Lead to care. For School Welcome to the program such a bank has long been in crisis a so far failed restructuring attempt a litany of litigation in the United States and high costs have weighed the company down now it says its on the road to recovery announcing its 3rd straight quarter of profits a bunch of bank returned over 300000000 euros for the 3rd quarter thats more than analysts estimated a boost in trading revenue and a drop in missed credit repayments helped a lot so far this year looks a lot better than 29000. 00 when it made losses in the boot billions of euros as you can see there however the full effect of the pandemic could yet be to come if Companies Fail to pay back loans that could yet damage the companys long promised return to success now. Is the financial correspondent in frankfurt. How well is Daughter Bank prepared for a potential wave of bankruptcies due to the pandemic. Its better prepared than in the past the numbers in the Balance Sheet which describe the Capi
District includes contra costa and santa clara california. Thanks for being here. Good to be here. Thank you. I know you were affected by the shutoffs at your home this time around and for quite a while, too, right . About 48 hours. This morning we were throwing away everything in our refrigerator and freezer and im sure everybody had the same experience. Its not a small thing, im not trying to minimize but what other problems can be brought on by the poweroffs. The company thats doing this are doing it because they fear the wind event will create wildfires. It comes from a good point of concern, which we all have, but its because that their electrical grid hasnt been hardened and they think these winds can create the fire event were fearful about. So they created these Public Safety power shutoffs. There are people that rely upon power for life. Life meaning their electric wheelchair, keeping their medicines cool, heart and lung machines, and those folks are in great danger when you s
Fast moving. And successful beyond belief. That this is the way we do it. Not only would start. On d w. Grounded and pounded financially a groan of ours crisis slams the brakes on air travel stripping German Airline giant tons or of any chance of turning a profit whens your next funds if you wait till 2024. What to do when you come to rwanda is amazing parks in person virtually. And we visit a german gingerbread maker hes already bracing for the Holiday Season the pandemic has taken a little spice out of the trade. And been fizzling lets do business the transit has just posted a one and a half 1000000000 euros loss for the last quarter thats not as severe as full cost but it still does well chief executive board doesnt expect the man to return to precrisis levels before 2024 echoing a warning from the International Air transport association. The skies are empty in germany the number of air travelers has dropped by 80 percent since the start of the corona Virus Outbreak and the situatio
A rebound for europes largest economy but what about a 2nd wife. And a german gingerbread make it braces for the Holiday Season the pandemic has taken a little spice out of the trade. And been physical and lets do business those times as posted a one and a half 1000000000 euros loss for the last quarter its not as severe as thought but it still does will chief executive customs for doesnt expect demand to return to precrisis levels before 2024 echoing a warning from the International Air transport association. Most of its planes are still ground day to pump tang currently on used to runways of tons that has been part nationalized point in a deal granting it 9000000000 euros in state aid a lifeline out of the crisis. In the 1st quarter of this year the Airline Already suffered operational losses to the tune of 1200000000 euros in the 2nd quarter as much as 1700000000. Radical change is the order of the day in june looked left the german dax index and the German Government now owns a 20
News conference this morning, House Speaker nancy pelosi talked about the need for an additional coronavirus aid package. The house returns next week for legislative work. Rep. Pelosi good morning. How are you all . Yesterday, with two months since we passed the heroes act, as some of you are aware who were with us when we observed that. Calling upon the president to activate the defense production act so that we can get the equipment we need. The president has made so many bad executive decisions. We wish he would make a good executive decision and do that. Behavior, i have theluded that he is like man who refuses to ask for directions. All of the answers are giving. Are there. The scientists have the answers. We know that testing, tracing, treating, distancing, masking, sanitation, can stop the spread of this virus. President continues to go down the wrong path and refuses to ask for directions from scientists who know better than any of us. So, again, again we have observed that wit