been filed against boeing several families of the kenyan victims are also planning to sue with european airlines and boeing in coming days and that those who are seeking closure in other ways each family of the victims of a few o.p.m. plane crash were given soil to bury but the current just decided not to they built this memorial and they hope that eventually they will have remains to barry. to the democratic republic of congo next for those living in this town of goma and the country's east life isn't always easy seeds with ethnic conflicts political tensions and the threat of the deadly disease but this isn't stopping one music from bringing together the best local talents to show what his city. even believes music can change the world the young activist is bringing together local musicians and going on in the east of the democratic republic of the congo his shows he creates shifts the spotlight on to the best that go has to offer. most with some john eyes on it for the dark side of goma but there is a lot to value here these positive side of goma that we want to present with no issue we want

been filed against boeing several families of the kenyan victims are also planning to sue with european airlines and boeing in coming days and those who are seeking closure in other ways each family of the victims of the g.o.p. and paying crash were given soil to bury but the current just decided not to they built this memorial and they hope that eventually they will have remains to bury. just a reminder of our top story this hour thousands of protesters in sudan remain camped outside military headquarters in the capital khartoum are calling for civilian government the day after the army ousted president bashir. you're watching d.w. news still to come right hailing service takes a step closer to what could be a one hundred billion dollar public offering but the admits it has no idea how to turn a profit. that are more coming up in business with chris cover. a city in ruins. symbol of a long conflict in the philippines between the muslim and the christian population . when i ask writers cokie congress city president to just response most. is not the kind of freedom that we want the philippines in

if european airlines jet was. from nairobi carrying one hundred fifty seven people from thirty five countries the products had reported difficulties with the aircraft they were granted were tied to the apple unable to retain control now according to a preliminary report from the ethiopian authorities the pilots followed boeing these guidelines we had from commercial airplane pilot keith wells and he said the pot it should always be able to override to moms from planes with might and systems . easily kicked in and the pilots were forced to fight against it that is as you say a terrifying concept we should always be able to override any electronic system software system protection system on the airplane that stability augmentation system was from the angle attacks answers the question that i would ask is why was it feeding that information to the system is there something wrong with the angle of attack sensors the way they were installed the way they were connected to the aircraft systems was their manufacturing def

the initial report into the european airlines crash.orce forced the jets nose down a few minutes after takeoff. this was due to a faulty sensor and it backed the pilots response. >> the crew followed procedures. the equipment provided by the manufacturer was not able to control the aircraft. >> erroneous activation of this function can add to what is already a high workload environment. it is our responsibility to illuminate this risk. we own it and we know how to do it. >> just getting some breaking news on all of this as well. 737 shows thathe it could worsen in the second quarter. what did this preliminary report uncover? >> there were similar things happening on the ethiopian airline crash as what happened five months ago. it should shed a bit more light on what caused the accident dimensionally. events, it is of not one factor. light andhed some .ill help some investors owing is expected to get some approval from the regulators. and itly if that happens gained a bit more credibility from the regulators, they can start installing an

into last month's fatal crash one hundred fifty seven passengers and crew died when the youth european airlines flight went down six minutes after takeoff from madison arbor behavior mohammed before. it's been almost a month since a boeing seven three seven took off from ethiopia capital addis ababa bound for nairobi it crashed six minutes later near the town of the shaft to killing all one hundred fifty seven people on board it appears transport minister has now released the first official findings of the investigation into the crash with says the pilots did everything that was recommended by boeing that major of fifty one of this investigation is to make sure that there is safety in that haitian sector it's not to blame someone it's not to get some sort of there are some things that we are going to do it as something very normal forming the procedures but of all the things that isn't of this report is going to have to ensure safety in the nation six the pilots reportedly struggle to control the plane's automatic anti stalling system which is meant to push the nose of the aircraft downwards if

been filed against boeing several families of the kenyan victims are also planning to sue with european airlines and boeing in coming days and those who are seeking closure in other ways each family of the victims of a few o.p.m. plane crash were given soil to bury but the current just decided not to they built this memorial and they hope that eventually they will have remains to barry. that's a put buddy job to scott's wando here now is it a mind at the top story that you're following for you on d w the main group of pro-democracy protesters in sudan has rejected the ministry constance pledge a full power transition within two years thousands of people gathered for friday a trance outside ministry headquarters in the capital khartoum a day off the president bashir bashir. and also recapping some breaking news coming in an earthquake that the magnitude seven point zero has struck on the only other interviews in honor of celebrities in the government has posted an urgent tsunami warning and asked some residents of the island to evacuate as soon as possible. the op next in good shape the program d

