the tally marks a worsening of the crisis for airbus. it had previously managed to avoid losing business by agreeing to deferred deliveries. the power vacuum at commerce a littleet to last longer. the supervisory board is extending its search for a new chairman and chief executive following a shareholder revolt. it prolongs uncertainty for the lender as some investors call for a broad overhaul of the company. and that's your bloomberg business flash. anna: thanks very much. siemens shareholders will vote on spinning off siemens energy today. the company plans to cede majority ownership of the unit in late september to create a newly independent turbine and oilfield equipment maker. we spoke to the ceo earlier. >> the reason that we do the we believe our inpany is very relevant unprecedented times and speed of change. massive value creation. a similar method we do now with splitting our company into the industrial software automation company, including infrastructure as well as siemens energy. we talked about siemens energy to the market.

meanwhile, as the prime minister was speaking, airbus announced 1700 job losses. easyjet, 1300 job losses. that is just yesterday. there was nothing in the prime minister speech for the 3.2 million people in hospitality or the 2.9 million in retail. next week's financial statement could be the last chance to save millions of jobs. will the prime minister start now by extending the furlough scheme for those parts of the economy that are still most at risk? pm johnson: let me repeat a reminder. this package represents a 600 billion pound package of investments in the u.k. economy. the best single thing we can do is get our economy back to health by getting our people back to work and getting the virus defeated and other control. the best thing the opposition could do is stop equivocating and doing one thing one awake and another thing another week. they emphatically support ending -- they emphatically support kids being back in school rather than being bossed around by the union. we are the builders. they are the blockers. we are the doers. we are going to take this

airbus has tried to keep business going. handed over 36 aircraft in june and more in may and plans to cut 15,000 jobs. financial is denying reports of a ipo in hong kong. the chinese tabloid would reflect the views of the communist party. it is suggested the payment platform is seeking evaluation of $200 billion. alibaba owns 30%. shares surged by as much as 9% in new york. we will have plenty more ahead on "bloomberg daybreak: australia." this is bloomberg. ♪ you doing okay? yeah. this moving thing never gets any easier. well, xfinity makes moving super easy. i can transfer my internet and tv service in about a minute. wow, that is easy. almost as easy as having those guys help you move. we are those guys. that's you? the truck adds 10 pounds. in the arms. -okay... transfer your service online in a few easy steps. now that's simple, easy, awesome. transfer your service in minutes, making moving with xfinity a breeze. visit xfinity.com/moving today. haidi: a very good morning. i am haidi stroud-watts in sydney. shery: i am

european plane maker airbus has agreed to accept higher interest rates on loans from european governments the move is in compliance with the world trade organization ruling against the company the european commission says the development means u.s. tariff against arab us are no longer justified. critias retail sales grew much more strongly than expected in june rebounding almost 14 percent that's close to their pretty locked in level of non-essential stores reopened in the middle of the month. and more highly qualified people are coming to germany a total of almost $32000.00 blue cards were issued last year that's an increase of almost 15 percent from a year earlier a blue card is a residency permit for nani you workers with a university degree they're available to people like programmers scientists and doctors. now socializing during a pandemic isn't that easy many people are choosing to meet outside at a distance as it's considered safer than being indoors you think this might be good news for germany's famous fear gardens but buffy and heartache reports from munich they too are struggl

european plane maker airbus has agreed to accept higher interest rates on loans from european governments the move is in compliance with the world trade organization ruling against the company the european commission says the development means u.s. tariff against arab us are no longer justified. british retail sales grew much more strongly than expected in june rebounding almost 14 percent that's close to their pretty locked in level of non-essential stores reopened in the middle of the month. and more highly qualified people are coming to germany a total of almost $32000.00 blue cards were issued last year that's an increase of almost 15 percent from a year earlier a blue card is a residency permit for non workers with a university degree they're available to people like programmers scientists and doctors. socializing during a pandemic isn't that easy many people are choosing to meet outside at a distance as it's considered safer than being indoors you think this might be good news for germany if they must bear gardens but. reports from munich they too are struggling. this is what summer

european plane maker airbus has agreed to accept higher interest rates on loans from european governments the move is in compliance with the world trade organization ruling against the company the european commission says the development means u.s. tariffs against arab us are no longer justified. pushes retail sales grew much more strongly than expected in june rebounding almost 14 percent that's close to their pretty locked in level of non-essential stores reopened in the middle of the month. and more highly qualified people are coming to germany a total of almost $32000.00 blue cards were issued last year that's an increase of almost 15 percent from a year earlier a blue card is a residency permit for non the e.u. workers with a university degree they're available to people like programmers scientists and doctors. now socializing during a pandemic isn't that easy many people are choosing to meet outside at a distance as it's considered safer than being indoors you think this might be good news for germany's famous spirit gardens but. heartache reports from munich they too are struggling

