join me to see how alan joyce got qantas flying high again. >> qantas' turnaround is really a textbook example of what can be done within the airline industry. david: in 2018, qantas reported a profit of $1.2 u.s., its largest ever. shareholders were awarded with buybacks and dividends of $360 million, while employees were showered with $50 million of bonuses. that was a far cry from the $2.7 billion loss announced in 2014. >> there is no doubt. today's numbers represent the year that has passed that we have now come through the worst. alan: how do you do? nice to meet you. welcome to qantas. david: tell me about the turnaround. how did the plan evolve? alan: we had probably the perfect storm there around 2013. the conditions are important because we had high oil prices. they reached over $4 billion, the highest we have seen. we have simultaneously tried to take massive market share and being funded by a number of foreign airlines, extensively funded. we also had, because of a very high aussie dollar, a lot of international carriers flying into australia. it was a perfect storm in all

qantas had about 15. them has a considerable amount of power, because you can easily ground an airline by withholding services, which is a massive impact. david: joyce took his own drastic action. he closed down the airline. the reaction was harsh, the consequences reverberated nationwide. >> the government overall is concerned about the extreme action taken by qantas that had stranded tens of thousands of passengers far away from home. >> having the balls to do it was a massive thing at time. it has sort of faded into history now. had he not done that at the time, qantas would be very much a pale picture of what it is today. david: i want to go right back to the most controversial thing of your career, which was the lockout. why was it necessary? alan: you probably were aware that we had gone through more than a year with workforce groups working in unison with each other. we started to lose a lot of money because there was a lot of action happening. we started to lose $20 million a week. we could have g

as a scale of financial disaster and qantas like malaysia. neighboring qantas. indonesia here when japan will have the problem of use a graph to stop them says which of the other being so fast that governments and international organizations do not have enough time to gradually. join me every thursday on the alec simon show and i'll be speaking to guest of the world of politics sport business i'm show business i'll see you then. those. who force on both it's not the word. nice but but that in with a match and then with a match see this is to. learn dilettante. show. lucy moved into the position that she needs it. is a little too soon close ups of a good. laugh out of it just think it. will help. the traffic jams that. nobody. has the mission to know how to feel badly some few really truly. believe it's not political. but i have. to fit a little. willie walsh covering it she has no way. to follow him she never moves me my big one at the same bus that was lifted to saying that he managed to fall a female was meaning no. one element i give you shit oh my best momen

join me to see how alan joyce got qantas flying high again. qantas' turnaround is really a

qantas ceo on the turnaround tonight at 6 p.m. hong kong time. and the more ahead on daybreak asia.oined for an excessive interview at the morgan stanley australian summit in sydney. you don't want to miss that. and let's get a quick check of the markets. it we are seeing new zealand underway. it is a positive day for equity markets across the board. more than a 2% rally in u.s. stocks. see the qe gaining .7%. futures up .8%. we are expecting the gdp numbers out of australia likely to show that economic growth grows an annual 1.8% in the first quarter. that is it from daybreak australia. we will get all the action in daybreak asia next. this is bloomberg. ♪ >> good evening from bloomberg's global headquarters in sydney. wednesday, --this our top stories this wednesday -- ♪ >> the fed chairman signals he -- he iso breakout open to rate cuts. says they will go ahead next week. the rising tensions sends investors seeking safety.

this is deja vu news live from berlin on qantas chief executive carrie lamb apologizes again for her handling of an unpopular extradition law but she says she will try harder in the future stopping short of meeting protesters demands to resign so what is next for the territory's political crisis we'll go live to on com also coming up tensions are rising in the gulf as the u.s. orders 1000 more troops to that region but a point in coming as the u.s. releases new footage it says proves the rand was behind the attack on 2 ships near the gulf last week and as a rand says it's about to breach the international nuclear accord for the 1st time . also on the show german investigators say they believe the killing of a regional politician was motivated by far right extremism. it was shot in the head and close range and what some are calling an execution style shooting. i'm brian thomas thanks so much for joining us on kong's leader kerry lamb has apologized for her handling of a concert reversal extradition law but has not offered to withdraw during her apology said she regretted failing to co

this is deja vue news live from berlin on qantas chief executive kerry lamb apologizes again for her handling of an unpopular extradition law but she says she will try harder in the future stopping short of meeting fro tester's demands to resign so what is next for the territory's political crisis we'll go live to on com also coming up tensions are rising in the gulf as the u.s. orders 1000 more troops to that region but a point in time is for the us.

