you were talking about airbus. screen, foricular some reason, it is airbus. it is down. you are seeing it on the board. why? $21 billion is why. that is the size. they have canceled the order and each is worth $295 million. you have 20 airbus airplanes being canceled. the has no effect on the engine maker, rolls-royce, as well. -- that has an effect on the engine maker, rolls-royce, as well. oil demand. they are running down inventories by resilient and the petrol company over there. they could slump. keep an eye on that. profit is down seven percent. a surprising drop in profits. it has been anticipated and there have been worries by the analysts in the emerging-market currency. there is week this that we are seeing. >> thank you very much. hyde with theine markets. we are joined now stop good morning. let's talk about government bonds. in europe has tightened up significantly. >> yes. >> we are talking about that and emergedk and friday, it and yesterday, spain. lower than the u.s. government bond. we're talking about an incredibly low yield all stop >> they still have

airbus wants to make a success of the a 380. we see a lot of them flying into london but they are not that thick on the ground elsewhere. it needs to prolong the life of that project. if tim clark says he wants a new engine, he is probably going to get a new engine. he has shown today what happens if he doesn't quite get what he wants. >> 330? >> there seems to be a clear market for the 330. obviously it is a much older plane. you can trace its origins way back. the market we are looking at is rather fragmented. possibly some carriers in the u.s. are looking at low-cost long-haul. it is not at the cutting edge of what airbus might want to do in terms of technology. i would be surprised if they don't go ahead. >> that is the rumor. they had huge success with the 320 neo. we will talk about left on the later. thank you very much indeed. take a break. we are back in a couple of minutes. ♪ >> welcome back. you are watching "the pulse." uber faces its biggest protest yet here in europe. more than 30,000 drivers from london to milan t

france or spain because those are home market companies where airbus -- interesting question when airbus starts making them in alabama. >> fair knew enough. i yield back. >> gentleman yields back. gentleman from louisiana. >> thank you, gentlemen, for being here today. i've enjoyed your testimony and comments so far. obviously this is something that's a big concern to a lot of us and especially those of us who want to see private sector handled as much as possible especially when you're hearing discussion about banks with planned capital, people looking to help. one of the folks that i spoke with in indiana used to be a customer of xm bank. because of the volatility around it, will his particular interest in finding another solution, he was able to. my first question directed to you, mr. wilburn. i'm a small business owner as well. i understand the difficulties, pressures that are on small businesses trying to make things work and trying to find new markets. can you tell us a little bit what else did you look at to see if there was a replacement besides xm, whether it was financing throu

this was one of the largest orders for airbus.nouncement but we have yet to hear from emirates on the matter. airbus said this was due to the , and we are yet to hear from emirates on the matter. this we have any idea why is being canceled? we haven't heard the emirates side of things. do you have any details? yes, their president has always been critical. didn't fit with the requirements and specifications. said more than that regarding this matter. this will certainly be a blow. this comes around six months before this goes into operation. to hurt airbus. on the one hand the company is saying they have around 740 planes. this plane will definitely go into operation with qatar airways. >> that is said to be one of the customers. thank you for joining us. rolls-royce cut at trade. >> price-cutting by competitors is hurting. since very reporting a second straight drop in same-store years ofer nine unbroken growth. here is charles allen. nine years of good times. now negative same-store sales. what is going on? >> inflation is down.

france or spain because those are home market companies where airbus -- interesting question when airbus starts making them in alabama. >> fair knew enough. i yield back. >> gentleman yields back. gentleman from louisiana. >> thank you, gentlemen, for being here today. i've enjoyed your testimony and comments so far. obviously this is something that's a big concern to a lot of us and especially those of us who want to see private sector handled as much as possible especially when you're hearing discussion about banks with planned capital, people looking to help. one of the folks that i spoke with in indiana used to be a customer of xm bank. because of the volatility around it, will his particular interest in finding another solution, he was able to. my first question directed to you, mr. wilburn. i'm a small business owner as well. i understand the difficulties, pressures that are on small businesses trying to make things work and trying to find new markets. can you tell us a little bit what else did you look at to see if there was a replacement besides xm, whether it was financing throu

emirates has canceled an order for 70 airbus aircraft. this type is seen as the best shot to break boeing dominance. to be delivered to the first customer later this year. airbus plays down the financial impact of the cancellation, inc. there are still orders for 742. stocks took ane blow following a profit warning from lufthansa. the german carrier lowered its forecast. that's down from a previous projection of earnings between 1.3 and 1.5 billion euros in 2014. they blame weaker passenger and freight demand as well as strikes earlier this year. those airline shares have an effect on wider markets as well. we saw airline shares dragging wider market down. we also saw a flatline on the back of a report from the world they. -- world day. the world bank has that it will growth forecast this year. -- cut its global growth forecast this year. paris was down 9/10 of a percent. we are seeing a similar picture in the united states with about 40 minutes to go of trading. the dow jones industrial average is down by about two thirds of the present.

