richard branson is known for urgent america's sale to alaska air. thing bigger on the horizon. richard: i expect they will continue to use virgin america for another 18 months, and then they're going to merge all the planes into one brand, alaska airlines. >> don't they have a responsibility to continue to pay urgent for that contract? richard: until 2030, they continue paying royalties unless we decide to start another airline, and then we will see what happens. >> is that something you would be willing to do? richard: watch the space. >> and watched outerspace. finally, let me ask you, it looks like you have been making progress. any notion of timing? what is the status of that business? richard: we are having a really great here with virgin orbit, our rockets that are going to go into orbit and put up satellites him and virgin galactic. well.st program is going confident as we have ever been that we are very, there he nearly there. -- very nearly there. richard>> do you still plan to e your mother on one of your flights? richard: she is 93 and out

richard branson has a message for president trump.e says the president's plan to bring back coal is stupid. we're on it. more varney after this. >> higher profits at yum! brands, a strong demand at taco bell. the kong movie and batman helping profits at time warner as well. president trump will meet with palestinian leader abbas later today. and congressman peter king jones us, republican from new york. both men, congressman king, have both sort of laid out their personal agendas. do you see room for some sort of major step, perhaps, to the ultimate goal that has eluded all presidents going back to the 1970's, peace in the middle east? >> i don't see a quick move, but it's porn that president trump have this meeting and mak waiting is over and start serious negotiations that he's not going to be like president trump, not going to be criticizing the israelis and giving false hope to the palestinians. it's important that the real negotiations with abbas so he can negotiate for the palestinians. hamas controls much of the power, certainl

after selling virgin america, what is richard branson's next act?will hear from him in an exclusive interview next. this is bloomberg. ♪ emily: we had a spirited conversation about uber in the break. we are still here with eric newcomer and roger mcnamee. give us an update. >> uber sent a letter to levandowski saying you have to testify or we will fire you. that is not a surprise. they need to show they want him to testify in their defense. emily: the ongoing court battle over self-driving cars. roger, you think this is a big deal. huge dealhink it is a because i think self-driving cars are further out than conventional wisdom. as a consequence, it will not come soon enough to save uber. their much better taking money they would invest in buying cars. in china where the great move was to get 10% of the biggest chinese ridesharing company and exit the market rating billions, i think exiting self-driving cars will be a profoundly positive thing if and when uber chooses to do it. emily: they already have self-driving cars they are testing. flipkart so

. >>> richard branson was in san francisco to announce the launch of virgin sport san francisco. he said it would be the first ever festival fitness abbi in the u.s. festival fitness abbi in the u.s. managers are promising fitness events in the parks and on the streets welcoming everyone to go fit themselves.>> sporting events such as for participants but for the whole family. more like a music event where everybody can have a good time and it can be a magical day out with the whole family.>> the festival includes a half marathon in a mile run at twin peaks. their promising food, music, art, beer, and fitness. it is october 13, 14th, and 15th. >>> the temperatures warmed up a few degrees and highs will be warmer. tomorrow ties into the 90s. tomorrow we will see low 90s and beautiful day today a beautiful day tomorrow. fog will return saturday afternoon. there are patch the fog right now. temperatures are in the 60s. beautiful sunset out. beautiful sunrise tomorrow in the bay area and no clouds. cloud free for the most part. this is the model thing tomorrow morning a little fog an

. >>> sir richard branson has big plans for san francisco.festival he is bringing to the city this fall. >>> not bad out there when it comes to the morning commute. we do have some things to talk about but so far the san mateo bridge looks pretty normal heading out to the highrise. we do have a closure on niles canyon road and will update you on that street. >>> we just got a new barbecue and i would like to set -- break it in with warm temperatures. today and tomorrow will be warm. we will show you those temperatures coming up. >>> looking at the stocks. minutes after the opening bell. we saw a major slide on stocks on wednesday. we saw a recovery yesterday and here we are early. up by a 12:45 %. without getting 50 points. >>> speculation on wall street that sirius xm is in talks to buy pandora come the oakland- based music streaming company. shares soared yesterday on the news. they have been discussing a merger for months. pandora finished a rollout last month of an on-demand service to compete with spotify and apple music. >>> ibm is tell

