I caught up to peter in new york. On the 10th anniversary of the Xprize Foundation, a board i sit on. People will know about that because of the contest to get the spaceship into space that actually spurn spurred this. Tell me about it. My passion has been to get people into space, i gave up on nasa as being the mechanism to call me there. Back in the 1990s, i read a book called the spirit of st. Louis. I found out in 1927 when lindburg played that flight, he didnt do it on a whim, he did it to win a 25,000 prize. I thought that innovation could be spurred by applies. This 10 million prize for the first person to build a spaceship privately that could carry three people into space. The point is we announced it in 96. It was won in 2004, ten years ago. We had 26 teams around the world that spent 100 million to build up this 10 million prize. And burt rutan, backed by bill gates. Built it. That became being spaceship 1. And Richard Branson built virgin galactic. Ive got a mold of spacesh
Mobile devices for apple in taiwan. Quarter. Bad julie hyman has been looking at the quarter for blackberry. Wherelike a zombie movie you know what is going to happen but it continues you are still scared. We were talking about this this morning, that you know it is going to be bad but yet somehow you are surprised just how bad it is. Lets talk about the various metrics we are looking at. When you look at the loss from continuing operations, worse than analysts anticipated. A big drop in revenue of more than 50 . That is worse than what analysts have been anticipating. If you look at the revenue recognized from smartphones the Company Sells a certain number of smartphones in the quarter, but some of them, even though they are delivered in the quarter, maybe they were ordered before. If you look at the revenue realized from the actual sales that were recognized in the quarter, we are looking at 1. 9 million smartphones. 3. 7 million smartphones was the prior quarter. Makersher smartphon
Breather here . Reporter five straight weeks of gains here, ticking it off here in fashion with up arrows. All three of the major averages do have up arrows, however, none of these three are gaining more than onetenth t of 1 at the moment. So you are seeing that the momentum is leaning to the upside. However, not bursting out into crazy new highs. What we are seeing, though, is that we have the retail index, the drug index pulling higher, the banking index pulling back a little bit, the vixx also taking a breather here. As i speak about the banks, i want to look at bank of america, a stellar perfor year, up 24 this year, almost 52 in the last one year. But now today we are focusing on bank of america as you do have the u. S. Government seeking the maximum penalty allowed, over 863 million, and this is in connection with the countrywide loan program dubbed hustle, so not good news there. The bank had said they previously were looking for options to appeal this. In the meantime, this is
Connell so i moment of at the New York Stock Exchange. [drums] [taps playing] [silence] connell the traditional wreath laying ceremony on this veterans day 2013. Before that was only moment of silence at the New York Stock Exchange in new york city. Dagen to our veterans we say thank you but words can never be enough. But we want to move on to the news of the day, and days passed and days ahead. We talk about the troubled healthcare. Gov website warning users over the weekend and today of delays being able to submit applications. Connell we will talk about that with rich edson. Rich well, dagen and connell, this is the weeks of the administration releasing how many people have been able to enroll in health care through healthcare. Gov. There were investigators using administrative documents saying only six people enrolled in the first day, a few hundred people in the first two or three days. The Administration Says those numbers are not reliable and refused to give numbers of their own
Quicktime francine lacqua. Coming up, rollsroyce matches sales records. You are looking at live pictures of the new race model. We will take you inside the car dealers luxury model and show you how to avoid paying a 400,000 price tag. When ryan drives the car, must watch television. We are going to get ryan to drive it again. This is a mustsee moment here on the pulse. Speaking a pricey product, would you pay 300 for a hoodie . A pair of entrepreneurs are betting you will. One of them doesnt run facebook. We will talk about that story this hour. Manus might even wear it. Tesco, morrison and Marks Spencer all reported reduced holiday sales as consumers cut back on everything from food to clothing. For a roundup on this retail story, lets bring in caroline hyde. Ouch. Lets look at the grocers first. Tesco, morrisons, morrisons was the worst in the whole of europe. Falling the most in what five years . Slashing more than 300 pounds of its market capitalization. The reason, profit warning.