airbus also traded to the upside on the european markets monday. in other news, donald trump sitting down with tech ceos. what can we expect from that meeting? jens: overall it is a bit more of a brainstorming at this point but still a lot is on the table. for once, the u.s. government would like to renew their pretty-aged computer systems. there is talk that some computers are still running with floppy disks. on the other side, technology companies have needs. they want to know what is going on with immigration, h1b visas, what that means for potential employees outside the u.s. that also, repatriation of the billions of dollars u.s. companies have outside the united states. those are just some of the topics. on top of that, theoretically that could mean more machines and less government officials in the near future. helena: jens, thanks for that. sports clothing maker puma lost its attempt to block a line of popular sneakers in a german court. they said the soles infringed on two of its patents. the court saw differently. that's the latest from t

boeing did of which, better than airbus on airbus's turf. announced.just been what has been happening in shanghai? if you look at chinese stocks, you see a little bit of a mixed trade. ,he shanghai and the shenzhen trading down. stocks which will be included, we saw that announcement overnight yesterday. those have extended gains. traded in cap stocks the index, understandably, continue to gain as the smaller cap stocks fall. like london is going to slightly outperform but not by much. downtse is going to open 0.2%. forwill see a sideways open european equities. nevertheless, we can monitor what is happening with the macro. coming up, the market open. this is bloomberg. ♪ guy: welcome back. one minute to go until cash opens in europe to read we will market a clear sense of direction from equities today. here is the fair value on your bloomberg. you get the fair value line. helpoks like london will form slightly. a few ex-dividend in the london to the attention to. united utilities is one of those names, but a few others as well. i think the

for boeing and airbus, the world's two biggest passenger jet makers, it comes at a turning point. jet orders is starting to dry up, as competition from new players in start to get heated. martin has this report. reporter: analysts say the aircraft sector boom may well be over. but the paris air show this week, industry spokespeople the continued increase in air traffic. and the big players, including are showcasing their new models. >> the max 10 will be the largest and most efficient member of the max family, to 230 people. simply put, the max 10 will be most efficient, single-aisle airplane in the skies. reporter: boeing has announced more than 100 orders for this archrival, airbus, announced a similar number of in its air 320es series. figures mask what may be testing times ahead for the world's two biggest plane makers. low oil prices means airlines are under less pressure to buy newer, more efficient planes. and both airbus and boeing are a hugerying to process backlog of hundreds of orders, dating back years. long-term demand especially from asia is set to high, both russia'

will it be boeing or will it be airbus? boeing has come out on top with many more orders for rival airbus.s the american manufacture secured 463 commitments to buy from customers compared to airbus 326. was the maxer aircraft. airbus played down their unusual defeat on home turf saying the market was just slower this year. >> is this a slower show than previous years? yes it is. are we conceding that boeing sold a few more airplanes than we did? yes. in terms of firm orders it's a wash. are those numbers lower than they were in previous years? yes they are. genie: the price of oil is recovering slightly from a recent slump. to itst crude slipped lowest levels since last november. under $45 a barrel. 20%prices have fallen by since the start of the year despite major oil producers extending a deal to cap production. u.s. shale producers have an stepping up their drilling pumping more oil into the market. things are picking up slightly on the oil market. genie: what kind of effect is that having on the stock rocket -- market?

in the spotlight are the two page rivals, the french-based airbus and american boeing.h supply planes to carriers around the blown and compete fiercely for new customers. last year airbus saw a late surge in orders to win the sales 731 planes ordered for a total $46 billion. boeing's 661 ed to orders worth $44 billion. boeing managed to deliver more though, and has gotten off to a stronger start this year. t's not all clear skies ahead for the market leaders. both boeing and airbus accuse ach other of receiving illegal subsidies and tax breaks in their home bases. in each seen costly delays production, demand is softening or their most lucrative product, wide bodied jets with two aisles. and still more firms are jumping into the game. china debutedear, built on jet entirely home turf. long range wide bodied jet. ingle aisle planes is more crowded with more established rivals from brazil and canada. all manufacturers are trying to efficient e fuel engines. oil prices have slumped since 2014 and the resulting lower fuel costs have airlines overall profits. with prices bac

it's a single aisle jet using customized parts from boeing and airbus.s priced to sell with discounts of up to 50% comparing to the boeing and airbus equivalent. they had orders for 570 airplanes mostly from chinese buyers. authorities are seeking agreements on airworthiness with u.s. and european regulators for flights outside china. boeing built first plane in 1916 and had a stranglehold on passenger jet sales until airbus began taking significant market share in the 80's and 90's. the pair split the business now including china were aircraft sales will total more than $1 trillion between now and 2035 according to boeing. and to the passengers, china will overtake the u.s. is the largest air travel market around 2024. getting into the major leagues with airbus and boeing may be a few decades away and critics needs tot comac privatizing go global and other industry watchers say the 919 should be a stepping stone for comac to build something better. they are well paced to take business from the established businesses at least from home. you can read abou

