i think those were two very credit suitors for starwood.got the prize that it sought. i think starwood is in very good hands. >> right. >> but if anything, i think this puts more people on the path of looking to china for capital. in the case of am, the wanda group, which owns 75% of amc, wouldn't like to be called a chinese/american venture because 25% of our owners are u.s. institutions in the stock exchange. one has been a dream shareholder for amc. it's allowed us to reinvest, it's allowed us to acquire, it's allowed us to growth. the wanda group and china has been a fabulous source of capital -- >> sure. on legendary pictures as well. adam, good to see you. thank you for spending the time. adam aron joining us, ceo of amc entertainment. >>> wti is below $44 a barrel right now. there's still massive wildfires, though, in canada threatening oil supply. our deirdre bosa is live in alberta for us with the latest. deirdre. >> reporter: hey, sarah. well, there was a bit of optimism over the weekend from fire officials, but as you say, it's s

. >> not only in the airlines but but marriott and starwood get together. it was a natural progression. we had supposedly jetblue was trying to get virgin america as well as alaska. the question now is what happens to jetblue? and a lot of folks are saying, maybe alaska ought to buy jetblue too then you really would have a large carrier that could go toe to toe with the four major players right now. >> i was going to say, even combined they are the fifth largest airline, right? >> right. >> still lacking a lot of major hubs. are they going to be able to compete as is? >> i think so. they are not going -- they of course are not going to be as big as the big four but they'll be close. at the they swallowed kbret blue, they would have the whole east coast and routes into central america and caribbean where jetblue has gotten very big. >> richard branson said he would be willing to start it all over again. is that a realistic? you've said maybe small cool airline doesn't work. >> i don't know. richard branson -- >> does a lot of things. >> does say a lot of thi

the numbers are not bad. >> your former company, starwood. >> yeah. >> getting taken out by marriott.hink it's a really good deal. >> what did you thing of enbang trying to get in there? >> i was surprised they dropped the way they did. i mean that's -- one of the problems the chinese have in american markets is they have a reputation for kicking tires hard and walking away. that didn't help. i imagine the government said stop. >> you think the chinese government said stop. >> yes. an article came out in the "wall street journal" about who is enbang and where did they come from, where does the money come from? they went a step too far. number one buyer today for property in the u.s. used to be the canadians by a huge factor. year-to-date it's been the chinese by eight to one over the canadians. it will be interesting to see whether the money continues to flow to get out of china. if you're worried about china, the money will come out or the government slams it shut and says stop investing offshore. >> you distinguish between the individual buyer who is desperate to get their money out

starwood has been trying to sell real estate before being acquired by marriott.dfinger expects to tap capital markets to fund new aircraft. speaking in riyadh, khalaf al habtoor says the airline would also finance aircraft through leasing. he highlighted staff reductions as a sign of their turnaround. >> we have done a major restructuring. have more than 6000 employees per today, they have short of 3000. today, a vast majority are newcomers. the company will do a they profits,d, commercial commercial testing. it could transform the company from the state owned to commercial. industriesudi basic improving operating efficiencies. [indiscernible] we are seeing a pressure on the pricing and profitability. we are leveraging the strategic capability. we have a product portfolio. they will appear like a one-stop shop for all of our customers. the other thing is we are leveraging cost efficiencies. trump is all but assured of going to the republican convention as the presidential nominee. after his last remaining rival -- john kasich -- made his decision. -- wassich has

starwood also beating estimates in the premarket.avid einhorn saying his -- shortt capital is the commodities play, along the i.t. play. and apple down yesterday. its eighth day in a row with a loss on the stock market. that's the longest streak of losses since 1998. if it finishes in the red today it will be the longest streak since 1991. it was about $.10 away from cutting that losing streak yesterday. it will be a story throughout the morning. the big story in europe is ubs. banks have been struggling due to market volatility and tighter regulation. ceo onnson spoke to the what he thinks is affecting the banking system. >> if i look at the kind of market conditions we have been operating at, those results are resilient. profitability in those kinds of environments is not easy. most importantly we have been doing that while keeping the and the possibility in a more normalized environment to deliver stronger results. considering the environment i am pleased to see how we operated. warned intty much march that things were going to be

facebook, allergan, starwood.ese are just increasingly popular names and we're going to see bigger moves on a short-term basis sfwhie, what surprised you? we had the biotechs up. the semiconductors were up about 8. >> i was going to say, the fact that the ivp. you talked about it. i think that's an encouraging sign. and the fact that crude oil continues to climb higher. the caveat is this. the volatility index was higher today. that typically moves higher. you didn't necessarily get that today. it would be interesting to see if it leads and maybe we're in for a mini selloff in the crude. again, it's the resilience of the broader market. it's somewhat stunning to me. >> this kind of trickle which i wonder at what point adds up to more of a flow. what impacts these markets more? you have it fixing lower and lower even if gradually. lower since 2011. every time we see this weakening it's been a bit more panicky. we've had goldman talking about a capital outflow. you have bik point up in price. >> it's interesting, th