for the airlines, it's a double hit. notjust airlines, it's a double hit. airlines, it's a double hit. notjust not flying to china but load factors are falling quite significantly when that happens, as you say, the prices come down. if you're brave enough, there are some great bargains to be had out there but you take about, does the flight but you take about, does the flight operate at the end of the day? how do airlines balance the competing considerations of, on the one hand, looking after their customers allowing people to cancel flights, for example, and geta cancel flights, for example, and get a full refund or rebook at some unknown date in opposed to the cost of the airline of doing that. how do they weigh those can heating factors? they look to the government for advice. for advice on travel policy, warnings about help stop your insurance policy will trip out if there is an advice about travel to a particular country. they are going to use that as the litmus test or can you book, can you fly. some are a bit more flexible than others but there is ple

virus concerns are disrupting the airlines, under pressure this morning as well as you might imagine. phil lebeau has a look >> check out the european airlines because the concern is that that cluster of coronavirus cases in italy could manifest itself in other parts of italy as well and fewer people traveling. ryan air down more than 12% today. also look at aiag the parent of british airways also taking a hit down more than 8%. in terms of the u.s. carriers with the most exposure to europe they are feeling the impact as well out of concerns that we'll see fewer people potentially booking trips to go over to europe talking about delta, american, united all down anywhere between 4.5% and more than 8% in the case of american airlines. by the way, this is also with domestic only carriers they're feeling it or generally speaking almost completely domestic southwest airlines now, southwest does have some exposure in terms of international routes going to latin america, to the caribbean. but generally speaking this is a carrier that is domestic only and, yet, this is a stock under pressure

how big a problem could that 10% fall in asia the airlines? it isa 10% fall in asia the airlines?is a huge amount. every day we are sitting here talking about the impact the coronavirus is having on businesses, but it does seem that the airlines are particularly struggling. the international air transport association has been warning that airlines could use more than 29 billion us dollars in revenue this year as a direct result of the coronavirus, and the global airline industry bodies predicting that demand forair bodies predicting that demand for air travel could fall for the first time in the decade, thatis the first time in the decade, that is since the financial crisis in early 2008, 2009. so airlines have already had to ta ke airlines have already had to take measures, they have been cutting flights in asia, they have suspended routes to china and that is because demand has dropped because people arejust too scared to travel at the moment and the iata estimates that chinese airlines are set to lose nearly 13 billion us dollars, and that is just in the home market. of course

>> it is airline by airline whether they can reduce and the degree of flexibility the regulation allowsough not experienced enough to give advice to my colleagues, who are much more skilled than i am, but we will adapt, of course. >> you have seen this industry go through so much, airlines reeling with the impact of the much more max, so how does the outbreak compound the situation for these airlines? which haveairlines reduced capacity due to the 737 , for a third of them located in the u.s., so they are not highly impacted by the coronavirus, or the asia-pacific. it represents something like 35% the 73ines operating seven max, so if you add the coronavirus, it should have a significant impact. , what wes above that expect is duration that can be measured in weeks, months, so usually the airlines have the ability and flexibility to adapt capacity without impacting activity to strongly, but they will go through it. >> always great having you with us. thank you. romaine: thank you. a knock on the door from the rs not something you want to hear, but if you have failed to file tax returns

airlines are particularly hit.g airline, they are starting to lay off staff because of the impact so for the western economy, so far the impact is relatively modest, so we see it is more negatively hitting the asia—pacific region. see it is more negatively hitting the asia-pacific region. how long will that continue for, do you think? how long can we expect for that damaged the economy to just be focused in the asia—pacific region? i think if this outbreak can be contained within the first quarter, i wouldn't be too worried about the negative spill—over in the region because we would be quite expecting quite av —shaped rebound in the second half of the year, but if this doesn't get contained within the next month or so, i would start to be quite worried and i think some of these worrying forecasts you have mentioned just now could materialise. but i think general consensus in the market now is it will be contained by the end of the quarter. janet, what you think of the 620 quarter. janet, what you think of the g20

