in fact, boeing did the same with their 77.ritical. —— with their 787. 0n the import those planes to the us, can we see anything happening as a consequence on boeing aircraft? there tit—for—tat trade disputes all over the world. you will have reported on boeing's spat with ayr boss, which share the aircraft business about 50—50. —— airbus, which share the aircraft business about 50—50. the uk government have got involved because they rely on boats in northern ireland. especially with the involvement with the dup. they have some reliance on those voters. but 16,500 people work in the supply chain for boeing in the uk. if it isjobs you are worried about —— worrying about, just remember how many we have in the uk. add to that, the canadian government is threatening to cancel an orderfor government is threatening to cancel an order for military aircraft from boeing. these things get complicated. when you are picking sides in a spat like this, picking your site isn't straightforward. is there a sense that enough is being done to pro

we have a long—term partnership with boeing. we have worked with boeing over the years.ay to operate in terms of such a long—term partnership, and i said that that long—term partnership is being undermined by this behaviour by boeing. the plant itself is in constituency held by dup, which the government relies on to pass laws, so it is getting westminster‘s full attention. the promised has previously raised this issue with justin trudeau and donald trump will stop so at the highest level, we have been emphasising how important is it. thousands ofjobs depend on this. there is a long way to go in this. there is a long way to go in this increasingly acrimonious journey. a second ruling will be made in february, next year, and even that will be appealed. —— can be. northern ireland is caught in the crossfire of a dispute between canada and the united states. remember that they other‘s biggest trading partners. as the uk looks when you trade friends, it is a reminder that even special relationships can sour. ryanair has announced more cancellations over the winter months, whi

i'm say this, boeing is going -- i understand what boeing is upset. in the space of rockwell collins. the reality is rockwell collins has done it better than everybody else for the last two decades and collins needs them as much as collins needs boeing. with that said, morgan stanley earlier i think they both overweight and still think boeing, boeing out of all of them sets up the best. >> do you have a compelling chart. >> come on dan, you do. you showed it to me and now making me look like the jerk i am. >> i'm going to say boeing since the last gap it just flat lined. to me, that's a gap that needs to be filled at some point. through your uptrend and all of sort of stuff. that's a better value. >> i think there's an integration risk. already integration going on before this. now you have them together. that can be a distraction. it will take a long time. that's management distraction. that will be in boeing. >> a friend of the show, covers the space. says this deal is creative to utx. $160 a share. getting it as a steal below 130. where it is right

bombardier has rejected boeing's accusations as hypocrisy and said in a statement that boeing says it playing field, but it is not even on the field, that's because, according to bombardier, boeing doesn't even make a comparable aircraft. the 4,5000 jobs at risk at bombardier‘s factory in northern ireland mean the dispute is a top priority for the uk's prime minister theresa may. that plant is in an area which is very important to the democratic unionist party, whose votes prop up her government. earlier this month both mrs may and canada's justin trudeau discussed the dispute and made clear their concerns about a ruling against bombardier. i have already raised the issue with president trump in the telephone call i had with him last week, but i will raise it with him, the issue of bombarding eight, with him when i meet with him again later this week and i'll be impressing on him the significance of too the united kingdom and obviously to jobs significance of too the united kingdom and obviously tojobs in northern ireland. on the issue of boeing, it's been very clear canada is embarki

i think first of all, there needs to be a clear message to boeing that boeing need to ta ke message tohat they are doing, the tactics that they are deploying in relation to this. i don't think it is in their favour to don't think it is in their favour to do that. all companies, of course, benefit from international trade, boeing bids into other contracts outside of the united states of america and wins many of the contracts and therefore, to try to in relation to this particular issue look towards protectionism in order to give some commercial advantage is simply not on and i think that's the message that's been sent very clearly by sir michael fallon today and we would urge him to keep a very strong line in relation to this matter. whilst the decision may not come as a huge surprise, perhaps the punishment did? yes, quite frankly an appalling tariff over 200%, very, very clearly, the signal being sent out is that they don't want this contract out is that they don't want this co ntra ct to out is that they don't want this contract to continue. they're trying to put off a commercial pom

