and a mega order for airbus. we will speak with the ceo this hour. >> with less than 20 seconds to go until the markets open, let's look at futures. indicating downward. we are looking at a stoxx 50 session that is down despite positive data coming out of asia. at was not enough to set the mood and open these equity markets higher. tom: the ftse 100 is a flat. talking about the data out of asia, better than expected out of china but a big gdp mess from japan. the nikkei is coming in very strongly. an expectation of more stimulus. in china, there is a question about whether this data will keep the pboc on the sidelines. the ftse 100 is trading down. ibex is also down. christine lagarde will be giving testimony to the european parliament later this week and that will be in focus around any comments regarding the trajectory of that all-important december meeting for the ecb. the cac 40 is flat. moving along the cross as set board. a volatile week. the futures in the u.s. are flat after a solid day on friday. 1.2 in

up next, the european close and the airbus ceo. bloomberg. ♪ ♪ guy: we are wrapping up the monday session in europe. the end of regular trading. we would get into the auction and see the final numbers later on. for the moment, the numbers not look that exciting. the london market is barely budging. the miners had a huge break, names like glencore. the dax up .2%. in aggregate what is happening is another fresh record high. the stoxx 600 continues to move up. we are up around .9% of last five days. every it has been a couple of points here, couple of points there. the morning session fairly uninspiring and volumes have been relatively light. we just hit 488. we are pushing up into the close. let me show you the stoxx 600. this is the picture from a grr point of view. retail has done well. retail numbers through the rest of the week. there are the miners, down 1.2%. that is what is acting as a drag on the ftse 100. let's talk about individual names. loyal. shall, -- royal dutch shell will keep the shell. the market likes it. phillips

the ceo of airbus points us from that same event. miss that conversation, shortly after 8:00 a.m. u.k. time. this is bloomberg. ♪ dani: welcome back to "bloomberg daybreak: europe," i am any burner -- dani burger alongside manus cranny. we are watching for a virtual summit between xi and biden. what can we expect going forward? joining us is bruce einhorn. can you set expectations for us? what could come out of this summit? bruce: the biden administration senior officials are trying to lower expectations for this summit. they are saying we should not expect any great victories. the real point they say is it is about reestablishing communication at the top levels, to create some guardrails for the relationship, the idea being with all of these topics like taiwan, they want to make sure the two sides are talking to one another. i think that is the key thing we will get out of this. keep in mind it is a virtual summit because president xi jinping has not left canada since the pandemic and is -- left china since the start of the pandemic

that would dent airbus' domin ance in the market.r latest/. -- your latest business flash. guy: a couple of things to say about that. i thought that airbus had a stronger presence for the show than may be boeing did. the other thing is that airbus is pretty much sold out. want to buy a narrow body right now from airbus? they control the market in so many areas. you've got a long way. if you are a start up airline, you can go to air cap, or you can maybe go to boeing, who have the ability maybe to service your needs a little more quickly. alix: when is there that third player in the market? when do we get the other competitor where we actually heat up the space? guy: it has been a duopoly for a very long time, but comac is coming into the market. you will see the chinese entering the market. it will be interesting to see whether carriers outside of china and a buying chinese aircraft. they are going into the narrowbody part of the market, probably the easiest part of the market to enter, but it is still ferociously competitive between

we will be hearing from the airbus ceo of airbus on that mega order.n't miss the fourth annual bloomberg new economic forum taking place throughout the course of this week. we will be sharing face-to-face discussions in singapore among world leaders on topics ranging from finance to trade to climate, and cities and health. this is bloomberg. ♪ haidi: a quick check of the latest business flash headlines. singapore pros holdings has ended impact to privatize the company, signing a deal with another consortium. it values the company at just under 2.9 billion dollars and gives shareholders two options, and all cash offer of $2.36 per share, or an offer of $14.40 a share comprising a range of units and cash. a chinese developer says it has raised just under $1 billion with the sale of new shares stake in its property management unit. it also raised $450 million in the form of an interest-free loan from a controlling chairman and shareholder. it is china's fourth biggest pretty company by sales, and its health has been underscored to me since september. . th

