manufacturers boeing and airbus.ffs are said to nothing to do with joe biden's. >> the decision is related to boeing's case, not linked to u.s. elections. -- it isked to the wto linked with our internal procedures. francine: joining us from brussels is our reporter, maria tadeo. how much of this is genuine escalation? maria: i think that is the way to frame it. when you look at what is happening, you have tariffs and retaliation that is coming into play, but a lot of it is purely the mechanics of it, their bureaucracy, the european union was awarded the right to do this by the wto. they did not get the united states to pull their tariffs, so they went ahead and did this. the politics of the decision -- the europeans have no appetite to escalate going forward. they are hoping that when you get a biden administration in 2021, it will reset the reader -- reset the relationship between the united states and the european union, that this is the end of tweets as politics, and you would go back to a normal relationship. i w

this boeing/airbus one has been running for decades.id, boeing is apparel full force in the -- boeing is a powerful force in the u.s.. the bided administration will not say we will throw boeing under a bus. on the eu side, they will continue to prosecute airbus's interests. the issue is is there a deal that can be done by the parties? like it looks very much did before joe biden became president. there is a wrinkle to this as well because the u.k. has left the eu and therefore while it is under the common commercial it will actually be leaving the eu at the end of the year. at that point it may have a different view. a lot of u.k. products have been adversely affected by these tariffs, and they will want to see some sort of deal. where there is flexibility to do a deal on the underlying dispute , and under words -- in other words for the u.k. to give some compensation, where there is that flexibility, the u.k. will want to use it to get a deal with the u.s. on this and get their products off these retaliation lists. context ofe, in the

is responsible for the certification of airbus in europe. but it collaborates closely with the f.a.a. did the europeans know nothing about the m cas could that yes they have prevented the tragic accident. cologne germany as home to the european counterpart of the f.a.a. the e.s.a. . only aircraft that have been approved here are permitted to take off and land in europe. this also applies to boeing airplanes from the usa however in order not to go through the whole certification process twice but 2 institutions have agreed to divide up tasks we sit down with boeing we've had a fit and we agree with them on the topics on which wants to do our own specific tests areas which are of significant interest from the safety center. to us. but we are ready to you know they get. the fusion. the explicitly explained to us that they too had carried out their own tests on the $737.00 max. but if so why did they say not discover the new one fateful and pass. in this process. was. all there's even a. critical component and therefore in this discussion betwee

is responsible for the certification of the airbus in europe. but it collaborates closely with the f.a.a. did the europeans know nothing about the m cas could that yes they have prevented the tragic accident. cologne germany us from to the european counterpart of the f.a.a. the e.s.a. . only aircraft that have been approved here are permitted to take off and land in europe. this also applies to boeing airplanes from the usa however in order not to go through the whole certification process twice but 2 institutions have agreed to divide up tasks we sit down with boeing we fit and agree with them on the topics on which wants to do our own specific tests areas which are of significant interest from safety standpoint to us and we are ready to know that it gets better. fusion. the e.s.a. explicitly explained to us that they too had carried out their own tests on the $737.00 max. but if so why did the e.s.a. not discover the new one fatal and cas. in this process. was. a critical component and therefore in this discussion between the 3 of us since it

is responsible for the certification of airbus in europe. but it collaborates closely with the f.a.a. did the europeans know nothing about the m cas could that yes they have prevented the tragic accident. cologne germany us from to the european counterpart of the f.a.a. the e.s.a. . only aircraft that have been approved here are permitted to take off and land in europe. this also applies to boeing airplanes from the usa however in order not to go through the whole certification process twice but 2 institutions have agreed to divide up tasks we sit down with boeing we fit and agree with them on the topics on which wants to. specific tests areas which are of significant interest from safety standpoint to us. but we already to know that it gets but the. fusion. the e.s.a. explicitly explained to us that they too had carried out their own tests on the $737.00 max. but if so why did the e.s.a. not discover the new one fateful and cas. in this process. was. going as a critical component and therefore in this discussion between the 3 of us since it

