the new business venture he's launching. >>> plus, the kidnapping caught on camera. how the mother fought back. >>> the stuntman nearly killed during this terrifying accident speaks out for the first time. how he survived. >>> and for the battle from this angry alligator to the pope to a cyber attack targeting candy corn, it's thursday, october corn, it's thursday, october 21st. captions paid for by abc, inc. >>> good thursday morning, everyone. we begin with the mysterious case of murdered gabby petito. >> federal authorities found human remains along with a bag that appears to have belonged to brian laundrie. >> officials say overnight the probability is strong that they are brian's remains. >> this morning, new questions in the gabby petito case, just hours after the fbi found apparent human remains in the search for brian laundrie. >> investigator found what appears to be human remains along with personal items such as a backpack and notebook belonging to brian laundrie. >> the discovery was made after his parents called police tuesday night saying they wanted to

. >> london is starting a controversial new business venture, and there's only one place in america shean pursue it without committing a crime. >> we are just outside of the capital of nevada in a pretty nondescript part of town, yet people from all over the country and all over the world are coming here for one thing: to get laid. this is brothel country. and, here, prostitution is legal, but only with a licensed working girl linked to a licensed brothel, but a business like this can't pop up just anywhere. in nevada, brothels are allowed in 12 counties, but only in isolated, rural areas away from major cities. just south of reno, there are four brothels, and my first stop is famous for its bunnies. >> hello! welcome to the moonlite bunnyranch. >> thank you. >> here's your souvenir menu. >> thank you. >> all the ladies are lining up, and they all want to meet you. >> hi, i'm asia fox. >> hey, i'm [indistinct]. >> when the doorbell rings, the women line up, and a customer can choose: blondes, brunettes. >> hi, i'm sarah greenmore. >> a fresh face or a seasoned professional. >> hello, i'

the ceo of meritage homes joins us to discuss it plus, bobby play is cooking up a surprising new business venturewe will talk to him about that >>> the ceo of royal caribbean is here fresh off earnings to talk the future of the industry and their new 274-day cruise a lot more coming up right oof this >>> this is "the exchange" on cnbc as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. [uplifting music playing] ♪ i had a dream that someday ♪ ♪ i would just fly, fly away ♪ ♪ >>> welcome back, everybody. the housing market continues its wild run as yields soften again and demand for homes remains sky hugh that helped meritage homes, the stock up 30% on the year, taking a profit on a little less than 1% the question is whether the housing market is showing signs of losing momentum joining me is philippe lord with meritage home. welcome. >> thank you great to be here >> what is your typical price point? >> our average price point is around 400 we closed around 400, 3,000 houses this last quarter and our outer jp was a

of our from attraction for lead to didn't side front on the side, about new or a 2 year old gateway, into business furniture ventures. how does he have to remind from the, from the age of just 2 months until she was 6. calia had more than 20 operations and spent most of our childhood in hospitals. but tomorrow the tag is peer. my order does come out of my doctor's diagnosed the problem straight away. it was a genetic disease. and julio wasn't the 1st in her family to have lim disorders. i didn't emphasise me. i heard this from her on a feel bid on natalie america that the sprinkler, they're not up your own by it in my power. can you still buy mine for i to just meeting vinyl de smith and i'm putting and is meant accent. julio went to a regular kindergarten and was always sociable if she couldn't do what the other kids could. she always found a way to compromise, instead of giving up because she was different. now an adult, julio hasn't changed much. she still refuses to change her surroundings to suit her condition as to how the back into how that can pass on them as well as my alice. no, my varnish with the i have

