. >> that's right, that's airbus and boeing, the giants we are talking about. they always have sort of a rivalry going at any of these industry shows. european-based airbus had been edging ahead with nearly three times as many new orders, but u.s. boeing has gotten a little boost today. qatar airways has finalized the generation 50 new planes made by boeing. the deal, worth $18.9 billion. china's hine on airline has agreed to purchase $5 billion worth of aircraft. planes are for those made by a trans-atlantic joint .enture it is obviously a battle for domination of the market playing out both on the ground and in the skies. this report from our correspondent from the airshow. >> it's one of the stars of the airshow. just a year after its first flight, it is already in the final testing phases. this long-haul air carrier is on a mission to take on boeing. >> since its launch, the 350 has been pitched to compete against and triple's 787 seven fleets. so far, this positioning has been successful. we already have 740 orders and 38 customers for the day-350 before d

. >> is not just airbus and boeing. d's fastest, most expensive private jets are there also, and we are talking about gulfstream, and the latest model can deliver you and your closest friends want to go at nearly the speed of sound. >> we are sitting inside the gulfstream. it is the largest business jet available. it is the longest range of business aircraft. the largest cabin. and it is also the fastest certified civilian aircraft any -- in the world. it has a advanced cockpit, control systems, the advanced -- most advanced a business jet on the market today. this is a fairly standard layout for the g6-50. 13, for both eating, sleeping, and working. the airplane can fly for almost 16 hours. missions attypical 9/10 the speed of sound. the price is $650 million. plus escalation, and we have a backlog on the airplane that extend out until 2017. you have to wait your turn in the queue. but it is worth waiting for. >> that is gorgeous. all right, here are some of the other highlights from the world's biggest air show. ♪ ♪ >>

companies like airbus and boeing. they don't want to bring new planes to market. t to renovate and fix up the old planes. alcoa will benefit for them. charles: matt, it's been a heart breaker for a long, long time. i can see anyone involved in the stock in the last ten years being somewhat skeptical. >> you look at the chart, it looks like a tech stock. they shut down plants that weren't making money. valuation is below .6 which is a great valuation. the chart is so good, it concerns me. i'm not chasing it here. >> it's amazing what they've done for themselves, though. it went from alcoa no longer is the tell tale of earnings season to here we are talking about alcoa like it's in the beam in the storm. charles: who cares? but now it's a little different. >> commodity play concern you? >> not as much as it used to. i think alcoa, aluminum foil, it's a robust company that's in a space where lighter metals is where it is. lighter planes so can you take them on less fuel. >> and autos, they are providing a ton of aluminum for ford for aluminum bodied cars and the ford

airlines for a long, long time, done a lot to talk about the airlines between manufacturers, airbus and boeinginformation and that's -- we've done a lot in the f a. a in the last 17 years. what hasn't happened, what needs to happen now, is the information sharing of this information about the war zones and that is not happening, why the airlines are getting together in montreal to discuss just that. the international civil aviation organization has not stepped forward and provided this information sharing yet and they need to do that. that is their role. >> clive, how tough would it be to do this, to make that sort of system work? >> i think it's a problem that lacks solution at the moment because none of these bodies are supposed to be coordinating the information about risk assessment over war zones, none of those bodies acts fast. and they are very bureaucratic. first thing they do is hold a summit meeting, then have committee meetings and after the committee meetings, issue reports. this is what is going on in relation to the disappearance of flight 370 and what will go on in relationship

and modest expectations for boeing. the bright side is chinese demand. that is really where we are likely to see the lions share of orders. china is nearing in order for airbusing. we're not sure if it will be the 737engine offering, or the max. it is the new single aisle jets offered by boeing. they will also be looking at the 777, the wide-body workhorse. knowing is upgrading that plane in the coming years so it will be more fuel-efficient. it will have composite wings and things of that nature. orders for that have been quite strong. asna make it attention farnborough begins today for its weeklong show. >> you listed would boeing is changing, any other announcements from aircraft manufacturers as to what they are changing? >> let's stick with going for a moment. is will please airlines, but it may not please passengers. they are squeezing more seats into that 737 single aisle plane. thet isn't tight enough in air these days. >> exactly. it is going to get tighter. they will seek as many as 200 passengers served remember, this is a plane that originally had about 100 dirty or when hundred 40 seats. as a make a longer, they stretch ,nd squeeze in center sea

there is the issue that airplane manufacturers, airbus and boeing are trying to get into this space insteade space to second party markets. why do you like meggitt? >> it is a business that has strong competitive advantages. most airplane parts are sole-source. once you have the component in an aircraft, that stays there -- the 30 to 40 year it is 40 year life of the airplane. it is a stable and visible revenue stream. taking aitt they are leaf out of the automotive industry book and getting ahead of aerospace companies in implementing things like supply chain management, working capital management. the aerospace parts industry has been fat and happy for a long time. they are doing a very well and that will give them the opportunity to win business from the competition. that has happened in one case. fuelmade a part of the system for sikorsky and they said to take the whole system. they took the whole system away and gave it to meggitt. >> thank you. good to see you. pat dorsey. coming up, dreamworks animation prepares to report earnings. mamet -- a few moments into the session. stale "in t