playmakers are led by boeing and airbus. led bye makers are boeing and airbus.not behind us. that was the asian business reporter, angus in sydney. let's look at where markets stand at this point in time. u.s. futures recording from losses somewhat while asian economies are still in the money. up bye the s&p futures .1%. we have a big week from global markets coming on the back of rising virus cases. the dollar inching higher. that is in from bloomberg markets asia. daybreak middle east is next. this is bloomberg. ♪ >> this is "bloomberg daybreak: middle east." a volatile start to the trading week dominated by the u.s. election. president trump and joe biden chasing birds in the swing states as early voting hits record. the outcome is conical for iran. the trump administration threatened tough new sanctions. a biden victory may see economic research and sei

airbus beat them to the chase. >> the a320neo, damned if they didn't wind up becoming -- that's theirst selling airliner. and then boeing is like, "well, wait, what are we going to do?" >> boeing comes up with what they think is this really smart plan. instead of developing an entirely new plane, to catch up with airbus, they decide to take a shortcut and revamp a model that's already on the market, saving them a lot of extra time and money. >> that's when they said, "okay, we can take another look at the next iteration of 737." >> there were new engines, larger, more fuel-efficient engines being added to this aircraft. boeing called it the 737 max. they promised they'll fly more people and cost a lot less to operate. >> united airlines says it has cut a new deal with boeing to build 150 737s for its fleet over the next 10 years, giving the aircraft manufacturer a leg up against its main competitor, airbus. >> the boeing 737 max was the fastest selling airliner in boeing history. another ball out of the park for boeing commercial aircraft. >> you've got united and american and southwe

of seized that market for airbus as well. guy: thank you so much, brooke sutherland on the recertification of the 737 max. coming up, ready for regulators. pfizer and biontech say the latest clinical trials show that their vaccine is 95% effective. we will speak to the ceo of biontech out of germany. we've also got bloomberg's economy forum still taking place until tomorrow. you can catch the conversations taking place bloomberg.com at. let's listen -- taking place at bloomberg.com. let's listen to the conversation taking place with noel quinn, scott minerd,, and more. >> i think the more we gather around data, i am watching with the company now that we are pulling land data so that we get really good ecosystem modeling on land use. it is really proprietary, really innovative to the sector, and it investorsd towards and corporate governance, so everyone has the data to make the decisions. alix: we've got like 10 seconds. one thing. covert, and due to everything dealing with an economic recovery, for that we have already appro

during his term, as president has been furious about these subsidies to help companies such as airbus and as such, taxed a whole host of european products, mainly foods and wines being huge, burdens to e.u. produces and exporters to try and get their products into the u.s. . now it had been thought that the e.u. was going to hold back on the retaliatory taxes wait for that election to play out . and then it was a biden ministrations sort of reopen negotiations or a softly, softly approach. but essentially, it hasn't done that just in a few hours after biden was announced to be the next president, it essentially stuck up 2 fingers to him and said, here are the taxes on the u.s. goods. meaning, it's essentially a challenge to him when he comes into office, a headache that he now has to deal with without their being this renegotiation. and even the u.s. exporters are sounding the alarm. additional tariffs will be a major blow to the u.s. spirits industry, especially kraft to distillers who are struggling to regain their footing, following the closings of distillery tasting rooms, restaur

elect joe biden to calm the transatlantic trade disputes fostered by president trump he said of the airbus boeing subsidy clash that the e.u. will withdraw the new tariffs the moment the u.s. cancels its own on european products. and siemens spinoff siemens energy has announced its 1st set of figures since its frankfurt stock market debut in september the company which is aiming to move siemens away from heavy industrial power solutions to a loss of 1900000000 euros it says it will achieve its 2020 goals. for diversity is a key challenge facing the tech sector with the lack of representation of ethnic minorities in the top jobs well workers at technology businesses in berlin have set up a network to try and improve that their $600.00 members pushing for better representation at the top of tech. a virtual conference has to do. and her colleagues these days are because of the courage of irish demick. grew up in south africa. in 2013 she moved to berlin there she realized that black employees were under represented in tech companies so she founded the network black in tech. i think it's a rea

