because customs and border protection did not have the management in place to manage the contracts, so boeing just kind of took it and ran away with it. we have the ability, we have the technology. we are not being smart and strategic about making it a smart border in where we are spending the money. tavis: we are talking about what represents an imminent threat in a less imminent threat. when you talk about spending money on threats, how are you defining the word threat? >> we have three groups of people coming across the border. members who are associates of terrorist groups coming here to raise money. and you have criminals and violent drug smugglers and gangs that support the cartels, and then you have immigrants. two out of those three represent a significant national security threat, the terrorists and the smugglers. and you have this enormous group of people that outnumbers the first two groups of people. out of the three, it is the only group that can be managed at -- as a legislative and policy issue. i don't know what the answer to immigration reform is. a bookd, i could write and m

does not steal secrets, for example, from france's airbus and give to boeing so boeing can sell moreft. and that is what china is doing here. as you said, the chinese officials both deny that they're doing any of this, and second, they say the u.s., you're doing the same thing. and from my perspective there really is a difference. but if you're china and you have all state-owned enterprises, the government owns these economic levers, then that distinction is lost. what i think is key is china is an outlier in this activity. this isn't just a u.s. versus china. this is largely -- not entirely but largely the world versus china. and it is only china that is doing this sort of activity at this scale really on a global perspective. >> and why do you think the obama administration decided to go so hard on this now? >> this has been going on for really many years. the indictment itself notes that some of this activity goes back to 2006, 2007. so this has been slowly escalating. it started to peak a little bit last year when the national security adviser and president obama met with their c

engaging and you had a most wanted on who's been taking on boeing in washington state which is trying to destroy unions and outsource labor so they might have an ally for economic reasons in hillary but foreign policy wise i mean i don't want to call boeing this war profiteer but they basically are like i said the second largest defense contractor in the world and they make money off of war or at least the threat of war to where people have to build up their military and hillary has supported all of president obama's most hawkish actions whether it was libya she supported strikes in syria and she supports the ever growing drone campaign against al qaeda and associated forces which are bad or good for business i mean i guess you know we saw the banks and wall street backing obama why not get boeing on the back hillary develop when they all got to pick their corporation their favorite industry to back them up talk about boeing's grip on washington beyond hillary get well one way to look at them taking interest in hillary is now to do a new power in washington but to maintain the power they already have spent fifteen . dollars

so lets look at boeing mechanics just got a $10,000 bonus. they got it because they gave up some of their retirement money. so they've got $10,000. they're gonna lose some right away to taxes so they've got $7,500. say they splurge a little, then take $5,500 and put it in a roth ira for their retirement. say they are in their 30s, that becomes about $55,000. so if you look at it that way, it's like a treat. it's like splurging. you're gonna turn $5,500 into about $55,000. > >that is pretty dramatic. > >it is and a lot of people say i would love to save for my kid's college but i can never get the money. say you take about 5,000 and your child is about 10 years from college and you put it in a 529 plan where you save for college. then that 5,000 might become 10,000. again, it's kind of a splurge in a way. > >so have fun with it, maybe use it for some debt reduction, and then invest it for your future or your kids' future and you're all done. > >have fun. > >gail marksjarvis--thanks so much. thanks for that interview bill...are traders going edg

boeing should explain about this so-called anti-terrorism auto land system. made a soft landing in rough seas and then quietly drowned with the aircraft. someone is hiding something. it's not fair that mas should take the blame." does he have a point? where's boeing in all of this? >> it's not the first time doctor mahathir mohammad has raised this question. the former prime minister who is now getting on this years has raised the question of whether or not u.s. corporations that are involved in the manufacture should be -- so particularly boeing, should be criticized. u.s. companies. look, this is a former prime minister who was not the u.s.'s best friend in many diplomatic incidents. it's not surprising that he now takes a certain anti-u.s. stance in looking at all of this. from boeing's point of view i can tell you quite clearly they are sitting at the table with the malaysians and with everybody else and they are heavily involved but they are bound by annex 13 into what they can and cannot say it's their plane. they would come under the rubric of state of

