officials? >> two things, first of all utter denial in the strongest possible words calling the charges compl

under alan's watch this man, an outsider who came on from boeing.e reinvented ford and its brand to something that means quality today. an unlike ford, detroit's rivals which were forced to plea for a $63.5 billion bailout from the take a dime from uncle sam. >> i'm alan, i'm from ford, and i'm ready to take care of your car needs. >> he se corrected his reputation after becoming ceo in 2006. the year the company lost nearly $13 million. >> i got a call from the great grandson of henry ford, and he told me about the situation, and as you pointed out, it was pretty tough. >> his expertise came from 37 years at another american icon, boeing. once at ford, he moved quickly. mortgaged all of ford's assets, including its iconic blue oval. he obtained a $23.5 billion loan in 2006 before the financial crisis hit and avoided a government bailout, he invested in technology, shut plants, and cut jobs, and promised a culture of candor and collaboration. before him ford was slit into separate divisions and brands. he decided to weld them together and focus main

he was raising these questions with no less than the ceo of boeing. it's very good to have you.t you are saying is that the company had over the years given to the clinton initiative and foundation. he kicked in some dollars for the american civilian of the chinese world fair. but there might have been equipped pro-poe. but the ceo said the word is the stand. you just want to know what is going on? >> yes. as a personal shareholder in the national center for public policy research that we've been asking ceos to own up to some of the things, we are worried that boeing has committed fraud because they gave a donation to the foundation that is run by the spouse of a public official, in this case hillary clinton. right about the same time she was helping them get almost $4 billion with the russian state airline. neil: nothing wrong with being a selfish shareholder, has a sure holder i can date touchÉ, it helps me, mice.went up. the other set david, be quiet. >> is a shareholder you need to be concerned. because this is a vague law. the dc circuit court of appeals called it subtle. w

that is when boeing would come into the picture. remember, at this point this is mostly an operational investigation. what happened, who did what to get it there. we still don't have any wreckage so it is hard for boeing to make any kind of participation at this point. >> and you will remember what i'm speaking of, it has probably been 40 days since the public relations nightmare took hold. would you expect with regard to this report that the families would be given some level of executive briefing before it is made public to the world at large? >> always, always, always. every investigation i have ever done, you speak to the families privately before you go to the news public. before you send out a mass text message. it doesn't matter what aircraft or how many people are involved you take the time to do this right. now, we have the family assistance act or protection act here in the united states where that would not happen because they are regulated to do so. but over there you would think that they would have taken care of that o

the boe rate decision as well.h "on the move." ♪ [inaudible] . . >> welcome to "on the move." i am francine lacqua at bloomberg european 500 in london. joining us in just a moment is the chief executive of barclays. first we are just moments away from the start of european trading. our markets team has everything covered from companies to currencies. manus cranny and jonathan ferro. manus, we are seeing futures higher. >> a little bit of a better tone to the futures this morning on the back of yellen speaking. german data was a little bit softer. ,he chinese export data story it is waxed and waned with china. i am lost. >> a lot of people are very bullish on china. they say even if it is not great , they have a great handle on it. i am with you. buyers beware. jon, central-bank action will be the other big story. >> things are starting to get interesting at the bank of england. there is a division starting to emerge in the ranks. report.s the inflation june 17 is when the ftc meets. that could give you an idea of w

the day that boeing is out of business isn't on the horizon. what is depressing about this, although your book acceisn't depressing, but this is a lesson we refuse to learn. in the wilson administration we separated the founds based on the war. and the incoming congress and presidential nominations saw it wasn't a good idea to keep it around. they set it to one side and these ideas sat there and ferment until the depression and world war ii. the economy that emerged after the world war ii was a big moment. it happens because the united states has almost all of the worlds surviving non manufacture materials. europe, japan, united kingdom -- all of the sophisticated regions were destroyed. when people look back at those years, they draw precisely the wrong lesson. we set-up this that and the other program during the depression. and during the war we were involved in the economy and then a 91% top tax rate. maybe that was the growth. not the fact our competitors were cleared from the world change and by 1973 the rest of the world has begun to reco

i think you will hear the clanking of work being done. >> neither nasa nor boeing would talk numbersagreement reveals a fair market 3 is about $13.5 million. the real cost for nasa is in the maintenance. currently costs nasa about $100,000 per month and upkeep. some people say that nasa's glory days are behind them, is that true? >> it could not be further from the truth. we are charging ahead into the future. we have been going back and forth in orbit for fifth d years now and we know had to do that. it's time to transition to the commercial space. be sure to tune in to bloomberg tv tonight at 9:30 p.m. eastern and this weekend as we take a look at the next space race with an in-depth journey through the booming business of space exploration. b-west s time for the byte. jon erlichman as an ally and we have a special guest with us, jordan robertson. you actually have the byte for us today? >> $1 billion as the baseline amount of money that the u.s. secret service estimates is lost every year to atm skimming. it's a form of hacking. it's where they attach a piece of plastic to an atm

