scientists and engineers at lockheed martin watched together along with the rest of the world as nasa live streamed the first high resolution full color images from the james webb space telescope, a telescope they spent years making. >> wow! so proud. so excited. right, very inspired. >> this is so exciting. it was so neat to see our work being broadcast out to the world. it's like 16 years of my life. and it's finally, finally get to see it. >> reporter: the webb telescope's camera can look farther back in space and time than ever before, offering the deepest, sharpest look into our universe ever captured. >> the team here at lockheed martin designs and builds the main camera called the near cam on the james webb space telescope. this is a mock-up of just one piece of the camera that allows the near cam to look at different wavelengths of light. scientists are calling the james webb space telescope a time machine. the telescope's infrared camera helps us see farther and more clearly into the past than ever before. this incredible image shows thousands of galaxies as it looked more th

when we hear or don't hear that sound is when we know we did it. >> lockheed martin and nasa plan thes of their x-59 some time this year. for its part, boom has chosen the location for the factory where it intends to build the overture airliner, greensboro, north carolina. but it still doesn't have an engine for the overture. >>> in golf, xander shaufly won the genesis scottish open. in the wimbledon men's single final, novak djokovic got his 21st grand slam. visit cbssportshq.com. flo: it's a good thing you bundled your home, auto, and rv insanwith progr. [ screaming continues ] that's cool. we'll finish up here. bye! [ roars ] [ screaming continues ] that's why you go to the restroom before the movie starts. get epic protection for your dominion with progressive. (woman vo) sailing a great river past extraordinary landscapes into the heart of iconic cities is a journey for the curious traveler, one that many have yet to discover. exploring with viking brings you closer to the world, to the history, the culture, the flavors, a serene river voyage on an elegant viking longship. learn

i want to talk about the ceo of lockheed martin. is a solid citizen.n i see a number, which we expected, expected 26 and 2155 i freaked out. the fact is there are some timing issues and supply chain issues. i asked you a question. we are and a proxy war against the russians. lockheed martin should not be missing out on missiles and fire control. i would think if you were trying to defend ukraine he would be ordering all the missiles you can. you didn't detective from what they told -- >> i think of lockheed martin is a natural, we saw them on face the nation. you do need is longer-range missiles because you're putting your own people at risk. i am not giving up on lockheed martin. it's to. >> let's get to the opening bell this morning. the big board volunteers of america the greater new york working to end homelessness in greater new york by 2050. is marketplace celebrating its listings. selectors the end front and center of a and carl i will tell you it was impenetrable. they wanted it to make it sound like everything was good. i think there are a lot

he mentioned lockheed martin. we can see some ministry jets behind you. thou say also a key bit of context. this is the war in ukraine now. is that music this altering how the exhibitors are approaching this? yes barbara yes, definitely is. as you can see yeah. there's some, some fighter jets behind me. there's a lot of military helicopters just over there. the question is, is sort of, what does this mean, the context of the war in ukraine? we know, obviously that nato has said that ukraine's military should be swapping into western millet, free as supplies. so that is a interoperable with nato rather than the old soviets or equipment that it traditionally uses. but ukraine's military is unlikely to be buying these sorts of aeroplanes. instead, they, they're using a difference across anti antiaircraft missiles, essentially that being supplied by western allies in large parts. so the question is, what does it mean for, for this industry, because these planes will be being sold to, to the british military and the u.

housing starts today with earnings from johnson & johnson beating expectations and reports from lockheed martin and netflix expected. apple facing a class- action lawsuit over antitrust violations, the suit filed by a credit union in iowa alleging that apple coursed consumers into using apple pay mobile wallet now makers of android devices let people choose their wallet, they can choose google pay or samsung. the suit claims apple's conduct is forcing the 4000 banks and credit unions that use apple pay to fork over at least $1 billion in excess fees per year. tiktok overhauling its business which includes layoffs, some employees in europe have been told there jobs are at risk, those in the uk have been warned about cuts and in the united states some have been informed that their roles are being eliminated. tiktok which has thousands of employees worldwide topped 1 billion monthly active users last year. hope you have a great day. >>> 4:41, this morning a heat wave ripping through europe, coming up, we are breaking down why this might be the preview >>> a very good tuesday morning, tracking the

