but we have seen every time jetblue comes into the market, a phrase called the jetblue effect.mes into the market, fares stay low permanently. we saw it on jfk-lax back in 2014. fares are still half now and business class than they were pre-2014. that's seven years later. guy: i can't fly the other way. i can probably get an exemption to do so, but it is tough. when is that going to change? you can now fly into the u.k. from the united states. what about some reciprocity? robin: the opening up by the u.k. government was terrific from the data we saw announced, we saw daily new bookings triple between jfk and heathrow. so that was great. as a u.s.-based carrier, much of what we sell is going to be in the u.s. come is that was great for jetblue. the u.s. government should open a. there's not -- should open up. there's no reason not to. you can fly from countries that have much higher covid infection rates, but you can't come from countries in europe where infection rates are much lower. that is not a risk based approach. when it is going to open up, i couldn't tell you. it is som

what we have seen every time jetblue has come onto a market, there's a phrase called the jetblue effectetblue comes on the market, fares stay low permanently. we saw it on jfk-lax back in 2014. fares are still half now in business class than they were pre-2014, seven years later. guy: i can't fly the other way. when is that going to change? you can now fly into the u.k. from the united states. what about some reciprocity? robin: the opening up by the u.k. government was terrific. the day that was announced, we saw our daily new bookings triple between jfk and heathrow. so that was great. as a u.s.-based carrier, most of what we are going to sell is going to be in the u.s., so that was great for jetblue. the u.s. should open up. there is no reason not to. you can fly from countries that have much higher covid infection rates, but you can't come from countries in europe where infection rates are much lower. that is not a risk-based approach. when is it going to up? i couldn't tell you. it is something we other airlines continue a dialogue on with the administration. tom: by christmas --gu

jetblue lands at heathrow airport.e will hear from the airport's coo about whether or not jetblue will be able to make it a permanent home. and poland forces through a media law that could disrupt the largest tv network. a little bit of weakness stateside. still just positive in europe. the stoxx 600 up by 0.1%. the dollar is on the front foot. the cable rate slipping, 1.3834. kailey: the nasdaq 100 also session lows, now up about 0.2%. while we did see yields as much as -- -- because opec is pumping more in demand -- more and manned is waning. it is down just more than 0.6 percent, just below $69 a barrel. guy: i wish the markets would wake up and pay attention. kailey is clearly a little bit frustrated. [laughter] the lack of tele-duty -- of volatility surrounding a lot this substantial news. the u.k. maintaining its economic recovery in june. growth accelerated a little more than forecast. the u.k. chancellor of the exchequer rishi sunak speaking about the recovery. >> the fastest orderly growth in the group of g-7

jetblue launches a new direct route from london to new york, despite pandemic restrictions currentlynting brits entering the us. let's start in the united states, because after months of political wrangling the us senate has passed a $1 trillion infrastructure plan, intended to restore some of the ageing, often crumbling, transport systems across the us. the plan will see $110 billion being spent on roads, bridges and other major projects. the white house currently believes 115,000 bridges across the country are considered to be in poor condition. $73 billion will be spent on clean energy. president biden hopes the money will be spent on new power lines and rebuilding america's old electric grids. let's now get more details on the plan, the bbc�*s michelle fleury filed this report from new york. presidentjoe biden celebrated the passage of the infrastructure bill, describing it as a once in a generation investment in america. after ears investment in america. after years and — investment in america. after years and infrastructure, - investment in america. after years and infrastructu

every time jetblue has come onto a market, there is the jetblue affect that when it comes on the marketres stay low permanently. we saw that at lax. when we started in 2014, fares are still half in business class. >> i cannot fly the other way. i cannot get an exemption to be so but it is tough. you can fly into the u.k. from the united states but what about -- >> it was terrific. we saw our daily new bookings triple. that was great. the u.s.-based carrier. most of what we are going to sell will be in the u.s. so that was great for jetblue. the u.s. government should open up. there is no reason not to. you can fly for countries -- from countries that have much higher covid infection rates but you cannot come from countries in europe where infections are much lower. that is not a risk-based approach. when it is going to open up, i could not tell you. it is something we and the other airlines continue a dialogue on. by christmas but hopefully even sooner than that. it is really hard to predict how they are thinking about it. >> you flew here on a narrowbody and aircraft. normally, you fly

