he's with the head of sales at airbus bombardier. tell us more about this partnership. >> indeed, charles. well, behind me, the plane just landed about 15 minutes ago, and that is the new airbus aircraft, the a-220300. basic it will hopes that by buying this canadian aircraft maker that it can sell up to 6,000, the potential market, 6,000 of these aircraft. i can't do my calculations very well, but i think that adds up to billions and billions of dollars for potential sales. they're right next to america the head of sales. hello. good to see you. why have you bought this aircraft? >> we bought this aircraft because we have a market with other seats that is significant, 6,000 more aircraft, and for which the airbus so far a little bit small to address. >> you can be building it in the u.s. explain the reasons behind that. >> we've been doing it firstly close to the main base, and we will be doing also an assembly line to serve our u.s. market because of the type they imposed to us from the u.s.a. >> so this is actually a way of gettin

airbus says it's not giving up on its a380 super—jumbo despite strugging with sales. europe's biggest planemaker has decided against showcasing the world's largest passenger plane at the farnborough airshow this year. our very own theo leggett has been speaking with airbus's chief operating officer, and started by asking about brexit. i think the prime minister is committed to doing that. i think from the discussions we have had with her, she understands the key issues from an airbus point of view, which is frictionless movement of components and the ability to maintain the uk's role. so i think there are continuing political, i am not a political expert, i am an engineer, not a politician, buti have to say from an airbus point of view, we are very encouraged and we hope it continues to move in that direction and clearly we also have to make sure that we send the same message into the european commission, so that they understand the importance of finding a practical solution. looking globally, trade tensions are clearly escalating. there is the prospect of a full—bl

we will talk about airbus later, feeling the pinch as well. investors looking for signs the escalating trade dispute could alter federal reserve's plans to hike twice this year. it could slow the yield to inversion. we have the ceo of liquidity edge. good morning. when you look at the trade story and you think about the fixed income story, how do these fit together to you? guest: i think it's the most exciting time for the last 10 years. we've pretty much seen a complete interest rate environment for years and years and now, as we go into 2018 and through the year, weeks in the first rate hike and the yields going up on the bond. it's a very interesting times for us. guy: you think that continues? the trade story, globally, we could see this hit growth. that might start to alter some of those, less of the fed, but other central banks may decide with all these other things going on, is now really the time to act another crunch into the market? guest: yeah, i think obviously, the fed is pretty much 25 basis points in september is priced into the

the airbus is said for a deal. a very warm welcome and this is the state of play on the b markets as don't trump gets ready to meet with vladimir putin and those stories will stand on their own. that has a particular concert once for the u.k. market and what you have here is the risks -- on theit you the rhetoric from the red states. will we see an escalation in trade war's for europe? there are the pace against with be earnings and this will the most pressing issue. we heard about this this morning .nd it is in due course >> yes, indeed. datae have equities and coming through and what it has done combines with the and ittical tensions gets markets a little preop divide where it is marine day and we have this below $71 a barrel and it isn't in your part of the world with this emanating from the united states and the trump administration might decide to tap some of those strategic crude supplies. we have the yield opening up with more muted trading and the closure of the japanese market and weens up on the u.s. will

but from an airbus point of view we are very encouraged but from an airbus point of view we are very encouraged and hope it continues to move in that direction, and obviously we also have to send the same message interview the intermission, so they understand the importance of finding a practical solution. looking globally, trade tensions are solution. looking globally, trade tensions a re clearly solution. looking globally, trade tensions are clearly escalating. there is the prospect of a full—blown trade war. how worrying is that for you? i think i would agree with the comments from boeing yesterday. i think a trade war is in nobody‘s interests, it is a zero—sum game that will affect everyone, so our encouragement would be we have again as frictionless trading relationship as possible. that was the operating officer of airbus. as promised... mike is back to look through the papers. they are stories to go on this one really caught our attention. broadband speeds. you would issue my big city is the place to be, but a p pa re ntly big city is the place to be, but apparently not?

