airline. fortune's most airline worldwide. the most on-time airline in the class store employees choice company appear in when asked to sum up his job in five words, his response is taking care of our people. this join me in welcoming delta ceo, ed bastian, to the national press club. [applause] i am now going to introduce the people who are sitting at our head table. they are starting here from the last. ashley roque e., north america editor at shepherd media. edward russell, america is finance editor at slate global. we have tom young, a freelance writer in commercial airline pilot and nbc have minor team member. we have captain tim, president of the airline pilots association international. we have ed hazelwood, editor-in-chief of the aviation week and space technology. gillian rich, reporter of business daily. ned walker, sbc and chief communications officer at delta. coming at the end we have paul meinhardt, head of corporate communications for north america in the national press club headliners. we have patrick rose, ame

you just mentioned american airlines and i was on right 110w american airlines and i was on right now change has taken place, and it hasn't. they still have a couple of hours to comply with this and they say they will. again, in america people are still asleep. they say they are going ahead with this. however, i was on delta and if i wanted the same flight delta and if i wanted the same flight to taiwan, all i see is taipei and the airline code. the same goes for cathay pacific. they go as faras same goes for cathay pacific. they go as far as saying that it is a pa rt go as far as saying that it is a part of china. chinese aviation officials sent letters to 36 foreign air carriers earlier this year demanding that they say taipei was not part of taiwan. this goes back toa not part of taiwan. this goes back to a civil war that took place between them. both china and taiwan have been ruled separately but if you tell the chinese they are a separate entity they will come down ha rd separate entity they will come down hard on this. it's also expected united airlines will fall into this categ

airlines big and small expanding service across the atlantic.in the summer of 2014, 168,000 trans-atlantic flights and this year more than 215,000 most flown by like delta, low coast carriers like wow adding flights as low as $99 from europe to u.s. >> we don't know if the airlines have financial staying power, so it may be a great summer. >> plenty of people ready to take a trip to europe. it is costing airlines more to fly across the atlantic and industry veterans wonder if higher costs will cost airlines to cut back. >> i think you would see less capacity and growth in the industry and higher prices i don't think it is going to happen in the near term. >> legacy airlines showing it will not give up market share flying to europe. >> airlines add new destinations to new markets connecting cities, medium size cities between the u.s. and europe and becky, an increase in the number of low cost carrier flights from europe to the u.s. >> is there concern amongst some carriers that the current trade dispute can put a chill on people willing to fly? >

bear it next ordinary position for a giant airline.at ryanair is by far the biggest budget airline in europe. the next ordinary position for it to take. thanks very much indeed. facebook has won a licence to set up an innovation hub in china — despite its website being blocked there. let's go to our asia business hub in singapore where rico hizon is following the story. it's quite interesting this. as it suggests the relationship between facebook and china is starting to warm a little? it could be, could be. it could be the first step for facebook to being unblocked. this $40 million innovation hub will support local start—ups and developers. the investment by the social media giant is an effort by facebook to break into the lucrative social media market of more than i billion people and hangzhou is the hub, of course, e—commerce giant alibaba. china hub, of course, e—commerce giant aliba ba. china censors hub, of course, e—commerce giant alibaba. china censors social media, and search engines, including twitter and google. the news se

a rally in the airline stocks.res of american, southwest and alaska air all moved higher on better-than-expected second-quarter earnings. phil lebeau explains why from american airlines' operation center in rt worth, texas. ♪ ♪ >>> for all of the hand wringing by investors worried about airlines flying into lower profit, the feality is different. alaska airlines, southwest and american airlines a posted better than expected earnings in the second qrter. >> demand is strong and the supply of seats is up a lotr the consume seems really quite rong. >> the airline continues to see demand and thanks in large part to the strong economy and that means there are few empty seats even as the industry adds more flies. still, this haseen a turbulent year for airline stocks. why? investors worry the additional flights will make it tough for the indtry to raise fares which would limit revenue grow the, but the biggest concern is the risin cost of jet fuel, up more than 40% in the lastd year an while that has cut intoe airl profi

