it is a good day for jeff bezos -- the founder of amazon added more than $6 million to his -- $6 billion to his personal wealth today. according to the bloomberg index, mr. jeff bezos is now worth about $50 billion. a big surprise today from the world of wrestling -- the wwe has cut ties with one of the country's biggest stars, hulk hogan. the move follows a report that hogan used a -- racial slurs. thrown out the pension overhaul calling for eliminating liabilities by cutting benefits and increasing traditions. the judge said the plan was unconstitutional and chicago has the worst pundit pension system of any major u.s. system. that is a look at the stories this hour. hillary will detail the finer points of wall street and tax priorities less than a half hour from now at a speech at nyu. she is expected to discuss her stance on capital gains, executive pay, and how and when companies report share purchases. in greenwichora is village. thank you for your time today. we know -- at least we have a sense of what mrs. clinton is going to discuss, but how is she going to sell this to a skeptical financial community? do she believe that she could have it both

that reveals mr. bezos is obviously a very intelligent man. so in order to have a fair and even playing field in the interest of the government and good forestry it's important, of course, that the participant necessary that competition are able to bring competitive products to the marketplace. that's why we need continued access to atlas. in addition to that, the competition itself needs to be fair and even. so we must be held to the same technical standards in terms of the performance and the missions that we're able to fly as well as the contracting requirements. so today, the ula is required to perform to what's called far part 15 which are a set of very complex and sophisticated acquisition regulations. they require us to provide elaborate, extensive and financial reporting tracking and reporting systems. our competitor in a commercial marketplace does not. so all of these elements have to be level. and then i also also advise the government that for national security missions for which our nation's mystery depends that a low price accept

but first i have to observe that that comment reveals that mr. bezosy a very intelligent man. so in order to have a fair and even competitive playing field that is healthy in any interest of the government and good for industry it's important of course that the participants in that competition are able to bring competitive products to the marketplace. that's why we need continued access to atlas. in addition to that, the competition itself needs to be fair and even. so we must be held to the same technical standards in terms of the performance, in the missions we're able to fly, as well as the contracting requirements. so today the ula is required to perform to what's called far apart 15 which are a set of very complex and sophisticated acquisition regulations. they require for us to provide elaborate, extensive and expensive financial recording, tracking and reporting systems. our competitor in a commercial marketplace does not. and so all of these elements have to be leveled. and then i would also advise the government that for national security miss

where we can get amazon pricing for everything but that is not likely to get to happen here despite mr. bezos. and finally there is the touchy issue of recruiting brilliant personnel. and we in america relied heavily on warner van bron and other folks imported from germany and the last one just died down in huntsville, alabama and there are brilliant scientists who make a difference. i couldn't help but note on the first page of mr. myerson's testimony, he's recruited folks from lots of places including someone with merlin experience. that is interesting. it makes me think, regarding the rd 180, the failure is not to have recruited a russian who knew how that worked. where is that person? and maybe the chinese did that when they integrated that into the long march or maybe they just stole the blueprints. but you kind of wonder you hope that a team of scientists can do great things and in many cases they have. but in some cases there are brilliant individuals who come up with the seektd sauce -- secret sauce. and that leads us to the very interesting feature of space x where they do not rely o

bezos is doing this, guys. hello, everybody. welcome to "risk & reward." this hour we'll begin with mr. trump. donald trump visiting the texas border and true to form he had plenty to say. we'll show you. you will hear from "the donald" himself. you've been hearing about it last hour, amazon earnings blew away every analyst, every trader, every expert. >>> more proof a report that contradicts the president. there is nothing to see here if you're obama. we'll talk about as well. risk and reward

bezos manipulating the income statement like jack welch used to do? is there any difference? tuna: i would not use the word and but manages probably tom: there we go. mrwelch, if you're watching, it was managing the income statement, not manipulating. thank you for coming in on short notice this morning with s&p capital. in our next hour, michael mckee and i looking forward to this. a conversation with richard claire. on the raging debate -- i say there is slack in the economy. it is terrible. with some you look at jobless claims? richard clarida in our next hour. ♪ tom: good morning. bloomberg "surveillance" let's get to a smart morning must-read. that must mean michael mckee is with us this one. what you have? mike: a lot of news on china overnight. the purchasing managers index falls to 48 point two, lowest in 15 months. they are widening the band on the u.n. the imf is telling them to take up controls on the stock market. this leads me to something that at most of you just brought up the other day. henry kissinger said, writing in "world order," " american told that every problem has a solution; chinese think that every solution is an admission ti

mr. bezos's involvement. so we don't want to be too idealistic in this. finally, there's this touchy issue of recruiting brilliant personnel. we in america -- i think the last one just died in huntsville alabama. incredibly, there are some brilliant scientists who make a difference. i couldn't help but note on the first bais page of mr. meyerson's testimony, he recruits from lots of places. including someone with merlin's experience. that's interesting. it makes me think regarding the rd-180 is actually not recruiting a russian who knew how that works. where is that person? and maybe the chinese did that when they have integrated a that into their lot in march or maybe they just sold blueprints. but you kind of wonder you know, you hope that a team of scientists can do great things. in many cases, they have. but in some cases, there are these brilliant individuals who come up with the secret sauce. and that leads us to the very interesting feature of spacex where they do not rely on the patent system to protect their idea preferring, instead, the trade se