there is so much to say about virgin galactic launching into orbit.int out, longer-term and has not been a great ride. >> let's talk about the ticket sales. would you go to space? matt: obviously. >> i would not. matt: it would be so much fun. >> i cannot even do roller coasters. for those in your camp, you can actually go to space, make a deposit of $150,000 with a total cost of 450,000. that is how much it will cost for a 90 minute spaceflight. the ceo says they plan to have their first 1000 customers on board later this year in the launch of essentially their first commercial flight. an it would included some zero weight gravity time, similar to the kind you saw with richard branson last year. but since he took the flight in july, the stock has actually dropped, dropping about 80%. it's competing with the blue origin but also dealing with regulators, they had to grounded flights recently, too. but they did get back up into the air. i want to show you how it is relative to its peers. we looked at the cost relative to a civilian trip to the internati

however, social capital is one of the top three shareholders in virgin galactic. about this news today is about how quietly it's happening and how abruptly it's happening given the fact that chamath is stepping down immediately and virgin group's chief investment officer and a longtime board member since 2017 is basically taking over as interim chair as the company now searches for a new chairman it comes in a very busy week for virgin galactic after the company opened ticket sales, and you saw the stock spike more than 30% on that news and it's given up those gains and now just today it's down another 7% on this chamath news, and it speaks to more broadly, guys, as you touched on just how hard hit the broader spac sector is virgin galactic is what popularized this investment vehicle in 2019. >> and he's the guy who pioneered it, who wanted us back for every letter of the alphabet he has made a killing on this investment in particular, he was able to get out of the right time pitching this as an investment for retail investors to get into to hold for the long term

and speaking of space, virgin galactic is reopening ticket sales to the general public. on wednesday last year, the company fluids flamboyant, found a richard branson to the edge of space. virgin galactic is just one of the firms looking to blast tourists out of the earth atmosphere at $450000.00. a ticket its share price rocketed by over 30 percent on the news. as close to our financial correspondent on wall street, he and his quarter because he hands virgin galactic wasn't the only stock that took off today at why were traders feeling a little more optimistic on tuesday? yeah, we definitely had quite a reversal from the trading days prior. we had sort of 2 forces fighting against each other. on the one side, we had another set of red tod inflation. a data producer prices up by almost 10 percent in comparison to last year. so produce a pro price as being what companies that pay their suppliers for grey and for energy for packaging, for materials and the like that. then on the other side, we had this optimism that the tension between russia and ukraine are using and that

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and finally, private space flyer, virgin galactic is sets a re open ticket sales to the general public. last year the company flew as flamboyant founder, richard branson, to the edge of space. virgin galactic is just one of the companies looking to blast through us out of the earth. earth at earth's atmosphere other but it'll cost you a cool $450000.00. a ticket. the share price of the company rocketed up by over 30 percent on the news. right. that's it for me and the dw business team here in berlin check us out online dot com slash business is watching. ah ah. with a co owner virus pandemic. you have been devastating for some businesses own deliveries have been brought to a standstill in many jobs are in jeopardy. has globalization run its course? or are there new opportunities? our topic this week long cove, its effect on business weighed in germany. in 90 minutes on d w, shift, you're a guide to life in the digital world. mm. explore the latest online trends. navigate your way through the digital jungle. get a global perspective. we'll be your guide and show you what's possible. you

and finally, private space flyer, virgin galactic is sets a re open ticket sales to the general public. last year the company flew its flamboyant founder, richard branson to the edge of space. virgin galactic is just one of the companies looking to blast through us out of the earth. earth at earth's atmosphere other but it'll cost you a cool $450000.00 a ticket, a share price. the company rocketed up by over 30 percent on the news. all right, that's it for me and the dw business team here in berlin checks out alive. the v dot com slash business is watching. ah, there carefully selected and picked by hand. they're considered harbingers of spring. snow drops from georgia. the wild flower trade in the caucasus is booming, the flowers bringing the millions for some of their sellers. but what does the business me for the local pickers and the environment? close up next on d w. what secrets lie behind these walls? discover new adventures in 360 degrees. and explore fascinating world heritage sites. d w world heritage 360. get the app now you know drops one of your hoops. most popular flowers

and finally, private space flyer, virgin galactic is sets a re open ticket sales to the general public. last year the company flew its flamboyant founder, richard branson to the edge of space. virgin galactic is just one of the companies looking to blast tourists out of the earth. earth at earth's atmosphere other but it'll cost you a cool $450000.00 a ticket. the share price, the company rocketed up by over 30 percent on the news or that's it for me and the dw business team here in berlin. check us out online. the v dot com slash business is watching. ah, ah, with a 2 years of corona virus pandemic have been devastating for some businesses. deliveries have been brought to a standstill and many jobs are in jeopardy. has globalization run its course? or are there new opportunities our topic this week long cove, its effect on business made in germany in 30 minutes on d. w. oh. we're all good to go beyond the obvious or as we take on the world. 8 hours, i do all the fans. we're all about the stories that matter to you. whatever it takes, 5 police, my follow me pain. deal we are, your is a

