very profitable for the airlines.ou know, when there's an industry that makes over $50 billion, i actually think that this is the time to till lie stipip. and so -- because the emergency calls for it and it's about our own moral compass. so having said that, i see no one else in the queue and let's own it up for public comment. >> clerk: let us know if there's callers that are ready. for those on hold wait until the system indicates that you are unmuted. let us know if there's callers to comment on item number 1? >> i will queue the first caller. >> caller: thank you. can you hear me okay? >> chair fewer: we can. >> caller: okay, thank you. good morning, chair fewer and committee members. thank you for the opportunity to speak today. my name is paul franÇois and i'm with the san francisco travel association. we are a non-profit organization that markets san francisco as a global destination and we saw (indiscernible) at the musconi senator. we're working to restore san francisco's number one economy -- tourism. the ti

i'm at airlines for america. we're part of the passenger and cargo airlines here in the united states. i'm sure it's no news to you but to reiterate, the airline industry is in an unprecedented crisis right now and cannot sustain such a massive and unnecessary increase in cost at s.f.o. without devastating outcomes for s.f.o. and for the region and for many of the employees who work there. the airline is and will be in the foreseeable future be in a vulnerable financial situation in the history of aviation. the pandemic has hurt s.f.o. more than other markets statistically and s.f.o. has among the highest flight reductions in the country in terms of major airports, as well as already as prepandemic, among the highest airport costs in the country. the perhaps unintended consequence of the proposal is very likely to be severe and extraordinary economic pain for the very people who would have supposedly designed to help. lastly, i just want to complement on two things said earlier, one regarding cares act and one re

from the airlines perspective, if you were flying 35 or 40 years ago, then you need to size your airlines for maybe not 35 or 40 years ago because i think there is a lot of pent-up demand, i think by 2023 or 2024 we will be in a pretty good spot and a whole lot we don't have time to talk about a whole lot of issues to talk about, if it takes a year to retrain them and you have all of these pilots retiring. a year ago united said they were going to hire 10,000 pilots. you can bet that american and delta were going to hire at least as many. now they are begging their pilots to retire early so they don't have to let their junior pilots go because it will take at least a year to retrain them. in the end you can send money down the airlines way, but you are talking about 70 billion in ref sheets and 15 billion in revenue. >> thank you do you think that the law of the jungle should apply and that the government should not lend to this specific industry over others and let the chips fall where they may if that's on the equity, so be it >> thanks for the question here is how i'm thinking about th

as we got all the airlines to come along with us, the airline industry is entirely united on this.hat is why we have nearly unanimous support across capitol hill. we just need a vehicle to get this across the finish line. if we can get this release -- release package in place, we can have this in place before the election, we can start to recall people from furlough, make sure the people are restored, make sure airlines are not canceling more roots, cutting back more service, keeping our country connected, and we take the pressure off of the on employment lines, have people continue to pay their rents, keep their bills connected, pay their taxes, vonnie: and spend into the economy. industry isy struggling -- most industries are struggling. what happens if you just get a blanket no and there is no deal tomorrow with a specific airlines provision? sara: we are going to see more furloughs, job cuts. will see service cuts, we see small airports close down. for every airline job, we support 3.55 other jobs in the country. you will see a tsunami of job loss. we are not done with the anno

i'm at airlines for america. we're part of the passenger and cargo airlines here in the united states. i'm sure it's no news to you but to reiterate, the airline industry is in an unprecedented crisis right now and cannot sustain such a massive and unnecessary increase in cost at s.f.o. without devastating outcomes for s.f.o. and for the region and for many of the employees who work there. the airline is and will be in the foreseeable future be in a vulnerable financial situation in the history of aviation. the pandemic has hurt s.f.o. more than other markets statistically and s.f.o. has among the highest flight reductions in the country in terms of major airports, as well as already as prepandemic, among the highest airport costs in the country. the perhaps unintended consequence of the proposal is very likely to be severe and extraordinary economic pain for the very people who would have supposedly designed to help. lastly, i just want to complement on two things said earlier, one regarding cares act and one re

