so it is critical for boeing and airbus to be in that market.clude it, it will put a lot of pressure. having said that, it is not in china's interests to exclude one or the other. they have to foster some competition between airbus and boeing so it can get the best prices for its aircraft. yes, it is a blow to boeing in the short-term. it is under a lot of pressure. in the long-term, difficult to see how boeing will be excluded completely as china tries to foster its own home-grown aircraft. that is a long way yet. on thatngus whitley massive airbus deal. let's get more on president xi's trip to europe. relationships between china and the broader european region -- great to have you with us. and is really interesting in the context that ever since the beginning of president trump trade war, he has been trying to garner allegiance from the likes of europe to push back against the rise of a greater china. is that a sign that xi jinping -- we have the soft, economic power to keep these alliances on our side. >> there is no doubt that president xi i

and major international deal for airplane manufacturer airbus leads our global report today as the european aviation manufacturer seals a deal to sell three hundred planes in china for an estimated thirty five billion dollars airbus says china has committed to paying for two hundred ninety eight three twenty models and ten a three fifty s. with chinese president xi jinping actually signing the agreement in paris where he met with press french president emmanuel mccrone airbus headline making deal brings both injury and insult for us bowling u.s. competitor boeing rather air buses a three twenty is similar to and compares with boeing's troubled seven thirty seven max planes airbus success and the large and growing chinese market forms a striking contrast to both boeing's recent deadly debacle airbus stuck didn't get much of a boost on the news and is trading around twenty twenty six dollars and fifty cents per share the high for the stock was in september of last year by the way at about thirty one dollars per share and incidentally boeing stock which is trading down for the last month is ri

the stock price has already gone down it will do if you look at the stock over the past year both airbus and boeing i mean they've been doing really well the stocks been going up and up and up at the same time it sounds like quality is going down and down and down all these new way of profit with teething problems and a whole lot of that. it's correct that. aligns with doing quite well that particular selling a lot of players more than boeing but also i think strategically boeing us well positioned. because apis has to give up the base we had at eighty and boeing is continuing with the dreamliner aircraft. but as you say i mean unfortunately it's it's common that you are craftsmen to have some societies and problems we have this . hundred eighty and also with a dream and i know. tell me a bit about the long term effects here for boeing and its rival. i think that they will hopefully find the cause of this exit and quite soon i mean in the past they have also found the reason for that these teething problems relatively quick but for that time of course it's it's painful for the airlines b

for a current customer to say i would like to switch to airbus. it would say i will give up the -- three or four years time. i will not be able to get those aircraft for another 10 years time. able tofficult to be manage it in that way. you cannot see a wholesale shift away from bowing toward airbus. it is likely boeing will fix whatever problem turns out to be the cause of the accident. there is some suggestion there is a connection to the lion air crash. we don't know that yet. if there is, that will be fixed. dealt with reasonably quickly. it is hard to see how airbus generates a significant competitive advancement -- veryu can't get out of the easily. really appreciate this support from guy johnson in london. let's check on the markets. emma.n to m a -- classic dow jones all positive at the moment. look at the difference about .2%. the s&p 500 and the nasdaq up over one percentage point. that is all down to boeing. 6%, 6.3%, it was down at the open. it has trimmed those losses quite significantly. for the firstsing time in six days. let's look

from an airbus point of view. i think it is hard to make a read across from the 737 next maxy -- boeing 737 story. get more on this. by the seniornow economist at peak day wealth management. representatives from the u.s. going to beijing to try to get the trade narrative further on. in terms of the importance that has on your models at the moment , the global economy we are seeing in the slowdown, how important is that? >> i think it is important to see a deal between the u.s. and china in april. our worry is that will be terrorists be -- tariffs be removed? this is a complicated deal. we are worried whether it will hold in the longer run. there are complicated issues around inflectional property. it is more than just trade. guy: the trade narrative also represented in europe there is some concern that the president is going to europe and european cars next. the dismal numbers, way below expectation. how much of that fear is already in the numbers? how much lower do you think that pmi fear could go? friday,the wee