and finally, private space flyer, virgin galactic is sets a re open ticket sales to the general public. last year the company flew its flamboyant founder, richard branson to the edge of space. virgin galactic is just one of the companies looking to blast through us out of the earth. earth at earth's atmosphere other but it'll cost you a cool $450000.00 a ticket. the share price. the company rocketed up by over 30 percent on the news or that's it for me and the dw business team here in berlin check us out online. the v dot com slash business is watching. ah ah ah ah, what is whack and play is play. but nothing emulates me every day unless you know, quite like a medication play for learning, gives everyone the freedom to discover that unimagined potential energy increases productivity. how games help in everyday life. play. go learn in 30 minutes on a d, w. one of mankind's oldest ambitions could be within reach or what is it really is possible to reverse aging researchers and scientists all over the world are in a race against time more life in 75 minutes, d, w, shift your guide to life

but with virgin galactic, you only get 90 minutes of enjoyment as part of their signature, air launch, and mach 3 booth to space. now stock in the company went on journey of its own on the news, skyrocketing 30 percent on tuesday, but that barely makes a dent on the losses it is face since it came back to earth following branson's launch in july of last year. you know, it's interesting because we covered all of these big space launches. all of these billionaire is going to space and now they come to you and they say, hey, it's only half a $1000000.00. and isn't that a space? i mean, i guess if you look at it in comparison to the $55000000.00, you'd say half a 1000000. not bad, but it also kind of feels like this is what i've always kinda thought with the branson. virgin galactic space launches is. it's kind of like a roller coaster with them, you know, you take off on a plane, you get the jet boost off the plane. it's like that there was a superman film years ago who that got to try to do this similar idea. and i think like that's what that is that the roller coaster, i don't know if,

currently up about 1%, carl, for virgin galactic in the after hours trade.ee what kind of extra context we get when that conference call kicks off at 5:00 p.m. eastern >> meantime, got an earnings alert on palo alto networks. let's get to christina parts nev alose. >> 13 straight quarters palo alto pete on the top and bottom line it came in at $1.74, higher than estimated. and a number that a lot of analysts were looking at was the full year revenue guidance to see how they're projecting growth into the future full year revenue guidance did come in slightly higherer but it does show slight growth deceleration i would like to take it from a further point of view, macro point of view, revenue still growing in the mid-20% range the company said they had strong cybersecurity demand, everybody is switching over to the hybrid work schedule so they're benefitting from that and the third thing is they're growing their cloud business those are three drivers for the stock driving the price up over 6% right now palo alto top and bottom line beat at the moment so strong

pal happen tia we are looking at the so-called spac king. >> before stepping down from virgin galacticrd, pal happen tia he sold his stake in two watches. the first in december, cashing out about $98 million of shares at an average price of about $25 a share. the second sale was last march that was about $213 million and over $34 a share the shares now trading at around $8 he still has shares indirectly through social capital that's the investment fund last year when he sold, he told cnbc he planned to redirect the sale to a large investment to fight climate change now, so far it's a little unclear what that investment might be he also said at the time that he remained, quote, as dedicated as ever to the virgin galactic team, mission, and prospects now, he did make a similar sale at sofi, selling 15% of his total stake. that's when it was selling twice where it is today. now that -- that's a basket of ten companies that became public through spacs that he sponsored. that total basket is down about 40% today. and along with cashing out of his companies, though, he has also once in a whi

now it will officially open up sales for tickets to the edge of space starting on wednesday, virgin galactic plans itself. $1000.00 tickets that $450000.00. a pop those who take the company up on their offer. we'll have to put down in an initial deposit of $150000.00. so just a little bit of small change there. now, while the flight may sound incredibly expensive, it's a far cry from the $55000000.00. 1 bill, you would pay for a 10 day orbital space, ex flight, but with virgin galactic, you only get 90 minutes of enjoyment as part of their signature, air launch, and mach 3 boost true space. now stock in the company went on a journey of its own on the news, skyrocketing 30 percent on tuesday, but that barely makes a den on the losses it is face since it came back to earth following branson's launch in july of last year. you know, it's interesting because we covered all of these big space launches. all of these billionaires going to face, and now they come to you and they say, hey, it's only have a $1000000.00 and you can get a space. i mean, i guess if you look at it in comparison to the $550

