lufthansa flies high as the german airline critics a travel recovery this year. speak to the ceo later this morning. tom: global stocks set to bright three weeks of losses. data out of the euro zone did nothing to push back on the idea that march is in the bag for the ecb with 50, and may with another 50, that is my call from barclays. bnp paribas these a terminal rate of 4%. strong services data out of spain, firmly expansionary territory. basic resources at the top of the list gaining 1.3%, three sectors in the red. across the benchmark, gains of .5%, yields coming off between one to two basis points, u.s. futures softer after the rally we saw yesterday. francine: citi will cut 1% of its workforce, with those in the investment banking division the most affected. the cuts come weeks after jp morgan cut hundreds of mortgage employees. >> we are seeing banks cutting back on headcount. >> when we embarked on our journey, we were 20,000 workforce across the region and said we would reduce by 1000 a year. and this year we will go up to 1500 to year as we simplify. >>

alix: what ecb rate kills lufthansa? i know i am being glib but what is it going to take to hurt the demand? benedikt: the view in the aviation industry, whether you speak to michael o'leary on the budget and or someone like carson score lufthansa, the view across the industry is that people will save on certain things. but what they won't save is on travel. that is something where people might take shorter trips. but they won't altogether cut out the travel equation. we had news from lufthansa about their new seeds, new business class, first class, premium economy. there is a lot of confidence that people will buy into them. leisure people and business people are upgrading and going into the expense of part of the cabin. people will have less money but they will spend it on the things they could not do for the past few years. alix: a 4% terminal rate from the ecb might not change that equation. thank you very much. more on a question of the day, forget the landing, our services taking off? laura cooper senior investment

lufthansa has the largest business in europe.s very likely now that the performance will be weaker this year than last year. we are not seeing sustainable performance of last year going forward. as interest rates have increased the company pension liabilities have decreased. pension liabilities already very low level. we think lufthansa has a good position but it's likely to perform in line with the sector going forward. alix: stock going -- guy: stock going softer. head of airlines and airports equity research, that was great. thank you very much indeed. tune in tomorrow we will have an interview with the lufthansa ceo who has just been reappointed to another five years at the helm of the airline. let's talk about where the equity markets have settled in europe. we pushed higher in the last couple of hours. these are the final numbers not much action in the auction. the ftse 100 finishing near session highs. 12 more to cover on the cable. we will be live on bloomberg, a broadcaster available. alix: just for two more days than th

lufthansa says seven passengers suffered minor injuries, and the aircraft was also damaged. and just hours before, this chaotic scene midflight aboard a spirit airlines plane from dallas headed to orlando. smoke filling the cabin as passengers and crew worked to extinguish a fire sparked by an external battery pack in an overhead bin. the crew putting that burning battery pack into a thermal fireproof box before the plane made an emergency landing in jacksonville. at least ten people required treatment. tonight, authorities say everyone is expected to be okay. and david, that's why it's so important to carry your batteries on with you. do not put them in checked luggage. david? >> all right, gio benitez tonight, thank you. >>> tonight, the pennsylvania man accused of trying to smuggle an explosive device onto a plane, he was in court today. he was seen on surveillance, as you'll remember last night here, arriving at an airport, pulling two suitcases. authorities say inside the lining of one of them was that device with two fuses and powder. this is the first image tonight of

that one those heading from austin, on a lufthansa flight to germany, that matthew mcconaughey's wife camilla's, on she said plunged 4000 feet, so is that happening more often,

and a lufthansa flight hitting severe turbulence it comes as a pennsylvania man appears in court accused of trying to bring an explosive on a plane. >>> the alleged plot to kill jewish officials in michigan. the state's attorney general now saying she was among the targets. >>> the house ethics committee officially launching an investigation into george santos. >>> the surprise meeting at the g20 what secretary of state tony blinken told his russian counterpart face the face >>> and harry smith on the doctor "inspiring america" by caring for the city's most vulnerable >> announcer: this is "nbc nightly news" with lester holt >> good evening. there is breaking news from south carolina where the verdict is in in the alex murdaugh double murder trial. the jury finding the once prominent attorney guilty on all counts in the shooting deaths of his wife and 22-year-old son at the family's property in 2021 jurors taking a few hours to reach the verdict after getting the case this afternoon. let's go to catie beck outside the courthouse in south carolina. what can you tell us >> reporter: after