i've heard it from boeing and heard it from airbus. if the other side stops using xm bank financing we'll stop using that and i have that from the cheer commercial airbus of from boeing. >> i hope that's right. i'll tell you i believe that -- and i'm sending a letter to the u.s. trade representative trying to get my colleagues to support it to ask that we immediately enter into negotiations with the oedc and all the countries around the world, the 41 countries that have export finance agencies to end them simultaneously but if we end ours with the hope of good will they might do the same thing? that might be a little short-sighted. i'm sure the ones in the academic world thinks it's a great idea but i'm not sure it works in the real world. >> one point of clarification. >> thank you. >> this unilateral disarmament talking point that people use all the time, that i hear, the buzz word, the reality is, this government policy here, we're arming our competitors. >> i recognize that the need for reform. >> -- i recognize the need for reform

and european aircraft manufacturer airbus has had us -- a huge setback. dubai's emirates airlines has canceled an order for 350. >> emirates had ordered 70 new airliners back in 2007. the first planes were to be delivered in 2019. airbus would have made about 12 billion euros from the deal. >> and there is more bad aviation news today. here is more from the frankfurt stock exchange. >> in a minute, airbus lost 1/10 of all its orders. this, of course, weighed heavily on its shares, because investors also think that the situation may even worsen because lufthansa canceled its goals for the year. the company will earn much less than people expected before. this may also lead to the fact that lufthansa may start cutting programs. lufthansa shares went down 14% in a market where investors are profit-taking. >> before we go, germany's top diplomat has indulged in a bit of a sweet side in the name of soccer diplomacy. >> he handed out chocolate soccer ball to the ambassadors of countries competing in the world cup. the treat come courtesy of the chocolatier in c

airbus suffered a loss this week when emirates scrapped a $16 billion deal.ls is coming up in the top of the next hour. olivia joins us from the newsroom with a look at what is next. good morning. >> good morning. mark carney says he may raise interest rates before investors expect. we are speaking to paul donovan about what all this could actually mean for the markets and whether or not they think the bank of england's new macro prudential tools can cool the ui housing market. we have the brazilian ambassador to the u.k. on the show. we are talking about the economic impact of the world cup. obviously got off to a shaky start yesterday but they did win the day in the end. finally i will be bringing you excerpts from my conversation with samuel jackson. according to the guinness book of world records, he is the highest grossing film actor of all time. he explained the back story behind that purple light saber in star wars. plus, how he manages to get golf time written into every one of his movie contract. >> thanks. old last film i watched was " boy," a remak

do you see the value in airbus doing that? >> he wants a more range.nts to be able to fly with two engines. it makes us from that perspective. [indiscernible] it to scale and will be lighter and allow people to fly longer. it will help industry at large and players -- >> it would not make any sense for your? -- for europe? >> i do not think it would make sense for europe. >> alex cruz, ceo of vueling, stay with us. >> the pules number -- this how many number facebook can't reach. -- can reach. they are sure to visit the upper hand taking on twitter which has been dominant and in the already know. facebook cause it stadium on art. >> stay tuned to "the pulse," and we will stay on the world talks. is a brazil ready? why it is not up to speed? that is later on. ♪ >> welcome back to "the pulse." now for some company news. hasest corporate partner concerns about more allegations of corruption a connection with the world cup. issuedd adidas statements. the company is taking on facebook. sony is developing its own headset and a hopes for the playstation 4. th

