makes financial sense. this is the business briefing. i'm ben bland. more turbulence for boeing, as the plane maker announces it troubled 737 max planes won't return to the skies until the summer of 2020. and a mixed set of results from netflix, as the streaming service continues to expand globally but struggles in the us. and on the markets: asian stocks, it's a bit of a bounce ina asian stocks, it's a bit of a bounce in a response to the coronavirus outbreak.

let's start with the latest developments from troubled plane maker boeing, which has announced it doesn't expect its 737 max planes to return to the skies until the summer of 2020. the plane has been grounded since march after two fatal crashes, which together killed 346 people. boeing said it doesn't think its troubled 737 max jets will return to service untiljuly at the earliest, which is months later than expected. the markets had been anticpating the news late on tuesday, with boeing shares falling more than 5% as word of the delay started to spread. that prompted the new york stock exchange to temporarily halt trading until the compa ny‘s formal update. let's get more on this from our north american business correspondent michelle fleury, who sent us this report from new york.

wasn't meant to be like this stopping the grounding of the 737 max jet wasn't expected to last this long, but boeing is pushing back the date for its return to service stopping the new delay comes after two recent discoveries. a software floor requiring more work than expected and an audit that found that some of the wiring on the plane needed to be rebutted stopping the means thejet needed to be rebutted stopping the means the jet will miss the busy summer means the jet will miss the busy summer travel means the jet will miss the busy summer travel season means the jet will miss the busy summer travel season for a second straight year. that is peak revenue season, and that could add to the compensation that the us plane maker ends up paying airlines. to recap, the max was grounded in march of 2019 after deadly crashes that killed many people. 0verly optimistic assessment caused the plane maker problems, not least with investors, and it led to the

departure of boeing's previous ceo. this is the first update since the successor started on the job last week. and it comes one week before he has to face investors when boeing publishes its quarterly results. rising competition has started to dent netflix's growth in the us. the streaming giant added just 420,000 subscribers there in the most recent quarter. however netflix finished 2019 with more than 167 million paying customers globally, which was higher than wall street expectations. the streaming market has become crowded in recent times, with the likes of disney, apple and comcast offering their own services. dexter thillien who's the senior industry analyst at fitch solutions joins me now. what do you make of the latest results 7 what do you make of the latest results? as expected. in the us it isa results? as expected. in the us it

is a bit more difficult but their subscriber growth has been fairly poor compared to the standard. you would expect in the us because it is a core market, that us people who wa nt a core market, that us people who want netflix will already have netflix, so the key for them is to have consumers staying with netflix and obviously the strategy is to diversify internationally, so international have strong growth. diversify internationally, so international have strong growthlj mentioned just that that the streaming market is becoming increasingly crowded. netflix was once the upstart, the disruptor for all of this, and now it finds itself in the position of being almost the dinosaur, with these new firms starting up trying to take a slice of pie. obviously everyone is trying to gang up on it and take it she has. it is not a zero—sum game, we have not got them coming in and they will only have one, people will

subscribe to more than one streaming service so the key for netflix is to be one of these streaming services, and in order to do that they have two invest into other countries. and in order to do that they have two invest into other countriesm it about the content offering compared to lower prices? it about the content offering compared to lower prices7m it about the content offering compared to lower prices? if net flex were to double their prices, people would start considering do a really need to use at? if you look at the disney price or the apple price, it is almost 2% off compared to what netflix is offering but netflix has a far broader content portfolio, so they are trying to focus on that. 0bviously portfolio, so they are trying to focus on that. obviously we are an award season right now so they have award season right now so they have a lot of premium content and that is what they will be investing on so that people will say, netflix is very important, i'm going to stick with it because it is the only place they can watch certain movies and series. do you think we are soon going to see more consolidation and

mergers within the streaming sector? netflix is a kind of a specific situation, it is what i would call a pure player. if you look at apple, it's a smart phone operator, disney has the theme parks, netflix is the only pure streaming player. so could there be potential if, over 2020 if there be potential if, over 2020 if the company doesn't do as well as it could, it could be a target? it is still very expensive now, so even for some of the largest companies it is expensive, but should it be poor performance, it could be a target for some of the bigger players? thank you very much. last week the us and china signed the first stage of a trade truce between the two countries, though $370bn in tariffs will remain in place. according to some estimates the trade war cost 100,000 us jobs and cost us companies an extra $46bn in taxes. sally bundock has been speaking to former imf economist kenneth rogoff in davos and asked how optimistic he is about phase 2

of the trade agreement. his trade deals are mostly bad stopping most of what he has done to trade is disrupt the global economy. he talked about how much the us was collecting in tariffs, every study says that the us consumers are paying for it. things are going better now, if you are beating your head against the wall and you stop it's better. his trade policy is one of the worst aspect of his economic policy, but politically, he seems to think it's a winner. at the start of the imf has downgraded forecast for this year and next yearjust slightly. what is your outlook? i'd tend to believe that in global forecasting, when the thing you are focusing on is political, things