nationalists germany's far right the finns party in the danish people's party they hope their european airlines for people in nations with enough seats in the european parliament to give them a major say in how the continent is run salvini said marine le pen's national rally in france would also take part but she and the national sleep his opponent in hungary would need to be absent from the lot or the populace nationalist parties are currently divided between different political blocs in europe selvi needs lead to the pens nationalist national rally and the austrian freedom party that are all part of the europe of nations and freedom group they have to be or alternative for germany is part of the euro skeptic grouping europe freedom and direct democracy along with the u.k. independence party your is biggest national conservative forces opponents law and justice party which dominates the european conservatives and reformist group and if it is a party of hungary's prime minister viktor orban it's in the biggest but the center right european peoples party despite being suspended last month. noisi

for the rest of the european airlines, they are being dragged down by what is happening over at easyjetsly questioning whether they are being impacted by the same things that easyjet is. of course, we are also looking at a slowdown there which is squeezing prices and leaving some overcapacity. guy: thank you very much indeed. the easyjet with story, which is the stock of the hour. up next, back to brexit. mps in the house of commons behind me getting ready to debate a series of plan b's to theresa may's plan a. this is bloomberg. ♪ the biggest week in television is almost here. xfinity watchathon week. starting april 8th, enjoy free access to the best shows and movies from hbo, showtime, epix and more. what! whether it's more jaw droppers, standing o's upon standing o's or tv's biggest show stoppers. get more into what you're into. get ready to watch with xfinity x1 or the xfinity stream app. xfinity watchathon week. free starting april 8th. boop! ♪ guy: 30 minutes left in the european trading day. i'm westminster in london, guy johnson. vonnie: from new york, i'm vonnie quinn. this is

month followed correct procedure as recommended by boeing their preliminary report says the european airlines jet repeatedly nose dived as the pilots battled to control it the family of one of the victims of the disaster is now suing boeing for the crash comes as the u.s. aviation regulator says it's launching a new safety review of the now grounded boeing seven three seven max eight. united states house of representatives has approved a resolution to end all u.s. involvement in the saudi u.s. led war yemen thursday's vote marks the first time both chambers of congress have supported a war powers resolution a bill will now go to president donald trump who announced last month that he plans to veto it. the german chancellor angela merkel says the e.u. will work until the very last hour to avoid a no deal brics it is speaking in dublin not talks with the irish prime minister merkel said major efforts are underway to ensure an orderly solution to britain's exit from the block the u.k. is due to leave the e.u. in eight days but no agreed deal is in place. just to disrupt us and we want to do even

. >> with this negative sentiment and negative momentum we -- deirdre: one european airline said we'reb for having grounded. we bought your planes. we can't fly them. you have to help us out. so they're suing. >> you definitely will see a hit on the balance sheet and definitely expect some profit decline. deirdre: michelle what are you watching? s&p 500 down for the first day after a great seven-day run. for all the people who come to you for advice, say, oh, should i sell now, should i sell now after this nine 1/2 year bull market, what do you say? >> i would say it is entirely too soon. i look at the fundamentals. we're not overly valued. we're 16 1/2 times forward earnings. the average is 15.9. it says to me, one round, overvalued. low inflation with accommodating fed. all those point green lights towards a higher stock market. deirdre: when, what kind of signals are you looking for if any, you want to begin to tweak your opinion? >> i say valuations would definitely be one. in terms of valuation you need to make sure you're diversified because there is way better buying opportuniti

lufthansa cutting its growth plans last month against the backdrop of the european airline industry coming. bad weather and air traffic control strikes have cut into profits. that is your bloomberg business flash. back to you. lisa: thank you. netflix and ibm report after the bell today. the two giants could not be more different. on the other hand, netflix boasted, but blew through $2 billion in cash. ibm has been flat in revenue growth, but has $11.8 billion in free cash flow. walter todd, why would you pick ibm without any revenue growth? walter: let me preface this by saying disney is our largest holding, and i am the last person in the country that is not a netflix subscriber. with all of that being said, we just like the cash flow at the end of the day from ibm. we don't own either of these companies for our clients, but if i had to choose, we would go with the cash flow versus burning or borrowing money to buy content, which is what netflix is doing. with that cash flow that gives you optionality, we have seen the purchase of red hat start to increase revenue going forward. that is

