our north america business correspondent samira hussain is at boeing headquarters in chicago. what is the latest from boeing there? it is hard to imagine a worse position for a playmaker to find itself in. its most importantjet has been grounded everywhere and so now the pressure is on boeing to find a fix and to do it fast. already some airlines are talking about compensation and with almost 5000 outstanding orders for these planes, this crisis is quickly becoming a costly one. just this week the playmaker has lost some £20 billion in market value. while there are questions for boeing, there are also questions for american regulators. historically this country has been at the forefront of aviation safety, but in this insta nce aviation safety, but in this instance the leading authority was playing catch up. thank you very

that is outside boeing h0, samira hussain. outage in its history, with many of its services inaccessible to users across the world. the company has said it is trying to resolve the issue. apart from facebook itself, messenger and instagram have also been disrupted. it's not known what's causing the problem , which began at around 16 hundred hours gmt. here's dave lee. i think we can comfortably say now that this is the most severe outage that this is the most severe outage that facebook has had in its history. the last time that facebook has been down for this long, we are 110w has been down for this long, we are now over five hours into this issue, the last time it had a problem as bad as that was back in 2008. of course, the site was a most different type of place then, it only had around 150 million users, compared to around two point viability and it has now. as you mentioned, this is affecting not only be facebook up, but what's up, instagram, even the virtual reality platform, oculus rift, that has been suffering from so

but samira hussain reports, it's not without controversy. traffic in the big apple. have been battling gridlock for decades. it is definitely not new but without a doubt it is getting worse. navigating new york is becoming unbearable. 0ur regional population has grown, from 19 million, expected to reach 21 million in 2020. the failing train system has driven more commuters to cars, which has in turn generated more traffic. lawmakers are finally addressing the issue. they want to implement congestion pricing, so that means charging cars and trucks a fee for driving into the city. the money it makes will go directly into improving new york's ageing subway lines. new york is late to the game. copenhagen is the latest city to implement congestion pricing. when london did it, back in 2003, there was a dramatic drop in the number of cars entering the city centre. but taxis were exempt and, with the meteoric popularity of ride—sharing companies, like uber, traffic in london has now skyrocketed, leading the mayor to drop the exemption. car horns blasting. new york has alread

samira hussain outside of boeing's headquarters in chicago. final enclave in eastern syria has been pounded with air strikes and artillery, as the syrian democratic forces intensified its offensive in baghouz. the us—backed assault aims to wipe out the last shred of islamic state's territorial rule that once spanned a third of syria and iraq. over 1,500 people left the area and surrendered on tuesday. thousands of protestors in algeria have again taken to the streets, despite the decision by the ailing president, abdelaziz bouteflika, to withdraw his candidacy for a fifth term in office. protesters are accusing the president of a ploy to prolong his 20—year rule. the 82—year—old postponed presidential elections that were originally scheduled for next month, though no new date for the election was set. you're watching newsday on the bbc. still to come on the programme: she was one of two women accused of killing the half—brother of the north korean leader, kim jong—un. now freed, siti aisyah talks to the bbc. also on the programme: in venezuela

well our business correspondent samira hussain is at the boeing headquarters in chicago, and gave usourse scrambling to try and avert a full—blown crisis. scrambling to try and avert a full-blown crisis. the federal aviation authority, the regulatory body that oversees aircrafts in this country, they have again just reiterated their confidence in these planes and said they do not see any reason to ban them from american skies. that said, there is a growing number of us lawmakers that want to follow what other countries have done on to ground these planes until they can find out exactly what went wrong. absolutely, a lot of pressure right now on the us fa ground these planes, especially from politicians on capitol hill. this is uncharted territory for boeing. it is meant to be the compa ny‘s territory for boeing. it is meant to be the company's cash cow, with 4500 of the models set be delivered. absolutely, so many orders for this plane and in fact, boeing was meant to release another aircraft this week which they have delayed and it is unclear when the aircraft will also be released

samira hussain has this report.ing much more of the oversight of boeing‘s engineering to the company itself. this is not an uncommon practice but it means the industry is left regulating itself. so lawmakers ask the acting head of the federal aviation administration, the federal aviation administration, the faa, why they didn‘tjust maintain all of the oversight. answer? money. an estimation that would require roughly 10,000 more employees to do that role and about $1.8 billion for our certification office in the faa. lawmakers also asked why took the us days before it grounded boeing‘s 700 37 max fleet. in defending its decision, the faa said it took action only when there was up—to—date satellite information which showed a similar trajectory to the two planes that crashed. the united states and canada were the two countries and that‘s important, the ones that grounded it. when you ground aircraft for a reason, then you have something by which to underground them and when you‘ve mitigated that all solved it or found

