19 Burst results for "Deutsche Lufthansa"
"deutsche lufthansa" Discussed on Monocle 24: The Briefing
"On monocle twenty four time now to get around up as main business stories on joined. Once again by Bloomberg's you UN pot First of all, not a good day for global stocks here in London the footsie one, hundred down three point two, six percent on the day. Andrea European stocks dropping the most since July today investors worried about tighter viruses fictions as you've been discussing a Monaco also or detain suspicious transactions at international banks, airlines and travel stocks among the worst performers. In Europe today that softer the chief medical officer Chris Witty set to warn today the UK's at a critical points in fighting the coronavirus Germany's health minister saying the trend of cases is worrying all nineteen instagram's trading lower in Europe but those travel down more than five percent. Down a British Airways down twelve percents Deutsche Lufthansa down eight percents French hotels group call down seven percents. Now, looking ahead to the open on boost your just about two hours away from the open there it's like stocks. Set, to open in the red poised extend three weeks of losses. Of course, political tensions in the US are also making traders nervous as Republicans and Democrats prepare to fight over who will be the next Supreme Court Justice I. Think there's a growing conviction among investors. The markets are looking pretty expensive, given the risks to the global economy. In case you missed it it's now six months almost exactly six months since stocks reach their bottom they started rebounding on the twenty third of March the height of the coronavirus pandemic. That's when they start falling started going up particularly in the US particularly with tech stocks they've had really quite a run whether this will just be a blip or whether we. Turn from today, we'll after tune in later on in the week, you alluded to it in passing but bancshares in particular seem to be taking a battering wise that. Yes several global banks quote keep profiting from powerful and dangerous players even after the US imposed penalties on them. Now, this is an investigation by the international consortium of investigative journalist based on leaked documents of pained by Buzzfeed, says that banks in some cases kept on moving illicit funds after receiving written warnings from US officials two trillion dollars in transactions identified in the reports over an eighteen year periods a lot of this money flanked by financial institutions. Internal compliance officers as possible money laundering but it seems that the banks followed their poets very, very light. The whole thing's another black eye for big financial banks. They already paid out twenty billion dollars in fines earlier this decade having a lax controls against money laundering and helping clients evade tax HSBC. One of the says one of the companies named in their Europe's biggest bank. Of course, it says that embarked on a multi journey to overhaul its ability to combat financial crime and he's a much safer institution than it was in twenty two or something else roiling h species ages. BC shares reports in the Communist is Global Times newspaper that your biggest bank HSBC as possible candidate for China's unreliable entity list that aims to punish firms and organizations that damage national security. Now, if that is correct and the Global Times that tends to get stuff great that could be pretty bad news righteous SPEC- it's yours biggest bank but it makes a lot of its profits in Hong Kong and in China and falling out with the Communist Party is not something you want to do if you operate in China urine part. Thank you for joining us you're listening to the briefing. This is the briefing with me Andrew Mullah finally, today show a weekly reminded that not everything is absolutely abject. Welcome to the twenty fifth of these weekly gifts across the unforgiving Tundra of the covid nineteen scape squinting into the freezing wind in search of the tiny golden petals of the Arctic poppy of good news. And Good News theory is for us first lady and yet to be unmasked deep cover. Jia You. Operative melania trump. A statue of has been unveiled near her hometown the Slovenian settlement of Sev-. Nita it is. In fact the second statue of left tenant. Colonel. Canal. Sorry MS trump to have been erected in the area. But the first made of wood was set alight theory replacement representation of Miss Trump is bronze a stern and strangely colored apparition with a grimly rigid expression that is now a bronze statue of in Slovenia. Hero Week folks tried the Bush. Good.
Global Stocks Mixed on Monday - DTN Progressive Farmer www.dtnpf.com › world-policy › article › 2020/08/31
"First of all, not a good day for global stocks here in London the footsie one, hundred down three point two, six percent on the day. Andrea European stocks dropping the most since July today investors worried about tighter viruses fictions as you've been discussing a Monaco also or detain suspicious transactions at international banks, airlines and travel stocks among the worst performers. In Europe today that softer the chief medical officer Chris Witty set to warn today the UK's at a critical points in fighting the coronavirus Germany's health minister saying the trend of cases is worrying all nineteen instagram's trading lower in Europe but those travel down more than five percent. Down a British Airways down twelve percents Deutsche Lufthansa down eight percents French hotels group call down seven percents.
"deutsche lufthansa" Discussed on Bloomberg Radio New York
"C F. R a I think that that is going to remind us that they are still very concerned with what could occur in the next several months with the economy. They're going to re emphasize the low for longer, also mentioning that it's going to be a matter of years, not a matter of quarters in which they embrace and easier monetary policy. Well, we find out for sure. Tomorrow two o'clock Wall Street time. Yes, Complete coverage is you've come to expect over the years right here on Bloomberg radio. And of course, we will have Fed chair J. Powell's press conference right after we get the Fed News that, of course to 30 Wall Street time. Deutsche Lufthansa has told staff to prepare for more drastic cutbacks and its global workforce and the airline fleet it supports and previously planned. After a hope for recovery of air traffic fizzled out. US. Stocks today did trade higher with the Dow Jones Industrial Average eking out a two point gain right of the close up by less than 1/10 of 1% s and P up for a third day up 17 up five tents and has stack up 133 up. 1.2% 10 Year Yield 100.67% Gold down 1/10 of 1%. 1950 for the ounce. West Texas Enemy The accrued up 3.2% 38 46 a barrel I'm Charlie Pellet that there's a Bloomberg business Flash. It is indeed. All right, Charlie Pellet. Thank you so much, Charlie, Of course, breaking down those FedEx headlines We did to earnings after the close stock is rallying in the after hours. So what is it that you really need to know? About this release. Lee class cow is Bloomberg intelligence, senior transportation, logistics and shipping analyst. Joining us on the phone, a New Jersey so lease out. Investors seem happy should they be Hi. Carol. Looks like finally over delivered after AA lot of quarters of under delivering. You know, they have been making investments in their network and those investments appear to be paying off. Those investments to pay off. They needed by huge surge and buying driven by e commerce really helped, you know they really blew away expectations as relates on the bottom side of the ground business. In a visor up by a third, and people are expecting just a mere 22% rise in violent so obviously, the demands of e commerce with shelter in place orders is really helped. I've been able to offer that negative mid shift from increased business to consumer shipments, which tend to be more costly for them and have lower margin. And you know they were able to expand their margin by about 160 basis points on their ground business, which which, which is really impressive. And so we always want to ask, because this is one of these markets where you've got two major players that everybody knows sort of setting the US Postal Service aside for a second, because that's a whole other story to say the least FedEx ups. How do they match up this point? You know, it's really two different stories. You know, FedEx decided to decouple itself from Amazon and you know ups is Heavily reliant on Amazon. Right now, the ups you know has somewhat of an Amazon risk it Let's say five years down the road. Amazon builds its own network, and it doesn't need the parcel carriers anymore. I don't think that's AH, you know that that probability is extremely high, but it is a rest. But it looks like they're they're both on a positive trajectory riding the growth any common, you know, and what's gonna happen? You know when economies recover is the business business business, which it tends to be much more profitable, You know that's going to begin to recover, and you're going to see those lines so No. There is the 2nd and 3rd chapter to this, You know, great quarter that FedEx dad and a great to do that GPS has, you know it's just about How much of this surgeon demand is going to stay longer term is people's buying habits have changed. You know, it's just a cyclical of thing happening or other really secular changes like You know, our older people now more comfortable buying on online or on their phone. I consider myself on older people, so it wasn't a digging. I'm right there with you, man. I'm right there with you. So maybe because we are all in on the Bloomberg Green Festival That's going on this weekend, thinking so much about sustainability and Ida. Great conversation with two investors earlier today about mobility and energy and TVs and all that good stuff. I do wonder, though, is there going to be increasingly more pressure on both FedEx and ups? All the chipping guys that I know they're moving towards it, but to really reduce their climate. Footprint because I do wonder when that you know what's the business case for all of them in that? Increasingly, it's going to be a higher cost on that. They've got to kind of get those programs in place. Sure. Well, you know, Yes, she's becoming more and more important to a wider swath of investors out there and companies are reacting, Teo. You know that being said the changes that transportation cos We're going to make it If it's not, you know, driven by new regulations like we saw in the shipping industry earlier this year with Ryan lost 2020. I know it's going to be a slow and gradual shift, but that also that shift has to make economic people aren't going to change just for change's say, you know, one of the good things about or FedEx No, a lot of their vehicle, you know, go out for delivery and then come back. That is a perfect application for movies because you know when the When the vans are being used, they can be charged. That being said, you know, a lot of their ground delivery network are independent contractors where you know ups are our employees and their unionized Teamster employees of that. All right, Lee, thank you so much. As always, For the instant context we really appreciate Lee class cow is senior transport, logistics and chipping analyst for Bloomberg Intelligence. Joining us on the phone FedEx making their investors happy their care. Yeah, I mean, listen, the stock is taking off big time. So it's going to be one of those names that we watch into the Wednesday trade on and you know, it was like to watch these transportation companies is an indication of kind of what's going on in the company. Meon the company. Well in the country, country country, your world, my doorstep. Whatever. All.
