that works or this is the business briefing. i'm samantha simmonds. "we're committed to safety." the boss of boeing apologizes to victims' families — to airlines — and to the travelling public — in his first interview since the two fatal crashes that have grounded the 737 max around the world plus, growth gone missing. what happened to the economic recovery promised by

brazil's new president? gdp figures out shortly could confirm a drift back towards recession and on the markets. us shares fall to their lowest in 3 months — as the bond market signals a growing risk of recession — adding to those trade war concerns. asian shares following wall street lower. we start with boeing — and the crisis surrounding the 737 max — because the boss has been giving his first interview since the two fatal crashes that have led to the plane being grounded around the world. speaking to cbs news — denis muilenberg apologized to the families of the 346 people killed in the lion air and ethiopian airways crashes. and he admitted the accidents have ‘damaged public trust and confidence in flying. on wednesday, the international air transport association said a global ban on the planes by regulators is unlikely to be lifted before august. boeing has already scrapped its financial forecasts for this year — and said the crisis has so far cost it a billion dollars. but that could just be the start. according to one estimate —

1.5 billion dollars in lost revenue and compensation to airlines for each month the ban goes on. compensation to families and potentialfines could run to billions more — although the planemaker's insurers will be paying for that. boeing is a huge us manufacturer and exporter — and some economists think the 737 ban is now starting to impact us economic growth. wells fargo bank estimates it will take a fifth of a per cent off gdp growth for the current quarter. the 737 max is boeing's most lucrative plane. it was meant to be the latest answer to the competition from europe's airbus. but two deadly crashes in just five months forced global aviation regulators to ground the 737 max. it's anti—stall system, or mcas, was identified as a common factor in both accidents. boeing says it is close to fixing the software, and there have been reports that boeing rushed the plane to market

to fast and that it knew of problems with the mcas system before the first plane crash. in an interview with cbs, boeing's ceo said the company remains committed to safety. we can't change what happened in these accidents but we can be absolutely resolute in what we are going to do in safety going forward. we apologise to the families affected, and more broadly to the travelling public. confidence has been affected. for people who are scared. we have impacted our customers, we regret that as well. so we are stepping up, we are taking responsibility, we know we have improvements we can make and we will make those improvements. we are committed to safety for the long run. the primary focus for boeing is getting the 737 max fleet approved for takeoff. the real test will be if the flying public ever feels safe

on those planes again. john strickland from jls consulting joins us now. welcome to you. thank you for being with us. as we heard there, bowing to get that plane. will they trust ain? to get that plane. will they trust again? it's imperative the father -- pilot forces got on board. they will not be agents of boeing. the travelling public, it's very difficult to tell. speaking outside the airline industry, we don't get

ona the airline industry, we don't get on a plane and ask that. they can probably be managed. let's talk about the financial impact on boeing. they estimate this will cost a billion. other estimates say it's $1.5 billion every month that this carries on. a linger to survive it. the claims coming family of them is a yet to be revealed. airlines buy that are suffering more. it's an aircraft that is going to come more extensively. as the months go by, the impact is greater in terms of flood disruptions, floods that cannot be operated where airlines

have pay out themselves. we saw that first interview the from the boss of boeing, profuse apologies. some might say, a little too late. they really were caught in the back foot. he survived a bit last month. it's something is going to bejudged day by day. if we can consider it as well, we don't yet have a final accident report. certainly markets have supported him so far, the words he said, whatever words will be expected, given the fact i'm sure boeing has its lawyers calling all over everything they do say, certainly the contrition was there. he is an experienced veteran. he is deeply involved in the country. thank you very much for your

analysis. let's go to brazil now — and renewed fears for latin america's biggest economy. after four years of a brutal recession, markets had been betting on the newly—elected president — far—right jair bolsonaro — to return the country to growth. but official gdp numbers out later could confirm brazil's economy has actually begun to shrink again. the bbc‘s daniel gallas reports. workers cheering and clapping, voting to accept a generous severance voting to accept a generous severance package. voting to accept a generous severance package. ford is closing down this package after 52 years in operation. the payoff is good but eve ryo ne operation. the payoff is good but everyone here has now lost their job. the following day is not such a happy one. 25—year—old steelworker lucas is now looking for work in a country with 13 million people are unemployed. translation: when i

entered thejob unemployed. translation: when i entered the job market six years ago i had great sally —— salary and earn loads of money working overtime. the factory was working non—stop. now i am facing aside labour market. when icanfind am facing aside labour market. when i can find a position, firms are offering less and if it's lower salary. this was supposed to be the year of zeal‘s economic cover —— recovery, with hopes the new presidentjair bolsonaro would reform the economy and being back confidence but there is stalling growth. his finance minister is failing to win over his fellow politicians with recent discussions in congress about key reforms turning into a shouting match. optimism surrounding the president is fading fast. jair bolsonaro promised to change politics but addicts say the first four months of his government only exposed his inexperience. opinion polls say is

