they are the space exploration company launched by jeff bezos.pacex, has been working on this landing to build reusable rockets. joining me now from washington with more, lori beth garver. she is the deputy administrator. explain to us just how significant this milestone is and why. about spaceou think travel as any other form fan transportation, reusability will be key to helping make it become regular. imagine if we burned a ship once it went to con -- went across the ocean one time, imagine how it would be if we had to get rid of an airplane every terribly fluent. -- free time we flew it. this will allow many people to go and come back. wasy: even though elon musk congratulatory at first. he did respond with a second tweet saying that it is important to clarify space and orbit. so what did blue origin do that space and ask -- do that elon musk didn't? lori: it really leads to private industry competing. we have different altitudes. elon has gone orbital and that is harder. but this as a sub cortical -- some orbital vehicle, being able is no lo

jeff bezos was always ambitious.e was going to be a millionaire someday. this is when he was in grade school. >> he wasn't ambitious enough. >> he wasn't ambitious enough, exactly. so a lot of these people, they're looking at getting rich. but most of them, they have some passion to do something. jeff bay southeast just wa jeff bezos just wanted to be an engineer. >> there seems to be a very substantial jeff bezos premium put on the stock. he has gotten a pass like no other visionary that i've ever seen. i mean, he's obviously incredibly smart, but how has he gotten away for two decades with getting this pass on making a profit, when some of the other visionaries haven't gotten the same kind of a pass? >> it's basically because jeff bezos has done it all along. he made it very clear that what he's going to do is not fudge on quarterly profits, the way almost all corporations do when they're public. he was going to be in this for the long-term. he was going to grow the economy. he was going to have low prices to gain

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the ship is backed by the owner of amazon.com, jeff bezos.ust see him creeping into the control room to watch. >> it traveled into space and then came back down and the entire vehicle landed under its own power. >> reporter: the rocket gently kisses the landing pad. bezos took to twitter for what many think may be his first ever tweet: the idea is to make blue origin and the new sheperd capsule named for the first american in space available to companies and individuals so that going to space becomes almost second nature. >> say you took an airplane and only used it once, and then you had to build a whole new airplane to take another flight. >> reporter: elon musk tweeted congratulations to bezos. his company has had two failed attempts. >> his vehicle went up close to 400,000 feet, so it actually went into space and then came back down and landed under rocket engine compulsion. >> reporter: the crusade they made a controlled landing. they call it a full reused game changer, and a red letter day for private space flight. >> touch down. >> rep

bezos tweeted out it the rarest. rocket, musk responded not quite rarest.eet journal" veronica dagger with me now. this is a geek-off but bezos in fairness beat musk. >> in this en stance. elan will say, we were in orbit, you were not, a little splitting hairs that way. but bottom line the two billionaires with their rockets debating ho is better and faster, you have big egoes, a lot of money, and a lot of ennovation that is a good thing. deirdre: the fact that both of them want to do this does keep us and our space program moving ahead. >> that is a big difference, more of bezos' personal money, that brings us closer to private space travel for the individual. deirdre: on a day where names make news, yahoo! dro ceo facing big challenges, a lot of people she brought in, are leaving. in droves. what is your take on how investors and insiders feel about yahoo!? >> people are getting frustrated, she has been at this over 4 years now. they are not see results they expected to see, her issue, yahoo! does not know what it is, what it wants to be. that is what a l

then bezos is sort of in the middle there.just how great a company or how widely sort of appreciating the market is of amazon right now. cory: we've seen amazon shares fall by more than 80% twice in history. maybe he's cognizant having been through this a couple times that maybe take a little money off the table and get out while the getting is good. >> i'm sure he's got some investors probably pulling their hair out about how under diversified he is right now in terms of his fortune, 90% if not more is in amazon stock still so he may be getting a little pressure just for safety's sake to get out of it. >> all right. tom metcalf bloomberg's billionaires' reporter in our san francisco bureau, thanks. that does it for this edition of "bloomberg west." tomorrow emily chang will sit down with the alibaba founder and the president mike evans to tally up the company's single day sales figure. don't miss jack ma live tomorrow morning at 9:45 eastern, 6:45 on the west coast. on "bloomberg west" tomorrow solar city c.e.o. joins us tomo