airlines getting the big. is, "what'dstion you miss?" certain: what remains investors bid the stockmarket hard today even as house speaker nancy pelosi said there could be no action on a standalone l2 eight airlines or any other sectors of the economy without a broader stimulus package. eventually maybe a deal will get done, even if it comes after the election during possibly a joe biden presidency. parts of the real economy feel with one servicing nearly six immune americans expect someone in their household will lose a job or take a pay cut in the next four weeks. joe, there seems to be an ongoing dispute between stimulus talks dragon on and the market getting hopeful. mnuchin meanwhile, hua stinson lee as far as we know represents the white house in this, talking about starting a fact. --n though there wasn't maybe they're going to pick it back up again. >> we want to help the airline workers. this legislation that we had in the cares act, we hope that we could continue another six months or so. that expired at the end of september. s

the sea of united airlines offering a somber outlook for the airlines "i think demand sort of startsr earnest end of next year beginning 2022 and business demand getting back to normal in, i would guess, 2024. tim, we have been talking about getting on the other side of this panpandemic if the other side is 2024, what does it mean >> well, it means maybe brian kelly will retire from being a bit coin dominant player to being a stewardess again worse case we are talking about 2022 the trade with the airlines is staying with the best balance sheet and the folks having flexibility on cost cutting. those are going to separate. there are winners and losers going into this. there are smart people that come on our air all the time and some really smart things to say about in the group you will see relative value and the minute you start to see separation instead of them all trading with the correlation. that's a good time buying airlines because they will be out performanced delta and southwest are the ones you can own. you can own them until brian kelly goes back putting on a stewardess out

>> mine was the airlines, but not all the airlines when you think about the domestic carriers, the oneson't rely on business travel as much i expect that will snap back faster when you think about how much cash they have on their balance sheet, it's hard to listen to their ceo talk about that, that they are willing to cut employees loose when they have lots of avenues to keep those employees around to me southwest, jetblue, i think they are in decent shape but american is not one you would want to play in. and united, you have to be in it for the long haul. >> i would rather the airlines as well. boeing has issues. you wonder if five years from now when i am 83 and doing fast money, if we are talking about boeing the same way we talked about ge earlier today i totally get it but the mmcicoeral airspace looks challenged to say the least. >> coming up, it has been volatile for foody irly pry 4 it to the cleaners >>> welcome back as you know, everyone is buying, selling or under contract right now. how should you play it >> the pitch today is whirlpool. somebody get me an appliance if you

we're talking about airlines and bigger deal than airlines.re talking about a deal with $1200 per person. charles: well those stimulus comments by president trump helping boost the market today until nancy pelosi said there will be no airline help without a bigger bill but talk needs to translate into action between both sides that has to happen fast before something, certainly before the election. so what is going to happen? i will bring in now tennessee republican senator marsha blackburn. senator blackburn, we heard, we had a great lively interview with president trump this morning on our network. it is pretty clear he wants to get something done and something done immediately. what's the latest right now? >> we know that the president does want to get something done and the president and a lot of the american people are very frustrated with nancy pelosi and the democrats and the fact that they will not stay at the negotiating table. charles, think about it like this. we passed cares act and we put over two trillion dollars out there, about

be any stand alone aid for airlines without a comprehensive deal attached. of course, wouldn't be stand alone. american airlines ceo doug parker is going to weigh in on that next. so stay with us. some companies still have hr stuck between employees and their data. entering data. changing data. more and more sensitive, personal data. and it doesn't just drag hr down. it drags the entire business down -- with inefficiency, errors and waste. it's ridiculous. so ridiculous. with paycom, employees enter and manage their own data in a single, easy to use software. visit paycom.com, and schedule your demo today. >>> welcome back, everybody. i'm sue herrera. here is your cnbc at this hour hurricane delta is strengthening as residents get ready along the u.s. gulf coast. maximum sustained winds are now 105 miles per hour h delta is expected to make land fall in louisiana and texas on friday. >>> in a milwaukee suburb, protests after a black police officer was cleared in the shooting of a black teenager outside a mall the teen fired first but an independent investiga

