and staying in the aviation sector happy birthday to airbus the pan-european titan has just turned 50 but the celebrations were decidedly low key along with so many successes the aerospace company has also had its fair share of flops. for a global industrial giant this was a rather low key anniversary party airbus celebrated its 50th birthday with a company picnic employees got a souvenir key fob and free ice cream and there was a fly over. to celebrate 5 decades for the pan-european aircraft builder which was created in 1909 by german and french politicians. airbus is now headquartered in the netherlands with major production sites in france germany spain the u.k. as well as china and the u.s. the company employs some 130000 people and has built 12000 commercial jets so far in fact it's best selling its $320.00 is in service so much one of them is landing somewhere in the world every 2 and a half seconds. one dominant theme runs through the history of the company its competition with american plane builder boeing the rivalry between the 2 aircraft makers has propelled both to major i

airbus still i think can't seem to catch a break what's happening that no with airbus i mean their problems are more internal so when you look at airbus it's about efficiency it's about profitability it's about trying to catch up to boeing and what boeing does right and that's it pushes out lots of planes and it does it efficiently air bus has a big issue with doing that now airbus has a new generation of planes everybody seems to like that would be the a three twenty neo there's demand for but they just can't seem to catch up with the demand so looking at airbus right now even with the awful situation that boeing is in they just can't seem to take advantage of that and how are the issues that both companies play out in the stock market. stock market oh it's funny we look at the pattern here we have a graphic for you you know it's pretty similar what's happened in past month of these companies i mean the really not you know the things are changing that much you can see the waves going up and down now today we're looking at airbus they're hovering around thirty two dollars and seventy cents

airbus is now headquartered in the netherlands with major production sites in france germany spain the u.k. as well as china and the u.s. the company employs some 130000 people and has built 12000 commercial jets so far in fact it's best selling its $320.00 is in service so much one of them is landing somewhere in the world every 2 and a half seconds. one dominant theme runs through the history of the company its competition with american plan builder boeing the rivalry between the 2 aircraft makers has propelled both to major innovations but the times has also cost them dearly for airbus the a 380 a direct competitor to boeing's dreamliner became the company's biggest corporate failure the 25000000000 euro program was scrapped last year after airlines lost interest in the supersize jet and its anniversary year airbus seems more focused on its future than its history among the challenges the company faces are changing every asian market environmental concerns new technologies and brags of. business or. rock n roll. with. by the church. i know that. feeling that you feel when you fight.

can airbus take advantage of the problems boeing is have?been sold out of its production line for the next few years, which makes it difficult for them to capitalize simply because they don't have the space. is maybe withon enough pressure, customers who are looking for a replacement, whether that would be enough to persuade airbus to increase production rates. ♪ theesla shares rallying on electric carmakers plan to raise $2 million in debt. are they pretty much in line with what everyone was expecting? >> i think that's right. that thengly hinted first earnings might make sense and i think what he said was it makes a lot of sense and i think cash wasf stock and probably welcome news for investors. they have a debt payment due in november, they are trying to get production up and running in china, they want to do things in europe and work on the model y, which is the crossover suv that will be important to the brand. they have cash needs, and the cash burn hasn't been terrific of late. happy thatestors are they know what the plan is now. ♪ >

planes have technical problems there as well and russia is still trying to compete with boeing and airbus maybe resell say after what we've seen today or what russia lost trying to compete with boeing and airbus and mia quickly if you can what's the current situation now at sheremetyevo airport. well right now you should expect delays maybe close allas but it's a huge it's it's a huge airport so i think tomorrow tomorrow afternoon everything should be back to normal and to me as i've sought out for us in moscow staying on the story thank you so much. israeli prime minister benjamin netanyahu says he's ordered the army to keep up what he calls massive strikes on palestinian militants he said the air raids are in response to rocket fire coming from the gaza strip the leader of hamas says his group doesn't want a new war with israel and the violence has already claimed lives on both sides of the border so far at least twenty three palestinians and four israelis have been killed. over the last one hospital in gaza palestinians more on that date. the. funerals were held for a pregnant woman an

