rishaad: uh airbus china ceo speaking exclusively to stephen engle.the travel industry and its outlook we are joined by the hedge of asia consultancy at -- thank you for joining us. you heard what he had to say. we are not at pre-pandemic levels yet for the aviation industry in terms of capacity and indeed, aircraft usage, most in possession of these carriers. is it just the way of pressurizing these companies order more? joanna well um yeah the overall capacity has return to pre-pandemic levels and overall his back but was largely driven by the middle east region to asia, but -- from europe to asia is running 20% down compared to pre-pandemic level and u.s.-asia is down still but currently stabilize. but also don't forget that we have a large domestic market and asia-pacific -- and asia-pacific region, that that is perhaps one of our biggest important reason as well for the manufacturers to look at opportunities in this market. rishaad: so, after the pandemic, how have travel patterns, air travel patterns by people changed, if at all? what are you se

you got the exclusive look inside the facility with airbus china ceo, what is the appeal he is makingwo chinese carriers? >> the chinese carriers were a little more cautious through the pandemic it came out of the pandemic a little later than the rest of the world so maybe they are being a little more cautious on the wide-body orders. they did make a big purchase order through airbus for single airplanes last year but it is the wide-body the ones that the slots are filling up for as airlines around the world essentially order a big slew of aircraft including just a couple weeks ago we got the biggest on record, 500 airbus a320 and a320 ones from india's indigo. that is going to fill up the slots for the single aisle planes. right now the slots are filled through 2029 on the narrow bodies but the wide-body, chinese airlines have not made the orders and that is the airbus deal to the chinese carriers. if you want to get your wide-body sooner you better order pretty fast. this is my exclusive interview with the ceo where we begin talking about the planes they make in change in the narrow

the airbus china ceo spoke to us exclusively. >> we have to try to accelerate this discussion with ournese operator and customers to have a more far-reaching order as fast as possible. this is clearly something we need to do with our customers. lizzy: let's switch focus to the banking industry. the selloff in bank stocks triggered by the collapse of credit suisse in several u.s. regional banks might be over but the sector's recovery is faltering. investor angst will persist. philip richards, the levels have failed to return before the u.s. regional banking crisis, is that because through our fears over liquidity and deposit flight? richard: it is not really about deposit flight. there are two key results in the next few weeks. those banks are less concentrated with less balances than in the u.s. much less of those big deposit balances as well. what we are concerned about is the pricing of the deposits. they will be passing on rate hikes to depositors. lizzy: why are european banks lagging u.s. lenders when it comes to valuation? richard: versus the u.s. there is a host of reasons, the

i want to ask about china's ko mac as how much better it are they to both airbus and boeing? the international air market, they are not a threat because they're not certified to fly in most markets but in china you can see them towards them march towards them, because the chinese airlines, so i think comac will be a threat in china and that is significant because they are a significant because they are a significant aviation market. speaking of earnings, meta saw its second—quarter revenue grow to $30 billion, beating estimates. that was thanks in part to ad revenue of 12%, beating google. still the company forecast that expenses could rise over the next two years, as they continue to spend on infrastructure, as the artificial intelligence race heats up. american toymaker mattel has posted profits over $1 billion. the company is banking on the box office success of the barbie movie to help drive doll cells in the second of the year. it saw a second record—breaking weekend, raking in $162 million in ticket sales in $162 million in ticket sales in the us and canada. south korea

china cloud services from microsoft. haidi: new crude suppliers after saudi arabia and russia's latest output cuts. rishaad: airbusrging chinese customers to rush orders or miss out. we speak to the playmaker china ceo. annabelle: we have the open of u.s. futures. we had markets shut tuesday for a public holiday so not a lead in but essentially, we are seeing it point of little bit to the downside. muted trading in the session, something else that will be weighing on sentiment. not a lot of activity just yet. in terms of our we are generally, we are in the second half now. investors are trying to assess whether that lead up, that run-up we have seen in global stocks off that stronger-than-expected u.s. data coming through. there are expectations around china stimulus. global factors have been at play which has driven the rally, plus the enthusiasm around a.i. now the big question is whether this can be sustained into the second half. that is the state of play as we look ahead. u.s. futures coming back online, but a public july 4 holiday on tuesday so no trading in the session. if you change on, you take a look at