he flew there in an airbus. he got a boost of confnfidence o the project. thousands of business people and ordinary visitors, airbus and boeing are fine for attention with the latest upgrades to passenger jets. kate moody is at the airport covering the events. one of the highlights? kate: >> -- >> what a highlights of the show? can you hear me? yes, we've got planes and helicopters and rockets and still more planes here at the air show. we are just a few miles north of the capital. industry areof the racing to the lip many orders. last year, airbus came out on top. 2017,halfway through boeing is in the lead. both companies are unveiling new versions of their popular planes. they will be announcing more orders as the week goes on. they are far from the only players in the field. chineseveils the first built passenger jet. that came out earlier this year. beijing and moscow have a new partnership and they are trying to break into the market. mitsubishi is debuting a new model here. all of those manufacturers are battling against a declining market. the air sh

yvonne: airbus says the new boeing competes with its new plane. the airbus has a sales lead. it can more seats. airbus announced orders worth more than $12 billion in paris. the ceo says he does not see the boeing as a threat. so. don't think we have an 80% marketshare right now. competing with the 7379. we have more coming up ahead on bloomberg. blackstone's vice chairman is joining us. that will be on bloomberg surveillance. that, catch our interview with steve mnuchin the u.s. treasury secretary. that is at 5:00 p.m. in hong kong. betty: after that a chat with the south african finance minister. stay tuned. that is quite a sunny smile. this is bloomberg. ♪ yvonne: this is "daybreak asia." moody's has downgraded the credit ratings of australia's big banks from aa to two aa three. that is because of the risks that are lurking in the housing sector. we spoke to moody's vice president earlier and that economists earlier. >> the risks have been rising. we have been saying that for some time. the low wage growth and households taking on more debt has led to record highs in house

and daybreak america, we are hearing from the airbus ceo.ose anversations are you betty: lot ahead. brexit negotiations are finally due to start, investors looking for clues how the u.k. will work with the european union as talks begin in brussels. anna edwards is a preview. angie: almost a year after the -- key events on the brexit timeline, talks day-to-day with the brexit minister and the chief negotiator staff starting this week. the session will focus on how the talks will be structured and moving on to the right of do you citizens living in the u.k. after brexit and those britons living on the continent. and the queen's speech on wednesday, since this party will set out if a legit -- its legislative agenda for the year. the official opening of parliament, the date had to be pushback because of talks with conservatives and the northern irish union party over forming a government because the conservative lost its majority. they need northern islands support -- ireland's support. the rivals labor party leader jeremy corbyn will put an ame

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so the airbus a380 also getting a lot of attention at this paris airshow.ines to make major purchases? ba 380 has been very interesting. they show an 8380 plus, it has a package of enhancements. these will not flow through till 2020 so it is hard to say that will have much interest in the region. they speak about reduction in fuel burn with all of the enhancements to the wing and a few other things. that would be quite appealing to many airlines but it will only be for new aircraft so many of these airlines would be up for taking the new a380 in that time frame. at the end of this paris airshow, who will have the upper hand in terms of orders? knowing or air bus? at this stage, boeing has come out was a new aircraft to launch, traditionally, paris is a big one for airbus so we will have to see what happens towards the end. i think it will be close. let's have a quick look now at the markets and asia is rising for a second day with the japanese market up. the all 0rdinaries is flat to hire at this point, because all big four banks in australia are in negativ

the plane is an airbus a330, like this one.engines, and the company says it will help with the investigation, which is likely to look at all potential factors, including maintenance records, and whether some kind of object got inside the engine. and, meanwhile, there are reports that this kind of engine damage on the china eastern airlines plane has also occurred on other aircraft. richard galpin, bbc news. many children are confused about where their food comes from, according to a new poll. in a survey of more than 5,000 children between the ages of five and 16, some thought cheese comes from plants, tomatoes grow underground, and nearly a fifth of the very youngest thought fish fingers were made from chicken. andy moore has the details. the poll for healthy eating week threw up some surprising results. around a quarter of all children thought strawberryjam could be included as one of their five a day portions of fruit and veg. around 11% of teenagers said that fruit pastilles would count. there was quite a bit of confusion a

we are happy to compete against airbus. the airline companies pick us. we are extending the family with this version and we are very optimistic. >> that model helped put boeing over the top. a total of 571 net new orders and commitment valued at nearly $75 billion. that is compared to the airbus orders. >> are we concerned they have more airplanes than we did? yes. they've got the rest. >> they have then expected to produce sluggish demands. to build a 10%ng stake in american airlines. it is unsolicited. cut ties in recent months. delta and united expressed concern about qatar airways. and therefore, an unfair advantage. a fairly flat session for the european indices. they closed just above the flat line. the health-care sector rose about 2%. positive results from the study about drugs used to treat heart attack survivors. meanwhile, wall street is trading upwards. and the aviation industry leading gains there. and the efforts to replace the existing health-care legislation known as obama care. opening bell was rung by the french israeli businessman. it