samira hussain is there.can retail giant target and coles went both companies report their earnings on tuesday. 0thers both companies report their earnings on tuesday. others will report their profits on wednesday, and the week ends with the latestjob prospects for the month of february, on friday is also international women's day. 0n is also international women's day. on monday, the commerce department is scheduled to report construction spending data for the month of december, and total construction spending is expected to have gone up 0.2% in december. just a quick correction. main ones meng wangzhou is on house arrest, we should point out, she is not behind bars, whereas carlos ghosn is in fact behind bars. just to clear that up. joining us is tom stevenson, investment director at fidelity international we are talking about closeness here. that is the story that is driving markets overnight in asia, and we are seeing it feeding through into shares in in europe as well. it is a combination of things. posit

and samira hussain has the details of what's ahead on wall street today.ecession fears. what about consumer sentiment? we will find out when the conference board issues its latest consumer confidence index and it's expected to continue to recover from the january drop. economists projecting it to rise to 132 in march from 131.1; in february. what is supporting this optimism? the booming labour market and rising compensation. also look out for a trifecta of data that should shed light on the state of the american housing market. there is the house price index, the commerce department also scheduled to report building permits probably rose in february and it's due to report housing sta rts and it's due to report housing starts which are expected to have dipped. the mirror in new york with the latest on what's happening in wall street. joining us us kokou agbo—bloua, head of market strategy at societe generale. looking at the board and it was all done pretty sharply yesterday. why? this is part of the way the market works. we have profit taking from people wh

but samira hussain reports, it's controversial.n battling gridlock for decades. it is definitely not new but without a doubt it is getting worse. navigating new york is becoming unbearable. 0ur regional population has grown from 90 million, expected to reach 21,000,020 20. the failing train system has driven more commuters to use in cars, which has in turn generated more traffic. lawmakers are finally addressing the issue. they want to implement congestion pricing so that means charging cars and trucks for a fee for driving into the city. the money it makes will go directly into improving you your‘s ageing subway lines. new york is late to the game. cope and hagan is late to the game. cope and hagan is the latest to implement congestion pricing. when london did it in 2003 there was a dramatic drop in the number of cars entering the city centre. a were exempt and with the meteoric popularity of ridesharing companies, traffic in london has skyrocketed leaving the mayor to the exemption. new york has already levied a congestion fee on

samira hussain has more from the headquarters in chicago. this is really a big dealfor boeing.ane maker wants to hear — that its most importantjet is now no longer allowed to fly. so there's really a lot of pressure on boeing to find a fix for this plane and to do it fast. there are almost 5,000 outstanding orders for these planes. already, there are some airlines that are talking about seeking some compensation from boeing. they are in the process of upgrading their software and this is something that they were working on after the lion air crash, and there are reports about massive amounts of delays with regards to that update, so this crisis is quickly becoming a very costly one. if you look at the market value of boeing, it has really taken a hit this week on trading. so, boeing needs to do something and it needs to do it quite quickly. there is, of course, the cost factor, but there is also the reputational factor as well. from chicago, outside the headquarters, that is samira. and breaking news from reuters news agency. copy here saying that japan has now banned all fligh

our north america business correspondent samira hussain is in chicago, the global headquarters of boeingboeing headquarters in chicago, the company remains tight—lipped, but there is no doubt this is a company that is scrambling to avert a full blown crisis. for now, boeing has managed to avoid the trump administration aviation authorities from banning the plans from american skies. but it is unclear how long that will last as many us law makers are now growing concerned and want to follow the lead of other countries and ban these 737 max 8 planes from american skies. and there are signs that american fliers are thinking twice about getting on to those jets. the us president has in fact addressed this crisis by tweet. he did not address boeing by name, but he said, planes are becoming much too complicated to fly. thank you. three climbers have died following an avalanche on ben nevis, the highest mountain in the united kingdom. one other has been injured. police scotland were alerted to the incidentjust before midday. our scotland correspondent james shaw reports. in driving rain and low