i have to tune the composition a little composites on the piece in tune and moves very effective qantas on because of the space and the string section because it's one of 8 overstaffed i don't think you can play any quieter doesn't make sense for you to play piano when everyone else is playing for 10 years we just need to thin you out a bit in fact the 15 post which i feel so awful once again i cannot call it becomes the common language to time each instrument and fiddles in. as a book that are. i'm pleased to konami to paste answer some of those off the arms and off yarns. because. 2 it's a premier in every sense of the word there's never been a bunch an indian bamboo flute in a symphony orchestra before. innovation and experimentation to chill composers are in good company in the fall from one form class to it was clear from the start what would beethoven do in this was maybe not indian music but he would certainly try something new that he would do something no one's ever done before something that interests him that would if he were trying to push the boundaries so if he would have

in france one person out of 5 qantas. 3 meals a day. food waste is a huge issue weld wind one 3rd of all food produced globally never gets eaten it's a waste of resources and contributes to greenhouse gas emissions. france is the 1st country in the world to ban the major supermarket chains from throwing away or destroying unsold food the law was introduced in 2016 but stores that don't implement it risk nothing more than a relatively small fine according to the french environment an energy management agency 14 percent of food waste comes from big retailers with his start up. news developing digital solutions to help tackle the problem. of a discount on products which are about to expire of 30 to 50 percent off so they still sell. if nobody buys it it can be rescanned with a p.d.f. . just. click the donation option the product will be given to charity. tracking system makes it easier for the supermarkets to manage their stock more efficiently. and the system is also good p.r. the start up provides certificates showing how much that the s

qantas to you because you. know the saying then from all this and that a lot of. the kind of want to hide. and this and not in hiding mr olson i mean cattle lots of anything. going to get innocent. tomato to me. and i didn't. put exxon on or yes on the negative and getting. anything noticeable that's what i did don't get some of the cynical you know i said what i do for the. high school to but i know that that would. do something to whom doing something. going and to get elected is not just the government that if you got caught in this column has got to have enough if you took one look. a lot of her friends were here as was the station in. this. economy muscle. my emotional. and i mean you know body. parts of the sound recoup weight were completely destroyed and rebuilding it was a crucial symbol of recovery for the region. of oregon but they're going to let us settle down. but despite all the reconstruction including massive and controversial seawalls many other rail lines have been left abandoned. not that far down this way you hit the coastline and i remember w

chancellor i'm going to medical after she was seen shaking at a function with the german president from qantas timeline to latest for attending a ceremony with outgoing justice minister caterina bali and this comes just 8 days after a similar incident in ukraine then the tremors were attributed to the chancellor suffering from dehydration. let's get more from political correspondent and even if not how most unwelcome how does the chancellor now. well she appeared just fine shortly after the incident happened today i'm going to america went on to visit a parliamentary session as the german parliament is going on some a break after this week and she's now actually on a plane flying to go to japan to attend the g. 20 summit but of course concerns are growing here in germany because it is as you mentioned the 2nd incident just within 2 weeks just over 9 days ago going to stood outside in the sun with a ukrainian president here in berlin during a state visit and she was seen trembling back then after the after the incident occurred reporters had asked chance that i'm going to america what she had d

which repay the pension i was told many on this about the recently i pick up some of offer to come qantas leaders they started to pay more attention to cybersecurity so we invited that the were there government level conferences events that it was in the rwanda law and that was way to promise and. this year's form has not only brought together experts in business people but also politicians and diplomats who shared their positions on major issues we spoke to cut tash environment in the an ambassador to russia about the state of relations between the countries plus india and russia enjoy good i'm just or historic new friendly relations but we can do more because what prime minister modi and president putin have said that they can all make their relations in a coma deficit because no politician trip is a priority being done to do that and not just in the or does but also a new tick to set as. a digital economy in finding. new areas of cooperation in nuclear in space in the energy also with respect to finding new connectivity between india and russia and we intend to do that of course again

and qantas dragging the local markets down however rare earth miners linus corp shot up after china threatened to cut exports and it's now trading back to its all time 5 year highs moving over finally to south africa the all shares index ended the week up as the markets cheered with approval of the newly appointed cabinet members and the rants trying. against the dollar a lot of countries are proving to be more resilient in the midst of all the drama taking center stage now over to daniel your kristie it's a down down week as we go from europe to south america and then north america starting in france the cac down for the week french carmaker renault leading the losses there their stock notably down 4 and a half percent this week in germany the dax also down about one and a half percent on friday to close the week and in the u.k. the footsie also down completing that trifecta of red arrows for europe better results this week in south america 1st in colombia the cold is up sharply this week similarly in brazil the eyeball the us will also up strongly started just below 94000 at the week closing