lufthansa tells cbs news the flight experienced what is known as clear air turbulence, which can occurnomena or advanced warning. >> the fact that there was meal service going on on this plane would indicate to me, at least, that there must not have been much of an advanced warning. >> reporter: unexpected turbulence like that is precisely why it is so important to keep your seat belt on at all times, even when the sign is off. that passenger we talked to said the captain, upon landing, went to check on every passenger, seat by seat, and that, by the way, norah, included actor matthew mcconaughey and his wife, who were on that flight. >> norah: wow, what a nightmare for those on board. thank you. we are learning new details about what happened at that pennsylvania airport yesterday, when a man allegedly tried to bring explosives onto an allegiant airlines flight. an fbi agent says marc muffley admitted to stashing explosive powder, fuses, and a lighter into his checked luggage. prosecutors say muffley called his girlfriend to pick him up when he heard his name over the loudspeaker. muf

about 90 minutes after takeoff. >> lufthansa air airbus a 330 experiencing strategic turbulencer. >> reporter: while cruising over tennessee, the plane shook violently and dropped 200 feet. as a precaution, pilots landed outside washington, d.c. and dulles international. >> were you just fearing the worst? >> absolutely. i thought i was going to die. >> reporter: georgie was on the flight. >> everybody was silent. it was just trashed all over. a lot of food thrown around. it was really wild. >> reporter: 172 passengers and 12 crew members were on board. lufthansa tells cbs news the flight experienced what's known as clear air turbulence, which can occur without visible weather phenomena or advanced warning. >> the fact that there was meal service going on, on this plane would indicate to me, at least, that there must not have been much of an advance warning. >> reporter: unexpected turbulence like that is precisely why it's so important to keep your seat bet on at all times, even when the sign is off. that passenger we talked to said the captain, upon landing, went to check on every

several people had to go to hospitals in this germany-bound lufthansa flight.ergency landing near dulles airport. pete muntean has details for us. >> reporter: the faa is investigating this right now. german airline lufthansa flight 469 on its way from austin, texas, to frankfurt in germany. not long into the flight the plane was at 37,000 feet mere memphis, tennessee, when the crew reported severe turbulence. it came on suddenly and without warning. look at the images from onboard the plane taken by a passenger. the plane just thrashed. you can see all the debris in the aisle there. that airbus a-330, a 200-ton airplane. it just gives you an idea of how bad the toss-around was by the turb turbulence. food service was going on, glassware was thrown to the ceiling. one passenger badly hurt. this plane had to divert outside washington, d.c. where first responders met the plane at the gate. seven people according to airport officials taken to local hospitals. this is not all that unlike another incident with turbulence that happened on a hawaiian airlines flight.

una nota dirigida al futbolista >> error abordó siete pasajeros resultaron heridos en un avión de lufthansaa de turbulencias otro avión (...) también tuvo que aterrizar de emergencia por un incendio en la cabina >> hoy es el día mundial del bienestar mental de adolescentes una nueva campaña busca motivar la comunicación entre padres e hijos >> billboard ; en rinde homenaje a las mujeres se le entregó un reggaetonero (...) >> qué bueno que nos acompaña ya se ha revelado que fueron más de 60 los disparos que hicieron los militares mexicanos para acabar con la vida de cinco jóvenes esto en nuevo laredo y dejar a un sexto herido de la caminata en la que iba no se encontró nada ilícito ni armas ni drogas vamos con isa osorio >> los resultados de los estudios forenses que se le realizaron a las cinco víctimas de la masacre de nuevo laredo tamaulipas arrojaron que se dispararon demasiadas veces hacia los jóvenes y que el ejército mismo dijo que los muchachos no estaban armados >> solo uno de los cuerpos tenía 12 heridas de bala en la cabeza destruida los estudios forenses dijeron que los cinco jóv

so walk us through what happened on the lufthansa flight? >> what is interesting is that it happened during the clear air according to the airline, and clear air turbulence, when they having columns of wind air sheer m -- shear meaning that the pilots can not see it. so when they got the tennessee, 90 minutes into the flight, the crew reported severe turbulence, and the passengers tell us that on board the flight, that they were able to see the airplane just get thrashed and trashed by this turbulence including causing the plates to go up to the ceiling, and passengers in some cases go up to the ceiling, and one passenger hurt, and seven total passengers were transported to the hospital after it was rerouted to dulles international. and this is a biggest problem, and the top cause of incidents aboard the commercial airliners and not only this incident, but in december an incident on a hawaiian flight as that flight was descending into honolulu and 25 people on that flight was hurt. and so this is happening again and again, and lufthansa is a

