michael o'leary said what many air berlin employees were thinking. all we see is a succession of german politicians falling over themselves. to award the air burning to the fans are calling the fans a german champion and therefore because it's a german champion it should. be allowed to take over ninety five percent of the domestic market making it not just a german champion but a german monster who will increase the cost of air travel for millions of germans ticket prices did in fact go up at john's or right after air berlin's last flight thousands of air berlin employees faced an uncertain future both easy jet and the lufthansa group bought up air berlin's landing rights in airplanes employees had to apply for new jobs and were given inferior contracts a year after declaring insolvency it looks like taxpayers won't have to foot the bill according to insolvency officials the one hundred fifty million euro state credit can be almost completely paid in full but it will take several years. now one of the side effects of technological change is that our

michael o'leary accused the german government of favoring last time there for a takeover. all we see is a succession of german politicians falling over themselves. to award to fans or calling the fans a german champion and therefore because it's a german champion it should. be allowed to take over ninety five percent of the domestic market making not just a german champion but a german monster who will increase the cost of air travel for millions of germans in the end times i did indeed acquire most of air berlin assets to get there with britain's easy jet it bought up air berlin's landing rights and airplanes. air berlin staff were forced to look for new jobs many of them have found work but are now on stripped down contracts. all right for more on the subject i'm now joined by chris of course by aviation expert at the g.w. business desk it's good to see you again to the well let's start by looking at this air berlin case you know the routes have been distributed among many carriers it seems like the case is closed but still we have a hot mess in the european air traffic

michael o'leary has said hell freezes over before he would sign a contract with the unions and pay more and offer better working conditions but maybe doesn't have the choice anymore because the airline might just not be able to operate if it's going to be continue to be crippled by by strikes and of course if ryan air has to change its business model maybe the entire airline industry at least the cheap flight segment will have to rethink its business model. port thank you very much. stocks in tokyo closed lower on friday as investors held off on buying before holidays and awaited the outcome of u.s. japan trade talks those talks made little headway this week japan is hoping to win concessions on threatened us also tariffs which could be detrimental to the industry if they come. it looks like japan's economy has bounced back after a worrying deep in the first quarter of this year consumers are more confident and are spending more in an atmosphere of strong job growth providing a boost to gross domestic product from my pool to june g.d.p. showed a half percent expansion that was significa

michael o'leary accused the german government of favoring last time there for a takeover. all we see is a succession of german politicians falling over themselves. to award fans or calling your fans a german champion therefore because it's a german champion it should. be allowed to take over ninety five percent of the domestic market making it not just a german champion but a german monster who will increase the cost of air travel for millions of germans in the end times i did indeed acquire most of air berlin assets to get there with britain's easy jet it bought up air berlin is landing rights and airplanes. air berlin staff were forced to look for new jobs many of them have found work but are now on stripped down contracts. that is your business update here and g.w. funny fresh air will be in the next f.c.c. . entering the conflict zone confronting the powerful. as f.b.i. director james comey was always pretty well known for window charm five am last year to st louis for failing to measure a bank this week he's my guest here in by the way he's promoting a book even as he

and michael o'leary, the boss whose name is graffitied on this wall in the picture, he previously saidnot recognise unions. he had given in and it is interesting to note is that easyjet, is performing, astra as the stock market is concerned, is performing much better than rya nair. concerned, is performing much better than ryanair. notes talk about space force did it sounds like a hollywood movie where we fight aliens from outer space. a great script. the sort of film that i loved that this is not what it is about. there is a serious overtone to this which is that because it is the way president trump presents this, it turns into a slightly trivialised idea that the point is that china and russia in particular seem to be further advanced than the us is in terms of space and there is a genuine threat that the next wave of war could be knocking out each other‘s satellites. it is about satellites, not about aliens. it is about satellites and protecting them in space. isn't that the job of nasa? nasa would argue it is but given there is a huge military used to a lot of the satellites, for

michael o'leary accused the german government of favoring love times after a takeover. all we see is a succession of german politicians falling over themselves. to award the air burning to the fans or calling your fans a german champion and therefore because it's a german champion it should. be allowed to take over ninety five percent of the domestic market making not just a german champion but a german monster who will increase the cost of air travel for millions of germans in the end lufthansa did indeed acquire most of air berlin assets together with britain's easy jet it bought up air berlin landing rights and airplanes air berlin staff were forced to look for new jobs many of them have found work but are now on stripped down contracts. european cities are imposing harsh of regulations on short term rental agency air b.n. b. they say the american home sharing platform is creating housing shortages undermining regulation of local tourism industry and promoting tax. holiday season and for many young people in particular that means getting ready to explore new places.

