airbus is trading up by 1.9%. what is interesting is that boeing is also trading up i around 1.9% today -- trading up by around 1.9% today. vonnie: the times is one of the worst performers in the dax -- lufthansa is one of the worst performers in the dax. here in the u.s., pfizer down about 1/10 of 1%, moderating losses on that deal, buying a biopharmaceutical company. new york crude is lower, as is brent. $52.35, not down as much as it was earlier. the 10 year yield down another basis point at 2.09. we are climbing ever higher to the 2900 mark on the s&p 500, up just 3/10 of 1% right now. guy: let's kick off with hong kong. another day of massive protests yesterday as chief executive carrie lam says she would indefinitely suspend consideration of a controversial extradition law. joining us from hong kong, stephen engle, bloomberg's chief north asia correspondent. do you feel these protests are going to continue until carrie lam departs? stephen: yeah, that could happen. of course, they are at a much smaller scale

this year, that'sxa ectly what airbus did, but boeing did not.hil lebeau is there. >> reporter: the roar of planes soaring above the paris air show could nrown out the two big stories swirling on the tarmac -- the changin fortunes of airbus and boeing, more specically, the 737 max and whether boeing can get the grounded plane drecertifie and erck in service by early september, or whet will be closer to the end of the year. >> well, certainly we expect to ore the endappen b of the year, as we've said. i can't give you a specific timetable. that will beoverned by the regulators. we're keeping our airline customers very much in the loop so they know exactly what's going on. >> reporter: what many are unclear about is exactly how much thedi gro of the max will hurt boeing's business long term, and by extension, hundreds of companies building parts for the plane. >> thess primary that everybody's focused on, whether it be the oems, not just ,boei but also airbus, because it's an interesting issue, and then it's obvisly hangi over every supplier and ev

airbus and boeing are both sitting in an industry which is continuing to show strong growth. look at what is driving passenger growth, it's coming out of asia and to some degree the middle east. this seems to be no sign of that slowing down. every year there is a new —— reve nu es every year there is a new —— revenues go up. every year there is a new —— revenues go up. both of those companies, as they position their products for increasing demand, it's going to be important that they may the right presence known, that they show what they can do with their products and fulfil airlines' needs as they grow. that is one view. i'm nowjoined in the studio by phil seymour, who's the ceo of iba group. good morning, phil. you were listening to all of that. give us your take on this year's show, given the challenges outlined. sure. i think the manufactures want to announce orders at air shows, it's really the time that they are at the focal point. however, they will probably say it's the overall orders throughout the year that are the important things. the last few yea rs, important th

airbus gets a boost.merican air is assessed to be in talks to buy 50 new alienfter they hand in 11 dollar deal. we are live at the paris air show. money as phils tronic cuts full-year sales forecasts. what looks to be less than expectedly sunny conference. is quite do me and gloomy here which i think is fitting. we look at treasuries, yielding almost 2% right now. winds yielding negative, 25 basis points. yesterday we had olivia saying basically that the ecb no longer has the tools it needs to confront if we were to say one, even a mild recession that governments need to be spending more money, fiscal policy needs to take center stage and that is unlikely to happen since the germans are the only one with any money and they famously do not like spending money. everyone else has budget surpluses that are pushing up against the eu rules and those roles don't look to get changed anytime soon. problem and that is why we see inflation expectations at all-time lows in europe. problemanna: while we wait fore conv

do you enjoy airbus -- are you enjoying airbus? --lori: not really.defense industry, it is the polar off the doves -- the polar opposite of what i've been seeing. analysts have been pretty bullish. i think industrials generally are an interesting area to poke in right now. this is not one of those areas we would be poking. david: so the business might not be a good business, but it is not fully evaluated. lori: there is a challenging new slow as well. likeook at an area consumer staples, a space we like, but everybody hates it. . aerospace and defense is pretty much on the opposite end of the spectrum. alix: coming up, markets awaiting clues from the fed. we will be joined by nyu professor of economics. can the fed do anything this -- butt disappointed disappoint? we will take a look. this is bloomberg. ♪ alix: this is "bloomberg daybreak." i am alix steel. monday. it is going to be about spinning your wheels until wednesday when we get the fat fomc announcement. .1%.ones futures up the dollar losing a little bit of steam in the g10 space. euro-dollar

fly airbus, we're fine >> i don't think we're to that point yet. i don't think so i think the bigger issue is that when this plane comes back whether it's in three months, four months, six months, people will be looking at first, am i getting on a max a lot of people will say, i'm not getting on it, at least initially. >> phil lebeau, thank you. >>> more than 600 companies urging the president to dump the tariffs. ahead, we speak with two business owners who say something has to change. >>> plus, one week until the big opec meeting or is it? we'll hit the chaos around the cartel >>> and i'm sorry to all you parents but "baby shark" not going somewhere any time soon. the company behind it is making boat loads of money. how much money they're going to need a bigger boat stick around >>> welcome back to "the exchange." if you own any of these three stocks pay attention two of them on the move bigly. pfizer is buying the company for nearly $11 billion it is helping the entire sector, by the way the xbi on pace for its best day since february another hu

airbus is trading up by 1.9%.that boeing is also trading up i around 1.9% today -- trading up by around 1.9% today. vonnie: the times is one of the worst performers in the dax -- lufthansa is one of the worst performers in the dax. here in the u.s., pfizer down about 1/10 of 1%, moderating losses on that deal, buying a biopharmaceutical company.