start ane decided to airline. where did that come from? trying to from i was get from puerto rico to the virgin islands. i had a lady waiting for me. >> u.n. to the virgin islands because you liked the name virgin. usamerican airlines bumped and i had been away for this lady for three weeks and i hired blackboard and a got virgin airlines one way and filled a plane with other people who got bumped. , somebody said sharpen up the service a bit and you could be in the airline business. boeing and hasd them if they had any 747s for sale. british airways launched a dirty tricks campaign against us in they did everything they could to drive us out of business. we won them to court, the biggest damages in british timery, it was christmas so we distributed it to our staff. year they hope that british airways will launch a dirty tricks campaign again. ask people like that you were against the establishment airline. you were at the first wheel in london and they couldn't get it assembled and .ou rented a blimp >> we had a blimp company. we scramble

the airline has provided for this kind of scenario.has to take a hit from time to time but what is important is that we, as an airline, are growing and expanding and we are buying more aeroplanes which we did just this morning. where does washington, the trump administration, stand in all of this in terms of the blockade? the trump administration is with qatar. they realised they were duped into believing that qatar is doing what they were accused of doing and the administration is absolutely behind us administration is absolutely behind us and have realised that qatar is an airline, a peaceloving nation, and part of the anti— terror grouping that has been found and are led by the united states and qatar is the only signatory to anti— money laundering, anti terrorist funding agreement with the united states. have you asked the trump administration if they can then turn to the saudis and the united emirates to apply pressure?” to the saudis and the united emirates to apply pressure? i am not a politician, iam emirates to apply pressure?

will the airline go? is an important part of the plan. being delighted to be back in abu dhabi, it has been even more special. when you see the way the team played together, we are working closely with the tourism and teamer authority and the abu dhabi. part of the tourism agenda is working with them to attract more point-to-point traffic here to take advantage of the wonderful destination experiences that have been invested here in recent years. the louvre, the world's biggest indoor theme park. what we are doing is trying to have a possible contribution to the change in ship from transfer to point-to-point. >> you have cut back some. what the market rate is going to want, do you plan to take more roots? more to come off the table? >> the heart of any airline is its network. .etworks need to be reanalyzed years ago it would have been quarterly. now it needs to minute by minute. you will have seen in the recent past routes that were profitable for us. we are not shy taking them off. san francisco, edinbur

anyway, american airlines bumped us. i have been away from this lady for three weeks, so i went to the back of the airport, hired a plane, hoped my credit card wouldn't bounce, i wrote it to virgin airlines and i filled up up my first plane. when we landed, a passenger next to me said you ought to sharpen up your service a bit and you can be in the airline business. i thought, okay, so i rang up bowie, and asked if he had any 747s for sale. british airways launched a dirty tricks campaign against us. they did everything they could to drive us out of business. we took them to court. we won the biggest damages in british history. we redistributed it to all of our staff equally. every year we hope british airways will launch a dirty tricks campaign against us. david: many thought you were the antiestablishment airline. what is now the big eye, the ferris wheel in london, british airways was supporting it and they could not get the thing to work. you guys rented a blimp? richard: we scrambled the blimp and we flew over -- th

airlines singapore airlines thai.airways turkish airlines air canada air india and australia's quantas the above now refer to taiwan china in their list of destinations however among others america's big three airlines are absent from this list the companies seem to be taking cues from washington a united airlines spokesman said we have deferred the matter to the u.s. government since this is a diplomatic issue to be resolved among governments and this isn't word ends with d.c. on this matter the u.s. backed american institute in taiwan opened a new two hundred forty million dollar de facto embassy in taipei the taiwanese capital the u.s. also sells a billions in weapons to taiwan over one point four billion under trump alone and the american government's rhetoric continues to go against china's and its own policies speaking at a banquet in taiwan's capital back in march the us deputy assistant secretary of state alex wang said the aim of u.s. policy is to ensure that taiwan's people can continue along their chosen pa

airlines singapore airlines thai airways turkish airlines air canada air india and australia's quantasthe above now refer to taiwan china in their list of destinations however among others america's big three airlines are absent from this list the companies seem to be taking cues from washington a united airlines spokesman said we have deferred the matter to the u.s. government since this is a dip. mattick issue to be resolved among governments and this is a word ends with d.c. on this matter the us backed american institute in taiwan opened a new two hundred forty million dollar de facto embassy in taipei the taiwanese capital the u.s. also sells a billions in weapons to taiwan over one point four billion under trump alone and the american government's rhetoric continues to go against china's and its own policies speaking at a banquet in taiwan's capital back in march the us deputy assistant secretary of state alex once said the aim of u.s. policy is to ensure that taiwan's people can continue along their chosen path free from coercion one continued by saying that the united states wa

