that's exactly what happened to virgin galactic here. >> sure. be by regulation. this is not what it was supposed to be doing and they ignored the safety standards there. is this the first time? there are been other safety issues with virgin galactic in the past. >> yeah, there have most notably the big one a crash in 2014 which killed a virgin galactic test pilot and badly injured the other pilot on board. virgin galactic since made changes to the spacecraft, changed the way that the spacecraft -- fixed the thing that caused that specific accident, but since then there have been two other somewhat close calls, some safety incidents. no one was hurt, but you know, there have been some growing concerns within the industry about virgin galactic's culture of safety, so to speak. a former test pilot for the company has been speaking out quite vocally on twitter. john, these are just not the kind of headlines that any company wants especially when they're right on the cusp of sending paying customers into space. and just yesterday before the faa offic

essentially, that is what the faa is accusing virgin galactic of doing, and virgin galactic now acknowledgingspaceship 2's ascent, and this is according to the journalist who broke this story, who wrote the book on virgin galactic, nicholas schmittle, he is reporting that two lights in the cockpit came on, a red light and a yellow light, and the two pilots were faced with a choice. abort the mission or take over the controls and try to change the trajectory. and in doing so, that is what caused the spacecraft to go out of its designated air space. this is all coming at a time that is very problematic for the company, because they are now grounded by the faa until this investigation is complete. but on thursday, virgin galactic announced that it was planning to send its first flight of paying customers into space later this month or in october. so this is certainly not the kind of news that any company wants to have, but especially a company like virgin galactic, who is right on the cusp of truly opening up space tourism potentially to the masses and really sending those first paying customers

virgin galactic ha, pending investigation by the faa. richard branson was aboard the aircraft during its july 11 test flight. yesterday officials at the faa so they wanted to know why it veered off course during landing . pacesetter actually left its approved airspace during the time. virgin galactic said there working with investigators to determine a cause. >>> pandemic hoarding has made a resurgence alongside the delta variant. costco is putting a purchase limit on toilet paper, disinfecting wipes, and hand sanitizer. that is your cbs moneywatch report. for more, go to cbsmoneywatch.com. i am diane king hall . >>> it is time to look at weather and traffic. it is a three-day weekend, mary . >> it is that we will also see less haze and we are looking at some low clouds. looking at the easy sunshine to dive and looking ahead to tomorrow it is even warmer by sunday and labor day. sunday and labor day are the hottest days with the high 100 degrees inland by the end of our weekend. looking at futurecast, you can see the sky is clearing for

this morning some safety questions about that virgin galactic space flight back in july that came to , but the faa is now investigating. emily is in los angeles with more. emily, good morning. >> reporter: peter and hallie, good morning. 1:41, that's how long virgin galactic's spacecraft strayed from its protected airspace. now it's the center of the faa's investigation. a short amount of time, but in space, that can carry major consequences. this morning, virgin galactic's ground-breaking spaceship two grounded. the federal aviation administration looking into whether richard branson's trip to space in july put the public in danger when the rocketship veered off course. the british billionaire's ride 53 miles up captivated the world. >> if we can do this, just imagine what you can do. >> reporter: a few minutes of weightlessness, largely applauded as a unifying moment. but that historic journey now under investigation by the faa, following a report in "the new yorker" of a red warning light turning on mid-flight signaling the spacecraft was going off course. the report this week emph

that is what they are accusing virgin galactic of doing.ating with the investigation, and this is stemming from the journalist who wrote the book on virgin galactic, mickey schmittle. he is warning that there were warnings that went off in space, a red light and a yellow light. that left two pilots on board with a split decision. they could either abort the mission, let william bronson be the first to go into space, or they could take over manually and change the spaceship's trajectory. but in doing so, it moved it off its intended glide path back down to earth. that's when the problem happened, that's when it went out of its designated airspace. this investigation is going to continue, but until it's complete and the faa is satisfied, virgin galactic is grounded. this is especially significant because, just on thursday, virgin galactic had said it's announcing its next crude flight for sometime later this month or early october. this is not the news they want to get, but if yoespecially if e a new company and you're on the verge of taking

that is what is happening to virgin galactic. to the edge of space and warning lights and the pilots were faced with a split-second decision, abort the mission which would have mentd that your founder richard branson in the passenger seat would not become the first billionaire to make it to the edge of space, jeff bezos would have beat him or due try to take over controls and change the trajectory and that is what the two pilots ultimately decided to do. it meant that they went outside of the faa designated air space for about a 1:40 as it glided down. but in the end, nobody was hurt. according to virgin galactic, nobody on the ground could have been hurt and no other aircraft could have been hurt. they say that they're going to comply with this faa investigation. but the fact is they went out of their faa designated air space, the faa said you're grounded. >> and the reason they have those designated air space so if there is an accident you don't endanger other people. >> exactly. >> it is material. this is not the first safety