new entry into the world this week. donald trump announcing truth social, this business venture he has where he's getting a new infusion of cash and launching a media operation that looks just like twitter. he also said it's going to launch a media platform, maybe make tv shows. the big news, philip, he's going to launch a version of twitter. he says he's doing it. raising a lot of money doing it, a lot of trump fans buy into his stock. should the press take this seriously? >> we can't not take it seriously because this is essentially donald trump reinstating his direct to the pipeline communication with his base, which is how he was able to gain power in 2015/2016. but what's truth in social media part of what we haven't talked about yet is the right is very good at policing technology in media companies as well. they're good at saying you're cracking down too hard and need to scale it back. that's causing twitter and facebook to say, okay, we need to change what we're doing because we don't want to silence the voices yelling at us the loudest. so basically p electric's platform allows him to say hey, this is the play

venture in china. it paves the way for an aggressive expansion in the world's second-largest economy. in a memo, goldman says it marks the start of a new chapter for the china business successful 17-year joint venture. rishaad: the earnings season at goldman sachs running a stellar quarter for wall street's biggest banks. we spoke with bloomberg's sonali basak about the results and headwinds. >> there are handful of things going on. we are making progress with a vaccine. i did state on the earnings call that i feel like the virus's worst impact on the economy is most likely behind us. but we oversee have inflationary pressures particularly around wages, we have a debate around infrastructure and fiscal spending in washington and the potential tax increases, we have a complex dynamic between the u.s. and china. there are still some adversity around the delta variant area all of that leads to potential headwinds. it doesn't mean we will see headwinds, but we are starting to see a more sustained economic recovery. those are a handful of things that have to be watched closely. >> as far as inflation goes, do you think investors are undercounter how much of an issue this

apparently this benefits venture capital startup technology, and a lot of folks out there say no, not quite so fast. it facilitates not only a lot of new businesse, but contributes a lot to the economy here. this will set a sense of some estimated revenue, that democrats think they can raised by not -- the question, the benefits of what you gain by keeping it there are greater or lesser than anything you get out of revenue? that's the same question. i want to bring into this conversation shila nieves burney , over at zane venture fund. for folks that do not follow the tax code and know a lot about the tax code, how important are some of these qualified small-business stocks provisions. how important are they to startups? shila: thanks for having me. enter capital as a catalyst for change across the entire u.s. it's important for all of us, so i think people have some questions when they hear named hedge funds. they are talking about big names and not considering me folks like me, who are raising a diverse fund in this space, for underrepresented entrepreneurs. now, there is a tax being considered on wealth that would tax it as ordinary income.

business, revenues were up year-on-year. profits are up 30%. we are continuing to invest heavily. we set up a new life insurance venture called pinnacle. already up to 500 advisors in that business. so for us, we continue to be very bullish about the long-term growth opportunity in china. yvonne: that was the hsbc chief financial officer speaking with bloomberg's manus cranny. coming, australia's minister for trade, tourism and investment, as the country makes a push for its green economy. this is bloomberg. ♪ ♪ david: welcome back. just going to take you through these markets. we did get the interjection out of the pboc, the phone call that took place. we have details of that out of liu he and the u.s. treasury secretary. we had gross domestic product index coming out, half of the median estimate quarter by quarter. and a lot of earnings out of india, we will watch that as a theme closely. apple futures in china. we have been tracking this morning. have a look at how this looks over one month. we have it on the bloomberg. we are retracing lower on the back of china, may be looking to cool further. this market, planning new limits on c

our new website will better represent the port as a place to visit and do business with and to work with. new website sections are dedicated to visitor information and business ventures. the site is intuitive and easy to navigate for the public. could not come at a better time as we welcome thousands back it our waterfront to do business with us. thanks to kelly mccoy for leading this effort. this concludes my director's report. i want to wish you all happy indigenous people's day which was yesterday and go giants. >> president brandon: thank you so much director forbes for your report. we'll open the phone lines to take public comment on the executive director's report. members of the public who are joining us on the phone, anyone on the phone like to provide public comment. >> thank you. at this time, we will open the queue for anyone on the phone who would like make public comment on the executive director's report. please dial star 3 if you wish to make public comment. the system will let you know when the line is open. comments will be limited to three minutes per person. the queue is now open. please dial star 3 if you wish to make public comment. at this time,