the boeing seven forty so that made its debut in nineteen seventy. at one point to an upgraded more jumbo jets than any other country in the world. plane spotters flock to tokyo's hunted the airport in the march to witness the arrival of last month's decline. i feel it the fact that i had a good thank you for all these years the boeing seven forty seven minutes double deck designed to revolutionize the commercial aircraft industry. it saddened to hear fuselage could accommodate more than five hundred passengers that was more than twice the capacity of other teams at the time. the seven forty seven was a perfect match for the needs of a rising economic power. you see people spent decades maintaining jumbo to its use as their design marked the beginning of the new year i don't. the boeing seven forty seven is the basis of today's aircraft. it's where everything is again from instrumental in the cockpit to the navigation equipment the sun and forty seven s latest theory is this concert is set to keep flying with many more years. not going to lose you. c

so far, and it continues. >> and the production in the backlog with airbus and boeing combined. very powerful. >> yeah, and nice consolidation around 130, so i think there could be more upside. i also like boeing. >> jane, go ahead. >> what i think is so very interesting about all of the defense names, especially like a lockheed or a northrup is how they're trying to find international customers, not just in defense, but commercial application for the defense products. so they are less and less -- at least that is the hope -- dependent on the pentagon. >> yeah, you hear reports, jane, such as the commercial plane almost going into a drone? and that could be a real setback in terms of the commercialization of this technology to move away from the government uses, correct? i would think that -- >> well, i do think over the next -- the next few years, despite all the concerns of drones -- you have this american airlines commuter jet pilot saying he almost are ran into one over florida, there are lots of concerns about the uav. s. they will be worked out and more reliable and you wil

so it was different. >> that boeing 757 landed safely at l.a.x. just before noon today. none of 143 passengers or crew was hurt. there is no word on where that smoke came from. >>> this was a big day for hundreds of law school students in san francisco. the class of 2014 graduated from the uc hastings college of law this afternoon at bill graham auditorium. thousands of friends and family members cheered on the 400 graduates. school chancellor frank wu said the students as parts of their education did more than $1 million of pro bono work. some graduates said that they are relieved. >> it's a lot of different emotions, all mixed into one. exciting, i'm very proud of all of my friend and myself, but it's also scary, because we're leaving school. >> uc president janet napolitano gave the keynote address the federal secretary of homeland security was a controversial pick because of immigration issues, but the om protest was a few students raising their fists. >>> the search tonight for one more person after a hot-air balloon strikes a power line and then catches fire. the c

they request how authorities can be so certain that the boeing 777 crashed into the indian ocean sinceo physical evidence. >> the letter says the data do not support a definitive conclusion that no other flight path was possible. our aviation analyst, mary and safety analyst, david, are here. always good to have you "@ this hour." i had a chance to speak with sara earlier, one of the passenger family members. they are not just waiting on malaysia for raw data but bringing in their own experts. they want an independent review and check out other possible flight paths. do you think this is the right direction to go? do you support all of this what the families want? >> yes. i think they have to to check out other possible flight paths and other data in light of this "atlantic" article. it's interesting. i don't know if malaysian investigation at this point is the entity with the credibility to do it unless they set up a challenge team and in other words bring in another group, different from the people already working, and on a challenge team their job is to challenge your thought and to

so much. >>> how could a boeing 777 simply vanish? will a different expert be able to find something that was missed. >>> and later, they watched their friends die and they were almost killed themselves so why do those in the military have a desire to go back to war once they are home? this is the first power plant in the country to combine solar and natural gas at the same location. during the day, we generate as much electricity as we can using solar. at night and when it's cloudy, we use more natural gas. this ensures we can produce clean electricity whenever our customers need it. ♪ if yand you're talking toevere rheuyour rheumatologistike me, about a biologic... this is humira. this is humira helping to relieve my pain. this is humira helping me lay the groundwork. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for ten years. humira works by targeting and helping to block a specific source of inflammation that contributes to ra symptoms. humira is proven to help relieve pain a