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but virgin galactic now prohibited from flying anymore flights.use just yesterday virgin galactic announced plans to launch a new crew into space in late september or october. >> thank you so much for that. keep us posted. >>> let's get a check on cnn business. jobs day. looking at markets around the world, a mixed close for asian shares but tokyo had a nice advance. and european shares have also opened mixed. big move after the prime minister said that he will not be running in the upcoming election. on wall street, stock index futures moving up after a record day. dow finished up a 131, s&p 500 and nasdaq all time highs. and weekly jobless claims, 340,000 americans filed for first time benefits. and today the august jobs report, we'll see if the delta variant has hurt the pace of recover iy or jobs growth. disruptions to the supply chain are major concern. and morgan stanley slashed its forecast to just 2.9% citing pressure from bottlenecks in the supply chain and the end of stimulus inspired spending. the bank expects 5.6% growth for the year.

stock three, virgin galactic, the faa cleared it to continue launches virgin galactic said high winds caused the changes and the pilots responded accordingly >>> turning our attention to delivering alpha, some of the most influential investors, political and economic leaders, all of them coming together for cnbc's annual delivering alpha event. these big names tackling critical issues facing investors across the globe and china proving to be a hot button issue. leslie joins us now with the key takeaways from the event. >> china and investability came up several times yesterday social investors said he can only invest somewhere he understands the rule so he's avoiding china. >> what i've seen the last six months has shaken my ability in what happens next. so it's a place i will right now read about and not invest in >> reporter: brad of al timter echoed a similar sentiment he said there's, quote, radical uncertainty about the future path >> certainly there's a possibility that this just is another pump in the road that everything reverts back and the stocks rip again but i don't think

. >>> the virgin galactic is in trouble with the faa.are joined right now from the new york stock exchange with diane king hall . >> reporter: trading has been underway and stocks are under pressure. right now the dow jones is down more than 100 points with the nasdaq down about 15 points up to some weaker than expected economic news. this is according to the labor department. it marks the worst job market performance since january. the nation's employment rate did take down, showing what was caused by the delta variant of the virus. >>> the faa has grounded virgin galactic. in july the rocketship veered off of his course and virgin galactic said high altitude wind caused the change in a flightpath. >> a bit of a setback. diane king hall with www.cbsmoneywatch.com, thank you. >>> there is drama of the field has hundreds of employees might vote to go strike this weekend . this is according to the union representing workers. they could walk off the job just before the giants face the dodgers tomorrow night. >>> a live look inside san franc

. >>> check out virgin galactic.d ground the company's space spaceshiptwo -- we have more details on that story strait ahead. we'll be right back. that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads. or these sandwiches... ten-x does the same thing, but with buildings. sweet. oh no, he wasn't... oh, actually... that looks pretty good. see it. want it. ten-x it. yum! i became a sofi member because i needed to consolidate my credit card debt. i needed just one simple way to pay it all off. it was an easy decision to apply with sofi loans, just based on the interest rate and how much i would be saving. there was only one that stood out and one that actually made sense and that was sofi personal loans. it felt so freeing. i felt like i was finally out of this neverending trap of interest and payments and debt. ♪♪ >>> wel

>>> now to sir richard branson's virgin galactic spacecraft grounded.rip into space back in july but the faa says it veered off course during that flight and they are investigating. transportation correspondent gio benitez is back with more. hey, gio. >> reporter: hey, michael, good morning again. yeah, i mean you remember this, virgin galactic said that that flight was picture perfect but now we're learning that's not the full story and now the faa wants answers before that ship can fly again. >> three, two, one, release, release. >> reporter: it's the flight that made history in july. >> pointed directly up heading to space. >> reporter: but this morning, the faa grounding sir richard branson's spaceship saying it at one point went off course for at least two minutes. branson became the first to ply aboard his own spaceship, beating amazon and blue origin founder jeff bezos by over a week. in a statement to abc news, the faa saying virgin galactic may not return the spaceship 2 vehicle to flight until the faa approves the final mishap investigation re

virgin galactic now has the green light to resume flights. tom: would you go up?ne: it is a little outside my budget, but i would definitely go. if you can pull some money, maybe we can go together. and electronic arts, i know you are a big videogame buff, up fractionally on the day. this stock has been on a five day run, now a six-day run. keybanc adding electronic arts, as well is activision, to its favorites list, saying videogame stocks are under value. tom: right now, we have been doing this all morning, annmarie hordern brought up panda cam. we have some action that goes directly to our next guest because we've got the beast out moments ago, playing with a soccer ball. jonathan: trying to find the beast now. tom: no, the beast went off camera. . but he was there moments ago, playing with a soccer ball, desperate to help tottenham. jonathan: you want to link this to premier league football? tom: he could speed up the midfield. jonathan: i can't make this work, tom. jordan rochester joins us next, nomura g10 fx strategist. tom: he will be there. jonathan: he w