several people were injured when the lufthansa flight from austin to germany hit turbulence. the pilots, then making an emergency landing outside of washington, d c. a. b cs, derek dennis has more this morning. a midair scare for luton. so flight 4 69 from austin, texas, to frankfurt , germany, diverted to dulles airport outside washington due to extreme turbulence. passengers describing items tossed all over the cabin, including food trays. it was kind of like you're in slow motion that you just see everything like like in a movie where you just see everything lift. and then i was all of a sudden it just comes right back down a 3 30 experience extreme turbulence. the faa says the flight landed without incident, adding the crew reported encountering severe turbulence at 37,000 ft. altitude over tennessee. seven passengers were taken to local hospitals, many more shaken up. approximately 10 patients have been triaged. in the process of either painting refusals and we're hitting folks transported to hospital. shortly it's the latest in a series of recent airline incidents. medi

a lufthansa on its way from to texas from germany, met with turbulence, seven people were sent to theight thrashing came without warning, lufthansa 469 was en route to frankford from austin texases, federal investigators say as it threw over tennessee at a the crew encountered severe turbulence, result like unexpectedly free falling five seconds off the top of a roller coaster, plates and glassware were up at the ceiling. >> about 60 miles east of memphis reporting severe, plus or minus 400. >> the flight diverted to washington dulles international airport outside where first responders met the flight at the game, in all, seven people were taken to nearby hospital >> significant concern. >> jennifer said this solicit incident of 74 turbulence aboard a commercial airliner, in december, 25 people were injured when this hawaiian airlines flight encountered turbulence on decent into honolulu >> it's most common issue experience on airliners and it can be very dangerous, especially if not belted in >> lufthansa attributes incident to clear air turbulence, the faa said it curse without visu

lufthansa flight 469 flight and from austin, texas, to frankfurt and nerve germany wednesday eveningminutes after takeoff. >> experiencing extreme turbulence. >> reporter: while cruising over tennessee, the plane shook violently and dropped 200 feet. as a precaution, pilots landed outside washington, d.c., a dulles international. where you just fearing the worst? >> absolutely, i thought i was going to die. >> reporter: george nazaruk was on the flight. >> everyone was silent, trashed all overcome a lot of food flowing around, it was really wild. >> reporter: 172 passengers and 12 crew members were on board. lufthansa tell cbs news the flight experience what is known as clear air turbulence, which can occur without visible weather phenomena or advanced warning. >> the fact that there was meal service going on on this plane would indicate to me, at least, that there must not have been much of an advanced warning. >> reporter: unexpected turbulence like that is precisely what is so important to keep your seat belt on at all times, even when the sign is off. that passenger we talked to

not long after lufthansa flight for 69 had taken off from -- at least seven people on board were badlying at an airport in alexandria, virginia. cnn's pete wanting reports on the dramatic scare in the sky. >> the in-flight thrashing came on without warning, wednesday night german airline lufthansa flight for 69 was in route to frankfort, from austin texas, federal investigators say as the flight flew over tennessee at an altitude of 37,000 feet, the crew reported in countering severe turbulence, the result, according to passengers, like unexpectedly free falling for five seconds of the top of a rollercoaster, planes and glassware were up at the ceiling. >> and about 3:30 -- four reported severe -- 70 -- >> the flight diverted to washington dulles international airport outside d.c. where first responders met in the flight at the gate. the airport says, in all, seven people were taken to nearby hospitals. >> it is a significant concern. >> national transportation safety board chair jennifer homendy says, this is the latest incident of severe turbulence on board a commercial airline. in d

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the region. germany's leading airline has unveiled its new 1st class suite beginning next year. lufthansa passengers will enjoy large video screens and wide seats that can be turned into flat beds. as part of the 2 and a half 1000000000 euro investment, the carrier is also revamping its business and economy. class cabins well surging energy prices over the last year are pushing more countries to get serious about shifting to renewables. but with constant power cuts and the economy and shambles for a country like pakistan, the green transition is easier said than done with crumbling infrastructure decades old power lines, massive blackouts, and high electricity prices. this is life for millions and pakistan, especially in rural areas. businesses are hardly better off 9 hours of power cuts daily and it is much more expensive. now if it was 400, it is now 2000 rupees loc as us entity sector heavily relies on fossil fuel. 64 percent of it select the steep his produce with in wanted oil, gas tank good, but the raising to and gas prices often rushes in region. a few green is good in countries l