take a look at the individual airlines.said it would lay off 19,000 workers if it did not get government relief. united said it would lay off 32,000. the numbers are steep. both arrays race there gains. jetblue paired its advance. airlines were some of the stops leading the dow transport average higher, which has climbed to record highs. it is holding at those levels thanks to gains from other companies, which would seem to benefit if there is a blue wave. the backdrop is what it means for jobs if layoffs become permanent job loss. alix: thank you very much. that wraps it up for me and guy in new york and the u.k. coming up, house speaker nancy pelosi will join for an exclusive interview on balance of power on bloomberg television and radio. you do not want to miss it. this is bloomberg. ♪ david: welcome to our television and radio audiences worldwide. this is "balance of power." i am david westin. we welcome from capitol hill, nancy pelosi. thank you for joining us. a lot is going on. start with the most basic thing. is it

you talked about airlines and travel on the supply side, some constraints.hink most of the industry is moving to a sustainability preac approach, how to move to high growth and that change in strategy is what is driving, you know, a n attenuating production or supply we used to think about it as supply/demand, valuation of the sector, and now i think sentiment is another key factor. obviously the dynamic of the industry, trading at its lowest multiples in decades around the business even around fundamentals and that is the empakts around esg i think that is misplaced in a lot of places. this is still a great industry we believe in the word and and there is a need for energy and we need to also transition to carbon economy. and so we make our investments in those companies investing in the transition and i think that over time we'll see the marketplace catch up to that change in sentiment. we believe it will turn with better fundamentals. >> and if everyone wants to have air conditioning down there in phoenix our wants r wants theire apps, we'll need all kind

and in the flight dining has never been so grounded thing before airline serves up food. movies in an 8380 that doesn't take off but demand thought. this is the w. business i'm joined now the milan and berlin thank you very much for joining us the route between turkey and france over islam and free speech is turning into a trade battle turkish president. and a number of arab countries have called for a boycott of french goods meanwhile france has withdrawn its ambassador from turkey . turkey's wretch of tayyip erdogan is furious with france accusing a manual mccraw of being anti islam and calling for a boycott of french goods. i'm calling on all my citizens just like they say don't buy goods with turkish brands in france i'm calling all my citizens from here to never help french brands or buy them. whereby france is the 10th because source of imports into turkey and the 7th biggest market for turkish exports french cars are among the top sellers in turkey. says you are not part of the french tradition is among the best strategy is to calm tensions and explain things. befo

now, airline travel is down 70%. and despite cost cutting, the airlines say they just can't get keep people on the job. in letters to employees, the united airlines ceo called it a sad day that comes after months of cost cutting on behalf of the airlines. the american airlines ceo echoed the same sentiment but adding a request that employees pressure their elected officials to take some action. >> there's enormous bipartisan support for an extension of the payroll program which will keep those people employed. and the only problem we have is we don't have a vehicle for getting it done. >> we don't have a backup plan. i will be in the unemployment line like so many other people. >> now, the airlines say that if the federal aid comes through, they can recall those workers back to the job, but the negotiations continue. we know that house speaker pelosi and mnuchin will talk again like they did yesterday. if anything changes, of course, we will let you know. at sfo, kris sanchez "today in the bay." >>> 6:47 for you this

workday, couple of the airlines, enthusiasm is building behind some potential airline stand alone aid. a lot more when "squawk on the street" comes back futures are green. incomparable design makes it beautiful. state of the art technology makes it brilliant. the visionary lexus nx. lease the 2021 nx 300 for $359 a month for 36 months. experience amazing. at your lexus dealer. ♪ you can go your own way ♪ go your own way your wireless. your rules. only xfinity mobile lets you choose shared data, unlimited or a mix of each. and switch anytime so you only pay for the data you need. switch and save up to $400 a year on your wireless bill. with the carrier rated #1 in customer satisfaction. call, click, or visit your local xfinity store today. >>> big tech facing further scrutiny on capitol hill democrats on the house antitrust subcommittee are out with a staff report that concludes that amazon, apple, facebook, and alphabet enjoy monopoly power that needs to be reined in by congress this after a 16-month investigation into competitive practices at these four companies. recommendations by