i don't think it makes sense >>> take a look at shares of virgin galactic which are sinking. let's get to morgan. >> reporter: that's right. so shares had been up something like 3% and then crossing the pirs we get this updated statement. down 7% on this. we had known and it was tied to a new york er article a flight deviation tied to its last space flight that took founder sir richard branson to the edge of space. the faa coming out with a larger statement just a few moments ago including saying that, quote, virgin galactic may not return the vehicle to flight until the faa determines the issues related to the mishap do not affect public safety now this as virgin galactic announced it is targeting as early as later this month for the next space flight, a commercial space flight, revenue generating that will take members of the air force into space. in the meantime the company did say as a result of its trajectory it did drop below the space protected about 1:41 that quote, at no time did the ship travel above any population centers that faa representatives were present at th

. >>> ahead, one community helping hundreds of >>> ahead, a speed bump for virgin galactic.ee why the space plan may not be carrying tourists any time soon. you're watching "cbs this morning." some days, you just don't have it. not my uncle, though. hhe's really on his game. once-weekly trulicity lowers your a1c by helping your body release the insulin it's already making. most people reached an a1c under 7%. plus, trulicity can lower your risk of cardiovascular events. it can also help you lose up to 10 pounds. trulicity is for type 2 diabetes. it isn't for people with type 1 diabetes. it's not approved for use in children. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. serious side effects may include pancreatitis. taking trulicity with sulfonylurea or insulin raises low blood sugar risk. side e

the federal aviation administration says virgin galactic cannot launch anyone into space again untils flight was w. founder richard branson. the. if aa says the chip carrying branson and five virgin galactic employees veered off course during its dissent back to new mexico. the deviation put the ship outside the air traffic control clearance area. the ban comes as virgin galactic announces plans to alaunch three italian researchers to the hedge in space a few weeks. up next the broken promises on afghanistan. a look at some of the criticism hounding president biden. plus, a bird's eye view of ida's wrath of louisiana. ♪ >> bret: president biden facing increasing criticism for what some say is clearly a broken promise about getting americans and thousands of afghans who helped america out of afghanistan. white house correspondent peter doocy looks at the controversy tonight. >> afghanistan policy has not played out as advertised. >> if there is american citizens left we are going to stay until we get them all out. >> turns out all out means 9 out of 10. >> 90% of americans in afghanis

grounded virgin galactic, the space tourism company founded by billionaire richard branson.at during its maiden flight in july, the space plane veered off-course and outside the area cleared by air traffic control. the f.a.a. won't allow any new launches until an investigation is completed. well, there was a heartwarming reunion at wednesday night's chicago white sox game. during a jumbotron tribute to military service members, army sergeant daniel lacosse came up behind his family and surprised them. he served two tours in iraq and spent the past year stationed in kuwait. his wife and two children, you can see, sure were happy to see him. and so we say, welcome home, sergeant.oodness. i hope someone got him a beer and a hot dog. up next, leave it to new orleans-- a restaurant reaches out to feed the hungry, and does it in style. listen. listen. subscribe wherever you get your podcast, sponsored hauls liken , and powers like an f-150, it must be an f-150, hybrid. the 2021 f-150 powerboost hybrid with 570 lb ft of torque and 12,700 lbs of max available towing. before treating

. >>> it is time for your money watch report and why virgin galactic is in trouble with the faa.ined live from the new york stock exchange with diane king hall. good morning to you and happy friday. >> reporter: we will start with breaking economic data. the economy grew in august, but the number was weaker than expected. they were looking for more than 700,000. and employment rated go down to 5.2%. apple is easing its app store rules . this includes for spotify in netflix. it will allow these companies to offer a link to their website in the app . >>> the faa has grounded virgin galactic. it was founded by richard branson. in july the rocketship veered off course and was outside the area cleared by air traffic control. they said high altitude wind caused the change. the faa has an investigation. >> it sounds like love and the wedding rings. what is behind the surge? >> reporter: millennials are in a rush to tie the knot. ring sales more than doubled . company officials say millennials modified cold feet and the pandemic are now ready. >> i guess all of this time reluctant you ei

