it reminded me of richard branson many hands. it reminded me of richard bra nson many years hands. reminded me of richard branson many years ago taking virgin back into private hands because he found dealing with shareholders and investment banks... not the pressure but he found he could do what he wa nted but he found he could do what he wanted with his company. elon musk is going through a similar pain journey. elon musk is a very prickly character. telling reporters they asking stupid questions... investors asking stupid questions... investors asking stupid questions. he was thinking of taking tesla private. he has rowed back on that but there have been so many short sellers, a quarter of shares... not that long ago but it was a full time period. they have apparently made money from it. it almost seems that his comments have not quite worked but backfired. it will be interesting to see what happens with tesla because it is an interesting and well watch brand. the product is good but the issueis brand. the product is good but the issue is profitability. the times of india on the

why not branson? richardi was 15 years old, 16 years old, we were sitting in the basement with a bunch of girls. we were throwing out ideas. we got down to either slipped disc records, because of the black records, vinyls, that had the scratches, or virgin. one of the girls laughed and said, we are all virgins, you are a virgin at business, why don't you call it virgin? david: did she get a finder's fee or not? richard: i don't know. if she is out there, i would be delighted to give her one. but it is very fortunate because we have gone into so many different sectors and businesses. we have been virgin in all of these different sectors. slipped disc airlines would not have been good. david: you started a record company, and initially it is a record retailer, right? richard: initially it was a mail order, selling records much cheaper than anyone else had done. we were the first people to sell records at a discount. so there was a mail order strike for six weeks, so we went looking for a very cheap music store

why not branson? richard: i was 15 years old, 16 years old, we were sitting in the basement with a bunch of girls. we were throwing out ideas. we got down to either slipped disc records, or virgin. one of the girls laughed and said, we are all virgins, you are a virgin at business, why don't you call it virgin? david: did she get a finders fee or not? richard: i would be delighted to give her one. it is very fortunate because we have gone into so many sectors. slipped disc airlines -- david: you started a record company, and initially it is a retailer, right? richard: we sold records much cheaper than anyone else had done. there was a mail order strike for six weeks, so we went looking for a very cheap music store on oxford street. david: then you started filling virgin megastore's. you have a lot of stores in the u.k. and other places. how many did you have at one point? richard: we had 300 mega stores around the world at all the major places, new york times square. at the heyday of when music was trendy, be

jeff bezos of blue origin, richard branson who runs virgin galactic and bob bigelow. we'll get to see if private industry can restart the space race and do it better and faster than the government did. jeff locke is in chicago, home of boeing on the money to be made. whether we see the space force the present from his talk about get folded in here? reporter: i think that could happen. i applaud you for making this lead story because i think it's a cute story. it's what they call today a new era in us space travel. back in 1966 at the height of us spending on this we spent almost 5% of our budget on space trav travel. now we spent less than half a% but, as you report, can we do better now? today announced the four crews, four two-man cruise, two-person cruise i should say, they're not all men, that will now going to space again from a us launch rocket, commercial rocker. let's listen to these folks were excited about what is coming in us space travel. >> been able to launch to the international space station from us soil, i can't imagine a better honor. we are ready. >

his new article rocket man profiles the pilot risking it all to make richard branson's vision a realityn the new issue of "the new yorker" and it is fascinating. as we look at all of it, it's fascinating because you spend four years there at virgin galactic and the messaging is much different at this point than what we heard for years. in fact, it's much quieter. you said in your entire there you sought one other news crew. why so quiet? >> i started my report at virgin galactic a week or two after they suffered a fatal crash in october of 2014. and up until that point there was a lot of boosterism and a lot of optimistic statements when they were going in space and it was just around the corner. and after the crash i think it was not only humbling from a operational perspective but i think they took a different approach, which is at that point they still needed to rebuild or build another spaceship to replace the one that crashed in the desert and they needed to resume their test flight program and they saw that being a long path and didn't want to get in their own way making statement

and one of those backing alex all the way is virgin founder sir richard branson.e to move the world to a world that's powered by clean energy. and so if we can come up with an exciting way to try to get people involved in moving to clean energy, so much the better. what more exciting way to be than really exciting motor racing taking place in cities all over the world? all of the big car manufacturers are getting behind formula e and that's because as well as the race on the track, they're also competing to develop their own electric cars. jaguar is one of the first teams in the championship to bring one out. what's really exciting is this year, we launched... the car that will have a range of around 400 miles. it's part of the technology we developed in our risk are we it to consumers to try and enjoy. it's a really aggressive racing environment. we're pushing the boundaries and the technology to the limit. what we learned here was a bulimic cars that drive more efficiently and faster, more enjoyably for consumers. that's really key. from a consumer point of view