and i am caroline hyde. >> airbus dominated the first day of the show, a 21 billion dollars sales blitz. the deals gave airbus an early lead. could boeing fight back with more deal announcements today? edwards is onna the ground with more. day two,ou expect on and i? airbus to see you, jon. netted 24 -- $21 billion of orders on day one. they're also stealing the headlines by talking about the nore efficient version of a older model aircraft. will others be joining that list of buyers today? that is one thing we are watching. could be boeing stay in the sun? thele familiar with situation are telling us that we need to watch the leasing companies today. particular, could there be $9 billion worth of orders from a aviation.r and boc leasing company also is one to watch today. could that be a buyer? leasing very much in the bit as he headed into day two of the farnborough international air show. yesterday we saw a spectacular flying display. it featured everything from vintage biplanes to the a350. the red arrows were here and also the euro fighter. a very noisy display, obviously. you might hear some of it in the background during the next

airbus and boeing will be there as they are ever year. the backlogs they are facing is staggering.ers, as an industry they have seven years worth of work. >> that is a good problem to have. "taking stock > >> it is. 11, 500 planes. we ares of new flow, possibly going to see some big orders. it will struggle to live up to paris. >> when you see. those numbers you quote it in terms of the backlog, it takes you back to your starting days because she were an aviation analyst. when you see the overcapacity from air france and lufthansa, does that impact in terms of how these guys plan? >> what happened in those particular airlines, they have competition from middle eastern carriers. that has been a trend. qatar and emirates. offering better products from the middle east. the flag carriers in europe have been trying to keep up. they face competition's short-haul from low-cost airlines. all airlines have been trying to get more energy efficient. orders so massive they can get more energy efficient. they are trying to drive profit out of these routes. >> the planes are getting bigger. >> b

i worked on one with airbus and boeing and working well.sharing, it's the responsibility of risk assessment. risk assessment is dependant on good information, solid information and as richard pointed out, the states that cannot or will not report that they do have risks, for whatever reason, they can't do it and so who is going to step in? the airlines can't go in and figure out what the military is doing in every country they fly over. that's impossible. >> we're talking about what happened in tel aviv where you had the faa saying no, the europeans saying maybe, some flying, some not flying. we have a situation over iraq at the moment. the largest airline in the world says its no longer going to fly over iraq. it's moving its roots elsewhere. other airlines are saying no, it's safe to fly over iraq. it leaves the traveling public with the single question, is it safe or not? the regulators, frankly, are bashing this around hoping to reach a consensus. >> in terms of the crash site, at this stage, though, and again, there is more investigato

airbus and boeing supplier cited a particularly strong performance in its civil aviation operations.cginnis, the cfo from safran joins us from paris. let me ask you about the russian exposures. you've reported that the defense electronics business could be impacted by eu and u.s. sanctions, not significantly for the parent company. but still, can you explain some of the practicalities, how the sanctions would hurt? >> in fact, most of us our dealings with russia are in civil aerospace. the defense exposure is very, very modest to the point of in material in this case in the general slope of things. >> way up by both exposures, civil and defense, was the immediate impact short and long-term because we don't know how long the sanctions are going to last. >> well, as the sanctions don't concern similar aerospace activity, it's unlikely to have any significant impact. >> let's move on to a joint venture that you have with ge, the business cfm as it's known is developing at least 18 inches for boeing 737 max citing development. but i noticed that the accelerator has been pressed on speedi

and an excellent source of fiber to help support regularity. mmmm. these are good! the tasty side of fiber. from phillips >>> boeing and airbusland. phil lebeau joins us with latest. phil? >> reporter: carl, if anybody thinking thicks are slowing down in the airplane tri, they would be mistaken on the news coming out of here today. airbus, announcing this morning anew wide body plane, a-330 neo, a plane 14% more fuel efficient according to airbus per seat than the current a-330, competing with 787 dream liner. people have said the market has had big business over the last several years -- excuse the plane plying over -- people have said is there enough demand? talked with boeing ceo jim mcnerney, sees no slowdown in the demand for not only wide bodies but all planes. >> we anticipated that the middle of the big airplane market was where the action was, not at super big airplane or the smaller wide bodies but right in the middle. that's what's happened. we've got 1100 orders for dreamliners spread across dash 8s, 9s, 10s. we've got the market covered and the market is there we think it's great. >> reporter: meanwhile, lockheed