. >> i want to talk about lockheed martin.s taken into account that earnings may be a lot worse. >> they are starting to hedge now. they are waiting for the other shoe to fall. you can hear it coming down the steps right now. we don't think they are fully adjusted. it will be very, very difficult for the s & p to come in at the 50-50 target. they will have to adjust down. analysts don't like to make adjustments. they are going to wait until the last possible minute to do that. it's almost unavoidable where cost of finance is going up. interest rates are following inflation. we are going to have an erosion of margins and earnings will come down. >> the call with the executives after the earnings release will be so important. talk to me about why you like lockheed martin. this is despite the fact the stock is up 21%. it's a very big move. only second to energy. you have a company selling at a reasonable multiple. and we are going to have continued and increased commitments to defense. the threats we have coming from overseas wil

we had a couple of wonderful astronauts the ceo former ceo of lockheed martin or magazine chair and they came up with the same scenario that we did. they uncovered the problem with the program and gave us some options for how we could move forward when we made a decision to go for that wasn't popular and as i outlined in the book, i took a lot of the blame, but the truth is so many people really did agree that we were an impasse and something had to be done. so explain for what was constellation. i mean, what did it consist of and why was it so badly managed? i mean what was going on there? so constellation was a government owned and operated program along the lines of follow the head of nasa at the time called it apollo on steroids, and it was established to do all things. it was supposed to start with a capsule. aldo ryan which we still have and a rocket called ares one that would take astronauts to the space station. after the shuttle retired, of course, the space station wasn't going to be there anymore unless they got a lot more money, but it's longer-term goal was to build an even

whether it is the javelins we saw down in alabama or the f-35 joint strike fighter that lockheed martin puts out, to our nuclear weapons forces and of course, as we look ahead to the future on emerging technologies, just as jim said, quantum, ai, hypersonic's, 5g, 60, next g. all of that is heavily dependent on ensuring access to microelectronics. we are not the only ones focused on this challenge. china is also focused on this challenge today. approximately 98 percent of those commercial microelectronics, that dod is so dependent on, are packaged and tested in asia. as jim said, we need to make sure both that we can assure our access in that we can have the most advanced capabilities that the commercial sector can offer. so semi conductors, it is not an overstatement to say, or the ground zero of text competition with china. they are able to have heavy subsidies. they weaponize the financial incentives to facilitate their acquisition of intellectual property. they are building indigenous microelectronics capabilities and they are doing everything it takes to become the center of gravit

congress to get the bill passed as quickly as possible for own safety said kind of grow the ceo of lockheed martin, which builds military aircraft, told the president that technology is too important to national security to outsource to china. we've got to have confidence in the security of the hardware itself that >> it hasn't been tampered with or degraded when we receive that to put it into. >> our aircraft. >> now, while there is bipartisan by and there are still several republicans who plan to vote against this legislation later this afternoon, accusing it of being a corporate handout. we're not washington. raquel martin, back to you right now. thank you for that update. recount. well, still to come on the kron, 4 morning news foreclosures in the bay area are on the rise. what experts are now saying about what this means for the housing market will be right back. ♪ ♪ how's he still playin'? aspercreme arthritis. full prescription-strength. reduces inflammation. don't touch my piano. kick pain in the aspercreme. don't touch my piano. area housing market is seen a rise in foreclosures in kron f

that camera built here in the bay area in palo alto at lockheed martin. we were out there today talking to the chief scientist who said they are extremely proud. they are setting up science for the next several generations of scientists. check it out. >> being able to observe the earliest stars and galaxies as they were formed. being able to observe, understand their evolution. be able to observe the star and the other is to observe planets and be able to not only get images, but get information that allows us that allows us to infer what's in the atmosphere of that planet. >> one thing that's being said today is thanks to hubble we were able to see black holes for the first time. thanks to webb, we're going to see planets that may actually contain life someday. >> there's something out there. >> you believe that, yes, i certainly do. >> i know you are very excited. a lot of people are. it is fascinating just to see all this happening in real time. >> there will be a lot more staggered pictures. we've seen four or five now that come in and we'll be able t

like nelson are feeling proud because the camera on board the webb telescope was made here at lockheed martin in palo alto. >> we are starting to see things and structures that we don't fully understand and that's where it's really the science that starts is what does this really mean, what do our models tell us today. >> reporter: the webb team says it is just getting started. the telescope will be taking pictures for decades looking deeper into space to each us more about what's in the universe. we'll keep you posted. in palo alto, scott budman, nbc bay area news. >> amazing pictures. thank you, scott. >>> in new york city, two people are dead after a boat capsized in the hudson river. several people were on this private fishing boat that you can see upside down in the water. several people were rescued by a nearby vessel. unfortunately, a 50-year-old woman and 7-year-old boy were unresponsive when they were pulled from the water by dive teams. both were later pronounced dead. they say eight other people were taken to local hospitals in stable condition. >>> up next, the emmy nominations ar

