The time has come! SpaceX has finally revealed images of the Falcon Heavy. Will Goodman, Managing Editor at Rockets are Cool, joins Cheddar to discuss what January looks like for the aerospace company.
The Falcon Heavy has 50% less thrust than the Saturn V, which brought astronauts to the moon, but will have much more power. It will run on 92% force instead of 100%, so the landing of its three rockets will hopefully be smooth. Goodman says it will be like watching Cirque du Soleil show.
Plus, the race to get a man into space could be approaching the finish line. Blue Origin, Jeff Bezos' aerospace company, announced it will send a man to space in the next year and a half. Goodman says that will most likely not happen in the allotted timeframe, but does say that 2018 will be a big year for the Elon Musk-Jeff Bezos-Richard Branson competition.
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.