airbus group to become a new major competitor even selling more aircraft than boeing for a time in the early to thousands of. aircraft manufacturers customers also changed as an increasing number of low cost airlines became major players. the ticket price war broke out now every cent counted for aircraft purchasers as well. competition and profit seeking lead to aircraft being designed with built in safety risks. according to boeing insiders not just in the case of a 737 max. pilot davi true and i can trust his life and those of his passengers to a boeing airplane almost every day. however he doesn't feel the problems are specific to boeing but rather rooted in society at large. i don't see boeing as the source of the problem but the entire economy of the industry just look at the exhaust gas i don't send volved an interplanetary konami and a lack of oversight by regulators which can lead to even the largest corporations making financial mistakes and of. the problem however is that errors and aircraft construction often prove more fatal than in other sectors accidents usually cost many

there are number of notes talking about the fact that airbus could be a beneficiary. could see the listing in germany having a greater affect in terms of the way the passive flows are working. is in lightresting of what we are seeing at the moment, small caps, the mid-cap market, the end dax will increase from 60 to 50. at the moment we are seeing rotation away from big caps to small caps. this speaks to the exact opposite. big changes taking place within the dax that will not take effect yet. they will take place next year. certainly it will have a significant impact when it comes to the flow of money in europe. the other thing i wanted to talk about is what is happening in the travel sector. thanksgiving taking place in the united states. hearing a lot about what is happening with christmas in europe and we also have the vaccine story to factor in. i am doing this is a set up our next guest. the travel sector of the last month is up over 12%. the bulk of those gains within the last two weeks. every monday morning it seems we get vaccine news and that has been rippli

is already imposing tariffs on the eu concerning the airbus case.here has been some delay in the -- -- in the debbie tio case in the wto case that came one year later. our preference will be negotiated settlement, so we are ready to drop our tariffs the moment the u.s. is ready to drop future, and to discuss discipline schemes. that ahe theory is president biden is going to be much more multilateral and take a much more work with your approach. some potential issei even a softer stance in some areas. so why not just wait? ? it seems like germany and some officials there were of the mindset to kind of wait and see what it was going to be like once he took office rather than act now. ,aldis: it must be emphasized and it has been emphasized also by the german presidency, that actually there is broad support of the eu member states in moving ahead with tariffs. in any case, it will take several months, into early next year, when the biden administration will come into office. as i said, we are open to negotiating a solution and to drop our tariffs as so

a view to standards of w t o dare it aircraft industry on one side boeing on the other side is an airbus there is an opportunity to negotiate on that that do war on terrorists that is coming and in the place up the us are still in place terrorists that this forms will end we can cooperate in the question of the. new bodies the size of bodies of the w t o that has been blocked by the administration but i'm very skeptic that. joe biden will go back to a policy of open markets and free trade he is perhaps a little less but he is a protectionist and he has to do so because this is what also his constituency wants and so just as you're of need to be reactive in this relationship or all other priors is that that europe can compress ahead and say to a new american administration this is what we want from you. and i think we should do so we should take. that's what i was you're going to say now speaking to us a little earlier your technical problems that's coming up next here they wor rob what's will be here to take you through. business updates will be taking a closer look at the coronavirus th

airbus were to become a new major competitor even selling more aircraft than boeing for a time in the early to thousands. aircraft manufacturers customers also changed as an increasing number of low cost airlines became major players. the ticket price war broke out now every cent counted for aircraft purchasers as well. competition and profit seeking lead to aircraft being designed with built in safety risks. according to boeing insiders not just in the case of a 737 max. pilot davi true and i can trust his life and those of his passengers to a boeing airplane almost every day. however he doesn't feel the problems are specific to boeing but rather rooted in society at large. and leaked from i don't see boeing as a source of the problem but the entire economy of the industry just look at the exhaust gas i don't see as involved in supplant economic pressure and a lack of oversight by regulators which can lead to even the largest corporations making fatal mistakes and of. the problem however is that errors and aircraft construction often prove more fatal than in other sectors accidents u

