is it a benefit more to boeing and airbus? -- then to airbus?hat might be one of the scenarios that will play out. zodiac has been taken over by so there is some consolidation in that space. one of the issues here is uts is struggling with its engine that it supplies to airbus, the turbo fan, and airbus may be concerned for this distraction large acquisition. boeing might be looking at this and thinking they are going to be busy with this, we can watch from the sidelines. airbus might be -- >> quick change -- we have run out of time. we will have to save the deal for another time of the morning. thank you, joining us out of berlin. up next, ramping up the rhetoric ,n brexit, theresa may lancaster house 2.0. ♪ guy: show of force, president trump agrees to back billions of dollars of u.s. sales into south korea. but is a military option more likely after the nuclear test story? back to work, the congress returns from its august research -- recess with raising the debt ceiling, harvey relief, tax reform, plus other things on the agenda. how volatil

has airbus ruled out making a bid? say onend: we can never the deal will go through. kind of things need to happen. people talking about closing in a year. i think it is unlikely boeing or airbus would step in because that is they'll buying a significant piece of the supply chain that will create antitrust risk. buyou are bond and by -- rockwell and other people saying, why are we going tobuy? it is possible there is some it doesinterloper but not seem like a high probability the we brought the news of the talks on was a month ago and nobody has stepped in. julie: thank you, ed hammond, bloomberg deals reporter. larry summers explains why slow wage growth is a feeding into middle income anxiety. -- middle-class income anxiety. this is bloomberg. ♪ so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed ac

it could turn a be a bigger problem for boeing that could for airbus.tly said they want the supply base to remain focused on the task at hand. they are ramping up production. they are going to make a concerted effort to make sure they remain on track and improve program production rates going forward. it is a clear concern among the investor and supply base. tom: help us with ge aviation. they have to have a response. look at beleaguered general to the new management and how this ge aviation respond? douglas: they have the task of maintaining a focus on their aerospace business. with the competitive position and that scared now they are going to be dwarfed by this united technologies acquisition. it will behoove them to make some strategic effort here in the aerospace business. guy: this is in the first consolidation we are seeing in the pier 1. where else do you see we could see some consolidation? douglas: up and down the supply chain as bone near continues -- as boeing air continues for improved pricing and increased production rates for the narrow b

will it put pressure on boeing and airbus? joining us is douglas of a bloomberg intelligence.is deal sort of makes sense for united technology? it seems like there's a lot of consolidation in the aerospace industry right now? >> we have seen consolidation pick up steam over the past year and the biggest one in the space recently and i think it makes a lot strategic since, creating the world's largest eversupplier which is $40 billion in revenue which is tops of the ge's at honeywell's of the world for given -- of the world. -- given the opportunity they see peru the question -- they see, and of the question mark, fully valued at the most interesting and the most interesting aspect given the high margins and cash flows. that is another question is the financial aspect. julie: and another question is focus, right? digesting and acquisition and there's been a lot of consolidation and airbus today releasing a statement and undeveloped, not a from -- unveiled, not a threat but a it suppliesn engine to airbus, questioning united technologies ability to keep its eye on the ball while

, is this it is a combination of things. —— both at boeing and airbus. reclaim that energy as the plane coming is —— is coming back into ground. it will generate electricity and recharge the battery. another company is looking at getting aircraft to take off using electricity. it is in the very early days at the moment. thank you. in other business news — full year profits have more than doubled at hotel chocolat — that figure coming in at £11 million pounds. it opened 12 new stores over the year, taking its total to 94. the company behind peppa pig says the release of its first movie is boosting its brand around the world. entertainment one, says the cartoon character's first big screen appearance raked in more than three—and—a—half million twitter is allowing double its character limit for some users. the eu has slapped a huge fine of 771 million pounds on european truckmaker scania, accusing the firm of colluding to fix prices and avoid the costs of stricter pollution rules. the eu antitrust regulators ruled that scania, owned by volkswagen, and five

airbus was a bit more singling. -- airbus was a bit more sanguine.hing like doma's this up. -- like don't mess this up. my colleague made a good point this morning, which was that if during this merger integration they sort of mak mistakes -- make mistakes and there are delays, that will give customers more control. it will be interesting to see how it plays out. the question is what boeing can do. julia: and? >> we don't know. they could maybe go to regulators and say this is anti-competitive. they can look as hard as they like, but whether or not they can action anything is a different question. julia: if we are talking about consolidation, particularly for parts manufacturing, talk about the hurdles. >> the real argument would be that you have now this is a big all under one more liar that would have too much control in terms of what it could charge to the customer base. scarlet: ed hammond, thank you for that update. coming up, as the september trading myths kicks off, we will find -- as the september trading month kicks off, we will find out mor