the airlines are also weak, downgraded, american airlines, delta, and united continental all lower on the downgrade from hold to buy with not a lot of near-term catalysts. oil earlier today was back above $75 a barrel. earlier today, we did meet that mark, the first time it has happened in four years, but around 11:00, we see a chart move lower. down more than 1%. this as iran's president said the u.s. will not be able to .top iranian oil exports it will be interesting to see how that plays out but volatility in that market. over the last eight sessions or the eight sessions since opec, we have seen a huge move up for oil. oil has moved up in a big way and we are looking at it on the year in blue and white are the prices of gasoline.into the end of april, they had been treated in lockstep but then once oil drop down, you see a big spike up outside of today on oil, gas has not caught up as the summer season is starting for drivers and consumers. fore that is good news consumers as we do head into the fourth of july holiday. shery: go on that road trip, thank you, abigail doolittle. as

and that is something that i've not seen in any other airlines, you know? so it's so nondiscriminatory, which is as accused. so i would just like to add that as well. it really supports you if you want to have a family or anything else. >> president cohen: all right. thank you, air india team. thank you for being here. i do have a question for captain patel, has to do with the selection of the hotel. i asked which hotel you stayed in and you said the hyatt. you heard two issues -- one that air india was discriminatory toward women. i feel comfortable that you have debunked that perception. the other pointed issue is the selection of a hotel. the question is, for what reason would you -- it's been communicated to me that there is an unwillingness to change your selection of, choice of hotel. >> that's not true at all. let me explain how we do the selection process. >> president cohen: please do. >> when we start a route, we upload the tender. >> president cohen: yes, sir. >> on the air india website. and then we get in touch with the global sales regions tha

it also suggests the airlines are not being com pletely suggests the airlines are not being completelygers' rights are. we have been hearing from some who are pretty angry. yes, very straightforward. that airlines, british airways and ryanair, saying, that airlines, british airways and rya nair, saying, nothing that airlines, british airways and ryanair, saying, nothing to do with us, extraordinary circumstances, you cannot get any cash compensation. because it is beyond our control. but whatever the cause of a delay, it is the duty of the outline to do a number of things, tell you what your rights are, to be rebooked as soon as is practical, and the airlines have slightly different interpretations, ryanair says, airlines have slightly different interpretations, rya nair says, if airlines have slightly different interpretations, ryanairsays, if we cannot get you there today or tomorrow on our flights, we will find a flight on someone else. they also have to provide hotels and meals until they can get you where you need to be and that is crucially important for the many thousands of peo

and that is something that i've not seen in any other airlines, you know? so it's so nondiscriminatory, which is as accused. so i would just like to add that as well. it really supports you if you want to have a family or anything else. >> president cohen: all right. thank you, air india team. thank you for being here. i do have a question for captain patel, has to do with the selection of the hotel. i asked which hotel you stayed in and you said the hy

we are looking to become the airline of choices. is there room for all three of you airlines?n seven flying hours of where we are right now. growing at aon is far faster rate than places like europe and north america. at a macro level, the answer is yes. airline is a group of companies that i would like to describe as confidently humble. when -- >> let's talk about the implication for trade war's. -- for trade wars. the me your perspective for risk of trade wars for you at the moment? if you look at aviation, there is always a bunch of geopolitical conflict , volcanoes that erupt, oil price, all of the above. ist sits behind the question the kind of open skies dialogue between the united states and united arab emirates this year that was resolved. we certainly don't have anything to hide. we are a rational carrier. it does not make economic sense point, san francisco pa -- being a point. we canceled it. chineseg up, the government has a big hurdle when it comes to bashing american brands in the trade war. this is bloomberg. ♪ is bloomberg. ♪ >> and we just want to update you g

