boeing has been unable to deliver a software correction that can be approved by the us federal aviation administration there are 737 is boeing's best selling aircraft airlines of place thousands of orders so u.s. airlines end european air carriers of had to cancel flights due to lack of aircraft the airlines themselves are in just a terrible spot because they're selling spring break they're selling summer without knowledge of what their fleet is and all parties need to have complete transparency here so we can come up with some reasonable plan you know get this crisis get things back on track the loss of production at boeing might have a ripple effect that could burden the entire u.s. economy. that's financial correspondent and frank. is boeing's main competitor so they must be benefiting from this cross is how much of boost is that for us. you know in some cases av us has profited from the situation there had been a few clients in secure a whether to order us planes or boeing planes they eventually decided for us but the general capacity the potential for ever us to profit from this is limited you kn

boeing has been unable to deliver a software correction that can be approved by the us federal aviation administration their 737 is boeing's best selling aircraft airlines of place thousands of orders so u.s. airlines end european air carriers of had to cancel flights due to lack of aircraft the airlines themselves are in just a terrible spot because they're selling spring break they're selling summer without knowledge of what their fleet is and all parties need to have complete transparency here so we can come up with some reasonable plan you know get this crisis get things back on track the loss of production at boeing might have a ripple effect that could burden the entire u.s. economy. and let's bring in our financial correspondent in new york in scored a ripple effect there yes do we have a sense of what boeing's production pause might actually mean in the bigger picture . you know we have some estimates overall boeing is one of the biggest industrial companies in the country one of the biggest importing exporting companies as well and also one of the biggest private employers so the effects also

boeing has been unable to deliver a software correction that can be approved by the us federal aviation administration there are 737 is boeing's best selling aircraft airlines of place thousands of orders so u.s. airlines and european air carriers of had to cancel flights due to lack of aircraft the airlines themselves are in just a terrible spot because they're selling spring break they're selling summer without knowledge of what their fleet is and all parties need to have complete transparency here so we can come up with some reasonable plan you know get this crisis get things back on track the loss of production at boeing might have a ripple effect that could burden the entire u.s. economy. equality between men and women the has improved that is the result of the latest study of the world economic forum on the issue of the so-called gender gap among the most improved countries where if yo p.n. mali bought in previous years nordic countries continue to lead the way to gender parity iceland is in the top spot for the 11th year in a row the country's gender parity is nearly at 88 percent according to

boeing has been unable to deliver a software correction that can be approved by the us federal aviation administration there are 737 is boeing's best selling aircraft airlines of place thousands of orders so u.s. airlines end european air carriers of had to cancel flights due to lack of aircraft the airlines themselves are just a terrible spot because they're selling spring break they're selling summer without knowledge of what their fleet is and all parties need to have complete transparency here so we can come up with some reasonable plan you know get this crisis get things back on track the loss of production at boeing might have a ripple effect that could burden the entire u.s. economy. and i'm sure some of the other stories making news around the world major french labor unions one day of strikes me and the pleasure of schools tourist attractions the eiffel tower and other public services actually comes on the 13th day of protests against the government's controversial pension reform plans. british prime minister barak's johnson plans to introduce laws to prevent any further extension of the u.k.

boeing has been unable to deliver a software correction that can be approved by the us federal aviation administration the 737 is boeing's best selling aircraft airline's of place thousands of orders so u.s. airlines and european air carriers of had to cancel flights due to lack of aircraft the airlines themselves are in just a terrible spot because they're selling spring break they're selling summer without knowledge of what their fleet is and all parties need to have complete transparency here so we can come up with some reasonable plan you know get this crisis get things back on track the loss of production at boeing might have a ripple effect that could burden the entire u.s. economy. let's talk through all of this now i'm joined by monica janes from the business good to see money i have enough talk us through this how big of a blow is this the boeing as well as the u.s. aviation industry well i have tried to gather some numbers some facts and figures helen and 77 max crisis all. already cost a boeing some $9000000000.00 u.s. dollars and there are experts out there who say well now this could easi