bezos tweeted the rarist of beasts. a used rocket controlled landing, not easy, but done right, can look easy. elon musk tweeted back the >>> on the cbs "moneywatch" amazon is involved in a subway controversy and another e. coli outbreak on a warehouse. ads. >> a whole lot of controversy and a whole lot of attention. >> all press is good precious right? >> yeah, right. jill wagner is at the new york stock exchange with that and more. stock exchange, thanks a lot, jill. coming up we will speak with the ceo of target, brian cornell. >>> still ahead, a miracle baby. a newborn is discovered abandoned in a nativity scene at a new york city church. >>> and the demolition of a smoke stack goes terribly wrong as it crashes down on the driver of an skaitor. excavator. , live well, and take of what makes you, excavator. excavator. excavator. excavator. aveeno daily moisturizing lotion with the goodness of active naturals oat and 5 vital nutrients for healthier looking skin in just one day. healthy skin equals beautiful skin. and

it's a big day for bezos.ompany successly launching, not only launching, but returning a rocket and just joined twitter to celebrate. and what he's saying about the rocket launch, the rarest of beasts, a used rocket. controlled landing not easy but done right, can look easy. he's a genius smart man. bezos is standing by and will join us just ahead. so back to you, george. >> that's one reason to join twitter. >>> we're going to begin with those arrests for the killing of the pastor's wife in indianapolis. two men charged with the murder of amanda blackburn in a home invasion. abc's linsey davis has the latest. >> reporter: good morning. after a 13-day manhunt indianapolis police have arrested the men they believe are responsible for her murder. and based on the probable cause, they say the one who pulled the trigger is just a teenager. these are the men police say are responsible for killing 28-year-old amanda blackburn, a pregnant mother and pastor's wife. >> the charges filed today are the result of signific

here's what bezos wrote on twitter. "the rarest of beasts, a used rocket, controlled landing, not easy, but done right, can look easy. check out video." how much are the expectations here does he have to manage? this may not go right every time. >> i think this stuff is under expectations rooirp right now. i know a lot of hedge funds that have been trying to buy space x stock. he has titlely controlled the stock. i think space is under priced. look, if space x is valued at $12 billion, and we've got home delivery services that are valued north of $20 billion, and we're talking about putting people and stuff into space, and we though longer have a private space program. to john's point, there's 1,000 different uses for putting space and not even talking about tourism. i think this is an underpriced market, which explains why so many hedge fubdz are fighting fighting to get space x share, which are in short supply. >> bezos did say that the goal is to have millions of people living and working in space. how far off is tha

bezos tweeted the rarest of beasts. a used rockekecontrolled landing, not easy, but done right, can look easy. elon musk, ceo of spacex tweeted back the following. >>> on the cbs "moneywatch" amazon is involvededn a subway controversy, and another e. coli outbreak this time centered on a warehouse store chain. jail wagner it he is new york stock exchange with that and more. >> reporter: there is an e. coli outbreak linked to costco chicken salad. the cdc says 19 people in colorado are sick. anybody who brought the chicken salad before last friday should throw it out. the s&p 500 gained t t and the nasdaq was flat yesterday. >>> the u.s. department of transportation may loosen its role on self-driving cars. right now the cars are limited to testing only with a licensed driver behind the wheel to take over in an emergency. goobleg google wants to remove the steering wheel and pedals once the car is space. >>> a new tv series for amazon this subway car is covered inside and out promoting the man in the high castle. the sho

jeff bezos' company doing before. the rocket man here live this morning with a big announcement. >>> and good morning, america. okay, who is ready to go to space? >> not me. >> no. >> maybe jeff bezos is. that rocket went up. it came down safely and the video is just coming in this morning. >> ha could be the future of space travel. they're boasting of big windows, room for six astronauts and already starting the process of taking reservations for those window seats. i normally like a window seat. >> just not on a rocket. >> how much for those window seats? >> a lot. >> jeff bezos has a lot. he's going to be here live later. >>> we begin with that breaking news in the war against isis and a russian warplane has been shot down by turkey near the syrian border. america and its allies calling an emergency meeting to deal with it. terry moran with the latest. george. here's what we know right now. there's one russian jet down, two pilots missing and turkey and russia are now in a full-blown diplomatic crisis. it happened

