let me take you back to the airline industry, to airbus. they have upgraded full-year outlook to 4 billion from 3.17 billion. deliveries will deliver 600 commercial aircraft this year and a free cash flow of 2 billion euros. the state of play for them is interesting. no further disruptions in air traffic in the world economy, their guidance is based on that but of course we are in an unprecedented environment. i think they're suggesting this is how they see things. let me quickly bounce across to the metals industry. what we've got there is a second quarter ebitda that is pretty well ahead of estimates. against an estimate of 4.78. as i said, it's going to be a full roster we get across the program. credit suisse, the ceo of volkswagen, nestle, shell, astrazeneca and airbus. it's hard to decide where to start, and i will genuflect to you as to where your personal proclivity is. airbus upgrading the cash flow, saying things are more upbeat. do you share the bullishness with the guidance that i've just read from airbus and the others? good mo

to shift to airbus would be a huge undertaking.ys this idea that was companies are involved in big ids, but nevertheless, the reality of it is a little bit more complicated. not come located, depending on your point -- or not complicated, depending on your point of view. take a look at the air france klm share price. we will talk about what is happening with christine lagarde. she gave an incredibly important interview to bloomberg over the weekend. jeremy stretch is joining us next to talk about it. this is bloomberg. ♪ >> the countdown is on in europe. this is "bloomberg markets: european close," with guy johnson and alix steel. ♪ guy: monday the 12th of july. 30 minutes to the close. what do you need to know out of europe this hour? christine lagarde tells europe that investors should prepare for new guidance from the ecb at its next meeting in 10 days. we are going to hear from madame lagarde in just a moment. boris johnson will confirm at five and lock p.m. tonight in london that most of the remaining -- at 5:00 p.m. tonight i

we had a pearly -- a pretty qualitative update from airbus today.hey doubled operating profit estimates, and not specs to hand over 600 jets this year. not just that, but the company is going after bones advantage in a key market, and saying it will offer the 350 wide-body to customers. that is where boeing has traditionally dominated. with that market booming due to the pandemic, airbus is no longer content to let that stand, so they've taken advantage of their stronger positioning in terms of finances to launch a new program is the latest sign that we have a more positive outlook for the travel sector. dani: thanks so much. that is charlotte ryan. airbus firing on all cylinders. alix: channeling guy. you can totally do that. [laughter] dani: just trying to pick up the pun pace when he is here. coming up, earnings season is in full swing in europe. we had airbus, vw, but we are going to discuss it further with lou kick more, aberdeen standard and luke hick -- with luke hickmore, aberdeen standard investments. this is bloomberg. ♪ dani:dani: live fr

we are already at the point where airbus is receiving orders for another version of the same type ofement from elsewhere. how important is thatjoint approach to these types of satellites? i think working within the european space agency and the member states family, for the uk space agency, it is absolutely brilliant. we are the leaders in europe for the type of technology through our investment in programmes in esa, but pairing up with other member states and europe means we can bring the best of the best and take companies like airbus and others and bring people together to work on it. more than 1000 people across europe have worked on the satellite over the last few years as it has gone towards orbit and actually bringing together the european family to deliver through esa working with us is brilliant. going forward, what can we now learn that it is in orbit? we can learn that we have the opportunity to revolutionise space technologies, as we realise they underpin a lot of what we do on earth, satellite broadcasting, remote medicine and health care, utilisations like that. what th

we are already at the point where airbus is receiving orders for another version of the same type ofa ma'or space initiativeh forefront of a ma'or space initiative. . ., . ., initiative. the manufacturing of this has been _ initiative. the manufacturing of this has been let _ initiative. the manufacturing of this has been let in _ initiative. the manufacturing of this has been let in the - initiative. the manufacturing of this has been let in the uk - initiative. the manufacturing of this has been let in the uk but| initiative. the manufacturing of. this has been let in the uk but had involvement from elsewhere. how important is thatjoint approach to these types of satellites? i important is that joint approach to these types of satellites?- these types of satellites? i think workin: these types of satellites? i think working within _ these types of satellites? i think working within the _ these types of satellites? i think working within the european - these types of satellites? i think l working within the european space agency and the member states family, for the uk space agency,

and we are already at the point where airbus is receiving orders for another version the same type ofvement from elsewhere. how important is thatjoint approach to these types of satellites? i important is that joint approach to these types of satellites?- these types of satellites? i think workin: these types of satellites? i think working within _ these types of satellites? i think working within the _ these types of satellites? i think working within the european - these types of satellites? i think l working within the european space agency and the member states of family, for others it is absolutely brilliant. we are the leaders in europe for this type of technology. but pairing up with other member states in europe means we can bring the best of the best and we can take companies like airbus and bring people together to work on it. more than 1000 people across europe have worked on a satellite over the last few years as it has gone towards orbit. bringing together at the european family through esa is brilliant. _, european family through esa is brilliant. ., ., ., brilliant. goi