vonnie: that was richard branson speaking to cory johnson. another week, another problem for uber.rivers are voicing their anger over the widening get between what they are paid in what customers are charged. for more on this we are joined by eric newcomer, who covers uber. what has been going on, why suddenly our drivers getting angry? >> uber rolled out upfront pricing. they said you will pay for this, but the drivers and the public were being told it would be routed in the same calculation, time and distance. we have learned uber is now doing something else, time and distance but also a route propensity to pay. we will run experiments to see how much we think they will pay in a given time of day. then uber pockets the extra money it makes, sometimes reinvesting into driver bonuses, incentives for riders, but they make the next money instead of passing on to drivers. an aggregate is what drivers are being paid, has been gone down, or has it been stagnant as uber has been able to get marginal pennies? >> it is hard to get long-term data on driver pay. uber argues they have remaine

. >>> coming up at 4:00, billionaire richard branson is bringing what he calls the coachella of fitnessestivals to san francisco. his secret twist on the big event today at 4:00. >>> then love and money, making that conversation a little less uncomfortable. tonight on abc 7 news at 5:00. >>> all right, i'm obsessed with my dog, but i don't know about this. how far would you go to make your furry friend happy in. >> a survey reveals the truth about dog people finding 54% of dog owners consider breaking up with someone if their pup didn't like their partner. imagine that. would you? >> i don't know if i'd go that far. in fact, nearly all dog owners love their friends so much they are a part of the family. i get that. pet services company, rover.com, dug into this surveying 1500 adults and most dog people say hello to the pups first when they come home, and then greet their husband or wife or kids or whoever happens to be in there. >> but maybe the pet also comes running up first too. >> that's just it. that's what happens usually. >> even cats do that at times. >> really? >> my parents wo

though sir richard branson no longer owns an airline based here, he still loves the bay. >> san franciscon brand. i think people from san francisco love the virgin brand. >> reporter: so when the nike women's half marathon announced it was leaving san francisco, virgin decided to step in. >> and we decided that you americans are quite people so we experimented on the brits first which we did a couple weeks ago in london. >> reporter: the experiment was called virgin sports. now it is coming here the weekend of october 13th. there will be a half marathon, but there will be lots more. >> it's fun and that's our secret way to introduce fitness to everybody. >> reporter: running is a good start but that's only the first step in what virgin wants to do here in san francisco. they want it create events about movement, whatever form that takes. >> you may come for the free yoga. your friend may come for the boot camp. your other friend may be up to the twin peak mile, style mile fancy dress and walk and run. >> reporter: family friendly fitness festival they're calling it. it gets kids playing o

. >>> richard branson has a theory on how to improve air travel in america but first airlines need toail. we caught up with him in san francisco. he said he was sad to sell virgin america to alaska airlines because america needs more competition in the skies not less. >> you have a very strange situation in america where when companies get into trouble, when airlines get into trouble, they just go into chapter 11 get rid of all their debts and come back again and again and again and they don't die whereas what you need is like an old oak tree, you need it to die, and then leave room for new little acorns to have new trees, new airlines, new competition. >> branson was in town to announce the upcoming virgin sport san francisco fitness festival slated for october. >>> facebook is facing a $122 million fine. they are in trouble for misleading the eu over their "whatsapp" takeover. facebook took over the company in 2014 and at the time, facebook told the commission that it would not be able to match user accounts on both platforms. but the eu found out that some facebook staffers knew it