airbus is trying to go beyond covid level demand. they are carrying out a fleet reset.y are said to hold talks about delays of the new boeing seven triplex jet. travel demand is rebounding steadily with premium demand. >> what has happened is a 45 month delay. we are now seeing an uptick in demand by significant percentages. we are now running at about 50%. it is growing every day. it is a good story at the moment. we are looking at the next for five months. >> look at the function right now. it is mostly higher. this was actually better than expected when it came to retail sales and industrial output. this is a little bit of a turn for the better. taiwan is up by .6%. futures in shanghai are lower by 4.5% given the property was. we continue to see the after headline. in australia, we are seeing yield heading lower here. here is where we and there you have it. woah. wireless on the most reliable network nationwide. wow. big deal. we get unlimited for just 30 bucks. sweet. but mine has 5g included. relaaax people. my wireless is crushing it! that's because you all have x

airbus has received a mega order for 255 narrowbody jets that will be distributed to frontier and twoow-cost airlines. airbus is trying to persuade suppliers who prepare for higher demand for the aircraft beyond the pre-covid levels but orders have remained flat this year. emirates says it is carrying out a fleet reset as trouble recovers which could affect or during numbers. the carrier is said to hold stocks about the delays to a boeing jet and could try to accelerate airbus 350 hangovers instead. travel demand is rebounding steadily with premium demand especially robust according to clark. >> what has happened with the delay is that we have seen an uptick and demand by significant percentages. not as much as it was prior to the pandemic but we are now running at about 50% or a bit more then where we were and it is growing every day. and congo is very strong. yes, it is a good story at the moment and we are looking forward to the next four or five months of business. >> let's take a look at the day ahead for australia. we are tracking the vaccine rollout. children from the age of fi

sees the ftse 100 down fractionally this morning's top corporate stories including a big win for airbus and a big sale of a certain well known washington d.c. hotel silvana is here with those good morning. >> good morning, brian here we are. so president biden named former new orleans's mayor mitch andrew to oversee the infrastructure bill biden chose him, who's a former louisiana lieutenant governor because of his relationship with leaders around the country he'll be helping to size and coordinate the infrastructure bill by working through the national economic council. airbus sales popping after receiving an order from indigo partners, which owns stakes in frontier, whiz air, and front smart. no value on the deal just yet but this is the first significant sale since the start of the covid-19 pandemic for airbus >>> and donald trump's family reportedly reaching a deal to sell the rights to the washington d.c. hotel for $375 million to cgi merchant group. cgi intends to remove the trump name and has reached a deal with hilton worldwide to have the property branded and managed by hilton'

airbus shares up 2.4%. ceo of front year will join us live at 8:15 a.m.k out shares of evgo that stock off by 7.7% that stock over a week ago that tells you the storythere. barry diffle not the build back better bill >> am i a page in your history book >> i don't know those lyrics that well. did you see paula abdul. she did it the same moves on that famous video. they look identical. >> no. go girl. paula abdul. remember when she was on and listened to steve liesman. she has taste. she wasn't she was like yeah steve. >> i thought she started howling. >> that was you. disney's "eternals" topped the box office the film's take dropped 51% from last week. is any of that film not cgi? second place went to "clifford the big red doing". >> definitely not cgi. brought in $16.4 million over the weekend. >>> still to come, the $1.25 trillion infrastructure bill what it means for the economy. president biden and president xi set to meet virtually. wael hear from a former national sec security about what to expect. we'll be right back. so, you want evs, you have come

airbus is about to get a dealfrom four airlines arm.ndigo group is the top shareholder. the fan financially battered airline industry, this is a sign the confidence is starting to return. but there is also realisation that the recovery will not be swift which is why many airlines are using this period to re— strategise and also rebuild flight networks. despite the optimism analysts warn that rising oil places and in fourth covid wave in europe could derail the recovery. keeping in mind that europe is actually one of the better regions in terms of vaccination rates it is very worrying. so for airlines that have re—established part of their network if not fully in europe, they may have to go back down to square one. this will be very destructive, it is going to push the recovery back even further. :: :: ., , to push the recovery back even further, :: i: ., , ., , further. 2020 was the worst ear for further. 2020 was the worst year for the _ further. 2020 was the worst year for the airline - further. 2020 was the worst year for the airline