so lets look at boeing mechanics just got a $10,000 bonus. they got it because they gave up some of their retirement money. so they've got $10,000. they're gonna lose some right away to taxes so they've got $7,500. say they splurge a little, then take $5,500 and put it in a roth ira for their retirement. say they are in their 30s, that becomes about $55,000. so if you look at it that way, it's like a treat. it's like splurging. you're gonna turn $5,500 into about $55,000. > >that is pretty dramatic. > >it is and a lot of people say i would love to save for my kid's college but i can never get the money. say you take about 5,000 and your child is about 10 years from college and you put it in a 529 plan where you save for college. then that 5,000 might become 10,000. again, it's kind of a splurge in a way. > >so have fun with it, maybe use it for some debt reduction, and then invest it for your future or your kids' future and you're all done. > >have fun. > >gail marksjarvis--thanks so much. thanks for that interview bill...are traders going ed

you're saying the calculations weren't your calculations, they could be boeing's or someone else's?yours, but you're going let the malaysians make the decision on whether or not to release them? >> well, the calculations in the first instance to create the model were ours. and we gave those within ten days of the aircraft going missing, as you know. the submission goes into the air accident investigation board, who the uk is representative on the search, on the inquiry. we are only a technical contributor to that. within that inquiry, other parties also contribute, like boeing, like rolls-royce, and like the radar information as well. so we're one part in the whole. and we have contributed our bit. >> so one of the family members we have spoken to frequently on this show, sarah bajc, the american partner of philip wood says the data still isn't complete. on day one, i want to emphasize what we have what the malaysians released. but they note that some columns that have no material information have been removed from the tables. so can i ask you of the 47 pages, how much about do we h

and look at boeing and they're not expensive valuation wise. they all trade in the low to mid teens. i think they have a long way to go on the upside. >> coming up, the ceo looking to change the face of the trucking industry. natural gas as a feel for the future. plus, christy is hosting an evening full of pricey warhol's. whether the art bubble is real or not. stay tuned. understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment services company." improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we'll raise it yet again. . >>> i don't know what that is. >> it's the beasty boys. >> you don't even understand the beasties. >> we're talking about take-two. coming in far below the street's expectations. 2008 last trade. retail sales slowed sharply.

they think these things are not safe yet. >> reporter: in a statement issued today, boeing said, we remain confident in the safety and integrity of the battery solution, which was developed by boeing, and approved by the faa last year. tom vacar, ktvu, channel 2 news. >>> our coverage continues on ktvu.com, you can watch our original report about the dangers of lithium batteries, and the raw video of battery testing that we obtained. >>> the house voted to rein in the national security agencies collection of phone records. the bill passed. it limits the nsa's ability to collect and store land line records up to 18 months, and gives them access to many phone records. the bill was a compromise between the white house and conservative republicans. it goes to the senate, where its fate is uncertain. >>> the tiny blue lizard has a laptop, and reminds users to choose between friends and public for status updates. the default has also changed to friends. it's been set at public since 2009. facebook will also roll out an expanded privacy checkup tool in the next few weeks. >>> a major humus recall

he is questioning whether boeing more the cia might be involved.ake a look at this. ♪ that is a movie about flight 370 already? a trailer for the proposed film "the vanishing act." but first i want to look it this notion of profiting off greed and even death. we saw michael jackson performing at the billboard music awards. he died five years ago but there he was live and in living hologram promoting an album from beyond the grave. he joins the ranks of tupac at coachella. elvis singing with see lean dion. but if you ask me it's more than just a little creepy. jackson, presley and monroe are pop celebrity moneymakers. those are performers, icons who knew their legacies would endure. those who lost their lives on 9/11 didn't know that nor did their families. and a museum is now selling 9/11 memorabilia. it raises a good question. where do we draw the line? when is it okay to make money off other people's grief or death? first we start with breaking news tonight. it is on clippers owner for the moment anyway, donald sterling. the nba took its first le

they think these things are not safe yet. >> reporter: in a statement issued today, boeing said, we remainonfident in the safety and integrity of the battery solution, which was developed by boeing, and approved by the faa last year. tom vacar, ktvu, channel 2 news. >>> our coverage continues on ktvu.com, you can watch our original report about the dangers of lithium batteries, and the raw video of battery testing that we obtained. >>> the house voted to rein in the national security agencies collection of phone records. the bill passed. it limits the nsa's ability to collect and store land line records up to 18 months, and gives them access to many phone records. the bill was a compromise between the white house and conservative republicans. it goes to the senate, where its fate is uncertain. >>> the tiny blue lizard has a laptop, and reminds users to choose between friends and public for status updates. the default has also changed to friends. it's been set at public since 2009. facebook will also roll out an expanded privacy checkup tool in the next few weeks. >>> a major humus recall i