"deutsche lufthansa" Discussed on Wall Street Breakfast
"Today is Monday. June, twenty second and I your host Steve Brown. Our top stories today. Apple's first virtual developer conference. RALLY GOES ON DESPITE RISING CORONA virus cases. And Wildcard shares crash again. Leading today's news while facebook and Google have canceled their annual developer conferences F eight and I o Apple feels the show must go on albeit in a different format. The tech giant's worldwide developers conference will be hosted online today for the first time since it began more than three decades ago, the biggest announcement at the event is likely to be a fundamental shift from Intel based processors to arm based chipsets that will be designed in house for Mac desktops and laptops. Also expected Iowa's fourteen and it sibling ipad fourteen, a new version of MAC os some updates for watch, OS and TV OS and a refreshed apple, TV and Apple Air Tags. Apple is up one point three percent pre-market. In other news US stock index futures are pointing to another solid session at the open, climbing more than one percent in overnight trade, following their fourth weekly gain in five weeks. The US reported more than thirty thousand additional corona virus cases on Friday the highest number of confirmed one day infections since May I while Nevada Florida. California and Arizona reported record high single day infections. Investors don't seem to care given the unlikelihood of returning to lockdowns or sediment that downstream health effects would be worse if shutdown was imposed while continued waves are luckily to follow every lockdown until heard immunity is reached or a vaccine is found. Wild card stock is already tumbled seventy five percent since auditors refused to sign off on its touring nineteen accounts last week. And the firm withdrew its preliminary results for twenty, nineteen, twenty, twenty, as well as forecasts. It's a major hit for the munich-based Fintech success, which inner Germany's blue chip DAX, index in two thousand, eighteen at the expense of Commerzbank. Germany's third richest man is threatening to scupper billion-euro built for Deutsche. Lufthansa, that would dilute his shares an influence at the seventy year old airline, the inner Heinz Hermann Tilly who has a fifteen percent holding in the German? Carrier would only need a win a third of the vote that Thursday's virtual shareholder meeting to sink the current plan. TEELA feels the state is profiteering from the collapse and we'll make his case to Lufthansa CEO Karston spor and the two German ministers who brokered the bailout in an online meeting today. Bowing the BI partisan pressuring Congress, the SBA in treasury are releasing the names of borrowers for received paycheck, protection program loans of one hundred and fifty thousand dollars, or more accounting, for about seventy three percent of the funds lit through the program. We value transparency and our fiduciary responsibility to ensure American taxpayer funds are used appropriately SBA administrator. Hobie to Carranza declared note, most of the borrowers who took advantage of the taxpayer funded forgivable loans will still remain unknown of the roughly four point six million borrowers in the program about eighty six..
"deutsche lufthansa" Discussed on Bloomberg Radio New York
"This is Bloomberg radio this is Bloomberg daybreak Asia countries all over the globe were entering new phases of the fight against the virus a lot of risks out there but there are risks of staying closed as well the call is adopting new laws that ban both public and private gatherings of any size reported fewer coronavirus infections in several major economies well just weren't prepared for this is something nobody can burn daybreak Asia from Hong Kong and New York on Bloomberg radio we're kicking off a new trading week eight in the morning in Tokyo which means of the equity market will begin trading it in about an hour from now joining us from the region good morning I'm the Christian or the Bloomberg interactive brokers studio in New York and I'm Paul Allen and Sydney on Bloomberg daybreak Asia risk presented by portfolio analyst by interactive brokers savvy investors use portfolio analysts to create a consolidated view of their finances and check the health of their complete financial portfolio you can sign up for free at portfolio analyst dot com but we are one hour away from the open here in Sydney it is nine AM Monday morning wake up features up pointing a little more than one percent weaker for a closer look at what we can expect around the region thanks to write over the politics of bronchitis and Hong Kong Brian yeah Paul at least at the moment Australian futures down the most with that drop of one point three percent other futures markets are suggesting some losses to thanking index futures down three quarters of percent China futures off about two thirds of one percent Nikkei futures down a couple hundred points so that be about seven tenths of of one percenters so we've got a little stronger yen this morning Dalian one oh six eighty four dollars selfie stronger as expressed through the Bloomberg dollar spot index it twelve twenty one up about a tenth of one percent these features are down a little bit as there's just been more cases popping up in the United states particularly California and Florida the case of governments gradually easing lockdowns of travel restrictions so you getting a lot more places opening up investors may turn a little nervous with this particularly given the gains of about thirty five to thirty seven percent for various global indices off the lows back in late March Deutsche Lufthansa CEO Carsten Spohr says the German government's ten billion dollar bailout for the airline is at risk now he says that's because you will face a higher threshold for final passage only thirty eight percent of shareholders registered vote at Kerry's extraordinary general meeting late last week right now looking at the yield on the ten year at sixty nine basis points WTI crude thirty nine dollars seventy one cents gold is up four tenths of one percent at seventeen hundred fifty nine dollars and eighty cents a Troy ounce dug back overseas all right Brian thank you well here in the U. S. Attorney General William Barr said some U. S. businesses are helping China in the race for economic and technological dominance he accused the companies of putting their own earnings above national interest bar told fox news American firms need to take a national view to strengthen the U. S. American business community has been a big part of the problem because they're willing ultimately many of the sacrifice the long term viability of their companies for short term profit so they can get their stock options and move into the Gulf resort that's what's driving some of this they're not taking a long term view and the National Theatre no can a little bit of maintaining American strikes Barr said there needs to be a crackdown on Chinese researchers who were sent over to the U. S. to get involved in T. a key technological programs he also urged western countries to rally around Finland based Nokia and Sweden's Ericsson as five G. equipment providers this would do best centrally help to shut out while way last month you might recall US secretary of state Mike Pompeo told fox Europe needs to get together and kind of move against wall way to get it out of their system as part of ensuring that the next generation or rather the next century remains a western one Dyson foods and pepsico are among the U. S. companies running into new coronavirus problems in China we've got more from Bloomberg Denise Pellegrini China's general administration of customs is suspending imports from a Tyson U. S. poultry slaughterhouse that's after a cluster of infections at a plant in Arkansas and products from the company already in China may be confiscated pepsico has shut down of food plant in China after a coronavirus case was confirmed there at its core and he nearly five hundred employees although a popsicle official locally says all those employees tested negative pepsico China later saying on WeChat that none of its beverage plants in the country have reported any virus cases Denise Pellegrini Bloomberg daybreak Asia coming up on five minutes past the hour let's get caught up on global news we have the World Health Organization reporting the largest single day increase in covert nineteen cases since the pandemic began at Baxter covering it all from the Bloomberg nine sixty news room in San Francisco it yeah that's right Doug pretty stark statistic by its count more than a one hundred eighty three thousand new cases in the last twenty four hours Brazil led the list with the U. S. next followed by India experts say an increasing number of tests as well as broader infection more than two thirds of the new deaths were reported in the Americas in the north and South America Dr Tom Ingalls be director of the Johns Hopkins center for health security says testing yes but you can distinguish what.
"deutsche lufthansa" Discussed on WCBM 680 AM
"Pine knob road for the traffic out there just north of liberty road hi troublemaker with traffic and weather on the threes on talk radio six eighty WCBS not your best day to get outside of the cold front moves through showers and thunderstorms will be with us throughout the day today and heavy rain and gusty winds are possible with some of those stores eighty six today tomorrow though we're dry sunny and eighty six and Saturday school or eighty two I'm meteorologist Terry Smith from the weather channel for talk radio six eighty WCBS your free credit score card today even if you're not a discover customer it includes your fight go credit score and checking your score card won't hurt your credit learn more at discover dot com slash credit score card limitations apply seventy six degrees Reisterstown seventy three or seventy seven and are you are up to date on the morning drive with Casey and Ali I'm Liz Claman and this is the fox business report economists are estimating there were one point six million more new claims for unemployment benefits last week the numbers are released this morning here's the number of weekly claims peaked back in March businesses are still laying off workers the federal reserve says it expects to keep interest rates extremely low until the end of twenty twenty two more signs of pain in the airline business Deutsche Lufthansa says it expects to eliminate twenty two thousand full time positions half of them in its home country of Germany the airline says the number of passengers in April was down ninety eight percent from a year ago Tyson foods.
"deutsche lufthansa" Discussed on 77WABC Radio
"Way through but there are still delays getting in and out of Newark and alternate side of the street parking rules and regulations again or spend a journal of traffic on talk radio seventy seven WABC now your forecast from LMC monster weather center showers and thunderstorms later on today we could see some hail damaging winds and heavy rainfall gusts to twenty six miles per hour the high seventy eight right now sixty three partly sunny from the seventy seven WABC news desk I'm Deborah Valentine next updates at eight twenty four seven coverage of the all new WABC radio dot com Dow futures still in the green up a hundred fifty eight points time for fox business report I'm exchange this is the fox business report Google is being accused of illegally invading the privacy of millions of users by tracking them even when their browsers are in private mode which it calls in **** need out a class action lawsuit accuses Google of secretly collecting information about what people see online and where they browse it seeks at least five thousand dollars in damages per user the complaint was filed in federal court in California Google says it will defend itself vigorously against the claims telling Reuters as we clearly state each time you open a new incognito tab websites might be able to collect information about your browsing activity German airline Deutsche Lufthansa says it lost more than two billion dollars in the recent quarters air travel slump it's reporting a very slow recovery in demand that your fox business report I'm Ginny Cosell invested in you.