some of the state owned airlines .adly from the people's bank of china trying to address the coronavirus is their priority. they want to ensure there is enough credit going to the manufacturing sector. they did say they think the impact on the economy will be limited. the imf is saying they think that maybe global growth will strengthen in the second half. they are seeing moderate growth. they are sticking to their guidelines in 2020. monetarysaying that policy and fiscal policy will be essential. they do know to the risks from the coronavirus. we are expecting to get the loan prime rate out later today. bloomberg economics expects a cut of 15 basis points. we saw the medium term lending facility up by 10 basis points. that suggests there is a strong likelihood the opr will be trimmed again as central bank tries to ensure there is enough liquidityeconomy. a slow returns of to some sort of normality, what is the latest on macau as they get the approval for some of the casinos to reopen? yvonne: close to reopen their doo

major airline manufacturers require 200 hours of flight time, but some airlines want to change the rulesndustry is moving towards a different type of licence that only demands 70 hours of flight training to become a co—pilot. the technology now is really driving up. we are now going to a level where flying is digital. but, as the boeing 737 max fatal crashes demonstrated, pilots only have a split second to make a life—or—death decision. some analysts say red flags were raised about training. being a pilot, 99.99% of the time, it's all very routine, very boring, very stable. but then you have this 0.001% of the time that you really earn your money as a pilot, and they have to be ready. until the hiring glut shrinks, pilots will face growing pressure to meet the industry's demands. but before we go, here are the markets. you have seen that there has been a big sell—off, no surprise with regards to coronavirus. it will be a big week, we hearfrom alibaba, nestle and others regarding earnings. apple's main manufacturer in china has the green light to resume some production. that has brought s

unfortunately the pegasus airlines plane could not stay on the runway due to poor weather conditions and skidded for around 50 to 60 metres. when it fell down a height of 30 to 40 metres. 175 passengers through babies for flight attendants and 2 pilots were on board. so far 120 passengers have been transferred to nearby hospitals. using. the version of the. footage of the landing shows the plane on the runway at high speed in heavy rain and strong winds. it continues past the end and then plunges not long after the smoldering wreckage passengers escaped some emerging from a crevasse onto its a wing others out of the gaping fuselage which had split into 3 parts. as the response continues flight operations have been shut down with other aircraft diverted to istanbul's other international airport. now this accident comes a month after another pegasus plane skidded off the runway at the same airport in istanbul earlier we spoke to d.w. correspondent dorian joints and we asked him if people are now going to be questioning the safety of this low budget airline. indeed i think the papers sa

international airlines.ntative action already. for example, virgin atlantic flies to shanghai and has entered that the chinese market. where an airline has a spread of different routes and destinations they will be looking to possibly put a hold on that one and concentrate on the rest of their portfolio. where an airline, for example cathay pacific, is right at the seat of the core of all of the activity, that is going to be very difficult to medicate because it could supported crisis management. —— to mitigate. some airlines are more viable and sustainable financially, they have a big history behind them, for example the two airlines that we have named, virgin and cafe. there will be other airlines that will be more original, short—haul. —— virgin atlantic and cathay pacific they will be just making a turnover or profit on a much more marginal way than those larger airlines. we may see a shake—out in the coming weeks. larger airlines. we may see a shake-out in the coming weeks. watch this space. sally, good

what i'm hearing from a lot of airlines, budget carriers or legacy airlines, simply bookings of fallenf. that's really serious in terms of leisure travellers who aren't going places, but more particularly, businesses which are telling their executives who would normally be filling up the fight cabins at a premium fares, you cannot travel because we have a duty of care towards you. just this week we are supposed to be in the middle of the mobile world congress in barcelona. 100,000 people piling into the catalan capital. that hasn't happened and as a result if you want to be counterintuitive, there to barcelona, venice, rome and you could leave in a few hours from one of the london airports paying less tha n one of the london airports paying less than £140, $180, for a three night break in italy or spain, four hotel, and unprecedented access. night break in italy or spain, four hotel, and unprecedented accessm could end up being turned into to exude you end up quarantined and stuck there. that's the concern. the first anxiety is an idea a lot of people around the world have that if you

so then -- america airlines and america airlines immediately, we're very sorry, mr. arroyo.pe you're back soon as a customer as if you're going to start flying american airlines. >> i am. if i have to hike, hitchhike here and things are so worrisome now on airlines because of the coronavirus, not only are people wearing masks, the animals are wearing masks. >> laura: the cat. >> laura, this week i came across just in time for valentine's day. >> tonight is. happy valentine's day. >> this is one ofon the most absurd aps ever. this is for people who want kids without romance. family by design is one of these companies. watch the ad. >> we'll match you with your ideal parent and partner through our matching service which provides detailed profiles of potential partners. our compatibility algorithm will help guide you to your ideal parenting match. we'll-help you find a partner just right for you. >> two biggest sites, they connect people who want to get right to the shared custody of the kid and skip the marriage and honeymoon. they strike legal arrangements, which allow them t