airbus and boeing are going toe to toe with strong orders going forward. they say the u.s. market is right for business. >> we ramped up production to 50 a year and there's a huge market of replacement in america. >>> and a big $7 billion mortgage settlement today that will include members of the s&p 500 as they release results. >>> and a sweet deal to kick off merger monday. lindt is buying russell stover. the deal is the biggest in lindt's history. >>> could it be a fifth time lucky for the u.s. drugmaker as they raise their deal to $53 billion? >> announcer: you're watching "worldwide exchange." bringing you business news from around the globe. >>> the farnborough hair airshow is happening in hampshire as the fleet has been grounded in the u.s. but will they turn up at all this week? phil lebeau is joined exclusively by the ceo of lockheed martin. >> reporter: thank you. i am joined by marilyn here, will we see this fleet here in the u.s.? >> we are in a development program right now, so we are in the midst of dealing with a particular issue, but it is like any aircraft d

the second half of next year and we feel confident we'll be able to get there. >> obviously airbus and boeingion's share of the attention here. what you're doing with the c-series is trying to go into the lower end of the market in terms of size and passengers. are you finding robust demand there? you have a lot of letters of intent but do you believe that market can grow as quickly as some of the larger areas? >> absolutely. our market forecast says there will be about 7,000 airplanes sold in this segment over the next 20 years. we feel it's an underserved segment, and that's why you optimize an aircraft for this segment. we absolutely feel confident it will be there for us. >> guy hachey, the coo of bombardier on a day they get another relatively large letter of intent commitment from a customer out of china. guys, back to you. >> okay, thank you, phil. phil's going to be back with us live from the air show in the next hour. coming up at 8:00 a.m. eastern he's got an exclusive interview with the coo of united technologies. bringing high tech to the hospital experience. kaiser permanente the

and 60 gallons of paint. it takes 42 days to produce just one. boeing and airbusope to produce 1800 planes every year by 2018. that's equivalent to about five jets per day. over the next two decades the manufacturers predict the number of planes in the air will double to more than 30,000. trillionrice that is 4 dollars worth of planes, equivalent to the entire output of the german economy last year. >> plane makers already have seven years worth of orders on their books. what's on the agenda for the air ?how in farnborough there has already been a few pieces of news. bring us up to speed. >> absolutely. airbus kicks things off in fine style by announcing this. new option.y means they are taking an aircraft that has been around for years and giving it a greener more efficient engine. they are taking existing models and just improving their efficiency. thisis attractive is that is an aircraft that can fly long-haul but only requires two engines. airlines such as air asia, tony was speaking to me saying he thought this would be a killer aircraft. he has been putting

countries have a similar program, which means that we will unilaterally disarm -- them and airbus will kill boeing true. other companies subsidize their firms, but that does not mean that it is a good idea. both economist will tell us that these trade distortions, they cost a lot of money as well as gaining money. on that it is not clear what they gain here at meanwhile, they make it hard for our domestic aircraft characters -- carriers to compete abroad because their foreign investors not.iscounts and they do overall, it is a small effect but it is a statement of subsidye that it's a to corporations. and this is something that reformed conservatives have been complaining about for a long time. tim carney has been pushing this. did those people have got a victory --and not an important to say,but symbolically republicans are really against corporate welfare. this is not just business against people. >> let me switch subjects immigration. the reform bill has officially died in congress in the house. there are currently thousands of kids coming across the borders unaccompanied and for the most part

here at farmboro, sure, airbus and boeing, their commercial airplanes get a lot of the attention, but it's the military jets, well, that's what everybody's looking for, and we saw plenty of them today. usual cast of characters were here from all of the major defense contractors putting on a show for everybody. but one thing that we noticed is what you didn't see. amidst all of the planes that were flying around, including a few unmanned military aircraft, you did not see the lockheed martin f-35. it was supposed to make its public debut here in farnborough, but it didn't. it's been grounded since an engine fire in late june in florida. that's just one of the latest problems facing the f-35. there have been cost overruns, lengthy delays. today we talked with the ceo about all of the criticism. she says this plane will eventually pay off. >> we have to have military superiority in order to protect our citizens. and so, it's absolutely imperative that we're constantly investing in the best technology that we can so that we can have an advantage over our adversaries. >> as you look at sha

airbus. this is something we will cover on surveillance. there is something going on between boeing andnow what it is. >> they all want the wide-body volume. that is where the growth is. >> and has changed from narrowbody to wide-body. the seo of boeing about month ago. i think he's got it going. >> -- spoke to the ceo of boeing about a month ago. he's got it going. >> angela merkel has been chancellor of europe's economy for eight years. she turns 60 this weekend has a 71% approval rating. you might ask, is this as good as it gets? especially when you consider the fact that germany actually has an infrastructure problem. that is the latest article in blimp -- bloomberg businessweek. put it into perspective. how much worse is germany's infrastructure than ours? >> shockingly bad. they have one of the lowest investment grade, both public and private, in the oecd. among the industrialized economy. shockingly, germany's roads are bad. the autobahn is ok, but it's all the secondary highways that are in bad shape. i've seen various estimates, but they all run between $7 billion to 10 billion