than when you first got into the airline. >> i don't know. business is booming, right >> capacity. >> the economy expanded and it's back >> the demand is there. >> the problem is who is going to manage the capacity the best amongst this group >> the one bad actor is impugning the bad actor. the irony here is the americans are down and united's down 15. is that the case a lot of people would point to the fact that american has made turnarounds and you've had seven times in the last year to have 15% trading ranges up or down. >> i don't know what's changed over the last 15 or so days. $45 is a year and a half ago and that's where it held and bounced significantly. it's a huge opportunity given the valuation which even if they lowered guidance is going to be compelling. >> thank you great to see you in person. >> great to be here. >> if you want more on the airlines, head over to cnbc, and trading nation and you'll want to check that out. still ahead, break out the colorful vest and the thousand dollar t-shirts and we are headed out to sun valle

airlines would not have been good.avid: you started a record company, and initially it is a record retailer, right? richard: initially it was a mail order, selling records much cheaper than anyone else had done. we were the first people to sell records at a discount. so there was a mail order strike for six weeks, so we went looking for a very cheap music store on oxford street. david: then you started filling virgin megastores. you have a lot of stores in the u.k. and other places. how many did you have at one point? richard: we had about 300 mega stores around the world and all the timeslaces, like square, oxford street, at the was all thatusic young people did, before games, mobile phones, and the other things young people do. david: was the virgin name your self-promotion of it, or were you selling things cheaper than other people? richard: virgin was synonymous with music credibility, so frank zappa, the rolling stones, so we had a very credible brand. one day, there was a young artist that came to me with this fa

united airlines really talking the trend.beat estimates and in terms of the full year, they brought the high and 12% above guidance. it has to do with revenue per passenger. we can hop in quickly and see ant is happening on both international basis, a look at revenue for the airline industry, and domestic, we seek to up quarters which suggests the increasing capacity will not outstrip it. is about their unique position? >> great question. the ceo, whom -- whose name i hope i'm saying correctly, says this has to do with the growth plan. one thing is they are bolstering flights out and another piece is they are improving a computer system. this has really caught me off guard. seats andpleasure apparently, that is really helping results here. back fromalso stepped the view that they gave at the beginning of the year, 4-6% up 5%, and if we hopped back, lest take a look at this relative to the other two airlines. what we're looking at in white is united continental. orange, oil is up, a big drag and delta and american airlines hav

those smaller airlines are being hurt by pilot retirements and expansion at bigger carriers.t studies predict a shortage of 14,000 pilots by 2026. on a scale of one to ten, where is the pilot shortage today? >> i think it's at least a six. >> reporter: lyle hogg is president of regional carrier piedmont airlines, which needs to train and replace as many as 240 pilots a year. >> the pipeline for young eliators is drying up, and it should be a national concern. >> reporter: that's because without enough pilots, planes can't fly, and flights would have to be canceled or service to some cities stopped. the cost of learning to fly is almost three times more expensive than it was in the '90s. and after this deadly crash in 2009, new pilots were required to fly for 1,500 hours before being eligible for hire. fw hire corey cave spent tens of thousands of dollars to log enough hours. >> the cost just delayed me a little bit. >> many of our young pilots have $250,000, $300,000 of debt when they come work for a regional carrier. >> reporter: piedmont can cut down that cost by using flig

it comes airlines are doing the same. it co m es after airlines are doing the same.after companies have faced increasing pressure from environmental activists, from the public to become more aware of plastic‘s inability to deteriorate. and wild animals being wrapped up in it. we think companies adapt to shifts in public perception. as we told you on a we finally heard from the boys who have been rescued from the boys who have been rescued from the thai cave but one company which is being caught in somewhat of a scandal over this is kessler. the company boss elon musk has apologised to a british diver after calling him a paedophile on twitter. the company shares fell sharply after the diver said he may sue mr mosque. how much damage has been done? —— elon musk. mosque. how much damage has been done? -- elon musk. consumers are weighing upa done? -- elon musk. consumers are weighing up a lot of factors when buying a car or servers, notjust the opinions of the founder by what is interesting about this is the implication and the ripple effect from the celebrity ceo. some

that is weighing on airlines.ted airlines, delta, also some of the worst performers in the s&p 500 today. it was packed, but you did not pay enough for your seat. that is on the revenue side. what about the cost side? the cost side? >> airlines have consistently had a problem with rising fuel costs and we can hop into the terminal. april composite airline industry and that is with the price of crude, and you can see their moving in completely up -- completely operant -- opposite directions. , 15%ng straight down obviously weighs heavy on airlines. the same thing today, they need to be able to raise theirs to pay for the input costs and problems -- a big problem for the airline. carriers southwest for example are the ones up in capacity. >> that is weighing on higher costs barriers. >> thank you for that. let's get a check of the markets now. stocks right now. abigail doolittle with the latest. >> thanks so much. stocks, major averages, more than half a percent, the worst day in two weeks. it is not the stocks that