over the last year because you mentioned that huge order that airbus landed you know, indigo partners landing or placing an order for 255 aircraft you talk to barry of frontier, one of those indigo airline companies, they're ordering 93 a321 neos this is the first big, big order at an air show before the start of the melt cdown of the global aviation market. >> get some of those planes out of the california desert a lot of money in boeing, dare we say taking off today. jim, you own boeing. got to love this >> well, i do. and phil hit the major points. listen, president xi and biden are meeting tonight. i'd love to see an olive branch extended in terms of the 737 max being certified and orders coming in, but there's something phil didn't mention. this dubai air show is very important. this is where big orders are announced. i really want a couple of big orders to be announced by boeing because if you go back to the summer, boeing walked away from the table with ryan air for a multihundred dollar deal for 737 maxes. if they walk away this week with big orders, that puts the pressure on

an airbus has landed on the ice in antarctica. >> the flight left from cape town south africa, arrivedany's base camp in a little over five hours. >> landing a commercial jet of this size on top of an ice glacier, of course that's a number of challenges, such as glare and lack of visual landing aids for pilots, also i would imagine skidding and worried about cracked ice and a million other things. i don't know. >> there's just a lot. also leave antarctica alone. we need to save those ice -- that ice from melting. doesn't sit right. >>> also from the friendly skies, a pint-sized flight attendant in training. >> this happened aboard a southwest airlines flight departing from texas. a proud papa captured the moment his thoughtful young daughter began handing out snacks and collecting trash. this is so cute. >> we've been telling you the airlines are starved for workers and worker shortages. a little guidance from the aircrew, she was able to tend to every other passenger aboard the plane and spread a little pre-holiday cheer. >> here, there's plenty of concern about putting kids to work,

it comes as airbus is targeting a 600 jet handover by year-end. is facing a double whammy from the end of its pandemic sales bone with supply chain constraints and soaring costs of commodities and freight weighing on its outlook. the fitness company slashed there outlook for next year by up to a billion dollars. the semi conductor act will help provide the lens of dollars to ease the shortage of chips which has reverberated across industries. qualcomm has signaled it expects the global squeeze will be easing soon. >> i have seen reports that companies probably will still be seeing shortages of supplies in 2023. that's not the case for us. you can find markets and areas that will have more demand. but largely, we will see a lot more balance between supply and demand, as we navigate into 2022. paul: the check crunch is the big -- a big issue for some of japan's biggest firms, from carmakers to some game manufacturers. the shortage prompted then tend to slash forecasts for the year. these are among the worst ormers on the nikkei 225, also due to chea

that's why a lot of boeing customers have announced airbus orders. boeing needs to get their act together. tom: that was michael o'leary speaking to is earlier. barclays down one pointer percent, paring losses when it -- 1.9%, paring losses when it fell 3.5%, as jes staley stepped down, replaced. we have a note out saying they are disappointed by this move as jes staley has done "an excellent job," bloomberg intelligence saying the strategy of the bank is likely to remain unchanged around the change of leadership. plenty more coming up. we are back in glasgow for special coverage of the cop 26 summit. stay with us. this is bloomberg. ♪ francine: we are getting some pictures of leaders arriving at cop26. they will join us where we are. we are right close. a lot of people will be in out over the next two weeks. global leaders in busi

airbus ceo guillaume faury said he is starting to see signs of a recovery.s landed a big order of 255 narrowbody jets with wizz air and three other discount carriers. donald trump's family run business is selling the rights to its hotel in washington, d.c. bloomberg has learned the miami-based investment firm is ending its contract to buy the hotel lease. it will be renamed the waldorf-astoria and will be managed by hilton. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm leigh-ann gerrans. this is bloomberg. ♪ ♪ >> i think chair powell has done a very good job of running the fed and addressing the issues particularly that arose when the pandemic struck, but what is important is that president biden to someone who is experienced and credible, and there are a range of candidates. jonathan: whenever someone says but, listen carefully to the stuff that comes after the but. but a range of candidates. lisa: she's noncommittal. she's walking back to some of the earlies