you with us now these are trying times for the aviation sector on both sides of the atlantic today airbus announced it will cut some 15000 jobs citing the coronavirus pandemic for the move its main rival boeing so it shares tumble afternoon region as shuttle cancelled orders of 97 aircraft carrier said it's terminated the purchase agreements 45787 dreamliner and 92737 max planes and legion also wants compensation for losses he says it encourages after the global grounding of 77 max jets and engine issues with the dreamliner. for more let's bring in our wall street correspondents caught it in new york looks like just another blow for a battered boeing isn't it you know clearly and it might not be of the last customer who cancels some orders says serve a lot of airlines under are under a lot of pressure as far as i understand boeing still has about of good 4000 orders for outstanding orders for the 737. makes 8 plane sold that is still looking pretty good on that term and what also does help boeing is that the company is also a big good defense or contractor and they are pouring actually co

disruptions of the aviation industry has hit airbus especially hard it's responding with a total of $15000.00 job cuts across the company there are also protests in france . british finance minister reach the soon oxen here promoting the hospitality sector has unveiled a $33000000000.00 euro stimulus plan which is meant to offset an unexpected spike in unemployment due to the pandemic includes a bonus scheme aimed at getting firms to retain workers as well as tax cuts for hard pressed firms inter ism and hospitality. to unlink harvests and now thrown a virus affected export markets or eating into pakistan's mango industry farmers in punjab and zen provinces say that a long winter and changing rain patterns have slashed production by half this year mango exports are 40 percent down to pulling in a record 80000000 dollars last year. well pandemic is of course shed light on the lives of workers whose stories rarely get told and their next report brings us to north east spain were concerns for the welfare of fruit pickers from abroad a growing. they come from bulgaria to pick nectarines destined

of the plane the jumbo will follow the a's bus -- the jumbo jet will follow the airbus's a380. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. yvonne: let's do a quick check of the markets right now. we are following the wall street section, higher for asian stocks. it looks like it is focused on the data we got, the u.s. jobs report, the pmi number and services we got from china. at the highest level since april 22 in. phuket -- since 2010. the msci 300 at 28 month highs. the market shrugging off some of the rise in infection cases seen all over the world >> the u.s. has had one of the biggest daily records in the country. u.s. futures still under pressure. the nifty futures as well slightly positive today. we are watching the dollar, on track for a weekly gain. we are watching the spread between the u.s. ten-year with the china 10 year. we continue to see the spread wide, 288 for the china tenure year where yields continue to pick up. there

pandemic virus although they say there is not yet an imminent threat and european plane manufacturer airbus is cutting 15000 jobs after seeing its business plummet due to the pandemic the majority of positions slashed will be in france and in germany. german defense minister and i cut com qanbar has ordered the partial dissolution of germany's elite k s k commandos following reports of right wing extremism in the ranks the unit which specializes in anti terror and rescue operations may face a major reorganization and up to 70 of its 1400 personnel could be cut military investigators announced that this is back to 20 kaskade personnel of holding extreme right views the defense minister accused the unit of quote toxic leadership culture and said cannot continue to exist in its present form. our reporter max merrill is following this story for us max thanks for joining us so how serious is the problem of right wing extremism well it's a problem in itself in the german forces but here in this so-called k s k unit it's rife 5 times the average amount of far right individuals have been identified

900 jobs in spain in 1000 pandemic has led to a sharp drop in demand for the planes and systems that airbus produces. well to top airlines in the u.s. american airlines and southwest say they'll likely scale back their plans to roll out more flight routes in august and september as the number of coping 1000 cases in the country grows the news is yet another blow to an airline industry in desperate need of increasing its flight numbers. july is usually high season and london's gatwick airport not to be crowded with vacationers eager to fly to spanish and italian beaches but in the midst of the pandemic there are just a few tourists here. yeah it does you i stevie wait isn't it is i could be anyone here but i never lead them on yet you want to toss anything that is just a bit confusing and scary. in june only 11000 passengers pass through britain the 2nd busiest airport after heathrow a year earlier there were over 2000000 passengers here many are afraid of flying during the pandemic e.u. transport ministers want to minimize the risk of infection and have agreed to require passengers age 6 an

airbus pares back production for its my bodied jets. our interview with airbus ceo, next. this is bloomberg. ♪ tom: welcome back. airbus burned through 5.2 billion dollars in the second quarter. significantly reduce undelivered planes in the second half and is looking to ramp up production by the end of 2021 or 2022. >> in this second quarter we have completely adopted our system to what we think is the new environment. from a pollution rate of 60 per month, down to 40. we have adapted to the situation. to understand what is the right calibration, moving forward. it is appropriate for 2020, which will be the vast majority of 2021. we are awaiting signals from the airlines and from passenger theyic, to understand when will recover. we think that will be a recovery. what is more difficult to assess when. there is a lot of uncertainty and changes. adjust pollution rates and the supply chain to the new, difficult environment. >> he said you are trying to get it to where it is neutral on the cash. deliveries are key to that. how realistic is it to get a neutral cash flow posi

