when lockheed martin and boeing, i mean, these are two giants. the fact that they have a joint venture here, this is a business where they've been launching military satellites into space for the federal government for decades. and they look at their track record and see elon musk and this upstart from california threatening to take some of that business and i can tell you, you get a feeling it's almost personal here. they have been doing this very successfully and they put their track record out there against spacex any time you want. the question at the end of the day is, is elon musk offering a value proposition to the federal government that it cannot ignore and at some point it's going to come down to the numbers. can he deliver on the same number of satellite launches these guys have been doing for years at a cheaper price and that's the case he was making today. it's an appeal that i think's going to get a lot of attention in congress. particularly. if it doesn't get a lot of attention in the air force today. >> he didn't mention the tesla

federal government as well because it will be very hard to knock off the combined forces of lockheed martin and boeing in the military side of things. it is a powerful competitor who is ready to take on elon musk, you can be sure. >> and the fact that landed in the ocean, does that raise questions about the reasonability of the rocket? >> i think that was their plan all along. and the fact it was destroyed by said it was the bad luck it landed in the middle of a storm, it does raise the possibility had it landed in a calmer place, would it have been a more successful reentry for the soft landing? we will have to wait to see. august the, elon musk feels good enough to stand in front of cameras and talk about it, assign that that confidence in the future. >> the way this works, the land and the water uses less propellant. the rocket basically tries to slow down the weight comes into the atmosphere, so it needs more energy, more propellant meaning less payload, lessig can deliver. it's always about the payback and the decisions about balancing how much they can deliver and how much propellant they need.

air force's decision to give a military satellite launch contract to a venture between lockheed martin and boeing. peter cook is in washington as well as our editor at large in new york and joining us is sean casey, managing director of the silicon valley space center. he is in california meeting with engineers at the space studies institute. sean, i'll start with you. there seems to be conflicting opinions about just how successful this latest launch was since the boost stage was destroyed in the ocean so it actually wasn't reusable. how successful do you think it was? >> well, i think based on what mr. musk had to say, the telemetry from the first stage indicated that it had come down successfully and that it had maneuvered to a zero velocity point before dropping into the ocean. the comment from musk was that the ocean was pretty choppy and so that contributed to the demise of the vehicle, but based on the telemetry which is pretty much how we get all of our engineering data back from launches, the telemetry indicated that the vehicle performed successfully and is ready to move on to the next

right now, the air force only uses rockets made by lockheed martin and boeing. in a lawsuit filed today, they seek to reopen bidding for rocket engines that the air force agreed to buy last year. musk said the contract as written costs taxpayers millions of dollars that space x could save them. >>> toyota is expected to tell employers today it's moving -- or employees, rather, that it's moving the national headquarters out of california. the automaker is uprooting its offices in torrence in los angeles county, moving to texas. this according to the automotive news. the news reports the company told its executives friday it will inform the other employees today. southern california was once home to toyota, nissan and honda. nissan moved to tennessee in 2005. honda is in the process of moving its u.s. headquarters to ohio. >>> i don't care what kind of automobile moves you around, you may want to find one where you can pick the air conditioning. i was thinking convertible. >> how about both? you can drive with the top down and blowing on you. >> do they have such

united launch alliance to do national security related launches it is a joint venture with lockheed martin and boeinglooking at the online poll results we asked if you believe the veteran affairs secretary was aware of the phoenix va scandal. 87 percent said yes. 13 percent said no. do you believe that john peter will be speaker of the house this time next year? ed rollins did not think so. cast your vote to end later we will reveal the quotation of the day. we will be right back. >> northwestern college football players against the n.c.a.a. holding a vote to see if the team should join a union. a full report from chicago. a full report from chicago. next. [ male announcer ] it's one of the most amazing things we build and it doesn't even fly. we build it in classrooms and exhibit halls, mentoring tomorrow's innovators. we build it raising roofs, preserving habitats and serving america's veterans. every day, thousands of boeing volunteers help make their communities the best they can be. building something better for all of us. said. ashley: and the fbi investigating allegations of political consulta