congress report noted a main cause was boeing's rush to develop the 737 max to compete with airbus, itsuropean rival. flights will likely be resumed before the end of the year at the earliest. boeing has been struggling since the crashes. it slashed the size of its workforce after incurring heavy losses due to the coronavirus. the u.s. aerospace giant posted a net loss of $460 million in the july to september period. that was the firm's fourth consecutive quarterly loss. >>> last month, china set a long-term target to double its economy and fwk a developed country by 2035. the key to achieving this is increasing income in rural areas which have a large welt galth g with urban areas. they are trying to fix that by digitalizing agriculture. >> reporter: this is china's biggest agriculture producer. but the per capita gdp in the pro-jins is about half that of beijing. >> translator: if you go online, you can sell your apples anywhere in china. this is great produce that should be sold all over. >> reporter: an i.t. startup has sent an instructor to teach farmers how to connect with consume

iran for having ordered a syrian palestinian group for carrying out a revenge attack on an iranian airbuslaim u.k. intelligence documents may show that the bomb was made by a member of the pflp, the palestinian front for the liberation of palestine. britain's foreign minister head signed a secrecy order last august to withhold intelligence documents relating to the case on the grounds of national security. lawyers say those documents should be be for the court instead of being held in the foreign office. it was in 2009, just before his return to libya, that he abandoned his second attempts at an appeal. in the third attempt to prove his innocence, lawyers say documents being kept secret are at the center of their case. >> the aviation industry is reporting larger than expected losses due to the coronavirus pandemic. the international air transport association had predicted a $100 billion loss i the end of 2021. it has now raised that to 150 billion. passenger numbers are expected to drop below 2 billion this year. that is less than half of the number from 2019. the world's largest maker o

raft industry on one side boeing on the other side is an airbus there is an opportunity to negotiate on that that do war on terrorists that is coming and in the place up the us are still in place terrorists that this forms will end we can cooperate in the question of the. the new bodies the size of bodies of the w t o that has been blocked by the administration but i'm very skeptic that. joe biden will go back to a policy of open markets and free trade he is perhaps a little less but he is a protectionist and he has to do so because this is what also his constituency wants and so just does europe need to be reactive in this relationship for all 'd their priors is that that europe can compress ahead and say to a new american administration this is what we want from you. and i think we should do so we should take let us cooperate on the purse is an unemployment protection and we should also make an offer to calm down the war on terrorists for our industries but still there will be conflicts and i suspect expect that the u.s. will mainly focused mainly focused on interior affairs what's

in airbus, you can turn the that elation system from normal to high and they recommend that in deicing, in boeing it is off or on. they never require the ventilation beyond during the de-icing. thatissued a middle about -- a memo about that. it gets quiet and still and it would seem like the perfect time to drink that cup of coffee you bought at the airport, but it is not. it is a time you need to keep your mask on. some of the public health people i talked to say to keep it on at least 15 minutes on after engines restart to give several exchanges of air in the cabin before you take your mask off. that cup of coffee at the airport as a whole other issue. the ventilation in airports is not as good as on airplanes. some airports -- as office buildings are, are looking at uv systems that might kill virus that you can put on the air conditioning ducts, different things like that. the whole question of congregating is as serious an issue in an report as on an herb lame -- as on an airplane. you do get people lining up for coffee, you get people lining up for food and other things. the calle

this week, we talk to airbus about the future of airplanes and space travel.it wherever you find your podcasts, including apple podcast and google play and, of course, the amazon echo. that's our show this week. thanks to my guests. thank you for making us part of your sunday morning. damian trujillo: hello, and welcome to "comunidad del valle." i'm damian trujillo, we are back in our studio for the first time since march. our guests are still virtual, but the topics are just as important on your "comunidad del valle." ♪ damian: and we're going to begin with some amazing work out of evergreen valley college in san jose. celso batalha is a professor of astronomy in science there at evergreen, and daniel reyes is a student mentor, he's an advocate for students. so, welcome to the show. we're going to start with you, celso, welcome to the show.