vonnie: airbus is already trying to use this year to catch up on 2017 deliveries. what is going wrong? being ablek of to get their hands on parts, is it a management issue, why all of the delays that had problems to airbus's list of problems? benedict: the engines that are the key component of any aircraft. is really what adds the value to their craft. you have the boeing 787 dream line, some issues on that, but the principle issues is with the 320 on the war crossed the jets that are made -- on the war crossed jets made on airbus and boeing. because they are so new, there are some teething issues, customers are still buying these planes, they are still very popular because of the fuel saving potential, but it is an issue they have had for about a year. they say they can get out of this but it is still working its way through the system. this 34t's move on to page presentation over the weekend. what was the essence of the 34 pages? benedict: it sound like the gloves are off. yearught that stake last and the investment has not really paid off for him so far. the sto

. ♪ air asia may be set to seal a block esther deal with airbus -- blockbuster deal with airbus. bloomberg asia transportation reporter joining us from singapore, this is a pretty huge deal. >> yes, it is. asia comes from a market that is really growing very fast. economy booming. more people earning more money. middle-class growing. so, it's a formula made for travel. and that's why we are seeing the likes of air asia going out and buying new planes, because people are going to be traveling. rishaad: air asia looking toward the new aircraft. what does it mean for airbus and for airasia, i suppose? >> this is a very big boost, if this order does come through, it will be a major boost for airbus. since airasia a few years back, if you remember, ordered the a -330, we have not seen a lot of orders coming in for that aircraft it's health. airasia is getting its confidence back, it will help airbus in going ahead with this program, which people were skeptical about whether or not would be able to proceed. rishaad: yep. that's certainly going on. also, we've got hna perhaps as well, w

will airbus benefit from that? this time, it's a big focus on the trade narrative and how it's going to affect this industry. we're going to talk to the ceo --bloomberg did sorely. ariba shortly. ♪ >> summit in helsinki. the form. we are live in the finnish capital with extensive coverage. we get earnings from bank of america and black box. and may's flightpath. funding for the aviation industry as it braces for brexit . we are live at the airsh

meanwhile, boeing is first out of the gates in its orders for airbus they struck a deal to supply the group with 14 triple 7 greater planes the order is worth almost $5 billion. cnbc, phil la bow is at the air show where all the deals are taking place or hoping to. bill, what can you tell us >> it's going to be a busy day let's bring in dennis muilenb g muilenburg, the ceo of boeing. it's a nice way to begin the show first of many deals we expect today? >> still, it's a strong start to the show it speaks to the strength of the cargo and freight market and unique value that the 777's provide to the customers it's a fantastic start to the show it tells us about the strength of the market right now. >> when you look at that market, i know you've heard this question before. people always worry that we might see a plateau or a limit to the market. are you seeing -- as the air show continues. >> it is an air show. >> are you seeing any slowdown at all in that demand or do you look at this and say it's still steady >> $8.1 trillion market. close to 43,000 new airplanes over the next 20 years

bmw airbus, the cbi. the society of manufacturers. the speaker. unless companies are there. we have the inconsistency in this business threat negotiation so far. they want to give us priority. here in the uk which is just that. they wanted the implementation. we have negotiated that so that there will be a smooth and orderly brexit. they want the trade as soon as possible. if he thinks trade and business is so important. why did he not supported himself. mister speaker. not for the first time with the prime minister. but it invest. by the government of the future. mister speaker more than a year ago the scottish government government presented a plan for the united kingdom. to give them the business. the trade delegation. the scottish government has been seeking to protect jobs. with the clock ticking though. mr. is a nothing. have they completed any economic analysis on the jobs and the economy to stay in the single markets. and if not why not. we talked about investments into the united kingdom. at lester the united kingdom remained a preferred country for investment. in e