. —— airbus, which share the aircraft business about 50—50.hey rely on boats in northern ireland. especially with the involvement with the dup. they have some reliance on those voters. but 16,500 people work in the supply chain for boeing in the uk. if it isjobs you are worried about —— worrying about, just remember how many we have in the uk. add to that, the canadian government is threatening to cancel an orderfor government is threatening to cancel an order for military aircraft from boeing. these things get complicated. when you are picking sides in a spat like this, picking your site isn't straightforward. is there a sense that enough is being done to protect those jobs is there a sense that enough is being done to protect thosejobs in northern ireland, are people feeling nervous? it's interesting. because the uk government relies on the dup here it has been very active in trying to resolve this dispute. the prime minister raised the issue with donald trump when she saw him last week at the un general assembly. the business minister, like

business scale backers of the deal usually side european airplane maker airbus as a as a good example where companies from four european countries have joined forces in order to form a competitor to u.s. rival boeing so what we're looking at here many say is an airbus for the rail right but you cannot tell me that there hasn't been any backlash to this there has been backlash of course i mean that has been backlash from french opposition politicians maybe citing that this deal french france is now going to lose the influence over its iconic t.g.v. high speed train something that has symbolized the the french engineering skill for decades and also there's the concern about job losses because the new company targets synergies of almost half a billion euros per year and that usually comes along with job cuts all right christopher from the business thank you very much indeed. now you might not know the name james dyson the man behind me box now james dyson says he's investing almost to an all for you new road into developing an electric car it is quite a leap for the british inventor he's

us aircraft maker boeing has won a long—running dispute with european rival airbus.rsed a ruling that boeing received some state aid to help build its newest aircraft, the 777. however, airbus said "the game is far from over" as other complaints over alleged aid are still to be resolved. talktalk is exploring an exit from its mobile operations, after opening talks with other providers over the future of the business. talktalk been talking to rivals vodafone, 02 and virgin media, aiming to strike a deal in the coming weeks. it's all part of a plan to overhaul talk talk‘s business and focus on fixed—line broadband, as it returns to its roots as a budget internet provider. that was not talktalk, as you might have noticed. first, estonian start—up taxify to go head to head with uber as it drives into london with its taxi—hailing service today. it is fuelled by chinese money. stephen mcdonnell is in beijing. stephen, going on at uber‘s experience in china, i bet it is worried about the move in london? at the moment people probably think in london taxify, how can they comp

you could no longer a goolonger go out, the s office shows up with eightta seniors with a nearby airbus. they literally abandoned them. at the sheriff's office brings them into the dorm and cared for them for two days. they c sacrifices these young people put in. they could have gone back wherever they were from the state and took care of them. we want to thank the great wishes we got from here and around the country.oi this is a storm that impacted us in ways we will feel for a long time and i would ask all of you, to take a moment tonight you can to pray for the island of puerto rico where millions of our fellow americans are stupid, there'll of the most powerful

american company boeing and they've done their quite successfully so now supporters of the deal call it airbus on tracks that's not to say that there isn't some potential concerns and i'd like to raise those we view conrad namely over job losses at these legitimate fears. of course there are legitimate mergers only makes sense if you look for the synergies if you get rid of double production structures of inefficient location of resources and that includes workforce of course but i have to say for the moment there's no talk of job cuts and of significant job cuts and both sides are saying that they don't plan to you know close down factories they are more focused on the opportunities and on the possibilities they have with their combined forces on the world markets where we still await approval from the shareholders and regulators conrad in a frankfurt and europe from the w. business good to have both of your perspectives the e.u. has slapped an eight hundred eighty million euro penalty on european truck makers scandia amid allegations that the company engaged in price fixing and avoiding the

airbus has launched its first wide-body jet facility outside europe. in -- near puts the company in a strong position to chase billions of dollars in potential orders from its aviation market that is forecast to become the world's biggest within the next decade. tom mackenzie caught up with the coo and president of airbus and asked about the pivot to china. >> it is the second big investment because in 2008, we opened the assembly line. since then, our market share moved from about 20% to 50%. so there is a direct connection your capabilities to demonstrate that you care about chinese industry and at the same time, your market access. you have to do that on good products. we see the investment we have made, and we have announced this 75 f3 30's.or tom: they have been invoked. there is this crunch. does that mean the widebodied planes are going to see greater demand. is that what you are hoping for? fabrice: absolutely. continuee market will to grow, but there is a limit linked to the availability. progressively, the allies will have to offer a bigger a

you can compared to airbus. guy: you can. we will see.ll talking to the boss of those businesses midday u.k. time, looking forward to that conversation. maybe we will get in at two to that question. a couple things to watch out for. keep an eye on the european sports market -- sportswear makers. this is after the numbers came out. keep an eye on adidas. take a look at wei. by .2%. a foggy london. this is bloomberg. ♪ what did we do before phones? they save us from getting lost, getting hungry, and getting nervous in places like this. now phones can save us money too. introducing xfinity mobile. with unlimited data for just $45. that's the lowest price out there for one line. and you can get the same price on up to five. see how much you can save when you get unlimited on a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com. guy: we have got about one minute to go into a cash opens in europe. let me show you what we are taking. but for their planning is not exactly a riproaring start to the day. at leas

