airline, they are all middle eastern airlines.ying was a fair field, which is what open sky requirements require, but we can't because those fares are subsidized. david: would about the air traffic control system? some people would say was built in the 1960's and we haven't modernized it. is it out of date? absolutely, but unfortunately it is radar based. many cars have better gps in the car than we do in terms of what we accessing our planes. and opportunities to improve air traffic control are not only speed for customers but the efficiency, sustainability of the environment an opportunity to make a difference. government is one of the reasons why the air traffic control system, because we have the faa on a five-year leash. you can't change air traffic control systems with our current funding model. we are advocating with different models to go after a long project. most countries around the world have better air traffic control systems than the u.s.. ofid: you have a pattern meeting with employees fairly regularly. called velve

airline. they are all middle eastern airlines.there was a fair playing field, which is what the open open sky agreements require, -- open sky agreements require, there is no question that the u.s. airlines would be operating, but we can't, because those fares are subsidized, and the costs are paid for by the government. david: the air traffic control systems, some people say that it was invented in the 1950's and 1960's and they have not modernized much. is it really out of date? ed: that's true. absolutely. david: what are you doing about that, what can you do? ed: it is absolutely safe, but unfortunately, it is radar based. many cars have better gps than we do in terms of what we are able to access in our airplanes. the opportunities to improve the air traffic control system are not only speed for the customers, but it is the efficiency, sustainability of the environment, the opportunity to make a difference. government dysfunction has been one of the reasons why the air traffic control system --because we've got the faa on a fi

, it has been a usual fight oi'i airlines, it has been a usual fight on theirtehran to airlines, it hasthe permission to launch the engines, they have taxi to the airline according to the dispatchers permission, they went to connect it to the dispatcher terror stop —— dispatcher terror. they had been given the permission to take off and they followed according to the dispatcher's permission. it is done to try and hide something out, so if you took the mic take a look at the flight you took the mic take a look at the flight radar you will see the specific place, up to the second correction, that you want to check out and for all of us, we do not need the voice recorder or flight recorder that we are still waiting to take a look at that, we still have different negotiations with the air traffic control that are, proves out air traffic control that are, proves our crew has done everything. let's discuss this with rana rahimpour from the bbc‘s persian service. on what has come out in the last hour or so from iran that this was thought to be a cruise missile, that is why the plane was shot do

we begin with the settlement released but tween american airlines boeing. agreement is overcompensation regarding the plane makers grounding of its 737 max which is in its 10th month. airlines have lost more than $1 billion in revenue after the plane was grounded following two fatal crashes resulting in the death of 346 people. american airlines has not said how much it will get from boeing in compensation for damages regarding the grounding of the 737 max jets but the airline regarding the grounding of the 737 maxjets but the airline did say it will share some of that money with workers by adding $30 million to an employee profit sharing programme. this is not the first us airline to reach an agreement with boeing and it won't be the last. the discount carrier southwest airlines which is the largest us operator of these 737 max planes says it reached an agreement with boeing a month earlier. this particular compensation package with american airlines relates to damages incurred last year but does not relate to anything incurred beyond 2019 which means boei

to follow suit >> the airline business is a copycat business if one airline is successful with one strategy, other airlines will try the same strategy. >> reporter: it's still not clear when or if the change is coming, but any airline that adjusts its fee structure will be hoping to attract more loyal customers, many of whom feel nickelled and dimed every time they fly. lester >> all right, tom, thank you. >>> now to our nbc news investigation into popular dating apps tonight a warning about the highly personal information you might be sharing, and where it could wind up. keir simmons has our exclusive report >> reporter: tonight an alarming warning from national security officials about the personal information you put on your dating apps >> if there is an interest to see it, assume that somebody could see it >> reporter: our investigation begins in europe where this is victorias give been on a few dates? >> yep. >> reporter: an american who recently moved to london. here, unlike in the u.s., european law requires dating apps to turn over data they keep on users if requested. we had three