airliner missing? we didn't shoot an airliner. we shot a tomcat, i thought.ppen, that's not what we were here to do. 290 civilians passed away on flight 655, and of those 290, 66 were children. felt so bad for the families that lost their loved ones. and sometimes you are part of history and you love it and sometimes you are part of history and you hate it. this was just one of those things where you just one of those things where you just wish it didn't happen. but i was there. let's bring you some pictures now. a privately developed rocket has exploded and crashed to the ground just seconds after lift—off in japan. hundreds of people were watching in shock as the rocket fell from the sky in flames at a test site on the island of hokkaido. it was unmanned and there were no injuries reported. the rocket was developed by a start—up company, interstellar technologies, which is hoping to provide affordable commercial space flights. football, and saturday saw two of the greatest players in the history of the game crash out of the world cup within a few hours of e

hose smaller airlines are being expansion at bigger carriers. recent studies predict a shortage of more than 14,000 pilots by 2026. on a scale of 1 to 10 where is the pilot shortage today? >> i think it's at least a 6. >> reporter: lyle hogg is prcht regional carrier piedmont airlines, which needs to train and replace as many as 240 pilots a year. sqult pipeline for young aviators is drying up and it should be a national concern. >> reporter: that's because without enough pilots planes can't fly and flights would have to be canceled or service to some cities stopped. the cost of learning to fly is almost three times more expensive than it was in the '90s. and after this deadly crash in 2009 new pilots were required to fly for 1,500 hours before being eligible for hire. new hire corey cave spent tens of thousands of dollars to log enough hours. >> the cost, it just delayed me a little bit. >> many of our young pilots have $250,000, $300,000 of debt when they come work for a regional carrier. >> reporter: piedmont says they can cut down that cost

we have also seen airlines last year moved capacity out of the eastern mediterranean for markets like at overcapacity and moving it back again. that is rejected in the figures we have seen today. easyj et has the figures we have seen today. easyjet has said some interesting things about the warmer weather we have had in europe and what impact that could have on business. they made a throwaway comment on that this morning, echoing what norwegian airlines said last week with their quarterly figures. because of the unusually warm northern european weather this year, many customer airlines like easyjet and norwegian which fly from the north to south to get some sun come up which fly from the north to south to get some sun come up to that the world cup and some of the airlines are saying they may get a bit of a hit with their later and normally higherfare paying hit with their later and normally higher fare paying bookings. hit with their later and normally higherfare paying bookings. that is one to watch. thank you. another story on the business live website, the pound is under pressure t

for the airlines, i'lljust ask you, and i know you are an airline in that sense carrying passengers,airlines, it represents 30 plus percent of their revenue. yes, i think typically it is about 13%. one couldn't operate at passenger airline comfortably without it, so it is very important. we make it our business to specialise in it, so for us business to specialise in it, so for us it is our core business. indeed. and you carry all sorts of things, one of the biggest air plane in the world, the russian—made one. you carry some pretty strange stuff? yes, for example, last year we carried a christmas tree across the us to be present at the rockefeller ce ntre us to be present at the rockefeller centre on time. these are examples. as long as things are urgent, air freight gets in the picture, but the more interesting stuff we carry, outsized cargoes that can't... more interesting stuff we carry, outsized cargoes that can't. .. just briefly, where are your growth markets at the moment? at the moment remarkably strong as the european export market, particularly the german export market, an

aircraft manufacturers have shrunk the laboratories to add more seats so airlines can add more profit. passengers complain there's barely enough room to move. here's tom costello. >> reporter: no, it's not your imagination, the lavatories in newer boeing and airbus planes have shrunk. >> turn around and try to shut the door, it doesn't work very well. it's hard. >> reporter: so small, tough to move, change a baby, wash your hands or breastfeed. a miserable squeeze for tall or overweight travelers. >> i'm 6'8". them bathrooms are real small. i can't fit in the bathroom. it's not that good. >> reporter: it's not just passengers complaining, flight attendants say less elbow room contributes to shorter tempers and air rage. just about every major airline is doing it to make room for an additional row of seats in the cabin the wall around has shrunk. the newest lavatories on a 737 are 22.4 inches across a passenger's chest level when seated. roughly 3.1 inches narrower than earlier models with the sink getting squeezed. >> this is all about revenue if you add an additional row of seats on

