it is not as if airbus is being -- it the airbus and some of the suppliers to airbus or airbus itselfe in focus at least in the front of our minds when we talk about global trade. >> indeed. side announced in the dispute with the european union are mainly foodstuffs and small industrial products like wiring and tubing. they are not airbus product as such. claims parts are subject to tariffs penalties that the americans might impose once the wto rules on the plan later this week. later this summer. anna: thank you. the latest on deutsche bank. more bad headlines. howe continue to hear about they are planning on doing this restructuring. we heard about the 20,000 job cuts yesterday. the latest is how they plan on funding. theof them is lowering capital cushion, this would allow them to pay some of the restructuring they have planned which analysts say could have a hefty price tag. this might be a benefit for existing investors. if they have to go through capital issuances, that could dilute the existing shareholders so there might be some positives if regulators agree with lowering the

european playmaker airbus has teamed up with the u.s.o create the first high-volume satellite company to provide internet connectivity everywhere in the world. joining us now from the kennedy space center is the ceo airbus oneweb.and the ceo of thank you for taking the time to be with us. let me ask you this question first of all. this seems to be a crowded space. elon musk is involved. jeff bezos is involved. the more crowded it becomes, is that good or bad for you guys? >> we will be the first ones off. we already have six satellites up. we will be getting service worldwide everywhere in two years. if you have something that is a good idea and a new use of technology, there will be competition. we think competition is good. it will make the ecosystem more effective and allow us to do more at scale. increase forand everybody. guy: what does this bring to airbus? what is the advantage to you being involved in this? >> we are teaming up with the best in class, best in idea to start with. a best in class opportunity to connect the world. a

and china so this is actually the 2nd order that airbus has gotten from china this year of a announced this really mammoth. deal worth about 30000000000 euros in march so they're sort of seeing china you. use these orders as a way to send a political message to the us you know china is the most important. market right now and so they're really getting they're really seeing an advantage. coming through through these training goshi asians so if you go any further in frankfurt thank you. the british travel group thomas cook is in a bad stalls with chinese investors about a rescue deal the agreement could be worth over 800000000 euros would see thomas cook's biggest stakeholder china's full sun take control of its true business the cash injection would give the struggling company enough money to trade through to the end of 2020 its chief executive calls the proposals pragmatic but admits they are the outcome that it wanted. one of the most instagram of all places in the world of the mountains and fjords of no white and once those photos are on insta the hordes of tourists followed now enti

we talked about airbus and gam.ayer discussing a combination of its animal health business with aramco. this move stocks in the yes -- u.s. yesterday. this is bloomberg. ♪ anna: welcome back, "bloomberg markets: the european open." 7:53 in london. six minutes till the start of the trading day in europe. let's get stocks we are watching around the east -- newsroom. page group, and bayer. i think we've had gloomy news, downgrades out of the sector. >> it comes after yesterday, a on the from basf chemicals side based on macro economic conditions. today we had another warning that is not companies this effect. operating saying the profit will be on the low end of expectations. concerns havet led to profit decline around 2.4% in the last quarter but i've looked at the numbers and regionlook at it, the declined 8.7% in terms of profit growth from around 9.9% in the last quarter. it is not just the u.k. that pagegroup is warning not, it is the entire european region and it is a huge read across the company's. -- companies.

instead, it now plans to buy the airbus a-320. overall, boeing still has a robust backlog of roughly 4,4007 ax orders but no firm commitments for the plane since it was grounded in march and 68 cancelations thisyear. pressure is mounting for boeing ceo dennis muhlenberg. at the paris air show he landed a big commitment from the parent of british airways for 200ax airplanes. meanwhile, the number of max models built but not yet delivered continues to grow as boeing continues to crank o a 42 max planonth. down from 52 earlier this year. for now, it's not orders but production a deliveries driving sentiment on shares of boeing. as long as the company's 737 max production schedule remains unchanged, many analysts believe shares of boeing are move much lower. phil lebeau, "nightly business report," chicago >>> let's turn now to sheila, she's with the -- talk about boeing. the aerospace and defense analyst at jeffreys. thanks for joining us tonight. >> thanks for having . >> you don't think this whole mess with the 737 max grounding wil