what they are doing, is they aren't just allowing the researchers to track the sharks so they know where they are boeingt they are measuring conditions in real time under water, that will allow them olynyk the behavior to the different conditions in the ocean. so they can basically say, what might be causing this behavior? and that's a powerful tool, in an environment that is really difficult to study. >> yeah, the researchers expect studying sharks near catalina, besides the fact that it is gorgeous, why there? >> it was a cool place to do a story. but sharks are hard to study, and these researchers they are eventually aiming for the big one, the great white shark, but you can imagine they don't really want with to start with with that big one right off the bat. so what they are doing is they are studying leopard sharks and leopard sharks are relatively small, they are pretty doll sit, noll harmful, and they just happen to aggravate in huge concentrations just in the watt errs off the island. well, it's not an easy task. they have to attack a france mitter to an individual shark. so that the robot can

boeing would come into the picture. remember, at this point this is mostly an operational investigation. what happened, who did what to get it there. we still don't have any wreckage so it is hard for boeing to make any kind of participation at this point. >> and you will remember what i'm speaking of, it has probably been 40 days since the public relations nightmare took hold. would you expect with regard to this report that the families would be given some level of executive briefing before it is made public to the world at large? >> always, always, always. every investigation i have ever done, you speak to the families privately before you go to the news public. before you send out a mass text message. it doesn't matter what aircraft or how many people are involved you take the time to do this right. now, we have the family assistance act or protection act here in the united states where that would not happen because they are regulated to do so. but over there you would think that they would have taken care of that or taken note of that but that didn't happen and it is really unfortunate. >> colonel michael kay, our cnn analyst and a frequent guest on all of our p

his new mission is to get boeing's commerical space program off the ground. >> it is not going to be sous and empty. you will hear the clanking of work being done. >> neither nasa nor boeing would talk numbers. a user agreement reveals the fair market value for opf3 is $5.5 million dollars. it costs nasa what hundred thousand dollars a month in upkeep. some people say nasa's glory days are behind them. is that true? >> our glory days are in front of us. we are charging into the future. we know how to do that. it is time to transition to the commercial space industry. >> tune in tonight at 9:30 as we take a look at the next space race. an in-depth journey through the booming business of space exploration. now, it is time for the "bwest byte." john is in l.a. >> $1 billion. that is the base amount of money the secret service estimates is lost every year to atm skimming. it is a form of hacking. they attach a piece of plastic to an atm. they capture your atm codes. it is on the rise. >> i'm completely naÏve. i thought when i was going to an atm that it was safe. >> completely. i'm the same

they have other information from boeing, from other parties as well involved in the hunt for this aircraft. but at inmarsat, we want to be completely transparent. >> sore saying. you're saying the calculations weren't your calculations, they could be boeing's or someone else's? or you're saying they were yours, but you're going let the malaysians make the decision on whether or not to release them? >> well, the calculations in the first instance to create the model were ours. and we gave those within ten days of the aircraft going missing, as you know. the submission goes into the air accident investigation board, who the uk is representative on the search, on the inquiry. we are only a technical contributor to that. within that inquiry, other parties also contribute, like boeing, like rolls-royce, and like the radar information as well. so we're one part in the whole. and we have contributed our bit. >> so one of the family members we have spoken to frequently on this show, sarah bajc, the american partner of philip wood says the data still isn't complete. on day one, i want to emphasize what we have what the malaysians released. but they note that