so we did add jetblue to our opportunistic portfolio.ustry has had a really challenging 18 months we like adding cyclical exposure at these levels, as i talked about earlier in this show in the most recent delta-driven way. jetblue is off 30% from its highs. their model has led the pentup travel demand. especially in north america where we're seeing a faster and resilient recovery and flow through to jetblue's top line growth which doubled in q2 and guidance from management was slightly ahead of expectations so we like it. it's only -- it's pretty attractive value 13 times next year's earnings and five times next year's cash. >> let me ask you this we're watching this stock down, i think that's 8%. i can't -- can you put that back up was it 8% this month yeah, 8% in a one-month period so you have to figure that the pick up in leisure travel was already in the stock maybe it's reacting to concern about the delta variant, but in part of your note today, you said that you expect business travel to return i think we all do. i think we have d

guy: jetblue will take out tonight. jfk to london heathrow. up with robert hayes first thing tomorrow morning, tomorrow at lunchtime. it will take quite a while to clear london and heathrow. we are also getting disney. my producer has been telling me about the new star wars hotel that sounds really cool but quite expensive, and doordash, u.s. ppi, u.k. gdp tomorrow, also a turkish rate decision. turkish central banks under pressure. alix: that wraps it up for me and diane television will stop coming up, george pataki -- that wraps it up for me and guy on television. coming up, george pataki, former new york governor. guy: we have the cable show coming up. we will be joining you on dab digital radio. this is bloomberg. ♪ in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicate

guy johnson will have a conversation with the chief executive jetblue.l speak to mario greco about the numbers, the pandemic, and climate change. this is bloomberg. ♪ and there you have it- woah. wireless on the most reliable network nationwide. wow. -big deal! ...we get unlimited for just 30 bucks. sweet, i get that too and mine has 5g included. that's cool, but ours save us serious clam-aroonies. relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. francine: welcome back to the open, 30 minutes into the european trading day. we have a headline out of ever grand. we understand it is getting a loan extension from several creditors that is giving it a little bit of a left. we move away from european equities because there is not much going on. if you look at the wider conversation, record highs on wall street yesterday. the big story is what is happening in china about regulation. asian shares were dropping as we tried to figure out what the latest annou

tom: jetblue celebrating jetblue 2lhr. our guy johnson holding court.ll see some of that on the reopening of the transatlantic corridor. craig moffett and michael nathanson pick up the pieces after the olympics. can we do a tangent on what is going on in washington? let me go to craig moffett on this. this is his wheelhouse. this is a story not told, we are on the edge of where there is a right to the internet versus a privilege of the internet. to meet is a subtle change. are we at the point with biden legislation that we will demand pristine internet coast-to-coast? craig: thank you for having us back on. always a pleasure to be here. i am not sure about that. that has been a push pull through the last five administrations. this question of is broadband a utility, should be treated as a utility versus the private sector has actually done a pretty good job bringing broadband to americans. that tension is appropriate. i do not think it will change. my take away from what is happening to washington is despite the fact that we have swung back to a democra

by that we're talking about spirit, we're also talking about frontier, jetblue. while jetblue does have a sizeable business contingent as well, let's see what happens with them. that's where you're noticing the falloff, melissa, in bookings when it comes to covid-19. people are reassessing do i want to take that trip with family? do i want to go where i'm supposed to go delta variant has made covid surge. >> there's the outstanding question of whether or not other leisure travelers will postpone. we've heard about postponements of back to office plans. >> sure. >> that doesn't bode well. people aren't going to the office, they're not going to hop on a planeto go anywhere >> that's a great point. we could see that to a certain extent business travel is so depressed relative to where it was in 2019 that even if there is a bit of a pull back, it really hasn't rebounded the way that the leisure market has we could see some impact there in that case you're talking about the deltas, the america's, the united, who have more business exposure than a spirit or a frontier.

