todd harrison, thank you.d andot more a talk about tobacco because i'm noticing a move in stocks today. we saw a rally in tobacco stocks. this is counterintuitive because the fda announced a crackdown on a flavored e-cigarette in particular because there has been this rise in teen use and children use of these types of devices. jule is one that is really popular. it is a privately held company. what is the pressing about this in seeing stocks are rallying is that the thought process is that if they are not doing e-cigarettes, they will be smoking traditional -- >> best gain in years for altria there. caroline: food for thought. up next, turning a corner. fell on its best day of trading but managed to finish higher. can it take on tesla? this is bloomberg. ♪ joe: it is time for asia ahead. ni share. many think it is a strong challenger to tesla, but it does not seem the market is excited about it yet. for more insight, we're joined by triton ceo. what is nio? are they a tesla challenger? >> they are trying to b

defense budget analysis todd harrison giving an in-depth review of the requests for national defense funding. live coverage here on c-span. >> welcome everyone. harrison. the senior fellow at the defense budget analysis at csi as. my co-author is a research assistant here working on the defense budget issues. today we are going to talk about what has been going on in the

. >> todd harrison says it's bullshit. >> i'm not using profanity. >> but you would if you could. >> i've chosen my darth vader mug today, so i guess i'm on the dark side. no, i don't think there is a lot to this cost estimate. number one, the methodology here is not very sophisticated. they're giving no indication of where they got the numbers of people here, and this all hinges on the numbers of people that we're talking about. i don't give a lot of credibility to this. >> it seems they're charging for a price estimate so unseemly high that they back off? >> i would say this is an example of malicious compliance. >> just a second, everyone. if you could turn on your table mics when you're asking questions, that will really help the camera and audio. >> -- this is the way for them to hold on to a chunk of their budget, their fear of, oh, my god, we would have to give up a lot of money. >> i don't try to assume the reason why they're doing this. the air force has been on the record all along of opposing any kind of space reorganization that takes on either out of the air force or eve