resistance of doug parker and other u.s. ing the open skies agreement and restricting qatar flights in the u.s when i asked parker about the possible motivation. he said if that is their motivation it's misguided and ill conceived. all this is doing is strengthening our resolve to defend our airline which we will continue doing vigorously. shares were up yesterday and this morning earlier in the session they were moving higher as well. bottom line is this guys, now you see trading slightly negative now but the bottom line this is, doug parker is not fan of this move and it will be interesting to see whether or not qatar actually follows through with this. >> absolutely. thank you. >> joining us now on the phone on this story former american airlines ceo chairman bob crandall i don't know if you heard phil's report but if you were still in the pilot position in this airline would you react the same way that parker is >> yeah. i absolutely would, sarah. i'm baffled by the whole thing it makes no business sense as doug has point

. >>> doug parker says he is not happy with qatar airlines' plan to buy a 10% stake in the company. parker telling phil lebeau he found out about it yesterday parker telling cnbc's phil lebeau he found yesterday's offer confusing, adding why an airline we're aggressively fighting would want to take a stake makes no sense he wonders if the motivations were misguided and ill conceived. they have been fighting over policy in washington on whether qatar airlines can be here and whether they're dumping their product. >> he's been very outspoken. phil talked to us about this yesterday, but how he thinks they have an unfair advantage. he was asked if this was a situation to try to silence him. >> if you're in a tooth and nail fight with your competitor and you might lose, might as well buy their stock. >> is this -- >> aren't you hedging your bets that if they succeed, if your efforts fail, at least you'll ride -- i would go long you. >> you would go long me? >> you want to buy a piece of him? i would buy a piece of you >> thank you >> if my efforts fail to undercut you and hurt -- i would

keep in mind that doug parker has an extremely vocal critic of the persian gulf carriers.nge its stance. it says american airlines continuic to believe the president amend his administration will stand up for foreign governments to end massive carrier subsidies that threaten the aviation industry and threaten american jobs shares of american have moved higher, but get len met stress, doug parker may be the most vocal critic, and how it's her the u.s. carriers not only with their action to the middle east, as well as now their flights over to europe we haven't heard more other than this from the company, curies if we'll hear something regarding this investment from qatar >> the only thing i have heard not directly from parker, they don't know why i asked that question earlier, and the response is we don't know why, either. >> correct. >> the only thing they can speculate on qatar airways owns 20% of iag which controls british, and aer ling lingus maybe they just like to own large stakes in they global airlines let's play devil's advocate. is that really the best play for th

we want to get back to our guest host, doug parker. silent recently so i don't know where they stand but historically they've been against it, which is delta, which has made an argument that by privatizing it that the costs will go up rather than down. they said places have gone up 30%. do you think that will happen here >> we we did -- what we wear about is providing official air travel it takes like 40 minutes longer today to fly from dallas to philadelphia than it did 15 years ago. >> because you're oun the runways. >> the airlines are faster this kind of work, though, you need the ability to invest long term, something that's not going to pay for a while. >> you have studied the same things that delta studied. why won't it happen here you want lower prices, i imagine. i don't know if you want lower prices but i'm sure you want the world to be more efficient >> this is le about the we'll burn a lot less fuel >> we were talking about price earlier and united and all this stuff. he says about 35% of customers choosing today when they

doug parker, he's not mincing words.e's going after qatar even though qatar says, hey, let me buy a stake in you. >> should we deduce, then, that if the board was asked the question, they would say "no" beyond 4.75? >> yeah. we're not going to approve that purchase beyond -- that's my guess, is that they would say no beyond 4.75% one other thing to keep in mind, guys, is that doug parker has been vocal in saying that you can't let these guys muddy the water. there's a belief that this is what al baker, the ceo of qatar is doing he's trying to mud dy the water, that we believe in your airline so much, we're taking a position there. that's a feeling among some of the u.s. carriers. >> and it's even odd der because this is one nation that has been singled out by even other gulf nations. you just wonder what the ultimate strategy of qatar airways is going to be like you said, is it just that they like the investment or is there something more strategic here >> what's going to change? what else are they going to get out of it

