more on the boe next. this is bloomberg. ♪ ♪ >> market pricing, you know, i think, you know, as you could tell from the commentary we may today -- made today, the direction is a bit overdone, in our candida view. dani: bank of england and andrew bailey commenting after the boe's surprise decision to hold rates. we are joined by lizzy burden, always the wisest voice in the room when it comes to the boe. what was the main takeaway from yesterday's boe decision? is the bank having a communication crisis? >> the bank surprised markets by keeping rates on hold. that triggers the accusation the and your bailey, the governor -- andrew bailey, the governor, is the new, unreliable boyfriend. that was the name given to his predecessor, mark carney, for failing to deliver on forward guidance. part of the reason that markets were ramping up expectations so aggressively was because of hawkish hands dropped by -- hints dropped by the governor himself. he insists that he never said the bank would act in november, onl

when does that shift over at boeing? at the moment, older aircraft are being converted to freighters. when do we see the mix switching from conversions to new aircraft and that being the focus? we have just wrapped up the summit in glasgow. the evidence is that the aviation industry will have to do more and quicker. ted: absolutely. and as you would've heard from our team there, we talked a lot about our commitment to sustainability and a having a cleaner aerospace industry. we are focused on innovation and technology to support that. we have been flying for a while and you will start to see that being incorporated in the next decade or so. there is time ahead of us to get there but the work is being done now to make sure that we deliver safe and sustainable products to the market. tom: you talked about the cleaner fuel. we know airbus is putting money into developing hydrogen. is there a risk that boeing is behind? is there a lot to do to catch up in developments in hydrogen? ted: we stay close to airbus and the industr

and boeing shares this morning that piece of news come frg a boeing execut who was doing an interview is that the company is nearing the resumgts of delivers of the dream liner they've been suspended while the faa is working on the protocol in making sure the plane the up to snuff in terms of what's expected before it can be signed off to be safe to fly. then you have the 737 max news this came out of china with china saying that they are getting close to recertification on the max remember, it has been grounded since back in march of 2019. and china orders are critical to the growth of not only the max, but really for boeing's commercial unit overall. the orders are 20% of the max backlog according to jeffries. those china orders are approximately 10% of the deliveries through 2024. so if you take a look at shares of boeing and again, we're going back to march of 2019, that's when the max was grounded. china orders are approximately a third of the 737 max inventory remember, there are so many of these planes that were built and they continued production before they suspended producti

one of the improvements put into place is boeing's safety management program. revealing systems much earlier than they were previously and e we are seeing results and it is making our oversight more effective and systematic. we willfo continue to drive those improvements. >> honestly, limiting delegations is just not enough. we cannot trust boeing until the systems that enabled and caused these tragedies are fully fixed. i urge you to take back the faa's full certification authority. take it all b back into your has and that is the bottom line, mr. administrator. i also want to strongly urge you to finish implementing two overdue congressional mandates from t the reauthorization act 2018. first, while i am glad the faa hasst finally published its proposed rule, you must finalize the proceeding without further delay. second, w the faa needs to rapiy advance a requirement to install secondary barriers for cockpits to protect our crews and passengers from r anyone who ma rush the flight deck. it is time to get these essential rules done. will you complete them in

that is why i stand with the families of the victims calling for the faa to suspend boeing boeing's delegated authority until trust is fully restored. thank you for your letter and i know madame chair you have included in the record i think it is so important this become part of our history. >> it will be part of the record. >> administrator will you suspend boeing's delegated authority intel congress aircraft certification bill is fully implemented and boeing has proven it has changed its ways quick. >> thank you for the question. we have reset the relationship with boeing in no uncertain terms. we have limited delegation of various items as i said a moment ago the air ward and certificates. we are retaining full control over that. one of the improvements put in place is boeing safety management system that is revealing issues much earlier than they were previously and we are seeing results and makes the oversight more effective and more systematic we conduct regular performance reviews with them and we will continue to draw on those improvements. >> honestly limiting delegation is just not

it was all about the boe because we saw them keeping rates on hold. the markets perhaps thinking the communication is not so clear. we continue to watch what the global bond reaction to the boe will be after the fed remained more dovish and its latest assessment. paul: it was the bond market given some of the credit for forcing the hand of the rba this week walking away from the target for the three year note. we're going to hear more from the reserve bank of australia later today. we will hear more about the growth and inflation outlook. the markets already pricing in three rate increases for 2022. the rba is not quite at that point, although it did walk back some of its language on tuesday's meeting signaling it might be willing to move earlier than 2024. markets seeing a number of pressures including a rapidly improving vaccination rate which suggests maybe the recovery is going to be faster. shery: there was a reason why markets were pricing and faster action from central banks. inflation expectations soaring as oil prices continue to gain ground.