airlines crash. officials saying they will release the 737 crash report this thursday from the european transport ministryat airline crashed in march, killing 157 people on board. there has been ongoing investigations about the boeing 737 max 8 and the faa as well. we are hearing you neoprene officials who have been sharing out the investigations into why the airline crashed, they will come out with a report on thursday. just yesterday we had news breaking from bloomberg that faulty 737s sensors of the lion air crash, from october, the same model of planes were tied to a u.s. repair shop. amanda: one of the questions is where the liability will fall. for boeing, it may actually be a good thing to get this report into the market. we are getting leaks from the report, including today, a suggestion that pilot error was not a factor, that the pilots did everything right. those kinds of weeks not helpful to the company. certainly not helpful in determining where liability lands. shery: in the meantime, boeing and the faa, and everyone involved is really getting investigated in question. joining us now for more

european powerhouse in logistics and freight forwarding. a swiss rivalbuy for $4.3 billion. at five u.s.tages airlines today are causing flight disruptions. ta, united, and alaska have been affected. southwest and delta safety problem is being resolved. today's shares of european discount airline following after being conned at the end of its outlook for the second half in a year. easyjet is seeing increasing softness in prices across europe , weighing macroeconomic uncertainty and unanswered questions about brexit. that is your bloomberg business flash. david: thanks so much. the british parliament gives it another go today with a series of votes scheduled in an effort to find some sort of consensus about how it will leave the european union. teresa rafael's bloomberg's opinion editor. if explained to me what is different today from what happened last week because they voted on the same proposals last week. what has changed over the weekend? reporter: the main thing that has changed is we are counting down towards april 12, the new cliff edge for a no deal brexit. the u.k. has until then to explain to the european union whether it wants a

european union. plus, which airlines did travelers vote as the best in the world?e the list, ig up on "fbn: a.m.." ♪ london calling through the far away town. ♪ war is declared. ♪ battle's come down. (♪light musical cords) your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. lauren: good tuesday morning to you. let's get you caught up on global market action. dow's three day winning streak is in jeopardy. u.s. stock market futures lower marginally. a positive sign for the strength of the global economy, higher oil prices, take a look at this. oil's up 48-cents, $62.07 a barrel. the ftse is higher by 30 points, half of 1%. the brexit situation, however, in the u.k. remains a mess, just 10 days before the nation is due to leave the e.u. we'll see if a plan is in place. in say sharks we'r asia we're ss in china, hong kong and south he korea. cheryl: the global story with china continues. first, let's talk about what's happening h

sweden and denmark have gone on strike today after wage talks broke down, prompting the airline to cancel domestic, europeanights will be cancelled, affecting more than 72,000 passengers. you are watching business live, our top story... the online retail giant amazon has posted a fourth successive quarter of record profit. lots of records there. let's look at how the markets are firing at the moment. slightly underwhelming. a bit ofa a bit of a holding pattern going on, as ranjit said, as we are expecting news on the world's biggest economy. from an upbeat us economy to the ongoing trade challenges for washington and beijing, it's been another busy week in news. our economics correspondent andrew walker is here to look at some of big stories that have been causing waves. let talk more about the us. —— let's talk more. we have had to be debated at —— are big data, what we expecting? intensive economic growth, the first estimate looks like it will not be much different from the previous quarter. —— in terms of economic growth. i have seen one suggestion suggesting slightly more than the previous quarter's 2.2

. >>> new details this morning on last month's deadly ethiopian airlines plane crash.prelinrepo hours ago by european authorities find the flight crew performed all procedures from boeing could not control the aircraft. it nosedived into the ground. all 157 people in word died. they say the boeing 37 mac eight had normal certification in the true was certified for flying the plane. the plane was turned on and off again. it remains grounded into a software update is put in place. >>> maryland and breed shouted down last night. this doesn't sounded off over plans to build a new navigation center in san francisco. the mayor wants to build the 200 bed center along the help homeless. last night they had a first glimpse of the 44,000 square- foot center might look like. as fpd promised four patrols a day, seven days a week to specifically look for loitering, drug use and tents. >> it has been very successful in all of the other navigation. the strategy will be playing close attention to what's happening around there. >> advocates say it is an urgently needed solution for the city's growing homelessness epi

from around the world the airline is a symbol also must multiplied and its europeans have called there for support behind. twenty one the teenage years left behind still trying to find my place trying to see where i fit in the whole picture and adult hood begins to take form i didn't cook occasionally but doesn't really want me do you want me to stay off my feet in two thousand and six south africa are revisits the children of apartheid for the third time and much has changed over the past fourteen years twenty one up south africa on al-jazeera. hello i'm down in jordan doha the quick reminder of the top stories here on al-jazeera algeria as president than aziz beautifully has resigned after twenty years in office for six weeks the eighty two year old has faced mass protests calling for him to step down his fourth term was due to end on april twenty eighth when news of the resignation led to celebrations across our geria in the capital are just crowds gathered in old town square where people have been protesting the past few weeks. so. if we are supposed to be content with the fall of