you think about the airlines benefitting from that. they would be one.lue could be another. >> the newest fleet of airbuses. where you're not whatever. really interesting trade on delta airlines the name we certainly tony are watching thank you very much. for everything "options action." check out the website. "options action".cnbc.com. while there check out the news letter as well in the meantime heerp is what's coming up next on oa. >> coming up professor khouw ploo applies the scientific method to boston scientific ahead of the two big upcoming events for the stock plus, calling all "options action" fans reach into your pocket, grab your phone and tweet us your question at "oio aio if it's nice, we'll answer on air. when "options action" returns. "options action" is sponsored by think or swim by td ameritrade ♪ ♪ this round's on me.eat. hey, can you spot me? come on in. find your place today, with silversneakers. included in most medicare advantage plans. enroll today by calling the number on your screen or visit getsilversneakers.com it's got all my

soef soviets shot down a airliner. u.s. navy shot down an airliner. ukraine shot down malation airliner. these happen and the iranians are taking responsibility. >> i was talking with someone else. you google civilian airliners shot down wi military around the world. and there have been a lot of them. it's quite concerning. back to the 1960s it was happening. let's talk about what led to the this. killing of qassem soleimani. and we have the shifting narrative in the trump administration. that's putting it kindly. on soleimani's plans. and therefore the justification for killing him. the secretary of state mike pompeo can't say how imminent an attack was. i want to play sound and we'll talk. >> there is no doubt that there were a series of imminent attacks that were plotted by qassem soleimani. we don't know precisely when or where. it was real. >> you can't say it's imminent if you don't know when or where. it tortures the definition of the word. >> they handled lt after math incompetently. there's no doubt about that. multiple stories and briefed th

cool ♪ >>> airlines getting hit from two different sides.ver the coronavirus outbreak continuing to grow and scaring off travelers and david calhoun giving an update on the 737 max so should you stay away from all airline stocks together we're joaned by dan floits and is there as much need as that max to return as southwest airlines >> no. amongst the u.s. airlines they're the most dependent on it roughly 10-ish percent should be on the max and so they've been the most impacted by the grounding. >> is that why you have a hold on the stock >> that's part of it part of our view is that southwest is going to have to seriously consider diversifying into another fleet type, namely the a-320 to ensure they could grow and execute the strategy over the next few years. at a time when it is becoming increasingly unclear how much maxes they're going to be able to get over the next few years so we think that could create some complications to the business model and it may include m&a. jet blue would offer them the ability to gain access to the 320 with

that is reminiscent of the 1988 shootdown of the iranian airliner and they said what is an airliner e doing in a military zone. and the iranian authoritieses would have keenly aware of not allowing airliners to fly in war zones. of course it was a war zone that time. even though the americans did not the have had not the responded. the iranian authority should have issued a more directive if you will between the civil aviation authors, the airlines and the controllers and the radar operators of the military system. i'm sure they were anticipating an american retaliation. and when i lecture the young men and women, i sometimes tell them e the most dangerous things are adrenaline and testosterone. you don't have a lot of time when a blip is moving across the screen. but it tragediically and thos 1 lives -- 174 lives i guess. but it happened before and we haven't learned the lessons as a sew e sighty. >> an as we have been covers it the last couple hour hours and i mentioned it a couple times in. you google military shootdowns of scivilian aircraft. it has happened a lot. what lessons sh

all the other airlines have made no progress. unchanged, luv unchanged, united unchanged and delta up 6% that's the setup we want. >> no exposure to the 737, it's the one thing i think i know we're talking options and charts they don't have the max exposure. >> they're an airbus, airline principally united has a lot of 737 exposure southwest has the largest 737 max exposure also interesting when you think of the factors go into pricing a airline, fuel. delta, going so far to buy their own refinery this is forward looking in is that sense. >> we talk charts and not fundamentals, around boeing and some of these documents about the 737 max, i talked to former airline executive and he said don't be surprised to see delta start advertising the type of plane they fly. >> uh-huh. >> come with delta we have the airbus a 320. a-319 if people are weary of the 737 issue. >> i don't think that was the thing people would advertise in the past but it is now you think about the airlines that are going to benefit from that, they would be one. je

ianand once again as airlines, japan airlines, cathay pacific airlines and ag on airlines all down -- airlines all down. on the screen. those major airlines down. cathay pacific cutting half their capacity to china on those coronavirus fears. the other airlines down as we see those -- case counts continue to grow. those airlines will be under pressure in the asia region. juliette: but do you think it could spread more globally as well? >> absolutely. there is no way it can't. if you look at the correlation of the way u.s. and chinese airlines perform, those stocks perform, they work very closely, very strong correlation there. american airlines, delta and united to name a few really decided to cut some of their flights over to china because of coronavirus concerns. it is not just in the airlines. any business travel to singapore, japan, south korea, apple, amazon have said, they are watching the virus, watching travel. definitely something on their radar. it doesn't look like the airline pressure is going to let up as long as the coronavirus is in the headlines. juliette: thank you so