he's credited with saving ford from financial ruin after being hired away from boeing in 2006.ill be replaced by ford's chief operating officer mark fields. >>> the new security update for internet explorer. microsoft issued the fix to close a gap that allowed attackers to take complete control of a computer. it's also issuing the update to windows xp users despite dropping support for the older operating system last month. if you have automatic updates enabled, you don't need to take any action. >>> and a groundbreaking spectacular in las vegas. bogging champ floyd mayweather made an entrance on a construction tractor as confetti filled the air. a giant shovel was used to start building a 20,000-seats sport ace rina on the las vegas strip yesterday. it's due for completion in 2016 and city officials hope to attract major sporting events and possibly a pro sports team. wendy? >> i just got back from there yesterday. i guess i'll have to go back. >> got to check it out. >> jill wagner from the new york stock exchange. jill, thanks. >>> coming up, a high school senior prank goes

the agency said these planes are safe, and boeing said also we made a lot of changes.o now the faa will have to look at these new recommendations to see what it needs to two about them. >> so any reaction? >> . >> these batteries might meet these new standard, but they are shaying look, we still need to have this new standard in place with all batteries. >> one of the first opening gay officials but the debut is not without controversy. >> a new stamp out today, honors harvey milk, one of america's first openly gay elected officials. the u.s. postal service called him a visionary leader but some conservatives are upset about the stamp, as you might imagine. rocks sara is live with this. >> the postal service, released a stamp today that is printing 30 million of them. and gay rights activists see this as a big victory, but some critics say this is no role model. >> my make is harvey milk, and i am here to recruit you. >> for many americans sean penn's portrayal of harvey milk, with was the first time they had heard. he was openly gay when he won a seat on the board of

they're the same type used in a boeing 787.he boeing -- today the ntsb criticized the process used by the federal aviation administration to certify the new jet. the ntsb is also reviewing the faa review its lithium eye on batter testing process. >>> some of the world largest draw makers face a lawsuit. officials from santa clara and orange county filed the lawsuit in state superior corey court. they say more than two decades, these companies have wage and campaign of deception about the benefits and risks of paper killers such as oxycontin. they are -- for common conditions without proof of their effectiveness. they say that's caused a big surge in ediction and deadly overdoses. >> we've seen increase in overdose deaths. babies born with drawl. we've seen skyrocketing medical costs and crime with opioid abuse. >>> they say they want to stop the deceptive marketing of these products. >>> the city of san francisco is -- harvey milk. people gathered at market today for a dedication sir known me celebrating the new stamp there. to

in april, a boeing 757 flying over the pacific nearly collided with another aircraft, after climbingthe altitude controllers assigned them. the aircraft forced to plunge 600 feet in seconds. >> i'm looking down the aisle, and there's, you know, hundreds of people in front of me. people start screaming. there's noises of things that weren't secured falling around. >> reporter: where the error lies in these most recent air disasters, still under investigation. well, there was no damage reported to either aircraft, and this all ended without any injuries, carol. >> how often do things like this happen? >> reporter: well, you know, i spoke with the faa about this, and as far as their statistics go, this is a pretty rare event. especially when you consider how many planes actually take off every single day and land every single day. there aren't that many of these. that being said, i mean, when something like this happens, they take it very seriously. that's why you see the ntsb and the faa both investigating, because you just can't have the situation where you have passengers onboard and

he has dealt a blow to the business of boeing and lockheed martin.he spacex founder did after the break. ♪ break thes effort to lockheed martin and boeing monopoly over the sale of rocket engine seems to be showing some results. yang yang joins me right now. saying the russia card may have worked out. >> it certainly does. a complaint in federal claims court and a judge answered late wednesday night and issued a preliminary injunction blocking the air force and the united alliance from buying any rocket -- russian-made rockets. a joint venture of lockheed martin and boeing, it uses that are supplied by a russian company and control i at the prime minister dmitry were goes in. -- rogozin. engine argument is one that he's using in his case to test the monopoly over the pentagon's military satellite market will they are the only venture certified to operate within the program. they were awarded another contract back in december. it is that contract that elon musk wants to reopen for competition of stop the injunction is the core of spacex's argument. th

i like kansas city southern and boeing. give you three numbers for boeing. 20, 35,000, and 5.what is that? >> over the next 20 years, 35,000 commercial planes will be bought around the world for $5 trillion. boeing doesn't have a lot of competition. that's a lot of money. gerri: who is that? >> they make restaurant equipment. gerri: cool. >> we eat out more and more. by the way, not just us. everybody is eating out more and more around the world. a hectic world. not everybody is waiting in the bunker for the end. a lot of people are making it happen. gerri: so excited about your new show. >> thanks. gerri: it will be so much fun. come back. we'll promote it more. do everything you can to get people watching that show. >> my marion goal, by the way? self-empowerment. get people to realize great country. don't give up. gerri: don't give up. love it. >> thanks a lot, charles, gerri, appreciate it. >> watch charles's new show, making money and watch "the willis report" and he on 6:00 p.m. right after the show. coming up later in the show. new service promises for 25 bucks, it will