people have been reported injured some passengers were able to escape from the wreckage of the gases airlines aircraft themselves and emergency crews that evacuated to others you're a looking at live pictures where rescue workers there after the plane wreckage are still trying to rescue. passengers that are potentially trapped in the plane ongoing operation we're going to try and establish contact with our correspondent in istanbul to get the very latest but for now i want to continue to another top story in turkey as well where officials are dealing at this very moment with another disaster at least 33 people have been killed and dozens more are trapped in an avalanche in the country's east on the avalanche struck near the town of our society right near the eastern border with iran what hundreds of rescue workers were already at the site assisting with an earlier avalanche on choose day that killed 5 people. the search full survive as poses many dangers as rescuers take frantically to pull people from the snow. some alive they barely have the strength to recounts their own deal. it was over

but it is low cost airline easyjet says it's witnessed a significant softening of demand as a result of the bars the drop is primarily on flights in and out of its northern italian bases so far this year easyjet shares of folding more than 20 percent. and british airways says it's expecting a drop in profits this year to cancel flights on the back of the coronavirus flights to and from china italy singapore and south korea have been cancelled. the growing spread of the coronavirus is sparking a sell off of so-called pandemic bones there an initiative of the world bank the bones the aim it shifting some of the burden of preparing against the pandemic onto financial markets instead of low income countries most at risk of a pandemic but now as the risk of a coronavirus pandemic grows the potential for a payout on the bonds shrinks and that's the selloff. a report on other sullivan is following this story for us. this is very very timely or odd timing i guess you'd have to say author. these holders basically cutting their losses yeah and that is basically what happened so as the reporter

airline ceo from sri lankan airlines vipula gunatilleka joins us.he airline that is only beginning to recover from the easter attack recently. good to have you with us. give us a sense of how sri lankan airlines has been impacted by challenges from the coronavirus and the scandal involving airbus as well. haslinda.od morning, good to be back in singapore, my hometown a couple of years ago. thanankan is not different any other airlines, the industry is going through many challenges, economic issues, and now the corona. we are coping with that at the moment, like the other carriers, and we have done some consolidations. we will continue like this for a week or two to get a real assessment of the situation. haslinda: you are already struggling to return to profitability. in a sense of numbers, can you shed some light? easter was quite a setback for us, but i was very proud of what we did over easter. recovering, our numbers are generally only $10 million minas, significant compared to last year when i think we were $55 million minus. we came under pres

airline stocks are climbing as china is said to be considering measures to bail out its airline industry crippled by the coronavirus outbreak. have a look at airline stocks right now, china southern and china eastern are the best-performing. pacific finally seeing a bit of green on the screen there. this news.n the details, asia business angus joins us now. what other details of what china is proposing? authorities are considering either direct cash infusions or mergers. this allows them to absorb more carriers or directly failing airlines in some cases. i think this goes to show the pressure that the industry is under. we have seen global airlines cut 80% of china flights. if you look at china itself, the interior, some of those have carriers- those big have chopped almost half their flights. if china is feeling the pressure, it is in one of the world's largest aviation markets. it is a significant development. >> you have to question whether it will work and whether further help would be needed down the road. >> i guess that really depends on how long this crisis extends. china will do

coming up we are speaking with the american airlines passenger who wants to sue the airline of middaryht, that's next hour, plus a recall alert lowes taking ceiling fans off of store shelves because blades can come off. the morning buzz ahead. t. rowe price experts go beyond the numbers to examine investment opportunities firsthand, like innovations in agricultural research. because your investments deserve the full story. t. rowe price invest with confidence. (howling wind) (howling wind) apps except work.rywhere... why is that? is it because people love filling out forms? maybe they like checking with their supervisor to see how much vacation time they have. or sending corporate their expense reports. i'll let you in on a little secret. they don't. by empowering employees to manage their own tasks, paycom frees you to focus on the business of business. to learn more, visit paycom.com dagen: welcome back, focus on markets, the stock market in the united states are closed but we do have futures trading, 41-point gain across the board, markets have not taken a dive amid coronavirus news