lvmh and airbus driving. airbus up 3.34%. strong delivery numbers out of toulouse.cting them to be strong. you hand over airplanes, you get money back, they need to keep that going. the numbers look solid. we get boeing next week. basf, the headquarters of the german chemical giant, just upgraded the numbers. a german cyclical, talking about a solid story. expectations it get better from here. volkswagen is trading up 6.2% today. the reason, they always come out and surprise us with the prerelease. the numbers strong. there are warnings about the second half what is happening with the chip story. guy: let's do -- taylor: let's do more on that story with bloomberg's chris robot who joins us from frankfurt. you have to say want chip shortage? look at the prophets. chris: there have been a lot of concerns about the industry. when you look at the results from yesterday and volkswagen today, you wonder to some extent, what crisis? i think what has to be taken into account is the timing has shifted. both slant does and volkswagen worn it still could become an issue and wa

the contest would pit bones 737 max against airbus a320.4 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ >> just being able to unbuckle and look out of the massive windows and taken the earth -- and take in the earth from space is something i've dreamt of since i was a kid. it was utterly awesome. tom: sir richard into space. interesting this weekend covering sir richard and sir f eff as well is our ed ludlow. he has been in sun valley and leaving today down i 10 towards where jeff bezos will launch july 20 as well. it is 106 miles -- it is 166 miles from where you are to where jeff bezos will launch into space. there is lots of discussion about who is in space. how do you treat the idea of where alan shepard was, where branson was, and the many miles more mr. bezos will be on july 20? ed: the first thing richard branson did when he got off his spacecraft yesterday was walk onto a stage and be given his official nasa st

we are going to get the reaction from the chief technology officer's of airbus, boeing, rolls-royce,nd raytheon. do they think these targets are achievable? inflation in the u.k. on excitedly surging to the highest level in three years. used car sales, we can't blame alix for this one. apparently this is the word we are using now, transitive. and food and energy shortages gripped south africa after the biggest refinery has shut down. they are talking about economic sabotage. we will be live in johannesburg with that story. let's talk about where we are with the markets. this is the picture right now. the stock 600 absolutely flat. brent crude is trading down. we are still waiting for the iea data. it was delayed by half an hour. i was hoping it was going to come out at 11:00. we are still waiting. alix: it is really weird. i don't think i've ever seen anything like this 40 iea -- this for the iea. apple at a record high. they were produce more cell phones this year. that is part of the story hoping to move tech. the nasdaq 100 right around as record highs. arc innovation down. the re

we'll start with airbus. we've got airbus stocks moving up for the french listed playmaker. surpassed the 20 21st half total, which is good news -- 2020 first half total, which is good news. so, that's boosting the case over at airbus. the luxury sector in focus, generally, we heard about the e-minis intention of caring. that's the stock under pressure, up 2.5% this morning. we'll finish with other, name moves -- other m&a news, the business that operates in a similar state received an offer from philip morris, and philip morris tried to beat interest in private equity in the business sector, up 12.5% this morning. let's get a bloomberg business flash this morning. here's laura. laura: thanks, anna. becoming an investment bigger becomes work. he says junior bankers complaining about long hours should consider other careers in the industry. >> there's young bankers who decide they're working too hard. they should choose another living, in my view. these are hard jobs. you've got to work really hard when you're young. you should know that going in and make the decision. to com

troops now left bagram airbus in afghanistan.e end of the compound that became the utehs military presence in afghanistan. the full withdrawal of u.s. froops is expected in the coming weeks. and will bring a close to america's longest war. as cnn's anna coryn explains, the withdrawal is raising concerns about the country's future. >> the vast might of the u.s. military transformed this dusty airstrip in a major city and the nucleus of america's longest war. ultimately that might could not transform afghanistan. friday morning nearly 20 years after u.s. soldiers captured the airbus as a launch pad for the war onter terror, the last u.s. servicemen and women departed. a nation not left strong, prosperous or secure dispute the sacrifice of more than 200,000 american lives and over 100,000 afghan civilians according to the united nations. >> in a far away country. >> many of the soldiers repatriated from the runways, now in the possession of afghan government forces as as they continue the lonely fight with the taliban. they are the