can airbus take advantage of the boeing problems?as been sold out, the productions line full which makes it difficult for airbus to capitalize because they do not have any space do get . -- to make new aircraft. but customers interested in looking at airbus as a replacement for the 737, could it persuade them to increase production sooner than planned? >> tesla shares rallying on the electric carmakers plan to raise to billion dollars in debt -- $2 billion in debt. are these numbers in line with what people expected? he strongly hinted this in the first quarter earnings call when he said it may make sense. i think what he meant was it makes a lot of sense and we have a $2 billion in capital raised, i think the mix of stock and cash is probably welcome news for investors. this is something tesla -- they have a debt payment due in november and they want production up and running in china and do things in europe and work on the model y, the crossover suv which will be important for the brand. and thee cash needs cash burn has not been t

airbus a bigger gainer, in points and size. of thed roche, biggest on the stoxx 600, rising this morning helping to boost the index.- allianz out with earnings that beat estimates, rising right now 0.2% -- 0.6%. decent sized company, 83 billion euro market cap. vodafone on the downside. down at the moment 1.5%. notr popping up as a loss, as bad as what we saw on tradegate, but down 5% still after a judge awarded two plaintiffs $2 billion in roundup suit, saying it caused the cancer they had. after the for bayer, $63 billion purchase of monsanto. anna: let's talk about the big picture and where we are. european equity markets opening higher, u.s. futures advancing after president trump said he had a feeling talks with china will be "very successful." , great to get your insight this morning. do you feel comforted by trump saying he thinks he will get success, that he will know in 3-4 weeks meeting xi at the g20, or do you feel despondent by this very fast escalation? >> what really concerns me is the rhetoric inside china, which

can airbus take advantage of the problems boeing is having with the 737?problem is the max has been sold out. its production line is full for the next few years, which makes it difficult for airbus to capitalize, because they do not have the space to offer new aircraft. but maybe with enough pressure from customers, customers who are interested in looking in a potential replacement for the max, whether it could be enough for airbus to increase their production rates sooner than planned. >> tesla shares rallying on the electric carmaker's plan to raise $2 billion in debt and stock. are these numbers pretty much in line with what everyone was expecting? >> yes, that's right. first, he absolutely strongly hinted this in the first quarter earnings call, when he said it might make some sense. i think what he meant was it makes a lot of sense, and here we are, with $2 billion in capital raised, i think the mix of stock and cash is probably welcome news for investors. but this is something tesla needs -- they have a debt payment due in november and they are tryin

they work exclusively with airbus.at the neo-long-range and the a320 one xlr, which has yet to be released. 36% of the revenue comes from asia and then it comes down the line. all in all, a net positive. despite the price reaction today. vonnie: take a quick look at u.s. markets now. 90 minutes into the trading session. it is a lower session once again today. 1.7%.sdaq is down this is bloomberg. ♪ >> 30 minutes left in the european trading day. the europeanis close on "bloomberg markets: european close," i'm vonnie quinn. looklondon doesn't disproportionately down. it.ks taking european commission earlier on downgrading forecasts around europe but particularly in germany. trade, certainly a story. i was told earlier this week, the market would breathe a sigh of relief. yen is the bid. european stocks, we are watching the news on brexit. there is a critical meeting starting around now between the labour party and the conservative party on

the world trade organization and, what happened with airbus, subsidies.'m trying to understand, the gist of what you wrote here, are you saying that the right way to do this is go through the world trade organization? >> it doesn't have to be the world trade organization as currently constituted. there are a lot of things we would like to improve its functioning but the basic issue you have a multilateral approach with a third party that looks at the facts says, that is not fair. the airbus subsidies were not fair. there is process laid out, rules, these are rules that the u.s. congress signed on to. we joined the wto you follow those rules. at the end of the day there is the chance there will be tariffs imposed on e of the products but they control their destiny. if they stop the practices, got them in trouble, the tariffs go away. that is really different situation we find ourselves with the china negotiations. they stand at polar opposites how you go about doing this? charles: the thing that strikes me, our complaint, we filed a lawsuit with wto on air

reporter: the 737 max was reportedly rushed to market after airbus surprised boeing with a new plane.w aircraft, boeing updated the 737 with larger engines that needed to be placed further forward on the plane. that meant the aircraft could pitch upwards in some circumstances. to compensate, boeing developed an -- a software fix. system rely did the on just one sensor with a record of malfunctioning, boeing did not highlight the new system to faa or pilots. despite the major design change, this was fundamentally the same plane as the 737, so the recertification process was speedy and costly additional pilot training would be minimal. the faa took boeing at its word. >> they make changes in 2005 effectively-- that pushed the certification process over to the manufacturer. there is very little evidence boeingowed bowing -- testing of mcas. reporter: the challenge is to reestablish the credibility of faa and boeing. >> i cannot fully say the --craft reporter: some wonder if the economic importance of returning the plaintiff the skies will drive a swift recertification. >> the duopoly bet

