the program is almost three years behind schedule, but boeing is due to deliver its first plane to japan's all- nippon airways next month. the tech sector saw the best gains today, led by j.d.s. uniphase, video game maker electronic arts and f5 networks, each up more than 5%. despite the sour mood of consumers, high-end jewelry retailer tiffany isn't feeling it. the company raised its earnings forecast today. shares responded nicely, up 9% on strong volume. international sales have been strong, out-pacing the rising price of gold and helped out by the falling u.s. dollar. even though the stock is about $15 off its high last month, shares still are up more than 60% from a year ago. speaking of gold, the yellow metal has rallied for two straight sessions-- up another 2% today. of course, this comes after gold dropped more than $100 an ounce on wednesday. this is the past 30 sessions for gold. gold wasn't alone in the commodity rally. grains also popped. a private survey predicts american corn and soybean farmers will harvest fewer bushels per acre than previously expected due to flooding and

frustration is that the planning department wrote the letter of determination saying that boeing was permitted but we have fees on the entire space. we will pay for the retail. we understand it goes back into the community. we want to help and give back as we can afford. but paying $14,000 between the -- $44,000 is a big deal. we're going to open without furniture. commissioner adams: this is the kind of bureaucracy that is a problem and a hindrance. >> why should she be moving back and forth between departments? if you have your plants and you show them to the mta, then this is equally a problem going back and forth and getting, being told guests and then been told -- yes and then being told no. >> he did say, talk to the office of small business and the office of economic work force. have them write a letter so the planning department can advise me how to see you. i am looking at a floor plan and are letter saying it is right here but he needed all of those steps. that is part of the process. commissioner riley: d you have any suggestions as far as how we can help? >> there are a couple of thing

about one hundred at least here to the international market it's going to go head to head with boeing but ultimately it's russia's jet designed for tomorrow's traveler his artie's. this is one of the new hoops of russian aviation it's called the endless twenty and it's time to it is an airline of the twenty first century there's a lot riding on the fate of this plane it represents the efforts of a russian aircraft industry that so far failed to break into international markets and it will have to be as modern as it says it is to survive the competition. to mid-range passenger jet could be going up against the likes of boeing seven three seven an airbus has a three twenty both well established planes its makers are fully aware of the challenge ahead we understand. there are still these markets. market. we hope we will. all this market. will succeed. they're confident the n.-s. twenty one. will be able to technically match its competitors with a third of it built like compazine tales and totally us it will save them that crucial substance feel powerful in the course of want to see is to pre

have the latest commercial planes in the market right now i don't know if you can see behind me but it's a boeing dreamliner as well as the airbus a three eighty as well as so boya super chess all those people being been visiting those big planes trying to see what it looks like inside also on the defense side of a very big build up towards the unveiling of the u.s. one thousand and fifteen this is a fifth generation of military fighter and a fifth generation we're talking about more efficient faster and also better stealth capabilities and the only one of its kind of the market right now is the f. twenty two raptor which we lost the u.s. air force so the t fifty is going to be the market as of the other option as as you will a competitor to the f. twenty two and this is an important ground because this is where they will make their first public appearance i mean has had its maiden flight in january of two thousand and ten but now it's going to be shown to the public to see what its capabilities are so who are the manufacturers expecting about one thousand jets to be produced over forty here peri

it's not going to happen, but it would be job creation. if boeing doubled its contract with air force planes, that would be great news in seattle and somewhere elsewhere they're operating. in houston it's space. in the south, west virginia, it was bobby bird. it was jack murtha in johnstown, pennsylvania. why do people have a disconnect? they know the government creates jobs. every time in our life from world war ii, economically, all our experience locally and historically the government create jobs, and you hear eric cantor with this new cant of his, a religious notion of some kind that somehow this belief in small business means the government shouldn't do anything. when small business is the area of the economy that does best when the government spends money. what is he talking about? >> they're the companies that get started around the big project that the government funds. that's how it works. >> sure. >> it's a feeder system. small business doesn't start first. >> so why do they keep saying that government spending is bad when we know we need

bring in reinforcements for the aging domestic to pull if one five four fleets but also challenge the dominance of giants boeing and airbus in this market segment thankfully they're not starting from square one with a steady flow of skilled scientists and engineers from russian aerospace schools making the project all the more promising. we're designing this plane with a wide range of international partners inside russia this means working with research institutes for aero hundred dynamics aviation materials and aviation technologies. of aviation systems is helping design the airplanes digital components for a. twenty one will be offered with engine options with these p w fourteen hundred g. or the specially designed new p.t. for teeth a project of russia's obviously good to. is to provide the advantage of cheap engines without compromising performance parameters and available resources most importantly in terms of the lifecycle cost as compared to our competitors abroad mother of the it's important to point out that we're regarding this engine as the platform on the basis of which engines will be designed for

we got a letter from boeing because they are trying to get their new boeing 747-a certification. but the workers are not there to do it. so in addition to the work stoppages and the f.a.a. has now issue add total of 219 stop-work orders across the country, in addition to those, we also are seeing that the certification of a great new airplane is also on hold, so that we may start disrupting the capability for the airlines that have purchased these planes to be able to start flying the airplanes and upgrading their services. , oh, mr. president, this just does not -- oh, mr. president, this just does not make sense. we have -- we're going to lose $1 billion in the aviation trust fund if we leave this congress for the month of august and we don't extend the f.a.a. -- $1 billion of revenue paid by passengers in the ticket tax -- and they're paying it, but it's just not going to the aviation trust fund. it is going to the airlines in the form of a higher ticket price. it should be going to the aviation trust fund because that's what we use to build the runways and to make the repairs and