there's only one catch, they'd have to buy an airbus. so the question here is not whether the buyer could make the purchase. the question here is whether the buyer will purchase the u.s.-made product. and we're told that only 2% of american exports are at stake here. america is running the largest trade deficit in the history of the world. we can't afford to give up 2% of our exports. we can't afford to give up half a percent of our exports. we're told there's a scandal involving some officers of ex-im bank. there's also been a scandal involving officers of the united states navy, dealing with the repair of ships in the pacific. yet, no one is proposing that we de-authorize the united states navy. i look forward to working with the chairman, perhaps the gentleman from california, to improve ex-im because i don't think that everything is perfect and none of these criticisms deserve any attention. one of those reforms would be to have language and even more clear language, to say that they can't make a loan or guarantee a loan without look

airbus. in the market for mature claims. that is the dreamliner. airbus on the opportunity to renegotiate in terms of airplanes. paribas up by 0.5%. they might have to sell debt assets to meet the potential liability that will come from any fine levied by the justice department in the united states of america. a look at the exchange markets. we wait for the data. the fx screen. 136. those are your ranges. from the central bank as a wall. the water currency that is a moving and has some momentum -- from the central brand as a wall. -- 1 -- from the central-bank as well. isthe one currency that moving and has some momentum -- back to you. chris the start of equity trading. let's put up on the top things. david, a global strategist at j.p. morgan. $1.6lped oversee roughly trillion of assets. a little bit about m&a. good morning. good to see you. syrgenta trading all. a long line of companies being talked about as possibly the such as of you as coming to europe. -- of u.s. comic to europe. what you make of this trend? actively you are investing? >> fir

. >> a massive airfrance airbus a380, taxing the runway, crashes into it, turning it about 45 degreesf the accident, they immediately dispatch emergency personnel. after moving both planes away from the crash site, crews work to cleanup any debris on the runway. the cause is still being investigated. but the ntsb's preliminary report indicates the regional jet had to wait for another plane to depart before being able to taxi to its gate. while waiting, the jet's tail was hanging over the taxiway. additionally, the air france airbus a380 is one of the largest commercial airliners in service today, with a total wingspan of 261 feet. while passengers on the 300-ton airbus report feeling only a slight rumble. >> airfrance thinks he may have hit somebody. >> the 56 people on the smaller comair bombardier feel a violent jolt. luckily, no one is injured. i think the takeaway from this show is, keep your seat belt on. i'm contessa brewer. that's all for this edition of "caught on camera." >>> sometimes the best laid plans can go awry, leading to the worst kind of day possible. it's a picture-

aaron meritslure away from airbus. about buying the -- lureemirates emirates away from airbus. it is talking about buying the 787. a deal between etihad and eight tell you is close but not yet sealed. italial enter -- and a tile is close but not yet sealed. it will enter into final discussions only under certain conditions. has displayed perhaps the ultimate in fine for those of us who do not have a jet. it is an airborne apartment with a bed, a bath, and the services of a personal butler. etihad is not the only one making high-class travel a little more classy. here are some of the more look sure he is options -- more luxurious options. is$21,000 new york to london still a lot of money if you ask me. coming up next, we will check on how the aussie dollar is performing ahead of tomorrow's rba rate decision. >> economists thought there would be a gain. this get some insights on did drop in south korean exports. guest. the we will eat up with korea. we have this report on exports. we have inflation expectations moving. w

the airbus countries, anyone in europe is involved with -- there's three countries involved with thehuge -- >> they have an entity that's the same as this and gives huge subsidies to sell the airbus planes. how do you compete with that? >> the only boeing competitor is really airbus and they're subsidized in every one of their offerings. so what the bank has done is allow boeing to compete in those situations. boeing is a big employer in this country. we have enough trouble with corporate america with the tax rate that we have. why put another nail in the coffin and eliminate ex-m bank. ge has used it well. boeing and others. it's a competitive equalizer. >> honeywell ever did? >> no. we're not in the kind of business -- but okay -- >> the hard core libertarian or tea party and you don't even have to be, kevin mccarthy, he's a moderate. >> but there's no business in california so why would he care? >> there's no manufacturing. >> right. i mean they drove them out of there a long time ago. >> but he's now he's representing more than just -- >> he is -- >> there's other people who thin