in airbus, you can turn the that elation system from normal to high and they recommend that in deicing, in boeing it is off or on. they never require the ventilation beyond during the de-icing. thatissued a middle about -- a memo about that. it gets quiet and still and it would seem like the perfect time to drink that cup of coffee you bought at the airport, but it is not. it is a time you need to keep your mask on. some of the public health people i talked to say to keep it on at least 15 minutes on after engines restart to give several exchanges of air in the cabin before you take your mask off. that cup of coffee at the airport as a whole other issue. the ventilation in airports is not as good as on airplanes. some airports -- as office buildings are, are looking at uv systems that might kill virus that you can put on the air conditioning ducts, different things like that. the whole question of congregating is as serious an issue in an report as on an herb lame -- as on an airplane. you do get people lining up for coffee, you get people lining up for food and other things. the calle

course friction over the past year or so and there is this continuing dispute over subsidies for airbus and boeing so that is unlikely to resolve itself very soon now the e.u. has also been pushing ahead with this agenda of more sovereignty in defense in trade trying to perhaps sort of rally itself up against the u.s. and that is also unlikely to change we need to up this marks a new chapter in european history where europe is independent where we can be proud of our european culture and identity will be able to stand up against china against the united states against the disorder we are currently witnessing european strategical told them is goal number one for generation we're sending a message not only door citizens but also to the rest of the world europe is the world power and then of course there's the issue of bragg's it those negotiations not going to well between the u.k. and the e.u. but the e.u. is hoping that a biden presidency will not give special treatment to the u.k. particularly if there is no deal breaks it so lots of issues that europe is waiting to find out about but

this is in relation to a long running to speak that's been going on in regards to subsidies given to airbus and boeing and trump himself. during his term as president has been fear eous about these subsidies. now it had been thought that the e.u. was going to hold back on these retaliatory taxes wait for that election to play out. and then it was a biden administration, sort of will reopen negotiations or a softly softly approach. but essentially it hasn't done that. and even the u.s. exporters are sounding the alarm. additional tariffs would be a major blow to the u.s. spirits industry, especially kraft to distillers who are struggling to regain their footing, following the closings of distillery tasting rooms, restaurants and bars due to cope with 19. well, it's not gone down massively well in europe, either the federation of wine exporters describe these retaliatory taxes. it's been dangerous and in comprehensible and said that raised the risk for them to the situation is now extremely worrying. it is more than ever necessary to get out of this interminable conflict, because that is the

apple and google this is something that still needs to be resolved and there are the subsidies over airbus and boeing all causing problems that joe biden will have to look at and they may not be a result the european leaders want now european leaders have been pursuing this path of sovereignty in terms of defense in terms of trade its general strategy and it looks like that will also continue. doing it up in a did an unprecedented step in european history and the consolidation of an independent europe which gives itself a means to confirm its identity and culture the 3rd to deal with china the united states and the global to suddenly a stronger more united and more sovereign europe. and then there's the other issue of the impending breaks it the e.u. leaders may be feeling pretty smug about this considering it is unlikely that the biden ministration will give the u.k. any special favors particularly if there is a new deal breaker which is how it seems those negotiations are going to end but let's be clear even leaders know that joe biden has a huge amount to do domestically not only has he

course friction over the past year or so and there is this continuing dispute over subsidies for airbus and boeing so that is unlikely to resolve itself very soon now the e.u. has also been pushing ahead with this agenda of more sovereignty in defense in trade trying to perhaps sort of rally itself up against the u.s. and that is also unlikely to change when it up this marks a new chapter in european history where europe is independent where we can be proud of our european culture and identity we'll be able to stand up against china against the united states against the disorder we are currently witnessing european strategical told them is goal number one for generation we're sending a message not only door citizens but also to the rest of the world europe is the world power and then of course there's the issue of bragg's it those negotiations not going to well between the u.k. and the e.u. but the e.u. is hoping that a biden presidency will not give special treatment to the u.k. particularly if there is no deal breaks it so lots of issues that europe is waiting to find out about but th

course friction over the past year or so and there is this continuing dispute over subsidies for airbus and boeing so that is unlikely to resolve itself very soon now the e.u. has also been pushing ahead with this agenda of more sovereignty in defense in trade trying to perhaps sort of rally itself up against the u.s. and that is also unlikely to change we need to up this marks a new chapter in european history one where europe is independent where we can be proud of our european culture and identity will be able to stand up against china against the united states against the disorder we are currently witnessing european strategical told them is goal number one for generation we're sending a message not only door citizens but also to the rest of the world europe is the world power and then of course there's the issue of bragg's it those negotiations not going to well between the u.k. and the e.u. but the e.u. is hoping that a biden presidency will not give special treatment to the u.k. particularly if there is no deal breaks it so lots of issues that europe is waiting to find out about