airbus over the weekend. couple of cancellations. i believe out of indonesia for boing. any sign there's a competitive threat where airbus is going to win at boeing's expense? >> certainly, there is an opportunity for airbus here to come in and say our planes are safer. we haven't had the same kind of incident the china order that you just mentioned is one chink in boeing's armor for sure. but we think number one, demand for aerospace is so strong that boeing and airbus both are going to be needed to fill those orders and that there's going to be plenty of orders for boeing over the coming years. >> finally, you cover southwest. you mention it might have to recompense airlines. lost about $150 million as a result of this is that going to come out of boeing's pocket? >> they said an $150 million impact, but onethird i estimat is from the boeing 737 the rest is from the mechanic issue. i would expect boeing to have to recompense a good portion of that that's a much smaller number than many were think iing. >> s

actually signing the agreement in paris where he met with press french president emmanuel mccrone airbus headline making deal brings both injury and insult for us bowling u.s. competitor boeing rather air buses a three twenty is similar to and compares with boeing's troubled seven thirty seven max plane stressed to both boeing's recent deadly debacle airbus stuck didn't get much of a boost on the news and is trading around twenty twenty six dollars and fifty cents per share the high for the stock was in september of last year by the way at about thirty one dollars per share and incidentally boeing stock which is trading down for the last month is right around three hundred sixty eight dollars for a share in trading today. and there's been a significant global shift in the right hailing sector as over has bought kareem which operates in a wide swath of the world across the middle east in africa for three point one billion dollars reportedly paying one point four billion dollars in cash and one point seven billion in convertible notes the acquisition is a major territorial cuckoo for provi

actually signing the agreement in paris where he met with press french president emmanuel mccrone airbus headline making deal brings both injury and insult for us bowling u.s. competitor boeing rather air buses a three twenty is similar to and compares with boeing's troubled seven thirty seven max planes airbus success and the large and growing chinese market forms a striking contrast to both boeing's recent deadly debacle airbus stuck didn't get much of a boost on the news and is trading around twenty twenty six dollars and fifty cents per share the high for the stock was in september of last year by the way at about thirty one dollars per share and incidentally boeing stock which is trading down for the last month is right around three hundred sixty eight dollars per share in trading today. and there's been a significant global shift in the right hailing sector as goober has bought kareem which operates in a wide swath of the world across the middle east in africa for three point one billion dollars hoover is reportedly paying one point four billion dollars in cash and one point seven.

that orders could shift more to airbus, but right now, boeing and airbus are producing by the aircraft as fast as they can because the demand is so great and airbus, in the short-term anyway, wouldn't be able to increase capacity enough to offset any airbus cancellations on boeing aircraft, certainly in the next few years. >> if there is a revenue interruption or a revenue reduction that is enduring as we look live at renton, washington wrr where that plane is manufactured and if there is a revenue interruption, at what point does the credibility rating of boeing get called into question >> it is hard to put a specific number on it at this point right now, the key ratio we look at for boeing, for the single rating we have on them is funds from operation and then 2018, about 65% and we've said we would lower the rating if down to 40% so that's a pretty significant amount of cushion. that would be either increase in debt or decrease in cash flow. so we think there's a fair amount of room so it's really, if it's settled the next couple of months, probably not a big issue if we look at som

breaking news on airbus. they have secured a long-awaited multimillion dollar aircraft deal from china. of course, a state visit between president xi jinping and emmanuel macron of rants. now we know that the france, china accord is for 290 of the a320 family and 10 others. china aviation plans to buy 290 family airplanes and 10 a350's. this is as boeing is really from its own issues. boost.ll give airbus a macron says the airbus sale is an excellent signal on the relations between china and france. , how thek about this mueller probe has impacted the market. let's welcome our senior market editor michael regan. some choppy action, not much going on in treasuries. gold got a bit. you say the markets are waiting and seeing post mueller? michael: top of conversation with everyone was with his have an effect on risk appetite particularly. most of the members on the team thought it was a nonissue, that the market didn't really care. there are a lot of analysts on record who say they think it is a risk positive de

lion air may switch to airbus. first 737 max crash.l news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. alix: thank you. boeing responsible for 150 points on the dow yesterday. list of of countries -- countries is getting longer and longer, banning the 737 max. joining me now, benny campbell. when you look at the last 24 hours, how bad did it wind up getting for boeing? >> it is pretty bad for boeing. there's a sense of insecurity at the moment. we know the plane crashed. that's all we know. the data recorder has been recovered. we had that similarity to the lion air crash in october. insecurity is really weighing on the boeing stock right now. today, abit of a slip dramatic fall yesterday. that lion air may ,e switching to archrival airbus. alix: some of these contracts are locked in for a long time. are there some airlines that will have to take delivery of the 737 max if they don't want it? >> it is hard to wiggle out of these agreements. those are locked in. it's n