aren't so bad, i'd worry about china slowing down dramatically, a worry about emerging markets who piled up, what happens when things slow down? given economic cycles as it were in terms of global growth, we have been chugging away for quite some time now. economist such as yourself would say things will change soon. we are recovering from this horrible financial crisis and slow growth period so there was a lot of upward lift to be had in the global economy andi lift to be had in the global economy and i think there is still more to be had. so, sure, we could have a recession. i think the odds are a little higher this year than normal. again, china's the wildcard because who knows what's going on there. if they are slowing down, that is never an easy position to be an. if there isa an easy position to be an. if there is a recession, if things do get worse, who will correct that, given

the fact that central banks around the fact that central banks around the world have your tools now? that's a big problem. ithink central banks are largely paralysed, there is not much they can do, so they are all saying, fiscal policy, let the government do at the governments will try but is very political. certainly in my country, fiscal policy means different things to different people, they can't agree on anything, i am very sceptical. asian stocks have had a bumpy past 2a hours, as investors reacted to the spread of a new strain of coronavirus from china. let's go to our asia business hub where mariko 0i is following the story. so, just talk us through the main moves on markets as a so, just talk us through the main moves on markets as a result of all of the. as you said, concerns over the coronavirus are really starting to affect the market sentiment. we

saw a fall on wall street overnight, backing away from those record highs and here in asia we will shed in airlines as well as travel companies being hit on tuesday while investors scramble to buy makers of masks and protective tyres as well as drugmakers in china, and that is because this outbreak really revives memories of the sars outbreak that killed nearly 800 people in 2002 and 2003. but this time, china's response seems quicker compared to the cover—up of the sars outbreak, s0 the cover—up of the sars outbreak, so that's to stabilise the broader market, but hygiene related terms are still in demand and the tourism sector is still under pressure. ok, thanks very much indeed! next, the news briefing. we have picked out several stories for you and we are going to be talking about mental

health in the workplace. get your tweets through to me with the hashtag #bbcthebriefing. the duchess of cambridge is on a 2k hour tour of the uk to launch a new survey she hopes will help tackle the problems faced by many in early childhood. she is visiting a number of organisations to hear how early intervention can prevent the repeated problems effecting some families. 0ur royal correspondent, daniela relph, reports. getting stuck in at tank birmingham

science museum, the first stop on the duchesses tour of england and wales. it hasn't been an easy week for the royalfamily wales. it hasn't been an easy week for the royal family but there is now a sense of business as usual. this is increasingly where the duchesses focus will lie, including the experiences of early childhood to help ensure a healthy and fulfilling life and adult. chatting to parents with children under five, she explained why support during the early years was so vital. but actually, it is knowing how best to support parents and families, and do that work. the work of a duchess in this area has even included her own children. here at the chelsea flower show, george, charlotte, and louis tested at a garden their mum helped

design to promote the benefits of being outdoors. it is hoped the findings of the new survey will help break the cycle of problems that some young families face. they will also inform the kind of work the duchess of cambridge does going forward. this is the briefing from bbc news. the latest headlines: republicans and democrats in us senate are arguing about whether to allow new evidence at the start of donald trump's impeachment trial. of officials in china say the death toll from a new strain of pneumonia has risen to nine. a new government, but the protest continue stopping demonstrators clashed with security forces in the lebanese capital of beirut.

now it's time to look at the stories that are making the headlines in the media across the world. we begin with the new york times, with a big moment in lebanon. a new cabinet has been formed but will it spell the end of months of political and economic unrest? front page of the guardian reporting the amazon billionairejeff bezos had his mobile phone hacked by the crown prince of saudi arabia. the swiss newspaper, tages anzeiger, reveals two suspected russian agents were found in the luxury town of davos last year. and one claimed to be a plumber. from the bbc, a new report reveals poor mental health is costing uk firms more than ever, with a warning that if the problems are ignored it risks breaking employees' lives and families. and from the bbc‘s business team, coca—cola says it will not ditch single—use plastic bottles claiming there's still a demand from customers.

so let's begin with the formation of a new cabinet in lebanon. this report in the new york times. with me is inga beale, from london first, a not for profit group made up of business leaders from across the city. good to see you. so one, this has been a long—running political unrest in lebanon on, anti—government demonstrations and it seems the protesters a ren‘t demonstrations and it seems the protesters aren't happy with the alternative that has been offered up to them. a whole new cabinet has been announced with 20 new ministers andi been announced with 20 new ministers and i think this is an incredibly complex environments to be in governments. i was interested to read this article, it says that, there is a complex power—sharing system because there are 18 recognised sects in the country only have to be recognised somehow so obviously a very complex

environment. the people are unhappy that there is been