"deutsche lufthansa" Discussed on Bloomberg Radio New York
"The left hand side and it's challenging them with lawsuits let's pick up on some of those points with the Bloomberg senior editor Benedict Campbell the first quarter only should be the beginning of the pain so what do you think we're gonna we have learned so we'll learn in these earnings calls well down in the cold it'll show you this gradual declined in the first quarter and then ready to drop off the cliff in for the second quarter we have a couple of weeks in the first quarter what travel and Amman was pretty much normal obviously some flights into Asia had to have been canceled the top of the fact but kind of a long like right now so you will see that mixed picture for the first quarter but really the second quarter and into the rest of two thousand twenty is when we'll see a lot of pain forty have some outlines reports France KLM for instance they can over the numbers and they said exactly this they said yes the first quarter was banned but you see nothing yet the second quarter will be absolutely disastrous and we have very little visibility into the rest of the year and that's really what's concerning a lot of investors they just don't know how bad will it yes what sort of the floor here at what point might we see a return to normal yeah absolutely I mean just from the hands of the companies that report monthly traffic stats we seen this droll in revenue passenger kilometers that's all because that was dropped by fifty percent in March and then there's this thought that actually it could well drop ninety percent in the second quarter is that would be you know if the revenue per passenger flight kill to flood you have to remember the most islands currently have suspended operations almost entirely we have companies like lift on the like the the chat even companies like Amorites which really have a global network of most of that cost on the ground right now so that really is it is a huge issue for them we might see a very gradual pick up again looked on the friends that they said that they want to slowly start re introducing some macro off into the skies I have about seven hundred give or take planes that are now on the ground we might see about a hundred or so come back into traffic in the next couple of weeks the question really is how will lose planes be filled will there be anybody on the plane to the little point having a plane in the sky when there's nobody on who's actually paying for it so that might actually make things worse for them that they have higher costs because they're operating again but I'm not bringing in the revenue clearly there's an issue about subsidies here we know that because a lot least goals Michael Leary C. over of Ryanair has been banging on about it for a while he's bringing out particularly strongly now inevitably says he's gonna do battles over the issue but we things love right Deutsche Lufthansa the in place is that really going to work he's going to get anywhere or it can be very difficult I mean I really reading at his end of agreement this is what he's he's livid that rivaled because full service carriers with a history of being national flag carriers but they are essentially being bailed out our conversations happening right now looked on the for instance sort of last minute preparations to get a bailout over the line for this company we're talking about nine billion euros of the package and he's saying that this dramatically distort competition he would rather see them go bust and not really aligned in mind for that he's sort of stopped me for many years he said you know let let the sick Allen's Donnie along the agony with bailouts this is the chance of consolidation that we badly need in Europe he he came out this week saying it's it's deeply on fat arrivals have collectively accumulated thirty billion euros and fire power they can throw at a low cost airlines because of these bailouts and I'm not really not an even playing field anymore says he's happy about this as he said he's and trying his his luck with lawsuits whether it'll work as William clear this point yeah and I do so I mean he's a government ban effectively mandated lockdowns on the economy so you know there's always an argument on the other side that you know with the industry facing the threats to survival they should be given state aids but I suppose is the fundamental question is actually when will at travel reviews in Europe to some normal level because Spain and the UK he also have going the right way on this all day yes three no uniform approach they're not something that the the yacht the the the sort of governing body of the global oil industry in the middle man said that everyone sort of doing their own little thing obviously the lockdown haven't been a uniform approach only that some countries are harder hit than others and so on but really the say the big question is when will travel with you it's almost a question of behavioral science because you know how long what will the future flying look like what what what what passengers be willing to accept even before the even before the lockdown of flying really wasn't much fun for most people along the lines of a contract that apple but with the ladies not only stands to get massively amplified by the steps being put in place now you know you'll have checkpoints at apples when your temperature gets taken you'll have even longer lines trying keep people apart and and all of that is you know probably for many people is baptizing the amount full of sound and many people might decide to look like I just don't want to be at the apple and they want to be on the plane so not really the only clear how that will play out on the ground we have spoken to some apple top rated for instance he said this will be very difficult logistically but the counter argument to that body is is that that which on I alters put out there is actually the fundamentals really haven't changed they were driving a decade long boom in air travel chief improving living standards email get sent it away if this was an ex soldier this problem once he's gone one of those precious still be that it's a question of how much how much the virus will change behavior yes there will be people who want to travel out there there is how do you say about that huge class of people who are discovering travel as a as a way to get ahead but on the other side people now discovering that staying at home actually it's not bad for business so thanks that to Bloomberg senior editor Benedict Campbell joining us for a talk about the future of the airline industry I wrote you hearing in London and on Caroline had kept you can catch us every weekday morning half of the big day break your beginning at six AM in London one I am a wall street thank you Caroline and Roger coming up on Bloomberg daybreak weekend Hong Kong reeling from the triple bunch of trade tension protests.
"deutsche lufthansa" Discussed on Bloomberg Radio New York
"Investors in the coming week I'm Bob moon in New York later in our program tough times for Hong Kong right now politically and economically the first European airlines Ryanair and due to Luton to report earnings next week but the first quarter is likely to be the calm before the storm for more let's head to London and bring in Bloomberg daybreak Europe anchors Caroline Hecker and Roger hearing low cost airlines may be more resilient than traditional ones but the pandemic and lockdowns have devastated and traveling to Europe via that Europe's biggest budget airline has announced thousands of job cuts and said that it will take at least two years have passed since it's a month to come back to twenty nineteen levels the CEO Michael o'leary has been highly critical to the state's support for firms such as Twitter live Tanza and is challenging them with lawsuits let's pick up on some of those points with the blue big scene and it's a benefit camel the first quarter only should be the beginning of the pain so what do you think we're gonna we have learned and will learn in these earnings calls well down in the cold it'll show this gradual declined in the first quarter and then ready to drop off the cliff in the for the second quarter we have a couple of weeks in the first quarter what travel and Amman was pretty much normal obviously some flights into Asia had to have been canceled but often the fact but kind of outlines like right now so you will see that about mixed picture for the first quarter but rarely the second quarter and into the rest of two thousand twenty is when we'll see a lot of pain forty had some outlines reporter Afrin's KLM for instance they can over the numbers and they said exactly this they said yes the first quarter was bound but you see nothing yet the second quarter will be absolutely disastrous and we have very little visibility into the rest of the year and that's really what's concerning a lot of investors that they just don't know how bad will it get worse the floor here at what point might we see a return to normal yeah absolutely I mean just from the hunt for the companies that report monthly traffic stats we see this drop in revenue passenger kilometers that's all PK's thus drop by fifty percent in March and then there's this thought that Ashley it could well drop ninety percent in the second quarter is that would be you know if the revenue per passenger flight kill to flood you have to remember the most islands currently have to spend operation almost entirely we have companies like looks kinda like TV chat even companies like Amorites which really have a global network of most of that cost on the ground right now so that really is it is a huge issue for them we might see a very gradual pick up again looked on the friends that they said that they want to slowly start reintroducing some macro off into the skies I have about seven hundred give or take planes that are now on the ground we might see about a hundred or so come back into traffic in the next couple of weeks the question really is how will lose planes be filled will there be anybody on the plane to the little point having a plane in the sky when there's nobody on who's actually paying for it so that might actually make things worse for them that they have higher costs because they're operating again but I'm not bringing in the revenue but clearly there's an issue about subsidies here we know that because a lot least because Michael Leary C. over of Ryanair has been banging on about it for a while he's bringing out particularly strongly now inevitably says he's gonna do battles over the issue but we things love right Deutsche Lufthansa the in play is that really going to work he's going to get anywhere or it can be very difficult I mean I really appreciate you know who's who never really meant this is what you need to live it that rivals these full service carriers with a history of being national flag carriers but they are essentially being bailed out our conversations happening right now I looked on the for instance sort of last minute preparations to get a bailout over the line for this company we talking about nine billion euros of the package and he's saying that they dramatically distort competition he would rather even go bust and not really aligned in mind for that he's sort of stopped me for many years he said you know let the stick Allen's Donnie don't prolong their agony with bailouts this is the chance of consolidation that we badly need in Europe he he came out this week saying it's it's deeply on fat the rivals have collectively accumulated thirty billion euros and fire power they can throw at the low cost airlines because of these bailouts and I'm not really not an even playing field anymore says he's happy about this I'll be said Hughes and trying his luck with lawsuits whether it'll work as William clear with this point yeah and I do so I mean he's a government ban effectively mandated lockdowns on the economy so you know there's always an argument on the other side that you know with the industry facing the threats to survival they should be given state aids but I suppose is the fundamental question is actually when will at travel reviews in Europe to some normal level because Spain and the UK he also serve going the right way on this all day yes there would be no uniform approach have not something that the the yachts the the the sort of governing body of the global oil industry in the middle man said that everyone sort of doing their own little thing obviously the lockdown haven't been a uniform approach only that some countries are harder hit than others and so on but really the say the big news when will travel with you it's almost a question of behavioral science because you know how what will the future flying lookalike what what what what passengers be willing to accept even before the even before the lockdown of flying really wasn't much fun for most people along the lines of a congested apple but with the ladies not only stands to get massively amplified by the steps being put in place now you know you'll have checkpoints at apples when your temperature gets taken you'll have even longer lines trying keep people apart and and all of that is you know probably for many people is baptizing the amount full of sound and many people might decide to look like I just don't want to be at the apple and they want to be on the plane so that really isn't clear how that will play out on the ground we have spoken to some apple top rated for instance who said this will be very difficult logistically but the counter argument to that any is is that that which on I alters puts out there is actually the fundamentals really haven't changed they were driving a decade long boom in air travel chief improving living standards email get sent it away if this was an ex soldier this problem once he's gone wouldn't those precious still be that it's a question of how much how much the markets will change behavior yes there will be people who want to travel though there there is how do you say about that huge class of people who are discovering travel as a as a way to get ahead but on the other side people now discovering that staying at home actually it's not bad for business so thanks that to be a big scene and it's a benefit to Campbell joining us for a talk about the future of the.
