needs to be more self-sufficient in technology chris lane a telecom analyst in hong kong with sanford c. bernstein believes that china now has the resolve to whip its semiconductor business into world leading shape even if it takes a decade to do so quote they're going to pour billions of dollars into preventing this from ever happening again he said in the long run strategically this might be worse for the us than the current situation so he's going to force china into the arms of iran forcing germany into the arms of russia so he's creating a multi-polar world which means a multi currency world which means block change but calling world the biggest loser is the us dollar in america yet in this case of course the u.s. corporations have benefited from the semiconductor business that needs microchips from here so it's helped us manufacturers the u.s. companies u.s. employees now he's forcing. out a business or is trying to bring them back into business but he was forced out of business because he couldn't you. u.s. parts but remember there are many many other nations the world and they all look at

needs to be more self-sufficient in technology chris lane a telecom analyst in hong kong with sanford c. bernstein believes that china now has the resolve to whip its semiconductor business into world leading shape even if it takes a decade to do so quote they're going to pour billions of dollars into preventing this from ever happening again he said in the long run strategically this might be worse for the us than the current situation so he's going to force china into the arms of iran force and germany into the arms of russia so he's creating a multi-polar world which means a multi currency world which means block change but calling world the biggest loser is the us dollar in america yet in this case of course the u.s. corporations have benefited from the semiconductor business that needs microchips from here so it's helped us manufacturers the u.s. companies u.s. employees now he's forcing. out a business or is trying to bring them back into business but he was forced out of business because he couldn't you. u.s. parts but remember there are many many other nations the world and they all look a

joining us now is daniel roeska, senior research analyst at sanford c bernstein. us. lots to get through. currently there isa lots to get through. currently there is a stand—off between the government and the airline. who will blink first? the stand-off is between the unions and management, of course. from this point on it is up of course. from this point on it is up to the unions. will they decide to give it a rest, have new management come in without new strikes going on, or will they keep on pressing? at this point in time there will be no deal until the new management is here, it is a dire situation the outline is in. these strikes are one issue for the outline, the share price has roughly halved since the beginning of the year, halved since the beginning of the yea r, sally halved since the beginning of the year, sally was talking about some recovery today. its problems have been ongoing, they have had to compete with low—cost airlines and the middle east and carriers with deeper pockets? a lot of the reaction this morning, iam not a lot of the reaction this

needs to be more self-sufficient and technology chris lane a telecom analyst in hong kong with sanford c. bernstein believes that china now has the resolve to whip its semiconductor business into world leading shape even if it takes a decade to do so quote they're going to pour billions of dollars into preventing this from ever happening again he said in the long run strategically this might be worse for the us than the current situation so he's going to force china into the arms of iran force and germany into the arms of russia so he's treading a multi-polar world which means a multi currency world which means block shame because the world the biggest loser is the us dollar in america yet in this case of course the us corporations have benefited from the semiconductor business that needs microchips from here so it's helped us manufacturers the u.s. companies u.s. employees now he's forcing. out a business or is trying to bring them back into business but he was forced out of business because he couldn't you. yeah u.s. parts but remember there are many many other nations the world and they all look

needs to be more self-sufficient and technology chris lane a telecom analyst in hong kong with sanford c. bernstein believes that china now has the resolve to whip semiconductor business into world leading shape even if it takes a decade to do so quote they're going to pour billions of dollars into preventing this from ever happening again he said in the long run strategically this might be worse for the us than the current situation so he's going to force china into the arms of iran force and germany into the arms of russia so he's treading a multi-polar world which means a multi currency world which means block change because world the biggest loser is the us dollar in america yet in this case of course the us corporations have benefited from the semiconductor business that needs microchips from here so it's helped us manufacturers the u.s. companies u.s. employees now he's forcing. out a business or is trying to bring them back into business but he was forced them out of business because you couldn't u.s. parts but remember there are many many other nations the world and they all look at this an

joining me now is daniel russka, a senior research analyst at sanford c bernstein.y have the long haul low—cost business we know about but they also have the europe to scandinavia business which makes loss. iag could come in and through —— pics free potential issues, which is the long haul business need more protection, and more corporate travellers, which iag could switch on overnight and give them the track record in restructuring low—cost airlines like vueling. they could help norwegian how to improve profitability on the tube to scandinavia routes. it has to raise more funds and it made a loss last year. it is struggling a bit, isn't it? i am concerned at this point. we are at the point where norwegian has not increased any fuel hedges, which means increased in the fuel price hits their bottom line and they are deepening their losses. they are -7.1%, deepening their losses. they are —7.1%, and that is not a pretty picture. norwegian, without any deal, will have to consider restructuring the business fundamentally. are theyjust holding up fundamentally. are theyj