pleading in front of the w t o an unfair subsidies for airbus but the e.u. is having a counter claim with the w t o unfair subsidies for boeing and that will be decided next year and it's known that he already has a full list of tariffs that it's ready to act on u.s. products imported to the e.u. so who's right who's wrong i mean subsidies right in the 1st place. i don't think it's a fundamental question of wrong or right you have to look at the company the situation i think in the beginning subsidies for airbus was right because the company wouldn't have started otherwise no one would have ventured that against the over dominating american competition remember boeing and back then there were other makers as well who divided the market up and among themselves but it was sensible for airbus to continue subsidies subsidies now wrong boeing and airbus highly competitive and subsidies setting sometimes the wrong signals like the development of the airbus a $380.00 which had to falter 1st in frankfurt. now let's take a close look at how those u.s. tariffs are aff

sayard someone from airbus that it could be even bigger than the u.s. tariffs on 7.5 billion in goods. >> i would be careful. both companies are going to say they are the winner. the eu's case, against the u.s. was less consequential. foundst recent ruling that only one of the measures, which was much smaller, violated wto rules. my view, i anticipate a smaller arbitration award from you. -- from the eu. anna: how are your contacts at the wto feeling about all of this? have beenel they sidelined from global trade and now find themselves at the heart of the global trade conversation. .> indeed i would say they are inundated. the phone lines are off the hook. i hope the donald trump sees this as a positive thing. the wto can provide wins for the u.s.. matt: bloomberg's wto reporter, very busy in geneva today. services pmiinal readings from france and italy in this morning. the upsideised to and the french numbers were weaker than the preliminary numbers. let's get over to dani burger. we just got the germany numbers and they are fitting the narrative from

dominates that 100 percent airbus a $320.00 neo was an upgrade of an older model but with a new fuel efficient engine promising savings to airlines and catching boeing off guard the fact that decided to reengineer which is of course much quicker than doing a new aircraft put boeing into a decision do we stay with the plan to make a new way or do we actually go and also re on to an r. and d. platform 737 into that for. facing the loss of borders to airbus to large clients like american airlines boeing decided not to make a new airplane to compete with air bus and instead decided to upgrade the work or so their fleet the 737 so this is the hinchey model yes this is the model that the macs were built on this is the jeffries model what would be different about this model it would be a sense really larger and you're getting a little bit more. one of the key selling points of the max to airlines was that it was just like 730 seven's their pilots were already certified for so they wouldn't need expensive training in a flight simulator. the match was certified by american aviation authoritie

to china for instance this is a w w t o world trade organization ruling at the moment so far against airbus which has been in the making and for a decade and a half as you said in your in in your video so this comes at an awkward time it puts the spotlight very much on the u.s. e.u. trade relationship one the white house has been sort of you know examining reexamining. ever since president trump became became president so it's a very sensitive topic but it's actually quite separate to the rest of the policies or the the actions that we've seen from from the white house which has been in the making for this ruling for for a decade and a half it just comes at a time and put the spotlight back on the e.u. u.s. relationship and we'll see what the decides on boeing early 2020 whether or not this is part and parcel of the whole trade war i mean what's the use of the u.s. why is the u.s. threatening the e.u. with tariffs for something that it does as well. well we'll see as i said we'll have to see what whether that t.o. says about boeing specifically about the americans and the american company i

to china for instance this is a w t o world trade organization ruling at the moment so far against airbus which has been in the making and for a decade and a half as you said in your in in your video so this comes at an awkward time it puts the spotlight very much on the u.s. e.u. trade relationship one of the white house has been sort of you know examining reexamining. ever sence president trump became became president it's a very sensitive topic but it's actually quite separate to the rest of the policies or the say the actions that we've seen come from the white house that has been in the making for this ruling for for a decade and a half it just comes at a time and put the spotlight back on the e.u. u.s. relationship and we'll see what the decides on boeing early 2020 or whether or not this is part and parcel of the whole trade war i mean what's the use of the u.s. why is the u.s. threatening the e.u. with tariffs for something that it does as well. well we'll see as i said we'll have to see what whether the tio says about boeing specifically about the americans and the american compa

world trade organization ruling at the moment so far against airbus which has been in the making and for a decade and a half as you said in your in in your video so this comes at an awkward time it puts the spotlight very much on the u.s. e.u. trade relationship one the white house has been sort of you know examining reexamining. ever since president trump became became president so it's a very sensitive topic but it's actually quite separate to the rest of the policies or the say that the actions that we've seen from the white house that has been in the making for this ruling for for a decade and a half it just comes at a time and put the spotlight back on the u.s. relationship and we'll see what the decides on going early 2020. whether or not this is part and parcel of the whole trade war. what's the use of the u.s. why is the u.s. threatening the e.u. with tariffs for something that it does as well. well we'll see as i said we'll have to see what whether that t.o. says about boeing specifically about the americans and the american company in this case and what level if any of. ter