>> i think airbus is similar to boeing. players in the industry, airbus and boeing, they're both equivalent in my mind and -- lauren: i find it interesting that you used to work at the faa, you're a pilot yourself and you say you trust boeing more than you trust our regulators. >> well, boeing is a 102-year-old company. if you look at their stellar track record of producing airplanes, it's perplexing how good they are at what they do. i was a former faa safety team representative. the faa is aware of how good boeing is and the self-certification process really is -- it really does good for the manufacturing of airplanes. lauren: did it fail in the two instances involving the lion air crash in october and the ethiopia crash in march where there was an issue with the sensor and we found out on sunday, the wall street journal broke this news and boeing admitted it, that they knew about this sensor issue, which basically caused the plane's nose to push down so the plane was falling instead of flying, that they knew about this i

airbus have taken a majority sta ke plant.ft now known as the eight to 20, formerly known as the eight to 20, formerly known as the cseries passengerjet. a thousand people work in belfast making wings for that aircraft. it was always quite a challenging project, but airbus bought a majority stake in it and now the future of the project is looking pretty healthy with an audiobook stretching into the hundreds now. you're watching afternoon live. these are our headlines: former defence secretary gavin williamson stresses his innocence, after he was sacked over a leak from a national security council meeting. a report commissioned by the government says the uk should become a world leader in tackling climate change by cutting greenhouse gases to almost zero by 2050. canadian aerospace firm bombardier is putting its belfast operation up for sale as part of a reorganisation of the business. also coming up: pets not politics — as voters take part in local elections across england and northern ireland — the twitter hashtag #dogsatpoll

against the biggest jets a regionaljet, designed to compete, not against the biggestjets made by airbusoeing but against claims made by bombardier for example, airbus and boeing but against claims made by bombardierfor example, from canada, embraer from brazil, made by bombardierfor example, from canada, embraerfrom brazil, anyone who has ever flown on planes that have 70, 90 seats, this is designed to compete against those. this is not gotten much traction outside of russia, if you look at the airlines have ordered it. aeroflot has the majority of them in the world, there is one mexican airline that took a dozen of them and it has already been phasing them out of its fleet because of the liability issues and it sort of felt up until now anyway that they were safe but not as reliable as other aircraft, just too much time on the ground, too hard to get parts for the aeroplane. so as you look at the world right now, there has been questions over whether manufacturers from places like russia and china could get some traction because of what has happened to boeing recently. an issue like th

airbus has celebrated its 50th anniversary with an airshow in toulouse.te cloudy weather conditions, the compa ny‘s jetliners and the french patrol display team gave a spectacular performance. on may the 29th, 1969, airbus was launched at a meeting between french and west german ministers in a bid to revive the struggling post—war aircraft industry. the philippines is due to ship 69 containers full of rubbish back to canada today. the disagreement started back in 2014, after the philippines found out canada had delivered household waste, rather than recyclable plastics. president duterte accused canada of turning his country into a "dump site" and the philippines recalled its ambassador in the escalating row. so the tonnes of rotting rubbish that have been sitting in subic bay, a former us naval base, for the past six years, are finally set to be shipped later. let's speak to howard johnson, who's there now. give us an update on the 69 containers, what is happening with them? today we are seeing that these containers will ship out later today. they have b