jetblue flight arrived in heathrow yesterday afternoon.transatlantic travel more affordable and comfortable. robert hayes spoke with guy johnson after touching down in the u.k. >> we are going to keep the fares low. every time jetblue has come onto the market, fares stay low permanently. we saw it in jfk, lax. fares are still half now in business class than they were pre-2014. >> i cannot fly the other way. when is that going to change? you can flight into the u.k. from the u.s. but what about some reciprocity? >> the opening up by the u.k. government was terrific. we saw our daily bookings triple between jfk and heathrow on that day. as a u.s.-based carrier, i want to say that most of what we will sell will be in the u.s. which is great for jetblue. the u.s. government should open up. there is no reason not to. you can fly from countries that have much higher covid infection rates that you cannot come from countries in europe where infection rates are much lower. it is not a risk-based approach. when will it open up? i cannot tell you. >>

not quite as strong as the record shattering heat wave that impacted seattle and portland in late jetbluet temperatures into the 100's and even at 110 degrees, but 92 in seattle on thursday. 102 in portland. redding is going to get up to 110 degrees. friday gets even hotter for seattle. up to 9 # greece. still 102 in portland while redding cools down to 108 and 106 on sad saturday as the heat begins to subside in the pacific northwest. but they are in for it once again. so many houses in that part of the country don't have air conditioning and the overnight low temperature also be low as well. there is the monsoonal moisture. this is the satellite and radar simulation. so you're seeing the clouds and the satellite simulation. you're not seeing any blips of green indicating any showers, much lessingly thunderstorms that would give us that dry lightning potential. this is one version of one forecast model, our dry lightning threat is at zero late tonight into early tomorrow morning but remains very low. still a 5% chance any of the elevated storms develop where the rain evaporates but the l

why are we showing you jetblue there's an expectation, according to reports out of europe, that theu plans to cut nonessential travel. basically ban nonessential travel from the united states due to the surge in covid-19 cases. bottom line is this. the next couple of months we'll see demand fall back because, as covid-19 has surged we've seen an increase in cancellations and slowdown in bookings at least the next couple of months. brian, back to you >> phil, thank you >>> talk about it from a stock perspective. sarat, you own delta, united i get the international part of the story but anybody out there that's booked a flight knows they are not cheap i do wonder if the airlines, while maybe not taking as many people around the world, clearly, i wonder if they are making it up coach tickets are like 600 bucks between newark and chicago >> you're right in terms of ticket prices but the stocks have reflected some of this already. delta is down 25% in the last six months i think going forward what they are doing is they're just managing kind of the planes coming forward they can't get en

r>>eporter: jetblue flight attendkaant tione derdonk never thought she'edd ne tdeo liver a knkoocut punch on the job. >> it'tts geincrg azy out there lately, t'so is ttbeer to know at to do to nddefe oseurlves. ep>> rorter: fedaler air marshalsn ithis.a t.s. aitrning session teaching flight ewcrs how dtoisarunm rulyas psengers. >> youe havto get your hip to turn. >> reporter: it's abeen record- setting year, with nearly 3,900 deincintins their a. e sohwutest flight adattennt warus stck in the ..face. ye( llgin ) ..le.whi aro fntier airlines ewcr hado tstrap this m tano his seater aft aeglledly groping tw to ofhem. tha.e f.a.as h already annedounc more than $1 million in sfine this yeancr, ilungdi a $45,000pe nay ltfor a man whleo algeydl thw s hiluggage, gotth on e r,floo a pndut his head aup flhtig attendant'srt ski.>> ts hiis not like hianytng we've everee sn, iluncdingn i dathe ysft aer 9/11. r>>eporr:te the president of e thflight attenntdas' union says thest conanfit ghting over ma wskearing, whickeh mas tuphe bu othf e clashes, is dama.ging ak>> tina g huge toll ongh flit teatndants