tasking, the market regulator in the country to investigate the firm. germany's flagship airline. lufthansa made a profit last year, earning almost 800000000 euros. that's after 2 years of losses. as the pandemic lead to reduce air travel worldwide, and falling a big bail out by the german government, the airline says it's expecting further gains in 2023. a new analysis of global c o. 2 emissions put out by the international energy agency is a mix of both good and bad news. of the headline figure is a record high for energy related emissions in 2022 to almost 37000000000 tons. that's nearly a full percent more than the prior year. on the bright side, rising clean technologies including solar cells and battery powered vehicles, helped limit overall emissions. and those technologies are poised to play an even greater role in the years ahead. that's according to the report. right, because janna is an energy researcher at the regensburg university of applied sciences. he joins me for more. because thank you for coming to the show. the i. e . a says that recovery from the coven 19 pandemic is pr

in terms of single stocks, lufthansa with net revenue doubled to 33 billion euro that was weaker than expected. operating profit lower compared to the loss in 2021. lufthansa sees capacity growing to 85% in 2019 numbers this year annette will speak to ceo carsten spohr later today. >>> a rebound in china factory output with saudi aramco says there is a concern with the long term we have dan here with more dan, it is unusual to think about the under investment i'm curious about the ceo and what he had to say about the supply in the future >> reporter: julianna, really doubling down on the concerns about persistent under investment in the energy sector. it is not a new concern, but executives have been talking about it as the industry looks to find ways to shield against future shocks and ensure adequate supply to meet growing energy demand. we spoke about aramco program which is critical on the ground. this is an initiative that aims to increase investment in the saudi economy through public/private partnerships and government incentives with the goal of boosting gdp. i asked how much

aig, lufthansa, and air france. air france one of the big beneficiaries.g into a very strong summer and it is likely we are going to see airlines continuing to benefit from that. that continuing benefit is not currently priced, seems to be the narrative that is coming out. air france is up today. iag is up today. lufthansa is tracking up as well. the airlines are having a good day. the euro-dollar, less so. we are down by .4%. basically had two big pieces of inflation today. one from the united states and one from europe. it does seem as if the dollar has come out on top in terms of this trade. people are talking about sort of moving into 1.15. we have mock -- we have much to talk about. max kettner is going to join us. looking forward to that. this is bloomberg. ♪ guy: friday the 31st of march, the final day of the week, final day of the month. final day of the quarter. european equities a bid. they have had a pretty good quarter. does that persist into the next quarter? as the economic headwinds start to drag down those equities? we are going to talk abo

lufthansa flight from texas to germany forced to land in virginia. seven travelers hospitalized.e faa is investigating. one of the passengers who was aboard the flight was dr. schmidt. you are en route -- you wanted to go to greece to see your daughter play volleyball. you got there eventually but not through you went through an experience. you describe it as hitting a tornado. what happened? >> yes. well, about a little over an hour into the flight, an announcement came on and it was something like now you are free to roam in the cabin and the steward had served most on the meal. i was in seat 24 on an international flight is not too far from the front. i'm not sure how far back the flight attendant got. out of nowhere i had taken three bites of my salad and the plane literally started going completely down like at a very rapid speed. there was screaming immediately. i just started praying as i was in the seat and as soon as it had went down it also went back up. so at that juncture my body had -- the top of my head where my braid is here had hit where you put your luggage in. s

un vuef lufthansa de texas a alemania, terminÓ en virginia con 7 pasajeros lesionados por una fuerteimportantes del movimiento conservador. este aÑo figuras fundamentales del partido decidieron no asistir. algo que evidencia grietas entre lo republicanos rumbo al 2042. javier vega con el reporte. >>> eclipsa entre los pasillos. cpac. los simpatizantes a donald trump dominan uno de los foros polÍticos mÁs importantes del movimiento conservador. considerado tradicionalmente una pasarela obligada para los aspirantes presidenciales. >>presidenciales. >>> este aÑo nicky fue de las pocas aspirant> fune de las poc saliÓ d aspirantes en anotarse. y saliÓ entre gritos a favor de trump. una escena que anticipa el trato o que harÁn los simpatizantes del expresidente a cualquiera que compita con Él. el gobernador ron santis y el exvicepresidente mike pence decidieron no asistir. >>> ir a perder el tiempo. solo con un grupo pequeÑo de part partidistas del expresidente donald trump. >>> figura que segÚn este analista republicano, estÁ provocando la fractura que vive el partido y se evidencia en fo