. >>> richard branson was in san francisco today. >> he was moving pretty sfaft. fast. cnference on the move. >> for him today was an easy day. >> i ran 50 joel anthomarathons states in 50 consecutive as. >> he no longer owns a airline base here but still loves the bay. >> san francisco has been synonymous with the virgin brand. >> so when the nike women's marathon announced will lead san francisco virgin decided to step in. >> we decided the americans are fussy people so we decided to experiment on the brit chz we did in brun. >> the experiment was called london sport and is coming here. it will will be half marathon but there will be a lot more. running is a good start but it's only the first step what environmental virgin sports wants to do in san francisco. >> you may come for the free yoga, your other friend here for the boot camp, the other friend maybe the style mile where it's about fancy dress and walk and run. >> family fun fitness festival, proceeds go to play works, gets kids to play outside. >> we can let the kids jump in. play some four square, give some h

on same day that richard branson commented on president trump's coal plan, saying, i can't think of anythingtupid. there are great signs that the industry has a pull pulse, it worth trying to save. and there is a building boom across the nation. we saw strong sector -- session for coach, texas roadhouse. retail and restaurants coming back, this adds credence to overall fact that maybe atlanta fed is right, they assume this quarter we're in, will go up 4.3%, that would be huge, is it a pipe dream? teren, you are a big time investor. gdexpecdp was soft first quarte, there are signs that things are getting better, is it possible to bounce back. >> i think the bigger conversation is healthcare system. i think it will be a drag on the economy for many years to come. if we don't get our arms around the ticking time bomb. mental health, and aging population, that represents 40% of medical spend, spiralling out of control because of the economy, we'll always have slower growth than what people expects. it is the elephant if the room. charles: do you need money to address it? >> that is the interesti

pounds per month, the country has waste $170 million in funding and investors include and sir richard bransonu for joining us. key player in the european unicorn space. big investor names. you are profitable. whether the profitability is something you were always striving towards. aswe have always known that we hit critical scale, we were going to get to the profitability. now we are moving a billion pounds a month. a million users using transferwise. we have hit profitability, our goal remains keeping and making sure we can have the biggest impact. >> did you ever think when focusing on profitability am a you are looking at your bottom line or is that not the case? can be i think it mutually beneficial. for us it is important to make sure we are country by country and quarter by quarter basis with strong economics. the company of a whole breaks even, making sure its fundamentals are sound is very important. caroline: has there ever been any pressure from investors to become profitable? slightly more wariness about sustainability of business model, is that something people have been calling f

. >>> sir richard branson was in san francisco today, if you could catch him.c news" reporter jonathan what he called a conference on the move. >> i ran over here and across the golden state bridge. >> reporter: it was an easy day for him. >> i ran the marathons in 50 consecutive days. >> reporter: not only pro athletes work out, so do british billionaires. he no longer owns and airline based here but still loves the bay. >> san francisco has been sin mouse with the virgin brand. >> reporter: when the nike half marathon decided it was leaving san francisco he decided to step in. >> you americans are quite fussy people and we'd experiment on the brits first we did a couple weeks ago in london. >> reporter: the experiment was called virgin sport now coming here the week of october 13th. there will be a half marathon but there will be lots more. >> it's fun first. that's our secret way to introduce fitness to everybody. >> reporter: running is a good start but only the first step to what virgin wants to dine san francisco. they want to create it about movement. >>

. >>> sir richard branson was in san francisco today, if you could catch him. "abc news" reporter jonathan and what he called a conference on the move. >> i ran over here and across the golden state bridge. >> reporter: it was an easy day for him. >> i ran the marathons in 50 consecutive days. >> reporter: not only pro athletes work out, so do british billionaires. he no longer owns and airline based here but still loves the bay. >> san francisco has been sin mouse with the virgin brand. >> reporter: when the nike half marathon decided it was leaving san francisco he decided to step in. >> you americans are quite fussy people and we'd experiment on the brits first we did a couple weeks ago in london. >> reporter: the experiment was called virgin sport now coming here the week of october 13th. there will be a half marathon but there will be lots more. >> it's fun first. that's our secret way to introduce fitness to everybody. >> reporter: running is a good start but only the first step to what virgin wants to dine san francisco. they want to create it about move

