richard branson has stars in his eyes despite a crash. he'll tell us about his newest mission to face. i'm david shuster in for ali velshi, and this is "real money". ali velshi was there speaking truth to power. vel the issues were serious and of course global security was just one of them. one of the attendees was former prime minister tony blair. he has faced criticism for supporting president bush's attack after 9/11 and as yemen descended into turmoil, ali spoke to the prime minister about it all. >> i recently talked to a general who wrote a counterinsurgency manual, he helped train the folks who trained the iraqi security forces to manage a counterinsurgency. and we saw that collapse in a year. i asked him, he felt the mistake was pulling those troops out too early. i said how long at the current rate and if we try and fix this how long are we going to be in iraq? lifetime, he thinks we'll we'll be in iraq for the next 50 years or so. and dick cheney says the pulling out too quickly has resulted in where we are in iraq. >> it's too

and richard branson talks about moving forward in the wake of a tragic setback in the business of space. i'm david shuster in for ali money." ♪ >>> and we're following the breaking news coming from saudi arabia tonight. according to the country's state television, saudi arabia's king abdullah has died at the age of 90. the king one of the most significant players in the middle east and the global economy had been in the hospital for several years suffering from a lung infection. his brother is being tasked to be the next king. but king abdullah's passing is still momentous. mohammed has more. >> reporter: he was one of the world's few remaining absolute monarchs, but his years as crown prince might have marked his legacy even more strongly. at the time he was crown prince but a tremendous amount of power and influence. he was known as devout and conservative with strong ties to the country's bedouin ties. change. >> he has inspired a greater openness in two particular areas, in -- for women and in freedom of expression. there is an outburst of social criticism and also of government pol

. >> ali velshi with the one and only richard branson. crazy people unite. >>> coming up next president obama wants to increase cyber security, but are we willing to pay the price? 3w4r57 3w4r57

richard branson is the name sir richard branson and the book is "the virgin way everything i know about leadership," and he does know about leadership. agree or disagree with his style or politics, the fact of the matter is that when average folks across the globe were asked who they would really like to work for, who would just be a cool boss sir richard came up. number two was rupert murdoch. anyway. richard branson back with us and a lot of his leadership style is pretty much don't be a jerk don't be dicktatorial, don't shout at your workers, but it's more than that. you believe in unlimited vacation time. you believe that throwing a lot of rules at workers they're not as happy, productive, sfwhoetboth? >> most of our life is spent at work so it should be interesting, it should be entertaining, it should be rewarding. that's the virgin way. that's wait we treat our people. as a child, you know, if i criticized somebody, my parents would send me to the mirror and ask me to stand and look at myself for five minutes because they said it reflected so badly on me. so we very much go out a

. >> a great lineup with richard branson. >> i will be speaking with sir richard branson about his latestelping to create the largest ever satellite network. i will be speaking to the former senator from new hampshire, judd gregg. that is coming up at 3:00. in the former football player -- some interesting hormone therapy treatment. >> we want to look at that. 3:00. stay with us. more on the markets when we come back. ♪ >> get the latest headlines at the top of the hour on bloomberg radio and on bloomberg.com. that does it for this edition of "bottom line." thank you so much for joining us. i will see you tonight at 5:30 for "taking stock." >> it is 56 passed the harvard bloomberg television's on the markets. the swiss franc is in the spotlight. -- it is 56 passed the hour. investors bet mario draghi will give full blown on his. u.s. stocks have settled into a fit day of decline -- fifth day of decline. more conventional catalysts. disappointing bank earnings. the xlf trading at a three-month low. joining me today for today's sector report is the chief strategist at rhino trading partners