that's an annual event where the big commercial aircraft makers, boeing and airbus revealed their latest orders. always seem to have surprises up their sleeve while they show you the best new models. boeing stock has been an absolute dog. ever since former house majority leader eric cantor lost his primary last month. now, cantor had been a big backer of the export/import bank, which gives boeing a financial edge against the heavily subsidized airbus from over in europe. there are now fears that without cantor, republicans won't allow the export/import banks charter to be renewed. and that's cast a real over the stock. maybe it can be lifted. although, you have to remember that boeing was, indeed, the best performer in the dow jones average last year. so maybe all it's doing is consolidating those gains. don't get discouraged, be patient, that's what my charitable trust is doing. tuesday, huge. first, we get results from jpmorgan. and this will be -- we'll be listening to much more than just the earnings. now, i am told that ceo jamie dimon will be on this conference call despite the tou

and turned and perform a touch and go maneuver with the seven ton aircraft designed to haul 280 passengers. boeing is trying to impress the executives and stay ahead of airbusch is unveiling the new model which is the answer to the dreamliner. >> i am terrified. >> here is a look at fog which is not is bad as a we have been expensing early this week but spotty drizzle loan the coast for the morning commute and less human today, cooler in some areas and the weekend warmup is ahead. we will see how the remark is moving along on the roadways with a project eastbound 580 will wrap up at 6:00 and we are seeing a buildup of traffic in the westbound direction. we are on the brakes coming up to 580 and it turns into 56 miles per hour approaching the altamont pass and you are good to go in the westbound direction but the eastbound north flynn road you will find construction crews until 6:00. in oakland, southbound 880 from 98th to davis we will have construction, as well, so lanes are intermitently closed with the wrapping in a few minutes. >>> we have an update on a bay area mother who collapse granddaughter an aneurysm two weeks ago when a blood vessel burst. she

and regain the confidence of shareholders. more on the markets a bit later. makers" next. ♪ live from bloomberg headquarters in new york, this is "market makers." >> the dog fight resumes. boeing and airbuse for aerial supremacy. >> another atlantic city casino may be shutting down. that is raising questions about the town's future as a gambling home. >> it is another tequila sunrise. one of the world's biggest liquor companies take a majority stake. this is murky makers bank." -- "market makers." >> i am in for stephanie ruhle. eutschland. to pay $7agreeing billion to resolve that mortgage bond investigation. attorney general eric holder spoke at a news conference less than an hour ago. departmentice retained a landmark civil settlement with citigroup. >> pretty soon, you will be able to bid on sotheby's auctions online. they are teaming with ebay to do some auctions online. ebay is looking for different opportunities since its traditional business as load -- slowed. for the first time, you will also be able to buy a 3-d printer in home depot. partsn use it to build like cupholders. if you feel like a sardine when you fly a cut-rate airline, that is because boeing is giving the customer

airbus unveils two new jets. we are live with the chief executive officer and rival ceo of boeing. a 31 billionck pound offer. you are very welcome to "the bloomberg's from european headquarters in london. i am manus cranny. we begin with the world's most-watched sporting event. germany has won its fourth world cup title. it beat argentina 1-0, scoring that goal in the second half of extra time. hans nichols and ryan chilcote are with me now. look at that. it is a phenomenal site. -- sight. >> i came in from london last night and stayed up and watched the game, foolishly, i might add. it has been remarkable for the german public. can you ben is, celebratory if you are german? it is a handwringing conversation every time. one thing that is clear, every time germany does win, the economy gets a little boost. ?hat do you think is it a feel-good moment? >> i do not think there are going to be too many -- lionel messi won the golden boot. mayor donna had something -- maradona had something to say about that. >> he said the marketing people wanted him to. it andse, maradona has messi has never had the world cup. >>

with a 7-ton aircraft designed to hall 280 passengers, and boeing trying to impress airline executives at the air show, and they stay ahead of the airbus, that company's answer to the dreamliner. >>> just ahead tonight, something new for san francisco's waterfront. >> the 40-foot feast for the eyes coming to the >>> tonight at 6:00, we will following up on the bank robbery and shoot-out in stockton that left at least two people dead. alan wang will report from the scene. >>> and how a simple kitchen repair turned into a remodeling nightmare for a bay area company. >>> we will take you to a clinic at stanford attempting to solve medical mysteries by treating diseases that have fallen from the family tree. that's coming up at 6:00. >>> a new hole in san francisco. >> yeah, pier 14. it's called soma. it sounds colicated. it's made of stainless steel and interactive lights by an art group, flaming lotus girls, and originally displayed a burning man in 2009. >> it's 28 feet high and 40 feet long. >> i saw that and i was like, whoa, what is that? >> t >>> welcome to "world news." tonight, the children caught in the crossfire. the video of th