and richard branson recently came out favor of it mark zuckerberg these are people who own mass amounts of capital and u.b.i. would be a way for them to somewhat quell the dissent of. impoverishing the working class that are getting fed up with being taken advantage of it's kind of a band-aid it may be a step in the right direction and depending on how it's implemented i may support it as a as a reform but it's not necessarily our ideals. speaking of figures that you would respect. or you a fan of bernie sanders campaign. you know he voting for him in the primary he did win michigan. but he's definitely not my ideal candidate. but you know in politics we're not giving we're not given our ideal choices. on august thirteenth and sam louis arizona just over the border from mexico a car was pulled over leaving a vacant k.f.c. restaurant now this. sat off drugs and stiffing dogs which led to the discovery over a million dollars worth of cocaine methamphetamine era when and the deadly fenton oh and while this story should end there and horribly dado horribly dangerous drugs up the street it w

talking about for the last two years it's wise put a billion dollars in virgin galactic with richard branson twice put up to twenty billion dollars with steve schwartzman in blackstone and this is very much in line with those bets a big entrepreneur trying to change an industry potentially even a hedge to saudi arabia's oil based economy. by investing in electric cars i'm with you on musk and the way i reported the story was to say that when mom had been some on went to the u.s. in march and april of this year she in tesla soon after a c. in the saudi sovereign wealth fund soon after approached tesla and said we'd be interested in buying new shoes newly issued shares to both help support your company but also we'd like to be an investor and must for whatever reason did not accept that offer and so the saudis with the help of j.p. morgan chase built the stake in the tesla stock in the subsequent weeks and months and it was private until i broke the story hours from a sooty good to speak with you thanks a greece is celebrating the end of eight years of bailouts it's avoided bankruptcy since tw

talking about for the last two years it's wise put a billion dollars of virgin galactic with richard branson twice put up to twenty billion dollars with steve schwartzman in blackstone and this is very much in line with those bets of big entrepreneur trying to change an industry potentially even a hedge to saudi arabia's oil based economy. by investing in electric cars i'm with you on musk and the way i reported the story was to say that when mom had been someone went to the u.s. in march and april of this year she in tesla soon after a c in the saudi sovereign wealth fund soon after approached tesla and said we'd be interested in buying new shoes newly issued shares to both help support your company but also we'd like to be an investor and must for whatever reason did not accept that offer and so the saudis with the help of j.p. morgan chase built the stake in the tesla stock in the subsequent weeks and months and it was private until i broke the story hours from a sooty good to speak with you thanks a greece is celebrating the end of eight years of bailouts it's avoided bankruptcy since tw

talking about for the last two years it's wise put a billion dollars in virgin galactic with richard branson twice put up to twenty billion dollars with steve schwartzman in blackstone and this is very much in line with those bets of big entrepreneur trying to change an industry potentially even a hedge to saudi arabia's oil based economy. by investing in electric cars i'm with you on musk and the way i reported the story was to say that when mom had been someone went to the u.s. in march and april of this year she in tesla soon after a c. in the saudi sovereign wealth funds soon after approached tesla and said we'd be interested in buying new newly issued shares to both help support your company but also we'd like to be an investor and must for whatever reason did not accept that offer and so the saudis with the help of j.p. morgan chase built the stake in the tesla stock in the subsequent weeks and months and it was private until i broke the story hours from sooty good to speak with you thanks a greece is celebrating the end of eight years of bailouts it's avoided bankruptcy since twenty t

neil armstrong, buzz aldrin, well now it's a little bit more the ee lon misings, jeff bezos and richard branson'sheaply and efficiently than government. we used to spend 5% of the budget, the annual budget back in the '60s on the space program. now we spend half a percent. and we can still get into space. >> trish: we'll leave it there. thanks for having me in all week. and don't forget to watch his show tomorrow, big day for the president. >> i'm jesse watters along with dadan mcdowell, richard fowler, dana perino and greg gutfeld. >> greg! [laughing] >> this is "the five." >> president trump blasting fake news while some in the media proving how biased they are. >> president trump: they can make anything bad. because they are the fake, fake, disgusting news. >> the president of the united states is completely unhinged. and getting worse by the day. >> more on the president's fight against fake news ahead. but first a