. >> this may look like any ordinary airliner to you but it is not. boeingam liner was unveiled yesterday. the $200 million jet promises to revolutionize air travel because it's made of lightweight carbon composites making it much more fuel efficient. nippon will fly dream liners by the end of the year. >>> in new york, the ultimate endurnlg test for athletes. the try an lodge with more than 3,000 athletes swimming and biking. this year's winner ben collins. >> u.s. treasury secretary tim geithner will participate in a conference call tonight with world financial lead everies. he'll discuss friday's downgrade with representatives of other g-7 nations. asian trading begins shortly. let's bring in richard quest, host of "quest means business." richard, the middle eastern exchanges were the first test. how is that going? >> not very well. as the numbers will show, what they are showing us, is the relationship between what happened with the downgrade and the international financial community. u.s. aaa bonds have been -- off the global financial system for decade

variation but, there is some determination -- variation in the amount of the fee, but in the general if sommer were a boeing co. from a larger one that wanted to come in, the fee would be the same >> i do not see any further comment. i would like to open it up to public comment if there is any. seeing none, commissioner dooley. commissioner dooley: i have written a possible motion saying the small business commission, in order to encourage small businesses, urges the city of san francisco to provide a separate set of lower impact fees for the easter neighborhood. anyone want to add anything? we would like to direct staff to develop another set of fees. >> that hits the nail on the head for me. can we have a motion? >> i will second that. >> to be proper, i would go to public comment. on the motion. president o'brien: do we have any public comment on the motion? yeah. seeing, none, that is closed. do we need to take a roll call? any objection? the motion is passed. we will go onto the next item. >> thank you for coming out. we appreciate it. >> are you going to take reservations at your bowling alley? ok, go

but that is not continuing this morning. we got a report showing that the europe economic growth asked for decline more than thought. hewlett-packard and boeing but they say the united states triple-a rating, that we have the rating and it has stocks off the lows. the outlook on the long-term rating for the u.s. credit is stable. i want to mention the silicon valley index is lower now. in time for the back-to-school season, target is offering a store credit at 1,500 locations. plus, they are adding the calculators, dvd, ipad, ipod, video games. they are evaluated on site. the service is available online at networth.com. live at the new york stock exchange, bloom business news. >> thank you. have a great day. >>> i am not going to say thank you because it may come as a surprise, but it appears that mean people earn more money than nice people. that's at the annual academy of management. men that weren't agreeable earned 18% more than mr. nice guy. ruder women earned 5% more than the kinder counterpart. a glass ceiling on temperament. the study looked at 10,000 workers found that men described as highly agreeable were less likely to get hired

but it would be job creation if boeing doubled its contract with air force planes, that would be great news this in seattle. in houston, it's space, in the southwest, west virginia, it's bobby byrd, it was jack murtha in johnstown, pennsylvania. why do people have this disconnect. they know that the government creates jobs, every time in our life, we know that world war ii saved us economically. all our experience is that the government crease jobs and you hear eric cantor with this religious notion of some kind that somehow this belief in small business means the government shouldn't do anything. when small business is the area of the economy that does best when the government spends money. >> small business is the companies that get started around a big project that the government funds, that's how it works. you get, that's, it's a feeder system. small business doesn't start first. >> why do they keep saying that government spending is bad when we know we need to have somebody spend and the consumers is scared, the investor is scared. if the government has got the nerve to do it, don

behind global industry leaders are we beginning to catch up with companies such as boeing and airbus they see near but let's see we have started this process which is a big step in itself. we have entered the race which is a goal that's right i would even say you we have jumped on to the last car leaving train but we are not the last standing on the platform so this is good it could have been much worse but i did say to the lawyers you can be building things instead of you know craft in the someone to write a budget we're getting new aircraft. we managed to retain some of our potential and as yuri said we are at the start obstacle for a follow up stage of what i see it's a start up and i do it's a process is underway and we hold that united aircraft corporation will decide sas for within vinnie dr piously. yes we have a chance thank you thank you very much both of you for being with us and just a reminder that my guest today would have let him go but he's the director of gates national education space show and you ready to sack director in history department and ethics but out of all of us here if you

county and all the businesses in that area, aerospace corporation is one that my husband works with, but boeing and north or maybe i'm misremitting the names because they merge siewfn, that i can't keep up, but there's engineers in businesses located within our areas who could partner with the schools to bring science into the schools, to make it more readily available. >> good idea. thank you, thank you, mr. chairman. >> gentleman's time has expired. i recognize -- [inaudible] >> thank you very much, mr. chairman, and thank you all for being here. let me congratulate the contest winners, you should be proud of your accomplishments. i hope you pursue some career in the stem field, we need you, and i'm looking for great things from each and every one of you. i thank the chairman for holding this hearing which clearly demonstrates the need for federal reform and investment in stem education. the schools remitted here are home to brilliant young students, but they represent form of privilege or lack of accessibility. a private school in texas, and virtual academy while free to students in virginia