so we have you and airbus and we now have boeing. was that inevitable? the little guys, in terms of the size of the aircraft, joining up with the big guys? it's a perfect fit to have the c series as a memberof ourfamily. perfect fit to have the c series as a member of our family. now that family can cover 100 seats up to the largest airbus family member, the a321. it's a great offering for customers. a little different from what boeing might do. we will see how it evolves. there is a long road between announcing a transaction and getting it approved, so we will see. right now, our joint—venture getting it approved, so we will see. right now, ourjoint—venture with airbus has hit the ground running on july the ist. we have announced a huge order withjet blue and there is more to come. sal and moshi, i will hand back to you. when you come back, could you sort out all the people making that noise in the background? you mean the planes? i mean that giant hoover that was making all that noise. aaron loves his engines. here's a petrol head. see you later! l

airbus has said it's cautiously optimistic. the u.k.'s main aviation industry group echoes the sentiment but insists much is still up in the air. now for a change some good news from deutsche bank germany's biggest lender says it will make a second quarter profit of four hundred million euros far exceeding expectations that impressed markets and sent its share prices soaring the new c.e.o. christians even is restructuring the bank cutting thousands of jobs from shrinking its investment activities that's led to lower costs and spending on legacy litigation is also down savings says the higher profit shows his reforms are working concurred a huge full year loss last year. but there's still a lot of ground to cover for dodge a bank and its new c.e.o. before the share price can recover properly as our financial correspondent ali bots reports. both are banking on two it's causing about seventy percent higher than on friday but also a close above the level of euro's for the first since the month of may. there by two investors are who wait for

airbus is located in terms of production size in the united states. we want to believe we can keep going in that direction. we continue to link people nations as a business, but more , than a business. we contribute to an international level. >> your supply chain is critical for what you do. i don't have to tell you that. are they starting to feel some of the pressure coming through? is there a worry about aluminum, is there worry about getting the stuff they need? how much attention are you paying to the supply chain? >> there is a tension in the supply chain due to growth in the production rate. we feel that this rate, preparing the next step, we suffer from tensions. it is not only linked to trade. it is linked to production capacity. it's out of growth that we like to manage. ♪ >> our number one priority from the brexit negotiations was retaining our membership in the european aviation safety agency. there are only two big global safety agencies. one is based here in europe and the other is an united states. we have a significant role and insura

airbus is managing quite well. i am very happy to take over on the airbus side. that is the nature of moving forward. faury, thank you very much indeed. the coo of airbus. a fascinating conversation. they are trying to figure out the complexities around the engineering of building these airplanes. from farnborough, back to you in helsinki. francine: thank you so much. from helicopter to helicopter. we are hearing the helicopters arriving in helsinki. touchingesident putin down just moments ago. the leaders are expected to meet in the next 40-45 minutes. still with us is robert hormats and gary mcdowell -- and daraugh mcdowell. deal with to get a president putin, what would it look like? policy?s make foreign when the president tells us that , is that a floe american foreign-policy? the notionhormats: that the eu is a foe to me just makes no sense at all. over the last several decades, every american president coming reagan, income of ford, carter and obama have all supported the eu for one of two reasons. one, because it is a strong trading partner. the trade imb

aribus and leonardo are involved -- airbus and leonardo are involved. we will be talking about airbus later on. 220 twoelling the a jetblue in the united states. the market open is 19 minutes away. this is bloomberg. ♪ guy: 16 minutes until the start of trading. this is one of the factors driving volatility act into the market. into the market. brexit is looming. can this growth continue in the future? we have a guest that joins us from the annual paris-euro clients conference. there he nice to see you on the program. -- very nice to see you on the program. donald seems to be starting a trade war. do you see that is impacting more business? -- your business? >> one of the most interesting futures of market momentum over there hasix months, been an immunity to microtrends at the moment. it is much more impactful on markets. businesses are reacting in a moderates manner to all of the noise -- moderate manner to all of the noise. it is clear investors are more focusing on the underlying trends. the performance of assets and the fundamental bedrock of gro