you're linking up with top shelf guys like richard branson and qualcomm to launch what could be an alreadyexplain what you really dream of doing here. >> so this has come from a long time of spending time on the ground in emerging markets and looking at the impact of the internet and communications on people's lives. and when you look at the world, most of the world doesn't have connectivity. about half of it, so 3-4 billion people who have virtually none or very limited connectivity. if we can bring access to these people, if we can get them online, then they can be educated, they can grow economically, their societies can grow, and their health care can improve, and it's really good not just for them, it's good for us as a world, and -- liz: who are we talking about here? antarctica? kenya? the outback in australia? how remote? will these get everywhere? and in essence, as i understand it, you want to send up, what, some 650 micro satellites to swurl around the earth about 750 miles to give everybody access. >> yes. so we have a plan, our phase one plan includes about 650 satellite, and

richard branson arrived on the scene visibly shaken. man who spent most of his life smiling for the cameras this time was different. he wondered if it was worth pursuing his dream of commercial space tourism but virgin galactic is pushing on with big hopes for 2015. ali velshi sat down with branson at the world economic forum in davos. >> every time we've spoken you give off such positive energy, you seem well, except for that one day when you got to mojave. in your interview it was palpable. i understand some of that was there was human life lost. we all know in space in early days that will happen and everybody's prepared for it, there is a sadness in you and what is it all about? >> obviously for the family involved it is heartbreaking. they'll never completely get over it. and for the greater family, 400 engineers and scientists who have been working hard on the project for many years. they've had to get over it and they've had to just look forward and pick themselves up and get to work. and that's what they've done and i would say

>> richard branson multibillionaire. paul allen. multibillionaire. jeff bezos. multibillionaire. larry page. multibillionaire. elon musk. >> elon musks, the jeff bezos, the paul allens, myself diamandis, all of us who are in this cause right now, i believe, come from a place of hope and possibility. >> rick tumlinson is the ceo of deep space industries, one of two asteroid mining companies in the us. >> several of us were sitting in the room, it was about 1986 1987. we pledged our lives and fortunes to making the human breakout into space happen in our lifetimes. we called it the benevolent conspiracy. well, that same group of people are still involved today and we're making it happen. >> what will tomorrow look like? our world is at our limits at yet we all want more. and why not? why shouldn't the future be better than today? >> but he prime directive of all these companies that you name seems to be profits. but the way you speak about it is like this... >> no buck, no buck rogers. nobody stays until somebody pays. it can be you the taxpayer, and that's wonderful, thank you ver

and what's richard branson's doing with virgin galactic is really hard. he's taking a financial risk and other people's lives at risk. >> he reached down to you. >> it's a extremely large responsible to shoulder. i spoke to him just after the accident just because of the background i've had and what i was about to face with the accusation he and the grieving of the families and how to recognize that this is not -- this is not completely unknown in the lives of test pilots, you know. it's something that happens when you're pushing the edge of the envelope. someone had to figure out where the edge was and if you want it to be further away you have to take a risk. >> do you think the u.s. is investing enough in nasa, in the space program? >> enough is, you know, i would love the budget of anything that i'm working on, whether it's my household or any organization that i support, i'd love it to be increased. it's easy to say nasa's budget should be doubled or why are we, you know, fighting a war why are we doing this when we could be doing that? i have huge r

create elders, a group of elder peace. >> you were having a conversation one day with richard branson, and you -- it seems like your -- you have these moments in your life where you decide that change is required and you are going to go really big with change. this yd of the elders? >> yeah. >> came up. >> yeah. >> tell us about the elders for those who don't know. >> it's sort of a naive dream, you know, like you can get a bunch of super heroes and sort out some of the problems, but the serious aspect of it was that wisdom is the neglected commodity in a way. you know, people go through life, a ton of experience, and we sort of push them off to the sea and into the unknown. and there is something there that could be gained. the dream, i think, was that if you could find elder statesmen, states women, that have extraordinary lives behind them but are no longer interested in their own personal agrandizement, career or whatever but trying to get it right for the future and you can make connections with young people action young and old could apply a pincer movement on those in power as

