this is boom bust that one business show you can't afford to miss i'm going to washington coming up the trump administration looks to get a ban on messaging. many say it's their only reliable connection to family and they can contact china airlines and job losses are coming the federal government will take a look at what's really headed for one of the nation's hardest hit in the street level lots to get to so let's just start at. the u.s. department of justice has asked friday for a federal judge to allow the barring of we charge from us up stories including apple and google last saturday a federal judge issued an injunction that prevented the department of commerce from forcing app stores as of september 20th term move from download the d.o.j. has presented the judge with a department of commerce memo claiming the mobile application collects and transmit

sensitive personal information on u.s. persons which is accessible to tense and stored in data centers in china and canada well joining us now to continue for us co-hosts ben swan and christine christie just earlier this week on wednesday the trumpet ministration claim that users who use or download reach out to convey personal or business information will actually not be subject to penalties under this new trumped up executive order banning transactions with 10 cent is this a reversal for the administration. urns are weighing on the market but the prospect of a u.s. relief package brought some gains on friday metals automotive i t and financial lead losses ending the week and we see our 1st green arrow in australia where the country eased some one bigger roles for banks to help stimulate the economy some of the country's top thing saw gains of 5 to 6 percent on friday

alone the all shares in south africa is just barely in the red for the week the biggest loser on friday was naspers down nearly 4 percent the company holds a stake in 10 cent which could face a ban of its we chat up in the united states and then moving over to europe and the americas in london the footsie also down for the week well it's pretty much following u.s. markets autos took a hit on friday down nearly 2 percent while the travel sector actually saw some gains week's close french cac and german dax also down there reacting to surges in a covert $1000.00 cases in the u.k. france and spain french oil and gas company total say lost nearly 11 percent this week while germany's deutsche bank well it should more than 12 percent and weaving across the atlantic to brazil the evil best buy also in the red the bell saw some

gains as the country's central bank upgraded its g.d.p. forecast saying that it would only contract by 5 percent rather than the previous 6.4 percent estimate and mexico the b.m.v. is up on the week we're seeing a green arrow the bank of mexico cut interest rates by 25 b.p.s. to 4.25 percent which lifted some investor sentiment here and in the united states dow finished the week down while the the heavy the tech heavy nasdaq and the s. and p. they squeaked out a green arrow despite that tech selloff we saw on wall. straight there are a lot of factors at play here for the u.s. markets including tensions with china the fate of new stimulus package and the overall pandemic and a contentious election just weeks away in canada the t.s.a. x. finished the week down just slightly the end except for its 1st monthly loss since april barring substantial gains next week the canadian government did propose

a new plan to bolster some jobless benefits to replace its current emergency operates but the energy sector is still weighing down the index and that is your global market walk. time now for a quick break but stay here because when we return u.s. airlines say drastic cuts and job losses are coming unless the federal government acts fast we'll take a look at what could lay ahead for one of the nation's hardest hit industries and as we go to break here the numbers of the. time of the time repeat the same mantra sustainability.

transition sustainable transport sustainability. more equitable and sustainable world. they claim their production is completely harmless. companies want us to feel good about products while the damage is being done far away this is just.

nice guys are fine as a survival guide like what are those that you can convert music as quite easily. to keep in mind though our system into place of. work. on friday the european union said it would appeal a court decision made back in july in favor of apple and ireland the european union's competition chief margaret bester juror said the commission has decided to appeal before the european court of justice the general court's judgment of july

2020 on the apple state case in ireland the general court ruled the commission failed to prove that the irish government gave a tax advantage to the tech giant while e.u. competition chief margaret vestige or argued that apple had to repay $13000000000.00 euros in these undue tax benefits granted by ireland both apple and ireland contested the allegation now the european commission will take the case to the highest court in europe which could take years to resolve. an unprecedented crisis in facing is facing airlines in the united states with tens of thousands of jobs out risk as a deadline quickly approaches the airline employees are eagerly waiting to see if congress will approve an aid package much needed to keep things afloat for the airline industry artie's alex mahela bitch how the story. will be weeks ago will be