virgin galactic announced will open space travel sales to the public for the very first time.o spare? that's much you're going to need. the virgin galactic space program, the ghosts for the tickets, jon, $150,000 against the total $450,000 starting price for one of these tickets. and just a note with that, only $25,000 of that deposit is refundable if you change your mind. that being said, virgil galactic has sold hundreds of these tickets on advance sales. and that fund soaring 32% in trade on tuesday. but it must be said you won't be take a flight with richard branson because he's been selling $1.25 billion worth of stock in virgin galactic in the last couple years. and he actually broke his own dream crossing the u.s. space boundaries. unlikely he'll be your co-pilot. >> at that price, confident to saying i'll be staying here on earth. thank you so much. >>> still ahead, sacrificing your beliefs just to fit in with the crowd. it's an idea that can explain some of the strange behavior we've been seeing in politics. we'll dive into that with author todd rose next on "way too

chamath stepping down from the board of virgin galactic a staggering 83% down.ok it public in 2019 and sold the last of the personal stake. at the time it was worth more than $200 million. today he says he is leafving the board in a move expected the spac king said he looks forward to flying to space with the company and speaking of spasz flights leadership changes coming on the heels of a rebrand and galactic opening ticket sales to the public. they did that on wednesday with seats startinging at $450,000 and a goal to reach 1,000 reservations by the time commercial service launches expected in the fourth quarter of this year hopefully getting more details in earnings on tuesday >> would you go up in space? >> yes. >> you would >> yes. >> no doubt? would you pay 450 grand to do it >> if money were no object, yeah. >> interesting oh well. we hope he gets a ticket for all the work gets a flight out of this. >> 700 reservations so far. >> way to go. >>> global cyber insecurity as tensions with russia worsen. is there a heightened risk of cyber attack in the u.s. n

shares of virgin galactic are soaring today.pany says ticket sales for journeys into space will start tomorrow. the price, a cool $450,000 area commercial service is expected to begin later this year. virgin galactic was launched by billionaire richard branson. the phone carrier targeted by kkr last november, telecom italia, may reduce its italian workforce by as much as 1/5. the ceo is considering a peace structure and planned -- a restructuring plan that could include up to 800,000 job cuts. intel has stepped up its push into the outsourced chip manufacturing business. become an he has agreed to buy tower semiconductor for about $5.4 billion. our is based in israel. -- tower is based in israel. that is the business flash. guy: let's talk about what is happening in these equity markets. let's talk about what is happening more broadly. credit suisse taking a more cautious stance when it comes to stocks. the swiss bank is concerned about wage and inflation spirals. with us is curtis weise -- is credit suisse's head of global equi

those shares are up about 2% but another holding we're watching closely, virgin galactic, the companyly chairman is stepping down, no longer on the board of directors, to focus on other public company board commitments. chief investment officer will be interim chairman as the search gets under way but that news is taking investors by surprise. you can see that reflected in the shares, down another 4% in what is already a busy week for galactic after it rebranded and opened ticket sales to the general public earlier this week at a starting price of $450,000 a seat social capital is still one of the top three stakeholders nonetheless, this does raise some questions it raises questions around where pal palihapitiya will spend his time and it raises questions about the direction that longer term of this company because you will recall when he came on cnbc back in 2019 with sir rich and branson to talk about why he was investing in this company and going to take it public, there was a lot of focus on hypersonic travel, this idea of point to point travel around the globe. which has been a l

planeando sus vacaciones ya estÁ la opciÓn del turismo espacial con viajes fuera del planeta, virgin galactico. - ¿qué hizo? - es lo mejor que te pudo haber pasado. - ¿cómo puedes decir eso? - llegó el momento de dejar de vivir esta mentira y recuperar a la mujer que amo. - todavía quieres a george, ¿verdad? - la verdad, no me gustaría tocar ese tema contigo. - sé lo que es querer a alguien que sabes que nunca a estar contigo. - me confesó que ella había matado el papá de clío. - ¿qué...? - ¿por qué permitiste que se fuera con ese pobretón? - tú y yo tenemos que hablar de nosotros, de la locura que es que tú y yo sigamos juntos.

profits and virgin galactic selling tickets to space for $450,000 is a plans. more commercial flights this year. that's 4.90 minute space flight. the flight will launch from new mexico live from the nasdaq market site. i'm jane king. >>in the meantime, new legislation introduced in the state assembly is aiming to improve the diversity of california grand juries. this would allow for gender age, race and ethnicity to be considered in the jury selection process. it would help to make juries more representative of demographics within the area. it would also increase the pay of grand jurors gt during a trial right now, acting on a grand jury is mostly voluntary with very little compensation. thanks for joining us here on kronon at noon. i'm noelle bellow. we'll see you right back here at 3 o'clock. have a good one. >>the news continues on kron on grab your phone and scanned the qr code on your screen to download the kron on app. also available on roku. amazon fire stick and apple tv. >> so, we scrubbed every shelf. >> that's a lie. >> judge tanya: do not interrupt.