whether it is at airbus and boeing, actually, airbus is slightly stronger.. the auto books of this industry are very, very strong. it is only natural that there is a little bit of a pulling off every once in a while. maxhen: obviously, a 737 has been grounded. our customers waiting to see if it is going to be resolved? we are alli think waiting for bowing to resolve this issue and put the 737 back in the air. airbus: that was the chief commercial officer speaking with me. at the beginning of the interview he talked about the tariffs. not the china-u.s. tariffs, it's the threat of donald to impose tariffs on lot -- on airbus because of the dispute over the alleged illegal subsidies to the various aircraft manufacturers. we have much more coming up from here in seoul. back to you guys. paul: chief north asia correspondent stephen engle in seoul. i want to get you some lines on the bloomberg terminal. is said to be in discussion to higher the former ceo jonathan sloan. he would be taking a senior role at the firm if things work out. discussions with sloan are o

what could it mean for its european rival airbus? it has been seen as the second player in the global aviation market. >> airbus has been seen as the but it is seeking its role somewhat reversed. they were looking to clinch 200 worth of plain sales -- of airplane sales. they have notched 245. for signed deal with sebu over two dozen planes that include a number of the new planes. a saudi airline has signed a deal for 100 airbus planes. order there. announced nothing. they announced a deal with korean airlines for 30 of their dreamliner plane. they are still struggling with the 737 max 8 crisis. >> it is not just the 737 crisis playing in boeing. the triple seven act's -- the 777x also. supplier, ge aviation, has hit a snag with a part in one of the engines developed for that twin engine jet.ll -- two aisle they are going to take the engine apart and replace it and redesign it. that will mean further testing that will pushback the launch of 777 x. this is a market worth at least andbillion euros a year, both are struggling a bit. thei

airbus will put on a good show they always do at paris.r fifth year anniversary they're also launching the a-320 xlr. you have probably around 300 orders there boeing may be slightly more quiet. but also i think oems went to more about green aviation. >> those are the major themes. let's talk about the interplay between airbus and boeing. do you feel airbus has benefitted from some of the woes that have been facing boeing on the back of the 737 max incident >> i think it is difficult to say that certification is something very serious that the industry takes on and has to digest first and certification authorities will affect both manufacturers also short-term we haven't seen any airlines switching from one to the other one so we would see over time when the max comes back in service. >> equally there are airlines outstanding orders for deliveries with the 737 max. what are airlines doing in the absence of them being delivered. do they have contingency plans here, flying some of the old planes how do they deal with that >> they fly more of

and vice versa and a frontal attack on boeing which is also developing a plane in the same sector airbus as archrival is in desperate need of a win it's money making 737 max remains grounded worldwide after 2 fatal crashes once focused on production of the highly sought after model boeing is now battling for its reputation. we're committed to learning from this teams working 24 hours 7 days a week to ensure that we're meeting the needs and priorities of our regulators and our customers around the globe. france germany and spain use the airshow to launch their next generation fighter jet project an air combat system that incorporates drones and satellites never has so much political uncertainty surrounded the showcase. britain's looming departure from the e.u. could throw a spanner into the works of europe's tightly integrated aerospace industry another threat could come from the us recently threatened tariffs on airbus would in the words of the company's chief be a disaster for everyone. the french israeli billionaire. media group all agreed to by the world famous auction was. offered $5

it is typically an airbus stronghold. how is airbus doing so far? >> airbus is holding its own. and the quick knowing in terms of deals. a lot of the transactions airbus has announced has been more to therders, as opposed letter of intent that boeing signed with iag. airbus unveiled a new long rage version of its 83 21, that generated some orders and interest. you are seeing deals for smaller 0.als on the a22 airbus is having a good show. i expect we will hear a lot more from them when it's over. shery: bloomberg news industrial and aerospace editor in dallas. plenty more still ahead in the next hour on "daybreak asia." we will speak with the global advisor. shery: let's get -- paul: let's check on markets. 1% on this trade news inspired rally. futures pointing higher across the region. that's it for "daybreak australia." this is bloomberg. ♪ i don't know why i didn't get screened a long time ago. i kept putting it off... what was i thinking? ok, mr. jones... we're all done. i told you it was easy. with life line screening, getting screened for unknown health conditions is so qu