so much. let's stay on the upcoming boe decision with kevin daly, chief u.k. economist at goldman sachs.se -- you are not expecting any policy change. talk about these non-tested tools to keep down house prices or bring them down. at the same time, rates aren't going anywhere. >> i would agree with the previous speaker in saying that we think the major action in the coming month is going to be on the fpc. we think there is a high chance of non-profitability that they will tighten macro credential policy in june. theylse equal, the more tighten down the macro credential site, the less it means they have to tighten on the conventional monetary policy side. although the momentum in the economy at the moment is remarkable, we have been above it has exceeded our expectations. risks towards an earlier hike than we have within our forecast are there but we believe there is quite a bit of -- we are on the optimistic side. we believe the inflation outlook is relatively muted. if theyck to that fpc, tighten the macro credential site, we don't see the need for tighter monetary policy this year. in

for more training dollars to end up in technical schools or job-training center so that we can have a dual track. boeing, they say they will have a massive shortage in aerospace for machinists because there has been such a focus outside of the jobs that pay really well, but does not require the college education. we are trying to focus on reinstituting this notion of a dual track. it would be a fantastic for education. we are trying to focus on and. >> i want to summarize this briefly. it ties into the question here. the idea behind this is to give states the option creating their own alternative accreditation system for higher education purposes. students could participate in title iv federal funding while participating in a higher education outside the traditional department of education supervised accreditation system. the purpose is to allow for more people to have access to vocational training. in other cases, massive online courses. there is a lot that can be learned. it could benefit them and put them on a career path. there is always going to be a place for those institutions. in our information

so we are a predictable buyer for boeing and airbus and we are marketing distribution channel for them over the world. >> when jim mcnerney comes on and says we have strong demand he's looking at the order book and knows that the real orders are out there. >> exactly. we have financial capability to show up a year from today or five years from today. we find customers for the airplanes. we generate new markets, seed new markets. it's a real partnership between us, boeing and a airbus. >> i have only known irish companies in the leasing companies. what is it? how did that come about? >> it came about in the '70s. another company was our competitor called guinness -- >> yeah! >> gpa. >> i have a degree if guinness but the beer side of things. >> exactly. ireland has a favorable tax reare jet stream. they have a 12.5% corporate income tax rate and a lot of bilateral treaties with countries that are favorable. it's a haven for leasing companies. in california we make more money, we have better relationships with the airlines. we are almost like the boutique place for aircraft lessors. >> b

so his voice telling me get boeing and lockheed-martin because no matter what happens in the marketplace their margins are well protected and they are not going away. going out of business is not on the horizon. here is what is depressing to me about this. there is a lot depressing about this but your book is not depressing. i touched on this a little earlier but it's a lesson that we keep refusing to learn. in the wilson administration we have what they call war socialism and recommending the economy for the purposes of fighting the great war as it was known. after the war there is a faction in washington that wants to keep these institutions and practices around. the incoming congress and presidential administrations thought this was not a very good idea and they said to one side and the ideas would sit there and ferment until the depression or world war ii. and then there's a confusing event in american history which is the economy miraculous economy that emerges after the second world war and it happens largely because the united states has almost all the world's surviving on militar

so it would take a lot. and also, this summer because the delivery of boeing starts in september, so this summer they have noremental capacity. so they are just allocating to certain airports like dublin, and they have to take back from everywhere else. >> this makes me think that the hot weather was an excuse last year. >> i think the yield environment, which was a bit weaker last year, i think some of the airlines included weren't exactly sure why. i mean, one thing was going on was hot weather. oh, it could be that. but last year being a bit tougher, it looks like incremental news is good. >> if you come out in may and say forward bookings are looking really good, when we have no idea where the weather is going to be, why would anybody have an idea where it would be last may, you know what i mean? it doesn't stack up. >> well, i think ryanair will know broadly what the summer is like at this point in time. they have no clue what the winter is going to be like in terms of the revenue. >> i know what the winter is going to be like weatherwise. gray. steven, good to see you. thank you for coming in. >> thank