boeing has been unable to deliver a software correction that can be approved by the us federal aviation administration the 737 is boeing's best selling aircraft airline's of place thousands of orders so u.s. airlines and european air carriers of had to cancel flights due to lack of aircraft the airlines themselves are in just a terrible spot because they're selling spring break they're selling summer without knowledge of what their fleet is and all parties need to have complete transparency here so we can come up with some reasonable plan you know get this crisis get things back on track the loss of production at boeing might have a ripple effect that could burden the entire u.s. economy. well for more on boeing's misfortune i'm joined tonight by julian bray he's an expert in security he joins me tonight from cambridge in the u.k. it's good to see you again you have been tweeting throughout the day that this suspension will become permanent why do you think. it's quite good eating but it's quite simple there's a whole supply chain behind this production this means a component to live the just in time

us aviation regulators allowed boeing's 737 max aircraft to continue flying despite knowing there was a risk of further crashes — a congressional hearing has heard. analysis by the federal aviation administrationt year predicted there could be up to 15 disasters over the lifetime of the aircraft without design changes. despite this, the faa did not ground the max until a second crash five months later. the faa's new chief steve dickson, who started in august, admitted this was a mistake. the value of saudi aramco briefly hit $2 trillion after its shares jumped by another 10% at the opening on the riyadh stock market — the maximum allowed by the exchange — before falling back slightly. the move follows a similar surge on wednesday after the record breaking initial public offering by the oil giant. a software glitch is preventing the bbc‘s iplayer streaming service from running on many of samsung's smart tvs. affected owners are being advised to download a software update. but the patch does not work on some older models, which will have to wait until next year to get a separate fix — leaving thousands of owners unable to use the service over christmas. the us china trade war could be about to e

us aviation regulators allowed boeing's 737 max aircraft to continue flying despite knowing there was a risk of further crashes a congressional hearing has heard. analysis by the federal aviation administrationup to 15 disasters over the lifetime of the aircraft without design changes. despite this, the faa did not ground the max until a second crash five months later. the faa's new chief steve dickson, who started in august, admitted this was a mistake. shares of saudi aramco surged 10% on their riyadh stock market debut — the maximum allowed by the exchange, following the record breaking initial public offering by the oil giant. the jump gives aramco a value of $1.88 trillion, worth more than all 28 energy firms on the s&p500 put together — and further cementing its title as the world's most valuable listed company. and now — what's trending in the business news this morning. from bloomberg — australia bolsters competition watchdog to rein in tech giants. it wants to take action over the advertising market dominance of the likes of google and facebook. from quartz — how fast fashion is causing an environmental "emergency". the $2.5 trillion fashion industry is one of the largest users of w

jets will not be cleared for use before the end of the year they've been grounded around the world since march following 2 deadly crashes the federal aviation administration says there are a quote number of miles still still to be completed before jets can return to the scums the u.s. government has imposed new sanctions on iran's leading airline and its shipping industry secretary of state michael impale said his country was targeting 3 sales agents of mohan air for the role it played in the proliferation of weapons of mass destruction yes also blacklisted and the range of shipping network involved in transporting lethal aid to yemen germany is to provide compensation to tourists affected by the collapse of british travel group thomas cook chance mcglynn metals office said it would reimburse losses not compensated by thomas cook and insurance company which is liable for only $110000000000.00 of a reported total estimate of $500000000.00 euros. but there it is currently at the center of the u.n. climate talks as host of the cup $25.00 conference spanish government officials like to emphasize spain's firm and gauge meant the battle against global warming t

us really on game night. winning over some customers last week boeing said it was temporarily suspending production of the 737 max the federal aviation administration says recertify cation of the jets would extend into next year suggesting there's still a long way to go there's been keen focus on the company's crisis management and particularly on chief executive dennis mulan bugs leadership i think boeing has repeatedly overly optimistic and maybe not forthcoming about some of the severe challenges with the 7 $37.00 max and abortionists rationally trying to be there's an element. of. no disclosure that's all kind of according to him fortunately he came under further scrutiny this month when the if i called management out for its overly optimistic timeframe for recertifying the macs the regulator said it created the impression that boeing was trying to quote force the f.a.a. into taking quick correction that did nothing to shore up position. german luxury carmaker b.m.w. has confirmed it's being investigated by u.s. authorities the probe was 1st reported by the wall street journal it will focus on allegations that the company has been engaged in fa