airbus is moving on. the xlr will not enter service until around 2023, but there are already orders for it. positioning t to take more of boeing's market share. , how are trade battles they affecting the mood? >> everyone is positive and optimistic. it is a big event, everyone is happy. you will not hear people saying they are suffering. it is well known the u.s. china trade war is hitting air cargo. shipping often goes by planes and if there are tariffs on those goods going back and forth, there are going to be less. passenger numbers, not so much yet. globally,wth slows that will hit passenger figures. they expect the industry to lose on $7 billion worth of products due to the trade war. it is clearly on people's minds. it has not hit all the way, but it is having an effect. olivia: the airline industry arp profit warning by lufthansa. overall, it is a mixed picture herere. man: it's a completely different level, off-the-scale violence. man 2: less than 24 hours previously, 8 people had been killed. man

airbus pulled ahead of its rival on the first day of the paris air show. in $13 billion in orders. bodied jet.a narrow chiefng to airbus's executive, there is still room to run up the score. >> we see sustainable growth. despite the difficulties here and there, we still continue to see a strong demand. we expect a positive airshow. debra: staying with the paris air show, owing is open to brandingthe word "max" for its jet. sentiment has been tarnished by the two fatal crashes. executive say they have no immediate plans to drop the name and any such change would be a retreat for the playmaker. boeing has worked hard to capture the imagination of travelers. hi isom titan patrick purchasing the auction house. that is your bloomberg business flash. debra mao in hong kong, thank you. futures point to a week open. european equities are still in the green for june but the rally is fragile. and souring consumer sentiment. here is the data. a really clear signal of a lack of conviction for you which is atf -- etf european fund flows. this gives you an idea of what

airbus races ahead of boeing locking $13 billion in sales. here why the airbus ceo says they have the advantage in china. , bank of america merrill lynch ahead of u.s. equity strategies, and someone joins us what sectors and stocks she is watching. this is bloomberg. ♪ kathleen: wall street kicked off the week with the faang stocks back at the front of the pack. the nasdaq is much higher. we saw the dollar weakened on the latest factory data. su keenan joins us with more. a lot of threads to weave. faang stocks looking good. the banks are worried about the news and su keenan bakes it into one cake. su: modest gains across the board. a market on hold ahead of the fed meeting. thes take a look at bloomberg that we have. becauseit is a question this suggests that the s&p 500 may find a new record high before potentially dropping big. in other words, the other shoe to drop may be out there waiting to drop. let's go to the snapshot. what you will notice is that the nasdaq 100, the tech heavy index in the green, getting a rebound as a kathleen ment

how many new plane orders airbus and boeing will announce.r boeing as they try to climb out of the 737 max crisis. now.mccombs joins us so did boeing realize the difference this time around? and how realistic were their ambitions? dave: they have. they put on an offensive here to show they are being humble, taking a humble approach to this. they have a lot of explaining to do. that will set a very different tone at this show. as you pointed out, it used to be a contest to see would airbus or boeing get more orders? boeing has done to the wall by that. if you go to the last paris show in 2017, they beat, they almost doubled airbus's orders in that show, so that was a big win. last year at farnborough in the , theyy also beat -- u.k. also beat airbus. they are coming out of those two contests at the biggest airshow of the year. this will be a very different scenario. it will be hard for them to match boeing. there is so much focus on the 737 max, and whether or not boeing has a clear strategy of how to emerge from the crisis and what they are g

in the words of airbus chief. after a short break, i will be back to take you through the day. stick around. [captioning performed by the national captioning institute, which is responsible for its sit ncicap.org] and accuracy. . with front twenty fourteen follow the women's world cup. the end of the two swapping to live from paris world news and analysis from france. twenty four i'm margot and these are the headlines bob morsi drops dead in that kind of corporate. ousted president of egypt the leader of the outlawed muslim brotherhood was already serving a seven year sentence of falsifying his candidacy he was appearing in court. today

live bushay has the aerospace industries biggest event both the military and commercial fly is after airbus the ideal setting to talk about its next project a smaller long haul aircraft built with fuel efficiency in mind the idea making the most distant flights profitable at lower capacities we can fly from northeastern. asia into south asia sapporo delhi for example we can fly from the middle east down to bali we can fly from japan deep into a straight across the atlantic deep from europe into deep into north america and vice versa a frontal attack on boeing which is also developing a plane in the same sector airbus as arch rival is in desperate need of a win its money making 737 max remains grounded worldwide after 2 fatal crashes once focused on production of the highly sought after model boeing is now battling for its reputation. we're committed to learning from this and have teams working 24 hours 7 days a week to ensure that we're meeting the needs and priorities of our regulators and our customers around the globe. friends germany and spain use the air show to launch their next gener

airbus is ceo urged i ag to let it compete for the order -- we he needs to go to little of intention so -- we would be very happy to compete -- when it comes to a tender for these -- a large number of planes and quite cool -- we would have the ability to be in that situation imitator. the european powerhouse was boosted by two hundred and twenty six orders and commitments for its newly launched eight three two one xlr model. bringing it to a total of three hundred and sixty three firm orders in paris. despite the slower pace of sales both airbus and boeing are cushioned by thousands of backlogged orders. let's check in on today's trading action other major european indices closed higher about a third of a percentage point each their shares of the german lender deutsche bank we're down about two point 6%. reports that the fbi is looking into possible involvement in money laundering wall street is trending higher the s. and p. five hundred has hit a new record high. the as you can see it's up abou. three quarters of a percentage point there dow jones rising eight tenths of a percent wi

