he now owns 11% of delta. warren after years of having , sworn off the industry, he had a saying, which i love. he said you guys are the chicago cubs of the business world. you not only had a bad decade, you had a bad century. >> [laughter] ed: we got our bad century out of the way. we are now in a place where we have really fixed the business. david: he changed his mind, because he used to say if a capitalist had been at kitty hawk seeing the wright brothers take off, he would've shot them down. because there was no profits made in the airline industry for 100 years when you compare the profits versus the losses. but that has changed a bit now. ed: it has changed. he wouldn't say that today. if you were to ask him. this year will be the fifth year in a row our profits have been in excess of $5 billion. david: and your revenues are what percentage in the united states, and what percent outside? lisa l: sheryl: -- ed: our revenue is about two thirds u.s., one third international. david: international, is that m

david: did you have the delta ceo logo? ed: i wore my delta colors loud and proud.$2 million for cancer research for children -- [applause] ed: thank you. i don't think i would be doing another one of those. i am still feeling the effects. david: i have not done a marathon. i would fly a marathon. i would fly 26 miles. [laughter] david: you have a pattern of meeting with employees fairly regularly. you call it the velvet program. can you explain what that is? ed: when we went through our hard times back in the bankruptcy era, we did not have a lot of cash. we didn't have anything. people were taking pay cuts. we decided the only way we would ever be successful again -- delta has a proud history -- was that we would have to reconnect with our people and get something to catch their attention. our people were downtrodden. years of pay cuts, job losses, and all the difficult things we remember from almost 20 years ago. so in downtown atlanta, there was an abandoned macy's building in downtown atlanta, and we decided to take out a couple of floors in this abandoned buil

hien it returns, airlines like delta do notnk the addition of dozens of max planes will have a major impact on air fares in the.s. delta which does not fly the max hopes the plane's return helps boeing get back to the business of developing new planes and technology. boeing focus ds on development and technology in the new frontiers of innovation that right now unfortunately they are paralyzed to be able to get after. >> ed bastion says delta would be interesting in buying boeing planes cplementing the ones it currently frys. doesn't have a need for the 737 max but perhaps a new boeine at some point in the future cld be a possibility for delta. phil lebeau, repo," atlanta. ss >> so would you get on a 737 max? that question part of a new

and offered $10 billion to buy delta.nd, for a company that's not anything, so everyone assumed, well, that's going to foregone conclusion. and the people of the company stood and they said it's not going to happen. we have a better idea. we have a better business plan. the creditors through the restructuring process to stay with delta. what happenedthat is you said to the employees and your colleagues, we'll give you 10% of the profits to the that more or less right? >> well, when we went through ae restructuring, people took lot of pay cuts. a lot of change. and we made a commitment to the employees then that, at that oint, once we became profitable, 15% of the profits would go back to the people day. we honor to this >> so how much of that produced, let's say, last year for the employees? paid $1.3 r we billion to our people in profit sharing. > does that mean your stock price would be higher if you didn't pay it or you have happier employees? >> i think our stock price would pay it. if we didn't >> is internet availab

-- mequon delta. this is about the time he came into sudac. notidea was that you could win a guerrilla war by dropping bombs from the air. you might kill some of the enemy, but you will alienate the people. you are there trying to help and they will turn against you. he was the main architect of the vietnam is asian pacification -- vietnamization pacification program. -- face-to-face, and to do that effectively, you need local soldiers to assist you. if the locals are properly led and equipped, they will do the job. this was the idea for the mobile advisory teams, that will be discussed by jim russo next. define pacification. that is a process of establishing or reestablishing effective local government within a political framework of a legitimate central government, and its constitution. it includes the provision of sustained incredible territory security and the involvement of the people, as well as the initiation of self-sustaining and expanding economic and social activities. as a second lieutenan