stuart: virgin galactic stock is vaccinated. thanks.sky to take the masks off kids. we will take that on. police arrest the freedom convoy's top leaders. the protesters are not backing down. the latest report from ottawa next. dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones let's partner for all of it. it's beautiful out here. it sure is. and i earn 5% cash back on travel purchased through chase with chase freedom unlimited. that means that i earn 5% on our rental car, i earn 5% on our cabin. i mean, c'mon! hello cashback! hello, kevin hart! i'm scared. in a good way. i'm lying. let's get inside. earn big time with chase freedom unlimited with no annual fee. how do you cashback? chase. make more of what's yours. stuart: i see some green on the market. the nasdaq is down 65 points. some stocks are moving. show me deare. lauren: it was higher because they put out a good report card and raised their forecast. they

virgin galactic is selling tickets to space for $450,000. deposit. >> in order to secure your spot in line. the firm says it will begin launching customers to the edge of space from its facility in new mexico. by the end of this year on a first come first serve basis. there are currently 700 future astronauts already on the waitlist. some of them have been on there more than a decade. so if you'd have $450,000, you don't know what to do with just put your name on the waiting list. there are new covid restrictions that are being eased and that wedding boom is expected to follow this year because of it. weddings are also going to cost a lot more. according to the wedding report, nuptials will cost as much as 15% more because of inflation in high demand for ceremonies before the pandemic, the average cost of a wedding was around $24,000. it's $27,000. now they got to add in, though, the price of the ring and the honeymoon. so you're looking there to spend about 38 grand. this is love grant. still ahead, doctor. happy tooth has been a big hit in

. >>> virgin galactic taking reservations for flights into space again.,000 a seat a deposit of $150,000. virgin galactic shares are up 20% on the news, but the stock is still down more than 80% over the last year. >>> moneygram going private at a $1 billion cash deal madison dearborn will pay $11 a share. shares are up 18% today. 50% since the first report of a possible buyout two months ago dierdre, back to you. >> thank you >>> crypto startup blockfi has agreed to pay $100 million to the s.e.c. and 32 states to settle charges against its retail crypto lending product. the s.e.c. saying the company illegally operated 18 months as an investment company. blockfi is applying to register with the s.e.c. to offer a new product called blockfi yield what does it mean for the future joining us now, co-founder and ceo zac prince great to have you with us. i want to talk about the product you've been selling. you've made yields of 8% or more on some crypto by lending it to institutional investors. what do you take from the investors on the back end as collateral

taylor: you were talking about buying a virgin galactic flight. romaine: that's experiential. would spend money on that. caroline: he's already bought all of his tights. . romaine: exactly. taylor: coming up, americans are returning to the old habits with credit card spending back up. we will discuss what is fueling that move. this is bloomberg. ♪ caroline: today's triple take. focusing on consumer spending after today's a retail sales numbers. while demand is holding up against inflation data, how long and how sustainable is it? where is the money coming from? romaine: it's coming from credit. this is the number of u.s. credit cards and the amount people are swiping those. it was the biggest we've seen going back in 22 years. it talks about the money people spend and how the pandemic spending was because of actual cash. savings, fiscal stimulus. we are seeing a shift where people are going back to credit, whether it's credit cards, auto loans, mortgages in some cases. but at the end of the day, more debt. taylor: dare i say it, unlimited qe has that effect. and thankfully wha

virgin galactic reveals the price tag. >> for a trip to space and disney.e ditching the mask requirement as long as you're vaccinated. jane king live at the nasdaq with those stories and why jane? >> the high darya. good some certain lot of families planning spring break trips to destiny. so this is something they want to know face coverings will be optional for fully vaccinated. disney park asked both indoor and outdoor locations. this will start on february 17th. so august 2 years old and older, we'll still have to wear a face mask, though, an enclosed transportation like buses. well soaring lumber prices adding nearly $19,000 to the cost of a new home. the national association of home builders made that assessment lumbers about 3 times the average prepandemic price right now and american farmers are paying significantly higher prices for their we've killing chemicals, crop seeds, fertilizer equipment, repairs and labor. the wall street journal says all of that could contribute to even higher grocery bills this year can also eat into farmers. profits and

