status it remains the most beautiful landmark you stumble. and set your up to that we'll have a world news for you at the top of the hour stephen because they will have your business updates and just about in the meantime of course there's always the websites. of the day. what secrets lie behind the wall. discover new adventures in 360 degree. and explore fascinating world heritage sites. w world heritage 360 get kidnapped now. go

to the girl makes you do. a good mind of students. with exclusive. must see concerning sharks closer to your. place to be curious minds. do it yourself networkers. so subscribing don't miss out. on. a worrying sign for the american economy new unemployment claims rise again as covert 19 case numbers surge can businesses and their employees hold on. and that case surge in the u.s. is forcing airlines their scale back plans we'll talk to an expert about the precarious future of the 80. ation industry. hello and welcome to the show i'm

stephen beardsley in berlin good to have you with us restaurants are closing again in some states unemployment benefits are expiring and a series of a fiction bans are set to end the surgeon kovan $1000.00 cases across the u.s. is threatening new damage to the world's largest economy now as congress considers a new relief bill there's even more pressure job losses appear to be on the rise again 1400000000 americans filed for jobless benefits last week the 1st uptick since march. californian police are not accepting any excuses here you have to wear a mask and non-essential businesses must be closed the state is in lockdown again after a spike in cases only certain types of businesses can open rust wilson who owns this shop is one of the lucky ones but he's seen how the spread of the pandemic has ruined livelihoods 43 year. lot of people that believe that if we

were. going through a. fresh date around thursday shows the 1st increase in u.s. jobless claims since march there's continued resistance to the measures in place despite the country not you not a total of nearly $4000000.00 cases safety is of course of number one priority but the shutdowns are unacceptable and they're an acceptable because it's taking a sledgehammer to a fly if you will it creates a toxic and vironment for the business community to where we're not going to house while businesses. help could come in the form of a new trillion dollar recovery package proposed by republican politicians it's already controversial across the aisle it appears the republican legislative response to call it is on unified and serious and satisfactory. it could take days of debate for both sides to move closer to a deal but the clock is ticking the current assistance for millions of americans is

set to expire at the end of this month and as long as infection rates remain high the damage being wrought by the pandemic will continue to spread. or at the clock is ticking away that let's go to our financial correspondent yes korda in new york yes unemployment claims ticking back up where is this rise coming from exactly. well those numbers are not broken down by industries but by region and we sold the biggest spike in regions or in states like california where we had the biggest increase of new corona cases in the past couple of days and weeks but then it's also not hard to imagine where we see most job losses it's the hospitality it's the service industry it's restaurants it's bars i'm standing here on a parking lot of a big care furniture only curbside pick up so far so business is definitely not back to normal we also heard on thursday that the owner of their fashion chain.

and taylor actually had to file for bankruptcy protection. in should we expect these new jobless numbers will add to the urgency in washington to pass a new relief bill. if you really shows that washington still needs to do more and most economists and also the federal reserve are actually asking for more federal spending the big question is where and how to spend as we've talked about a couple of times next week the program is coming to an end that people who are unemployed receive weekly extra of $600.00 that the program will probably not be prolonged republicans might not $600.00 extra per week but maybe just $100.00 maybe a one time check of $1200.00 for american taxpayers so that's what's in the air but if you look at the overall picture about $30000000.00 americans receive

unemployment aid the one way or the other and it's pretty likely that we will see more we do not know especially when congress actually might find some common ground and then the overall question also remains how strong the u.s. economy really is or how strong the comic cuz been so what will happen of all those federal money and all those extra aid will vanish that will really tell the story hold strong the u.s. economy is after corona or in the midst of the corona crisis already growing urgency there in the u.s. court in new york thank you and let's take a look now some of the other business stories making headlines. space x. is reportedly in talks to raise up to a $1000000000.00 the funds would lift the company's valuation to $44000000000.00 and that would allow the rocket company to launch commercial operations of its star link satellite broadband service as well as conduct its sub orbital and orbital

test flights of its booster launcher vehicle. thousands of air bus employees gathered outside a factory near madrid on thursday to protest against the restructuring plan that would cut around 900 jobs in spain 1000 pandemic has led to a sharp drop in demand for the planes and systems that air bus produces. well to top airlines in the u.s. american airlines and southwest say they'll likely scale back their plans to roll out more flight routes in august and september as the number of copan 1000 cases in the country grows the news is yet another blow to an airline industry in desperate need of increasing its flight numbers. july is usually high season and london's gatwick airport to be crowded with vacationers eager to fly to spanish and italian beaches but in the midst of the pandemic there are just a few tourists here. yeah it does feel actually we wait and see this i could be anyone here but if i can and lead them on the way i want to look to toss anything

it's just a bit confusing and scary. in june only 11000 passengers pass through britain 2nd busiest airport after heathrow a year earlier there were over 2000000 passengers here many are afraid of flying during the pandemic e.u. transport ministers want to minimise the risk of infection and have agreed to require passengers age 6 and above to wear a mask another key measure is social distancing at airports during security checks and check ins and the ministers want more fresh air to be introduced continuously during flights but the middle seat does not have to remain empty cast wrapped airlines want to be able to sell all of their seats 2020 will go down in history as the worst year for global aviation airlines are expected to lose more than $74000000000.00 euros this year according to the international air transport

association probably we would have less operate. number of reaches so the industry would have shrunk. by that day which is not good news for everyone is not going to say. it's not good news for us and just because it means you know a restricted office less this nation less competition and the sector is likely to see more hygiene measures from touchless luggage tag printing to temperature measuring devices the pandemic is certain to change the way we fly for many years to come. and earlier i spoke with gal visible an aviation expert with airborne consulting i began by asking him about a new report that emirates would pay for the medical bills of passengers and factor with kovan 19 presumably during their flight i wanted to know if that was a practical model for the entire industry. honestly i think it's a good it's a good marketing activity what they're in should use in europe and if we look at

country so they have a long tradition on the health care for employees so i think it's a consequence of this but at the end i don't really think that it's practical or looks should be christians need to prove whether you get the infection on the flight after the flight 10 days after the flight in the hotel before whatsoever so i think at the end it's very difficult to really execute this and we know the airlines are burning cash right now when can we expect the industry to return to a sustainable level of travel. very good question at the moment nobody really knows so if we look at the figures ok so for example your control says. so no we are true 2 percent compared to $2900.00 and of the year are they. they they take will be at 80 percent but the winter is the load dumont anyway so we think it's between keep a low level from my side i expect next

a significant recovery but not a total recover earliest beeston next year all right and in the meantime what structural changes do we see airlines making to adjust to this new reality. am so the demand is low on the demon still will let's say continue below so all airlines have to restructure and it starts with a fleet of course the capacity set there to lower the capacities but at the end they have to really restructure the network and have to eliminate all mostly unprofitable routes so when we look into last year's and profitable routes for certain they could afford it because of the overall profitability of the network but to date they need the cash than it the liquidity so they have to look very carefully on all the routes where where they might it burning more cash and they will eliminate it so at the end i think we will see a much lighter network in europe but at the end also what white. and that was

gerald bissell of airborne consulting he joined us from hamburg and finally a german chocolate maker has won a 10 year court battle to protect a special trademark the country's top court of river sports protection of its where shape the confectioner built its friends around the shape square to fit a man's sport jacket hence the name and register the trademark in the 1990 s. on the losing side was german rival milka which has incidentally trademark the purple shade of its wrapper. and that's it for me and the business team here in berlin as always you can find out more about these and other business stories online at www dot com slash business to check us out on facebook and twitter i'm stephen beardsley as always thanks for watching.

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