how airbus makes plans to make skies way more fun. plus why that filthy house of yours could be doing wonders for your health. even when they say it's not it is always about money. melissa: crisis mode not taking a summer vacation at gm. ceo mary barra facing questions about the company's financial future today. her response, likely left shareholders feeling little car sick. >> the work that we're doing to make sure we're going to being exhaustive will be largely or substantial list complete by end of second quarter. i can't predict what will if there will be a charge until we go through -- melissa: oy. here are very own charlie gasparino. we have "wall street journal's" james freeman and "barron's" senior editor jack haugh. opportunity to make this right. >> i think first half of gm will be best sales opportunity. pickup trucks are everything for these companies in terms of profit. ford has a new pickup truck later in the year i think is the most radical overhaul of a pickup in decade. melissa: f-150. >> f-150. i would not want to be

two heavyweights are not safe from a further dogfight with the third rival, the defense branch of airbus partnering with an american developer. they say their version is lighter and cheaper than its adversaries. in the crosshairs of all three, contract of 14 military drones worth 300 million euros. >> looking at the stock market in the united states, seeing a selloff with about 14 minutes or so to go off trading this thursday. gains on wednesday after the federal reserve hinted it would keep interest rates lower for longer. disease --ain and indices in europe aren't slightly out-of-date territory. a different picture in europe compared to the united states at this hour. oil prices are heading higher on concerns over iraqi oil supplies. u.s. president obama says he , and take action in iraq highlighting concerns that the situation is worsening. that has helped to push the barrel of brent crude further above $115. soaringf blackberry are after the smartphone maker posted better-than-expected results for the three months ending in may. million ist of $23 sparking hope that blackberry's ceo

it powers every single boeing 737 and more than half of the global fleet of airbus 370. it is a joint venture between general electric and these france subsidiaries. >> ge produces the hot section of the engine, the central section. and we produce the other, the cold section. we have a balance both on the development side and production. cfm androduction of the has created jobs and france over the last three years but while the alliance has had a smooth journey, the marriage between french alcatel turmoil.t has a hit they turned to each other in 2006 when both were facing challenges. overlapping jobs on the french and american sides and infighting between executives undermine their business. eight years and six redundancy plans later, alcatel lucent is slowly turning itself around. he believes the most recent restructuring was the last one hoping that the merger well is our history. >> -- woes are history. minutes orabout 40 so left of this week's trading in the u.s. we are seeing a mixed picture with the dow jones industrial average down about zero point 25% and the nas

with the airbus. big oil, steel pipe supplier for the oil and gas industry warned today and a lot of the banks are down, led by a huge rights issue, 5 billion rights issue to try and stay out of government control. the problem is, not much market cut left here. it's basically twice its market cap, and at the same time, at 35%. theoretical discounts to the shires where trading, down 20% trying to raise capital staying away from naturalization. just tuning in on the west coast, there have been today protests across europe, in paris, in milan and london from taxi drivers angered by uber's presence trying to bring precisions to rein back the power uber would have in the future, despite this, black cabs say all 12,000 licensed taxi drivers threatened by e-mail by the metropolitan police not to take part in the that protest. in defense of the london cabbies, in a slightly different situation. you know this. they spend three or four years learning what they call the knowledge. knowing the streets of london.

reporter: the final aassembly line, the world's biggest passenger aircraft and the flagship of the airbuset. now, so far 132 of these planes have been delivered to customers around the world. now, you'd have thought that once production starts, innovation stops. far from it. this is about constant redevelopment, making production smoother and improving performance. >> today we have flying parts, today, built on 3d printing materials. an organic bionic shape we couldn't do with traditional manufacturing. cost effectively. this is the big evolutierybo ev. passengers won't see it. >> reporter: while the sun may have set on supersonic passenger flights, the speed of the manufacturing revolution is gathering pace. bringing with it the prospect of a greener, smarter and more sustainable future for flight. >>> wow. all right. thanks for being a part of the new cnn "money" each saturday 2:00 p.m. eastern, the money news that matters most. so set your dvrs and check out the revamped cnn money site and upgraded mobile app. find everything from jobs to are kas, inequality debate and how the rich spe

airbus, off by 3.5% as investors react negatively by dubai airlines to cancel an order for some jets. it's not a financial bad news story either. speaking first to cnbc earlier, jeff asked the ceo about the cancellation. >> this is something we've very cognizant of, the need for capital deployment discipline. i've been in the airline industry for a long time. in essence, the one thing i've learn, the way to make money in the industry is to be very disciplined, particularly in terms of incremental capacity. i suspect other airlines are coming to a similar view, not to get carried away in terms of the global recovery. and to stay level headed. >> now, better news for the spanish retailer inditex. investors are welcoming a better than anticipated set of first quarter numbers despite posting a drop in net profit. the retailer says it expects negative currency effects to lessen considerably by the end of the year. >>> switching gears from equities over to the fixed income markets, again, we've been looking at the yields following closely. today we're seeing a little bit of selling and the