. >> in one moment the two are pressured by boeing and airbus to lower costs.ing. the tables have turned on this. >> in part because people are looking at this and saying how much will this cut into the margins for boeing. they are -- it's going to be tougher for them to drive down prices with united technologies if this merger goes through. >> what are they referring to when they're talking about exercising contractual rights? isle it customer, competitor what are they doing? >> i think that was a thinly veiled we will find somebody else if we think this is bad for us, but the question remains, it's not a -- there are competitors out there when it comes to avionics. not like rockwell collins has a monopoly out there. i think what boeing is saying is look, we think this is not going good for us. we may find a way to move around with other customers. >> phil, thank you. fascinating story considering it's been unraveling for a month now. >> raveling. >> would you rather. >> i like this game. late in the show. 5:31. >> would, boeing or united collins. >> i tell yo

restrictions.dy the e.u., which backed airbus, has been claiming unfair competition.er cases are still pending. president wills hold a briefing later this morning after approving the resignation of premier. let us get the latest from our bureau chief. good to see you. tell us about the significance of this reshuffle. that theuld say marksure of the premier -- they have been in power for one year now and have pushed through a number of major reforms from .abor tax reform the last of those was tax reform. he thought this was a good time for him to go. were notorms universally popular. they face a lot of opposition from other main political .arties and civic groups the main thing to consider with how do they reset the regional .lections the electorate will go to the poll to elect the mayors and county heads for all of taiwan's counties and major cities. in the face of, you know, opposition today, policy initiatives so far, the government has decided they need to maybe get rid of the premier andprotect the presidency build on that and try to build up support ahead of thos

airbus just had a contract. what the gentleman is talking about would deny the opportunity for boeing to be able to have these sales going forward, costing americans up to 100,000 jobs and keep billions of dollars out of the united states economy. mr. speaker, part of this is people are deeply concerned about the agreement that we made with iran dealing with nuclear weapons which i would note iran to this point has actually dialed down some of the work in terms of halted enrichment beyond 3.67%, limited the size of its uranium stockpile, filled in the core of a nuclear reactor with cement and provides an opportunity for us to do in thing where many areas this region that we have common interest but are doing a dance. what concern i have is that the united states has mismanaged its relationship with iran. how would we feel if somebody had moved to overturn our popular elected government as did with iran in 1953 or we sided with saddam hussein in the brutal war against iran when they were openly using chemical wea

the deal will create an aircraft partner better positioned to withstand boeing and airbus.han 3 billion pounds. with snyderkeover earning 60% of the company. the agreement brings together to industrial software units which would help to design software units such as nuclear power plants. birds -- theangry maker of angry birds is planning a payout ratio of 30% of net profit. that is your bloomberg business flash. are: european companies thinking that headwinds are clipping their results. it is trading near the highest levels since early 2015. manus: the world's second-largest consumer says revenue from absolute vodka and jameson whiskey will be worth less when converted from dollars. --ning us now is june bogart gilles bogaert. you did identify the euro as being a headwind. but my first question is very natural, are you doing more hedging? how far out are you hedged? what is the financial impact of the strong euro on your business and the consequences? euros: the strength of the which is an issue, we preserve -- we prefer to see strong dollar because we export many brands fr

it has been hit in recent years with disputes from its key customer, airbus.evil in legoland. -- upheaveal in legoland. they are downsizing after they posted their first drop in sales over one decade. over 1400 jobs are on the chopping block. reporter: these blocks are a hit with children worldwide. there is hardly a kid in europe or the u.s. who is not played the classic toy. and lego has enjoyed double-digit expansion in china as well. one growth factor, the companies licensing deals with major franchises like star wars. but this year the danish toymaker has seen its fortunes turn south. sales and profits are down, which is why lego is looking to cut staff and shrink its hierarchy, meaning 8% of its employees will have to go. >> we are now aware we have an organization that is too complex. we have learned a lot in the last year. between 2012 and 2016 welcome 7000 new colleagues worldwide. it is too much and too fast at the same time. too many overriding operations. reporter: lego is betting on new film titles and branded computer games as an attempt to adapt

and airbus -- and team colors will begin flying next year. the news continues in two minutes. mi no ♪ because everyone likes easy. sure do. because everyone is on the go. because we all like to save energy, but sometimes we slip up. reaching up. ssssh! because sometimes we want it cool at night, then toasty in the mornings. introducing the easy to use, energy saving, adjustable from everywhere, easy on the wallet and the eyes, nest thermostat e. e is for everyone. >>> another exciting game for the indians. >> just think of it. no team has ever done this.>> there was a tie in there. the new york giants.>> let's talk about the here and now. that is the the indians. 22 victories in a row. no ties. they went about it differently tonight.. looking -- christmas did, early. in the bottom of the ninth inning. alex gordon the gold glove outfielder going after -- instead with the indians trailing francisco delivers a game tying double sending the indian fans to delirium. the bottom of the 10th.>> j bruce delivers the game winning hits. he had a three run homer yesterday. he came over in

