this hour-long event was cohosted by the air force association and mitchell institute for aerospace studies. the executive director, thanks to our panelists for making it here. the fall of the soviet union brought in a number of aircraft. most some areas were reduced even further. there is the actual combat command the remaining aircraft. the capitalization efforts for to our delays, the trend that accelerated with 9/11. the notion of pure competition was provided with an updated way of king. today the air force finds itself the smallest, oldest aircraft fleet and its history. near the mission area with high demand with nonstate actors still posing a threat on the low end of the spectrum, nations like iran and north korea remain in contention, china and russia presenting a scale not seen since the cold war. there comes a point when a small number of aircraft can only be stretched so far. this is exactly what the secretary of the air force talked about when she made a for
we ll take you live to the president as soon as those remarks are coming up. deirdre: dorian could strike florida as a category 4 hurricane. this is the development over this weekend. we ll bring you latest on preparations, why timing wise the hurricane is expected to hit. connell: busy hour. fox business team coverage of all the top stories. edward lawrence at white house, gerri willis on floor of the new york stock exchange, phil flynn at chicago and edward we start with you. reporter: chinese say they will not continue tit-for-tat. a chinese commerce ministry spokesperson saying current level of retaliation is sufficient. that was, what he said when asked if the, about the president s increasing tariffs on september 1st and october first. president will up tariffs on $300 billion of chinese imports on september first, starting from 10% to 15%. now part of that tariff goes into effect on sunday. the other part goes into effect on december 15th. this is designed to increase
the spacecraft that go through other planets. i would argue doe also stands announcer: we are leaving this program and taking you live to the white house where president trump is officially announcing the establishment of the u.s. space command as a separate branch of the armed forces. this is live coverage from the rose garden on c-span. [applause] pres. trump: thank you very much. it is a great honor. on a beautiful day in the rose garden. please it. thank you. please sit. thank you. to ensure all resources of the federal government are focused on the arriving song, i have decided to send our vice president, mike pence, to poland this weekend in my place. it s something very important for me to be here. this storm looks like it could be a very, very big one indeed. and mike will be going. i have just spoken to president duda of poland and expressed him my warmest wishes. and he would and the wishes of the american people. our highest priority is a safety and security of
space exploration. this is two hours and 10 minutes. the end of this month. surrounded hereby icons of our nation s highest, proudest achievements in space. ourcouncil is ensuring future ach the things that you we discussing today will one day be enshrined in this museum. don t forget about us, we need hardware. last month that our museum in washington, at the unveiling of neil armstrong s apollo 11 ship, vice president pence spoke about the renewed commitment to human spaceflight. and at the national air space museum, we see evidence of that commitment every day. countless children have stood in this very spot and marveled up at the space shuttle discovery, parents,ed to their grandparents or teachers to ask how something so big could fly so high. our museum is where the country comes to understand its heritage of adventure and discovery, and to pass that torch on to new generations. we are at the dawn of a new space age, with a challenge to return to the moon and beyond.
surrounded here by icons of our nation s highest, proudest achievements in space. the council is ensuring our future achievements are empowered by the past achievements. the things that you will be discussing today will one day be enshrined in this museum. don t forget about us, we need hardware. last month that our museum in washington, at the unveiling of neil armstrong s apollo 11 space suit, vice president pence spoke about the renewed commitment to human spaceflight. here at the national air and space museum, we see evidence of that commitment every day. countless children have stood in this very spot and marveled up at the space shuttle discovery, then turned to their parents, grandparents or teachers to ask how something so big could fly so high. our museum is where the country comes to understand its heritage of adventure and discovery, and to pass that torch on to new generations. we are at the dawn of a new space age, with a challenge to return to the moon and bey