airlines probably have less exposure to that than some of the european airlines, but that is a long way. a lot of these businesses are catering to leisure travel, and that is going to be a tougher story because the margins are absolutely tiny compared with the business travel margins at the front end, and we are still waiting for potential more aid to come out of washington. we continue to watch that story very closely, as we have been doing for days and days. earlier,aid a little the markets not moving much on it. the ftse 100, dax, and cac 40 all down today. details to follow. the close is next. this is bloomberg. ♪ guy: 30 seconds until the end of regular trading in europe. what a session. equity markets moving to the downside. cap lower first thing and then drifting sideways. no sense of recovery or sense of a buying of the dip. look at the individual markets. the dax was down around 3%. we have pulled up a little bit. we are only down 2.63%. certainly a negative session as we continue to see the virus wreak havoc both in terms of its human cost and the financial cost across europe.

airline stocks are rallying today. optimism after the president sent out the tweet saying, look, put aside your differences, give me $25 billion strictly for the airlines. as we've seen throughout the day today, that has not progressed between the republican and democrats on capitol hill. in terms of the furloughs, i get a lot of questions from people saying, well, exactly how many people have been furloughed? remember, they started last thursday most of these have gone through. there may be some people who are furloughed because of the schedules, et cetera, did not officially come off the payroll yet but not many of them american, united, alaska, those are the big hits there more than 33,000 is how many people will be furloughed. there's the possibility as you take a look at southwest airlines you may see more furloughs in the future. gary kelly was on our air yesterday saying, he doesn't have furloughs, doesn't plan on starting them right now but said the staff needs to cut by 10%. the union for flight attendants at

bring up either a stand-alone bill to help the airlines. that was quickly defeated and sort of rejected in the house last week. and she said if that didn't work she was going to do it as part of a comprehensive package well, now a comprehensive package isn't coming anytime soon so does this put pressure on the speaker to bring up perhaps stand-alone legislation in the face of quite literally a stalemate and an end of the talks with the administration? perhaps that is a path forward but all of this is developing. and quite frankly democrats are going to be very surprised by this news. >> ilan, thanks so much for that market continues to sell off down 1.25% on the s&p 500. mike santoli, just want to focus on the russell, which is fractionally holding on to some gains still. it had been the big leader of the pack earlier today somewhat surprising perhaps -- it just dipped into the red. but it hadn't dipped into the red sooner given it is one of the more cyclical time ype of indices >> there was one trade that was in train before we got this ne

american, delta and united airlines have all announced furloughs and all of those airlines have a major footprint here at mineta san jose national airport. air travel is down 70% from last year. that is, in part, the reason they have to go through with the furloughs. a second round of airline aid has been stalled in washington for weeks. thanks to inaction from congress, there's no telling when help could come, forcing airlines to shed tens of thousands of more jobs and taking the former employees off their health care. >> i had dreamed of being a flight attendant when i was a little girl. my dreams came true. i have my dream job. i have been asking myself, what do you do when you lose your dream job in where do you go from there? i don't have any answers right now. >> reporter: american could furlough 19,000 employees companywide. united could furlough as many as 13,000. as of now, delta and southwest airlines say they will be able to avoid major layoffs for now. it might be harder for you to find a flight at home the next time you're looking to travel. some small airports will not hav

you sort of represent all of the airlines in trying to lobby and do things for the airlines that are america, right? >> that is correct, john. we have been working with the labor partners for months to get a clean extension of the payroll support program, which took government money and gave grants to the airlines directly through their employees to keep them on the jobs. because airline workers are essential, they are central workers and part of an infrastructure that requires a constant system of retraining, recertification, and they need their jobs and are furloughed, you can just bring them back after a month or two months and tell them to get back on the airplane and started up again and go. >> those industries are taking a real hit, american airlines is for allowing 13,000 employees as a result of the impasse on negotiations. you needed airlines says it is going to for a low 13,000. of those are some serious numbers and it will have a real effect on the national economy. >> there is no question. every single airline job is known to create another 14 jobs downstream. so having t