the 737 max was reportedly rushed to market after airbus surprised boeing with a new fuel efficient plane in 2010 instead of developing a new aircraft boeing updated its 737 model with larger engines that needed to be placed further forward on the plane but that meant the aircraft could pitch upwards in some circumstances and lead to the storming to compensate boeing developed a software fix em cas all the maneuvering characteristics mentation system however not only did the system rely on just one sensor with a record of malfunctioning boeing didn't highlight the new system to the f.a.a. or to pilots part of being sales pitch was that despite the major design changes this was fundamentally the same plane as the 737 so the reset of occasion process was speedy and costly additional pilot training would be meant. the f.a.a. took boeing at its word they made changes in 2005 that affected lee handed over all the certification process to the manufacturers and i think you know there's there's very little evidence that shows that boeing in any way to gauge any kind of robust testing of m.p.'s th

airbus has celebrated its 50th anniversary with an airshow in toulouse.loudy weather conditions, the compa ny‘s jetliners and the french patrol display team gave a spectacular performance. on may the 29th, 1969, airbus was launched at a meeting between french and west german ministers in a bid to revive the struggling post—war aircraft industry. the us special counsel, robert mueller, who investigated russian meddling in the us presidential election, has insisted that his report didn't clear president trump of acting illegally. let's get the latest from our north america editor, jon sopel. morning. washington is a city where people race to be in front of a microphone. but for two years, special counsel robert mueller has chosen silence while he completed his report on russian interference in the 2016 presidential election. that changed dramatically today, when he almost flatly contradicted donald trump's assertion that he'd been completely exonerated by the special counsel investigation. listen to what he has to say on whether the president obstructed jus

and all airbus fleet. at what point do you think your survey results could translate into the buying patterns of the airlines >> well, we're going to have to see what the consumer reaction is to the airplane once it goes back in service. i think it would take an extended period of time of avoidance out of the flying public for this ultimately to matter that being said, you know, we've already looked at the backlog, the airlines that ordered on the 737 max. there are a number of airlines that we've identified that are overordered, even before all of this happened and we think could take the opportunity of this to, you know, potentially to reduce the order book while there are airlines that certainly need the airplane, we think there are a number of airlines in the backlog like today that don't need as many maxes as they've ordered. >> it may not be in your wheelhouse but does the ceo muilenburg survive >> i don't want to comment on that right now i'd rather not on that >> do you not have an opinion or they'

the 737 max was reportedly rushed to market off to airbus surprised boeing with a new fuel efficient plane in 2010 instead of developing a new aircraft boeing updated its 737 model with larger engines that needed to be placed further forward on the plane but that meant the aircraft could pitch upwards in some circumstances and lead to the engine stalling to compensate boeing developed a software fix em cas or the maneuvering characteristics or mentation system however not only did the system rely on just one sensor with a record of malfunctioning boeing didn't highlight the new system to the f.a.a. or to pilots part of being sales pitch was that despite the major design changes this was fundamentally the same plane as the 737 so the reset of a cation process was speedy and costly additional pilot training would be minimal the f.a.a. took boeing at its word they make changes that you $1005.00 that but that did lee handed over all the service station process to the money back. and i thank you. you know there's there's very little evidence that shows that boeing is in any way gauging an

what do you have on airbus?ia: this is an airline that is in talks with airbus for new plane owners. indigo wants to grow. they will need more planes and that means an order in bulk. he could not give a precise number but it would be big. anna: thanks very much. the run-up tor the open. ♪ the: a minute to go till start of cash equities trading and let's look how the markets are positioned. we saw some weakness through on the chinese currency. some of that has been undone and we are fairly flat. this is the picture on wti crude, stronger on the crude prices. 300, we got the chinese equity markets bouncing a little this morning. we see diversion performance in asia, the nikkei down 1.5% but it is playing catch-up. market catching up, so not getting a clean read through from asian equities as to europe. let's look at the futures because we will not get a clean picture in europe either because the ftse 100, also playing catch-up. futures down .5%. dax and cac futures both fairly flat. waiting for more clarity around

you are a big customer of the airbus a321.n you say about that relationship and future plans? jozsef: we have 260 aircraft on order with airbus to be delivered between now and 2026. i think we are in an extremely good strategic position to ensure supply of aircraft for meeting demands in the marketplace. i think the whole industry is delivering.ith airbus is also having some problems. nevertheless, we are very well-positioned with the best aircraft to be flown. we have the best aircraft on hand. bringing a more efficient environment to the consumer. matt: thank you so much for your time. jozsef varadi, ceo and cofounder of wizz air. up next, global equities lost $4 trillion in value this month. some say it is down to the trade war, but what about the old go away?ll in may, we will talk about what is really knocking stocks. this is bloomberg. ♪ welcome back to "bloomberg markets," this is the european open. we are 21 minutes into the trading day and we are looking at an all-time low that bonds will set in terms of yields at the