>> virgin galactic has you covered. tickets go on sale tomorrow for its upcoming spaceflights. reservations for the 90 minute journey up and back point >> it may be the final frontier for your bank account. each ticket costs $450,000. >> only. >> and you need to put down a third of that upfront. >> that is a down payment to the house. >> at least. i don't know if i want to be the first. i would rather be the 200,000 person to do it. >> maybe work out the kinks. announcer: it's time to play "family feud"! give it up for steve harvey! [cheering and applause] steve: how y'all? i appreciate that. thank you, everybody. i appreciate it. well, welcome to "family feud," everybody. i'm your man steve harvey. [cheering and applause] got another good one for you today. returning for their third day, fbu it's the champs, it's the jemiolo family. [cheering and applause] and from california, kentucky... [laughter] it's the seiter family. [cheering and applause] everybody's here trying to win theirselves some cash. somebody might have a shot driving outta here in a brand-new car. [cheering an

breaking stepping down as chairman of virgin galactic and will leave the board.take the company public via of spac in 2019 the company appointed evan lavell as interim chairman i don't know what the story behind the story is. >> that's all we know. >> what about $9 a share came out of the gate at 48 was as high, it looks like -- as high as -- close to 60 at one point. 54 55 bucks it's at 9 now. >> i'm sure there will be more to come with the story we'll continue to watch it. >>> when we return -- >> i want to say for all those giving us a hard time about asking challenging questions of spacs early on here we are. >>> when we come back, oil headed for a weekly loss after starting the week at an eight-year high. we'll have the latest on the russian impact wti down 2% this morning to $89.84 we'll be right back. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> tension between russia and ukr

. >>> plus the future of human space flight richard branson's virgin galactic said it's on a slow burnith us (rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! - [announcer] bito, the first u.s. bitcoin-linked etf. alright, so...cordless headphones, you can watch movies through your phone? and y'all got electric cars? yeah. the future is crunk! (laughs) anything else you wanna know? is the hype too much? am i ready? i can't tell you everything. but if you want to make history, you gotta call your own shots. we going to the league! what does a foster kid need from you? to be brave. to show up. for staying connected. the questions they weren't able to ask. show up for the first day of school, the last day at their current address. for the mornings when everything's wrong. for the manicure that makes everything right, for right now. show up, however you can, for the foster kids who need it most— at helpfosterchildren.com >>> energy is the top performing sector of the year, and the only one in positive territory, outperforming financials, about flat crude prices skyro

now it will officially open up sales for tickets to the edge of space starting on wednesday, virgin galactic plans itself. $1000.00 tickets at $450000.00. a pop those who take the company up on their offer. we'll have to put down in an initial deposit of $150000.00. so just a little bit of small change there. now law, the flight may sound incredibly expensive. it's, ah, are they just getting off the ends of the program as expected? a top tier brazilian delegations in moscow right now earlier in the day, the 2 countries of foreign secretaries put their heads together. now the presidents of both in our own food and i've also been talking and get about to give the media the low down on what was said. so let's go live to the kremlin now for that particular senior, accepting the invitation and came to russia and unofficial visit to strong its precedence 1st, to meet your store of it to our account tree. i would like to say that rash and brazil are traditionally tied. i, relation, self friendship and mutual understanding, partnership between our countries. it covers such a lot of teacher areas and

earnings also and virgin galactic kriti: and tomorrow, news coming from overseas.the earnings committee and barclays, rio tinto, there is no shortage of earnings rolling out. we will watch all the latest updates on bloomberg television, coming up. stay tuned for balance of power on bloomberg television and radio. this is bloomberg. ♪ switching wireless carriers is easy with xfinity. just lean on our helpful switch squad to help you save with xfinity mobile. they can help break up with your current carrier for you and transfer your info to your new phone. giving you a fast and easy experience that can save you hundreds a year on your wireless bill. visit your nearest xfinity store and see how the switch squad can help you switch and save. switch to xfinity mobile and get connected to the most reliable 5g network. talk with our helpful switch squad at your local xfinity store today. - [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of

shares of virgin galactic a jumping, tickets for journey into space will start tomorrow. the price is $450,000. commercial service will begin later this year. the money gram has agreed to be acquired by dearborn partners in an all cash transaction valued at $1.8 billion representing approximately 50% premiums of money gram's closing price. global news, 24 hours a day on-air and on quicktake, powered by more than 2,700 journalists and analysts in more than 120 countries. this is bloomberg. ♪ >> the fact that no one really knows what the sanctions could be, no one knows if russia is actually going to attack or not, despite the headlines, that uncertainty can also raise prices. jonathan: what a rally it has been year for 2022. the atlantic council. futures are higher of 1.5% on the s&p coming back a little from session highs. the nasdaq 100 of almost two full percentage points. crude backing down, lower, heading south by 2.9% to $92.75. tom: a definitive conversation with the professor of international relations, an important group effort, the retreat of the west, which was

