Sarah Lewin, associate editor at Space.com, discusses SpaceX's upcoming launch of two satellites that will try to beam internet around the globe from space.
Lewin says the more profound part of the mission is the satellites are "non-geostationary," which means unlike other satellites in space, they will move while broadcasting a signal. The Wall Street Journal recently estimated that SpaceX expects to have 40 million subscribers to the service by 2025, amounting to $30 billion in revenue a year.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