the airbus 321 with the giants logo, team colors and image of the golden gate bridge right on the sidet year. hopefully it will help the team, maybe. [ laughter ] alaska will also offer seasonal flights to phoenix for spring training and special vacation packages through its giants vacations program. >>> the oakland a's lost to the red sox, 6-2 and wrapped up their series with boston. pitcher drew pomerantz -- the oakland a's now head to philadelphia for a weekend series with the phillies. >>> the cleveland indians continued with their winning streak, and did so in dramatic fashion. they needed extra innings to beat the kansas city royals 3-2 to extend their winning streak to 22 games now. they were down to their final out of the 9th inning before scoring the tying run. then in the 10th, there was an rbi double to score the winning run and cleveland is now four winds away from matching the longest winning streak of 26 games by the 1916 new york giants. >>> how about those raiders? this sunday they play their home opener against the new york jets and the raiders want to know -- fans wan

earlier police and firefighters surrounded the plane there you can see there you will in a minute an airbus a three twenty at charles de gaulle airport which is prone to fly to london heathrow passengers said on twitter that an individual made a direct threat to that aircraft it's not been confirmed at this point according to the passenger the pilot initially said they were technical issues other passengers were searched before being taken off the jet there's the jet there's passengers coming off they'll be partly heading back on it later so everyone safe there by the looks of it we'll keep you posted but how do we look for marty and kevin know it i'll leave you for now with more pictures of the thousands that last monday in spain's catalonia region thanks for watching. live live . international community continues lee emphasize about one theoretical united iraq as a slogan maybe an approach of the politicians but in reality on the ground iraq is not one and we recognize united and we as kurds are not the ones to be blamed for what is happening in the rest of iraq and the direct wrong direc

ever care competition to the aging single models made by boeing and airbus. but the massive development costs since taken the company to breaking point. meaning it needed bailouts from the canadian authorities to remain aloft. when the body a began making sales in america. sewing attached these bailouts amount it's unfair subsidie. convinced the us commerce department to stop punishing tariffs on the jets. the decision is outraged or to work as well as london as major components for the aircraft a made in northern ireland. providing more than four thousand jobs. but formerly jake and i need to speak. that's what the patient. secretary says the terrorists could affect. purchases from the u. s. company. well boeing is a major around. defense partner of the united kingdom of one of the big winners. from the last. different sarah review. so this is not the kind of behavior that we expect from a long term partner. de y you que and canadada ae working together to try to reversee the preliminary ruling before the u.. s. commerce department's final decision in februa

we reached out to airbus they did respond here's what airbus said.igurations are up to the airlines, not aircraft manufacturers, all commercial aircraft must and do meet the safety requirements established by the world's aviation regulators." the question is, does that need to be updated? that's all. >> i think we got a -- you know, the real issue as was touched on was this idea of a representative sample. and the reality is anybody who's ever been on a plane, you do have, you know, there's an obesity obesity issue in the united states. there are very heavy people on a plane. if you're stuck in the aisle and somebody is weighing 350 pounds plus, it doesn't matter what the requirements are, you're going to be in danger. >> rebecca mcpherson, thank you for joining us a conversation we all need to have thanks, appreciate it. >>> blue bottle will not be following in the footsteps of blue apron its founder weighs in on why the coffee company did not want to go public, when we come back >>> later on "fast money," a top technician says there's one auto name

the airbus a320 was due to fly to london heathrow when officials ordered its evacuation.pected by sniffer dogs. the flight has since taken off. the home secretary, amber rudd has accused borisjohnson of "back—seat driving," following his article on brexit in a newspaper article yesterday. in the a,000 word long piece, mrjohnson revived his vision for a so—called hard brexit. he's been accused of trying to force the prime minister's hand ahead of a speech she will make in florence later this week. earlier our political correspondent chris mason said the intervention had divided opinion among conservative mps. westminster is excited about it. the perpetual question over the last 15 years in politics — what is borisjohnson up to, is here once again and there are theories about what it might amount to. the facts are the prime minister is giving a big speech on brexit in florence in italy on friday. these interventions in public are rare. we have known about that speech a little while. borisjohnson appears with an extensive article, a000 words long. about as long as my undergr

it's going to be on one of their largest planes an airbus 3300.t hold about 258 passengers and 12 crew members. of course we'll be talking with passengers on the plane so stay tuned for that a little while. live from philadelphia international airport f-katherine scott, channel6 "action news. matt. >> thank you katherine. >>> happening today the parx casino in bucks county is hiring hundreds of workers for its $50 million expansion. there are full-time positions both on and off the gambling floor. the job fair runs from 8:30 this morning until 6:30 p.m. at the parx east building on street road in bensalem. you should apply online before attend sewing i -- attending so i posted a link on my twitter feed. >> it's been hot out there. >> it has. >> sick of wearing your summer clothes. >> me, too. >> ready for some fall. >> mine are interchangeable, any season. >> men are so easy. let's take a look right now at storm tracker6 live double scan. we're dry around the region. feels sticky out there, though. let's go on outside. we want to see what it looks