2 rdier program acquired by airbus. it is a very important step. we do not compare these aircraft to the 380. the first one is mainly for the domestic market in france and the european market. we operate from charles de gaulle throughout europe. vonnie: speaking of those a380s, you have 10. five are least, and those -- five our leased, and those leases expire this year. five of them you own. will you be extending that lease or upgrading the five you on? frederic: clearly the decision yesterday is to stop the operation of the 380 by 2022. there were many reasons behind that. three will be given back quite seven willhe other be progressively phased out , so it isw and 2022 the end of the story for air france klm and the 380. in 2022, there will be no more three 80's flying in air france -- no more 380s flying in air france. . vonnie: there's a push from french mp's as part of ego awareness to place a 1.5 euro tax on short-haul flights from now on and an 18 euro tax on long-haul flights. --'ve already did most you've alrea

take a look at shares of airbus.i point this out because airbus announced its orders and deliveries for june in the first half today, and here is something people have not heard in a long time airbus is on pace to deliver more commercial airplanes than boeing for the first time in seven years. if they continue through the rest of the year at the current pace, especially with the a320, at the pace of deliveries, they will outpace boeing in that regard quickly look at shares of boeing remember, it reports earnings later this month and the focus right now, 737 max production schedule guys, if it holds at 42, most analysts believe this stock is likely while under pressure to stay in that 345 to 360 range. if they cut production again, that's when people believe the stock takes another step lower >> phil, would it be safe to say or is it fair to say that airbus has won orders on the back of boeing's problems? initially when the whole thing happened the argument was it is hard to move the orders and lose the orders to airb

airbus and boeing dispute leading to more tariffs. the u.s. published a list of more than 4 billion eu goods, including meat, cheese, cherries, olives. the eu has a similar case against boeing. the latest punitive measures will add to strained ties between washington and brussels. what does it mean for the markets? jackie.nd us.k you both for joining we had optimism about the trade truce between the u.s. and china. the next day we focus on europe and the markets do not know what to do. trevor: that is a good setting up. we are always nervous when president trump starts tweeting about all-time highs. it is almost like he uses that as an opportunity for something that would push stock prices down. startede g20, tweets coming out. he surprise people by being conciliatory with china. we are starting to see messages again. political risk at the moment affecting stock markets. francine: how should we deal with the political risk? jackie: the global economy seems to be balancing on a knife edge, precipitated by u.s., and any question a more tariffs c

you were saying ryanair moved over to airbus.by this. you gotta be she mentioned earlier companies like ryanair are having quite a tough time and fuel costs are rising, quite a lot of ove rca pacity costs are rising, quite a lot of overcapacity so some of this is maybe being blamed on boeing but it maybe being blamed on boeing but it may be that they wanted to pull back capacity for more economic reasons. a quick word on the other story in the guardian, experts calling for a ban on glass skyscrapers, they say this will save energy. really interesting, you would think more modern office buildings would generally be more energy efficient but actually what this article points out is that if you have huge glass buildings and things like the shards in london, it's the equivalent of being sat in a massive glass greenhouse, you have to have powerful air conditioning to stop it heating up. i never thought about it that way. they look pretty, they look great but you are right, it's like sitting in a greenhouse, they have to artificially k

we are concerned about the escalation in the boeing airbus dispute. if you can share insight into the eu strategy to de-escalate the trade dispute in regards to the distilled spirits sector. thank you. ms. weyland: one of the objectives of my visit here in washington is to see whether we have the ingredients of the deal that will put the boeing dispute theed and that would make suspension of concessions on both sides superfluous but we are not in the business of discussing functions lists with each other and we are not going to do a specific intervention in favor of one sector or the other. we are trying to get to a situation where neither side would have to suspend concessions. ofp in mind, the objective spending concessions in this situation -- suspending concessions in this situation is to reduce the other party. it is our intention to comply with the wto ruling and if we do that, hopefully the case of suspension of concessions will go away. that is the way we approach it. i will have to see what the u.s. does. >> on the auto report, the eu positio

. >> an issue that may be bigger in dollar terms is the boeing airbus dispute where we both lost the wto. my view, you lost bigger than we lost in dollar trend. both sides are producing a retaliation, you have already done that, and in the end $25 billion which is more than anybody has asserted but what do you see the outcome, the arbitrator will produce a number. my guess is not now but in september. but then i think that is the end game for that case. is that what you see happening? what happens then? we wait to see the results of your case and what that number is. >> i start by disagreeing with you. our assessment is not these are two cases of different magnitude and they are in the same ballpark, will determine the size of the award, two parallel cases, both sides enriched law practices and i think we should try that. also we are no longer in the world where we were 50 years ago all about competition between airbus and boeing and other countries getting onto the market with other pockets. from our point of view, to get an agreement, for the future. and resolve the issue and we do

