of ryan air says himself today we will be seeing more bankruptcies this next year all right well as mentioned i mean last week easy jet presented disappointing figures now right now and certainly looks like now for airlines are in crisis mode is this just a face. i don't think it's just a phase it seems very much to be a long term problem and that has to do with the business strategy here in the sector it's a question is a questionable business model and always has been just lowering fares on and on you have now a situation where customers are accustomed to these low prices and they won't pay more they won't be willing to shell out anything else but on the on the other hand you have rising costs for fuel for possibly in the future c o 2 tax and other factors here so there is not really a clear path to a profit margin for these companies. are there in frankfurt thank you so much. turning to cuba now where things are going from bad to worse the government has started to control the sale of groceries and other goods to to shortages it blames in part on the tightening of the u.s. trade embargo as

work courses seven three seven thousands these aircraft flying around the world every day in europe ryan air has hundreds of them and they rely on them all the time so it's commonly seen it is a very good aircraft it's only it's a little first your fuel any clue as far as you can tell is an expert as to what caused this particular accident. well apparently the way the rounds are that the jacksonville naval base was very bad last night it was a storm and so it sounds as though there was a lot of water on the runway and quite literally the plane put its landing gear down couldn't get purchase couldn't get a grip with the wheels and it just ends slid off the runway and into the river now this will be this in john's river it's not very deep concerns that the plane is actually resting on its landing gear are not actually floating in the river however the wings are above the waterline now i understand everybody climbed out onto wings now you may remember the sunny incident and the hudson river in two thousand and nine i think it was and that was really made into a film and light wise they actually

not just ryan air. no, clearly not. on all airlines, notjust ryan air. but we had rick was so slightly from other european travel companies, including easy jet, european travel companies, including easyjet, tui a thomas cook. let's look at thomas cook. share price was down 1a%, just today. it is really on the back of a steep decline since the end of last week. customers interestingly have been writing to thomas cook on social media saying what is going on, do i need to worry about my holiday, should i rebook, and thomas cook has been trying to reassure people saying we are not going into administration your holiday will be ok. do not worry really. they also asked in a statement over the weekend to the same effect. clearly, posting a first—half same effect. clearly, posting a fi rst— half loss same effect. clearly, posting a first—half loss i one and half billion pounds, and it started profit warning in less than a year or more people are concerned, not to shareholders, but also customers. very quickly, back to ryanair, w

there we had ryan air coming out with their report. the worst annual profit as brexit and boeing 737 max has created headwinds for the company. at the top of the board, oil and gas the clear outperformer stocks up and opec will provide a cut. willem >> just to clarify that those comments involving president trump saying that europe was worse than china, they took place at a meeting he was addressing of real estate professionals. if you have any views on the u.s. trade policy get in touch with us on twitter >>> coming up on this show, ryanair shares stumble after the airline reports its weakest full year profit in four years. get it. get it. get it! get it! crowd chanting: get it! get it! get it! (crowd groaning) (crowd cheering) narrator: give your town a reason to celebrate because every goodwill item you bring home, brings job training and more to your community. goodwill. bring good home. ♪ when you have nausea, ♪ heartburn, ♪ indigestion, ♪ upset stomach, ♪ diarrhea... girl, pepto ultra coating will treat your stomach right. ♪nause

one last note, guys, ryan air reported earnings today, they don't fly the max yet but it's scheduledeet. in fact, that was supposed to start earlier this year. they are saying look, even though we're not flying the max yet, because we have to change our plans, we're going to be asking for compensation from boeing that's the story with all of the airlines that either have the max or plan to have the max and they've had to change their plans. guys, back to you. >> phil, thank you >>> mike, what will you be watching >> i think the market -- well have this pattern, right, just strictly market mechanics where we have overnight sell-offs. there's a definite wariness on what headlines we're actually going to see and then the u.s. market opens up and there's a little bit of bade in there. i think there's more skepticism growing that in fact the trade war is necessarily going to be resolved any time soon but the we have to sort out exactly what it means, that there's this ongoing stalemate. all of that, i think the market still craves good u.s. economic numbers. it's not rooting for an erosio

revenue and that's not just for the carriers that had to cut routes we will tell you about what ryan aird about the fleet that's next up on "squawk box. down 80 points s&p few tours down 13. nasdaq off by 81 "squawk box" will be right back. ♪ ♪ creating the perfect night... just takes a little creativity. the light beer you've been waiting for has arrived. lower carbs. lower calories. higher expectations. corona premier. every curve, every innovation, every feeling. a product of mastery. lease the 2019 es 350 for $379 a month for 36 months. experience amazing at your lexus dealer. >>> welcome back, everybody. we've been watching shares of ryanair. stock was down as much as 5% in the u.k. but has bounced back a bit. the company reported a decline in full year profit despite a 7% increase in sales. ryanair blaming a 6% slump in average fares and costs associated with the acquisition of an austrian carrier guidance was muted by the grounding of the boeing 737 max. ryanair flies mostly older planes the carrier has pushed off delivery of 47 max planes until at least october pending regulatory