airbus dominated the headlines after unveiling its new a321xlrjet, which will compete against boeing'sthe auction house sotheby‘s is being bought by french telecoms billionaire patrick drahi for $3.7 billion. the company, which has been on the new york stock market for 31 years, will return to private ownership after a troubled period. the art market has seen an uplift in recent times, after being badly affected by the financial crisis in 2008. let's now take a look atjet airways, because creditors are to begin insolvency proceedings against the struggling indian airline. the move follows a failed attempt to find a suitable buyer for what was once the country's biggest private carrier. joe miller nowjoins us from delhi. fill us in on what the future is for jet airways. fill us in on what the future is for jet airways. well, sally, this is a last ditch attempt to buy. a consortium of airlines took over to recover what they can of the roughly $1 billion they are collectively owed. yesterday they came out of a meeting in mumbai and said there was only really one incredible offer on the ta

we hearfrom the new boss of airbus on the dangers of a no deal brexit. and on markets, us stocks hit a new record hybrid asian stocks hit a new record hybrid asian stocks may take a breather at the end of their best week since january. and oil surges again on those rising tensions with around. we start with climate change because european union leaders have failed to agree a target of zero net greenhouse emissions by 2050. france and germany were among some of the nations pushing for the pledge to go carbon neutral into decades but failed to get unanimous agreement at the summit in brussels. this after opposition from some eastern european countries over the cost to their economies. the eu has already agreed to cut greenhouse gas emissions by at least 40% from the 1990 levels by 20 to 30. and there has been some progress here. emissions from the eu have fallen by 2296 emissions from the eu have fallen by 22% since between 1990 and 2017 but climate scientists say that is just not enough. this month, the uk became the very first major economy, really, to m

airbus is set to get a major order from air release. -- air lease.ontract could be announced later today at the paris air show. this is coming to us from the reporter on the ground there at the aviation show. we will keep an eye on that. with that in mind, we will be going to paris very shortly. coming on the program, we will airbus with the rival to come up muilenburg going ceo. this is bloomberg. ♪ anna: welcome back to european open. eight minutes into your trading day. this is the picture across your european markets. modest gains being made across european equity markets. you may say we have had a warning from lufthansa. almost 11%.own by let us get details on that and other stocks. >> lufthansa, down 11%. ryanair is down 4%. air france is down. weighing down the stoxx 600. lufthansa issued a profit warning for the second time this year. lowering its estimates. faress to do with in its domestic market. deutsche bank considering setting up a bad banking unit that could hold as much as 50 billion euros. this is part of the banks overhaul -- bank's

sglees we have an aerospace double play, boeing and airbus making headlines today phil le bebeau hasot surprising, the southwest pilots union says they're missing out by their own estimate about $8.5 million each month, because they are not ability to fly the 737 maxes as originally scheduled, so as a result they plan to seek compensation from boeing you may say, 8.5 million a month that's not the end of the world, but what happens if other pilots unions say we want compensation as well. remember, this would be separate from any compensation that being would be providing eventually to southwest airlines also keep in mind they were out with guidance, saying their cost per available seat mile will go up in the second quarter, but continuing developments. >> and then there is the competition, phil, so american alliance will become the first to order a new airbus plane. what can you tell us >> this for the airbus a-321 xlr, that's the extended long rain that they just launched over in paris. there are 50 that american has ordered. the deliversies start in 2023. the real question is, will

airbus chief executive guillaume faury speaking to the bbc‘s theo leggett.e disrupted the beginning of the uk chancellor's mansion house speech. he was able to continue after they we re he was able to continue after they were removed. looking at the markets, as you can see right now on your screens, despite us stocks closing at a record high overnight, not a good start for the asia—pacific markets this friday morning. the nikkei 225 down 0.1% and the all ordinaries index marginally in the red. thank you so much for investing your time with us. much for investing your time with us. iam rico much for investing your time with us. i am rico hizon. much for investing your time with us. iam rico hizon. sport much for investing your time with us. i am rico hizon. sport today is coming up next. hello, this is bbc news. the top stories this our: president trump says iran made a big mistake in shooting down a us drone but adds it may not have been intentional. hong kong braces for another round of protests after the government fails to respond to demands to withdraw i

and airlines say that threatens their plans to buy new planes both boeing and airbus have received more cancellations the new orders since the beginning of the year their order books are shrinking even though demand for aircraft is growing think airbus and boeing are both sitting in an industry which is continuing to show strong growth if we look at what's driving kind of passenger you know growth it's coming out of asia and to some degree the middle east and there seems to be no signs of that slowing down every year the revenue passenger miles continues to go up but the benefits of this growth are looting the plane makers with signs they need above all a new strategy to combat trade tensions. jeremy face their final group game against south africa at the women's world cup shortly and far from being a dead game the match against south africa could be all important and mark meadows from his forces here to explain why i get to see you mark so they're already thought to the last 16 i think really need to win this game they do indeed because they don't want to end up finishing 2nd in the gr