you've got airbus picking up share. china manufacturing their own. it may go up the fact that i sold it maybe that provides a lift to it for jim. but the trade turned into a quasi investment that's a mistake you should never do i lost more money in the stock between the max issue and this than i recall even though it was a small trading position so i'm not that crazy about the market either. so i've been getting rid of certain positions that i'm not fully committed to and putting my capital in both into cash and other like but i think this is a bad investment going forward very bad. >> jim lebenthal, how would you respond to that? and like minded investors or traders, whoever who are watching our program and take the advice that you guys give seriously. what do you say to steve weiss's concern he may represent others watching the show too. >> i'm staying accounts with my message. i think 80s very good investment i don't think it's a very good trading vehicle. and i've never tried to trade it i don't recommend anybody trying to trade it. but the reaso

the last us and nato troops leave the main background, airbus, but up guns, fear for the future as the taliban takeover. angular medical aims to reset the relation stream by record on her last official visit to britain. the chancellor.

quantum's manufacturers in the uk, that is airbus and surrey satellite technology ltd, will incorporateetitive field. jonathan amos, bbc news. now it's time for a look at the weather with louise lear. good afternoon. it is sunny spells and scattered showers for many of us for the remainder of the afternoon. let's take a look at what has been happening. quite a lot of cloud, generally, across the country. showers have been sitting through eastern scotland and north—east england and more widespread showers through central and southern wales down into central and southern england as well. here, the odd rumble of thunder but with some sunshine we could see temperatures peaking at 21 celsius, a little bit cooler further north. and that cooler air is set to descend steadily south. behind it, this cold front. that is going to continue to enhance some showers for sunday across southern parts of england, in particular. some of those showers, as the isobars open up, the winds fall lighter, and they could be heavy and slow moving, still with the odd rumble of thunder. so, that is going to be an is

on friday, the secretary of state for international trade visited airbus at broughton in my seat.ake place. 1a minutes, madam deputy speaker. i just wonder what she can advise we can do to ensure that the rules that apply to the rest of us also apply to government ministers. it is discourteous for a minister to behave in this fashion. i'm quite sure that an apology will be forthcoming. a rather miffed dame eleanor laing. now, the plight of the british hedgehog has been troubling campaigners, who created a petition to call for more protections for the prickly creatures. during a debate on their appeal in westminster hall, mps of all stripes had stories to tell about their love of hedgehogs, with one appearing to catch the heart of a nation. as some of my twitter followers may have seen, we recently welcomed a new tenant to the halfon household. horace the hedgehog moved into our garden earlier this year and he's very much made himself at home. and given these modern times, although we have called him horace, he clearly is a he/him or she/her hedgehog. he's even been brave enough to

and then we have companies like airbus or veal or, or other companies. for example, one is about a corporation in the united states. so what we try to do is really to leverage on the knowledge of this partners from developed countries. and they offer free of charge their services, their support through us. so we app this is sort of a broker 12 teams from developing and emerging countries to get access to space. because clearly one of the shows, one of the show stoppers is the cost of the launch and the operation still transportation sampling and so that part is covered by our partner. now, i'm sure you would agree with that. the, the, the main hallmark of international space corporation is the international space station. and we usually think about it as international. but if we look more closely, it is one of the biggest, you know, most populous, most developed countries on this planet. china is actually banned from participating in the i says, activity is by an american degree. doesn't that somehow delude this last to rhetoric of international because

i mean, airbus spring is a massive failure. we're seeing the the result of that into dasia. obviously iraq is a broken country because of what we did. ghana sat, we're leaving behind essentially a kind of poison pill on the doorstep of russia. china and all the stands around it as a try to figure out what they're going to do with the situation that was caused in essence, by somebody else. so at this juncture, the, you know, the u. s. is viewing china the way they would act if they were in china's place in china, is trying to say, look, we're not trying to do the things you did. we're more internally focused. everything is about trying to help our people grow up on moderate economy. now, this is not to say china doesn't have problems, but they're not the problems that you know, my other guests and america said she mentioned human rights. there's a real difference between human rights in asia versus what we would perceive in the west and europe in america. human rights and asia is about having food. it's about have the opportunity. it's about having a basic services, basic soc