boeing, celgene and qualcomm. boeing has been under severe pressure for months now in part because the the aerospace cycle may finally be coming to an end and involving a resurgent airbusmight put an end to the export/import bank which helps boeing go toe to toe again of the heavily subsidized european competitor. e and e coy, the former concerned point-blank and betting the aircraft cues aren't as deep as they seem. cancellations, they say, could be coming and they worries about boeing's defense exposure. republicans do seem poised to crush it even like jim mcnerney said on the conference call yesterday, it will be approved. why am i not intimidated by merrill's downgrade? why would i go against it it? why would i think that boeing after time in purgatory can bounce back? aerospace is levered to overall travel growth and rising middle classes everywhere around the world. take a look at the charts of wyndham and royal caribbean and priceline if you want to know about the growth in tour im. we saw that from delta the other day and southwest, i interviewed them and united and american air. these companies all need new more fuel-efficient planes and boeing has them and th

because boeing and airbus are going to struggle with the ramp-up. ok. we are going to move on.till to come, sainsbury's fight back. just as justin king hands over the reins. we will talk about that story when we come back. ♪ >> good morning. welcome back. you are watching "the pulse." we are live on bloomberg television, on the radio, streaming live on your tablet, your phone, and bloomberg.com. we have the markets covered. over to you. >> in a couple of words, snapback. that is what you are seeing on european equity markets. gains across mainland europe. .9% down in italy. germany and france on the move higher. these moves higher is not the story of the last few trading days. check the u.s. market out. 17,000, u.s. equities have met gravity. check it out. down .7% on the dow yesterday. nasdaq had its worst day in two months, down 1.35%. we have hit some big levels. back running into earnings season. elsewhere, we will be talking about fed minutes. will that move euro-dollar? this one grinding higher three straight days. a central bank governor says this one is not too strong.

and incomplete. >> a boeing 767 about to land nearly collided with the airbus in barcelona. the pilots noticed the grounded airplane passing there and pulled up the landing gear just in time. >> fresh concerns about terrorists on planes what passengers are being asked to do before they get on board. >> reporter: it's going to be hot today and hotter than the weekend. we'll have the sun breaking through today, so sunscreen if you're heading to the shore or the beach. we'll be back with the day-park forecast. >> 6abc news app download it for free for andro >> time for a preradio view of good morning -- time for a preview of "good morning america." >> abc's george stephanopoulos joins us from abc studios with what's coming up this morning. hey, good morning, good to see you. >> reporter: hi matt, we had explosive storms across the midwest. from kansas to new york 45 million people will see severe weather. >>> tightens security coming up at the airports after the new threats. tsa will be demanding that electronic devices are turned on and off. >>> stunning secret video oscar pist

>> it is tentative, but alternatively we do in russia is boeing and airbus product that we send thereeasing russian-built airplanes. we are actually placing a320 aircraft into the more profitable, dominant russian airlines. >> if there would be sanctions on russia, you would have to rethink them. >> yes, but existing aircraft will be protected, grandfathered. it is just additional would be affected. in terms of -- >> the chinese market, the chinese aircraft manufacturers are trying to cash out and aircraft is a long way to go. would that be an interesting trend is that we would see? >> initially cormac is. on penetrating the chinese airlines with her new , and the next919 phase of their development will be penetrating the international marketplace, and that is exporting at rest house -- exporting aircraft out of china. thank you very much for joining us. twice pleasure. enjoy the show. it is a pleasure. enjoy the show. >> steven udvar-hazy, chairman of air lease corp. edwards --u, and anna edwards. a ukraine plane reportedly shot down. >> we do not know where. > shares are moving high

and i told you that despite the endless drum beat that the republicans could kill the export/import bank which offers cheap financing, allowing boeing to compete head to head against airbus, that the company remains confident the xm charter would be renewed. i did this over and over again. yet my support for boeing fell on deaf ears day after day. so finally i said i don't even care anymore. sell it if you want to. that's the kind of thing jim cramer on twiter, all right, just go -- i don't even care. so what happens this morning? sure enough, ceo jim mcnerney comes on tv and says the aerospace cycle is flourishing and will keep flourishing because of tremendous gains at saving fuel costs. the payback for airlines is almost immediate on the new planes. boeing's booked to bill for orders running ahead last year, expects it only to improve. the defense division, mcnerney said he saw the hit coming and scaled his business back before it became critical. however, the new tanker refueler program will provide decades of earnings plus -- and this one really kind of stymied me -- there will be organic growth contracts that aren't banked into the numbers. so what is the biggest p