so it's using to see airbus, for example, are committing to having a hydrogen powered aircraft, which clarity would be gross 0 know c o 2 emissions by 2035. and i think that's going to be challenging, but they're, they're getting more and more confident that they can do that. but in the timeframe to 2050, we think that's going to have limited impact. it will have more significant impact beyond to interface. it will come a day when we can fly without emissions that will electric engine say for instance, i mean we've got some, some commercial flights now let's go half around the world on, on one, on one. so fuel will, will an electric power plane or other form of power play and be able to do that in, in time or not. again, not in the 2050 timeframe and that's why we think sustainable fuels is the answer there. but electric hybrid electric, these will be part of the solution, particularly for shorter range flights and, and hydrogen from 2035. and again, initially for short range, but beyond 2050, i think the will be technological solutions of will enable us to fly without missing any c o

mercedes airbus review of the decision not to penalise the max verstappen for foreseeing hamilton wideched a review after new evidence emerged relieved to be on board camera footage and it is believed to be as hamilton tried to pass him and he cut the dutchman by 1a points. skateboarders guy brown has made her debut in surfing at the qualifying series in brazil. despite placing second, she was eliminated as she incurred interference penalties saw her score reduced. she is 13 and the youngest professional skateboarder in the world and one a bronze medal at the olympics. all the latest sports on the website. from me tulsen tollett and the rest of the team, that is bought for now. the town mayor of new york, bill deblasio, will announce that times square will be open to revellers on new year's eve wants to watch the ball drop, signifying the start serve 2022. last year times square was closed for celebrations because of the covid pandemic and this is spectators will have to show proof of full vaccination or if they are exempt, proof of a negative coronavirus test before being allowed into

news from airbus at the dubai airshow — the company received an order for 255 new aircraft from indigoy firm. it's the european planemaker's first significant deal since the pandemic ripped through the travel industry. japan's gdp contracted an annualised 3% betweenjuly and september, hammered by the global supply chain disruption and a covid—19 resurgence. private consumption, which makes up more than half of the economy, fell by 1.1% during a virus state of emergency in the summer. china's third stock market has just gone online. the shares of 81 companies are being traded on the beijing stock exchange. the new bourse has been launched to support fundraising by small— and medium sized—companies. more now on the rising covid infection rates in parts of europe. you've been hearing austria today has introduced a new lockdown — this follows a similar move in the netherlands this weekend. dutch vaccination rates are relatively high, with more than 82% of over 12s fully immunized, —— with more than 82% of over 12s fully immunised, but covid infection rates are climbing rapidly and, as coun

airbus, deliveries are missing. are they going to meet that full-year goal? currently share prices are down. it is a solid gain for the insurance company announcing a buyback of around $2 billion. the wealth management part of that business doing very well. it reflects the strength of the balance sheet. being rewarded up to .6%. that is the safe play across some of those individual stocks. coming up, share action is a nonprofit that wants to hold a financial system to account when it comes to sustainability. we have a conversation with the ceo next. this is bloomberg. ♪ tom: welcome back to the open. the bond bears backed into a corner. you are looking at banks at the top of the list. at the bottom, energy prices and energy sector. opec-plus not ramping up production more than some had hoped. let's check in on pellet in. -- peleton. cutting its forecast by as much as $1 billion. the mirror side is there could be good news in terms of the reopening trend, but this has been very bad indeed. the stock took a massive hit yesterday. premarket, it is lower again. l

that is why so many customers have announced airbus orders. boeing need to get their act together.never the pricing is right, we have the cash for an order. manus: i do not want the pr line which is the greenest airline were customers can reduce co2 emissions by up to 50%. but we are going into cop. you have dealt with the green agenda for a long time. what is the biggest risk to you, or what can you do as a ceo of one of the biggest airlines in europe to continue to cop 26? >> the most meaningful thing we can do is invest in new technology. i'm so excited by the boeing max aircraft. we are taking a fleet of 210 aircraft deliveries over the next five years. these aircraft carried 4% more passengers. they burn less fuel and they reduce our noise emissions by 40%. not only do we make huge fuel savings -- cost savings, but we have lowered emissions. there is no doubt as an my mind that what aviation must do in the next decade is invest in new technology and new engines. there is no other way of -- the airlines can't to anything else in the next decade. but reduce our dependence on fos