he now owns 11% of delta.n, after years of swearing off the industry, he said you guys are the chicago cubs of the business world. you not only had a bad decade, you had a bad century. [laughter] ed: we got our bad century out of the way. and we are now in a place where we have really fixed the business. david: you changed his mind, because he is to say, "if a capitalist had been at kitty hawk seeing the wright brothers take off, he would've shot them down." because there were no profits made in the airline industry for 100 years versus the profits now. but it has changed a bit now? ed: it has changed. he wouldn't say that today. this year will be the fifth year in a row our profits have been in excess of $5 billion. david: and your revenues our -- what percentage in the u.s., what percentage outside? ed: two thirds u.s., one third international. david: international, is that more profitable than u.s. generally because of the long flights? ed: it is the opposite. international is more difficult to get to. the

we did this to stay with delta. as a result, we stated. >> you said to the employees we will give you 10% of the profits. is that more or less correct? ed: when we went through the restructuring, people took a lot of pickups. there was a lot of change. we made a commitment to the employees at that point once we became profitable. 15% of the profits would go back to the people that we honored to this day. what ed: did ed: that produce last year for the employees? -- david: what did that produce last year for the employees? ed: $1.3 billion. i figure stock be lower if we did not pay it. david: is internet available on all of your plans? ed: almost. jetsmallest regional don't. i am a firm believer that we have to make wi-fi free. we are working toward that. youd: you are the ceo so present we have some influence. ed: i do. our service provider, i call them go-go, have made a lot of progress. they have gone from slow-go to go-go. -- pay forlay internet anywhere house. it is that planes don't have the technical capacity

the main causes for as are really the problems that are in the niger delta in nigeria. we're in the world we have 3 main things which are effectively an environment to operate from which is in large delta as an area that has a very very loose rule of law there's very little opportunity for those living. in terms of employment and education the number of the targets which all the that it may shipping lines of cultural by the time because coming into their own and gas industry or the main ships going past the cargo ships calling it quote imports an area so if you have these 3 factors and you are in the world you will get piracy and in niger at the moment it's off west africa it's a perfect storm so what is the main challenge in fighting this in the region. there are several challenges to it there's a lack of capability in monks' local navies there is certainly the will to combat a problem has certainly improved over the last few years as it's become a bigger problem that there is to the lack of capability most local navies that are have the funding. say western navies or

wetlands of nigeria inside a problematic his story we have read in the vaults creaks of the niger delta. this region is already struggling with or theft with arms trafficking kidnapping and in recent years another business has begun to florrie nigeria's course line has become a hotspot for maritime piracy and armed robbery at sea. and this is where pirates operate from a labyrinth of waterways but it's not only home to criminals per could be no lives near by the river he source of income he transports goods and people but he's careful since he was attacked by pirates and. creatures like. that. creates. the forest the armed men want to take the engine off his boat when they realized it wasn't good enough without him go they took his money instead from then on para could be nonstop through king after sunset we are very scared. when driving on the sea or in the river because you don't know when exactly the corpse so sometimes. if there are thank you on the way they can do away with all your money so piracy see in is a very big problem attacks by pirates is a problem worldwide but especiall

david: you travel on delta yourself, so you fly coach? ed: often.ind it more interesting back there. david: what about the legroom? ed: the legroom is fine. [laughter] ed: what you find when you're flying coach is that is more and you don't worry about legroom. that is where the real people are. david: let's talk about running an airline. to be honest, a lot of people say code to a good business school or work your way up to be a management expert, but you were trained as an accountant, but some people would say the best managers are not cpas. rapaccountants get a bad because they're all about the numbers, introverted, into their analysis. what you learn are the numbers of the language and vocabulary of business. david: wall street does not value airline companies as you say they should. why doesn't wall street value airlines as you think they should? ed: we are moving in that direction. we are still not there. our largest investor is warren buffett. after years of swearing off the industry, he said you guys are the chicago cubs of the business worl

