let's bring in helane becker, senior research analyst at td cowen, to talk about this. e, we always appreciate your insight. we have been thrown kind of a question mark. it looks like everything was not just good, but great, until we got american out. how do you view the airline industry into the fall and the winter? helane: thanks for the question, matt. so, the way we are thinking about it is american had different issues than the peer group. we've had three companies report , the three big international airlines, and you can see the differences in their relative -- in their reports and where the relative strengths are. the mystic for american -- domestic for american is the biggest operation followed by latin and pacific, versus united and delta, where they are much bigger internationally than american is. delta is strong on the north atlantic, as is united. and united and delta are strong in the pacific. and so that is one issue for the summer months. but we are going have a great third quarter. it may not be quite what people thought it was going to be for american.

coming up, helane becker joins bloomberg at 1:45 to talk airlines. this is bloomberg. street beat, where we look at what is buzzing on wall street and the world of banking and financing. investment is a business of managing risk for the long-term so we ask a series of big investors what they think is the next risk for markets. >> the next time there is a serious selloff -- will not be able to come to the rescue of a market in the same way. >> the ongoing geopolitical concerns investors have around the world is still on everyone's mind what will happen with u.s.-china. that is the biggest question mark as we continue to see a lot of the bifurcation and relationships continuing between u.s. and china, particularly around taiwan. what will happen with taiwan? will there be a potential war between china and the u.s. with regards to taiwan? that is a complex and complicated question that is on people's minds and could be a black swan event. >> the biggest concern is a clash between the haves and the have-nots. in the western world the clash will be between the older people

here's where we wait the reason we have helane becker on she can get me tickets to paris, nobody else tragedy which is domestic air travel. what i learned over the weekend to instances, one with jon ferro who got on it airplane and not home international travel is pretty good and domestic travel is an absolute train wreck. you drive out of denver and you and i remember the terrific airport with the wind going sideways and you were lucky you could land. this is history and you're going across the fields of denver east and there are the teepees in the distance which was the huge success of denver den built a stunning 27 years ago. why can't we build new airports in america? >> that's a great question, tom. the number one issue is space. we don't have enough space. if you think about newark airport you have one highway and to the left you have the new jersey turnpike. there is no place to put a third parallel runway that would alleviate some of the problem. people don't want big airports in their backyard. the recent denver was able to build this is because they bought so much of the lan