Skip to content
Bloomberg the Company & Its ProductsThe Company & its ProductsBloomberg Terminal Demo RequestBloomberg Anywhere Remote LoginBloomberg Anywhere LoginBloomberg Customer SupportCustomer Support
  • Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

    For Customers

    • Bloomberg Anywhere Remote Login
    • Software Updates
    • Manage Products and Account Information

    Support

    Americas+1 212 318 2000

    EMEA+44 20 7330 7500

    Asia Pacific+65 6212 1000

  • Company

    • About
    • Careers
    • Diversity and Inclusion
    • Tech At Bloomberg
    • Philanthropy
    • Sustainability
    • Bloomberg London
    • Bloomberg Beta
    • Gender-Equality Index

    Communications

    • Press Announcements
    • Press Contacts

    Follow

    • Facebook
    • Twitter
    • LinkedIn
    • Instagram
  • Products

    • Bloomberg Terminal
    • Execution and Order Management
    • Content and Data
    • Financial Data Management
    • Integration and Distribution
    • Bloomberg Tradebook

    Industry Products

    • Bloomberg Law
    • Bloomberg Tax
    • Bloomberg Government
    • BloombergNEF
  • Media

    • Bloomberg Markets
    • Bloomberg Technology
    • Bloomberg Pursuits
    • Bloomberg Politics
    • Bloomberg Opinion
    • Bloomberg Businessweek
    • Bloomberg Live Conferences
    • Bloomberg Radio
    • Bloomberg Television
    • News Bureaus

    Media Services

    • Bloomberg Media Distribution
    • Advertising
  • Company

    • About
    • Careers
    • Diversity and Inclusion
    • Tech At Bloomberg
    • Philanthropy
    • Sustainability
    • Bloomberg London
    • Bloomberg Beta
    • Gender-Equality Index

    Communications

    • Press Announcements
    • Press Contacts

    Follow

    • Facebook
    • Twitter
    • LinkedIn
    • Instagram
  • Products

    • Bloomberg Terminal
    • Execution and
      Order Management
    • Content and Data
    • Financial Data
      Management
    • Integration and
      Distribution
    • Bloomberg
      Tradebook

    Industry Products

    • Bloomberg Law
    • Bloomberg Tax
    • Bloomberg Government
    • Bloomberg Environment
    • BloombergNEF
  • Media

    • Bloomberg Markets
    • Bloomberg
      Technology
    • Bloomberg Pursuits
    • Bloomberg Politics
    • Bloomberg Opinion
    • Bloomberg
      Businessweek
    • Bloomberg Live Conferences
    • Bloomberg Radio
    • Bloomberg Television
    • News Bureaus

    Media Services

    • Bloomberg Media Distribution
    • Advertising
  • Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

    For Customers

    • Bloomberg Anywhere Remote Login
    • Software Updates
    • Manage Contracts and Orders

    Support

    Americas+1 212 318 2000

    EMEA+44 20 7330 7500

    Asia Pacific+65 6212 1000

Bloomberg Bloomberg UK
Switch Editions
  • UK
  • Europe
  • US
  • Asia
  • Middle East
  • Africa
  • 日本
Sign In Subscribe
  • Bloomberg TV+

    Bloomberg Real Yield

    Bloomberg Real Yield

    Bloomberg Real Yield focuses on global issues and events that directly affect debt markets. Host Jonathan Ferro discusses stories from the fixed income world with the biggest names in the field. The show provides critical intelligence and analysis, allowing its audience to stay ahead of the competition.

    Bloomberg Radio

    Balance of Power

    Balance of Power

    Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration.

    Listen

    Bloomberg Originals

    Hello World

    Hello World

    Ashlee Vance explores innovations in new tech, software, engineering, and science in places outside of Silicon Valley.