delta ordered 15 aircraft from airbus for delivery in 2018. the airline didn't say how much it paid, but the list price of the order is more than $1.5 billion. the new planes will replace similar ones the company just retired from its fleet. shares of delta were up 2% to $40.77. the do nut maker krispy kreme reported disappointing news, sales came in light. also the company lowered its 2015 earnings outlook. shares took a dive after the report, during the regular trading day the stock was on a little sugar high finishing up slightly at $19 even. >>> coming up on the program, why amazon's battle with a book pub learner is making it tough for readers to buy some best sellers. >>> >>> there's a major report due out this week on the missteps at general motors, in connection with a faultyic in addition switch linked to 13 fatalitys and the company's alleged efforts to contain the problem. this week, former u.s. attorney now chairman of the chicago law firm will releast his report on responsibility for the defect and why it wasn't corrected years ag

however, air new zealand has agreed to buy more planes from airbus, worth billions.t will replace planes flying domestic routes, and a dream with the italian company is not yet sealed. it involves certain conditions. however, no deals have been given. they are looking to widen their reach in europe, and those are the top headlines. i am roselyn chan. >> flying around the world on holiday or on business, perhaps the last thing to come to mind is the seat. so expensive when purchased, but thousands of hours and thousands into makingave gone it as comfortable and safe as possible. a london design studio, where the seats are shredded in secrecy. overteam of designers go 3-d models and intricate plans. they are working on the next generation of airline seating and top secretly. >> i cannot show you that. i am sorry, i cannot be more specific. >> he set it up years ago when we were all flying in the equivalent of dentists chairs, works on it, making us feel at home. >> the challenge is to make something aesthetically pleasing and that is functional and that satisfies all o

>> my concern would be, unless it's multilateral, or done with the airbus countries as well. we would be unilaterally disarming and putting the sal of boeing aircraft and the thousands upon thousands of jobs that are generated from that manufacturer, at risk. it's as though the honda dealer offers full financing and the toyota dealer says, cash only. there will be a tilt towards that vendor that provides financing. if congress were to prohibit wide-body financing it would open up the market to airbus and the competition could still exist for u.s. carriers because the only difference would be foreign carriers would fly more airbus planes veries a mixed fleet. >> and the last two minutes that i have with a, i'll ask you to stop, breathe, and then paint a picture. there have been lots of kind of surface projections made about what happens if we wake up in october 1st and your doors are shuttered. i would like you, as a long-time former business person. the former acting administration manufacture and the president of import bank, look forward, not just october 1nd and 2nd, what'

emirates airlines cancels in order for airbus planes. increasing his bed on u.s. treasury.overnment-related death makes up half of his -- debt makes up half of his total return fund, the world's largest bond fund, which has trailed 62% of its peers in the last year. it has been a tough year or years for bill gross. turning to the world cup -- if you are cristiano ronaldo or deckedmessi, you will be out in a colorful shoes. nike and adidas -- and a colorful new pair of shoes. nike and adidas spent millions. >> that is cristiano ronaldo, the best soccer player in the world. i am in madrid because nike wants me to see his new shoes. >> this is not just a step forward in good design. it is a giant leap. >>, carney is the ceo of footwear. a silo is an industry term. it is a line of shoes. >> i'm curious about what nike calls the silo approach. >> it is a specific cleat for one type of player. think of a player like cristiano ronaldo. his game is about explosive speed, so we created a product for players that have that style. >> cristiano macarthur -- cristiano ronaldo will be we

airbus, the plane of the future. a concept plane.ore fuel-efficient, holographic pop up passenger pods, a transparent cabin allowing for panoramic views, seats that use passenger body heat to power the aircraft systems. do not expect this until 2050. meanwhile the with what you've got. apple airing new ads for the iphone. theyt wearable fitness gadgets hinting new gadgets with the technology expected early this fall. the electronic cigarettes business is booming $1.7 billion worth of sales last year. after the break, we can invest in e-cigs. you can meet the guy who runs it. it's the little things in life that make me smile. spending the day with my niece. i don't use super poligrip for hold because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while yoeat. so it's not