some of the top stories today, sources say airbus deliveries start in october with the european playmakers only delivered -- plain makers -- plane makers only delivering a fraction of what they said they would. meanwhile, peloton is facing a double whammy from the end of its pandemic sales boom with supply chain constraints and soaring costs of commodities weighing on its outlook. they have slashed their guidance for next year by up to a billion dollars. the white house is pressing congress to quickly pass the semiconductor act which provides 52 billion for manufacturers and eases the shortage of trips -- chips. this is a big issue for some of japan's biggest firms from carmakers to game console manufacturers. the shortage prompted them to slash profit forecast for the year. yamaha and -- these are some of the worst performers on th25 after lowering their outlooks due to chip issues. you can read about these stories on our newsletter supply line. david: a lot of exciting stuff. the company signaled that it expected the global squeeze to come soon. >> we talked to her three earnings calls a

airbus has secured a deal for 255 narrowbody jets. the deal will be shared with various carriers.bus told us that this is cause for cautious optimism in the industry. >> we see the traffic rates going up. we are not back to everywhere in 2019 but we are starting to see the light at the end of the tunnel. >> we just saw the reopening in the north atlantic. will we see the transition from this being a narrowbody recovery to a wide bought her -- body recovery question mark >> that is a very important question. thank you for asking. -- wide body recovery? >> that is a very important question. thank you for asking. we see the full recovery between 2023 and 2025. when exactly, we don't know. we think that asia will take more time to fully reopen. >> let's talk about the freighter market. it has kept many airlines going during this crisis. i was talking to virgin atlantic about this. they see a big story going forward. when are we going to start seeing a big order for that? what are we thinking about the structural change in the market as a result of what freighters are doing right now?

the big and is in the aviation sector right now whether or not airbus is going to hit its 600 targety year end. increasingly looks like that could be a struggle. alix: a struggle indeed. coming up, a surprise pickup and german investor confidence. we will break down that in what it means with hannah gooch peters, san lahm investments -- hannah gooch peters, sanlam investments global equity investment analyst. st. ritika: let's check in on the bloomberg first word news. prime minister boris johnson is over fire -- is under fire over a lobbying scandal. the government has been openly accused of corruption in parliament. even newspapers that are typically friendly took aim at johnson's party. a new poll shows his approval rating at a record low. vice president kamala harris is in france, continuing to try to heal a rift between the u.s. and france. she said she was looking forward to many days of productive discussions. u.s. and french ties have been strained in recent months. russian gas is delivering on a promise made to europe last month, kicking off a plan to send natural gas to eur

obviously a very important partner of yours and so is airbus and you do a lot of after market, whichou and i both know it's not performing the way we know boeing can >> i'll let you pick that up with our friend, dave calhoun, when he's on we're thrilled to be partners with both boeing and airbus. these are important, long-term relationships in both instances. and today our commitment to both partners does not change and there's nothing we've announced that will do anything but strengthen those ties over time. >> what do you do when it's fourth and 15? >> depends where you are on the field, jim >> i thing you have to punt. >> it's first and 20 for ge. >> fair enough let's bring it back. i thought you might have insights and i'm sure you do but maybe this is not the right time >> i would assume over the next year and two years n vesters are going to start demanding more information, more transparency as they try to understand what they're going to look like on a stand-alone basis. is there an expectation that you'll provide more grannial airty on most of the businesses? >> and customer

on the first trip he resolved a 17-year long dispute between boeing and airbus and set a blueprint for how the united states and europe should work together to take on china's noneconomic market practices. on the second trip, he resolved president trump's steel tariff dispute to europe, not only creating a circumstance in which those tariffs get relaxed, but also having the united states and europe propose the first ever carbon-based sectorial agreement for steel and aluminum that itself will serve as a blueprint for protecting workers both in europe and the united states against china's over-tax and achieve overall emissions in a sector that counts for 10% of global emissions. i actually think if you look at the president's trade and economic policy particularly as it relates to europe, you see a study of contrast with president trump. >> and the asians would say what about the transpacific partnership or some way for the united states to ally with them economically to counter the weight of china? >> while president biden was in europe, he had the opportunity to sit down with many of