the expert panel is paid by boeing. that begs a lot of credulity on their inspection. >> it's an open seeping wound in our community that threatens our public health every time it rains or the wind blows or the fires burn. i live in simi valley. i have a 3-year-old. i'm a golden state water customer. i've got groundwater from below ssfl pumped in with every meal, every bath. it's your job to protect my water source. you regulate boeing, not the other way around. >> thank you. >> i'm a little disappointed today. i had actually assumed that it would be an independent panel, expert panel speaking today. i didn't know anything about politics until the last five years, and i've learned that you always have to follow the money. that's the basic understanding of how america works these days, unfortunately. i was very disappointed. i'm sure their intellect is better than mine, hands-down. however, that's not an independent panel. and the people of los angeles deserve better on such a critically important issue. we've got a lot

the expert panel is paid by boeing. that begs a lot of credulity on their inspection. >> it's an open seeping wound in our community that threatens our public health every time it rains or the wind blows or the fires burn. i live in simi valley. i have a 3-year-old. i'm a golden state water customer. i've got groundwater from below sssfl pumped in with every meal, every bath. it's your job to protect my water source. you regulate boeing, not the other way around. >> thank you. >> i'm a little disappointed today. i had actually assumed that it would be an independent panel, expert panel speaking today. i didn't know anything about politics until the last five years, and i've learned that you always have to follow the money. that's the basic understanding of how america works these days, unfortunately. i was very disappointed. i'm sure their intellect is better than mine, hands-down. however, that's not an independent panel. and the people of los angeles deserve better on such a critically important issue. we've got a lot

i mean, do go to the likes of abas and boeing and say, we need to do this. we need to get our carbon emissions lower. or is it the other way round? do they come to you and they say, well look, we've got a more efficient engine, we've got more efficient. yeah, it's, it's a great question because traditionally it has been the manufacturer coming to us and say, look, we've got a better option for you. we're now saying actually, you're not moving fast enough and you need to do better, you know, the aircraft and engines that are being produced today need to be more efficient. so it's to see airbus, for example, are committing to having a hydrogen powered aircraft, which clarity would be gross 0 know c o 2 emissions by 2035. and i think that's going to be challenging, but they're, they're getting more and more confident that they can do that. but in the timeframe up to 2050, we think that's going to have limited impact. it will have more significant impact beyond 20th. it will come a day when we can fly without emissions that will electric engine say for instance,

i mean, do go to the likes of adolescent boeing and say we need to do this. we need to get our carbon emissions lower. or is it the other way round? do they come to you and they say, well look, we've got a more efficient engine. we've got more efficient aircraft. yeah. it's, it's, it's a great question because traditionally it has been the manufacturer coming to us and say, look, we've got a better option for you. we're now saying, actually, you're not moving fast enough. you need to do better. you know, the aircraft and engines that are being produced today need to be more efficient. so it's to see airbus, for example, are committing to having a hydrogen powered aircraft, which clearly would be gross to 0. no c, o, 2 emissions by 2035. and i think that's going to be challenging, but they're, they're getting more and more confident that they can do that. but in the timeframe up to 2050, we think that's going to have limited impact. it will have more significant impact beyond 20th. we will come a day when we can fly without emissions that will electric engine

i mean, do go to the likes of abas and boeing and say, we need to do this. we need to get our carbon emissions lower. or is it the other way round? do they come to you? and they say, well look, we've got a more efficient engine, we've got more efficient. yeah, it's, it's a great question because traditionally it has been the manufacturer coming to us and say, look, we've got a better option for you. we're now saying, actually, you're not moving fast. enough, you need to do better, you know, the aircraft and engines that are being produced today need to be more efficient. so it's using to see airbus, for example, are committing to having a hydrogen powered aircraft, which clarity would be gross 0 no c o 2 emissions by 2035. and i think that's going to be challenging, but they're, they're getting more and more confident that they can do that. but in the timeframe out to 2050, we think that's going to have limited impact. it will have more significant impact beyond to interface. it will come a day when we can fly without emissions that will electric engine say

i mean, do you go to the likes of adolescent boeing and say we need to do this? we need to get our carbon emissions lower. or is it the other way around? do they come to you and they say, well look, we've got a more efficient engine, we've got more efficient across. yeah, it's, it's, it's a great question because traditionally it has been the manufacturer coming to us and say, look, we've got a better option for you. we're now saying actually, you're not moving fast enough. you need to do better, you know, the aircraft and engines that are being produced today need to be more efficient. so it's using to see airbus, for example, are committing to having a hydrogen powered aircraft, which clarity would be gross 0 know c o 2 emissions by 2035. and i think that's going to be challenging, but they're, they're getting more and more confident that they can do that. but in the timeframe to 2050, we think that's going to have limited impact. it will have more significant impact beyond to interface. it will come a day when we can fly without emissions that will electric en