it intends to challenge boeing and airbus.nly flies airbus come up with the ceo said it would be foolish not to consider the new chinese aircraft. delta new blow to wells fargo, pending the bank from any new official business and from leading minister for bond sales, sales of bank to prove his track record of lending and four communities. wells fargo was cited in march for selling unauthorized counts to minority homebuyers for some prime mortgages. right. we are waiting for this caixin china pmi number coming through. idea of the us an small to medium-sized enterprises of china as opposed to the state owned enterprises which are more representative of the official data which was out just about 24 hours ago. it is showing weakness, 50 is the dividing line between expansion and contraction. we have 49 point six, showing expansion to we were looking for slight expansion of 50.1, so this is suggesting quite the reverse to what we had out of the official numbers yesterday, which was showing the economic momentum was continuing and

show.e paris air analysts expect fewer plane orders for boeing and airbus after the industry gets hit by low fuel prices and weak fares. we will take a look at the health of the industry and bring you live comments from the event. ♪ anna: a very good morning, welcome to "bloomberg daybreak: europe," our flagship morning show from london. plenty to talk about. stocks in asia going higher, keeping an eye on what has been called a u.k. terrorist attack in london, another key test for the may government. agenda, theeconomic eurozone seems to be impressing even those with leveraged money to spend. , this ispositioning leverage money going long on the euro for the first time in three years. taking a long time to believe in the eurozone recovery story, and the euro surges back around 1.12 today, not making great moves, but the storied performer among major markets. matt: you can almost barely make blip at the end of the chart. another trend that was visible overnight was the chinese gain in equity. if you take a look on hong kong or the mainland, you see big gains for equities in the risk ra

an airbus a 30 started shaking so much the pilot turned around and went back to australia. >> it happenedhour and a half in the flight no malaysia. it was like riding a washing machine. the pilot said there was a problem with one of the engines then told the passengers to get in the brace position for a hard landing. and pray. >> and also please, listen everything. our survival depends on your cooperating. hopefully everything will turn out for the best. >> air asia says it hasn't found a problem with the engine but passengers say they definitely heard something. >> suddenly we heard like a bang noise and everything started shaking. >> it was like a small explosion almost from the left wing and the plane just shorted shuddering a lot and you could just tell by the cabin crew's reaction it was really bad. >> the airbus landed safely when it returned to perth. the passenger as mrauded and some even shook the pilot's hand. >>> back in this country a flight made an emergency landing because of one of its passengers who tried to open the emergency exit midair. the southwest flight was on its w

. >>> airbus is showing off his next generation of lane cabins. highlights include increased cabin with along with the new overhead bins that can hold eight bags instead of the usual five bags. the windows are a little larger than the current designs . the and also has mood lighting and is customizable. airbus expects to roll out these planes with new interiors beginning in 2020. . >>> amazon hopes to revolutionize the closing industry by letting you try the latest styles . >> before you buy them. i want to tell you this, there is no upfront charge here. that is the idea behind amazon's new prime wardrobe. here is basically how it works. prime members can select which clothing, shoes, accessories they want and try them on at home. you have seven days to decide if you want them or you don't. if you find something that you like and it fits you keep it. you get a discount for doing it up to 20 percent. you can send back what you don't like for free. the launch date for what is called prime wardrobe still has not been announced. >>> growing industry r

airbus maybe thrown a lifeline for its struggling superjumbo. in talks to buy 20 more planes just as airbus debates cutting production below one a month. emirates is the biggest operator in the world. the order could be worth $8.7 billion although people familiar with the discussions at the carrier has not decided hammy planes it wants. hewlett-packard ceo has said she's giving president donald trump's administration the benefit of the doubt. speaking exclusively to bloomberg, make equipment -- meg whitman said she supports some but not all of donald trump's policies. >> we are in favor of tax reform. we think the ability to overseas isash important. on the other hand, we are not for the border adjustment tax. that is very difficult for companies that import and work on low margins. retailers, a lot of technology companies, we think that is not in our best interest and by extension in the best interest of the united states. credit suisse investors will buy 99% of a billionsfering raising for the banks turnaround plan, the second sheer issue sinc

ceo of airbus talks new orders and competition first on cnbc. monday, june 19th, 2017.begins right now. ♪ come and get your love ♪ come and get your love. >>> guardians of the galaxy, we like this song good morning, welcome to "squawk box" on cnbc we are live from nasdaq market side in times square becky quick with joe kerr anyone, andrew off today guest host is mark grant, chief strategist at hilltop securities great to see you. >> great to see you, becky. >> thank you for being here. >> my pleasure. >> a lot to come up. let's quickly look at u.s. he can quit futures they're higher this morning. dow futures up by 70 points. s & p 7.5, overnight in asia markets were mixed take a look. the nikkei up by six-tenths, hang seng up