european regulators have ordered inspections on some older airbus a 380 super jumbo planes that after cracks with attempted on the wings of some model airbus says it has identified the issue and it does not affect the air worthiness of the a $380.00 which is the world's largest passenger aircraft. deutsche bank shares fell for a 2nd day on wall street investors remain skeptical that a massive restructuring plan announced sunday will return the bank just ability in an attempt to rally confidence chief executive christian saving has said he will spend 25 percent of his income buying company shares. and shares in german chemical giant b s f tumbled after the group slashed its earning forecast for the year b.s.f. says preliminary 2nd quarter figures are significantly lower and it blames the impact from trade conflicts and chemicals companies are often considered bellwethers for broader economic trends. global icon of cute hello kitty now has official freedom of movement in the e.u. after the bloc find the japanese parent company send rio 6200000 euros for restricting cross border sales to

the company now saying they will operate an entirely airbus fleet. beneficiary as boeing has suffered following those crashes and the global grounding. if you compare the stocks this year, airbus gains are outperforming boeing. vonnie: so the news must create some concern that other carriers will follow suit. emma: yes, of course. we know that other carriers have said that they are weighing their options. there are carriers in indonesia australiam, and in that have pushed back their orders by over two years. we saw at the paris air show ast month, we heard from iag letter of intent saying they would by 200 of the 737 max 8 -- maxd buy 200 of the 737 jets. emma chandra with our stock of the hour. that is boeing today, right now down 1.3%. let's check overall u.s. markets now. indices are lower today, led by the nasdaq. chip stocks are climbing. the nasdaq down 9/10 of 1%. the s&p dragged lower by chip stocks as well. banks like state street down by 3.5%. symantec up almost 3.5%. there's word that the broad, effort to take over symantec -- the broadcom

which country which company and there are a lot of players at stake obviously not just boeing and airbus but doesn't this all cry out for w c over for that's what trumps being trying to get all of law yeah well you don't want to have the w t o hasn't been spared from donald trump smash up approach to the world frankly he said that if they don't shape up he's out and that was threatening to withdraw last year i'm not sure the world frankly in terms of all that 164 members of the deputy you look at the heart of it they're upset that they think it's kind of rigged against the u.s. the u.s. is the biggest economy it's the richest and it should get more of a say but the appeals body is not run like that he thinks that they should have more judges so that the u.s. wins more of these cases it will take things like this before you. colfer reform as they say with 164 members but even getting the whole visibility yeah exactly back to the tariffs just briefly who's going to hurt most from these additional all these threats of additional 4000000000 dollars in tires well the u.s. futures stop plummet

the boeing deal gets rounded as a saudi budget airline is airbus planes. sinks.et a quick check on where the markets are trading. we continue to see downside pressure for equity markets. we see the s&p 500 falling for a second consecutive session. tech and health care leading the declines. apple plunging at the moment after that downgrade we saw earlier today. lingering impact of that strong jobs report we got last week. that is clouding the outlook for fed rate cuts. we are now seeing the energy sector in the s&p 500 leading the gains, the big winner as we see oil gaining ground on geopolitical tensions in the middle east over iran's uranium enrichment. of course, a key focus this week will be on chair powell talking to congress later in the week. let's look ate, deutsche bank, the other big story of the day. they just announced a radical overhaul that includes exiting their equities business, not to cutting 18,000 jobs, suspending dividend payouts for two years. you can see that so far the relative valuations against european peers in blue. on that basis, they

the threat is just the latest in a long-running dispute over eu subsidiess, airbus.y ruled it violates international trtrade ruleles. the use of unfair trade measures is not one-sided. the european union has prepared retaliatory tariffs of its own. wto is expected to determine -- by the end of the year. improved tradee relations between the u.s. and eu. donald trump and jean-clauaude juncker agreed to work towards a zero tariff trade deal, though they have made l little prprogrs negotottions. >> the markets are digesting this. thank you for your time. whirring ininvestors? -- worrying invevestors? >> anything from the u.s. when tariffs are mentioned, we get to -- we start to get worried. since the turn of the year, the global market picture has been dominated by tariffs and the foreign policy by the white house and donald trump's administration. to put pressure on different nations when it comes to trade, this is not something new. is a continunuation of what we have seen from donald trump when it comes to europe. this does not stem from what is happening with donald

it will operate in airbus fleet. 737 has been grounded globally since march after people died in two separate crashes. shared office space planning to -- the funds to drive growth until it becomes profitable. extending the credit line up to $10 billion in the next year is. overcomet enough to losses. watching markets. china is extending those losses this morning. take a look at what we are seeing across the board. this is what we are watching. beenhairwoman has detained. the stock plummeting. i was -- david: i was hoping i could tell our viewers why it is falling. 86%. the big movers are falling today as well. yvonne: chinese autos are also in focus today. ofare seeing deep losses more than 2%. this is bloomberg. plenty more to come. ♪ ♪ most of us don't know how much data we use, but we all know we're paying too much for it. enter xfinity mobile. america's best lte with the most wifi hotspots, combined for the first time. when you're near an xfinity hotspot, you're connected to wifi, saving on data. when you're not,