in fact, doug parker plans to keep fighting qatar's expansion in the u.s.beau, "nightly business report," chicago. >>> staples may be going private and that's where we begin tonight's market focus. according to reuters, the retailer is in advance talks with sycamore partners regarding pa potential takeover that could be worth more than $6 billion. shares of staples rode to $9.20. consulting firm ak sen sure beat revenue expectations as the company saw solid demand for digital and cloud services. accenture raised earnings outlook for the year citing a smalling than expected impact from the dollar. swiss drugmaker novarta said its heart treatment reduce the risk of cardiovascular problems in people who previously experienced a heart attack. the drug is already approved to treat rare autoimmune diseases. the company says it plans to begin discussions with regulators to begin the approval process. novartis rose 4.5% to 8634. >>> cost cuts helped barnes and noble post a narrower than expected loss. revenue fell at the bookstore chain, but the results were still

doug parker said he is not particularly excited about the outreach.m where you sit, do you see any business merits to such investor from qatar? no, i don't. i am mystified. america has strongly opposed operations. all of the operations in the isdle east, all of which heavily subsidized by our government. i don't know if american's board is going to approve this, but doug parker has been perfectly fair. he says, look, at 10% holding is not going to modify how we run the airline in any way, shape, or form, and it's not going to modify our reaction to the operation of the subsidized airlines, which is draining traffic off our flights and the middleights and eastern carrier fell subsidized operations. why they want to do this is beyond me. maybe they think america is just a great investment, and in that respect, i suppose i agree with them. but i don't know why an airline would want to buy a minority stake of another airline. though, bob,nder under what circumstances would american airlines say, ok, we would let you buy up to a 10% stake? >> i suppose any

here's a couple of comments from doug parker on the issue of his reaction to qatar saying they wanted to own 10% of american. he said, "i found it confusing by the way, the first conversation was two weeks ago in cancun, mexico. i was a little bewildered why an airline we were aggressively fighting would want to take a stake in us. makes no sense." then the question of, well, is it the possibility qatar is trying to soften up america's resistance to the gulf carriers expanding in the united states on that point, doug parker says, "if that is their motivation, it is misguided and ill conceived all this is doing is strengthening our resolve to defend our airline, which we will continue doing vigorously." bottom line is this, melissa, doug parker is not saying if he's going to vote against qatar airlines taking a greater stake because it needs board approval. he's not going to indicate what he's going to do, but read between the lines, they don't want qatar airlines's investment in american airlines and they are going to be aggressive to continue to fight the open skies agreement and hav

you saw those comments from doug parker. they are pretty tough. a potential major shareholder.ood. american airlines does not attract -- want to attract a twitter thunderbolts from donald trump. it doesn't want to attract from its pilots union. growth.s benefiting from a we had some air traffic control privatization which is in the airlines wants. thos laptop and visa bans, are the same things that u.s. airlines want. >> coming up next on "with all due respect"," china has been pouring money into israel. we will take a look at where it has been going. this is bloomberg. ♪ >> welcome back to>> "best of bloomberg markets: middle east." chinese investment into israel has jumped tenfold over the past year to a record $16.5 billion. a lot of that is sewing into the countries buzzing internet sector. see even more'll interest coming from china to israel. to me, it is almost a marriage made in heaven. israel which is great in deep tech, has a very small market. has always been trying to export its technology to the u.s. and the ewest. uge home market and given the dominance of alibaba

phil lebeau had interesting comments about no love lost between doug parker and qatar.want to own 10% our airlines trade basically on revenue per seat mile, not on their actual value, which is stunning, given the money that they throw off and warren buffett knows that. he hated the airlines for a long time, but they're cash generators nothing wrong with making money away from oil and natural gas. >> you think that's all it is, or there's been -- as i said, doug parker has been outspoken about some of the benefits that the carriers in the middle east have, and somehow they say, all right, keep it up. >> you notice arab emirates, that airline, do they play fair? i don't know, but do you want to fly them yes. i think that's what doug is about. they want a level playing field. just like with china and steel, we don't have a level playing -- >> they're dead right. doug parker is dead right. >> can he say that and be as outspoken a trash a 10% owner of his company. does this buy his silence? i mean, it's pretty amazing. >> do you think that anything could buy doug's silence d

we have an interview for the american airlines chief executive doug parker.e to slide higher and the sometimes frosty relationship between airlines and customers.