profits at european airplane maker airbus fell eighty six per cent during the first quarter of the year that's true to a number of factors including the ending of the a three eighty super jumbo program after years of losses the german government suspension of defense exports to saudi arabia resulted in a one hundred ninety million euro loss. high rollers pro players champagne and convertibles those are some of the things that come to mind whenever monaco is mentioned but now europe's gambling capital wants to bet big on something else sustainability that is. monaco is pretty but it's also bursting at the seams a building boom is to blame almost forty thousand people live on a tract of land measuring two square kilometers. at the palace at the rock of monaco prince albert the second is using rapeseed oil for heat he says if all the buildings in his principality were heated with rapeseed oil monaco could slash c o two emissions by half. especially in the past few months all the measures we've been putting in place are due to our objective of honoring the commitments we made to the paris c

people having died in the airbus accidents. and immediately president trump took action like within a week and grounded that because of safety for the u.s. citizens. what is your thought about how safety and protection can happen for our grandchildren? a lot more of them are dying than people on airline's? -- airlines? sen. booker: [indiscernible] last week i enrolled a plan [indiscernible] feel very strongly about. [indiscernible] it covers everything from lead in the water [indiscernible] environmental safety, opioid addiction, [indiscernible] so one of the things that is frustrating to me is how much we talk about -- my mom with me today, [indiscernible] >> gun violence, what are your views on restricting gun usage, like australia or new zealand immediately took action. sen. booker: i just rolled out the most ambitious [indiscernible] comprehensive plan that involves everything from gun legislation to background checks, making sure we have one hand gun -- assault rifles. i had a young man killed on my block. i turned 50 week

people having died in the airbus accidents, and immediately president trump took action like within a week and grounded that because of safety for the u.s. citizens. what's your thought about how safety and protections happen for our grandchildren? a lot more of them are dying than people on airlines. [inaudible] last week i enrolled, rolled out a plan -- [inaudible] feel very strongly about. and child safety is -- [inaudible] becomes everything from lead in the water -- [inaudible] environmental safety, opioid addiction -- [inaudible] so what of the things that's frustrating to me is how much we care for children, but you know, my mom was with me today, -- [inaudible] >> so with regards to gun violence, what are your views on restricting gun usage, i mean like australia or new zealand immediately took action. >> i just rolled out one of the most -- gun safety plans. [inaudible] if you look a comprehensive plans that involve everything from gun legislation to background checks, closing of the loopholes, making sure we are banning assault rifles. about a week ago -- [inaudible] a young

it was meant to be the latest answer to the competition from europe's airbus. deadly crashes in just five months forced global aviation regulators to ground the 737 max. it's anti— stall system was identified as a common factor in both accidents. boeing says it is close to fixing the software, and there have been reports that boeing rushed the plane to market to fast and that it knew of problems with the mcas system before the first plane crash. in an interview with cbs, boeing's ceo said the company remains committed to safety. we can't change what happened in these accidents but we can be absolutely resolute in what we are going to do in safety doing —— going forward. we apologise to the families affected, and more broadly to the travelling public. confidence has been affected. for people who are scared. we have impacted our customers, we regret that as well. so we are stepping up, we are taking responsibility, we know we have improvements we can make and we will make those improvements. we are committed to safety for the long run. the primary focus for boein

the american plane maker beat out rival airbus, which had proposed the a350 for the hotly contested dealh has previously mentioned a goal of flying auckland—new york non—stop, theoption to switch some aircraft to the longer range 787—9s. huawei's founder and chief executive ren zhengfei says retaliation us president donald trump is continuing his visit injapan with a meeting with prime minister shinzo abe and trade is expected to high on the agenda. let's go to tokyo now, where hywel griffith is following the story. hywel, welcome to you. they have done the golfing and the sumo, now it's time to get down to business. what do you think is going to happen today? absolutely, and with donald trump it's about brokering a deal, he wants a new deal with japan. he says the us‘s trade deficit isn't a cce pta ble says the us‘s trade deficit isn't acceptable so things have to change. what are they actually going to talk about? part of that will be the japanese car industry and its presence in the us. last week donald trump was saying how foreign cars area trump was saying how foreign cars are a thr