the news sent virgin galactic's shares down 3%. more than $7,000 in its biggest ever debt sale. >> investors are awaiting friday's u.s. jobs report hours from now. for the latest read on the health of the labor market. the report comes as fed officials continue to debate winding down monetary support later this year. joining us now is bloomberg's senior asia economics reporter michelle von reames go. we are looking for something like 725,000, a bit slower than the previous month. what is the expected force to push it higher or lower? it could have a big impact on markets. >> happy jobs day, kathleen. there's a lot to look at in this report. there is a double barrel headline focus. on the unemployment rate, it gets a little tricky. we want to see if it declined, it was due to good reasons, but people leaving the labor force out of discouragement or retirement. the overall on a planet rate should inched down to 5.2% from 5.2%. that means we need to evaluate the labor force participation rate. it could be more volatile as state jobles

liz: we've got a fox business alert here, a new delay clipping virgin galactic's wings into the closechard branson's space tourism company announcing its got to pushback its first commercial research space mission from later this month to mid-october, due to a potential defect in its space ships control system. this would have been virgin galactic's first voyage since july when its billionaire founder took his historic journey into the great unknown, yes. that flight now under investigation by the faa for a deviation in its landing. virgin galactic down 3.25%, then from one billionaire backed start up to another, china slam ming the brakes on elon musk 's groovy dance moves today after one of xi-jinping's top regulators said there may be too many ev makers in china, signaling a potential gear shift to consolidation, so does that mean america's tesla will be left without a steering wheel when the music stops? china is tesla's second biggest market and you know what the open, the news hit shares hard but look at tesla. its reverted and now up half a percent so elon can keep dancing , te

virgin galactic right now, is up about 13%.the moon today on a buy call from stifel. the bull move coming with a prediction of a potential 50% up side to shares, via the firm's $22 price target, rocket lab shares currently as you can see , up about 6.5%. lordstown rallying on reports is close to selling its ohio plant, to taiwan's foxconn. this is the same factory it bought from gm two years ago. this sale will give a much needed cash boost to the electric truck maker call it a wild ride for rideshares today as you can see , it's 6.5% gain. now on the flip side investors slamming the brakes on car max, despite beating on revenues, a miss on earnings, leaving the auto retailer stalled at bottom of the s&p, right now car max is down almost 11.5%. and kohl's on no one's shopping list today, at least of all bank of america. analysts of the big bank double downgrading shares from buy to under perform on supply chain crunches, warning the lack of inventory could dent sales specifically in kohl's active and women's private label lines

virgin galactic says it is working closely with the faa.aking swedish group abba is reuniting, coming out with its first studio album in 40 years. the album comes out november 5. that is your latest business flash. guy: thank you very much. kailey, abba was basically the soundtrack to me growing up. my mother listened to it in the car constantly on a cassette tape. gives you an indication how long ago this was. i think i have every song embedded into my mind word for word. kailey: i have to say i do not think i was yet alive when abba released their first album but i am a huge fan of mamma mia and therefore i know all of the songs. you can believe dancing queen was playing at my wedding because i do love to dance. i'm glad i will be alive for this one. guy: i think it will be fantastic. i know many in different generations are looking forward to it. let, look pretty good as well. -- lake cuomo looked pre-good as well. i do not know how to translate from that to the jobs market. president biden says we are still not where we need to be. he s

oficial que cualquier persona podemos soÑar con ir al espacio, compaÑÍa privada la primera fue virgin galacticntes de nicholas que se ven y este sistema que amenaza la costa este de estados unidos, en las prÓximas horas se convertirÁ en tormenta tropical y se acerque a nueva york. lunes la situaciÓn la costa este es hÚmeda pero nada para nosotros. vamos a ver lo que sucede este 20 de septiembre, tenemos la luna llena de la cosecha y el otoÑo que viene el 22 de septiembre, pero antes viene un anticipo para nosotros, vea la temperatura en corcord con 80 grados. napa con 73, san francisco en 65 grados. esto para maÑana. pero la presencia de lluvia por ese sistema que viene de alaska se acerca y el sÁbado por la noche el sistema llegarÍa al norte de california y traerÍa algunas lluvias. temperaturas en los 72, regresa el calor el lunes, aire seco pero seguiremos hablando de esto y mÁs al regresar. >>> este es un mes especial sino entre una persona y su mascota y el amor entre ellos. hablamos de desocupar los albergues, donde la adopciÓn es gratis. cetcada maÑana cuando me levanto vengo acÁ es una

the faa will not allow virgin galactic to fly pending a probe, according to reuters.ng you more on this developing story. this is bloomberg. ♪ ♪ and there you have it— -woah. wireless on the most reliable network nationwide. wow! -big deal! ...we get unlimited for just $30 bucks. sweet, but mine has 5g included. relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. switch to xfinity mobile and save hundreds on your wireless bill. plus, save up to $400 when you purchase a new samsung phone or upgrade your existing phone. learn more at your local xfinity store today. (woman) i don't want to look like this anymore. (man) what is happening to my body? (woman) why can't i lose weight? (announcer) you may be suffering from insulin resistance. measure your waist. females measuring more than 35 inches and males measuring more than 40 inches may have insulin resistance. to learn how to reverse insulin resistance and lose weight effectively, go online to golo.com. once again, t