    Also streaming on your TV:

    • Markets
      Markets
      • Deals
      • Odd Lots
      • The FIX | Fixed Income
      • ETFs
      • FX
      • Factor Investing
      • Alternative Investing
      • Economic Calendar
      • Markets Magazine
      A Bed Bath & Beyond Store Ahead Of Earnings Figures

      Deals

      Bed Bath & Beyond Falters in Effort to Find Buyer in Bankruptcy

      President Biden Delivers Remarks On Ukraine

      Business

      Ukraine and China Will Shape 2023

      Market Data

      • Stocks
      • Commodities
      • Rates & Bonds
      • Currencies
      • Futures
      • Sectors
      View More Markets
    • Economics
      Economics
      • Indicators
      • Central Banks
      • Jobs
      • Trade
      • Tax & Spend
      • Inflation & Prices
      Canadian Home Prices Drop Again As Winter Freeze Hits Market

      Inflation & Prices

      Rapidly Cooling Housing Market Helps to Quell Canadian Inflation

      ECB Rate-Hike Week May Feature Slowing Inflation, Stalling GDP

      Indicators

      ECB Rate-Hike Week May Feature Slowing Inflation, Stalling GDP

      Turkish Economy As Gross Foreign Exchange Reserves Fall to $51.1 Billion

      Economics

      US Saving Rate Jumps to Seven-Month High on ‘Cloudy’ Outlook

      View More Economics
    • Industries
      Industries
      • Consumer
      • Energy
      • Entertainment
      • Finance
      • Health
      • Legal
      • Real Estate
      • Telecom
      • Transportation
      Key Speakers At US Chamber Of Commerce Global Aerospace Summit

      Business

      Alaska Air CEO Says Silicon Valley Business Travel Has Dried Up

      A Bed Bath & Beyond Store Ahead Of Earnings Figures

      Deals

      Bed Bath & Beyond Falters in Effort to Find Buyer in Bankruptcy

      Featured

      • Business of Sports
      View More Industries
    • Technology
      Technology
      • Code Wars
      • Checkout
      • Prognosis
      New Apple Products Go On Sale At Fifth Avenue Store

      Technology

      iPhone Sales, Zuckerberg’s Metaverse Bet, Spotify Pricing: Earnings to Watch

      Google Inc. Campus As Company Aims At Privacy Law

      Technology

      Google Faces Rare Jury Trial in DOJ Bet on Public’s Tech Unease

      Latest Electronics Products Are Displayed At Ceatech Japan

      Technology

      Intel Could Face Fresh EU Fine in Years-Old Antitrust Case

      View More Technology
    • Politics
      Politics
      • US
      • UK
      • Americas
      • Europe
      • Asia
      • Middle East
      Former Senior FBI Official Indicted On Charges Of Working For Russian Oligarch He Was Investigating

      Legal

      FBI Double-Agent Debacle Shows Agency Polices Itself, Wray Says

      Yellen Says Raising Debt Limit Is Only Solution to Avoid Fiscal Crisis

      Politics

      Yellen Says Raising Debt Limit Is Only Solution to Avoid Fiscal Crisis

      Featured

      • Next China
      View More Politics
    • Wealth
      Wealth
      • Investing
      • Living
      • Opinion & Advice
      • Savings & Retirement
      • Taxes
      • Reinvention
      Key Speakers at Forbes CEO Summit in Singapore

      Wealth

      Adani Faces One of Worst Billionaire Wipeouts With Empire Under Siege

      Executive Interviews At The Goldman Sachs Financial Services Conference

      Wealth

      Goldman Sachs Slashes CEO Solomon’s Pay About 30% to $25 Million

      Featured

      • How to Invest
      View More Wealth
    • Pursuits
      Pursuits
      • Travel
      • Autos
      • Homes
      • Living
      • Culture
      • Style
      Saudi Cultural Days in Rome

      Pursuits

      Saudi Prince Locked in $5 Million Fight Over 'James Bond Island'

      Althea Gibson

      Critic

      Before Venus and Serena, Tennis Had Althea Gibson

      Featured

      • Screentime
      • New York Property Prices
      • Where to Go in 2022
      View More Pursuits
    • Opinion
      Opinion
      • Business
      • Finance
      • Economics
      • Markets
      • Politics & Policy
      • Technology & Ideas
      • Editorials
      • Letters
      Day Three of The World Economic Forum (WEF) 2023