it isa made aircraft. —— boeing decided.ern ireland by boeing decided this would be a suitable route to go down. the only conclusion we can draw is that this is an opportunist opportunity that the boeing company have seen in terms of president trump and his political outlook to bring jobs back to america and to use that as a means to destroy any competition towards boeing from bombardier in the years ahead. this was a shock decision for a lot of people last night, but if you take the worst—case scenario, what is it? night, but if you take the worst-case scenario, what is it? the worst—case scenario worst-case scenario, what is it? the worst—case scenario is that the plans for 60% of all the work done here in northern ireland for bombardier will be on the c series aircraft in the future. they are already making parts of the fleet here, but 60% of the work you will bbc series craft in the future. —— the c series. that has devastating consequences, notjust for the 4500 people that work in belfast, but also the supply chain and

boeing as a. defense partner of the united kingdom and was one of the big winners from the last defense review so this is not the kind of behavior that we expect from a long term partner and i've made that very clear to boeing with. the punitive charis against bombarding they have not yet gone into effect the u.s. international trade commission will rule on them at the beginning of next year. u.s. president donald trump has unveiled tax reform plans at a speech in indiana one of the biggest changes is a drastic cuts for corporations from thirty five percent to just twenty in his speech trump pledge to make it easier for americans to file their taxes saying they waste billions every year because the system is too complex according to his plans small businesses would see a cap put on the taxes the trouble is from over there already paying a lot less they're feeling left out. there lower copsey open despite sale of repair shop in washington d.c. five years ago business is going well so well in fact t

to boeing.er ruling in february, but it does cast a shadow over the c—series programme and to 4200 jobs in belfast. explain for our viewers around the world why it is important to the uk and in particular prime minister theresa may? given the outcome of the last election? well, that's interesting because there is a real political dimension to this. the bombardierfactory a real political dimension to this. the bombardier factory in a real political dimension to this. the bombardierfactory in belfast a real political dimension to this. the bombardier factory in belfast is ina dup, the bombardier factory in belfast is in a dup, democratic unionist party, and theresa may relies on the dup, the ten mps of them, for her slender parliamentary majority so she will be keen, if it matters to the dup, it matters to the conservative prime minister. she raised it with donald trump we know the business secretary from the uk has been visiting boeing. usually they do it behind closed doors, but they know a lot

feel boeing is simply trying to keep the sea serious from the u.s. market and of course it is in the eye of the rio there if it is to be called dumping or subsidizing but it is not on boeing to make that decision in that case this is going to be the international trade commission while the canadians clearly think the tariff is plain crazy so vision on ski thank you very much for that. now it may all may not surprise you that just because a country produces a lot of oil its people aren't necessarily better off just take nigeria west staggering poverty persists that's despite the country being on both the oil put the biggest oil producer on the continent and the richest country there at the same time wednesday's german nigerian business forum in frankfurt brought leaders together to discuss other ways of raising nigeria's poorest out of poverty it's clear just isn't enough. nigeria is rich in oil but that oil is also one theory as curse. the black gold brings in revenue but it also destroys the environment and as oil prices dropped across the globe las

this has been a hostile attack by boeing ina this has been a hostile attack by boeing in a market theyens boeing in the way he has, that's something you would welcome, is it? we have been calling for it for sometime. we're glad to see that both michael fallon and the prime minister today has been a bit stronger. a bit too late, but stronger in their words. a bit too late because you saw this coming? well, we have seen this here coming? well, we have seen this here coming for the last few months. has been pressed upon the british government that they needed to step in and put as much leverage in terms of boeing to resolve this issue to get boeing around the table speaking to people, but we believe that should have been done weeks ago and not the day after the decision.“ this was the other way around, would you have sympathy with a british company saying hang on a minute, it is not fair that another country is getting sub sidity? this sub sidity is in the form of repayment loans. all companies in the aerospace markets do and will continue in the future to get subsidies and boeing and air