the airbus was due to fly to london heathrow when officials ordered its evacuation.n. i spoke to a passenger on board. i was on the first flight of the day and there was a slight delay. this lasted about an hour. we were told it was due to a technical fault. and then shortly after we were told that the aircraft, it has not moved, it would have to reposition due to the —— that delay. the aircraft moved to the far corner of the tarmac. we then very quickly noticed there were dozens then very quickly noticed there were d oze ns of then very quickly noticed there were dozens of vehicles, five vehicles, and dozens of armed officers which then got out on the ground. they swarmed around the aircraft. the pilot then said calmly that there was a security threat. a direct threat had been made towards our aircraft. we were held on the plane around 15—20 minutes. then we all had to fire loft one by one and every single person, every item of baggage was searched and that took around an hour. by now we are around three hours late and most people had connections from the flight. th

airbus has launched its first wide-body jet facility outside europe in tianjin near beijing. in a strong position to chase potential orders from a market that is forecast to become the world's biggest within a decade. tom mackenzie caught up with the ceo and president of airbus, and asked about the pivot to china. >> it is the second big investment. in 2008, we opened the assembly line. since then, our market share moved from about 20% to 50%. there is a direct connection between your investments, your capability to demonstrate that you care about chinese industry, and your market access. we have to do that with product. see this investment we have ordernd we have got an for 75 a330's. >> and it is the narrow body that will be popular for chinese airlines. there is of course this crunch when it comes to slots at the airport. does that mean the wide-body planes are going to see greater demand? are you seeing evidence of that? >> absolutely. the market will continue to grow, but there is a limit linked to the slots availability. progressively, the chinese allies will have to op

plane has made an emergency landing in canada after an apparent engine explosion the airline says the airbus a three eighty was flying from paris to l.a. when it suffered what was described as serious engine damage over the north atlantic and diverted to goose bay at least fifty people have been arrested in the swedish city of gothenburg during a demonstration held by a far right who are members of the nordic resistance movement fought with came to demonstrate its history far works the group which promotes anti semitic ideas time the march to coincide with the jewish holiday of kapoor one hundred officer and several other people were also injured. the united nations has agreed to start an independent investigation into human rights abuses by all sides in the war in yemen the decision follows weeks of negotiations says twenty fifteen yemeni government forces backed by a saudi led coalition been fighting hooty rebels supported by iran casual play as well jan reports the decision has been described as a game changer the un human rights council has agreed to send a delegation of experts to inves

the airbus a320 was due to fly to london heathrow airport when officials ordered its evacuation.curity of it's passengers and staff was a priority, and they were carrying out security checks as a precaution. i'm sorry those pictures were actually of a police press conference in missouri. my apologies for that. let's hear now from james anderson, one of the passengers who was evacuated from the flight. extra being with us. what happened?” was evacuated from the flight. extra being with us. what happened? i was on the first flight of the day from shore to london heathrow. there was a slight delay. —— from charles de gaulle. the delay lasted about an hour. we were told it was due to a technicalfault. shortly hour. we were told it was due to a technical fault. shortly after, hour. we were told it was due to a technicalfault. shortly after, we we re technicalfault. shortly after, we were told that the aircraft would have to move, have to reposition due to the delay. the aircraft moves to the far corner of the tarmac. we very quickly noticed is that there we re d oze ns very quickly no

french president emmanuel macron has announced he would be traveling to st martin on tuesday on an airbuslies to show that paris is committed to both helping and rebuilding its far—away territories pummeled by hurricane irma. we are going to get the latest now on what hurricane irma is doing. we canjoin our bbc on what hurricane irma is doing. we can join our bbc presenter tomasz schafernaker, who can join our bbc presenter tomasz schaferna ker, who is can join our bbc presenter tomasz schafernaker, who is normally in the warmth of the studio, but is now facing the elements on a balcony in tampa. how did tampa cope right in the path of the storm? well, actually, we are sheltered from the wind here. the eye of the storm is very close, it is actuallyjust passing tampa now. we have had hours and hours of relentless strong winds, andi and hours of relentless strong winds, and i think in the last couple of hours or so we saw the worst of the weather. we were actually outside in front of the hotel where we are stating, observing all of this weather. the best way to describe it, it may not best

the last thing boeing wants is another airbus on its hands and they have been at loggerheads with thems. loggerheads with them for over 15 years. boeing is winning the legal arguments so we will see, at the moment it is first blood in this dispute to boeing. we will get another ruling in february, but it does cast a shadow over the c—series programme and to 4200 jobs in belfast. explain for our viewers around the world why it is important to the uk and in particular prime minister theresa may? given the outcome of the last election? well, that's interesting because there is a real political dimension to this. the bombardierfactory a real political dimension to this. the bombardier factory in a real political dimension to this. the bombardierfactory in belfast a real political dimension to this. the bombardier factory in belfast is ina dup, the bombardier factory in belfast is in a dup, democratic unionist party, and theresa may relies on the dup, the ten mps of them, for her slender parliamentary majority so she will be keen, if it matters to the dup, it matters to the conservative pri