      Paul J. Davies

      The Boss Takes a Pay Cut But His Goldman Sachs Vision Survives

      BuzzFeed Inc.'s Listing Day

      Mark Gilbert

      Algorithms Are the New Trendy Corporate Placebo

      The Real Brain Exhibit @Bristol Science Centre

      Faye Flam

      Evidence Is Mounting That Covid Is Bad for the Brain

      View More Opinion
    • Businessweek
      Businessweek
      • The Bloomberg 50
      • Best B-Schools
      • Small Business Survival Guide
      • 50 Companies to Watch
      • Good Business
      • Subscribe to the Magazine
      SOLAR_01

      Economics

      Even $370 Billion in US Incentives Won’t Solve All of Solar’s Struggles

      A Bet on a Busted Airline Is Poised for a $100 Million Payoff

      Finance

      A Bet on a Busted Airline Is Poised for a $100 Million Payoff

      From the War Zone to the Classroom, Pursuing Business for Peace

      B-Schools

      From the War Zone to the Classroom, Pursuing Business for Peace

      View More Businessweek
    • Equality
      Equality
      • Corporate Leadership
      • Capital
      • Society
      • Solutions
      Inside A Blood Drive At Chargers Stadium

      Equality

      FDA Plans to Loosen Blood Donation Rules for Gay and Bisexual Men

      Yale University law school campus

      Equality

      Yale-Harvard Snub of US News Rankings Opens Way for More Exits

      Featured

      • In Trust Podcast
      View More Equality
    • Green
      Green
      • New Energy
      • ESG Investing
      • Weather & Science
      • Electric Vehicles
      • Climate Politics
      • Greener Living
      • Cleaner Tech
      Views Of Shipping And Freight At Murmansk Port

      Climate Politics

      UN Agency Moves to Curb Underwater Shipping Noise That Affects Marine Life

      Biden Faces Climate Litmus Test on ConocoPhillips’s Alaska Oil Project

      Climate Politics

      Biden Faces Climate Litmus Test on ConocoPhillips’s Alaska Oil Project

      Featured

      • Data Dash
      • Hyperdrive
      View More Green
    • CityLab
      CityLab
      • Design
      • Culture
      • Transportation
      • Economy
      • Environment
      • Housing
      • Justice
      • Government
      • Technology
      Shoppers In East Village District Ahead Of Consumer Price Figures

      Government

      An Iowa Town’s $60 Million Plan to Span the Broadband Gap

      Secretary Buttigieg Holds Press Conference With Michigan Governor Whitmer And Detroit Mayor Duggan

      Government

      US States See Record Diversity in Government Leadership

      JFK Airport’s New Terminal One Gets a Solar Boost

      Environment

      JFK Airport’s New Terminal One Gets a Solar Boost

      View More CityLab
    • Crypto
      Crypto
      • Decentralized Finance
      • NFTs
      • Regulation
      • Technology
      Binance SOCIAL

      Crypto

      This Week in Crypto: Binance Mishandles Collateral, More Crypto Layoffs (Podcast)

      Tibanne CEO Mark Karpeles At Mt.Gox Bitcoin Exchange And Bitcoin Images

      Crypto

      Bitcoin Declines as Risk Correlation Eases After Recent Rally

      FTX's Crypto Contagion Infects Firms From BlockFi To Voyager

      Crypto

      Contagion Spreads as Crypto Lender Genesis Files for Bankruptcy (Podcast)