boeing has a powerful cheerleader.y in the us, as boeing claims in this case, are the enemy of president trump's "america first" policy. but politicians here have started firing back. this is not the kind of behaviour that we expect from a long—term partner, and i've made that very clear to boeing, when i met them earlier in the summer. and i've also made very clear to the new united states ambassador in london, this is not the behaviour we expect of boeing and could indeed jeopardise our future the plant itself is in a constituency held by the dup, which the government relies on to pass laws, so it's getting westminster‘s full attention. the prime minister, on our behalf, has raised this issue with president trump and prime minister trudeau, so at the very highest level we've been emphasising how important this is. thousands ofjobs depend on this, hundreds of millions of pounds in terms of the northern ireland economy. there's a long way to go in this increasingly acrimonious journey. a second ruling will be made in f

it's between canadian company bombardier and the us plane maker, boeing. is the uk wading in? samira hussain has more from new york. this story starts in 2016 when the canadian aerospace company bombardier on a contract to supply 125 c series passengerjet bombardier on a contract to supply 125 c series passenger jet to bombardier on a contract to supply 125 c series passengerjet to the us airline delta. the american rival boeing says the deal was not fair, since bombardier agreed to sell the majority of those planes below their cost price, a practice known as price dumping. boeing has taken their complaints to both us and international trade authorities. this is clearly a fight between canadian and american company. so why the british prime minister theresa may phone us president donald trump last week about this particular trade dispute? turns out the canadian firm is one of northern ireland's largest employers. the wings and fuselage of bombardier‘s c series and manufactured in this factory. if the trade dispute and the jeopardising the contract, it coul

boeing has a powerful cheerleader.sidies and use them to sell cheaply in the us, as boeing claims in this case, are the enemy of president trump's "america first" policy. but politicians here have started firing back. this is not the kind of behaviour that we expect from a long—term partner, and i've made that very clear to boeing, when i met them earlier in the summer. and i've also made very clear to the new united states ambassador in london, this is not the behaviour we expect of boeing and could indeed jeopardise ourfuture relationship with boeing. the plant itself is in a constituency held by the dup, which the government relies on to pass laws, so it's getting westminster‘s full attention. the prime minister, on our behalf, has raised this issue with president trump and prime minister trudeau, so at the very highest level we've been emphasising how important this is. thousands ofjobs depend on this, hundreds of millions of pounds in terms of the northern ireland economy. there's a long way to go in this increasi

well boeing is acting quite confident they drop the polite but firm reminder to theresa may that boeing employs sixteen thousand five hundred people in the u.k. supply chain and last week just broke ground on a new facility and sheffield for now the american company seems to be winning the legal arguments what with all the important people the u.s. department of commerce the u.s. international trade commission and ultimately the world trade organization so no wonder it is feeling confident one by due course disagreed strongly facing that the u.s. government should reject boeing attempt because they would unfairly tilt the playing field and its favor so this dispute rippling across the atlantic now u.s. corporations have had twenty four hours to digest trump's tax plans what do they think. well then you know of course they like the idea of cutting the car protect this specially in the retail sector by the way because retailers are hoping to benefit in two different ways they would have to pay less taxes on the revenue and at the same time benefit from the higher income of american consum

boeing it is sometimes america first and americanjob first.t and american job first. boeing is also in the supply chain employing 16500 people in the uk, and bombardier has usjobs in connecticut, so when it comes to picking sides, it is not straightforward. let us talk about ryanair. thousands of flights cancelled this week. the headlines today is they are being told to correct their compensation information they are giving. a week ago they cancelled 400 passengers, another 400 thousand people will lose out. that cost them 25 million, let us say for example it cost them another 25 million so a big cost to them. they are being rapped over the knuckles saying they are not making it clear to customers what their rights are. the caa says it is furious with them, could they take them to court? i doubt it. i think that i will make changes. everything saysis that i will make changes. everything says is this the end for ryanair? got to remember, this is a company that will make 1.4 billion euros in profit this year so 50 million is peanuts. not only t

that's why the british government has made an appeal to boeing. >> boeing is a major defense partner of the united kingdom and was one of the big winners from the last defense review so this is not the kind of behavior that we expect from a long-term partner and i've made that very clear to boeing when i met them earlier in the summer. reporter: the punitive tariffs against bombardier have not yet gone into effect. the u.s. international trade commission will rule on them at the beginning of next year. daniel: so canada and the u.s. claim not getting along but you have a special report from east africa. brent: we'll talk about the human cost of fighting terrorism. in somalia, where the government has been struggling with a jihadist insurgency for years. with international support, efforts to defeat the al-shabaab militia have picked up but the fighting has led to more hardship for civilians. in an exclusive report, our correspondents bring us the story of people already devastated by nearly 30 years of civil war. reporter: bakbaru means to survive in somali, a fitting name for this r

