A 7th straight day as indexes fell on fears the spreading coronavirus is hitting corporate profits and curbing Global Growth fridays losses kept a wild week in the u. S. And around the globe with uncertainty over the disease we need to trillions of dollars in value being wiped away from markets. The dow jones continued its downward spiral shedding over a 1000 points early in the session investors fear the coronavirus will derail World Economic growth it was the worst week for global stocks since the 2008 financial crisis panic is in the air the decline in wall street came hard on the heels of slides in asia and europe in london the footsie close nearly 4 percent lower germanys blue chip dax also fell sharply. So there is this uncertainty about what this virus will do next will it be a pandemic and will Economic Activities be significantly affected its clear well see a technical recession in the 1st. 2nd quarter in several countries including germany this is a station that says you will
Canceled around the globe tourism and Hospitality Industries are the 1st to soft power long can hold sales an ally and hold out without state. This is the the new business im proud of has welcomed in a move that surprised analysts and markets the u. S. Federal reserve has announced its biggest Interest Rate cut in a decade the decision comes in response to the danger the coronavirus poses to the American Economy the new rate is down half a percentage point but the movie also reassure wall street which tumbles in the aftermath results in asia on wednesday more makes with slight gains in tokyo and seoul. Now lets check in with our financial correspondent only bonce who is standing by in frankfurt for us only mock reaction seem a bit all over the place. Yes thats right it was a tepid reaction in europe when the decision came. Just reaction really in wall street the market went south in a big way and asia the markets are kind of hovering wondering what to do with this the move was i think
Airline Passenger Experience the subcommittee heard from representatives from the Government Accountability office, Consumer Reports, paralyzed veterans of america, the airline Passenger Experience association and Spirit Airlines. The subcommittee will come to order. I would ask unanimous consent ththe chair bethe chair be autho declare recess during todays hearing without objection, so ordered. I also ask nms can send members not on the subcommittee be permitted to sit with subcommittee at todays hearing and ask questions without objection, so ordered. Good morning and i want to thank the witnesses for joining the subcommittee today for the discussion on the air travel experience. According to the u. S. The bureau of transportation statistics in 2018 u. S. Airlines. 925 million passengers to destinations in the u. S. And abroad, the highest total is 2003. The federal aviation or the faa current forecast predicts it will increase roughly 2 per year over the next 20 years and the number
Ththe chair bethe chair be autho declare recess during todays hearing without objection, so ordered. I also ask nms can send members not on the subcommittee be permitted to sit with subcommittee at todays hearing and ask questions without objection, so ordered. Good morning and i want to thank the witnesses for joining the subcommittee today for the discussion on the air travel experience. According to the u. S. The bureau of transportation statistics in 2018 u. S. Airlines. 925 million passengers to destinations in the u. S. And abroad, the highest total is 2003. The federal aviation or the faa current forecast predicts it will increase roughly 2 per year over the next 20 years and the number of passenger is expected to grow from 24 million to 56 million by 2050. So while increased passenger demand for its new Economic Opportunities and enhances the nations aviation network, longstanding challenges can enter. Over the last few years coming u. S. Airlines invested i interen their produ
Know that that can hurt them as it has but they also know that it hurts mr trumps reelection bid because it hurts manufacturing farmers and others so the bit bottom line is its a theater driven by the calculus mr trumps calculus how much does the theater gain me and the how much does the theater lose me and what every resigned this coming week it will be overwhelmed by how that calculus shifts between now and election day next nor the november but if the chinese side decides to sign something that they simply cant deliver on because these are impossible benchmarks to fulfill all of us we said then wouldnt it just be a question of if not when then like how chinese will default in the socalled agreements. I think this is a bit more complicated the chinese understand that they get some real immediate advantages tariffs that were set to go into effect wall now thats been agreed to tariffs that were imposed in september are going to be either eliminated or removed its still true that half o