samira hussain is at boeing headquarters in chicago.downtown chicago, the company remains tight—lipped, but there is no doubt that this is a company that is trying to avert a full—blown crisis. now, the aviation authorities here in the united states have again reiterated their confidence in these boeing 737 max 8 planes and they see no reason to ban them from american skies. and boeing, as well, has said that they are also confident in these planes. that said, there is growing concern from a lot of people, including investors. for two consecutive days, we have seen that boeing's share price has dropped by more than 6%. now, a growing number of us lawmakers are calling on the aviation authorities here to follow suit of other countries and to ban these planes from american skies. and something that boeing will certainly be looking at is that there is now some american flyers that are hesitating about getting on some of these jets. breaking news, and reuters news agency is reporting that the black box will be sent overseas for analysis, ac

and samira hussain has the details of what's ahead on wall street today.ent will release its retail sales numbers for the fourth month of january. given that two thirds of the american economy depends on consumer spending, these numbers are important and closely watched. in december, retail sales fell by 1.2%. also happening on monday, the white house will release president donald trump's budget proposal. now, this will serve as the basis for a debate with congress about the government's spending for the next fiscal year. if no agreement can be reached, then spending will be kept at the levels established back in 2011. the last budget deal — which increases government spending by nearly $300 billion over two years — expires september 30th. from new york, with a look ahead to what is happening in the us. joining us isjeremy thomson—cook, chief economist at the currency exchange firm world first. it is nice to see. staying in the us, trump and the budget, what do we expect? new fiscal plans coming out for the trump administration, they we re for the trump ad

samira hussain, new york.y sound like places that people have beenin sound like places that people have been in for a while. it needs to find new ways to make money, for the longest time, the iphone was the big money makerfor apple longest time, the iphone was the big money maker for apple but we are seeing now, people are not switching their iphones as quickly, and they need to find other revenue streams. strea m need to find other revenue streams. stream is the key word, they have unveiled a whole bunch of new services, different streaming services, different streaming services, that you can use on the phone. apple tv, apple plush, apple news, apple news plus, and they have even released an apple credit card... one issued by this tech company, and not at all by a bank. in terms of the television streaming service, how does it differ from what we can already use? what they needed to do was try to make this into something that is different from what is already available and something that will. .. from what is

following a fatal crash in ethiopia at the weekend. 0ur north america business correspondent samira hussaino, and sent us this report earlier. 0utside boeing's headquarters in downtown chicago, the company remains tightlipped. but there is no doubt that this is a company that is trying to avert a full—blown crisis. now the aviation authorities here in the united states have again reiterated their confidence in these boeing 737 max 8 planes and they see no reason to ban them from american skies. and boeing as well has said that they are also confident in these planes. that said, there is growing concern from a lot of people, including investors. fortwo consecutive days we have seen that boeing share price has dropped by more than 6%. a growing number of us lawmakers are calling on the aviation authorities here to follow suit of other countries and to ban these planes from american skies. and something that boeing will certainly be looking at is that there is now some american flyers that are hesitating about getting on some of these jets. heavy rain and strong winds are starting to hit parts

samira hussain is at the new york stock exchange.to bring absolutely eve ryo ne wants to do is to bring absolutely everyone together and to show them what they've been doing with the planes, and how they operate. so they've invited 200 different people from all different parts of this investigation, so you have regulators, airline pilots from all different companies, or all different companies, or all different airlines that are using these max jet planes, different airlines that are using these maxjet planes, and different airlines that are using these max jet planes, and they want to bring everyone together, and to do this one on one in person. that according to other people who have been invited to this have said this is what they want to do. does it meana is what they want to do. does it mean a potential fix to the software of these planes could be around the corner? that is certainly the feeling we are getting, but the fact we are seeing that boeing has invited all these people and wants to brief them in person, it really gives

wall street analyst at citibank: samira hussain is in new york. where is the political game here? congressional leaders called up the leading pharmaceutical companies to talk to them about the high cost of prescription drugs, and what it is pharmaceutical companies can do about it. this is an issue a lot of people are talking about. if you look at one of the biggest issues for american voters in the last election, the midterms, health care was number one, and a lot of americans are complaining aboutjust how much they have to pay when it comes these prescription drugs. that political cost that you mention, well, insulin is one of those drugs that, if you look at how much people have to pay, it has doubled in just five years, and it is a very important drug for diabetics, who rely on insulin on a day—to—day basis. what eli lily was basically saying was, look, the political game i cutting that is going to be much better than any sort of economic neutrality that it's going to get because of that. thank you. the founder of the fashion brand ted baker has resigned. it follows alllegatio

