ed: virgin galactic would say no.hey would say they see an opportunity for limited zero gravity sign big experimentation not just tourism, but the technology is different. it is a few minutes of weightlessness relative to what spacex can achieve at lower orbit. spacex has the differentiator and is able to carry payload for a much broader set of customers. how many tourists are willing to pay the $250,000 to 500,000 dollars a ticket to go on virgin galactic? that is always the existential question. jon: appreciate it. ed ludlow joining us from san francisco. facebook's parent met out, the stock is down about 2%. mark zuckerberg selling shares for the first time in two years. he unloaded 185 million dollars worth of stock in november. we know that that i has had a huge run. the stock has barely moved since zuckerberg laughed sold shares. last year, there was no activity for the entities that represent his fortune, which oftentimes he is selling as part of his charitable contributions. alix: it is hard to draw a real con

recognition that virgin galactic is not the strongest player in this commercial space., and there may be others that are in europe or elsewhere that are ahead of them. that this is a tacit recognition of that. >> if you're jeff bezos, maybe you don't mind funding your company of the was it because you have billions and billions. >> if i'm not mistaken, they were basically a space tourism launch, not a space cargo launch. >> that's right, yes. some investors have literally said, should they just pivot an offer faster global flights here? with that technology instead. >> from space to taking up less space, rochelle is the latest pharma giant to enter the white law's race. said to introduce -- in a 2.7 billion dollar deal. carmot currently has a weekly injectable in phase one trials and it's probably not going to be available to patients until 2030 at the earliest. but that is late. late to be entering this. >> not just, that look what just happened with pfizer. halfway through that trial they had to stop. >> presumably there in phase one right, now presumably it will go b

wide meeting on wednesday. >>> richard branson says he is not going to put anymore money into virgin galactica 7.7% stake in galactic. he says he does not have the deepest pockets any more after covid. virgin should have sufficient funds to do its job on its own. shares falling as you can see this morning. >>> and new details into what could be the conflict of interest with openai. he signed a letter of intent in 2019 to spend $51 million in chips from another startup that sam altman has interest in personally to the tune of more than $1 million. it is set to deliver the first hardware to customers as early as october of next year. so many little bits to this story coming out, frank. >> we will follow every tick of it. great to see you. thank you for the headlines. >>> we turn our attention back to the broader markets and one area that continues to show signs of strength is tech. the nasdaq coming off the fifth positive week in a row. longest winning streak since june. this marking a big shift from 2022, but as we head into the 2024 year, can the trend continue? joining me is dan ives from we

lululemon down 1.6%, virgin galactic richard branson rolling out any further investment in his spaceview with the financial times, branson said his business empire has less cash following the coronavirus pandemic but virgin galactic has a billion dollars on the book to survive on its own, virgin positive spaceflight on the unity aircraft to focus on building the new delta ships which will apparently have more passenger seats. they expect test flights of aircraft in 2025, the stock is grounded down 18% and stands at a dollar 93. carvana zooming higher after j.p. upgraded from upgrade to neutral, everything from $25 to $40, it's right there, $40.14. the online used car dealer is making progress on productivity cost and company culture, it is up 13.9%, gm we should look at that it's moving higher to end a quarter% after hsbc both raise the rating from neutral to buy, mizuho raising the price target from $38 to $42 on the belief that the wage increase for uaw workers will be offset by the company's other cost-cutting plans which include pausing investment in the cruise self dragon busine

mutts mysterious space docks into or bit and as travion green space up 35% and rocket lab and virgin galactice're going to come right back. ♪ this is your season to smile -- to raise a toast and gather together, to wrap up the fun and round up the gang. to help get you ready, your aspen dental team is celebrating 25 years of affordable care with an epic anniversary savings event. right now, new patients without insurance get a free full exam and x-rays. plus, everyone can get 20% off their treatment plan. but hurry, because while the season won't last, the memories you make together will. aspen dental. book today. we all know that words have power. they set things in motion and make us happy or sad. but there's one word that stands out, because when people say it, lives are changed. it's not a big word. it's itsy bitsy. it's only three little letters. but when you say it, the life of a kid like me can be changed. so what is this special word? it may surprise you. it's yes, yes, yes, yes to becoming a monthly supporter of shriners hospitals for children®. that's right! your monthly support all

prior to this role he spent time as virgin galactic vice president of global engagement and in the whitehouse office of science and technology policy. director dalbello, you are recognized for your opening statement. >> thank you. chair campbell, chair sinema, ranking member schmitt, senator hickenlooper and members of the subcommittee, thank you for the opportunity to testify today. my office, the office of space commerce, or osc, along with our colleagues in no one in the department of commerce appreciate your continued support and advocacy for commercial space industry -- noaa. for over 30 years osc has worked to support and enable u.s. leadership in the commercial space economy. over those years we have partnered with industry to solve complex policy and export control issues, open new markets to encourage investment, minimize government and to minimize government competition with industry. our office is currently the regulator of the u.s. commercial remote sensing industry and we are implementing out the next generation of space situational awareness program. u.s. commercial sector

. >>> and then richard branson is done funding virgin galactic.uld have what he called sufficient funds to do its job on its own. that stock has been seen better days, though. the market capitalization now below a billion dollars and that stock down another 13% today. that's a drop of just 31 cents. >>> we are less than 90 minutes on the opening bell on wall street. mike santoli has a few charts to watch. here we go, mike. >> becky, the furious rally in the s&p 500 taken us right almost exactly to the late july highs. what happened after the july highs, we had a correction over the course of three months due to a lot of factors. not just because the market gotten ahead of itself. we have traveled as far, about 12% gain from here at the late october lows. as we did over two months. so about five weeks we did what we did in two months to the same level back then. earnings estimates are higher, valuations are a bit lower. what's going on now as we digest a little more rotation into the laggards, the russell 2000 futures are up today and some pressure