of space cowboys and not just the astronauts but you've got elon musk of spacex, jeff bezos, richard bransonwere all over that news by the way on friday and i got absolutely killed by the astro fans in the twitterverse when i sent out a tweet that mentioned trump space force in the same sentence, heck even nasa replied to my tweet. everybody yelling that the two are not the same thing liz how could you even say that which we knew but do you think the research and development that comes out of commercial-manned missions will one day lead to additional government contracts and advancements that in some way might share in a military space force or was i completely wrong on that? >> oh, no not wrong at all. in fact the innovation that goes on in the commercial sector which we're seeing for this astronaut transport job to the space station that low cost launch capability is the way we will get our military satellites up quickly in case they are ever attacked or wiped out or disrupted by an opponent so the ability to repopulate our networks up in space with satellites through rapid cheap launch is

. >> and "squawk" in space how richard branson's venture is competing with musk's spacex fo the spacef "squawk box" begins right now >>> from new york, the most powerful city in the world, this is "squawk box." >> good morning and welcome back to "squawk box" here on cnbc live from the nasdaq market site in times square. i'm joe kernen along with andrew ross sorkin and michelle caruso-cabrera home depot, futures are up 118 nasdaq indicated up 37 points or so treasury yields have been back up overnight last i saw was 2.90% we're still talking about the turkish lira michelle is getting boned up more on what's going on there. >> we got a couple guests coming up >> is there anywhere else you read the truth rather than the journal -- >> it's pretty rare. >> oh, goodness. >> i'm not kidding >> go ahead. you want to say something? >> no. >> you can't possibly say in "the new york times. you could not -- >> i can't -- you -- >> you couldn't possibly deposit that as reasonable >> we're back to the same -- >> you couldn't say that is reasonable >> continue on >> all right >>> here are the stori

and the absolute parasites like richard branson who pay no tax off the back of it.y underpinning once in a generation investment in the rovers. what they've failed to mention, obviously, is the fact they are top up obviously, is the fact they are top up by obviously, is the fact they are top up by government subsidies. if they don't meet the predicted profits, they have revenue protection, which gives them even more money. the government's own figures show that if the railways were renationalised and middlemen cut out of it, there would be £1 billion a year more that could go party to be invested in the industry and partly to keep fares lower. you are not happy with the fa ct fa res lower. you are not happy with the fact fares are going up. that's absolutely right. the transport secretary is saying, we do want to see lower increases. so we would like to use this lower rate of inflation. and therefore it makes sense, he says, for a rail workers to a cce pt sense, he says, for a rail workers to accept the same rate of inflation when it comes to pay. absolutely not bec

talking about for the last two years it's wise put a billion dollars in virgin galactic with richard branson twice put up to twenty billion dollars with steve schwartzman in blackstone and this is very much in line with those bets of big entrepreneur trying to change an industry potentially even a hedge to saudi arabia's oil based economy. by investing in electric cars i'm with you on musk and the way i reported the story was to say that when mom had been someone went to the u.s. in march and april of this year she in tesla soon after a c in the saudi sovereign wealth fund soon after approached tesla and said we'd be interested in buying new newly issued shares to both help support your company but also we'd like to be an investor and must for whatever reason did not accept that offer and so the saudis with the help of j.p. morgan chase built the stake in the tesla stock in the subsequent weeks and months and it was private until i broke the story. sooty good to speak with you thanks a greece is celebrating the end of eight years of bailouts it's avoided bankruptcy since twenty ten through t

there is the appearance of head word -- richard branson.n your talks you have had with him, i know you are -- you met him previously, have you heard from him directly? with surei have met boy -- them once. we have not got what strategy he might suggest that we can consider but the very cordial conversation with them, we hope to talk to him like i will -- all of our major shareholders that we announced today but we will stay engaged with all of our shareholders and can -- continue to execute this strategy we laid out in march of 2016. anna: do have any shareholders questioning the investment banking part of your business or is it something we like to talk about in the media? the shareholders are supportive of a strategy as we -- we articulated including the investment bank. the bank has had in the first half of this year, it was a record six months in terms of leading debt underwriting and where we are ranking globally. remember, we were the third largest underwriter of debt globally in the first six months of this year. it was a record six