suggest there's a revival of ghana's like slang and hunting licenses where's that come from china why qantas doesn't hesitant interest has increased because people feel they need the extra security events are exploited by the media like new year's eve in cologne they've also contributed to this. this is that's the legal side what's the situation on the illegal side is that growing too so i noticed all i know about it too because of it this is a water p.-p. the typical police pistol from the last war tens of thousands of these have been traded on the black markets and prizes a risen just has to come so i could buy one relatively easily from the black market sure. legal guns have only been registered nationally since 2013 there are 6000000 registered in germany and experts think there are least 10000000 illegal guns left unregistered some even say up to 30000000. how easy is it for me to get a firearm in germany. i have an appointment with helmet i don't mean. you can bring about. out of you but hello mr adam a i'm here to have a little look around. for a helmet is a 6th generation gunsmith in

in fact everything is slightly moving and so inside the optical module we have some very precise qantas's which measure the rotation of the sphere and its inclination in all directions. in the rare event that a neutrino hits the nucleus of an atom in the ice it creates a. light that activates the individual senses on its flight path from the direction of the flight path the researchers can reconstruct the position of the neutrino source. the amount of light that we detect in the telescope actually depends on the the energy of neutrino so if a low energy neutrino was the internet there wouldn't be very much like it's worth when it's a very high g. event the whole detector will be will be lit up like a christmas tree. and 3 net will be a powerful deep sea detector counterparts of ice cube in the northern hemisphere. each detector string is 800 meters long and carries 18 sensors the size of a basketball. if you were able to walk around on the scene amongst the forest of the things i think you'd be quite an impressive sight to see. the telescope is not rigid it floats on the water current so

tree i think it's how you approach an individual and that's what it is a certain way of doing it qantas story and die out. hello again the top stories on the al-jazeera news hour more shots have been fired in sudan's capital khartoum dozens of people are known to have been killed since monday and senior opposition figure has been arrested and beaten by security forces russia's president vladimir putin's house ties with china are at an unprecedented level he welcomed chinese president xi jinping as he arrived for a 3 day state visit to russia. australian police have carried out a 2nd raid on journalists in as many days officers of the a.b.c. in sydney have been searched and the raid relates to the national broadcasters investigation of alleged war crimes by australian special forces in afghanistan. the un says thousands of hectares of vital crops and farmlands have been burned by fighters in northern syria both government and rebel forces are being blamed for the destruction and this comes as the latest violence an adlib province has seen dozens of people killed and at least 300000 displ

we are also talking qantas here. and a preview of the reserve bank of australia. yvonne: plenty more coming up with that. as well as the morgan stanley australia summit. this is bloomberg. at comcast, we didn't build the nation's largest gig-speed network just to make businesses run faster. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. take your business beyond. ♪[music] >> 10:29 in hong kong. as well in new york, p.m. of course. local media reports saying two aslion pigs have been culled african swine fever spreads. reports in the newspapers saying ministry of agriculture continue. spread will vietnam has the world's highest consumption of pork per capita, accounting for thing like -- something like 70% of meat consumed in the country. >> we now know it's an election biggest not onl

british airways qantas, lufhansa and malaysia airlines will avoid them as well. president trump approved and called off. the navy drone was in its air space when it fired the missile and this morning iran said they had warned the drone several times before launching a missile at it. the president says he believes someone in iran made a very foolish error in firing that missile. >> i find it hard to believe it was intentional if you want to know the truth. i think that it could have been somebody who was loose and stupid that did it. we'll be able to report back and you'll understand exactly what happened but it was a very foolish move. that i can tell you. >> a professor of politics and middle eastern studies at the university of san francisco points out that president trump campaigned on withdrawing u.s. forces from the middle east war zones. >> i think in certain ways he's reluctant to push things but at the same time he's got some real hawks on board. secretary of state pompeo national security advisor bolton they've been pushing for a more aggressive stance.

registered airlines are doing this, but companies like ba, klm, and qantas have joined in.own of an aircraft over ukraine years ago, so the airlines are saying, we want to be extra careful. we do not want a disaster. what is this exactly, a precautionary measure because they worry about the safety of the airspace? benedikt: this is very much precautionary and the companies and airlines are saying, we can easily add a couple minutes to a route so long as we remain in safe airspace. for the u.s., at is not a precaution for the u.s., it is an order, so they have to follow that, but a lot of airlines are following the example. the faa holds a lot of sway and whatever they say, airlines around the world might follow. some have said when monitoring sayings, you will probably over the next few days say more airlines fall into line particularly if tensions reached another boiling point. francine: thank, benedikt kammel. let's get back to central banks as we await our conversation with richard clarida. michael mckee and bill lee are both with us. we had a hint when it came to pmi in