the big hurdle virgin galactic just cleared. risetemperatures will be onth 'lta abouour warming d comi up jufew minutes. let's you live ide with our rce to camera. clear skies out there. it is 5:09. we'll be right back. working at recology is more than a job for jesus. it's a family tradition. jesus took over his dad's roue when he retired after 47 year. now he's showing a new generation what recology is all about. as an employee-owned company, recorovide od-pg locajobs what recology is all about. for san franciscans. we're oud to havbuecycystep helping to make san francisco the greenest big city in america. let's keep making a differene together. >>> good thursday morning to you. are you ready for sunshine and warmer temperatures? we've got it today. 73 in the afternoon in san francisco, 77 oakland, mid 80s in san jose and heating up to 90 in concord. after daytime highs over last few days below average, we are looking at above average daytime highs, two to seven degrees above average. we'll have more on the full forecast comin

. ♪ ♪ emily: shares of virgin galactic soaring. has given richard branson's company the green light to resume flights to space. an investigation was launched after the capsule carrying branson veered off course. virgin galactic has agreed to better communicate, and any flight changes to the faa. in london, deliver route expanding its partnership with morrison groceries. they are testing a mini facility center to offer rapid delivery of essential items which will allow deliveroo to deliver items and as fast as 10 minutes. whole foods market's, john mackey will step down. this marking a changing of the guard at the grocery chain that amazon acquired four years ago. mackey will be succeeded by current coo jason bacall before joining whole foods was managing director with -- coming up, a setback for tesla in china as chinese drivers successfully sue the company for fraud. what it could mean for the electric car makers in one of its most important markets. this is bloomberg. ♪ it's moving day. and while her friends are doing the heavy l

. >> specifically virgin galactic spaceshiptwo veered off path you're not supposed to veer off-path, so the faa suspended their flights. they have mended things, and virgin galactic said, they made the required changes and can return to flight operations, hence the reason you're seeing the stock up over 10% in after-hours trading. the fda closed the mishap investigation. >>> kristina, thanks grasso, are you still in this one? >> i am. this one was flirting with 60 around the june time frame this is a headline-driven stock, as we just saw it has a lot stacked against it. i don't think management does anywhere near the communication they should with shareholders, but this is definitely a tailwind for them. >> up 11%. the short interest is about 14%. >>> coming up we have a trader triple play. we'll bring you the trades >>> plus rolling over. how can you take cover dot n'go anywhere. you're watching "fast money" on cnbc , one day, you're gonna take a hit you didn't see coming. do you stay down? or do you get up? [announcer] and this fight is a long way from over, leonard is coming back.

big hurdle virgin galactic just cleared. >>> this was supposed to be a big hiring fair. where are the workers? what experts say is leading to a shortage. >> we are proud to launch new 3:00 p.m. newscast with allen martin every weekday before the evening news with norah o'donnell at 3:30. tune into people's court weekdays at 5:00 p.m. >> so excited about our new 3:00 p.m. newscast. did you feel it? we had a magnitude 3.4 earthquake at 5:45. we'll talk more about that coming up as well as those warm temperatures. we have a high fire danger as well and plenty sunshine. a lot to get to. >>> live to oracle park, today concession workers plan to ratify their new contract. 97% of workers were planning a strike against the ballpark for what they called unsafe working conditions and wages. they called off the strike yesterday after securing a new contract. the agreement will run through march 2024 including affordable family healthcare, wage increases, covid hazard play, increased pension benefits. >>> san francisco giants flying high before the playoffs. alaska airlines unveiled

primero fueron virgin galactic, despuÉs blue orgin, y ahora es esta.tre los 53 y 59 sobre todo en la lÍnea costera, maÑana serÁ un dÍa cÁlido, temperaturas todavÍa en los 98 hacia (nombre en inglÉs) y (nombre en inglÉs) 93 y (nombre en inglÉs) 98. calor, condiciones mÁs cÁlidas que las de hoy, el panorama lo vemos aquÍ, salir en esas elecciones especiales contra el gobernador gavin newsom. temperaturas cÁlidas. (informaciÓn en pantalla) buenas condiciones para salir a votar. regresamos. >>> muchas gracias. buenas noticias para todos los usuarios del (nombre en inglÉs). desde hoy las lÍneas se unen en un recorrido completo. (informaciÓn en pantalla) . >>> esta importante vÍa estÁ siendo repavimentada. harÁn mejoras en el condado santa clara, los equipos trabajarÁn entre las 8 de la noche y 6 de la maÑana de lunes a viernes. se estima que este proyecto finalice en 2023. (comerciales). >>> 5, 49. hablaremos del trÁfico. vemos la 101 a la altura de san josÉ, panorama estable con buena velocidad. vamos a la otra cÁmara, la 101. y vamos con otra pregunta mÁs