and europe. >>> dubai airline emirates finalize ad $56 billion deal to buy boeing 157 757 jets the after emirates scrapped an order with airbusd subaru announcing new recalls. honda expanding the faulty takata airbag recall up to 3 million from 2 million. subaru is recalling 7500 vehicles for the same problem with the takata made airbags. >>> bentley sales soaring to new record. reporting a 23% rise in global sales during the first two quarters. >>> 7-eleven is looking to lure tech salvesy computers for its 735th an version. they are handing everything from ice cream bars to big gulps if consumers buzz buzz download the app. adam: that is longer than usual speed who doesn't want a slurp pe. adam: i want a two-door bentley coup. >> you're a car person. the fate of a country's economy doesn't usually depend on a sports team. except if you're brazil and that sport is soccer. we'll tell you why yesterday's game could be a tipping point for brazil's economy and what that means for your portfolio. adam: it has been a roller-coaster for the so-called momentum stocks over the past few months. if you can't stomach the ride, we'll tell

it helps his competitors that don't need him abroad, helps them buy planes from boeing and doesn't think boeing or airbusturers doesn't think that that we need to address airbus subsidies with the ex-im bank. does the ex-im bank help you? >> i don't agree with that assessment. the exim bank helps us to some degree. we're not a big user but i'll tell you there are 60 countries out there that have exim banks. export credit agencies. on a lot of big deals around the world that are tough transactions. we're up against the japanese export credit agency. the europeans, the skanld navians, the chinese, they're all competing for those deals which means jobs in our country that we export, and i am mystified in this low job creation environment how many poll significances, and for that matter, anybody, would jeopardize one job over a credit agency that has contributed to taxpayers, it's not been a drain on taxpayers, i'm all for going after all those other countries and wiping out their export credit agencies through wto or some other mechanism that's fine with me. but why would we shoot ourselves in the foot and

and the impact on those living next door. shia britanski, kauai, hawaii. >> pilots of the boeing in the background had to act quickly when an airbus strayed onto the runway in front of him. the boeing pilot aborted his landing at the last minute to avoid a collision. the boeing that was arriving from moscow landed minutes later and nobody has seen any danger. all right still ahead, all the sport including guilty or innocent. find out if the man who put namar out of action, will be punished and who will have the details. america mobile app, available for your apple and android mobile device. download it now >> welcome back. as promised all the sport now with raul. >> felicity thank you very much. alfredo de step stefano has die, days after his 88th birthday. sarah coats reports. >> the word legend is an overused one in football but it is a way to describe alfredo de stephano. one of the main reasons the club became world famous during the early years of european club football. >> those five european clubs when he first started in the 1950s. they had a great team but he was undoubtedly the star, even now he was, so close to real madrid. >> born in buenos a

and trending, a man raises thousands of dollars on line to make potato salad.a few. look at this close call at the barcelona airport. a boeing 767 on final approach when in airbuscrosses the wrong way right in front of it. the russian pilot hit the throttles and aborted the landing going around for another approach. a spokesperson downplayed the risk of a collision saying the videos perspective doesn't show the ample space between the planes. >> how comfortable is that? probably won't have any neck problems tomorrow. >> a new york fan caught by tv cameras during a recent game is now looking to cash in. he is suing to espn the announcers, major league baseball for $10 million seen the video has caused him great emotional harm. a man in ohio has created some buzz over potato salad. he has a goal to make it for the first time he posed an idea on the kick starter promising owners they could decide the ingredients if they donated. so far he has raced $35,000. he will live stream himself making the salad and donate the money to a food shelter. i don't get that story. >> about the status salad? >> he wants to make it and then donate the money? >> i think it started as

boeing today. a lot of headlines around airbus on day one and date two. -- day two. >> do we know where airbus mightls? what might we get? have had another deal. airbus, we spoke to them earlier. were talking about a range of issues, including the a380. is delayed. the ceo has been vocal in his criticism of airbus. thee is a problem with design of the interior. airbus is telling me that maybe he was being particular. they want to deliver what the customer wants, so they are working on doing that. maybe the french finance minister was visiting -- there is a possibility to do these deals in euros. play ak the euro will bigger role as a reserve currency of the next 20 years or so. orders.chasing those we will see you back in the office soon. anna edwards at the farnborough show. we are going to talk about flying cars. this is not "back to the future." this is not the delorean with michael j fox in a. -- in it. ampanies are trying to snatch piece of the aerospace budget. amongst them, a u.k. company trying to sell a paragliding car. take a look. it is an on road buggy and you can flip the switch, take y

