if you want a graphic example of what can happen to an american company as opposed to cathay pacific, just look at what happen to fedex pilot who was detained because he had plastic pellets in his luggage. they decided to go after that expert that was clue about six weeks ago in connection with misdirection of some packages for huawei. they have made fedex an enemy and then a holding an american as hostage. this is the way a militant communist state deals with foreign companies. so we have got to understand that we have to protect americans. you can't protect americans if they are in china. it's unfortunate but what are you going to do? >> one more question. special staffers. any questions? >> thank you for coming. >> thank you. i want to ask you, you mentioned -- [inaudible] [inaudible] >> the question is about hong kong human rights and democracy act of 2019 which is currently in consideration. i think it will help. i think the provisions are not strong enough, that's just me. but the point is the protesters in hong kong see this as a symbolic act. they want that passed. the reason

is wreaking havoc on travel and tourism there according to a reuters news agency the airline cathay pacific will have to cut passenger capacity by 1.4 percent next year earlier cathay was actually planning to boost capacity to hong kong international airport but the company says the commercial environment continues to deteriorate discount carrier hong kong airlines also announced its delaying payments to staff for this month saying its business has been severely affected by the political unrest. and we have monica jones from did have your business with more on this story hi monica so what about fewer flights in and out of hong kong what's the impact on airlines well obviously it's not good because hong kong for not just focusing cathay pacific but also for south african airways malaysia's an asia group all the big airlines of the regions for them hong kong is the major destination and they've all had to come to flights due to the drop in passenger numbers in fact the hong kong airport authority reported for auto but i 13 percent drop in passenger numbers and a more than 6 percent drop in fl

what's the impact on airlines well obviously it's not good because hong kong for not just the cathay pacific but also for south african airways malaysia's an asia group all the big airlines of the regions for them hong kong is the major destination and they've all had to come to flights due to the drop in passenger numbers in fact the hong kong airport authority reported for october a 13 percent drop in passenger numbers and a more than 6 percent drop in flights coming in and out and that's the steepest falls since those undress the political turmoil in hong kong began the good news is because there's a downside to cutting flights the good news is that all those airlines won't immediately lose the air slots which normally would happen if you don't use them and that will be a problem because a it's very difficult to get an asphalt in hong kong airports because they lack capacity they're building a 3rd runway but that won't go into operation until the 2024 so the hong kong civil aviation departments and suspend the so-called usage or roosted rule until march which is the end of the winter seas

hong kong area cathay pacific airways will be trimming passenger capacity by 1.4 percent for the next year due to the ongoing protests that have hampered travel to the city that's according to reuters they have planned to actually boost capacity to home international airport company says the commercial environment continues to deteriorate and another sign of trouble to home post tourism sector discount carrier hong kong allan's also announced that it is delaying payments to staff for this month saying its business has been severely affected by unrest in the asia. and to some of the other global business stories making headlines today german car make a dime less says it will slash at least 10000 jobs worldwide in a major cost cutting drive to help finance the transition to electric c.e.o. o'loughlin hughes said had previously announced layoffs as the company they he is restructuring to adapt to changing com accounts set to be completed by 2022. the number of unemployed people in germany has fallen to its close level since 1990 in november fewer than 2200000 people were without a job co

over asia now hong kong carrier cathay pacific says it will trim passenger capacity by 1.4 percent for next year it cited the ongoing protests that have hampered travel to the city that they had planned to actually boost capacity to hong kong international airport the company says the commercial environment continues to deteriorate in another sign of trouble hong kong's tourism sector discount carrier hong kong airlines also announced that it is delaying payments to staff for this month saying its business has been severely affected by the unrest in the asian hub india's economy grew by 4.5 percent in the 2nd quarter as the smallest uptick in over 6 years the current slowdown is linked to a slump in consumption itself related to rising unemployment analysts say asia's 3rd largest economies also feeling the effects of global trade conflicts now for some countries a growth rate of nearly 5 percent would be a dream in india it's cause for alarm and that's how people in the country young and well educated indians are leaving in a steady stream their favorite destinations the u.k. and the u

we had a never profit warning from cathay pacific. they are the hardest hit.are getting concerned about the situation. jonesr, qantas ceo alan spoke about the impact of the protest in hong kong on his business. >> weeded the quarterly update a few weeks ago. quarterly update a few weeks ago. we sell a 15% drop in volumes. we are using a smaller aircraft with the same frequency. taking it month by month and deciding what we do with capacity as we see how the situation -- >> do you think permanent damage is being done? >> it is hard to say. who knows how long this is going to take to resolve. maybe one of the beneficiaries will be zynga for -- will be singapore. we have a bigger presence in singapore. we have a bigger operation from australia to singapore. if that is the beneficiary, image traffic moves from one city to another. about: i want to ask you the potential for the max aircraft to become part of your fleet. toxic?brand too >> i am a big believer that boeing and company will fix this. we have seen problems with other aircraft in the past. we -- 75, 737,