but so far it's failed to turn up any trace of the boeing triples the event which disappeared on march a investigators say they believe the plane's wreckage lies at the bottom of the southern indian ocean australia's tertiary angus houston said on friday that the probability of finding missing children or has drawn but he remains hopeful that the underwater blue intro they find something by the end of this month. moving on to china with the nation is reeling from yet another mass nine attack. security remains high at the main train station at china's western city of one and she conditions young the region two days after attack which killed three people and injured seventy nine. train services resumed on thursday despite the overnight it's lotion and stabbing spree the us state department has condemned wednesday's violence saying that it appeared to be an act of terrorism. the chinese government says a suicide bombing was carried out by a least two suspects with a history of religious extremists of the brutal incident was the third such high profile attack against civilians in seven mon

in waters so deep, they will have to map the ocean floor first. the missing boeing 777 has an excellent safety record and disappeared without the crew reporting any problems into one of the world's deepest oceans for no apparent reason. the australian government remains convinced that flight 370 is somewhere at the bottom of the indian ocean, near where it's last flight transmission was detect, but where it will be found seems more doubtful. >> a discounting challenge for rescue crews off of the coast of japan on thursday. a japanese tv helicopter capturing this, a smoldering oil tanker off of the coast when it exploded. they rescued several members of the crew, but the captain is still missing. in. >> in china, in the south china sea, in his speech at west point, the president talked about the escalating dispute there. >> regional aggression, when it's unchecked, whether in the south china sea in ukraine, could draw in our military. and we can't ignore what happens beyond our boundaries. >> if the tensions boil over in the patch of the pacific, the effects will lik

they don't give it to boeing or cisco or anybody else. sos a huge difference between our stated purposes and what they do. what will this cause? it's a statement in the paper, it shows they're trying to do something which is actually ineffectual but at the end of the day the amount of spying they do and activity against us will either stay the same or increase. not going down. >> if you're china and looking at this and you want to respond in kind, much like russia responded in kind to threatened sanctions by saying you won't provide these ride of rides to the international space station, how does that sound? what could china do. they own a lot of our debt and the fear is they could play hard ball with hard ball. where do you see this going? >> have a lot of economic advantage overs, especially in the area of owning debt, and a lot of other things around economics and business and stuff. they could make it very rick for us to ship our goods over there. we have high-tech companies trying to establish joint ventures in china. people like coke c

in the case of boeing, their latest airplanes are backlogged to 2019. so they are hardly in need of a subsidy. when anita and i wrote the book we were concerned about the american corporations and how america's corporations with becoming like a highly regulated country and there is not a link between business and government. where that occurs you don't see the con consumer winning. lots of money is wasted. innovation is hard to achieve. if you had had a horse and buggy committee they would have said look at the accidents going this fast and we don't have the roads. we will regulate them off. a free economy gives us the chance of what does and doesn't work and gets us away from the idea of subsidies being linked. that started with the 1932 reconstruction financial corporation and haven't backed away. we need a change in what enter prise is about. when the federal government gets involved trying to spark economic development, away prom the constitutional functions, when that occurs, the federal government enters into something it isn't capable of mastering.

boeing's commercial space program off the ground. >> and a couple of years when you come in here, it will not be so cavernous and empty. will hear the clanking of work being done. >> neither nasa nor boeing would talk numbers yet a user agreement reveals a fair market 3 is about $13.5 million. the real cost for nasa is in the maintenance. currently costs nasa about $100,000 per month and upkeep. some people say that nasa's glory days are behind them, is that true? >> it could not be further from the truth. we are charging ahead into the future. we have been going back and forth in orbit for fifth d years now and we know had to do that. it's time to transition to the commercial space. be sure to tune in to bloomberg tv tonight at 9:30 p.m. eastern and this weekend as we take a look at the next space race with an in-depth journey through the booming business of space exploration. b-west s time for the byte. jon erlichman as an ally and we have a special guest with us, jordan robertson. you actually have the byte for us today? >> $1 billion as the baseline amount of money that the u.s. secret service estimates is lost ever

