staff and pilots its of cities will also be affected german wings has been permanently grounded austrian airlines euro wings and brussels airlines will also take a hit. lufthansa needs help to get off the ground again but even when air travel properly restarts germany's long time leader will never be as it was. and we mentioned huawei earlier the chinese equipment maker has open the doors to its flagship store in shanghai while way needs a shot in the arm especially is about growing pressure from the u.s. government and it got it i the grand opening of the wall ways biggest ever flagship store in shanghai staffed clap and cheer at a site that's become unusual these days a big shopping crowd with many more customers waiting outside while we's new 5000 square meters space in its home market is a statement at a time when it's running into trouble overseas many while we fans say that's why they're here. he gave you a that was a star one of p. 40 pro who always phone here in a 2nd i want to support who our way of because the u.s. is suppressing huawei one actually the u.s. is not only suppressing huaw

staff and pilots it's of cities will also be affected german wings has been permanently grounded austrian airlines euro wings and brussels airlines will also take a hit. lufthansa needs help to get off the ground again but even when i have travelled properly restarts germany's long time leader will never be as it was. let's get the latest from our financial correspondent chelsea delay me who has the frankfurt airport chelsea i see some protesters have gathered there to show their opposition to what's happening at look times is it clear that the airline shareholders will buy this bill today. well the vote hasn't taken place yet so nothing is 100 percent certain but. the change in position of largest shareholder on wednesday night did really swing swing the vote here if this measure is expected to pass it has a lot of support from the letendre shareholders but also from employees here and in frankfurt there are hundreds of demonstrators here from the the union u.f.o. who really want to see this this bailout package passed it's it's obviously going to have some downsides for shareholders and there ha

staff and pilots its of cities will also be affected german wings has been permanently grounded austrian airlines euro wings and brussels airlines will also take a hit left turns and needs help to get off the ground again but even when air travel properly restarts germany's long time leader will never be as it was. for that i'm now joined by our financial crossfire chelsea delaney in the frankfurter also the annual meeting has started is it all done and dusted. nothing is set in stone yet the meeting has just started the voting hasn't started yet but it does look pretty good for this vote the change of position from the largest shareholder. i really did make this a much more likely to get approval today he has about a 15 percent stake in the company so he does really have the ability to make or break this vote shareholders are still aren't exactly excited about this they recognize that the 20 percent stake that the german government is going to get about is going to dilute the value of their own shares and there's also a lot of concern about what it would mean to have the german government as the

staff and pilots its of cities will also be affected german wings has been permanently grounded austrian airlines euro wings and brussels airlines will also take a hit left turns a needs help to get off the ground again but even when air travel properly restarts germany's long time leader will never be as it was. our financial correspondent chelsea delaney is covering the story and joins us now from frankfurt chelsea is it clear that all of tones are shareholders will back this government bailout. it's still not 100 percent certain that this vote is going to pass today but it's very likely that it will the biggest stumbling block had been tons of the largest shareholder and. he was as he said very against this deal he had been threatening to veto this package and that would have that would have sent him to insolvency basically so since he has changed his change his mind he says he will back this that could slip tons of pretty far in terms of getting this passed the way this vote is going to be structured today is that it requires a 2 thirds. approval from shareholders present at this vote so only

staff and pilots its of cities will also be affected german wings has been permanently grounded austrian airlines euro wings and brussels airlines will also take a hit look turns a needs help to get off the ground again but even when air travel properly restarts germany's long time leader will never be as it was. for more on the bailout deal and the situation of turns i'm joined by aviation expert andrea spear address what i'm going over this bailout package for the turns has gone on for weeks what makes this deal so complicated. they see several really difficult issues in it and i think the most important underlying one is that internal dramedy both most tons and the shareholders critical of any government state influence in leading a company and this also costs what made very clear look undersea or for a long time we're also very reluctant to even let the state take any kind of hold but the german government apparently agreed in this and they promised not to take any active role that in turn has been criticised a lot in turn politics for us i'm in the green party they really said this morning t

austria's making bailouts conditional on companies agreeing to eco friendly changes for austrian airlines that means reducing the number of short haul flights increasing fuel efficiency and reducing c o 2 emissions. the pandemic is also hitting the automobile industry. consulting firm mckinsey estimates that $7500000.00 fewer vehicles will be produced worldwide this year than last. that's a drop of about 10 percent. in india air quality improved during lockdown in part because of a drastic cuts in industrial production the government introduced a 250000000000 euro relief package some of that will help businesses but with no eco friendly strings attached but it offers no relief to the beleaguered automobile industry which represents more than 7 percent of g.d.p. . that will please environmentalist's who want to see the development of a green public transport system. in the city of forney invesco niña explaining the need for other cities to clean the commons and cottage watching and reduce mortared ice traffic but he says. possible to sustain in the long and engine which is helping bring th

carrier says half of the surplus staff are based in germany but some jobs will be cut at its austrian airlinesdiary. lufthansa has won government backing incidents it would have gone bust -- and says it would have gone bust without bailouts. they seem to be warming of the idea of four more years of president trump in the white house. we will have more on that rate, next. this is bloomberg. ♪ shery: asia stocks at a two-week low, falling for the past three sessions. let's see how we are setting up. let's turn to sophie kamaruddin in hong kong. sophie. reversale could see a here in asia as well after the three-day drop and a pickup in vol also likely here. check out nikkei futures in singapore this morning, opening higher, extending gains by 3%, adding to the near 2.6 percent advance we saw overnight. kospi futures settled lower. we could see more volatility. south korea's finance ministry morning of the top e*trade potential given the increase we are seeing in retail investor participation. we have sydney futures pointing higher and s&p e-minis gaining ground early in the asia session. we have

airline to warn of job losses. and 250000 pilots flight attendants could be eliminated. half of the staff is raised in germany but some jobs will be cut at its austriant's as it would have gone bust without state help. the supreme court ruling has established it is illegal to fire someone because they are gay or enter. let us go to su keenan with the latest. this was a split decision but now millions of lgbt workers will have protections. >> this is pretty groundbreaking. it is signed into federal law. civil rights protect gay and transgender workers. it was 6-3. in the decision, the supreme thet tackled the irony in issue. it made gay marriage legal across the country in 2015 but in many states gay and transgender workers could still be fired. president trump had little reaction but let us listen -- >> it ruled. i read the decision and some people were surprised but they have ruled and we live with the decision. that is what it is all about. we live with the decision of the supreme court. it very powerful decision, actually. but they have so ruled. su: it is important to point out that trump's controversial appointee to the court, neil gorsuch, join