a bus -- airbus needs december deliveries if it is going to make its goal for the year.reached 500 aircraft as a year and push is a normal part of operations, but this year -- aircraft at the end of -- aircraft on friday. an end of the year push is a normal part of operations. consumer credit rose $942 billion in october. borrowing on credit cost made up or almost all of that increase. bp is taking another interest in the transition towards cleaner source of it -- sources of energy. it is planning on building a clean hydrogen facility that could start producing the gas by 2025. energy companies are pouring money into the hydrogen business. they expect it could release hydrocarbons in a number of industrial sectors such as power generation and trucking. that is your latest business flash. guy: thanks very much, indeed. european equities heading into the close kind of midrange. we have been going sideways erie at how little bit of a selloff 10 or 15 minutes ago. we bounced off that. on a two day basis, the stoxx 600 is now down by 2.8%. equities off their lows. it is a pre

airbus down 11.3%.hich is been the go to stock to see how the market is feeling about this space, carnival down nearly 16% today. iag dedicated to long-haul travel in terms of the basic business model, trading down 14.58%. that is the owner british airways, the owner of aer lingus. we have to call into question whether or not this kind of return from a narrowbody recovery into the united states into europe travel story slowly starting to return for long-haul markets. you wondered whether this latest news will put that on hold. kailey: let's continue this conversation on whether the travel industry will put back to a screeching halt. joining us is kate nickel. guy just outlined the market is not taking this news well today. can you give us a clearer sense of the actual impact of south africa and its neighboring countries specifically in the u.k., or is this about something else? kate: first and foremost, it is too early to say what the impact of this will be. what you are seeing is in immediate market re

session for the travel and leisure space you can see carnival has been at the bottom of the boards airbus in the orders around space and aircraft and west field is fascinating the real estate shopping asset seeing that fall aggressively on fears of further restrictions. let's push on and take a look at comments out of germany. these comments from the health minister, but he does seem to be commenting on the existing concerns around the latest wave in germany he said the coronavirus situation is dramatic, more serious than any time so far he said the wakeup call has not reached everyone in germany. this wave will spread amid germany he says contacts must be reduced and the variant found in south africa gives pause for concern. he says, just to repeat that, the varn found in south africa gives calls for concerns if measures aren't taken, then complete contact reductions could come into effect that's a line out of germany how they see the health crisis >>> the annual shopping festival of black friday is here again. although many stores kicked off early, consumers may struggle to find what th

it is the case for the dispute between boeing and airbus, with the lift of the tariffs thanks to thegreement. it is the fact that for the trade tariffs, the volume of steel and aluminum expectations from europe to the u.s., it will lower the price of the aluminum and steel. so it is going in a good direction. that has not ended. we still have to find an agreement for the future because we could not accept the fact that there are some tariffs on european steel and aluminum because supposedly, this exportation harms u.s. national security. but it is going in a good direction and it will have some good effects on the prices, i think. so it will have good effects for both. -- for growth. jonathan: good to catch up. the french trade minister. from new york city, the focus shifting to retail sales. mike mckee in the building, in the studio. the data moments away. if mike mckee can hear us. tom: i guess he can't. michael: i didn't know that was an introduction. jonathan: just a little softball, if you might, to hit a home run welcome, sir -- hit a homerun. welcome, sir. tom: jon, he was loo

just looking at the airbus share price, this is the giant of a business, down by over 10%.t is not the biggest weight on the stoxx 600 this morning in europe. that is lvmh. luxury goods, champagne, perhaps not what everyone wants around this news around the variant. lisa: i thick it is really compelling that united kingdom health officials came out and said we are watching this closely, we see concerning signs, we are ticking some action on the travel side, but not with respect to covid restrictions. anna: one of those has been for a long time the emergence of another variant. if we do have another variant, we could go down that road. but we are a long way from that. i guess the interesting and sad thing about the european story more broadly across the european continent is that there are other parts of europe already dealing with icu units getting very busy and close to capacity in some places, and very much not in others. we are already dealing with that. that was just the delta waves. that is what we are going to be looking forward to see how this new variant makes life