the planes were for 100 seater planes, boeing makes 737 is, delta which wanted to buy the 75 planes diduy the boeing planes, the canadian government has been putting forward they want competitors and therefore there was no harm. what is quite ironic about this, the north american free trade agreement, nafta, which president trump has been quite the three look about prior to being elected and since, could actually help boeing? the interesting thing, nafta contains a chapter, chapter 19 which allows for the binational of precisely this kind of determination and national government. the thing is it boeing turns to the us government and the us government agrees there has been subsidies harm, the us government can apply a tariff against the import of bombard yet planes which will end up having serious damage to this contract and putting in jeopardy for example the jobs in canada and the uk which ben mentioned but this binational review allows for these kind of us government determinations to be reviewed in a neutralfashion. that's what canada wants to maintain. clearly boeing feels there's b

bombardier has rejected boeing's accusations as hypocrisy and said in a statement that boeing says ite field, that's because according to bombardier boeing doesn't even make a comparable aircraft. the 4,5000 jobs at risk at bombardier‘s factory in northern ireland mean the dispute is a top priority for the uk's prime minister theresa may. that plant is in an area which is very important to the democratic unionist party, whose votes prop up her government. we'll have more in about 15 minutes' time. and we're also in china where the instant messaging service whatsapp appears to have been totally blocked. while the authorities have previously restricted the service this seems to be the biggest clamp—down so far. it comes ahead of a big communist party meeting, which is scheduled for next month. the facebook—owned app has struggled for market share in china and this will be seen as a blow to its ambitions in the country. the brazilian government says it's revoking a controversial decree that would have opened up a vast reserve in the amazon to commercial mining. the temer administration w

. >>> boeing is firing on all cylinders. it's the best perfect dow stock this year, up more than 60%. the company is increasing production at its commercial unit. but its next leg of growth may be driven by its defense business. morgan brennan explains from national harbor, maryland. >> reporter: leanne corette has been ceo of boeing's defense business for 18 months. >> it's transformative time, fast paced. as we identify opportunities that will make us better, that's what's most important. >> reporter: while most people have flown in a boeing plane, the company actually makes a third of its money selling military equipment to countries around the globe. it's been relocating headquarters to washington, d.c. and investing for growth. both organically but also on the heels of the northrop grumman deal through acquisitions. >> we have a very focused strategy on our growth. that includes looking organically on where we're going to invest. we also are continuing to look at other ways to increase our top line through mergers and a

boeing has a powerful cheerleader.ubsidies and use them to sell cheaply in the us, as boeing claims in this case, are the enemy of president trump's america first policy. in belfast today the defence secretary, michael fallon, said future defence contract with boeing could bejeopardised and tonight theresa may echoed that warning. we have had a long—term partnership with boeing, worked with boeing over the years, and i think this is no way to operate in terms of such a long—term partnership, and i say that that long—term partnership is being undermined by this behaviour by boeing. the plant itself is in a constituency held by the dup, which the government relies on to pass laws, so it's getting westminster‘s full attention. the prime minister, on our behalf, has raised this issue with president trump and prime minister trudeau. so at the very highest level we've been emphasising how important this is. thousands ofjobs depend on this, hundreds of millions of pounds in terms of the northern ireland economy. there's a lon

but boeing is a major difference partner of the united kingdom and was one of the big winners from the last defense review so this is not the kind of behavior that we expect from a long term partner and i've made that very clear to boeing when i met them earlier in the summer. the punitive cherubs against bombardier have not yet gone into effect the u.s. international trade commission will rule on them at the beginning of next year. a financial correspondent conrad was and is in frankfurt let's bring him in now conrad it might sound a little bit farfetched but all we nearing trade war territory with this. but clearly well clearly some other restaurant here sounds quite marshall of course those indications by politicians in britain and canada to use orders for boeing military planes as leverage sounds at least like this can escalate but i think there's more implications here for britain this indicates that the idea of getting a level trade deal with the united states after breakfast it was rather blue eyed rather naive clearly the american department of commerce and boeing indicate that

