>> you know who i really love, richard branson., whether it's airlines, whether it's cruises -- >> stephen: ballooning. >> ballooning. i like how you said that-- ballooning. and then he makes it different and unique and interesting. >> stephen: is that why-- i've got this photo of you which makes sense to me now. is this-- what's going on here? >> that is me one halloween as richard branson. yeah. i wanted to be my idol for halloween. >> stephen: >> stephen: wow, that's something you and i have in common. >> what do you mean? >> stephen: because i actually did a cover shoot for one of his magazines years ago. and i did... >> oh, my gosh! that actually looks like the same person! >> stephen: i know. >> that looks like a close-up of him and a wide shot himself. you are my brother from another mother. >> stephen: yes, and have you talked to him? have you met him? >> i have. yes, so i was him for halloween, and then he saw it, and he reached out. his team reached out, and they're like-- he was like, "i've never looked so beautiful in m

could it actually happen >> what we're focused on is flying richard branson to space on a commercialworking hard towards that goal. >> george whiteshides, thank you for joining us stock is now 1 1/2%. >>> apple's annual shareholder meaning is set to kick off at the top of the hour. the stock is now back above correction levels. still a little below $300 a share because of this morning's rally. tom forte from d.a. davidson and citi's jim subia join us now good morning. >> good morning. >> tom, when you look at where apple is now and how it has performed during these concerns about covid-19, the coronavirus, both on the demand and supply side, what have we learned about how it both holds up under these conditions as a stock and where you think apple is headed? >> sure, so i think apple has actually held up very well and i think that's on the assumption that the coronavirus is more of an epidemic than pandemic and the risk to apple is weak sales to chinese consumers, which was 17% of their sales the last fiscal year and supply chain disruption for the iphone but the big question for the

next up, it is a big day for the latest venture of richard branson's version group.hey are u unveiling its srlrlet ladydyiner in engngland. we are joined by the company's ceo, thomas. thank you for joining us. let's get right into it. this is a big, major investment from virgin. why are they going into the cruise industry? >> of big day on the scarlet lady. -- a big day on the scarlet lady. i am ready for a toast of champagne. we are debuting the scarlet lady on a tour. it is a big day because we are entering into an industry that has done quite well. we are a niche player. we are a boutique operator, claiming to have done something special, unique and d different for the cruise industry. >> you have been planning on this unveiling for some time. there is also some slightly awkward timing, with the coronavirus outbreak. you have seen a couple of lines suffer elsewhere around the world because of the coronavirus outbreak.. is thihis affecting g your busis at all? >> you know, the coronavirus is something we are conscious of. securityh, safety and of our crew and our s

. >> lori, stop -- >> my favorite guest shark is probably richard branson. >> these people are horrible't do business with them. >> sometimes i never know what is going to set the sharks off. >> i would be reluctant to get involved with the $600,000. >> oh, shocking! >> oh, what happened? >> shocking! >> you know what i love about richard branson is he has zero filter. >> i'm about to throw water at these two guys. >> and it turned out to be a big water fight. >> oh, my god! >> it's a little bit weird to have, like, a guest come into your home, so to speak, and then throw a cup of water on your dysfunctional brother from our dysfunctional family. >> and then mark doused richard back -- we were shocked. >> i mean, the show can't go on. the show can't go on. >> you want me to swipe at it? >> yeah, yeah, do it. >> the knife aid guys were great entrepreneurs and everybody was heated to have a piece of that business. >> we started a knife sharpening service by mail. >> pick a contact, any contact, i have it into every single one of the retailers in this country. >> i have all the same contac

virgin galactic, the space venture backed by sir richard branson, says it will release more tickets forace as demand doubles. the company launched its one small step qualification programme on wednesday which requires a $1,000 deposit. it comes as the company's latest results show a net loss of $73 million for the last quarter. samsung electronics says a "technical error" on its uk website temporarily exposed the personal data of about 150 users. the company says the error exposed information including names, telephone numbers, email addresses and previous orders. but the south korean manufacturer claims credit card details were not exposed during the glitch. samsung says the issued has now been resolved and only affected the uk. spirits giant diageo says the spread of coronavirus in greater china and the asia pacific region could knock up to $250 million off its profit this year. the firm says there's been a substantial reduction in banqueting in china as many bars and restaurants remain closed. diageo's brands include smirnoff, johnnie walker, tanqueray and gordon's gin. now to the us