united launch alliance to do national security related launches it is a joint venture with lockheed martin and boeing. looking at the online poll results we asked if you believe the veteran affairs secretary was aware of the phoenix va scandal. 87 percent said yes. 13 percent said no. do you believe that john peter will be speaker of the house this time next year? ed rollins did not think so. cast your vote to end later we will reveal the quotation of the day. we will be right back. >> northwestern college football players against the n.c.a.a. holding a vote to see if the team should join a union. a full report from chicago. next. predicting the future is a pretty difficult thing to do. but, manufacturing in the united states means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done. said. ashley: and the fbi investigating allegations of political consultant tried to ex

should be allowed to compete in the satellite launch market which he said is not blessed by lockheed martin and boeing compete and lose, that is fine. but why won't they even let us compete? corning reported a 26% rise in quarterly revenue. here we are, on the markets. olivia sterns has more. for futures and focus. oil futures are rebounding, coming off a three and a half percent drop -- 3.5% drop last week. for more on what is moving dan and am joined by mark. dan, want to start with you. break down the basics. why is the threat of tighter sanctions raising the price? >> this is the huge amount of crude that comes from russia. if you increase sanctions, you make it more difficult for them to produce oil. that will drive prices higher. >> they are the world's biggest exporter of energy. >> that is correct. they are number one in natural gas and number two in crude oil. >> is what is moving oil all about russia? >> i think it is a dichotomy of what is going on. we have a large surplus that is going on domestically. we have had turnarounds of the gulf coast. we have difficulties in libya. they have a ci

the contract was awarded to a joint venture between lockheed martin and boeing to purchase engines. the engines that ula uses in the atlas v system are manufactured by a kremlin controlled entity called npo. the engines are rd-180. powered in part by liquid oxygen and fetch 15 to $20 million apiece, the russian space sector is overseen by the deputy prime minister of the russian federal racing and a long-time putin ally and one of the officials name in the sanctions announced on march 17th. >> there's an impetus for ula to go out and purchase as many russian engines as possible before future sanctions go into place. this may not be in the best interests of u.s. diplomacy. >> a spokesperson for ula told fox news, ula maintains a two to three year supply of rd-180 engines in the united states to minimize potential disruption, the supply chain has never experienced a supply disruption in the 15 years of imports and russia has taken no action to restrict sales or exports of the rd-180. we asked the state depth whether u.s. diplomacy on the ukraine is being undermindded. >> the individua

bloomberg reports spacex wants to compete with the lockheed martin and boeing. the country's two largest defense contractors. the two have a monopoly on military satellite launches. the lawsuits which will be filed today seeks to reopen competition for 36 rockets that the air force agreed to buy last year. the contract is costing taxpayers millions of dollars for no reason. >>> b.a.r.t. is getting rid of a controversial policy that allows employees to bank unused vacation and sick time. you build it up and cash it out. the policy got a lot of attention after a former manager continued to get a payout from her vacation time and other benefits two years after she stopped working for b.a.r.t. the new policy requires employees to cash out unused vacation time at the end of each year. lawyers for the world's largest smartphone makers will begin delivering closing arguments in san jose this week. apple has been trying to prove samsung ripped off designs and features of its products. samsung says apple copied some of its technology. this is the second go around for the

united launch alliance to do national security related launches it is a joint venture with lockheed martin and boeingat the online poll results we asked if you believe the veteran affairs secretary was aware of the phoenix va scandal. 87 percent said yes. 13 percent said no. do you believe that john peter will be speaker of the house this time next year? edollins did not think so. cast your vote to end later we will reveal the quotation of the day. we will be right back. >> northwestern college football players against the n.c.a.a. holding a vote to see if the team should join a union. a full report from chicago. next. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. said. ashley: and the fbi investigating allegations of political consultant tried to extort the new york mayor's chief rival i

certainly, lockheed martin and boeing. there is a subsidiary of boeing. northrop grumman has been a big player. host: back to the phones. las cruces, new mexico on the line for democrats. good morning. caller: greetings. thank you for taking my call. i am astonished that people cannot see the bad affect -- e ffects that will occur. all of the attractive uses of drones, like monitoring forest fires or finding people lost in the mountains, are very attractive. as on the technology is attractive. what is in store for the bad side or misuse of drones? i have a quick list. first, say goodbye to your american sense of freedom. you will have the psychology of a soviet citizen in a total surveillance society. when you expect that there are drones overhead and you cannot see them -- your psychology will change. ofwill be a deep formation the american psyche. host: how would you respond? isst: well, what i would say that i do think we need to pay close attention to the unintended consequences. there are privacy concerns that we need to address. i would also say tha