by the account manager from delta dental. >> is it on? okay. you have a presentation that we will go through. it is really some information and updated stats regarding some of the programs we have implemented as of january first of 2019. so with the first item, we are actually going to talk about our dentist accreditation. there were some questions regarding how we go through that process and so we do credential all of our dentists in the network. before a dentist can be permitted to those networks to actually be listed as a provider we go through the credentialing and utilize the standards of the national committee of quality and assurance. and our common practice is that in order, we do have a unit within delta dental that is fully responsible for this credential process. so making sure we are continuing to do this on an annual basis. the credential process, we actually obtain a state license making sure that also the dentist has evidence of malpractice coverage. they also have to provide us with a drug enforcement administration certif

that plan was approved prior to the bay delta plan revisions. so everyone is agreement that the bay delta ecosystem, including the rivers that feed it, is in the state of ecological crisis. there are differences of opinion in what needs to happen. the bay delta water quality control plan was first approved in 1978. it was revised in 1995. and here we are 25 years later, still trying to update it. it's based on coequal goals of assuring water supply and restoring the bay delta ecosystem. and it was approved one year ago today was a 40 percent from february to june but a sliding scale. so the water board can require higher flows. they can only incentivize measures and they do that by having this range of goals met. so there's incentive for the water agencies to have effect of habitat restoration projects. so sfpuc water supply, 85 percent in an average year comes from the river. hesp hespy makes up one quarter of the water supply. a couple other water supplies, elenore and cherry that provide water for hydropower generation and to meet obligations

let's take delta first which i think pete owns and likes. >> pete owns, i don't. >> so delta has good guidance. they take this minority stake in wheels up. congrats to kenny diktor and the squad over at wheels up. but let's talk delta the stock what now for a favored name? >> if you take a look at the stock, it is like you live in a time warp. a year ago it was $56. they're trading on energy prices take a look at united which also had great numbers. it has come done off the high relative to the way things move. why i bought more boeing, it is going to launch but they agreed with southwest on what the penalties will be essentially. that is positive to me so but yet the stock is down so delta, i don't own it i own united they move together i think you could buy -- >> stock has been in up trend since the summer but that is wide the highs are high, the lows are low. so while it is trending higher for the last almost four full years now it is frustrating for both bulls and bears because it is a wide range. >> give me unusual activity. >> mlco. this is one now up over 18,000 contracts, janu

he now owns 11% of delta. off the industry, had a saying which i love -- he said you guys are the chicago , cubs of the business world. you not only had a bad decade, you had a bad century. [laughter] ed: so we got our bad century out of the way. and we are now in a place where we have really fixed the business. david: you changed his mind, because he used to say, "if a capitalist had been at kitty hawk seeing the wright brothers take off, he would've shot them down," because there were no profits made in the airline industry for 100 years when you compare the profits versus the losses. but it has changed a bit now? ed: it has changed. he wouldn't say that today. this year will be the fifth year in a row our profits have been in excess of $5 billion. david: and your revenues are -- what percentage in the u.s., what percentage outside? ed: two thirds u.s., one third international. david: international, is that more profitable than u.s. generally because of the longer flights? ed: no, no. generally it is just th

and they could further improve as delta, american andte u make further investments in their internationals. phil lebeau, "nightly business >>> and we're learning that boeing's chief engineer who led tthe boeing responsthe crashes is retiring. >>> last night we told you about thow transition of at google parent company alphabet. gaggle rcofoun sergei brin and larry page are stepping back. and currentooe ceo sundar pichai is also going to be become the parent -- the ceo of the parent company ahabet. and as deedra bosa reports the new boss faces list of challenges. >> it's the end of an era at one of tech's biggest and most successful companies. google cofounder larry page and sergey brin are hanng over the reins to engineer turned manager sundar pichai. pichai has been overseeing the core business ase goo ceo but now as alphabet ceo is he ready to take the company int the next decade? one that is fraught with more challenges and threats than ever? regulatory battles in the u.s. and europe are brewing. eue activism on the rise. and privacy practices are under fire. now pich is relatively unt

