tom: lightspeed's founder, cofounder and partner at lightspeed venture partners on the back of that one dollar investment in anthropic. we appreciate your time. plenty more coming up. stay with us. this is bloomberg. ♪ >> i do factor in some of that tariffs now of inflation and on prices. >> we have not seen this level of tariff, at least in modern times. >> there's an adverse effect with respect to inflation and affecting growth and productivity. >> the opinions on tariffs vary from their incredibly inflationary to they are potentially contributing to a recession. >> you have to take that longer-term approach hope, or maybe expect at some point that they will get to outcomes, markets will come. >> i think what you can't control is consumer confidence in corporate confidence, and i think that is what is falling off a cliff right now. tom: bloomberg investigates including federal reserve bank of new york president, john gray and fund management reacting to the news on tariffs, and here's the equity market reaction, since inauguration day president trump, you are down on the s&p about 2%

>> canada is interesting, because of the canadian operator has their own plans for lightspeed. probably only get there in 2027, 2028, 2029, so we can provide them in the short term. there is conversations we will have with telesat, while they launch their own consolation what we do in the short term. tom: you talked about the need for additional funding to it comes to supporting ukraine and the rollout of 1 web. how much additional funding would you need to ramp up capacity to replace starlink? >> this is mainly a question of terminal because, because the capacity has already provided. this is in the multiple tens of millions rather than the hundreds of millions, but terminals because typically between 5000 and 10,000. very secure military terminals are a multiple of that, but again, when you talk defense that is a reasonable amount for the needs that are served with having a stable and sovereign communication forum. tom: appreciate your time. what a consequential moment for the defense space. eva, the next ceo of eutelsat. to the earnings story around the airlines right now, a

an iconic sports team but we needed to get our training facility approved and in construction at lightspeed. we needed to we needed to basically do it get it approved starting from august to november and people said no way can you do that in san francisco. but you know what? we sure did and we did it with the support of the mayor's office. i want to thank mayor mayor and his team. we did it with the support of our incredible supervisors. i want to thank supervisor men super city supervisor professor doran and supervisor sÖder who are all here today and have been big supporters of ours. and of course we did it with the incredible office of workforce and economic development who have been our true partners going hand in hand with us from the very beginning as we sought to truly create this groundbreaking facility on treasure island. so i am here to say you know, this is san francisco's moment. this is also bfc moment, our home opener is on march 22nd at pay pal park. please come join us and cheer on the team we're told. we have one of the most electric in-stadium fan experiences. other teams

an iconic sports team but we needed to get our training facility approved and in construction at lightspeed we needed to we needed to basically do it get it approved starting from august to november and people said no way can you do that in san francisco. but you know what? we sure did and we did it with the support of the mayor's office. i want to thank mayor mayor and his team. we did it with the support of our incredible supervisors. i want to thank supervisor men super city supervisor professor doran and supervisor sÖder who are all here today and have been big supporters of ours. and of course we did it with the incredible office of workforce and economic development who have been our true partners going hand in hand with us from the very beginning as we sought to truly create this groundbreaking facility on treasure island. so i am here to say you know, this is san francisco's moment. this is also bfc moment, our home opener is on march 22nd at pay pal park. please come join us and cheer on the team we're told. we have one of the most electric in-stadium fan experiences. other teams a