airbus has scored a key victory against its arch rival boeing. us airlinejetblue is buying 60 of its a220—300 narrowbodyjets, at a catalogue price of $5.37 billion. the a220 is the new name for the bombardier c—series. airbus has taken majority control of the loss—making montreal—based aircraft program, with bombardier and quebec as minority partners. a federaljudge in the united states has cleared the way for hundreds of lawsuits against the giant agrichemical manufacturer, monsanto. the cases centre on claims that a weed—killer called roundup — that's made by the firm — is linked to cancer. monsanto insists that numerous scientific studies have failed to establish a link. up next, newsbriefing. first, lord carrington, the former foreign secretary, has died at the age of 99. he was the last surviving member of the postwar government of sir winston churchill. lord carrington served as a tank commander in the second world war and his long ministerial career ended when he resigned at the time of the argentine invasion of the falkland

airbus has said it's cautiously optimistic the u.k.'s main aviation industry group echoes the sentiment but insists much is still up in the air. china has been building the new silk road the so-called one belt one road project for five years billions of euros are to be invested in infrastructure worldwide in order to expand trade routes further boosting the economy in china the new silk road oh also go through the french port city of mass say it's looking to raise its profile on international markets this investor is hoping the new myth sixty eight transshipment center for fashion will become a permanent hub on the new silk road a sea route for goods from northern china that leads through the suez canal to mar say. this is a real opportunity to become a hub for trade with china will be offering a wide range of products here starting with bashing and then other goods for instance from the tech sector i think none of them want to think it is so far about ninety mainly chinese traders have set up shop here. the next phase will see many new

total, airbus, other big players who want to do business with iran. but how realistic is it for the us to be part of the deal? it's unrealistic. the real thing the us has, it is able to control the financial system. no us banks or persons will touch anything to do with iran. even though those companies want to do business, they can't get financing and if they do, it will be from marginal sources. really facing and whether they can get paid is a different matter. not specific sanctions, john bolton was referring to, but a difficult playing field without them involved? it is the case that the us has control of the financial system that they do have in our pockets the threat of being able to sanction companies which go against us policy. it's a tricky position for non—us businesses to be in. they may be facing what is called secondary sanctions. i don't know of any business which is sagging, i will develop the us market to stick with the iranian market. interesting to hear what you have to say about it. what is or isn't agreed. we talked about the worl

and today, at farnborough, airbus has given us an exclusive look at the new zephyr s. and this is the uk production facility for the zephyr s. and there is — 25 metres long, just those two little propellers. and the most amazing thing, i think, is how much it weighs — 75kg, which is about the same as me. high above commercial aircraft and bad weather, there are two suggested uses for this so—called high—altitude pseudo—satellite — remote surveillance, or as a communication platform in remote parts of the world. so this is reaching out to those four billion people in the world today that have no link to the internet, and this is a game—changer, which the zephyr can bring into play here. so the problem with a satellite, it's great for persistency but what happens when you want to change a payload? you're not bringing a satellite down and saying, let's quickly change the payload. and this is where the beauty of the zephyr comes in, is the flexibility. it means we can bring that bird down, we can put a new payload on, and we can send it back up again. and thi

following, airbus, and other manufacturers announced major deals with airlines, and u.k. prime minister theresa may stopped by to update the industry on her brexit proposal. guy johnson was there, and he spoke with several top executives, starting with boeing ceo, who talks about the impact of trade tensions on aerospace. ♪ >> growth is great, aerospace is growing. it's enabled by positive trade policy. some of the things that have been done by the administration in terms of tax reform, regulatory reform have added momentum. we are concerned about the discussions around trade, and our aerospace business thrives on free and open global trade. we're going to find solutions as alternative tariff discussions. it's an important topic. >> when you talk to the white house, when you talk to the president, what kind of feedback do you get? are you being listened to? what is he saying? >> we definitely have a seat at the table. it's important that businesses' voices are being heard. global trade is a complex topic, and we understand there are challenges around the world. i go bac