trish: doug parker doesn't like this at all. >> right.sh: the ceo says he doesn't understand why they are trying to do it. is this in part because of rules that would prevent them? >> exactly. he knows as much as qatar wants to buy 10% of his airline, mayor shoulders will have to approve this at 5%. whole thing is april fool's in june. if this is april fool's we would be saying come on, this is not real but it is real. trish: as a passenger, as an airline passenger, do you think american would be reluctant if qatar did own 10% of american airlines? if you have a choice between american airlines, delta, all things being equal? >> sad as this is to say, trish, remember the whole united airlines thing when the korean doctor was thrown off the plane, all of sudden so bad for united? the stock went down 3%. it was back up the next week. at the end of the day people need a bargain. they want a bargain. flight travel is expensive. whether qatar owns 10% or not, if american is offering cheap fares you will go to american, i hate to say it. trish:

doug: dallas-fort worth. parker, thank you for joining us. we are awaiting comments from president trump at the white house on the apprenticeship and workforce of tomorrow initiative. will bring you his comments live. this is bloomberg. ♪ >> he continues his brave fight. it has been much more difficult than people even thought of the time. heis in some trouble, played is a great fighter and will be ok, we hope. i visited steve and his family the hospital last night. i reassured them the entire country is pulling for them, praying for them, and that we are here for them every single step of the way. and we meanarts, this in the truest sense, sends it to love. there are a lot of parts in this country and they are sending their love and support to the scalise family. steve and his own way may have brought unity to our long divided country. that had a very divided country for many years. madee a feeling that steve a great sacrifice, but they could be some unity the brought to our country. let's hope so. while at the hospital i also visited with s

10% stake in american airlines and that plan is running into some turbulence with american ceo doug parker happy about qatar's proposed investment adding that the unsolicited bid is puzzling and strange. qatar airways will seek to acquire nearly 5% in american and then add to it after getting approval from the company's board regulators. some u.s. and european carriers have accused qatar airways and other gulf airlines from benefiting of government ownership. qatar is denying those claims. lea: in asia, here is a look, nikkei higher by one tenth of 1%. the kospi also higher by 1 third of 1%. cheryl: european stocks and lea you were saying the one-year anniversary of brexit, whether he see if that goes through. the dax right now, all of those indices in the red, just by a fraction on each number. lea: taking a look at u.s. stock market futures ahead of the opening bell. dow futures higher by 5, nasdaq higher by 10. watching oil. cheryl: we shall see what the rest of the trading session on this friday has in store for you. right now oil 42.91, up 17 cents and gold up more than a little than

. >> corporate news on the radar american airlines ceo doug parker says he is not happy with qatar airwayslans to buy a 10% stake in the company parker telling cnbc's phil lebeau he found yesterday's offer confusing, adding why an airline we're aggressively fighting would want to take a stake makes no sense he wonders if the motivations were misguided and ill conceived. news sent american shares sharply higher in yesterday's session. >> one surprising thing on this story is that he wasn't aware of this coming through. particularly given they're part of the one-world alliance, american alliance, british airways, qatar airways and qantas, they share their schedules so you can book respective flights so you would think they would have a stronger allegiance not only did he not know about this investment and didn't like it, but he also seemed to say we are fierce rivals and fighting those sorts of sky alliance partners, i would have thought, had more conversations than that >> interesting to see how geopolitics is injected into corporate america in some way. >>> on the earnings front, shares of

the ceo, doug parker, ain't too happy about it. he told employees in an e-mail that american can't control who purchases its stock. and qatar would only $808 million worth if the deal goes through. the world's biggest airline has been at odds with qatar airways. claims the state-run company enjoys government subsidies and that allows it to expand in the u.s., hurting jobs. qatar denies this, but it's one reason u.s. carriers want the trump administration to review current aviation agreements. >>> with a mass exodus of top executives at uber, the company certainly is in the middle of a crisis. a rival ride-shring company, lyft, is saying, listen, don't gloat. the founder sending out a staff memo to its employees saying, "the faults of our competition don't do anything to deliver a better experience for our customers. uber has faced one p.r. crisis after another." this, though, has created an opportunity for lyft. it raised $600 million in funding this year and saw an uptick in new passenger signups. we've seen people talking about b