      View More Crypto

Live on Bloomberg TV

CC-Transcript

  • 00:00It's wonderful to see everything behind the scenes here and what is still to happen. Pretty amazing to think this building opened in 1976. Three hundred and fifty million people have walked through the doors here. I was one of them as a young kid. It's known as a sanctuary. The iconic displays the sense of history that it brings. So what's scarier, landing in F 14 on the deck of an aircraft carrier at night or reinvigorating one of the most busy museums in the world? Well, I think the bigger task, quite frankly, is really envisioning this national treasure for the future. I mean, it's we know its impact. We've just said that it's influenced you. I came here in 1977, a year after opening. I was 19 years old and I was really struck by the DC 3 above us because that was an aircraft I had flown in as a small child. And so I made that connection and that that led to my professional life in aviation. So we know the power of the place. Not as scary as landing at night on a ship, but very, very the level of stress might be approaching that. It's interesting to think that this wing has been closed since before Covid 2018. You said when it reopened recently, the real measure of success will be when visitors return home and say, you must see this. Is that already happening? Absolutely. We're getting about 5000 visitors a day and we've had really good feedback both through the media and through our visitors. And I think part of it is because it's 40, almost 50 percent, the artifacts in the museum today are here for the first time. And we're able to expand the storytelling in a way that the other measure of success is. We hope that everybody coming into this museum, however they present whatever they look like, wherever they come from, they will be able to see themselves in the stories and the artifacts, just as I did in 1977. It's not lost on me that one of the big talkers here is this X wing fighter from the Star Wars movies. Obviously, it is not an operational aircraft or a piece of history the way some of these other exhibits are. But it speaks to the vision that you have in connecting fantasy with innovation. What's that lesson for young people? Well, it starts with an idea. And then there's that moment of inspiration and it can come any number of ways. So, for instance, if you go into our Destination Moon Gallery, we tell the true story of Apollo. You'll see games and some of the things that the young astronauts were influenced by as children. So we know the iconic value or the influential value of these artifacts. And I've taken some heat for the swings. People said it's never flown. It's why is it Air and Space Museum? And I I remind folks, I said, well, we have six thousand paintings that never flew. So it's really a question of meeting our audiences where they are. What is it that connects to them that resonates? And we know that the power of the excellent fighter does that for a lot of our audience, that a lot of competition for eyeballs and interest rate. If you're trying to appeal to kids who were on tick talk and social media and have the attention span of a 10 second video. So I'm guessing this actually helps to bridge that divide. It does. And I think that what we really hold dear at the Smithsonian and certainly here at this museum is a commitment to authenticity and accuracy. So that when you come here, whether it's in person or virtually, this is the real deal. And so sometimes some of the other media and influences in our lives can't lay that claim. And so it's really important that we hold to that, because it's not just the artifacts and the how real they are and authentic. It's the stories, the people stories behind them. There are amazing stories all around us, including that of the Apollo mission. The Apollo 11 capsule is something that reminds us of the harsh environment that is space. As you and I sit here in Orion, space capsule is orbiting the moon. How much do current events drive your vision for the museum? Well, very much so. I mean, very folks often think of museums having a retrospective look. And so it begs the question, why is why do we have a gallery dedicated to the Apollo missions? What's its relevance? Why? And other than the fact that it was just an amazing story. You know, the president just a few months ago, I think, use the term moon shot. So what is moonshot mean to a generation today that was not alive during Apollo? Most of the people coming into that gallery today will not have been alive to see the launches of the Saturn 5 and the Apollo Air. And I think the relevance and the reason we tell that Apollo story really gets down to four elements. One is, you know, to take on a big challenge and to solve problems, you need a strong vision. Certainly Kennedy articulated that you need a commitment of national resource. Four hundred thousand Americans, millions of dollars working on. You need a tolerance for risk. You have to be willing to take chances and then you have to have that human ingenuity that I think is often under estimated. And when you put those things together with the Apollo missions demonstrated as you can do incredible things. So fast forward. How does that play out with climate change and curing cancer and some of these seemingly intractable problems? I walked through that gallery and say, no, we can't solve problems. A seven year project, I believe, in total. Yes. This is a huge undertaking. Does it have a price tag? It does. This is an investment both by the citizens of this country. Their taxes have paid for seven hundred and twenty nine million dollars of rebuilding this building, as you noted earlier. It's had a lot of wear and tear since it first opened over 40 years ago. But importantly, the actual galleries, the look and feel like this gallery is financed privately and through our corporate and individual benefactors. People that have trust in us and have given us their treasure, their donations to fill finish this project. And that equates to over two hundred fifty million two hundred and fifty million dollars a a full time fund raiser as well. Indeed. But I remind myself, people don't give to me. They give