how political is this airbus deal?illion euros, twice the amount macron promised last year. he made it clear yesterday europe is not just a target for acquisitions. european companies want access to the chinese market. you have the china angle to the story, such a huge contract for airbus is problematic for boeing. we know that trade story between china and the united states continues to unfold. there is no resolution to trade tensions. sending ae also political message. if you want us to be nice, you have to reciprocate. nejra: where does this leave europe in terms of the global trade stage? >> here is the thing. europeans are not naive. there are serious concerns about chinese trade. allegations did not help the chinese government. the european commission will tell you they see china as a systemic rival to the eu. that is very tough language. at the same time, you see europe being squeezed both ways. president trump will tell you we don't get a fair deal from the eu, we don't see the eu as a friend until we get a mor

alix: we are also looking at boeing and airbus. airbus secured a $35 billion deal with china.on, brooke sutherland. it wasn't just that, but also macron hinted they could be in for an airbus order as well. >> the interesting thing is this airbus order has been floating around for the better part of a year. originally it was supposed to be an $18 billion order. it cut airbus off guard and they were like, wait, what now? this has been an on-again, off-again talk. it is really interesting, the timing of this coming to fruition at a time when the boeing 737 max 8 is grounded in china -- is grounded, and china led the way on that grounding. it is considering dropping the 737 max 8 from that list of goods. it is hard not to read this as some sort of slight on boeing, or at least an attempt to send a message of sorts as far as trade conversations go. carol: i thought boeing was getting close to a software fix. brooke: they are still in the process of working on this. it still needs to be certified by regulators around the world. the faa is close to certifying come about regulators in

used market is expanding so rapidly there is so much growth there that the two giants boeing and airbus are having trouble catering this demand as it is. so there is already chinese competition waiting in the wings there is the coal mark c. nine one nine which is a mid-range jet that has been entirely developed and designed and built in china and it is in the final stages of testing now and it does get a boost from beijing because the government has ordered all major jainas carriers to order at least twenty of these planes so yeah if we look at china it is a growing market which boeing and airbus are trying to cater to but are having difficulties because of the rapid expansion as if these have been. the reason to gloat for them. you wouldn't do that on on the competitors just because he's a disease very sensitive case i would say they are obviously looking at this and trying to draw their conclusions and they had similar problems of course already they had similar problems with their planes as well first of all i think you very much thought sometimes even the pessimists get things wrong

nevertheless, the decision has to be done by airbus. decide it is not possible for them to produce in the u.k. anymore, we will have the german government create new spaces in our country. matt: thomas, thank you so much for coming. up next, we will bring you some of the stock movers in this morning's market including ig group which is slumping after reporting lower third-quarter revenue. this is bloomberg. ♪ ♪ to "thelcome back european open." this is where we are on european equity markets. gains being seen. environmental, social, and governance investments, companies have been traditionally held accountable but investors want to add more measures, hence asg investing in impact investors. joining us now from the paris bureau is isabel -- isabel -- milan. if you were to divide up investors you talk to about est investing, how many fall into the category of investing because of their values and how many see it as a way to extract value? isabel: generally, they all want to do both, so do good and do well today globally. $23 trillion are

just breaking some lines coming through on airbus.g willl and xi jinpi discuss a deal at the end of march, according to a french official seeing positive signals for the airbus china deal. the ethiopia prime minister will also discuss an airbus deal. i am still at westminster to carry on the brexit story. manus: quite precedent, these -- prescient, these lines from macron and airbus. no doubt, boeing, the major story in the market. we saw lionair, and what happens next? the markets are trying to chew over what happens next in the brexit debate. some opinion pieces, we know what we don't want, but there's no clear signal what the house behind you does want. so what, sterling gives a nine-month high, and then gives it back. nejra: exactly. parliament voted against no deal resoundingly, so they know they don't want a no deal, but that is still the default option unless there's a new agreement in place that both he u.k. and e.u. can agree to. today parliament votes on a possible extension, but the question is how long? theresa may still s

seals a deal to sell three hundred planes in china for an estimated thirty five billion dollars airbus says china has committed to paying for two hundred ninety eight three twenty models and ten a three fifty s. with chinese president xi jinping actually signing the agreement in paris where he met with press french president emanuel mccrone air bus headline making deal brings both injury and insult for us bowling us competitor boeing rather air buses a three twenty is similar to and compares with boeing's troubled seven thirty seven max planes airbus success and the large and growing chinese market forms a striking contrast to boeing's recent deadly debacle airbus stuck didn't get much of a boost on the.