airbus has embarked on its most extensive restructuring in the company's history, setting up plans to cut 15,000 jobs worldwide as it intends to circular crisis brought on by the coronavirus crisis. is benedict.r more where exactly will these cuts be? >> the cuts are predominantly in europe and within europe they are fairly equally split between germany and france. the reason for this is sort of a pan-european company and that equilibrium between france and germany has been very closely guarded in both good and bad times. so when there is extra work to be done, the company is very keen to spread that out over these and when times are tough, the same thing happens in terms of job cuts. we are seeing about 5000 cuts in germany, about 5000 in france, 1700 in the u.k. those are the big numbers. a couple of sprinkled around the rest of the world. it will be interesting to see how those cuts are implemented. the ceo says he wants to do this without having to fire people outright. he wants to do this through early retirement as best as he can, but he also injected a word of caution and said,

pandemic virus although they say there is not yet an imminent threat and european plane manufacturer airbus is cutting $15000.00 jobs after seeing its business plummet due to the pandemic the majority of positions slashed will be in france and in germany. german defense minister on a cut our has ordered the partial dissolution of germany's elite k s k commandos following reports of right wing extremism in their ranks the unit which specializes in anti terror and rescue operations may face a major reorganization and up to 70 of its $1400.00 personnel could be cut military investigators announce that they suspect 20 k. is a personnel of holding stream right views the defense minister accusing the unit of quote toxic leadership culture and said it cannot cannot continue to exist in its present form. our reporter max merrill is following this story for us max thanks for joining us so how serious is the problem of right wing extremism well it's a problem in itself in the german forces but here in this so-called k s k unit it's rife 5 times the average amount of far right individuals have been id

starting with that news from airbus, and airbus's problem is that it has not been able to deliver the aircraft that it had made and that people had ordered and that is because it simply can't fly them to the places that they need to get to. but also because many airlines around the world are looking at the state of the travel market right now and saying, hang on, maybe we don't need as many aircraft as previously we did. so they have reported a 39% fall in revenues, their deliveries were down 50% on the same time last year and the crucial thing to remember here is that airbus doesn't get paid until it has dropped off that plane in a place that wants it, so they have been tipped to a loss of 1.9 billion euros. they have also told us over the past week or so that they will lay off 15,000 staff in an attempt to try to balance their books. but you also touched on shell as well and again, unsurprising, oil prices around the world have slumped and that is because demand for cars, for travel, the factories, has all fallen off a cliff and it is meant that the price that they can charge for a

we think the boeing 787 and the airbus a350, smaller wide-body airplanes that can travel further distances are definitely the airplanes that will be more in demand in the future, especially as we recover and at a dramaticnot pace but a slower pace. alix: real quick, i've read a lot about private planes and how that will be the way forward. is that going to take off in the way i'm reading about? george: there are a lot of people who want to see a recovery in the private plane space. i think you have to look at tech strong, which makes cessna, they have had recent layoffs. they make jets and small planes. i think it is hard to see a dramatic increase in small aircraft. they are expensive, you need expensive license to operate it. that might be more demand. we are not seeing it. we are seeing layoffs, we are seeing the company keep customers online and committing to the airplanes. alix: super good perspective. towards ferguson of bloomberg intelligence. now we want to update you on what is making headlines outside the business world. here is ritika gupta. says six inw poll 10 americans disapp

this setback -- the competing airbus 320 has two kinds of engines. one.37 on the has one of them is similar to this. i am curious to see if any similar issues pop up with the s which have a gauge and that is similar to the 737. dareen: is that what you are keeping an eye on next? seth: it is something to watch, for sure. what we know for now is that this has happened apparently four times that the faa is aware of on 737. i would think that airlines who fly those a320s that have the same in june, it is made by a consortium that involves ge, will take a look at it. this is unusual, you don't have airplanes sitting for weeks at a time. this is an unusual situation to have a large percentage of planes grounded. that is where my mind goes first. again, i am unaware of this having happened with another type, but you would think it is something other airlines as well as the faa are taking a look at. dareen: great to have your thoughts. thank you for speaking to us. seth: thank you. dareen: a new wave of violence in south sudan has forced thousands to flee t

he finds that the huge airbus but then you go north if you go to dubai you go up over moscow and then you come down. when they were over moscow a woman in the back, an indian woman traveling with her husband had a stroke and she started to vomit have seizures. the doctor don back and said she only has an hour to live we have to get her medical attention. at that point he was over moscow and had to make a series of decisions about what to do to save this woman's life. i can't land in moscow here is an elderly couple no money don't speak english permit tiny village and if i plopped down in moscow they will be eaten alive will never see them again. we have to find a first world country. so he thinks helsinki. the next problem is he is 60 turns overweight he just took off from dubai they are not supposed to land with that much fuel you're supposed to use up all your fuel get to your destination and then you land now he has 60 tons of extra fuel and the electronics are not calibrated to land the plane that heavy so he has a decision to make do i go for the baltic sea and dump the fuel? tha

airbus faces an average 40% drop in business over the next two years. >>> the head of the boston fed sees more american businesses needing rescued by the financial bank covid-19 outbreaks will drive a ramp up in demand for the fed's $600 billion lending program to help businesses weather the pandemic. >> we'll go worldwide now. a look at the overseas action. a lot of concern about covid-19 cases rising look t looks like a lot of green on the board. >> yeah. investors are focussed on the earnings today it's a patchy day on the board the uk stock market actually moving south today despite more stimulus measures announced yesterday following the uk treasury what we've got on the dax is 1.2% bounce. s.a.p. the software producers coming up with the numbers today the french stock market up .02 so clearly a little bit of a cautious trade taking place. the dax you can see the extent of the gains the exports are bounding in the month of may so we did see a bump up of 9% on the export side. that's been encouraging. diving into the numbers, you can see merk one of the big movers around potentia