virgin galactic, which went public about two years ago through a spac, determine giving up the chairmanstepping down from the board altogether. tom: thank you so much. what i just saw there, this goes back to the aerospace, i just saw a major flight from qatar airways abandon the landing. i can honestly say i have never seen that in my life. cayman above the runway. couldn't do it, lifted up and turned away. jonathan: we are talking about immense skill for any pilots coming into heathrow. for anyone in the u.k. experiencing these winds, stay safe. it is tough out there at the moment. tom: it is very important. i want to be very careful. i don't want to name the flight, but it was really a sword in every to see, and we thank big jet for helping us stay on that on radio and television worldwide. right now, colin martin joins us, fixed income strategist at charles schwab. short duration is done. you want to go out. what is the strategy to get away from the addiction of being in the triple leveraged all-cash fund? [laughter] collin: we think it makes sense to not abandon short-term holdings

. >>> virgin galactic has announced plans to outsource some of its assembly it's revealed its move in its fourth quarter results which were mixed lit speed up costs allowing for production of six spaceships per year they're expected to be able to fly weekly, a higher frequency than the company's two older designs. >>> tesla has reached a settlement with the epa over violations of the e.v. act they violated the rules when it came to air pollutings from the vehicle coding operations at its california fremont facility. they had multiple fires during those years. and, brian, tesla will pay a penalty of $275,000, which is a drop in the bucket compared to the $2.3 billion it made in net income during the fourth quarter. >> yeah, not that much of a hit. but i will say this, not making a comment on mask efficacy it is nice to see smiles, is it not, silvana >> it absolutely is. >> it feels like we're going to see a change, knock on wood. let's hope we're getting started on a busy day. when we come back, the latest from ukraine as a growing list of leaders join america in slapping sanctions on

plus, virgin galactic lifting off, announcing a limited opportunity for the general public to buy futureuborbital service that's expected to launch later this year total ticket price of $450,000 that's where it starts down payment of $150,000, and you could see shares of the company up about 15%, almost 16% on this news however, still down more than 80% over the last year of trading. finally, we will end with advanced auto parts. under pressure despite beating analyst earnings, expectations company sales coming in higher than a year before, but inflationary headwinds putting a dent in profit those shares are down about 3% right now. we're going to discuss with ceo tom greco coming up this hour. carl >> meantime, markets get a boost after russia announced it's pulling back some of its troops near ukraine amid these invasion fears. kayla tausche is live with the latest >> good morning, carl. the move is seen directionally as a positive, but it is still too early for the u.s. to make an assessment about what it means for president vladimir putin's intentions earlier today, defense secretary

shares of virgin galactic soaring after opening ticket sales to the public. $450,000 each. have to deposit $150,000 the stock is up, but down 80% from the highs last summer over to frank for a news update. >>> here's what's happening at this hour. one of the former officers involved in the killing of george floyd is on the stand in his civil rights trial he says it's not unusual for cadets to use their knees during handcuff training and he was never corrected for it two other former officers are expected to take the stand >>> on the news tonight, prosecutors say ahmaud arbery's killers had a history of using racial slurs the opening statements set up the hate trial that is still to come that's tonight on 7:00 eastern >>> president biden will get remarks on ukraine in about two hours. the white house says he will reit tate he's open to talks to deescalation tensions between russia and ukraine >>> and a woman in new york city appears to have been cured of her hiv infection. she was given a stem cell transplant and blood transfusion more than 15 months ago. doctors say she has

this is virgin galactic and they're the ones that have that little space plane on the bottom of a biggerflies out to the release is you write rocket engine fires and then that's what kicks you off into weightlessness for for what i'm known for, like 5 minutes. couple of minutes. a couple of minutes around. most of the flight is getting up to altitude so that they can really shoot and fire the rocket. and then the rest of it is your slow glide all the way i know you've idea to get a fight and come back. never everybody that pitched it. kevin, what our director that's not what if you're interested? yeah, you know, on sale today. 56 that i will take a break. coming up in the next hour. all bay area counties except for santa clara county can now lift their indoor mask mandate. it will be a business by business decision, but crawford's will trend is standing by live with a look. >> at what the folks out there thinking about that and local lawmakers have renewed their fight against covid misinformation. we'll have details on a couple of new bills that was just unveiled to tackle the problem an