. >> that's what we talkedabout in "fast money" with the airlines and everything else all right. so obviously if you are wondering how to navigate this market meltdown using options, mike khouw is going to give you a little portfolio protection as he saunters to the plasma, mike. >> most of us are in the long-term are investors and when we trade options we do it against a long equity portfolio. what do we talk about? one of the things we mentioned is that although we had a invite pullback the market isn't particularly cheap but lets watch the long-term prize which is we're long-term equity investors. as we also pointed out, if you are going out and start selectively stock picking right now be wire ware that names like energy names is like oil if is falling might on a valuation base be more expensive now than a week orr two ago but some names are cheaper, microsoft names like that spring to mind the other things is options premiums are elevated with you we can see in the market environment like this they might be justified now, here is the thing if you want to hang onto the stocks

and a low co2 emissions airline.s authority ruled ryanair‘s claims in press, tv and radio adverts could not be backed up. we'll have more on this shortly. disney is certainly feeling the force today with some marvel—ous results. the firm's star wars and superhero brands helped the house of mouse to increase revenue for the quarter by 36% to $21 billion. and it wasn't just the traditional business that's been doing well, subscriber numbers for disney plus also reflected well on the entertainment giant's move into streaming. elon musk, the billionaire chief executive of tesla, has gone on twitter to ask users if his electric car—maker should build a new gigafactory in texas. the tweet has so far garnered over 102,000 responses with the majority in favour of the new gigafactory. the car—maker currently has two gigafactories in the us and one in china. to asia now, where fears of the economic impact of the coronavirus outbreak are causing banks to cut their estimates for china's gdp growth. let's go to singapore, where s

the airline currently suspended operations in china through the end of march. finance director warned that if the cancellations last longer, the impact on the company bottom line will be bigger. air f france klm is not the only one struggling. almost all international carriers have either suspended or drastically reduced service to china. hong konong fly carrier, cathay pacific, forced the airliline to cancel two out of every five flights for february and march. qantas is makingng further fligt cut at 15% on all asia routes. management says this could cost the company over 90 million euros. the airline instituting a hiring freeze and asking employees to use up leaves. the coronavirus outbreak could mean up to 4.4 billllion euro drops for airlines worldwiwide. is theotherer company shipping giant, mueller maersk. they a are warning that this year's earningngs could be well beloww expectations. they are expecting things to pick up later this year once china's factories are back up and running. many industries are suffering as a result of people staying atat home

as the economic fallout from the outbreak continues global airlines are being hit hard major military deals and commitments towards a trade agreement says u.s. president dog trump wraps up his visit to india. and turkey's president wretch of tayyip erdogan confirms the deaths of 2 soldiers deployed to libya and global support continues to be impacted by the corona virus outbreak with rugby 6 places and now under threat and remembering a basketball legend kobe bryant's widow vanessa leads the tributes at the memorial service and off hand. but the rise in corona virus threats in china and a sharp increase in infections a stalking fears that the global spreads of the outbreak is entering a new phase iraq has now banned travelers from 7 countries after reporting its 1st case on monday among the banned countries is iran its confirms 15 deaths but has denied reports that the talk could be much higher bahrain afghanistan kuwait and some aren't. all reports its infections now in europe italian authorities have sealed off the worst affected towns in the north of the country 7 people have died

is going out of business there is airline stress. >> i want to bring up one stock. bring up the ticker for tell tp it's a big company lng producer. they are going to be nef a huge project underway but not exporting yet. stock fell 51% today to desks saying basically the market suggestion the long-term china contracts may not happen point is steve grasso, the market sold off that stock ostensibly onning in because they believed the project may not happen is that a rational market behavior. >> it's not rational to tim's point when you see boeing sell off more on corona than the max jet it's because they can't acquaint pie are fie. process max jet can you quantify. >> we have 37 planes and it's blah-blah. >> there is some way to quantify or you could wrong. >> united don't know they told us a couple daying ago. >> but when you look at corona, we have no clue how many thousands processor millions of people are going to get it or not. >> or not. >> or not get it what people do is rush for the exit. >> that's what i'm asking. is the market -- >> this is not rational. >> e

you have the stock $600.00 ths travel and leisure section which mostly includes airlines that is down a whopping 20 percent this week airlines have obviously been hit really hard by having to cancel flights to china since since last month but they are also now facing a similar travel shutdowns travel bans and other disruptions for the european market as well we've seen a lot of companies in the airline industry come out and say that they're going to be putting people on leave that they're going to be stopping hiring lufthansa here in germany air france has also made some more announcements and one analysts estimate at that this could cut 100000000000 euros from the airline industry's revenues this year chelsea can i just ask you really quickly are we going to see emergency action from central banks. emergency action from central banks is really in the spotlight today a lot of investors think that the central banks the fed need to come out and really reassure markets and investors and consumers right now but so far what we've heard from central bankers including christine lagarde here