the list now includes qantas emirates british airways klm as well as united airlines which suspended its service from newark to mumbai on thursday, according to flight data from today. only iranian and that hardy operations were flying in that area. today members of iran's revolutionary guard released video of debris, you see it here that they claim is that us drone that they shot down earlier this week have can keep you posted. thanks grant 3 separate explosions sparked a massive fire at a south philadelphia oil refinery that fire broke out about 4 o'clock this morning. >>according to philadelphia energy solutions for people suffered minor injuries and were treated at the site it has not been determined exactly what's burning but officials believe is mostly propane because it is an oil refinery firefighters have had to use extra caution. >>the fire right now subsequently different than it was when we got here. the fire is not under control yet right now companies are making sure that the fire does not spread as best they can. and the philadelphia fire department is supporting operat

thursday's judgment is not enough they believe the hospital thora he's failed in their duties it's not qantas not true to the original i hope the connection of the deal was but it is made clear i believe it's very important for all of us to bring those just wanted to just as well lodge to become a seal is a model. for hogle is already serving a life sentence for the murder of 2 patients during his time at the 2 hospitals in handing down the verdict on thursday the judge told her goal the scale of his crimes made the mind boggle meaning that one of germany's most prolific mass murderers is unlikely ever to be released dominic kane al-jazeera berlin. fact chrysler has withdrawn its proposal for $35000000000.00 merger with france's renna reversing plans to create what could have been the world's 3rd largest comic italian american company blamed the collapse of the deal on current political conditions in france the french government has a 15 percent stake in renault in early trading shares in both companies tumbled along with japanese com a can if san which is run as largest stakeholder another b

there will be interviews from the agm with qantas ceo alan joyce live later this morning.ou will hear steve's full precision with lufthansa ceo and the emirates presidents. coming up next president trump is on his way to reunion with theresa may vary will look at his visit. this is bloomberg. ♪ mberg. ♪ shery: this is daybreak asia. i am shery ahn. paul: i am paul allen. president trump is heading for the u.k. he has a busy agenda, attending a world war ii ceremony of remembrance. there are issues of geopolitical -- issues on how to treat wally jodi schneider, so might not be an easy visit for president trump based on some of those headlines we have seen coming out from britain. reporter: that is right even though there will be idea pomp and circumstance and he is meeting with prince charles and queen elizabeth, he did say things that got him attention in the british press. one was he thought boris johnson, the former foreign secretary, would be an excellent prime minister, candidate to replace theresa may and also that nigel farage would be good to lead the brexit, the ex

australia's qantas, air france, holland's klm also announcing they would avoid flights through the regione-routing their flights as well. you can see the reaction in the industry. neil: thank you very much. to the heritage foundation vice president of national security, foreign policy, jim carafano. what do you make of this, out of an abundance of caution, don't mess around there? >> absolutely. we all remember the situation in the ukraine where a crew shot down a commercial airliner, malaysian commercial airliner. you would think that these military aircraft, they fly different patterns, different altitudes. you shouldn't mistake them for a commercial airliner, but we have some reporting now that the u.s. global hawk was actually shot down independently by a tactical irg commander. if they are making those kind of unprovoked actions, you wouldn't want to risk a commercial airliner even though the risk is probably not super high, you just don't know because you don't know the crews or the systems. definitely the snart momart mov make. neil: we made the same mistake ourselves when ronald r

because it has to go through and fly over that air space, but international airlines like australia's qantast region as well. this isn't the first time we have gotten guidance to avoid that air space. earlier, united suspended flights from newark to new delhi because the pakistanis closing their air space. stuart: got it. look at this, please. the military division of volvo released this concept vehicle but it's for the french army. the front and back wheels can turn independently so it can move sideways like a crab. look at that. that's cool. i want one. >>> boeing joining the push to put american astronauts back in space on american capsules. the starliner mission hopes to transport nasa astronauts to the space station by the end of this year. next we get an exclusive look at the starliner capsule. we get it all on "varney." "curiouser and curiouser," said alice. "the rabbit-hole went straight on like a tunnel for some way." "i've seen a cat without a gri, but a grin without a cat." hey, mercedes, end audio. change lighting to soft blue. the completely reimagined 2020 gle. with intelligent

over everything from infrastructure projects to immigration but both parties leaders have reacted to qantashreat by reaffirming their commitment to the coalition this was his message to them. i asked both political forces and in particular their respective leaders who also play a role in the government to make it clear choice and to tell us if they intend to continue in the spirit of the contract stipulated with the goal of implementing the actions for its realisation of its contents in the interest of the country or if they prefer to reconsider their position because they cultivate the hope of an electoral test so take on this news our chicago south has its most violent weekend of the year so far. digging in for a brighter future how mexico is trying to lift people out of poverty. and a much needed victory for pakistan the cricket world cup the action is all. we got plenty of showers scattered across much of europe at the moment heaviest of which is down towards the balkans pushing over towards the black sea a little slots of clearer we got some of the more unsettled weather piling in from