[gavel pounding] this hearing is call to order. Welcome. 50 years ago, exactly what each week from today, at approximately 9 30 am, 2 astronauts, sitting atop a rocket the size of a navy destroyer, packing 7. 5 Million Pounds of thrust, took off from Kennedy Space center in florida. Roughly 1 Million People had gathered on the ground to watch this historic event. That included half of the u. S. Congress. These 3 astronauts, as one of the newspapers put it at the time, carried with them the hopes of the world. The u. S. 1969. The year before i was born. The astronauts were now im strong, but, and michael collins. And the mission was apollo 11. Armstrong and aldrin went on to make history a little more than 100 hours later. When with more than one third of the earths the earth watching, word listening live. They became the first humans to ever set foot on the moon. The apollo 11 mission would go on to make history again. A little less than 100 hours after that, as the First Mission not o
More hikes. A big day for stocks but not if you are a bull. The selloff started friday and im even sharper on this monday. Even as stocks suffer their biggest losses since 2008 the bond market started acting more like the usual correlation. Stock started plunging we got a nice rally in the u. S. Treasury market and we ended up benchmark 10 year. Yesterday morning we saw that 10 year testing at 2. 8 . It has been a big year in on movement. We have seen a little of that sign, butd be a good there was about 15 minutes of frantic selling on the dow, that flash crash. It is raising some eyebrows. This runup that we saw in january, this could be some type of a healthy signal. There are a lot of questions on how much pain we would have to endorse here. Guestsf questions to our this morning. Kathleen and a perfect time to be asking them. The biggestre on stock plunging in 6. 5 years. Erasing alls p 500 gains for the year. The vix volatility index wow. And i biggest spike ever spoke to an exper
The federal acquisition regulations provide for different models. 15 is one set, another set is referred to as 12 and there are others that do exactly that and provide guidance when it is appropriate to use the less elaborate systems. So there is some flexibility within that. Is far15 the biggest and scariest monster out there. Yes. But there are bigger monsters. But you just mentioned that to scare us. Ghost stories. It happens in the world we live in at ula. The question that was mentioned, monopoly. But nobody likes monopoly but in the best case we would have adieu only or adieu og only, we need other millionaire to back miss van gleek or where is branson with others with eggees and when you say the Business Case isnt exciting about this, the diminishing number of pay loads, the substantial risk it takes an investors ego to propel the sort of speculative investment, the glory of space faring. But so i think as we fear monopoly we should fair in mind the best case is were going to ha
Is that the first public appearance by new fed chairman, janet yellen. Withn exclusive sitdown the ceo of Lockheed Martin. We will get to peter in a moment. First, on the debt ceiling deadline. Good afternoon, mark. The debt ceiling deadline has been set for february 27, and as you know, we have never not passed a debt ceiling increase before. History would suggest that this time is no different. But using history as a guide, we also know it will get uglier before it gets better. Time is a big issue. Lawmakers will be gone most of the time between now and to berate 27. We are already at crunch time. Between now and february 27. We are already at crunch time. There is an annual retreat this thursday and friday and then both us the house in the senate are out the following week. Republicans know the talk the clock is ticking, so dont be surprised if they put something on paper in the next few days. In fact, it could be as early as today. Speaker boehner will have a caucus meeting at 5 30
Billion. The actual cost of the plan itself was ejected originally in the 60 billion, now it is about 161 billion give or take. Host are there problems with the plane . Guest by the way, 161 million per plane. While they have had to level off some problem, based on software problems. Millions of dollars that they need to do, and whole bunch of flight testing they need to be doing. They are still making changes to tooling, some of the things were going to buy something 289 planes before this Flight Test Program is done, so over the next 10 years, we could be spending upwards of 2 billion just a reoutfitting be plain that are sitting on the flight line right now. Host Frank Oliveri joins us until 9 15 to talk about the f 35 fighter. We have questions about it not only from your viewpoint and interest in it but also maybe you are in active or retired military and want to give your thoughts on as well. Here is the line, how we have divided them this morning if you want to participate. For