the airline has not issued any further comment. >> that is a big talk. 4:57 now. up next, dnow, a plane with more people who contracted the coronavirus landing overnight. we'll talk about what was going on on board the plane and what is next for the passengers. >>> we've got some fog drifting around the bay area, especially in the tri-valley, parts of the east bay into the north bay. we'll take a closer look at this coming up next. >>> in fremont, our camera is near the fremont hub looking across toward the goodwill, this major intersection has a pole down. we'll talk about how it affects traffic and your transit. >>> plus growing concerns. the crime fighting partnership between a tech giant and bay area police departments that have critics asking questions and the action request requested to make sure your privacy is protected. >> life in the bay area will look and feel very different than it does today. all the places experts say will soon be flooded. >> are there enough local officials paying attention to this? >> today, no. >>> right now at 5:00, a path of jou

over the weekend, they also had more airlines. blocking countries are .assengers also the department of homeland security is directing groups from china to one of seven international airports. of course, equity markets return for the first time since the lunar new year break. what are we expecting to see? selina: every market has had a chance to react to the coronavirus except for china and they want to make sure they call nerves and try to contain any signs of a selloff. they had ruled out a slew of targeted measures, so the central bank is providing $21 million of liquidity for the market. on saturday they also said they would increase lending to the whole economy. and then they would relent, and this is after last week, china's biggest bank at the center of the outbreak. but really these measures have been targeted to address the immediate market and economic concerns. they are expecting this to have a more protracted impact. people are not going out and spending. and that may be impacted by the extension of the lunar new year

. >> united airlines is postponin its analyst/investor day which was scheduled for next week here in chicago united saying the uncertainty due to the coronavirus, the impact that it's having on bookings near term and enti intermediate has the company saying we really can't give guidance we've already pulled guidance for 2020 why are we holding an analysts day. they're postponing, likely going to happen in the summer, early fall that's another indication that for the airlines they just don't have a whole lot of clarity right now in terms of the overall impact of the coronavirus. >> but to be clear, they're not not holding it because they're afraid of people getting infected it sounds like they're just saying -- >> no, it's about their business. >> we don't have anything to say anyway. >> correct they pulled their guidance this week what are they going to tell analysts don't have a whole lot of answers in terms of bookings it's a smarter move just to postpone it. >> phil, thank you very much. >>> speaking of airlines, coming up, we're going to talk travel stocks some of them in the gre

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the airlines but there's some you can't even recline the seat.like a lawn chair. >> i know, it's bad. >> an expensive lawn chair. >> we just showed everyone the video, but can we quickly end here with her side? she tweeted, i am in pain, i've lost time at work, had to visit a doctor, had to have x-rays. that's what she felt. >> moving on, go ahead. >> thank you. >>> when we come back, why chaka khan's national anthem last night will likely be remembered forever. >>> and j. lo in a bikini. stay right there for "the skinny." they don't help single moms. hi. hi. what happened to our house last year? it flooded. and the water flooded out. yeah. the red cross arranged the hotel for us. they gave me that break, that leverage, to be able to get it together and... take care of them, you know? i feel like we've come full circle. like that! this is how i'll do it. sarah: there you go. ♪ i'm every woman it's all in ♪ i'm every woman it's all in me ♪ ♪ i'm every woman it's all in me ♪ ♪ oh oh oh >>> time for "the skinny" and we're starting with chaka khan. c

drastic action beyond the voluntary measures that airlines have taken? it is an evolving situation, but at the moment, no. talk a bit about what we are seeing on those numbers. >> i will start it off and turn it over to the acting deputy secretary. in terms of passengers traveling between the u.s. and china, over the course of the last couple of weeks, passengers loading in the u.s. to fly to china have dropped to almost none. passengers continuing to have a high load factor. coming from china to the u.s.. represent justrs under 40% of the passenger capability. with that, we have already seen in the course of the last week to 10 days, and the department of homeland security did an excellent job tracking those numbers day to day. >> to speak to the numbers, lockedhe chinese have down wuhan and the province eight days ago if memory serves, travel from china to the united states as of yesterday had dropped by close to 20%. travel from the u.s. to china dropped by well more than 50%. and this is with the market response joel referenced by the airlines, and v

