a great day for boeing at the opening of the dubai airshow. we'll have the latest deals from one of aviation�*s most exciting events. hello and welcome to asia business report. i'm monica miller. we begin with a meeting between the us presidentjoe biden and his indonesian counterpart, joko widodo. the two leaders are preparing for an asia pacific economic cooperation summit in san francisco. with the us and china locked in a battle for global economic dominance, plenty of countries are paying close attention to what it might mean for them. widodo�*s indonesia is no exception. from jakarta our asia business correspondent nick marsh, reports. this is a country on the move. super high—speed rail has come to indonesia. this was built by chinese engineers and financed with chinese loans. once upon a time indonesia's largest trading partner was the us. that train has left the station. now, it is china. they were given the nod to build this over america's ally and the master train makers, japan. this train is notjust the testament to chinese engineer

guy johnson joins us live from the airshow in dubai. walk us through how big of a deal day one is. guy: it could be the biggest day at an airshow in 10 years. that's significant. most of these orders will be wide-body jets as well, so the numbers could be quite substantial. potentially north of $100 billion worth of orders on day one. the first-order to kick things off is about to happen, we think tim clark at emirates is about to place a substantial order for boeing 777's in the next few minutes. he is the biggest customer for that program. it is a huge vote of confidence. those aircraft will replace his aging a380's. it's not going to stop there. we are expecting deals today with turkish airlines, airbus could land a significant order there. the vote of confidence these airlines are giving both boeing and airbus at the moment is substantial. they are signaling that they expect huge demand going forward from here. they want to secure their slots. they feel now is the moment to do it. there is a frenzy of ordering. it was the narrowbody's post-pandemic, it looks like we are moving i

and we go live to one of aviation�*s most exciting events — the dubai airshow — and talk to the ceo ofd airways. welcome to our look at the top business stories. i'm lukwesa burak. today, global markets will be watching the latest us inflation data for clues as to whether the federal reserve might move again on interest rates. inflation was 3.7% over the 12 months to september — which is the same rate recorded for august. while inflation has cooled significantly from last year, it remains higher than the 2% target. this month, the us central bank held its key interest rate at its current 22—year high as it seeks to stabilise price rises, which had recently reached near—record levels. joining me now is steven blitz, chief us economist, ts lombard. hello and welcome to the programme. hello and welcome to the programme-— hello and welcome to the - programme._ what are programme. thank you. what are ou programme. thank you. what are you expecting _ programme. thank you. what are you expecting later _ programme. thank you. what are you expecting later today? - programme. thank you. what are

jon: that was the boeing commercial airplanes ceo speaking at the dubai airshow and spreading optimismut talks for a 737 max order from china. in addition to that for what it is worth, $52 billion the list. value for the emirates. that includes upwards of 90 of its 777x model. 57 87's. shares benefiting on that news within the dow. also this idea of a freeze in china coming to an end based on some of the bloomberg reporting is another key factor driving the stock today. matt: a lot out from bloomberg news. the bottom line is there is a huge order for these 777's. i am excited to get away from these narrowbody cramped little a320's and 737s and get back into a big plane that feels more like a 747. let's discuss with julie johnson. she is in chicago. tell us about this order and if i put in an order for a 777 today, when am i i actually going to be able to take a livery of the plane? >> that i don't know. the plane is not in service yet. it has been run through the gauntlet i regulators in the u.s. and europe. hopefully it will start coming onto the market in 2025. so it is going to be a

haslinda: that was boeing commercial's ceo speaking at a dubai airshow discussing the company's prospectsnumber of orders from dubai, a 50 $2 billion commitment from emirates airlines. their shares jumped after emirates announced they would be buying more of the triple x models. meanwhile, boeing's biggest rival has confirmed an agreement in principle. airbus' ceo told us that consumers are expecting a rise in travel and demand is showing sustained strength. >> this year alone, there have been lots of orders of a particularly with us at airbus. before the airshow, during the airshow, there will be orders after the airshow, so it is not like an incredible peak all of a sudden. it is part of a phenomenon. >> it has been building for a while, though. this is the kind of moment in time where you can take stock and you are about to sign a huge order with turkish airlines. this feels like a moment in time. reflect on what is happening, and it feels like demand from the customer is still strong and demand within the industry is still strong. have watched what happens with the narrow bodies, and