i mean, do go to the likes of adolescent boeing and say we need to do this. we need to get our carbon emissions lower. or is it the other way around? do they come to you and they say, well look, we've got a more efficient engine. we got more efficient across. yeah it's, it's a great question because traditionally it has been the manufacturer coming to us and say, look, we've got a better option for you. we're now saying, actually, you're not moving fast enough. you need to do better, you know, the aircraft and engines that are being produced today need to be more efficient. so it's using to see airbus, for example, are committing to having a hydrogen powered aircraft, which clarity would be gross 0 know c o 2 emissions by 2035. and i think that's going to be challenging, but they're, they're getting more and more confident that they can do that. but in the timeframe up to 2050, we think that's going to have limited impact. it will have more significant impact beyond 20th. we'll come a day when we can fly without emissions that will electric engine say for ins

i mean, do you go to the likes of adolescent boeing and say we need to do this? we need to get our carbon emissions lower. or is it the other way around? do they come to you and they say, well look, we've got a more efficient engine, we've got more efficient across. yeah, it's, it's a great question because traditionally it has been the manufacturer coming to us and say, look, we've got a better option for you. where now saying actually you're not moving fast enough, you need to do better, you know, the aircraft and engines that are being produced today need to be more efficient. so it's using to see airbus, for example, are committing to having a hydrogen powered aircraft, which clarity would be gross 0 know c o 2 emissions by 2035. i think that's going to be challenging, but they're, they're getting more and more confident that they can do that. but in the time frame to 2050, we think that's going to have limited impact. it will have more significant impact beyond to interface. it will come a day when we can fly without emissions that will electric engine say f

there are still issues that boeing has got to resolve. dani: the emirates airlines president speaking to yousef gamal el-din. the conversations will continue later this morning. the ceo of airbus points us from that same event. don't miss that conversation, shortly after 8:00 a.m. u.k. time. this is bloomberg. ♪ dani: welcome back to "bloomberg daybreak: europe," i am any burner -- dani burger alongside manus cranny. we are watching for a virtual summit between xi and biden. what can we expect going forward? joining us is bruce einhorn. can you set expectations for us? what could come out of this summit? bruce: the biden administration senior officials are trying to lower expectations for this summit. they are saying we should not expect any great victories. the real point they say is it is about reestablishing communication at the top levels, to create some guardrails for the relationship, the idea being with all of these topics like taiwan, they want to make sure the two sides are talking to one another. i think that is the key thing

should formally reign in boeing's o.d.a. authority. i'd like to enter into the record a letter from the families who are actually calling for a pulling of that authority. i understand that there is a panel that is meeting now, but the process and procedures in place to review their actions and have it be transparent is critically important if we are going to get this right. so all of these safety issues are critical to all of us in america. it's critical to our families who fly on planes. it's critical to our economy. we need the leadership of the f.a.a. to not just before our hearing today. the complexity that got us to this situation is a lot of complexity of language. in reality, it has to be leadership of the f.a.a. in implementing the law. now i'll turn to my colleague, senator wicker, for his opening statement. senator wicker: thank you, senator cantwell, for this hearing on federal aviation administration's implementation of acsaa, the aircraft, certification, safety, and accountability act, which this committee shepherded throu

don't talk about boeing. you bought more booking and sold gilead i've written all over my script and i can't even read it >> we did. we sold gilead and we are still believers in the company's oncology business and the fact that that will ultimately be able to bear fruit right here and now. it is all about remdesivir and we don't see that continuing as more new therapies come on the market that are more cost effective and this is a company that reported a good quarter, and things are starting to improve and their customers are coming back and using the service and the stock is down because of what's happening in europe and they do have a strong european business and they did just announce an acquisition to aus-based company that continue exposure in the u.s. and we think travel is coming back and most likely next year and this company is very well positioned with a very profitable business model. they announced a bigger share buyback, so we think it's very well positioned. >> weiss, you have a move, too i want

boeing need to get their act together. whenever the pricing is right, we have the cash for an order. manus: i do not want the pr line which is the greenest airline were customers can reduce co2 emissions by up to 50%. but we are going into cop. you have dealt with the green agenda for a long time. what is the biggest risk to you, or what can you do as a ceo of one of the biggest airlines in europe to continue to cop 26? >> the most meaningful thing we can do is invest in new technology. i'm so excited by the boeing max aircraft. we are taking a fleet of 210 aircraft deliveries over the next five years. these aircraft carried 4% more passengers. they burn less fuel and they reduce our noise emissions by 40%. not only do we make huge fuel savings -- cost savings, but we have lowered emissions. there is no doubt as an my mind that what aviation must do in the next decade is invest in new technology and new engines. there is no other way of -- the airlines can't to anything else in the next decade. but reduce our dependence on