"deutsche lufthansa" Discussed on Monocle 24: The Globalist
"Yeah I mean you could always if Joe Biden is the Guy Donald trump or he could do this to say. I will be the chairman of the board. I will appoint a CEO. My cabinet will be my board of directors I will rethink the way. The presidency is run. I mean that would be a great way that you could copy in some respects. The corporate model not that corporations are infallible but they certainly have or even the military model. Which is you has years and years of practice at trying to figure out the right level of management and chain of command. They example in Switzerland is fascinating when I first moved here and I remember asking even Swiss friends. I say so. Who is the president of Switzerland? Like maybe half of them knew who it was at the time now. I think they do now. Because in this crisis the president obviously she stepped up as it were. She had to do so but I. I don't think it's a terrible model at all. Of course you know the idea that you could revamp Country like the United States. You know in a heartbeat to do something like you know creates a model like this hard to imagine but again we're going through something that is wants an this hasn't really happened. Not sure really ever I mean I don't think nineteen eighteen is analogous so we cannot really say for certainty. What attitudes will be like in ten weeks time but I know they will be different than they are today and that will have huge ramifications for the way we view Leadership Rob Cox. They're the global editor of Reuters breaking views talking yesterday here in Zurich. We'RE GONNA keep it here. I'm happy to say mark. Digitally is joining us. He's the editor of the market. One of the publications from the ends Ed's Ed. He's not in studio because across town a good morning mark. Good Morning Tyler. let's Let's start and I hope all's well on on your side of town and we we look forward to having you back around the table here but you know. A variety of things certainly happening In this country but maybe we should start with the finance minister Early Mauer making some pretty big pledges last week. We've we've been reporting that Switzerland's and pretty good and being very on point in terms of communicating the packages available. But what what we heard from Mr Moore of late. He last week Announced Program In which small and medium-sized enterprises can Apply for For breach loans. Because as you know given the the white bread shutdown that we have in the economy here there are tens of thousands of of small and medium size companies who are seeing their cash flow just drying up and they. They need money. Every noted need of money so that program is actually administered by the banks but guaranteed by the Swiss government where small companies can apply for a loan and the finance minister. Early Mirror said The loans will be given within thirty minutes. It's not working quite that fast. It's not thirty minutes but at a program started last Thursday and until now tens of thousands of companies have already been Handed out loans so it seems to be working rather efficiently Mark Mogens for me Tom here in London. Let me ask you about an industry or sector. I suppose that you know is worried that it's not going to be working not just not efficiently but potentially not at all and that sort of hospitality sector tourism Some well frankly rather alarming figures. knocking about. Tell us what they might reveal yet. A tourism industry is PROB- is is of course one of the most hardest hit and tourism is a bit is an important sector in Switzerland hotels restaurants. They they employ about these are just rough figures about two hundred fifty thousand employees Now the the main tabloid paper here in Switzerland Blick is citing a study this morning. Which says that about one third of all hotel. Establishments are at risk of bankruptcy Now of course this all this. This all is depending on how long this chef. Tom will last All these hotels and restaurants they all can apply for bridge loan so they they are not at the verge of bankruptcy right now but of course if this drags on for months it'll be very difficult just to give you one figure in the Canton Graubuenden. Which is one of the mountain cantons where with resorts such as Saint Moritz and Davos Ninety two percent of all hotels are shut down right now. Only eight percent are still in operation. Mark we've also heard of course that the government will be putting a lot of money into tourism Certainly not just maybe prop up and of course help enterprise but also to remind people to to come to Switzerland as well do. Do you just have a sense? And I know we're going to go and talk about the airline in second but you get the sense of. Do you think also the Swiss are probably gonNA stay within their own borders or anything after all of this. Get us out of here. We can't wait to get to Corsica. We can't wait to jump on a plane to to the canaries. You can you sense the mood here a little bit. It's it's really difficult to say right now because as you know most most of us are asked to stay at home I can. Well imagine that once these Shutdown measures are lifted. They'll be a lot of people will say. Okay I'll I`ll. I'll stay within Switzerland for a while. Also you know just just to to help the the domestic tourism industry to get back on its feet again maybe the times of when we were hoping You know helping to pawtucket or wherever just for a week or so They might be over for quite awhile. Just two quick ones before we go. Obviously if you can you can fly over if if on one of the few remaining flights of Zurich in the main airport dube endorsed the airforce base nearby. And you will see scores and scores of Swiss aircraft grounded And and there's only a handful of roots maybe eight or nine routes that they're still keeping open. There's obviously discussion. This is a flag-carrier emotionally very imported. The country been bailed out once before but of course there was a discussion going on With burn and yet it's also tricky because Swiss even though it's fine the flag is is owned by Lufthansa. Yeah that's that's a big discussion right now as you just said. Most of the the fleet of Swiss International Airlines is grounded. I just drove past Dube. Indoor Air Force field yesterday and it's quite a sight of seeing all these airliners mothballed they're really there's a very high probability that the Swiss government will will have to Took to bail out with in some way. You've seen over the weekend. The Singapore government has has given Singapore Airlines future capital boost. Now the add a twist as you mentioned. Swiss Airlines is not a Swiss company. It's actually owned by Deutsche Lufthansa. I'd say it's a full subsidiary of Deutsche Lufthansa so there's obviously a discussion you know. Is this Nari Swiss company? That should be bailed out by the Swiss government or is it a German company where the German taxpayers should really carried the burden. I think we will see a form of bailout by the Swiss government because it's after all it's the flag carrier hand Switzerland. Mock Deli. Great to speak with you. There was another story votes to check to you about the Swiss running of gold of all things. We may have to get you back later in the day To Join US on the briefing to talk more about that. But thanks for your time this Monday morning. Not So. Mark deadly in Zurich joining us on the globalist ups is a global financial services firm with over one hundred.
More airlines suspend flights to China on virus fears
"Well if you're still willing to fly to China forget about delta airlines it's become the first U. S. carrier to suspend all flights to China due to corona virus fears a joint European carriers including British Airways Air France and Deutsche Lufthansa which all had already halted flights meanwhile the pilots union at American Airlines is telling its members to refuse to fly to China and has sued the carrier in an effort
"deutsche lufthansa" Discussed on Airline Pilot Guy - Aviation Podcast
"US carrier captain. Well buddy great to be back another fantastic episode of the E. P. and G.. Yes glad to see you. Good to see you all that and let's get on with the news stay on them. mm-hmm and aw on a flight from southern China to New York about Week and a half ago I think To Chinese surgeons rigged straws was a syringe needle and tubing from an oxygen mask together with tape to perform a lifesaving. Emergency Procedure The surgeons Zhonghong from I'm the First Affiliated Hospital of as at He Non University. There's just too many Chinese looking words for me to pronounce your so anyway anyway He was From Affiliated Hospital of some university in China and another doctor can't figure out where where he is from. DLC that doesn't say does he oh Jang her and judging gingy okay. Yeah that's the other one was from High Mon- Hyman payment on well. I'm based on not doing this on on. I'm okay. I knew I should have looked through this before. Are we started the show anyway These doctors were on board this flight and They responded to a call for medical assistance about ten hours into the flight. Oh my gosh how long. What's the flight ten hours into the flight? They responded to this. An elderly man was sweating had a swollen swollen belly and had previously been diagnosed ugh nosed with an a large enlarged prostate and The man was already showing signs of shock and the estimated that there was about a leader of urine trapped wrapped in his bladder. That can be very serious. I guess Stuff are doctor will probably tell us maybe a little bit about how that can be a dangerous thing or maybe not Let me keep your just if we had not dealt with the situation entire the patient's life would have been at risk. John was quoted as saying that decided to try to puncture the bladder to release the urine using a device cobbled together from materials at hand including straws from milk boxes. The flight attendants put blankets on the floor at the back of the aircraft. And have the patient lie on his side for the procedure. The surgeons inserted the needle title to release the urine. But it was not big enough to ease the pressure on its own One of the doctors and siphoned off the urine himself drawing out most of the fluid over the next a half an hour or so. He said that this was the best way that they had to control the flow. It was an emergency situation and couldn't figure out any other way. He was quoted when I saw that the man could hardly bear the pain anymore. My only thought was how to get the urine out of his bladder. After the treatment the doctors told him to lie down for another half an hour to recover and check in with a position after landing. Yes this can be really serious and I'm so fortunate that on this really long flight from China I forget exactly what they're going into New York which is why they were ten hours into the flight when this occurred there were actually several surgeons on board because To be honest this is not something that I would have necessarily have had the capacity capacity to to deal with as a non surgeon and You know not a just not having not being able to use all those tools at my disposal. Also very fortunate for this gentleman but Absolutely this is a serious condition Acute Urinary Retention. Whatever the cause? There's different reasons that it can happen but They can certainly present with the symptoms that this gentleman had so sweating signs of shock chest. Pain anxiety can elevate your blood pressure If it's not dealt with quickly if you have a a lot of retention