jets will not be cleared for use before the end of this via they've been grounded around the world since march following 2 deadly crashes the federal aviation administration says there are a number of milestones still to be completed before they can return to the skies. talking of the skies air travel is responsible for around 2 and a half percent of global c o 2 emissions and yet despite to the climate crisis more and more people are traveling by plane passenger numbers have risen steeply over the last few years the ticket any in asia. the rise in air travel is good news for the leading at craft manufacturers and bus has plenty of orders to fail in the next 2 decades european and travel is expected to double. many knowledge and ports are being built across asia including beijing's dashing and port once completed it will boast 4 runways. last year the asia pacific region had the largest share of international air traffic with almost 34 percent followed by europe with 26 percent and north america with just under 23 percent. africa lagged far behind with just 2 percent. but the sector is likely to grow rapidly in some african countries this year uganda rela

he told us lawmakers that the factory was quote stressed beyond anything in his experience he wants the production facility to be thoroughly investigated by the federal aviation administration his words have put pressure on the regulator which has been criticized for not being tough enough on boeing in the wake of the crashes none the less any hopes boeing had that the 737 max would be cleared to fly before the end of the year has been dashed by the f.a.a. who now said the plane will not return to service before 2020. in total 346 people died on the fatal crashes in indonesia and ethiopia both crashes were caused by the same defective flight control system used in the 737 max. some time the germany's savings bank. settled a decade long dispute regarding the color of their logos both of them the same tone of red. keep its trademark color. agreed to use a lighter tone of red. and signage in germany will last the spanish financial institutions international products and services. the problem some people from had the business here if you'll all business news. business also find us on facebook twitter followers if you don't already do so. up next right after this quick update on

the federal aviation administration is proposing new rules on drones operating in us air space.s here with the details. what does it say. reporter: this would impact most of the drones flying out there today, including those used commercially and private operators. faa says within the next three years it would require drones to have remote i.d. system, government, their party system would be able to track the drones where they are in the air. allowing tracking keeps operators and drone operators accountable. people complained about drones flying near their property. we got statement from transportation secretary elaine chao, quote, remote i.d. will allow faa, law enforcement and federal security agencies to identify drones flying in their jurisdiction. now this will impact some 1.5 million drones. because those are ones already registered with the faa it will impact drones a little more than .5 pounds. official site, safety and terror concerns for the rule, which is why the proposal at this point. this is something that they will be asking for the public's feedback now for the n

this case the federal aviation administration says it has no comment let's speak to carl bailey he's an aviation analyst and he's also a former f.a.a. safety team representative he's joining us via skype from butler that's in new jersey hi there thanks for speaking to us on the al-jazeera news hour so are you surprised by this decision for boeing to suspend production of the 737 max starting next month no i'm not surprised you know it looks like this is pretty much short term or the suspension of production and quite frankly they're running out of room to store these airplanes i mean these are planes are actually parked in the boeing employee parking lots because they have no space they originally anticipated these airplanes were moved and are now moving because they're not flying it's plain and simple what impact do you think this is going to have on suppliers. you know it looks like it's a short term us hole in production so i think that's actually good news for the suppliers there isn't going to be and most likely not any layoffs in the supplier pipeline it would be very hard to for example say if boeing were to suspend for 6 months or for a year it would be hard to resta