and yeah, did we show -- we showed the airlines, right? european counterparts, everybody is having a very tough time. so as we take a breath for the moment, let's bring in one of the most widely respected market gurus on planet earth. can i say that about you? byron, i'm so glad we have you in the final hour of trade. thanks for joining us. >> glad to be here, as always, liz. liz: so tell me, i know this morning, you were calm and copacetic. has anything changed over the six hours the market has been open since you first spoke about it? >> no. i'm pretty much sticking with my view at that time. i'm still optimistic that the coronavirus will be brought under control by the end of june, that there will be a drug that will treat the symptoms of the virus and it won't cure it but it will certainly tend to the virulence of the disease and this crisis or pandemic concern that seems to be enveloping the market now will be alleviated. liz: okay. but is there a safe haven? everybody is talking about gold. if we can look at some of the treasuries, t

airlines suspending all nights to china as fears rise of a global dpandemic. >>> breaking now, the critical vote in the impeachment trial. republicans holding the line, rejecting calling witnesses, all but guarantees the president's acquit tall. >>> the security breach at the president's mar-a-lago resort. the police class, an suv blowing through two check points the woman behind the wheel, authorities opening fire. >> the cops started swarming and the red tape went up and helicopter came out, just crazy. >> how it came to a dramatic end. >>> new questions about the helicopter that crashed and killed kobe bryant the lakers playing their first game tonight since the nba legend's death the touching tribute in the stands >>> lorie laughl loughlin fighting back. the actress accusing prosecutors of hiding evidence she says could prove her innocent of the college admission scandal. >>> 48 hours from kick off inside the undercover mission to keep the super bowl safe >> announcer: this is "nbc nightly news" with lester holt >>> good evening on this very busy friday night. we begin with the breaking

of service longer than planned, united airlines and american airlines announced today they are removing the aircraft from their schedules for at least 6 months e move comes one day after southwest made the same flights could ean slightly higher fares, 7.37, max jets were originally expected to return to service in early june. they have been grounded, u recall ever sense 2 plane crashes that killed 6 people last march, there's a new way that political candidates can now advertise on facebook today's policy change involvebranded content. >>facebook does not make any money directly from ch posts so idoes not consider them to be advertising as a result branded contnt was now governed facebo's advertising policies. now brancan run political ads. if they disclose who paid for the the change comes after democratic presential candidate, mike bloomberg exploited a loophole to promote his campaign accounts personalities. nasa s selected for new misson our solar system one the y targets as venus. >>2 prosals from the space agency aim to analyzvenus's atmosphere for clues as to how formed and evolv

flights to and within china are being canceled and civil aviation authority has urged all chinese airlines to keep flying international routes. is one of the aviation industry's most familiar faces so it came as a shock when the air asia chief executive announced it was stepping aside amidst a bribery investigation authorities are looking into claims that plane maker air bus paid a 3rd company connected to finesse $50000000.00 to secure orders. with its slogan now everyone can fly air asia has one of the best known brands in asian aviation but now the carrier is at the center of a corruption probe individuals associated with their boss were reportedly pages security as their asia on its long haul unit area asia x. . c.e.o. tony fernandez and executive chairman. will step aside for at least 2 months as the investigation continues they deny on the wrongdoing. the fallout from a bribery scandal at airbus is reverberating across the aviation industry airbus agreed to set aside up to 3600000000 euros to settle a corruption probe by authorities in france britain and the us air asia is airbus's l

management and even though all the federal reserve cut rates 3 times last year morgan stanley's airlines have been pretty solid and pushed shares up 33 percent over the last 12 months. so why are we seeing the likes of morgan stanley keen to move into the brokerage sector. need to from a big investment banks like morgan stanley or goldman sachs to look into a real growth over the last couple of years seeing goldman say case we have seen a push into retail banking and lending through new businesses like mark or aapl card for example in morgan's case their latest operation need to clear opportunity to grow its well for management business with mom and pop investors. who are among the retail brokerage platforms instigated by robin who do each as you stated no commission rule has forced a major players to either join forces such as the case of charles schwab and t.d. ameritrade later last year or do you press. price converting that company like i can do for long time suitors like morgan stanley has a thanks for joining us that's jose luis de haro in new york for us. now the corona virus is a