can lead to bladder damage chronic kidney failure kidney failure So definitely good that these surgeons the warmer able to devise a method to alleviate that acute pressure in his bladder so kind of amazing. They're able to do that. Very Young. macgyver Lake situation on their part. The yes Alert was a counselor. They might. I don't think so. I think what they actually did did was the directly and they put us in directly into the pattern through the lower abdominal wall and then used the straws to to siphon that out I don't think they we did it as a catheter. So to my knowledge they're not catheters available in the medical equipment. I'm not sure that there are those or not. Yeah yeah we got all sorts. It's the things grab the chest drains and also Liz was asking if this was a cast Pacific Flight No it was actually China. Southern I believe I think what they are reading this and who knows because this is a news article it doesn't have all the details probably directly from the surgeons themselves but they put the needle in through the the bladder wall to release the the urine in the bladder and then they actually had to siphon in through that I think she's talking On the tube to probably urine. That's kind of gathering the author. I've done that a my car and I can never do that. Getting a mouthful of petrol. What recei what was the head of the him one? Just she is your man I i. I've got to tell me. Okay Dana. Yeah I'm getting about nick seconds. Something that's all in his car and then this guy. I'm glad he did the Metro. Yeah Yeah we're going with this one your current area of expertise but I just pulled up a him a picture online of Ah cat scan of urinary retention and a very full bladder and you can see very easily heike just go through the lower abdominal wall to be right into the bladder their everybody has that it is. It's pretty impressive. Actually so yeah but anyway good outcome it sounds like a happy story with a A medical procedure. And you know what we should do. We should probably probably jump to our other medically related. We have another procedure. Yeah sort of item. E and Columbia. See if I can find yes okay So we have the story sort of medically related. A woman went to extreme lengths to get a better better seat on a flight from Pensacola to Miami and caused the plane to return to the airport within an hour after takeoff Lee said shortly after takeoff the passenger on an American Eric. An Eagle flight and on boy flight claim she was in need of medical assistance according to a statement from American Airlines the US carriers parent company. The woman who has not been identified complained airline employees and ask for a bigger seat. The Pensacola Police Department said when she was told that more spacious accommodations weren't weren't available. She became ill Pensacola. Police Department. Public Information Officer. Mike would told CNN. The pilot turned the plane around after the passenger claim name. She was sick once they got back to the airport. Employees realized the woman wasn't sick at all. She was faking it. Employees called the police after the woman refused to get off the the plane. The woman was taken into custody and because of her comments to officials was transported to a mental health facility under the Baker Act which is a Florida Florida Law that allows authorities to detain individuals believed to pose a threat to themselves or others. Yeah that's happened to me. A few times on layover in Florida Anyway Criminal charges have not been filed against the passenger but charges could still be filed. So I guess we're trying to determine whether or not she was really mentally ill or just trying to You know do whatever she could to get a better bigger seat CUCKOO. Yup Sounds Pretty. Good to me I think she had even asked for the bigger seat before they even left The left the ground so leasing most passengers who do This just upgrade themselves then after be kicked out of this is my seat here I promise and seem to have last lost my boarding pass and that little electron device that you have. That says that I'm not supposed to be in. That seat is wrong. Somebody hacked or reassess as a as a regional flayed guessing that this The larger seats weren't that much larger. I wouldn't think so. I think it's a an e one style or something like that. Yeah I mean they're they're slightly bigger but it's not like going to a lifelong. The business class will not what you're used to stuff. Of course none of us are used to those kind of sheets. Oh I beg to differ Captain Jeff. Yes captain don't and what do you differ with me about. Well you know. Fool them into Boston. Somebody who sit in business class very comfortable. That was nice. Yes thank you is. I was reminded me the fact that is why hop pumps custody. Actually that kind of backfired on me that whole thing because it took me a very very long time to finally get home to Atlanta and I had to go through Raleigh Durham. Thank you Dana for that suggestion. After I made it into Boston Boston. Raleigh Raleigh Durham Atlanta. That was in hindsight. I wish I'd just taken my little seat in the back and flown nonstop but yeah it was very risky whether you're gonNA get on that plane late not Yup. It's very risky. When I get in on an airplane at all Yes yes yes we ignored I I was gonNA say something but I'm not okay? let's be bought back up to be PRESS RELEASE FAA proposes a six point four four million dollar civil penalty against Deutsche Lufthansa Airlines The US Department of Transportation's FAA proposed. A six point point six million four hundred twenty eight thousand dollar penalty against them because they or for allegedly conducting almost nine hundred flights that were not in compliance with Federal Aviation Regulations The FAA alleges Latonya operated the flights in to an out of San Sandiego International Philadelphia International airports of both of those when it knew it lacked f. a. a. authorization to do so. Foreign Airlines can only conduct scheduled scheduled flights into and out of airports that are listed in there. FAA issued operation specifications and the FAA. Alleges neither airport was in Tanya's operation ration- specs so they They operated about nine hundred flights and the FAA is not very happy about that interesting. No that would be up before they can actually manage. I don't know you would think that somebody in charge. A compliance would have caught. That have noticed. Yeah well you really can't come here today. I suspect compliances at dusty little cabin in the corner of the office the nastiest place a Nail Elga and as a result they forgot yeah. I think that you're right. I don't think that they did it on purpose knowing that they didn't have the authorization and it's probably just a formality really to get that authorization. Oh absolutely we opted ended l'empire that Gets flank currencies. Forgot one year. And I forget whether it was China or Russia for some pretty big and all of a sudden they turn around and sent one of our airplanes back and when.
"deutsche lufthansa" Discussed on Bloomberg Radio New York
"You're listening today. Very curious. We are live on London d digital radio. My colleague neighbor chayhitch is going to be joining us in a matter of minutes here on this show. She's just been hosting a Bloomberg television over by the British parliament this morning. So she's making her way over to the radio studio as we speak the British parliament, of course, sane the spotlight after lawmakers voted yesterday to take no deal off the table. We're going to be talking a lot more about that this morning in about the prospect for an bricks tension as it's been billed on a hero. Bloomberg this morning. Let's bring you up to date with the European stocks, though, they're just getting out of the gates this Thursday morning. The stock six hundred actually higher by about two tenths of one percent. Even as the futures a little bit earlier were pretty muted. So we're seeing some slight gains here this morning. The footsie one. Hundred having said that completely flat. We're seeing that is increasing by two tenths of one percent. When it comes to the Dax in Frankfurt while we're still waiting for that opening figure. Let's bring you up to date with where we stand on a sector-by-sector basis, we're seeing oil and gas as well as telecoms and media stocks, they are the three leading sectors so to speak so far on the downside. We're seeing basic resources construction material as as well as tech stocks this morning. So that's a quick snapshot of European equities at the open. Let's also bring out today with what we've seen overnight in Asia Asian so exactly started in positive territory after gains in the US last night. They've turned south since with the MCI h Pacific index off by three tenths of one percent. This following a slew of data out of China that sort of painter pretty mixed mixed picture. We did see industrial output growth. Disappointing in the first part of the year in January and February we're going to be talking. More about that as well. Elsewhere. We're seeing eight ten year treasury yield that is extending gains from yesterday two point six three percent. That's where we all this morning. We're seeing the Bloomberg dollar spot index higher by two tenths of one percent with sterling then one of the main laggers among major currencies. It is off by run about four tenths of one percent after hitting a nine month high in yesterday's session on the back of that vote in parliament receiving the euro, pretty flat this morning. The Japanese yen also losing some steam here by about four tenths of one percent. I just wanna mention all prices as well. All prices extended gains for a fourth consecutive session WTI at fifty eight dollars and fifty six cents. Let's drill down on some of the individual stocks to watch here in the London studio. Bluebox Sandra Kilhof has just sat down, and she's joined me, shall we kick it off in France. And with the retailer casino. Yes, marcus. We're actually seeing casino trade out this morning up one and three tenths of a percent in Paris. It's aiming to sell another one. Billion years of assets in France in a in a bid to reduce its debt, Paul even further the company expecting to sell a total of two and a half a billion euros of assets by the first quarter of twenty twenty. This is something the market likes to hear after the French supermarket chain last year was targeted by shortsellers like muddy waters. Of course, it said palliative can the concern that that's not been reduced by seventeen percent. It also reported again in full year earnings with trading profit reaching one spot twenty one billion euros. And that's why we're seeing stock trade slightly higher this year another boost for casino. This stock before today had already risen by almost twenty five percentage points so far this year. The picture. Not as bright, though, when it comes to Lufthansa stocks. No Deutsche Lufthansa set to trade lower this morning. I'm still waiting for that opening price. It has cut its growth plans because of a slide in fairs it's also seeing higher fuel costs. That's really weighing on its two thousand eighteen earnings, and the German carrier is now saying it will slow capacity increases to one point nine percent. This summer it had planned on three point eight percent barren mind is comes at a time when we've had from other European companies that they've warned that of war this year will make for rather tough summer. So more bad news for the space. Yeah. Do you have that opening figure Lufthansa shares down by two