large and growing chinese market forms a striking contrast to both boeing's recent deadly debacle airbus stuck didn't get much of a boost on the news and is trading around twenty twenty six dollars and fifty cents per share the high for the stock was in september of last year by the way at about thirty one dollars per on three hundred sixty eight dollars per share in trading today. and there's been a significant global shift in the right hailing sector as over has bought kareem which operates in a wide swath of the world across the middle east and africa for three point one billion dollars reportedly paying one point four billion dollars in cash and one point seven billion in convertible notes the acquisition is a major territorial who for providing access to a market stretching from morocco to pakistan while karim certainly seems to have much value for former observers have suggested may have overpaid for the deal. the internal fight over breakfast and british sovereignty is escalated to new heights after the british parliament voted to give itself the parag to voting for alternatives t

airbus has made all of their airplanes fly by wire. boeing has not.re been many accidents with airbus aircraft were automation was a factor. the automation is anything wrong, but the flight crew did not understand it adequately. is a high level of integrity across the aviation community. thed: the president tweeted aircraft have got too complicated. is it possible there's something to that? boon toation is a huge aviation safety, fundamentally because it allows the pilot to focus on what is important and not have to focus on keeping the and one on its altitude its heading. it is a huge boon to safety. in various accidents, like the777 that hit the daikon san francisco, there was nothing wrong with that airplane. it was a beautiful day. the crew did not understand the airplane was not in a mode where it was holding the proper speed. is that the crew's fault? david: thank you, steven wallace . this is "bloomberg." ♪ david: this is "bounce of power." for bloomberg first word news we go to courtney donohoe. courtney: newly released documents give more ins

he did get a huge contract for airbus, it was double the size that the french president had promised. bannedwei hasn't been from europe, but you see the europeans taking a step back from the negotiations and trade deals to say we must be more strategic about chinese money. we have been too naive. and jean-claude juncker in town, saying china is actually a strategic rivalry with the eu. and if you follow brussels, you know that this is tough language. almost like the europeans have taken a step back and realized chinese money comes with some strings attached. jason: trade is at the front of their minds, but i have to think that brexit is also front of mind with all the european leaders there, president macron strong about it in the last day or so. exactly. the french are thinking about the u.k. and macron will say this is up to the u.k. people to decide. if the brexiteers, what they want, it really does not exist. this is a political story they will have to fix. the negotiation is done when it comes to the eu. angela merkel has been much more helpful to prime minister may and she will

airbus having a positive day.afran is a supplier for the 737 max, half of the engine company that makes the engines for that company and it is trading down by 1.6%. look at the volume, it is light today. the white line is where we are today, the blue is the average of the last 30 days. quite the light volume session for the european markets. vonnie: you mentioned boeing. if you take out boeing, we would have a rally in the u.s. we are still higher in the dow jones industrial average, but way the only real drag on the index today, up a third of a percent. and s&p 500 is up 1.2%. we know that there is a deal today with nvidia, up five point --5.8%. apple is also up today. merrill lynch put out 10 reasons why it is buy after a pullback. and the reasons also come with an upgrade from bank of america merrill lynch. let's take a look at the macro murmurs -- macro movers. a nice rally going on around the world. in brazil, up 2.2% after economists upgraded for the fourth straight week 2020 growth. china, we mentioned. the

have to be trained and airbus and boeing had very com plete and airbus and boeing had very complete planes quicker. so the concern is what happens now, whether there is any sort of a fault in the 737 max 8 01’ any sort of a fault in the 737 max 8 or it is another factor which caused the accident. at the moment, we simply don't know. what you make of the idea of china growing —— grounding boeing jets, might there be something else at play given the ongoing trade war between the us and china? yes, it could be simply safety consideration that these two accidents have happened involving new aircraft, or you could be a little bit cynical. aircraft purchases are usually major parts of the trade treaty so china might cynically want to use this as a way of putting more pressure on the united states, or it could be simply that they say it is with the inconvenience to passengers that this will cause in order to protect their safety because right now, passengers might not want to travel on this aircraft. yes, thank you for explaining that. you will stay across this story. the details on what w

