not really, because richard ranson actually invented in hyperloop back in october, so we had the virginy. him being named chairman doesn't come as a huge surprise. he has this reputation for taking these big business risks, and hyperloop com pletely business risks, and hyperloop completely fits that mould. it is a futuristic train company which is looking to cut the travel time between major cities. so in the future, once this is up and running, they are hoping it will only take 30 minutes between washington, dc and new york city. so theyjust recently did another test run and they hit a new speed record of 240 mph at the test site in las vegas. so it has very exciting ambitions. it also means it is bleeding cash, so it managed to get a financial lifeline from two new companies, from a russian firm as well as from a company in dubai. they are all putting money into virgin hyperloop, which will keep these operations going. this is amazing technology and innovation at richard branson will be competing against elon musk. this is interesting, because it was actually conceived by elon musk, i

transport startup virgin hyperloop one has appointed british billionaire richard branson as its new chairmand of financing. this investment brings the total financing raised by by the company to $295million since its founding in 2014. let's look at what's trending in the business news this morning: the financial times reports that mining giant bhp billiton plans to withdraw from the world coal association due to differences over climate and energy policies, as well as the limited benefit it gets from membership of the industry association. we are going to be watching that one. bloomberg: british board members just keep getting older despite technology challenges. average age breaks through 60 years threshold for first time, while boards in other countries get younger business. british prime minister theresa may promises to negotiate a rapid brexit transition deal. good luck! and, don't forget, let us know what you are spotting online — use the hashtag bbc—the—briefing before i go, let's have a quick look on the market. we are seeing something of a santa rally and a lot of this is because of

he's taken leave from several company boards including virgin hyperloop, one which he co-founded. >>> san francisco will soon become the first u.s. city to let the law of supply and demand determine how much change you'll put in those parking meters. the sfmta board today approved demand-driven pricing for 28,000 street meters and those in city parking lots. prices will be adjusted every three months, and the rate could go as high as $8 an hour. >>> a lot more to come. oakland mayor libby schaaf rallies supporters at a fund-raiser tonight. >> but she wasn't the only one to rally. the message she got from those outside the doors. >>> plus alarm in the middle east tonight caused by president trump's controversial plan in israel. >>> and a homeless man who gave up his last dollar is sharing some pretty great news about his big new reward tonight. >>> all that's ahead. but first, there's a guest ost sitting in for jimmy kimmel tonight. "black-ish" star tracee ellis ross with what's coming up after abc 7 news at 11:00. tracey? >> thanks, dan and dion. i'm tracee ellis ross sitting in for j

he's taken leave from several company boards including virgin hyperloop, one which he co-founded. >>> san francisco will soon become the first u.s. city to let the law of supply and demand determine how much change you'll put in those parking meters. the sfmta board today approved demand-driven pricing for 28,000 street meters and those in city parking lots. prices will be adjusted every three months, and the rate could go as high as $8 an hour. >>> a lot more to come. oakland mayor libby schaaf rallies supporters at a fund-raiser tonight. >> but she wasn't the only one to rally. the message she got from those outside the doors. >>> plus alarm in the middle east tonight caused by president trump's controversial plan in israel. >>> and a homeless man who gave up his last dollar is sharing some pretty great news about his big new reward tonight. >>> all that's ahead. but first, there's a guest ost sitting in for jimmy kimmel tonight. "black-ish" star tracee ellis ross with what's coming up after abc 7 news at 11:00. tracey? >> thanks, dan and dion. i'm tracee ellis ross sitting in for j

did not come from hyperloop one, but i got a copy of his letter to the members of the board of virgin hyperloopne, and he said he is resigning from the board and he says signing his super voting rights to the brand-new cochairmen, a russian investor, who is going to be taking over all of shervin's voting rights. emily: we have a statement from sherpa capital. we should note that he has completely deny these allegations. working to find those who are " spreading false rumors about him." what do you make of his reaction? >> definitely not an apology. he needs to distance himself from the company's as they saw this stuff out. he is certainly not taking responsibility for the accusations and calling it a smear campaign. we don't have a real apology yet, but he is clearly putting some distance between himself and his companies facing these five allegations, six accounts, and a real arrest that occurred in london over rape. he was de-arrested, but there are questions. emily: he was never charged, but london police have confirmed that two of. tell us about what we have heard from investors in sugar ca