airbus' ceo said he is starting to see signs of a recovery. that the pfizer/biontech shot resulted in the strong as demeanor response. researchers looked at four vaccines and found that people getting sinopharm's inoculation may be particularly susceptible to breakthrough coronavirus infections. that is your business flash. that study, though, didn't take into account moderna. it was astra, pfizer, the russian vaccine sputnik five, and sinopharm, so i am interested to see if moderna was in there, how that would check out. guy: i don't know which one i am going to be getting. i'm getting mine very shortly. i don't know whether we are doing some matching. it will be interesting to see what you get if you've had one, whether you get the pfizer, if you get the pickup as well. that is what i am curious to figure out, particularly at a time when cases are climbing pretty sharply here in europe. it is going to be interesting to find out whether that dissuade's sharon bell of goldman sachs on her call, a positive call on european equities. we will fin

airbus down by 11% right now. trading at $99. carnival trading on both sides of the atlantic.dustry front and center throughout this entire pandemic in terms of the pain that has been felt. that stocked down by 14%. then you come into the airline sector, definitely the long haul carriers most exposed to this. we have already seen what happened with south africa. we have only just reopened the north atlantic. iag, the owner of british airways, iberia, aer lingus, down by 15% today, trading at 130 dollars. european stocks are down hard and on big volume. the close is next. this is bloomberg. ♪ every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today.

they both flew an a350 airbus, roughly the same weight so they could take off executive the same timei'm not sure which one will arrive first, but maybe we will get a report on that a little bit later. alix: kudos to you for pointing that out. i was like, yeah ok, planes taking off. by your ticket, guy. followers of elon musk voted to sell 10% of a stake in tesla and a -- in tesla in a poll over the weekend. tesla shares taking a nosedive, filing the most in about eight months. your take on tesla in the last few hours? >> elon is talking about doing this because the democrats are talking about taxing billionaires on their unrealized gains. he's got a lot of stock in this company, 17%, that he hasn't sold. he has actually kept cash against selling those shares. so if he is coming to get taxed, he is saying i sold these, so get off my back. 10% of his stake would only be 1.7% of the company, which isn't all that much, but i do think maybe shareholders look at this as anything that shows a declining stake in may be less of a committed long-term, but it is not like it is going to increase

dealing with, so the short term is impacting the medium and long-term that's relevant as we talk about airbus, down about 9% and dufry impacted as well across the boards it is a safety trade today. pandemic winners are back in the action at this stage and brian, perhaps it's the same for you later on today where you see a lot of investors, traders revisit some of the big winners but just a quick look too across the hotel space, one of the big players in france, it trades down 5%. intercontinental also off 5% so positioning around fresh restrictions that may be required around this latest twist and turn with the pandemic >> karen, if you're looking here at u.s. airlines like american airlines, united, looking on cnbc's website they are down 7, 8% carnival down 10%. marriott down 6. anything with regard to travel or getting out is being sold off, kind of that covid playbook we know so well right now. it's kind of -- i don't want to say panic but it's hit sell now. people are getting in front of it have a great day, karen, thank you very much. >>> it is on days like today you realize the markets

. >> we had an airplane, an airbus out of santo domingo to san juan, and san juan to orlando. of the summer. someone in the wheel well survived the trip. >> reporter: the faa says 129 people worldwide have tried to stowaway this the wheel wells or other parts of the plane. of the 129, 100 died from their injuries. beyond freezing temperatures, discal explains what makes stowing away so dangerous. >> lose consciousness because of lack of oxygen, or hypothermia or any of those things. and when the gear comes back down, they fall out. they are not wedged in properly or they don't hold on to something properly, and they fall out of the airplane to their death. usually, this is a very tragic thing. >> reporter: the incident also raising security questions. >> no person without access to an airline ramp should be able to walk out on the ramp and get close to any of these airplanes. much less being able to get up into the landing gear area of one of them. >> that was nbc south florida's ryan nelson reporting. >>> more covid concerns. we will take a close look at the impact the unvacc