some like cathay pacific can even fired staff members. expressed support for the movement. analysts say it's a clear sign of beijing's influence as to long distance of reports. opportunity to test. hong kong's metro operator but also clothing retailers zara and french bank bnp paribas. both the domestic and foreign companies are on beijing's radar chinese state firms had threatened t to boycott businesses whose employees are suspecteted of suppororting theo democracy movement the city's flag carrier has let cool for around twenty stuff since the protests began. rebekah c. was a flight to send. and she certain she was fired at beijing's behest. there's a clear picture for the hong kong people that chinese china government is chinese government's doing something to let you know you have to learn a lesson. you have to be good you have to follow what they ask you to do. many companies in hong kong have been criticized for touring beijing's line. according to this consultant china wields enormous influence with the city's business community. so i'm gonna go see amomong companies

hong kong protests are causing more problems for cathay pacific. results will be second -- significantly lower than the first. passenger traffic to hong kong fell last month. apple fans -- apple plans to introduce a macbook rope with a larger screen and keyboard. it is the first major update since the macbook pro line was updated three years ago. expected to be about the same as the current model at $2400. alix: time for bottom line. we will take a look at companies worth watching. today we focus on pioneer natural resources. in its latest outlook report, says global oil demand will hit a plateau in just over a decade. here to help us break it down from the u.s. shale perspective is gotcha field. it has been a long time. good to see you back. scott: always great to be back. me fromo thing struck the iea report. the other is they are quite optimistic on u.s. shale over the last decade. what you see? there are several reports. i think 2030 is a little bit early. there are reports between 2030 and 2050. i think we will hit sometime in that time. fossi

let's talk about breaking news from cathay pacific.saying second-half results will be significantly below the first half. this is a airline based in hong kong. the destruction is obviously a key part of this. advance bookings continue to show weakness and say the short-term outlook remains challenging. this is the latest update as to how the levels of disruption impact business. and to update you on hong kong, the police have been doing a briefing. they do these fairly regularly. force."ice but to use they are also talking about how many people they arrested on tuesday. just bring you up-to-date. tencent released third-quarter earnings today. it is expected to report barely any growth. spending outpaces revenue growth. a number of concerns have snarled what was supposed to be a year of recovery. this includes a sharp chinese economic slowdown, competition from rivals, and a political parade involving the nba and protests.protests -- our editor is here. what are investors going to be focused on? >> you mentioned the gaming portion. nnli

cathay pacific had a large number of people who came under considerable pressure. -- and it will damage done will be to hong kong organizations who will come under pressure from the mainland side. historically, hong kong has been truly independent. there has been no interference in business. that has been one of hong kong's primary attractions. but banks, accounting firms and the rest have and will come under pressure. the real danger is not what you see blamed on the cameras, but the implications you see rising from this movement. paul: one of the extraordinary things we saw was members of the pla engaged in voluntary cleanup. should we be reading between the lines here? or was that what it was? >> i think it was subtly nuanced. the platoons came out of the almost adjacent to the baptist university where the students had a proactive weekend in terms of littering the street . they came out and cleaned it up, quickly efficient. the weapons they carried were .rooms i think it was a clever pr move. woreof the t-shirts they reflected the chinese government views. there

conferences hosted by cathay pacific and jp morgan of the latest to be canceled following the collapseer shows and a leading charity run. ♪ the u.s. senate is preparing to accelerate legislation in support of the problem -- the pro-democracy campaign in hong kong. it will place the city's special trading status under annual review. the bail is set to come to the floor unless there is an objection. bill sponsor marco rubio denounced the hong kong government and what he calls aggressive beijing. china has threatened action if the bill passes. ♪ new delhi remains in the grips of choking smog, residents urged to avoid all outdoor physical activity. the average air quality index exceeded 460. that is nine times the level recommended by the world health organization. in some places, the index even crossed 500. schools in the capital will remain shut friday, and traffic movement is restricted. ♪ and bushfires continue to rage across eastern australia and are clearly visible from space. at least 60 fires are burning in new south wales and four people are known to have died. the blaze is threat

causingg protests are more problems for cathay pacific.re than a month. profits will be significantly lower in the second half than the first. travel was down 35% last month. the brazilian american private equity firm 3g capital is among those who have submitted bills -- bids for the sin group -- thyssenkrupp. that is your bloomberg business flash. francine: 3g is just one of many pp's offers.ssenkru levine.still is alicia thank you for staying with us. if you look at deals and what people are going after, private equity is front and center. what are they looking for? >> pretty much everything. they are looking for large deals because there is so much capital they need to deploy. around 2 trillion they have in dry powder. cyclee went into this m&a it was only about 700 billion, so they have ramped up the amount of money they have. and eight is perfect for them. -- any carveout is perfect for them. francine: what is the most interesting deal for them? ed: it would be the largest leveraged buyer in history. if you look at the numbers people