i started looking up every phone number i could find of lost and found at jfk, lost and found for jetblueturned to her facebook group of other new york moms. shelby coleman saw the post just as she was landing at the same airport and in the same terminal. after a flurry of messages the blanket was in safe hands. >> what do you say? >> oh my goodness. >> a reunion that was also a teaching moment for the children. >> we thought it was really important for them to understand that a total stranger who had her own busy life, you know, stopped what she was doing and went out of her way to find something that we had lost that meant so much to piper. >> one small act of kindness -- >> thank you for finding my buddy. >> that a little girl is likely to remember forever. >> my buddy. >> cbs news new york. >>> coming up on "cbs this morning" an exclusive interview with brittany commisso who is speaking out for the first time since filing a criminal complaint against new york governor andrew cuomo alleging sexual harassment. >>> plus, we will meet a british couple who performed all 96 olympic events t

jetblue launches a new direct route from london to new york,

the state department spokesperson said this about the jetblue secretary kerry traveled commercially via world as special presidential envoy for climate but these flights raise questions how much his family is contributing to climate change, they even a lot more carbon. if you're going to be the climate czar, ditch the family jet. jillian: if you could be a fly on the wall at a crisis in center. carley: that sounds very dramatic unless you are kamala harris. a toxic work environment, it is not good. a group of top female democrats held this? to figure out a way to defend her and they came up with sexism as one of the strategies. many of us live through the, that impacted hillary clinton, it is settled but when things are going well for a male politician, not held to account the way a woman leader is. a lot of kamala harris's coverage on the view said it is sexist and racist. it's not about her. todd: they did it when hillary lost, when hillary ran. hillary's coverage was better. headlines for you, you fill in the rest. fake republican -- >> we are talking kids going back to school. a lot

the advantage of having a smaller plane like jetblue is offering is there are fewer seats to fill uphat makes it easier for an airline to plan as we go forward. fewer seats develop -- fewer seats to fill up means it is much easier to fill the planes up. alix: the conversation four months ago was if there is no summer these guys were toast. there is not really a summer and these guys are not toast. will ever need more money from governments or do you think they can live with this stay-at-home recovery, international travel opening a little bit? sid: what is key it to see what the yields have been this summer. while summer was delayed and we had some recovery towards the end of july and august, what the yields are is what will determine whether airlines need bailouts. a lot of airlines have been trying to fill up as many seats as possible to get flying going again. they will need cash to get things open. we will have to see if the third quarter level as to what the airlines will do as they go forward into the bleak winter months. francine: the bleak winter months. it is raining in lond

we will be speaking with the ceo of jetblue airways because they will be making their first foray intoatlantic service so they will have flights from new york to london despite the travel corridor not having fully opened. let's get to the first word news with annabelle droulers. hello, annabelle. annabelle: china has released a five-year blueprint calling for greater regulation of the economy, providing a sweeping framework for a broader crackdown on key industries. the document jointly issued by the state council and commonest party central committee says authorities have to actively work on new rules in areas including national security, technology, and monopolies. president biden is urging opec and its allies to unleash more oil onto global markets, stressing the importance of affordable energy is the world pushes towards using less fossil fuels. it comes today's after top climate scientists say carbon emissions should be cut as quickly as possible. hackers have returned a portion of the approximately $610 million of crypto they stole from a decentralized finance protocol network. i

guy: the iata chair is going to be starting to fly north atlantic next week with jetblue.he first of the services they are going to be doing. narrowbody aircraft across the atlantic. from jfk to heathrow, the u.k. is removing restrictions, but i still can't go the other way. do you thing i will be able to go the other way and join you at that agm in the beginning of october in boston? willie: yes, i believe so. i will certainly be there. of course, what you can see is demand for transatlantic slang has significantly increased, so while the u.s. is closed to europe and u.k., u.s. citizens can travel freely. i am actually quite glad that the eu and the u.k. have opened up and haven't demanded that the u.s. reciprocate. i think that will take a little bit of time come about a do believe we will get there. alix: talk to me about business travel. there's still a lot of confusion, but clearly people want to get back to the office and do stuff. what have you noticed in business travel pickup? willie: as we had commented a number of months ago, we expect business travel to recover