. >>> sir richard branson told us today air travel in america won't improve until airlines start to fail. we caught up with him in san francisco. he said he was sad to sell virgin america to alaska airlines adding america needs more competition in the skies and not less. >> you have a very strange situation in america where when companies get into trouble, when airlines particularly get in trouble they just go know chapter 11 and get rid of the debts and come back again and again and again and they don't die. whereas you need like an old oak tree you need it to die and leave room for new little acorns to have new trees, new airlines, new competition. >> branson was in town to announce the upcoming virgin sport san francisco fitness festival in october. >>> you remember the audit that revealed the secret uc slush fund? after all that the university president's office wants more money. melissa caen in the newsroom with the board of regents response. >> reporter: at today's meeting state auditor elaine howell presented the findings of that audit of the uc office of the president. it shows s

billion pounds per month, the company has raised $170 million in funding and investors include sir richard bransonf an island, who knows? he spends most of his time in the caribbean. thank you for joining us. key player in the european unicorn space. big investor names. you are profitable. talk to us about whether the profitability is something you were always driving towards. >> we have always known that as we hit critical scale, we were going to get to the profitability. now we are moving a billion pounds a month. a million users using transferwise. we have hit profitability, our goal remains keeping and making sure we can have the biggest impact in its user base five or 10 years down the road. caroline: did you ever think when focusing on profitability that you are looking at your bottom line or is that not the case that can be mutually beneficial? taavet: i think it can be mutually beneficial. for us it is important to make sure we are country by country and quarter by quarter basis with strong economics. always. it is the case at which critical scale the company breaks even, but making sure i

because i was listening to the former virgin air, richard branson. one of the things he suggested is that the industry is getting out of control, getting too big to manage. >> i think the value of the large footprint that we and other airlines on this table have is the ability to really connect customers to all parts of the world through our various networks. the large -- >> you can do that with smaller airlines and still, you know -- one big humongous airline. >> it's more difficult to do that. the hand off we can do today. and continuing another concern we have of ours. the large scale certainly provides and allows for some more freedom of choice. also the complexity is something we have to better manage. we're an organization around policies and procedures on safety that work very well, again, to your point, it's important that we localize the customer service, not in a broad perspective and every one of our stations, every one of our folks are keen and focused on that. >> mr. kirby, i ask your response on the size of the seats in your airline? >>

albert einstein, sir richard branson, steve jobs, and darcey bussell. problem—solvers, many still find it difficult to get work? it's thought there are around 6 million people with the condition in the uk and today a new charity — made by dyslexia — has been launched to raise awareness and point to the potential for the business community. the founder of made by dyslexia, kate griggs, joins us from the newsroom. kate griggs, firstly, what is dyslexia? dyslexia is really a different way of thinking. scientifically, it is a different wiring of the brain and it leads to a pattern of huge strengths as well as huge difficulties, and it is the difficulties we know about more than the strengths, which is why we founded made by dyslexia. what other misconceptions, the barriers that people with dyslexia face when they apply for work? i think all of the things we measure at school, whether spelling, maths, comprehension, they are all things that dyslexics can struggle with, and how we grade and rate whether children are doing well at school or not, and the things

. >> the brains behind vitamin water among other things and billionaire sir richard branson, the foundertank when the show returns in the fall. [ applause ] yes. >> your kids still watch it? >> yeah. >> they'll be with our beloved sharks, you know, they'll be intermixed. >> got very opinionated and won't hold back. i like that. >> excited about it. that's new. >>> also in "pop news," jennifer anise t anise stone did it skipping the one-on-one honeymoon in favor of what's called a buddymoon. a buddymoon is the new trend. a new -- i see your reaction. it's like the romphim. >> yeah. >> that was really -- that didn't warm our heart, that one. i didn't say i want to go on a buddymoon. i'm saying it's a new trend. priceline survey showing a huge increase of those who attended them over the last five and the main reason as wedding customs have relaxed the idea of a honeymoon has shifted as well. couples are saying that after the months and months of planning they just don't want the party to end. so, i can understand it that way and advice if you're considering this, i mean i really feel like

