virgin galactic also expects its mother ship to begin ground tests next week. a $5.23 stock. let's check yield on the 30-year treasury. it rose today 3.8 basis points at moment or 3.6% as some investors question a rate cut scenario later this year. keep dreaming, folks. the fed has said it won't happen. but as the long bond coupon rise, so does the kitty for, of all things, the mega millions jackpot. the prize is based on the rate of interest pate outside -- paid out on the 30-year u.s. treasury. right now it's at $#.35 billion, that is, of course, the lotto, the fourth largest ever. madison alworth, i can only imagine what it's like at the newsstand by grand central station in new york city. >> reporter: liz, i mean, it was crazy during lunch. we've been here all day. we still the see people coming in, getting that ticket before the drawing tonightful they're the all hoping to be that lucky winner, become a billionaire. but i do want to point out the odds of winning are 1 in 302.6 million. so slim, but i guess technically possible. what seems even more possibl

which pushes the boundaries of humanity beyond the orbit so virbit 0rbit is a sister company to virgin galacticwing of a modified giant and plane called cosmic girl. it is a fascinating technology and new approaches of these billionaires are putting in is definitely going to give us a new adventure and a new way to go into space so it has multiple ways to address by investing, it will help us address and coming up with different ways to reach space. dr berhanu bulcha thank you for your thoughts and expertise. stay with us on bbc news. still to come: prince harry's highly—anticipated memoir is about to go on sale in the uk, but is already out elsewhere, including singapore, from where we'll have the latest reaction. day one of operation desert storm to force the iraqis out of kuwait has seen the most intense air attacks since world war ii. tobacco is america's oldest industry, and it's one of its biggest. but the industry is nervous of this report. this may tend to make people want to stop smoking cigarettes. there is not a street that is unaffected. l huge parts of kobe - were simply demolished

. >>> next up is virgin galactic launching a commercial service in the second quarter of this year thethis year >>> third is hanes the company also rallying thursday in outlook and search for a new cfo. the company expects fourth quarter sales to be above revenue guidance hanes brands up in pre-market. >>> the latest trader favorite bed bath & beyond in talks with lenders to finance the bankruptcy proceeding. the possible bid is discussed that could result in some or all of the company's assets bought shares up more than 300% this week as retail traders grab the stock. be careful, folks. remember, bed bath & beyond is talking about bankruptcy possibly going away. no more company. meaning maybe no more stock. the stock is up 300% this week be careful, folks. >>> let's step outside money and business and check on the other headlines with phillip mena in new york with those. phillip. >> good morning, brian an independent special counsel investigating the handling of classified documents as joe biden left the vice president spot a small number of documents were discovered in his home and p

it's been interesting for virgin galactic, which is a different business model doing different business the focus for investors. >> that stock down 80% since it went public. >>> let's check out shares of charter, cable giant goldman is naming it a top pick for 2023 saying it expects the company's broadband net adds to show improvement in the new year. stock up a bit. >>> first, though, our brandon gomez has a look at what is still ahead on today's show. >> hey, david. our cnbc partners at just capital asking america, what exactly is it that makes a company just is it pay transparency, job creations, sustainability? rfmi cpaesal the top five best peorngomni on the just 100 on "squawk on the street" after this break what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. realtor.com (in a whisper) can we eve

yes this morning of him standing next to this new rocket from , virgin galactic, rocket from, virgin at of course, didn't quite work out so well last night . the work out so well last night. the cunous work out so well last night. the curious thing about this tweet is that he showed him and a couple of executives from virgin with the rockets. but there was something missing? yes. this in this tweet actually been altered? it had been doctored. it originally included the former prime minister, boris johnson . now, i've been on sir johnson. now, i've been on sir grant shapps this after a noon just to see exactly what was going because it must be said the tweet was deleted when the error was seen and a source to grant shapps has told me today that grant wasn't aware anyone had edited the picture . he had edited the picture. he removed it as soon as it was pointed. obviously he wouldn't endorse anything close to rewriting history by removing the former prime minister from a picture he was proud to serve in bofis picture he was proud to serve in boris johnson's . so clearly the boris johnson