which is what you would figure the most vulnerable or most extended index we do have doug parker on forhour the ceo of american. did we used to not pay attention to what was going on i saw a 71-year-old guy getting thrown down -- >> we used to not have -- >> social media? i guess. every day it's like -- is that true in england, wilf? the customer is always right have you ever heard that >> definitely. but what's baffling to me being a brit moving to america, the service in most hospitality industries is outstanding apart from the airlines where it's the opposite >> it's a tough business it's tough you have to admit. you have to do things where -- i've seen people, i might have been one of the people at the ticket counter that says delayed or canceled? you can't do that. i can see how tough it is. >> of course it is tough, but, you know, customer should still always be right. any way, i look forward to that interview and much more on "squawk box" in nine minutes time >> great >>> still ahead on "worldwide exchange," thed digesting the fed decision, but a lot more could dictate what happe

american airlines ceo doug parker not happy about the prospect of qatar airways planning to buy a 10% stake in the company saying the approach is puts he -- puzzling and stra. steve a lot has to do with the feud going on with airlines in america an airlines in the middle east, asking how much the qatar government controls this airline. they deny it. but then again how can the airline have this much extra cash around to do this if the government isn't involved in the kingdom. what did you think? >> this gets into a whole diplomatic dispute between qatar and neighbors playing both sides of the fence. they support terrorists and we have major military base. this thing going after american airlines, american airlines in this case, is part of a bargaining tool to get some issues resolved by using your ipads on aircraft. melissa: you think it goes to that? i didn't even think about that angle. that's smart. >> i think it is all together. i think it will be resolved. but the meantime qatar is trying to say we've got cash. pay us respect. melissa: yeah. all right. carol, what do you think? >>

doug parker indicate to this approach by qatar airway the backdrop about the three u.s.ers complained. surprising. julia: great point. scarlet: we should mention, talked about this. the board needs to approve a of 10% of american by qatar. michael, qatar made clear it to build a position which it doesn't play a role in management and governs. does that sound credible to you? >> i think so. is not the first investment that qatar has made. in latam investments airway. which is large south american airlines. they have biggest stage in iag. entirely possible. they see a stake as being beneficial. reasons thatential american may not want to do this. some analyst noted today. are some tax implications, have. large stake could there are some losses that loss be jeopardizedd by such an investment by qatar. there are some real questions whether american will want to do this. thatcertainly feasible qatar may see some benefit in making a pass of stake. there any price which american will go, okay, you can get this. accept the investment? >> we talk about a global and an industry th

. >> american airlines ceo doug parker telling our phil lebeau, qatar airways plan to buy a 10% stake in the company is confusing, misguided and ill-conceived, especially if the plans involve favor to expand operations in the united states. we know you're on the united airlines board of directors. so you know the industry pretty well and the geopolitics are complicated. what's your take on this one >> well, big on the united board. i'm not really prepared to talk about how it affects, you know, either unite order american. but the geopolitics are very complicated. as you've seen over past two weeks, the other gulf states, meaning the uae which has two big airlines, the emirates, as well as other gulf states and saudi arabia have aligned against qatar and made demands on qatar in a very complicated middle east dance there thinking that qatar codeied up too much to iran and also they rejenltal gentleman zeier yacht network. so all of this is taking place where trump is supporting some -- personally supporting some of the gulf states and saudi arabia in their fight against qatar. but the