airbus is close to selling the widebodied a350 to a taiwanese start up. ramy: rolls-royce may offer maintenance credit for planes grounded by faulty engines. carriers will be given reduced turbine overhaul fees and credits for future orders as well as problems with the 1000 engine that has affected several planes like the dreamliner. by0 million cash flow target pushing up to later years. chiefshe u.k. defense will use the air show to reveal plans for a new fighter to compete with a plane being developed by france and germany post-brexit. the details would and decades of cross channel military cooperation. the u.k. could team up with aerospace companies in china. ramy: you can get a roundup of the stories you need to know to get your day going in today's edition of daybreak. bloomberg subscribers can go to dayb . this is also available on marble -- on mobile in the anywhere app. you can customize to get industries and assets you care about. this is bloomberg. ♪ s is bloomberg. ♪ inocencio in new york. paul: i am paul allen in sydney. you are watch

. >>> and airbus shares soar to a record high after they double their profit in the second quarter thanks to cost improvements and faster deliveries >>> shares in european automakers accelerate after u.s. levees are avoided for now as president trump and jean-claude juncker work towards zero tariffs. >> we agreed today to work together towards zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods >> as long as we are negotiating, unless one party stops the negotiations, we will hold off further tariffs >>> facebook sees 1$130 billion wiped off its market value in after hours trade as the social media giant warns that revenue will weaken in the second half and it is also losing european users. >>> welcome to "street signs." after that meeting with jean-claude juncker and president trump at the white house, it seems a bit of a peace offering on trade. that is lifting sentiment for european equities. stoxx 600 is higher by 0.5% as we speak let's break it down by the individual bourses here. if you look at the ftse 100, it's trailing ever so slightly in negat

rival airbus recently took control of the regionaljet business of canada‘s bombardier. so with trade tariffs due to kick in today — one might expect to see quite a bit of anxiety on the markets. but seemingly not! tokyo‘s benchmark nikkei index snapped a four—day losing streak on friday, tracking gains on wall street led by optimism on trade talks between the us and the european union. however, asian stocks as a whole did wobble about as investors still fear things could escalate into a full—blown trade war between the world‘s two largest economies. in china, the shanghai composite index jumped in late trade on friday, reversing earlier losses, but the yuan remains weaker against the dollar, though it‘s kept some distance from its ii—momth lows touched earlier this week. the green back is little changed against the yen. here in europe, markets are takiung their queue are takiung their cue from overseas and kicking off friday on an upbeat mode. the effects of the trade tensions are also being felt in the us. no one stands to lose more in this escalating tra

brooke: you see extension of the airbus-knowing duopoly. it could be small planes like those that embraer makes her the big plans of boeing and airbus. we are starting to see competition out of china. that is a ways off but is becoming more of a thing, especially as we see the escalation of trade tensions and a potential diversion of more resources in china. i think this is clearly an effort by boeing and airbus to maintain a hold on the market. julie: thank you so much. coming up, julian emmanuelle, btig chief equity and derivatives strategist, how to play a future potential trade war. from new york, this is the bird. ♪ david: race for effect, chinese stocks move down, the yuan moves up, as markets it ready for tariffs on chinese imports and the likely would've immediate retaliation. fighting complacency, ecb officials apparently worried that the markets misunderstood mario draghi and he said rates would not move until after the summer of 2019. in building a nest egg, nine years into a bull market, have americans taken advantage in the r

for the ordinary brit do not worry about the loss of thousands of jobs tens of thousands of jobs at airbus no no no picking fruit is more fun than you think out of the job seekers told job seekers picking fruit is more fun than you thought this is the times of london of course picking fruit as well remember pre brags that it was all about the british my to bring back five hundred factories we're going to export our way back into a g.d.p. rocketship and take on the world cool britannia go britannia or turns out they're all going to be picking fruit out there and can bury shyer but it's more fun than you would possibly think is taken for a lot of fun well when i was a teenager i did pick strawberries for turn around pick some strawberries jumped or turn around pick some strawberries breaks it. now we're also briggs it was a mystic nevertheless it was a job apparently that was supposed to be fun it definitely was kind of fun when we were teenagers and hanging out with all my girlfriends in the strawberry fields but . there's stacy so i want to turn to the next headline because of course as yo