both boeing and airbus claimed victory over that decision. shares of boeing were basically unchanged at $190.03. >>> the federal trade commission staff is advising the agency to prepare a lawsuit to block walgreen's nearly $10 billion deal to buy rite aid. that's according to a report by the trade publication capital forum. walgreen's initially bid for its smaller drugstore rival back in 2015. shares of walgreen's dropped to $80.99. shares of rite aid plunged 15% to $3. >>> sirius xm will make a $480 million investment in the music streaming company pandora. the satellite radio company cited pandora's large user base and personallyized music experience as tremendous assets. shares of sirius xm dropped 20 cents to $5.20. pandora rose 10 cents to $8.52. >>> the fda has requested endo pharma pull its opioid painkiller off the market. this is the first time the agency has asked to remove a currently marketed opioid drug due to public health consequences of abuse. shares of endo pharma dropped more than 16% to $11.49. >>> time now for our market m

shuddering a lot and you could just tell by the cabin crew's reaction that it was really bad. >> the airbus landed safely when it returned to perth, australia. the passengers applauded and some even shook the pilot's hand. >>> back in this country a flight made an emergency landing because of one of its passengers who tried to open the emergency exit midair. the southwest flight was on its way from los angeles to houston. an off-duty cop tackled the passenger, and the plane was forced to land in corpus christi and the passenger was removed. >>> an arkansas inmate is back in bars after escaping 32 years ago. steven dishman seen here in a new mug shot on the left, old one on the right, was serving seven years for burglary and theft when he escaped back in 1985 taken into custody at a home in springdale or by springdale police after more than three decades on the run and police got a tip about his location. he is now 60 and will have to complete his original sentence and may face additional jail time. >>> facebook is ready to get into the television business said to be in talks about producing

including boeing and airbus. nice gains here.30ng is getting ready for billion in orders. airbus has gotten a $10.8 billion order from ge aviation. ge, it is down slightly but it had been higher in the premarket. they have created a $2 million leasing aircraft with a quebec pension plan operator. valued and we have seen a rotation into the values and the growth. airbus in particular is there. this is a global chart showing that shift. we have the global world growth value of index. you can see it going into the beginning of the year, we did have value outperforming. and as the year has gone on, we have seen that growth has been outperforming recently on the tech selloff, we do have value outperforming once again on a global basis. not just in the u.s. alix: is that sustained? still with us is -- value versus growth, when the we get a sustainable performance? about the you think significant value of energy and materials and industrials, those have been the big plays. a great run around the middle of february andough it rolled off

boeing has secured twice as much show is rivalir airbus. of 229 airliners, valued at $225 million -- billion dollars. nomura has picked frankfurt as the headquarters for the operations.on according to a person with knowledge of the matter, the japanese biggest brokerage will --pare next month to -- hasaire patrick try raised money in the second-biggest initial public offering. the ipo comes exactly one year after it was formed, when the parent company closed the acquisition of cablevision systems. that is your bloomberg business flash. anna: now oil has held its slide into a bear market. -- the iraniann will minister says opec ministers are in talks about making further curbs to supplies. but reaching a consensus will be difficult. i have this great chart, which is looking at what is happening to the oil price. this is the recount in the blue. the bears back in town. the conversation i was having an it is thehe says recount that matters. production levels in the united states, just so high. the production levels are pretty high. >> yes and

the other stock i want to mention is airbus. 380 program, the superjumbo.e going below rate one. they will be making less than 12 a year. this ahead of the air show, the flagship event in france, paris outside of paris, in which the 380 has been a crowdpleaser. this seemed to be struggling to be market please her. getill be interesting to mr. clark's view as to whether he has more orders and mine. he would like a re-winged version of this aircraft. need to talk about the oncology state. fell yesterday in the u.s. trade 8% in new york. it is coming down -- looks to come down in europe as well after their new breast cancer drug barely beat the old one. the old one came out in 1998, the new and doubles the monthly cost but may not be worth it. we will watch that at the open. this is bloomberg. ♪ guy: minutes tilde cash open. five stocks go ex dividend today. if you want this function, that will produce for you some numbers. five stocks going ex dividend. the editing and want to mention, we have been talking about the fact we have got -- germany closed yesterda