the bill before us today also contains a provision recommended by the federal aviation administration that will give into small hubs gives them sufficient time to comply with the law. the bill has been endorsed by nearly 60 international, national, regional, state, tribal and local organizations. a letter of support from these organizations will be placed into the record. h.r. 336 is a good bill and will make it easier for mothers traveling by air. i want to thank the sponsor of this legislation, mrs. miller, for her leadership on this issue. i also want to thank chairman defazio, chairman larson of the aviation subcommittee, for their bipartisan effort to bring this legislation to the floor. i urge all members to support h.r. 3362 and we have no speakers but i would be willing to close and with that i yield ack. i reserve. the speaker pro tempore: the gentleman reserves. the gentlewoman from texas is recognized. mrs. fletcher: i have no further speakers, i'm prepared to close. the speaker pro tempore: the gentlewoman reserves. the gentleman from illinois is recognized. mr. bost: than

us closer to our flying vehicle dreams. of course, there is still a lot of regulatory hurdles. airspace would quickly be crowded if just about anybody could become a pilot. in the u.s., federal aviation administrationand the air taxis could take longer. first regulators will be especially cautious about pilotless flights. but test flights could begin soon and uber elevate hopes to connect major american cities to their suburbs by 2023. in the meantime, driverless cars are expected to reduce traffic and take passengers door-to-door , potentially diminishing demand for flying vehicles before they have even taken off. rosalind: that was just one of the many quick takes you can find on the bloomberg. you can find them at bloomberg.com along with all of the latest news and analysis. that is all for "bloomberg best." thank you for watching. i am rosalind chin, and this is bloomberg. ♪ beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go bey

according to reports in us press, plane manufacturer boeing is considering reducing or suspending production of its grounded 737 max. last week the federal aviation administrationed to slash costs. stephen phipson is the chief executive of the manufacturing trade body, make uk. what do you want to hear from the government? it is good to see we got a majority government. we've had three years of lots of uncertainty inside parliament, not being able to get things moving. so there are a couple of key issues. one is brexit, will return to that in a minute, but there are other things around skills and industrial strategy that with a majority government we can have a chance to progress and get some certainty back into the sector. this morning we've had some disappointing numbers from the purchasing managers' index. why are they so weak? you got a combination of factors. when is a global slowdown. we are the largest exporting sector. if you look at exports from the uk, 45% are products manufactured by uk manufacturers. you are exposed a little bit to global trends in terms of what is happening. half of those exports go to the eu. 0ur european customers have been a lit

happening right now on capitol hill, the head of the federal aviation administration testifying on the boeing 737 max jet. hillary vaughn coming into tell us already said. >> stuart, what we're expecting him to respond to is an internal report at his own administration in 2018 that showed 737 max would without agency intervention would be prone to a fatal crash every two to three years. after the faa received that internal report, they still let the 737 max fly, and we're also going to hear from the whistleblower who was here in this room, edward pierceon, who says he raised major concerns with his managers and the head of the 737 program saying that his plant in washington state turned into a factory in chaos after they pressured workers to turn out and work faster essentially and turn out more 737 maxes, so that's what we're expecting to hear moments from now, stuart? stuart: sounds like a negative for boeing and the stock is indeed down. hillary thank you very much indeed. i've got a little i'll right now , tesla, wants to use lasers, wait a minute, to clean your windshield? >> so imagine teslas with laser s mounted on their hoods in th

us. [applause] ♪ ♪ ♪ >> and now eric graham, lord hoffman, global launch services at rocket labs usa, brigadier general, associate administrator for commercial space transportation, federal aviation john serafini, chief executive officer at hawkeye 360. and doctor kerry buckley, vice president of air force programs, said for programs and technology, the miter corporation. ♪ ♪ >> good morning. good morning. it's great to be with all of you. the topic for our panel this point is the evolving regulatory needs for commercial space and low-earth orbit operations. thank you all for being with me. i think we all know that the future base led operations will be shaped by the increased demand of the volume and diversity of commercial space. we also know that this is a global challenge and it really calls for the safe and responsible behavior of the international community as well as capability in areas such as space domain awareness,, spacecraft management, and continued innovation. we also know when he to account for challenges in national security while at the same time enabling growth in the commercial sector and promoting standards for safe launch in space at the international communi