airbus booked it is first order for a newly launched wide body freighter, pushed into a market dominatedproblem. besides a slew of retail earnings, have a couple tech names reporting n -- nvidia, cisco. qqqs, hit a record high of on november this. right now it is trading right below that level. also our "countdown" close's pick. harmed pepper, pepper international absolutely loves tech. give us your thesis right here specifically as the qqq is very close to its record highs. >> hi, liz. i think that qqq is close to its record high today but we still have much more to go in the coming years. consumers have switched over virtual lifestyle companies and companies switched over employees coming in a few days a week. hetech life is here to stay. they will come out fighting again the next quarter. i think we'll see a very, merry christmas for all the tech enabled online businesses and i think qqq has more to run. liz: okay. we know the qqq has a lot of tech in there. in the s&p five hundred more than 90% of the tech names in that broader index have beaten on earnings estimates for the third qu

here it is visa and mastercard, it is airbus and boeing.here's no other place to go also, you know, 80% of the world's population has never been on an airplane. it is nice to think of a market like that that's still wide open, and, again, in three years it could be gangbusters again. >> you raised visa, so let's spend a moment on that one, which we are showing it on screen it is another one of your picks here that one i might argue with you that there's no competition. you know, you have seen what is going on with buy now, pay later. obviously crypto, the bitcoin network. even in europe where they're building their own payment system starting with peer-to-peer doesn't it mean there's new rifl rivals that never existed and that's why retailers are pushing back to lower fees >> i think so. obviously you are see in amazon is the latest example of pushing back on fees in the united kingdom. first of all, i would take it as a great tribute to amazon and investors should take note, wow, we have a customer big enough to singly pushback against vis

it supplemented on a broader skate over the next several years, which is great news for boeing, ai airbus that is the cycle that's coming. you may not see it over the next couple weeks or months, that is the cycle that is here >> it will be interesting to watch. phil, thanks, we'll see what the lines look like, especially at ord today. ntuein" "squawk on the street coins a moment. jerry is here! j! mate, how are ya!? it's so good to see you. good to see all of you, yeah! why is jerry so... popular? it's been like this ever since we started using workday. what do you mean? it makes it easier to develop great relationships with our suppliers. now everyone, everywhere loves jerry. they sure do. they do. they really do. mmhmm. workday. finance, hr, planning and spend management for a changing world. when it comes to autism, finding the right words can be tough.d spend management finding understanding doesn't have to be. together, we can create a kinder, more inclusive world for the millions of people on the autism spectrum. go to autismspeaks.org what does the future of strength look like? it

the easiest way for china to fulfill this deal is to buy planes from boeing and airbus.lk about how both presidents are coming from a position of strength, but who do you think has the upper hand here? stephen: it is tough to say who has the upper hand. they both want to see, as china said in state media, even the foreign ministry spokesperson saying they want to get this relationship back on the right track. they say this is a critical crossroads in the relationship. obviously, xi jinping domestically has never been stronger. we have not seen as strong as a leader like this since the days of mao zedong or the years after the death of mao zedong. biden, a rocky road for his first year in office. he does have the wind in his sales from the infrastructure built, but it was hard -- bill, but it has been hard-fought. he's been battered even in his own party. it depends on what perspective you are coming from who has the position of strength. it seems as though they know each other, they will try to develop a relationship. i don't think it will be the kind of friendly relatio

it's going to be a hydrogen engine that will fly on an airbus, acre, mid-30s.at ge has strong expertise coming off the early conversion of their gas turbins to run on hydrogen not 100% yet that's common. so the energy change is actually a big catalyst for growth for ge >> go ahead, finish your thought, sorry >> no, no, go ahead. >> i want to ask, how long have been covering ge i think i have been talking to you about this company for more than 20 years. correct me if i'm wrong? >> yes, since '83. >> since 1983, what have you seen over the arc of that time and you know how shocked and surprised are you? >> i have to find my own job, i worked at ge this guy jack walsh was going to turn the place upsidedown. the guy was the youngest, 45 to run this company particularly since he was keen to work out of everything they were already a leader at this concept was radical. he introduced the concept of not waiting to take a loss when you closed this business, but actually restructuring it, you know before that occurred. you know, it's been an interesting you know company