point nine percent as I'm looking at that? Now three percent in Frankfurt trading. We're also looking at Cape process. Yes. This is a German fertilizer manufacturer. It's risen more than five percent in Frankfurt this morning. It's expecting a significant increase in earnings this year to its new plant in Canada for the first time, it's adding a positive EBay Dr contract. So we so revenue overall rise eleven percent in two thousand eighteen reaching four billion euros that's above analysts estimates and it's Canada plant producing one point four million tons of potassium chloride in two thousand eighteen there was also a beat. So overall, a strong earnings report from Cape. Plus, all right. Thanks so much. Bloomberg's Sandra Kilhof for talky three those stocks to watch this morning. Also just sitting down here in the London studio neighbor chayhitch from Westminster rainy day. It was today. We need my cough. Apologies. I'm here. Rainy day. It was today outside Westminster. Yes, I'm back. And of course, as I'm sure you outlined to our listeners at the top of the show, Marcus parliament, Kaley does not want no deal. That's what we know. What we don't really know is what they do want. The question now becomes and they're going to vote for an extension. If we do get an extension. How long is it going to be Theresa May seems to think she can still bring her deal back for another vote by March? Twentieth and says in that case, it would just be a short technical extension. But if not we could get a much. The longer one. Is that going to be enough to scare the pro Brexit? Here's I suppose. In the meantime, everything's to play for. So let's move to our top stories. UK lawmakers will today vote on delaying Brexit after parliament yesterday rejected a no deal exit from the European Union. Bloomberg's Alex Morales has the details. Prime Minister Theresa May's suffer the double defeat in the house of Commons on Wednesday, including rebellion by full members of her own cabinet and a bevy of junior ministers who disobeyed party is by abstaining in the final day afterwards may Loumakis that unless they approve her Brexit did in the next week. They would face a lengthy delay to Brexit, which would necessitate participating in fresh European parliament elections in may it's the premise last roll of the dice to get the deal through that she's painstakingly negotiated with the EU over the past two years, but both birds tears and supporters of a fresh referendum in her own party said they won't be persuaded inland and Alex Morales Bloomberg daybreak here. Okay. I think it was Michael go who said that. This was Mike your main. Mind up time. We've heard a lot about what lawmakers are against in the UK parliament. Now, they need to decide what they're actually four. I suppose exactly as I said. And also don't forget that no deal is still the default. If there isn't something that comes up by March twenty ninth of both the UK, and you can agree on that is the default. Yeah. Absolutely. European Union leaders also need to agree extension. Something that sometimes is lost in the whole London. What might they want to extract in return for an extension? Absolutely. We'll talk more about Brexit. This morning. This hour we need to turn to the latest data out of China, though. China's economic slowdown deepened in the first two months of the year pushing unemployment higher and raising the stakes for the government's stimulus strategy. Tom MacKenzie is Bloomberg's China correspondent John is industrial output slowed. The most in a decade in January and February retail sales were flat despite cast personal income taxes and unemployment jumped to its highest level in two years fixed asset investment pigs. I'm property investment jumped more than eleven percents. China's policymakers abetting on fiscal stimulus and ramped up support for the private sector to stabilize the slowdown in Beijing, Tom MacKenzie. Bloomberg daybreak. In corporate news, the US aviation regulator has reversed course and joined international moves to ground the Boeing seven three seven max plane. It comes off to the Federal Aviation Administration spent days insisting the plane was airworthy. Bloomberg's Bob moon reports the traffic website live ATC dot com. Captured the tower at Washington's Reagan national airport, killing Southwest Airlines 737 max already on the runway turn around. The contract. Forgive him off. Acting administrator Daniel L will who's been President Trump's temporary appointee for more than a year announced the black boxes from the crash. Ethiopian Airlines plane were being sent to France, former National Transportation Safety board chairman Jim Hall told Bloomberg he found that new significant to France rather than the NTSB speaks for itself. To their confidence. And how this matters than handle Bob moon. Bloomberg daybreak Europe..
"deutsche lufthansa" Discussed on Bloomberg Radio New York
"Karlsson. And from Wolfsburg, Germany. I'm Matt Miller, Marcus, I'm here because Volkswagen is going to be reporting. Its third quarter earnings. I'm gonna go a little bit later into the headquarters in the Alto dot as it's known in the interview, the CFO the chief financial officer Frank Victor about what's going on with the China tax. What's going on with the diesel issue? What's going on with global trade? What's up with medical? Also, ask him as you pointed out. I also want to just share some breaking news on another Dax index member Deutsche Lufthansa the airline operator coming out with revenue that missed the street estimates just by bit third quarter revenue was nine point nine six billion euros. The estimate was for ten point zero one billion euros. So it's not a big miss, and the the adjusted profit numbers actually beat by a penny. So. Tons third quarter adjusted earnings before interest in taxes was one point three five billion euros. The estimate was for one point three four billion euros a little more than a penny. But you get my point. The problem is Tanya is cutting its summer two thousand nineteen capacity to protect profitability or I don't know if that's a problem. That's just the way airlines operate, and I thought I would share that before another another Jack's member with earnings out before I go over to folks Baden. Yeah. Absolutely. We're gonna be looking ahead to those Volkswagen figures a little bit later on Sony. Meanwhile, sees fully operating income at eight hundred and seventy billion yen. It did see seven hundred six hundred seventy billion yen previously. It cease a full year net income at seven hundred five billion yen the previous forecasts. There was for five hundred billion yen. So an electronic goods giant in Japan. Seeing the future with a little bit more confidence, shall we say that? So those are the latest lines coming out. Great deal between the US and China. Yep. Yep. You're talking about the trade story, which has kind of been setting the tone, four markets overnight stocks in Asia, they have been heading in the opposite direction from US stocks as investors on digesting these comments from Donald Trump that will that will be talking a lot more about let me just bring you up to date with these stock markets as we see them in Asia, the MCI Asia Pacific index the regional benchmark jumping here by seven tenths of one percent. With seeing shares in mainland China in particular leading the way higher the CSI three hundred rising here by one point four percent at the same time, we've seen some weakness creep into the Hong Kong session. They hang sang down by a third of one percent in FX. Meanwhile, the offshore Yuan has hit a more than ten year, low this session against the dollar per we've seen a reversal of that sense that we're going to talk more about why that is just a moment. Among the major currencies almost all of them are gaining against the US dollar this morning, led by the South African rand the Japanese yen is a notable exception now. The traditional haven currency is down by a quarter of a percentage point against the greenback. In fixed income me while we all seeing the ten year treasury yield rise by little bit more than the basis point three point zero nine eight percent is where we trading this morning at all, right? Let's get to the top news. We have for you this morning sources in Washington say the US is preparing to slap tariffs on all Chinese imports. If talks between President Trump and she fail at the g twenty meeting in Buenos Aires next month. The announcement could come in early December. Meaning we'd see two hundred fifty seven billion dollars worth of new duties around. Well, new duties on two hundred seventy fifty seven billion dollars or the goods around lunar new year in early February markets, then move moved. When President Trump said he would have a great deal with Beijing because the US won't be used anymore. I think that we will make a great deal with China, and it has to be great because. Drained our country. We have really helped rebuild Jonah. They've been taken out average of five hundred billion dollars billion a year for many years not gonna happen anymore. Now, I US President Donald Trump speaking to Fox News. Or I'm out. We're just getting through some other figures from Panama Francis. Biggest Bank its third quarter net income coming in above the estimate at two point two billion euros the estimate. There was fourteen point zero four billion euros. So when it comes to the bottom line is beating its third-quarter CAT one ratio is eleven point seven percent. That's twenty five basis points from the second quarter. We will be hearing from the band pie CFO Larson Masha Neil a little bit later on in this program. All right. Let's cross over to Singapore. Now or David Finnity from the markets live team joins us, David. Let me I asked you about those ask you about the Trump trade comments. We just played some of them and the movement in US dollar China Yuan. What do you think of the trade comments? What does the market make of the trade comments? I mean, clearly we had a rebound on them. Yeah. I think the market sending bit confused by commenters how they came from the headlines as initi-. There was an issue worries about additional tavist being imposed if the Jinping doesn't go. Well, so that lead to weakness in the one, and then we had this. The ideas of a great deal being cut across the headlines and for now. Positive for the workout great fantastic risk gone. And then the market side reading more into the comment. And that she said now, it's a great deal really from America's. Perspective, or at least they expect one. 