the news sense virgin galactic shares down nearly 3% at the close in new york.mand for components used in computer networks and smart phones will raise revenue for this chipmaker, higher than the average analyst estimate. brought comp sales its latest -- in the market between the cloud, 5g infrastructure, and broadband. a weaker than predicted forecast for the second quarter. in a statement, hp says profit will be lower. analysts average it at $.49 a share. . apple's generation smartwatch will push the limits on displaying the u.s. data. the watches will be bigger and featuring a faster processor. according to bloomberg sources, a new watch faces will be designed to make use --. the device has already faced production snags. rishaad: we go to the japanese prime minister suga saying that he will not stand for the leadership of the lbt. effectively not going to be prime minister after the elections in japan. this coming from the state broadcaster, nhk. we have seen the nikkei react -- 21 minutes before the lunch break, the nikkei was spiking up . so the news is do

rbi's richard bran's virgin galactic traveled 50 miles.ins, 11 minutes to 62, both three times the speed of sound another key difference, price. so galak lick $450,000 now for space tourism tickets. blue origins hasn't disclosed but some say the high six figures or low sevens. we don't know, guys, how much issacman paid for this spacex mission in addition to the $200 million, including $100 million he personally contributed for st. jude children's research hospital but what we know is that another private spaceflight startup axiom, which is contracted with spacex is $55 million per seat for those early customers with that first launch, first mission, i should say, expected to happen early next year. lastly, look at shares of shift four this is the only payments processing platform run by issacman those shares are trading higher today, too. >> to be clear on that, do we have a kind of chain of logic as to why the payments processing company stock should be up based on, you know, the founder going into space >> i will say -- >> in other word

the news sent virgin galactic shares down almost 3% at the close in new york.tapping the u.s. strategic petroleum reserves to supply vaccine supplies in louisiana after hurricane ida left much of the state's refining and oil production offline. authorization came after president biden said the u.s. would use all the tools at its disposal to ease pressure at the pumps. and apple's next-generation smartwatch is expected to push the limits on display user data. the watches will be bigger and feature a factor processor. according to bloomberg sources, watch faces will be designed to increase real estate. but the design expect -- expected to be unveiled is going to be next. and that your bloomberg business flash. anna, mark? anna: thank you. japanese stocks climbed to a 30 year high after a surprise decision by the prime minister to resign after just a year in the job. you should he do suga told the news conference he won't -- you should he do suga told the news he won't run again. the next leader is pretty much assured. let's get the latest on the politics with blo

your rewards. >>> time for the big money mo movers number one, virgin galactic. del delayed. richard branson's company said the decision was made after a third party supplier raised a flag over a defect and flight control system it provided that stock down 3% consumer credit reporting company transunion said to be buying neustar the price tag at $3.1 billion. the deal could help diversify the business and use all of your data a little differently. and epic games is officially appealing a ruling that apple's app store is not a monopoly. the ruling on friday, the judge ordered apple to change the app store set-up, but rejected allegations the company was running a monopoly those are the three key stocks of the day >>> still on deck, musk's new dogecoin adoption. the best new colleges ranked and flying the dry friendly skies. those are the top stories when we roll on right after this. >> announcer: today's big number $8.35 trillion that's the current level of the fed's balance sheet. the highest on record. that represents about 40% of the u.s. gdp ♪ ♪ i had the nightmare again m

same thing with the virgin galactic launch not too long ago, when richard branson went into space. that was another sub-orbital flight. this one was way beyond that. this was the highest manned mission to leave the surface of the earth since the days of the moon landings. >> right, for me, to go into space, i would certainly want to do at least one orbit, and they got to do several days worth of orbits at about the tune of 16 a day. and blue origin, virgin, and the guys back in the mercury days, yeah, they were early on just sub-orbital flights. we launched them up. they'd travel partway around the earth, maybe about a third and then turn back. for the inspiration four crew, they got to see the earth, in all its glory, got to relax, sleep, eat, use the toilet. they actually got to experience living in space for a few days, and i think that's an important distinction between a simple jaunt up in and coming back down ten minutes later. >> jon: yeah, it is really again quite an achievement for a private company to have really been this bold, to not just, you know, put them up there so