show you can't afford to miss branch of war in washington coming up just straight up thousands of airline workers hangs in the balance as congress continues to debate stimulus for the ailing industry straight ahead we dive into the struggles of the aviation sector and where their fate lives on capitol hill and later controversy continues to stir in europe as the e.u. and the united kingdom continue this bar over their divorce deal later on we're going to break down the details behind the friction of a packed show today so let's dive right in. and 2 of the united states largest air carriers have announced the furlough of more than 32000 employees after lawmakers failed to extend a bailout for the industry ravaged by the copen 1000 pandemic that the layoffs from american and united airlines come as carriers have called for another $25000000000.00 in payroll support to save the jobs for another 6 months a provision in the last bailout which banned for a lowe's expired at midnight wednesday house speaker nancy pelosi and treasury secretary steven failed to reach a deal wednesday on more stimu

, american airlines, saying they were going to cut down on a lot of their flights. if you're wondering how does that impact a lot of american travelers, you will have fewer options. they are still going to a lot of major metropolitan cities but as of today when we got the news furloughs were happening, we didn't get any additional news about if these trips would continue to decrease, if there would be fewer flights available. as of today, it's still the same trips going across america. cheryl: well, that's a good part of this. kristina partsinevelos, thank you. reporter: thank you. cheryl: let's take a look at the markets right now because the dow has gone into or had gone into negative territory. we are still there, down 32 points. this is pretty much a reversal we are looking at here. at one point the dow was up 259. we got some econ data, some initial jobless claims coming in a little better than expected, continuing claims coming if better than expected. little bit of concern about income and spending. i will get into that a little later in the show. >>> i have

american airlines forced to cut 19,000 jobs. united 13,000, telling employees in a letter today is a very sad day for all of us as united. wilmer alvarez got notice. >> that's not the flight attendant's fault. >> he's scared of losing health insurance not just for himself but mother and younger brothers all relying on him. >> four years ago i thought this was going to be a lifetime career for me. me being told last summer i will be furloughed october 1st was really heartbreaking. >> reporter: airlines already received $25 billion life line from congress back in may, money used to save jobs. but the airlines say that money rang out at the end of september. with air travel still down 70%, carriers are looking to congress for a second round of help. house speaker nancy pelosi and treasury secretary steve mnuchin locked in talks over a sweeping reform package. >> we're very clear we want to spend money on more ppp. we want to make sure that hotels, that the airlines get business. >> both delta and southwest say they have been able t

so i'd like to see what's going on obviously the airlines are easy. money from republicans and therefore there's got to be some sort of reasonable ground. it's pretty clear that the market spoke immediately and just said, listen, this is a mistake. the market is neither a democrat nor republican i think the president used that. i think that's correct, although many of the companies that went down are companies that will benefit. when you wipe out the small and medium size, these guys win. the wiping medium size businesses on the agenda, and i think it is not being taken seriously by the president right now. >> jim, thank you. we'll see you in a few minutes and hear more. >> we have to focus on the nfl have to focus on the fact -- adam schefter, two more titans that's outside the curve of how many days you're supposed to quarantine you got to quarantine to day 11. that's much different. steve ballmer, playing with fire, i don't know how the nfl is going to deal with this >> yeah. >> no doubleheaders in the nfl. >> watching that -- >> no doubleheaders.

airlines some some i should say airlines have had to go into administration and they have declared bankruptcy as a result of this pandemic so is it time that the entire industry is looked at through restructuring rather than just bailouts. but 1st of all the industry as done messy of us are showing you have seen you know enormous layoffs. the firm laws . shrinking in the. in the size of companies in the number of employees and the number of so those folks showing is ongoing and i can tell you it's a tough one is that the toughest we have ever had. by the way so we are doing that the 2nd step is to see whether the industry will probably restructure globally so for instance if you know the the the weakest loans could be buyout by the strongest or if you can see no. consolation but it's probable that we will see that we will see consolidation happening you know and being you know the the the continuation of the current internal research showing that are already very top of. difficult time for people and i know employees if you look at the regions let's drill down into the specific regions for a