. >>> and a really frightening episode in the sky, turbulence so severe on a lufthansa flight from texas to germany that passengers said that it felt like going over the top of a roller coaster. this event was not because of bad weather. the skies were clear. is climate change causing more turbulence? okay. we have a lot to discuss tonight, so let me bring in john miller, law enforcement, and intelligence analyst. we also have political commentator extraordinary se cupp, and dan harris, host of 10% happier podcast, and joey jackson whose expertise will help us understand everything we've just seen in the murdaugh trial verdict. joey, i want to start with you. i have heard so many people in the past few hours since the verdict came say, wow, that was so fast. only three hours. my question is what took so long? i mean, what took so long, if they all agreed that he was guilty, why did it actually take three hours? what happens when you get in the jury room? >> that's an interesting spin that you have on it. >> you don't want to be a defendant with you on the jury. >> why don't they go in an

and a lufthansa flight hitting severe turbulence it comes as a pennsylvania man appears in court accused of trying to bring an explosive on a plane. >>> the alleged plot to kill jewish officials in michigan. the state's attorney general now saying she was among the targets. >>> the house ethics committee officially launching an investigation into george santos. >>> the surprise meeting at the g20 what secretary of state tony blinken told his russian counterpart face the face >>> and harry smith on the doctor "inspiring

. >> reporter: this lufthansa flight dropping 1,000 feet during dinner service, sending objects flying a flight attendant reportedly hitting the ceiling. susan zimmerman was on the flight. >> i'm five months pregnant. i was honestly thinking, i'm never going to meet my daughter. >> reporter: on the ground, at least two recent instances of planes bumping into each other. earlier this week at logan airport, two united planes clipped wings as one was pushing back from a gate. in february, this plane's wing clipped on the tarmac at newark airport. >> all of a sudden i hear and feel a jolt. >> reporter: a number of near-misses. jfk airport, a delta plane coming within seconds of crashing into an american airlines plane that was crossing the wrong runway. in florida, air traffic controllers cleared an american airlines flight to land on the same runway an air canada flight was taking off. the planes were close to 3,100 feet from each other when the american flight began its climb out. also last month, a frightening close call after a lear jet took off without clearance from the tower. as a j

and a lufthansa flight hitting severe turbulence. it comes as a pennsylvania man appears in court, accused of trying to bring an explosive on a plane. >>> the alleged plot to kill jewish officials in michigan. the state's attorney general now saying she was among the targets. >>> the house ethics committee officially launching an investigation into george santos. >>> the surprise meeting of the g20. what secretary of state tony blinken told his russian counterpart face the face. >>> and harry smith on the doctor inspiring america by carrying for the city's most vulnerable. ♪♪ >> announcer: this "nbc nightly news" with lester holt. >> good evening and everything. there is breaking news where the alex murdaugh double murder case has reached an verdict. murdaugh on trial for the murders of his wife and 22-year-old son. let's go to catie beck right now outside the courthouse in walterboro, north carolina. catie, what can you tell us? >> lester, this is sort of an exceptional surprise to see a jury come back on a double murder case this q

and a lufthansa flight hitting severe turbulence it comes as a pennsylvania man appears in court accusedg an explosive on a plane. >>> the alleged plot to kill jewish officials in michigan. the state's attorney general now saying she was among the targets. >>> the house ethics committee officially launching an investigation into george santos. >>> the surprise meeting at the g20 what secretary of state tony blinken told his russian counterpart face the face >>> and harry smith on the doctor "inspiring america" by caring for the city's most vulnerable >> announcer: this is "nbc nightly news" with lester holt >> good evening. there is breaking news from south carolina where the verdict is in in the alex murdaugh double murder trial. the jury finding the once prominent attorney guilty on all counts in the shooting deaths of his wife and 22-year-old son at the family's property in 2021 jurors taking a few hours to reach the verdict af this

lufthansa has joined major european airlines in predicting an earnings boost this year, as travel demand to swing back from the covid pandemic. lufthansa expects a significant improvement on the $1.6 million adjusted ebit last year. >> looking forward to a very strong demand for the year '23 starting at easter and going into the summer, but not just in general travel, but also very focused on the premium classes -- first class, business class, premium economy. not just by corporate travelers, but to a much larger degree by individual leisure travel. rishaad: let's look at some of these movers. >> having a look at country garden, seeing its stock getting a bit of it shove down again. at the moment, a profit warning coming through here as well. lots of property shares generally speaking on the way down, as china targets unregulated expansion. at the same time we have dhp and rio tinto also feeling it, as it and other iron or steel-related shares in asia drop after the ndrc had a meeting to discuss the overly fast rising iron ore price. yvonne: i think with the modest growth target, you wil

look at lufthansa and volkswagen in the push higher with hello fresh.e serious talk stories that are worth considering. services continue to push higher and higher. the countdown to the close starts now. >> the countdown is on in europe. this is bloomberg markets: european close with guy johnson and alix steel.