we saw airbus take a controlling stake in the process. that has ramped up pressure on going to do something similar. because the patterns of travel and behavior is changing somewhat, people are moving more towards these regional travel patterns. they want to the point to point. people want these nimble are roots, and that is why these kinds of planes fit in. boeing appears to have gotten a fairly good deal here. braer shareholders feeling like maybe it was a bit wanting, but it is a good deal for boeing and gives him some sort of a retaliatory measure against airbus. matt: why are airlines changing models. is it just that they cannot get the prices they want so they will save on fuel and plane cost with these short hop model? kt: is a very difficult model to make work. yet he threw and dubai. we know in the middle east there hubs trying to establish their. you really need to have a huge machine to make this work. there are not that many of these kinds of focal points around the world are you can really make it work. there are one or two i

airbus has announced quarters of at least 17 a-350 airplanes. boeing has booked $11.6 billion in orders for 68 planes. >>e're seeing a strong marketplace. predicting a$8.1 trillion market over the next several years. the world will need fewer airplanes in the next 20 years. >> why is business taking off? on the defense side. countries are increasing military budgets. especially as president trump calls on allies to pick up more of thef costs global military alliances. meanwhile, the comrprcial aine business keeps growing as the number of people flying is d increasingue to a strong global economy a relatively low air fairs. >> we're in a super cycle right now, we have to be honestde nd is up 7% again after an 8% growth in demand for air travel. you have to make hey when the sunshines. >> keeping up with that demands will not be easy. as plane manufacturersush each year, ge will have to expand production. that's n p ablem nor a large company like ge or rolls-royce. the challenge will be getting smaller suppliers to spend billions of dollars in ord

why is airbus going to miss it? >> my colleagues were reporting over the weekend and into today that airbus is having continued issues with its a320 and the two types of engines that go on the plane, and it is continuing to cause headaches. and what we have been reporting and hearing is that it will essentially lead to 30-40 planes fewer of that type being delivered this year. >> glencore has fallen the most in two years in london after company said it was subpoenaed by the u.s. department of justice to produce documents relating to corruption and money laundering. the world's biggest commodity traders said the documents related to the company's business in nigeria. it also included the democratic republic of congo and venezuela between 2012 and the present. it is quite a big move we are seeing in the shares. is it potentially overdone, given the news? >> on the face of the announcement, potentially, yes. i think what investors are reacting to is the potential for this to broaden out. in this announcement, we have a

airbus would have to consider future investments. deal, then airbus would have to considerfuture investments. that is serious to say is. we have published a thorough risk assessment that was demanded for us. we have big decisions in how we manage the supply chain and frictionless trade is really important. that is why we thought we had to speak out. do you think things are still uncertain about that? negotiations are continuing. we are taking precautions and we will continue to watch the process. one sticking point has been the idea of agreeing toa point has been the idea of agreeing to a common eu rule book. can you see a time when the eu would be able to trade with other countries and have towers but still have eu regulation to follow? -- have tariffs. i can only comment on how it affects the aviation and aerospace industry. we do not want uk rule book or a european rule book. we want global standards. anything that can help to expand rule books to maximise the industry globally is important. you talk a lot to businesses. what they often say to me years, the technological transformations a