>> all of them will be new generation aircraft, airbus or boeing.he way we have to move forward to be fuel efficient. now. this is subject to volatility, so we want to go slow for the new generation aircraft. reporter: so what is the future for your a 380's? >> it is still a significant part of our portfolio. a lot of destinations we fly [indiscernible] 380 can accommodate this strategy. reporter: so will you get 747, will you tire them completely? in five years, we are taking them out and replacing them with new generation aircraft. reporter: the big plan for thai currently, how about thai cargo? partly it is agriculture product, so it is not worth the aircraft cargo. for the airline to really be ,ble to survive in the future the revenue is so important. 40%of the areas we know, will come to this area, asia-pacific. there will be more competition in flying. but we look at the opportunity. there will be more planes to repair. we will look areas at, but eac and thailand. reporter: there is a huge competitor in singapore. are you saying you are prepar

the plane is an airbus 330 like this one.investigation, which is likely to look at all potential factors, including maintenance records and whether some kind of object got inside the engine. and meanwhile, there are reports that this kind of engine damage on the china eastern airlines plane has also occurred on other aircraft. richard galpin, airlines plane has also occurred on otheraircraft. richard galpin, bbc news. nearly five months after president trump took office, his wife, melania, and son barron have moved into the white house. they had stayed behind in new york, so that 11—year—old barron could complete his school year. mrs trump said she was "looking forward to the memories" she'd make in her new home. emanuel macron's political party was only established a year ago, and many of its candidates have little or no political experience. yet the new french president's party — la republique en marche — looks on course to win a landslide victory following the first round of parliamentary elections. the final outcome will

the aerospace giant airbus and its partner, 0neweb, have started the production of a mega—satellite constellation $1.7bn has already been raised to fund the network which will rely on an intital 600 satellites that should be in orbit within five years. other companies are planning similar projects. before we go, let's have a look at what the markets have been up to. the japanese markets following what happened in the us yesterday. most are down. you are hearing david talking about issues of getting the health—care bill through us congress and that is partly what is bringing these markets down. president trump, when elected, saw the markets surge. deregulation, tax reform, infrastructure spending creating boosts but it is now all starting to stall and bringing the markets down. let's move on and i can show you those american markets. political concerns bringing them down. we will keep an eye on those figures as we go through the next couple of hours. services providing support for people who are older and disabled face yet more cuts, despite extra money being put into the system. that is according

>> they will be new generation aircraft, airbus and boeing.t is fuel-efficient. are low, fuel costs but the future is subject to volatility. so we want to go with the new generation aircraft. >> what is the future for your a-380? >> it would still be a significant part of our portfolio. a lot of destinations that we the a-380 can really accommodate the strategy. in terms of your 747's, will you retire them completely or the leasing them out? aircraft, in the next five years, we are taking this out and replacing them with new generation aircraft. >> there are update plans for thai. thaiabout tahi cargo -- cargo? >> we mostly ship agricultural products, so it is not worth for the aircraft cargo. for the airline to be able to survive in the future, it is diversifying of the revenue that is so important. planes will% of the come to this area, and that means more competition in flying , but at the same time, we look at the opportunity for more planes to maintenance, repair, and overhaul, so this is the area in thailand. hugeere is already competito

then we will talk to airbus a little bit later on. mr.acron is going to be here fresh from his election win. he will be having a conversation and we will try and find out what to discuss. we are less than an hour away from the cast trade here. just a half hour to go until the open. take a look at the futures. we are looking at gains across the board. 9%, stocks 50, futures up 19 of a up almost percent as well. looking at a positive day for equities. take a look at my screen. some of the biggest movers away from their 30 day moving average, this is how we order them in standard deviations. as far as equity industries are concerned, it is obviously this was friday. we had the weekend there, they were not quite opened yet. new zealand, big gains there. we came off of a strong close to last week and it looks like we will kick it off strong again as well. at four x, you see the key weak dollar and the yen is what you want to keep an eye on. weakness against the dollar is something we had seen earlier. 111.06.ee strength at take a look at commo

emirates may be about to throw a lifeline to the airbus super bus program.ple familiar with the program say the persian gulf airline is in talks to buy 20 more of the double-decker jets. airbus warned it would have to cut production without more orders this year. in spain, banko santander has taken over banko popular after .egulator santander plans to raise about 8 billion euros in capital. this is great news for europe, the financial sector, and spain. they are able to do this, it has been done with great discipline, in a very professional way. i think it is very good news for europe, the financial specter, spain, and santander shareholders, customers, employees. popular has almost $22 billion of nonperforming assets on its books. tesla plans to build another factory because the current one is bursting at the seams, according to elon musk. they say they are deciding the crossovero build the which could debut in late 2019. that is your latest bloomberg business flash. mark: still ahead, janus manager billund gross gives us his economic outlook. where he is i

airbus is another stock to watch in the open. clark may want some more three 80's, emirates model is based on the 380. they have a lot of the big triple sevens. he has been a big buyer of this aircraft and he apparently may want some more although he would rather have a real engine and -- gined version. you have better weather at the air show. does rain a lot. little bitng here, a chilly but i am excited nonetheless because the ecb is expecting to change the language in its statement no longer saying that risks are tilted to the downside but rather balanced. also touring it's inflation point 5%.o one that should be a disappointment to anybody rooting for the economy. they will push up their growth forecast create investors are in wait and see mode. not really making a lot of risky purchases and the euro is flat against the dollar. we can expect some excitement when the statement comes out today. at 12:45 p.m. u.k. time. it is fun whenk they are on the road. it adds another element to watching when i was think is one of the best e