trucks out you get these ridiculous valuations ok i mean listen virgin galactic i mean you know richard branson smart guy great businessman got a lot of good things going on so i can't fault him but again you get that the street gets on momentum and they start chasing these thing and they're like the mouse running after that right so i get i think again they were they were both the well overvalued at this point so either the market's in the gulf or they're come back to make the market i think they both come back and hit the market some point but again when that happens i can't cite todd horace case tragedy trading thank you so much thank you. will invest more than $1000000000.00 in mexico over the next 5 years the company's c.e.o. said in a video released by the mexican government on thursday. you know every aspect of all look in life is being transformed by computing we have an unprecedented opportunity to apply digital technology to create new opportunity in mexico as part of this investment creating a new data center region in mexico to deliver a comprehensive intelligent secure all and trus

the company was founded by richard branson in just over a year ago they conducted test flights of theip above the mojave desert in california. they've already sold 600 reservations at 250,000 dollars per ticket. now the company says thousands of others who signed up online will be able to pay a refundable deposit toward future flights. they can do that starting tomorrow. a date for the first flight still has not been set. >>> mardi gras festivities kicked off earlier today in new orleans with a series of raids. parades. today is also known as fat tuesday, mardi gras continues well into the night it's all part of the final day of celebration before ash wednesday and the start of lent for christians. it is the 40 day. of fasting and penance. >>> coming up in sports, the warriors look for their first win against the sacramento kings, we will show you if they had enough offense to get past sacramento and get the win. >>> then at 11:00, new information about a tesla crash that killed a man from silicon valley. what the ntsb has revealed he was doing moments before that crash. tom steyer wi

close and i would do it i would totally do pretty closely and no space tourism is bigbut also at richard branson's can get on this potentially is the rocket technology to fly to france from new york and one hour. >nd that's why the sign off om san francisco in 2 hours. so there could be some applications for this that we like to have some sort of ca travein the united states in the world. but also to make certain kind of fun fitness art one quick quesion before we this one coming to us from does it make sense to file an extesion for my taxes that's right tax season, yeah, a lot of people don't get taxes done in time and sometimes are waiting for forms and they say i'm just to pay later, a 5% penalty get a low interest rateinterest rate on it that's great. but it's still money that you're being paralyzed andit's like paying your credit cd late to rce thing to do foolish way to spend money. try to file an extension 's there for you my advice alright, thank you as always rob and senng those questions robertright answer them again tomorrow robber a black dot com you can find him on facebook twitter an

. >> richard branson today announcing the first shipment of his new -- would you like to go on a cruisereat deal! [ laughter ] >> adults only. the scarlet lady will carry more than 2700 passengers. that's a big boat. amenities include restaurants run by michigan lynn star chefs. a tattoo studio. >> spencer! >> and late night parties. the ship is going grown using technology youutilizing the engs to stay green. $16,000 for three days. >> the company still sells itself virgin? >> really? leave that one alone. >> i don't know about you, ama, i prefer a disney crews where the kids are taken care of. >> let's say you want to go on a cruise but you don't want to be surrounded by all the kids. >> people like us. >> grandma and grandpa? would you watch the kids for a week? >> give up your own children so you can go on the boat. >> it's a nice option. something for everyone. >> if you want to have adults around you. that's it for four at 4:00. >> as opposed to right here. >> i was thinking the same thing. hey there, california residents on medicare. it may come as a surprise... but medicare does

. >> hitting the high c, richard branson availing the crews lin liner, the cruise ship includes recordll entrance fall amenities and 20 different restaurants for the next four years, virgin voyages plan to have three more cruise ships that seal into service, hopefully without the coronavirus. >> still not doing it ♪ ♪ stay restless with the icon that does the same. the new rx. crafted by lexus. lease the 2020 rx 350 for $419 a month for 36 months. experience amazing at your lexus dealer. lease the 2020 rx 350 for $419 a month for 36 months. their medicare options...ere people go to learn about before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! well, you've come to the right place. it's also a great time to learn about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. here's why... medicare part b doesn't pay for everything. only about 80% of your medical costs. this part is up to you... yeah, everyone's a little surprised to learn that one. a medicare supplement plan helps pay for som

especially sir richard branson in orbit for the end of the year targeting 115 space flights in 2001 about to become a big thing. and from what i can tell, it's not an extremely full flight now, been incredibly thoughtful in this one, arguing that virgin galactic occupies extremely spares in the public economy last week they published a piece that the company might dominate or monopolize. how speculative is this thing. quite reasonable, when you look at the potential earnings for interest, taxes depreciation, amortization in 2030, that's right. they needed to look ten years out. in a clear day, with barbara streisand years ago, and since then the stocks rallied another 14 bucks yesterday i published a piece after the stock surged friday. this time i noticed gnat driv t driver was a not very important test flight. this thing has made a lot of people look like geniuses. credit suisse tried to bring you back to earth. published a piece, when the stock was trading at nine in november and you couldn't give it away. listen to this list of risk factors, given the unprecedented and untested nature