number two, airbus, their shares lower as well but airbus is cutting delivery targets primarily due to production problems at a plant in germany airbus says it is working to find solutions for customers hit by new u.s. tariffs. >> bayer numbers rose but the number of lawsuits related to the monsanto weed killer has jumped up to 42,000 on deck, we reveal what is the biggest long-term question for boeing as its ceo prepares for a second day on the stand in capitol hill a win for j&j as that stock moves higher ♪ ♪ i've been a caregiver for 20 years. no two patients are the same. predicting the next step for them can be challenging. today we're using the ibm cloud to run new analytics tools that help us better predict and plan a patient's recovery. ♪ ♪ ultimately, it's helping thousands of patients return home. and who doesn't love going home. >> welcome back. california governor touring the fire damage and slamming pg&e over its continued role in the disaster jay gray has more from l.a. on the current status and where the blame is being passed, jay >> brian, look, right now, we ar

airbus is up by more than 3%. the bank morgan sta nley says more than 3%. the bank morgan stanley says that the tariffs that donald trump has imposed in the last 12 hours represent the least bad outcome for the airline maker. and the tariffs were actually fairly restrained. they could have been as bad as 100%, say morgan stanley. the world trade organisation has ruled that the us is entitled to tax imports from the european union worth billions of dollars, all in retaliation for state support the eu illegally gave to abbas. it is the latest chapter in a 15 year battle between these two sides. —— airbus and boeing. after 15 years of wrangling, the wto has handed out the largest arbitration award in its history. it allowed the us to apply ta riffs history. it allowed the us to apply tariffs to european exports in retaliation for illegal eu subsidies paid to airbus. donald trump was quick to claim it as a big win for the us. they think i don't quick to claim it as a big win for the us. they thinki don't like quick to claim it as a big win for the us. they

sophie: there could be trouble ahead given some airbus jets are facing engine trouble in india. kyunghee: that is true. my understanding for indigo is they are probably going to look the engine. that is the problem that is facing other carriers in india. indigo does have an option of selecting engine makers in this case. we will see what they choose. haveurrent ones they do are still facing problems in india at the moment. rishaad: thank you very much kyunghee. she joined us from singapore. coming up, we will have a look at the chairman of the indigo group. operate in a key numbers of distress. you are with bloomberg. ♪ sophie: a quick check of the latest business flash headlines. samsung has seized its next clamshell phone that folds from top to bottom rather than side to side. the coming did not provide details on when they would start selling the device. samsung is sticking with portable phones despite the troubled rollout of its first galaxy fold. u.s. sales have plummeted to just over $3 billion in the last quarter. down 2 billion from a year ago. sales are falling in the

european imports — from single malt to olives — as it wins a decade long dispute over state aid to airbus. plus — back at tech's top table. microsoft is once again the world's most valuable company. we hear from the boss about how he plans to keep it there. and on the markets, stocks tumble around the world — as new trade tensions add to growing fears of a global recession. we start with global trade tensions — because business relations between the us and europe look likely to become increasingly strained. and this is at a time when the us trade war with china has rattled global markets. the world trade organisation has ruled that the us is entitled to tax imports from the european union worth billions of dollars — in retaliation for state support the eu illegally gave to aircraft maker airbus. it's the latest chapter in a 15—year battle between the two sides over subsidies for airbus and rival boeing. vivienne nunis in new york is following the story. after 15 years of wrangling, the wto has handed down the largest arbitration award in history, it allows the us to apply tariff

dominates that 100 percent airbus a $320.00 neo was an upgrade of an older model but with a new fuel efficient engine promising savings to airlines and pitching boeing offguard the fact that decided to reengineer which is of course much quicker than doing a new aircraft put boeing into a decision do we stay with the plan to make a new way or do we actually go and also re on to an r. and d. platform 737 into that for. facing the loss of borders to airbus to large clients like american airlines boeing decided not to make a new airplane to compete with their bus and instead decided to upgrade the work course of their fleet to the 7 $37.00 so this is the empty bottle yes this is the model that the macs were built on this is the geoffrey vs model what would be different about this model it would be sensibly larger and you're getting a little bit more. one of the key selling points of the max to airlines was that it was just like 730 seven's their pilots were already certified for so they wouldn't need expensive training in a flight simulator. the max was certified by american aviation aut

we'll take a quick break airbus cuts delivery for the full year despite a bumper order. more live from paris next. do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. rowithout the commission fees and account minimums. so, you can start investing today, wherever you are even hanging with your dog. ooh, like her. she's probably investing right now... taking charge of her money, making it happen. she's - not going to be happy about that pillow. it's time to do money, so what are you waiting for. download now and get your first stock on us. robinhood. it's how we care for our patients- like job. his team at ctca treated his cancer and side effects. so job can stay strong for his family. cancer treatment centers of america. appointments available now. cancer treatment centers of america. sfx: upbeat music a lot of clothes you normally take to the cleaners aren't dirty dirty. they just need a quick

airlines fly the airbus. delta has ordered more than 250 planes right now from airbus, that's the order. we'll see if the order sticks. lauren: and staying with boeing, some disturbing revelations from one of their engineers who helped develop the 737 max. according to published reports, the engineer filed an internal complaint after the two crashes, saying the company's culture had an effect. boeing said quality and integ integrity are at the core of the values. cheryl: the ceo discussed why pilots were unable to prevent the two 737 max planes from crashing. he was in new york yesterday. here's what he said. >> the early information established that in both flights a software function activated in response to incorrect information from an external airplane sensor, as part of a broader chain of events. this cree oughte korea ated mord for -- created more workload for the pilots. cheryl: southwest airlines says it doesn't expect to fly the 737 max again. the pilots in particular said this from southwest, until