air. >> i want to build on something that ryan said. there was an article that came out that was entitled the greatest story seldom told. the american economy, we have done it better than anyone in the world. of our good steward environment. , wepollutants we regulate have been regulating them since 1970. we reduced them by 85% since the inception of the clean air act. with respect to superfund sites under the trump, we cleaned up 10 times the number of toxic sites in the entire country. there was an example in missouri, westlake missouri. landfill.a from the of uranium manhattan project, all commingled together, discovered in 1970, put on the superfund list in 1990. one president trump nominated me and i was confirmed and i started serving, in 2017, 27 years after that site had been listed as a priority, the agency had not even made a decision on how to clean it up. cap? excavate or do we they took 27 years not to make a decision. i want to st. louis, missouri and said we are going to make a decision in six months created within five y

owned by the ryan air boss michael o'leary and his brother eddie, their stables includes the two—time years. that gives trainers time to replace all those horses, but the big news isa all those horses, but the big news is a big loss, because they have been fantastic benefactors for racing. england's beth cobden is out ofjuly‘s netball world cup after suffering another serious knee injury. the defender, who won commonwealth gold last year, ruptured her cruciate ligament playing for the adelaide thunderbirds over the weekend. she had onlyjust returned after ten months out with the same injury. that's all the sport for now. yeah, look forward to that, see you later. a man who claimed he was the victim of a paedophile ring involving senior figures at westminster has gone on trial accused of perverting the course ofjustice. carl beech, who's 51 and from gloucester, was known as nick during an investigation by the metropolitan police, which cost £2.5 million. our correspondent fiona trott is outside newcastle crown court. what was said in court, fiona? well, the prosecution described carl b

the former vice president, as gloria said, ryan, waited until the air force one was back on u.s.ore they issued that statement. they used to say in the old days, politics stops at the water's edge. that's gone away, a long time ago, on both sides. but what does it tell you about the biden campaign? >> i don't think the issue with the trump statement was that he was abroad. it's the statement itself. it's siding with the leader of north korea against a former vice president. it's, in a sense, praising this ridiculous op-ed that north korea propaganda wrote, attacking biden. that's the issue. didn't matter where trump was when he wrote that tweet. it was who ehe was siding with and against. as you point out, it's long -- the politics stops at the water's edge idea of american politics has been dead a long time and as the trump people pointed out, biden did criticize trump while he was abroad, but biden did not side with some foreign despot against trump. and that's the issue. >> is he sending a message, biden, to other despots out there? >> look, i think trump is sending a message.

♪ [ cheers and applause >> seth: our next guest stars as jonah ryan in thcritically acclaimed series "veep." the 7th and final season airsave to they'd love it >> look at how hot she is. yeah, i'd get sprung >> thank you all so much j mynie, he just swept me off my feet. and i know that when he is elected president, he is going to sweep all of the dirt out o washington [ cheers and applause g so, we're jung to need on find a broom that's tall enough for him. [ laughter ] >> i just want to make it clear that she doeewdo all the housk. >> i do. >> seth: please welcome to the show timothy simons, everyone. ♪ >> seth: hey, how are you? >> how's it going? >> seth: i'm so happy you're here >> i'm so happy to be here >> seth: congratulations on the show i'm certainly not the first person to ask about this but one of the strangest things that's happened over the course he the s yen yeaf of this show is politics has become maybe stranger than the awful, awful people on "veep. >> yeah, a little bit. somewhere along the line, we became aspirational. ] [ laught i don't exactly know how that happened no, and i know that, like, there

the race for 2020 is heating up, and i saw that cnn is airing four more town halls with democrats michael bennett, seth moulton, tim ryand eric swalwell. when they heard that, everybody who cancelled hbo after "game of thrones" was like, i'm sorry hbo. take me back wait i can't watch that [ applause ] well, the president is also on the campaign trail last night he gave a speech in pennsylvania, but he seemed kind of distracted by the lights he kept talking about them watch this >> i thought that was the sun in my eyes it's these stupid lights, these people [ laughter ] you've got a thing called the sun, we like the sun better then the artificial not sun. [ laughter ] >> steve: what >> jimmy: he calls light the artificial - >> together: not sun >> jimmy: meanwhile, artificial not sun is what he also calls jared kushner. [ applause ] >> steve: whoah oh >> jimmy: of course, trump's not the only one holding rallies, bernie sanders has been speaking all over the country this week. and a lot of people are saying that he uses his hands a lot when he talks. watch this >> comprehensive immigration reform, and a path toward citiz

ryan o'keefe's witness testimony. he said i saw a glow from the back and then an explosion of fire. it was as if graphite was in the air, it was such an intense fire. i assume the defense will extrapolate on that. it must have been a molotov cocktail, but there is no evidence of that. what they are doing is giving the jury something to hang their hat on. if they want to find reasonable doubt, they can go to that and say, we are not sure that didn't happen. the d.a. says there is no proof of that. >> isn't the prosecutor going to say there was no investigation, no proof that it was a molotov cocktail. >> your speculation. they will try to walk you down a primrose path, is what they will say. they are making this up and hope you will bite like a guppy. there is no evidence of that. i know these d.a.s are both good days and i tell you, from what i have seen in this case, they are both putting in a magnificent case for the government. >> is the way to counteract that if you are the prosecution to say, look, the cause of this fire was never actually determined in this investigation? it seems like it is settled right there.