discussions over airbus subsidies but of course we also know that the drunk can destroy its relationship just have to look to china where we see what can happen so if in the next 4 years the president. fights the europeans like he fought the chinese the last 40 years and there would of course be terrible in here it would make him almost difference or who the u.s. president is all right got if a but my the president of the key institute for the world economy thank you so much for your time have a nice day. or welcome thank you. all right so we heard that the economy supposedly played a big role in the u.s. election and we already heard some key issues certainly with regards to donald trump's achievements here my colleague stephen badly from the business joins me now stephen you've been listening is there anything to add stiffness to fail them i leave anything out when it comes down the transit konami achievements. no i think it generally has a right monica think one of the things that i would add is that you know trump's major accomplishment one of his major accomplishments during his 4 y

of course friction over the past year or so and there is this continued dispute over subsidies for airbus and boeing so that is unlikely to resolve itself very soon now the e.u. has also been pushing ahead with this agenda of more sovereignty in defense in trade trying to perhaps sort of rally itself up against the u.s. and that is also unlikely to change. up in a did an unprecedented step in european history and the consolidation of an independent europe which gives itself a means to confirm its identity and culture and to deal with china the united states and the global disorder a stronger more united and more sovereign europe. and then of course there's the issue of bragg's it those negotiations not going to well between kate and that. is hoping that a bite in presidency will not give special treatment to the u.k. particularly if there is no brakes it so not sufficient is that europe is waiting to find out about but the reality is joe biden has so much on his plate domestically at trying to create that harmony within the u.s. and let's not forget that trump gained more than $70000000.0

starting today, part of a tit-for-tat escalation of a fight over illegal aides aid to boeing and airbuser on trade says it has nothing to do with joe biden's victory. >> the decision related to has notin boeing's case to do with the u.s. election, but links to the fact the wto has given us the award for $4 billion to proceed with our internal procedures. anna: maria tadeo is in brussels with the european investment bank president. maria? maria: we are joined by the president of the european investment bank. onave to ask for your take the european economy before we move on to anything else. interday, there was euphoria the markets. today, the market has taken a step back to reassess what is happening and we have coronavirus coming into play so can we avoid a double-dip recession or not? mr. hoyer: that is easy to be answered. since yesterday, we see light at the end of the tunnel and we saw it is real life and hope. it is not a surprise the stock markets reacted so strongly. overdose so wean are going into durational development in the next hours and days. are you more optimistic or does

there is the boeing airbus dispute. we also have aluminum and fuel tariffs. the u.s.eled sanctions against france specifically on digital tax. germany, the issue is they want to move very quickly into negotiations. it will bring up all these issues and basically being able to settle this. so it is more amicable than in the past. anna: what are they looking for from the biden administration? >> the administration has made more in favor of multilateralism. it is more possible to talk and reach a compromise. there is hope talks and relations between the u.s. and europe can normalize. germany particularly is aware that really this is the time to get things going on a free-trade agreement. we don't know what is going to happen later on. if you don't make use of this opportunity now, it might be too late. another thing you are focused on is the german budget. what are we expecting? germany isto which prepared to borrow to fund pandemic spending is crucial. basicallymakers have to hammeruntil 4:30 out this massive package for with 80 billion euros in new debt and extra spend

due to european subsidies for boeing's biggest rival airbus resulting in penalties goods worth up to $7500000000.00 you officials had hoped to avoid tariffs by a negotiated solution but the 2 sides were unable to come to terms how a very spokesperson for the european commission said monday a change in leadership in washington could affect the trade relationship between the 2 sides do you is waiting for the new president elect to take office the 4 starting to comment on what this will imply when it comes to our relationship if you will have noted of course the statement issued by the president on the areas of work to challenges that we both face on which we are looking forward to. very narrow cooperation with the united states. and for more on all of this let's go ahead and bring in hillary ford which board member with the british american business association hillary always a pleasure to have you on and i want to slow around with these tariffs approved by the european commission why were the 2 sides not able to come to a quote negotiated solution to avoid tariffs or both sides well b