american airlines says they it did not solicit this offer, and its ceo, doug parker, is telling employeeshe company is quote, not particularly excited about the outreach. to purchase from this middle eastern airline to purchase american shares. earlier in june, saudi arabia, the u.a.e., bahrain closed their airspace to qatar after accusing them of supporting terrorism. the feeling that merger is not going to get very far in part because of all of that. >>> mike key will sell products directly to amazon -- nike. saying it can not afford to ignore the online giant. the apparel company rao fused to sell amazon fearing it would undermine its brand. it is rivals, adidas, under armour, both sell directly to amazon. >>> nancy pelosi to democrats we'll take back the house. their response, they better. 77-year-old is not going anywhere. >> my time something not about that singing my praises? why should i? i'm master legislator. i am strategic, politically astute leader. i am, my leadership is recognized by many around the country and that is why i'm able to attract the support that i do, which is

american ceo doug parker is not happy about it.an e-mail that american can't control who purchases its stock. qatar would own $808 million worth if the deal goes through. the world's biggest airline has been at odds with qatar airways. it claims the state-run company enjoys government subsidies and that allows it to expand in the u.s., hurting jobs. qatar denies this, but it's one reason u.s. carriers want the trump administration to review current aviation agreements. >>> it was a mass exodus of top executives at uber, the company is in the middle of a crisis. a rival ride-sharing company, lyft, is saying don't gloat. the founders of lyft sent out a memo saying this -- "the faults of our competition tonight do anything to deliver a better experience for our customers. uber has faced one p.r. crisis after another. that's wound up creating an opportunity for lyft. it's raised $600 million in funding this year and saw an uptick in new passenger signups. >> competition's good for all of us. i like both apps. fantastic. >> me, too. >>>

ofthat was doug parker, coo american airlines speaking with vonnie quinn. >> still ahead, the commodities in today's trading. from new york, this is bloomberg. ♪ scarlet: from bloomberg world headquarters in midtown manhattan, this is number markets. commodity markets are closing and let's begin with gold. metal is down at the lowest price in about three weeks as investors digest the fed announcement yesterday. data showed inflation missed estimates for a third straight month at least on the consumer level. gold will strengthen in the second half of this here. the forecast that prices will reach $1300 an ounce in 2018. earlier this year, no dice. is largelyo oil, wti lower after poking into the green, trading near a seven-month low as supplies cast doubt on opec plus his ability to reduce the global supply. i want to put the daily moves into context. this is 7347. 22% be exact. the white line there has put it in their market territory. precious metals and industrial metals in yellow, precious metals and purple doing much better, keeping their heads above water. the best performing his pre

well, the ceo of american airlines doug parker reportedly unhappy as government-owned qatar airways aimsto buy significant stake in his company all this reporting in wall street journal and qatar airways is trying to push for american market. that means buying about $808 million worth of stock in american airlines. there's the stock. the world's largest airline. market value roughly 24 billion, stock basically is flat going into friday trading, maria. and the federal reserve's stress test are making the case for easing bank rules, the fed saying the largest u.s. banks survive a hypothetical stress test and could continue lending after a deep recession. this does give ammunition to the trump administration. they want to crack down on regulations put in place after the financial crisis. financial sector, though, the stocks anyway looking good in the premarket. back to you. maria: bank of america best performer there. stress test, they've become easier. the banks are holding a lot of cash, kevin kelly. kevin: they are beating the requirements. the talk is about what they are going to do wit

doug parker said, quote, we aren't particularly excited about qatar's outreach.e find it puzzling given our extremely public stance on the illegal subsidies that qatar, emirates have all received over the years from their governments. bloomberg's mike stasso from atlanta. puzzling one way to put it because of the arguments that the persian gulf airliners have received unfair advantages. but also because the president just weeks ago had accused qatar of funding terrorism. mike: yeah. it's kind of puzzling all around. although recently some of the state department have called into question some of the moves by the other gulf nations including saudi arabia and united arab emirates asking them to explain why they have this embargo. so the state department at least has backed off a little bit. but yes. it is puzzling. because there has been some bad blood between american and all the u.s. airlines including delta and united. and qatar airways and two other middle eastern -- middle eastern airlines over concerns that the middle eastern airlines are flooding the u.s. wi