samira hussain in new york. what exactly is the firm admitting that it did?n levied against perdue. and in this particular lawsuit, by the state of oklahoma, they were just one of the other several other drug companies that were named in this lawsuit with regard to their actions with regards to 0xycontin. in this particular lawsuit, basically they have settled and have said that we will contribute to building these organisations in these institutions that will help with any sort of drug addiction and in addition, the family who owns purdue have also been going to contribute to this as well. presumably, there are regulations around which these companies promote these kind of products. that is really been the key, just to what extent there has been or what role this kind of active marketing and promotion has had and that the prevalence of 0xycontin. and back in 2007, there we re 0xycontin. and back in 2007, there were people who work for the company who pled guilty to this aggressive form of marketing. to both regulators and to doctors in terms of prescribing t

samira hussain has more. lawmakers are finally addressing the issue.e city. the money it makes will go directly into improving new york's ageing subway lines. new york has already levied a congestion fee on taxis and for hired cars. but cab—drivers are challenging it in court, saying the increased cost will hurt their business. new york's subway system is in desperate need of upgrades, and congestion pricing could be a way to fund it. but in new york, like other cities in the world, it costs more in the centre. so it is lower—income people that will shoulder the burden of the congestion fee. see you in a couple of minutes for more on brexit. hello there. good evening. flooding has been making the headlines around the world over the past few days, and we'll head to north america first to record river levels in some central parts of the us. the more recent rain has actually come from that area of cloud. it's been pouring down across some parts of florida. that weather front will take that rain away. these two fairly weak systems, though, will combine to

let's cross to new york and speak to our business correspondent, samira hussain.oma ? pharmacy, how significant is the settlement and oklahoma? they are still facing around 200 other lawsuits, but this is significant because it is the first, and one in which they settled for a pretty big amount, $275 million. this could be amount, $275 million. this could be a sign that there are more settle m e nts a sign that there are more settlements to come in some of these other lawsuits. now, settling means that some potentially damning information about how aggressively purdue pharmacy post pushed this drug and how addictive it was, does not come to light because they settled. now there are rumours that perhaps purdue may file for bankruptcy, which would put all these other lawsuits on hold. yesterday, we talked about the damage to the reputation of the sacklerfamily, even damage to the reputation of the sackler family, even members damage to the reputation of the sacklerfamily, even members of the family not even associated with purdue pharmacy. but how damaging has this

samira hussain is at the new york stock exchange. what is the accusation?and otherfinancial instruments to american investors, raising some $13 billion. but when they were doing that, they knew all about the admission scanner that was happening in volkswagen. but the american investors i think was that it was sold to investors unlawfully because they knew they were bad things happening in the company, and yet, they still sell these financial instruments to investors here. the former chief executive is also being sued? he is also being sued cell volkswagen for its part has counted to let that sec is a and the logic that they are using is in fact flawed, this is not what happened with the investors who that investments, they make their money back with interest. cell volkswagen looks like it wants to be fighting these charges. like that —— looks like it wants to be fighting these charges. like that -- markets? a little bit filing, 117 against eight—year—old. ajob a little bit filing, 117 against eight—year—old. a job to us again, very much credited the brexit

let's talk to samira hussain, north america business correspondent.had more spending money and they have bought a big ticket items and these items are often made in places like china. on the other hand if you see in terms of exports, the united states has not been exporting things they make overseas as much and part of that reasoning has to do with the really high american dollar so it has made their staff american made items, a lot more expensive —— their stuff, american made items, a lot more expensive for people to buy and this has put pressure on the trade deficit numbers and that is why we are seeing a big gulf between the two. donald trump has not said anything on twitter so far, how will this play out? the day is young! what about the negotiations with china and also the uk because they have been talking a lot about doing trade deals with the uk after brexit. president trump, although he has pushed forward the protectionist ideal, he is still really a proponent of one on one trade deals rather than these overreaching trade agreements and that w

joining us now is our north america business correspondent, samira hussain: this could be significantthe second case as you rightly pointed out, in the last several months, that have said that look, this product is a carcinogenic and caused, contributed to the cancer in two different individuals. what it could mean is this could open the floodgates in terms of other lawsuits that are going to be coming against the company, which is now, has been acquired by bayer and that acquisition is important, because bayer is the creator of aspirin and had this really big reputation as being this, of the maker of aspirin but has become the number one seed and weed killer, and that had a lot of investors worried because it was acquiring the company, if you look at the share price of bayer since that acquisition to now, it has dropped by 35%, so this could be significant. yes, we are monitoring that. we know this case is one of several shall we look at the markets? the pound has slipped down through $1.32 amid the on—going uncertainty surrounding brexit. we will talk about google in the next hour,