the pound in focus ahead of the boe decision. sterling lower by 4% from the highs we saw at the end of may. prude in focus as opec-plus at -- prude in focus as opec-plus at the $80 per barrel. the fed has finally unveiled its much expected tapering of stimulus. as for the timing of the hike, the message from jay powell is be patient. >> it is time to taper because the economy has achieved progress toward our goals. we are prepared to adjust the pace of purchases. our decision to begin tapering asset purchases does not imply any direct signal regarding our interest rate policy. i do not think we are behind the curve, and policy is well-positioned to address the range of possible outcomes. that is what we need to do. it would be premature to raise rates today. i do not think that is controversial. we want to see the labor market heal further, and we have good reason to think that will happen as the delta variant declines. inflation has come in higher-than-expected, and bottlenecks have been more persistent and prevalent. he see tha

i think boeing needs to get their act together. tom: that was michael o'leary speaking to is earlier. barclays down one pointer percent, paring losses when it -- 1.9%, paring losses when it fell 3.5%, as jes staley stepped down, replaced. we have a note out saying they are disappointed by this move as jes staley has done "an excellent job," bloomberg intelligence saying the strategy of the bank is likely to remain unchanged around the change of leadership. plenty more coming up. we are back in glasgow for special coverage of the cop 26 summit. stay with us. this is bloomberg. ♪ francine: we are getting some pictures of leaders arriving at cop26. they will join us where we are. we are right close. a lot of people will be in out over the next two weeks. global leaders in busi

shares ever boeing taking flight at more than 5% and leading the dow. the company saying it is quote getting close to resuming deliveries of the suspend the 787 dreamliner model it also secured a deal for emirates for two 777 freighters. that is the good news. the bad, the stock is still down 16% from the march high and trades hard of the peak set back in early 2019. so is this a start of a bigger turnaround steve, kicking it off with you >> yeah, so i was going to touch on exactly what you had said about the down 16% from the march high all of the short-term technicals have rolled over it is bounced slightly i shouldn't say slightly, it is bounced off the recent october low and taken out the october high i think things are possibly turning ash around for them. it is about free cash flow for them i think that worst is behind them so, yes, agree. it probably is a buy at this point. >> mr. nathan, what do you make of boeing here >> i don't reallyhave much of take on it i'm happy for the chinese to try out the 737 max before we do, i guess. would you like

your thoughts on whether now is the right time to own boeing >> boeing is interesting because this segment is a segment with significant visibility so it's not as though you have to hope they will resume their capacity and be able to sell. orders have been placed and have visibility years into thefutur and while boeing got struck down because of the 737 china is signaling they'll probably okay it and they have already announced resumptions of the dreamliner. then you also have this move into freight, the freight capacity, which is spurred by the pandemic so there's a lot going for boeing and while it is slightly overvalued so is the rest of the market. >> ari, when you look at the stock compared to the 200 day moving average how does it look? >> i don't think bioing is a very compelling as a standloan idea i think the bull psych sl a tailwind for more questionable stock trends lie boeing. the stock is in a year to date range. notable today is it is trying to push above the 200-day moving average for the first time since august so keep an eye on $230. if we were to get a weird reversal to t

the same cannot be said for the boe. it could become the world's first major central bank to hike through covid in a knife edge decision today. plus, it is banking bonanza. easy day for europe's banks results in credit suisse, socgen, and putting more. do not miss that conversation with the ceo's of these various banks. speaking of those banking results, they are coming in fast and thick this morning. the headlines crossing the terminal. beating estimates for the third quarter. those results specifically, net income of 1.3 7 billion euros. the estimates have been for $1.9 billion. the fees and focus for ing. it is beating estimates despite the fact that we have seen rates very low. this is a hurdle a lot of banks have had to surpass. also getting lines coming in from commerce bank as well. this is a beach on the third quarter revenue coming in at 2 billion euros, just over 2 billion euros. the estimate had been for 1.9 9 billion euros. also seeing a hefty beat when it comes to operating profit as well as their net income

the boe is holding back. the sense that central banks are not rushing to hike interest rates is giving people a bit of confidence that they can keep going and equities. tom: opec-plus were not compelled to listen to joe biden and others to ramp up supply. the implications for inflation going forward from when goldman sachs and other see as a grind higher in oil prices, $90 by the end of the year is the goldman call -- how do we factor that in? >> it is going to be huge for inflation. how consumers respond to rising energy prices and whether that really starts to bite the consumer possible it will be a big issue. tom: we have nonfarm payroll, the estimates have been very hard to pin down for economists. 450,000 is the estimate we have at the moment for when they come out. how closely our markets going to be watching the wage component? >> i think very closely. it also factors into the picture we are seeing and that will determine how fast the fed ends up raising interest rates. tom: thank you very much indeed.