virgin galactic space tickets are now open to the general public.rcial service is expected to begin this year. the cost of a 90 minute flight to the edge of space is $450,000. there are too many places on this earth i have not seen. kumasi: but if you are in space, you can see all of them. reggie: for 90 minutes. kumasi: that's enough time. reggie: $450,000. kumasi: save up. reggie: can you imagine the years of vacations you could go on for that amount? you could stay in the most luxurious resort. kumasi: you could, like every body else. reggie: [laughter] or you could have 90 minutes of bliss. kumasi: revelatory want to space? you can impress a lot of people. reggie: it better include a lot more than just that. kumasi: we need some details. it needs to be top-notch. i feel like it will be. reggie: you think it will be? kumasi: yeah. reggie: ok, i'm doubtful. virgin usually does it right, though. kumasi: they will make it an experience. reggie: i went on their plane one time, the virgin atlantic, and they had a full bar on there. i sat down, went to

virgin galactic's space ticket reservations are now open to the general public.ial service is set to begin this year. the cost of a 90 minute flight to the edge of space is 450,000 -- $450,000. drew: no. reggie: that's ok. kumasi: you could buy a piece of a house, or you could go to space. drew: you could buy one room in the house. reggie: you could maybe get a parking spot for a couple years. drew: all cash. i like talking about space but i've never wanted to go to space. ethic it is because i'm a little claustrophobic and i can barely fit into any capsule. for 90 minutes, you go up and then you are down. reggie: i am unclear about the bathroom situation. kumasi: i don't know how that is going to work. you could hold it. drew: you know they will put you in that capsule like eight hours before. reggie: for $400,000, i don't want to hold it. drew: for half $1 million, i don't want to think about it -- for half $1 million, i don't want to think about it -- for half a million dollars, i want to thing about it. get some pictures, it is called the full snow moon in th

. >>> shares of virgin galactic crashing back to earth on news that the chairman of the board, the manblic back in 2019, has resigned from the if -- from the post. in a statement, he said that he was leaving to focus on other existing board responsibilities. he's going to be replaced by board director evan love el until a new chair -- love vel until a new chair is chosen. stock down almost 7% right now. [background sounds] cheryl: celebrities are racing to be part of this year's daytona 500. going to feature cars owned by nba legend michael jordan, floyd mayweather jr. and grammy award-winning artist pit bull. connell mcshane going hollywood on us at the racetrack to tell us how the celebrities can help the sport grow. hey, connell. >> reporter: i don't know the it's hollywood or not, but it is fun here, cheryl. it's my first time in daytona, and it's about to get very loud during this report one of these truck series cars comes by. to your point about the celebrities, yeah, they're excited. they're going to have the daytona 500 sold out this weekend, a lot of fans checking it out toda

. >>> virgin galactic reaching for the stars after the space tourism company posted a smaller than expectedsition actually improved. the company also held on to its expectation that it will be able to launch flights to the edge of space during the fourth quarter, and we've got the stock down 82% over the past year, right now it's off its highs, but it's still up about 3.25%. >>> tjx company's on sale that this hour after the retailer which owns the tj maxx and home goods sales reported earnings that missed analyst expectations blaming temporary store closures and fewer customers due to a surge in cases of omicron during the holiday season. you can see tjx is swooning by 4%, but ross stores is down even more, 4.5%, and the reel reel which is scheduled to announce after the bell is falling 7.8%. >>> activision blizzard may be delaying the 2023 release of the popular video game call of duty. according to bloomberg news, the company is worried too much versions of call of duty are watering down demand for the game. according to npd group which track z these things, the vanguard version or while

higher in just two weeks the stock also on pace for the best day since march of 2021 let's turn to virgin galacticr than expected loss. the shares up 6.5% they expect commercial passenger flight service by the end of the year tesla lower today. and having a rough month down about 15% that would be the worst month since march of 2020. and it's tracking for its third straight monthly decline which would be the longest losing streak since may of 2019 tesla down about 4.7% n. it's below $800 a share crypto bouncing back with bitcoin around the 37,000 leve look at rack space we mentioned the stock going into the break down 16% on weaker than expected guidance and a couple downgrades today. they have deceleration and core revenue growth profit margin uncertainty. two of the big head winds. now a cnbc update. >> here's what's happening at this hour. the only officer charged for the involvement in the botched police raid that killed breonna taylor is standing trial a former officer is charged for shooting into the home of neighbors. in opening statements prosecutors told jurors this is not about the decis