business venture. he is launching a new social media platform which he's positioning as a new right-wing alternative to he is band. luckily for the former grifter in chief, a newly popularized fad on wall street has enabled him to gain quick access to hundreds of millions of dollars. it's called a spac, a special purpose acquisition company. it's basically a firm that goes public as soon as it can and raises tons of cash from investors in hopes of merging or acquiring a yet-to-be-determined private company. a shell company that starts with no actual underlying asset which then goes in search of one. investors in the spac, generally speaking, have no idea exactly what the underlying asset will be when they put in their money. this week a bunch of spac investors found out that their money is supporting the former insurrectionist president's latest endeavor. joining me now is a staff writer for "the new yorker." and the author of "black edge." also with me is tim o'brien, a senior columnist for "bloomberg opinion" who quite literally wrote the book on trump. scheelea, let me just start with you. a lot of

terms of its role in society and also has a diverse portfolio of business interests but it doesn't need to rebrand in order to pursue new ventureso and i think your point is excellent. amazon can put people on the edge of the earth's atmosphere and produce blockbuster content and movie under a brand name that for many people still defines clicking on their computer and seeing a box arrived in front of their door and with facebook, at its peak it was seen as a technological leader and could have been stretched to cover it, so there is an idea that it's an interesting thing to try but it wasn't necessary to drive the business board. he could have laid out the vision and talked about how facebook and partner companies would achieve it. the existence of a meta verse is something in science fiction. and a betrayal of a dystopian future, so do you think others will share his view that this is actually a utopian ideal7 view that this is actually a utopian ideal?— view that this is actually a utopian ideal? it's looking a lona utopian ideal? it's looking a long way — utopian ideal? it's looking a long way down _ utopian ideal? it's look

blue origin is part of a new venture called orbital reef, described as a low orbit space station to be used as a mixed- use business park. it is aimed at research, industrial, international, and commercial customers, the team includes boeing, sierra space, and some universities which plan to have the facility up and running by 2030. >>> the founder of the shape or company spanx is now sharing the wealth , sara blakely just sold a majority stake in her company to the global investment firm blackstone. the deal values her company at $1.2 billion and she figures there is plenty to go around. >> to celebrate this moment, i have purchased each one of you two first-class tickets to anywhere in the world. [ cheers and applause ] >> your each getting also $10,000. >> that is some pocket change. cheering, crying, some in disbelief as everybody is celebrating the gift emboss. she is seen here on cbs mornings founded spanx in 2000 with $5000 in savings you earn by selling fax machines . under the new deal, she will maintain a significant equity stake in the company and becomes executive chairwoman on the board of directors. g

i just wrote to news later we published later this week, we're talking about a family, and how they ran their business, and how parallel it is to the way venturecapitalist sack today, in terms of the division of the stop between the money, and the people to in the work. it's just about the same. it's like 15 century, which was the surprise to some people. >> and is there any significance to the 160 recommendations? >> i just ran out of steam, and pages. i put down 160, cut it off their. i could do 1000. i always invite people to email me. hit contact on one of my websites, or hoover's world, the other website. and ask, what is a good book on this? if it's in my areas of interest, usually, i will fire right back within, usually, an hour to. but, sometimes 24 hours, if i'm traveling like i am now. i can give you a list of books. sometimes a room to my library, interpret checked the office, and titles. but, you know, i started what i thought was it most importantly. i would say, i buy very few best sellers. you know? and by relatively few current books. i do by recent publications. but, huge chunks of my library are pre 1970. and, a decent chunk