haslinda: and that was boeing ceo stan deal. yvonne: we have been focusing a lot in hong kong on cathay pacific. a report over the weekend about how dozens of pilots and crew members are being forced into a 20 day quarantine in hong kong after one of their pilots tested positive. this was a flight from hong kong to frank for. this insert -- to frankfurt. this is raising some alarms from the airline, saying this could impact some passenger and cargo flights too. haslinda: they are also moving their crew to another hotel in frankfurt. it will suspend layovers, and hong kong health authorities say there are other crewmembers currently overseas, they are telling them to isolate for 20 days wherever they are. another setback for the aviation industry. it also points to how difficult it is for this particular sector to move ahead. yvonne: yeah. you are seeing shares of cathay pacific down from 1% today. we did speak to winnie chu a few weeks ago, talking about the whole outlook for hospitality. they operate one of the biggest florenti

there are issues which boeing has got to resolve. >> tim clark speaking with bloomberg. this is bloomberg. >> a quick check of the headlines, american power in talks to buy a realty investment trust. the companies could announce an all-cash deal soon. the potential deal comes amidst conversations that data centers provide critical infrastructure for cloud computing. -- posted earnings but warned sales will be declining this quarter because of the chip shortages. that came in at $1.3 billion. the taiwanese company is the main iphone assembler. toshiba is aiming to split into three separate companies by the second half of 2023 as part of an effort to improve shareholder value. core operations will be separated into two publicly traded companies, and another for technology devices. the remaining business will hold its stakes in toshiba tech. we get more of the investors, plus the interview of the hour, the woman at the head of an asian property empire. that is it for daybreak australia, daybreak asia is next. this is bloomberg. ♪ and there you have it. woah. wireless on t

let's get more on the boe's surprise decision with kathleen hays. we saw the decision hitting the market really hard, we saw the pound tumbling and yield some blink. what does it -- and yields tumbling. what does it mean going forward? >> it remains to be seen. that was a great interview with governor andrew bailey. this 7-2 do not raise the rate, to not do anything with bond purchases, just keep them as is, after he has made many comments suggesting he was worried about inflation, starting back in the son hole conference, he was sounding more hawkish, that in september, -- then in september, he was alluding to the boe having to act. you see inflation is way above target, wages are rising, and inflation expectations have been rising a lot in the u.k. he was widely criticized for not pushing back. then holding all the rates steady. people are throwing around the term, unreliable boyfriend, a reference to mark carney, his predecessor, the bank of england indicating rate were coming and they never came. -- rate hikes were coming and they never came. it

the dow dragged down by boeing which is down over 5%. a real problem for the dow which closes 259 points but it's a record for the nasdaq. ♪. larry: hello, welcome to "kudlow" i am larry kudlow. just a quick word before i get to the budget and the economy. my congratulations to kyle rittenhouse for his across-the-board acquittal and complete exoneration of all charges. in this country thankfully the right of self-defense is protected by the constitution and google part of the rule of law. in this difficult trial justice

boeing says it is having progress in getting its jets can air. that is just ahead -- getting its jet back in the air. that is just ahead. don't miss the bloomberg new economic forum happening throughout the week. face-to-face discussions with world leaders on topics ranging from finance, trade to climate. this is bloomberg. ♪ >> what has happened with the four or five month delay? we have now seen an uptick in demand by significant percentages. not as much as it was prior to the pandemic, but we are now running at 50%, may be a bit more of where we are, and it is growing every day. and cargo is very strong and has been since the pandemic started. it is a good story at the moment. we are looking forward to the next four or five months of good business. >> we see human capital as one of the constraints. we have been working deeply with our supply chain, and will do so as we ramp up. but i would say the number one issue right now is bringing the workforce back into the production of the products. shery: high-profile names there speaking to bloombe

obviously, boeing and airbus are pretty good at making airplanes. then you got to go a little further down, but to be honest, the narrowbody market, airbus absolutely dominates it. what does boeing do next i think is the big question. alix: more questions, but we got to go. they are going to cut us off. guy: we got a little while left. still got 20 seconds. alix: i was going to go to when we are going to get hydrogen planes, when we will see those orders start to come in. guy: ge are really big on that right now, so that is why ge is working with airbus. that is a huge story. we will talk about the european earnings season next. this is bloomberg. ♪ this is bloomberg. ♪ this is elodia. she's a recording artist. 1 of 10 million people that comcast has connected to affordable internet in the last 10 years. and this is emmanuel, a future recording artist, and one of the millions of students we're connecting throughout the next 10. through projectup, comcast is committing $1 billion so millions more students, past... and present, can continue to get