rival airbus coming back with another big order.airlines agreeing to buy another 65 a320 jets. select technologie is expected to have an enterprise value of nearly $328 billion, triple the value cited at the last funding round. the software maker goes public in a direct listing on thursday. union isderal credit suing over the name chosen suntrust and bb&t over its new ruist.ed service t the bank to be known as truist will be based in charlotte. that is your bloomberg business flash. david: i think thewae close theo their name without breaching. alix: what's in a name? david: a lot, if you are coca-cola. it can make a big difference. alix: well, when we read about maybe the max will get taken out, that is going to fix it. floated munie firm and goldman was like, no. david: the first person i heard saying they should rename the ng, president trump. [laughter] david: he's pretty good at branding. alix: that is entirely true. flip-flopping strategists. investors looking for direction, and market analysts aren't sure which way to go. you

american airlines and airbus.utherland. yesterday it was all about going. now it seems -- all about boeing. now it seems to be all about airbus. brooke: that's right. airbus stepping in with a great order from american airlines for its new jet that it unveiled at the air show, the longer-range version of its a320 family. they got a number of orders for that plane. some of those are converted from previous commitments, but still, pretty healthy demand for that plane as they unveiled it the airshow. alix: what is not being talked about right now it the airshow? what's missing from other years? brooke: i think orders. we are talking about some now, but you are really not seeing the numbers you saw even last year. numbers are down pretty significantly. i think that is sort of in line with what we were expecting going into this. you had some really not inspiring numbers on passenger commercial air traffic -- passenger and commercial air traffic growth, down from the pace we have seen on average. talking to executives o

this is really interesting because boeing's rival obviously is airbus. airbus. in a first of its kind type of deal. in 2017, boeing made its services unit its own business, separate business. now doing a little bit more with it. when it made that separate unit, the ceo said services could be a $50 billion a year business. to give you some context, last year's services, $17 billion of boeing's $101 billion in annual sales. still a small part but they are growing. liz: yeah. and we should pull up the ge chart because part of what's happening here is airbus landed an order for something like 20 jets and that might have gone to boeing, but ge, that supplies the engines for one of these jets, i believe it's the 777, has said that it discovered one slight problem with that jet engine and therefore, it's going to be delayed and that hurt boeing's chances of getting that order. we've got general electric moving lower by about 1.5% now at $10.07. all right. >>> as we look at what's happening with the markets, one of the top economic minds in the world says troubl

. >> airbus is a proponent of change. -- airbus dictates when most of the components are changed.rtcide needs to be changed out at a thousand hours, qantas says 750 hours. in unforeseen circumstances, we have a little bit extra time. as well as being as safe as possible. david: if joyce is going to make his ultra-long-haul program work, he has to make sure his customers want to take the flights. one way to entice them is the food. >> this is our kitchen. we do events from here. mainly we do all the testing for the menu. david: qantas has got top chef neil perry working with scientists on ways to enhance sleep and hydration for ultra long-haul flights. >> here we have our cocktails. they have alcohol in them of course. but also, our mock tales. mocktails. the whole rehydration is a major focus for us. david: especially on these long-haul flights. >> especially on the long-haul flights. it really is all about not tricking people, but getting them to drink as much delicious free hydration as they can. we do teas, we do coconut water. david: the chefs are constantly working on creatin

for airbus, it's like a first draft. it will be up to future models to prove they can safely fly passengers. it will be years before people are flying in an air taxi, but a company in london is buying up rooftop space for landing pads so they will be ready when the technology is set to take off. >>> a teen from japan was the big winner in the international sailing competition in the waters around new york city. he's a new professional sports league, combining the finest sailors in the world and a the finest technology. the boats do 50 miles per hour. >> reporter: boat racing is a sport that goes back thousands of years. never before hasn anyone achievd the footing displayed by this brand new competitive series. the sound you hear is the signal of the arrival of new international sailing league. taking the tim honored tradition of the racing object the water to a whole new level. the league is the brain child of larry elson b and sailing legend sir russell koouts. >> i had been thinking about this for years. he said we sh

kris van cleave has a behind-the-scenes look at airbus testing. this is the "cbs morning news." testing. this is the "cbs morning news." is that net carbs or total?... eh, not enough fiber... chocolate would be good... snacking should be sweet and simple. the delicious taste of glucerna gives you the sweetness you crave while helping you manage your blood sugar. glucerna. everyday progress with advil liqui-gels, what stiff joints? what bad back? advil is... relief that's fast. strength that lasts. you'll ask... what pain? with advil liqui-gels. >>> our top stories this morning. president trump has abruptly called off military strikes against iran. mr. trump had approved the strikes in retaliation for iran shooing down a u.s. drone. the strikes had been scheduled for just before dawn today. no reason has been given for the strike being called off. >>> and president trump says hispanic voters support his hard-line immigration policy. he was interviewed last night on the spanish language network telemundo. he says they support his threat to deport large number of immigrants who are