the agency said these planes are safe, and boeing said also we made a lot of changes. soow the faa will have to look at these new recommendations to see what it needs to two about them. >> so any reaction? >> . >> these batteries might meet these new standard, but they are shaying look, we still need to have this new standard in place with all batteries. >> one of the first opening gay officials but the debut is not without controversy. >> a new stamp out today, honors harvey milk, one of america's first openly gay elected officials. the u.s. postal service called him a visionary leader but some conservatives are upset about the stamp, as you might imagine. rocks sara is live with this. >> the postal service, released a stamp today that is printing 30 million of them. and gay rights activists see this as a big victory, but some critics say this is no role model. >> my make is harvey milk, and i am here to recruit you. >> for many americans sean penn's portrayal of harvey milk, with was the first time they had heard. he was openly gay when he won a seat on the board of sup

so you will not see end to tapering but not boeing to see end to the rally either. david: yuri, this is the first quarterly contraction since 2011 and market is up. what does that tell you? >> it tells me this is very, very strong bull market. people are looking for reasons to buy. the reason here would be, down gdp, they feel the fed will be in there supporting them forever. i think it is backwards thinking. i would have thought the market would have gone down on this today. right now it is so bullish bad news is good news. liz: why would you say if it's a strong bull market you are really believing in a correction, yuri? >> because prices are ridiculous given what is going on in the global economy. liz: aren't they historically pretty much in line? they're not that bad. >> multiples are expanding and you know, this is the reason you're seeing so much m&a because you have these very strong balance sheets with no chance of achieving organic growth. you have to be able to go out and buy growth with your strong balance sheets. but that game can't last forever. you kno

no details on love of the urals so light and we'll well old boeing 670 pilots fly the 7 and up.ils running battle sterling enough money lifetime ban from the nba and fighting for his life. as well ankle on continues to look outside of the bay bridge plaza the lower temperatures are expected the land still ahead. good morning everyone that for joining us on kron 4 news began want to cut up the top news stories but first let's stick with the weather >> : what you also bring the like they're really from the way to end pictures were a little bit too hot the secret their target local conditions did stopping on saturday morning pretty overcast the bridges marriott upper 50s by lunchtime we will see a little bit more sunshine. i threw this afternoon '60s up to a side and low 70's for the sore the warmer areas. settler in our shows cloud coverage going to area you can bank push for that seabury's winds of a returning in see some low clouds areas along the coast. sunshine that runs a fairfield needing high of 70 in oakland to the cheers in the mid-60s for daily city at downtown san franc

so becauses of this trade secret protections is vital to securing the property of boeing. boeing does not have one recipe for its secret sauce that thousands of trade secrets that are critical to maintaining the unparalleled success and boeing unfortunately the valuable engineering and business information has significant risks once p publicly disclosed the rights and trade secrets might be lost forever and with investments wiped out along wite competitive advantage that the trade secrets provided. of course, boeing is on guard to prevent the theft of our trade secrets and today companiesade n cannot simply lobbies andss estate.ng inf the vast majority of the engineering isa stored electronically and that is really d just brought great gains in productivity and also has increased risk. at the moment we could lose a trade secrets or breach in thetk network through one of our from employees or partners were through and escape at one of our many supplier facilities and fear of this is not just a concern for boeing the middle and small size companies that rely on trade goods h

boeing forward. >> our one ford plan has served us so well over the years and it is going to continue to serve us wellre, are working together culture has been sufficient an integral part of our success and i am personally commit to not only maintaining that but nuturing it with the rest of the team. >> but ford sales dropped in april. year-over-year down overall 1%. there were strong points we should point out. ford f-150 had its best april sales since 2006. and remains the best-selling truck, 37 years and running. ford explorer had best april since 05. lincoln sales are up 21%. later this year, this summer we'll get a launch of the new mkz. mark fields has to address political crisis in russia where ford invested hundred of millions of dollars and needs to protect its investment. currency devaluation in south america, that is hurting ford's profits south of the border. fields has vast experience in south america. running ford's argentina operation in the late '80s and '90s there. is finally rollout of f-150 aluminum body pickup truck. ford is using the most profitable vehicle to launch and introduce