., airbus employs 4000 people. seven people are dead after the crash of a world war ii bomber in connecticut. hadng takeoff, the b-17 mechanical problems. 13 people in total were on board. , the president is promising new rules on labor and foreign investment. that would deliver on some of the major reformers -- major reforms investors are demanding. the president says the new changes will apply to new workers only. that will attract businesses that want to set up shop in indonesia. global news, 24 hours a day, on air and at tick toc on twitter, powered by over 2700 journalists and analysts in more than 120 countries. i am viviana hurtado. this is bloomberg. tom: in the winter of this january at davos, francine and i had a piercing conversation with the leader of the republic of ireland. we spoke of the border, of the tensions between dublin and london and the tensions with belfast. much has changed but nothing has changed. we have the prime minister's speech in the next hour. the senate brexit committee chair join

can now impose as a result of subsidies regarding airbus. a highly contentious, probably the best way to put it, what we've seen from the president today who is pushing back on this claim of impeachment or wrongdoing regarding the call that he had with th ukrainian president. there's a host of economic news as well as the president has been watching the markets. he tweeted out earlier today that he thanks the democrats are trying to send the markets down in order to gain a 2020 election win. just yesterday the president had blamed his normal punching bag day powell for what's been going on in the market. today he sort of shifted that toward the democrats way. that came as nancy pelosi was up on capitol hill giving a press conference along with the head of the house intelligence committee adam schiff in which nancy posey said she wanted to move forward on lowering drug prices and saying the things that are going sent right now is potentially good thing for the um ca but she didn't give any indication they could be at the finish line though th

when did you last speak to airbus and what do you think of the 320? >> we talk to airbus all the time. the people have tremendous leadership. they produce a terrific product as well. 8 think that the boeing max is the best airplane in the world. the a320 is a good competitor but it doesn't match the max 8. boeing doesn't really have a competitor, as close a competitor to the airbus 220 which is something we have already been looking at, but we had already decided that the max was our future, we have orders for the max 7 in addition to the max 8. that is something we will have to take a hard look at next year. having a320 fleet is clearly an advantage. how hard is it going to be to persuade the traveling public not to fly on an airbus aircraft and to fly on the max? you have toe will be once you get this aircraft back in the air to get the customers back? >> i'm confident but you make an obvious and excellent point thoseis that there are who are unconvinced and it will , thecumbent upon boeing faa and the airlines including southwest to convince the tr

dominates that 100 percent airbus is a 320 neo was an upgrade of an older model but with a new fuel efficient engine promising savings to airlines and catching boeing off guard the fact that they cited to reengineer which is of course much quicker than doing a new aircraft put boeing into a decision do we stay with the plan to make a new way or do we actually go and also re. and in r. and d. platform 737 and 2 platforms. facing a loss of borders to airbus to large clients like american airlines boeing decided not to make a new airplane to compete with air bus but instead decided to upgrade the work course of their fleet to the 7 $37.00 so this is the n.t. model yes this is the model that the macs were built this is the death previous model and what will be different about it is that this model it would be sensibly larger and you're getting a little bit further forward. one of the key selling points of the max to airlines was that it was just like 737 s. their pilots were already certified for so they wouldn't need expensive training in a flight simulator. the max was certified by am

dominates that 100 percent airbus is a 320 neo was an upgrade of an older model but with a new fuel efficient engine promising savings to airlines and catching boeing off guard the fact that they cited to reengineer which is of course much quicker than doing a new aircraft put boeing into a decision do we stay with the plan to make a new way or do we actually go and also re. and in r. and d. platform 737 and 2 platforms. facing a loss of borders to airbus to large clients like american airlines boeing decided not to make a new airplane to compete with air bus and instead decided to upgrade the work course of their fleet to the 7 $37.00 so this is the n.t. model yes this is the model that the macs were built this is the death previous model what will be different about this than this model it would be sensibly larger and you're getting a little bit further forward. one of the key selling points of the max to airlines was that it was just like 730 seven's their pilots were already certified for so they wouldn't need expensive training in a flight simulator. the max was certified by am