then we have sir richard branson. he's going to be joining us.ork. so we've got a lot to come. we'll be back. . >>> they have been all over the map. we saw the dow futures up about 150 points and then the national bank stepped in. they removed the peg they were tying themselves to the euro with. they had exchange rate between the swiss franc and the euro at 1.2 swiss francs to the euro. that the bank would no longer stand in the way. that the franc wanted to go sharper up. we watched futures fall by 150 points. they've been bouncing back and forth since that time. the dow is up about 18 points. the s&p up by 1.5. you haven't seen anything yet. watch what continues to happen this morning. >>> home builder erer lennar out with earnings this morning. lennar sold homes at higher prices. revenue was essentially in line. that stock looks like it's up about 1.6%. also economic data on tap today -- i thought i was done sorry. at 8:30 eastern time we're going to get weekly jobless claims the producer price index, the empire state survey. >> you're never d

becky sat down with sir richard branson and will.i.am but the two shared common ground when it comestphones they choose. take a listen. >> iphone or blackberry? >> i've got a blackberry in one pocket and trying to see if i can enjoy the iphone in the other pocket. >> i have a ipad under -- on my leg, and i have a blackberry in my pocket. >> okay. >> and you can catch the full interview at davos.cnbc.com. head to our facebook page where you get in on the action. later we'll sit down with sheryl sandberg and mylinda gates. log on and submit questions you want asked. >> i liked richard branson is trying to enjoy the iphone as he puts it. always a way with words. >> yes. >> we have a couple minutes before noon time on the east coast. a look at a couple corners of the market for you today. first off, the vix, the vix has fallen about 9% on the back of that ecb decision that's been moving the markets all morning but the reason why that's important is because the vix is the single most important indicator when pricing an ipo, 17 still considered a little bit more of an elevated number than

so richard branson, thank you very much for talking us through that.ations once again. >> thank you very much. >> enjoy your time at davos. global inequality is one of the things being explored at davos as we were hearing from richard there and part of the theme "a richer world" where we will have a series of more programs and documentaries coming over the weeks and months on "bbc world news." we want you to get involved as well. you can follow our coverage on your mobile tablet computer even on the television old-fashioned style. go to bbc.com,/richer world. tweet us using the # the #bbcricherworld. is there a chance to bridge that gap. >>> it's not an easy one, is it? >>> first of all, let me bring you up to date with some news. in the last few hours, prime minister shinzo abe has arrived to take on the challenge and response to islam misists demanding $200 million for two kidnapped victims. >>> and the british iraq inquiry report will not be published until may. it was expected to report within a year. the complexity of the issues has led to several

and then i read a book about richard branson. the truth is i just wanted to be an entrepreneur. >> you became quite the celebrity on the atlanta hip-hop scene. ludicris and cee-lo were going to your parties. you threw a party for brittney spears. >> i was a good party promoter. it got to a point where i was not throwing their parties. they were going to mine. >> when was your big break? >> giving me an opportunity opened up a whole world for me. but it could have been steve rivkin. he was the first person to give me a record deal for asher roth when no one did. >> in the early days, how were you looking for talent? >> everyone thinks that every act i have ever signed has blown up because we have been on a crazy run. but i had to learn the hard way. i failed. >> what is the myth of scooter braun and what is the reality? >> the myth is that i plug them into this machine. it is hard work. every single day is hard work and i think there was a point in my career when i felt i had done such a good job that i went from being ok scooter

. >> richard branson has a private island. steve ballmer is buying a sports team.k benioff gives a lot away. what do you do? with all of the money you have made? >> most of it is still in linkedin stock. because i am building the world with linkedin. i serve on a number of different nonprofit boards. and kiva and endeavor dosomething. i try to finance projects that i think are interesting. >> are we going to see you start something else? another company? >> probably not. founders,s a and seed i work pretty closely with them, but there is a long way to go with linkedin. i would say that is unlikely. although you will see me partnering with a bunch of great young entrepreneurs, and trying to help figure out how to build something big. >> reid hoffman, thank you for joining us. it has been a pleasure. >> thank you. ♪ . . ♪ >> i am here in the heart of london square mile for a leaders' lunch like no other. top powerbrokers join me at the table for the year ahead. it pays to know where the opportunities and dangers lurk in 2015. who best to tell me than a banker, an ins