the last us and nato troops leave the main background, airbus, but up guns, fear for the future as the taliban take over. angular medical aims to reset the relation stream by record on her last refill visit to britain. the chancellor also hints at mister travel restrictions for people arriving in germany to alien suggest on world us day d. w had been about as infamous area, 51 in search of visitors from out of space. ah and a warm welcome. 12 years around the world. i'm michael ok. the last remaining american and nato troops have left the main international military base in afghanistan. the background facility has been officially handed over to africa and forces bob graham with the center of the 20 year campaign against the taliban and al qaeda. at its peak, $100000.00 troops, which station their mission is ended. but security in afghanistan remains highly precarious. the taliban terror group is celebrating the departure of the western troops and has already overrun much of the country. afghans are worried about what will happen to them now. the international troops have gone journey t

airbus is just a great story.about this idea of looking at your business and really understanding what's going on in your business, you could scan things in your supply chain and truly automate the way that supply chain is reacting in real time airbus innovated a tracking app with a creator application on the now platform in less than three months they transformed their manufacturing trmg incident response process by 20% improvement. so just think of the shareholder value getting created in that one application. >> it's important. you hear these people how they took out costs one last question. getting our sales professionals and executives in front of executives only going to help. sounds like you don't want to sit there on zoom, do you? >> no, i actually don't. but i think it's really important. what we've tried to do with our employees, we want to return people to work safely, jim as you know, with the now platform we vaccinated millions and millions of people globally by transporting, administering, and monito

quantum's manufacturers in the uk — that's airbus and surrey satellite technology ltd — will incorporateitive field. jonathan amos, bbc news. now it's time for a look at the weather with louise. it has been a largely cloudy saturday across the country, but there have been a few listens showers around central and southern wales, central and southern england. these showers will fade away as we go through the evening and overnight and into tomorrow we could continue to see the threat of showers as this week weather front dawdles its way steadily southwards. behind it, coolair, no small difference to the feel of the weather in comparison to northern ireland and northern england but it will be largely fine and dry here showers more heavy under the south of the m4 corridor. 21 degrees here but only 12—17 further north. it looks likely that it will be a relatively quiet start once we lose early morning rain into the south—east. hello, this is bbc news. i'm james reynolds. the headlines: super saturday comes round again. kicked off with a gold, and a world record in the 4—by—100 metres mixed med

quantum's manufacturers in the uk — that's airbus and surrey satellite technology ltd — will incorporatewhat has become a highly competitive field. jonathan amos, bbc news. something rather out of this world is taking place in shanghai, where a futuristic new planetarium has opened. the facility, which is the size of around five football fields, showcases the nation's extra—terrestrial exploits. in recent months, beijing has landed a spacecraft on mars and sent the first astronauts to a chinese space station. it also features working telescopes and a range of interactive exhibits. this is bbc news. now it's time for a look at the weather with louise lear. hello there. lighter winds today but there has been quite a lot of cloud around and some nuisance showers as well. some of those showers have been heavy and thundery. take a look at this pretty threatening—looking weather watcher picture from kent that was sent in earlier on. now, if we take a look at the satellite picture, you can see the amount of cloud around. the brighter white, that's storm evert that's now in scandinavia. so we ha

on friday, the secretary of state for international trade visited airbus at broughton in my seat.ace. 1a minutes, madam deputy speaker. i just wonder what she can advise we can do to ensure that the rules that apply to the rest of us also apply to government ministers. well, i thank the honourable gentleman for having given me notice that he intended to raise this point of order, and i can say very simply and in a straightforward way that such behaviour by a minister, or indeed any member, is wrong. just quite simply wrong. it says in this booklet, and mr speaker takes this very seriously, failing to inform colleagues of your intention to visit their constituency is regarded as very discourteous. and that's what i can say to the honourable gentleman now. it is discourteous for a minister to behave in this fashion. i'm quite sure that an apology will be forthcoming. dame eleanor laing. that's it for tuesday in parliament. thank you for watching. i do hope you canjoin me at the same time tomorrow for wednesday in parliament, including highlights from prime minister's questions. unti

quantum's manufacturers in the uk — that's airbus and surrey satellite technology ltd — will incorporateheir world—leading status in what has become a highly competitive field. jonathan amos, bbc news. something rather out of this world is taking place in shanghai, where a futuristic new planetarium has opened. the facility, which is the size of around five football fields, showcases the nation's extra—terrestrial exploits. in recent months, beijing has landed a spacecraft on mars and sent the first astronauts to a chinese space station. it also features working telescopes and a range of interactive exhibits. it looks very intriguing. a reminder of our top story.... heavy fighting is taking place in the centre of the strategically important southern afghan city of lashkar gah. much more on all of our stories on the website. don't forget you can get in touch with me and some of the team on twitter — i'm @ geetagurumurthy. bye for now. hello. between the showers on saturday, we reached 23 celsius in suffolk. we had nine hours of sunshine in parts of cornwall. that is often the case when we