facing the loss of borders to airbus to large clients like american airlines boeing decided not to make a new airplane to compete with air bus and instead decided to upgrade the work course of their fleet to the 7 $37.00 so this is the n.t. model yes this is the model that the macs were built this is the death previous model what would be different about this model it would be sensibly larger and you're fitting a little bit further forward. one of the key selling points of the max to airlines was that it was just like 730 seven's their pilots were already certified form so they wouldn't need expensive training in a flight simulator. the max was certified by american aviation authorities in 2017 they became boeing spasso selling plane if you're on an airline and i said i have a new airplane for you it's very similar to the other airplane and here's the price tag your response maybe you haven't seen or a plane i've got to train my pilot's simulators it's a bit more expensive venture well here's the goodness you don't have to train him in this game this little i pad course they can do it a

but if you look at a company like airbus, it might be subject to some of these headlines today. when we look at a business like tail it has a 20-year behind it. 2 billion people coming into the middle classes in emerging markets, the average american is only one ine -- three people in emerging markets have been on a plane before in their lives, and it is that structural growth story that will endure regardless of some of the reverberations we are seeing in the markets. guy: chris, that is fine, but i am wondering whether or not we are seeing a paradigm shift when it comes to the global economy. globalization is clearly in reverse. airbus and boeing will rely on china to deliver many of the aircraft that they are going to be selling over the next few years. if the u.s. continues down the road it is on, if china continues down the road it is on, we are not just in a trade war. we are in a completely different paradigm. much more about the great power status, more akin to the cold war. how does that structural story stack up if that is the direction we are traveling in? chris: than

dominates that 100 percent airbus is a 320 neo was an upgrade of an older model but with a new fuel efficient engine promising savings to airlines and catching boeing off guard the fact that they cited to reengineer which is of course much quicker than doing a new aircraft put boeing into a decision do we stay with the plan to make a new way or do we actually go and also rail. and in r. and d. platform 737 and 2 platforms. facing the loss of borders to airbus to large clients like american airlines boeing decided not to make a new airplane to compete with air bus but instead decided to upgrade the work course of their fleet to the 7 $37.00 so this is the hinchey model yet this is the model that the market was built on this is the jeffrey vs model what would be different about this model it would be sensibly larger and you're getting a little bit further forward. one of the key selling points of the max to airlines was that it was just like 730 seven's their pilots were already certified for so they wouldn't need expensive training in a flight simulator. the max was certified by amer

the airbus story is the pinnacle of this story. airbus has bounced back. the sense is the u.s. tariffs are not as onerous as anticipated. we are going to see what airbus does and what europe does in response to this end six months down the road. remember airbus has a claim against the u.s.. look at lvmh. that is look at the european close. e:maine: here in the -- vonni here in the u.s., it has been a rolling kind of day. after the date of this morning we saw indices down 1% and then we were positive for a time on the indices, excepting the transportation index. the dow down less than .1%. markets continue to digest the data and factoring things like the president's comments, what richard clarinet might say later on in new york, and might add to the conversation on that services data. as 10 year was down as far 1.50, it is now back up to 1.54. the dollar index lighter. that's get to some of the individual stocks i was referring to. delta airlines down 2.9%. all of the major airlines are lower after delta said business travel is being affected. tesla down 6.5%. 97,000 deliveries,

industry airbus argues that tariffs will harm the entire global industry. senator bernie sanders has been forced to take a break from campaigning. the democratic presidential candidate was taken to the hospital after having chest payne said a campaign event this was tuesday night. doctors say they found a blocked artery, they inserted 2 stents the 78 year-old campaign says that he is recoveringtand is in good spirits. all of his campaign events and appearances have been canceled until further notice. the competition heating up in the 2020 race senator elizabeth warren and former vice president joe biden leading the pack this is according to a new monmouth poll. warren has 28% support from likely democratic voters by t 25% senator bernie sanders follows them at 15%. senator kamala harris and south bend, indiana mayor pete footage, judge. they each have 5% and businessman andrew yang, an author marianne williamson are at 2% nobody else got more than one percent in that poll. >>after human host of inside bay area. ticks you can watch it at 11 oh 5 on saturday

airbus cannot possibly accommodate all orders. could the lose market share lead to airbus? yes, that is possible. boeing is going to be the largest are the second largest airbus manufacturer for decades. caroline: thank you very much indeed. a quick check on how we are moving in the post earnings word. mattel, as they wrap up their whistleblowing inquiry. mark: i am mark crumpton with bloomberg first word news. the u.k. will hold a general to on december 12, the date boris johnson wanted. it will give voters a chance to choose between parties trying to brexit and those pushing a split at any cost. the ceo of boeing apologized to families affected by the air disasters. he testified today before the senate commerce committee. he is scheduled to appear before the house transportation committee. he told family members of those we made"we know mistakes and got some things wrong." >> we are sorry. deeply and truly sorry. ,s a husband and father myself i am heartbroken by your losses. i think about you and your loved ones every day, and i know our entire boeing team does as well.

