Second deck. They make you drinks. It competes with other java just like the 747. But big airplanes are not as an fashion as they once were. Everyone is looking for fuel efficiency. And the main customers turned out to the emirates and a lot of their other orders are not coming through. What airlines are looking for now are the small jets of a hold smaller numbers of people, that are more flexible, work with the hub system better, more fuelefficient. The a380 was a big Plane Division 20 years ago by people no longer there. Carol its in some years and money developing these planes. Airbus is kind of stuck with it and they are trying to make their money back. Ellen they are stuck because at this point if they say they are going to stop, they have plans in light of bill these things. They have employees building these things and they have orders outstanding. The the resale value would go way down. They are kind of stuck. Carol its also a big problem in italy. This is in the Global Economi
Brexit happened it looks like it is going to. If trump gets his way and is more of an isolationist in the as. , we are at disadvantage. The rest of the worlds deepening their ties. China is trying to launch its. Wn free trade zone there is a Southeast Asian group of nations that are forming trade ties. Evenlization will not stop though brexit has happened. Id given the reddit rhetoric we have heard, if congress doesnt pass that will we lose lose ground. As you look at the trade picture, theres the u. K. Stand to lose out as a result of this . It is possible they could. If everyone is tied up into trade, there is less room for the u. K. And the u. S. To maneuver. That theossibility west will lose out. David we are still talking about brexit. Onr feature section scotland, leading the Scottish National party. Carol who is she, first of all . Ofshe is a long time member the s p. She was working her way through the ranks for a long time. On with the Prime Minister etc. To the north there is
People going to do. Din, y have settle settled in, either going to be enough jobs . There are efforts to train these people and to some degree they have tried to convert some of those into training refugees and giving them real job skills. This is been a part of the German Economy for a long time. Giving students internships that let them have jobs in these sectors for a long time. The problem in this case is that although people are being trained there are not necessarily enough jobs for them. Program anda trained a bunch of people, then hijre hired relatively few. David in the market section, there is a piece on the banking in Silicon Valley. We hear how hot the Real Estate Market is. You know have Bank Spending over backward to help these young millionaires or billionaires. There are expensive houses in the bay area. The median price is over 1 million. There are a lot of people who have only acquired wealth recently. Of course, banks want these customers. They are creating this Whit
Ray you are probably going to lose. Francine and the worlds top automaker at the geneva auto show. All this, plus the weeks most revealing charts coming up on bloomberg best. Hello, i am francine lacqua. Welcome to bloomberg best, a weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets take a day by day look at the top headlines starting at , a bold policy step on monday from the peoples bank of china. Jonathan the big story the Chinese Central Bank cutting the reserve requirement ratio by 50 basis points to 17 reducing the , amount of capital that banks need to hold in reserve. This is hot on the heels of one of the biggest months of new credit growth in china. Is that a story here . Enda you are completely correct. This is both a significant surprise and a significant move, especially when you consider the amount of liquidity they have already pumped into the system. In the near terms, it will add to credit growth
A lot on tap this morning. The go to the market desk were julie hyman has the latest numbers for consumers. Is the sentiment reading from the university of michigan. We are coming to 89 and 90. People are not so optimistic. A slew of Economic Data with personal income and spending. All of that is pretty much in line with estimates. You are seeing stocks fall across the board at this point. All major averages in the red after sequences decline. So, continuing the selling other get further into todays session. What exactly is driving the selling . If you take a look at the s p 500 and the Bloomberg Health care, it is the worstperforming group today. So, a lot of the cyclical groups , although health care is not necessarily cyclical. Energy shares are now little changed. Earlier, it has been one of the where rare areas in the green. Well talk about big energy earnings. Even though yearoveryear, it is on a decline with net income it did come way above . 28. The interesting thing here is th