'cause I being taken advantage of early on. So then when you read it, well, let's she that doesn't necessarily mean that there will be a great deal overall. So I think the market ended up going. Four. Ended up in the middle subject. Supposedly where it goes. I think the key thing really is going back to the very first point is again, new new tavist may be imposed if those talks, she Jinping workout. Well, and in that case, there won't be any great Tillman. How you look at it. So I think the markets more tentative now, shall we say, okay, so left and right when it comes to the Chinese Yuan. What about the euro than we have a number of converging stories if you will in Europe this morning, we're gonna get euro-zone GDP figures out a little bit later German CPI this afternoon. And then we have yesterday's news that Angela Merkel is stepping down as CD you leader. What does that mean for the euro from your perspective was think thirty risk? Should why on the your logic is with this? It's like, no, it's not completely surprising. I think she was well known commodity people like to punch, they know. And the question is she does sit down who replaces her that's the unknown as we know markets dot com. Uncertainty. So I think that's where four was wasting your. But then you might see positive Neo is the the CPI data and yours. Seek data six and the GDP today to now that comes out strong today. And obviously that'd be positive for the six year. Obviously expect to save your bounce back above one fourteen handle against the dollar. But then vice versa. If a number comes out week adds to this negative sentiment that's going on. And you'd certainly see the oil to push down with a kick Nikita about one thirteen one against the dollar. That's the recent love. So I think that's an air center. So I think today's data will be quite very important near term to see the bottoms in. Or does this momentum continue David thanks so much for joining us for real time market, commentary and analysis. Check out the markets live blog just type in Vigo on your Bloomberg terminal. Now, I did break earnings from being paid by just moments ago. It's just reported a net income increase of four percent to two point one two billion euros in the third quarter Francis. Biggest Bank though at the same time. So a drop in. Fixed income and poor performance in Italy. Let's listen in to the CFO of France's biggest Bank his law. Smashing Neil Darussalam. Lackluster environments in Europe on some of the activities and we compensate by deploying resources efficiently. That's why if you look at the costs are picking up in the specialized businesses of retail company that grew that I talked about or that they are reducing in retail networks NCNB to face the pressure. So that was at BNP Paribas CFO, LARs national. All right. Lars, mashing Neil there from the Perry Barr. Now, let's get to the UK budget. The chancellor Philip Hammond revealed yesterday that better than expected government forecast meant he had money to spend. And Bloomberg's Robert Robert Hutton explains. The budget was all about buying votes for Theresa May. It's not clear exactly which votes he was buying with huge splurge of cash on the national health service as well as personal tax cuts and more money for welfare, it might only be the votes of conservative lawmakers. He's hoping we'll bag the budget and May's Brexit deal. But when he met them privately yesterday evening, at least one asked him, if this was a pre election budget as possible haven't doesn't know the answer to that a lot of the roots to an election accidental ones. But it's a tourist did find themselves fighting in general election. The coming months this budget wouldn't be a bad basis for it. In London, Robert Hutton, Bloomberg daybreak Europe. Bloomberg TV is going to be getting reaction to the budget from the UK's shadow chancellor, John McDonnell. That's eight thirty AM UK time, right? In the meantime, let's get you some more headlines from around the world. Here is Bloomberg's leeann guarantee. Good morning. Good morning, Markus. Indonesian? Authorities say they expect a one hundred and thousand nine people on board a passenger jet that crashed near Jakarta have perished callers Sola says questions I'll be an honest about how a brand new plane plunged from this guy Air Boeing seven three seven which had flown for just eight hundred dollars crashed Monday had reported technical issues during a trip from Bali to Jakarta the day before the crash potentially the worst air disaster Indonesia in two decades has also rekindled concerns about air safety in Jakarta Kasana, Bloomberg daybreak Europe, the ride hailing giant though is heading to a London court later today with employee mental strivers Bloomberg's K Wiggins reports the drivers in the case say should be classed as workers. Meaning they get paid vacation time. And the national minimum wage. Uber says the independent contractors, and that many drivers enjoy the freedom that brings the question is central to business model and could have important consequences. Other companies Britain's growing gig economy in London K Wiggins, Bloomberg daybreak Europe. Typhon U2. is battering northern Philippines after making landfall Bloomberg Cecilia. Yup. Says thousands of people have started evacuating regions. It is forecast to travel similar to last month's mega Stormont which killed at least eighty two people in damage about five hundred million dollars a farm at it speak. You to side with macoute is the world's strongest form this year. You twist the eighteen tropical storm to hit the Philippines in Manila layup, Bloomberg daybreak Europe. And Donald Trump is warned three thousand people from Central America who are heading to the US that the military is waiting for you. He sending more than five thousand two hundred troops to the border. Kevin McKay, lean is US customs and border protection. Commissioner. For those that seek to cross the border illegally. We will apprehend them and fully enforce the laws of the United States for those that seek to make an asylum claim safely unlawfully at a port of entry. The governor of Mexico has already offered you protection and employment authorization. Global news twenty four hours a day on Aaron it.
"deutsche lufthansa" Discussed on Bloomberg Radio New York
"German capital of Berlin. I'm Matt Miller, and I'm Markus Karlsson rights here in London at Bloomberg's European headquarters. You're listening to Bloomberg daybreak Europe. All right. We have a lot of data this morning coming out, including Deutsche Lufthansa sales just about to cross the ticker any moment so much to watch for today. Marcus in stocks Ryanair union say they're going to strike. So there's another airlines theme for you. But we also have full trag in stock gonna react to the first day after ten point four billion dollar lawsuit. German judges kind of mixed on how they're going to go there, berenberg raising BP total and Repsol to buys Heineken, downgraded to a salad Bernburg Morgan Stanley says you look attractive. So there's a lot going across the world of stocks even with a mixed market in Asia. That frankly, doesn't look too bad when I say mixed. That's because we see red and green Arrow's, but we've had pretty strong trade in Japan with the Nikkei rising one point two percent and the three hundred is down but only less than one tenth of one percent on the mainland. So. Yesterday. We had a mixed trade with a lot of weight to the downside today. We have a mix trade with a lot of weight to the upside as far as Asian equities are concerned. We do see also some risk on signs in the lack of a bid for safe haven assets. For example, the yen is weaker against the dollar climbing to one eleven forty five one eleven forty six. We do see gold right now down at eleven ninety three seventy nine and we see the ten year yield rising as investors sell the debts two point nine three five one percent, Marcus. That's the latest data will keep an eye out for those of tons of figures that you mentioned earlier matter I just want to bring you up to date with some breaking lines out of I n g group the Netherlands-based Bank is saying that coast Timmermans is to step down this CFO and member of the executive board. So coast him amounts to step down as CFO over at. I n g in Amsterdam. Let's also turned to the daybreak news this morning, the daybreak newsletter out on customer terminals, bringing you all the news. They need to start your day. Let's check the top headlines with daybreak editor Richard MacAuley who is live for us out of Hong Kong this morning, Richard great. I have you on the show as always let's kick it off then with Brexit. And while the latest upset really is Brexit tears. Apparently, they are kind of getting ready for a fight. It seems. Yeah. Over again. Right. There was some optimism yesterday. Woman fuzzy feelings, but today the battle over the details return so members of Theresa May's conservatives are gearing up for a fight over how you law will apply in the UK post divorce. People familiar told Bloomberg that some of fighting back against as plans to allow some rules to stay into inforce after that twenty nine thousand nine hundred split. As mentioned it comes just a day after the negotiator. Michelle Bondi is just begun to start sounding a lot more positive in his tone regarding the likelihood of a deal so far the pound is held on scans today. Possibly a sign of just how typical the fighting is at this level. I guess the big shock really would be as we saw in yesterday's bike in the pound would be the if those policies actually started getting along. So right now, it seems to be back to the sort of typical infighting that we've seen a lot of what about the the economic data that we're expecting today. UK jobs. Broadly, positive news momentum in the labor market isn't expected to have slowed down. They do. They will probably so weekly pay gains rising to two point eight percent, unemployment probably held steady of four elsewhere in Germany. The study w surveys out is probably going to show expectations taking up in September from a pretty dire really dire. August I the current situation metric is expected to decline. All right. That's the UK jobs figure in the UK jobs picture. Let's also talk a little bit about relations between the United States and the European Union. It seems as if progress was made on Monday in trade talks between these two sides. What happened that? That's right. Yeah. The Trump administration says it wants to fast-track congressional approval for a trade deal between the US and the EU the US trade office said it would try to push through Dale Barry Cryer by requiring. Sorry, only a yes, no votes from lawmakers in the US on a final deal now. Cut down on horse-trading over details. Some of those details include the EU by US goods, liquefied, natural gas and soybeans are too. Big tickets. The US would also pull its threats to slap tariffs on European 'cause now next up in that story Cecilia Malmstrom meets with Robert lighthizer again at the end of the month. Their stuff will continue to talk. In the meantime, the J P Morgan is saying that the run of mega Ammon, a might come to an end the big megamergers that we've been seeing why are they saying that? That's right. Yeah. And in particular cross-border mega. So deals the banks co heads over in EMEA, he said that increased regulatory hurdles really going to strangle these kind of big deals also. The trade war and general sort of inward-looking protectionism is going to make he's he's making international harder to get over the finishing line globally. So far this year overseas? Things have been going pretty game bust is in terms of multinational Annonay butts. If things were to sort of slowed down significantly Europe might still be one bright spot as we could David Lomas says region could benefit from certainly if if slowdown does come from things like the US, China trade war your could benefit from increased attention that is from Asian businesses looking away from the states and for other mature markets. They're gonna look to Europe. Right. We'll see if we start seeing those flows. Thank you very much. Indeed, Richard MacAuley, daybreak editor joining us live from Hong Kong and four the you need to start your day. Bloomberg customers can access daybreak every morning at five thirty London time you diesel by typing D A Y B. On the Bloomberg Tom at all, let's get your world national news headlines for that. We go to Hannah George Hannah. Thanks, Matt hurricane Florence take make landfall in the.