. >> [speaking french] >> airbus alsoso hit hard, reporting a net loss of 1.9 billion in the first half of the year. the plane maker n now planning o cut up to 15,000 jobs, or 11% of its workforce to cope with the crisis, a crisis that is also giaiant -- the energy posting a second quarter and at loss of 17.1 billion, its first quarterly loss in five years. dire resulults underscoring the challenges faced to companies in france and aroround the world is covivid-19 continues too battlee -- covid-19. >> 4 million people will be affected by the new rules, which includes a ban on meeting people indoors. the opposition labor party described the new rules as confusing. here is the health minister. >> we take this action with a heavy heart, but unfortunately it is necessary because we have seen the household meeting up, and a lack of social distancing is one of the causes of these rising r rates of coronavavirusd we will do whatever is necessary to keep the country safe. >> thehe annuaual mecca to saudi arabia has been postponed. v vitors are banned pete e only 10,000 visits are taking part. i

we're learning hail from a severe storm smashed the nose of a delta airbus monday night. it happened as the flight from west palm beach was approaching new york's laguardia airport. the pilot landed safely at kennedy airport. today, many people of color are uy ang not to buy anything, or, if they have to spend money, do it only at black-owned businesses. it's called blackout day 2020, and it is part of a drive to pressure government and business to address institutional racism and injustice. dvery year, black americans arend an estimated $1.3 trillion on consumer goods. and when we come back, get your cards ready for a game of bingo orke no other. when the world gets complicated, a lot goes through your mind. with fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations. that's the clarity you get with fidelity wealth management. balanced nutrition for strength and energy. whoo-hoo! great tasting ensure with 9 grams of protein, 27 vitamins and minerals, and nutrients to support immune health. who've got their ecze

other parts of the airline industry are feeling the fall like playmaker airbus some said they received no new orders in june putting even more jobs on the line. >> that's hard to hear. more california universities are joining in the fight against i.c.e., immigrations customs and enforcement to protect international students. they are trying to ensure international students don't lose their visas. i.c.e. announced a policy saying students doing virtual learning only cannot remain in the u.s. san diego's three major schools have more than 10,000 schools that would be impacted. one uc san diego student says the schools seem to have the students' back. >> most universities are protecting their students. they are like acting -- making reactions to ensure their students can stay on campus for the fall. >> the schools create a hybrid model to keep international students in place. usc also joined a suit to block the move along with harvard and m.i.t. >> let's take a look at the big board. looks like the dow was down by 320 points. this as new first time jobless claims total 1.3 million just be

, we get the first half results from airbus tomorrow and we'll see the same thing with boeing in terms of a terrible quarter with production and delivery and they're in the midst of severe job cuts at a number of facilities in europe because airlines are cutting back on their orders, deferring or canceling. and one last thing, all of this brings up the question, you're not seeing many people flying. are the airlines going to roll out special fares like $15 between houston or newark or on frontier, friends fly free you'll see more of that. because the airlines have to put people in these seats as much as possible and this brings up the bigger question down the road, when do you see some pricing power whether it comes to fares. but nobody is worried about that right now in the airline industry they simply want to get people on board. >> phil lebeau i pulled up united you could fly to orlando between august 14th and 18th for $27 or tampa, tim, you could go there for $27. it cost you more to get to the airport than to get to tampa at this point >> yeah, no big flying to florida right now f

we're learning hail from a severe storm smashed the nose of a delta airbus monday night. it happened as the flight from west palm beach was approaching new york's laguardia airport. the pilot landed safely at kennedy airport. today, many people of color are uy ang not to buy anything, or, if they have to spend money, do it only at black-owned businesses. it's called blackout day 2020, and it is part of a drive to pressure government and business to address institutional racism and injustice. dvery year, black americans arend an estimated $1.3 trillion on consumer goods. and when we come back, get your rds ready r mef like no other. when the world gets complicated, a lot goes through your mind. with fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations. that's the clarity you get with fidelity wealth management. balanced nutrition for strength and energy. whoo-hoo! great tasting ensure with 9 grams of protein, 27 vitamins and minerals, and nutrients to support immune health. who've got their eczema under control