an iranians airbus is presumed crashed, please look for all survivors. and so that was when it was like, what? airliner missing? we didn't shoot an airliner, we shot a tomcat, i thought. there was a lot of soul—searching, disbelief, that is not supposed to happen, that is not what we are here to do. 290 civilians passed away on flight 655, and of those 290, 66 of those were children. i felt so bad for the families that lost their loved ones. and sometimes, you are part of history and you love it and sometimes, you are part of history and you hate it — and this is just one of those things where ijust wish it didn't happen. but i was there. rudy pohoyo, on the terrible story of flight 655. now we had to australia, and the story behind one of the most iconic holdings in the world. in the 1950s, the city of sydney decided it wanted a new opera house. this would be no ordinary construction. engineer sirjack zunz was structural designer on the project. the first prize of £5,000 was won by danish—born jorn utzon, a storm of controversy follows. some say

first up is airbus. at one point 2n billion euros. to understand the gravity of brexit, this is one of the companies that broke cover to tell us in terms of what it might cost. let me get a little bit more of a breakdown for you. confirming the critically important part, first-half revenue comes in at 25 billion euros. let's get a more -- a little more details for you. share, thegs per market had penciled in nine -- 903. expertsa whole host of out there, some more numbers for you on roche. they now see sales at mid single effect.nd a constant so it's raising the guidance, very different than some of the others we have seen. core operating profit comes in at 11.16, a comfortable beat on the 10.40 6 billion at the market was anticipating. anheuser-busch, anybody for a bud? adjusted earnings per share above 10, that is amiss. the are ready revenue, this is a considerable miss for airbnb. they came in at 4%. the market was looking for 5.7%. brazil is the second-largest market. big were hoping for that boost from the world cup. the campaig

and u.k., airbus has said it's cautiously optimistic. the u u.'s main aviation industry group echoes the sentiment but insists much is still up in the air. daniel: that's not only theresa may who's been busy. angela merkel hass been meeting hard working germans. phil: the cherm an chancellor has visited a nursing home to see firsthand the challenges facing staff. during her election campaign last year, the chancellor promised a nurse at the home she would accompany him to work one day and that day was today. the chancellor's government has pledged to create at least 8,000 additional jobs but at the moment 36,000 positions in hospitals and for the elderly are unfilled. it's a crisis that affects careers every day. reporter: rosa lopez is always on the go. the spanish born nurse works in berlin and loves her job. but it's becoming increasingly difficult to do it well. >> there are growing numbers of elderly people who need help and fewer and fewer individuals willing to do the job. reporter: rosa looks after up to 30 people a day. krista suffers fro

there is only two someone's in the space, boeing and airbus if they want to switch from boeing to airbus, it could add years to their wait time this is very much a beggers can't be choosers situation. you know what? the real worry here isn't china. it's all that weakness in the american airlines, and the amount of overcapacity here in the u.s. the fares aren't holding up. the revenue isn't going higher the dogfights among carriers are back the only way to cure-all this is to have fewer planes being bought to take out capacity. that's something worth keeping an eye on. against that, even with the price of oil pulling back to the high 60s, crude is still a lot more expensive than a year ago, which means if the airlines want to keep their costs down and the costs are killing them, then they need more fuel efficient planes, and those interest ones that are being developed right now. i'll be talking to larry kudlow, the president's chief economic adviser later this week at cnbc's alpha conference. it's a fair question i think about how the u.s. can get the chinese to buy more plant equipment

boeing fell in new york despite beating airbus. a booklanded orders for value of $79 billion, while airbus finished $17 billion behind. airbus failed to land an expected order from air asia. the carrier said the 100 plane deal needs more work. footwear company skechers got extended trading after missing on same-store sales expectations. they were almost 4% below estimates. concerns over international growth strategy weighed on sentiment. the past year has been a wild ride for skechers investors. they surged 41% in october off the back of good results before plunging in april. softbank boss has dismissed japan as stupid for not allowing ride sharing. he's teaming up to launch a taxi hailing platform. they cannot handle the expected wave of taurus for -- of tourists. he has invested in ride hailer's around the world and says japanese regulations stifle innovation. >> in japan, ride-hailing is prohibited high law. i can't believe a country as stupid as that still exists. it's incredible our national government is denying the future th