airline stocks take a look at asian airline stocks quanas down about 5% korean airlines off by 7%. asian airlines 5% and singapore airlines off by 3% cosmetic makers a big decliner these companies depend on chinese visitors declines in the order of 11% and 15%. but hand and face mask producers were two big names surging you can see both of them up in the south korean trade up 29% in today's session. back to you. >> thank you let's head out to london with joumanna bercetche >> thank you, courtney you can see we have a bit of green on the board this is in stark contrast to the performance we had yesterday the weakest day for the stoxx 600 in months. we have seen some positive sentiment emerging the ftse 100 up about 0.1% basic resources. right at the bottom, we are seeing an underperformance of some mining names. auto is in focus here. daimler, bmw are some of the names and of course lufthansa trading in the red as well cac in france up about 0.1%. let me show you names that have exposure to the coronavirus and have been underperforming. minors in the uk trading in the red. bhp down

is it possible that they saw the airliner on their radar and ignored 01’ airliner on their radar anding in saying that it was a commercial airlinerand saying that it was a commercial airliner and act not a military air vessel instead ? airliner and act not a military air vessel instead? i think it is quite possible that it was an accidental shoot down. there is no evidence at this time to suggest that it was a deliberate shootdown of that airlinerand it is deliberate shootdown of that airliner and it is quite possible that you could have had poorly trained personnel looking at their radar screens and potentially either ignoring the codes that identified it as ignoring the codes that identified itasa ignoring the codes that identified it as a commercial airliner or misinterpreting those information is and thus shooting it down. i am certainly not prepared to go so far as to say the iranians deliberately shot it down because they don't think we have any evidence to that effect. but accidental shoot down? absolutely. they have certainly invited people to come in and have a look and be p

aircraft carrier downed an iranian airliner. the iranians moved quickly to admit responsibility in the face of overwhelming evidence from the ground and from the united states own imagery and effectively spy imagery that was able to give the united states a degree or high degree of early warning on those missiles fired against them from iran. the ability of the united states to look down on iran and spot missile strikes and protected them from the missile strikes and indeed helped to reveal the culpability that the iranians admitted. hasn't under mined the iranian prestige among the iranian-backed militias here who continue to demand the withdraw of u.s. forces and if they don't see signals from the u.s. they will be withdrawing from iraq they will get violent. >> sam kiley live in baghdad. thank you. >> another track we are following in the story, the trump administration announced new economic sanctions against iran following attacks on u.s. troops earlier in the week. for more we are joined live from beirut with more on this.

we'll be asking if the deal will be enough to secure the airline's long—term future.o in the programme... the death of this teenage girl 17 years ago features in a devastating review of child sex abuse in greater manchester which says many children were failed by the authorities, and many still are. you are saying that you are still being inundated with complaints of abuse now? massively. current abuse? current abuse, every day. placing bets using a credit card will not be allowed from the middle of april to try to reduce problem gambling. and wildfires such as those in australia could become common in other parts of the world by the end of the century if global temperatures continue to rise. and coming up on sportsday later in the hour on bbc news, it's been a busy night in the fa cup. five replays with a place in the fourth round at stake. good evening. flybe, one of the biggest regional airlines in europe, has managed to strike a rescue deal with its investors and the government. shareholders, including virgin atlantic, have agreed to put more money into the loss—m

that we have about all the airlines. sometimes they're late. sometimes the service isn't so good, but all in all, you'd be hard pressed to find people who had serious concerns about the safety level. the staff members we talked to today said they had no worries at all. >> scott mclean in ukraine. thank you. lets get some analysis on all of this, aviation maritime attorney dan rose is with me. he's also a former navy pilot. when you're hearing all this, my question about why would the airline, you know, green light the flight in the first place after all these missiles had been flying, right, towards u.s. bases in iraq. the other question is how credible are these reports that it could have been a missile that accidentally took this plane down? what do you think? >> yeah, you know, there are layers of responsibility here for not putting a plane up in the middle of a war zone. i mean, the airline should not have put it up there, the iranians certainly should not have let it up there. you know, it just kind of baffles, you