it bit of breaking news coming out of airbus.r taking place today ahead of the air on monday. airbus is said to be connecting a review of its main plant in an effort to cut costs. airbus stock is coming up on the back of this. four main plants, the main one out in to lose -- out in toulouse. bring costsoking to down. they are also working on ways to try and improve efficiency as well, trying to up some of the rates, particularly in the narrow bodies. a lot more coverage coming up. we are going to be at the paris air show on monday, talking to all of the main executives. time now for futures and focus. joining us now -- futures in focus. joining us now from the cme is bobby a chino -- is bob iacc hino. are you surprised you are not seeing a bigger pickup and what we are getting out of the gulf? bob: it is very easy for me to say that i am not surprised, simply from the perspective of the structure of the attacks seems to be more like iran waving their hands, saying pay attention to us, rather than it being some kind of actual stru

do you get a sense that we will be seeing more orders coming for airbus aircraft out of china?ou see any advantage? guillaume: we have a historical relationship with china, we have produced more than 400 planes, and this is a very strong commitment to china and the chinese market. we continue to serve the needs of china, and i think we are perceived as a strong and loyal partner of the chinese ally. guy: do you see yourself having an advantage? is president trump giving you an advantage in china? guillaume: we have a strong product advantage. the a320 is the best successful plane, it has been a big game changer. this is from feeling the market demand. guy: so politics play a part of it. guillaume: there is always politics in the background. you need to keep going, keeping your eye on the ball. emma: staying with the topic of global trade, blackstone ceo and chairman stephen schwarzman has met directly with the leaders who will meet next week at the g20 summit to try to jolt u.s.-china negotiations out of their stall. he shed insight into what the two sides are looking for on "b

meanwhile, boeing's rival airbus is expected to launch awe new airplane. latest in itsil f of narrow body jet, but this will have greater range that connect cities fartherpart. theemand is there. in fact, a record number of people are flying thissier which is why air combus they're -- airlines that order new planes this weekend will likely not see them flying until well into the next decade. il lebeau, "nightly business report" chicago. >>> it turns out chewy's bite is as good as its bark and that's where we begin tonight's mart focus, the online pet product retailer owned by petsmart soed in its wall street debut today and the company priced its ipo at $22 a share and that was above the expected price range and the company's ceo hoped to prove that the company was not like pets.com which came to symbolize what was wrong with the dotcom bubble of the '90s. >> the company was 20 years ago and loo at the way e-commerce is changing andook at our sticky mess and the fact that we're servicing greater than the 95% of u.s. households and the fact that customers k

boeing actually in a fight with airbus for business.ually rising higher and tess la coming out strong. that's another stock that's been badly beaten. paul. speaking of things getting badly beaten, oil further into the bear market on lower than expected data. su: the weaker than expected housing data goes to the demand question. there's a question about supply glut as well as the trade. look at the five-day. it's been a real wild ride where we sunk hard last week. looked like we were briefly higher in the monday session. look at the bigger picture, down more than 18% from the peak back in april. we are firmly in a bear market now and there are many traders that say the struggle of the opec plus nations just set a date for the next meeting, we'll show you that there's been a lot , crude has doubled. kathleen: the oil market has been in a big focus for the last several days. let's talk about the trade war. what effect is it having on the federal reserve as policymakers prepare to meet. here with us now is brook financial strategies -- burk

this airbus drone is supposed to lift ca rs airbus drone is supposed to lift cars out of traffic ande a range of 30 miles. but it may take more than these to solve some of the pollution problems. fossilfuel cars, bikes, and buses are turning some of india's teaming cities into snarled up and smoking mega giants. according to greenpeace, 22 of the world's most polluted cities are in india. flogging electric tech to india. flogging electric tech to india is proving a tough sell. but inroads are being made. and david reed has taken to india's streets to find out how electric four, three, and two wheelers are having an impact. it is so nice to be back in mumbai. it's always on the move. an outfit which is associated with the indian carr manufacturer mahendra has just launched an uber style car service. and the entire fleet is electric. they met up with a regular customer. it is absolutely fantastic. anything you want in the car is there. there are tv screens. you have in car entertainment. wi—fi, video conferencing. it is like your office on wheels. so why electric? the fact that our cit

well, we know that at the moment the chief technology officers of boeing, airbus and rolls—royce, andg up in the auditorium over there to make a big announcement. like everything out of these shalls, it is running late. we understand it will be about collaborating on sustainability, and developing technologies to improve the environmental performance of aviation. that is really important. look around you. around the world demand for aviation is expected to double into the 20 40s. that means more emissions. planes are much more efficient, much betterfor the environment than old ones. but there isa environment than old ones. but there is a need for progress. that means electrification. talk us through what that would look like? as you say, this industry is critical when it comes to the climate and the future of our planet and global warming etc. but when you talk about electrification, how far will an electric plane be able to go and will it be able to land on a runway somewhere? well, right now it wouldn't necessarily be able to go that far or carry that many people. but technology alr

