And airports. This is an hour and a half. Welcome to todays hearing on support for healthy air travel. Air travel plays a Critical Role in business, commerce, education, travel, and tourism. We take for granted that we can travel great distances by air. That weredestinations once reserved for imagination. Air travel moved from our imagination to a real audi reality that has changed the way we with each other. Our dependence will only continue to grow. Global air travel will nearly double. As with many other industries, the pandemic has dramatically impacted commercial air travel. In the u. S. Alone, Passenger Air travel was down 96 . Worldwide, the air travel industry is projected to use more than lose more than three hunter billion dollars in operating revenues this year. Shiftpple effect of this goes well beyond the airline. Full recovery requires ensuring safety and reestablishing the confidence as we continue to face the risk of covid19. These are positive steps, but are they enoug
Welcome to todays hearing on support for healthy air travel. Air travel plays a Critical Role in business, commerce, education, travel, and tourism. We take for granted that we can travel great distances by air. That weredestinations once reserved for imagination. Air travel moved from our imagination to a real audi reality that has changed the way we with each other. Our dependence will only continue to grow. Global air travel will nearly double. As with many other industries, the pandemic has dramatically impacted commercial air travel. In the u. S. Alone, Passenger Air travel was down 96 . Worldwide, the air travel industry is projected to use more than lose more than three hunter billion dollars in operating revenues this year. Shiftpple effect of this goes well beyond the airline. Full recovery requires ensuring safety and reestablishing the confidence as we continue to face the risk of covid19. These are positive steps, but are they enough to ensure safety and reestablish trust .
Brokered. Weekrude about 13 on the but we cant go without pointing out we are down about 50 on the year. The dow, the nasdaq, the s p down roughly 1. 5 on the day. The big decline or is really the russell 2000. A lot of concerns about what the smaller and Midcap Companies are going to fair. We also saw a selloff in the financial space. The bank index down about 4. 8 on the week. We should also point out, on the weekly gains and losses, the only three sectors that managed to close with gains this week was energy, consumer staples, and health care. Also up about 2 , scarlet. Scarlet it is interesting how weve seen the gains that initially came at the open disappear pretty quickly. For all the talk that the data is backwards looking, the fact that it is friday and we have so much uncertainty i had of us with worsening numbers presumably means that investors dont want to be long heading into a weekend. Now all eyes are looking towards the opec Conference Call on monday. Certainly there a l
The dow and nasdaq not far amazing suits and float around behind. S of tiffany surging the cabin. It will be a great market after all. I see you are talking about space suit this morning interest in acquiring the that was designed by under company for 120 a share. Armour the next investing frontier, one of the questions that gets Virgin Galactic set to make the put to me a lot is how do you public debut here at New York Stock Exchange this morning. Sir Richard Branson will join us know it is going to be safe . First on cnbc. When it comes to space i mean so, markets are chasing some history this morning the s p is on track to open at space is hard, it got to go off an all time intraday high. On friday, closed within six without the hitch. Points of that record level no room for error here after being fractions away from setting a new milestone. How do you ensure thats the case and what do you tell jim, a lot of the bears arguing what has gotten here from july has been healthcare and ut
Between the eu and u. K. To avoid some really catastrophic stuff in financial markets, but that is pretty that is pretty limited. The government has certainly stepped up its efforts. That is true on the eu side as well. One of the things thats going to be interesting is if there were an election, there would be some control over how much the government would continue to do no deal planning during the Election Campaign. It is also true that some things could be prepared for and some things you simply cannot prepare for. One of the things people are most worried about is food. You have ministers saying there will be adequate food and enough food, but you also have the supermarkets saying that christmas is going to be a real problem. Joe obviously Boris Johnson in theory wants to call an election for a few weeks from now, but theresa may also called a snap election, thinking that she would dominate, then was done by the for showing of the conservative party. Labour nearly took over. I kno