brian quinn is standing by. covering the current event. what could it mean for its european rival airbus? it has been seen as the second player in the global aviation market. >> airbus has been seen as the but it is seeking its role somewhat reversed. they were looking to clinch 200 worth of plain sales -- of airplane sales. they have notched 245. for signed deal with sebu over two dozen planes that include a number of the new planes. a saudi airline has signed a deal for 100 airbus planes. order there. announced nothing. they announced a deal with korean airlines for 30 of their dreamliner plane. they are still struggling with the 737 max 8 crisis. >> it is not just the 737 crisis playing in boeing. the triple seven act's -- the 777x also. supplier, ge aviation, has hit a snag with a part in one of the engines developed for that twin engine jet.ll -- two aisle they are going to take the engine apart and replace it and redesign it. that will mean further testing that will pushback the launch of 777 x. this is a market worth at least andbil

. >> brian quinn is covering the event. let's ask him what the atmosphere is like. boeing is under pressure. there is no word on when the grounded 373 max will return to the air. >> that is right. boeing held a press conference show damage control, saying safety is sacred, the company apologizing to the victim and the victim's families. rememains the 737 max 8 their stalall wart aircraft t ad they have fixed the software that is believed to have been responsible for those crashes. 280 flights on the upgraded software, but they will not say when the plane is set to return to service. they say safety y is sacred. that grounding costing the company a lot of money. roughly 500 planes around the world grounded since four months now. it is a busy season for airlines , they will have to offer compensation. there are about 74 lawsuits pending against them. olivia: airbus is unveiling its extra long range. it is cnet targeting boeing's clients at a time of crisis. >> the extended long-range lineon of airbus workhorse should be about a 5000 nautical mile range. the expectatio

brian quinn will tell us about that in our business update. two former sweethearts separated for 75 years meet again. a look at the d-day romance and ra©union. first, our top story live from paris. ♪ genini the top court in brazil says it will re-examine an appeal by lula da silva in the wake of allegations that a former judge collaborated with prosecutors during corruption investigations, including the case that imprisoned lula and barred him from running in last year's presidential election. the justice minister who sent a former president to prison. surgery -- sergio mauro is on the defense after a leaked message. >> i cannot say these are authentic. these things happen years ago. speak to prosecutors, lawyers, police. that is normal. >> exchanges between him and prosecutors in which he gives them advice on the focus and pace of their investigations. the lead prosecutor denies allegations of collusion, although he has offerered an apapology of sortsts. >> we do n not believe these messages are trustworthy, we recogngnize theyey are making p

time for a look at the day's business news with brian quinn.tart with the potential reckoning g for tech giants as regulators are gearing up for anantitrus i investigatitions. google, facacebook, amazon, and apple e undergoing probes. they decided to split jurisdsdiction. a a top to botottom review heldy giant platfororms. thisis is following years of stricter regulation in europe. >> top tech giants under scrutiny. washington has google, facebook, .pple, and amazon in its sights lawmakers are looking into possible antitrust violations by the leading tech companies. that follows news that regulators are geariring up for investigations. is being shared by the federal trade commission which will take on facebook and amazazon. othersrs will takeke on applpled golele. an invnvestigation in 2013 ended without majojor action. ingle is overly dominant online advertising, hurting the profits of smaller companies. expected to have 37% of the online ads in the united's race this year. -- united states this year. google has yet to comment on tighter regul

brian quinn joins me in studio. re starting with a big step forward for the trade deal that would replace nafta. brian: mexico has become the first country to ratify the usmca free trade agreement. the large deal resembles nafta. resembles the nafta it replaces. 114 yeas to 40 nays, mexico has ratified a replacement to the north american free trade agreements. over $350 billion worth of goods last year to the united states. the president praised the move. >> we can have commercial relationships with new circumstances. they are good and beneficial to mexico because they mean foreign investment and jobs and guaranteed trading goods with the u.s. now, if ratified by the three countries, become the usmca, the u.s.-mexico, canada agreement. the 25-year-old -- president trump has said the 25-year-old a the worstccord was trade deal in history. president trump: i don't like canada. it has been bad for the united states. establisheseal different rules for the auto sector. canada is expected to ratify the text, but it could f

brian quinn joins us now. blamingiat chrysler is french politics. government insisting its intervention had nothing to do with the plan failure. emergent merger would have created the world's second-largest carmaker by volume. nick rushworth has the details. nick: the marrrriage is off jujt days after t the proposal. fiat chrysler proposed a merger with renault. the market is liked it, and it got the french government, however,. parents set various conditions >> no factory closures and no indudustrial job losses -- however, paris set various conditions. >> no factory closures and no industrial job losses. nick: a balance of power between french and italian directors and guaranteed maintaining renault's alliance with nissan. the french government said three of four conditions was met, but on wednesday, they requested a delay to request nissan's approval. fiat chrysler opted out of the megamerger entirely, saying it has become clear that the political conditions in france do not currently favor such a combination to succeed successfully. that thed ind

quinn. this is "bloomberg markets." it is time now for futures in focus. brian joins us from the cme. what a week in oil.? --we -- where do we own? next?do we go do we actually go through $50? brian: we seem to be in the middle of that range, not the long-term range. what happens next? i think we are probably priced at the low because all of the bad news is priced in. trump has a trade war with china and with mexico. the ecb is going to lower rates if everything is bad. i don't know what could make it go lower than this unless trump eclairs were on the universe -- trump declares war on the universe. what kind of trade would you put on in this environment, given that there is so much uncertainty? there are conflicting reports on even just mexico, with those talks resuming at 2:00 p.m. eastern. if you look at the stock market, the stock market is kind of a disaster. everyone is screaming from a rate decrease from the fed. yeare up about 6% on the for the dow and the s&p. the stock market is signaling some noise. the bond market is signaling low rates. i think you have tight stocks. i don't think we can go

quinn. this is "bloomberg markets." geopolitical tensions rising in the persian gulf, and we are seeing a bit of a rush to safety. 56, justear at 2.08 office low for the year. year. brianth the indications we are getting on allete inflation is doing -- on what inflation is doing. today we got michigan inflation lower than the previous month. 10 year inflation was 2.2%. explain why that is significant. -- brian: it is the lowest indicator ever for that, and that is a significant because this big drop is actually even lower than they wanted to be. i think that is going to raise a lot of interesting questions for the meeting because they are so focused on inflation, it feels like. they take the labor market for granted. it is strong. retail sales came in good. but what about this inflation expectation? if we are expecting low inflation for the next five to 10 years, they may feel like it changed people's minds. guy: what will the fed make of the broadcom warning? this is a direct result of what is happening with the trade story, a direct result of huawei being targeted. this is how the feedback loop is going to work back into the u.s. economy. brian: i definitely think th