trade talks with the canadian prime minister and both have been speaking about the row involving boeing and bombardier. jobs could be under threat in northern ireland because of the dispute. the prime minister said she would press donald trump to resolve the matter. i have already raised the issue with president trump ina raised the issue with president trump in a telephone call and i will raise the issue of bombardier with them when i meet him again later this week and i will be impressing on him the significance of bombardier to the united kingdom and particularly to jobs bombardier to the united kingdom and particularly tojobs in northern ireland. let us talk to our correspondent in northern ireland, chris page who is in belfast. at least both leaders have been speaking about this, so that perhaps suggests that things might improve for the workforce there in belfast? yes, i think people here in belfast will recognise the fact that the british government and the canadian government are very much engaged in this issue. you heard the prime minister there are saying that she intends to s

feel boeing is something trying to keep the sea serious from the u.s. market and of course it is in the eye of the rio there if it is to be called dumping or subsidizing but it is not on boeing to make that decision in that case this is going to be the international trade commission while the canadians clearly think the tariff is plain crazy thank you very much for that. i'm going to get more on this the feud between playmakers boeing and bomb body is gaining altitude as we just heard the u.s. commerce department is stopping a preliminary two hundred twenty percent tax is planes now trade tension is threatening to spill over to the other side of the atlantic. this canadian aircraft would cost three times more in the u.s. if the u.s. government carries out its intentions but party a called the punitive tariff absurd the americans actions are designed to push them out of the u.s. market they say the canadian government is not happy about the situation either. obviously we're disappointed by the decision and i will continue to play the part we're going to

guy: could this favor boeing more than airbus?un the 350, they are trying to take single aisle production rates a lot higher. airbus has struggled with zodiac, it would like to see colin -- consolidation in europe. is it a benefit more to boeing and airbus? -- then to airbus? benedikt: that might be one of the scenarios that will play out. zodiac has been taken over by so there is some consolidation in that space. one of the issues here is uts is struggling with its engine that it supplies to airbus, the turbo fan, and airbus may be concerned for this distraction large acquisition. boeing might be looking at this and thinking they are going to be busy with this, we can watch from the sidelines. airbus might be -- >> quick change -- we have run out of time. we will have to save the deal for another time of the morning. thank you, joining us out of berlin. up next, ramping up the rhetoric ,n brexit, theresa may lancaster house 2.0. ♪ guy: show of force, president trump agrees to back billions of dollars of u.s. sales into south kore

boeing has a powerful cheerleader. them to sell cheaply in the us, as boeing claims in this case, are the enemy of president trump's "america first" policy. but politicians here have started firing back. this is not the kind of behaviour that we expect from a long—term partner, and i've made that very clear to boeing, when i met them earlier in the summer. and i've also made very clear to the new united states ambassador in london, this is not the behaviour we expect of boeing and could indeed jeopardise our future relationship with boeing. the plant itself is in a constituency held by the dup, which the government relies on to pass laws, so it's getting westminster‘s full attention. the prime minister, on our behalf, has raised this issue with president trump and prime minister trudeau, so at the very highest level we've been emphasising how important this is. thousands ofjobs depend on this, hundreds of millions of pounds in terms of the northern ireland economy. there's a long way to go in this increasingly acrimoni

i wonder if i could follow up boeing. i wonder if i could follow up on the bombardier point. did you discuss the possibility that the uk and can delete mechanic could use their muscle to put pressure. by aircraft in the future. there is a live debate in the cabinet about whether a future european relationship could be based partly on the canadian relationship. would you thing, there is a counter argument, that you could follow the arguments of the european court of justice, and stay very close to the eu rule book. which option do you favour? i think on the bombardier point, we want to make sure that we are protecting jobs in this area, obviously for the uk, the bombardier jobs in northern ireland are important and we want to protect those. of course, there is a process thatis those. of course, there is a process that is being undertaken now, there will be a preliminaryjudgment in the us next week in relation to this case, but there will be a preliminaryjudgment. it case, but there will be a preliminary judgment. it will case, but there will be a preliminaryjudgment. it will b