"deutsche lufthansa" Discussed on WBT Charlotte News Talk
"Hammer next update, eleven thirty WBZ's. Traffic So interestingly enough we were talking earlier about this release of the Trump. Tapes, NBC reporting and. I think this is an important clarification we cannot confirm whether. These have been edited What a surprise and remember I. Told you who's involved in this Lanny Davis Longtime friend of the Clintons I mean this guy I he's one, of those people just really used. To nauseates me and just so you understand I'm not just nauseated by Democrats I'm nauseated by Republicans to When you have, these paid liars go out. There day, after day after, day after day I don't care who they work for and they're out there just shilling, for somebody that just noisy it's. The heck out of me I don't care if it's. Bill Clinton George Bush Donald Trump If somebody can't just go out there and. Just speak the truth. And they gotta. Do all this spinning I can't take, it I really can't I want to tell. You about something really. Interesting going on Related to the airline industry This really disturbed me when I saw this story Because this is the kind of. Thing that's happening in this. Country related to policy and now this is happening In regard. To world policy as well Money m. o. in e y you can buy a whole. Lot of things whole lot of things what I'm referring to in this case Is political policy You can buy Buy your way into forcing corporations To do your bidding for you Bloomberg story and this US airlines plan to accept China demands on naming Taiwan You may ask what is. This about well the US airlines plan to comply with the Chinese government demand they. Revised their website identification of Taiwan to reflect China's claim on the island territory As you know the Chinese. Do not recognize Taiwan as a separate entity they consider it a part of China See this gets into. The question of so-called to China policy The Chinese are insistent there is one China that's them Taiwan belongs. To them The US carriers affected by this, mandate American, Airlines group Delta Airlines United continental holdings and Hawaiian holdings will begin to change the Taiwan references over the next day or two This is according to someone, who's asked not to be named because discussions among carriers private airlines have been, hoping for, negotiating resolution between, the US and Chinese governments ahead of the July twenty fifth deadline which is now here Other airlines including Qantas Air France KLM, and Deutsch Deutsche Lufthansa have already cooperated, with, China's wishes Here's what happened in April the Civil Aviation Administration of China send a letter to more than forty four airlines telling them they shouldn't place China Hong Kong and Taiwan on an equal footing and must refer to China Taiwan or the China Taiwan region maps must display the territory's in the same color as mainland China and the websites can't place Taiwan and other categories such as southeast Asia American heirs to the airlines making the changes Like other carriers America is implementing American is implementing changes to, address China's request Air travel. Is global business and we abide by the rule in countries where we operate So in other words we're gonna do you. Wanna. Comparison to this this would be like let's say there will be some bizarre. Reason Palestine we're, to establish their own. Country and let's say they're getting, so much business they tell them you cannot recognize Israel if you recognize Israel. In you call them by Israel and you. Call this land anything other, than Palistan Palestine we will not allow you to do business That's what's going on here See China's growing market there's a lot of people there. And for obvious money reasons These airlines. Are not not going to buck this they're going to comply The question that? I would immediately race here where's the president on. This where is he You know we're, supposedly going to be getting? Tough on China Where's the where's the administration to stand up for the integrity of. These airlines, and to stand up for the integrity of truth Taiwan is a sovereign country Where are you Mr President You're. Gonna talk about? This one Oh we just gonna let. China bully these corporations into line And truth? Becomes, lost in the process it's really kinda sad isn't it That's the way this works in the corporate world love. To get your thoughts, on this On the text line Vince sounds like China just. Sealed their fate by doing that Israel Israel That was just an example by the way This. Person's adding a well no more cheap stuff Cheap made crap, to buy at WalMart A lot of you still wanting to talk. About the issue of the Trump tapes Vince Lanny Davis is the poster boy for sleazy lawyers in embarrassment to. Other bottom feeders Allen out of Spartanburg by the way I love the. Way Mark Levin refers to, these people these slip and fall attorneys Yeah If you're the, devil which would you choose to be in the public view Trump's alleged affair the, proof your of your takeover of the country via the Krupp deep? State If you're the devil would you care This is why. Said I don't like false binary choices the devils going to. Have fun, with people in both camps just thought I'd, let you know He doesn't care He didn't care. What you believe What else do we have here on the text line someone suggesting, rather than giving people phones phones why. Don't we give them vocational training Other countries require inmates to do production labor to sustain the cost of their upkeep. As a Ford thinking country we should incorporate vocational training so they're prepared for society when they get? Out that is Kevin out of Maldon Also any type of. Communication giving. The inmates at one more step toward. Freedom you. Said no access the internet but they can download educational programs that's internet access yes the inmates can get through. The system let's give them. Books and a pin let's go low tech is what you're saying here all right I. Was talking about restitution person saying you're how about if they, pay back double Vince yes if that's the standard you want to set I'm all for. That make it something practical make. It, something that is productive rather than this drunk people to cage and again? I'm talking about non violent crimes, please understand I'm not talking about somebody goes out. And, rapes and murders and I think the. Person you know ought to be able. To buy their way out that's not what I'm. Talking about Another. Person say I think, we're too soft on people the prison along with the daily work they're. Required to, do they also need to have. More executions. Alrighty criminals have deterrence or straight out fear they stay away, from crime well I do agree with you that we really don't have much of a. Deterrent doesn't scare people away enough This is the Vince. Coakley, radio, program hi it's Steve Moore junior. It's hot outside but our deals are hotter prices starting. As low,.
"deutsche lufthansa" Discussed on Monocle 24: The Briefing
"To get the latest business news i'm joined on the line by sebastian salad from bloomberg sebastian audi ceo has been arrested in just the latest twist in the diesel cheating scandal is that right the highest profile target say far of this investigation it's engulfed the car maker audi and his parent volkswagen foolish three is now so munich prosecutors investigating audi's role in the scandal this is this rest is because of the risk that that the c dot may tamper with evidence that taking that precaution throws into doubt his future the helm of audi is the most important earnings contributed to volkswagen so a key part of their portfolio on the pressure has been building building over the last few months there was a raid at his home last week he's had the backing of the two biggest families who control volkswagen and that's insured that he's managed to control the company and continuing his role he's he's been there since two thousand and seven so long tenure but now the supervisory board of vw meets today and his future very much on the agenda there still a multitude of probes for vw breath in germany and abroad uber legal proceedings in fifty five countries investigations into stock market manipulation in the home market set aside more than twenty seven billion euros in finds a huge issue for the company huge issue as well and they've recalled close to million cars as i understand all ready as well that could grow from cars to airplanes norwegian air surging today on speculation it could get a new owner is that right yes so this is being in play for some wild of being talks between norwegian and by the british airways owner but now deutsche lufthansa getting involved the ceo saying that his company is in takeover talks with the with the ad line this raises the possibility of a bidding war of course lufthansa has been in contact with norwegian whether an agreement is reaching all depends on the price on the strategic value that.
"deutsche lufthansa" Discussed on KBNP AM 1410
"A b digital radio mats i e a just stand with its reports saying opec has almost cleared the oil go lots oil guts dailies hailed remains a risk rumbelow somebody took about explosive growth in shale they always say that the oil glutz almost cleared yeah i mean they they have over a year now yeah they took about a closing now that'll be binding almost cleared i guess you'd semantics in terms of the language um i mean just go excited g l coo my bloomberg and take a quick look at what is happening shale risks are legit right that's why we've seen uh oil prices come down so sharply member brent crude was trading at seventy dollars a barrel in like a couple of weeks ago yeah like a little things are trading higher but it's interesting to see um to see what's going on i hold was talking to us about this a little bit earlier on in terms of the positioning story and how the market is is set up into this actually crude is um falling on the back of what we're seeing at the moment not by much but just coming under a little bit of pressure still in positive territory the brent contract trading at sixty to seventy four low sun around the market was kind of shocked by that line from the iaea took me about explosive growth my elsewhere was the market doing you've got a european story that his a little negative this willing to stoke 50s down by threetenths form set london samper forming that is the mine is do a little bit better um can't kirantz down thanks trading down in terms of the sect to story the performing sexist this morning is travel malaysia it's lufthansa matt that is trading the most strongly in that sector is up by nearly two percent this morning deutsche lufthansa by the way i've always loved the name because as you know in german looked means air and honda the hohns a group was a whole bunch of like really cool shipping guys way way back thousand years ago and so lufthansa is like this air kind of union of shippers which i which i think is kind of cool all right i'll get back something that really matters to market steven makhala smith is with us head of european equities strategist jape jp morgan asset management steven as i've been saying it's great.
"deutsche lufthansa" Discussed on Bloomberg Radio New York
"Auction that concluded yesterday on ebay is website chose to remain anonymous the final price fell short of last year's three point fortysix million dollar winning pledge the latest round of terrorist attacks in europe appears not to be having the usual impact on travel demand we get the story on that from bloomberg's charlie pellett tourists are showing signs of becoming inured to the threat of violence british airways says it seen no dip in bookings following the recent attacks in london and manchester according to the head of its parent group i ag who says international travellers maybe growing accustomed to the risks deutsche lufthansa also who says the market is proving surprisingly resilient i g co willie walsh says demand from asia's advance more than expected on the weaker pound is encouraging travel from the us global news 24 hours a day powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm susanne anna palmer this is bloomberg welcome to bloomberg long i'm also with gregg store ahead miss our a loss for the securities and exchange commission if the supreme court as the justices curve the esi seized power to recovery illegal profits from defendants the court agrees to hear a major constitutional the two chenal task of digital privacy involving the tracking of cell phones and pauline murray is the legal trailblazer you may never have heard of a civil rights activist a women's rights activist and the first black woman ordained than episcopal priest we'll speak to the author of the biography j gene crowe the life of pauley murray.