>> jeff bezos has a lot. he's going to be here live later. >>> we begin with that breaking news in the war against isis and a russian warplane has been sho down by turkey near the syrian border. amera and its allies calling an emergency meeting to deal with it. terry moran with the latest. >> reporter: good morning, george. here's what we know right now. there's one russian jetdown, two pilots missing and turkey and russia are now in a full-blown diplomatic crisis. it happened this morning in the clear skies above the syria/turkey border. you can see the stricken russian jet in those pictures plummeting to the ground inside syria. afterhe impact pilots could bee seen just before parachuting out. turkey says its air force warned those russian pilots repeatedly they were invading turkish airspace but russia says that those pilots in that jet was in syria where it's coucting operations all along so it's a showdown right now, george. >> nato is calli that emergency meeting. woo he saw those parachutes, terry, but

that is to say, jeff bezos posting a tweet alongs with the video.ezos of beasts, controlled landing. not easy but done right. looks easy. he did link what you mentioned that video for takeoff and landing. elon musk says congrats, even though essentially he was scooped. he goes on to say jeff is maybe unaware, spacex suborbital flight began in 2013. did a water landing in 2014. these are the two innovators pushing each other, melissa, for space travel but what is exciting about jeff bezos who many know through amazon fame achieved with the blue origin rocket, 62 miles above the international boundary everybody recognizes is space and then this vertical landing which he did pull off in texas. so as many engineers say. this gets us all, humans closer to space use, spaceflight, space tourism sooner than later. >> i can't wait. let'slet's go to together, deir. >> all right. melissa: we'll watch you at the top of the hour on "risk & reward." look forward to that. david? david: we have breaking news. president obama signing a $607 annual defense bill detro

now, bezos wants blue origin to be the first to carry tourists into space. that's the same goal of fellow billionaire entrepreneur elon musk and spacex. musk tweeted his congratulations to bezos today, but also quickly pointed out that the rocket didn't actually remain and travel in orbit. >> it's amazing what we're seeing here. up next, a sneak peek at pixar's new movie. the bay area technology bringing the good dinosaur to life. ono off-days, or downtime.ason. opportunity is everything you make of it. this winter, take advantage of our season's best offers on the latest generation of cadillacs. the 2016 cadillac srx. get this low-mileage lease from around $339 per month, or purchase with 0% apr financing. might even enjoy them more than the kids. and like >>> well, like most pixarmovies, adults might enjoy them more than the kids. like use, bay area technology is the driving force. the new movie called the good dinosaur opens tomorrow. today, we got a sneak peek inside pixar hq in emeryville. we chatted with one of the art directors who helped create the m

jeff bezos is just ahead. >>> protesters are demanding change, right?y want the ivy league school to remove references to its former leader, president woodrow wilson. >> it's time to show you this morning's headlines from around the globe. the austin american statesman reports on a deadly helicopter crash at ft. hood, texas. the ua-60 blackhawk went down yesterday in the northeast part of the military post. all four crew members on board were killed. the helicopter was on a routine training mission. >> the times picking on reports on the arrest of a suspect in the shooting of a tulane medical student, under surveillance video captured peter gold being shot friday in new orleans. it tried to stop the gunman who was apparently trying to kidnap a woman. the suspect was arrested yesterday. gold remains in the hospital. we are happy to report his condition continues time prove. >>> the los angeles times reports on a new warning about the nation's main defense against by ological terrorism. the government accountability says viawatch can't be counted on to pr

jeff bezos is one of them. your book touches on their putting of heads. one project which is going to sound strange, strange is a flying to mars, 10,000 year clock that will be self-winding and will exist for ten years, something to remind is to think more in the future as we objects did as a species and it will be housed here in texas in west texas in a cave. but where do you see these future of creativity, the future of innovation? it's in all of, in a story like elon, but what are themes or evolutions as you sea coming down the pike? >> and how we create? >> yes. how we create. how we foster creativity and incue bade that. >> one thing interesting about the human propensity to create is how it keeps accelerating. you look at the first 50,000 years of human history, from the arrival of modern human beings to today, it's like about ten thousand years ago only that we started look offering animals and domesticking animals. another 5,000 years before we had agriculture. writing emerged about that time. and now we have gone through seven model odd iphone in