much of that comes from the local airbus and daimler plans.tside of the single market could harm them and many local businesses that rely on them. for one company, it is the movement of personnel, as will the shipping containers, that is vital to their business. we have a fleet of up to 100 chips. when this free flow of people who work in the london office all come to bremen from the uk, and with a hard brexit, it has a massive impact on our business, at least the way we are doing it at the moment. the relationship between bremen and london goes back centuries, to when local traders were granted a licence to sell their wares in bremen‘s capital. and the representative here says the goodwill will outlast brexit. the people of bremen take out their umbrellas for london's rain. they are very pro— british. whatever the legal framework will be, everybody will adjust to the situation. local attitudes are one thing, but businesses he ultimately know that brexit will be decided in brussels, and they can only hope that eu negotiators share their enthus

both boeing and airbus have played down expectations.” have played down expectationslj expect have played.” expect orders, but, for me, the key will be how we see the shift from topline growth to whether manufacturers are working on getting their bottom—line growing. manufacturers are working on getting their bottom-line growing. crowds may be wowed but this plane is not selling well. the company does need new orders but is unlikely to get them to european giant may find itself upstaged by its american archrival which has brought along a new 737 max, and up rated version of its old workhorse. it may set out plans for a highly efficient medium—sized aircraft. for many, the highlight of the show will be the display of supplying and so the first time the lightning two will be taking part. the product of the most expensive defence programme ever. i% with delays and cost overruns. it badly needs some good pr. so as it soars through the skies over paris, the performance needs to be spectacular. india's it industry gained a competitive edge on the global market and created good paying jobs to mi

the airbus 330 is one of the most commonly used aircraft for long haul air travel. investigators are now trying to determine if this was an isolated incident or part of a larger problem with these rolls royce engines. (steve) the aircraft is designed to be able to fly with just one engine. the airline has not said anything beyond their statement, assuring the public that safety is a priority. one passenger says he received twenty dollars as compensation after harrowing the flight. (pam) a good samaritan was trying to help a little girl who got separated from her parents according to police ... but the child's family ended up beating the man - and calling him a child predator on social media. police in lakeland, florida say ... the whole thing was a misunderstanding. the man was walking toward the parking lot of a park with the little girl. when the girl's father saw him, he assumed he was a child predator and he punched the man several times. "this guy, is a father, a local businessman, has two children, was trying to help this child. but they turned it completely a

others would say larger problems especially with regard to the airbus orders, and the a320.ight now? >> actually we had an investor conference this morning. we talked a lot about that the fact is we had a couple of issues that we've discovered in service. i think that the two things that i would point out is 99.8% in service reliability. so the plane, the engines are working. and the fact is, we've got 8,400 engines in backlog so strong customer desire to get the engines out there and they're delivering what we committed to which is the 16% fuel burn and 50% lower noise. >> with regard to the airbus models parked around waiting for engines, how quickly does that get resolved >> so we have committed to airbus this year to get back on schedule by the end of the year we expect we'll meet our contractual commitments with airbus and we'll build about 350 to 400 engines this year. that's up from 140 last year next year we'll build somewhere between 700 and 800 engines, and we'll go up above 1,000 the following year early in the program end of the year we'll have 158 planes out the

. >>> airbus is showing off his next generation of playing cabins. the highlights include more cabin with, along with new overhead bins that can hold eight bags instead of the usual five . the windows are a little larger than the current design . the cabin also features mood lighting that is customizable. airbus expects to roll out these planes with the new interiors beginning in 2020. >>> amazon is hoping to revolutionize the clothing industry by letting you try the latest styles on before you buy them. with no upfront charge. that's the idea behind the amazon's new prime wardrobe. prime members can. out which clothing, shoes, and accessories you want and try them on at home. you have seven days to decide if you want to keep them or not . if you find something that you like and it fits you can keep it and get a discount for doing so. up to 20 percent. you can send it back if you don't like it for free. the launch date for prime wardrobe has not been announced. >>> a big fire outside of los angeles still growing this morning. we will tell you the eff