we are not taking airbus secrets and handing them over to boeing.he government is involved in the collection of the data and if there is something that will help accelerate their own efforts in china, they will hand it over to their own companies and then off to the races they go, and that dramatically increases the amount of r&d investment it takes to get to the market. >> i am going to play devils advocate as well. we don't have evidence to suggest that the government is handing over airbus secrets to boeing, but quite honestly, how do we know that isn't happening? think of all the things we did not know before bradley manning and at word snowden that has changed the way we think about relationships entirely. >> that's a fair point. there is nothing that has come out that i am aware of where this takes place. there is a lot of oversight in terms of how the collection takes place, but i think much more important is being able to focus on what happening between borders and hopefully, this at least, in my mind, shine some additional light on the exte

also the planet's largest coffee producer, and the world's largest producer of civil aircraft behind airbus and boeing. the country is also lifting millions out of poverty. the percent of people living on $2 a day has fallen from 21% in 2003 to 11% in 2009. and people living in extreme poverty just $1.25 a day has fallen from 10% in 2004 to just 2.2% in 2009. many of those successes were due in large part to the policies of the country's hugely popular president da silva. but his hand pick's susse successor has become hugely unpopular. >> the economy was in good shape, now the majority say it's now in bad shape. >> that is blamed namely on a slowing demand on its exports due to the world's financial process. the economy with a gdp growth rate of 7.5% slowed to 3.3% in 2013. and in the past year brazilians have taken to the streets to protest rising inflation, a lack of investment in public services. although the world cup is estimated to cost the government $11 billion critics charged schools, hospitals and public transportation are chronically underfunded. on the eve of the world cup 72% o

in a sectarian sense but in that sense the portion of the population that's about 30%, the sunni airbus when they've bee been -- arabs, when they make up that portion of the country, then power sharin sharing by mas always going to be criticized by the sunni arab minority. but the reality is the psychology of the vairs anniversaries groups there, the -- the various groups there, they don't depend on the fact that they're sunni, they don't resort to that, they don't project that cultural on the rest of iraq, it's really their occurreddish identity that's important to them. the sunni arabs in the middle, they like to govern themselves it is political and tribal. maliki can only really be partially to blame for a quagmire that has beset post-clone use iraq from the very beginning. >> were you surprised that the iranian guards coming essentially to the aid of the shiite government in baghdad? >> no. you know iran essentially is trying to maintain maliki's power because in essence maliki is a shia, iran is a shiite islamic regime and it has met from a significant amount of opposition from th

airbus has expert credit agencies in europe helping them.ithout our help, the ethiopian airlines would be bowings. >> and in 2012 delta got involved, and said why are you helping our competitors by these plains. >> delta started the whole thing. it was delta trying to get the export-import bank to stop guaranteeing loans that -- to buy aircraft from boeing. so what happened was it kind of got away from delta and just became this skauz. >> at this point -- this is kind of interesting, kevin mccarthy, we're all speculating what this guy was going to be like. and there was some surprise. is some danger that this reauthorized. >> that's right. the head of the house financial services committee is absolutely, positively dead set against the export-import bank, and speaker john boehner said he is not going to interfere. so this could not even -- this may not even get a floor vote. >> are there going to be real jobs affected in america if this is not renewed? >> absolutely. all of these small companies that are expanding or growing abroad are addin

under control and was on its back heels and that's because at that time there were sunni aish aishz airbus who werarabs whowere fighting them. they must have political reasons for not fighting them. it is important as we do the formation in baghdad that the concerns of the sunni arabs about addressed so they can be remobilized to help put down this islamic state of iraq threat, which is not just a threat to the shia of iraq, even though it is absolutely a threat to iraq, but they're a threat oall the communities. >> we're talking about a country the united states that spent a lot of time, a lot of treasure, a lot of blood in iraq and is now watching across oceans and continents as the country seems to disintegrate. why is this happening? >> it goes back to what i said, that there's still an element of disunity, politically, within iraq itself. still divisions between the kurds and the sunni arabs and the shia. these are not things you can paper-over. they have to be dealt with, perhaps gradually, perhaps slowly. but fixing problems seem to be like riding a bicycle. you don't necessarily ha