. >> when is richard branson potentially going to go up into space?later this year. we don't know exactly. >> and is this a totally automatically controlled robotic aircraft or is there a pilot >> there's actually two pilots for this one. >> interesting >> we have more questions. >> come on back. any time. >> absolutely. >> thanks for watching "power lunch," everybody. >> "closing bell" starts right now. >> welcome to the "closing bell." i'm wilfred frost and we're going to pick up where the "power lunch" team left off, on virgin galactic. of course that stock continues it's rice up 16% today we're going to compare and contrast the run of virgin galactic with tesla and see if there's anything we can learn. s&p 500 and nasdaq both at highs. we're also at session highs as we stand with 59 minutes left to trade. >> i'm sarah eisen let's look at what's driving the action we are on nasdaq record high watch as we got some signs that the spread of coronavirus is slowing and ne

want people feeling like their lottery tickets are worth more today this is a company that sir richard bransonhalf of seven months ago and it is pushing $7 million right now that where you are buying it today. >> what is more likely a resumption of chinese production, inventory flow out of china or protecting consumption domestically if we get more cases >> i think it has to be the curve that you see in china, a deceleration of new cases and a return to some kind of business normalcy has to be repeated elsewhere. what is making the rounds is the rest of the world is behind china, we don't know how far behind. >> the broad china etf is up today. that's because the chinese authorities are pushing we are going back to work, and that's the story. that would be very good news the other part is as mike said, we have no idea. they closed down carnival in venice good heavens imagine if they closed down mardi gras. >> mission impossible had to stop shooting. >> that's serious. >> we will have to make due with only six of those movies >> that's a worrisome indication anyone would say oh, right there. we

she has has sex tapes of hillary clinton, donald trump, no clinton and richard branson, and the post reporter said well, show them to me. no, i can't show them to you because hillary clinton has put out basically a contract on me and she's gotten people from the cia to try to kill me. and then in the letters she said she's met alan dershowitz. in fact, i was her lawyer. of course i was never her lawyer. there was no retainer agreement but never mentioned anything about having sex with me. then she meets david boies. bingo, now i remember once i had a threesome with alan dershowitz when i was 22. we are trying to get those e-mails, but they have suppressed them. the e-mails are suppressed and fortunately i spoke to the post reported who told me what was in them. we will get those e-mails on suppressed. so david boies once said to is better than one. no. when you see smoke, sometimes it means five but it sometimes means arson. when you get the same lawyer putting women up to lying, it doesn't increase and enhance the credibility of either the -- of either of them. it just destroys the

bite every day, i bite automatically for my investment account and i buy space, i'm betting on richard branson with space. they don't make any money yet but it's a cheap play on a high-tech stock that has risks but a terrific play and i think you look at the thing surrounded the company where there trying to go, i think has a chance to be a monster winner at some point in the risk is very small overall speed to 30 seconds. mark matson of the federal reserve came out, jay powell at 2:30 p.m. eastern and says will do what it takes, do you expect an emergency rate cut? >> it might happen but most investors when it comes to fixed income are way too long term, interest rates eventually come back up they will get hammer, a lot of them are buying bonds right now and at a terrible risk in their portfolio. short-term high-quality bonds. liz: thank you for your expertise. mark and eric, i know you are relieved to hear the closing bell. they close out the worst week since the 2008 financial crisis. liz: like liz said, it's the first week for stock since 2008 financial crisis, all three major averages fal

morgan stanley cutting richard branson's commercial space company from overweight to equal weight.virgin galactic reporting quarter earnings, and sales that were worse than expected. the company is preparing to resume ticket sales for future spaceflights. that is your bloomberg business flash? we want to stay on virgin collect and companies like tesla, all the names driving surging activity for retail investors. what happens when you have this selloff? from goldman sachs, chief equity strategist, joins me. psychology? david: the best strategy is to own stocks that hedge funds and mutual friends collectively overweight -- mutual funds are collectively overweight. if you look at the stocks that are most consistently their largest positions in a portfolio, then you look at mutual funds, core growth or value, relative to their respective benchmarks. stocks that mutual funds are overweight and stocks that hedge funds own consistently as their biggest positions, if you look at them, they have a has a version in terms of outperformance over time. that is the strategy. alix: what happens w