. >>> airbus is showing off his next generation of playing cabins . the highlights include increased cabin with by a few inches along with new overhead bins that can hold eight bags instead of the usual five. window is a little bit larger than the current designs . the cabin features mood lighting that is customizable. airbus expects to roll out these flames with new interiors beginning in 2020. >> it looks like a fancy nightclub. >>> amazon hopes to revolutionize the clothing industry by letting you try the latest styles with no upfront charge. that's the idea behind amazon's new prime wardrobe. prime members can select which clothing, shoes and assessments they want, try them on at home and then they have seven days to decide whether or not they want to keep them. if customers find something they like that fits they can keep it and get a discount, up to 20 percent. they can send back what they don't like for free . the launch date for prime wardrobe has not been announced. >> what you think? >> is kind of like stitch., there are a couple of services

airbus is reorganizing commercial sales regulations, the giant is moving sales teams out of commercialales divisions to report to the chief executive instead. it looks to streamline operations in light of increased pressure from boeing. the number of british banks have halted their currency trading in the qatari riyal. barclays and the royal bank of scotland taking riyal's currency off their rosters. qatar is raising a blockade by the united arab emirates alleging terrorist sponsorship among other complaints. a fine in germany if they fail to remove a legal content promptly. likestipulate the sites facebook and youtube must take down sites with hate speech within 24 hours. industry representatives complain at the time requirements are unrealistic. business, a major incident in new zealand as customs officials there are aported to have seized shipment of wheatabix, after and a strongly in company said the sale of weetabix in australia -- in new zealand would affect australia. a little bit of a britain covered the local with a sticker, but no deal. aop says they plan to fight, standoff,

you can check with boeing and airbus.on with our expansion. guy: if you had to, how many aircraft could you handle? we are not allowed to do for anything -- to differ anything. as a matter of fact, we are 77 thiso receive five 7 year. there is no politics involved in this. you would not favorite airbus over boeing. the president of the u.s. has sided with the saudis. that would not impact you? >> at the end of the day, president trump is the leader of the largest power in the world to date. faith in this his matter will be important, and i am sure that at the end of the will prevail to these warring individuals who have conflicts to resolve their issues. i'm sure he will look at what the justice is to be done, which is the billing -- which is the villain. guy: before that happens, how long? any inkling this is going to end soon? do you see this as a short-term problem or are you planning for long-term? >> we are always prepared for the worst. the rest i will leave to the politicians. i cannot predict anything. guy: can i

boeing has secured twice as much as rival airbus.oeing won orders and expressions of interest for 420 planes, worth as much as $58 billion. airbus posted a tally of 229 airlines, valued at $25 billion. it marks the u.s. plane maker' biggest victory. sthat is the bloomberg business flash. francine. francine: thank you so much. let us focus on the middle east politics. mohammad bin salman's appointment as crown prince mean energy markets need to brace for an even more assertive policy from saudi arabia and could that prove a threat to stability? a man says the changes in saudi are positive. >> i am so happy of the changes, because, since king salman came into the position, there is a lot of of positive -- a lot of positive changes. stability for the saudi people and the neighboring countries. fighting terrorism all over the world. francine: still with us, pau and b valentin. i don't know if this is more of a regional story or whether this will usually impact what saudi arabia will go through in implementing his vision for 2030. >> i gu

betty: boeing beat airbus in an air show for the first time in five years.ders and interest for about 370 planes worth up to $2 billion. airbus managed to hundred 29 planes. -- 229 planes. asian investors were particularly attracted. toyota is having to play record incentives to keep the camry ahead of the field in the u.s. the new model goes on sale next month. it will cost $900 more, but feature $4000 more in extras. the camry has led sales in 15 years and has escaped the sales drop off suffered by rivals. sales are down 12% as roomier suvs ruled the road. betty: apple said to be revising relations with the music industry by cutting record label share revenue from streaming. the agreements between apple music and itunes with current agreement expiring at the end of the month. the new arrangement would bring apple closer to the rate. the recording industry group thanks to pay streaming services. yvonne: news corp. says the company is in advanced talks with facebook about situations to its content online. the ceo robert thompson has been exchanging with mark

rishaad: airbus may be thrown a lifeline as emirates talks about building 20 more planes.ggest a 380e operator in the world, worth $8.7 billion before discounts. the carrier has not decided how many aircraft it wants. consultancy firm eca says hong kong has overtaken tokyo as the most expensive asia-pacific city four ex-pats and is now number two in the world. the local dollar pegged to the u.s. currency has made it more expensive. tokyo remains at number seven. singapore dropping to 24 through the sterling post-brexit fault makes london 132 on the list, now cheaper than bangkok or rio. well, disney's virtual-reality startup is teaming with xiaomi and building a studio and beijing. we are building a technology-based company in to focus onanghai, developing and creating some of the most amazing vr content for the global audience. in addition, we are building a studio in beijing where we are bringing in a creative team to produce some amazing vr content. >> what are the hurdles you need to get over to get vr to the level where any shopper, any consumer, can go out and get in

the airbus 330 landed safely about three hours after departure. >>> a flight to germany had to turn arounde flight to frankfurt returned on captain's orders and an emergency was declared. we spoke to one passenger who was on board. >> we had to turn around and fly back to philadelphia taking another three hours. basically six hours to go nowhere. >> reporter: many of the passengers will be taking flights to frankfurt today. >>> marijuana becomes legal in new jersey, and if it does, it will have to be under new jersey's governor. voters are trying to get chris christie behind the idea. >>> a pennsylvania man who went missing last week hiking in louisiana has been found. eric helmas was found in fairly good condition on friday. helmas is training to be a guide. >>> well, more than 3500 athletes competed for nearly $20,000 in prize money. in the 26th annual pottstown rumble. it is the world's largest grass volleyball tournament. men and women's teams across the u.s. and candy and several olympians played on 170 grass courts in memorial park. >>> well, it was just another great beach day. here