new television network opens for business. cnn. cable news network. >> you're throwing all the dice on this one. >> why not? nothing ventured, nothing gained. and there was no way that you could do it watching the regular television stations. news only comes on at 6:00 and 10:00. but if there was news on 24 hours, people could watch it any time. >> we decided on june 1, and barring satellite problems in the future, we won't be signing off until the world ends. >> it was a wide belief, this was a fool's errand. how can this possibly find an audience? well, he did. >> ready camera 3 -- >> good evening. i'm david walker. >> i'm lois harp. now here's the news. president carter has arrived -- >> television news before this was stuff that had already happened. for the first time, cnn brought the world to people in realtime. >> cnn, the world's most important network. >> i didn't do cable news network because somebody told me it couldn't be done. i figured it was a very viable concept, and i went ahead and did it. it was after we announced that we were going to do it that the detractors showed up. >> is cable news network just going to be a new me

businesses who tend to get larger loans from big banks from regional banks and private equity and, in fact, joe, you know, new numbers from crunch nazi shows that latino businesses have gotten 1.7% of venture same as last year when you think of the fact that latinos make up 18%, nearly 19% of the population, less than 2% of funding. that's a real gap. >> problem nose those numbers the minority businesses, in general, and we've talked, you know, we have john hope brian on all the time a handout versus a hand up i wish the government could figure out ways of providing capital in the old you know fishing rod versus a fish. that's what we should be doing, providing capital, where there is a will to be a success. >> we're also talking bringing more people into the mix when you look at dloeloitte numbers, you look at capital firms the numbers are in the single digits for people of color. when are you not letting people in the door to help them make the decisions. >> right >> this is what happens. >> but you know we do we're hearing j. powell is way too lenient with regulations i don't know if lenders are, too, feed to be even more worried about capital requirements and that's what we need to wor

emily: you launched a new venture arm to invest in emerging financial technology, on the list is crypto. i'm curious how much you think crypto will play into the future of intuit's businesshow excited you are about these emerging but unproven trends. sasan: first of all, we love emerging and unproven trends because some will work out, someone not. it's important to intentionally place your bets on the future. it gives us the opportunity to pick great talent. we believe crypto and blockchain will play an important role, however making sure everything we do is about making customers manage their cash flow and be able to feel success, but they are going to play an important role. emily: speaking of empowering individuals, there have been reports that employees were not happy because they were told the company was never going to sell, not given the same kind of equity that typical startups give out in silicon valley. how are you responding to this? cap you thought about any to resolve this? sasan: we have. one of the things where excited about is mailchimp employees just like all intuit employees can participate in our equity plan. as they do amazing work, they are able to p

could mark the start for our china business following their 17 year joint venture according to goldman sachs. an internal memo seen by bloomberg newsirmed by a goldman spokesperson. we see them continuing to double down when it comes to the chinese market. they got in approval for a wealth joint venture in china as well. let us get you the stocks we're watching this hour. sophie? sophie: keeping an eye of the shareholders here in hong kong, they have outpaced their singapore arrival over the past year. this leading into a shares derivative trading. goldman capping a 5% boost to the revenues by 2025. they expect a limited earnings upside in the near term but they will post a bigger earnings downside risk to the singapore exchange. shery: let's take a look at the yield space. we are seeing that global bond selloff continue. u.s. treasury market over the point spread falling below that 19 point basis level and lowest since may 2020. we see the momentum in favor of that flat near. the 10 year government yields rising to 3% for the first time since july. we have those numbers out of new zealand. jumping at the fastest in 10 years. sendi

response to a venture capitalist who openly wondered about the prospect of living silicon valley to miami. this started a new boom of sorts in a state known for real estate and hospitality businessesore than it tech scene. at the miami mayor is betting big on a growing tech community, especially crypto, announcing the city's own crypto currency, miami coin. let's get all to this now with the mayor who joins us live from miami. thank you for joining us. i want to start with your sales pitch. as a tech destination, what do you think miami has on silicon valley right now? >> we have a lot of things. we are number one in the nation in new tech jobs, number one in the nation of new tech job migration in the last two quarters. we've done over a billion dollars of tech closings of venture capital deals, which is about a 200% increase pre-pandemic. we moved about a trillion assets in the city of miami and created over 8000 jobs, and average salary of $120,000. we have a significant runway for growth which is missing in some cities in america. we can grow 10 in our physical landscape from what we are today. many urban cities in america cannot say that. emily: miami is still well behind san