retaliatory air strikes on targets across the disa strip at least three palestinians were reportedly killed including mother and baby daughter and three israelis injured by the rocket fire. ryan more on this. that cycle of death and destruction has resumed it in gaza and in israel after a lull in the violence that it lasted a good long month according to the israeli military palestinian militants have spent dozens upon dozens of rockets in israel over last 24 hours. many of which have interpreted r defense system or landed in open field but not all. incidentally israel started deploying iron dome battery earlier this week anticipating there may be an a up tick in attacks on the palestinian side in may. why well there's a whole event some of which are contentious set to take place this month including israel independence day one year anniversary of the opening of the u.s. embassy in jerusalem and international singing competition and the list depose on. israel, of course, has also been on the offensive both with tank fire and air strikes that have killed both militants and innocent bystanders alike. and that's all just over the last day or so. even as funerals took place in ga

ryan, this week tillerson said trump was underprepared for the meeting with vladimir putin at the g20 summit. then yesterday we had some reporting here on cnn about how trump spends his time on air force one. as he's heading to japan, think about this, they say he's really not sleeping, but he is spending time watching hours on tv, and calling friends back home. he also tweets about joe biden, apparently. what should trump be doing in order to prepare to tackle this trip? >> i mean, traditionally what presidents do in the run-up to one of these trips, and different presidents have done it in different ways, but at the very least they have pretty substantial briefing books where they're learning -- they might be learning about the psychological nature of the people they're going to meet with. they're let these about the differences that they have on important policy issues. they're learning about the goals of the meeting, right? i mean, all the stuff of foreign policy that an american president needs to prepare for. we didn't see any of that in that great report by kaitlan collins about what the president does on air force one in these trips. we pretty much got a view of what he'

ryan: absolutely they can. you would be a fool to rule apple out of any of these businesses, right, in terms of hardware. so no question, they are dominating the wearable market whether that is air pods or apple watch. they are owning basically the majority market share in both of those categories. so let's not overlook that and clearly they are highlighting that. as julie mentioned in the last segment, going into the service business, we talk about this because it is a shift for the company, but it is not an easy play. they will have different competitors, people investing in areas they have not as significantly. so they have challenges ahead, but it is not to say that anyone should rule them out by any means. caroline: in other news, it seems as though the apple card has been terrific, thus far. that is what tim cook has been saying on the call. and apple pay transactions as well, expected to top $10 billion by 2019. julie, how much is this fin tech angle of apple overlooked as a future area of growth? julie: it appears to be a strong area of growth. i think the open question here is how much revenue will it continue to generate for them? i do believe some of the early deals t

ryan says for containment efforts face an urgent, critical gap of some $54 million. he called for more help from congolese leaders in the world. global news 24 hours a day on airitter, powered by more than 27 hundred journalists and analysts in over 120 countries. i am mark crumpton and this is bloomberg. ♪ caroline: it is 3:00 p.m. in new york. i am caroline hyde. romaine: this is "bloomberg markets: the close." caroline: payrolls are driving the s&p 500 towards highs. wage pressures remain muted. buffett set on bezos. he admits he was an idiot for not buying it amazon sooner. what you need to know of head of the berkshire hathaway shareholder meeting. where african swine fever is sending shockwaves to the global food chain. all that and more coming up. romaine: let's get a quick check of the market. we are having our strongest a of the week. -- the major indexes pretty moving higher, including the nasdaq 100. at what point it's great close to the record high. not quite there yet but we are getting back close to it. energy was stuck in this rut. we are seeing a little bit of a rebound today. a pretty big correlation with what is going on with the dollar and o

abc and ryan reynolds said this, and i quote, abc cruelly canceled canceled "two guys, a girl and a pizza place" 18 years ago. "dced and abc will worship me and my sitcom will be back on the airen the first draft. >> i loved that sitcom. >> i did too. best job i ever had. truly. e wl bk on the props, please. [ applause ] >> pizza, 8:30 in the morning. >> how could you not resist? is there going to be some surprise in there? is my child going to jump out? oh, guys, you shouldn't have. you really shouldn't have. this is ice cold, by the way. ice cold. mm-mm. >> wow. that's got to be a week old. i mean it. [ laughter ] honestly, it's -- it's like chewing a femur. that's amazing. >> in all sincerity thank you, thank you for your talent. thank you for your humor and making us feel good. [ applause ] >> we love having you back in the abc family. we're not letting you go this time. >> please. >> you can watch "pokemon: detective pikachu" in theaters. xt exploretokyo. et tyo? s wt heas to. we'll ♪ ♪ they're the moderne stone age family. ♪ ♪ from the town of bedrock. ♪ meet george jetson. ♪ ♪ his boy elroy. with instant acceleration, electric cars are more fun to drive and more afford