aviation giant boeing and canada's bond body the u.s. has slapped tariffs on the new bond body a c. series plane boeing claims the new aircraft are being unfairly subsidized northern ireland is caught up in this route to as daniel lak reports now from toronto several years behind schedule and more than a billion dollars over budget bombard the series passenger jet is finally flying a modest number of planes have been ordered including by the u.s. airline delta but this u.s. commerce department ruling in support of a complaint by rival boeing could trouble the price of the bombard planes and this government is holding crisis meetings obviously were disappointed by the decision and i will continue to play hard for the kids and jobs canada's not standing alone in the u.k. bombarded is a major employer in northern ireland where the largest political party props up prime minister to resign may's government she's expressed bitter disappointment so have workers at the bombarded a factory in belfast who want britain to take action of its own against boeing that's we're going to lose a going

in boeing. >> okay.y on this set are you digging guy's pitch for barrick gold you can vote on cnbc "fast money. our pole is up plus, nike is set to report earnings tomorrow after the bell it is expecting something unusual when it does we'll tell you what that is when "fast money" returns your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. directv has been rated #1 in customer satisfaction over cable for 17 years running. but some people still like cable. just like some people like banging their head on a low ceiling. drinking spoiled milk. camping in poison ivy. getting a papercut. and having their arm trapped in a vending machine. but for everyone else, ther

if boeing and bombardier come to an agreement that could alljust go away. by our ireland correspondent chris page. talk to us firstly about the potential implications for jobs. talk to us firstly about the potential implications forjobs. we know bombardier is one of northern ireland's biggest employers but there are supply chain jobs also? that's right. bombardier is a critical part of the northern ireland economy. the main plan is in east belfast where the wings for that c—series passengerjets are made. just over 4000 people work for bombardier here. the c—series is bombardier‘s flagship programme. there would be knock—on effect for bombardier‘s business here as there are 15 small aerospace firms that this —— supply directly to bombardier and many other firms this —— supply directly to bombardier and many otherfirms in this —— supply directly to bombardier and many other firms in a similar position across the uk. so the health of bombardier is very important in the overall health of the northern ireland economy. how much pressure does the day think it can

if i look at boeing, even ge on multiples, they're not terribly impressive boeing is impressive some of this can continue. look at the energy sector as a case in point and then the financials this week was certainly punctuated by fed. you have business as usual these names people are grabbing for value. >> do investors believe in the global growth trade or is this a sector that finally is catching up and getting some love here? >> ge has less than a dollar of free cash flow boeing is amazing, it's up 65% year to date, only got a 52% buy rating this stock can see a lot more upside, they can raise the dividend there's stock you want to continue to own. ge has less than a dollar cash flow throw on some earnings from their other investments. the stock is overvalued at these levels i would stay away. >> ge has been dead money for a long time. i would separate ge from everything else. what i find interesting about the whole thing, you ask, okay, the global growth trade, i agree with tim, there's rotation going into it. you hear everybody talking about this global cyclical recovery, synchro

julie: are there any other, you said boeing rolled out making a bid. airbus ruled out making a bid? say onend: we can never the deal will go through. all kind of things need to happen. people talking about closing in a year. i think it is unlikely boeing or airbus would step in because that is they'll buying a significant piece of the supply chain that will create antitrust risk. buyou are bond and by -- rockwell and other people saying, why are we going tobuy? it is possible there is some it doesinterloper but not seem like a high probability the we brought the news of the talks on was a month ago and nobody has stepped in. julie: thank you, ed hammond, bloomberg deals reporter. larry summers explains why slow wage growth is a feeding into middle income anxiety. -- middle-class income anxiety. this is bloomberg. ♪ so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experienc

just imagine what the boe would look like if she was governor of the boe as mr.was hinting at i wonder if leadership would be strong and stable. i'm not so sure. let's get back to the topic we were talking about let's get back to helen helene baudchon. thank you very much for your patientpa patien patience we have deficit targets, how realistic are the numbers? >> good morning again. i would say that these targets are quite realistic. even if this will be no easy task to reach these targets. in fact, the main thing regarding this 2018 budget is that we have three things at the same time, less spending, less taxes, less deficit. this is not totally new. francois hollande, our previous president had also tried to implement these kinds of mix of measures but today we have the same kind of fit cfic fiscal policy with e sizable changes, with stronger spending savings, higher tax cuts, and despite that, at the end of the day significant reduction in the fiscal deficit. the difference between the situation today and the one with francois hollande is today we have quite