airbus late.tract since the grounding. paul: shared office space plans to raise 4 billion dollars ahead of an ipo. they will use the funds to drive growth until they become profitable, and could extend credit line up to $10 billion. the company double last year, but it was not enough to overcome to blame dollars in losses. south korea's been -- president prepares to meet business leaders and limit fallout for japan's export ban. ♪ hey! i'm bill slowsky jr., i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i don't even know your phone anymore... excuse me?! what? i don't know your phone number. aw well. he doesn't know our phone number! you have our fax number, obviously... today's xfinity service. simple. easy. aw

they're the second airline to switch to airbus.ulti-billion dollar conference. >>> they've found their hero. >> you going to be the next ironman? >> no, i don't have time. i'm too busy doing your job. >> spider manmade 185 million at the box office. big opening with great news from hollywood because it was in desperate need of a win. june was a rough month with multiple sequels including "men in black international" and "dark phoenix." spider man gave the box office the bump it needed. we could see a bigger bump when lion king preview joos for our u.s. viewers, "early start" continues right now. >>> champions again. can the u.s. women's national team spark action on equal pay for equal work after a dominating world cup? >> iran escalating once again breaking its commitment to the nuclear deal. how much uranium can iran enrich and how will the west respond? >> i'm sorry for any of the pain or misconception they may have caused anybody. >> joe biden apologizes for comments about working with segregationists but he's mounting a vigoro

melissa: shares closing lower after losing an order to airbus. deirdre bolton with more. >> this is pretty costly for boeing. really the first sign that those two deadly crashes that happened within five months of one another are going to affect boeing's business over multiple years and billions of dollars. one discount saudi arabian airline, flyadeal, just ordered 50 planes from boeing's main competitor airbus. this deal is worth five 1/2 billion dollars and the saudi company secured this with airbus at the paris airshow. we are waiting of course, boeing is very much waiting for its 737 maxes to be ready to fly. latest i heard from our sources they are hoping to be back in the air by september. meantime this freezing period is allowing airbus to get ahead. i would be remiss if i didn't point out british airways ordered new planes from boeing as well at the paris airshow. boeing not completely out of running, taking some competitive knocks, due to problems with the 737 max. i want to call your attention to apple too because this is a stock that i

a big order coming through from airbus from air france.suggesting that airbus could look to increase capacity to maybe tillries some of the gaps being left by the max as the result of boeing's problems. the ftse 100 has dipped during the auction process but the ftse 100 being rescued relative to its european peers by the downgrade in the pound that we've just been discussing with alastair campbell. a look at the continental markets -- the dax down 2.2%, the cac 40 down 1.61%. we will carry on the conversation with the financial markets and the reaction to brexit on the cable show. that is at the top of the hour at 5:00 in london. jonathan ferro is in new york, i will be joining him in london. available on dab digital radio and all of your bloomberg devices. this is bloomberg. ♪ guy: live from london, i'm guy johnson. taylor: from new york, i'm taylor riggs. time for bloomberg exclusive. sales growth at huawei is slowing as u.s. sanctions start to hurt. the chairman spoke with us. they talked about tensions with the u.s. and the trade fight

airbus handed over close to 300 of the a320 planes.nalysts are concerned some airlines are complaining that the a320 shipment remain behind schedule. that is your business flash update. a programming note. we have been reporting on alleged collusion in the generic drug industry. we discussed yesterday on uber tv part of the reporting decatur the justice department might bring new charges. they wanted to make sure there was no confusion. we do not know what charges could be brought or whom they could be brought against. we will keep reporting on the story. we will bring you more when we have it. this is bloomberg. ♪ shery: this is bloomberg markets. i'm shery ahn in new york. toronto. john in are 15 minutes away from the fed decision. if we see rates cut, it would be the first time since the financial crisis the bank has gone in that direction. pretty flat performance for the s&p 500. looking at the 10 year yield for the u.s. treasury around two and change level. we are on what is happening with the u.s. dollar against other currencies.