: i am sure jeff bezos did not only have business reasons to buy the washington post. there was probably also a personal interest. i would not be surprised if that was the case here. been $13ibaba has billion in deals so far this year. with mike evans, who is in charge of global expansion for alibaba and asked him about the m&a strategy in particular. take a listen to what he had to say. mike: in this sector, e-commerce, where we are approaching close to 400 million the consumer desires are changing dramatically. a big part of our strategy domestically means we have to be positioned with the right investments to satisfy that demand. alibabaom, how might use this investment to satisfied a mystic consumers demand? to the extent that, as jack ma said in his interview, you might be able to find ways to benefit your small to medium-sized businesses that do business on alibaba. i am not sure exactly how he plans to do that. the real key here, as we have scmp isuding, as cmp -- so highly regarded, a venerable newspaper. they are going to have to go to great lengths to make su

now jeff bezos is making history in space travel.ead, we'll talk to him about the successful landing of a reusable rocket >>> good morning. we have been noticing the cloud thicken. the rain is pushing into the north bay. we have machines in san francisco -- mostly sunny skies in san francisco. the rain should move in around 10:00. there's the radar. right now we have do temperatures in the 40s and 50s. grab the umbrella out the door with temperatures up to 60 degrees. hang onto it tightly. a south wind up to 20 miles an hour. rain this morning and early this morning. another round of rain tonight. >>> former president woodrow wilson is the target of growing protests. >> ahead, why many students at princeton university are demanding the name of its former leader be removed from a residential psychology and a prestigious school. they even want a mural of him taken down. >> the news is back in the morning right here on "cbs this morning." . introducing otezla, apremilast. otezla is not an injection, or a cream. it's a pill that treats p

dagen: give it to bezos, i'm waiting for a drone to deliver that package.ravel more than 50 miles from their home. will a worldwide alert put a damper on the plans? next. ♪ are you on medicare? do you have the coverage you need? open enrollment ends december 7th. don't put it off 'til later. now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions. call today to learn about the kinds of coverage we offer, including aarp medicarecomplete plans insured through unitedhealthcare. these medicare advantage plans can combine parts a and b, your hospital and doctor coverage... with part d prescription drug coverage, and extra benefits... all in one complete plan... for a low monthly premium, or in some areas no plan premium at all. unitedhealthcare doesn't stop there. you'll have $0 co-pays for preventive services... like an annual physical and most immunizations. other benefits can include routine vision and hearing coverage and the pharmacy saver program gives you access to prescriptions as low as $1.50... at your lo

talked about zuckerberg, bezos. talked about tim cook, heard me talk about doing a great job but now we're talking about elon musk. elon musk to me is smarter than all of us. his vision, his innovation, if you read analysts reports there are tough questions he is not giving comment to, he smiles. to me it is about deliverables. finally ahead of deliverables. a lot of reports i'm seeing haven't included new models coming out. analysts are really taking a bet on elon musk. if you love elon musk, you have to be in tesla. trish: many people, to your point, amish, will work for him just because it's him. kim is having inspirational ceo enough to be interested in the stock? >> no, sorry. i'm more of a value girl and i look at this company. it is still losing money. it's, it has a path perhaps to profitability at some point. it has huge question mark in my mind about their battery technology. and are others coming up on the curve with respect especially to actually producing batteries. we'll see. i think the price of batte

the 51-year-old amazon.com founder jeff bezos has of course his rocket blue origin.uccessfully orbited into space and landed it back in texas. looks like it's on fire there. >> when you buy a used rocket -- >> on craigslist? >> not too sure. maybe from one of his other billionaire friends. he had a pretty spectacular 24 hours. as well as doing that he thought that is not enough for one day's work. i'm also going to join twitter and tell the world about it. that started a little bit of a twitter wa with another billionaire person. he basically initially offered jeff bezos tweeting the rarest of beasts, a controlled landing. then there was a clarification of what space and orbit really is and saying look you aren't the first one to do this so a little war of words coming through from some billionaires on twitter. >> territorial. >> jeff bezos has had that distraction because this is not great publicity for amazon. this is an ad campaign intended to promote a new tv series that they're running. it's a historical series so what they've gone and done is wrapped carriages