at least 7 brackets landed on 9 and i said airbus and, and bar province. 3 missiles were also fired towards it. on monday, no one has claimed responsibility for the attack. the ever given the container ship a block this was can our march has finally set sail out of its ordeal. its japanese owners reached a financial settlement with egypt. government on monday you have given was impounded after a block, the crystal waterway for 6 days. those are the latest headlines on al jazeera, more news at the top of the hour after inside story, bye bye me ah ah, ah, they were close allies until recently, saudi arabia and the u. e. are now in the world in a bitter is if you from oil to politics, the food, both nations are on conflicting. what's behind the breakdown and what impact wallet hub on the reason this is inside story. ah, ah hello and welcome to the program. i'm jody navigate the saudi arabia and the united arab emirates have been working side by side for many years. they've been close allies on everything from military to economic matters. but a recent dispute at an opec plus meeting has illust

they are keen to win business for airbus and press easing china restrictions.rs behind the latest ransomware attack exploded a vulnerability in software. it has hit at least 20 icy service providers -- i.t. service providers. they have been accused of launching the attack, although president biden says he is awaiting further information. the same group was accused of being behind the jbs hack. japan's ruling party gained seats in tokyo's assembly elections, the prime minister's party failed to secure a majority. the vote is being closely watched ahead of a possible general election at some point after the olympic games. the support crumbled after he took office in september and face randall's -- scandals. at the nine philippines soldiers survived a crash. the plane was carrying 96 people when it crashed and exploded on sunday. at these 42 army soldiers on board and three civilians on the ground were killed. the lockheed hercules was one of two x u.s. aircraft handed over to the philippines. global news 24 hours a day, on air and on bloomberg quicktake, powered

quantum's manufacturers in the uk — that's airbus and surrey satellite technology ltd — will incorporatetus in what has become a highly competitive field. jonathan amos, bbc news. more than a hundred motorists have had to be rescued from a mountain canyon in colorado after a landslide swept across an interstate highway. around 75 people had to spend the night in their vehicles as emergency crews cut a path through the mud and debris to reach them. remarkably, there were no injuries. officials say heavy rain sent a torrent of mud and rocks cascading down slopes stripped bare by a wildfire last year. to the olympics now, where day eight has wrapped up. among the highlights was the women's100 metres final. elaine thompson—herah of team jamaica won in an olympic record of 10.61 seconds, just the second fastest time ever run by a woman. and a big win for switzerland, as belinda bencic became the first swiss woman to win 0lympic tennis gold. sunday will be day nine of the olympics. here's our sports reporter, chetan pathak, on what we can expect. 0n on sunday, attention returning to the men's1

quantum's manufacturers in the uk, that is airbus and surrey satellite technology ltd, will incorporateeld. jonathan amos, bbc news. more than 60 million americans across the pacific north—west and the us south—east are facing another record heatwave with forecasters predicting temperatures could climb to a0 degrees celsius in washington. records were shattered across the regions last month when a days—long heatwave killed hundreds of people. a study published earlier this month found that the devastating heatwave would have been "virtually impossible" without the impact of climate change. now it's time for a look at the weather with louise lear. good afternoon. it is sunny spells and scattered showers for many of us for the remainder of the afternoon. let's take a look at what has been happening. quite a lot of cloud, generally, across the country. showers have been sitting through eastern scotland and north—east england and more widespread showers through central and southern wales down into central and southern england as well. here, the odd rumble of thunder but with some sunshine w

we've got airbus, nokia and ab inbev for you.little bit high year in their four-year adjusted ebit. the pandemic not quite behind us. the environment is improving. nokia is in focus. we can show you the share price movement at nokia, as that particular company is soaring after raising guidance more than anticipated. the stock is up by 7%, telecoms equipment company obviously not. let's get to the last one on the list, ab inbev, budweiser maker, of course. the profit increase missing estimates. higher cost is one of the factors that is so often blamed and being blamed at ab inbev. ab inbev down by 4.7%. we spoke to the management at credit suisse, thomas gottstein, he promised there would be no more archegos scandals. they are addressing some of the risk management issues. we wait for a strategy update later this year. he did express his commitment to investment banking so that is something we will watch with interest. the share price for credit suisse down by 4.2%, perhaps more reflective of the underlying business and difficulti