airbus launches the a-321xlr who is placing an order for 27 of those but air lease tell me why you're plane. >> this is going to be a great compliment to the airbus a 321 family this aircraft, xlr, adds further range to the aircraft type full cockpit we're getting extreme interest in the aircraft from customers globally it is an easy and natural thing for us to do we believe it'll be a blockbuster. >> reporter: which is connecting city players further apart maybe smaller cities than people would expect. >> yes. >> reporter: there is demand, right? >> huge demand there the great advantage of the 321xlr is not flying a wide body on the city players that don't demand it. listen, your profitability, and, in fact, i would add your vie environmental sustainability is optimized when you have the right size aircraft for the mission. this is the right size aircraft for those segment lengths up to 4,700 miles, just about what the 757 was. this is, in our view, a true 757 replacement but on a much more fuel efficient basis. >> reporter: we'll talk about the rest of the order in a bit i have to a

one of the biggest manufacturing employees in the uk, airbus, there's a story that was put out a couplethe previous argument when it was coming to the deadline and there were arguments about what kind of brexit votes in parliament as part of the lobbying process, the remain side, the people who are against brexit, said that airbus would leave the uk if there was a hard brexit. what did we get last week i think it was? the ceo of airbus saying we are going to stay here whatever happens with brexit, whatever kind of brexit, because we know the skills are there and so on. i think in the end, the real point about all of this is that it's not so much the nature of brexit that will make the difference in terms of jobs and industry and so on. it's the policies that the british government pursues with the newfound freedom that it has outside the eu. if it follows basically president trump's lead, cuts taxes, cuts corporate tax, cuts regulations, then the uk can thrive outside the eu. david: bringing it full circle is the fact that from where you started, now that we have this -- they have this

and it's been a challenging for european rival airbus too, which suffered more cancellations than newo leggett is at the paris airshow. this is bound to dominate the events this week what's going on with boeing and the 737 max. absolutely. the sun is shining here, for borrowing the show has begun under a cloud, let's look fine. boeing has an order book of around five and thousand aircraft at 4400 or so 737 max and that playing is not allowed to fly. it's not allowed to fly because after two accidents it's become apparent a software system incorporated into the aircraft, flight incorporated into the aircraft, flight control system was the root cause of two major accidents of indonesia and of course the ethiopian airlines crash in march. boeing is trying to persuade regulators that it's come up with a solution and that solution will finally make the aircraft a safe bet in the meantime it's not racking up the orders when it would like to be. and in terms of how this investigation into what happened in ethiopia is progressing i understand you've been talking to ethiopian airlines who dispu

big companies like airbus are getting ready it's partnering with engine from soft front to work on a hybrid electric plane to replace a large part of its fleet in roughly fifteen years. that's an ambitious target. today one kilogram of battery doesn't provide as much energy as one can -- con of fuel. so we have to expect. making technologies news stick new technologies. start ups aren't waiting that long french company botero has just unveiled its casio plane powered by a six cylinder internal combustion engine and two full electric motors. it hopes to be in the skies by. twenty twenty two and all electrics are coming in small sizes as well. here at the air show evey ation as unveiled its prototype of the allies aircraft powered by three electric motors and a three thousand five hundred kilogram battery the israeli company hopes alice will revolutionize the commuter air travel. fully electric commercial passenger travel is still likely decades away but emission standards are tightening even while traffic continues to rise. ubs says even the hybrid market could be worth a hundred seve

>>airbus both it's very harris air show. airbus is showing off some pretty cool. planes that are coming about 3 or 4 years that boeing landed in order they were expected to land in order there in the mix stuff. the 7.37 disaster so to speak. so we got order for 20 of its 7.87 dreamliner planes, handing boeing a much needed win. and again it was unexpected the things that have been saying so far as we're sorry we're going to change the name of the 7.30 max we're going to get back in there soon as we can not we're going to get orders but they did and actually 6.3 billion from korean air and korean air is one the biggest airlines in asia and age is growing like a weed. it to be honest with you boeing's going to succeed in my opinion this independent in large part because there's only 2 big playmakers in the world in the world population is growing and the world continues to travel. so boeing ceo dennis muilenburg admitted to cnbc today that their show was not about orders. but instead it was about the opportunity to reassure customers and suppliers the points making

recently threatened tariffs on airbus would in the words of the company's chief be a disaster for everyone. and what i'm all of all counting is underway after a 1st round of presidential elections early preliminary results suggest former 1st lady sandra torres is in the lead alter as had been the clear front runner in opinion polls and is expected to come out on top in the 1st round but she's likely to fall short of the majority needed to avoid a runoff election with a 2nd place rival in august and yet i get us has been tracking the votes in guatemala and he sent us this update watermelons will have to wait for the formal announcement of the 2 candidates who will face off in the 2nd round of the presidential election but one thing is already clear sound authorities won't have it easy she may have won the 1st round but she is deeply unpopular among those who didn't vote for her which is the vast majority of the population paving the way for her rival to become the next president no matter the outcome we see on august 11th and that 2nd round this process will always be remembered not only fo