boeing and airbus have concerns about the $23 billion acquisition of rockwell collins.have been squeezing suppliers for discounts and want them to take action to protect themselves if the merger harms its business. this is bloomberg. ♪ yvonne: 7:30 a.m. wednesday in hong kong. cloudy with a chance of rain. similar theme in seoul. 30 minutes away from asia's first major market open. betty: it is 7:30 p.m. here in new york on this tuesday. feels like a long week already. you can see, pretty clear skies today. still latching onto the last remnants of summer, despite it being september. dismal.ets, pretty at the s&p lower almost 1% after coming back on board from the labor day holiday. i am betty liu, in new york. yvonne: i am yvonne man in seoul . you are watching "daybreak asia ." let's get the first word news with alisa parenti. russia's president harris rejected u.s. calls for sanctions over north korea after its sixth and most powerful nuclear test yet. toechoed china's resistance pressure pyongyang into abandoning it its atomic programs. he called sanctions useless an

that this morning, whether you fly local or go into other parts of the world, you are talking at airbusabout who you pick to win that battle. we think that with 1.3 billion people, so many of them wanting to fly overseas, there is a tremendous market for an airline to fly them overseas. what is important is that we bring the cost down so that we can stimulate the fares as much as we can. today the short-haul low cost is 75% to 80% of the market. ,learly for that to happen particularly for an airline like spice jet, we need to bring down the cost. if it goes long haul, does that matter? ajay: there will be more than one that go international with a low-cost run from india. the market is really large. and regulation? ajay: no more so than any other country with regulation markets. with arrangements in the , as you of the airspace know, it's strategically placed between europe and africa. we have our own large consumer base. that makes it ideal for developing a vibrant sector with aviation hubs. that is what we are all working on. anna: are you interested in buying any bit of it? we are to

again, they are boeing, airbus, and they have dominated the industry.is clear is that this to lookcan go quickly how well the companies are doing. boeing is one of the best-performing stocks of the year. in terms of some of the deals that have happened, united technologies did stumble in developing a jet engine that cost them about $10 billion. it was a rocky start. they are already building and $8.6 billion deal this year. deal, a really major pretty big merger for this tuesday session. thank you for that. next, china coming down hard on bitcoin. the strongest regulatory threat yet. the cryptocurrency crashing on the new challenges from the pboc. plus, how trading in hong kong and shanghai gets underway. we will have the session, next. ♪ rishaad: that is victoria harbor. 9:29 here in hong kong. hang seng free market of 2/10 of 1%. monday, gold and the yen. they are still maintaining gains we have seen in recent days, but down to the tensions on the korean peninsula -- later this week, trade data. well.erves as reserve bank of australia, and the current

voicingnd airbus concerns about united technologies acquisition of raw well:'s. -- of rockwell collinsare merger will embark on the biggest production ramp up for single-i'll aircraft, their largest source of profits. emerging from an aggressive effort to slim down with promising prospects in stronger sales. revenue rose 2.5% to $8.2 billion in the third quarter, the first time in five quarters that the business technology provider has beat estimates. andomers are buying storage networking gear, although server demand was slightly down. rishaad: pimlico's total return fund once the world's biggest mutual fund to see is biggest and flow in four years. saw parliamentary net inflows for august of $348 million, not including reinvested dividends. that takes total assets for the fund to $75 billion, the increases the first since 2013 when assets peak at $293 billion. recapping all straight second-quarter gdp data coming in at 1.8 percent, slightly disappointing against estimates of 1.9%. our next guest says we should not take the figure at you. he joins us now from melbourne. david come in

united technologies is already one of the biggest suppliers to boeing and airbus and the deal is set to bolster its power with planemakers. >>> the birds are finally flying the nest rovio entertainment announced i intention to go public listing shares in helsinki it's most famous for its angry birds brand and total rovio games have been downloaded more than 4 billion times with more than 80 million active users i'm definitely not one of them >>> the lego group will cut 1400 jobs in an attempt to simplify its business model the privately held danish company employs 18,200 people. the news comes as the lego group posts a 5% decline in revenue for the first half of 2017 that's the first sales drop in 13 years let's see how jorgen vig knudstorp, the chairman of the board of lego feels about this in your press release you called this a disappointing performance. what do you think is behind this >> thank you very much i mean, i think what we've found through our investigation of this is that, you know, you so often trend towards saying this is the change in the retail media landscape or so

the e.u., which back airbus, has been claiming unfair competition .re still pending. back on the markets, of course, we are waiting when the major market open in a little under 1.5 hours, whether we will see the widespread selling we saw yesterday. let us pull up where the yen's trading, which of course is in the favored currency as a safe haven trade. it has beenan see, strengthening all year long, and of course, also saw that did to the news of the north korean nuclear test over the weekend and continues to see a bid today. let us get more on the currency market with steven dennis, the currency trader and analyst joining us from singapore. great to have you back on again. have seen this safe haven trade. we have seen investors going through gold and particularly into the yen and the swiss franc. yesterday, you had quite a few market participants saying this is going to be a transitory move still. do you get that feeling that safe haven trade is going to be transitory? guest: it is interesting. there is never -- these headline risks are continuing to