hail from a severe storm smashed the nose of a delta airbus monday night. it happened as the flight from west palm beach was approaching new york's laguardia airport. the pilot landed safely at kennedy airport. today, many people of color are vowing not to buy anything or if they have to spend money, do it only at bl only at black-owned businesses. it's called blackout day 2020. and it is part of a drive to pressure government and business to address institutional racism and injustice. every year, black americans spend an estimated $1.3 trillion on consumer goods. and when we come back, get your cards ready for a game of bingo like no other. when the world gets complicated, a lot goes through your mind. with fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations. that's the clarity you get with fidelity wealth management. balanced nutrition for strength and energy. whoo-hoo! great tasting ensure with 9 grams of protein, itamins and minerals, and nutrients to support immune health. who've got their

the channel today in france on the outskirts of toulouse, these where the scenes nuat aircraft cturer airbus premises. thousands of employees demonstrating plans to cut over 5000 jobs in france. at is including more than 3500 into loose itself. here's one of the workers. less well than l because when you hear the numbers, you wonder if we will still be here in a few months. after my wife who is unemployed. so my job is important for my family. and anyway, i think all of my colleagues are the same. anchor:e have had new numbers from the u.s. today too.on 1.3 mil.s. workers applied for benefits last week.do that i on the previous week, but still double the peak during the 2008 recession. this follows mixed economic data of the past few weeks, including a drop in the unemployment rate. with more, here is michelle fleury. michelle: this is no moment to say that things are getting back track. as we have heard from the pat -- in the past from jerome powell, while somates that people will return to their jobs or get n left out in the cold. areink that is where we we are at that point where we are s

. >> we have orders for airbus frankly, there are no orders for the second straight month airbus booked zero new airline orders half of this year, they have not been able to book any airplane orders not a surprise with what we've seen with global airline business all of it under pressure airlines parking more planes than ordering them their backlog stands at 7,584 planes we'll get the boeing numbers in terms of june orders and deliveries that will come out next tuesday. guys, back to you. >> are we expecting any orders there, phil? >> wouldn't be surprised they haven't had a positive month yet this year, sara. i wouldn't be surprised if we see a negative number again from boeing remember, at the end of the month, june 29th off 30th you had norwegian air come out scrap the maxes we ordered i think people are conditioning themselves not to expect much on those boeing numbers >> fiphil lebeau. thank you. >>> confirmed u.s. coronavirus cases topping 3 million with another daily spike. meg terrell has the lairrell ha. >> you are continuing to see record numbers texas more than 10,000 new dai

from airbus. they said they would cut thousands of jobs. lufthansa, which like air france and klm, received bailouts. there is only one way to get through this. that is to cut costs. ground your aircraft or get rid of employees or both. raise fresh funds as we heard from iag. they are increasing money. arer airways, they achieving they announced they in spain.an airline they want to renegotiate the price tag. they only want to pay about half of that. ways,e seeing creative less creative in terms of job cuts, airlines trying to cut costs. when i flyy, vacation,for work or i'm going to look for a hotel to stay in. restaurants to check out. beenss that industry has pummeled at the same level as the airlines. >> absolutely. restaurants are really struggling in the u.s.. thanbly even more dramatic over here. at least where we live in berlin, we returned to some degree of normalcy. we can go out, we can dying. indoor dining in many places. that has not returned to that degree in the u.s. or places like austria. we are going back to a second phase

be culled in fact we've already had many announcements like the thousands of jobs that have to go in airbus one of the key sectors here in france the government has pledged to minimize the economic impact of 19 but the reality is nobody knows quite how deep and how widespread the economic impact will be and it seems that for the next 2 years of my aunt's presidency as he does intend to continue with controversial reforms such as the pension reform they could be even more explosive than the 1st 3 years and that would be saying something. from paris big from some people posted later they're talking about in the world leaders want to be a world leader of the world there's not a day to be wasted for america's presidential candidates to win over the hearts and minds of voters while donald trump's up against it with his own look at the health crisis his democratic rival joe biden is mobilizing his family is so skewed toller explains. you'll remember joe biden's wife don't you. should very. very. well jill's back this time not as a husband's sister but as comal thought over a children's book about

airbus plans to cut 15,000 jobs due to the pandemic, it will cut 1700 in the uk, thousands more in germany, spain and elsewhere. the area outside the white house in washington has been the scene of sometimes violent clashes recently but 9—year—old skater kaitlyn saunders saw something different. for her, the road surface known as black lives matter plaza became a place to perform. she and her mother have been telling us about her inspiration. my parents were talking to me about the black lives matter protests, and i decided i wanted to do something. hi, my name is kaitlyn, i'm nine years old, and i'm a figure skater. i was in awe watching her skate across black lives matter plaza. i wasn't sure as a parent how much she really understood about what was going on in the world. we had talked to her about some of the things, but to see her think about how she was feeling and express yourself in that way, and put those into her skating was incredible. there's some messages that are coming in, saying that people are watching it before they start their day, before they get up — just to have