macronhave president beam and today because of the airbus contract.de should be a two-way street . europe does not want to become a target for chinese companies. they want to gain access to the market. summit.this a mini e.u. the europeans are very concerned about china and they will describe it as a systemic rival to europe. language signals a shift when it comes to chinese money. francine: how much money are we talking about? maria: in terms of the airbus deal, it was almost double the amount that emmanuel macron promised. the chinese are also sending a message to the u.s., everything that favors airbus is a blow to bowing. -- boeing. you they are tell concerned about some of the business practices and competing on a fair level, but also climate change and huawei. europe is about to roll out the 5g contract and it is worth a lot of money, but the allegations of cyber espionage by the chinese government. tom: maria tadeo in paris. an open question to get the conversation started, does the silk road extend to paris? so to thedo not think extent it exp

airbus secures a massive deal from china. we bring you the latest from paris.adio is live on your mobile device. this is bloomberg. ♪ anna: welcome back to the european open. to go to the start of tuesday's cash equity trading. we are expecting to see, as you can see on your screen, a move to the upwards -- to the upside. blend yields in germany -- bund yields in germany. are we seeing some interesting moves here? stocksationships between and bonds and appetites for both. heavy selling in monday session. talking about m&a. uber has announced a $3.1 billion deal to c acquirea -- to acquire careem. it is one of the most valuable technology startup in the middle east. it has more than a million drivers. and is operating in more than 19 cities. matthew, give us the details of the deal. the transaction we're been following for some time finally reaching a conclusion. at $3.1s valued billion. inr will be paying for it cash as well as options on uber stock. this is coming ahead of uber's ipo later this year. iss deal, the context of it it is an attempt by bloomberg to

have annd airbus incredible record of safety.that two aircraft of downame model have gone shortly after takeoff in five months is concerning. so far, the u.s. has not andnded the aircraft airlines have generally expressed confidence in the plane as you would imagine. anna: good morning. we don't have the details. how damaging is this to boeing? that will depend on whether there are links between this crash and the lion air disaster. >> the shares are indicating down about 70 -- about 7% this morning. boeing has been one of the best-performing u.s. stocks over the last few years. about $100 has billion in revenue estimated to $15 billion in free cash flow and a big chunk of that is expected to come from this plane. it was boeings answer to the airbus workhorse. high volume. 5000 orders on the books. for boeing, it is essential this plane remains in the air and customers have the utmost confidence in it. matt: the shares in boeing are still up more than 20% year to date. we will see how much they followed the open. overhave had a g

french president macron visits china next month to discuss a major order of airbus planes.is in africa winning an airbus contract in kenya and negotiating with ethiopian airlines to sell more airbuses. coincidentally the black boxes from the ethiopian airlines crash are being examined in macron's country. >> the bea which is the french investigation authority which is very good is also part of the airbus consortium. >> it took the better part of a week for ethiopian authorities to get the data recorders to a proper lab. precious days lost during which major decisions were made based on incomplete evidence. >> we have got black boxes that are going to tell us if this airplane did what people may be suggesting it did. >> a source who just spoke to american investigators at the bea tell me that the black boxes still have not been examined or read out in any way. they are damaged. but arguments are breaking out among the various parties that protocols for cooperation among investigators from different countries are being ignored. additionally the accident site itself was ransac

are they going to airbus wait in line seven or eight years for a comparable airbus model or say, boeing, if it has to make a fix, will make a fix if in fact there's something related to this accident that needs to be changed immediately. >> phil, i know the details are still sketchy at this point but is it generally believed that any sort of fix would in fact be a software fix and what happened to the software fix that boeing had been finalizing with the faa shortly after? there has been no fix at all after these crashes? either >> first of all, after the line air crash, the first thing the faa said, they issued a directive to boeing, saying you'll make it clear to your customers that the flight crews need to know how to handle this situation that they might incur in certain situations where they get faulty data fed into the plane's systems. so they did that that's the first thing that happened back at the end of last year at the same time, widely expected we'll see some type of a software fix at some point going into these 737 max 8 models that could further correct any possibilities w