sunderland, to airbus, and? where land rover in burlington -- and for thousands of jobs depend on a strong manufacturing sector. and that sector needs markets with fluid supply chains all across the european union. a vote for this deal would be a vote to cut manufacturing jobs all across this country. this deal, mr. speaker, would inevitably and absolutely inevitably lead to a trump trade deal. -- forcing the. u.k. to diverge from the highest standards and expose our families, once again, to chlorine washed chicken and hormone laden beef. this deal --

dominates that 100 percent airbus is a 320 neo was an upgrade of an older model but with a new fuel efficient engine promising savings to airlines and catching boeing off guard the fact that they cited to reengineer which is of course much quicker than doing a new aircraft put boeing into a decision do we stay with the plan to make a new way or do we actually go and also rail. and in r. and d. platform 77 ended up for. bass in a lawsuit orders to airbus to large clients like american airlines boeing decided not to make a new airplane to compete with air bus and instead decided to upgrade the work course of their fleet to the 7 $37.00 so this is the n.t. model yet this is the model that the market was built this is the death previous model and what will be different about it in this model it would be sensibly and larger and you're getting a little bit further forward. one of the key selling points of the max to airlines was that it was just like 730 seven's their pilots were already certified for so they wouldn't need expensive training in a flight simulator. the max was certified by

. —— airbus. 25% tariffs on goods ranging from wine, olives and cheese to whiskey and knitted sweaters. also tariffs on european aircraft. doctor says it will

tariffs of 7 and a half $1000000000.00 on its that's for illegally subsidizing european plane maker airbus in a 1st step the u.s. has announced a new duties on aircraft and industrial and agricultural goods it sets the stage for a further extension of what's already the world's longest and costliest trade. us president donald trump isn't a fan of the world trade organization but he may have changed his mind on wednesday during a press conference with the spanish counterpart he said the w t o ruling was very good news for the u.s. efforts. beginning oct 18th washington will impose new tariffs on e.u. goods including 10 percent on aircraft and 25 percent on other industrial unlikely cultural products. it's the latest move in an epic 15 year bottle revolving around europe and its air bus on the one hand on america's boeing on the other the w.e.o. has found both the e.u. and the us guilty of paying on lawful subsidies to their respective plane makers before washington announced its response to the w t o ruling germany's chancellor was quick to highlight the gravity of the situation. given betw

goods that's for illegally subsidizing european plane maker airbus in a 1st step the u.s. has announced a new duties on aircraft and industrial and agricultural goods it sets the stage for a further extension of what's already the world's longest and costliest trade. u.s. president donald trump isn't a fan of the world trade organization but he may have changed his mind on wednesday during a press conference with his finnish counterpart he said the w t o ruling was very good news for the u.s. efforts. beginning oct 18th washington will impose new tariffs on e.u. goods including 10 percent on aircraft and 25 percent on other industrial and i grew cultural products. it's the latest move in an epic 15 year battle revolving around europe and its airbus on the one hand and america's boeing on the other the w.e.o. has found both the e.u. and the us guilty of paying on lawful subsidies to their respective plane makers before washington announced its response to the w t o ruling germany's chancellor was quick to highlight the gravity of the situation. nothing in between the case u

had been illegally subsidizing education giant airbus to the detriment of its u.s. rival boeing now while this dispute is still going on european food producers are sounding the law. this is parma the italian province that's been producing hard cheese for 9 centuries. to leni family's been a hit since 895. much of his product is banned for the united states it's the 2nd most important export market for parmigiano after from. but one week from now the cheese will be subject to a 25 percent tariff. for the whole region of parmigiano reggiano for us farmers this was a slap in the face because of course when we no longer have that export market for the cheese will be forced to lower the price here and after that we won't make any money everything we earn is from parmigiano reggiano or. parmesan cheese is just one of many european agricultural products the united states is targeting up to the world trade organization rules that the e.u. had been illegally subsidizing aviation chide airbus other goods affected include french wine. and spanish almost. in madrid farmers hav

subsidies to plane maker airbus. this is your business report i'm stephen beard simply lead thanks for watching the u.s. and china have agreed on a partial trade deal according to u.s. president trump that means the u.s. is spending plans to increase tariffs next tuesday on about $250000000000.00 of chinese imports trump and chinese president xi jinping could sign the partial agreement as early as november investors welcome the news with u.s. markets ending the day higher. us a look at this with our financial correspondent in new york yen scorer and now yens markets have been looking forward to a trade agreement and in particular to this meeting between trump and you all day what do they make of this trade deal. well there is some relief on the wall street but it will be very interesting to see how the market opens on monday because they have been so many headlines and shortly before the market closed at some point we saw blue chips trading up by more than 500 points what we did not end on the high note the market at

goods as washington subsidizes airbus rival boeing now those new u.s. tariffs on e.u. products kicked in on friday let's take a closer look at how those duties of 25 percent agricultural products impact one of france's most popular exports why. in the boat should a vineyard say this year's harvest has been better than expected despite the frost and trout now it's time for a final taste before the wine is released to the world but this year success some traditionally its biggest export markets the u.s. is by no means guaranteed. that we have folks and that is the 1st time that we've had a 25 percent increase in one go is a bit of a sucker punch. dominique gets 10 percent of his turnover from the states he's relying on good relations to keep importers on side. in another famous french wine region makers of burgundy hoping their reputation for the highest quality will see them through the tariffs the bone for example is known to connoisseurs around the world. your wine industry offers more and more interesting products from more and more countries so we can predict how am