that really i know there are other plane manufacturers out there but really it's only boeing and airbus that really matter in the grand scheme of things for most airlines most big airlines at least for most airlines exactly the dominant players a boeing and airbus a notably boeing are extremely resilient we shouldn't underestimate the damage this has done and more so how this has kind of filtered down to the most basic level where i have people on the street telling me they won't fly the 737 max it will need probably to something like a rebrand where boeing a force to have doing to change the name to be able to hide away from the fact that this aircraft is the one that has suffered so famously but boeing as a company they will get over this they got over the 787 dreamliner and they'll get over the problems with this aircraft but the handling of this hasn't been so great and again this is why the company has suffered so badly i'm sure is it is always a pleasure talking to you thank you for joining us thank you. of course another issue we haven't addressed for the airline industry is poll

see in the next few weeks whether airbus gives its next-generation answer to the 737 max 8.out the 737 max 8, with all sorts of different predictions as to when it would be taking to the sky. go through what people have been saying, if you would. >> we don't have any clear picture of when it will be back up in the skies. spicejet is hearing from boeing that the fixes to the mcat and redundant sensors -- all that could be ready for review for certification by the faa at the end of june. we just don't know whether the get otherso regulatory bodies around the world, including china, which was the first to ground the 737, whether they can all get on board to put the 737 in the air. we had airlines like spicejet on ,he more optimistic side however we heard from emirates, which doesn't fly the 737 max 8, weighing in on that, he's more on the pessimistic side. let's hear from both of those airlines. december --ave said i don't believe it will happen since global regulators have a difference of opinion as to how they will get to the aircraft to fly anytime soon. >> as long as a few

matt: the ccl of airbus speaking to stephen engle at the meeting in seoul.stories, so we go to dani burger. dani: you mentioned it at the top blister -- top of the show. a couple of headlines. bloomberg learned deutsche bank and ubs briefly explored the possibility of a merger earlier this year. nothing has come of those stocks. push a big moving traders out of london, brexit related moves. ocado also dropping today. jeffrey cutting the price target to six pounds, a 50% reduction in price from where it's trading. analysts saying current levels are too optimistic. valuations assume perfection. that's why they downgraded to underperform. finally, don't skipping selling a portion -- danske bank selling a portion. they are falling nearly 3%. the price tag on that deal is about half $1 billion. anna, matt? matt: m&a monday and infineon powered a semiconductor. 23.85 inmaker will pay euros to their u.s. peer. that represents a premium on the stocks 30 day average. joining us is many well in hong kong -- men well in hong kong -- manuel in hong kong. probably easier

that really i know there are other plane manufacturers out there but really it's only boeing and airbus that really matter in the grand scheme of things for most airlines most big airlines at least for most airlines exactly the dominant players a boeing and airbus a notably boeing are extremely resilient we shouldn't underestimate the damage this has done and more so how this has kind of filtered down to the most basic level where i have people on the street telling me they won't fly the 737 max it will need probably to something like a rebrand where boeing a force to have to change the name to be able to hide away from the fact that this aircraft is the one that has suffered so famously but boeing as a company they will get over this they got over the 787 dreamliner and get over the problems with this aircraft but the handling of this hasn't been so great and again this is why the company has suffered so badly i'm sure is that it's always a pleasure talking to you thank you for joining us thank you of course another issue we haven't addressed for the airline industry is pollution you h

airline to order the new airbus a-321 plane that's a stretch version of the aisle plane think ofit asnnounced that they'll be launching this plane two days ago in paris the first order went to air lease corps, which is a leasing company thatleases airplanes t dozens of airlines around the world but this is the first order with american saying, yes, we will buy and fly the airbus a-321 xlr. a conversion for a previous order but this is significant and important not only for american airlines but for also airbus as it looks to further make inroads was u.s. carriers and the a-321 xlr going to american, that is significant. guys, back to you. >> real quick, phil, in terms of just thinking more about boeing, i mean, is the -- is this a story about airbus or really a story about boeing >> it's a combination of both. if you think back to the real origin of this order, you have to go all the way back to when american back in 2012-2013 said we'll put a huge order in with airbus that decision which was part of this original order, andrew, that decision prompted boeing executives to move much qu

it's wings up for the world's most important aerospace show we'll tell you how rivals boeing and airbus fared during the 1st day of the paris air show. also on the program american firms are objecting over the latest round of import tariffs on chinese goods we'll tell you what they're saying. small traders at the bottom allan border get caught up in mexico's pledge to reduce the flow pirates arriving in the usa. and vietnam's 1st homegrown automobile hits the streets today courtesy of car maker been fast. this is business i'm stephen beers in berlin thanks for watching. it's the world's largest showcase for the aerospace industry this year's paris air show both 2500 companies and expects more than 300000 visitors but there's also a bit of turbulence in the sector from trade wars to the safety concerns plaguing industry giant boeing. the smell of jet fuel is once again in the air around labor day it's the aerospace industries biggest event both for military and commercial flyers and for air bust the ideal setting to talk about its next project a smaller long haul aircraft built with fuel