munoz ceo of united believes that so does doug parker ceo of american delta actually on the other sidef this. look, to some degree, yeah, it will get better, but there's wide range of disagreement about how much better it will get because, you know, on one hand you have these improvements more people than ever flying and so you're sort of running hard just to stay in place sometimes but, if they can get it right, yeah you know, this situation right now where you fly lots of extra miles for example to get to the same place because of old infrastructure, something they can do at least something about. >> seth, thank you >> thank you >>> let's take a check on the bio teches right now the etf that tracks the ibf taking hit reports of president trump preparing an executive order on drug prices. what could that mean for the pharma industry. th'sexn,k the ceo of allerge at nt. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expe

coming up on "bloomberg markets," an interview with american airline's chairman and ceo doug parker.is morning eastern time. from the world headquarters here in new york, this is bloomberg. ♪ emma: this is the hewlett-packard -- coming up on bloomberg markets, sebastien 10:30 a.m. eastern. now to your bloomberg business flash 10 amazon is one of the tech companies that has inquired about a possible takeover. according to people familiar with the matter, a deal could ave slack and is -- slack evaluation of $9 million. this was frank is significantly overvalued. he says he is willing to do what is needed to lower it. interventionrency or thomas jordan spoke to bloomberg tv. thomas: there are no specific limits. we do cost analysis, and as long as we are convinced we have to reflect monetary conditions through intervention, we are willing to do that. emma: the swiss national central bank announced they would keep interest rates unchanged at record steve mnuchin wants greater scrutiny of chinese investment in the u.s.. according to an administration official, he wants -- if they try to b

remember, doug parker, the ceo of american, has been extremely volk a.m.he persian gulf carriers getting government subsidies and adding flights to the u.s. and that ultimately hurting both the u.s. airlines and those jobs that are supported by u.s. airlines here in this country. they issued a statement today or he did to employees saying while anyone can purchase our shares on the open market, we aren't particularly excited about qatar's outreach and find it puzzling given our extreme public stance on the illegal subsidies, the subsidies being the ones that qatar and etihad and others receive from their governments. almost everybody you talk with in the airline industry and american airlines who have anything close to do with this including analysts, they are all scratching their heads saying not really sure what qatar is doing here because they won't be able to get beyond 4.75% likely, and they are going to be a passive investor who have are they trying to prove by taking a stake in a company that has a ceo who is very, very critical of them? >> okay. so

parker britwell go for the angels. and doug fister will make his red sox debut. the o-1.ch. an finish the ninth. the angels add insurance. to the bottom half of a 6-1 me ♪ ♪ ♪ ♪ (upbeat music) ♪ ♪ ♪ it's here! it's here! it's here! ♪ ♪ ♪ ♪ ♪ ♪ man: oooooh snap! every truck guy has their own way of conveying powerful. man 2: yeeah boy. man 3: kind of looks like a monster coming to eat ya. holy smokes. man 4: that is awesome. strong. you got the basic, and you got the beefy. man 6: i just think it looks mean. incredible. man 7: no way. i'm getting goosebumps. get 17% below msrp on all silverado 1500 lt pickups in stock. that's over $8,100 on this chevy silverado. find new roads at your local chevy dealer. at kfc, we choose toak y chicken sandwiches. not because it is easy... but because it is hard. we choose not only to launch kfc's new zinger sandwich and a $5 dollar fill up... but to take it to space. will it be easy? no. will it be hard? yes. we've already covered that.

doug wagner, am 600 on your radio dial for an cedar rapids, iowa. happy father's day, dad. >> dance, leland. glad to be in the program. leland: nice to have you as well. the parkerrom iowa, how is the president doing, what do they want to hear from him on wednesday? >> right now the president is doing a b. in iowa. there's issues with regard to immigration. one of the things i would have been home to the emigration read a few years back, so they are still looking for movement. >> you mean more aggressive enforcement or something else? >> most been on the wall, but in addition to that, you see more aggressive enforcement hearing about that all across the country. legislative action to reform immigration miss something critical. so far the president and his office have not put anything forward to this point. that is part of it. like the rest of the country, we are a divided state, pretty closely divided. a couple of the big things when you look at terry branstad as his new ambassador to china, there's a big focus on agriculture because we are the world's largest -- the country's largest corn state. trade is a huge issue in getting trade deals taking care of on an