american that's to speak nothing of airlines that are even smaller also highly seasonal airlines if you think about european tour operators that have to make all their money in the summer and it's kind of all hands on deck the impact on them and their customers even greater so not a huge percentage of global flights but as this goes on it does continue to impact many airlines in creasing ways as that busy northern hemisphere summer approaches now the boeing c.e.o. has promised that when these grounded planes return to the sky and to quote him he says they will be among the safest planes ever to fly do you think passengers and the general public would feel that way what would it take for them to get that confidence back. i think it will take time look when those planes start flying there are going to be nervous flyers and i think it's true what plane has been more scrutinized then this one right and i personally would get on one using that logic but you can't blame people for being there vis and alternately with everything if this aircraft has been through yet it's just going to take a lot of saved departure

free parking also available to people flying to certain european cities on norwegian and assure's airlinethere are specific conditions to meet. the offer only runs between may and lo bar day. you can find all the details on our site. >> good luck. >> we got a 40s and 50. you can see the clearing taking place from north to south. way up in sonoma county while we still have 50s in san pablo bay. mid-50s into the south bay, so temperatures will drop a couple more degrees due to the lack of clouds. look at this no fog, as we expected the breezes chased away any chance of that tool to mild for mass transit. driving, we'll have a breeze, almost perpendicular out of the north. that's what's creating the small-craft advisory. it starts at 2:00. it starts at 8:00 south of the bay bridge. so a little tugging on the speerg wheel there. we start off total sunshine from then on. east bay valleys, we're in the 50s through 9:00. mid-60s at 11:00. upper 60s under a mostly sunny sky. you will be in total shun sunshine at 2:00 after starting off mostly cloudy in the mid-50s this morning. got a really long

from around the world the airline is a symbol multiplied and it's europeans. for support behind it. warnings from iran. revolutionary guard a terrorist organization. and then. leaders in hong kong.

airline has made the list despite the company's efforts to offset emissions. ryanair has made it to the top 10 of another list, and it's not in good company. the european commission has released its annual ranking of carbon emitters in the eu. ryanair shares the accolade with nine coal plants. with some 10 megatons released last year -- the budget airlines maintains that in terms of lights, their offer is s as green as it gets. >> ryanair is europe's cleanest and greenest airline. we had the lowest co2 emissions per kilometer traveled. >> the low-cost carrier has invested in fuel-efficient technology. it has even let customers donate to climate charities. their total emissions rose by 6.9%. onceeration of nonprofits political measures -- wants political measures. >> this trend will only continue until europe realizes this under regulated sector needs to be brought into line, starting with the tax on kerosene and the mandates to switch to zero fuel.ion jet >> plane emissions continue to soar. a headache for european politicians as they try to find the aviationween industry and their commitments to the paris deal. shn will give a press conference on apri

european. we've seen casualties come through across the airline space. i want to move to the other major story this morning. we have a print in standard chartered. they have announced their munificence to the market. first-quarter results, a buyback. this is what bill winters wanted to do. he wanted to reset the agenda for standard chartered. a pretax profit of $1.38 billion. what you are seeing is adjusted pretax profit of $1.38 billion. this is about the buyback. it had been flagged significantly in the best reports that the buyback is there. $1 billion. this is a bank that has gone through major settlement litigation on iran and trade sanctions. that is the performance of standard chartered carried santander has come out with their numbers. -- chartered. santander has come up with their numbers. penciledhe market had in 11.9%. technically it is a miss. of 1.80 4come beats billion. they are raising money. one man has the answer on the appetites, the cfo. he will join me later on in programming. stay tuned for that in under 30 minutes. i'll have the cfo

european travel stocks. travelers can now book for the key holiday season without fear of being stranded with a no deal. budget airliney jet which has 40% of exposure is on pace for its best day pacing the gains for european stock. this is a stock last month that hit a two year low amid fears of a no-deal brexit and then take a look at ryan air rally more than 5%. travel agency company tui one of the best performers. while the brexit threat was kicked down the world, today the italian budget watch dog warned of strong downside risks ahead echoing the comments yesterday when the ecb chief said recent figures confirmed slowing growth momentum. that certainly seems tonight narrative for now in europe. carl, sending it back to you. >> thank you very much. >>> let's get to sue herera and get a news update as well. >> good morning, everyone. here's what's happening at this hour. federal prosecutors say attorney michael avenatti has been charged in a 36 count federal indictment on fraud and tax evasion. charges in southern california, michael avenatti tweeting he will plead not guilty to those charges saying he looks forward