quantum's manufacturers in the uk, that is airbus and surrey satellite technology ltd, will incorporateive field. let's get more on the olympics from tokyo. you have had a busy morning, mike. yes, an excellent morning 1a gp. it has been a golden saturday at the tokyo olympics. teamwork has been key in the new olympic events, and triathlon and into the pool. the triathlon will be golden for great britain. it's the mixed medley relay, great britain win the gold by miles. for all the individual brilliance, in the tokyo today it was teamwork that triumphed. super saturday had barely begun, but team gb was already looking at four new olympic champions in this, the inaugural triathlon really. triathlon relay. jessica learmonth led the way for britain. then the turn ofjonny brownlee. individual bronze in london, silver in rio, this his final olympic race, a last chance to complete the set. georgia taylor—brown had given britain a 21 seconds advantage and, although alex yee was dramatically caught for a moment, when he came to the finish, he and gb were in a class of their own. he will win the

it's like an airbus. the days of pan am are over. if i am waiting. seriously. i get in first.ave this schoolmarm flight attendant. i fell asleep and i think my mask had slid down i was woken up on the peaceful slumber to put my mascot. i was not murderous in iraq. i felt like i could literally strangle. that's what it is. flying is awful. >> greg: they should have left you alone. >> kennedy: get on a flight a few weeks ago because a woman would not wear a mask and kept fighting with the flight attendants. the flight attendant was like fine, we land and six l.a.p.d. officers get on the plane. i'm nosy and i kind of muscle up next to them as they are fighting. she said "i am wearing a mask now." >> greg: a little late for that. >> rob: giving everybody the delta variant. >> greg: delta air lines should capitalize. >> brian: like corona. really relished that nickname. >> greg: up next >> greg: disney made millions streaming, now they are being sued by an angry black widow. scarlett johansson, that's her real name, suing disney alleging her contract was breached when the company p

airbus taking off, sorry for the pun. we think they are too high and deliveries will fall short.xample, boston beer, a favorite of mine, sam adams. they also have a thing called truly hard seltzer. it is a favorite at home stay at home drink. as people go back out to restaurants and bars, we think they will go back to good old-fashioned spirits. same thing is true with doordash , another u.s. company that does a food delivery that we think will falter from the standpoint of current high expectations. dani: i have seen those hard seltzer's only where -- everywhere, and it was only a matter of time before they got a feature in bloomberg intelligence. [laughter] thank you, tim. coming up, we will discuss china and more signs of the economy topping out there. we will bring you the details, next. this is bloomberg. ♪ ♪ dani: welcome back to "bloomberg daybreak: europe." turning to china, more signs of the economy topping out. we are joined by juliette saly in singapore, digging through the data. what is it telling you? juliette: yeah, certainly the gauge for services showing a deeper

we are going to get the reaction from the chief technology officer's of airbus, boeing, rolls-royce, think these targets are achievable? inflation in the u.k. on excitedly surging to the highest level in three years. used car sales, we can't blame alix for this one. apparently this is the word we are using now, transitive. and food and energy shortages ip

we could see china, if we could see the 737s roll back they are losing some of that share to airbus rightoverall positive commercial aero, we think the precash flow will generate free cash flow in the time frame. the stockstill has up side they have a lot of near term turbulence when you think about the max inventory run throughs, the 787 we're pro jeking they deliver at four a month and the production rates are lower on those. >> sheila, we know boeing gets a lot of attention because of the commercial aircraft side of things because it is such a high profile part of things in the business it's one of the biggest contractors out there. when you look at the balance of business in the next year or so, how much more of an emphasis is boeing going to have to place on the aerospace side of things, defense contracting side of things to counter what we're seeing on the commercial aircraft side? >> about 40% of the business is defense. we expect their defense business to be flattish when we think of the other expense sides. the defense business is under performing given that they've won several b

talks with airbus and boeing for 150 new single aisle planes. looking to expand its supply of jets. disney's "black widow" scored the highest grossing debut for a film since the onset of the pandemic. the newest marvel picture took in $80 million in the u.s. and canadian business ticket sales. disney says it also generated $60 million paying $30 to watch it at home. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> the united states, like other major economies, had made significant progress rolling out covid vaccines. but we know that the pandemic is far from under control in many parts of the world, especially in many lower income nations. as long as the virus continues to spread, we are all still left risk. jonathan: janet yellen, the u.s. treasury secretary. alongside tom keene and lisa abramowicz, i'm jonathan ferro. monday morning, here is the price action. down six on the s&p to 4354. outside of that, settin