luxury car segment today is 11 aspect of careful pruning in growing the other one is the divestment of airbus. so clearly another sign of focusing the group on look in the luxury car segment and after all this pruning is now a good time for that such a to step down. i think now it's perfect time to step down maybe well it's always up for debate when when it's the perfect time to for a successor to come in but definitely now is the time to do that i think when it touches started. well it's leadership of. in 206-0007 the car industry was in quite a different shape at least back then we all agreed with the car wars we all agreed with the luxury segment looked like and we all agreed with competition but like i think all of these questions now need to be answered afresh i'm not quite sure we do have good answers for the question who will achieve the next 5 to 10 years actually looks like so we need fresh ideas and for that we need fresh leadership and for that think. time is really no no well the such a success kalandia maybe has the answer is reportedly is a strong advocate of plug in hybrids he

jakarta in indonesia forty five people were killed russia's trying to compete with boeing and with airbus moscow had several attempts to sell the su closer project one hundred two foreign conflicts for example to mexico but the planes have technique had technical problems in mexico as well. so what's the current situation at sammath they have our airport now. right now you should expect delays we are not sure whether those delays are going to be only just for couple of hours maybe for days but great knowledge couple of place planes are coming in should image europe is a huge airport they had several terrible notes so only one terminal you should only expect delays at one terminal and i did have is made on site and moscow for us thank you so much. israeli prime minister benjamin netanyahu says he's ordered the army to keep up what he calls massive strikes on palestinian militants he said the areas are in response to rocket fire coming from the gaza strip and hamas has made a similar vow the violence has already claimed lives on both sides of the border so far at least fourteen palestinians

it was meant to be the latest answer to the competition from europe's airbus. just five months forced global aviation regulators to ground the 737 max. it's anti—stall system, or mcas, was identified as a common factor in both accidents. boeing says it is close to fixing the software, and there have been reports that boeing rushed the plane to market to fast and that it knew of problems with the mcas system before the first plane crash. in an interview with cbs, boeing's ceo said the company remains committed to safety. we can't change what happened in these accidents but we can be absolutely resolute in what we are going to do in safety going forward. we apologise to the families affected, and more broadly to the travelling public. confidence has been affected. for people who are scared. we have impacted our customers, we regret that as well. so we are stepping up, we are taking responsibility, we know we have improvements we can make and we will make those improvements. we are committed to safety for the long run. the primary focus for boeing is getting the 7

down undertion went the canadians and they were sold to airbus. it happened in the world that there are two big companies, airbus and boeing. we ended up having a partnership new boeing to face the industrial organization in the sector. this just shows that we have a aerospacebrant sector. the discussions and the agreements with the u.s. have that expand the sector are more related to space. we have very good space that is close to the equator and cheap to send satellites from there. we are creating an environment where all of the suppliers can also be there. using the technology that we already have, the fact that this will be one of the most competitive areas to send the legalnd environment that we have created in the clearance -- and the clearance from the u.s., i am confidence that this will be an attractive area for new investment. it is great to pilot -- to privatize, everyone is fully committed to that. it is even better when you have a whole new sector open up because we have the right legal environment, revelation, and openness to all par

and 0neweb — backed by virgin boss richard branson, airbus and japanese tech giant softbank — is already0 satellites in february. so the market is getting crowded. but so is the low earth orbit where the satellites will operate. colliding with space debris is becoming a real threat — as our science reporter rebecca morelle explained earlier this year. space is becoming increasingly cluttered. it is estimated there are now nearly 8,000 tons of debris, with 800,000 pieces the size of a marble or bigger, and each piece has the potential to do some serious damage. in 2016, this crack in the window of the international space station was thought to have been caused when a tiny fleck of paint hit it. that was rebecca there. mark mahaney is an internet analyst at rbc capital markets. this issue of debris and space, it is not without logistical challenges, is it? there are many challenges, is it? there are many challenges involved but there are also many demands. if three or 4 billion people are uncovered by the internet then there are 3 billion who are and what these tech titans are seeing is a