the planned industrial action comes less than one month after lufthansa scrapped at least 1200 flights to strikes at its hubs in frankfurt and munich. so we aramco posting its biggest profits. the world's largest energy company also surprised to increasing its dividend and says it will boost spending as it looks to deploy cash. it's performance bolstered by russia's invasion of ukraine. a film made for less than $20 million was a big winner the oscars. picking up best picture and six other trophies. "everything everywhere all at once" by independent studio a24 won out over some of the highest-grossing pictures in hollywood history. those include "avatar: the way of water" and tapped "top gun: maverick" which between them have taken close to $4 billion at the box office, just scoring one oscar a piece. that's global news powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. tom: thank you very much indeed. let's check in on these markets. this moves lower in gilts across the curve. seeing 13 basis point move lower in yields. but particularly the fr

that one those heading from austin, on a lufthansa flight to germany, that matthew mcconaughey's wife camilla's, on she said plunged 4000 feet, so is that happening more often, ryan? >> i don't know if we can say is happening more often, i know there's a study out of the uk that says there could be some of that in the future, a little bit more frequency, but right now the clear turn so we see say is the same as been full of 30 40 years. they happen not uncommonly. usually it's relatively mild, it's usually a part of not being restrained properly. i think the reason we're seeing more of it now, it's more because of social media access, and people without their phones, this are cyclist driving. and what used to be a story to tell your friends a couple months later, i was all over social media, it's on the news later this say. right approach turbulence, but these are no warnings, what do you mean that happens. >> well the ntsb, said i think it was 2009, 2019 or 2018, they've set almost 30% of these are unpredictable. that's ten years ago. technology is catching up, we do have better and

lufthansa offering first palace passengers private suites, what? with double beds to travel the world and lie like your are you john kerry. >> people like me cannot fly coach. you have to fly malaysian to be laid on rest on a plane. you will get your own flat screen tv, seats that over 3 feet wide. that company said were inspired by your mom, part of airline plan to divide its cabin to 7 different classes, from first to. to gym class and class clowns or fly sp spirit and sit with a class-a felon. tickets between 3 into 20,000 a flight. you can 23 credit suisse. fun, topic 5. >> not everyone who watches the show sends hate mail, just nose who are pay, attention and my relatives and everyone that i work with, viewer mail, clay. can we have more positivity on v viewer mail, you are sweet. >> cody, your biceps look ripped. watch this. tastes like pudding. >> do you the best fauci imitation. >> yeah, bob, why aren 't you wearing a mask when you white that, i have killed beagles and i will kill you for less. >> kennedy would make a great l leprechaun, i

lufthansa has joined major european airlines in predicting an earnings booster this year as travel demandes to swing back from the covid pandemic. tencent expects a significant improvement on the $1.6 million adjusted ebit last year. it says some revocations to mediterranean countries and travel on north atlantic routes will be particularly strong. >> looking forward to a very strong demand for the year 2023 starting at easter, going all the way to the summer not just in general terms, but also focused on the premium classes, first class, business class, premium economy. not just by corporate travelers, but to a much larger degree individual leisure travel. shery: boeing's ceo has missed out on a $7 million bonus. the company's board decided not to give him the incentive due to long delays to launch the 777x wide body jet. release of the jet was postponed to 2025 due to intense regulatory scrutiny. without the bonus, he still earned $22.5 million last year. haidi: it has been an incredibly colorful and wonderful 17 days of celebration and reflection for world pride here in sydney the last

. >>> and severe turbulence forced a lufthansa flight headed to germany to be diverted to dulles. the airline says seven people were injured when the flight encountered air turbulence which can occur without any warning. a passenger who shot this video says it felt like a roller coaster. there were two sudden drops, plates and glass were flying and people were screaming. the injured passengers were treated on board and taken to hospitals once the plane landed. >>> it has been a pretty rough week for the u.s. severe weather looms. h more than 40 storms have been reported in the southeast. and more than one million people in georgia, north carolina and tennessee are under tornado warnings. parts of the west coast are trying to thaw out from a massive snowstorm meanwhile. that is moving east. areas in california have seen more than 100 inches of snow in the last week prompting the governor to declare a state of emergency in 13 counties including san bernardino county. >> people have food, shelter, water and heat and their structure is in good condition, they will need to weather this