killed in ethiopia and airline crash see those you boeing the plane manufacturer for damages it's been barely a month since the boeing seven three seven marks present by european air crashed just after takeoff all one hundred fifty seven people on board died in the accident that is six kenyans when the plane the highest number from any one country sense of failure is being blamed for the crash some families feel justice is not yet i want to hit boeing where it hurts the most purse our correspondent in kenya brings us this report. sixty year old john kuranda lost five members of his family his wife his daughter and three grandchildren they were among the one hundred fifty seven people killed in last month's paean airlines crash the remaining members of the current gen family are yet to come to terms with the situation. yeah we are talking of a station probably you have not bought it any part of your loved ones it was a motorcycle and for a little come up with its momentum is a monument so you get to keeps meeting you. as he waits for the remains of his relatives current just keeping up to date with news regarding the crash he even has a hard copy of blowing see

european country is told to stop interfering. in tens of thousands of passengers are left stranded after pilots at a scandinavian airline walked offthe job. but are spain's governing socialists have picked up the most seats in sunday's elections but with nearly all of votes counted it looks like they won't have enough for an outright majority prime minister pedro sanchez his party are projected to win one hundred twenty three seats the conservative people's party which was ousted after a corruption scandal last year has sixty six their worst ever results. down out of the populist centrist party which has shifted to the right is projected to get fifty seven seats left wing populist party has forty two the far right vote. ochs party has twenty four seats poised to become the first far right group to enter parliament voter turnout was very high as well at seventy five percent zanu go reports now from madrid i think won the race but there's no certainty of forming a government yet the socialists triumphant in there when lacking an outright majority was tired of the spaniards have sent many messages today we have sent a message of what

the german airline blames rising fuel prices and over capacity in the european market for the fallen revenue it said it still expects to see margins of at least 6.5% for the year elsewhere net fees at improvement company hayes grew in its third quarter the recruitment firm highlighted more hiring in the u.k. and ireland despite fires over the u.k.'s exit from the european union. the outlook remains positive, but is mindful of macroeconomic risks. >>> in its profit update the company also said it expects growth merchandise volume and revenue growth in line with expectations for the year. you can see that that stock is up about 10% in trading. up about 58% in the last three months with that i'm very happy to bring in our guest for the show today. ben head of fund research. it's great to have you with us >> great to be here. >> let's start off by talking about -- the stock was up 10% today. many analysted thought they were going to register in operating loss in the quarter. they actually seem to be turning a dark corner here registering an operating profit. more generally what we're see

european companies to invest in europe and not to invest abroad. just give their chief economist i d d bath thank you so much for your time . now that irish budget airline ryan and now ranks among europe's top ten carbon emitters and it's the only non coal company on the list of the past five years the company's carbon emissions have risen by almost fifty percent ryanair transport some one hundred thirty million people a year most on short haul flights in the past c.e.o. michael in the area has described climate change concerns as quote complete and utter rubbish. while another major polluter of course is that car and cities around the world are struggling to cope with ever increasing traffic some cities like london or singapore are fighting back with congestion taxes charging drivers on in a city streets or during certain hours they've installed cameras to attract drivers license plates and it's helped them east traffic and reduce their carbon footprint . and the united states is also following suit new york has adopted the idea hoping to encourage commuters to switch from personal costs to public transport. a song about a bridge in new york but drivin

compete and that's what you're seeing you're seeing the europeans telling the americans ok now we the w t o has found the you to be subsidizing your airline so we're going to hit you with towers just like you're threatening us it looks like we're going to now have a tower of war between the united states and europe to be taking the headlines now that the war with the chinese is reaching a conclusion according to mr trump he needs i guess to have some war going on somewhere that he can tweet about and if the chinese one is over well then the one with your of can take it's place so this has been one big law at that drama and back this has been a fifteen year long battle between boeing and airbus and now these terrorist seem to be very aggressive and they seem to have come out of nowhere but the timing is actually strict very strategic because if the goal was to her boeing but i want take a very big financial head because they're still reeling from the loss that took grounding its entire seven thirty seven max fleet and this what even further cripple it is this a way of signaling an end game to this fifteen year long to spit. my fear is no i

