virgin galactic is careful about how and when flights will take off. it has never been a race because the focus is on safety. we can only hope that it will be a commercially viable and safe operation. host: what kind of training are you doing to become a passenger on this spaceflight? guest: is called suborbital training. i had a few years ago in the masters center. undergo all of the profiles and different profiles of our flight. host: masses administrator gave a press conference last week, -- masses administrator gave a press conference last week -- this week. take a listen. goal is to land on the moon within five years and be sustainable by 2028. there will be a reusable command module. we want to go back and forth from the surfaces of the moon to the reusable command module. costsd to drive down the as time goes on. cost will go down. what we are trying to achieve is a sustainable return to the moon, where we have people living and working on another world for long periods of time. host: you were at this press conference, were you not? guest: yes.

and taking off the first analyst to cover virgin galactic says this stock is set to head out of this wore. he'll join us to make his case we begin with another record day on wall street >> i do have the numbers i will clarify, i did not know if you were talking about the restaurant or the coca-cola drink with grenadine poured into it it was a record high for the particular stocks on the dow also the nasdaq composite, a high as well those two made those highs at the high of the day, the dow industrials. we want to focus on the groups uber having a really rough day shake shack, a hot stock the renaissance ipo, the ticker ipo is up about 12% over the past 12 months just about in line with the s&p 500. however, we have seen a convergence as you can see here. very close to total performance. we have outperformance in the overall at 1 point over the course of the past year so it has narrowed quite a bit we'll watch that in light of uber and then stock of the day. you heard it before. shake shack shares on pace for almost a 20% decline this is a stock that went public in 2015 at $21 a share

virgin galactic is very very careful because the whole point the focus is on safety. >> what type of training are you doing it is the trading i had a few years ago in the nasa center the world's most highest performance centrifuge we go over the same profiles that floating in zero gravity then coming back into the atmosphere. spirit there is a press conference this week where talking about his assessment of the effort to go back to the moon and this is what he had to say. ke ahe goal is to live on the moon and to be sustainable by 2028. that is where the gateway comes in with a reusable command module with reusable landers that can go back and forth to the service - - surface of the moon and drive down the cost of the sls rocket. it is a sustainable return to the moon where people are working for long periods of time. >> you are at this press wconference collects what was your reaction that they will return the first man and women to the moon that is an arduous program so this particular program is now talking about going back to the moon and it is just so inspirational. is there a n

shares of virgin galactic have been crashing back to earth after their stock market debut this week.tourism company lost 13% of its value on thursday. it's lost 29% since its peak on monday. and now, what's trending in the business news this morning? stocks have been mixed but actually, some quite good data coming out of china in terms of its bees, more upbeat data than we have had in the last 2.5 years from china. not so goodin last 2.5 years from china. not so good injapan, a fall in factory output to a three—year low. the typhoon of course and also sales tax. 20 more coming up later. see you soon. “— tax. 20 more coming up later. see you soon. —— plenty more. the wreckage of a british submarine that vanished during the second world war has been found in the sea off malta. hms urge disappeared after setting sail in april 1942. there were more than a0 people on board, and its fate had remained unknown. the bbc‘s tim allman has the story. deep beneath the waves of the mediterranean, a mystery nearly 80 years old is finally solved. schools of fish move through the rusting, corroded wr

. >> chairman of virgin galactic will join us with his direct listing of virgin galactic as that went public. >>> as we go to break, treasury bonds pulling back on the report of pessimistic headlines ten-year, 1.74%. "closing bell" will be right back it was sophie's big day. by the way, she's the next mozart. as usual we were behind schedule. but sophie's enthusiasm cannot be dampened. not even by a run-away donut. we powered through it in our toyota prius. because a star's got to shine, no matter what. it's unbelievable what you can do in the prius. toyota let's go places. let me tell you something, i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. learn how homeowners are strategically using a reverse mortgage loan to cover expenses, pay for healthcare, preserve your portfolio and so much more. a reverse mortgage loan isn't some kind of trick to take your home. it's a loan, like any other. big difference is how you pay it back. find out how reverse mortgages really work with aag's free, no-oblig

shares are down 7.5% now >>> and later, look at shares of virgin galactic.ng the symptom, shares down 4% after debuting last we arnd12 sre stay with us long-term view? it begins by being privately owned. with more than 85 years of experience over multiple market cycles. with portfolio managers who are encouraged to do what's right over what's popular. focused on helping me achieve my investors' unique goals. can i find an investment firm that gets long term the way i do? with capital group, i can. talk to your advisor or consultant for investment risks and information. it's how we care for our cancer patients- like job. when he was diagnosed with cancer, his team at ctca created a personalized care plan to treat his cancer and side effects. so job could continue to work and stay strong for his family. this is how we inspire hope. this is how we heal. we love you, daddy. good night. i love you guys. cancer treatment centers of america. appointments available now. >>> we are incredibly diversified, think we can get to profitability with gross tail winds we see