it covers our main news story — the rya nair strike, showing criticism of its boss michael o'leary graffitiedew york times, and it details us plans laid out by vice president pence to create a space force as a new branch of the military. let's look at a story on the bbc news website. a video game that was actually dementia research has found men are better navigators than women — but says the reason why is unpleasant — we'll explain it all. we've been asking you about a story from apple insider, and a patent that shows apple might be looking at iphones being used as passports. and the daily mirror in the uk is among many covering new research but should we be taking it with a pinch of salt? researchers say we can actually have more of the seasoning than we'd thought. so let's begin and back with me is lawrence gosling, editor—in—chief of what investment. we spoke about ryanair a little earlier in the programme but the guardian is talking about how the whole model of low—cost airlines are based around how they work in terms of how workers are treated, where they are based, how pilots are based

michael o'leary despises unions only last year he was forced to actually acknowledge them in the first time in the thirty year history of the company but that that's not to say that both sides will reach an agreement and the time soon and the pilots have said they are ready to strike you all right buyer beware when you're back in the summer travel plans indeed all right chris alcoa our business says thanks for walking us through that. all residents of a small german village are taking a stand after an ugly incident of racism a swastika was chopped on the sidewalk after a young syrian boy was killed in a nearby traffic accident locals have turned out to mourn the little boy publicly and to make clear their feelings about neo nazi sympathizers. many people in schoenberg are disgusted by what happened on the sidewalk nazi symbolism following the death of a syrian child dozens of locals say it's a disgrace and want to send a clear message with their protest. it's absolutely hideous and totally inconceivable i categorically reject this whoever works with symbols like these knows what they m

michael o'leary accused the german government of favoring last time there for a takeover. all we see is a succession of german politicians falling over themselves. to award the air burning to the fans or calling your fans a german champion therefore because it's a german champion it should. be allowed to take over ninety five percent of the domestic market making not just a german champion but a german monster who will increase the cost of air travel for millions of germans in the end times i did indeed acquire most of air berlin's assets to get there with britain's easy jet it bought up air berlin's landing rights and airplanes. air berlin staff were forced to look for new jobs many of them have found work but are now on stripped down contracts. well from an trouble to the season now a mediterranean odysseys finally come to an end that finally monica yesterday a french rescue ship aquarius as arrived in the multi-sport of the latter where it's disembarked one hundred forty one migrants rescued off the coast of libya last week most of them are from somalia and eritrea malt

michael o'leary was among those who accuse the german government of favoring look for a takeover all we see is a succession of german politicians falling over themselves. to award the air burning to the fans or calling the fans a german champion and therefore because it's a german champion it should. be allowed to take over ninety five percent of the domestic market making not just a german champion but a german monster who will increase the cost of air travel for millions of germans in the end times i did indeed acquire most of the air berlin assets to get there with britain's easy jet it bought up and billions landing rights and airplanes. yeah brilliant stuff we're forced to look for new jobs many of them have found work but are now on stripped down contracts. all right for more on the subject i'm now joined by chris of course by aviation expert at the g.w. business desk it's good to see you again to all let's start by looking at this air berlin case you know the routes have been distributed among many carriers it seems like the case is closed but still we have a hot mess in the e

michael o'leary has said hell freezes over before he would sign a contract with the unions and pay more and offer better working conditions but maybe he does that that choice anymore because the airline might just not be able to operate if it's going to be continue to be crippled by by strikes and of course if ryan air has to change its business model maybe the entire airline industry at least the cheap flight segment will have to rethink its business model. as well insert a photo port thank you very much. to. european markets are falling today on worries over turkey's economy the country's currency has hit another new love falling another five percent on friday after crashing below six liras to a dollar for the first time the lira has lost about half of its value since the beginning of the year this comes amid strained ties with washington over the jailing of an american pastor and there are fears turkey's economy is overheating. for more on that story let's cross over to w. correspondent dorian jones in istanbul dorian how is every day life of the average turkish family affected by no

michael o'leary has escalated dispute with a threat to move jobs to poland if workers carry out another day of strikes which are plan. for this friday august third a representative of italian ryanair workers spoke to reporters about the fight last week. to strike has been organized to tell it to the ryanair that they have to negotiate a c.n.a. collective labor agreements by innocent cabin crew where can you tell me we do you insist that the workers have to say. seven eleven franchisees say the corporate office of the u.s. convenience store chain is trying to force them into a very inconvenient new contract the york times reports that owners and operators of the chains ninety one hundred us store locations say the main office new got contract offer would put many of them out of business store operators say that the japanese own chains corporate offers offices pressuring them to agree to a fifty thousand dollar renewal fee even though they have steadily lost profit share to the home office since get this two thousand franchisees say their profits are reduced by requirements to stock store