from around the world the airline is a symbol also must fight and its europeans. support behind. twenty one the teenage years are left behind still trying to find a place trying to fit in to the whole picture and adult hood begins to take a good cook occasionally but doesn't really want me to you want me to stay off my feet in two thousand and six south africa revisits the children of apartheid for the third time and much has changed over the past fourteen years twenty one up south africa on al-jazeera. the opposition officially takes the lead in turkey's largest city after president wants party loses the capital ankara. you're watching al-jazeera live from a headquarters in doha i'm dead you know also i had still not satisfied algerians continue their demand for real reform even after the president reveals a change of guard and a brand new cabinet. and why the woman who pleaded guilty to involvement in the murder of kim jong un's profit rather will be freed from jail next month. the colombian doctor ensuring a dignified burgle to venezuelans dying destitute away from home. hello

airline's flights and affected 170,000 people over the weekend. fewer british holidaymakers have booked a summer holiday inside the european union this year amid continuingk. the travel firm says almost half of the holidays it sold up until the end of february were to non—eu destinations, up 10% on last year. despite this, the firm says spain is still its most popular destination. get in touch about that story, we wa nt to get in touch about that story, we want to hear from you, where you are travelling and why. the marvel movie series is becoming a serious money—maker. the latest avengers film smashed box office records taking $1.2 billion in its opening weekend. avengers: endgame earned $350 million alone in the us and canada, surpassing the $258 million mark held by marvel‘s infinity war last year. i saw that film at the weekend, it was really, really good. a pretty positive day for asian shares today — we had some strong us first quarter economic growth figures from friday and some strong chinese economic data today. that has moved the markets. busy week ahead aswlel for markets. us central bank meets this week and some more chinese data will give us

including rolls-royce, which is falling after two singapore airlines -- airplanes were grounded on engine issues. ♪ anna: welcome back to the european1 minutes into your trading day. not a bad session if you are in the u.k. market. up 0.3% on the ftse 100. in general, not going very far on the equity market. let us get some individual stocks on the move. henry has the story. anne-marie has the story. >> starting with rolls-royce. singapore airlines grounding two aircraft because of rolls-royce engines. competitioning some with amazon -- ahold is. air has been soaring this morning. a bit of positivity for it. murray, thank you -- anne-marie, thank you very much. after thelia, a dip rba has signaled a shift towards an easing bias. rates are rising. the central bank may win the rate cut race or cut rates first period that is why today we are asking the question on our blog, which developed market central-bank will cut rates first? andrew wilson, the ceo for amia and global head of fixed income with goldman sachs -- i will put that question to you. which went you expect to make one dost move -- which you expect to make the first move? a

european close on bloomberg markets. time to the bloomberg business flash. problems for jet engine maker rolls-royce. grounded airlines boeing 747s after finding blades and their engines declined faster than expected. rolls-royce has had this problem since 2016. the company says it will speed up development of replacement park. citigroup is buying a portfolio of mortgages from the british government. -- $6.4 billion. that is a major step toward the government offloading the assets from the peak of the financial crisis. that is your latest bloomberg business flash. guy, you have a special guest for us. wto has slashed its global trade projections for the next year citing rising tensions and tariffs. 03% has beenr 2019 downgraded from 3.7% is downgraded to its lowest level in three years. joining us is roberto azevedo, the wto director general. thank you so much for joining us on bloomberg. how much of this downgrade is down to the trade tactics of the president of the united states? clearly, a big portion of the downward trend is due to increased uncertainties in the market. those uncertain these are holding back inves

airline runs out of money yoffe does jet airways have a future. for the money looking for a route out of russia and into the european union appears to have found a crack in the banking system tens of billions of dollars has been laundered through mostly baltic nations swamping the outposts of nordic banks it's been an ongoing headache for european regulators and now a different issue entirely has raised the anxiety levels in european capitals russia plans to move the headquarters of its development bank to hungary we'll get into that in a moment but first let's get to grips with the scale of this money laundering problem and some of the numbers behind it around one trillion dollars has been moved out of russia over the last twenty five years by individuals and companies not all illicit but that's money that has not returned to the country other sources of the money include moldova and as a by john. the money has been moved via malta cyprus estonia latvia and lithuania in the biggest money laundering case two hundred thirty billion dollars was transferred through the dansko bank's estonian branch between two thousand and seven and twenty fifteen where

airline runs out of money off does jet airways have a future. on money looking for a route out of russia and into the european union appears to have found a crack in the banking system tens of billions of dollars has been laundered through mostly baltic nations swamping the outposts of nordic banks it's been an ongoing headache for european regulators and now a different issue entirely has raised the anxiety levels in european capitals russia plans to move the headquarters of its development bank to hungary we'll get into that in a moment but first let's get to grips with the scale of this money laundering problem and some of the numbers behind it around one trillion dollars has been moved out of russia over the last twenty five years by individuals and companies not all illicit but that's money that has not returned to the country other sources of the money include moldova and as a by john. the money has been moved via malta cyprus estonia latvia and lithuania in the biggest money laundering case two hundred thirty billion dollars was transferred through the dansko bank's estonian branch between two thousand and seven and twenty fifteen where