an exquisite interview with nato .ecretary john stoltenberg ♪ billion and richard branson is hintinge u.s. airline business. he is talking with alaska airlines over how long the airline must payroll tees on his virgin america brand. alaska has been paying branson. tv hen tells bloomberg will see what happens. one of the pioneers of remote working is telling its workers to cut back -- to come back to the office. ibm has given thousands of remote employees in the u.s. a choice -- abandon your work home leave the company. that it would speed up the pace of work to returned offices. untitled portrait sold some $210 million. only 10 other works of ever broken the $100 million market. the buyer was a japanese online retail magnet. that is your bloomberg business flash. jonathan: i always had this in thef my bed and background, working from home. [laughter] david: that is not going to work. jonathan: it is not going to work for ibm either. [laughter] jonathan: the ecb acknowledging outlook for growth is looking better but remained worried. according to the april meeting, some members says t

remember when richard branson said bringing back call was stupid we decided to bring in one of the biggestout that. i am almost embarrassed to say it but we do we have the coal architect of obama care. just a sunday he tried to blame the problems on president trump. listen to it again. >> who's fault is this. before president trump was elected there were no counties in america that did not had an insurer. since president trump has been elected. >> urinal blame the problems with obama care on president trump. jonathan's can be with u later this hour and you can be sure and ask him about that. the third hour of ernie and company starts right now. charles: to the news that is rocking washington and the nation. all eyes on judge andrew napolitano is on us. the big question now is who is going to take over. and there's even a chance that the number two now acting director may actually had a chance here. they bring the type of package the classic baggage that donald trump said he would reject in washington. they are the number two person in the justice department. is married to a physician who r

because i was listening to the former virgin air, richard branson, and one of the things that he suggested is this industry is getting out of control, getting too big to manage. >> i think the value of the large footprint that we and other airlines on this table have is the ability to really connect customers to all parts of the world through our various network. the large -- >> you can do that with smaller airlines and still, you know -- one big humongous airline. >> with all due respect, sir, it's more difficult than that. the handoffs we have today can be difficult and are continuing another concern we have of ours, but i think the large scale provides and allows for some more freedom of choice, but also the complexity is something we have to better manage. we are an organization around policies and procedures on safety that work very well and -- but, again, to your point, it's important that we localize that customer service not in a broad perspective and every one of our stations, every one of our folks, are very keen and focused on that. >> i ask for your response on the size of the

richard branson has tried it, got a lot of money, big name, incredibly innovative.re jamming people on it. >> commercial air flight in america is a constant aggravation 64 hours a day, 7 days a week. >> for the most part it's miserable other than our friends at jetblue. >> jetblue is great. >> delta. >> no, i don't like delta. >> delta is better than most. >> no. >> no? somebody had an experience. >> yesterday. >> figured? >> what happened did they not put a crown on your head? >> my head was too big. they saw "saturday night live." >> by the way -- >> needed a box for my head. >> was ann mad at you? >> no. no. no. >> i have to say, that got the biggest laugh. >> she hired a personal trainer for me kept looking at bobby moynihan. if you look like that, you're going to get in shape. >> more comments about you and willie. >> i'm going to work with mikey day up there. he's going to grow into the character, let's just say. >>> still ahead, we have much more on yesterday's testimony from sally yates, the acting attorney general who was fired by the trump administration j

richard branson said something interesting when companies get too big, this is why he has separate companiese. u.k., australia, so that you have separate ceo's, it's not too big. it's like the government you don't lose sight of the have i. charles: went too small, too few competitors, they have airlines that park the planes and seats are smaller. they charge us for bags and everything. liz: charge us for oxygen, kidding. charles: they've gone in my mind-- >> it's a meltdown of an entire industry before our eyes. charles: it is. the market futures guys, it's something of a mixed bag. the dow is probably going to open slightly lower, but nasdaq picking upstream here and so is the s&p 500, again, don't we sort of think this may not be an eventful session. i think it's going to be eventful and sets up monday, also, depending on the french election outcome we could have a huge back to back session or 200 points on monday. and stay with us, we've got news and gary cohn next. thanks for doing this, dad. so i thought it might be time to talk about a financial strategy. you mean pay him back? so let'