janet: we are working with boeing as well and i did work with boeing before i went to nasa in the aerospace field. we are working with red wire. we are working with several other companies that will enable us to put the whole project together. we want everything from launch capability, which blue origin can provide. we provide a space plane that can take people and cargo to the space station and return cargo and crew. we can return cargo back to a runway and crew back to a runway so they will not be coming down to the ocean. they will weigh the space shuttle used to land. we have people with experience working at a space station like boeing who is currently operating the iss as well as people who have done 3d printing and other technology in space. carolyn: great to have some time with you. coming up, the cofounder of deliverr, valued at $2 billion, joins me to talk about how they are making shipping even faster. this is bloomberg. ♪ caroline: walmart is taking another step toward making aerial deliveries routine. dropping off items ranging from cans of tuna to children's thermometers. fo

let's talk about boeing. obviously a very important partner of yours and so is airbus and you do a lot of after market, which is great what is going on at boeing this is a great american company, larry you and i both know it's not performing the way we know boeing can >> i'll let you pick that up with our friend, dave calhoun, when he's on we're thrilled to be partners with both boeing and airbus. these are important, long-term relationships in both instances. and today our commitment to both partners does not change and there's nothing we've announced that will do anything but strengthen those ties over time. >> what do you do when it's fourth and 15? >> depends where you are on the field, jim >> i thing you have to punt. >> it's first and 20 for ge. >> fair enough let's bring it back. i thought you might have insights and i'm sure you do but maybe this is not the right time >> i would assume over the next year and two years n vesters are going to start demanding more information, more transparency as they t

analysts are concerned boeing has not been able to take full advantage in china. the max a huge headwind in terms of certification. i wonder whether the politics will start to change that? the europeans have fostered a better relationship with china in terms of trade. alix: i was also interesting in talking about the green planes, and i have to wonder who winds up paying for that? to the customer orders have to happen and what kind of premium will airliners be able to pay so airbus can make them, or does airbus have to make them and then sell them? guy: they probably have to make them and then sell them, but i have to say, you think about what is happening in the world, consumers are being squeezed on every single front. you think about the airline sectors here and now, and your point is a valid one going forward. the cost of fuel is going up massively. if your united airlines and you did not hedge you have to pass the cost on. the consumers are being squeezed at the gas pump, there being squeezed at the grocery. are they going to want to pay higher airfares and w

here it is visa and mastercard, it is airbus and boeing. there's no other place to go also, you know, 80% of the world's population has never been on an airplane. it is nice to think of a market like that that's still wide open, and, again, in three years it could be gangbusters again. >> you raised visa, so let's spend a moment on that one, which we are showing it on screen it is another one of your picks here that one i might argue with you that there's no competition. you know, you have seen what is going on with buy now, pay later. obviously crypto, the bitcoin network. even in europe where they're building their own payment system starting with peer-to-peer doesn't it mean there's new rifl rivals that never existed and that's why retailers are pushing back to lower fees >> i think so. obviously you are see in amazon is the latest example of pushing back on fees in the united kingdom. first of all, i would take it as a great tribute to amazon and investors should take note, wow, we have a customer big enough to singly pushback against v

it was the 2nd crash involving that type of aircraft in just a few months. boeing accepted responsibility and admitted its software was to blame . us judge has approved a $626000000.00 settlement for those harmed by the lead water crisis in flint. a town in michigan, the lawsuit was brought forward by tens of thousands of residents. most of the money will come from the state of michigan, which was accused of overlooking issues leading to the water crisis. to save money, flint changed with its water, came from in 2014. people immediately complained about the smell and the taste. at least remote the water was contaminated with lead and hadn't been properly treated . but the state officials insisted it was safe. rejecting findings from doctors groups, michigan, the civil rights commission later said a court systemic racism lay at the core of the cities water problems. flint is mostly black, is residents, mostly democrats. the governor at the time was a white republican law, suits relating to the what? contamination of dr. on for years wednesdays agreement is designed to settle most of them,

