outbound travel could be another issue, but we are discussing all of this year with jane sun, trip.com's ceo. always great to have you. we had you during a time when things looked positive. when it comes to the upcoming holiday season, what are your expectations for new year's and christmas? jane: after the golden week holiday, business is back to normal. we have seen the market stabilizing. we are preparing for the holiday season, christmas, the new year, and chinese new year. very exciting time. yvonne: what are bookings looking like? jane: so far, so good for domestic travel. not only have we recovered fully to the between 19 level, but we exceeded it -- fully to the 2019 level, but we exceeded it. we look at demand and supply side. on the demand side, it is already exceeding 2019's level, which indicates people would like to travel. on the supply side, we have two major hurdles. the first is the visa application time is quite long. for europe and americas. there are a couple of regions doing very well. the middle east, qatar offers free visa. and they also doubled the flight capacity

we caught up with the chief executive of travel agency trip dotcom — jane sun, to find out more aboutlook for next year. it is better to travel 10,000 miles then to read 10,000 books. certain regions recover much faster than the other ones, for example, the middle east are doing very well, qatar gives free visas, dubai gives visa upon arrival, saudi is visa upon arrival, saudi is visa application online and they also double fight capacity, so we bring lots of customers into the gcc countries. the second reason the region is doing well, they give pilots free visa, as well as a fight capacity is separation sufficient. singapore, the visa application is sufficient, the country is also very welcoming to report return customers, and fight because capacity is returning very rapidly. the area that lacks most fight capacity is north america. and, i think recently because we have already seen positive pick—up in fight capacity. so, in the summer, i think norway, switzerland, finland will get lots, iceland is also very popular. in the winter, australia, new zealand, this year will become very o

we have the trip.com ceo jane sun. kokou agbo this is bloomberg. ♪ what do you see on the horizon?rtainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. rishaad: that is food prices for the third month now, a big topic, the security of food. this is there fao, food and agriculture organization. current index well below its peak of march 2002. it has really been driven down by declines in sugars, cereals, meat. the outlier is berry. that index is rising. -- the outlier is dairy. that index is rising. we see milk powder prices increasing, especially from northeast asia's import demand. david: despite the overall decline on the aggregate level, you have several prices across the world. they remain hot spots. i mean, turkey is a good example. egypt, as well. that is according to the world bank based on the data available up

curious what you made of a cnbc report, hugh sun reporting layoffs of 10% in some departments as part of the recently announced restructuring program. i talked to janeago, wasn't ready to put a number on it, said that will come towards the fourth quarter. does this number make sense? does it make the stock attractive? >> i think it definitely helps. i think part of our concern is really heavy investment cycle in citi, updating technology, and part of the headwinds here is that they sold a lot of consumer assets to beef up capital right at the time where basel iii end game comes out which kind of offsets some of that benefit. i think that's been a near-term headwind. i think they talk about bending the curve on expenses. part of our concern is that just on legacy sales or in the core business? i think this helps us get more visibility that it will be on the core business not just asset sales. >> david, thank you very much for joining us on the call today. david conrad. >>> let's get a news update with our silvana henao. hi. >> carl, good morning. the secretary of state says the u.s. is working almost every single minute to make diplomatic progress in

glamorgan and buckingham in my own constituency to councillor jane austen, who is a big supporter of the jolly farmer pub in bramley , and indeed to the sunewspaper . so as well as newspaper. so as well as confirming our brexit pubs guarantee , which means the duty guarantee, which means the duty on a pint is always lower than in the shops. i have decided to freeze all alcohol duty until august 1st, next year. that means no increase in duty on been means no increase in duty on beer, cider , wine or spirits . beer, cider, wine or spirits. finally, pensioners the triple lock has helped lift 250,000 older people out of poverty since it was instituted by a conservative government in 2011. it's been a lifeline for many dunng it's been a lifeline for many during a period of high inflation. there have been reports that we would uprate it by a lower amount to smooth out the effect of high public sector bonuses in july. the effect of high public sector bonuses in july . but that would bonuses in july. but that would have been particularly difficult for 1 million pensioners, whose for1 million pensioners, whose only income is from the state. so ins