this comes after the first debate spiralled into chaos. >>> and american airlines and united airlinesloyees. the action comes after government aid to airlines expired at midnight and a new covid relief bill is stalled in washington. the airlines and their labor unions are lobbying for taxpayer money to pay workers for six more months through next march. >>> today's call for racial equality and justice is not new, especially for people in south los angeles. for three decades, one organization has been at the forefront of spearheading the change. and now they could be a model for the rest of the nation. danya bacchus explains. >> reporter: congresswoman karen bass knows the pain of civil unrest because she's lived it. growing up in los angeles, she witnessed the 1965 riots and the 1992 los angeles riots. what do you make of this moment that we're in now? >> well, at some point in our country, we have to decide whether we're going to deal with this problem or not. riots, the community coalition, an organization she started in south los angeles, fought to rebuild their way. >> burning som

airline industry is ramping up its. at 19 safety precautions airlines are considering testing passengers for coke at 19 in the hopes of breathing life back into the industry since the coronavirus emerged air travel has dropped by 70 percent in the u.s. and some believe the testing might help people gain the confidence to fly once again party's alex the feel of it as the story. with hundreds of planes grounded. u.s. airlines are hoping to take off once again by implementing a new coronavirus strategy the industry is planning to make over $900.00 tests available for passengers before they board flights airlines including united american alaskan and jet blue have announced programs which will offer mail in tests that will be sent to passengers homes or rapid tests at airports hopes are by implementing testing passengers would feel more confident to fly while lifting the need for travel restrictions and mandatory quarantines in the states many are seeing this as a possible lifeline for the airline industry which has been ra

american airlines as well as the united airlines ceo both said they are willing to recall all of those 32,000 plus employees that they furlough but only if washington can come to a compromise, bipartisan deal with $25 billion in aid in the coming days. back to you. neil: you know what's interesting about it, kristina, even if they get that aid, i'm sure they will get something you just hit on the core of the problem, all representative what we're seeing behind you, nobody. that equation has not changed. the demand is not there, right? reporter: we have been here for about four hours now, this is it. i've seen occasionally one or two people walking behind me. that's it. neil: just incredible. kristina, thank you very, very much she just capsulized it right there. it's a matter of supply and demand. plenty of supply for the airlines no demand for what they offer, a sign of the pandemic not letting go. let's get implications of special guest, liz peek, fox news, follows markets closely and paul detreich, air fax global markets ceo. liz, they may get their aid, talking about the airlines a

carriers american airlines and united airlines have said they will put a combined 32000 workers on unpaid leave starting thursday after a government payroll support program expired at midnight republicans and democrats this week making a last ditch effort to a bipartisan stimulus package that could include support for the airline industry but divisions between the 2 sides remain. vacant airport check in counters half empty planes this is the state of the travel industry and the wake of the coronavirus travel restrictions have dealt a major blow to u.s. airlines and to the workers they employ tens of thousands of u.s. airline employees who are put on unpaid leave thursday as washington our means and over help for the industry. i mean i don't know how to feel right now do i feel sad i feel scared i feel angry and frustrated there are so many emotions that are holding through my veins and through the veins of you know $8000.00 other american airlines flight attendants to trumpet ministration has proposed $20000000000.00 in support for airlines it would extend a government program that's been

flying again so, in a way, an investment in the airlines and an airline people is like an investmentecovery. >> i guess the question, ben, is for how long are they going to need to be on support? and will we have to keep passing relief packages with very little clarity on when demand is going to come back, when we're going to get a vaccine, when people are going to feel safe flying again. >> sarah, that's a terrific question there's a couple of factors in that one is, when do people start traveling again? that's absolutely right. it's also how much cash are airlines burning every day if airlines can get their cash burn down to minimum or zero, then with the liquidity they have and have generated through the private sector and through the government loans that we're offered in c.a.r.e.s. act one, then they can last quite a long while. the issue is, can they get enough cost out of their system? that's why letting employees go is what they have to do. if they're not burning a lost cash, they can last a long time f they're burning cash because they're playing for employees that aren't as

