they were made from tim clark who had a conference in miami. saying the search is a goose chase. families that is so disheartening. they already heard from the australian government a few months ago that yes they will expand the search to 46,000 square miles from 23,000 square miles. but if nothing is found within that vicinity or search zone, the search will be called off. extremely disheartening for the 239 people that their families who obviously are holding on to hope. that is all they have. no wreckage. no information. no explanation as to what happened to mh-370. all these people have is hope. to hear these comments from the head of emirates. one of the major airlines in the world that has been a major blow. >> anna there is a theory that explains how the plane could disappear without a trace. what is the new theory? >> reporter: we have to remember it is more than 15 months now since mh-370 from kuala lumpur to beijing. less than an hour in flight it veered off course and disappeared from the radar. so this new theory is by a math professor at university in qatar. he has s

beat tim clark in the playoff. peter: this is all about how the ball comes through the flynn building. jim: yeah. >> best club in the bank for distance control -- in the bag for distance control. jim: hole it, you win it. two putts for the playoff. nick: as i said, there's a choice of two. that's not bad. that's three feet. so -- i might need that pin sheet back, he says. jim: the quicken loan shot of the day belongs to paul casey early in his round third hole. one hot and -- one hop and home for the eagle. but he'll tell you this is his favorite shot of the day right here the family portrait. with poly anna and his little boy lex. graham delaet is going to make -- not intentionally but he's going to study this putt and give watson time to stew over that three-footer. and for delaet, this would be 265, 15 under par which would join him with harman. tied for third. it makes it -- nick: ok. settle down. [crowd noise] nick: nice gesture from bubba. oh go on. good try but it still -- got to finish it off. jim: yeah, th

guy: what would keep tim clark happy at emirates? >> why don't you ask him? very happy about the three haiti -- the 380. he built a program largely around the 380. it is a money making machine for him. guy: when he favor the neo? >> talk to him yourself. he has been public about favoring product enhancement, engine enhancement, etc.. the product has a great future. guy: let's talk about the a 400. we are sad about the crash that happened on the aircraft. when will you be able get production back in the air again? >> i hope it is not a question of weeks, more of days. we fly every day. the british air force has never stopped flying it. they are resuming flight today. we are gearing up to deliver the program and to deliver the aircraft that we have committed to delivering to our customers minus one. guy: you know where the problem lies? >> absolutely. we understand the problem. we have launched a wide investigation into the process and quality. the usual stuff you do in a situation. we know we can fly this aircraft safely. on that basis, we hope to resume produ

is that going to be enough to satisfy the likes of tim clark, the ceo of everest? putting new engines on this airplane and making it more fuel-efficient. he said he will order to hundred of them if airbus does that. but the ceo of airbus group says he will not do it for one single customer. we will talk to tim clark tomorrow at the airshow and we will try to get his point of view on what needs to happen next. that is the big, overarching story area what is going to happen with fuel, what is going to happen with the cost of capital, what is going to happen with the efficient planes that manufacturers are making? fran a lot going on. you kind of feel that maybe this is about as good as it gets for the big manufacturers like boeing and airbus. fabrice brÉgier could be coming around the corner any second now. we will wait and see whether he will join us. in the meantime, let's talk about the defense side of the businesses. we are watching very carefully the impact of the apartment of defense budget cuts that continue to ripple through the defense sector. it used to be

do you have any update on what that would mean, and do you think that would satisfy tim clark over atmirates question mark -- over at emirates? >> the first thing we need is to get him on board. it is clear we need to invest in a revolution in the family and in a market that doubles in size every 15 years, we also need to stretch. it all depends on market conditions. >> when do you think you will make a decision on either a new engine or a little stretch? year,rhaps not this perhaps not see her. it will be sometime. betty: bloombergs guy johnson joins us now from the paris air show. theeat interview with airbus ceo, but you also got a chance to talk to the boeing ceo. mark, i don't know if you seen this. here we go. a vertical take on the dreamliner. that is incredible. it is also pretty scary. the does this say about dreamliner's? guy: they were really happy about going live with that. they were showing it off here at the paris air show as well. thate did the engine for aircraft and they were excited as well. with all of these things, you take a bunch of orders and then you've got to

tim clark also told us the 8380's final to his business plan. >> this plane is vital to our businesslan and model. it is a hugely successful operation. it continues to draw consumers. they still get out of their way to go on the airplane and they love it. will bear anors from the american food supply. the main source of that is partially hydrogenated oils used in frying and big goods. the fda has said that transports . pose health risks. olivia: still to come on ," a gameg markets day of musical chairs in the health insurance industry. otherp eyes eyeing each -- the top names on each other as takeover targets. plus, under armour investigates -- yemen is onr in everyone's mind. the special interview you do not want to miss. erik: investors trying to digest effect of a potential greek default and the possibility of that is growing more likely. a hedge fund manager is not too worried, here's what he told us. >> greece defaults on public sector, no big deal. decided 1.6 trillion. the greek default is about 120 billion. governments have issued a response. olivia: shorten it off. incredibl

any details on what that might mean, would that satisfy tim clark over at emirates?e first thing to do is to break even financially this year , to get additional customers on board. it is clear we will have one day to invest in the evolution of this family, but as the market doubles in size, we will also need a light stretch. this aircraft is capable of it. it all depends on the market conditions. you think we will learn about that, when will you make a decision on a new engine or a little stretch? >> perhaps not this year or next year. this is, i believe, for after 2020. ,carlet: fabrice bregier president and ceo of airbus, playing coy with guy johnson. coming up, apple supports ad blocking. we will hear what martin sorrell has to say about that. ♪ scarlet: welcome back to the bloomberg market day. it is a monday after the season five finale of "game of thrones." spoiler alert, for anyone behind, you better turn down the volume now. conditioned to expect, it was a bloody and for several characters, with one beingcharacter, jon snow stabbed and left to die. i had to

there was a piece talking about the fact that tim clark is looking to coordinate some issues with easyjetyou make of this? how does it work for emirates? how does it work for easyjet if these two were to get together? >> they are looking to penetrate the market more. they are restricted in some ways. in berlin they only have four landing permits. cooperating more closely with the likes of easyjet would give them greater access into secondary airports. it would support that notion. they have started working with the french railway. combining those modes of transport, helping people get on to trains. really, it's a way to get even deeper in the european markets. we probably will see more of that. in some ways the business models are not that different. they are basically about disruption. they are about mass transportation. you would inc. easyjet, ryanair and emirates are two different beats. >> the paris air show is underway. we will have plenty of coverage coming from that. some great coverage coming out of bloomberg news. i want to draw your attention to what we got. diabetes care, we ar

we're talking to tony fernandes and tim clark, the ceo of emirates.e on the flight taking place. more on bloomberg.com. some great stories from the scene at the paris air show. back to you. anna: thank you. guy johnson live in paris. the fed meeting this week, they start the meeting today. they do not start tomorrow. it is a two-day meeting. we get the results of it tomorrow. thank you to jerry for reminding me. let's talk about the u.k. housing market. it has been a good first half for crest nicholson and we are joined by the ceo, stephen stone. great to see you. some headlines from your release this morning. revenues are up, other key metrics seem to be in the right direction. give us your overall verdict on the numbers you put out this morning. stephen: we ipo'd back in february. we set ourselves targets of 2.5 thousand -- two at a half thousand homes. we revised to 2016 to saying toward a billion pound revenue and around 3000 homes. after the election we have greater certainty going forward. wages, growth and you have some of the best mortgage rat