the dow is down slightly, let's look at the shares of boeing and boeing and northrop grumman.pparently the midpoint is missing eight had there. investors are not liking that and there were extra costs associated. northrop grumman, down five .3%. the worst day since 2011 on paper. similar to boeing, the it may be the free cash flow view that is weighing on the shares. we also see weakness for cars. general motors down 6.8 percent. 6.7% after they beat but lowered the full-year view on a higher input costs. a bit of an input there. fiat chrysler down 11. they also lowered weakness in china. tonight, investors are not looking forward to that. and something interesting happened. nasdaq reversed or lowered. into the bloomberg, we can see what is happening here between the small caps and nasdaq. something interesting happened with the nasdaq reversal. russell 2000, that really .nderperformed yesterday, a lot of weakness. the worst day going all the way back to last year. caroline: 90 minutes until the close of trading. can the president, the eighth -- can the president and the eu de

manufacturers like airbus and boeing take orders in the tens of billions and looking to the future boeing estimates commercial airlines will need over six trillion dollars worth of new aircraft over the next twenty years. projections like that make airline companies fairly optimistic. i don't think demand is going to pull out there will always be demand for at travel because this is that must say first then easiest way to travel from country to country and. that i was forecast and the industry monitor i utter forecast that there will be broad of traffic especially in the region where we are situated. and not just in the middle east a boeing study predicts that in ten years china will replace the u.s. as the world's biggest domestic travel market boeing already exports a foreigner of its production to china but the escalating trade dispute between the u.s. and china could easily cloud the u.s. plane makers china business. but there was no trace of global trade disputes at the farnborough airshow outside london the fact that aircraft components are made in many countries could mean trouble

and not just in the middle east a boeing study predicts that in ten years china will replace the u.s. as the world's biggest domestic travel market. boeing already exports a quarter of its production to china but the escalating trade dispute between the u.s. and china could easily cloud the u.s. playmakers china business. but there was no trace of global trade disputes at the farnborough airshow outside london the fact that aircraft components are made in many countries could mean trouble for british industry post brags that. but if she was worried british prime minister to reason may didn't let on. i want to ensure that the u.k. remains one of the best places in the world for aerospace companies to do business to continue as world leaders in innovation to make the most of the huge opportunities that exist because this is an incredibly exciting time for every space not only is the huge growth potential but many of the developments taking place have the potential to transform the way we fly. the u.k. will likely have to take over more control of its defenses post brags that the governm

trade the french port city of must say become an important harbor thanks to china's new silk road and boeing expects sky high demand for planes in the next decades china is said to be the world's biggest market. i'm daniel winter and this is a business update it's a massive deal covering nearly a third of the world's economy the european union and japan signed a new trade pact to link the economies of six hundred million people across both markets in the so-called cause for cheese deal is the moment it happened. a grand fanfare for an historic agreement. as the e.u. and japan signed the world's largest ever trade deal in tokyo. to the signature of the u. japan's economic partnership agreement is a landmark moment for go with the if we used together you call them is that the cone for the third of the world's g.d.p. and whom to oversee the summit with. the talks got off to a difficult start and took a full four years but as u.s. president donald trump ratcheted up the protectionist rhetoric over the last one and a half years the negotiators set about sealing the deal in double quick time. mone

even general electric has been hurt by the belief that china will cancel orders with boeing but boeing china. with know boeing and caterpillar a the two stocks that get hit every time trade sensing flare up with the chinese. i'm betting people will realize china has to order aircraft from someone. there is only two someone's in the space, boeing and airbus if they want to switch from boeing to airbus, it could add years to their wait time this is very much a beggers can't be choosers situation. you know what? the real worry here isn't china. it's all that weakness in the american airlines, and the amount of overcapacity here in the u.s. the fares aren't holding up. the revenue isn't going higher the dogfights among carriers are back the only way to cure-all this is to have fewer planes being bought to take out capacity. that's something worth keeping an eye on. against that, even with the price of oil pulling back to the high 60s, crude is still a lot more expensive than a year ago, which means if the airlines want to keep their costs down and the costs are killing them, then they need