whether you're talking about virgin galactic, they're longer term thinking aboutfaster transportationthe globe. point to point transportation with hypersonics in the case of blue origin, if you look at each one of the projects or businesses that the company is developing now, all of it speaks to this broader vision around human space flight and longer term, as bezos outlined it, building the infrastructure, bringing down cost of launch, building out infrastructure to go to space and ultimately have humanity colonize space >> big goal. but definitely the direction we're headed great stuff, morgan. a lot more ahead from morgan in huntsville she will sit down with senator shelby on the resurgence of rocket power in the united states dow up 66. hanging onto 3101. back in three minutes. ♪ ♪ ♪ ♪ 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 un

so virgin galactic holdings, has been rocketing down about 40% since it became available to the public being the first of its kind in the sector, is now the time to jump in before it takes off? and if so, for how long? >> i don't know if it's going to take off it was one of the most hyped, ridiculous -- i was very disappointed that everybody coalesced to be able to say something good about this thing. i am not a believer in virgin galactic i hope one day we all go to mars, maybe even jupiter i don't care i don't want to own this stock let's go to bill in oregon bill! >> caller: boo-yah, jim. this is bill from eugene, oregon, the home of the flapping ducks. >> exactly right >> caller: -- for growth stock investing. my question is on chipotle and i recently read that the stores are all company owned >> right >> caller: could you speak to the risks versus rewards of the -- >> i think they run such a tight ship that it's actually not that risky. i like the franchise model i like everything that's run well and chipotle is run well, which is why i think it is a -- >> buy, buy, buy buy, buy,

shares of virgin galactic have been crashing back to earth after their stock market debut earlier thisce tourism company lost 13 % of its value on thursday. it's dived 29% since its peak on monday. elon musk has put his solarglass roof system to a halloween test of durability, dropping a carved pumpkin on the tiles from the top of a two—storey building. the tesla founder tweeted this video of the stunt in an effort to ease fears about the product's ability to withstand bad weather. the tiles are a key component of tesla's solar roof system launched last week. the indian government is demanding more details from whatsapp of the security breach that could have seen dozens of indian journalists, activists and lawyers hacked through the messaging service. whatsapp is suing an israeli company in a san francisco court, accusing it of helping governments to break into phones around the world. arunoday mukharji is in delhi. complex story. absolutely and the worry complex story. absolutely and the woi’i’y as complex story. absolutely and the worry as it is to snowballing into a political contro

. >> i've paid close attention to the virgin galactic acquisition.e chamas that merged with virgin galactic the retail was very supportive institutions were more skeptical, uncertain about how many people will want to pay a lot of money to go to space and take what may be some safety risks on and so forth. are you bullish on space tourism as a business? >> so i think that this is a very exciting thing to happen and it's great to see that one of these new companies is going out and making -- you know, taking the bold, brave stance and going public i think running a human space flight program on a quarterly schedule is going to be challenging and we'll see how this plays out we're not invested in the sub orbital space. we are interested really in the data that comes from space geospatial intelligence. >> would you like to go up in space with virgin galactic, you personally >> i certainly would i've already done the training so i'm not a ticket holder now, but i do think that both that i recall offering and blue origins new shepherd vehicle are both ver

always outspoken chamath palihapitiya chairman of virgin galactic will join us tomorrow on the "closingt. >> up next, building permits soaredodkean tay mi stoli will head to the telestrator with what that says about economic growth. what do advisors look for in an etf? don't just track an index, help me meet a client's need. is the fund built to sell or built to last? etfs are only part of a portfolio. so make it easy to explain. give me a quality fund that helps me get clients closer to their goals. flexshares etfs are designed and managed around investor objectives. so you can advise with confidence. before investing, consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. it nice?ce. this is the most-awarded minivan three years in a row. the van just talked. sales guy, give 'em the employee price, then gimme your foot. hands-free sliding doors, stow 'n go seats, man, y'all getting a hook up and y'all don't even work here. pacificaaaaa! - [spokesman] if you've tried colleg(group cheer

virgin galactic, perhaps being the most high-profile, having gone public here at the new york stock exchangen space flight company. but in general, when you look at these new breeds, these new start-ups of space companies, how can investors get involved >> well, like many of the technology sectors, companies are staying private for longer, so we don't see an huge rush of these new space companies coming to the market anytime soon so really, the way to play this market at the moment, in order to get into the earlier stage venture opportunities that form the majority of the market is through venture funds like ours, is several space-focused venture funds that can provide private investors exposure to this market there's only a limited number of quoted new space companies with virgin galactic being the latest to join the market, with a greater than $1 billion valuation. so some liquidity. most of them are pretty small companies at this stage. >> so, mark, given all of the different companies that your fund has invested in right now, what are you most excited about? are there specific names >> y