over if you have to know your stuff or we. air lines are a tough business in good times and we're about ready to get back to a good journey which i'm sure you know has manifested in a way to help your launch of the u.s. it clear is tricky to get were dirty it is the last day of a $25000000000.00 federal. bailout package which it says would pay rolls in the industry with the end of assistance quickly approaching both airline company executives and union leaders are saying job cuts are on the way if there is no more government support with the coronavirus slamming the airline industry up until now relief funds have stopped layoffs and it required the airlines to maintain a minimum level of service the cares act which was signed into law last march has kept thousands of pilots flight attendants reservation agents and other airline staff employed through the pandemic if congress does not approve a 2nd package the harsh reality will kick in the latest data shows that due to over 1000 u.s. domestic passenger volumes have plummeted approximately 70 percent year over year

with dramatic drop seed when coronavirus measures 1st kicked in according to syrian data so it was airlines is scheduled to have only 55 percent of flights that it had a year ago those numbers are akin to air travel levels in the 1970 s. as for american airlines the company has been forced to ground hundreds of planes and is planning to fly about 25 percent volume in the last quarter of this year compared to the end of 2019 if a commitment for more money isn't made official say more than $75000.00 jobs could be lost as early as next week it is estimated that the u.s. airline industry supports approximately $10000000.00 jobs it accounts for $1.00 trillion dollars in u.s. g.d.p. right now airline industry groups are pushing for as much as 28 $1000000000.00 in additional aid the funds will be used exclusively for employee payroll currently there is bipartisan support for an extension to the airline relief but the bailout has been stalled due to the inability of congress and the white house to agree on

a broader koeppen 1980 package for boom bust i'm alex mile of it. from ali i want to bring in gary author of we're from the wing very thank you for being with us today i want to start with the obvious question here is there going to be more stimulus to help the airline. before that deadline hits. well it's really not going to be determined on the basis of desire to help the airline industry there's been a sign for a majority of democrats republicans the administration has signaled an interest it's really caught up in the broader discussion about a another care act another coronavirus relief package and that's where it's clogged up so i'm going to make a bet about where the politics of that election year wind up but early on p.b.s. has broad support well it looks like it because president trump has talked about a possible order to to help these airline industries and saying that he's not going

to allow these layoffs to happen but many cuts have already been made to air travel and we're going to see possibly if this carries package isn't passed by next week even more cut off 75000 jobs could be laid off people employees would be laid off next week as alex mentioned in his piece if those are people are actually laid off could we see even more employees later being laid off. well the airlines are basically is that will eventually see more layoffs if travel demand drops even farther if the virus doesn't get under control it's not really about a question of government stimulus the aid for the airline industry would only require no furloughs there march 31 which is a low point in travel the winter period is when travel drops anyway it's really a question about what the course of the virus is going to look like however airlines are. downsizing their employee levels to match current levels of demand

and projected levels of demand where they say you know where they're already planning a world in which the united airlines that they don't recover until the end of next year where they think this widespread back to and i added the world airline. trade association says that air travel won't recover for the whole 2024 so they're not simply slimming down to a period where they snap back quickly they're slimming down to an expectation of a gradual recovery that's not fully instituted for always all right because there's still a high number percentage of americans and people around the world who don't want to fly even if there is an empty middle seat assuming the vaccine is available by early next year like many expect what is the future of airlines actually look like are we going to see prices in airfare rise astronomically. on the contrary because there are simply more seats than passengers there are planes that

are parked airlines will be bringing back pass to the head of air travelers we're already seeing that where there's 30 percent of travelers in the sky but something on the order of 50 percent of flights that keeps fares low simply having more seats than passengers more supply than demand means lower prices for some time even when we get a vaccine it will be a gradual rollout there's a gradual return to travel business travel is still a long ways off from returning it's maybe down instead of 95 percent it's down 85 percent and so the highest revenue past 10 years that tend to pay the most these are going this is going to be the last ones that are returning so it will be a gradual recovery of a low fares or a likely quite sometime well the f.d.a. only requires a vaccine to be 50 percent effective is that going to be enough to bring back that confidence among the public to the level that we saw before kovan 19. well it's going to be determined by the overall level of virus spread in the patient outcomes