boeing wants to find alternative solutions to these trade disputes.ets under way on monday, the biggest event of the year for the global aerospace industry. this normally quite airfield will be swamped with visitors anxious to get multibillion—dollar deals signed and sealed at the uk manufacturers, the event is taking place against a background of deep political uncertainty. it's the biggest international airshow of the year and it's where you will find some of the world's largest aircraft. this week around 100,000 visitors from different countries will flock to farnborough airfield in southern england. the british government will use the show to explain its strategy for the aerospace industry after britain leads the european union, including its plans for a new fighter aircraft programme. the spectre of brexit is still hanging in the air but manufacturers have broadly welcomed recent proposals to limit disruption to cross—channel trade. it does provide the basis of a sensible negotiation with our european union partners. clearly it's not the end stag

middle east a boeing study said that ten years china will replace the u.s. as the world's biggest domestic tourist market boeing already exports a quarter of its production to china could be escalating trade disputes between the u.s. and china could easily cloud the u.s. playmakers business. even if it won't make any comment on the. back down on wraps up our business for today don't forget to check us out on social media. same time same place tomorrow. as for. the monstrous. twenty. so we could improvements all the time we have more public transportation and i was in the big city is. some of it is the car sharing the point is that energy has to come from a clean source renewable we need to produce wonderful batteries full color so that all cars we want in the electricity with batteries with high capacity of electricity it will take on this one hundred kilometer of this it's a very tough ingenue problem it's chemistry physics it's materials science. who would do it if you take time to truly. hi welcome to kino favorites today we've got our personal picks for

boeing went -- would own 80% of the market.in an independent company that makes military and private planes. praxair is taking another step in wrigley to approval to crit the world's largest industrial gas supplier tiered the american company has agreed to sell european assets to a japan company for $5.9 billion praxair is looking at antitrust concerns over the proposed takeover of a german company. and glencore will buy up to $1 which may its shares, reassure investors who heard the u.s. justice department is investigating the world's largest commodity trader. possible money-laundering and corruption. that is your bloomberg business flash. david: thank you. trade tensions this weekend comedies a focus on domestic business have benefited. this chart shows the russell 2000 outperforming international companies on the s&p 500, a sign investors are looking to domestic stocks as a haven from trade uncertainty. julian emanuel from btig is with us. small caps versus large caps, thus far, small caps, you are protected. is that going t

boeing reaches new highs.e show you the company's design for a plane that can fly passengers across the globe in a fraction of the time it takes traditional commercial jets. netflix earnings, the company hit a new milestone with more than 100 enemy nominations leading hbo. can they live up to rising expectations? to our top story, major development in the u.s. investigation. robert mueller has indicted 12 russian intelligence officers for hacking the 2016 presidential election. rosenstein announced the indictment. they say russia used a pathway to influence u.s. elections. for more on this, steve, who covered this for bloomberg news. how big of a break is this for robert mueller? they can actually named these 12 russian spies. >> i think it is very significant because it is the clearest evidence we have seen so far in this year's long look at russian interference now that this effort went to high levels inside of the russian government. the intelligence community has been saying now for a while that vladimir p

signed between boeing and embraer, and they‘ re hoping signed between boeing and embraer, and they'reis waiting to see whether the brazilian government will approve this new venture between the american company and the brazilian company. the brazilian government has reportedly been resista nt to government has reportedly been resistant to an outright takeover by embraer of the american company in the past, and that's because boeing would have too much influence in the brazilian market as an american company, and embraer is a big player in the brazilian economy. and it's a supplier to the brazilian military, so there was concern amongst the brazilian government that an american company wielding that kind of influence could be a national security issue for the brazilian government. it's now on the brazilian government to see whether they approve this going forward. thank you for updating us from new york. you might remember a few weeks the us finally started charging a 25% tariff on steel coming into the country. now the impact is being felt. tictoc by bloomberg. "the eu is poised to ca