airbus has posted a quarterly loss of 1900000000 euros playmaker says the coronavirus pandemic has presented the industry with its biggest ever crisis its all half as many planes during the 1st 6 months of this year as it did during the same period last year air bus is planning to cut more than 10 percent of its workforce worldwide. mexico's supreme court has rejected a case which sought to decriminalize abortion in local areas just means that anti abortion laws in the state of veracruz will remain in place logis proops are celebrating the decision in front of the supreme court. a coronavirus demick has raised new concerns about the health risks of sowing wildlife and markets for human consumption but in nigeria it's long been a common practice and poses a threat to endangered species laws are on the books to block the trade but they are rarely enforced our correspondent on the far shore visited a major bush meat market in lagos you talked with a man struggling to keep species from being completely wiped out. it doesn't matter what day it is this market stays open shortly after the april loc

posted a net loss of $2200000000.00 in the 1st half of this year airbus has seen a fall in demand because of the pandemic it's got production of its most popular jet the a $350.00 to $5.00 a month the united states is killing back its military presence in germany in what the pentagon call it says strategic repositioning nearly $12000.00 troops are to be withdrawn half will be relocated to other european cities the german government says the decision doesn't make geopolitical sense and russia's ambassador to better rule says has been summoned to the foreign ministry state media reporting that authorities had been told 200 privately contracted fight is entered the country to destabilize it ahead of its presidential election in august. those are the headlines coming up next people in power serious. talk to old is there a school is the government of the necessary action to really address some of the structural issues we listen i still think that travel is the safest mode of travel and to spend that we meet with global news makers and talk about the stories that matter on the old a 0. the stat

video footage from inside the airbus a310 show passengers in life jackets and oxygen masks. several apparently had blood streaming down their faces. a usjudge has once again ordered michael cohen to be released from prison. president donald trump's former lawyer was sent home in may because of the coronavirus pandemic. he was returned to prison injuly after he questioned an agreement that barred him from publishing a book, engaging with news organisations and posting on social media. stay with us on bbc news. still to come: the show can go on, as a london theatre pilots indoor performances with social distancing. nasa: can see you coming down the ladder now. it's one small step for man... 0ne giant leap for mankind. a catastrophic engine fire is being blamed tonight for the first crash in the 30—year history of concorde, the world's only supersonic airliner. it was one of the most vivid symbols of the violence and hatred that tore apart the state of yugoslavia. but now, a decade later, it's been painstakingly rebuilt and opens again today. there's been a 50% decrease in sp

channel today in france, on the outskirts of toulouse, these were the scenes at aircraft manufacturer airbus' premises there. thousands of employees were demonstrating against plans to cut over 5,000 jobs in france, including more than 3,500 in toulouse itself. here's one of the workers. translation: i'm sleeping a little less well than usual, because when you hear the numbers, you wonder if we will still be here in a few months. and i've got family. i've got my wife, who is unemployed, so my job is important for my family. and anyway, i think all my colleagues are the same. we've had new numbers from the us today, too. 1.3 million us workers applied for benefits last week, down on the previous week but still double the peak during the 2008 recession. it follows mixed economic data over the past few weeks, including a drop in the unemployment rate. here's michelle fleury with more. this is no moment to kind of say, "right, things are getting back on track." and as we've heard in the past from the federal reserve chairman jerome powell, he anticipates that, while some people will return to th

big moves in the ar o aerospace part of the market i want to weigh in a few stocks kicking off for airbus, which has reported a 1.6 billion loss with second quarter revenues the plane maker failed to deliver aircraft due to covid-19 we are seeing a bounce back in shares after the substantial selloff in the run up to recent trade. shell, the company has beat expectations after reporting $635 worth of earnings shell shares under pressure down 2.4% total has reported a 96% fall in profit french energy sector said it would maintain its dividend and added that the oil price environment remains volatile shares trading a little above the flat line at 1%. back to you. >> talk about oil and gas, appreciate it. have a great day >>> now let's get back to your top story on wednesday that historic hearing on capitol hill featuring the ceos of apple, amazon, google and facebook all facing about six hours of questions over their business practice and market power. tracie potts joining us now from washington with more big day on the hill, tracie. >> it was a big day on the hill. you are right. they were

european aircraft maker airbus plans to cut over 15, thousand jobs — as it tries to deal with the effects of the coronavirus crisis. russia votes for a final day, in a referendum — which could allow president putin to remain in office until 2036.

society tops $17000000.00 and more trouble for the airline industry the world's biggest plane maker airbus polls the net loss of $2200000000.00 in the 1st half of this year. the end. we begin in hong kong way 12 opposition politicians have been disqualified from running in september's legislative council election leading pro-democracy activist joshua wang is one of those disqualified he says it shows a total disregard for the people of hong kong electoral authorities have asked the candidates about their views on beijing's national security law and u.s. sanctions the move has been denounced by the opposition as a political witch hunt and for the 1st time in hong kong police have used a new national security law to crackdown on pro-democracy activists online 4 students have been a rest said there a key is a posting content that calls for hong kong's independence from china beijing impose its controversial law 4 weeks ago david palin has more from hong kong. hong kong is particularly sensitive issue for the u.k. as hong kong used to be a british colony in the u.k. signed a joint declaration