you brought up virgin galactic, and that's what made me think of that.mike in. >> look, i hate spacs. [laughter] i think, i think it's great that some people have made some money and that a lot of money has flowed into markets for them, but from a structure standpoint, these are blank check companies going out to make acquisitionsment and the only way that the management teams of the spacs make money and not have to return their comparable to investors is they make acquisitions meaning they're willing to pay price for any asset as long as it kind of looks good, and that's just not going to work out in the long run. so i've never thought that spacs were a good idea. there's been a handful that have worked out, this is kind of a craze, like, i'm glad some people have made must be, but to me, they're a disaster. lauren: they're a disaster. what do you like, in ten seconds, mike? >> i like the tech sector. i think that's going to be a leader for a while now. i think salesforce is on it way back after a selloff, only touching their highs from last year, so i'

to in virgin galactic stock. so there you have it i'm sorry i couldn't be with you today. but tomorrow, back at the new york stock exchange with you. >> all right, morgan, thank you. that will do it for us on "squawk on the street. want to check your tech, you say? well, "techcheck" starts now >>> happy thursday morning, we are checking your tech welcome to "techcheck. i'm jon fortt with julia boorstin deirdre and carl have the morning off. coming up today, apple's app store concession how pressure coming from overseas is changing the rules for all developers plus, alphabet stock at another all time high. listen up, new numbers out of youtube music could be the sound of the next growth driver. and then tips for tweets will users pay for access to their favorite follows and we'll start with apple, a series of lawsuits and regulatory challenges around the world changing the way apple runs its app store new last night as part of the settlement with the japanese regulatory probe going on for five years, apple says developers of readers apps, including newspapers, books, audio

virgin galactic insists nothing wrong happened.y say it's pilots modified the flight path as they were trained because of high altitude winds. the company acknowledged the spacecraft dropped low the altitude it was approved to flight for one minute and 41 seconds. bottlerock kicks off in napa today. guns and roses, the foo fighters, and megan thee stallion are headlining the three day festival. masks are required when visiting indoor venues. bottlerock attendees have to provide full proof of vaccination or a negative test within 72 hours of the event. i realized i left out miley cyrus. it is friday, and our guides are giving you a better weekend in the bay area. things constantly change with the pandemic, but one thing is for certain, they are safe and fun activities for you and your family. kumasi: here are a few activities to get your labor day weekend going. first, there was cinema and drinks, then pizza, and out she center is bringing the jokes. outdoor comedy night at the beautiful drive city. the team behind the secret comedy

it makes virgin galactic. look silly. it makes blue origin look silly virgin galactic seems to be kind of the tourist brand name blue origin seems to be big ego of jeff bezos. this is 90 minutes be circling earth. every 90 minutes, 17,000 miles per hour. 22 times the speed of sound of note. they're taking up march ukulele from martin guitars and 66 pounds of hops, abused and i'm sam adams. boston upcoming new stace batch or something like that. so yeah, it's getting weirdly commercial asked well, but that's the thing is i'm on a three-day day vacation. i got to share a bathroom and i can take a shower. is that part of the deal. >> i think you're probably looking more in a diaper just okay. >> live in, but it's limited. all right. i mean, i i do being economical about my vacations, but i just don't know if i want to cut those. >> luxuries out. now let's talk about the winner winner chicken dinner just love food trucks. and actually what i look at your top 10 most affordable food truck deals. yes, i i like the kona ice. >>

the faa has now grounded virgin galactic flights as it investigates what caused the rocket plane known its descent in new mexico. >>> we start this half hour, though, with the disappointing numbers from the latest jobs report falling far short of estimates. president biden blaming the lackluster figures on the pandemic. abc's deirdre bolton is here with more on the challenge to fill government jobs on a number of levels. good morning to you, deidre. >> reporter: good morning, eva. towns, cities and states, they are competing seriously for workers and, in fact, some are offering never-before-seen bonuses and other kinds of incentives. hiring in the u.s. downshifted abruptly in august with the smallest jobs gain in seven months. restaurants and bars and retail took the biggest hits. government employment also declined. >> in conversations with local governments, for them this is w they've seen in their lifetimes. >> reporter: with more than 10 million jobs unfilled in the u.s. economy, a record, there's more competition than ever for workers. in the broad category of government work, one

virgin galactic is blaming high altitude winds. the faa is delaying the next launch until this investigation is complete. >>> let's bring in rob mayeda back with us as we head into this labor day weekend. we got some issues to deal with here. the smoke. >> the air quality is going to be a big one to watch. the thing that used to be the cause of summer time, air alerts. you are seeing a little bit of that around san jose, 75 degrees. 80 on the way tomorrow. 85 degrees in walnut creek. we'll see low 90s there. more hazy skies. 87 at northwest winds at 10:00. still going strong around san francisco. downtown 60 degrees. west winds at 15. giants and dodgers coming up at 6:30. oracle park should be in the low 60s. look at that wind, low clouds moving in at times. look at morning temperatures showing the patches of low clouds, could have some areas of fog along the coast. reduced visibility at times as high pressure builds and push this fog down towards ground level, we'll see that for the morning and the afternoon, more hazy skies and a

