setback after it had been grounded by the fda. this is in a flight stroll system for spaceship 2. the faa launched an investigation as to why richard branson s flight in july veered outside of the designated air space for nearly two minutes. looking at markets, asian shares closed mixed and europe has also opened mixed. on wall street, futures are narrowly mixed after a mixed day on monday. out today the closely watched consumer price index, it measures what americans pay for food, gas and other goods. prices likely jumped 5.3% in august from last year, that is the forecast a slight drop, but still a near 13 year high. investors are concerned about inflation and the slagging economic recovery. goldman sachs warns in a note that corporate tax reform not slowing growth is the biggest risk to u.s. stocks this year. you might want to start your
designated air space or you re caught flying at an altitude higher or lower than you should be, you could get into a ton of trouble. essentially, that is what the faa is accusing virgin galactic of doing, and virgin galactic now acknowledging it. so it appears what happened is during the ascent, spaceship 2 s ascent, and this is according to the journalist who broke this story, who wrote the book on virgin galactic, nicholas schmittle, he is reporting that two lights in the cockpit came on, a red light and a yellow light, and the two pilots were faced with a choice. abort the mission or take over the controls and try to change the trajectory. and in doing so, that is what caused the spacecraft to go out of its designated air space. this is all coming at a time that is very problematic for the company, because they are now grounded by the faa until this investigation is complete. but on thursday, virgin galactic announced that it was planning to send its first flight of
first billionaire to make it on space on board a rocket ship he helped fund and develop. that would have gone to jeff bezos or the two pilots could have decided to try to take control and change trajectory manually. that s ultimately what those two pilots decided to do. in doing that, as spaceship 2 was gliding back down to earth, it went outside of its faa designated air space. that s a problem, a big problem. that s what the faa is now investigating and they grounded virgin galactic until that investigation is complete. here is what the company is saying. although the flights ultimate trajectory deviated from our initial plan, it was a control and intentional flight path that allowed unity 22 to successfully reach space and land safely at our space port in new mexico. at no time were passengers and crew put in any danger as a change in trajectory. but the faa is looking at how does this impact potentially people on the ground and other
during richard branson s flight to the edge of space. what happened here? reporter: yeah, it looked like a picture perfect flight. you couldn t tell anything from our vantage point. but what we re learning is that virgin galactic s spaceship 2 had a problem during the deskrentsdes descent, that it went out of the designated air space. and if you are caught flying at an altitude of higher or lower than where you are supposed to be, you get into a lot of trouble and that is essentially what happened here. according to the journalist who literally spent years and years inside the company, two warning lights went off in the cockpit during the as ccent of that flit and the pilots were faced with a split second decision.
st should be a top u.s. priority to get children back to in-person learning in classrooms in the fall. good morning, this is early start monday morning. i m christine romans. i m laura jarrett. so we all learned in school about the first dog in space, the first chimp in space, the first man. now we hold the first billionaire in space. release, release, release. clean release. ignition, good rocket motor. there s mock one. branson launching into space in a supersonic space plane he helped fund. the plane dubbed spaceship 2 rocketed to a height of about 50 miles above earth, high enough to produce weightlessness for branson and the five other people on board. for more let s go to cnn s rachel crane at the virgin galactic space port in new