losing support of ordinary resilience and on top of that, his task of changing the economy is about to get harder. protests and strikes have been planned across the country. as the government prepares to advance its reforms, opposition is hardening against them. it's the unemployed who are once again paying the price. let's go asia now — and a senior chinese official has ramped up the rhetoric in the trade war with the us — accusing washington of "na ked economic terrorism". rico hizon is following the story. the war of words has indeed escalated. there is advice saying that china are posts —— opposes the use of big sticks like trade sanctions. mr zhang says beijing

opposes a trade war but is not afraid of one. everyone loses in a trade war he says, it will have a serious effect on global economic development and recovery. this kind of deliberately provoking trade disputes is naked economic terrorism, economic homicide and economic bullying. on wednesday, he had chinese officials issuing a rare threat that rare earths could be used in leveraged in an ongoing trade war and used in leveraged in an ongoing trade warand in used in leveraged in an ongoing trade war and in more tit—for—tat action, us commerce department said the chinese made mattresses and stainless steel beer kegs were being dumped in the us market and less thanfair dumped in the us market and less than fair value and it will impose preliminary anti—dumping duties. it will definitely get worse before it gets better. now let's brief you on some other business stories. uk car production collapsed last month —

in the biggest fall since the global financial crisis a decade ago. according to the society of motor manufacturers and traders production slumped 4a.5% in april — compared with the same time last year as uk carfactories braced for a possible ‘no—deal‘ exit from the european union on march 29th. scientists in france and spain say people who eat lots of ultra—processed food have worse health and are more likely to have an early death. a pair of studies in the british medicaljournal add to mounting concerns about heavily processed food. however, the findings are not clear cut as our health and science correspondent james

gallagher explains. this is ultra processed food. they are the foods that have been through the most industrial processing and often have a long list of ingredients on the packet. it includes popular items like busy drinks, chicken nuggets and brea kfast drinks, chicken nuggets and breakfast cereals. the two studies regularly assess the diets of more than 100,000 people and recorded what happened to their health. they should people who ate the most ultra processed foods tended to have the worst heart health and die earlier. it is not definitive proof of harm and experts have expressed caution. more work is still needed to explain what it is about ultra processing that might have a detrimental effect on our bodies. what we actually need to know is what's behind these associations. is it the ultra processed foods, and the nutritional content processed foods, and the nutritional co nte nt of processed foods, and the nutritional content of them, some kind of additive that is in them or something to do with the people's lives of the people who are eating more of them and i think before we make any changes orjump to any conclusions, we really need to find out a bit more about it. the authors

of the two studies say there is now mounting evidence that ultra processed foods may be harmful and the research comes out hot on the heels of trials showing these types of foods make a seat more and put on weight but while the term ultra processed might be all—new, the health advice is very familiar. a diet rich in fruits, vegetables, dish, nuts and seeds also happens to be one full of unprocessed foods. coming up at six o'clock on breakfast charlie stayt and naga munchetty will have all the day's news, business and sport. this is the briefing from bbc news. the latest headlines: rescue efforts are continuing in budapest after a cruise boat capsized on the danube. at least seven people have been killed. there were at least 30 on board when it collided with another vessel and overturned. it's been confirmed the tourists who lost their lives were south korean nationals.

entertainment giants disney have issued a warning that they may not continue to film in the us state of georgia if new restrictive abortion laws come into effect. the studios, television and film productions are responsible for tens of thousands ofjobs in the state. israeli politicians have voted to dissolve parliament and hold a snap election. the newly re—elected prime minister, benjamin netanyahu, has failed to form a governing coalition. the vote, in september, will be the second this year. his attempts to put together an administration collapsed amid differences between secular and religious parties. now it's time to look at the stories that are making the headlines in the media across the world. we begin with the independent, and the familiar face of conservative mp borisjohnson, who is accused of misleading the british public and lying about the consequences of brexit — a charge he denies. many of today's papers, including the times, carry a report saying that graduates should pay back their student loans sooner, and for a full a0 years after leaving university. in return, fees will be cut.

on the front page of the financial times, us special counsel robert mueller says his report neither accused not exonerated donald trump, because a sitting president cannot be charged with a federal crime. meanwhile, the hollywood reporter has this picture of disney boss bob iger, who has said it will be "very difficult' for disney to keep filming in georgia if the state enacts a new abortion law." —— bob iger, who has said it will be "very difficult" for disney to keep filming in georgia if the state enacts a new abortion law. and finally, the bbc website has this report from ofcom, which shows as online usage grows, so do social media concerns. what do you think? are you worried about how much time you're spending online? let you're spending online? us know. so let's begin. you're spending online? with me is jane foley, who's senior foreign exchange strategist at rabobank. welcome back. starting with the story here with borisjohnson facing trial over misleading claims over brexit. he of course denies all of these accusations but how damaging is this on a political level, never

mind the