dubai airshow is not just global, universal. there is a pavilion here dedicated to space. international stage, our country presented a model of a commercial module, as well as a russian orbital station. the development was presented by the energia rocket and space corporation at united roscosmos. a commercial module may include cabins for crew accommodation, panoramic all-round windows, a company cabin area for cosmonauts to relax, a cooking and eating area , as well as workplaces; this module, which we are now showing here as a mock-up, will allow our potential partners, to conduct unique research in polar orbit in conditions close to... space, while the level of micro-scale that we will achieve will allow us to develop production technologies in space. the commercial module of the russian orbital station can be launched into space in 2031. here is another sample, it was presented by the lavochkin research and production association. this is a frigate upper stage, one of the most reliable in the world. it can launch one or a group of satellites into different orbits within

manufacturers presented their products, and it’s not for nothing that the dubai air show salon aerospace dubai airshow is a pavilion that is dedicated to the costaloquet of the commercial module, as well as the russian orbital station. the development was presented by the energia rocket and space corporation at the joint stand of roscosmos. the commercial module may include cabins for crew accommodation, panoramic windows, a viewing area, and a company cabin area for relaxation. cosmonauts, a cooking and eating area, as well as workplaces, this module , which we are now showing here as a mock-up, will allow our potential partners to conduct unique research in polar orbit in conditions close to deep space, with a level of microgravity that we will achieve will allow us to develop technologies. and production in space. the commercial module of the russian orbital station can be launched into space in 2031. here's another example. it was presented by the nakfregat, one one of the most reliable in the world. it can launch one or a group of satellites into different orbits within a single launch with unmat

on the second day of the dubai airshow. many business negotiations are planned, the world's leading aviationght the best developments, we have brought exactly what our potential consumers are interested in, or those already consumers who were just waiting to see live the samples that will participate in the flight program, including the plane-76, and the helicopter k-52, this is a medical version of the il-769, of course, the main russian premiere, already on the first day of the exhibition, attracted enormous attention from potential buyers due to its capabilities, which have increased significantly as a result of modernization. new completely modernized ps90 engine, which allows you to increase gas lifting capacity and reduce fuel consumption, thereby increasing flight range. well, for example , i can say that the previous model transported 40 tons over a distance of 3,500. today 60 tons over a distance of 400 km. a real decoration the salon began with performances by russian knights. the su-35 and su-30 showed the public aerobatic maneuvers. there is a special interest in russian military

the emirates denis mantorov also heads russian delegation at the international aerospace salon dubai airshowompanies take part in it. one of the main domestic premieres will be the export modification of the heavy transport aircraft il-76. russia has not shown a car of this class at foreign exhibitions for almost 30 years. the aircraft has undergone a deep modernization and is equipped with the latest engines. for the first time , the updated k-32 firefighting helicopter will also be presented at a foreign air show. you will also be able to see other modern cars. in the combat reconnaissance and strike aircraft will take part in the flight program. helicopter k-52. israel now spends $260 million every day on military operations, reports bloomberg. the conflict has already cost tel aviv more than initially expected and created a huge burden on the state budget, with its deficit in october increasing more than seven times compared to the previous year. earlier, the local press wrote that, according to the most optimistic estimates, the current company will cost israel $51 billion, which is abo

plus, a great day for boeing at the opening of the dubai airshow.o asia business report. i'm monica miller. we begin with a meeting between the us presidentjoe biden and his indonesian counterpart, joko widodo. the two leaders are preparing for an asia pacific economic cooperation summit in san francisco. with the us and china locked in a battle for global economic dominance, plenty of countries are paying close attention to what it might mean for them.

a great day for boeing at the opening of the dubai airshow. report. i'm monica miller. we begin with a meeting between the us presidentjoe biden and his indonesian counterpart, joko widodo. the two leaders are preparing for an asia pacific economic cooperation summit in san francisco. with the us and china locked in a battle for global economic dominance, plenty of countries are paying close attention

at the dubai airshow, emirates placed an orderfor 90 boeing 777xjets in a deal worth $52 billion dollarstoum spoke to the bbc�*s sameer hashmi. he began by asking him about that new boeing order. we have a strategy of dubai called dubai 33. you know, and that requires a lot of muscles, a lot of infrastructure. and the aviation sector is actually part of it. so emirates grow as long as dubai is growing beside, you know, the market within the uae, the region. and that's why it gives us really the confidence to order so many aircraft. but one concern for the industry has been delays in terms of deliveries and meeting the timelines. that has been a challenge for both boeing and airbus. is that a concern that if there's a delay in delivery, it could disrupt your expansion plans? yes, it's a concern for us. i mean, when you think about ourfirst order of 7779, which we signed almost ten years back, we didn't receive yet one aircraft. it is a concern, but i hope, you know, i mean, of course, covid maybe played also a major role in supply chain and so on. but i think we must really see that the m

and we go live to one of aviation's most exciting events — the dubai airshow — and talk to the ceo of