. ♪ cheryl: a fox business alert for you, virgin galactic getting grounded in today's pop stocks. pace tourism company had been flying high most of the day on plans for its next space flight slated for later this month or early october, but the faa bringing down the hammer in the last hour, announcing it is barring virgin galactic from flying its spateship unity 2 -- spaceship unity 2 rocket until the company does an investigation into the dee -- deviation in the landing of the space flight last month, you know, the one we all watched on television? virgin dwhrak tick coming many for a pretty hard landing right now, and there is that video. that's the space flight that i'm talking about. anyway, that stock has taken a bit of a hit today, and as you can see it's down still. that was kind of off session lows but till down about 2.25%. >>> now, the sky's a little brighter for bitcoin today. the crypto climbing above the 50,000 mark earlier today, and though it's lost a little steam, bitcoin is actually still up, there's bitcoin right there and some of our cryptos, 39,395. -- 49,395.

richard branson is scheduled to join virgin galactic, a space test next week. jeff bezos plans to be on board his own blue origin spacecraft during the first manned mission later this month. and i know you think that this is a great thing. how does nasa think about itself in the context of private-sector investment in space exploration anits own role? >> more power to these space billionaires. now, they're not going into orbit. they're just going on an 11- or 15-minute ride to the edge of space, have about three minutes of zero g, and then come back. you will start to have private astronauts early next year start going into orbit around the earth. and we will have private astronauts that will come under the tutelage of a professional former astronaut that will visit the space station. so there's a whole new explosion of new kind of uses of space in the private sector. >> spacex rockets built by elon musk have already been used to power nasa missions. and spacex is designing a lunar lander that is intended to take humans back to the moon. you know, there are som

. >> reporter: there may be a commercial space race with virgin galactic and blue origin, who both recently went suborbital, but the great achievement here celebrated by all. tonight the crew in weightlessness has already started to gather scientific data that is hoped will aid future space travelers. unlike the extraordinary human specimens that are nasa astronauts, the inspiration are for our average americans. how does space travel affect their hearts? how is their blood impacted by radiation? are their cognitive abilities impaired their laundry list of work will occupy a significant portion of their three-day mission. spacex founder elon musk tweeted that he has spoken to the crew, and they're all okay splashdown is scheduled for saturday lester >> glad to hear it's going well kerry, thank you >>> in just 60 seconds, a prominent south carolina lawyer arrested tonight after allegedly trying to stage his own murder we'll have details coming up. >>> that south carolina lawyer who allegedly tried to stage his own murder was arrested today on charges related to the scheme the latest chapter

virgin galactic is grounded. >> labor day weekend is almost upon us.pite the covid virus spreading across the nation. this is expected to be a very busy travel holiday. in fact, this was the same oakland international airport today. airport officials say tomorrow and monday will be the busiest days federal law requires travelers to wear masks inside the airport and on the airplanes, the cdc has recommended that unvaccinated people not travel at all this holiday weekend. we spoke with travelers today who said even though covid continues to spread, they feel ok about traveling. >> we beat had that that scene. so that decreased some of the anxiety of we saw the precautions hand sanitizers, 6. 6 feet apart when possible. >> and wear the mask. >> the cdc also says that unvaccinated people who flies should get tested before and after they travel and that they should wear masks at all times and try to maintain social distancing. well, talking about flying. let's see how things look at sfo is a rolls by the airport there. and it looks pretty calm out there. la

federal aviation administration grounded virgin galactic flights as the regulator instigates how richard's spaceflight drifted off course during its climb. the british billionaire fulfilled his life in july by flying his lane 50 miles into the sky. the new yorker magazine revealed how it flew for a time outside of a preagreed airspace and his company has disputed the article. you are watching bbc world news america. still to come tonight on the program, we hurt -- we hear from a victim of child abuse as an inquiry finds blatant hypocrisy in the ways that dozen of religious groups deal with the issue. now, extreme weather in spain. thousands of homes have lost power and roads and rail links have been forced to close after intense raiding to flooding. coastal towns in catalonia bore the brunt of the storm. courtney bevage has more now on this story for us. >> straights turning to torrance with a powerful stream of water swallowing up cars, furniture, and trees. this video captured by emergency services in catalonia where the coastal towns were hit particularly hard and dozens had to be res