business, per's the after revelations about the high profile hotel here in washington. cnn's brian todd has the story. >> reporter: new information tonight that donald trump's celebrated washington hotel was not the successful venturerding to the house oversight committee trump's company reported in financial disclosures that the trump international hotel earned more than $156 million in income between the 2016 opening and last year. but the committee has just released documents saying that the hotel suffered a net loss of more than $70 million in that period. how did they lose so much money? >> the math never made sense why the problem is they couldn't fill the rooms. no shortage of pro trump fans at the bar and embassies and other groups going to the banquet rooms but the guest rooms sounded like they weren't renting. >> reporter: this year in a weekend stay a cnn employee who shot this video and took still pictures observed few guests at the hotel. hallways elegant but empty. elevators up and down a handful of times. the house oversight committee documents say the trump organization had to funnel more than $24 million from other parts of the company to the committee says its analysis of the financial documents s

new age of productivity thank you, madam secretary >> guys, have a good weekend >>> covering quite a bit of ground there we got a bit of optimism on supply chain. >> remember, she is a terrific business person. ventureefore rhode island, breath of fresh air, a true businessperson. i think that that notion, the same analyst said is possible, would be so incredible, because the port series we just did, showed you by christmastime we won't have what we need. i think what she just said could be a major break by the way, we're going to get the foundries done. >> interesting she mentioned talking for a number of ceos, but it's going to take year. this won't happened just next quarter. >> we can get the equipment -- >> how many years will it take to actually increase chip capacity to a meaningful amount? >> i will get this done. >> really? you're going to have to stop making movies. >> tom caulfield, he's on board. i know gm needs the chips. i know the companies -- >> far be it from me to doubt your ability to get things done, but i think it could take years. >> there's no harm in trying. >> no. >> in my metaverse i'm going to get it done. >> will you look into nuclear fusion for me, too >> it doesn't work

new york, texas, california and texas, you saw tesla move its headquarters out of california you can't do business in california anymore i want to go back to something john said, the government is a terrible ventureit gets wasted i want to talk about policy not politics what happens here, these record tax revenues are a result of making america competitive in its tax rate corporately you just heard the ceo talk about being uncomplettive in a corporate tax environment. it really stops people from investing in america right now as we speak, joe, bill gates is sitting with boris the prime minister of england. why? not no see the change of the guard. he wants bill's money. he wants bill to invest in a competitive england. the biden proposals take the middle of the g-20 to the highest ever we would be the number one taxed jurisdiction but the insanity of that is was because at the same time you are raising personal taxes of the people i said this like a mantra, in new york, in massachusetts, in california andother states lik new jersey, they'd be the highest taxed people on earth. why would do you that to an economy that just generated the most tax revenue in history as a percentage of the gdp in the

business in china regulators giving the company permission after it sought approval to increase to 51% stake it holds in december. the ceo saying it's a new chapter in the second teen-- team year venture did not disclose how much they will be paying for that. a haitian gang is accused of kidnapping 17 missionaries and five children off from the u.s. and canada. ohio-based organization, christian ministries said the group was abducted after visiting an origin-- orphanage and the state department saying it's aware of the reports" the welfare and safety of u.s. citizens abroad is one of the highest priorities of the department of state. markets this morning are lower. a decline of about 100 points. this is a b-- big week ahead in terms of earnings as well as the supply chain crisis waiting on markets. we have the s&p 500 down 15 and nasdaq lower by 52 with a bottle neck issues and labor shortages that may be difficult for supply to keep up with the demand. high inflation rates impacting consumer spending. the price index up. "wall street journal" survey shows these issues will continue into the new year, which you heard first year from-- watch. >> as we move forward towards 2022 we will