and is about the boeing airbus dispute.r iss embattled condemning legislations that saw the city's legislature stormed by protesters. police fired pepper spray and teargas as people stormed into the building. >> the extreme use of violence and vandalism by protesters who stormed into the legislative council building over a period of time. this is something that we should seriously condemn because nothing is more important than the rule of law in hong kong. >> australia has cut its key rate for the second straight month. intend toolicymakers provide support to a slowing economy. the governor, philip lowe, has lowered the key rate by a quarter-point. deutsche bank is reportedly discussing with regulators about lowering its capital buffer. this is a way to help finance a pending restructuring. the german lender has talked to the fcb about the decision. global news 24 hours a day on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. is bloomberg. nejra: thank you. opec will e

now they switched to airbus.his is not good news for boeing. >> no, this is my deepest fear for boeing is when the original crisis broke on the max jet they didn't handle it very well, they didn't presuppose that customers were going to get nervous and rightfully so about the quality of that particular aircraft. it won't take too many of these deals where they shift to airbus for boeing's stock to be in a world of hurt. ashley: jeff, quickly. >> keep in mind, boeing and airbus, you are in an industry with only two major competitors. if they didn't have the market domination they have for what they have experienced, what they did last week with the outsourcing you would have seen this stock down a lot further. they have big problems. susan: what does the president contend if airbus didn't get those government subsidies, would they be as big a competitor? ashley: he does have a point. let's get a quick check of the big board for you. the dow as we say, we thought it would be down about 100. we are now down 151 poin

according to sales figures reported this week airbus o 389 aircraft compared to boeing's 239. the gap will likely get wider boeing has not been able to deliver any of its bestselling 7.37 max planes since march. that's when the planes were grounded afr 2 deadly crashes. coming up next a south bay co steals the show on a national stage his inspirational message despite >>realizing i couldn't play football. but i could coach football. now's the way for me to never give up from where the jimmy v that was my way of focusing on what i can do. says i can go further. that's my message tonight. >>fine speech from a south bay football coach born without arms and legs. rob mendez one the at sea award for perseverance in los angeles l-st night mendez is the head coach for the gb team as search hold a high school. he learned football playing madden video game had amazing now he's getting the props and the publicity. he deserves. >>kron four's will tran talked to friends of the coast today who say they could not be any more proud. >>here are his friends, carlos and maria. you saw his elect

airbus stock is up over 1% >>> samsung second quarter profit fell 56%, a glut of memory chips continueso weigh on prices. the company warning that japan's curbs on some tech imports from south korea is blurring its outlook for the rest of the year shares are down 2.5% >>> and amd could be your disaster that stock down 5% right now second quarter earnings were in line with estimates and sales did beat, but the company's third quarter outlook hit by chips used in gaming consoles. >>> still to come, rising tensions in the korean peninsula overnight. what north korea did that make tick off the white house. >>> and you can call it base brawl. the reds and pirates going at it last night, punches thrown we'll show you a big benches-clearing battle when we come back. >>> welcome back happy wednesday. stock futures are up right now, just about 75 points most of that is apple. still we'll take it. we're in the green let's check on the other top headlines, including more on that massive baseball brawl last night. phillip mena has more on that. good morning >>> good morning denuclearization thrown

airbus did under the boeing umbrella, embriar did.n the first day of the show, there was fresh orders for the xlr. >> the stock is exactly flat for the last year and a half, but doubled over the past two and a half years this plateauing of the stock price. what is factored in to the valuation level in terms of the pacing of production and orders and the long-term pipeline >> i think the debate on the stock coming into the year, if you were bullish on the stock coming into the year, which we were, it was predicated on two things -- the commercial cycle extending longer and 737 production rates going up. now the commercial cycle so far has been very friendly the way the cycle has played out has been, you know, how can i say kind of softer than in previous years parts of the cycle are going up, down, but net it's been a robust cycle. >> go ahead. >> so the 737, however, you know, the production delays there, that's got a big impact on the outlook if you look at the street's earnings forecast for the company for '19 they will be cu in hal

it kind of seems to come down to airbus and to boeing. >> absolutely.s disagreement between the u.s. and the eu over boeing and airbus actually goes back many, many years. it's not a disagreement that's unique to the current u.s. administration. so it's something that's actually not quite as new as the u.s.-china dispute, for instance. it's also being channeled through the wto, which is a little different as well. so the scale in terms of the number of tariffs that are in question relative to what is currently happening between the u.s. and china is a lot lower as well. so it is concerning and something to be watched but it hasn't got tone the many same level as the u.s.-china dispute. cheryl: what about the risk to the consumer? we talked about the risk to the u.s. economy and the u.s. consumer when it comes to chinese goods. now we're talking about food, we're talking about cheese, we're talking about pasta. not that we don't get food from china. we do. this is another layer. some people say tariffs are a tax on the consumer. you're not worried about