jetblue higher by more than 1% in the premarket. for the tech giant, its profit increased nearly 4% to $57 billion, that surpassed walmart and amazon. saudi aramco held the top spot for the last two years. those are some of your headlines from over here. back to you. dagen: thank you so much, cheryl. house republicans yesterday releasing a bombshell report on the origins of covid-19. the probe showing the virus did indeed leak from the wuhan institute of virology, something that we've been reporting, maria has been reporting on this program since the very beginning of the pandemic. congressman michael mccall who spearheaded the report aaccusing the communist party of china of participating in, quote, the greatest coverup in human history. the city of wuhan planning to test the population amid an uptick in covid cases. joining me now china beige book ceo leland miller. just initially, your reaction to this republican report on the leak from the wuhan virology institute. >> the report was up against sirius object take -- serious obsta

the aerospace company getting a 900 offer on -- putting pressure on -- jetblue's birthright from jfkthrow takes off tonight. let's show you what is happening. equity markets -- 474 is where we are. we continue to climb. the other piece of the puzzle i need to bring you as well

. >> jetblue's ceo calling on the u.s. to open up travel.be impacted by the spread of the delta variant. countries including japan and australia are facing the worst impacts so far from the virus spread. in the u.s., the fda has cleared the pfizer and moderna vaccines in the last hour or so as booster jabs for some people with weekend amused an -- weaker immune systems. what is the significance of this fda approval for booster shots? >> the people who are most likely to fall severely ill or die from coronavirus infection are those who don't have a strong immune system, who cannot work with the vaccine and th eir own a immunity to be the virus. the fda has said that group of people, people who have had an organ transplant or are fighting cancer, that they should get three doses of the vaccine. they are hoping it boosts their antibody levels so if they see the virus, they will have a better shot at beating it. this comes as other countries in the world don't have access to any vaccine at all. we are seeing an issue of any quality care across t

it is great for jetblue. the u.s. should open up. there is no reason not to.untries with more covid infection rates, but not where they are lower. when it is going to up -- open up, i could not tell you. we continue a dialogue with the administration. >> by christmas? >> hopefully sooner. i do not know. it is hard to predict how they are thinking about it. >> this is "bloomberg daybreak: middle east." our top stories -- china delivers a pmi shocker, adding to concerns of global recovery. they came in below the forecasted range. the last flight out. the u.s. officially ends its presence in afghanistan, ending two decades in the country. defense targets drop

we are speaking to jetblue executives within bloomberg experian's -- bloomberg this morning. there is 800 miles south of beijing, they are saying no way. jon: a city of 8 million people. lisa, i have been talking about the demand side of the problem. let's talk about the supply-side of the problem. china starting to tighten things up. lisa: the city tom mentioned is the world's largest port. it shut down yesterday and it turned ships away as a worker has to positive for covid-19. this morning, headlines saying they're banning all flights to and from beijing as a result of the delta variance. this really does raise a question how much do supply-side constraints continue and supply chain issues we have seen? how much does this slow growth any travel sense, as you mentioned with southwest? how much are we pricing this in already? jon: this is what i try to's down top of, we all have. many people thought the supply-side of the economy heal and some of the constraints would shake out. the question, are we about to see a second, smaller wave pump back through supply chains? lisa: t

. >>> jetblue is making either first push into european skies. on wednesday the u.s.line flew from jfk to heathrow for as little as $202 for a one way ticket. >>> instagram has unveiled a new feature to block racists and other offensive comments, it is called limits and it can filter direct messages and lock down an account when facing a flood of nasty comments. they wrote we hope the new features will protect people from seeing abusive content whether racist, sexist or any other type of abuse none of which have anyplace on instagram. let's hope it works. >>> that wraps this hour. "early start" is next. tony here from creditrepair.com taking to the streets to talk about credit. can you repair your credit yourself? yes. -great. how? uhhh... how long does credit repair take? i don't know, like 10 years. what? are you insane? what's a good credit score? go. 600. maybe if you're trying to pay thousands extra in interest rates. cut the confusion, get started with a free credit evaluation at creditrepair.com. >>> good morning. it is thursday, august 12, it is 5:00 a.m. here