>> yeah, look, boeing, a lot of the input costs of boeing will face contractually agreed to with the customers so they can pass that along to customers. the concern is there is something related to you know global travel trends and we haven't seen that yet. that's the rick that you worry about. it wasn't a big feature of boeing's quarter that was much more about the underlying performance of the business and short term versus long term. >> why is the stock off? they argue the guidance was higher than what people were expecting and yet it's the same guidance they've had for a long time, this market is really looking for, you got to be better than you said you were going to be? >> yeah, i think they are to be completely honest. i think there is a lot of focus when you say what did i learn this quarter, what did that teach me in this quarter i think you have to say what is in these underlying results for the business what does it teach you about the future i realize people are focused on the charge boeing took in the tanker program which will not allow them to raise the full year guidan

that is boeing. >>> look at this.ildfires in greece. 80 people dude, that is at least 80 people are dead, dozens missing. the greek fire brigade says 1500 homes have been destroyed right around athens. that is a sight. >>> first ritz crackers and goldfish and queso dip. queso dip is being pulled off the shelves, recalled over fears it could be contaminated with botulism. we have more coming up. >>> former trump lawyer michael cohen releasing a recording of a conversation with president trump about a "playboy" model. whatever happened to attorney/client prief edge? judge napolitano is next. stuart: better profit, better sales at coca-cola. the stock reflects it, up 1.3%. better demand for the new version of diet coke. >>> better profits at ups, no surprise there. online shopping boosting package volumes up it goes only by 80 cents. maybe it was expected. >>> let's switch gear, audio of a conversation between president trump and his former lawyer michael cohen was leaked to the media. here is what the president tweeted

the war crossed the jets that are made -- on the war crossed jets made on airbus and boeing. they are so new, there are some teething issues, customers are still buying these planes, they are still very popular because of the fuel saving potential, but it is an issue they have had for about a year. they say they can get out of this but it is still working its way through the system. this 34t's move on to page presentation over the weekend. what was the essence of the 34 pages? benedict: it sound like the gloves are off. yearught that stake last and the investment has not really paid off for him so far. the stock is languished and down since last year and he is saying, you need to do more. a couple of things he offered, intle owns a sizable stake l'oreal, and he would like for money to pourthat into health care, healthier foods, to get out of snacks, ultimately rejig the entire company. nestle has a fairly new ceo with mark schneider, and he is willing to do this but not the speed that loeb would like to see him do it. vonnie: benedict, he is the managing editor for global bus

. >> they've had such a good run in the past and boeing's getting some of it back, too i would wait i think it's too early these are great stocks, but we had the election >> haven't had much of a run in the past three months. down three and a half. >> the market's discounting what the future is. i don't see a lot of promise here there are other opportunities. >> after the one year run, that was impressive but now you're looking so far to date they've underperformed. that's why this is the time to start looking at them. when you look at what they put out there was a 370 price target when you look at the cash flows, now the biggest you read when you read this in myopinion is these guys have 29% of their sales are coming from the f-35 that can be concerning, but i don't necessarily view that as overfly concerning, so am i in it right now but i like this name and the way they're putting off cash similar to a boeing yet traded under boeing >> i think there is some wor as it relates upcoming election but i do think within industrial, this is a place you can look >> u don't like it because o

boeing is down 3% on the charge. a big day for trade as the yield curve visits the white house gm cuts guidance on higher tariffs. europe is mixed. 10 year around 2.94. facebook's moment of truth social media giant set to report tonight after the bell capping off a big day of corporate earnings, including ups, and coke. >> speaking of coke, crow james quincey will be joining us. >> and stock futures, of course, in focus boeing is falling on weaker than expected guidance. gm cutting its full year profit forecast shares also sinking in the premarket. >> and president trump sets tense trade talks. we'll talk with the head of the world trade organization about that and more. >>> it's an important day in the auto sector. two auto giants reporting earnings both cutting their outlooks and sad news out of fiat chrysler. a lot to get to with phil who has been busy working early this morning in chicago good morning, phil. >> good morning. we start with the news from general motors the new guidance for a full year earnings comi

china is the biggest buyer of boeing.f its planes to china when it comes to numbers in asia? >> very good question. there is a huge backlog in commercial airlines airplanes much boeing is rotating and turning into putting out more of their high margin airplane, 737. boeing is diversifying out of commercial aligns. defense orders from the middle east, we don't see that falling off. likewise they're very smart recently acquiring a klx a parts distributor, in a very relatively high-margin industry. as these airplanes age, need new parts, they will be capturing revenue as a result of that as well. liz: okay. it is interesting you also like raytheon which on a day like today, where the president is, may not be totally serious but pushing nato members to spend more on defense than 2% required of their own gdp. it is interestingly enough, down, maybe that's a bargain here. we have only a minute left. i'm interested to know if you think the 200 billion in tariffs that the president just threatened, will not go into effect until a