carriers because the only difference would be foreign carrier would be flying more airbus planes. i in the last two minutes have i'm going to ask you to stop, breathe, and then paint a picture. lots of surface projections made about what we wake up on october 1 and your doors are shuttered. as a long-timeu former business person, former actinged amy straighter of the administration and as the president of the export import bank, look just october 1 and 2, but what is the long-term to america's manufacturing base? our economy,to what happens to our position in the world? meez.the picture for us, >> i will paint the picture and i would include something that's man,ently joar looked kk and that is foreign companies that are looking to invest in to make products for the u.s. market, but all of them have said to me when we here it also to export from the united states. said weof them is there would not be open new manufacturing facility in the united states if there was no possibility of sphoarlt for our export navment would be too risky to en tract u.s. manufacturing here. solar, a co

we are inside one of new airbus a-321s that jetblue has equipped with the first-ever premium service. it will begin flying between new york and los angeles this weekend. in the meantime, we test-drove the service in a 90-minute flight simulation. here's what we saw. 16 live flat seats, including four suiting with doors that can comfortably fit someone as 6'8". adjust for firm mission, the toiletry kits are provided and entertainmentwise there's 100 channels of directv, a charging station for electronics, and free in-flight wifi that's been upgraded with enough bandwitt to actually stream video. the food is pretty good. i had a tapas style brunch, plus organic lemon ice, and a gourmet brownie. you can even order a cappuccino, this is all part of a three-year design overhaul that includes bigger planes and a streamlined economy class. mint service starts at $599, running up to $999. that's still significantly less than bigger competitors like delta and united. that is a smaller carrier hopefully they can pull in or steal away from the highly valued trans-con corporate travelers that the

could eventually lead to drops in values from those models, which is the best sellers at boeing and airbusin real time around the world. let's check out the oil refiners, exports of certain oil products, concern is building, the refiners in this country will now have to pay higher prices to get ahold of crude that they turn into gasoline. the biotech dropping after morgan stanley rating its shares as underweight, and hanes brand higher, buying db apparel in a deal valuing that company at $545 million. the three top winners after this break, and what's coming up in "street signs"? >> hey there, simon. a moment ago you were talking about the big story about the government taking the first step in opening the doors on the decades-old banner. we've got a guest on the show who actually says this is really premature. >>> what is google up to? what's driving it and how it impacts you? we're keeping an eye on all of that. >>> and how do you make money off uber before it's even public? lots of things coming up at the top of the hour. back to you on "power lunch." er. now get the unmistakable thrill

the airbus 320 was empty.light was scheduled to leave boston for kansas city just after 7:00 this morning. the planes were separated around 8:00 a.m. and the southwest jet was taken out of service. no one was hurt in the incident and then the airport says operations were not affected. 108 passengers on board that south best plane were placed on other flights. f.a.a. is investigating. jenna: wow. thank you. jon: some brand new developments in those lane closures on the george washington bridge that have led to so many controversy. new jersey lawmakers are hearing from one of governor christie's longest serving aides and he could shed light on when the governor found out about the lane closures. we have that story. >> hello. well, he's the highest ranking member of governor chris christie's administration to testify so far. he's chief of staff and he was the one that mr. christie directed to find out what happened with the george washington bridge lane closings. he testified this morning about various meetings h

first up, dubai airlines canceling a order for airbus planes. >>> go pro wants to raise 427 million. to offer 17.8 million class-a shares. >>> expedia accepting bitcoin for hotel bookings. the company, the first major travel agency to take the digital currency. >>> toyota recalling more than 766,000 vehicles here in the united states. this is because of problems with front passenger airbag inflatetors. brings the worldwide recall total to 2.27 million. involves 20 models and corolla compacts and tundra pickups from 2003 to 2004 and lexus coups from 2002 and 2004. >>> sony is planning to a film based on sega's one billion dollar sonic franchise. the movie will be live action and computer-generated. with time to spare that is today's "speed read." [buzzer] i was nervous doing the speed read for the first time. >> did well. i hate you. speaking sony, they wowedded crowds at e3 with a wealth of new games and virtual reality headset and set-top box with streaming possibilities among many other things. joining to us talk about all the new products an developments, sony's computer entertain