737 max crash shortly after take off from addis ababa. boeing has accepted responsibility and admitted its software was to blame. us judge has approved a $626000000.00 settlement for those harmed by the lead water crisis and flint in michigan. the suit was brought forward by tens of thousands of residents. most of the money will come from the state of michigan itself up next inside story. we're back in 30 minutes with 30 minutes of ounces or a will use will see that the he theo here, slides closer to civil war amid warnings of an even greater humanitarian crisis. can diplomats diffuse the situation? what would the failure of international diplomacy mean? this is inside story. ah hello and welcome to the show. i'm sammy's a damn. now if the opiate has more than 90 ethnic groups than it's feared, the conflict in the northern region of t gray is stirring divisions for you. any warning the nation is descending into an all out civil war. and the facts could riffle throughout the horn of africa. to grind rebels threatened to advance on the capital, addis ababa prime minister abbey athlete ha

as i'd beg, i'll de 0, poland. boeing has accepted responsibility for the 2019 ethiopian airlines crash as it reached a settlement with families of the victims. it doesn't involve compensation, but it does allow them to pursue individual claims in the american courts. 157 people were killed when the boeing 737 max crash shortly after takeoff from addis ababa. it was the 2nd crash involving that type of aircraft in just a few months. boeing admitted it, software was to blame. you as judge has approved a $626000000.00 settlement for those harmed by the lead water crisis in flint. in michigan, the suit was brought forward by tens of thousands of residents. most of the money will come from the state of michigan, which was accused of overlooking su is leading to the water crisis. to save money, flint changed where it's water came from in 2014. people immediately complained about it, smell and taste. it later emerged, the water was contaminated with lead and hadn't been properly treated. but state officials insisted it was safe. rejecting findings from doctors groups, michigan's civil rights

since the previous government fell in august. boeing has accepted responsibility for the 2019 ethiopian airlines crash as it reached a settlement with families of the victims. it does not involve compensation, but it does allow them to pursue individual claims in the american court. 157 people were killed when the boeing 737 max crash shortly after takeoff from addis ababa. it was the 2nd crash involving that type of aircraft in just a few months. boeing admitted its software was to blame. in an interview with al jazeera, a member of the ethiopian government has denied allegations of mass arrests and ethnic profiling. there have been reports of the police, rounding up high profile to grinds from a bank, c o to priests. at least 70 dr. was working for the world food program have also been taken into custody. the un says they were arrested during government raids, targeting to g. ryans a day earlier 16 you and workers were detained in the capital. i don't think and believe it is this through the ethnic profiling, but people might be out of that. i don't think that i children, i don't have

we have the boe as well tomorrow. we have bmw, lufthansa. one of the biggest worlds makers of wind turbines. this is the commodity prices surged and the pandemic of courses disrupted supply chains. the, he lowered its forecast amid supply issues. difficult deliver turbines and source of materials. we are joined by the ceo. thank you for joining us on no doubt a busy day for you and the team. you've cut the forecast for four year margins. leave the raise was five to 7%. where are we in terms of the margin pressures given our supply chain constraints given our input costs. are we bulging out in terms of margins or is there further erosions? >> thank you for having me and indeed it is a positive day in some ways. the outcome for the industry and the strategic post -- i have never been better. i also will say what i normally use economic strengths which is a high backlog probably in these previous couple of months the backlog has proven to be even more challenging. we have had a strong quarter in terms of energies. in an environment where custom

well, the latest approval from the federal communications commission, boeing is looking to move things for the aerospace giant has been cleared for entry into low or an earth orbit, satellites, or leo. this week the decision was cheered by boeing, but the measure was not without its own controversy. eli musk space ex has filed the complaint, citing interference in the sector. it is as it has long been developing its star link satellite constellation. those complaints, however, were swiftly rejected by the fcc boeing is currently planning to launch more than 100 satellites in the coming years to cover the u. s. and some of the caribbean territory. that, that for this time you can catch boom bus on to bad the portable tv app available on smartphones and tablets. google play and apple app store by searching portable tv. portable tv can also be downloaded on newer model, samsung, smart tv, and roku devices, or simply go to a portable tv with the next time on the bus. mm . i we're empowering ourselves to be more efficient or quicker with our transactions. we can make mobile payments from ou

i don't think the boe is going to be raising rates in the next year at all by 100 basis points. francine: thank you so much. coming up, elon musk sells more tesla shares. the world's richest man has collected -- continues to selloff stocks? that is the million-dollar question. this is bloomberg. ♪ tom: welcome back. we are 23 minutes into the european trading day. you are flat across the benchmark europe stocks. the ftse 100. you are seeing very modest losses on the dax in germany. basic resources at the top of the list. travel and leisure at the bottom. one corporate we are focused on and a warning about china is burberry, dropping more than 8%. .4%, the fashion goods maker based in the u.k., suggesting that the covid restrictions that china has put in place really did have an impact on sales, which missed estimates. longer-term, they still see resilience in china, but nonetheless, investors taking this pretty badly. francine: it is interesting. some things we should be watching out for. investors were frustrated by the chief executives focus on cost cutting and trying to get