german flag carrier and its subsidiaries including austrian airlines have canceled all flights to and from tehran for the next 10 days it follows the crash of a ukrainian airliner on wednesday to other carriers including kaleigh air france singapore airlines and their region air are rerouting flights to avoid iraqi and iranian airspace. korean state energy group naftogaz is suing russia's gazprom to compensate for seized during russia's annexation of crimea in 2014 the total is more than $6000000000.00 euros a decision by the permanent court of arbitration in the hague isn't expected until the end of next year. construction on a railway line linking finland with poland has begun and estonia bell tical will connect the bellatrix states to the european rail network the project is already 2 years behind schedule but its target is to be up and running by 2026 to italy now where several towns and cities in the north this week temporarily banned older diesel cars from the roads it was an attempt to deal with a major drop in air quality which has seen thick layers of smaug envelope in urban

our lives are ruined because of thomas cook airlines uk.around to me and said to me, "it's gone." i went into the flight deck and cried. when do we want them? now! it has not been possible to save one of the most—loved brands in travel. after 178 years, it was all over. as i got to the airport, i started to cry, because i thought, "i'm coming here in a uniform and i've got nowhere to go." you can't just leave brits stranded abroad. i want to go home! bankruptcy, bitterness and rage. i think it's been a national scandal to let a company of that size and that heritage in history just fall like that. they took millions of british tourists abroad every year. the biggest brand offering winter or summer sunshine. thomas cook was the uk's oldest travel business. also, the best—known travel brand on the high street as well. so it had a huge amount of love and respect from its customers and its employees. it changed the way people travel... two weeks in greece, late july. let's see! ..and created a new concept — the package holiday. four people...tw

meanwhile several commercial airlines including quantas air france and malaysia airlines have canceled or rerouted flights to avoid iranian airspace as the military tensions continue. and the world's biggest consumer electric shock electronics show is back in las vegas and while chinese companies still have the biggest footprint in the show they scale back a little bit to the trade relations a c.s. is no longer just a showcase showcase for tech companies boasting new phones or trade network technology today firms like airlines and car companies are also showing off their latest just the latest sign of how personal technology is migrating into every aspect of our lives. a look at the future of automobiles german com maker b.m.w. presenting the self driving electric eye 3 urban suite the prototype has only one passenger seat feet up and let the car do the driving. this car might become reality soon but until then the car makers have to overcome of a riot deal hurdles. we call it a holistic approach we're not focusing on your new technology rofocale singh also on the legal discussions roo

one of the most levered airlines.the greatest risk of an economic slowdown. all of the others, united and delta as well, given their exposure abroad heading lower on this news. i mentioned oil because jet fuel continues to be a big cost for all of these airlines. delta coming in spending about 18% of their total sales for some of the fuel cost than american and united as well at about 20%. i also mentioned terrorism because some of this impacts travel. the tourism industry. take a look at the global airline index. in the last few years it is down 20% after the paris and brussels attacks in november 2015 and march of 2016. also got underperformance there. all of this is a perfect storm for some of the airline stocks. guy: what is the picture globally? we've seen lufthansa down in europe. taylor: exactly. take a look at the global airlines that are more impacted by some of the domestic u.s. stocks. air france down 8%. lufthansa op 6.5%. some of the others, air canada, iag that have blessed exposure to the middle east --

airlines, china and australia.ther companies including qatar airways said flights would operate as normal. -- said it has adjusted -- it's adjusted flightpath would add 50 minutes to london and that passenger numbers would be reduced in order to carry extra fuel. it is not the first time airlines have taken steps too limit threatats. last year, airlines rerouted flights to avoid air space in the gulf region after iran shut down a military surveillance drone -- shot down a military surveillance drone. >> c coming up in the next half-hour r we should be hearing from carlos ghosn, speakingg publiclyly for thehe first t tie since he led -- since he fled japan for lebanon. >> a major figure in the car industry and we will be watching what he has to say. chargeshosn's arrest on of financial misconduct over a year ago that to his removal from the leadership of ruben martinez: los angeles, from the early 20th century all the way until today, is a city defined by immigrants arriving here in wave after wave. we're e a city o

airlines claim it damages the industry and flybe is tens of millions of pounds in arrears.s sport today, live from the bbc sport centre. coming up on this programme: baseball's sign—stealing scandal continues, as the boston red sox fire manager alex cora. the argentinianjob. lo celso and lamela combine to give tottenham a hard—fought victory over middlesbrough in the fa cup. and setien settling in nicely. we hear from the new barca boss as he takes training for the first time. hello and thanks forjoining us here on sport today on bbc world news.