and boeing, generally not.he problem here is guidance has to be a little better than the street's expects overall if it's not, off little problem. full-year guidance for boeing really hasn't changed that much, since the start early in the year, 1430 to 1450 today the street looked at that and said, okay, that's not bad, but they basically said that before and revenue is better. that's not good enough right now. so look, there's your numbers. you just need a little better. the revenue guidance they gave today. boeing is up 17% this year that's not enough to move the stock forward. >> and we've got qualcomm and facebook after the bell. you are not looking to put new money to work in tech at all are valuations that high >> the cyclicals or more value tech, slower growth tech, those areas of tech are cheaper. there are specific companies within tech that we're still looking at for the most part, it's been a momentum market. if you look at the russell 3000 growth, a broader index, that's been driven by technology. y

we now have valuation on the company with boeing owning 80% of it valued at $4.75 billion.ll in response, not all but largely in response to the agreement between airbus and bombardier, when it comes to production of the c series, which is that smaller commercial airplane that seating between 100 to 140 passengers, the hot part of the market expected to grow rather quickly in the future. boeing with the deal with emb embraer will enter into the market >> is this joint venture considered a separate entity created by embraer and boeing or an actual company or agreement between them i ask you this because i wonder about the golden share by the brazilian government and what role they will have in this, if any. >> still unclear about the golden shares but this is a separate company boeing will own 80%, embraer will own 20% so it's not as though -- this is not a division of boeing, if that's what you're getting at >> yes >> this is not a division of boeing still haven't named a ceo, likely there will be a name for the joint venture. boeing will have an 80% stak and embraer a 20%

by the way, this will be while not a wholly owned subsidiary of boeing, boeing will have operationalrol. this comes as boeing and it's competitor airbus are both expanding their portfolios if you will on the lower end of the commercial aviation. that's long been a specialty for embrear, airbus has been working out of canada. don't forget, we get the farm bureau air show in about a week and a half and we'll be talking be dennis when we're over there. just yesterday, he is concerned that these trade tensions could ultimately hurt the airlines in terms of the number of people that are fined. >> boeing wanted the entire enchilada of embraer they didn't say okay we're going to turn over their defense -- these negotiations went on for a long time, in part because of what you talked about because of the protectionist attitude if you will of the business climate down in brazil and the fact that embraer. >> we also want you to talk about tesla, we had you on just before fourth of july. when the automaker reached its production goal of the model 3 sedans, but then it decided to suspend this br

on the east coast, the earnings parade continues, rolling on dow boeing coca-cola reported earlier boeing commercial sales missed expectations on commercial side down 3 1/2% automakers general motors fiat chrysler cut outlook for 2018 fiat down almost 8%, gm down better than 5%, the wave of earnings a toll on broader markets as well foourts indicating a lower start trading this morning dow industrials set to open down 100 points one-third of a percent 1% s&p, nasdaq flat lower this after the dow s&p deposited gainlz nasdaq flat check out dow, picking up 00 points 2 close three quarters of a percent, in europe, this bhorng, european indices down across the board ft 100 down 1% almost germany down 3/4 of of a percent in asia overnight best hong kong up almost 1% on hang seng issue for investors this morning rising trading tensions president trump holding a high stakes meeting, with the president of the european commission today at the white house, amid standoff over auto tariffs the president slammed eu yesterday in a speech. >> what the european union is doing to us is -- incredible. how b

boeing is down 3% on the charge. trade as the yield curve visits the white house gm cuts guidance on higher tariffs. europe is mixed.