nbc's emilie ikeda joins us with more >> we'll start with that lufthansa flight headed from texas toeriencing multiple steep drops that sent some people to hit the ceiling of the train. the plane made an emergency landing in washington where seven people were taken to the hospital, according to officials. now, earlier in the day, a spirit airlines flight traveling to orlando was also diverted when a battery in an overhead bin caught fire. chaos ensuing as smoke quickly filled the cabin the quick actions of passengers and crew members helped extinguish the fire, though ten people were hospitalized when it landed in jacksonville, according to fire officials. and, guys, this all comes amid a serious scare at a pennsylvania airport where tsa agents found a live explosive device in the lining of luggage on monday. the man accused of checking that suitcase is now facing federal criminal charges mark muffley was arrested at his home earlier this week he's expected to make a court appearance later today and i'll note, we did reach out to his attorney for comment but did not hear back. >> all

. >> severe turbulence forced a lufthansa flight headed from texas to germany to be diverted to dallas airport in virginia. the airline says seven people were injured wednesday, when the flight encountered cure -- clear air turbulence, which can occur without warning. the passengers were treated on board, and taken to hospitals once the plane landed. in another flight, mishap a spirit airlines plane headed from dallas to orlando was diverted to jacksonville florida after the crew spotted a battery on fire in an overhead bin. a passenger says it apparently came from a battery pack that was charging a cell phone. and that the cabin quickly filled with smoke. the crew put out the fire in-flight and firefighters assess the situation once the plane landed. federal authorities are investigating. it is a rough week ahead for the u.s., as severe weather looms across the country. parts of the west coast are trying to thaw out from a massive snowstorm, now moving east. meantime, thunderstorms, tornadoes, and flooding are in the forecast for states in the southeast. some some parts of california

this industrial action comes less than a month after lufthansa scrapped 1200 flights due to strike thathubs in frankfurt and munich. and a film made for less than $21 million was the big winner at the oscars, picking up big -- best picture and six other trophies. everything everywhere all at once independent studio a24 won out over the highest grossing pictures in u.s. movie history. that includes avatar the way of water and top gun maverick. global news powered by more than 2700 journalists and analysts in more than 120 countries. i am medicine mills. this is bloomberg. dani: thank you very much. that was such a good movie and i am happy it won as many awards as it did. coming up, we will dig further into the svb failure follow-up. we will be turning our attention to signature bank suddenly closed by regulators over the weekend. we will be talking about the entirety of the banking sector as well. this is bloomberg. ♪ dani: new york-based signature bank was closed by state regulators on sunday. an auction for the lender could begin as soon as today. the move underscores efforts taken to

when i spoke to looked stunned at the -- lufthansa ceo, he has done everything he has done in his poweravoid travel chaos the summer, he is hiring 1000 people a month. he is getting extra planes and parts. they are talking about killing some routes over the summer because they cannot deal with it. you have in balance of supply and demand to say nothing of the labor on top of that. guy: i think you bring up a good point. that is, the economy is looking fairly good at the moment. but, once again, we could have labor, the issues of structural reform, the changes that are necessary in the economy getting in the way in some ways of that problem. to what extent is this about pay? can it be resolved easily or is this almost like we are seeing in france, something more structural? the french are protesting against pension reform. is germany's problem longer-term or is this short-term, we want to compensate for inflation, if we get that, we are done? >> what you see in the immediate term, what you are alluding to is the strikes. that is a concrete manifestation of this issue. what we have not di

last week a lufthansa plane carrying among others actor math new mcconaughey and his wife ran into severe turbulence. she posted i was told the plane dropped almost 4,000 feet, seven people went to the hospital. a different passenger said -- >> suddenly there was a big drop and everything just flew everywhere and it was a huge mess. and i saw the attendant on my right basically hit the ceiling and was completely horizontal. >> medical emergency landing runway 6. >> reporter: and in yet another case of violent turbulence, a private jet over new england was hit so hard one of the three passengers, a woman from maryland, died. >> all the information i have about the emergency is possible laceration, requesting medical assistance. >> reporter: and the national transportation safety board says moments before the turbulence that plane also experienced a problem with its trim control. >> they were in the process of diagnosing that when they received a momentary in-flight upset. and so this is something that we are investigating. >> reporter: some of these incidents may just be coincidences, some