airliner spirit airliner supplies 2 thirds of the model structure but the news is just the latest in the ongoing crisis surrounding bowling and what was once its best selling flame earlier internal memos were leaked revealing staff were aware of problems with the jets and withheld information from us in the nation regulators the plane has been grounded worldwide since last march following 2 deadly crashes a widely circulated quote from the leaked memos described the plane as being designed by clowns and supervised by monkeys. and it's back to jose luis de haro on wall street so this isn't the sort of scandal that's caused boeing to lose its position as the biggest plane maker in the world but this isn't just going to hurt boeing as it. not at all would you know to $737.00 max crises is having a chain reaction not only has it caused around $9000000000.00 so far to boeing according to some estimates but also the company has lost its position as the world's largest playmaker in airbus boeing is about to present the model production over decent more these are will suppliers such as you m

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rival airlines rival up plan for flybe. rival airlines rival up to complain about what they call a misuse of public funds. a once in a generation clinical trial is announced to find new treatments for motor neurone disease which devastates lives and families. the duchess of sussex‘s first public appearance in canada since last. and at 11:30pm we will take an in—depth look at the papers with the reviewers, sidney boniface, christopher hope from the telegraph. so stay us for that. our good evening. the past decade was, officially, the warmest on record. figures released today, paint a stark picture of rising global temperatures, and the impact that human activity is having on the planet. the data, compiled by british and american scientists, including the met office and nasa, also reveal that 2019 was the second warmest year, based on data going back to 1850, and temperatures are set to rise further, unless action is taken. our science correspondent rebecca morelle has more details. from the heatwaves across europe that saw t

good evening stunning new video tonight appears to show the moment a missile strikes a ukrainian airliner as it departed teheran's airport early yesterday just hours after iran's military attack against u.s. forces in iraq the new pictures come as american and canadian intelligence sources tell us there is strong evidence the plane and the 176 people on board were mistakenly blown from the sky by iranian forces but from iran tonight, strong denials we begin with nbc's tom costello. >> reporter: tonight, u.s. intelligence sources say satellite imagery and communications intercepts confirm iranian missiles sho a passenger jet out of the sky early tuesday morning. this video taken from the ground appears t show the moment a missile exploded the fireball streaking across the sky ukrainian airlines flight 752 left teheran at 6:12 a.m. headed for kiev. u.s. sources say two minutes later, two russian-made missiles fired at the plane seconds later, a midair explosion the plane crashing to the ground u.s. officials believe the shootdown was an accident as iran was on high alert for a u.s. countera

we're talking about southwest airlines which flies out of all three bay area airports, bob. what else does this report reveal? >> reporter: the report also reveals that the feds, the faa has been lax, inconsistent and ineffective in its oversight of southwest airlines according to a draft audit put out by the inspector director that was obtained by "the wall street journal." according to the journal's reporting the inspector general found that over a period of two years southwest flew more than 17 million passengers on airplanes with unconfirmed maintenance record. one smashed both wing tips while trying to land in gale force winds and the airline was never penalized for those alleged slip-ups. the journal reports the faa allowed southwest to, quote, fly aircraft with unresolved safety concerns and that a number of faa employees, quote, raised

we've seen a spike in oil prices airline stocks have taken a hit on the back of this.epared are these airlines for higher oil price and what's the kind of impact you're looking for >> you watch out for pest lance and war. in the case of geopolitical back drop where there's a risk of war going forward, it's clearly not the time to buy airlines, is what some analysts would argue i'm looking below the surface of geopolitical and say oil is 30% of most airline p&ls 100% of the top line, namely pricing, is more important than 30% of the p&l, which is related to oil on top of that, in the next 12 months, what you have is ultimately airlines largely hedged the worst hedge is 50% we have good hedging levels and that top line going well in the face of 30% of the costs, as you mentioned, on fuel not going in the right direction. listen, i understand your point. clearly, if the geopolitical back drop is not good, most generalistist pms would not be massively excited about the airlines. >> from a bottom up perspective, perhaps a buying opportunity >> good point. >> you mentioned t