just like in one thousand nine hundred three the malaysian boeing crash was leveraged against the enemy. a new wave of sanctions hit russia mediately after the tragedy. the united states is imposing new sanctions in key sectors of the russian economy almost a year and three months later the dutch safety board published a report that is itself a flight m.h. seventy crashed because often. i have three well for and or i have the today just outside of the airplane and the best the left side of the cockpit the report didn't blame any specific group or person and estimated a very wide area of three hundred twenty kilometers as a zone from which the missiles fired at the same time the russian producer of boog missiles on wasn't a conducted its own independent investigation. that they speeded me up the fullest uprightly in lieu of the delegates i mean if you like yet the nist is up a school during the experiment they blew up a retired airliner with a bouquet missile and came to the conclusion that the malaysian plane was brought down by the older type of missiles not used by russia anymore but

boeing has booked $11.6 billion in orders for 68 planes. >>e're seeing a strong marketplace. predicting a$8.1 trillion market over the next several years. the world will need fewer airplanes in the next 20 years. >> why is business taking off? on the defense side. countries are increasing military budgets. especially as president trump calls on allies to pick up more of thef costs global military alliances. meanwhile, the comrprcial aine business keeps growing as the number of people flying is d increasingue to a strong global economy a relatively low air fairs. >> we're in a super cycle right now, we have to be honestde nd is up 7% again after an 8% growth in demand for air travel. you have to make hey when the sunshines. >> keeping up with that demands will not be easy. as plane manufacturersush each year, ge will have to expand production. that's n p ablem nor a large company like ge or rolls-royce. the challenge will be getting smaller suppliers to spend billions of dollars in order to build more product. the solution, more mergers and acquisitions, with larger aviation f

plane make a boeing kicked off this week's event with a four point seven billion dollars deal to sell d.h.l. express fourteen boeing triple seven freighters joining us now from london is peter morris chief economist at flight ascend good to have you with us so it sounds like boeing is cashing in on the air freight demanding crease is that what's going on well i think inevitably when there's been a whole flurry of all those in the last few years that the number of orders are going to be an ant for freight and elsewhere are going to be limited but they certainly have brought in a number of particularly large traitor orders this show. now i arthur says global air freight demand grew by nine percent two thousand and seven that's more than double the year before that what's behind this increase that was the world you can look at the past or you can look on growing at the present and the future and i think it's important in any kind of dynamic like freight to take a kind of watching brief on history current in the future and i think that the latest after outer data is showing that there was

. >> boeing is the next one up up 6% in the past mother karen, what do you think of boeing, is it a trade stock or not? >> okay. >>. [ indiscernible >> let me ask one more question about the game if i were to say fade it, that's not short it that's just not long it, right >> yes >> i would fade it, i wouldn't be short -- however, i think, you know, it's a fantastic company and they seem to be hitting on all cylinders to me, it comes to valuation and plus i think they do have it here >> you look at how the end customers trade. very cyclically. the stocks trade very cyclic leigh. this stock used to be a cyclical stock. now the p-e multiple has gone one way for four years and it's in the mid to high 20s and that's too expensive for me for what i believe the cyclical conditions of the business exists it's not evident right now >> tim i disagree with everything out of karen's mouth i do disagree with the fact that i don't think the stock is necessarily as exposed to the trade front. you can wipe out the chinese portion of the group and that's 3% of the overall valuation and ridiculous cash flo

boeing god a several billion-dollar order from vietjet.rkexpand its route at home and includes training and technical assistance in vietnam. 2018 profitd its projection in what it calls a significant headman. -- significant headwind. the forecast as to concerns on commodities and the potential impacts of tariffs. tariffs making headlines in japan as well. tokyo's seemingly taking a tougher stance against american threats. in an exclusive interview, the japanese trade minister told us washington can expect a stronger response if it goes ahead with car levees. japan won't take the same approach to handling u.s. tariffs on cars and auto parts that it did on steel and aluminum tariffs. the damage would be huge to not only the japanese economy but also to the u.s. and global economy. about 10% of japanese manufacturing comes from the auto sector. out of 9.7 million cars made by japanese manufacturers, 20% are exported to the u.s. the portion is far bigger for that in europe and south korea. the japanese auto industry has grated 1.5 million jobs