the european close is coming up at 11:30 a.m. wall street time. up, american airlinesthe pinch of high fuel costs andy 737 max groundings. more on that next. this is bloomberg. ♪ david: time now to look at three companies worth watching this morning. first of all, ford up nicely after a nice beat. i got to talk to the outgoing cfo yesterday specifically about europe, and asked him how far along they are on restructuring. >> there is so much more to come, so much more work, but also so much more of the basic redesign of the business. we are in very early stages there. much more to come. that is why if you look at those ebay charges, a good portion of that is largely to be in europe. carol: what a different tone. speaking of different tones, intel down about seven points i've percent -- about 7.5%. the company cutting its revenue outlook. what is interesting about this is these been looking at these semiconductor stocks that have gone on quite a tear, and we are worrying. there are chips in everything. what does it say about the overall economy if we start to see a comed

european elections it points to cost of accounts tweeting and retreating well above the average take this account opened in february two thousand and seventeen but has broadcast nearly fifty four thousand tweets also me of airline doesn't even seem to remember her name that could suggest that the account isn't only one person but is actually run by multiple people the study found that this could also be the case with many other accounts in the mac or in this sphere saying they're being used seven days a week from seven am until midnight did someone mention a troll factory. there are according to research is. over four and a half thousand accounts of this kind and they generated sixty eight percent at the retreats ahead of that meeting by luck republican marks top candidate this study described that as a demonstration of strength the goal being in the logic of pure propaganda the creation of a mass effect if we believe the research sparty is doing more than just clamping down on nasty social media content he's manipulating it for his so they show that even ski r.t. paris. donald trump the investigation into russian interference in the twenty sixteen presidential election describing it as an attempted coup agains

the first time the airline holding an all-hands meeting in new york, this according to an invitation that was obtained by cnbc and jetblue could add flights to london and other europeanany declining to confirm today's meeting but lots of eyes in the airline industry going to be focused on that. >>> and then, at&t this is pretty remarkable. they're denying a "financial times" report today that hbo europe's unit may be put up for sale john stankey, the ceo of the company's warner media unit, telling us -- and you don't see people come out this vociferously -- "there is no truth whatsoever to the "financial times" story saying at&t is or has considered selling hbo europe it's completely baseless and inaccurate hbo europe is a valuable asset for our growth plans in europe." he goes on to explain that normally they don't comment on things like this, but they clearly had had some kind of back-channel conversations and said this directly to the "financial times" yesterday and clearly are upset and frustrated by the fact that they ran the story anyway. >> i think what's interesting is he also said "has never," effectively has never had those talks. so, there is not a grain o

airline will begin offering flights to london starting in 2021. flights will take off from boston and new york. it also hinted at possibly more european you no longer have to add blue berries to your cheer roses because general mills is doing it for you. blublueberry cheerios on shelves this spring. cheryl: we have a lot more coming up on the show. congresswoman ilhan omar saying the september 11th terror attacks were when, quote, some people did some things. she'we'll have the backlash comg up. bernie sanders pushing hard for a medicaid for all program. we have a politician that his throwing his hat into the 2020 ring and he's not having of that socialist talk. you're watching "fbn: a.m.." ♪ limu emu & doug what do all these people have in common, limu? [ paper rustling ] exactly, nothing. they're completely different people, that's why they need customized car insurance from liberty mutual. they'll only pay for what they need! [ gargling ] [ coins hitting the desk ] yes, and they could save a ton. you've done it again, limu. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ 2,000 fence posts. 900 acres. 48 bales. a

the airline is holding an all hands meeting in new york, according to an invitation obtained by cnbc jetblue could add flights to london and other european cities from new york and boston hubs. the company has declined to confirm today's meeting. >>> stock two, shares of crown resorts, they are tumbling 9% in australia right now. this after wynn resorts backed out of takeover talks. wynn walked after details of its $7 billion offer became public and was leaked to an australian newspaper. >>> stock three levi's swinging to a profit in its first quarter as a publicly traded company ever it did rise 7% on strong growth in retail stores and the on-line business if you want to hear more, by the way, levi chip bergh will be on stock alley today. let's talk more about levis and the overall state of retail. joining us now is jan nichols. >> you may like the product. does that mean you have to like the stock? >> you don't have to like the sto stock. i thought today would be not much of an event on levis. >> they have not done much since the ipo. they're up and back. >> yeah, sure. as you dive in, before we move into other retail, what was the goo

