Prime minister will change the law to guarantee the brexit transition phase isnt extended. American plane maker boeing says it will temporarily stop making its 737 max planes. The aircraft has been grounded since march after two deadly crashes killed 346 people. It comes as us regulators say they wont approve the aircrafts return to service before 2020. Pulling its most profitable plane from the skies has already cost boeing more than 9 billion and that figure continues to rise as almost 400 new planes remain in storage. Shares in the company fell over 4 as the companys board met all day on monday. Lets go live to seattle now and talk to peter lemme, aviation expert and a former boeing engineer. Peter, just put in perspective for us peter, just put in perspective for us how big a blow this is for boeing . This is a huge blow. It hasnt happened for a generation. Inaudible. Involving two tragedies, almost 13 months of agony. And for boeing and for the us economy, that in perspective as w
While you are on your way here this morning. What do you make of the reaction from the media . We are looking at bloomberg in particular. Well, just having a look at the state of the union address, which is an annual ritual for the address, which is an annual ritualfor the president address, which is an annual ritual for the president to address congress on the state of the economy, and it really felt like this was more of a campaign rally, and looking at the article on bloomberg, they have really focused in on his optimism around the state of the economy, and his own patting on the back about the achievements that have been made. We know that he pledged the low unemployment rates down to his administration, however there is a bit of controversy around the fact that this was a positive Economic Trends and a positive Economic Trends and a positive trend from Barack Obamas time. And he also referred to the rewrite of the nafta agreement, which is a trade deal put in place between the us,
Us stock markets bounced back on tuesday, recouping about half of the previous sessions historic sell off. This as it looked like, finally, the us federal government might be about to act to address the economic damage caused by the coronavirus. Samira hussain has more from wall street. Wall street is finally getting what it has wanted for weeks, some help from washington. The us senate, after having been absent for a number of days, finally got back to work tuesday and is passing the Coronavirus Response bill. In it, it will provide a to ten days of paid leave for some workers. It will provide free coronavirus testing and it will also bolster unemployment insurance. But the Senate Majority leader Mitch Mcconnell made it very clear that more help is coming. We need to directly help American Workers and families face this uncertain period. In particular, we need to put money quickly into the hands of american families. The white house wants this third piece of legislation to be a trilli
Lovely to see you. Good morning. Lets talk about the Washington Post to start with, the white house expresses support for immediate Cash Payments to americans. Literally americans will get a check through the post in a matter of weeks. That is what the Trump Administration is looking for approval for, isnt it . Absolutely, so now were talking very big numbers, and we will see this over the coming weeks, with action. There are announcements for up to 1 trillion on a fiscal package, stimulus, and this is really around the focus on american families, on individuals, on liquidity, but not liquidityjust for businesses, but liquidity for those individuals who are going to be hit the hardest and need to be hit the hardest and need to oversee their own costs and expenses. There are talks around immediate means tested Cash Payments, of potentially they are saying 1000 to begin with, and may be taking a stagette approach according to how this pandemic plays out. Sorry to interrupt, interesting t