in a lawsuit against airbus that was first filed nearly 15 years ago. and that suit argued that airbus was illegally subsidized by european governments so the ustr in response is trying to level the playing field via it was on some $25 billion in european goods. everything from italian cheese to scotch whiskey and the e.u. in retaliation has said it would hit back on about $20 billion in u.s. goods from tractors to tobacco. that response back in april when we first heard from ustr we're still waiting for a response from brussels to the administration's announcement yesterday. white house trade adviser peter navarro said on cnbc ustr will have another announcement in the coming weeks there's currently an august 12th deadline to refine this product list i imagine we'll hear from a lot of the companies involved. >> thank you meantime, auto stocks on watch as new sales numbers roll in phil has more in chicago >> reporter: the pace of sales last month roughly in line with expectations a pretty strong month. for the second quarter, and the reason we're showin

instead they have now opted for the airbus a-320.spite the fact that the airbus does not have as long a range as the 737 max and also carries fewer passengers. still, they said no. this makes flyadeal and by the way, can you think of a better name for a budget airline than flyadeal? it makes it an all a-320 airplane or airline, i should say. that's the only jet now that they will fly even though they were planning to diversify to the 737. kind of the opposite of the southwest airlines in the u.s. which only flies 737s. talk about the planes they are still making and the orders they still have. 4500 orders are still out there, liz. this is the only cancellation so that would represent an order of 30 jets and an option for 20 more. of course, canceled or i should say grounded, 387 of the 737 max jets. you pointed out that some other airlines have pushed back a little bit. in fact, it is virgin australia which has delayed the delivery of 737 maxes by almost two years. another said to be considering. but you know, when you get one cancel

seth, to you on the competition here, as we saw at the paris air show, airbus is really cleaning the advantage of boeing's problems. are more global airlines do you think going to lean on the airbus now and kind of put boeing back in the corner, if you will? >> look, most of the max customers are really rooting for this to work out with boeing. these are airlines. take southwest as an extreme example with 700 737s and nothing else in its fleet, it would be very costly for southwest to all of a sudden introduce airbus into its fleet, in terms of the kinds of pilots and mechanics and everybody else used to working on boeing, all kinds of scale with boeing. that's the case to varying degrees with a lot of customers here. that doesn't mean the airlines aren't going to at least use that as leverage with boeing. even southwest made some comments within the past few months that basically there's no law that says they have to stick with boeing and that for me, cheryl, is my long-term concern here. look, obviously with a company whose market cap is still down, what, 30 something billion dolla

there's no question that the administration is going to make them pay if in particular airbus and otherrs are not playing by the rules. let's share this for you, a tweet. take this back to april. you probably remember when the president did this one. this is going back to april of 2019. he said this. the e.u. has taken advantage of the u.s. on trade for many years. it will stop soon. okay. how soon? well, whether it happens depends on the results of a wto asse assessment of large aircraft, particularly airbus. they could target 89 subcategories following an early list in april, one that you and i talked about. i should mention, the new items include cheeses, olives and even coffee. >> the comment period is on. we're listening to the public. we also have to wait for an arbitrator to tell us what we can and cannot do here. we have to recoup the losses. >> that's hogan gidley. while futures did fall, european stocks were mixed. the president and china seemed to strike a truce over the weekend. but targeting the euro zone is leaving folks uneasy. the ustr sid they plan to hold public hearin

airbus is going to be the biggest plane maker in the world.oeing's stock not suffering, it's up a buck, $350. >>> softer profits at levi's. costs related to the march ipo hurting the bottom line and it's down 8%. how about that. >>> then we have france, the french. they've got a new green tax on plane flights. wait a minute. you mean to tell me if i get on a flight at charles degaulle airport, fly out of france, i get taxed for leaving? susan: it's not just there. there are two airports in paris. but yes, every flight leaving france will now be taxed, not a lot. it's a moving scale from $1.70 to $20 a flight, according to the transport minister who wants to implement this starting next year. but you know, france is just the latest. we have sweden doing this as well, the uk has considered this. they want to find alternative ways to travel that's not so -- stuart: how do you suggest i go from france to the united states without flying? rail line that i've not yet heard about? susan: shorter flights somewhere else. stuart: i will do anything to e

discount saudi airlines decided to go with airbus. two big names typically lead this market on the upside. how critical is it that they're starting to waver here? >> this is important. we're seeing negative news breaking up amazon. you have negative news around big leadership. again i think we really need to take a look at, investors investing in large cap, high-profile names, the "fang" stocks, really starting to take a look at other companies, start diversifying your portfolio. don't stay concentrated in names we talk about every day. charles: erin, appreciate it. thank you very much. >>> financeer jeffrey epstein is in manhattan court at this hour pleading not guilty to charges of creating, maintaining sex trafficking network, exploiting abusing dozens of under age girls. some as young as 14 years old. epstein was arrested oaf the weekend as he arrived in the night from paris on his private jet. prosecutors will ask him to remain in jail pending trial. this is 11 years he was left off of a very light once secret plea deal. >>> new