to this museum and the stories that we're telling. And because they're so impactful and they're so relevant to developing the workforce for tomorrow, how do we start that process? Through a point of inspiration with the young learner. We play it out in these galleries and saw our our corporate partners, our individual partners, they recognize the power of this place and how it can influence in a positive way our future. Well, there's a lot to be said there. How important, then, in the grand scheme are corporate donations? What does that breakdown versus other funding that you're getting from the government or elsewhere? Well, the project in its entirety, about three quarters, is government funded. And what that does allow us is free entry. So the Smithsonian museums are free to the American public and to our international visitors, which is really quite substantial. That's important for folks that travel overseas to visit other museums. That's not the case. And then a quarter, as I said, over 250 million dollars of privately donated funds that have really allowed us to tell these stories. So it's a I suppose in a way, a public private partnership. But without that corporate and individual giving, we could not we wouldn't be here sitting in this gap. I'm compelled by your story, your personal story, your career. Three hundred and fifteen traps, more than five hundred fifteen hundred hours flying the F 14 Tomcat, this iconic fighter plane that that is just sort of has its own cult following now. You went on to be the manager of Dulles Airport, Reagan National Airport, the director here at the Air and Space Museum. But you've said in conversations that in flight school you experience something called they believe it's a flight down. Oh, yeah, absolutely. You actually failed the equivalent of a certain exercise that that you needed to pass in your training. I just wonder how much that influenced your approach to your career or your trajectory after that. Well, it's very humbling to be told that you failed in something you've worked hard at. But I think what it does is it's a real test of character to decide, you know, how invested are you in what it is you're doing and just with exploration, with Apollo, with all these stories. There was failure along the way and you learn from your failures. It's always important not to repeat the failures, but to learn from them, but to think that we're going to do incredible things either at a level like this museum, land a person on the moon or in my case, learn to fly an aircraft on and off a carrier. Failure is part of that process because it's not it doesn't come easily. And so it serves as a motivator. And to some folks, they're going to turn away from it and quit. And I think certainly my experience in Navy was, no, that's when you double down or we get that would have been a washout moment for a lot of people. But you could also argue that it's an essential component to your success. Well, it certainly was very formative. My time in the Navy absolutely was an extremely formative period of my life. It plays out professionally and personally in subsequent careers. And even here, in terms of decision making, you know, flying an aircraft very often you don't have all the information you would like in order to make a decision. It's a very dynamic environment. You can't sort of hit pause and stop. And so you've got to keep going. You got to make decisions and you have to often make decisions in that space where it's not really comfortable. Because, boy, you wish you had more information. But that's the reality of it. And you have to be comfortable in that space. And so that flying there are a lot of similarities, to be honest, between flying in the Navy and what it is I do today, except I didn't say that when I left, when I retired from the airports authority in managing airports. I said I left a place where the planes move and people are irate and came to the place where the planes sit still and people are happy. So it's not that seems like a big upgrade. I have to admit. But it's also your decision making, your process. When you were in an F 14, you decided to eject from a burning aircraft at night over the ocean. And walk away from it or swim away from it, I guess in your case, that thought process can be applied in a lot of different ways. Well, it goes back to, for instance, training. There's nothing heroic about bailing out ejecting from a burning aircraft. But the process leading up to it and recovering from it. There is something heroic if you save your crew member. Yes, that's true. But in our case, it's you know, the plane was on fire. It's time to get out. And as I said, give it back to the taxpayers. But, you know, and live to fight another day. But I mean, it really instilled in me an appreciation for the training. The Navy, in my case, wasn't going to ask you to do something that they hadn't prepared you for. And so it was a great lesson in preparing and training to those situations. And then also being acknowledged that it's expect the unexpected. You know, when we started that flight, we didn't expect that aircraft to catch fire, but we had to respond to it. And it was essentially our training that allowed us to do it. Feeling ever kick in when you're in crisis mode here? Oh, absolutely. And in fact, I was the airport manager at Reagan during 9/11. And there's a lot of that came into play. And, you know, we talk in decision making often about compartmentalizing and being able to focus on the issue at hand and not be distracted by other elements. And there's a scene in the original Tom Keene movie. You may recall some of your viewers where cougars coming into the carrier and he's not you know, he's all kind of scoop and they flash to a picture of his family on the CAC. Well, those of us from flying in the Navy. That's utter nonsense. You don't allow that to intercede into the cockpit. You would never you'd never put the picture of the families in the office. No, it's it's all business. And so it made for good Hollywood. But it doesn't acknowledge the effort that goes into, in this case, flying an aircraft where you have to be completely focused without distraction.
  • NOW PLAYING