well, the latest approval from the federal communications commission, boeing is looking to move things for the aerospace giant has been cleared for entry into low or an earth orbit, satellites, or leo. this week the decision was cheered by boeing, but the measure was not without its own controversy. eli and musk space ex has filed a complaint, citing interference in the sector. it is as it has long been developing its star link satellite constellation. those complaints, however, were swiftly rejected by the fcc boeing is currently planning to launch more than 100 satellites in the coming years to cover the u. s. and some of the caribbean territory. and that, that for this time, you can catch boom bus on the bat of the portable tv app available on smartphones and tablets in the google play. and apple app store by searching portable tv, portable tv could also be downloaded on newer model. samsung, smart tv and roku devices or simply go to a portable tv with the next time i me ah ah ah ah, is your media a reflection of reality? ah, in a world transformed what will make you feel safer? hig

we have got boeing jumping 5 1/3% right now to $232 and change. separately a u.s. judge on monday approved boeing's agreement to acknowledge liability for compensatory damages and all the lawsuits filed by the families of the 157 killed in the 2019, ethiopia airlines 737 max crash. airbus booked it is first order for a newly launched wide body freighter, pushed into a market dominated by rival boeing at a time when air cargo is booming because we have a supply chain problem. besides a slew of retail earnings, have a couple tech names reporting n -- nvidia, cisco. qqqs, hit a record high of on november this. right now it is trading right below that level. also our "countdown" close's pick. harmed pepper, pepper international absolutely loves tech. give us your thesis right here specifically as the qqq is very close to its record highs. >> hi, liz. i think that qqq is close to its record high today but we still have much more to go in the coming years. consumers have switched over virtual lifestyle companies and companies switched over employees coming in a few days

the headline is boeing he gave a boeing nod, but then when he start talking about taiwan, he's talking about the one china. he's not willing to do what trump did, to say to xi, before we get started, i'll drop a bomb on your head if we don't -- taiwan bide been doesn't do that >> he doesn't? >> no, biden doesn't >> now, look, suddenly i know what i'm doing boeing -- there's too many planes, as a matter of fact is biden going to talk about, say, human rights >> the bloomberg piece about the max getting close to clearance to fly in china, they're -- which would be big news. we mentioned musk's replies to bernie sanders over the woke jean the other is lucid wins motor car of the year. >> that's wee we're going there tomorrow i think lucid is the great luxury ev. i they 0 to 80 in something like 6 or something >> jim, it's the first time a first model has ever been car of the year we talked a lot about the stock itself which has just been a great one to own. >> i do wonder at a 71-plus billion dollar market value, very close to your favorite company, ford's market value. >> these are not t

priya: the boe. zach: boe. gene: it's gotta be the fed. these other ones are sideshows. jonathan: i'm surprised those two went with the bank of england. guys, good to catch up. from new york city, that is it for me. this was bloomberg "real yield." for our audience worldwide, this is bloomberg. ♪ moving is a handful. no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, and save money while you're at it with special offers just for movers at xfinity.com/moving. mark: i'm mark crumpton with bloomberg's first word news. after three and a half days of the liberalization -- of deliberations a jury found kyle rittenhouse not lt on all counts. the teenager killed two men and wounded a third last year at a chaotic black lives matter protest. defense lawyers argued rittenhouse acted in self-defense. the 18-year-old was

boeing they're dreamliner production further,that's what sources ar saying today again, you own boeing. what do you do now >> it's been a painful year but i think we're closer to there being light at the end of the tunnel most importantly it's china certification of the 737 max a third of the 737 maxes in inventory are slated for chinese companies. so, approvals will be very critical china and asia is 35% of global traffic. it's important and the average life of china's aircraft is 15 years there's a replacement cycle story, as well higher fuel prices will help the replacement cycle because companies will be looking for more efficient claims. that's what the 737 max is the delays, i wasn't expected it to figure out the halt situation until the end of the first quarter. so i think this is kind of in line and the stock is down as much as it is. they have to reopen story and return of international travel and return to certification coming and you have a free cash yield. >> she is the linkster, better known as stephanie link. have a good holiday, if i don't see you before that. >>> pete h

since the previous government fell in august, boeing's accepted responsibility for the 2019 ethiopian airlines crash that reached a settlement with families of the victims. it does not involve compensation, but does allow them to pursue individual claims in the u. s. court. the 157 people on board were all killed on the boeing 737 next, crash, just off to take off from addis ababa. it was the 2nd crash involving that type of aircraft in just a few months. in an interview with this channel, a member of ethiopian government has denied allegations of mass arrests and ethnic profiling. there have been reports of police rounding up high profile, took ryans from a bank, c e o to priests. at least 70 drivers working for the will food program have also been taken into custody a day earlier, 16 you and workers were detained in the capital. the u. s. judge has approved a $626000000.00 settlement for those harmed by the lead water crisis in flint, michigan, the suit was brought by local residents up. next it's fault lines. hello. has an usa from 10. i'm back with a half hour at 11. see the setti