meanwhile, boeing is first out of the gates in its orders for airbus they struck a deal to supply the group with 14 triple 7 greater planes the order is worth almost $5 billion. cnbc, phil la bow is at the air show where all the deals are taking place or hoping to. bill, what can you tell us >> it's going to be a busy day let's bring in dennis muilenb g muilenburg, the ceo of boeing. it's a nice way to begin the show first of many deals we expect today? >> still, it's a strong start to the show it speaks to the strength of the cargo and freight market and unique value that the 777's provide to the customers it's a fantastic start to the show it tells us about the strength of the market right now. >> when you look at that market, i know you've heard this question before. people always worry that we might see a plateau or a limit to the market. are you seeing -- as the air show continues. >> it is an air show. >> are you seeing any slowdown at all in that demand or do you look at this and say it's still steady >> $8.1 trillion market. close to 43,000 new airplanes over the next 20 years

. >> they've had such a good run in the past and boeing's getting some of it back, too i would wait i think it's too early these are great stocks, but we had the election >> haven't had much of a run in the past three months. down three and a half. >> the market's discounting what the future is. i don't see a lot of promise here there are other opportunities. >> after the one year run, that was impressive but now you're looking so far to date they've underperformed. that's why this is the time to start looking at them. when you look at what they put out there was a 370 price target

whether or not it's boeing or airbus certainly remains to be seen in the bigger picture, i don't think it impacts the growth in international global travel. >> you've got more than 300 aircraft already flying. another 350 that you've ordered. >> yes. >> you'll probably make more orders the next couple of days what are you hearing from the airlines in terms of we need them now, we can't wait? >> that's our challenge. the airlines do need them now. we're placed out for 2019 almost for 2020 and well into 2021. our ask for the manufacturers is accelerate forward if you possibly can they're also overquoted. that demand and that timing of demand remains consistent throughout the world. >> one last question you see these stories about smaller seats, more seats packed in planes. smaller lavatories in planes do the airlines hear this from customers, that they don't like the smaller seats and these packed planes? >> the airlines very much do the customer pays the ticket price. low ticket prices sells airline seats and what fuels is demand ticket price is the most important. to get the lowest tic

boeing is really good at making big wide-body jets. skill set significantly further down the scale? area they have never really dabbled in. it is a growing category. we saw airbus take a controlling stake in the process. that has ramped up pressure on going to do something similar. because the patterns of travel and behavior is changing somewhat, people are moving more towards these regional travel patterns. they want to the point to point. people want these nimble are roots, and that is why these kinds of planes fit in. boeing appears to have gotten a fairly good deal here. braer shareholders feeling like maybe it was a bit wanting, but it is a good deal for boeing and gives him some sort of a retaliatory measure against airbus. matt: why are airlines changing models. is it just that they cannot get the prices they want so they will save on fuel and plane cost with these short hop model? kt: is a very difficult model to make work. yet he threw and dubai. we know in the middle east there hubs trying to establish their. you really need

all of that loss is from one stock, boeing. "varney & company" is about to begin. ♪ >> we're confronting the unfair trade deals and we are doing it like nobody has ever done because our workers have been cheated, our companies have been cheated. they have stolen our wealth. they brought it to other countries. as you know i campaigned on that issue. it is very close to my heart. i understand that issue better than anybody. i don't like that. i don't like it.

all the issues you would think would be affected like boeing and united technologies from a trade war benefiting on a belief it will not happen even though the president says tariffs are the greatest. they disagree but they're not disagreeing on buying. they're doing that in droves. more after this. ♪ antage, booking a flight unlocks discounts on select hotels until the day you leave for your trip. add-on advantage. only when you book with expedia.

francine: we are expecting something to be published by the boe. are we expecting them to announce in terms of the forecast? honest, we perfectly don't know. it could be a range, or could be a point forecast, lori could be discussion. by doing this, they are possibly putting themselves out there, because some people might take that it is a promise, and it could move markets. they were clear by saying that it is not a promise. tom: lucy, i cannot figure out what the news flow is. everybody goes away on holiday. what are we staggering towards on brexit? what is the next next that really matters for our audience? lucy: i don't think the summer means a shutdown on brexit come i think it means more political maneuvering, which will have shockwaves onto the brexit negotiations, particularly now that terry's ma has taken charge -- teresa may has taken charge. tom: that will keep a simpler, to say the least. illes, what do you see within the linkage of the economy of the united kingdom, governor carney and the silliness of the back-and-forth? what is the n