we will talk more about that story certainly over the next few days a big jetblue event coming up midweekor airbus. but let's get back to the story alix was talking about, the return to the office recovery. we talked about it a few months ago. citi requiring vaccinations for employees returning to the office. how is this going to impact the economic trajectory? stephen king, hsbc senior economic advisor, joining us next. this is bloomberg. ♪ ♪ ♪ >> we can back to a hybrid environment after the fourth of july. now we are going back to working from merely from home. >> the hybrid way of working is here to stay. >> we are prepared to have the flexibility to allow people to work from home two to three days a week. >> we are not yet in a position where we are going to be pushing and encouraging more in office work. we will just have to take it day by day, week by week. >> two and a half days is a simple thing to say, but you have to make sure that these -- >> the new apollo, i think flexibility is the name of the game when it comes to us in our business. i think if we preach the mantra of flex

airlines also taking off united, delta, american, southwest, and jetblue all of them up more than 8% so far this week actually we're seeing delta right around 7.5%. let's go worldwide right now we have a look at the early trade in europe. >> hey, frank. the mood isn't that great in europe every one of the european indices is in the red. negative session after negative handover by the chinese equities not a pretty handover. the ft-se 100 is down .5%. a couple more companies warning about supply bottle necks. yesterday mcdonald's were saying they're putting a freeze on milk shakes, pun intended there, and one of the food retailers also warning about potential bottle necks. so that has been weighing on the names in that basket a tech analyst down .5%. all eye s on the flil situation there with the censor gaining steam in the polls we're also watching one name in particular today that is deutsche bank. and this is why. u.s. authorities are reportedly investigating deutsche bank's asset management for green washing the investing criteria now the paper cites documents from the sec where dw

jackie: instantly as if you think about the hurricane scenarios jetblue has been in the hot seat andve them in time but it seems like the spirit comments i been reading and hearing the people are angry this is beyond coming back. jackie: it's a hassle to fly that's an understatement and people are very forgiving during the pandemic because we were so excited to get out and about again and we felt bad for the workers and all of a sudden that changes at a certain point when it becomes where you don't like the way in airline is handling a certain issue i've taken one fight in the past year end a half and my flight was delayed because they didn't have the plane but i have to give a shout out to the airlines it was very clear the entire time, we do have a crew they were laying out all the issues and telling us exactly and i appreciated that. jackie: i want to switch gears this is another interesting story a growing number of hollywood stars are fleeing california for texas, are you surprised. >> california specifically l.a. was rough from a traffic perspective from the earthquakes to an o

jetblue is not letting delta dampen its first foray into the transatlantic service, the airline is launchingway ticket from jfk to me throw at as low -- heathrow as low at $212. pretty risky to do that as the delta variant surges. maria: all right, lauren, thanks very much. meanwhile, back in new york, new york governor in waiting kathy hochul vowing to clean house following the state attorney general's probe which found andrew cuomo sexually harassed at least 11 women, kathy hochul made her remarks, this is the first time she made remarks since cuomo's resignation yesterday. watch. >> i was not aware of any of the allegations whatsoever in the report. the report stands on its own. and i've been in this business long enough to know that it's not the purview of the new york state governor to dictate to the new york state assembly or the judiciary committee on what actions they should take next with respect to anything, particularly impeachment. maria: joining me now is former prosecutor and criminal defense attorney, randy zellen. thanks very much for being here this morning. we want to get a

i'm seeing a lot of open plays like the airlines, jetblue, a lot of these casinos starting to weakenrd to be a bearable market but some indication maybe that bull is starting to tire. jackie: of big concern is the delta variant and how that may impact the labor picture moving forward and the notion that perhaps we hit the peak growth and it is behind us now but the market still thinks there might be more coming so there's this catch up game. >> it is frustrating and difficult as an investor, government is playing a bit of this. a year and a half ago, it wasn't the virus, it was government response, you're getting that sense right now is investors are battling not just realities of the economy but of government worldwide in terms of not only regulation but potential to shutdown the economy if delta continues to rage in terms of investing right now. jackie: i'm digesting them with you guys and thinking 943,000 jobs, that tells me number one the states that got rid of the supplemental unemployment benefits urged people to get back to work, the second thing is do we need so much spending