The agreement should help Virgin Galactic raise the money it needs to go head-to-head with space tourism companies such as Jeff Bezos' Blue Origin and Elon Musk's SpaceX.
It would be the first publicly listed company trying to get humans to space. Virgin Galactic declined to comment
2. Powell week: Jerome Powell Federal Reserve chair kicks off his big week at the Federal Reserve Bank of Boston.
Powell will appear via video conference on Tuesday at an event on stress testing, where he'll give the opening remarks.
It's a prelude to his testimony before Congress on Wednesday and Thursday. There, his remarks will be parsed for evidence that the Fed will cut rates when it meets later this, and if so, by how much.
Markets think there's a 1
3. Auto warnings: China's Geely, which owns Volvo and has a joint venture to assemble cars in China with Daimler (has issued a warning on 2019 sales. The company pointed to "continued uncertainties" in its local market. )
4. Markets dip: Global stocks point to another day of declines as investors wait for more information from central banks.
The Dow finished 115 points, or 0.4%, lower on Monday. The S&P 500 ended down 0.5%. The Nasdaq shed 0.8%.
5. Coming this week:
Wednesday – US oil inventories; Fed minutes; Bed Bath & Beyond ( earning; Powell testifies in the House )
Thursday – US inflation rate; China balance of trade; Delta ( earning; Powell testifies in the Senate )
Friday – US producer prices