certainly, lockheed martin and boeing. there is a subsidiary of boeing. northrop grumman has been a big player. host: back to the phones. las cruces, new mexico on the line for democrats. good morning. caller: greetings. thank you for taking my call. i am astonished that people cannot see the bad affect -- e ffects that will occur. all of the attractive uses of drones, like monitoring forest fires or finding people lost in the mountains, are very attractive. as on the technology is attractive. what is in store for the bad side or misuse of drones? i have a quick list. first, say goodbye to your american sense of freedom. you will have the psychology of a soviet citizen in a total surveillance society. when you expect that there are drones overhead and you cannot see them -- your psychology will change. ofwill be a deep formation the american psyche. host: how would you respond? isst: well, what i would say that i do think we need to pay close attention to the unintended consequences. there are privacy concerns that we need to address. i would also say tha

he called the no-bid contracts with boeing and lockheed martin unfair. musk said that spats-x the rockets are better and more cost efficient than those being used by the federal government. >> i think the fact that we have a new rocket designed with new manufacturing techniques is very helpful for the cost. i think we have a number of design inknow vakses in the rocket that are -- innovations in the rocket that are helpful for cost. >> he announced that the rocket launch last week made a successful soft landing to earth. he said the rocket was destroyed after landing in a major storm off florida's coast but he hailed the mission as a major breakthrough. >>> social media can be tough to navigate especially when you are being attacked. >> it's so much easier to push a button and say somebody mean about somebody than for me to look you in the eye. >> today at 5:00, the anonymous attacks that have local schools and police taking notice and why some of the kids being targeted did not even want their parents talking to ktvu. that's today on the 5:00 news. >>>

purchase 46 rockets for use in the atlas 5 and other launch systems from a firm called the united launch alliance. a join venture between boeing and lockheed martin but the engines that are installed in the rockets cost 15 to 20 million apiece, those come from a kremlin controlled firm. the man who oversees it is a long time ally of vladimir putin who is one of the 11 kremlin officials that president obama -- >> i'm authorizing sanctions on russian officials -- >> placed under sanction in the ukraine crisis last month. it may be undermining the effective of sanctions as a tool of foreign policy. >> there's an impetus for ux la to go out and purchase as many as russian engines as possible before future sanctions go into place. this may not be in the best interests of u.s. diplomacy. >> the state department disagreed. >> i think the individual you are referring to was obviously sanctioned as an individual, not as a company. >> ula told fox news, the air force has a 2 to 3 stockpile of the russian engines. the supply chain has never experienced a supply disruption in the 15 years of imports. russia has taken no actions to restrict the sales. today,

so should companies like boeing and lockheed martin be worried? joining me now, charlie gasparino, jack otter of "barron's" and jonathan hoenig of capitalist pig hedge fund. jack, what do you think, does he have a shot at this one? >> i think he has a shot but problem with jumping on this, assuming the defense department says, sure, anybody can send a satellite off with top security. this is -- melissa: he made it into the space industry. no one thought he could do that. this seems easier. >> i think he is capable technologically -- melissa: he got the contract. he convinced them to give him a contract with spacex? >> this is highly sensitive stuff. they want to make sure he is a good relationship and doesn't turn into edward snowden guy on the. >> look at phil falcone, that he went through with lightsquared and how he thought he had approval, from i think it was from the justice department to get that part of the satellite and he didn't. and it screwed up his whole business model. when you deal with the government it is very touchy. listen, he is

latest in a series of them in fact worth a collective 2.5 billion to a joint venture between boeing and lockheed martinr force 30 sick rockets or booster cores in the use of atlas v and other launch systems but the engines used in the atlas v, care seen liquid okay again unit manufactured and supplied to ula, a kremlin controlled firm. and that firm is overseen by regazan the man president obama sanctioned last month. >> there is an impetus for ula to go out and purchase as many russian engines as possible before future sanctions go place. this may not be in the best interests of the u.s. diplomacies. >> reporter: a spokesperson for ula told fox news ula maintains two to three-year supply of the rd-108 engines to pin mize potential supply disruptions. the supply chain has never experience ad supply disruption in the 15 year of imports the spokesperson said. russia has taken no actions to restrict sales or exports of the rd-180. we also asked the state department whether u.s. diplomacy on ukraine is being underminded by the pentagon space launches. >> i think the individual you're referring to was obvio