so i am raphael of lockheed martin. even worse, give huge sums of money to $1.00 of the most corrupt countries in the world, which before february 24th of this year, it was well known ukraine. was a very correctly i want to change gears a little bit. george. it's very interesting to me. we had a number of con, fab's. we had, you know, we're brussels, you know, the use always in permanent, a meeting. and we had the g 7 that we had nato, but the most important meeting was the g 20, which the u. s. and it's a g 7. now, ice armor basically disrupted and made it into a non event. they obstructed it for reasons that you and martin have already talked about here. is that they want the, the g 7 element of the g 20. if i can put it that way, they want to make sure their agenda is pursued and everybody are saying, no, we're not on board. i mean, you don't want to solve the world's problems that you actually have created your sanctions, your secondary sanctions. we don't want to be part of that. we want to solve problems. we all k

we don't know even we don't even see the receipts from lockheed martin and rape him. you know, we don't even know they get delivered. you know, if you're as old as i am, you can probably remember reagan coming to power in the arms, the arm scandal with the conscious. you know, reagan use the fog of war to cover up all this secrecy. to create secrecy over basically selling arms, iranians, which is a legal taking $30000000.00 off iran, and taking $18000000.00 of that and giving it to the counters to $5.00 to $7.00 inches in the drag your own course from the illegal he got off the hook even of a noun for that, because he used the fog of war to actually move dirty money around the people in the worst of very, very naive. they don't understand it. and the people did money. the people that did take the hall for it were pardoned of yes, i am the president of the and already and so we're going to quite good job. i'm also, i mean, i hate in both the tony blair's name again, sorry, but i mean to talk about the, you know, the, the, the, the dominance of the west coming to an end

we don't know, even we don't even see the receipts from lockheed martin and raise him, you know, we don't even know they get delivered if you're is old. i am, you can probably remember reagan coming into the scandal with the conscience. you know, reagan use the folk of war to cover up all this secrecy to create secret over basically selling arms to the iranians, which is illegal. taking $30000000.00 off iran and taking $18000000.00 of that and giving it to the contras to fight to send an interest in the graduate. all course from the illegal. he got off the who he was never known for that because he used a fog of war to actually move dirty money around, you know, people in the west, a very, very naive. they don't understand it. and he did money. the people that did take the hall for it were pardoned. oh yes, i am the president of the n r a. and so we go to quite good job also. i mean, we, i hate working tony blair's name again, sorry, but i mean, that's about the, you know, the, the, the dominance of the west coming to an end. i mean, he was part of the, the tipping point. he was very much

we don't know even we don't even see the receipts from lockheed martin and rape him. you know, we don't even know they get delivered. you know, if you're as old as i am, you can probably remember reagan coming to power on the arms, the arm scandal with the conscious. you know, reagan use the fog of war to cover up all this secrecy. to create secrecy over basically selling arms, iranians, which is a legal taking $30000000.00 off iran and taking $18000000.00 of that and giving it to the counters to $5.00 to $7.00 inches in the graduate. all course from the illegal he got off the hook. he was never known for that because he used the fog of war to actually move dirty money around people in the worst of very, very naive. they don't understand it. and the money, the people that did take the hall for it were pardoned of yes, i am the president of the an are a the and so we're going to quite good job now also, i mean we, i hate in booking tony blair's name again, sorry, but i mean, to knock about the, you know, the, the, the, the dominance of the west coming to an end. i mean

above all conventional warfare is profitable for the arms industry. companies like lockheed martin and 1000000000 selling fighter planes like the f 35. it's a technical marvel that's invisible on radar and automatically scans the ground for targets. it's precise, lethal, fast and intelligent, but above all, it's expensive. the whole program costs us taxpayers and allies, $1.00 trillion dollars this weapon has no utility, it's already obsolete. it's not detouring russia or china, it's not winning wars in iraq and afghanistan get, we're buying more of these things. so the f 35 is like the manager no lied in 1939 . it's an it's an obsolete weapon built to win the last war and not the future war . for almost 20 years behind the armed us forces and their allies have been fighting in afghanistan, but the best technology is useless without a clear strategy. u. s. troops have also been fighting in iraq for years. 3. 0. so they wanted to put on a big show of the american military driving tanks across the borders, going all the way to baghdad and taking saddam down, culminating with that totally