mark: sterling climbing earlier, hawkish comments from the boe governor mark carney.is flat. newestworries that may's proposal is unworkable. china warrants -- >> if implemented, the tariffs announced thus far will probably double the average bilateral tariff rate, and it could raise u.s. tariffs, which is at the heart of this issue, to rates not seen in over half a century. there were some early tentative signs that this more hostile and uncertain trading environment may be dampening trading activity. mark: joining us now is elsa lignos. thank you for joining us. carney spoke and seemed a little more hawkish. does that increase the probability of a rate hike in august? elsa: markets have become quite skeptical with mark carney because we have heard him switch around before. i think people are naturally a little bit cautious taking him at his word. economists are expecting a hike in august, but we will have more data before then. mark: does that mean sterling bottomed or there are other factors in play? elsa: this week we had that angela merkel is rejecting theresa ma

boeing responded by agreeing to take over embraer‘s commercial jet programme including this, it's newr aircraft are coming back into fashion and what the big boys are bargaining on is over the next 20 years there will be more demand for highly efficient regional aircraft like this one. defence companies will be busy too and there is a large delegation from the united states. president trump has been telling european countries to spend more on defence. american businesses are more than happy to sell them what they need. and 15 years after concorde made its final flight, supersonic travel is coming back on the agenda. industry giant boeing and ambitious start—up boom supersonic will be making a big noise about their rival ideas for carrying passengers faster than the speed of sound. theo leggett, bbc news, farnborough. we will be live at the airshow tomorrow. the big figure behind me, one point a percent rise on the nikkei is actually friday's close fought japan. they are nikkei is actually friday's close foughtjapan. they are shut nikkei is actually friday's close fought japan. they ar

boeing which calls itself the single largest exporte t china saw its shares fall in trading today. >>ou can add fellow dow component coke to the list of companies seeing rising cost pressure because of steel and aluminum tariffs. >> the company is translating into lihigher prices becausef the carbonated sources. >> they impose the tariffs and it's one of many factors that caused us to go out in the middle of the year with our partners which is pretty unual, but it was the right thing to do for the business and for the long term. we're not a primary, direct ct imn some of these tariffs and it flows through on supply chain and all sorts ofifrent ways and ultimately that will have to pass through. >> in its most recent coke reported better than expected earnings and revenue thanks to rising demand for its new diet coke drinks and that helpedhares gain more than 1.5% today. >> so let's turn to muhamd alaran to discuss what we learned today and also the fsh round o talks on trade out of washington. he is the chief economicer adv at allianz. welcome, nice to see you as always, muhammu,. >>

plane maker boeing kicked off this week's event with a four point seven billion dollars deal to sell d.h.l. express fourteen boeing triple seven freighters joining us now from london is peter morris chief economist at flight ascend good to have you with us so it sounds like boeing is cashing in on the air freight demanding crease is that what's going on well i think inevitably when there's been a whole flurry of all those in the last few years that the number of orders are going to be an ant for freight and elsewhere are going to be limited but they certainly have brought in a number of particularly large traitor orders this show. now i arthur says global air freight demand grew by nine percent in two thousand and seven that's more than double the year before that what's behind this increase that we're seeing well you can look at the past or you can look on growing at the present and the future and i think is important in any kind of dynamic like freight to take a kind of watching brief on history current in the future and i think that the latest after outer data is showing that ther

as the world's biggest domestic tourist market boeing already exports a quarter of its production to china but the escalating trade dispute between the u.s. and china could easily cloud the u.s. plane makers business. even if it won't make any comment on that but founder of. business now back to phil and the ongoing violence in the thank you security forces that have laid siege to an opposition neighborhood in the capital managua as part of the government's crackdown. on anti-government protests at least ten people were killed over the weekend when police and government loans to president. student demonstrators on monday families held the funerals for the victims. i. think grieving and angry friends and family of those killed in last weekend's violence marched through the streets of managua carrying their loved ones to their final resting place but while they were mourning the dead others gathered to demand justice outside the university where the incident occurred. the protesters here say armed pro-government groups would have blamed for the deaths when they cleared a sit in protest