they have done better andrew as one airline. question, has -- this is a give away or an investment >> marketing, third option >> repeat that >> you're talking about the profit sharing. >> profit sharing, yeah. >> the profit sharing is an investment in our people we put it in place about 15 years ago when the company was not doing well we went through a very difficult reorganization and at that time we told our people when they got it turned around they would get the efforts of their hard work and that's close to between 15 to 18% of the profits to the company and the larger or more successful our people are the better the returns are for our customers and our owners and our people it's full alignment. and unions were an adversary of management he's aligned employees with the interest of the company. how could that not take off like a rocket if he does well they do well too. this is a new model for everybody. this could be an upgrade on capitalism itself. >> particularly in the profit sharing with employees, if you get into a sit

airline companies have done.bring this up is stocks, theythese are correcting about 1.5%. it is because two brokerages, morgan stanley as well as hsbc, came out with notes on another airline, saying that both these companies are likely to post a loss in the fourth quarter, which is the current quarter for us, despite crude oil prices slipping. that is because the cost structures stayed elevated for these companies and traffic has slowed down, albeit not as much as some of the other geographies, but indian traffic has slowed down. therefore, they are in focus today, these two airlines. manus: thank you very much. on marie, you are looking at china's -- and, you're looking at china, as the coronavirus affect the demand side of the equation. annmarie: yesterday we had the benchmark index dropped 5%, one of the worst follows we have seen in the minors across industry. let's look at china in terms of demand. steel inventories have risen to a record. reinforcement bars easing construction, a lot of these projects are e

the airlines have canceled trips, visitors have come to a halt.eful of these sudden stop dynamics. it is not easy to restart an economy. jack: 's that's a slightly scary picture you paint is there anywhere in the global economy where assets are to heidi see some opportunity right? >> first let me tell you economically there is one bright spot and that is the u.s. the employment report this week again confirms that we are in a good place. not only did we create 225,000 jobs, not only are wages going up faster, but we are attracting back into the labor force both labor force participation and employment. that is good news. so the u.s. economy is doing well. u.s. assets, to the rest of the world are still more attractive. but i have made a relative statements, the absolute level of asset crisis or risk asset prices whether restocks or corporate bonds, remains elevated. jack: mohamed a. el-erian thank you so much for your insights we hope to speak with you soon. jack: coming up our ideas on what you can do right now to improve your portfolio. the firs

hits are chinese firms as you might expect but if we do just broaden out the picture and look at airlines globally we see that figure rises to $29300000000.00 almost $30000000000.00 and that's not all i also says it's figures only apply if the center of the outbreak stays in china i also said on thursday speaking about the virus if it does spread more widely to asia specific markets then impacts on airlines from other regions would be largest still so for the likes of quantas suspending flights to china as have air france k l m which ones losses from the virus up until a full could be as high as 200000000 euros and the impact isn't just being felt by those who get in and out of china by air those who rely on land crossings into the country are also facing disruption. hundreds of trucks wait patiently to enter china in the northern vietnamese province of lungs rome before it easier to just reopen one of the main border crossings. the green light for hundreds of tons of goods that was stuck here for weeks. the outbreak has affected us badly since the lunar new year most drivers have stayed

of the airlines you are flying with, you can always upgrade".uch more to come. hello there. the very heavy rain that storm dennis brought us, over a month's worth across the hills of south wales, well, that's left some very nasty flooding conditions. we still have four severe flood warnings in force along stretches of the river teme between ludlow, in shropshire, and eardiston, in worcestershire. it was only thanks to these temporary flood defences, put up by the environment agency, that these properties in bewdley stayed away from the floodwaters. the river severn just about being held back. the about being held back. temporary flood defences doing the temporary flood defences doing thejob. we the temporary flood defences doing the job. we still have over 300 flood warnings in force across the uk. for some communities are fighting could get worse before it gets better, even as the rain stops coming down. i am talking of rain, we have more to come in scotla nd rain, we have more to come in scotland over the next few hours as the core of storm de

as well are feeling the effects many have cancelled flights to china only ethiopian airlines are still servicing the country and that's just to name a few examples china is the growth engine of africa so the corona virus outbreak will likely cause some economic com. let's go over to joy during beera who's in nairobi for us joy tell us how much africa is hurting economically for this coronavirus. band to put it into perspective there are about 10000 chinese firms in different african countries and that's about a 1000000 chinese nationals who operate in different african countries on the continent and in return we also have about 80000 african students in china and there's a lot of business that crisscrosses these 2 countries still many of these small medium and large scale business owners who have to do their manufacturing in china also being affected and we're also seeing the bigger firms as well that do have chinese nationals who work for them also having their businesses affected by this because most of the airlines have canceled or suspended most of the flights to and from china and