obama, if the base is the left of the party, that is not necessarily what you're boeing to want to come out in droves when soy of these senate elections in particular are being fought for independents and middle of the party if. >> you is see that across the board for democrats, the midterms will come down to voter turnout. they want to get out as many people as they possibly can. when you see them running into issues, taking farther left stances like not approving keystone pipeline. jon: yeah. >> a lot of states with contentious races louisiana, where is the big one where that could be something to help them if they approve that to help them in their race. because they're going a little further left and appeasing far left side of the base it could hurt the races they're really worried about. jon: some latest numbers show 43% of the americans approve of the job the president is doing. 55% give him a thumbs down. pretty hard to motivate a lot of people to go out and push your program when you've got numbers like that. >> right. we've seen a lot of interesting polls over last couple days particularly looking i

our trade secrets and allows us to be more secure and keeping the secret so they are still valuable is very much appreciated by boeing. >> from your experience, the scope of the problem? >> well, with companies having almost 75% of their value intangible assets, including trade secrets, the problem is quite significant. in the create pwc report we attempted to put a figure to the magnitude of the problem looking at the different threat actors that are involved, looking at the fact that u.s. companies other than advance becomes a reliable distributed supply chains increasingly and we look at other a list of economic activity as a proxy for this. since it's a figure that is the difficult to get one's arms around because companies themselves don't know the magnitude of the trade secrets they have as well as when there is a trade secret theft. we looked at other examples of illicit activity, corruption, money laundering, similar kinds of threat actors, and came to a figure of one to 3% of gdp. quite significant. >> thank you. mr. greenblatt? >> this problem is out of control. we need your help. we are being attacked dail

so it was different. >> the boeing 757 landed at lax safely yesterday.the passengers or crews were hurt. there is no word on what might have caused the smoke to appear. >>> danville pirate sully shullen burger will be known as the captain who guided the troubled airplane on to the new york hudson river. he passed on life lessons to a group of group students graduating from college. >> i introduce to you the man who saved my life and the 450 others, ladies and gentlemen, captain sully sullenberger. >> captain sullenberger delivered the commencement address at southern university in f. lauderdale, florida. there's a wide array from medicine to ore nothing if i. he told the graduates about working as a team and the value of helping others. >> at the end of our lives, we may simply ask ourselves a question. did i make a difference? my wish for each of you is that your answer will be yes. >> on january 15th, 2009, sullenberger landed a u.s. airways jet on the hudson river. a flock of geese struck the plane, causing two engines to lose power. shullen is an avi

so when they did this analysis you have to know there were several ph.d.s sitting in the room doing this from each of these companies including boeingantenna manufacturers, all of these people were in the room together. so to try to reassemble it after the fact would be literally a book ten times this big as this piece of paper. so, you know, i wasn't ever very optimistic that we would be able to sit here and say, yes, that's definitely it. but we're getting closer. i think to me gives me better confidence, there are some key pieces in here that they are in the right place. >> you work with a lot of families after accidents and crashes like this, mary. do you think this should provide any -- not satisfaction but any confidence or provide any kind of comfort to the families? they've been requesting it. the information sought there. what do you make of it? >> well, satisfied that they finally got something. their families are missing. people overlook how -- they won't give up. they won't go away by saying we won't have to give you the data. it's absurd. they're not going to go away. at least they got the data but they got the data in