the airbus order has long been expected. stilon givenrns about boeing's backlog suffering now that the max is grounded, street is taking a closer all . phil lebeau, "nightly business report," chicago. >>>winnebago's profits were driven higher. the maker of recreational vehicles reported better than expegted earnings, but revenue fell short on a decline in rv sales. the ceo acknowledged challenges in the industry over the past six month, but said he hopes the market will stabilize during the third quarter. shareses were up at 29.01.l ther fisher plans to buy grammer bio for 1$1.7 billion. the move w furor into theield of gene therapy. the ceo calls bramer a leader in the industry. the shares rose 2%. >>> eli lily disclosed for the first time what it charges wholesalers versus what many patients pay for one of its blockbuster drugs. the patients if pay for its iulin injection fell by about 8% last year. that is paid after factoring in rebates and discounts. the ceo says that disclosure will per trar eer transparency. >>> bioge

how it was a response in part to the success of airbus' a-321 how american airlines in 2011 was abouto place a big order that boeing didn't want to lose and this 7 7 max aircraft became very important to them it's become their best-selling plane. has this been a competitive setback in the last couple of days we've seen china order some airbus planes. is there a longer term threat to boeing here? >> surprisingly, i think we'll see the longer term effect limited. that's in part because we really have two players in the global aerospace industry airbus and boeing. and it's not really easy for airlines to get out of their orders the 737 max quickly became the best-selling aircraft model in aviation history there's more than 5,000 airplanes ordered. and only 376 of those have even been delivered yet so we've got an enormous number of planes to be delivered and only one carrier, the indonesian international carrier has said it's going to try to cancel but it's not easy to try to cancel these planes you have to put a deposit down they've made investments in training and it's not easy to just

shery: exactly, given that the aviation industry, how much of an edge with this gives airbus?: that is the thing. right now, you have two sides battling out for the next generation and both sides have been production constrained. them, they two of have orders for 10,000 of these next generation jets. up, thistrying to ramp has been very challenging. in other words, if someone decided to switch, they would have to wait for a very long time for the airbus decision and in the meantime, they burn more fuel relative to their competition, which can get you in trouble. boeing's crisis also going to be an opening for the chinese jet maker? richard: they would have to move quickly. they do have an equivalent plane the has been in the works for five or six years now. it is going to take at least another couple of years before they can get it to the point where people take delivery and there are a lot of hurdles along the way. their previous jet was something of a failure. there is no guarantee this one won't wind up in the same place. it is a long road for china and there is a good chan

airbus jetmillion orders from the french, also, the chinese halting canola oil purchases from canada.on is that it is linked aweissues surrounding hu cfo, how important has it been for chinese officials to flex their muscles? nick: the airbus deal is a step in that direction, reminding europeans of the importance of the chinese market. they are trying to head off this tougher policy towards china that the eu has been discussing internally. upperhandterms of the in the u.s.-china trade talks, the china says they are playing the long game, outplaying president trump. american say, look at the eco data. we have the leg up. when you crunch the numbers, what are you finding? close to balance. some people in the trump administration think we have the upperhand. there are a number of factors that don't support that. china is not dependent on exports the way it was a few years ago. exports relative gdp have declined. china share of global exports is going down. there economy is driven primarily now by domestic consumption rather than exports. there has been a tendency on the part of a trump a

airbus clinches a huge sale. >> the chinese are saying you have to play nice. >> bond markets send out recession signals as central banks make dovish moves. >> i basically have policy on hold until fall 2020. >> i did not have any rate increases for 2019. it does not mean that i could not change my mind. >> top officials speak frankly about the global rate outlook. >> even when the economy is high, the turning point came of it earlier than expected. >> this is a car that is moving in a predetermined direction at a slower pace. >> it's all straight ahead on "bloomberg best." ♪ juliette: hello and welcome. this is "bloomberg best," your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. let's start with a look at the top headlines. last friday, special counsel robert mueller delivered his report on the 2016 election to the u.s. department of justice, and by monday the attorney general's summary of the findings was causing a stir from capitol hill to wall street. >> president trump claiming victory after the special coun

we have a chart showing sales have outpaced airbus.is complex when you look at the likes of boeing and airbus. it is difficult for airlines who have placed an order with one. we no longer ones that order. we can place it somewhere else. that is going to create a further delay. lion air, the indonesian airline that sever the first 737 crash has been refusing to take deliveries of the 737 and they are considering. david: you cannot turn that around. it takes a while. -- emma.ks to am a next, the debut of our new segment. york, this is bloomberg. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today.

