chrystia freeland is expected to take on a new role.andled the negotiations in nafta with the u.s. and mexico and could become the country's new finance minister. a bright spot in the u.s. economy, housing. building application surging by the most in three decades as buyers take advantage of low interest rates. i will speak to ivy zelman. let's get a check on the major averages. your typical tuesday trade. dows&p 500 is up small, the down small, and the nasdaq up bigger. it is not official yet but it looks like chrystia freeland will take over. the dollar index is weaker broadly, including against the euro and sterling. gold back above $2000 an ounce. the risk off trade right back on. bloomberg has learned canada's deputy prime minister chrystia freeland will become the country's net finance minister, replacing bill morneau. he quit after a rift with justin trudeau route impossible to repair. freeland handled the negotiations of nafta between the u.s. and mexico and would be the first woman in the role of finance minister. joining us to

justin trudeau naming chrystia freeland as canada's new finance minister, and joe, if anyone knows chrystiareeland's her background, it has been quite a ride for her. joe: we should all be really excited. named theas been finance minister because, of course, she has a background in media, having been at reuters, the financial times. anyone of us three probably can be -- could be a g7 finance minister one day. how can we not be very excited about what this means for our career prospects? [laughter] caroline: i am seeing the next job opportunities come pouring in. meanwhile, let's see what she is doing on the ground, because she has been away from journalism and spending a lot of stimulus -- a lot of cash. stimulus in the picture compared to the u.s. with all the infighting. while canada get money faster? your perspective to the trusted confidant of justin trudeau. from a foreign perspective, what do she mean for actual stimulus to the canadian economy right now? essentiallyxt is that the previous finance minister who resigned last night resigned amid some divisions over policy. it is not abo

the country's deputy prime minister, chrystia freeland, called the us decision "absurd".ial action, after accusing british airways of naked greed, in forcing some cabin crew out of theirjobs. thousands of uk staff have received emails today telling them whether they're being made redundant, while most of those choosing to stay with ba will have to sign new contracts on lower pay. the airline says the changes are needed for its survival following the coronavirus pandemic. 0ur transport correspondent, tom burridge, has been speaking to some of those affected. ba is locked in a bitter battle with some of its staff, who now face a bleak new reality. how this is going to affect my family personally. that's what's keeping me up at night, is to be able to provide for them. and i simply didn't want to end my career at british airways like this. this cabin crew member wanted to hide his face. he fears ba could take action against him, but he wants his story heard. myself and my wife, we both fly. it's going to affect us both. we're going to have to sell our home. even if he keeps

the country's deputy prime minister, chrystia freeland, called the us decision ‘absurd'.is warning of a humanitarian disaster in lebanon, with widespread medicine and food shortages, after this week's explosion in the capital, beirut. 154 people are now known to have died in the blast and thousands more were injured. at least 300,000 people have been made homeless. 0ur middle east correspondent, quentin sommerville has this report. singing. the lebanese are used to taking matters into their own hands. singing their national anthem, they came from all over the country to clear up their capital. you've come all the way here to beirut? why? yes, for volunteering. to support all the people who are damaged and they are homeless right now. and meet the ladies of the tripoli cleaning squad, from just up the coast from beirut. they told me, "we remain united no matter how much "they try to separate us. "muslim, sunni, shia, druze, christian — "we're all one band." it seems like every second person in beirut is carrying either a shovel or a broom. there's a massive clear—up going

canada has named chrystia freeland as its new finance minister.stin trudeau's top aides the job of overseeing the nation's economic recovery. she has been one of trudeau's go to ministers for some of the governments's main issues, including renegotiating the north american free-trade pact. freeland is the first woman to hold this new position. the political crisis in mali has escalated. the president has resigned after being detained by the military. in a broadcast on state television, he says he felt he had no choice but to comply. it comes after weeks of protests that allege corruption and nepotism within the government. mali's neighbors have condemned the move, announcing sanctions. hong kong is clearing up after its most powerful storm so far this year. the typhoon disrupted business and travel and forced of the cancellation of morningstar trading in hong kong. it caused little damage. hong kong has now lowered its warning signal as the typhoon is moving away from the city and trading restarted in the afternoon session. global news 24 hours a

this situation is moving so fast that a week ago when i was meeting with chrystia freeland, i was talking about a counter cyclical stimulous in the gdp and i think we all agree it will be an order of magnitude larger. we'll do our part here in alberta and i'm confident the federal government will, as well, and i believe that -- i know they are working specifically on packages for the aviation and the energy sector recognising their unique vulnerability right now. >> do you have a followup, chris? >> there was no childcare benefit. so we just found out the federal package this morning at, i guess 9:00, and minister toews and his team are pouring through this to see where there are gaps. there was a significant enhancement of the canada child benefit here of $2 billion, as well as the gst credit and goes to a lot of low-income families with kids. so we'll go through that and see if more needs to be done. today was an initial package and we'll see if there are gaps to supplement in the days ahead. >> perhaps we're being kicked out. is that something you could pass legislation into? >> look,