bloomberg learned turkish airlines is planning to order 350 aircraft at dubai's airshow.one up emirates which is in the market for plans. if they do go through they could set a record last seen a decade ago when the rang in commitments on a single day. haidi: take a look at the scene being set in a week fraught with events. look at geopolitical with the leaders summit as well as all the earnings. this is a jump when it comes to trading. the dollar has been mixed ahead of that meeting. the australian dollar pretty unmoved. when it comes to the resetting of port operations after the cyberattack, we are seeing the greenback looking tight when it comes to trading. euro-dollar is holding steady but over the 151 level. it is at the point where we will be on watch for intervention that has not materialized. when it comes to dollar-yen that's the biggest we've seen. this is stemming a five day slide, the worst week since the june break from the three-week rally. dollar china on watch today depending on -- taking a look at the picture as we start trading on this asian trading week

going into the dubai airshow, that happens monday, tuesday, wednesday next week, we will see what theory looks like. you can see a little bit of a bumpy ride for airbus. let's talk about what comes up the next few days -- sorry, the next day. gdp under the u.k. is interesting. u.k. economy has all the better than anticipated. trying to figure out the data at the moment around the u.k. economy is a bigger challenge than everything else. but we are seeing inflation coming down. gdp has been more stable. is this a stagflation environment? allianz earnings as well. then we have numbers coming out of the luxury sector. the senior equity analyst to joining us to talk about the stocks, has a price target of 154 swiss francs. great to see you. the rest of the luxury sector has painted a reasonably cautious picture. is that what we get from richemont as well? >> i should think so, given that there generally quite bearish good but i would think that they should still continue to see deceleration in the developed market. however, chinese consumers should provide some offset that richemont is mor

at the dubai airshow they got 52 billion in new orders, 90 777xs, that is serious money.lar again? >> they are popular again. on an earnings basis they're going positive. on a free cash flow basis they're going positive. by this time next year you will look at maybe 4.7% free cash flow yield. that is pretty good in a 5% year. lauren: what about palo alto, you say it is must own stock? u.s. not getting it cheap. it is up 77% this year. >> it is not a cheap stock, network security which is not going away. one of those companies give you rarely an opportunity to get in. you're not getting much right now. those who bought in thursday after the report the night before maybe they got a 5% discount. i looked at the quarter. it was all about maybe 2% miss in billings, i think it is really about the sales cycle. they're focusing on one year deals that might give them better pricing a year from now rather than three-year deals with a discount. we bought into the name on friday. we don't have enough of it. we'll try to find another entry point to get more. lauren: fabulous security,

celestial novelties were recently presented as part of the international aerospace exhibition dubai airshow180 aircraft, including russian designs, the k32a-11m, the latest modernized one. version of a firefighting helicopter, as well as a heavy transport aircraft il-76-90a. the exhibition in the united arab emirates became the first in three decades where moscow showed a machine like this is nowhere without laser weapons, for example, a laser cannon installed on a ship is capable of accurately identifying targets and destroying enemy forces, including ship engines. however, not only in the states are puzzled by the issues of the latest weapons, for example, the german-american project with the xm-25 grenade. according to some reports, it was already tested in afghanistan, but the project was later cancelled. the uniqueness of the computerized grenade shells is that they have a built-in computing unit that calculates the time and distance set during programming explosion. scientific and technological progress does not always solve problems of improving life. unfortunately, he also took grea

haidi: the airbus cco speaking to guy johnson at the dubai airshow.ad, energy markets and focus in the run-up to cop 28 happening later this month. a look at the green hydrogen pushed next. this is bloomberg. ♪ hey, doc, if you had to choose, would you give yourself a root canal or run payroll? oh, run payroll. paying my team with gusto takes just a few clicks. they automatically file my taxes for me too. can i run payroll too? choose payroll without the pain. vonnie: john kerry speaking -- haidi: john kerry speaking last week in singapore. we are a couple of weeks away from cop 28 in dubai, world leaders will gather to discuss boosting investments to move toward net zero emissions. hydrogen needs a push to have a meaningful impact in reducing pollution. storage and transport are particular problems along with a significant gap between supply and demand. let's bring in our nef hydrogen analyst. what is the hydrogen market looking like? kathy: not particularly great. we are seeing manufacturers expanding factories and developers announcing new project