if we lost that and boeing couldn't fly their airplanes, people would go to airbus and by their airplanesuse they offer better terms. this is a really, really important subject that people get behindbehind -- and push these republicans out of the way to extend the program. advert ell, you are an for the export-import bank. i'm sure they are delighted to hear from you. i think you are absolutely right but i would phrase it slightly differently. i don't think it needs to be a left-right issue particularly. i think you can accept, as i said earlier, that in an ideal bank, the export-import would not exist, and yes, we don't want the government intervening in this particular bit of the economy because we don't think it should be necessary. but the fact is china is doing this on 10 times the scale the u.s. is doing it. what is going to happen is that chinese exports are going to push u.s. exports out of their markets. ultimately, it is even a national security issue, because the industrial base of companies like boeing and general electric is crucial to national security, and if you are allowi

a boeing incoming from moscow was lined up with runway and ready to land when an argentine airbus 340 crossed right in front of its path. the pilot of the 767 aborted the landing, and eventually landed safely 37 there was another near miss last week in houston. >> well, we need-- >> do what you need to do, sir. >> that pilot was trying to land a plane when a singapore flight that had just taken off came within a half mile of the delta jet. that's dangerously close when planes are traveling at more than 100 mph. >> had they collided we're talking hundreds of deaths. it would have been a very large aviation can it was trophy. >> reporter: and on the ground they're facing new security checks. they announced that on some u.s. overseas flights they may have to turn on devices such as phones, laptops and devices. if they don't they won't be allowed to board. powerless devices won't be allowed at all. >> it makes sense. it. >> the new security measures follow supports that groups in yemen and syria with ties to al-qaeda may try to take down planes through battery-size devices. >> they're wor

north of the airport the second in two months involving a boeing that was too close, 200 vertical fight and half a mile to a delta airlines airbus. controllers spotted this and ordered separation before they were closer. another near miss involving two united flights at bush happened in may. >> secretary of homeland security is going to tour the border to anize the security challenges facing unaccompanied migrant children. 52,000 unaccompanied minors have been caught trying to sneak across since october doubling in the last year. the secretary is looking to more flexible toward children seized at the border. >> an effort to get ownership away from donald sterling is part a four day trial in probate court. his wife wants the court to upheld her sale to former microsoft chief for $2 billion. donald sterling doesn't want to sell the team and is trying to block the deal. the sale was forced to punish donald sterling for a racist tirade. >>> traders return after a holiday weekend with smiles. why in because the dow broke 17000 before they left, a milestone. >>> here is the money report this morning. >>> the financial markets are char

airbus, we have boeing. both of these companies compete in a world market where the financing package is part of the process, and the financing dollars are so great, it would reduce boeing's ability to meet demand, particularly on the 787 dreamliner and others, if they didn't have a bank like xm. do we need to maintain the bank? yes. is there a whole lot of cleaning up to do and shouldn't reauthorize for a long period of time without putting those in place? absolutely. the american people are at risk if this bank is poorly run, if it's properly run, it is a self-sustaining entity that costs the american taxpayer nothing. neil: that is the hope when you alluded to airbus, a european consortium, it has the muscle of a lot of european countries behind it. you're quite right. but there is this other view that if we need the propose of an agency like this at a time like this, then we're hurting more than we think. are you saying that with the scandals, with the abuse and the payoffs, and like i say 40 some odd instances of this activity, that it's still worth it in the end? do we get that much bang? not for the taxpa

a boeing 767-300 incoming from moscow was lined up with the runway and ready to land when an argentina airbus360 crossed its path. its aborted, circled and eventually landed safely. >>> there was another near miss at bush intercontinental in houston. >> do what you need to do. >> that man was trying to land a delta airbus 360, when a singapore jet came within a half mile of the jets. that's dangerously close when planes are flying at hundreds of miles. >> you are not authorized to climb. you are probably going to have to climb back to the facility now. >> it would be hundreds of deaths. would it have been a very large aviation catastrophe. >> and on the grounds airlines are facing new security transportation security administration say passengers may have to turn on devices such as phones laptops and tablets. if they don't they won't be allowed to board and could be subject to additional screening. powerless devices won't be allowed at all. >> it makes sense at security. >> the new security measures follow reports that groups in yemen and syria with ties to equally are working on ways to take

airbus, not boeing. why? >> well, first of all, both manufacturers make great airplanes, and you know, we do operate a fleet ofrplane we're extremely fond of, as well as the 7767s that are retiring fro our fleet. but each airplane is optimized for a certain mission, and it so happens that the missions that we fly are best suited to the airbus a-330 for the long haul and also for the a-321 neo, which is a narrow body with some pretty impressive range that will be coming out in a couple years' time. >> mark, we'll leave it there, but first, what do you think is the biggest risk to your line of business in months ahead? >> well, the biggest risk to our business is always consumer sentiment and their willingness to come on vacation. as i say, we've seen no dampening of that so far. it is, you know, a fickle thing. we can't by any means guarantee that, but so far, we've seen no indication that that has been impacted by global events. >> and we understand the share performance today in light of that. mark, thank you for being here. wl appreciate your time. mark dunkerley, hawaiian air ceo. it's been one big earnings