had a lot of conversation with a lot of tech communities in my district and also with companies like boeing, intel, lockheed martin about the importance of developing a workforce capable of thinking creatively and driving innovation. it talks about the importance of immigrating arts and design into stem curriculums and helping students stimulate both halves of their brain and ultimately produce innovation. can you talk about whether the competitive awards under the stem innovation initiative will be available to schools and educators that are pioneering the steam model, which integrates arts education into stem. >> stem, steam, i am for it all. massu want to improve results, try a little music. >> exactly. know all the stuff. we think there are far too many children who have great aptitude and interest in stem fields and do not have access to great teachers and great courses, and we lose that. so many jobs in the future -- a hugely disproportionate number have been replied with passion and expertise and love of the stem areas. we want to create a master teacher corps were great teachers can get extra money so we d

. >> for the third straight year it is lockheed martin, the defense giant took $44 billion in contract money, followed by boeing, andense contractors, they held every spot within the top 10. mckessonrvices company snuck in at number 10 but even that was defense-related. they are the top contractor for the eva, the top supplier of prescription drugs for veterans. the numbers for lockheed martin are $44.2 million -- billion dollars, the federal tentacles almost reach anywhere in the federal government, they are number one in energy and the transportation department. so you really see that lockheed martin is everywhere and it will be hard to knock them down from number one any soon. >> the exclusive numbers, that is our washington correspondent peter cook. for more details on those contractor rankings, you can go to the bloomberg government website. coming up, preparing for the day he hopes will never come. -- is getting ready for a sin tommy. a tsunami.ready for ♪ >> start up lunch for newer chris robinson -- start up entrepreneur chris robinson has never -- before and he says a tsunami may hit silicon valley. he has

boeing is looking to acquire that supplier. mercury is a value of only $440 million. it offers big data processing systems, software and services. the company is including boeing, lockheed martin, northrop gruman. boeing has done really well. it's still off a little bit from that two or three monthsing baub it is close to the best levels its ever seen, which is about 140. >> big day ahead in the ipo land. investors lining up for grubhub. the online food ordering service from those of you in new york. to them, it's called seamless, which is what i use. seamless webb. all the wall street guys, you can order food to. if you're an analyst on the street and at 8:00 at night i wanted to get dinner, you would do it on your iphone and the food would just show up. grubhub pricing its shares $26 a share higher than the expected $23 to $25 range which has been raced from $20 to $223 on tuesday. that gives grubhub a valuation of over $2 billion. so this is basically a messengering service. $ -- >> not a whole time restaurant suitable forte out, are they? >> not all. and not all restaurants -- >> continuing to keep it hot. >> and not all restaurants do it. >> seems like you're in for an ex

military and arms agenda as well as an energy agenda and i'll tell you who's driving this agenda it's quite clear it's companies like boeing. lockheed martin raytheon general electric general dynamics. northrop grumman and some of these companies are also major shareholders in owners of every major u.s. broadcaster and media outlet so it's no surprise that you're going to see this kind of tainted twisted rhetoric coming from the media and not being doing at. investigation into any claims or any facts that are going on there because the agenda of peter is to increase budgets for nato and increase the u.s. defense department already obama's wanting to increase nucular arms spending above cold war levels so that should tell you what direction that the military industrial complex wants to go in lieu of this crisis marcus that gets down to is that. a new cold war our new policy of containment is good for business in america it may be quite logical what we heard from patrick but you know one hundred years ago almost exactly august nine hundred fourteen there was miscalculation and i can guarantee you i really want my viewers understand is that t

includes twenty four apache attack helicopters made by boeing nearly five hundred hellfire missiles produced by lockheed martin now these supplies and people may be bridging the gap until iraq has a self sufficient force to run its own country but then again it might not it might just keep them needing foreign talent to stay afloat for decades to discuss the alliance or actually the reliance on contractors in iraq i was sort of earlier by retired brigadier general david reste he's the vice president of the potomac institute for policy studies strategy and planning division i started by asking him how he felt back in two thousand and four when he saw those gruesome videos. i was in anbar province at the time when it happened obviously first of all the iraqi people most of those that i dealt with did not really back those actions it was a mob mentality they regretted happening but it was one of those situations that got out of control of course and if somebody could have pushed the pause button at that time it would have been ideal unfortunately you can't do that when things get out of control scene it was the worst thing that probabl