>> i'm not that concerned about airbus. they've fallen behind. they put all their efforts in the airbus 380, a super jumbo jet that nobody wants. i think it's going to take them quite a number of years to calf up to boeing on this. boeing has a lot of orders on this plane. unless we find something catastrophic on the design of this aircraft, i'm not concerned. cheryl: it's a very popular plane, a workhorse of the industry. david, thank you for being here. lauren: more fallout now from the college admissions cheating scandal that is rocking the nation. the university of southern california now says it will review current students involved in the -- it's the biggest scandal for college admissions in u.s. history. any student who has not already been admit offed t added to thes part of the scheme is denied. lori loughlin and her husband are accused of paying to get their two daughters into usc. felicity huffman is scheduled to face a boston judge on march 29th. no word on whether they children will be called as witnesses p. we'll have more on the st

. >>> about boeing in crisis, airbus just announced a huge deal with china. was the first country to ground the 737 max. china a giant market for both boeing and airbus and its important is increasing every day. china will need around 7400 new passenger and cargo aircraft through the year 2037. airbus did not specify the total value of the deal and did not respond to a request from us for further comment. >>> a win for nike in a lawsuit every on the jump man logo for its air jordan bland. the supreme court declined to hear a case brought by a photographer who sued for copyright in-springmenfringeinf. in 1984, the photographer took a photo of michael jordan before he signed a deal with nike. in 2015, he claimed that nike copied virtually every original photo. there is his on the left i believe. and then the marketing on the right. the appeals court up seld theld decision that it was not substantially similar. >>> and "early start" continues with breaking news on obamacare. >>> are you ready to say there was no collusion between the trump campaign and russia in

buyers is biggest indonesia's lion air and they may switch to airbus.x to crash and they are refusing delivery of more planes. u.s. is pulling remaining staff from the u.s. embassy in venezuela. presenceeo says the has become a constraint on u.s. policy. republicans and democrats in congress are joining together in a show of support for nato and the secretary, nancy pelosi inviting him to speed to a joint session of congress. senate majority republican mitch mcconnell is supporting pelosi's move. global news 24 hours a day on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am viviana hurtado. this is bloomberg. tom: much to talk about this morning. we are giving different views on brexit for our global audience. an interestings minister from the somewhat marginal north of england, the shadow brexit minister. this is bloomberg. ♪ francine: this is bloomberg "surveillance." i am francine lacqua in london outside parliament. tom keene in new york. joining us on the green is jenny chapman, shadow

reporting that all flights have been suspended at london possum extensive airport after a airbus aire tonight and the take off a it which is led to the suspension of all flights at the moment at the airport. more on that as we get it. holly hamilton has all the sport. hello. new leicester manager brendan rogers has been talking aboutt why he decided to leave celtic — with them top of the scottish premiership and still with a chance to win the treble treble — that is all three scottish domestic trophies three years on the trot — he says he understand celtic fan's frustration that he decided to leave for the premier league. it all happened very quickly, i was presented with an opportunity that came to me, and of course, then, emotionally, you have to take the emotion out of the decision. and my decision was, after nearly three years, with everything we had achieved, the success we have had. i felt it was probably the time to move on to my next challenge. on saturday, we're set for another el classico — as real madrid look to bounce back from their midweek defeat to barcelona in the cop