    Reopened National Air and Space Museum Highlights Tech’s Power

  • 44:42

    'Bloomberg The Open' Full Show (01/27/2023)

  • 06:37

    Visa CFO on Cross-Border Travel, Consumer Spending

  • 02:29

    Goldman Sachs Cuts CEO David Solomon’s Pay About 30%

  • 03:08

    Chevron Buyback May Be 'Smokescreen': Analyst Sankey

  • 03:10

    'AOC' Brings Celebrity to the Oversight Committee: Rep. Comer

  • 02:34

    Salesforce Adds Three to Board Amid Activist Pressure

  • 01:23

    Chile at Crossroads: What's at Stake

  • 01:36:15

    'Bloomberg Daybreak: Middle East' Full Show (01/27/2023)

  • 01:42:57

    'Bloomberg Surveillance: Early Edition' Full (01/27/23)

  • 04:09

    Costa Says Chile Interest Rate `Will Be Maintained Steady'

  • 02:38

    Tech Earnings Are Bad Omen for US Economy: Lisa Shalett

  • 01:19

    US PCE Inflation Eases, Personal Spending Falls in Dec.

  • 02:58

    Pimco's Balls Says Core Fixed-Income Yields 'Good Enough,' Avoiding High-Yield

  • 03:11

    Lisa's Market Movers

  • 05:58

    Mehra: Lump Up on MAMAA Stocks

Stream Schedule:

U.S. BTV+
  • U.S. BTV+
  • U.S. BTV
  • Europe BTV
  • Asia BTV
  • Australia BTV
  • U.S. Live Event
  • EMEA Live Event
  • Asia Live Event
  • Politics Live Event
No schedule data available.

Reopened National Air and Space Museum Highlights Tech’s Power

  • Bloomberg Markets

  • Balance of Power

November 23rd, 2022, 8:08 PM GMT+0000

Bloomberg TV's Joe Mathieu sits down with the Smithsonian's National Air & Space Museum's director Christopher Browne for a behind-the-scenes look at the newly re-opened DC institution. Parts have been completely closed since January 2019 and BTV has an inside view of the new exhibits. (Source: Bloomberg)


  • More From Bloomberg Markets

    • 03:08

      Chevron Buyback May Be 'Smokescreen': Analyst Sankey

      2 hours ago
    • 03:10

      'AOC' Brings Celebrity to the Oversight Committee: Rep. Comer

      2 hours ago
    • 01:31

      LVMH CFO: Optimistic About China Amid January Recovery

      8 hours ago
    • 09:13

      DBS: India's FY24 Budget Deficit At 5.9% Of GDP

      11 hours ago
    All episodes and clips
  • More From Balance of Power

    • 03:10

      'AOC' Brings Celebrity to the Oversight Committee: Rep. Comer

      2 hours ago
    • 44:19

      Balance of Power Full Show (01/26/2023)

      17 hours ago
    • 04:13

      Chile Expected to Leave Benchmark Rate Unchanged

      22 hours ago
    • 46:29

      Balance of Power Full Show (01/25/2023)

    All episodes and clips
  • Bloomberg Technology

    The only daily news program focused exclusively on technology, innovation and the future of business from San Francisco. Hosted by Emily Chang.
    More episodes and clips
    • 02:34

      Salesforce Adds Three to Board Amid Activist Pressure

    • 45:01

      'Bloomberg Technology' Full Show (01/26/2023)

    • 01:12

      Going Viral: Succession

    • 03:23

      The Booming Investment in AI

  • The David Rubenstein Show

    "The David Rubenstein Show: Peer-to-Peer Conversations" explores successful leadership through the personal and professional choices of the most influential people in business.
    More episodes and clips
    • 24:05

      The David Rubenstein Show: Bob Johnson

    • 01:53

      Bob Johnson: ‘You've Got to Believe in Yourself’

    • 01:45

      Why Bob Johnson Sold Charlotte Bobcats to Michael Jordan

    • 01:00

      Bob Johnson Says He Sold BET at the Right Time

See all shows
Terms of Service Trademarks Privacy Policy ©2023 Bloomberg L.P. All Rights Reserved
Careers Made in NYC Advertise Ad Choices Help