they airbus was lowered to a depth of 30 metres injune. they submerged boeing 7a7 as part of wider plans to create an underwater theme park. in the red sea, they've installed a mill termism comprising tanks, troop carriers and a helicopter all in battle formation. it was one of the —— this man was one of the masterminds behind this. it was a complicated undertaking. which began in the plan was split into five parts and driven here from istanbul. why did you pick this specific spot? you probably can't just you probably can'tjust sing an aeroplane without paring it first, right? —— preparing. hey, guys, which one of the best thomas? we got a dive to do, right? heavier, the wreckers close to the bay, journey takes a few minutes. my guide does regularly, in fact he was also involved in getting it out to its final resting place. in any of those years have it in the plane change? they get very rich, we have many sea bass, around the plane and there is a total sometimes we see around the plane. and in this big vast ocean, loaded fish come

had been illegally subsidizing aviation airbus other goods affected include french wine. and spanish our lives. in madrid farmers have been taking to the streets to voice their opposition to the levy. but are no good to be trump wants to impose a 25 percent tariff we can't compete at that price in the traditional olive groves we're going to ruin them. with trade tension between the united states and the european union he sing up many farmers fear and all of france alone won't be enough to end this to speed. and that's it for me and the business team i'm seeing there's a blood as always thanks for watching. the for. the w.c. talk show strong opinions clear positions from international perspectives turkey's president pressure time anyone has launched an offensive against kurdish forces in northern syria so why now and what's the goal and will it further destabilize the region find down to the point of children. in 60 minutes on the t.w. . this you know i mean in your minutes in going yes. what i'm focused on him is you know what i'm with what an organizer i know what is it

wtomove comes after the ruled european states had illegally helped airbus. is 15 years oldld. donanald trump wasn't quit to te -- was quick to take credit. >> the wto has been better to us. they understand they cannot rip off the united states. for now, the trump administration will target a wide range of products. none are levied over 25%. juncker threatened an immediate response. escalated quickly. if someone is imposing tariffs on our aviation sector, we will do the same. year, the wto will rule -- unfair state subsidies. at how the mamarkets have been reacng.. some shares are actually rising in trading. this is a picture on the european market, down by half a percent. >> bad newews for ted baker. >> its shares are down 35% after it posted losses. they lost 2.7 million pounds compared to profits of 25 million for the same period last year. >> let's wrap up with a business riddle. when is breaking a r record stil a a disappointntment? tesla delivered 97,000 of its vehicles in three months to the end of september. they have been struggling with delays and a backlog for custom

$7500000000.00 and brussels is preparing to hit right back and a tray full of planes from boeing and airbus still be averted. and germany allows its 5 g. operators to use one way technology could pave the way for more leniency towards the chinese supplier in europe. and beating the downturn greek style how 3 young mothers became the most successful founders interest. this is to get your business i'm good how alphas in berlin well come. all the food you see right behind me here is from europe it's pasta red wine cheese but all these european products will be hit by 25 percent of tariffs in the u.s. from friday making them more expensive for americans than studio decision by the world trade organization in geneva it's set that the u.s. can impose countermeasures to the e use illegal subsidies at a special w t o meeting later today in geneva the us is presenting a list of e.u. products including promise and cheese and how starting on friday higher duties will have to be paid for these goods to be imported to the u.s. and it won't be cheap the video has allowed tariffs of $7500000000.00 over th

predicts lower revenues for aircraft manufacturers boeing and airbus. german researchers are warning the batteries used in electric vehicles could soon become a lot more expensive by demand and increasing prices for will materialize such as cobalt element used in the production of lithium ion batteries the making of more difficult for companies to secure those vital resources. and during his visit to rome u.s. secretary of state michael peo got a surprise cheese he was told the power john or cheese was probably the best in the world he was asked to give a piece to president trump who was fresh tariffs against e.u. products including that she says. a successful strategy in fighting drug trafficking is to track down money laundering but you've got to have a nose for that that's why french police are training their canine pals to stick out the cash on the communist island of cuba. the police dog she's excited about to new mission she's learning to identify the smell of money and to seek it out wherever it may be hidden because of her enthusiasm zeal his tr

airbus has said it will lead to a trade war. another worry for the global economy already dealing with fallout from the us — china trade war. it will not help the mood with investors anxious. it could push the global economy into recession. the nikkei is down 1.7% and australia 296. i am not really sure whether recession is imminent but all of a sudden you have news events and as far as data been taken on board from the market ‘s perception and it is they, are we in a good space or a space? so many moving parts with trade was and the us going to open up trade was and the us going to open up and take tariffs and introduce ta riffs up and take tariffs and introduce tariffs to europe as well. these factors will play to make it a tough six months ahead. are we likely to see central banks cutting interest rates further and basically putting in place additional fiscal measures to protect their economies?” in place additional fiscal measures to protect their economies? i think so. to protect their economies? i think so. we have s

