for those programs we started nexgen gl and polar, stuff that was already well in acquisition like ocxi think the trick is just to keep a focus on and deliver on schedule and put the emphasis out there that the program managed to deliver on schedule, that is the expectation that i have. what is on the space development agency, there is an example of this approach and the emphasis on speed. what has been most challenging there in terms of execution and what lessons are you learning they are feeding back into inconsistent? >> you cannot build big fast. you cannot. i got that experience. sea has shown if you build a smaller systems you can build fast. when you use commercial buses, lockheed is using the trans orbital bus. northrop is using an arrow bus with airbus. when you build smaller and you take advantage of a commercial bus and you take advantage of existing technology, not reinventing the wheel, waiting antennas on, you can go fast. people are starting to take note of that and see that, speed can come from that kind of formula. >> let us shift the gears here, reauthorization, last

improving your work on nexgen. for too long these institutions have been underfunded. can you discuss briefly how you would ensure that the 1890s have this conversation about future research education and extension priorities? >> we take a look at ways in which we can incorporate. all minority serving institutions. they have taken full advantage. you mention the nexgen program our scholars programs at record levels. we have increased research. we have established for sectors of excellence. most recently the nutrition. we are looking at the possibility of the veterinarian school. i think a lot of exciting opportunities for us to continue investing. we obviously need a budget and we need a farm bill to continue. >> thank you very much. forty-year professor of hbc you. i appreciate all of your support mr. chairman, i yield back. >> recommending the chairman from iowa. >> thank you for being here. we have a lot of commonalities. you been our governor for many years. i just want to talk about what is happening in iowa a little bit. i was in boyne avesta county talking to 25

we need these nexgen tools. we can do them under our current statutes and policy that doesn't mean we know how to do them. we can write policy to make it so that everyone can do it that way as well. >> getting back perhaps to the first question, we don't need a lot of law and new regulation to realize this vision, we need to change some of our practices and propagate best cases. my hearing you right? >> with one exception, we are excited congress gave us what we are calling quickstart authority, this is something the secretary has been advocating for. he's said multiple times he's been advocating for it for decades. we included a request with our physical 24 bashar fiscal year 24 request. it's similar to the acquisition authority. when you jell down, it's focused on requirements. i was all about meeting requirements, i firmly believe it is a wonderful and necessary thing, but will we didn't have something for the services to say i have something that is really important that i need to get after as soon as possib

we need these nexgen tools. we can do them under our current statutes and policy that doesn't mean we know how to do them. we can write policy to make it so that everyone can do it that way as well. >> getting back perhaps to the first question, we don't need a lot of law and new regulation to realize this vision, we need to change some of our practices and propagate best cases. my hearing you right? >> with one exception, we are excited congress gave us what we are calling quickstart authority, this is something the secretary has been advocating for. he's said multiple times he's been advocating for it for decades. we included a request with our physical 24 bashar fiscal year 24 request. it's similar to the acquisition authority. when you jell down, it's focused on requirements. i was all about meeting requirements, i firmly believe it is a wonderful and necessary thing, but will we didn't have something for the services to say i have something that is really important that i need to get after as soon as possib

each nexgen renovation has more value of our technology because it is enabling high-performance applications in the ev market where we have game changing technology and power electronics. that market has been very strong for us. we are seeing customers adapt power technology to deliver better performance vehicles. even if the ev is flattish, we will see real growth for our capabilities in electric vehicles because of the technology trend shift. ed: i want to go back to the supply chain. is india ready to be a greater contributor to supply chain, semiconductor industry and ai? >> there is definitely a significant investment in infrastructure that is wired in india. we are -- required in india. we are seeing that. we have been asked by one of the larger smartphone oem's in the world to help train the indian supply chain to meet their needs. it is a great -- caroline: who is that? >> we don't speak about our specific customers and supply chains broadly or in public, but a very large smartphone manufacturer is asking us to help train supply chain to bring them up from a capability perspective to

commodity sectorht funds creates revenue stream for the nexgen technology.he world did not savor much all of a sudden china starts working up the value chain. now we find ourselves 20 years later having some of the most critical high-tech goods and depend on the chinese supply chain dependent on technology. when you look at all of the items that are critical to u.s. national security from raw materials to semi finished goods et cetera what is the 700 plus items? much of this items are vital to technology manufacturing. much of those items are concentrated exclusively for the majority of the production in china. one of the reasons why i mention some of the reasons why this happened one of the other reasons is america has become consumed with the notion of software. we become coders, app developers we have forgotten how to make the nuts and bolts that gives china an enormous technological advantage. when we look at telecommunications hardware we e,do not have those discussionse talk about open ram we talk about software s development. in terms of innovations o

improving your work on nexgen. for too long these institutions have been underfunded.can you discuss briefly how you would ensure that the 1890s have this conversation about future research education and extension priorities? >> we take a look at ways in which we can incorporate. all minority serving institutions. they have taken full advantage. you mention the nexgen program our scholars programs at record levels. we have increased research. we have established for sectors of excellence. most recently the nutrition. we are looking at the possibility of the veterinarian school. i think a lot of exciting opportunities for us to continue investing. we obviously need a budget and we need a farm bill to continue. >> thank you very much. forty-year professor of hbc you. i appreciate all of your support mr. chairman, i yield back. >> recommending the chairman from iowa. >> thank you for being here. we have a lot of commonalities. you been our governor for many years. i just want to talk about what is happening in iowa a little bit. i was in boyne avesta county talking to 250

in two years from now, a lower price point car with the nexgen model. share -- 15% market share. they are in transition phase now. in it to six months they start raising prices again when costs come down -- in six to eight months start raising prices again when costs come down. if 15% of the market is what they have today, they should continue to grow from there. that is a very high growth potential. we will talk about the ceo another time. in you have got to go. pierre, thank you. anticipated apple earnings after the bell. tesla has a buy. lisa: at a certain point, are you buying an electric car or binder tesla? that has been the key question. jonathan: we have been asking that question the last few months. tomorrow is payrolls friday. this lineup is stacked. kevin of morgan stanley and former governor and our good friend mohamed el-erian. all that's coming up tomorrow. from new york city, this was "bloomberg surveillance." ♪ get over here kids. time for today's lesson. wow. -whoa. what are those? these are humans. they rely on something called the int