on saturday as an argentinean airbus a-340 was crossing the runway just moments before a boeing 767 from russia was about to land. the russian pilot aborted his landing andn emergency go-around. he landed the plane safely a short time later. airplane operators say there was absolutely no danger because the plane on the ground would have crossed the runway in time. but they have not explained why they let the planes get that close. that close that it scared the russian pilot into aborting that landing. >>> so, how is dick cheney's campaign to rewrite history going? well, we have an answer and it is next in "the rewrite." and it's not just me talking. the american people have spoken. more than you think. very little. [ doorbell rings ] what's this? what's that? swiffer sweeper. [ lee ] i came in under the assumption that it was clean. i've been living in a fool's paradise! [ lethe summer of this.mmer. assumption that it was clean. the summer that summers from here on will be compared to. where memories will be forged into the sand. and then hung on a wall for years to come. get out there, with over 50,000 hotels at $150 dollars or less. expedia. find yours

on saturday as an argentinean airbus a-340 was crossing the runway just moments before a boeing 767 from russia was about to land. the russian pilot aborted his landing and he landed the plane safely a short time later. airplane operators say there was absolutely no danger because the plane on the ground would have crossed the runway in time. but they have not explained why they let the planes get that close. that close that it scared the russian pilot into aborting that landing. >>> so, how is dick cheney's campaign to rewrite history going? well, we have an answer and it is next in "the rewrite." and it's not just me talking. the american people have spoken. ♪ ♪ start a team. join a team. walk to end alzheimer's. visit alz.org/walk today. when the pressure's on... only secret offers clinical strength invisible solid and clear gel with 100% odor protection. secret clinical strength. >>> the fact was, when we left, iraq was in pretty good shape. >> if president obama had left behind just enough troops to provide the logistics, the training, the intelligence, we wouldn't be where we are today? >> i think that's an accurate statement. >> and we have a verd

and mistakenly took the airbus for an iran be fighter jet. five years before that in september of 1983, a russian jet fighter shot down a korean plane with 269 passengers on board, the plane, a boeing 747, had excellently strayed into then soviet air space. one of the passengers was a u.s. congressman. the soviet government first denied involvement and later claimed the plane was spying on them. >> the similarities are very strong. in both of those cases there had been something else going on in the area the day before. so it's possible that people on both sides of the border, russia and ukraine, were thinking this was not a passenger plane but thinking it was a military plane. >> it's important to get to the bottom of this sooner or later because the possible repercussions that can flow from this beyond the tragic loss of life. >> reporter: as tragic as that loss of life is as you heard from vice-president biden there, the concern here in the white house is that what happens next could be even worse if those repercussions could include a much wider conflict. as was the case with both the downing of that iranian passenger jet and the korean passenger jet in the 1980s, what you're a

versus airbus, boeing outperforming airbus year to date up 20%, but for the most part they guys tend to move in tandem. the bottom lime is this --iest week we will be in farmborough england and hear a lot of big orders announced, but this one is huge. >>> dominic chu with a market flash. >> check out which i pot lair. saying there was no negative impact from the higher menu prices. the stock is up toward session highs, sue, back over to you. >> dom, thank you. >>> the crisis in the middle east not looking like a crisis for israel stocks today. the broad tel aviv 100 index, the tel aviv 25 also up just under a percent. twot main etfs tracking the israeli market, today the eis is up, and the isra is also in the green pretty solidly too. short-range antimissile system in act again in the last few hours, hamas fire missiles towards israel's population centers, including tel aviv. the iron dome system so far deflecting all missiles aimed at israel's second biggest city. despite the protect from iron dome. hamas missiles are causing damage and a lot of frayed nerves. the siren rang in the middle of this wedding, just about everybody, including the bride and groom had to run for sh

and mistook the airbus for an arriranian fighter jet. before that, in september 1983, a russian fighter jet shot down a korean plane, with 269 passengers onboard. the plane, a boeinghad accidentally strayed into then-soviet air space. one of the passengers was a u.s. congressman. the soviet government first denied involvement. and later claimed the plane was spying on them. >> the similarities here are very strong. in both of those cases, there had been something else going on in the area the day before. so, it's possible that people on both sides of the border, russia and ukraine, were thinking this is not a passenger plane. but thinking it was a military plane. >> it's important we get to the bottom of this sooner or later because of the possible repercussions that can flow from this beyond the tragic loss of life. >> reporter: jonathan karl, abc news, the white house. >> that iranian flight that jon karl spoke about was a key moment, they say, during the cold war. the ronald reagan administration allowed worldwide access to its gps system. it's called gnss. and they found it important to allow access to it. >> the u.s. has never admitted responsibility for that