strategic defense initiative for example well if it evolves to recognize that it was the strategic defense initiative which was in fact the primary reason for ending the cold war ok gregory couple a believer the international strategic studies association thanks very much for coming on to the program. it's been a taboo in week for the u.k. prime minister after her proposed brags that deal was overwhelmingly rejected by lawmakers trey's may managed to survive a no confidence motion on wednesday by a margin of nine hundred votes the victory which saw a deeply divided conservative party rally around her followed an impassioned and wide ranging debate and has a comment on the country's future. i used to the right under the tree the nose to the larry three hundred twenty five so the nose having no nose abbi. thank you i'm pleased that this house has expressed its confidence in the government and i expect mr speaker the right to honorable lady will. be no nothing has changed prime minister and we will also continue to work to deliver on the solemn promise we made to the people of this country to

a strategic defense initiative it worked not because it was effective as a weapon system in the one thousand each is because it was a boondoggle because it forced into a very expensive arms race and forced the soviet union into some even into some teachers that were probably not very beneficial to moscow. and. now believes that without precedent if it worked then why not try to do the scene again but of course russia understands what happened in the one thousand need to see it knows the consequences very well and this statement that he acted not only is he acting differently but this we want exactly it he acted to clear in the weapons systems including supersonic weapon systems some to repeat those that have extraordinary range are such that the americans say you know what you are going to be on the spot here we had last march president putin during his address to the nation he unveiled a number of weapons systems in your mind are these are friends of weapons or defense or these are weapons that are needed to assure the mutually. assured destruction. but just. because it's your turn i don't

. >> so i think the first place to start is what actually was sdi, the strategic defense initiative and how did it birth modern-day missile defense and the technology we're now talking about today. so, senator kyl, i would like for you to start with a little bit of background on this given the fact that you have been a lifelong advocate of nuclear defense and your public service does date back to the reagan years. >> thank you very much. you can think about sdi as a roughly decade-long effort first begun by president ronald reagan to create a new system and it's actually more than just sensors and kill vehicles and satellites and command and control systems and so on. president reagan actually viewed sdi or the strategic defense initiative as an organizing principle for a much larger commitment that would involve the entire nation and including both the military and our industrial base and he articulated this vision in 1983. one of the things he said in his famous speech, and i quote, was tonight we are launching an effort which holds the promise of changing the course of human history

of money much sums of money i mean that's been snowballing over time anyway so reagan's strategic defense initiative which. the u.s. spent an enormous amounts of money on and resulted in nothing more than forty four in the ground based interceptors in alaska according to the most recent news on coming out of the l.a. times investigations have said thirty four of those probably have faulty circuit boards so not much out of that and the u.s. has spent another three hundred billion since one thousand nine hundred three we haven't they haven't got much the so forth but it makes military contractors really happy but i don't necessarily like star wars two point zero because it's just not trump ask enough i've got a nother branding for you in order for the space force to have a real mission they have to protect a hashtag space war all space for picture i mean you know in researching this. topic and i came across the same numbers as more almost no one mentions a treaty a little known treaty that was signed in. the tenth one thousand nine hundred sixty eight it's closely called the outer space treaty or form

defensive. what if we could intercept and destroy strategic ballistic missiles before they reached our own soil or that of our allies?" the strategic defense initiative, or star wars, which the new york times termed a pipe dream, strategic importance? >> i think it was extremely important. it was one of those material things the administration, the president applied in the various pressures on the soviet system. let me summarize the material things. i think ultimately it would not have happened without the nonmaterial things, which is what this conference is mostly about. the nonmaterial things did require some kind of a material complement. first, there was the military buildup. in quantitative terms, the reagan military buildup did not even match the gorbachev military buildup. you should be aware. but we had the advantage of technology, sprint capability, we had the computer revolution in military affairs, stealth technology, and sdi was one of those things. it was ready -- that presented the soviet union with the prospect of trumping its potential -- either complete or partial first strike capability with nuclear weapons. the military buildup put

president trump's words echo president reagan's from 36 years ago, when he launched the strategic defense initiative, that imagi shooting down nuclear weapons frompace. >> we could intercept and destroy strategic ballistic missiles before they reached our own soil or that of our allies. >> schifrin: today's missile defense reviewalls for space- bathd sensors, and to study e possibility of space-based interceptors, like lasers aboard satellites. u.s. oicials say the new policy responds to new russian technologies, including a hypersonic missile a russian animation showed speeding around missile defenses. china is also pursuing hyperson and advanced cruise missiles, said acting secretary of defense patrick shanahan. >> these new threats are harder track, harderr t to defeat. to our competitors, we see wt you are doing, and we are taking action. >> schifrin: in order to counter north korean or iranian missiles, the review reiterates plans to build 20 additional ts.-based interceptors. it calls forhe advanced f-35 to be able to shoot down intercontinental ballistic ssiles, and for arming drones with las

. >> the soviets feared that sdi was a lot more real than it was that the strategic defense nsht initiativet the united states. it wasn't mutually assured destruction at that point, it was assured destruction of the soviet union but assured protection of the united states. so they went crazy about the sdi. >> translator: the president insisted until the end on retaining for the united states the right to things relating to sdi. it would have taken a madman to accept that. >> after reykjavik inside the united states there is astonishment and beyond that, fear, of what reagan has talked about doing. banning nuclear weapons. >> a reagan administration move to sign an arms deal with the soviets was criticized today by former president nixon and former secretary of state henry kissinger. they said it would be a profound mistake to allow medium range missiles in europe. >> many conservatives thought that reagan had been charmed by gorbachev, and reagan actually had more problem dealing with his hard-right than he did the left. so reagan had to constantly let the right know, i know what i'm doing.

of the political scrutiny around gm, the outlook, will it be cautious will it be bull strategic defense initiativery, very bullish gm is still incredibly cheap we're talking about something around the range of three times ebitda the things that it can start to improve that over time, obviously the earnings are growing a lot. you're seeing a little bit in 2019 and you're going to see significantly for 2021 when we have the full restructuring benefit, and phil mention that had before a potential monetization of cruz would force the market to attribute value to this autonomous driving, a peeves gm, which currently is not really well reflected in the stock price. >> all right thank you. >> thanks for having me. >> thanks for joining us on your call, lead auto analyst at deutsche bank. >>> when we come back, shutdown day 21 tying the record for the longest one ever a new analyst forecast starting to sound the warning about the potential economic impact. just what sectors are most at risk we're going to dive into that, and as we head to break, take a look at the top performing stocks on the s&p 500. gm