or choose an airline that allows you to check your bags free. even if the flight costs more, do the math to see if it makes sense. another strategy -- book tickets with an airline credit card. many carriers with wave baggage fees for airline card holders and their companion. have a problem or tip? give us a call. or submit online. we respond to every call and inquiry. now to some other top l stories... still no word on what started a house fire in oakland early >>> now to other top local stories. no word on what caused this fire in oakland at a home there early this morning, but we do know six people have to find a new place to stay and one woman was hospitalized for smoke inhalation. the house is in a neighborhood off seminary avenue and it started burning around 4:30. fire crews got it under control in a little less than an hour. video shows firefighters still working as they were trying to make sure there weren't hot spots. the building is clearly damaged. in san francisco it will be harder to turn left on van ness avenue. in the east bay, th

(grant) tall people rejoice, airline seats may not be getting any smaller. if you thought airplanes have been getting more cramped recently, you are right. a study by airline consulting agency i-c-f showed the average domestic airplane has increased the number of seats by nearly 8% in the last 15 years. but a new bill from the federal aviation administration is now in congress, aiming to set minimum seat sizes within a year. the department of transportation has also started an audit of airplane cabins to make sure they are roomy enough to meet emergency de-planing safety codes. (ken) now to our four zone forecast. you're looking live at the golden gate bridge.(pam) kron-4's chief meteorologist lawrence karnow joins us with a look ahead lawrence karnow: it was another hot day inland with some temperatures soaring into the mid 90s. but it was a much cooler day at the coast with highs there with patchy fog in the 50s and 60s. on the doppler you can see a few pop-up showers over the mountains to the north and the sierra. monsoonal clouds will likely make a retur

the airline has reported that some of their employees were bitten by pit bulls on flights. frank argues it's the owner's fault for failing to put the dogs through the right training. >> if you don't have proper training of a service animal, you have the accidents. >> reporter: delta airlines did not answer our questions about whates facts or research they used when making the decision about the ban. the u.s. department of transportation says it's considering possibly changing the rules about sfervice animal on flights. >>> it's official. steve kerr is staying in the bay area. he's led the warriors to three nba championships. the terms of the agreements have not been released. >>> still to come, under construction for 18 months. the big milestone tomorrow for a giant landslide. >>> a great day for a switch. watch this bear lounge at a southern california backyard. >>> right now 80 and sunshine in san jose. i'll tell you about some thunderstorms moving close to the bay area and when we'll have chance. that's in about eight minutes. i. but a scenic drive from san francisco to

united airlines declined our request for an online interview.john ramose, kpix 5. >>> first daughter, ivanka trump, shutting down her fashion company. she released a statement saying that she wants to focus on her work in washington. the business has been under fire since her father's political rise with opponents calling for a boycott, many stores have also stopped selling the clothing line. she serves as a top adviser to her father. >>> it is no longer something out of a sci-fi movie. members of congress are setting their sights on cars that fly. lawmakers on capitol hill held a hearing on the technology and found just how close it is. uber says they plan to create an airborne service by 2020. in the meantime, another company expects to have their cars on the market as soon as next year. >> i think this is a very exciting opportunity for technology, and another that there has been a lot of hype around flying cars for generations, but i think that we are close. >> members of congress say there are still major challenges to address before gettin

they say there is no need to impose new standards on airlines. the faa says there's no evidence that lack of space is a safety issue that could hinder evacuations. largereats and passengers prompted the right to sue, claiming airlines have created a safety hazard by chasing profit. inland will face sweden in the world cup court of final after eliminating columbia on penalties. beforech finished 1-1 the goalkeeper became the shoot up hero. the swedes advanced the last eight by beating switzerland, making this their best world cup since they were runners-up in 1958. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm jessica summers. this is bloomberg. the trump administration is letting zte is in some business, according to document obtained by bloomberg news. joe is with us in washington. this is the first step in into the goodack graces of the trump administration. what are we expecting next? joe: this temporary agreement goes through august 1. to be inhey expect zte compliance with its