. >>> passengers on lufthansa flight from hell reportedly say the airline tried to silence a complaintssenger told insider that that a flight attendant made an announcement to delete any images or photos they took while the plane cropped nearly 4,000 feet in the air while flying to germany the earlier this month, but plenty of photos videos kid end up on social media after the plane was forceed to the make an emergency landing at washington's cullless. >>> the newly-elected democrat commissioner of miami goes totally silent e when she's asked to lead the pledge of allegiance during, or ahead of her first meeting. check this out, it's unbelievable. >> commissioner or covo, could you -- would you lead us in the pledge of allegiance, please? [no audio] >> you don't know it? [laughter] rachel: that is our future, by the way. lots of children will not know the pledge of allegiance. she responded on twitter saying, when you feel the responsibility is that important, nervousness is very normal, and i'm not a afraid to admit that's what it was. so was she nervous or was she not aware of how to

last week a lufthansa plane carrying among others matthew mcconaughey and his wife ran into severe turbulence. she posted i was told the plane dropped almost 4,000 feet. seven people went to the hospital. a different passenger told erin -- >> suddenly there was a big drop and everything just flew everywhere and it was a huge mess. and i saw the attendant on my right basically hit the ceiling and was completely horizontal. >> a medical emergency, landing runway 6. >> reporter: and in yet another race of violent turbulence, a private jet over new england was hit so hard, one of the three passengers, a woman from maryland, died. >> all the information i have about the emergency is possible laceration requesting medical assistance on the runway. >> reporter: national transportation safety board says moments before the turbulence that plane also experienced a problem with its trim control. >> they were in the process of diagnosing that when they received a momentary in-flight upset. and so this is something that we are investigating. >> reporter: some of these incidents may just be coincidences, s

last week a lufthansa plane carrying, among others, actor matthew mcconaughey and his wife camilla ran> suddenly, there was just like this big drop, and everything just flew everywhere, and it was a huge mess. and i saw the attendant on my right basically hit the ceiling and was completely horizontal. >> we have a medical emergency. landing runway six. >> reporter: and in yet another case of violent turbulence, a private jet over new england was hit so hard, one of the three passengers, a woman from maryland, died. >> that's all the information i have about the emergency is possible laceration, requesting medical assistance on the runway. >> reporter: the national transportation safety board says moments before the turbulence, that plane also experienced a problem with its trim control. >> they were in the process of diagnosing that when they received momentary inflight upset. this is something we are investigating. >> reporter: be assured commercial airline traffic is still one of the safest ways to go anywhere. but some analysts say as the industry tries to claw back from the losses

it went to lufthansa gambling on games brought in more than $1 billion in january, a record high andmonth last year. a lot of that due to an increase in the number of states where sports betting is legal but even when new markets were excluded revenue increased by 15% in states where it was already legal. carl and sara, back to you >> tough market. maybe turn to sports betting for better luck. thank you, seema seema mody after this we look ahead to next week's fed decision with the former fed governor and former deputy secretary sarah bloom raskin to hear how the current crisis back tors in. >>> torsten shok joins us saying bond yields haveead d pkeanis causing for a hard landing 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. somewhere out there is that one-in-a-million. someone who thinks with their hands. who can shape raw materials int

lufthansa regrets the inconvenience this caused to passengers.re reporting oen this more and more all the time. there was an incident back in january. this hawaiian airlines flight went through turbulence. the ntsb says this is a huge issue. turbulence is the biggest cause of incidents onboard commercial airliners, about a third of all incidents onboard airliners involve turbulence. i would know, it shows what planes can withstand. to see planes land like this reminds us of that. is this really rare, they just cannot detect at all? >> you know, the airlines have gotten a lot better at forecasting turbulence. they got a lot better at avoiding it. typically, you can see it. this is usually covered by different layers of wind at different speeds. this is the faa definition. without visual clues to warn the pilot of a hazard. that is the big issue with clear air turbulence. that is what makes it so dangerous. you know, this really seems to be happening all the time. and airlines have even indicated that because of climate change, that is causing more

it was a lufthansa flight that had to make an emergency landing at dulles international airport outside of washington, d.c. an unnamed passenger told "washington post" that the plane went into, quote, free fall basically just as the dunner service had gotten under way. people and food went flying into the air. one person was badly hurt. they were taken off the plane in a wheelchair. the faa has said they will investigate the incident adding it to the many that they're looking into. >> scary stuff. >> california governor gavin newsome declared state the emergency in 13 counties amid a powerful winter storm that dumped 7 feet of snow in that state. residents grappling with so much snow that we're running out of space to put the snow. it could take a week to reach some areas. of. >> these are the trails. we created just to get out of the house down to the street. it seems like every time we failed. it comes right back. >> we're not a city. the we're unincorporated. we need help. people are trapped in their homes. they cannot get medicine. >> in the sierra, nevada, an avalanche struck a thr