to impose tariffs on eu imports over airbus subsidies. >> reporter: uk house builders and banks amidst the biggest fallers in the fitsy 100 says a lot of work to be done to get a deal. >>> the u.s. pulls last troops from syria president trump threatens powerful sanctions against ankara ♪ >>> well, our top story this morning and the top story for markets, a very substantial phase one deal is how president trump described friday's tentative trade agreement between the united states and china. mow the first part of what's expected to be several phases of negotiations covers areas like agriculture, currency and intellectual property. the president also agreed to suspend raising tariffs to 30% on $250 billion worth of chinese goods. >>> while both sides agree progress has been made, the pact is yet to be officially written and could take weeks to finalize now president trump praised china following the agreement and said the deal is fair for both sides >> we've been through a very tough negotiation. there's never been a negotiation like this. in all fairness, i give china tremendous credi

european imports — from single malt to olives — as it wins a decade long dispute over state aid to airbus. a warm welcome to the programme — briefing you on all you need to know in global news, business and sport. have you heard of "flygskam"? it's the swedish concept of flight shaming. and in a survey one in five of the people said they'd cut the number of flights they took over the last year because of the impact on the climate. are you now thinking twice about booking flights? tell us what you think — just use #bbcthebriefing. britain's prime minister, borisjohnson is preparing for 10 days of what he called "intensive discussions" as he seeks backing from eu leaders for his brexit blueprint. mrjohnson said he wants to get an agreement in place for the eu summit on october 17, paving the way for britain to leave with a deal at the end of the month. here's our political correspondentjessica parker. borisjohnson has always been something of a performer. now he's got to self ‘s plans to a variety of very different audiences. he is one of them, conservative mps filing into downing str

the us plan to tax billions of dollars of european imports after it won its dispute over state aid to airbus, with our economics correspondent andrew walker. and as uber test launches its new "uber works" service that puts casual workers in touch with employers we want to know if you think it's a good move? would you sign up as a worker or business? let us know — just use the #bbcbizlive. hello and welcome to business live. for one last time and i'll explain later. we start with uber, the taxi giant has been branching out into everything from food delivery to electric bike hire and later today it's launching this — uber works, an app that puts casual workers in touch with employers. it will allow say a waiter or a cleaner to compare pay rates and conditions and sign up for shifts. the system will start on a trial basis in chicago. uber works is designed to cash in on the massive growth in freelance working via digital platforms known as the gig economy. nobody really knows how big it is. but, according to estimates by staffing industry analysts, it was worth $4.5 trillion globally last y

that is in retaliation for illegal government aid to airbus. a reporter who covers aerospace and defense. he joins us from geneva. the number was lower than anticipated. nevertheless, walk us through the implications of what has happened, particularly why it seems the u.s. does not want to negotiate. bryce: the wto has handed donald trump a big weapon in trying to rein in some of europe's trade abuses. governments in the eu have unfairly subsidized airbus to the tune of $7.5 billion. now the u.s. can retaliate against european goods to that amount. because has not engaged it wants to have greater leverage in its negotiations of the future settlement agreement. romaine: talk to us about this general idea that was floated about a carousel retaliation, this idea you would have a variety of tariffs and other things that would rotate around to distract more pain than a straight tariff would. idea to increase uncertainty for european businesses and thus increase the pain. traditionally, when you set tariffs on another country's products, you label th

in a long running dispute over airbus subsidies. arntd t and the u.s. now plans to quickly impose tariffs on $7.5 billion worth of goods including aircraft from france, germany, spain or the uk. whiskeys, a variety of cheeses, coffee and olive oil. aircraft will be subject to a 10% tariff, other goods will have a 25% tariff. after the decision airbus warned the tariffs could creative serious damage to the a aerospace industry. there is slowest growth in global trade since 2009 when the u.s. economy was in a recession. wto will rule on boeing subsidies early next year. it is likely that the eu will retaliate. >>> and cnn has learned that the fbi running ads on facebook that appear to target russian spooid spiy s spies this d.c. one shows a woman at graduation with russians saying for the future of your family. and other ads include russian texts translating isn't it time for you to make your move. and time to draw bridges. the ads link to a page on the fbi washington field office website with details on the counterintelligence team and an invitation to,

but that dispute is about eight months behind the us challenge to airbus. so the us is implementing the tariffs today and in eight months it is expected that the wto arbitrator will authorise the eu to enact some retaliation against the us. let's have a look at the broader implications globally. these tariffs are separate to us president donald trump ‘s ongoing trade disputes with countries like china. so how is this impacting trade around the world? these are wto authorised tariffs which are different from other tariffs. the ones the us are applying. and the more tariffs there are, the harder it is for traders around the world and it is also a threat to the us economy. world bank says the uncertainty around the uk exit from the eu and the us china trade war have been big drags on the economy. we sat down with the president of the world bank and began by asking about the impact of brexit. we have seen a slowdown in the uk itself. there has been one quarter of negative growth, that is the most dramatic part of it. but the most dramatic part of it. but the