a state of panic among passengers on board flight 1152 the airbus was flying from iran's capital tehran to beirut in lebanon on thursday night when the iranians say it was harassed by fighter jets data recorded showed the airliner climb from 34000 feet to 34600 feet in less than 2 minutes before descending to 34000 feet a minute later iran's state t.v. says several passengers were injured due to the sudden changes in altitude the jet landed safely in the lebanese capital. want to damage policy when we reach the airspace of syria a fighter jet approached a monoplane in order to avoid colliding with that jet the pilot rapidly decreased altitude and it caused injury for some passengers. hours later the u.s. central command confirmed a u.s. f. 15 was involved in the incident and not israeli warplanes as 1st suspected the u.s. said the f. 15 was on a routine air mission near the town of coalition base in syria the war plane conducted a standard visual inspection of the airliner at a safe distance says the u.s. and want identified the f. 15 opened distance from the aircraft in line with inter

as the prime minister is speaking, airbus announced 1700 job losses, 1300 job losses. there was nothing in the prime minister's speech, the 3.2 million people in hospitality, 2.9 million in retail. next week's financial statement could be the last chance to save millions of jobs. will the prime minister start by extending the scheme in parts of the economy that are most at risk? >> what may remind our house this package represents the 600 billion pound package of investment in the uk economy. the best thing we can do is get our economy back to health by getting people back to work and getting the virus defeated and under control and the best thing the opposition can do is stop equivocating and doing one thing or another. they support kids being back in school rather than being boss around by the union. we are the builders, they are the blockers, they are the stewards, we will take the country forward. >> does my right honorable friend not share my anger and the frustration of the scottish tourist sector, having its legs pulled out under it by deeply irresponsible divis

a state of panic among passengers on board flight 1152 the airbus was flying from iran's capital tehran to beirut in lebanon on thursday night when the iranians say it was harassed by fighter jets data recorded show the airliner climb from 34000 feet to 34600 feet in less than 2 minutes before descending to 34000 feet a minute later iran's state t.v. says several passengers were injured due to the sudden changes in altitude the jet landed safely in the lebanese capital. when we reached the airspace of syria a fighter jet approached a monoplane in order to avoid colliding with that jet the pilot rapidly decreased altitude and it caused injury for some passengers. hours later the u.s. central command confirmed a u.s. f. 15 was involved in the incident and not israeli warplanes as 1st suspected the u.s. said the f. 15 was on a routine air mission near the town of coalition base in syria the war plane conducted a standard visual inspection of the airliner at a safe distance says the u.s. and want identified the f. 15 opened distance from the aircraft in line with international standards a p

video footage from inside the airbus a310 show passengers in life jackets and oxygen masks. several apparently had blood streaming down their faces. a group of military police in italy have been arrested and their station closed after investigators uncovered a raft of alleged crimes taking place in the barracks. the unit known as the carabinieri, in the northern city of piacenza, are suspected of drug—trafficking, blackmail and torture. a usjudge has once again ordered michael cohen to be released from prison. president donald trump's former lawyer was sent home in may because of the coronavirus pandemic. he was returned to prison injuly after he questioned an agreement that barred him from publishing a book, engaging with news organisations and posting on social media. britain and america have accused russia of using one of its satellites to test—fire a weapon in space. the uk says the action threatens the peaceful use of space, while america says it is further evidence of russia's effort to develop space—based weapons systems. new analysis suggests as much as 1.3 bil

world's biggest plane maker has posed to the net loss of $2200000000.00 in the 1st half of this year airbus has seen a fall in demand because of the cone of ice funday make it says it has cut production of its most popular jet the a $350.00 to $5.00 a month rival boeing earlier pulse of a $2400000000.00 quarterly loss and announced significant job cuts those are the headlines coming up next on al-jazeera inside story. 10 years ago a mining disaster in chile trapped sooty 3 men the world watched as a 2 month rescue turns need tragedy into a miracle i guess here a revisits the men once celebrated as national hero and asks how this ordeal changed their lives chilean miners after the rescue on a. budget for defending the environment the rights group global witness says a record number of activists what killed last year so why aren't environmentalists being protected this is a pledge to. hello welcome to the program i mean wrong kong around the world environmental activists are being arrested jailed even killed for trying to protect our planet the u.k. based group global witness has recorded the

airbus flying higher today, trying to manage the cash burden in the second half. a very bleakng picture of what is happening in the u.k. economy. coming up, we will talk to jeff miller, halliburton ceo. addressingtainly be what is happening in terms of the service side of the sector. that is coming up. this is bloomberg. ♪ ♪ guy johnson in london, tom keene in new york. this is "bloomberg surveillance." we are back with jeff currie joining us on the line. we were talking about gold a few moments ago. let's carry on that conversation. do i sell gold if i see positive news on a vaccine? jeffrey: [indiscernible] -- low real interest rates. that is unlikely to change. if you get a vaccine, you are still dealing with the overhang. [indiscernible] the key downside risk is, [indiscernible] guy: ok. this is not going to work out today, which is a great disappointment because jeff is one of my favorite guests to talk to, particularly at a time when we are seeing gold do so well. let's talk about what is happening in the markets. we are clearly in the midst of earnings

