Turbulence in the Airline Industry has seen a spate of bankruptcies. Carriers face headwinds from increased competition, particularly among budget carriers, to rising fuel prices at a time when the Global Economy is slowing. Later today we find out how budget carrier easyjet, which posts results, is faring. 17 airlines have gone bust worldwide this year, with bankruptcies increasing at the fastest ever rate. Among the most high profile to collapse, indias jet airways, British Travel group thomas cook, and brazils avianca. Many airlines have also been hit by the grounding of the entire boeing 737 max fleet following two fatal crashes. That has driven up waiting times and prices for new, second hand and leased aircraft. And a recent survey suggests one in five travellers is flying less, perhaps fuelled by the swedish concept of flygskam, orflight shaming, as people foresake flying for the sake of the planet. There is a lot going on impacting the industry. Adrian yanoshik is Equity Resear
Sweet caroline. Good times never seemed to so good. Ive been inclined. To believe they never would. But now i cheryl welcome to fbn a. M. Good morning, everybody. Im cheryl casone. Lauren good morning, im lauren simonetti. Cheryl once again, we do have red arrows. Investors really focused on china and the trade talks. Its been months of negotiations. Dow is down 21, s p down 2 and three quarters, nasdaq down 4. Lauren markets are china are back open after a week long celebrating communist rule. The nikkei is up 1 . Cheryl in europe this is another trade sensitive story, there is brandnew news on brexit were going of to get to in this hour. The ftse barely higher, the cac and dax are lower. Well, trade, once again front and center this morning. High level talks are set to kick off later this week as deputies are trying to work on a deal between china and the united states. But there is a major Sticking Point that could hold up this entire negotiation process. Lauren for more on this, le
Next week. The brexit drama. Boris johnson skipped a News Conference as his host says the u. K. Is not serious about talks. Shery lets get you started. We are seeing u. S. Futures slightly higher by. 1 . This after the s p 500 slumped the most in two weeks. Coming after President Trump announced an initial trade agreement with japan. When it comes to the safe haven moves we saw in the last session, we had wti crude higher, the biggest gain since february of 2009. Those are being reversed with gold futures getting pressure, down. 3 . Not to mention, wti holding above the 60 per barrel level but still under pressure, down 1. 5 , this after jumping 13 in the previous session, given the previous attacks on saudi arabia and Oil Facilities. Lets see how things are shaping up in the asian markets. Sophie there may be impetus for Risk Appetite after the mixed session we saw on monday when Energy Shares rallied while Financial Firms led declines. U. S. Japan lines on the trade deal being narrow
The day after may soon be aokay with your boss. It is wednesday, september 25th. Fbn a. M. Starts right now. Brandnew day. A brandnew day. Lauren it is a brandnew day on fbn a. M. Good morning. Im lauren simonetti. Cheryl brandnew for your money. Good morning, everybody. Im cheryl casone. Lauren it is looking a little better this morning. Lets show you yesterday after House Democrats ramped up demands to impeach President Trump. The s p 500 and nasdaq seeing the worst days in a month. Cheryl taking a look at futures, were seeing more pressure man. We had stabilization earlier in the market. Global markets under pressure. We have further fall for the dow, 72 to the downside, subpoena down 9 andahalf s p down 9 andahalf. Lauren the yield on the treasury stands at 1. 64 . Cheryl taking a look at oil, price of crude is lower again. Saudi arabia continues to repair their facilities damaged in the recent attack, being blamed on iran. Gasoline prices in this country down a fourth straight day
American migrants to the southern border and ill also speak with carter page live, he is at the center of the fisa abuse scandal and has new information this morning to share with us about the origins of the russia investigation and also china expert Jonathan Ward here today just how personal is it between the league of the worlds two biggest economies President Trump and chinese xijinping, all that and a lot more right now as we look ahead on sunday morning futures. We have breaking news this morning President Trump is meeting with World Leaders at the g7 in france. He met this morning with japanese Prime Minister where the two agreed in principle on a new trade deal, breaking news out of france. He also met with canadian Prime Minister Justin Trudeau and british Prime Minister boris johnson. Just minutes from now, he will have a bilateral pullaside with australian Prime Minister scott morrison, this as we await how markets will react tomorrow, breaking news after the close on friday