. >> when you talk about the trade rolls royce does, sending engines to airbus in france, is there any other way than having some sort of customs union as you see it that would protect against tariffs? >> i mean, there are ways. you can figure it out. as i said, status quo is something that we've all tried and tested it would be helpful to us and our suppliers. a lot of our supply chain is continental europe keeping the status quo from a narrow point of view would be by far the best outcome >> going back to what you were saying about the overall look at rolls royce, where you are today, there's still work to be done what do you think is the biggest objective? >> internally we have had a massive program of new product introductions. that's one of the reasons we had to deal with difficult issues. delivering those dealing with the teething problems, making sure customers get what they want is number one. second is more operational issues, getting cost efficient as new engines mature. i would say our biggest priority is internal. really delivering on the fantastic growth we've had in order

history and creates an aircraft parts giant to better withstand negotiating power from boeing and airbusor pricing discounts. the companies say the aerospace system segment will be combined to create a new unit called collins business systems look at the stock. shares of united technologies slightly lower rockwell collins up 1.64%. >>> still some movement in the share prices interesting to see that. it sort of was already priced in 1.6% for rockwell today. >>> you don't want to miss greg hayes on "squawk on the street" late their morni hayes on "squawk on the street" late their morni this morning a. >>> the north korea crisis continuing to escalate the white house saying all options are on the table to address the threat chery kang is live in seoul, south korea with the latest for us good morning >> reporter: good morning. so a lot of scrumiblie scramblo of world leaders, including the south korean government. we are focusing on that phone call between the leaders of south korea and the united states overnight one visible agreement out of that phone call that the two countries agreeing t

it ran air has multibillion-dollar deals with boeing and airbus and other airline companies. it should be redesignated, it is a breach of the jcp oa. it requires a licensing regime to be set up so the planes are used for peaceful purposes only. sending shiite fighters and missiles to the site is not for peaceful purposes only. to answer your question, i would put it this way, iran does not respect the territorial integrity of its neighbors. both near and far. >> i am 100 percent there. the securities group put out a paper stating most of the boundaries in that region are postcolonial global imperialist breakup and they are arbitrary and stupid. and they do not the intelligent reflect the wishes of the people. if you have got down trees that issues and forcing people to read each other to share a government, why? i realize that kicks over about as many conference tables and apple carts and rice walls as you can. it is worth considering and it would put pressure on the major powers to look at that as the potential next step. >> i would agree with the -- with what was previously

i want to talk about airbus this morning, the pan european oem is being raised. 72.as a target of elsewhereks are trading higher. let's take a look at where we sit in terms of downside. the focus is trading off tencent. astra tradingan to the downside -- british american and astros trading to the downside. truck you call a something you would have in your driveway, but we do not. r you, it is a lorry? in any case, it is very different from the business, which makes the suv's and the awesome volvo station wagons. there are a lot like that, rolls royce, volvo. shares sawtracking some of the biggest outflows -- since article 50 was triggered. here on this chart, i am not just telling you, i am showing you, these are outflows you are saying, the biggest -- seeing, the biggest since article 50 was triggered. us guest is here to help understand why investors are fleeing the continent when it seems the most hope is here where the growth and stability is concerned. welcome to the program. where -- what do you think of these outflows? john: i think they are unjustified. looking at political differen

do you need a bigger aircraft, opting for a bigger airbus or have you considered changing the type of the max air that we have coming in does give us more seats which we -- is good and we look at what is next after 2019 in that order. the aircraft is right for us at the moment. challenges.of the have flagged this for the last 12 months and something has got to give. the past 12 months we have seen that. this is a policy we put in plate when we had a load factor at 82% and the other is in the mid-90's so you cannot accommodate all those bags and we have tried our best and said you need to work with us, too many people have brought to much stuff on board so we are making the change. we think it is fair inflexible and customers are making a saving. we are dropping the price to stimulate more people to say i will put it in the hold. security at airports, more consumers are wanting to put their bags into the hole because they do not want to drag them through the airport and have the security checks. we think it is a fair policy. it will cost us money rather than we make more money. people

it's an airbus 33200. it holds about 258 passengers and 12 crew members. be full this morning. we are live at phl, katherine scott, channel6 "action news." >> katherine, thank you for that. >>> and the american red cross of eastern pennsylvania is looking for a new ceo. judge renee card well hughes is stepping down from the position. hughes' last day is october 19th. the red cross has not yet named a replacement. >> let's turn now to karen rogers and accuweather, it's sticky today. >> it really is sticky. another day of summer-like temps out there. let's show you what it looks like right now on storm tracker. we are at least dry but the air is heavy. feels moist out there with the humidity so high. i want to show you what it looks like outside right now. we've been watch and the skies trying to brighten at 6:38, the sunrise z in -- sunrises in a few minutes but a lot of cloud cover out and about. we'll see some sun mixing with the clouds. the temperature is already 72 degrees but how about the dewpoints? 67. feeling really sticky. a little bit of a breeze