video footage from inside the airbus a310 show passengers in life jackets and oxygen masks. several apparently had blood streaming down their faces. britain and america have accused russia of using one a usjudge has once again ordered michael cohen to be released from prison. president donald trump's former lawyer was sent home in may because of the coronavirus pandemic. he was returned to prison injuly after he questioned an agreement that barred him from publishing a book, engaging with news organisations and posting on social media. new analysis suggests as much as 1.3 billion tons of plastic waste could be dumped over the next 20 years unless there is a radical effort to stop it. a computer model has tracked the production and disposal of plastic around the world up to the year 2040. 0ur science correspondent victoria gill has the story. it is everywhere because it's almost endlessly useful. and when it's thrown away, if plastic finds its way into a plant like this, a lot of it can be made into something useful all over again. it could be bottles that you buy from the su

also airbus. we've had 15,000 job cuts flagged up here that we are nowhere near the end of the crisis and could get nowhere close to that crisis >> karen, thank you. do appreciate that back here at home. the positive rising number of covid-19 cases continues to make headlines as more states move to keep the virus from outside. seema here with the top headlines. >>> that is right, new cases in the u.s. rising by more than 47,000, the biggest one-day spike since the pandemic began texas reports a new load of more than 6,900 in one day. governor abbott suspending elective surgery new york governor expanding his state's quarantine order to include travelers from eight states including california, idaho, louisiana and nevada. >> the advertising boycott of facebook continues to gain momentum target, pfizer and volkswagen join the list until meaningful action facebook announced it removed a network of accounts associated for the far right organizations. worth knowing that facebook ceo has agreed to meet

posted a net loss of $2200000000.00 in the 1st half of this year airbus has seen a fall in demand because of the pandemic it's got production of its most popular jet the a $350.00 to $5.00 a month the united states is killing back its military presence in germany in what the pentagon calls sister t.j. creek positioning nearly $12000.00 troops are to be withdrawn half will be relocated to other european cities the german government says the decision doesn't make geopolitical sense and russia's ambassador to better rule says has been summoned to the foreign ministry state media reporting that authorities had been told 200 privately contracted fight is entered the country to destabilize it ahead of its presidential election in august. those are the headlines coming up next people in power say with this. talk to old is there a school is the government not to take the necessary action to really address some of the structural issues we listen i still think that at travel is the safest mode of travel and to spend that we meet with global news makers and talk about the stories that matter on the

the sales drop has gotten worse as airbus failed to get any orders last week. jobsannounced a cut 50,000 at his jetline unit. warren buffett is dropping it down the ranks. fortune putsichest him in eighth place on the billionaires list, the lowest he has been since the index started in 2012. you can blame his generosity in part. he gave almost $3 billion in archer hathaway stock this week. that is your bloomberg business flash. tom and francine? francine: yesterday, we had a conversation with the italian finance minister. tore's a lot of pressure politicians for italy to accept the esm credit lines. people say there could be some stigma attached. i asked that question and they say no, they are giving the possibility to tap into the esm. here he is. >> we are the first to take a number of lockdown measures and other countries followed them, which have been essential for containing the virus and for us to reopen gradually the economy. response, we are revise ourwe might forecast, but out of the data so far, the indicators tell us [inaudible] so we expect so far c

boeing and airbus will be talking about different production trajectory over the near-term than they were nine months ago. that is all right. we remain confident we will see to aviationtime activity levels, passenger miles, and the like. that will be good for everybody. ♪ >> shares rallied in the u.s. after this morning's positive sales for july. we spoke with kevin johnson who says the company has made lots of changes to cope with the pandemic. >> in the united states, we saw back to whatd comparables were a year ago. that happened in the first half of fiscal year 21, which would be by march of one to 21. in china it is a quarter earlier. linear, butt be every month we continue to show movement. in july in the u.s. we had -19% comparable. july accelerated that to -14%. as we do new things like we are introducing curbside service in 700 to 1000 stores by the end of this quarter, all of those things are helping us give more throughput and capacity to these experiences. that is going to drive this recovery. >> you have been in china a long time. china is ahead of the united states in

as you talk to boeing and airbus and look at traffic, does it change the emphasis between one and the other? >> not really. bet i have been thrilled to a part of these last 22 months is a multi-decade leadership on the part of ge aviation and the industry broadly. we want to continue to lead this industry. how do we do that? technology sits at the core of what we have been able to do with and for customers over time. you indicate we service our engines over decades. in close proximity with our carrier customers. that is a great set up, to lead with technology and be so close to a in and day out with our customers. the business will change. we will see less aftermarket activity. we saw in the second quarter, we saw it in the second half, boeing and airbus will be talking about a different production trajectory over the near-term than they were six or nine months ago. that is all right. we are confident that we will see a return in time to commercial aviation activity levels, passenger miles and the like. that will be good for everybody. and we will be a part of that. ge plus chairman s