. >> caller: i'm actually calling about delta. >> delta >> caller: with delta, i've been holding it for while i have a large position in there. >> okay. >> caller: and i've had a good run, but they're kind of stuck in a range. >> yeah. >> caller: now with the 737 coming back into service some time in the near future some time, i don't know if the influx of all those planes coming back to service with the other carriers is going to put pressure on delta. >> let's talk -- the airlines are an okay group. they're very inexpensive the stock of delta is very inexpensive. the stock of apple is very inexpensive. i would rather own apple than delta, just top of mind because i still can't believe that someone took out the stock just today right on the eve of the agreement. all right. the tentative deal, let's talk about it for a second while i do this one trade deal with china can give a lift to a lot of stocks, even some surprising names. i'm giving you my lessons, kind of subliminal, like let's go out to the lobby and buy some 7-up remember, a lot of these are trades, not investments. i'm talki

delta coming together delta has of division dealt private jet together, largest on demand fleet in theo have wheelsup travel commercial. >> you have made it accessible for people who would not have wherewithal money to travel private to do so you make it affordable you can bring more people tell me how that is the price of flying private come down for people making it more accessible. >> something ed and i were excited about was exactly what you are describing democratization how do we make this bigger to me are people started 350 icht, focusing on flights left less than two hours in length, you can purchase a membership wheels up 17500 fling king air 46.59 an hour flying family six or seven that is cheap, so again that last mile opportunity, think about deltaa main line wheels up you can fly from new york to miami, hot wheels up in, is verya versa san francisco pop over to napa could never be done we are focusing on 80% flights in private that are less than two hours. >> convenience is beyond in other about ebb about accessible for people i know it i have done it you have done a great

has been targeted the nigerian navy is not there maritime security should start here in the niger delta before an attack happens tell us they want a thory tese to deploy more security to stop lawlessness in the creeks and to eradicate piracy altogether. india has a huge problem with garbage and how to get rid of it but a company in bangalore has found a way to convert garbage into bio gas so they help clean up the environment and earn some money. in the heart of bangalore garbage is festering everywhere this neighborhood is drowning in it the population has grown rapidly the infrastructure hasn't kept pace entrepreneurs. enough he's teamed up with chemistry teacher padmashree battleground to encourage residents to separate their trash. he collects it is real material it has to be well suited for his operating costs go up. this is nearly 100 percent. that needs to strip the floors in our language. but i would need this extremely good i mean this is now good enough for biogas gas is in demand all over india for things like cooking. carbon lights brand has managed to establish itself well

the areas where we're seeing some of the heaviest of rainfall around the delta and eventually out into the central valley. bay area itself looking at light to moderate showers let's zoom in on some of the spots that we're seeing some of our heavier rainfall 24 from berkeley on through or end a lafayette out a walnut creek watch out for some heavy rainfall out that direction right now. we're also seeing some pretty good shower activity in richmond and berkeley up to hercules itself. a little bit further south in the bay, the dumbarton bridge rainfalls picked up for you light to moderate showers milpitas on up to fremont as well as 6.80 on over to livermore heaviest rain though, as i mentioned is out into the delta so out towards discovery bay brett would over towards a mount diablo itself. that's where you're looking at some of those heaviest of showers currently falling. definitely an active morning. so just give yourself that extra time to get to work. we have rain falling all across the bay and we're going to be seeing some wet conditions even into the tail end of your morning commut

for delta dental self-funded plan, there is a $1.2 million increase in the trust fund balance. resulting from favorable claims experience. which is offset by the use of the stabilization reserve to subsidize the 2018 and 2019 rates. we have a $800,000 increase in the trust fund associated with kaiser due to three factors. the first is the impact of the pay calendars through the school district and college district. when you have fiscal year ending and there is still a contribution coming from the entities. and that's the -- it's just a timing factor. there is contractual provision governing the timing of the premium payments and also members are moving from active to retiree and from non-medicare to medicare status. there is $100,000 decrease in the trust fund balance associated with claims payments for flexible spending accounts exceeding the payroll deductions as a result of the timing and the reductions. it's the same sort of thing. when the fiscal year ends, there is -- it doesn't necessarily mean that -- that all the payroll deductions are actually done. there is some timi