today there in a duopoly with airbus. where else will you get your planes? there's not a lot of competition. david: which has kept them going, which may keep them from making the changes they need to make. many thanks to brooke sutherland with bloomberg opinion. we will turn to stock of the hour. johnson & johnson is lower as litigation concerns loom ahead of the company's third-quarter results. kailey leinz is here to tell us about johnson & johnson. kailey: all of the headline numbers before the bell. the real focus will be on the company's commentary around lawsuits. last week two wins in terms of the baby powder product, but was also hit by an $8 billion fine in regard to antipsychotic drugs. those were three cases and what art 100,000 damage claims for a toiety of drugs from opioids other issues. analysts estimate the cost will be around $20 billion. only 20,000 cases, but they estimate the cost could be $5 billion when you consider all of the global payouts they have. david: that is what grabbed my attention from the bloomberg story. johnson & johnson

this move by president trump is retaliation against illegal eu subsidies for airbus. let's bring in edward lawrence in washington with more. a lot to keep track of. reporter: cheryl, 40% on some of them, the rest of them 262% will be the import coming in. those first tariffs could be collected in august, i'm sorry, april of 2020. now on the united nations, talking about the wto effort, now the wto gives the u.s. a green light to put $7.5 billion worth of imports from the european union to the u.s. under tariff. the president weighing in on all of this saying that the european union who has for many years traded the usa, treated the usa very badly on trade, trade tariffs and more, this going on for years, a nice victory. the u.s. trade representative says there are two categories here. 10% tariff for some items from the european union. then 25% tariff on other items all set to go. >> effect on october 18th because the wto agreed that airbus gets subsidies. >> force the european union to engage in fair and reciprocal trade with respect to their aircraft industry. so tha

to solve this airbus subsidy problem. airbus as a company would not exist without the governments of germany and france in the u.k. it's capitalism versus socialism and europe inc. and somebody has to give. what ambassador lighthizer did was design them in a way to put pressure on the e.u. to come to the table and get that done. we'll see what happens. but this was a great victory today for president trump. they just keep piling up as all this other crud keeps going on. lou: i understand that word, and i bet most of of this audience understands it and many of its synonyms. breaking news tonight, the state department's inspector general's steve len nirks k giving congressional staffers a packet of old news stories on sue crane. sources telling the "daily caller" that closed door briefing, an obama holdover as rudy giuliani points out earlier on the broadcast didn't have any new bombshells but a bunch of news articles written this past spring by one john solomon about democratic ties to ukraine. this is starting to get bett

boeing has a lot bigger problems than airbus sub ssidiesubsidies. they have to get their own house in order. >> do you think tariffs on german cars would be next? >> i hope not. that will unleash a huge trade war that might even dwarf or rival the trade war with china we know how that's ending up we're no more closer to an agreement. u.s. businesses and consumers are paying a price for that. so no, i hope wetay away from teariffs on cars quickly, joel, last word >> well i would just add that the cars are quite different that's on a purported kind of false national security rationalerrationa rationale. this is a good faith truly legal right that the united states has pursuant to this litigation. >> right, so it would be yet another departure. we'll see. no sense speculating yet but as we've seen, we can be surprised a lot with these tariff announcements. thank you both >>> coming up, industrials saw their worst drop since august after tuesday's woeful manufacturing report is there more rapain to come or could this be a good buying opportunity? we'll

we now have a ruling on the wto airbus. bryce: this is the largest retaliation award granted by the wto in 25 years. this sets a precedent and provides a big weapon for donald trump to hit the european union with retaliatory tariffs. right now, we are awaiting an announcement from the ustr, which could come anytime between now and the end of the month about which tariffs in particular it will impose on which european goods. those tariffs could go into effect as soon as midmonth. david: before the united states and going get happy about this -- and boeing get happy about this, i understand there is another shoe that will drop with respect to boeing. >> there is a separate dispute proceeding the eu is awaiting where the wto will determine how much it can retaliate against u.s. goods in response to america's unfair subsidies to boeing. those tariffs, it is not clear what those will be, and the eu may retaliate before then if it feels it is being threatened by the u.s.. david: thanks a much for the reporting from geneva. that i

the new tariffs are targeted at those four eu countries which helped airbus, including the uk. our business editor, simonjack, takes a look at what the impact could be on scottish firms. a bolt from the blue. a is—yearfeud between eu giant airbus and arch us rival boeing over government subsidies has seen the us allow to impose $7.5 billion worth of tariffs on eu products, and the impact has landed right here, in speyside in scotland. from friday, single malt exports from scotland to the us, worth £1 billion, will be hit with a 25% tariff. single malts from the republic of ireland will not. so, this has been matured in sherry casks for... this distillery sends 60,000 bottles of spey single malt to the us every year. patricia dylan has been talking to us importers to grow that number. those plans are now under review. we feel as though we're being dragged into a trade war, which is nothing to do with us whatsoever, and because of the 25% tariffs that have been implemented in the us, this is something we can't possibly absorb into our business, so what we have to do is reconsi