there's only one catch, they'd have to buy an airbus. so the question here is not whether the buyer could make the purchase. the question here is whether the buyer will purchase the u.s.-made product. and we're told that only 2% of american exports are at stake here. america is running the largest rate deficit in the history of the world. we can't afford to give up 2% of our exports. we can't afford to give up half a percent of our exports. we're told there's a scandal involving some officers of xm bank. there's also been a scandal involving officers of the united states navy, dealing with the repair of ships in the pacific. yet, no one is proposing that we de-authorize the united states navy. i look forward to working with the gentleman, perhaps the gentleman from california, to improve xm, because i don't think that everything is perfect and none of these criticisms deserve any attention. one of those reforms would be to have language and even more clear language, to say that they can't make a loan or guarantee a loan without looking a

airbus plans to tackle elon musk by launching a commercial competitor to spacex.ocket building facilities by teaming up with a french engine maker. ben and jerry's is saying, oh, no, banning genetically-modified organisms from all of its products. the ice cream maker has found new sources, and it's had to change the name of its famous desserts as a result like heath bar, and builders are feeling better about their chances of selling new homes. the nahb confidence index rose in june for the first time this year, coming in at 49. that is just shy of levels that indicate favorable conditions. that is the latest from the fox business network, giving you the power to prosper. when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people

it was the german government that scuttled the airbus link.r bid for astrazeneca in britain set off a whole big political storm in britain about things. these are big, important companies, and there are a lot of issues at stake. how important a precedent does it set for the modern -- and innion particular france -- what other assets in france might become targets for foreign investors? >> there are plenty of them. damon was a target a few years ago. away.o got shooed the french have a lot of very good sized, reasonably well-run companies. bigt of them are just not enough to be global players, but they are too small to remain these players. that was the position that all stomp --alstom was in. you caught me on the spot with names. dannon was one. maybe some of the french banks, too. >> we have a deal that fell and on thepublicis mnicon fell apart. it does seem that if this deal goes through, it does seem that the french government is more open than they have been in the past to these large transactions. these companies will need some help and y

airbus has had its biggest order camp -- cancellation ever. price for that order, $16 billion.mirates is one of the biggest customers for the boeing 737. a new bloomberg national poll, 62% of those we surveyed said they would pay more for energy if it means less pollution. and more with support a candidate who is willing to address the issue. u.s. stocks are in the middle of theve year bull market, to surprise of many investors who were certain that this would be the year that interest rates rose. the bond market, or many parts of it, are performing even better than a quit ease. i am delighted to bring in bonnie, the director of reddit at her company. let's talk about this phenomenon. this was supposed to be the year that the credit market backed out and people lost money. that has not happened. it has left many, including me, wondering how long this can continue. >> let's take a step act. this is probably the fourth year he was supposed to happen. that interest rates rose and everyone fled the bond market. nothing happens in a vacuum. the strength of the u.s. economic recovery

general in that direction in his are the west and are feeling now of the air force base airbus about 28 mi. an hour and the region's see plenty of pylon argos processing 20 mi. an hour gusts and nappa and it is pretty dry out there right now as well. on this list of things not helping the situation right now of cincinnati a 25% anything below 30 considered pretty dry bread offered conditions not good out there right now temperatures in the '90s. in fairfield as well. we're gonna be getting relief go out from the fire conditions as we head into tomorrow. and of fire conditions not done due of gusty winds and a little bit of hot rhetoric and wind direction on for feel right now generally coming out less in saying 20 now range in this area. agassi again in this live picture this particular structure which is one of the other buildings on this property affected by the fire. it is really to get up right now and it's right next to some trees which are likely going to be catching fire because of the flames that are burning right now. again in the fairfield area we do want to remind anyone w

will be used to promote organic growth and to fund its share buyback. 15delta airlines has ordered airbusery beginning in 2018. they say it will replace similar domestic planes that will be retired from the fleet. at $1.65 is valued billion. >> bullish contracts trading to the highest level since bearish contract since february. twitter has plunged 49% since the start of this year. pharmaceuticals has not been contacted about a small acquisition, said a person familiar with the matter. shares continued to surge after a story that said that they were in talks about a possible cash offer for nps. >> apple holding its annual worldwide developers conference in san francisco today. apple is expected to announce acw features in its ios and m operating systems, as well as new products for health and fitness. ow shares are down after analyst downgraded the real estate site to sector perform from outperform. the stock is up 44% year to date. capital realealty estate investment trust is being acquired for $2.6 billion in cash and stock. arc hospitality will be buying a company for $1.9 billion. ann