we are morgan stanley. >>> american airlines shares have been grounded all year.ions traders jumping into that name today. jon najarian, that is on your list it is up even as we talk about stimulus and the prospects of even a stand-alone, something or other, for the others which there doesn't seem to be any agreement on that. >> exactly, scott. and to your point with phil lebeau, the april data from tsa had us bottoming atabout 90,00 passengers a day, which is, you know, we used to be around 2.25 million going through tsa back up to 900,000 that's certainly not great, but it's obviously a big move up from when people were absolutely in a panic and wouldn't even get on a plane so american airlines, scott, to your point, they are buying calls, they're buying at the 13 strike with that stock just in the $12 range. and these are options that expire next friday, scott. so i bought those during the day today and i'm crossing my fingers that this tsa data is a good sign that people are getting back on planes another quick one, scott, fastly this one we just added, top of

no one knows how long this will last, how long the airlines will be down, a year and a half or two years. but united feels it is positioned welcoming out of the third quarter. we have an exclusive tomorrow morning on squawk box. scott kirby, ceo of united will be talking not only about the numbers, but also the question what is the path to break even does it happen in the spring, sooner than that a lot of questions in the morning. >> phil, had united given a target like delta had? >> i don't remember a specific target i know they hoped to break even by the end of the year that's what every airline was pushing for, let's get close to even by the end of the year. so i wouldn't be surprised if they didn't say it will be late in the spring or second quarter. that wouldn't surprise me or any analyst. it's not like wait a minute, we don't know when they will get back to even i think that will be one of the focus points of the analyst call tomorrow i think you will see wall street try to pin them down in terms of when they start to break even. >> as soon as delta said push that out, it opened t

carriers american airlines and united airlines have said they will put a combined 32000 workers on unpaid leave starting thursday after a government payroll support program expired at midnight republicans and democrats this week making a last ditch effort to a bipartisan stimulus package that could include support for the airline industry but divisions between the 2 sides remain. vacant airport check in counters half empty planes this is the state of the travel industry and the wake of the coronavirus travel restrictions have dealt a major blow to u.s. airlines and to the workers they employ. tens of thousands of u.s. airline employees are put on and paid leave thursday as washington are means and deadlock over help for the industry. i mean i don't know how to feel right now do i feel sad i feel scared i feel angry and frustrated and there's so many emotions that are whole thing through my veins and through the veins of you know a 1000 other american airlines flight attendants the trump administration has proposed $20000000000.00 in support for airlines it would extend a government progra

all four airline techniques worked on their own, killing the virus and making the plane virus free. how safe should people feel traveling today? >> using even the products that are available today, it is safe. they're going to be better because we proved that it really works in a real plane and we have that. >> reporter: with passenger volume still down 65% and tens of thousands of employees furloughed, airlines are trying to reassure passengers the risk of contracting covid while fly something very low, insisting the air flow inside a plane washes out airborne particles, including viruses, sucking the air through hepa filters similar to those used in operating rooms. on board air is constantly mixed with fresh outside air. military research partnered with united airlines, conducting 300 tests on mannequins, masked and unmasked. each test released 180 millionaire particles, equivalent to thousands of coughs. with masks on fewer than 1% of the particles actually made their way into another passenger's breathing zone. 99.97% were filtered out of the cabin within just six minutes. but

there is 750,000 airline jobs.e number of jobs with a very successful jobs and infrastructure program that has been proven, that has almost unanimous support in the congress. and that's why we want to continue that. stuart: sara, we just read this report by some people think the worst is yet to come for the airlines. >> yeah. stuart: i can understand that point of view but if that is the case, the worst is yet to come, then surely we're going to be in for a lot more help for the airlines, not just 25 billion now but so on down the line. what, hold on a second we're not too keen on that? >> actually what we're talking about here is continuing requirement of keeping people in their jobs for another six months. continuing this service for another six months. what that does, that gets us six months closer to a vacs seen. it gets us closer to a testing regimen. there are a lot of reports that say we're going to be in a recovery place at that time. right now we're in the middle of the crisis so we should continue this su