the second day of the dubai airshow is not just global, universal. nted by the energia rocket and space corporation; they are located at the joint roscosmos. the commercial module may include cabins for crew accommodation, panoramic all-round windows, a company cabin area for cosmonauts' rest, a food preparation and eating area, as well as workplaces. this module, which we are now showing here as a model , will allow our potential ... partners to conduct unique research in polar orbit in conditions close to deep space, while the level of microgravity that we will achieve will allow us to develop production technologies in space, here is another sample, it was presented by the lavochkin research and production association; it is a frigate upper stage, one of the most reliable in the world. it can launch one or a group of satellites into different orbits in a single launch with unmatched capability. during this time, we launched more than 117 launches using the frigate upper stage, and we lifted more than 850 spacecraft for various purposes into specifi

on tuesday, guests of the dubai airshow saw the capabilities of the k-52 helicopters.s at high speeds, and deep sliding with a negative pitch angle. alyona. and dmitry dunay, lead the united arab emirates. in kamchatka, volcanic activity gave way to seismic activity; almost immediately after the completion of the multi-day klyuchevsky eruption, residents of the peninsula felt serious underground vibrations. are these events related? alexandra ostrikova will tell you why the state of emergency is still in force in the area. since the spring of this year, volcanic activity has not allowed residents of the ulskomchatsky district to relax. during the sheveluch eruption in april on the radio. several hundred kilometers of adjacent territories, including villages, were covered with a huge amount of ash, the state of emergency lasted for a record three months, by the fall the situation had stabilized, and it was possible to almost completely eliminate the consequences of the ashfall. this has not happened during the time that i have been working here, even the eruption of the

on the second day of the dubai airshow, many business negotiations are planned, leading aviation concerns lainer attracted enormous attention from potential buyers, thanks to its capabilities... which have increased significantly as a result of modernization. new completely modernized ps-90 engines, which allow you to increase gas lifting capacity, reduce fuel consumption, thereby increasing flight range, well, for example, i can say that the previous model transported 40 tons over a distance of 3,500 km, today 60 tons over a distance of 4,000 km. the real highlight of the salon were the performances of russian knights; the su-35 and su-30 showed the public aerobatic maneuvers ; there is a special interest in russian military equipment here, since it showed its capabilities not only in tests, but in real combat conditions. we have a very large portfolio of orders, and we are gradually closing it, but here at ours, at this exhibition, we will also have a lot, as i already said, a lot of meetings and negotiations. firstly, we have a mutual relationship with our ministry of defense, and offi

tom keene from the dubai airshow, back to you. >> thank you so much. up today at 8:30, claudia. a beautiful day in new york. ♪ (adventurous music) ♪ ♪ ♪ be ready for any market with a liquid etf. get in and out with dia. tom: bloomberg surveillance, good morning. an eventful week coming up. we will get to the economic data in a moment. currencies, commodities, futures negative seven. the vix crescendos. amy was brilliant earlier on the oddities measured by things like the vix. lisa: you look under the hood, people are trying to pace. it is not just big tech. it is microsoft versus apple, trying to extend the nuances of the market that people are not willing to bet against. tom: 5.05 percent of the two year yield. we have a policy back up to a yield that describes maybe a fed meeting to come. lisa: looking at the expectation for cpi in about 24 hours. also we have not mentioned this but the new york fed's one-year inflation expectations. do any of these smaller indicators move the needle in the material way if they prove to be an outlier? tom: i got lec

we have learned turkish airlines bank 350 aircraft at the dubai annual airshow that would one up locals. we discuss also over 100 aircraft as they go through the dubai air show. last seen a decade ago when airlines rang in more than $100 billion in commitments in a single day. we should say there is a list of prices. you get a substantial discount if you order 350 of these planes. david: hopefully, let's stay on transport. you might've heard about this story in australia, operations at some of the largest works have resumed after the company faces a massive cyberattack coming into the beacon on friday, and forced mask luxuries and created a long backlog of containers ahead arguably of peak season. let's bring in our global business editor karen leigh. thank you for joining us. our things back to normal now? what do we know? >> getting updates that service as a resume debt ports across australia as of 9:00 a.m. after bp world was able to test key systems, and this will be a huge relief to people worried that this could last for weeks, that they could be running on a not full system for

airshow, where russia is represented by the largest ones. it's a velvet season for concluding space contracts. the international air show and russia and its traditional participant have started in dubaithe first time in 30 years, rostec presented a heavy transport aircraft abroad, this is the il-76 mmd-90a. this is a deeply modernized version of the il-76 aircraft. she succeeded. 1 a3 - helicopter for delivery to offshore drilling platforms for people and cargo, as well as for conducting search and rescue operations on the high seas, in dubai also the k-32a-11m is the world's first helicopter that can be used to extinguish fires in winter conditions, the sanitary version of the ansad light helicopter is extremely popular , it is equipped with medical various aspects, uh, here a little modernization has been done, it can be used both for extinguishing fires, ground, and for extinguishing with a water gun, ansad, medical, today