significant customer backlog and 22% of the shares are shorted and some long term looking at this, is virgin galactici'd say this as a spac that sounds good got some customers there could be a squeeze going there. i don't encourage short squeezes but you may have a winner. mandy? >> caller: hi -- >> you're up how are you doing, mandy >> caller: i'm doing well. how are you? >> i'm doing well. thank you for asking >> caller: thank you for taking my call. >> of course. >> caller: shoutout to you and your crew. >> all right >> c >> caller: my grandson and i love your show big fan. >> tell him thank you. >> caller: thank you i'm thinking of taking bhp or do you think it's better -- >> look, why don't we wait until after tomorrow bad numbers tonight and people will associate that with bhp good to got caught up in the negativity wait a couple days and then pull the trigger. i like your thoughts let's go to sam in colorado, sam? >> caller: jim, how are you? >> sam, doing good how about you? >> caller: i'm doing all right how about them birds doing pretty well. >> go birds. don't want to get too excited. i'm

spacex and now these come hopefully boeing soon and n the suborbital launches with blue origin and virgin galactic. but if you look at the comparison between the cost-plus contracts and what we called commercial crew, the return on investment for the public, it's not comparable. since then, the private sector, spacex and blue origin, have launched, have invested their own money in big launch vehicles. vehicles. so those are not comparable. going to be able to take more payload farther away. but spacex and blue origin have vehicles, spacex line one of them, the falconal heavy, that n go almost as heavy a payload to low-earth orbit as will be in this vehicle that cost $40 billion. i mean, that is very frustrating for me because we didn't have to do it. that was something that in 2010-2011 when this deal was made it was obvious, it was obvious that wasn't what we should be doing with that money. and it's hurtful because tens, thousands of people and dedicate their lives and careers to doing it, and it's not their fault. of course it's exciting. we have built a big rocket, but it doesn't leave you beh

of spacex and now these hopefully boeing soon and the suborbital launches with blue origin and virgin galactic, but if you look at the comparison between the cost plus contracts and the what we call commercial crew. the return on investment for the public it's not comparable since then the private sector spacex and blue origin have launched have invested their own money in big launch vehicles. so those aren't comparable vehicles ss orion much bigger. gonna be able to take more payload farther away. but spacex and blue origin have vehicles spacex flying one of them the falcon heavy that can go almost as heavy a payload to low earth orbit. as will be in this vehicle that costs 40 billion dollars. i mean that that's just it is very frustrating for me because we didn't have to do it. that was a that was something that in 2010 2011 when this deal was made it was obvious. it was obvious. that wasn't what we should be doing with that money and it's hurtful because tens of thousands of people have dedicated their lives and careers to doing it and it's not their followed. of course, it's exciting. we'v

stuart: i want to see virgin galactic, please, they are way up today, well 11% pretty solid.ial space flights are on track to launch in the second quarter of this year. here is my question about the private space industry. whose winning? surely it's spacex or musk isn't it? >> spacex, and you've seen that with musk. there's other players in space, planet labs and some others. now it's really an arms race going after space, but in terms of what musk has built spacex, he continues to own that market. stuart: what i really like is that star link and what he's doing with star link in ukraine. he's modernized warfare. >> that's also been the case study that you're going to start to see play out commercially and on consumers, that many had skepticism about. stuart: all right what are your top picks for the year? >> yeah, so top picks is the company in redmin, i believe microsoft is the best way to play cloud over the coming years , obviously despite the macro. i also look at apple and it's a rock of gibralter stock in my opinion especially as demand holds up and cybersecurity. stua

virgin galactic, a different story, shares are popping after the space tourism company reported thategin commercial service in the second quarter of this year. still stock's up about 14% it's had a bounce to start this year keep in mind, those shares are down 50% from their 52-week highs. finally, keep an eye on boeing that company's 737 max plane returned to the sky in china with an airline there. after almost four years, thanks to two flights by china southern airlines it's a key market for the name it is a positive sign towards that full resumption of 737 max flights globally you can see shares of boeing are up slightly on this news david? >> morgan, we've had an avalanche of bank earnings bank of america, jpmorgan chase, wells fargo, citi. they just keep coming. let's get over to dom chu because he can sort of break down some of the key takeaways for us this morning. >> david, the avalanche kind of analogy is apt because we're still trying to shovel out from underneath all of the data and all of the stuff that's come out of here so far it's been a very mixed picture generally spe