Boeing's Chief Executive has once again told the public his company will beat Elon Musk's SpaceX in its mission to Mars. Will Goodman, Managing Editor at Rockets are Cool, joins Cheddar to discuss the competition between the two aviation companies.
Boeing believes it will do a "slingshot" mission around the moon by 2019. However, NASA says that most likely won't happen and gives people a more realistic date of June 2020. Either company making it to Mars it really comes down to funding. Goodman talks about how much the flight will cost for each company.
Plus, SpaceX will attempt to re-launch both an orbital rocket and the Dragon spacecraft together for the first time on Tuesday. This will be a huge step for the company when it comes to reusing products, and Goodman talks about how much money it will save if successful.
Stocks are falling in midday trading on Wall Street, erasing 2 percent from major indexes, a day after they surged 4 percent as the mood swings back to fear about economic fallout from the virus outbreak.
These are the headlines you Need 2 Know for Thursday, March 5, 2020.
The U.S. death toll from the coronavirus climbed to 11 on Wednesday with a victim succumbing in California — the nation's first reported fatality outside Washington state — as officials, schools and businesses came under pressure to respond more aggressively to the outbreak.
The company known for home thermostats said it will release "the most powerful quantum computer yet" within the next three months.
These are the headlines you Need 2 Know for Wednesday, March 4, 2020.
The Dow Jones Industrial Average dropped 785 points and bond prices surged after an emergency interest-rate cut by the Federal Reserve failed to reassure markets racked by worries that a fast-spreading virus outbreak could lead to a recession.
HotelPlanner CEO Tim Hentschel told Cheddar that the travel industry is taking the worst hit it has seen in nearly two decades thanks to the coronavirus outbreak paralyzing multiple countries.
Stocks are whipping up and down after the Federal Reserve swooped into the market with an emergency rate cut in hopes of shielding the economy from the effects of the fast-spreading virus. Tuesday's surprise move gave stocks a strong, brief boost, but it took just 15 minutes for the gains to evaporate.
Chairman Jerome Powell said at a news conference that the virus “will surely weigh on economic activity both here and abroad for some time.” It was the Fed's first rate cut since last year, when it reduced its key short-term rate three times.
The Federal Reserve will cut interest rates by a half-percentage point in its first emergency rate cut since the Great Recession in response to the spreading coronavirus.