it will now fly only airbus planes.n march, the plane wasn't grounded -- was grounded after two fatal crashes. broadcom secured funding for its acquisition of financi -- of finance tech. to china now, where the venture capital bloom shows signs of turning into a bust. the value of deals there plunged 75% in the second quarter. the venture boom began in 2014, when alibaba went public in the largest ever ipo. that year, chinese venture deals tripled. that is your bloomberg business flash. alix: thank you so much. the banking bombshell. deutsche bank will undergo one of the most radical overhauls since the financial crisis in its latest turnaround plan. , andll cut 18,000 jobs quit its equity sales and trading business. >> we are taking the decision to retrench and step back from elements of our global markets franchise, and particular equity sales and trading. that is a significant step in rearranging the bank. alix: that is the cfo of deutsche bank speaking with bloomberg. joining us is david sowerby, anc ora managing di

in february, airbus said they would quit making the a380.nt donald trump shared a quoteronald reagan -- the picture is real. president reagan is falsely quoted as saying "when i met that young man, i felt like i was shaking hands with the president." the account and the quote have now disappeared. that's your bloomberg business flash. alix: i love that story. we turn to wall street beat. first up, the mystery of jeffrey epstein's fortune. details of how he actually made his money. bank of america was the top underwriter for ipos this year. best first post the half in a decade. -- and lisaow abramowicz. let's start with jeffrey epstein. there was all the talk yesterday on wall street about how he made his money. he appeared in court yesterday looking super haggard. about we really know jeffrey epstein is that he started as an options trader and then became the money manager owner of the parent company of victoria's secret. i wonder where the money is. he has a $77 million mansion near the museum mile. homes andew other expensive cars. a's unc

from the european plane maker air bus in a deal worth 6000000000 euros it's the latest sign that airbus is expanding its foothold in the chinese market local carriers there are expressing more interesting european made planes thanks in part to trade tensions with the u.s. . is holding its 1st sale dedicated to sneakers their status as collectibles is growing some could fetch over a $100000.00 the shoes going under the hammer in new york include a pair inspired by the 2nd film backed out of the back to the future franchise. nobody likes the seafood go to waste but when it reaches its expiry date and has gone on sold shops often have no choice but to throw it away one japanese entrepreneur is tackling that part of the problem head on using little more than a bicycle and a website. unsold and uneaten it's estimated almost $28000000.00 tons of food ends up in japanese trash cans each year but grabbing the issue with both hands as you yes saito his innovative business aims to keep bread out of the bit. from i've heard that a 3rd of the world's food gets thrown away even in japan it's not unc

customers for delayed deliveries many airlines such as ethiopian airlines are now turning to rival airbus. adding to its problems boeing has also had to push back the maiden flight of the triple 7 x. the new long haul wide body plane because of problems with its general electric engine the company is working frantically to update it 737 mark software to get the plane back in the air however it admits it doesn't know when it will fly again investors are rattled. ratings agencies moody's and fitch have cut boeing's investment outlook to negative as a result of the crisis. over now to wall street where our markets correspondent host eloise the hearo is standing by hi ho sello east so picking up on those boeing results what sort of future are investors expecting as specially given these developments for the 737 max. some are more optimistic than all those you know but the result concerned out of the $737.00 mags that does not start flying again by the end of this year then boeing will will hardly its production as it was when we not only will have a significant consequences for the company bu

we will discuss what this means for rival airbus. manus: dances of doves? see all of this on gdb go. you're the dove, i'm the hawk. everything that we use, everything the bloomberg team puts together. you can jump into the terminal and tell us whether nejra is really the hawk or am i the dove? this is bloomberg. ♪ we're the slowskys. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematician on our hands! check it out! now you can schedule a callback or reschedule an appointment, even on nights and weekends. today's xfinity service. simple. easy. awesome. i'd rather not. nejra: good morning from bloomberg european headquarters in london. i'm nejra cehic. manus: i'm manus cranny live from dubai. this is bloomberg daybreak: europe. these are today's top stories. tellsent moon jae-in companies to prepare for a prolonged trade battle with japan. markets await testimony from j