kayak searches hundreds of travel and airline sites to find the best flight for me.more than confident. how's your family? kayak. search one and done. . >>> welcome back >>> we want to call your attention to what's happening right now with shares of synchrony financial. this is happening on the heels of dow jones headlines citing sources that walmart has elected to go with capital one as their new store branded credit card issuer issuing bank. that replaces synchrony financial which has been its partner for the past 19 years. so their shares sinking on the news from "wall street journal". capital one shares saw a slight uptick there we'll continue to watch those stocks as this story plays out >>> facebook is on pace for its worst day ever broader market is brushing off the facebook plans and tech fears. let's find out why let's bring in our managing director you know this narrative. we talked about how faang lifted the entire market. if it ever weakens the overall market would be in trouble that's not the case today. why? >> let's stick with the genesis of faang eigh

what happened to malaysian airlines flight 370.he latest report concludes the team is unable to deter real cause for why it disappeared. it's a nearly 500-page report. it iteratesmalaysia's search that the plane was deliberately diverted and flown for over ven hours after severing communications. that plane went down in the waters on its way to beijing f more thanr years ago. it's not been found. the latest search was called off just a few months ago.ai ag still no word. >>> the most famous biking rac is done. geraint thomas won. he is the first british-born winner. >> an american cyclist crashed on the first day of the tour. lawson craddick injured his shoulder. heledged $100 a day for each stage he finishes for a track he trained on back in houston. fans chipped in. this thing took off. >>nd talk about determination and the human spirit. this morning, the total is over $220,000. incredible. >> he was the last to finish. you didn't see that on the cameras but he's winning other ways. >>> still ahead, news 4,oday is t day. major co

nn july 4th o oard a united airlines flight coming from amsterdam.ake a look at thisxclusive video from the flight. you can see t rough landing caused interior ceiling panels to fall right on top of a passenger. that passenger even attempted to fix the panel as the plane s still in motion. the fox5 viewer who sent us this video said she t hopest united airlines will fix the issue and improve its safety standards. she says she's concerned because hadomething like this happened mid flight and they hit turbulence it would have caused complete chaos. >>> united airlines released a statement about the incident it reads in part "a ceiling panel came loose upon ladding ane contact with a customer. paramedics examined the customer to t confirmre were no injuries. we've apologized to customer for this experience and our maintenance crew has repaired the panel ." >> we're getting a better idea co how much destruction theof h. au c t major toll on hom but wee al idea of just how mnucfd. tateerre a putting county bingss agenciesertruc and also nonprofit organiza

clear to buy airline stocks again it's wednesday, july 18th. "worldwide exchange" begins right now. ♪ >>> another great band defined by its worst song. welcome. i'm brian sullivan it's great to be back with you it's a big day on cnbc it's the delivering alpha conference big names like larry kudlow, mark lasry, we'll have much more on the delivering annual conference in a few moments. and it may be a good day for you and your money stock futures are slightly in the green. all eyes are on the nasdaq, not the dow. it's all about the base, ns, noe treble tech stocks keep pushing higher. yesterday a number of big-time stocks made for highs. amazon, facebook, google, microsoft hitting new records. amazon shrugging off prime datek woes we'll get more on that in a bit. buyers are still coming into bonds. the ten-year ticking a bit lower to 2.86% >>> we'll have more on the broader markets and your money in a second. first we have some big breaking news on big tech, specifically google european union regulators set to fine the company a record $5 billion

pilot with the largest airline in the world."ustry analysts say the cost of training and keeping those new pilots will likely be passed along to passengers. we could be asked to pay more for extras on our flights ... for checking bags or more leg room. (grant) still ahead... a disturbing story-- a woman arrested-- accused of biting off someone's nose and then swallowing it- tonight we hear from the victim as she describes what happened... (lawrence bay area weather) (gary sports tease) if you feel like you spend too much time in the bathroom with recurring constipation and belly pain talk to your doctor and say yesss! to linzess. ♪ yesss! linzess treats adults with ibs with constipation or chronic constipation. linzess can help relieve your belly pain, and lets you have more frequent and complete bowel movements. linzess is not a laxative. it works differently to help you get ahead of your recurring constipation and belly pain. do not give linzess to children less than 6, and it should not be given to children 6 to less than 18.