carnival with one to two new ships, and richard branson's virgin line kicking off.ow are you so sure passengers will stick with royal and not a competitor >> it's been a positive performance to keep improving our product. and our ratings have gone up to levels we have never seen before also, the ratings of our crew members have gone up too their satisfaction with their job, engagement with their job that means we deliver a better product than ever before we have some new ships coming. we have symphony of seas starting next year we have the celebrity edge coming to the end of the year. which i think is the most anticipated trip in the industry and pursuit which just started this week. we have a lot of good momentum going carrying us nicely into 2019. >> you know, wall street wants to know how you plan to manage costs. because you have rising fuel prices, plus steel tariffs making it expensive to bring on new ships. and then the hurricane season anticipated to pick up in the coming months. >> well, i think costs is one of the big focuses always because of course we ar

richard branson.a difficult time with analysts, and then he decided not to ipo some of his companies. there are parallels when it comes to the temperament of the founder and what would be best for the company because of the founders temperament. tom: bloomberg technology will really dive into this with a west coast feel. i need to look over at the bloomberg terminal. there are so many moving parts. if you are just joining us, it truly has been idiosyncratic. that ended with comments from mr. erdogan a few hours ago. 5.92 on turkish lira. u.s. curve flattening. the german two-year is at benchmark for european debt goes into a greater negative, lower yield this morning. we'll continue. stay with us. this is bloomberg. ♪ francine: this is "bloomberg surveillance." tom and francine from london and new york. 80% of our time is on lira and turkey and markets, but there are other things. talksnk is said to be in with the startup that makes and delivers pizza with the help of robots. are ratchetings up pressu

he is much more reticent than richard branson to say this is going to be a consumer product >> speak there is now this race to space or race to the air, whatever, between now elon musk, who is being grounded right now with the tesla situation and then have you branson running around, you obviously have jeff besos. is paul allen the fourth member of this troop? >> absolutely. he is the fourth he is broadening it out. they all have the became the goal what this says to some degree also is it adds more competition to the market it turns out president trump has been specific about saying we are willing and excited to spend on it. >> how much of this ultimately is getting government money involved, though all of these guys are laying out money now. i think with the intent that somebody else will peck up the tab later. >> we know the government has seen reports that they've spent $4 billion independent of six friends of the military, president trump pushes forward for a billion dollars on space vehicles and spacex is giving some of that money already so, the bet is, yes, governments will b

virgin, i was reading about richard branson's virgin voyage.e getting into the cruise ship business. they begin that service in 2020. that too is adults-only. the river cruises for over 50s. stuart: yes. you want to leave it right there, ashley? ashley: i totally agree with the policy. [laughter] stuart: moments ago we told you about canada's foreign minister commented postively about nafta talks. edward lawrence was there, our guy. come on in. tell us exactly with she said. reporter: the big headline said they were optimistic making a friday deadline to sign on to this agreement. they have been going this morning line by line through this agreement, working late into the night last night. starting again i recall this morning. she has had conversations on the phone this morning with u.s. trade representative robert lighthizer. and now they walked in about two or three minutes ago to meet face-to-face. jared kushner, white house visor, also in the meeting. canada very concerned about chapter 19, anti-dumping or anti-stimulus, that other countrie

year president richard tired of when has blamed the currency freefall on a plot to attack turkey's economy he says the u.s. threatened sanctions if turkey didn't release pastor andrew branson by last wednesday he's being tried on terrorism charges related to the failed coup of twenty sixteen pakistan's newly elected parliament is meeting for the first time since elections last month ministers in the new government been sworn in but the headachy insaaf party or p.t.i. is the largest party with one hundred sixteen seats won in the july twenty fifth election prime minister in waiting and former cricket star imran khan will be sworn in on aug eighteenth. a vigils been held in the us city of charlottesville on the first anniversary of the violence between a far right an anti racism protesters dozens of white supremacists rallied near the white house in washington but they were outnumbered by thousands of counter protesters. the leaders of russia iran and three former soviet states have signed an agreement on the legal status of the caspian sea they can now share the body of water and its oil and gas resources how many and that in some admonish we have shown in this convention t