bezos wants to be the first to carry passengers into space, the same goal of elon musk and his company spacex. musk tweeted his congratulations to bezos today but then quickly pointed out the rocket didn't actually remain and travel in orbit. >>> on the verge of a disaster. that's how state leaders are describing this crab season. as you might know crab season has been put on hold due to a toxic algae bloom off our coast. the $60 million business and the industry is at risk. state representatives want governor brown to declare this a disaster for the fishing communities impacted. it would allow federal disaster relief. >>> an iconic restaurant with stunning views of the bay bridge but tonight is out of business. sinbad's restaurant on pier 2 in the embarcadero has shut down after a long legal battle. you can see here today they're backing up the tables and chair chairs. it will now be replaced by a public park and expanded ferry terminal. >> i'm sure it will be beautiful but this has a fun vibe. >> it was old school. >> sure. >> so more rain to come. >> i know. this is good news, reaso

. >> that's teetering on the jeff bezos. >> so we got off to a rough start, and i told him i sold the book and he told me he wouldn't cooperate. so that was -- there was this moment where i decided, can i do this or not? and i decided to go ahead and i spent the next 18 months interviewing about 200 people, ex-employees of tesla, elon also cofounded paypal so all the paypal people. i thought his ex-girlfriend, i found his worst enemies, all that stuff, and after 18 months, that seemed to wear him down, and one day i was at home and got call from elon musk in the evening, on my caller i.d., and he decided we should have a chat. but he cooperated with the booking a that are. so i interviewed him for about eight months and i got access to the companies and folded that into what i had already done. >> i don't want to give too much away but this is the only access i've seen like this to elon. now that we're here, the book has been out, "new york times" best seller. what is -- has there been any feedback from elon directly or bad, good, indifferent? >> a bit of a rollercoaster. he -- he was

by some estimates, bezos' fortunate tops $58 billion. his net worth has more than doubled this year, helped by a more than 110% gain in shares of amazon. >>> daily fantasy sports companies are out of luck in new york. the attorney general has demanded that the two largest operators, draft kings and fanduel, stop taking bets in the state, because he considers them illegal gambling operations. dominic chu has more on the latest setback for this fast-growing industry. >> reporter: daily fantasy sports, is it or isn't it gambling? well, the new york attorney general says it is gambling and of the illegal variety and that their business violates the law. and this is the most important development in the debate over fantasy sports to date for one important reason. >> the state of new york is critical to both fanduel and draft kings. not only is it 10%, approximately, of their overall business, but in addition to that, again, new york is the hub of finance in america, in the world! >> reporter: a central part of the raging debate over daily fan

i'm pretty sure bezos didn't necessarily have only business reasons to buy "the washington post." there was probably also some personal interest. i wouldn't be surprise fd that was also the case here. emily: ali babay has done $13 billion in deals so far this year from media companies to pharmaceutical companies to a soccer league. i spoke with mike evans who is in charge of global expansion for alibaba and asked him about the m & a strategy in particular. how do we make sense of some of these choices. take a listen to what he had to say. >> in this sector, e-commerce, where we're approaching close to 400 million consumers, the consumer desires are changing dramatically. a big part of our strategy particularly domestically means we have to be positioned with the right investments and assets to satisfy that demand. emily: tom, how might alibaba use this investment to satisfy domestic consumer demand? >> to the extent as ma said in his interview you might be able to find ways to benefit your small to medium sized businesses that do business on alibaba. i'm not sure exactly how he pl