jet make a boeing the move puts a new strain on already tense trade relations between the u.s. and its northern neighbor. who is instructing this story for us from frankfurt conrad who's right and who's wrong in all of this because one body is been rescued by the canadian state and supported by the state and here we have the u.s. china and trump and his tariffs. yes it's very difficult to see through all this but obviously the u.s. commerce department or somebody there pulled out a really big gun this punitive tariff of two hundred twenty percent is unprecedented not even boeing demanded that the tariff be that high and who's really right and wrong and how much should be determined by article nineteen of nafta the north american free trade agreement which provides the tracing procedures for cases like this the problem for bombards is that the trump administration has argued against this article nineteen in the current ongoing renegotiation of nafta so it's a bit in limbo at the moment whether or not the americans will play by the rules and whether they will do it quickly enough

boeing's complaint has been cheered on by president trump.a may relies on northern ireland mps for her slender commons majority, which helped push the top deck out the agenda on her recent trip to canada and the us. this isjust round one of this fight. a further ruling is due in february of next year but this preliminary victory for boeing will cast a shadow over international trade relations and northern ireland's biggest manufacturing plant. simon jack, northern ireland's biggest manufacturing plant. simonjack, bbc news, belfast. women in saudi arabia will soon be allowed to drive for the first time in the nation's history. long seen by rights activists as a symbol of repression of women, the move follows a long campaign for change. saudi arabia is the only country in the world where women are not allowed to drive, some have been jailed for defying the ban. measles have been eliminated in the uk for the first time, say global health leaders. the world health organization said elimination can be verified once a country has sustained interrup

workers at the bombarded a factory in belfast who want britain to take action of its own against boeing that's we're going to lose a to speak that's with the politicians we the railings that. we sell for. one of our cars commercials this week. and they need to. say to believe that they need to sell less with those it kills us canada too is said it will take a serious look at future business dealings with boeing a five billion dollars deal to buy fighter jets from the u.s. company could be scrapped according to the prime minister justin trudeau but the country also says it has legal means to challenge the ruling at the world trade organization and under the terms of the north american free trade agreement nafta with president trump threatening to scrap that agreement the current talks to renegotiate nafta haven't been going well canada says it invests in not subsidizes bombard and as it points out the u.s. has bailed out general motors in the past and gives boeing preferential treatment by some measures canada and the u.s. have the world's largest trading relationship but it's growing mo

that boeing is skeptical that this deal makes sense for not only boeing but for other airplane makersnd for the airline or aerospace industry overall in announcing just a the few minutes ago that it is skeptical about the merits of this acquisition of rockwell collins by united technologies boeing says, should we determine that this deal is inconsistent with those interests, the interests being how the airline industry or the aerospace industry is remaining competitive. should we find that it's inconsistent with those interests, we would intend to exercise our contractual rights and pursue the appropriate regulatory options to protect our interests. keep in mind that just an hour and a half ago, david faber was talking with greg hayes, the ceo of united technologies, and he said, point-blank, we do not see anything that will stop this transaction. so, guys, what we're looking at right now is boeing saying, you know what, with we disagree with that, and potentially, we could see boeing going to regulators saying, stop this deal from going through. unclear whether or not they'll actuall

company boeing and the canadian company bond body it has a factory in northern ireland and u.k. jobs are threatened because the americans are now imposing a tariff on foreign builds planes daniel lak has the story from toronto several years behind schedule and more than a billion dollars over budget bombard the series passenger jet is finally flying a modest number of planes have been ordered including by the u.s. airline delta but this u.s. commerce department ruling in support of a complaint by rival boeing could trouble the price of the bombard planes and this government is holding crisis meetings obviously were disappointed by the decision and i will continue to play hard for the killing jobs canada's not standing alone in the u.k. bombarded is a major employer in northern ireland where the largest political party props up prime minister to resign may's government she's expressed bitter disappointment so have workers at the bombarded a factory in belfast who want britain to take action of its own against boeing its we're going to lose weight and i need to speak that's what t