formernasa and chairman for airbus professor at syracuse.that introduction, sean, we have no time left for the interview. i'll be the jerk on monday morning. i apologize. you heard the edge of space. the karmain line there is dithering in the scientific community jeff bezos is thinking this. did sir richard branson really go quote to space? >> absolutely. there's no question about it this is the historic first here. the first time a privately financed, not government sp sponsored mission was flown to space right at the edge of space ex exactly as morgan described it the u.s. definition of the edge of space itself. this is a remarkable achievement. you know, remarkable spacecraft he designed that is a direct evolutionary differivative fligt that was done 17 years ago it is a remarkable evolution that he's pulled together here and now making this available for commercial asset for anybody to pay the freight to get the flight. >> not just 17 years when i see these video images of the plane and launching the rocket, i think back to 1948 the xi a

and the stock of airbus with a 30% rise in demand the largest plane maker updated guidance and expectedend of the year. >>> astrazeneca updated guidance and the covid vaccine sales tripled, but impacted sales slightly dom, back to you >>> to a developing story from washington, d.c. the senate voting to advance the bipartisan infrastructure bill tracie potts joins us with the latest there good morning, tracie >> reporter: good morning, dom things are moving forward after weeks of negotiations after the roads and bridges bill the extratraditional infrastruce bill to improve transit and fix roads and bridges and provide high-speed internet. democrats and republicans have been negotiating the $500 trillion bill trying to figure out thohow to get this moving forward. now they will open debate to move forward on this 17 republicans joining democrats to open debate on spending money on roads, bridges and broadband and electrical grid. lawmakers will work into the weekend to get this passed senate majority leader chuck schumer says they have come together in a bipartisan way to get this done. t

the interesting stories about the jet order we are suggesting could be a competition between airbus andir france down 2.75%. easyjet as well down 3.36%. showing you what is happening with some of those travel and leisure stocks. the delta variant continues to be a cause for concern. the numbers climb in europe. the summer is looking more and more difficult. alix: we have some breaking news in the u.s.. broadcom is reportedly in talks to buy software from sas according to dow jones. initially broadcom fell 5% but then recouped some of their losses. value sas was privately held in a 15 to $20 billion range. it is an i.t. management company , it is analytics and services. this would be a double down for the software firm, for broadcom. we will keep an eye on any headlines as they cross. let's pick off where guy left off on the delta variant. drew armstrong, bloomberg health care editor, joins us now. where are we in terms of the delta variant and how countries can manage it? drew: this is becoming the dominant variant of the virus. it appears to be more transmissible. unclear if it is more

this would be the next step for airbus and boeing as they try to meet the demand for an industry thatannot quickly sustainably change themselves. dani: i'm so ready for flying taxis. i am over being on the ground. get me in one of them. i'm all for it. but it also comes at a time when boeing and others are looking at space travel, which is not great for the environment. that certainly uses up a lot of fuel. alix: yes, i want that to be my second installment of the space race that will be airing on bloomberg. coming up, we will take a look at what that means. chinese versus the u.s.. this is bloomberg. ♪ laura: it's time for the bloomberg business flash, a look at some of the biggest business stories in the news right now. i'm laura wright. the swiss automation company avb has agreed to sell its transmission division for $2.9 billion in cash. dodge had roughly $600 million in revenue for the fiscal year that ended in june. the sale indicates the abb ceo is making progress on reforming the company. -- wants to decrease workloads for students. education companies will be banned from maki

it's like an airbus. the days of pan am are over. if i am waiting. seriously. i get in first.. of the angry. then you have this schoolmarm flight attendant. i fell asleep and i think my mask had slid down i was woken up on the peaceful slumber to put my mascot. i was not murderous in iraq. i felt like i could literally strangle. that's what it is. flying is awful. >> greg: they should have left you alone. >> kennedy: get on a flight a few weeks ago because a woman would not wear a mask and kept fighting with the flight attendants. the flight attendant was like fine, we land and six l.a.p.d. officers get on the plane. i'm nosy and i kind of muscle up next to them as they are fighting. she said "i am wearing a mask now." >> greg: a little late for that. >> rob: giving everybody the delta variant. >> greg: delta air lines should capitalize. >> brian: like corona. really relished that nickname. >> greg: up next, a lawyer says pay her better. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instant

it would be hard for us to imagine airbus flying across the atlantic ocean. affordable, more seats becoming available, it becomes more accessible to a larger group of people. that's an exciting prospect. >> good point. good historical comparison there. over what time period does that happen, though? does that happen over a few years or over decades? >> reporter: it's interesting. i did the math yesterday. 17 years after lindbergh flew, it was 1944. we had the b-29. we were on the cusp of flying supersonically. 17 years since the x prize, which ushered in the era of civilian space and this technology that branson is using, we're just getting to this. so, it's taken much, much longer. space is not the same as aviation in the sense that there was a built-in reason for aviation for commerce and for people to just get together. we have to sort of build a destination out there, too, right? there's no hotels to stay at. there's no infrastructure. so it's taking longer than we had hoped. sir richard, way back in 2004, when he announced all this, said we would be flyi