. >> similar to airbus is. to turn onsupposed the autopilot.hat is counterintuitive to what a boeing pilot is trained to do. turn off automation and go manual. the cockpits have the euro. -- yoke. i could go on about this. partiese clear to all the track was very close and showed similarly behaved to the lion air flight. jim hall was on bloomberg. he was highly critical of the faa. he called it a huge mistake. it makes the question, does the faa have enough oversight? >> it is going to have a financial element. let's delve into the reputation loss. >> i want to read a comment. ratings, they are not taking ratings action at this time. there are comments coming out of the statement saying it could be a concern for much of 29 team. it is premature to take credit ratings. harshoncerning would be a scenario including an issue leading to length the groundings. negative public sentiment. the ratings agencies are getting involved. a said if there is a correlation, we expect the situation to worsen. delivery delays to sue. -- ensue. >> state angles ther

all of those planes you were talking about earlier they get sold all around the world boeing and airbus are of course great competitors in the u.s. has a major stake in boeing's fortunes so u.s. aviation authorities haven't immediately jumped in here and made the call they tend to be slow to action but if they thought that there was a serious flaw in that plane you can bet that they would ground it so far we have not reached that point but you're absolutely right that boeing has a major effect on the u.s. economy it's one of the companies that presidents talk about when they're talking about u.s. exports and how the u.s. economy is doing boeing has a network of suppliers all of them would be affected by this best selling plane if something were to happen in the production so boeing is going to be anxious to find out exactly what the problem is here because they're going to want to put that problem to bed whether that means going back in to each and every one of these planes and fixing something that is wrong with it or whether that simply means letting the public know about a problem th

and order for three hundred airplanes it's a game changer for airbus giving the trance european aircraft maker a leg up in its never ending rivalry with u.s. competitor boeing china signed the deal during his visit with french president. a move that seems to have caught policymakers a little off guard. together with german chancellor angela merkel and commission president. is cautious about china's multi-billion year old belt and road initiative also called the new silk road project it's aimed at bringing china closer to other partners internationally and making it a stronger force in global trade and paris the europeans made a strong appeal to china to cooperate. we have to have trust in multilateral cooperation and the fact that everyone wins multilateral cooperation does not work if one partner is another partner we have seen that before and that's why i'm a firm believer and convinced it's worth fighting for it. duff it to kim. she responded that the e.u. and china should advance together despite this trust that has recently hidden that progress that includes business with chinese te

trading action other major european indices closed higher accounts leaeading gains here in paris airbus shares jumped about 2% after chinese order for some three hundred of its airplanes. pound sterling rising as the british parliament moves towards a nother series of key votes on brags. wallstreet closed higher as well the dow j jones up about a third of a percentage point on the clothes at the s. and p. five hundred anand nasdaq doing bett. shares of bed bath and beyond sort 26% o on imports that it'sa board of directors could be shaken up. the new figures suggest that violence linked to the yellow vest protests here in france has led to two hundred million euros in insurance claims from businesses and individuals. french insurance federation said state included the huge damage inflicted along the shoreres of these eight tenen days agogo whh affected ninety one businesses. protest movement has been under way for over four months in february government saidid that they had already shade. 2% off the country's economic growth -- you can remember just have really devastating those scenes

take a look at shares of airbus.uge order that airbus announced today. 300 airplanes being ordered by the chinese government you know, they own several of the airlines in that country the book value, $34 billion. now, keep in mind, none of these planes ever sell at book value it's obviously going to be at a huge discount down the road, but that's what's going on with shares of airbus after announcing a huge order from china. >> phil, thanks very much. phil lebeau following it for us. as i mentioned, was the best performer on the dow earlier check, please! is next measure up? a cfa charterholder does. you've worked hard to grow your wealth. make sure you're working with a wealth manager who can grow with you. cfa charterholders have the investment expertise to unlock opportunities other advisors might not see. learn what a cfa charterholdr can do for you at therightquestion.org lies beyond the tech sector. it's about technology transforming every sector. ♪ at pgim, our bottom-up approach uses a technology lens to iden

quite honestly and tell now everything that's dangerous they put your life back into airbus jamie finch former n.t.s.b. director thank you so much shame appreciate you happen is always. present hardball scenarios in washington this week for meetings with president donald trump mr ball scenario is currently intent on playing up the similarities as means of an ingratiating himself to mr trump he was interviewed on fox television earlier today mr boston area however went on air shortly after journalist glenn greenwald cited the growing scandal around mr balls and arrows links to the suspects in the assassination of after a brazilian l g b t in feminist leader marielle franco the juxtaposition made it impossible for fox to avoid posing questions on the explosive scandal to mr balls to narrow the brazilian president also alluded to a shared agenda with mr trump in venezuela writing on two. twitter quote brazil and the us pose a threat to those who defend tyranny and somewhat less controversial news it was announced ahead of the ball scenario meeting today that brazil has eliminated a diesel