forjust underfour richard ranson is now on his way to space.he experience weightlessness and enjoy it if of planet earth that only astronauts can dream of. i didn't think i would see this in my lifetime. ijust can't didn't think i would see this in my lifetime. i just can't wait for this to one day be experienced like mine. and a down. safely back on earth after a 19 minute flight. critics call this a billionaire's joyride, harmful to the planet but that sir richard says he wants to protect. but for the people here at the first purpose—built commercial spaceport of the planets, this marks the historic moment to the continuing journey toward space tourism becoming a reality. parts of the united states are braced for more record—breaking temperatures, having already endured the hottestjune on record. forecasters are warning that some places including california and nevada will remain dangerously hot, fuelling fears of even more wildfires. charlotte wright reports. in the western united states, the heat is relentless. on friday, death valley in ca

billionaire richard ranson and his virgin galactic company -- richard branson and his virgin galacticompany have boosted their plan to begin commercial flights into space next year. they reached an altitude of more than 53 miles above the earth before the plane glided back down. a wildfire is pushing california towards the brink of blackouts. the blaze is raging uncontrollably across southern oregon. it has not out three electrical lines critical to the stability of grids in the western u.s. nevada faces a power emergency. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ ♪ >> now is not the right time to talk about exit strategy because we are still forcefully delivering under these exceptional circumstances using exceptional tools, which is the pandemic emergency purchase program, which i expect to last at least until march and possibly to transition into the new format after march. jonathan: the little bit at the end that we still need to work out. chri

. ♪ emily: after the successful launch and return of richard ranson aboard his virgin galactic spacecrafttdown is on for jeff bezos and blue origin. july 20, the world's richest man will blastoff for a screaming 11 minute mission that will take him even further into space than branson. the billionaires claimed they are not competing against each other, but it's clear they both have big space ambitions. take a look at how their trips compare. >> to billionaires, two trips to space, nine days apart. they are ushering in a new era of private commercial space travel. here's how the two trips compare. this was virgin galactic's fourth trip to space while blue origin is heading up for the first time with humans board. virgin galactic gets dropped off in the air by a larger craft and then released. >> release, release, release -- clean release. ignition. >> while the origin rocket is launched from the ground. virgin galactic reached an altitude of 53 miles. blue origin will reach 56 miles. >> richard branson is going to be going into space. we can debate where the line of space is. >> it's an at

. >> billionaire, richard branson and version -- lactic has -- ranson and five employees experiencedached peak altitude of the five kilometers above earth. they will kick off with jeff bezos also set to fly on a rocket made by his company blue origin. >> we have just got to get building as many spaceships as we can as fast as we can so that one day, those kids will have the chance to have a similar experience to what i had. that we will do. >> global news, 24 hours a day on air and on bloomberg quicktake. i am vonnie quinn, this is bloomberg. >> the bank of indonesia could tighten on terry policy as economic recovery remains on track. the central bank is currently reassessing the growth outlook. >> we are forecasting our economy growth will be 5.1%. we will be doing about 7% in the second quarter. 6.3% in the third quarter and then 5.5% in the fourth quarter. we are in the process of reassessing what the impact of the -- >> what are the downside risks to your 2021 forecast? >> economic growth and also, the policy that needs to be done through the limits of the mobility of the economi