. >> reporter: the airbus a-330, carrying 359 people had departed perth stlal for malaysia. suddenly at 38,000 feet, a compressor blade in the left side engine fractured and broke apart, spewing pieces of metal throughout the engine and causing significant damage. this photo shows the missing blade and the damage to the surrounding blades. the crew quickly shut the engine down, but the air flow caused the fan to continue spinning, sending violent vibrations through the plane. >> we thought we were going to go down. >> reporter: airasia says it's conducting an investigation with rolls-royce. engine failures are rare and usually not as serious as the explosion of fire of a 767 in chicago. everybody got off safely. among the questions, why did the pilot go all the way back to perth? >>> now to the unfolding triple threat gripping much of the country from texas to california. across several states, wildfires are raging, a deadly heat wave is blanketing millions. perhaps the most serious threat may be the fires, kicking out of control as the sun goes down and the wind picks up. n

airbus may be thrown a lifeline for their struggling superjumbo.re in talks about buying 20 more airlines after airbus discusses limiting production to less than one a month. worth $8.7 billion before a discount. sources say the carrier has not decided how many planes at once. yvonne: air china is capitalizing on the growing mainland appetite for switzerland and its companies. it is introducing a direct flight from there to zurich. the move follows orders in switzerland, china's chemical corporation purchasing magenta. betty: boeing is ramping up the marketing of a plane, hoping to grain -- gain ground on airbus. they are trying to light up customers. they are said to include united, india's jet airways. 37 uses 5%s the new 7 less fuel. plenty more to come with age first major market open moments away. yvonne: let's bring in sophie kamaruddin, watching the openings in australia, japan, korea. there was a miss on japan's it gdp. >> the nikkei 225 looking to recapture the 20,000 level. the kospi looking resilient even tests multiple missiles. a mixed

the french-based airbus has secured orders for only about half as much.t is ok sing on meeting its delivery targets rather than featuring new sales. a joint venture has racked up a oford 27 billion euros worth orders during this week's show. an arch rival of the british rolls-royce told us he doesn't expect it industry as a whole to be impacted by brexit. >> we are on the worldwide market and were serving 570 customers today all over the world. brexitnally don't think is going to affect the airline in the u.k., but it does represent a business that is to disturb enough the situation. i really believe the air kind -- the airlines and the u.k. will be fine in spite of brexit. kate: we'll have a special edition airing on thursday. laura: thanks very much, kate moody. we are taking a short break. stay with us, more still to come. ♪ 06/21/17 06/21/17 [captioning made possible by democracy now!] amy: from pacifica, this is demomocracy now! >> a special thank to the president of the united states. [applause] amy: in the most expensive congressional race in histo

forward by the defense minister to move german military and the german aircraft from the turkish airbus -- air base, to another one in jordan. this is due to an ongoing spat between germany and turkey. only military and personal technical personnel could travel to the base. tensions have been strained for some time now. around this time last year, turkey was angry as germany recognized the armenian massacre. more recently, relations between and kara and berlin have been framed by the arrest in turkey of the turkish journalist. this has been ongoing for some time. the prime minister travel to ankara on monday to try to resolve the issue of allowing germans to travel there, but it was refused. the parliamentary plan this morning was approved to draw out german military from turkey and move them to jordan. genie: this comes at a critical siege that this new has been launched on the islamic state r raqqa. >> the timing is not great and there are questions about how expensive this will be. soldiers, six tanker jets, whether this is a safe move to move into a jordan, and how much this will di

are part of a plan announceded back in december and they come as competition intensifies with rival airbus. boeing has been reducing staff of the year primarily through buyoutsattrition. >>> hurricane season brings attention to flood insurance. for decades, the program has been run by the government. but that's starting to change. morgan brennan explains. >> private insurers are taking the plunge into the turbulent waters of flood insurance. for the first time in five decades, the companies are underwriting coverage for homes and businesses. mark a potential shift if for a marketplace run by the government since 1968. >> it's a very strong business opportunity. te changed. the industry is much better at measures risk on flood insurance than they were years ago and as a pursuing that opportunity. >> it could growgrow. >> also more favorable regulations. that started in 2012 as a bigger act. the last big attempt to reform the program. >> house lawmakers are now looking to build on that that would make it easier for insurers to compete. a move that could at least in theory, bring down rates a