series jet it's basically a competitor with the boeing seven three seven or the airbus a three twenty or a smaller mid-range jet this was their attempt to get out of real financial difficulty that's why governments took such an interest also thousands tens of thousands of jobs in canada are depending on this and not to mention northern ireland the u.k. where even prime minister to resign may has chimed in and said this is a bitterly disappointing decision it's really going to be a body blow to the government if this stands and if the trumpet ministration pushes through with this all right on a lot with. thanks daniel. leader of britain's opposition party says it is the government in waiting in a wide ranging speech at the party's annual conference the labor leader jeremy corbyn accuse the prime minister of quote bungling breck sick negotiations and also criticized saudi arabia for what he described as its cruel war in yemen out of there is gonna be philips has more from bryson even in this age of the political unexpected it's an extraordinary story the apparently an ambitious backbenc

. >> reporter: the san jose police department's airbus ec 120 b has been a dependable tool since it washe oldest law enforcement helicopter of its kind in the nation. and well past the usual life of six to eight years or 10,000 hours. san jose has managed to extend that life with overhauls and council man recaaul says it's b a good investment. >> the benefit for being able to fight crime with a helicopter is so tremendous and having that tool on a daily basis for the officers is a tool that we, you know, we want to have every single day. >> reporter: but air 2 only has about 500 flight hours left before it is no longer safe to use. the department is already cutting back on hours to try to save the $500,000 it would cost for another overhaul. money it would rather put toward a new $3 million helicopter. the city will take up the budget issue next month around the time the chopper will run out of safe hours. >> and it looks like we will probably extend the life but we still will probably be down for a few months of not having a helicopter. >> reporter: so there could be a few months where

aircraft it's a one hundred twenty seater aircraft competes with the boeing seven three seven and the airbus a three twenty it's manufactured partially in northern ireland it's the main private sector employer there thousands and thousands of jobs dependent on it and two reason may is said she's bitterly disappointed in donald trump's america for actually making this decision what has to be said this is a preliminary finding by the u.s. commerce department there's a lot more to do before a final decision is made early next year and the canadians are confident they have ways of challenging this this sort of thing arises all the time in the aerospace industry they think they can get it at least lowered if not wiped out but it is a bit of a blow daniel if i put my old counting the cost hat back on briefly our member body has had troubles in the past what do you think all of this means for and you've pointed it out on the limb a gym major private employer. well the thing to tell you is that probably the americans do have a point i don't think the canadian government or the government of the prov

united airlines is expanding at earlier order for the airbus jetliner, handing them a critical win intle with boeing for the wide-body jet work it. the deal for 45 of the planes which is valued at $14 billion before discounts replaces an earlier daughter for the bigger plane. apple will have to wait until at least 2019 to move beyond next-generation screens for its iphone, according to people familiar with the matter. apple has been hampered by limited availability. korea's samsung is the dominant main competitor in the market. that's your bloomberg is this flash. manus: the jaguar land rover unveils its first full electric concept car today. it comes at a time when automakers are looking beyond traditional diesel and gasoline yield engines. us forompany ceo joins his first interview today. take you very much for joining us. as your business continues to make move further into electrification, tell us how far you think this can go. how big are your plans at the moment? the future in the automotive industry will be electric. in jaguar land rover, we going hybridser a variety of and bat

boeing, airbus, the big players they have the big launch programmes, especially in america it can beteresting time, i think? the boss of equifax standing down at an interesting time, ithink? he is about to face a congressional hearing. 140 million people have had their data hacked. it is very debilitating when this happens to a business and i think it is worth saying there will be a big law change. people catching this programme, you will be phone up any company and say what data have you got on me? they have got nine days to give you an accurate response. the power who is holding what data on us the power who is holding what data on us is about to shift back into our pockets. let's talk about greetings cards and the card factory. losses, they have seen a loss of 14% in their profits. very interesting statement from card factory. this is a business that has nearly 900 shops this the uk. the uk is greeting card mad. we buy on average about 50 or so you know a year which sounds like a huge amount, but what they announced todayis amount, but what they announced today is that have three

they have asked airbus and boeing to create less expensive, more efficient versions of their airlinerscounts to long-distance flights. the boeing carriers said it would be interested in buying a more efficient version of the 747 dreamliner. haidi: german regulators are keeping a close eye on china's hna group. they could come under more scrutiny if buying a stake in deutsche bank. investors must meet eligibility criteria for such investment. hna holds a stake in deutsche similar has had a purchase of shares in alliance. betty: a temporary reprieve from lenders and extension of a facility until the middle of january. there -- noble is struggling to avoid a default. they look to sell their oil business. the chairman expects to have a buyer at the end of the month. amazon is in the hunt for a second home, a massive second headquarters dubbed hq2. chicago and the memphis have raised their hands to play host. the plant will cost more than $5 billion, take 20 years to develop, and employee 50,000 people. no doubt an economic boon for whatever city wins that bid. amazon's native seattle. bett