until 2015 when it was overtaken by european airlines and from a customer's point of view it still is in a way it's a reliable airline but what we didn't know all along is that it's been stacking up that it's $3900000000.00 u.s. dollars of debt that it's been sticking up and as a matter of fact it hasn't made any profit since 2011 so that's looking bad and it's received bailout after bailout $1400000000.00 u.s. dollars all together what's behind it mismanagement corruption and it's not the only state company that's in the reds it's also eskom the power company is also really not looking good is there any way of saving south african this time. well the rescue practitioners they say they remain hopeful. and they say that is reasonable thought that there's a good chance that they'll save it and they want it is coming along. i mean they need to sell those 9 aircraft and they're really old nobody will be really interested they're about to be grounded actually and then they can sell parts of cruft maybe that's a chance but yeah they really need the money that the government has been promisi

a ukraine international airline 737 bound for kiev reduced to smoke and wreckage. all those on board killed. rescue crew and emergency personnel pick through what's left natasha johnson mom how many airport. video released on social media shows a faint light flickering and then a fireball. the boeing jet had set off from town early on wednesday after being delayed almost an hour. in such things fortunately it didn't question the reason into area but the wreckage has scarce it around the gardens of villas within a large radius nobody has survived. this mother and father a flight attendant on ukraine international airlines who waiting for his arrival in kiev now they're waiting for any news or tool for the missing social worker my son is a senior flight attendant my daughter called at 615 this morning to say that in the us they were reporting that a plane had crashed a ukrainian international airlines plane she asked were equal or was flying to and we said teheran and that he would return on the morning flight and then we found the video of the plane crashing the pla

what is it mean for the airline?cards can be a huge driver for revenue and the bottom line. airlines face a lot of different tough dynamics with boeing and air travel in general being a tough place to be in. credit cards can be a huge source of profit. you're seeing them always look for ways they can get more out of their programs. joe: what is the hot card that card geeks are into? >> it is a good question. it always depend on -- it always depends on what you spend on. if you spend more on groceries, the grocery cards are the right one. if you spend on both, maybe going with a chase card could be the right one. scarlet: they need to make a reward system for venmo. >> they came out with a new card. scarlet: do you go. for those who fly united, good news. they can continue to use their jp morgan cards. coming up, we talked about airline points. the american express company reports fourth-quarter earnings for the bell. joe: the number for u.s. manufacturing pmi comes out at 9:45 a.m. eastern. scarlet: bloomberg technol

in iran meanwhile several commercial airlines including quantas air france and malaysia airlines have canceled or rerouted flights to avoid iranian airspace as the military tensions continue. the world's biggest consumer electric shock electronics show is back in las vegas and while chinese companies still have the biggest footprint in the show they scale back a little bit to the trade relations a c. s. is no longer just a showcase showcase for tech companies boasting new phones or trade network technology today firms like airlines and car companies are also showing off their latest just the latest sign of how personal technology is migrating into every aspect of our lives. a look at the future of automobiles german com maker b.m.w. presenting the self driving electric eye 3 urban suite the prototype has only one passenger seat feet up and let the car do the driving. this car might become reality soon but until then carmakers have to overcome of a riot deal hurdles. we call it a holistic approach not focusing on your methodology rafah crossing also on the legal discussions will also.

to cut airline passenger duty on domestic routes.mental groups have expressed their anger at the plans saying that cutting the tax would hamper efforts to tackle carbon emissions. the government's proposal was driven by its election pledge to improve connectivity outside of london. jon donnison reports. flybe will fly again. good news for its passengers and huge relief for the company's more than 2,000 workers. absolutely ecstatic, yeah, really happy for myself and my partner works for flybe so yeah, really good news for everybody. the exeter—based airline survives because its shareholders, which include virgin atlantic, have agreed to put in extra money, but only in return for the government agreeing to consider cutting taxes on domestic airlines. hearing that things like air passenger duty will be reviewed was very interesting for them, of course it will be reviewed for everyone, and ensuring the way that our regional connectivity works, that we can level up communities, make sure our union is strengthened. cutting air passenger du

