now. this is business asia your updates on asian and global business news on the w m d out of us welcome we start in the u.s. where across make a boeing will halt production of the 737 max in january that's the 1st such production pause in more than 2 decades boeing says the continued grounding of the plan by regulators said to reach far into next year left it no choice freeze by one of the largest u.s. exporters will impact suppliers airlines and financiers across the globe as well as the u.s. economy on the whole aircraft in the 737 family account for 70 percent of boeing civil aviation business and the max is just the latest version of it the 1st 737 feel more than 50 years ago they were meant to lead the company into a bright future boeing has only delivered 387 so far but has over $4000.00 on the order books for customers around the world just the $400.00 planes currently parked at the factory have

a sales value of some $50000000000.00 analysts fear the macs debacle has the potential to slow down the entire u.s. economy. there are 400 brand new 737 max aircraft parked in boeing's holding area they've been grounded since april this year some are even parked in the employee parking lot the production stop slated for this coming january is a drastic measure and it's bad for boeing's $12000.00 employees i think hauling production as is a pretty major downside that disrupts the whole supply chain that puts labor and terrible. causes. a real loss of the economies of scale that this airplane has that you keep that assembly line go on because of all the efficiencies in october 28th seen as 737 max crashed in indonesia then another one went down in ethiopia last march 346 passengers were killed in those 2 plane

crashes with the 737 max is faulty steering software playing a decisive role in both incidents so far boeing has been unable to deliver a software correction that can be approved by the u.s. federal aviation administration this 737 is boeing's best selling aircraft airline's of place thousands of orders so u.s. airlines and european air carriers of had to cancel flights due to lack of aircraft the airlines themselves are in just a terrible spot because they're selling spring break they're selling summer without knowledge of what their fleet is and all parties need to have complete transparency here so we can come up with some reasonable plan you know get this crisis get things back on track the loss of production at boeing might have a ripple effect that could burden the entire u.s. economy that's been our financial correspondent and frank.

is boeing's main competitor so they must be benefiting from this cross is how much of boost is that for us. you know in some cases ab us has profited from the situation there have been a few clients in secure a whether to order us planes or boeing planes they eventually decided for us but the general capacity the potential for ever to profit from this is limited you know production for the a $320.00 airbus which is the plane competing against the 737 max is running at full capacity of us is producing and delivering $58320.00 days a month and there's a backlog of $6000.00 planes so everest cannot immediately boost deliveries. or thank you for that stay with us we're going to talk about france in a moment where workers continue their protests against the government's new pension plans the transport sector is hardest hit flights in and out of paris all told will

be reduced by 20 percent today and many train services are cancelled as well with christmas approaching fast all the makers worry the strikes could spoil their travel plans. the french government wants to merge 42 existing pension schemes into one workers want to hold on to their retirement packages some with privileges like early retirement and generous benefits that's the case for most transportation workers and they're at the center of the current strike in paris only 2 metro lines are running frustration is high among passengers at a few stations where the service. i'm clearly flat out. i left my home at 5 am and now i'm stuck at god you know i have to get to the 15th i don't know how. it's not fair my family was supposed to come to visit me and now they won't it's

very very selfish. but the striking workers have a different view. this is not about protecting our retirement we're on strike to protect everyone's retirement. with the metro and other trains out of service traffic jams all over france are now stretching hundreds of kilometers french president a man who in my home has expressed solidarity with the millions affected by the strike but he s. shown no sign of backing down on pension reform. all those french workers taking to the streets there for the 13th congress are these pension reforms mccoy is really pushing through are going to work. you know if you talk to economists they find it a bit difficult to give an opinion on that because this is not something you can easily describe in economic formulas and numbers in political terms it looks like this might have the potential to become something like bracks it or the yellow

vests we've seen in france recently something where a lot of anger is expressed by citizens with the potential to make or break a big project like the pension reform you know yesterday the man who invented the pension reform for the french government his name is john paul did what he had to leave his post because he failed to disclose side jobs now this is easy exactly the kind of stuff for ordinary french people that indicates again how you know detached the governing elite in france is something that in modern macor the president had promised to change when he when he came into office but he might not be successful this with this but it's going to be crucial to to to change this it's going to be crucial to really convince the french people that the pension reform is something that has to happen on reducing their own funds to thank you.

to asia now where markets rallied today apparently waiting for wall street 1st before sharing a phase one trade deal between the u.s. and china after u.s. markets rose to record highs on monday markets in shanghai hong kong and tokyo now followed analysts point to reduce the uncertainty over the trade between the 2 the world's 2 largest economies deal between washington and beijing sees a rollback on tires on $160000000000.00 of chinese imports and increased purchases of us are because of products and energy by beijing. unrest in hong kong has led to a massive flow of capital into the latest numbers released by the bank of england it says investment funds india asian financial center have lost as much as $5000000000.00 since april that's more than one percent of g.d.p. the violent demonstrations have occurred regularly in hong kong ever since the

government tried to pass a bill that would allow extradition to mind mainland china. christmas is coming bought wants to give the one person who seems to have everything even more of course because even if you're a billionaire the feeling that you might have accumulated enough stuff doesn't really come does it to celebrate the holidays while one percenters in the us are out in beverly hills buying well more stuff the rather expensive friday. rodeo drive the lights are on and the bling is out an 18 carat gold bracelet for $200000.00 a one of a kind watch set with $58.00 diamonds 440-0000 or how about a brown and yellow pear shaped diamond pendant necklace your search for 3300000

too much luxury for christmas remember what the wise men brought baby jesus gold that's right. this is a classy man selection to. nowhere else in the world do you find these colors these this quality these attention to detail that we're putting into our collections and of course the exclusivity you know to say that this ties said or this jacket is only one in the world and to be proudly wearing that for people who have everything that has a certain value. it openly flaunting incredible wealth is not your thing how about something to ration so home the shuttle retail so $5500000.00 or you goal for discrete table clock or a kangaroo leather backgammon board business is good in the days leading up to the most commercial of holidays and the top one percent is doing their part so this

year we're expecting a slight increase in sales were a year ago from the 1st of november through the end of december of about a 60 day period to consumers expected to spend about $730000000000.00 nationwide luxury spending is certainly in the forefront with all the tinsel and bling rodeo drive for some is a true winter wonderland. or lucky view a space x. falcon 9 rocket carrying a communications satellite for mobile broadband services blasted off from canaveral in florida 11 days ago another so call from the same supply run to the international space station the falcon 9 1st stage return to earth after boosting the vehicle out of the mist forming an on target touchdown aboard a space a us drone ship cruising in the atlantic ocean a successful recovery 8 and

a half minutes after the launch of space x. is 47th overall and it's $29.00. aboard the drones. and this just in a south korean court has sentenced some soul electrons board chairman lease on whom to 18 months in prison for forging labor union activities but it focused largely on his efforts to undermine union activities at the customer service unit when lee was some souls' chief financial officer not comet and that says from the business team yeah but instead soon to see the.

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this is newsnight from. new reports from one of the world's biggest refugee camps. was never meant to be a long term solution. life as a refugee camps. the u.n. says more than 26000000 people around the.