i mean, we're going to start to see virgin galactic with spaceship 2 making regular flights.myself, who are clients, who want to go. and those first flights will beget interest from other people but up until now, space has been, you know, a dozen events per year, 20 events per year you know, we'll see in some of the experimental systems, we just saw with star ships, with elon's starship, there was a small failure in a demo version. and it's important to realize that a failure in one system, from one company does not relate to another system. these companies and these systems like falcon 9 has become an extraordinarily reliable launch vehicle, as you fly them more and more, and the more you fly them, the more data you get, the more robust you get and the more we can start to count on them and build businesses around them >> peter, if we consider branson, bezos, and musk sort of team usa for lack of a better word, who's on our tail? >> so, without question, the chinese see space as a massive frontier you have to remember that over the next 20 years, we're going to make humanity

and taking off the first analyst to cover virgin galactic says this stock is set to head out of this he'll join us to make his case we begin with another record day on wall street >> i do have the numbers i will clarify, i did nokn

but my question is this to you should i buy or sell richard branson's virgin galactic holdings >> that'sn bay packers, i think it's nice. see if you can get the actual certificate. maybe they still have those. put it on your wall. but no i don't want you to do more than that let's go to frank in north carolina frank? >> caller: hi, jim i'm a retired naval reserve, 86 years old. during the recent volatility, i have made mad money trading amd. what do you see in the future for amd? >> well, first, thank you for serving. and second, i think i see $40 in the future for amd, because lisa sio sue is doing a great job gaming is strong what more can you ask for? let's go to courtney in virginia courtney >> caller: thank you for taking my call, jim. >> you're welcome. >> caller: it's a local stock with a nice dividend, apple hospitality group. >> we've liked apple hospitality the whole way. it does have a good yield. remember, with interest rates going up, people are going to sell this stock, but they can more than pay for that dividend. therefore i like that, ladies and gentlemen, is the conclus

. >> up next virgin galactic struggling to take off since the public debut one analyst says the stockdigging into that. we look at the cramer cam, jim talking with the twilio ceo after the company rereleased earnings guidance because of a calculation mistake. the interview coming up at the top of the hour on "mad money. livet e sd athnaaq market site in times square. much more fast still ahead low sugar. tastes great! high protein. low sugar. so good! high protein. low sugar. mmmm, birthday cake! pure protein bars. try lemon cake. ♪ try lemon cake. are all non-gmo, sundown vitamins made with naturally sourced colors and flavors and are gluten & dairy free. they're all clean all the time. even if sometimes we're not. sundown vitamins. all clean. all the time. hey. ♪hey. you must be steven's phone. now you can take control of your home wifi and get a notification the instant someone new joins your network... only with xfinity xfi. download the xfi app today. >>> well back to "fast money" it hasn't been hip to be square the under performing the broader market in 2019 but options trader b

we showed a xwrask that had virgin galactic that came to market because of spac. >> we want more companies colleague, stacey cunningham, wrote an op-ed, talking about the social good of companies being public and investors being able to participate in the growth we're focused on finding pathways for companies to come to the market, whether it be through spac, direct listing or traditional ipo or something new down the road. >> if traditional trade raised within the direct listing has to be $350, it still has to be a relatively good-sized company. the traditional ipo was much smaller than 350. >> right that is an aggregate of the shareholders, employees and investors participating in the direct listing. >> if there's that much value to turn over on the first trade you probably have to have a multi-billion dollar value to the company. >> that's the profile company that would be most looking for a direct listing. >> what do you put that down to, recoverable next year? >> we have a great team focused on helping companies invest capital. look at the follow-on proceeds, how much we've helped com

that just shows you how deeply partisan this process has become back over to you >> thank you virgin galacticfirst publicly trade space tourism company. but there are already ways to participate in this new era. you havelock heed martin and boeing northrup grummann does civil and defense work for many companies space is only part of the portfolio. satellite communications is broad based and includes a lot things like satellite broadband. incumbent. and iridium communications an area to watch as spacex and even amazon become operators themselves, there are etfs those very small procure space ticker ufo and final frontiers. one name not taking on investors any time soon, jeff bezos blue origin bob smith told me, they need funding. that's not something blue origin really needs to do especially because it is almost completely funded by jeff bezos who has disclosed that he sells off about a billion dollars worth of amazon stock every year for that space company. another publicly traded space name, satellite company maxar technologies let's bring in walter scott, the founder of digital globe which