bezos reached 330,000 feet. so elon musk wants to makee it clear we already did that but it's still a great achievement for them both. >>> you may not recognize him but have probably been in one of his stores. target's ceo, brian cornell, is right here in studio 57. friday strategy and how t >>> thanksgiving coming up, you looking for ideas? how does this sound for dinner, wild boar bratwurst. >> sounds good to me. >> no thank you, ma'am. ahead the chef with a true hands-on approach. we'll be right back. the challenges facing the country never stop. so neither does the u.s. army. we train. adapt. and get t arter. every soldier. every unit. every day. not to keep up with change; but to drive it. nobody knows what problems tomorrow will bring. batman: so why do they call it black friday, anyway? pony: i don't know, but i think they should call it pink friday. batman: oh boy... pony: and we could have glitter! (continues under vo) anncr: black frfray starts thururay at 5pm with over 200 doororsters! toys"r"us. awww

jeff bezos beating elon musk in the race to successfully land a reusable rocket. more on this coming right up. this is more than just a town. this is our home. and small business saturday... is more than just a day. it's our day... to shop small at the places we love... with the people we love. for stuff we can't get anywhere else. and food that tastes like home. because the money we spend here... can help keep our town growing. this saturday is small business saturday, let's all shop small. for the neighborhood, the town, the home we love. shop small this saturday. aflaaac. aaaa-flaaaac. someone's sandbagging. i'd be tired too. he paid my claim in one day when i got hurt. one day? serious hustle. serious duck. in just one day, we process, approve and pay. one day pay, only from aflac. ah! when you're not confident you have complete visibility into your business, it can quickly become the only thing you think about. that's where at&t can help. at&t's innovative solutions connect machines and people... to keep your internet of things in-sync, in real-time. leaving

in terms of ceos, bezos has been doing this for decades and look at how performing. >> i'm going to get for you. amazon. >> it would be. and aws is the issue why i'm pressing on it. it grows faster than amazon and it is not reflecting the price for good reason and i stay with amazon. >> and morgan stanley had the price target raised today and valuing the web services at $63 billion. >> that is the unknown here. and at some point do people call do they split this off or whatever the reason is, you still get pop in amazon. that being said, b.k. would be selling amazon. taking profits. i won't say it is going lower, but in the game of would you rather, would you rather be in alibaba. when you look out five or ten years, i know the chinese consumer is going to be there. >> so you are talking long-term. >> i'm talking long-term. >> but for now amazon, you are talking long-term for alibaba. so still, both of them, you still favor amazon. >> i would take a third off of amazon and take that money and put into in alibaba and see what happens. we'll have some issues with the chinese economy and y

musk tweeted to bezos, congratulations, absolutely amazing. but then he started to say things that made the accomplishment sound less accomplishment. he reports his company, spacex, has already done that. on the left you've got the blue origin video you just saw. on the right, the spacex grasshopper landing where it started in 2013. who is the better rocket man? bezos's rocket started way higher, musk's started a few hundred feet over the pad. the falcon, after sending a capsule into orbit. here is the first attempt landing it on a barge at sea. that didn't go well at all. so when we are comparing rockets bay soes wins because he's been the most successful, from the greatest height so far. musk wins for trying the hardest. both get a gold star this morning. >> who is the best rocket man? is that the question you asked? >> i'm going to go right down the middle. >> i'm going with elton john. >> i was thinking the same thing. >> thank you, scott. >>> 6:17. if your thanksgiving plans take you anywhere near the sierra, be careful. snow blanketed th

bezos reached 330,000 feet. so elon musk wants to make it clear we already did that but it's still a great achievement for them both. >>> you may not recognize him but have probably been in one of his stores. target's ceo, brian cornell, is right here in studio 57. we'll look at target's black friday strategy and how the retail giant is thinking small. good morning. temps are feeling great early today near 50 with highs near 53. light rain or drizzle will develop this afternoon along with some fog. more rain is on the way for thanksgiving changing over to a wintry mix by late afternoon with some minor snow accumulations possible to the northwest. cool temps move in >>> thanksgiving coming up, you looking for ideas? how does this sound for dinner, wild boar bratwurst. >> sounds good to me. >> no thank you, ma'am. ahead the chef with a true hands-on approach. he does the hunting. you're watching "cbs this morning." we'll be right back. the challenges facing the country never stop. so neither does the u.s. army. we