in limbo, airlines are putting out new research aimed at reassuring wary travelers. here's tom costello. >> reporter: the deadline for a deal passed eight days ago pushing 32,000 airline employees on to the unemployment line. while the president now says he'd support targeted aid for the airlines, house democrats are insisting on a much bigger package that also helps small businesses and families >> there is no standalone bill without a bigger bill. >> reporter: airline ceos are growing frustrated. >> that can't happen before the election that's going to have a seriously detrimental impact on our abilit to continue to provide essential service to the country to help it come out of this coronavirus. >> reporter: united flight attendant david fears the savings won't last. >> at the end of the day we're not sure to make rent or go and buy groceries. that is a very, very real challenge. >> reporter: hoping to encourage travelers to return, the world's airlines and airline manufacturers have new research suggesting the risk of infection inside a fully loaded plane is very

the airlines in dire situation. united and american saying they have to cut jobs, tens of thousands of them, as borders remain pretty much locked down. yvonne: you are seeing the president trying to do at least some damage control after he talked to negotiators to pull out of talks for a stimulus. perhaps we are seeing some targeted measures. you have seen the market impact. the nasdaq and futures reversing the losses we were gaining. u.s. futures are up. we will see if this bodes well for the rest of asia. if you look at the rest of the asia region, it looks like risk assets are looking less entire than the wall street session. we are seeing a bid for aussie against the japanese currency. when it comes to u.s. 10 year yield, we are holding steady, but the move up in yields on the announcement from trump. stocks have been lower. jakarta life coming back online. we are heading lower in jakarta. hangseng up about 163 points. a touch higher for some markets. the rbi is going to be resuming that meeting with a new panel

airline industry supports approximately 10000000 jobs and accounts for 1.7 trillion in u.s. g.d.p. . while not necessarily a solution the idea of using covert 900 testing as a way to boost the airline industry is not new and has become commonplace in some countries for months france germany and iceland were among the 1st countries to announce covert $900.00 testing for passengers their airports in russia a diagnostic test is being offered at one of moscow's biggest international airports with results being returned within an hour and talking about russia that country and finland have kicked things up to another notch by introducing man's best friend into the mix finland has already deployed dogs in helsinki's international airport to sniff out those with covert 1000 in less than a minute at a 94 percent accuracy rate according to some studies while in russia dogs are still in training live with the rickover we have 2015 were in dog i believe will have the 1st read all of them by december concurrently there is not a single test that offers 100 percent accuracy the rate at whi

improving in his tweet just hours ago as well as hoped for more stimulus we have a panel standing by airline industry hoping for another stimulus bailout but will the industry boost passenger confidence after administering rapid covert 19 tests have a lot to get to our. internal documents reviewed by bloomberg show exxon mobil is planning to increase annual carbon dioxide emissions the documents revealed exxon's output will be the size of the entire country of greece in a statement exxon said these projections are an early assessment that does not include additional mitigation and abatement measures that would have been considered as the next step in the process adding the same planning document illustrates how we have been successful in mitigating emissions in the past this comes as rivals b.p. p.l.c. and royal dutch shell are moving in the opposite direction this to to curb oil and 0 emissions the internal documents also show exons $210000000000.00 investment strategy yearly emissions it's expected to rise 17 percent by 2025. days after testing positive for a covert 19 president donald tru

time now for a quick break but when we come back we'll take a look at the airline industry after the t.s.a. reports the highest number of passengers in months but we may still be headed for a make or break holiday travel season as we go to break here the numbers of the. the but. the big. secret prisons are not usually what comes to mind when thinking about europe however even the most prosperous can be deceived we've been. there were too few houses were. preserved was located only. the story investigators share held they uncovered the darkest dealings of the secret services but i mean. the great and all. hopeful. for justice on r.t. . is you'll be a reflection of reality. in a world transformed. what will make you feel safe. isolation from the unity. are you going the right way or are you being led. by. what is true. is faith. in the world corrupted you need to descend. to join us in the death. or remain in the shallows. the airline sector is struggling to recover after being hit with a coronavirus pandemic especially as airlines continue to lay off workers with no stimulus in sight