aviation giant boeing and canada's bond body the u.s. has slapped tariffs on the new bond body a c. series plane boeing claims the new aircraft are being unfairly subsidized northern ireland is caught up in this route to as daniel lak reports now from toronto several years behind schedule and more than a billion dollars over budget bombard the series passenger jet is finally flying a modest number of planes have been ordered including by the u.s. airline delta but this u.s. commerce department ruling in support of a complaint by rival boeing could trouble the price of the bombard planes and this government is holding crisis meetings obviously were disappointed by the decision and i will continue to play hard for going to jobs canada's not standing alone in the u.k. bombarded is a major employer in northern ireland where the largest political party props up prime minister to resign may's government she's expressed bitter disappointment so have workers at the bombarded a factory in belfast who want britain to take action of its own against boeing that's we're going to lose are you goi

well boeing is acting quite confident they drop the polite but firm reminder to theresa may that boeing employs sixteen thousand five hundred people in case the pike chain and last week just broke ground on a new facility and sheffield for now the american company seems to be winning the legal arguments what with all the important people the u.s. department of commerce the u.s. international trade commission and ultimately the world trade organization so no wonder it is feeling confident one by yes of course disagrees strongly facing that the u.s. government should reject boeing attempt because it would unfairly tilt the playing field in its favor so this dispute rippling across the atlantic now u.s. corporations have had twenty four hours to digest trump's tax plans what do they think. well then you of course they like the idea of cutting the car protective specially in the retail sector by the way because retailers are hoping to benefit in two different ways they would have to pay less taxes on the revenue and at the same time benefit from the higher income of american consumers thank

fencing: what are you expecting from boe on thursday -- francine: what are you expecting from boe onle of times here in the recent past where we have had policy for a number of successive months. on both occasions, the dissent has moved along with the consensus. that is still our central view that we will see a couple of higher rates. ultimate, if wages fail to pick up, it will move back to the consensus and rates will stay on hold. tom: strayed -- trade at sterling is a lot different than what we see with sterling to cable. we will put this out on twitter today. it is a good chart. it is a low of 208. tell me about the trilemma that governor carney faces. what is the impossible trinity for governor carney? there is difficulty is a very material overshoot for headline inflation pushing 1%. the economy ise, now going below trend. we have seen a couple quarters of gdp growth. the gap is widening. there is little evidence wage growth is picking up. elsee one hand, everything should be flat. that is the dilemma the bank has to deal with. it's a policy target variables and everything else

if the verdict goes against bombardier and in boeing favour it could be hit with punitive task.ping she can do rose the government has said that they have engaged with this and they have engaged with boeing themselves across the atlantic. they have been in chicago to have talks with boeing's chief executive, they had them on the phone last week. there isa them on the phone last week. there is a recognition among staff at bombardier here, that the government are bombardier here, that the government a re really involved bombardier here, that the government are really involved in track to get are really involved in track to get a positive outcome for the workers here in belfast. the government says their preference would be that boeing drop their case, but then they negotiate a settlement with bombardier. in another apparent example of how this is being taken here in northern ireland, the leader of the two main political parties, sinn fein and the dup, have set aside their differences and put a joint letter to the us vice president expressing their concern about the outcome. the bl

finally boeing is getting recognition for strong free cash flow. caterpillar, great to see some of its markets coming back. that is encouraging. cheryl: steve, talking about construction and aircraft building, remember boeing just signing a new deal with the iranians, that relationship opening up on the business side anyway. so what we're seeing is that these are relationships that are going to be good for american companies. >> i wouldn't bank if you're a boeing stockholder on iran deal. that may be upended with future sanctions but boeing is not dependent on iran in terms of the overall picture, hardly at all. as a matter of fact you mentioned construction, one of the challenges in this country we have shortage of construction workers made even worse by rebuilding florida and texas, from those storms and lord knows what we'll have to do with puerto rico. so, for certain skills there will be very, very high demand. which means those wages will be rising. cheryl: i was going to say. i spoke at a construction industry conference, jack, they said we