let me just go back to what we were talking about these satellites, five iridium satellites, and they join other satellites from five previous spacex launches, sean? sean: yes, this is the sixth, idium, as everyone knows, that was around the beginning of the 21st century, and this is a major hardware upgrade to the iridium constellation. 55 of thember thatlite, and going from iridium to this one is going to internet.odem you are getting vastly improved data communication rates, much like when you had your first aol account. we are moving up. this is a major upgrade, and it is also a major launch acquisition by spacex at the time in 2010. $500 million, eclipsed only by the oneweb purchase for their satellites, which is yet to be launched. sean, you mentioned it earlier, but they are going to fast-movingg a tell me. stevens -- about that. at the top of the rocket, the payloads we are seeing today, you have to enshroud them with -- when you look at a rocket, and you see the tip of a rocket, it is the pointy parts, and that is to get us through the earth's atmosphere. we jettison that aft

it will be releasing satellites for nasa and iridium's commercial satellite network. we will take there you when it happens. to see yet another one of these majestic launches. >>> and ge bringing good things to life for investors. what a difference from yesterday? charlie gasparino tells us if more good things are in store. charlie was the first to say ge would possibly cut dividends because it needs to find money? what's he got today? "countdown" coming right back. ♪ can i get some help. watch his head. ♪ i'm so happy. ♪ whatever they went through, they went through together. welcome guys. life well planned. see what a raymond james financial advisor can do for you. my secret visitors. hallucinations and delusions. the unknown parts of living with parkinson's. what plots they unfold, but only in my mind. over 50% of people with parkinson's will experience hallucinations or delusions during the course of their disease. if your loved one is experiencing these symptoms, talk to your parkinson's specialist. there are treatment options that can help. my visitors should be

uranium has seen its biggest gain -- iridium has seen its biggest gain in seven months.s a day and at tic toc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i am paul allen. this is bloomberg. let's have a look at what is going on in the markets. for anets up shop hour. is up 1% as we25 head into the lunch break. it may be time to be bearish. it is hard to see where the good news is coming from, giving the anxiety surrounding italy and turkey. this is looking fragile indeed. zte could face three dollars -- $3 billion worth of losses from the u.s. ban. chinese partners are preparing to supply chips to the company. rising for a second day ahead of the fed meeting, but asian currencies are under pressure. the rupiah is really getting punished. it is trading at a two and a half year low. i want to highlight what is leading losses in kuala lumpur. says first-quarter numbers were strong thanks to resilient demand, but losses are expected for the carrier in the second quarter, due in part to high jet fuel prices. retail -- carson retail ju

multi-decade monopoly on the maritime organization, so they're going to be huge in the future, i own iridium it and also like canopy growth corporation just got listed on the nyse, the marijuana/cannabis conglomerate out of canada so they're up 5% today and i think you have to look at individual companies. liz: michael you've got about 2.7 billion in assets right now tell us what you're doing on a day like this. >> well we're longer term investors so we're not really doing much. i think while there's a sell-off you're getting things cheaper than last week but this isn't a full blown buying opportunity, and we like where we're at, so we are continuing to look at our positions in the areas that we believe in the global growth story being real, and so the materials the energy, the industrials the financials, the transports, and then tech and biotech just because of the great growth opportunities here, so we've got that and then a fixed income side, we're staying low duration and high quality balance sheets with a rising interest rate environment both here and we believe abroad consistent with t

iridium shares soared more than 8% for the biggest intraday gain in seven months.s ice sheets. global news 24 hours a day powered by over 2700 journalists and analysts in over 120 countries. i'm paul allen, this is bloomberg. ♪ let's see how the asian markets are shaping up. let's get to sophie with the latest. sophie: it is a mixed bag, asia stocks fluctuating. aussie shares are shaking some of the earlier delays, led by telcos and material stocks. japanese shares slipping as the yen holds onto gains. the cost is swinging to slight gains while the korean won is losing ground .2%. as we wait on fed many minutes do, let's look at the dollar, holding steady after a five-week climb. that is the best run for the greenback. the 60 day correlation is seen between the two assets as the most positive since january 2017. this happened after 2018 indicated an inverse growth relationship. let's take a look at the chart. some traders reckon this stronger correlation could hurt the rally, as there is less room to price rate hikes. a lifeline could come this week with heavy trea

was starting to get a little bit of traction, a russian satellite smacked in to smacked in to an iridium live satellite. and now is the end of that. that was the end of my initiative to try to get more satellites up there. so it was essentially greater odds of being struck by lightning which actually is , not good. you can get struck by lightning much more easily. now and since then, we've seen all sorts of debris, and that is going to be an ongoing issue that i think drives a lot of the policy here, and that is a classic place for government, national government, but also intergovernmental bodies to focus on. one of the products, war -- or byproducts of this great leap in innovation and investment is things like how we -- orbital delivery and how we are going to get the satellites to launch pass that cloud in what is going to crash into other things among many other things. there are so many issues here at play, geopolitical issues come -- issues environmental issues, , economic issues, privacy issues. when you talk about space policy generally, it's infinite in terms of the number of p