john kerry, richard branson, and bono allstate here last year. it is guarded by swiss soldiers.ugh to protect it from bankruptcy. where does it go wrong? other than the week of the world economic forum 216 hotels struggled to fill its beds. even the local authorities diver a planning fee without a guarantee. this is one of a few resorts they pumped money into the site. the hotel has lost 6% in value. bankruptcy proceedings are ongoing. while it is fully booked for the week of the forum, -- >> it's going to be quite a week. we are heading over later this afternoon. we will take it in life. we will have a count to discuss what it means for 2015. larry summers will join us for a packed panel on thursday. >> right. this is what we need to watch for the rest of the day. we are gearing up for the state of the union. >> tomorrow night we are already talking about it or it last year it was watched by 33 million people. nonetheless, 33 million people is an accomplishment. he has taken a different approach to this year's address. they laid out most of what he is going to say. the approach

[applause] >> richard branson started work at the age of 16. ? and started an apprenticeship at 14. all successful. they amassed success and at a young age. do we have these skills? the government claims that our education is more diverse and prepared for life than ever before. yet 76% of employers say we are not ready for work. schools want us to quote shakespeare. if the primary point of education is to help us were why -- earning the bridge between education and work. now, 57% of companies say that young people lack communication and teamwork skills. why is this? school is structured where you are surrounded by people your own age. life is not like this. in the workplace, you must work with evil of all ages and all backgrounds to get the job done. would you learn to drive a car through? theory? would you like to play football from a book? you learn these skills by actively doing them. so why do not have learned work skills through actively working? create a program around requiring skills, goals, and networking to work experience has the capability to inspire young people and giv

.' >> richard branson has a private island. steve ballmer is buying a sports team.benioff gives a lot away. what do you do? with all the money you have made? >> so, most of it is still in linkedin stock. because i am building the world through linkedin. i serve on a number of different nonprofit boards, like kiva and endeavor and do something. i try to finance projects that i think are interesting. >> are we ever going to see you start something else? another company? >> probably not. you know, with series a and seed founders, i work pretty closely with them, but there is a long way to go with linkedin still. so i would say that it's unlikely. although, you will see me partnering with a bunch of great young entrepreneurs, and trying to help figure out how to build something big. >> reid hoffman, thank you so for joining us. it's has been a pleasure to have you on the show. >> thank you. ♪ >> he is the provocateur behind some of the big ideas of our time. a creator of a sort of pop science. an unofficial, but incredibly influential set of laws that govern human behav

we will be ahead on our forecasts. >> and richard branson has proven once again the value of a great and. it has been revealed that branson's companies charged virgin australia about $82 million in licensing fees in the decade after 2013. that is more than the airline has made in profits since its i.p.o. in 2003. >> a little bit of breaking news. eventually the germans have license to be late. it is deutsche bank, their fourth quarter numbers. net income comes in at 438 million euros. the estimate was for a loss. quite a considerable turnaround here on the estimates. there was a loss estimate for the quarter of 341 million. they will be pleased with this. there is the securities part of the business that he is trying to focus on. whether he scales up or scales down. debt trading beat the estimates at 1.15 billion euros above the estimates of 1.08. equity trading beat the estimates. loan losses are down 369 million francs. that is beating the estimate. you are seeing debt and equity businesses doing better than estimated. loan lowses are down relative to what the mark had estimated. a

. >> the dev us -- the dow posts -- the davos known as the golden age, the likes of richard branson andstayed here last year. every january it's guarded by swiss soldiers. but it mean a be enough to protect it from bankruptcy. so where did it all go wrong? other than the week of the world economic forum, 216 room hotel struggles to fill its space. hard to believe it could fail. one of just a few five-star hotels, credits respond $152 million into the site. the hotel has lost 6% in value. bankruptcy proceedings are ongoing. while the inter-con is once again fully booked for the week of the forum. >> coming up, crude prices have halved but it could fall further to $40 a barrel pretty soon. our group discussion next. ♪ ♪ >> welcome back. of course, today, the big news china omitting because the government cracks down on speculation investment. is that the big move right now? >> absolutely. there was an enormous amount of liquidity pumped into the securities firms and they turned it around and did not always do it the way it is supposed to be done. so margin calls at certain points are nece

and richard branson talks about moving forward in the wake of a tragic setback in the business of space. i'm david shuster in for ali money."