virgin galactic says that. >> starting tomorrow morning, you can buy your tickets in order to go to the the earth. a ticket will cost you $450,000. customers will be, quote, required to make $150,000 deposit for the flight, which will take off from new mexico and will last about 90 minutes. no word on exactly when that flight will take off. before you go to bed tonight. me binney, a rescue dog from a las vegas whose tricks include ice skating and is now meet him. the internet's new favorite celebrity recently been. he packed up his custom made skates and flew out to the big apple to show off his skills on a bigger stage slit across central park's wollman rink before heading off to the rink at rockefeller center. stella, the dog not letting any obstacles stand in his way. any pros that by effortlessly hopping over cones and gliding into his owner's arms. you think through could do that? laurent yeah. easily. >> all >> right. let's talk about the oscars actors, regina hall, amy schumer and one of the sites will host the 94th oscars all 3 together in march for the first time ever. a trio o

virgin galactic is announcing they're going to be opening. >> ticket sales to >> okay.u, james, but you're the james asking me. how can you go? well, other you are if you have 400, $50,000, is that that's what it haha. yeah. you want to do it do little safer. a little longer than i planned. okay. and that does deposit it's not like when you're like, hey, i think i'll try to get that. tesla truck is 100 bucks know the deposit is 150,000. just the deposit, ok? and then the flight when you pay the 4.50? i mean, 400, 50,000 you get from space america in new mexico. you take off and you get a flight for about 90 minutes. so hour and a half for the length of a short like pixar movie, 400, $50,000. little pricey, but is probably well worth it. lets us where that hardly anybody else can tell because of florida foodie it sell your car, sell your home, sell your kids future and their colleges and to killed. a college kids got to go to the moon. >> we'll be right back. coming up in the next hour, all bay area counties except for one lifting their indoor mask mandate. kron four's w

virgin galactic announcing that they will open ticket sales to the public bright and early tomorrow.ge of edge of the earth started a cool $450,000. pam. i know you can open up your wallet for customers will be required to make $150,000 deposit. the flight will take off from a spaceport america in new mexico and will last about 90 minutes. right now. there's no timetable on when the flights will actually get underway. so you got time to get ready. there's loving french fries than there is loving them enough to wear a french fry per field. the idaho idaho potato commission has a line that does just that the product came to life after a survey revealed 90% of americans cannot resist the smell of fries. limited edition fragrance, free tes was exclusively sold through the commission's website before selling out in just a few hours. right now, there's no word on whether the product will actually be restocked. >> meet benny, a rescue dog from las vegas to districts including ice skating have made him the internet's new favorite celebrity recently been a packed up. his custom made skates an

finish i'm looking at virgin galactic. i know they're up 10%. that much just because they're taking reservations from the public to go up into space. susan: i think it's because it's been beaten down so much. virgin galactic is one of the sales spac deals, it's down 85 other the past 12 months, and any good news helps the stock. it seems to indicate when you're taking reservations, $150,000 deposits on the $450,000 seats that maybe ready for lift off. they've been delaying those trips til late this year, and so, you know, the fact that you've had multiple years of delays, maybe there's an indication that a we are ready to go. stuart: fascinating, isn't it? susan: i didn't know that richard branson's eye was part of the brand. stuart: i'm interested to see if the cash flow from take take takings into space makes you profitable. stuart: 25,000 is nonrefundable, ask if they've been taking reservations for ten years. by the way, a fantastic mars simulation video that elon musk tweeted out last night. i retweeted it. check out my -- stuart: i get it.

. >>> bernstein's new cal on virgin galactic, the pry lowered as bernstein sees retaining talent andl risks. after an unexpected geomagnetic storm, will rocket maker aextra reescroweding its launch after two scrubbed attempts earlier this week. whatever the case, there is more and more news in the space space, and you can catch the latest, by following or subscribing to our podcast "manifest space. this week's episode, ceo and founder peter beck of robert of roetck lab we have more "squawk on the street" after this break wondering what actually goes into your multi-vitamin. at new chapter. its innovation organic ingredients and fermentation. fermentation? yes, formulated to help your body really truly absorb the natural goodness. new chapter. wellness well done. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools

become an agent of innovation with invesco qqq virgin galactic reporting earnings and revenue beat.ts to see commercial passenger flight service by end of this year. that stock up about 3%, but a lot higher earlier, over $9 a share, and tjx after a revenue and earnings miss. declined to give full-year guidance citing continued uncertainty and it's down about 4% jim cramer talking about tjx today. to sign up, go to the website or point your phone's camera at that qr code can right side of the screen. >>> time for a cnbc news update. >> hi, and here's what's happening at this hour top democrats say russian president putin has not yet seen the depth of u.s. sanctions over invasion of ukraine. house speaker pelosi says the russian aggression is reminiscent of times long passed. >> it's stunning to see in this day and age a tyrant roll into a country. this is the same tyrant who attacked our democracy in 2016. >> americans may have little interest in playing a big part in the russia i cain conflict. a new poll from the associated press foun 26% of americans say the u.s. should have a maj