maritime security should start here in the niger delta before an attack happens tell us they want to authorities to deploy more security to stop lawlessness and creeks and to eradicate piracy altogether. next up the golden globe nominations are out for next year's awards and netflix conquer at the top categories suggesting a new dominance by streaming services marriage story let the way with 6 nominations including best drama the stars of his depth of this divorce portrait scarlett johansen and adam driver are among the nominees there were 5 knots for the gangster epic the irishman and scorsese set work since then nominated for best director. was like the army. orders no easy feat because there is a really large they already know it's here and i still haven't finished watching it so great to have you here with this whole 4th season has kicked off let's talk about next netflix oh my goodness yeah commenting on domination i mean 3 of the 5 best films is the 1st time actually a marriage story and 2 pope's 1st time the netflix those have been nominated for the best film for the golden gl

has been targeted the nigerian navy is not there maritime security should start here in the niger delta before an attack happens from locals tell us they want to for e.t.s. to deploy more security to stop lawlessness in the creeks and to eradicate piracy altogether. now it has taken 100 days but the berlin zoo has finally revealed that twin pandas born in august are boys the cubs have been named and the one china has lent their parents to the zoo for 15 years the panda birth sparked a debate about germany's stance towards human rights in china and even a campaign to name the cubs hong and kong in support of the pro-democracy protests . i let's get a reminder now of our top story here in d.w. police in new zealand say 5 people have died in a volcano eruption at a popular tourist destination a number of people have been injured emergency services say they do not believe there are any more survivors on the i'm. coming up next on d. w. news asia after 6 months of mass protests in hong kong we'll see how volunteers keep the supplies flowing for activists. and the heated debate in india as la

has been targeted the nigerian navy is not there maritime security should start here in the niger delta before an attack happens tell us they want to thore to deploy more security to stop lawlessness in the creeks and to eradicate piracy altogether. well matched a 14 of the bundesliga is in the books now and joining me for the breakdown of the weekend is a limited tucky from your sports failure so let's start at the top merchant black box they beat last year's champions by. over the weekend are they the real deal if you can be fired munich and you've consistently stayed at the top of the table for the past 6 to 8 weeks i am surely think that you are in the eyes of many but that said things are still very tight at the top of the tate table. for example as we can see just has a narrow one point lead over night. but take a look at went by and nick as you know what in the nearly half the life scroll down a bit because there they are in place number 7 so they right now would be fighting for a european spot and there's also but going back to god what's so interesting is that at the start of t

maritime kidnappings now take place off nigeria our correspondent funny for char went to the niger delta to find out the scale of the problem and how it is affecting local residents. from the outside the beautiful wetlands of nigeria inside a problematic history we have it in the vast creeks of the niger delta. this region is already struggling with for theft with arms trafficking kidnapping and in recent years another business has begun to florrie nigeria's course line has become a hotspot for maritime piracy and armed robbery at sea. and this is where pirates operate from a labyrinth of waterways but it's not only home to criminals lives near by the river the source of income transports goods and people he's careful since he was attacked by pirates the new true critics like misplacing is when the. prince there in 5. forest the armed men wanted to take the engine of his boat when they realized it wasn't good enough they let him go they took his money instead from then on the parrot been stopped working after sunset we are very scared. when driving on the sea or in the river because you

has been targeted the nigerian navy is not there maritime security should start here in the niger delta before an attack happens tell us they want authorities to deploy more security to stop lawlessness in the creeks and to eradicate piracy altogether. you know you are reporting there germany's governing christian democrats have rejected calls but social democrat coalition partner to boost government spending s.p.d. also wants to raise germany's minimum wage and increase taxes for the rich social democrats have just held their annual party conference under a new leadership that is aiming to take the coalition to the left. money money money the topic on the last day of the s.p.d. conference and the one thing the party has been spending his time talking about financial policies more investment that's what the new party leaders are calling for and that's why they want the government in effect to take out a loan they want germany to get over its fear of loosening its purse strings a move. no business in this country or any country would consider letting a factory rot away just so that they