in fact, the last time a pair of slots were sold between airlines, £75 million oi’ between airlines,ion or something like the value. there is an issue. if you don't maintain 80% capacity of a particular air slot, you could potentially lose the slot. the knock—on effect of this kind of challenge continues where airlines are reducing the flights that they are taking to china or anywhere out in the far east, you could potentially see a challenge for the airlines in terms of keeping the slots that also are we going to see empty planes flying? an interesting question. i was just flying? an interesting question. i wasjust going to say are so question. i wasjust going to say are so many knock—on effect. and at this point, we still don't know if the virus has reached its peak, et cetera. we a re has reached its peak, et cetera. we are waiting from the latest news on numbers et cetera all the time. so much more to discuss but i really wa nt to more to discuss but i really want to get onto this next story because we know you a really have the inside track on this one, having worked with borisj

american airlines made a statement.re aware of a customer dispute on american airlines flight 4392 on january 31st. the safety and comfort of our team members is our top priority and the team is looking into the issue." brian? >> hey, shannon. how fitting that on the most romantic day of the year, happy valentine's day, by the way. >> shannon: you too. >> we are dealing with a lover's quarrel on an airline. >> shannon: i don't think there is love. there's not much love. >> i wonder if these two are secretly husband and wife. [laughter] >> shannon: hopefully she is not suing her husband. >> there you go. but let me stick to the legal arguments. there are two possible legal claims. one is for disorderly conduct. that is kind of a catchall, where if you are engaging in unruly behavior, as offensive to another, that's a crime. the other one is what is called battery, where you make against a person, and by the way, with battery, you don't have to touch the person. if there is an extension of the person, like the back of a s

to hem inhe plan t emissions from airlines. >> any particular airlines impacted?the baseline was set last year and this year and because of the coronavirus were seeing a lot of cancellations and reductions in china, so the baseline will be lower in the carbon offsets will be higher. eventually, airlines will have to start paying for their own emissions above the baseline and they will impact any airline that has exposure to international china -- international travel in china. global airlines will pay the brunt of this eventually. what about specifically in china? chinese airlines contributed about 13% of overall air they are part of the grounding effort. dan: that's one of the big things. tonese airlines are going see majorly reduced emissions this year, and this program from the yuan is for international -- the un is for international travel. might eventually include things like airlines for carbon reduction. these airlines will eventually have to be included in the counting scheme somewhere. joining us from singapore, our asian energy reporter. we will have ple

the airlines say this is really out of an abundance of caution following state department guidance. >> part of the growing impact breaking news, the critical vote just a short time ago in the impeachment trial of president trump. senate republicans blog witnesses by a 51-49 vote. all but assuring the president's acquittal. >> reporter: tonight senate republicans rejecting the democrats' demand for new witnesses, the vote 51-49. >> the motion is not agreed to. >> reporter: propelling the president toward acquittal >> no witnesses, no documents in an impeachment trial is a grand tragedy, one of the worst tragedies that the senate has ever overcome. >> reporter: democrats' hopes t they would oppose witnesses. alaska's list lisa murkowski condemning the house democrats' case as rushed and flawed. and tennessee's lamar alexander -- >> i agree he did something inappropriate. but i don't agree he did anything akin to treason, bribery, high crimes and misdemeanor. >> reporter: alexander insisting the president's fate should be decided in november. >> i think senator alexander probably spoke f

war to win over customers because once an airline settles for one or the other provider let's say it's basically. it's very likely that they will continue to buy from that same provider because switching for example from airbus to boeing requires retraining pilots reprinting manuals rearranging facilities retraining technicians it's costs that airlines want to avoid so in this case even though we're seeing a short term consequence by the fines that we're seeing it seems like in the long term it will still benefit airbus to have that client set forth. might actually still pay off to pay bribes how widespread is corruption in the aviation industry what do you think i would say that it is quite a dirty industry we have seen different cases of bribes and corruption arrangements with governments with aviation authorities because airlines 1st of all are highly political many of them started as national carriers they are very important to the geopolitical strategy as of countries the industry is also very profitable an airplane a small $1.00 costs about $110000000.00 so just imagine what amou