the united states says goodbye to afghanistan's bagram airbus.rricane is set to make landfall. tonight in sarasota, america's and i democratic former president is set to deliver remarks at a rally, a summer tour lined up. you can imagine the hate-filled greatest hits he will be playing. also a new grievance tonight that his company and long-time cfo is charged in a slough of tax related crimes including grand larceny and criminal tax fraud. the trump organization and cfo have pleaded ng to the charges which prosecutors allege were part of a scheme to compensate executives off the books beginning in 2005, continuing into this year. weisselberg's former daughter in law jennifer weisselberg said this week she turned over documents and named witnesses for prosecutors. initially saying she believed the cfo would flip on trump to save himself and family. now she says allen weisselberg isn't cooperating because trump has quote leverage on him. jennifer weisselberg will be my guest tomorrow morning at 8:00 a.m. eastern. clearly a lot to talk about. donal

quantum's manufacturers in the uk, that is airbus and surrey satellite technology ltd, will incorporateive field. israel has accused iran of being behind an attack on an oil tanker in which two crew members were killed, including a british national. the mv mercer street, was off the coast of oman in the arabian sea when the incident occurred on thursday. israeli sources say the tanker was attacked by a drone. the briton, and a romanian national who was also killed, have not yet been named. residents in the chinese city of nanjing are being asked not to leave the area, in an attempt to contain the latest more than 200 people have been infected since the virus was first detected at the city's busy airport onjuly the 20th. cases have now spread to several other provinces and to the capital beijing. all flights from nanjing airport have been suspended for the next two weeks. you are watching bbc news. let's get more olympics action — mike bushell has a full round—up. good afternoon....she was one of team gb's great medal hopes, but dina asher smith's bid for a medal in the women's 100 metre

that would have happened other than the miracle on the hudson incident piloted by sully, that was an airbusle bit different here. the u.s. coast guard are telling us that two people on board were rescued. one taken to the hospital and the other transported by helicopter and their condition is unknown. but a cargo flight leaving hanno lulu had to return to the airport after reporting a serious engine problem and the plane ended up in the water off the southern coast of hawaii. we're still getting more information, jim. >> and it sounds like emerging details of a remarkable rescue here after a landing on the water? >> reporter: it sounds like one of the people on board this airplane was plucked from the water by a helicopter. and radar tracked information publicly available on sites like flight aware shows that a honolulu fire helicopter orbited the scene for several minutes when this happened. the word that we're getting is that the plane was scheduled to depart at about 1:33 hawaii time this morning. it is a six hour difference from the east coast. so 7:30 here. so this would have happened

only two companies in the world make them, china can't buy them all from airbus. boeing feels reel good to me i know the delta variant can slow the economy it's a given that it will all put pressure on salesforce we have too many people who refuse to get vaccinated more on that later although maybe they'll get religion on it since texas, 10,000, not since february we've seen that and obvious the chinese government wants to be a communist regime in name only i often wonder if the biden administration understands an unrepentant belligerent china relies on the rest of the world for its funding. their economy is fueled by countries like ours buying their exports. we are addicted to their cheap stuff and know it. you can't even get big container sharps out of the harbor too shallow. apple and starbucks had exceptional sales. pl plane orders would be helpful if they want to extend an olive branch and sell hundreds of billions of merchandise to the united states of america if not for the delta variant i think we've heard a tougher line from the fed today after starting t

when the wright brothers did it or 1927 when lindbergh flew the atlantic that would lead us to the airbusis is one of those steps. i think a lot of people -- you know, there's kind of a sense of these rich guys being tone deaf. but i say it's an important milestone. >> listen, i wasn't here for the '03, but the '27 one, i was. >> i was there. i reported on that one. >> bezos' launch tomorrow, fully autonomous. they had 15 test flights but none had humans onboard until now. this is pretty risky, miles. >> you know, i'll be honest with you. i think as a pilot with several thousand hours flying airplanes, humans are usually the riskiest part of the operation, right? when you look at crashes, it almost always is the pilot that is somehow in the loop. you know, there was a time, don, when you and i would have been reluctant to get an an elevator in manhattan if there wasn't a guy with a white glove operating the elevator. so this idea that the human has to be there onboard to make it safer, you know, yeah, you got to wrap your head around it. but the truth is statistically, it is really safer