we talk about retail, airlines, tourism. a lot of this will bounce back once this is on contained.it starts to affect supply chains, if it extends to the second part of the year, you hit productionments that where you have concerns. >> there are some things that get made back up maybe a business trip will get made up. >> production is where the concern will set in. >> thank you for being with us today. a story we'll have to continue to follow. a quick check on the futures now. we have a number of hours to go until that opening bell sounds dow jones industrial lower by about 150 points s&p 500 lower and nasdaq lower as well. "squawk box" begins right now. >> stocks tumbling in asia overnight over fears of the rapidly spreading coronavirus. we'll tell you how much will hurt the growth. >>> we'll look at the gdp fourth quarter in the united states and elon musk is celebrating as tesla shares surge stock is up more than 50%. thursday, january 30, 2020 "squawk box" begins right now. good morning welcome to "squawk box." we are live from marketsite in times square i'm becky quick. joe is

aboard the plane were killed when it went down shortly after takeoff it was ukraine international airlines 1st fatal accident in its 28 year history. time sumi so much going to it's good to have you with us u.s. president donald trump says iran appears to be standing down at its confrontation with the u.s. he was speaking at the white house after iran launched a missile attack on military bases housing u.s. troops in iraq iran had claimed that at least 80 americans had been killed but trump said lives had been spared. a crucial and highly anticipated moment no americans were harmed. in last night's attack by the iranian regime. we suffered. all of our soldiers are safe and orderly minimal damage was sustained at military bases donald trump confirming no troops were injured or killed in iran's missile attack meant there was no need to escalate tensions between the 2 countries. it's all about the iranian state television had earlier claimed missiles fired by iran's forces had killed 80 u.s. soldiers at the ion al assad air base in iraq. the attack was an act of revenge for the killing of top

let's talk some more about the regional airline fighting to stay alive financially.ider cutting air passenger duty on all domestic flights as part of a plan to save regional airline flybe from collapse. the government is to consider cutting air passenger duty on all domestic flights as part of a plan to save regional airline flybe from collapse. the former transport secretary lord adonis joins us now i think if we have an issue with the subsidy of regional flights which are socially and economically necessary, we should deal with that directly by subsidising them, as is possible with the eu rules with what is called public obligation flights. the flybe flight from the uk to london, economically and socially important to north and west cornwall, which is very isolated and doesn't have a good train service, thatis doesn't have a good train service, that is already subsidised and can be within eu rules. if flybe cannot continue to operate the flight, that can be franchised to another aviation company. i don't think can be franchised to another aviation company. idon't t

airline cuba in decades is scaling back.l end service to havana after the trump administration restrictions reduced travel to the island. -- it began flights to cuba in 2016. up, balance of power with david westin. commerce will be joining the program. this is bloomberg. ♪ david: -- bloomberg.com --david: from bloomberg world headquarters in new york to our tv and radio audiences worldwide, i am david westin. welcome to "balance of power," where the world of politics meets the world of business. today, and it edgers in from washington -- ann edgerson on president trump's so defense team and the not secret steps about issuing new government bonds. with the's start first new defense team for the president. he has added some big names. were the biggest names kenneth starr from the clinton impeachment trial and alan dershowitz. he will have recognizable names. the defense they will put out will focus on saying that what the president did is not impeachable. alan dershowitz had a statement on twitter where he said what he is bein

ukrainian airlines said the airliner was only three years old and was serviced two days ago.r said the plane was one of their best. the plane left the iranian capital tehran early this morning. it was bound for the ukrainian capital kyiv. data published online shows the plane crashed minutes after take—off. the boeing 737 steadily climbed some 11,500 feet. take—off initially appeared normal. then the plane suddenly disappears from radar. that suggests there was a type of catastrophic incident. there was an initial suggestion from a ukrainian official of an engine failure. but if an engine fails, a boeing 737 should be able to keep flying. pilots train regularly for that scenario. crucial to establishing the cause of the crash will be the aircraft's flight data and cockpit voice recorders. the iranians have them. protocol dictates they will lead the investigation. it's claimed this video shows the plane. if genuine, it seems to be on fire. there's a flash before the impact. if there had been an engine failure, one of the two engines on board the aeroplane, it would still be ca

you had earnings and understand also to understand airlines. if you look at the companies in terms of balance sheets and valueses it's an interesting time when you look what's going on right now, i still think the cyclicality of just the -- look at the iyt, the etf trading the transportation sectors that's not a chart i want to buy. fedex testing lows around 140, 135. as much as i think delta is a very strong play in terms of valuation and a company that's probably, you know, counterboeing, i wouldn't buy -- i'm long. >> i assume you'd like to look at the last outbreaks, the sars or mers or spirit airlines which i'm long middle 30s trading above 40. i don't believe they fly to asia. >> don't fly to china. >> you have these sold off as macrosector bets i would look for those sold off with the group that shouldn't be sold off obviously biassed to savepsave ushtd abbayer if it's selling off on in. >> delta airlines has a major double top from july of this year recently you have to think if if continues tests the lows we saw fl december of 19 which