richard branson's company is trying to maintain momentum despite losses. or how much it will cost. anna: thank you so much, viviana hurtado. the world's second-largest mi nor is weighing the impact of the coronavirus. rio tinto says there could be a boost from china's efforts to combat the virus. i am pleased to say we are joined by the rio tinto ceo jean-sebastien jacques. thank you for joining us. we summarized a little of what you said about china this morning. at least the source of the coronavirus, you also said there is some improvement in china at the moment. what is improving? this is an important point to focus in on with the markets as they are. jean-sebastien: we are watching china carefully because it is 60% of our business. we have around 200 people in shanghai and beijing looking at the situation day in and day out. where we are is there is clearly uncertainty in relation to movement of people and movement in terms of supply chain. as we are having this conversation, if we look at the , to move the product from china, we do not have a problem

>> it absolutely is, we have richard branson with virgin galactic, gone up 300%, more than all the otherpanies, extraordinary, you also have other billionaires like jeff bezos who has an experiment, elon musk who is running something, you have 3 billionaires, 3 entrepreneurs who are driving ideas, driving flows into the space. stuart: why don't you -- >> i should have. you should have asked me in december, we could have gotten one publicly-traded company, the multiples right now make tesla look like a good value. this company is priced very high but they expect big revenues out of this. stuart: presume that there's a great deal of money coming in space, not space tourism but the reality of space and investing in it. could one of the companies be the next trillion dollar company? >> when we look at tesla and the way they've gone up and the company coming out later with seats later $250,000 per ticket, a lot of money, they think it'll be hundreds of billions of dollars within the next 5 years, elon musk project -- stuart: space tourism. >> the space area, tourism, satellites, you've got el

number one, a little bit of it could be the richard branson effect, not quite the elon musk effect, anuy, very successful before this, so people are attracted to that, and number two, there's no other way to play the space game so to speak. spacex is out there and has a valuation right now somewhere above $30 billion as of last night, you know, virgin galactic is jink people see a disparity there, and are perhaps hoping that one catches the other, if you will >> i like what you just said about this being the only way to play space that's kind of what might be happening with tesla mike santoli posited this, all electric vehicles gets funneled through tesla shares looking to buy into any of the trends that's where you go >> absolutely. also speaking about tesla, that one has been if we go back six months it's been a favorite of our particularly millenial clients for the last six months of last year now it's become a little bit of a different game that the price has gotten so high in that it seems as though our clients both our millenial clients and traditional clients are playing it more

the ceo said the first priority is to safely fly its founder, richard branson, into space this year.it will start accepting $1,000 deposits for tourist whose want a reservation to head into the great beyond, ticket sales have been suspended following a fatal test flight in 2014. coronavirus fears across the united states, health officials are warning americans about the disease that is coming in a bigger way, san francisco has declared a state of emergency this morning to prepare for an outbreak. to recap the spread of the disease back on new year's eve, china discovered a strange pneumonia-like illness which was identified as coronavirus on january 7th. four days later, china announced the first death from coronavirus and then on january 21st the first case was confirmed in the u.s. on january 30th the world health organization declared a global health manage c february 5th, the diamond princess cruise ship was quarantined off the coast of japan. on february 10th the official chinese death toll from coronavirus surpassed sars. february 19th, 0 hundreds of passengers evacuated the di

investors you can't chase names like, this i like to prospects of what they are doing there, richard bransonig innovator like elon musk at tesla, similar to tesla you to wait for things to pullback and yes, have gravity come in on the name and put the money to work. stuart: i have to tell you that space stocks like spacex and virgin galactic, maybe they are the trillion dollar club member of the future, distant future, a lot of people are saying that, look at sam adams, parent company of boston beer, profit falling short, hard seltzer is helping. ashley: millions of dollars to get into the field, all the big brewers are getting into it, the twisted they brands having successful with lemonade apparently because beer consumption is going down and having to get into this other area, of course, it cost money to get into these new areas to market it, bottle it and all the rest of it, boston beer as you say, it wasn't that rosy for the rest of the year, that's hurting the stock. stuart: down 5%. you have tried hard seltzer and susan you have not. >> i have not. stuart: dow industrials down 48 poin