it's automobiles or airlines, but here's the big question, what about agriculture or all those things that you put behind tariff and non-tariff i think the pressure on the europeanso pay a larger share of the burden for europe's defense and that is long overdue two, to open up their market more broadly to trade with the united states. and again, there's resistance to that, political resistance, especially with the approaching european parliamentary elections. >> it is multidimensional chess. developing some sympathy for our negotiators. chief neil ferguson, thank you for joining me appreciate it very much. that does it for "the exchange" today. thank you so much for tuning in. i'll join melissa for "power lunch" which begins right now. >>> i'll see you in a minute, kell melissa melis melissa lee here the best move for your money a year ago since mark zuckerberg appeared on capitol hill a crackdown on tech. one of the lawmakers backing that plan will join us exclusively. and how china could spark a commodity super cycle that could last more than a decade. "power lunch" starts right now >>> let's get a check on the markets at this hour three major averages with the

airline runs out of money does jet airways have a future. on money looking for a route out of russia and into the european union appears to have found a crack in the banking system tens of billions of dollars as. been laundered through mostly baltic nations swamping the outposts of nordic banks it's been an ongoing headache for european regulators and now a different issue entirely has raised the anxiety levels in european capitals russia plans to move the headquarters of its development bank to hungary we'll get into that in a moment but first let's get to grips with the scale of this money laundering problem and some of the numbers behind it around one trillion dollars has been moved out of russia over the last twenty five years by individuals and companies not all illicit but that's money that has not returned to the country other sources of the money include moldova and azerbaijan the money has been moved via malta cyprus estonia latvia and lithuania in the biggest money laundering case two hundred thirty billion dollars was transferred through the dansko banks estonian branch between two thousand and seven and twenty fifteen where did

we move on if europeans government has released its initial reports into the fatal crash of an aircraft last month one hundred fifty seven passengers and crew died when the ethiopian airlines flight went down six minutes after takeoff from a suburb well a moment the latest. it's been almost a month since the boeing seven three seven took off from ethiopia capital addis ababa bound for nairobi it crashed six minutes later near the town of the shaft to killing all one hundred fifty seven people on board it up is transport minister has now released the first official findings of the investigation into the crash with says the pilots did everything that was recommended by boeing that major objective of this investigation is to make sure that there is safety in the patients. it's not to blame someone it's not to get some sort of there are some things that we are going to do it as something very normal for in the procedures but of all the things to get results of these reports is going to have to ensure safety in the nation say. the pilots reportedly struggle to control the plane's automatic anti stalling system which is meant to push the nose of the aircraft downwards if it dete

european indexes. in asia overnight, markets continue to react in surge of oil prices as airline stocks in china see bign sky scrapers of new york. the mayor of new york city blasted that will obviously change the whole look of new york. the skyline. vacation time. millennials are spending more on vacations coming up this morning, first, president trump tweeting for the fifth time this morning, this time on the economy, he writes this in the old day if you were good on the economy, you were immune. today perhaps the greatest economy in history and mainstream media it means nothing but it will writes the president. meanwhile there's war on terror, covering this morning the sri lankan government warned about attacks by the united states as well as by india. they took no action, joining me right now fox news senior strategic analyst jack keane, general, thank you for joining us. >> good to see you, maria. maria: your reaction linking the two attacks. >> certainly the defense minister, i'm speculating, linkage to new zealand last march and that would be pattern that's connected to isis and al-qaeda in terms

european stocks lack direction at the open as gains made in the u.s. and asia fade following strong economic data stateside. >>> engine troubles for rolls royce. shares in the british company decline after a singapore airlinesround two boeing jets citing blade problems. >>> dutch retailer comes under pressure as amazon announces it will cut prices on hundreds of products at whole foods starting tomorrow >> yesterday we had the strong manufacturing phmi they're affected by stockpiling numbers. we had the u.k. construction pmi numbers coming in at 49.7 versus 49.5 in february this is slightly below the reuters poll of 49.8, but it has been officially below 50 now for two consecutive months for the first time since august 2016 construction really not seeing much of a boost there and, remember, yesterday's manufacturing number, though very high indeed, was somewhat -- well, influenced by the fact that there's so much stockpiling activity that is taking place you can see that sterling is trading on the back foot anyway going into this. we were trading weaker we were trading one--third of a percentage point ftse futures, can you see the u.k. index is still trading positive in line with that inverse correlation. t