i sat down with richard branson and will.i.am to cover everything from smartphones to tesla.ch the full interview on davos.cnbc.com. then check our facebook page. and later this morning we'll sit down with sheryl sandberg and melinda gates. the lightest or nothing. the smartest or nothing. the quietest or nothing. the sleekest... ...sexiest ...baddest ...safest, ...tightest, ...quickest... ...harshest... ...or nothing. at mercedes-benz, we do things one way or we don't do them at all. introducing the all-new c-class. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> welcome back to "squawk box." look at the futures. we're going to get the ecb statement in just a little bit. we'll see what that does. but right now dow up higher 39 points. s&p 500 looking up as well by 4 points. headlines for you. travelers expecting better than expected revenues this morning. shares trading slightly higher as well. >>> let's take a closer look at the state of the banking industry. and who better to ask than our next news maker. bob di

richard branson has stars in his eyes despite a crash. he'll tell us about his newest mission to face. i'm david shuster in for ali velshi, and this is "real money".

richard branson, alan sugar both started work at the age of 16. jack: started an apprenticeship at 14. all successful because they immersed themselves in work at an early age, acquiring teamwork and communication skills. do we have these skills? the government claims our education is more diverse and better prepares us for life than ever before, yet 76% of employers say we are not ready for work. schools want us to quote shakespeare but employers want us to have skills. it is the aim of education to prepare us for work. how did these two things become so detached? work experience was made optional in 2012, burning the bridge between education and work. now, 57% of companies say young people lack communication and teamwork skills. why is this? school is structured so you are surrounded by people your own age. life is not like this. in the workplace, you work with people of all ages and backgrounds to get the job done. would you learn to play football from a book? you learn these skills by actively doing them. so why do we not learn work skills thro

ali velshi will have an interview with richard branson. it's not a bad idea to invest. $314billion global market that has predicted to double by 2030. ali velshi has more. >> it's a question too tempting for some tech billionaires and venture capitalists to ignore. >> it's a return on investment of a whole new world. >> rockets and spaceships, satellite and asteroid miners, and even 3-d printers, space is the new frontier for innovation. >> space is about two things. exploration and then it's about how do you go and exploit it and profit off of it. >> in the last four years the u.s. commercial space industry has experienced aor boom. global government spending on space is decreasing as the commercial sector grows. of the $314 billion global space industry the united states spends $74 billion in the united states. $17 billion goes to nasa. and $122 billion goes to commercial space products. $117.5billion goes no into space infrastructure. >> we will work with a growing array of private companies looking to make getting to space easier and m

>> rob griefeld, richard branson. i know anthony likes the substance of this place better than me. think the substance of this place is tiresome. liz: it's the first day, charlie! what do you mean? >> i'm a virgin here. >> you did a little research on the panels in the past, it wouldn't be all that much different than the panels are now. liz: you were on one this morning with the bank of china. >> the board of -- the head of the governorship of the bank of china. liz: that's huge. >> the deputy prime minister of russia, kenneth rogov talking about the new volatility. what's interesting is what we found in davos. riz was saying the same thing, whatever the consensus is here, do the opposite. as an example. 2007-2008, stable market environments and the world dime an end. in 2009, all of davos super bearish and had the greatest bull market in the last 80 years. >> they are contra indicators. >> and the consensus low growth. very likely a ghost in the machine and faster than they expected. >> i'm going to see jamie dimon on thursday. i would wish he hosted a panel. i think we need capi