take a look at shares of boeing and airbus airbus also out with orders and deliveries today the headlineere is that airbus is on pace to deliver more planes than boeing in 2019 bill, that would be the first time that has happened in seven years. >> wow you kne, we had a boeing analyst on nightly business report last night, and she was saying that, yeah, certainly, short term, this is not good for the company to take an earnings hit and so forth, but longer term, she's still high on boeing that they can weather this whole thing i'm sure you have heard that's before as well >> that's because the backlog remains relatively healthy it's still holding firm at 4400. we haven't seen any cancellations due to the grounding. we have seen some airlines who said they had an interest to order the max, later come back and say i'm going to go with the a-320, but we have not seen mass cancellations. >> phil lebeau, thank you. always good to see you >>> walmart's big e-commerce bet apparently is backfiring according to a new report. the details and what it means for its chances against amazon when we con

jobs and hurt consumers the world trade organization is from the 2 biggest play makers boeing and airbus receive billions of dollars of harmful subsidies it's yet to make it ruling. for more of the sort of spring onions court in new york a yes how has the market responded to this fresh threat of terrorists. well initially we saw a little bit of a hick up on a wall street and u.s. president donald trump in the past has received repeated be claimed that the friends of the united states when it comes to trade have treated the u.s. worse than its enemies so obviously the trade dispute between the european union and the u.s. could speed up but then again it's $34000000000.00 it's not a lot of money but it's not the big chunk of trade between the 2 continents and as trading continued here we actually could recover from all the losses and the s. and p. 500 saved a 2nd consecutive new record here on trading on wall street now apprises under heavy pressure on tuesday despite attempts by opec and others to prop up prices what happened there. yeah obviously sentiment seemed to change and we saw qui

diners in india can get thought authentic in-flight eating experience in the airbus a 300 that's been converted into a restaurant when staff dressed as flight attendants serving airline fare it's a big draw with tourists in the coastal province. instead of aircraft diners relax in spacious booths with proper tables and passengers can eat on tables set on the wing for fans of in-flight dining this is an automatic upgrade. well yes but doesn't taste like airplane food that's it for me and the d.w. business team here in berlin for more business news and features check out the d.w. dot com slash business thank you so much for watching. you know one to one official estimates more than 1200000 venezuelans live in colombia meeting and really going. over to them while i return to. visit friends is that i don't think i'd ever go back there to live you know what i live there again i don't know so i'm not sure. witness global news that matters. make for mines as you know i mean millionaire is he going yes. goes over one of those cynical media may seem to us all up with out about our. vision of g

a saudi discount airline is actually buying 50 airbus jets.e of the first tangible signs that boeing's issues with the 737 max model are going to be multi-year, long-reaching. the saudi company was thought to be ordering from boeing and then recently at the paris air show said well, we're going to go with the airbus model. so we just want to highlight at the london air show, boeing is still holding on to some business from british airways but bottom line, it just lost a pretty good deal to airbus. back to you. neil: thank you very, very much. that airline is called fly a deal which you would normally not attach to saudi arabia. that's the discount airline buying 50 jets from airbus, not from boeing. >>> meanwhile, billionaire jeffrey epstein has already pleaded not guilty to the sex trafficking charges earlier today. this is just the beginning of a case that could spread far and wide. it affects both parties. we'll explain after this. i don't know what's going on. i've done all sorts of research, read earnings reports, looked at chart patterns

diners in india can get that authentic in-flight eating experience in a airbus a 300 about's been converted into a restaurant when staff dressed as flight attendants serving airline fare it's a big draw with tourists in the coastal province of law instead of aircraft diners or locks in spacious booths with proper tables and passengers can eat on tables set on the wing for fans of in-flight dining this is an automatic upgrade. well yes but doesn't taste like airplane food that's it for me and the d.w. business team here in berlin for more business news and features that check out. dot com slash business thank you so much for watching. good show for. africa. or link to exception your stories and discussion. of easy to our web site w to come so much to come join us on facebook. for. gemini live. at any time i'd play a. video in the back yeah i don't like the beatles quite so much to sing along to stick out from super. for. interactive exercises. everything is online and interactive anjem and so for 50 w. . if you. can. meet. the. goal of the. long haul goal. love and respect. a warm welcome to

shery: report say air france is about to order 50-70 new planes from airbus.ced on wednesday. when the new ceo reports for -- first half results. the paper says air france wants the new single aisle a220. airbus shares have risen more than 50% this year. godzilla main have a new investor. colony capital is considering buying a minority stake in the franchise owner. it was taken over for $3.5 billion. we have until the colony investment is likely to value the company significantly lower than that. don't forget our interactive tv function tv . there you can watch live and catch up on past interviews and dive into any of the securities or functions we talk about. you can become part of the conversation by sending us instant messages as well. this is for bloomberg subscribers only. check it out. tv . this is bloomberg. shery: i am shery ahn in new york. paul: i am paul allen in sydney. one year after a spring of tough headlines, uninspiring results had balls moving to the sidelines. told bloomberg's kevin weston there is still beat out of china. i am soark