michael o'leary said what many air berlin employees were thinking. all we see is a succession of german politicians falling over themselves. to award the air burning to the fans are calling the fans a german champion and therefore because it's a german champion it should it shouldn't be allowed to take over ninety five percent of the domestic market making it not just a german champion but a german monster who will increase the cost of air travel for millions of germans ticket prices did in fact go up at john's or right after air berlin's last flight. thousands of air berlin employees faced an uncertain future both easy jet and the lufthansa group bought up landing rights in airplanes employees had to apply for new jobs and were given inferior contracts a year after declaring insolvency it looks like taxpayers won't have to foot the bill according to insolvency officials the one hundred fifty million euro state credit can be almost completely paid in full but it will take several years. all right let's take a little bit deeper into that subject for t

michael o'leary breathing a sigh of relief. let's take you to the bottom of the market.unch of ex-dividends. 13 in the stoxx 600 this morning. you have a stocks here being ex dividend. deutsche bank is trading down. belowice target is 20% where we are now. i do not know what the numbers 80% downast year, but from its highs. deutsche bank trading down by 1.57%. there is a mix of mechanical stocks trading lower. we have some interesting individual names. german manufacturing data is coming through now. the forecast 56.5. services pmi rising. we will get more analysis on that in a moment. let's get a bloomberg news update. >> in the u.s., the minutes of many,atest fed interest rates is intensifying. jay powell has been attacked from the white house, with president trump criticizing rate hikes. we will bring you our interview with esther george. trump has denied using campaign fans -- campaign funds as hush money. it comes a day after prosecutors claim campaign officials were aware of the payment. this guilty plea contradicts -- these comments contradict the guilty plea from

michael o'leary accused the german government of favoring love times after a takeover. all we see is a succession of german politicians falling over themselves. to award the air burning to the fans or calling your fans a german champion and therefore because it's a german champion it should. be allowed to take over ninety five percent of the domestic market making not just a german champion but a german monster who will increase the cost of air travel for millions of germans in the end lufthansa did indeed acquire most of air berlin assets to get there with britain's easy jet it bought up an air brilliance landing rights and airplanes. air berlin staff were forced to look for new jobs many of them have found work but are now on stripped down contracts well and have more business news coming up for you very shortly but first over to brian and the latest on that fallout from a let's call it unfortunate speak speech in australia to australia now that's right monica and that country is in an opera or after a senator used the nazi phrase when he called for a ban on muslim em

o'leary, thanks to you, as well. >> he has had a good call on small caps. >>> up next, michael cohen implicating president trump ingn finance laws. we'll look at whether history says this scandal will impact the market and the economy overall. >>> casino executives are making a big bet on the future of their industry by purchasing their own stock at a rather furious pace. the fast money traders tell us etr u should follow their lead later on "closing bell." , to jar, to table. and serve with confidence that it's safe. this is a diamond you can follow from mine to finger, and trust it never fell into the wrong hands. ♪ ♪ this is a shipment transferred two hundred times, transparently tracked from port to port. this is the ibm blockchain, built for smarter business. built to run on the ibm cloud. tdesigned to save you money. buiwireless network siness. whether you use your phone to get fit. to find meaningful, thoughtful, slightly-weird gifts. or just to know which way you're facing right now. however you use it, your wireless bill is about to cost a whole lot less. ask how you get xfinity mobile included with your

michael. >> thank you, ginger. >>> now you're over here with me. you'll help me out. back to school and we have the one and only mr. wonderful. he is our teacher and you know kevin o'learyu teach your kids about money. you're all parents. we'll give you questions and answer true or false. okay, and your kids range from elementary school to high school. you're going to give answers and then mr. wonderful will tell us >>ou a little nervous. >> i am nervous. >> your relationship with your kids depends on this, okay? all right. here's number one. the first question, give your kids an allowance if they get good grades, what do you think? false. >> very interesting. professor wonderful says it's true and i'll tell you why. >> professor wonderful, yes. >> you want to tie hard work with economic outcome. that is what life is about. that's what you're going to be doing when you're working. you want to work hard and make more. >> i got a dollar for every "a." >> look at you now. >> you're trying to play both sides. it doesn't work, man. i like that answer. here's the next question getting rt job should not be a priority while your kid is in school, what do you- >> 4-4. >> the ans