only company investing in the final frontier, facebook researching similar projects and virgin's richard branson put money into a competing satellite company. joining me now, colleen taylor. great to have you with us. let's start with google, we know their goal is worldwide internet access. explain why they would look toward spacex with this billion dollar investment. explain this potential partnership. >> this is something that google has been looking at for a long time, as you mentioned, worldwide internet access is obviously something google has a lot to benefit from. if you look at the maps that have the internet access points throughout the world, there are entire continents that are pretty much in the dark right now, you know, africa, south america. there's a lot of opportunity here. but there are structural issues that have made it difficult for them to get a lot of access thus far. something like space satellites could really allow them to leapfrog a lot of the structural issues of putting broadband internet access, you know, terrestrially on the ground. if we make this extraterrestrial,

richard branson, founder of the virgin group is there seeking support for his plans to launch a majorhe spoke to my colleague about it earlier. >> there are people in the world that don't have access to the internet or have a mobile phone or wifi. what we're planning to do put up a very large array of satellites around the world which would give many of them the chance to get internet and wifi access and have internet access you can get educated. if you have a mobile phone, you can start a business. we think -- we think it's going to be a very worthwhile venture. >> which countries in particular are you targeting and which age brackets and wage brackets are you targeting? >> we're really targeting anybody in the world who currently doesn't have internet or have mobile phones. in some of the poorer countries of the world that's a lot of people. and in richer countries, people who live in rural areas. the network will be global and we'll talk to individual countries and, you know, find out which ones would welcome us and which ones won't. i think most will actually welcome this initiati

and richard branson talks about moving forward in the wake of a

. >> you may recall richard branson announced something similar for his company, he would work with one web to create more than 600 satellites to deliver internet. branson and one web really have an advantage over google in that they have the rights to the radio spectrum. >> i need you to lower your voice because we're going to wake the baby. >> the doll? >> the baby. looks almost as real doesn't it? >> just about. >> given the fact that we shoot tv in hd i just i'm shocked that anybody would think -- >> where he gives it away is where he sets the baby in the cradle and the head stays the same. >> he doesn't have kids of his own yet. >> probably didn't know. >> b.a.r.t. riders it is going to cost you more to park at several stations. they're hiking fees by 50 cents at 15 different stations. the raises will take advantage in bay fair freminute, pittsburg, bay point, and richmond hills. you're going to dig for coins as well as union city and walnut creek. >> next monday parking fees will increase by 50 cents at 13 other stations. we'll give them to you then. >> more trouble, meanwhile, fo

catch conversations with richard branson, will.iam and apollo quay lo. >> kwoths has breaking news onbalife. >> pull up shares of that company because there's been speculation over the last couple weeks ability the position of one of herbalife's largest share holders. bill is the chairman and ceo of post and he has an 8.2% position in herbalife. i can tell you is according to my sources is that bill has not sold a single share that he has in herbalife. in fact, as the stock has pulled back in recent weeks, he actually bought more, but not enough to cause a filing in the stock. sources also tell me that his confidence in herbalife's business model said to be greater than it ever has been. the headline is two fold. not only has bill stirits not sold his stake, he's used the pullback to buy more. not enough to cause an sec filing but more evidence of his belief and confidence which i'm told is said to be greater than ever in that company's business model. you can see herbalife shares, down about 2%, just a short time ago, are now up almost 2 and the volume is picking up. interesting news

richard branson wants to bring high speed internet to everybody and he says he's got a plan. >> scottmcgrew filling space with satellite. >> he's excited about this this morning, guys. you have to be careful when it comes to branson. he sometimes gets a little ahead of himself. he announced a plan to launch hundreds of satellites, a constellation he calls t using virgin galactic's launcher one system, a system they haven't launched yet. >>> san jose federal judge court lucy ko has to decide whether the millions is enough to settle for google, intel, adobe and apple conspiring of keep wages low. the lawyers agreed to the settlement but ko has to sign off on it. the last time they tried to settle for 34 the judge said it wasn't enough. they don't want to go to trial, this is embarrassing in the past. to give you an example google e mailed steve jobs saying they were going to fire a google employee for trying to fire an apple employee and steve jobs answered back with a smiley face. >> not casting a positive light on his legacy either. thank you very much. >>> what will your legacy be fo