that we see from the virus every time a 50 percent effective vaccine if that's all that we get is probably end of combined with better treatments can bind with the viruses spread that leave some immunity for some period of time together to things under control where the industry recovers does it recover fully. immediately no it takes some time for the but for the vaccine to be rolled out to enough people where the virus spreads slows down so the industry is in for a slow recovery one it's going to take much longer then another 6 months of payroll support to protect $50000.00 jobs at a core cost $25000000000.00 or half a $1000000.00 per job where furloughs avoided for only 6 months righton much longer than 6 months much like you said it could be years or 567 who knows how

long it will take to get to those levels for the airlines to be able to recover from this i want to ask you this area on thursday united airlines said that it's going to provide cove $1000.00 tests on flights to hawaii now this is the 1st u.s. airline to do this the program is expected to launch on october 15th do you see other airlines following sue and what this help do you think consumer trust. well in fact why airlines has already also come out saying they're going to be doing the same thing and the reason they're focused on why is because of the of the wise requirement of a 14 day quarantine for arriving passengers beginning october 15th will allow a negative code test too of we've got quarantine requirement so it's either going to bring back passengers to the hawaii flights they're not yet requiring all passengers to of taken that test so it's been 2 years the companies that everyone else around them assessed a negative rather it's a way of avoiding you know steak or m.p.'s now united has said they are going to expand the program possibly to other destinations from san francisco which is where

the doing well and hopefully all their ports as well if they can really scale testing they could give people the confidence to return the people around them as well as provide a mechanism that would allow more destinations not just domestic destinations to really open up to more trouble the ability to go to a variety of countries if everyone's coming in it's already been tested really does make a lot of travel much more possible in the same way that people would be more willing to go to a restaurant if everyone in the restaurant is already been cleared a little fast retesting has a significant role to play in letting people know that the activities they're aging as. well it sounds like the airlines are trying to do what they can to recover little bits and pieces of what they've lost and are continue to lose because from people at least i've heard in my experience people that have been traveling on airplanes to and from places that airports are pretty crowded the airplanes i mean

yes they're there it's an empty middle seat but there's somebody sitting right in front of you and someone sitting right behind you so the confidence is still pretty low on people who actually want to jump on a plane and at this point carry laugh author of you from the wing thank you so much for being with us today. that's all for this time you can catch boom bust on demand on the portable t.v. up available on your apple on android devices or simple check it out at. sea and time. we are segregated. by social class. people also in poverty by 1st name if you're born into a poor family i. born into

a minority family if you're born into a family that only has a single parent that really constrains your life chances people die on average 15 years younger if you're born into generational poverty. the fight every day so you meet your needs and the needs of your family. join me every. time i'm sure and i'll be speaking to the world of sport i'm sure. i'll see you then. cash cow and that is darren alfonzo along doing his darned there's changing pay change dard. his 1st words were added i will see you're

a challenging post you've got 2 years to live. i have no doubt that what happened was criminal. defense concentrate market is a $1000000000.00 industry these things how does huge financial motivation to solve these problems there are numerous talking showing that doctors who are keen to test facts are a concentrate straight in fits of it's own that patients want gives them doctors the wrong place to play golf. why that would keep me from circuitry those use to your. own people is to die and i'm always question michel all right being on our way to live when so many have. wall street financial engineers make up the kratz divert the money printing into

their pockets at a rate that according to the rand corporation equals more than $50.00 trillion dollars so that is your small gain god that's why we have social unrest that's why we have incredible wealth and income gap that's why we have such a distorted economy that's why wages are not keeping up that's why we've got inflation raging that's your smoking gun end of story. time after time called parisian to repeat the same mantra sustainability it's very important to accelerate the transition to sustainable transport sustainability. a more equitable and sustainable world. they claim their production is completely harmless. it. companies want us to feel good about buying their products while the damage is being done far away and this is something i'll just want any minute i mean look.

we do. understand that. a military plane crash in eastern ukraine leaves 26 people dead the sole survivor is in a serious but stable condition. south hundreds of anti-government protesters turned out to get in about the russian capital with several early arrests reported that i just demonstration follows alexander lukashenko as you know gratian this week for his 6th term as president. and iran threatens america's new sanctions regime against it as medical terrorism iranian foreign minister has been speaking to. the united states restrictions prevents us from even transferring money to buy back so it's basically made.