. >> the camera launched last christmas day was designed and developed at lockheed martin's advancedgy center. dr. nelson pitre -- pedro i -- peers through clouds of space dust. >> the clouds of dust you have in space that are between the telescope in the galaxy absorbed light on the visible they are transparent on the infrared. >> it takes about 12 hours of exposure to capture a single image. the data is transmitted back to earth where millions of pixels produce a high resolution photo could the images are providing details never before seen of what scientists believe the big bang produced to create the universe. >> we are going to be able to observe the first stars and galaxies and because we can observe with a higher resolution and sensitivity, you can see more details. >> it has been so far operating flawlessly. the technology developed here in palo alto is producing so many images that's going to keep at least two generations of scientists and technologies busy analyzing them. jobina:, it is national ice cream day. cream day. we will tell you about some want more from your vitam

on tuesday there is lockheed martin. this should be the moment in the sun. why? the west is rearming but the stock peaked 70 points. there was some very big sellers all day. did they know something? we will find out. at the close we hear from me: star, nestle. their last quarter was -- i struggle for a word, incoherent. microsoft was at supported track. for the longest time, netflix told us that there was plenty of growth in streaming. now the growth seems to be evaporating. wednesday we get the results from abbott labs. this is one of the most erratic companies because of the volatile covid testing business. that will run out someday but in the interim it is terrific. how often did you test this weekend? this is not a business that might not be around 12 months and that is probably what is going to happen. this is closing most important part of the weekend, that is tesla. the experts work all over the place. there were cell ratings, buy ratings. there were jokes about how funny it is to burn money, put it in the chimney, a furnace. if they can exceed the lowest

lockheed martin cut its forecast said it has yet to finalize along long-awaited new contract with thetagon for production of the x 35. there was a pill in an airy deal of fighter jets. china to find -- fine didi. alix: netflix surprising investors in april on a subscriber loss and warned of worsening. we will see what it means for netflix earnings. the stock has been seriously crushed. what are you expecting today? >> this has been a complete train wreck. we are bracing for subscriber losses in the second quarter. they have cited about 2 million. even if they report a slightly better number with fewer losses i don't think it will change the sentiment has been very negative and there is really a very cautious tone going in because visibility is extremely limited. we think there will be a lot of turbulence and downward pressure off of the story whether looking at inflation or recession. this perfect combination of headwinds affecting the whole narrative at netflix. anna: a lot they need to prove today, i suppose. what would a good result look like? is it coming to draw a line in the san

david: the camera launched last christmas and designed and developed at lockheed martin's devepment cwiths and technicians and a space team of 125. the man who led the project says it centers in on light invisible to the human eye and even appears through space dust. >> the clouds of dust in space between the galaxy and the telescope, they absorb light on the visible spectrum but invisible on the infrared. david: this takes about 12 hours of exposure to capture a single image. the data is transmitted back to earth where millions of pixels produce a high resolution photo. the early images are providing details never before seen of what scientists believe the big bang produced degree at the universe. >> we are going to be able to observe the first stars, the first galaxies, how they were formed. because we can observe with a higher resolution and sensitivity you can detail. david: it has been operating flawlessly, withstanding the extreme cold of space at an estimated 400 degrees below zero, along the vibrations of launch. the technology that was developed in palo alto is producing so many

the stakes are high for lockheed martin as well ylan mui spoke exclusively with lockheed's ceo and joins us with the highlights. >> lockheed's ceo told me he believes there is alignment between the business sector and republicans and democrats on the need for this investment now congress needs to just do it without it he warned that the u.s. could end up like germany, which is now literally paying the price for over relying on russia for energy. >> they allowed fragility to creep up over time with their dependence on russian gas and now with the situation in ukraine and russia potentially withholding that fuel, that's a real risk to germany's economy we don't want to get in a situation like that years down the road where we find ourselves all of a sudden in a very high risk situation. >> lockheed has said it wants to double its production of javelin missile. each one requires about 250 chips and they've been a critical asset for ukraine taiclet told me a secure supply chain is essential, especially if this war goes on for years, but also to make sure we keep enough here at home. >> even

sales of so-called offensive weapons to saudi arabia, including lockheed martin f-35 jets. biden put the ban in place early last year citing the saudi-led coalition's disastrous war on yemen, which has killed more than 100,000 people since 2015. in immigration news, the biden administration has extended temporary protected status, tps, for venezuelans for another 18 months. this designation only protects venezuelans who've been in the united states since march 2021. venezuelan asylum seekers who've come to the u.s. after march 8, 2021 are not eligible for the temporary humanitarian relief and face deportation. tens of thousands of venezuelans have fled due to rising shortages of food and medicine, and other conditions that have been largely exacerbated by harsh u.s. sanctions on venezuela. this comes as the biden administration also continues to mass expel thousands of asylum seekers from haiti, central america, and other regions arriving at the u.s.-mexico border under the trump-era pandemic policy title 42. and first lady jill biden is facing massive backlash after saying