and they will be exploring other aircraft order options, perhaps by boeing's largest competitor, airbusin response to this ongoing grounding. . some expected it to lastjust this ongoing grounding. . some expected it to last just a few weeks but now we are a few months later and there's no end in sight. any chance we will see them trying to bring the plane back at least in america? us airlines appear under the impression it will flying around august, but will that be shared by their counterparts to permit european airlines to operate it as soon european airlines to operate it as soon as european airlines to operate it as soon as august? that seems unlikely. we've seen this the alignment between the faa and its counterparts around the world, especially china. —— the alignment. china did it before boeing, the us and the faa agreed to ground them. this is what i don't understand, there is no consensus between the us, the chinese and the europeans. surely they need passengers' interests at heart? this is unprecedented, where we have seen the breakdown in relationships between the faa and eur

>> airbus is backlogged by about 5,000 planes, boeing is backlogged by about 5,000. it would take a long time to get a brand new plane. that doesn't mean they couldn't decide they're going to buy or lease another plane, a different model on the market somewhere, but it means a lack of confidence in the airlines right now. we ran a special on cnbc where the pilots' union captain for american airlines, i said to him, is there a confidence problem now with passengers and this plane? he said, there's a pilot confidence problem. that's the problem. so by the way, boeing has now postponed yet again when it's going to submit to the faa that software upgrade. now they're talking about may 23rd. this is supposed to happen at the end of april, the first of may, now may 23rd, they have to convince the world regulator that this plane is good to fly. >> others did it prior to the faa doing it. if you're scheduled on a 737 max 8, probably now through the end of summer, you probably won't be on it. >> if you are scheduled on one throughout summer vacation, you will not be on a max.

are purely economic and that it wouldn't be right -- they have likened this project to making an airbus for batteries. this is about politics, france and germany want to get their brand out there at a time where global industry is a race between the u.s., china and europe. france's finance minister made a point of saying that other european countries are interested. dalton, poland, austria -- belgium, poland, austria. brent: there are critics that say this is a waste of money. are they right? janelle: it is not about money, we are talking upward of 4 billion euros with an additional 1.2 billion euros if those subsidies are approved. we are talking about a drop in the bucket here. that money could be spent somewhere else. critics are saying why aren't they investing this money in car sharing and logo -- mobility concepts? they're not arguing that this would be bad for europe but that the gains might be bigger elsewhere. brent: that is a good point but when can we expect to see this franco german consortium get charged up? janelle: those subsidies are expected to be green that in october.

the size of a house came rolling down >>> the scene in the skies above south africa today two giant airbus jet liners appearing to fly quite close together as they soared in formation with air force planes. it was part of the inauguration of south africa's new president, cyril program poza, a pro jay of the late nelson mandela, who hailed a new era in south africa as it struggles with a recession, high unemployment and recent corruption scandals. >>> rock slides are not uncommon in mountainous areas of our country, but take a look at this the boulder the size of a house came down on a hawaii in southwest colorado destroying part of the road the huge rock will have to be blasted apart. officials said they don't know when the highway will be reopened >>> and when we come back we're going for a ride with racing legend mario andretti 50 years after he won the indy 500. >>> finally tonight it's known as the greatest spectacle in racing, the indy 500, and this year marks the 50th anniversary of mario andretti's one and only win there. to mark the occasion anne thompson suited up and got behind t

in the end, the airbus plane was an accident finally caused iran to end the war. and these will be my final comments with regard to the prospects for escalation. a lot of people are talking about the potential for inadvertent escalation. first, as i mentioned, several hundred americans, in the high hundreds may be approaching the thousands have been killed as a result of iranian action in the past 40 years through proxy action, through the most part, and we have never gone to war. in the past year israel has killed probably 150 red guard personnel operations in syria and there was no war. when current conditions be different due to maximum pressure? this is where i things might be different, if you push the iranians to the wall, cutting their exports to 200,000 barrels a day, they have to decide either that they fold and decide to negotiate, or they escalate and hit back in the hope that the president, who does not want to fight a war in the middle east, will maybe respond in a symbolic way and then say i'm done with this region. i don't want to war and i'm leavin