are airline seats too narrow? >>> and see how hot dog eating legend joey chestnut is preparing to potentially set an all-time record today and how much is riding on his win. >>> a good morning, everyone. happy fourth of july to all of you as a relentless and deadly heat wave grips the eastern half of the country. a wildfire emergency is now declared in the west. >> already bad conditions are now taking a turn for the worse with dozens of large fires burning out of control. at least one of them is being called historic. and fire crews will be getting little help from the weather today. fire officials in colorado say the hot, dry conditions are pushing the so-called spring fire at remarkable speeds. it engulfed more than 130 square miles, the state's second largest fire in history.moren ho >> total devastation. it looked like hiroshima had another "a" bomb dropped on it. >> it's believed it was sparked by an illegal campfire. colorado has six big wildfires burning at this hour. authorities say there are nine in new

it's very different than the competitive airline.ink at some point in the next 12 to 24 months, you'll see a transaction just like general motors did a couple weeks ago to autonomous the business. delta will be in a position to do that and will prove to the market what the market or loyalty program is worth that's the investment opportunity. >> joe, great to have you on, thank you so much. joe dinardi, see you again soon. >>> the usda out with a new bearish report they are expecting higher soybean supplies as a result of new trade tariffs. soybeans are leading the american agricultural export and china is the top buyer purchasing $14 billion worth of u.s. soybeans last year. check out soybean prices when the report came out, they plunged going straight down. there you see the red on that ekg, but they have bounced back a little bit since then. this is on the heels of months of falling soybean prices. they have slid or slud as they used to say, 22% in the past three months how much longer can u.s. farmers navigate this trade war? we'l

bombard airliners, this shocks have been circling.ks have been circling. bombard eac series has been gobbled up by airbus and rechristened the 8220. boeing responded by promising to take over the commercialjet responded by promising to take over the commercial jet programme responded by promising to take over the commercialjet programme of embraer, including this new design. smaller aircraft me back into fashion and what the big boys are bargaining on is over the next 20 yea rs bargaining on is over the next 20 years there will be more demand for high efficient regional aircraft like this one. defence companies will be busy as well and there is a large delegation from the united states. president has been telling european cup —— countries to spend more on defence. american businesses are more than happy to sell them what they need. in 15 years after concorde make it final flight, supersonic travel is coming back on the agenda. industry giant boeing and ambitious start—up boom supersonic will be making big noise about the arrival ideas

airliner missing? we didn't shoot an airliner, we shot a tomcat, i thought.elief, that is not supposed to happen, that is not what we are here to do. 290 civilians passed away on flight 655, and of those 290, 66 of those were children. i felt so bad for the families that lost their loved ones. and sometimes, you are part of history and you love it and sometimes, you are part of history and you hate it — and this is just one of those things where ijust wish it didn't happen. but i was there. rudy pohoyo, on the terrible story of flight 655. now we had to australia, and the story behind one of the most iconic holdings in the world. in the 1950s, the city of sydney decided it wanted a new opera house. this would be no ordinary construction. engineer sirjack zunz was structural designer on the project. the first prize of £5,000 was won by danish—born jorn utzon, a storm of controversy follows. some say it's wonderful, others think it's dreadful. utzon dreamt up these wonderful shapes for his competition entry and they were three shapes. it's almost a stage in the

we have over 30 airlines that are is aisignatories to our lead use agreement. at this point, i think it would be appropriate to intro dude vardona sharma, who can address some of the concerns that were raised when originally heard. >> president cohen: thank you very much. welcome. >> good morning, ladies and gentlemen, chairperson cohen, and members of the budget and finance committee. thank you for giving us an opportunity to clarify the issues that were raised in the 2017, november 2, meeting for grant of signatory status to air india. air india -- i would just like to clarify a few things. air india is a company fully owned by the government of india. safety in all its aspects is one of our primary objectives and one that is not compromised. it's regulated by ddca, director general of civil air aviation, similar to the f.a.a. the dgca issues advisories in the form of requirements that must be followed by all indian carriers as well as foreign carriers operating to and from india. the c.a.r. issued is part of the series c part 2 and on the subject of medical