families, 58 days since malaysia airlines flight 370 disappeared and so far officials have not found one single piece of debris from the boeingaffling. >> it's unbelievable but here's what we know. the u.s. will extend the deployment of the high-tech underwater robot, bluefin 21 until at least the end of the month. so far 18 deep sea missions have turned up as christi said nothing. >> three bangladeshi naval ships of scouring the bay of bengal after a possible underwater debris sighting. >> all this is happening as officials are gearing up for a trilateral meeting tom to rediscuss what's next, the future search operations. cnn's will ripley joins us live in kuala malaysia. this is a pivotal moment. it will shape what the next few weeks and months will be. >> reporter: it certainly is. there have been meetings going on the past several hours. the acting transport here in malaysia tweeted about seven hours ago his delegation had arrived in sydney. he also tweeted that the china delegation was already there and they're going to be heading to condra first thing in the morning tomorrow, since it's already late evening in sydney a

the boe showing a more balanced view so the hike in rates, the xetra dax, up by 0.3%, the cac 40 turninground a little bit. and the ftse mib is seeing outperformance to the tune of 0.7%. how do you make money in these markets? here's what some of the experts have been telling us this morning. >> the surprise element in the u.s. treasury bond market has been recently, perhaps the last month where there has been evidence of a recovery that actually hasn't filtered through into higher yields. how long can that last in the fundamentals always play out in the end. that will dictate the market news. >> the fact that he hasn't signed a deal with the chinese is quite interesting. it tells you the economics and cost of what he's doing is nontrivial. so our best expectation is that there won't be further aggression in the ukraine. so it's probably, broadly speaking, good for risk assets. >> market sources tell us we could be reaching the bottom sign. the iron ore stocks and the steel mills in china are running low, 10, 20 days right now. i think the price is getting to a level whereby it's becomin

trade secrets and allows us to be more secure in keeping those secrets so they are still valuable is very much appreciated by boeing. >> from your experience, the scope of the problem? >> with companies having almost 75% of their value and tangible assets, including trade secrets, the problem is quite significant. in the create pwc report we attempted to put a figure to the magnitude of a problem looking at the different threat actors that are involved and looking at the fact that u.s. companies other advanced economies rely on distributed supply chains increasingly and looked at other economic activity as a proxy for this. since it's a figure that is very difficult to get one's arms around because companies itself don't know the magnitude of the trade secrets they have and as well as when there is a trade secret theft. we looked at other examples of illicit activity, corruption and money laundering and similar threat actors and came of a figure of 1 to 3% of gdp, quite significant. >> thank you. mr. greenblatt? >> this problem is out of control. we need your help. being attacked daily. what this will have if we ca

. >>> when we come back, boeing's jim mcerney saying we want to be more like apple. soon look like? tweet us and we'll get your answers when we come back. we know we're not the center of your life, but we'll do our best to help you connect to what is. but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. ♪ >>> welcome back to "squawk alley." just a quick check on jd.com. the stock sitting just below $21 a share, it opened at $21.75. still up roughly 10% from the $19-per-share price where it priced last evening. of course, big fanfare at the nasdaq at jd.com, china's second largest ecommerce company, is trading. >> not so easy. do you know where these are from? >> i would say halloween mid-'90s, by the

boe lawmaker. can i say that? official. so my first question would be, it seems like the ecb rate cult is pretty much a done deal next week. are we going to hear something about easing of credit conditions? >> i think mario draghi and the team here are trying to set the foundation for more actively addressing the lack of small bids credit throughout southern europe and europe more broadly. that will require measures of l certain things. >> is that conference helping to push that topic a little bit? >> i think it is. you can see peter and ben have done the conference. they are in addition to being the house intellectuals, they're pushing this idea of dealing directly with the credit problems. certainly i'm about to give remarks and mine will be focused on the reasons why it's rational for the ecb to go down this path. others have raised it in the conference. i feel this is useful ground work. >> let us talk also about the effect of a potential negative deposit rate. there are people saying it won't really do a lot positive. >>