and we are hearing of airlines re—routing flights around that whole region.ave had qantas saying that, a small number of flights, airlines are taking action. there is concern. it is early stages. we don't have any evidence to suggest the tension and the missile strike overnight is linked to this incident but at this stage we cannot count it out. and boeing has a new chief executive handling a crisis around the 737 max. and for this to happen today... it isa max. and for this to happen today... it is a massive if at this stage. it isa it is a massive if at this stage. it is a massive kind of crisis again, for boeing to deal with because it is the third time that one of its aircraft has gone down in 15 months with a major loss of life, but i think, at this stage, we don't know why the plane went down and this could be nothing to do with technical problems on the plane, and therefore those sort of questions will have to be asked by boeing, i guess. tom burridge, our transport correspondent, thank you. let's take a look at some of the other stories making the new

airlines claim it damages the industry and flybe is tens of millions of pounds in arrears., in this deal the taxman has agreed to work out a payment plan for those arrears. that will raise eyebrows among flybe‘s rivals but, after some heavy financial weather, flybe is still airborne. a report into historical child sex abuse in greater manchester says dozens of children suspected of being groomed by gangs were failed by the authorities, partly because of concerns about race relations. the review looked into 0peration augusta which was launched in 2004 following the death of 15—year—old victoria agoglia, but was wound up too soon. an independent review says police and social workers knew children were suffering ‘the most profound abuse‘. 0ur north of england correspondent judith moritz reports. victoria agoglia lived a short and horrific life — beaten, raped and injected with heroin. living in care, the authorities knew what was happening to her. two her grandmotherjoan tried to get help. but nothing was done and victoria died, aged 15. theyjust didn't care, and all these men

the chief executive of easyj et has airlines.ying taxpayers should not be used to bail out individual companies, especially when they are backed by well funded businesses. this is all about plans to defer payment of air passenger duty, which is collected by the airlines on behalf of the government and it looks as though there is going to be a little bit of a holiday before flybe has to pay that back and also the proposal that, in future, air passenger duty could be reviewed. also, criticism is coming from other department. the rail delivery group, which represents railway operators, said any review of air passenger duty that encourages more people to fly domestically would limit efforts to tackle the crime climate crisis. so the government may have come up with a deal that allows flybe to keep lying and keep regional connections but there is certainly controversy about it. theo, thank you very much. part of our fantastic tea m you very much. part of our fantastic team in the business unit and you can see what they are writing abo

as investigators search on says a number of airlines have suspended flights at the iranian as space. and on the ground and the agency workers are getting on with the grim task of recovering the dead. and for more on the plane crash i'm joined by aviation expert steven wright steven from the information we have so far what do you think caused the plane to come down . this time we're really not sure it could be a number of items one is possible engine far some sort of catastrophic event in flight what particularly unusual is the loss of. this aircraft transmit study to altitude direction and so on and this is picked up on the ground we can all read this information on various websites and yet about 7 minutes after takeoff this data is just so used and that's particularly unusual so it means that something really bad happened. because a you and embassy in iran initially said the accident wasn't caused by terrorism but the word terrorism was removed from the statement what do you make of that could this have then been a deliberate act. well at the moment we're just not sure if it is a de

are already racking up big compensation claims from airlines. chain disruption as well, that has implications forjobs and it means, ultimately, to restart productions quite complicated. it means, ultimately, to restart productions quite complicatedm sounds like there are multiple issues with regard to this new plane, as it were, not least public confidence in it. will anyone want to climb on board a 737 max in the future? that's the biggest question. it is really intangible. boeing knows it. i was in seattle last month, they invite a small group of people from the industry, and they made it clear they wanted help all round they couldn't to it all on their own, they have to rebuild confidence. ahead of that they have to get re— certificated. it is not clear when that will happen. originally it was thought it could happen before somerset plains was not moved by now, but it hasn't happened yet. we are moving into the first quarter. these planes in the majority at least are likely to be out of service for the whole of the summer, which is a big impa