3000 jobs will be cut under bains new ownership. Bain capital ownership, which in addition to these details relating to jobs, we are also expecting to hear about aircraft fleet and the future as well, this after bain bought Virgin Australia in what is a pretty bold that on an industry that has been shattered by the travel restrictions and the coronavirus pandemic. Virgin australia committed to regional and charter flying. Of targetsindication and priorities when they are restructured in addition to 3000 jobs being cut. Also getting data out of australia. Manufacturing pmi, services as well as composite index coming through. Dropping from that preliminary number for july. The composite number of 67. 8 also a little bit weaker. The performance of Construction Index coming in at 42. 7, higher than 39. 5. Lets take a look at the aussie dollar. Largely to do with the situation in victoria. We have that renewed lockdown, stricter stage four restrictions. At this time, later on today and tomo
Lavongo on their merger and the first companys earnings report. David has news on microsoft and tiktok. Want to continue to update a story were following closely given we have not seen anything like it. Tiktok the incredibly popular social media app in the u. S. And around the world, bytedance its owner, the u. S. Government saying we will shut tiktok down in the u. S. Unless you find a way to transfer all of it to u. S. Ownership and microsoft playing the role as potentially the only suitor for the business i wanted to bring everybody up to date on new reporting that ive got because it is interesting. Both sides right now, bytedance and microsoft and of course the u. S. Government is still very much involved in this as well are negotiating to try to reach some sort of an agreement under which microsoft would buy the u. S. Business of texas toks u. S. Bit from bytedance within the next two to three weeks. That seems to be what theyre hoping for in terms of a timeline obviously in these
Infections and deaths around the country. Our question what do you think about the three chilean dollar coronavirus aid package 3 trillion aid package . 2027488000 , democrats 2027488001 , andendents 2027488002 you can always text your opinion at 2027488003 . We are also reading your comments on social media. The house on friday past a 3 trillion aid package and it was summarized in todays till newspaper. Approved a 3s trillion relief package to alleviate the economic fallout of the deadly coronavirus pandemic. Seeking to add pressure on Senate Republicans to act on a new round of emergency aid. The foot was largely on party lines with a mix of progressive and centrist democrats working away from opposition and a still republican of new york defecting from the gop to vote yes. Speaker pelosi characterized the legislation, crafted by democrats without consulting republicans, as the opening salvo in talks with the senate and white house. We are putting the offer on the table. Negotiation
Market. Lets kick it off with blake. Reporter hi, there, melissa and connell this is the first time in a month, you have to go all the way back to march when the president left the white house for an official president ial event. He has been on the ground in phoenix, arizona. He has been there 45 minutes or so. He visiting a honeywell plant that pivoted to produce n95 masks. Were talking about arizona as well that state could potentially be up for grabs in the election in november. Here is the president , as he was leaving for washington talking about the upcoming trip. I am going there for two reasons. I love arizona. I have a lot of friend in arizona. I have had Great Success over the years in arizona. I will pay my respect foss for honeywell, one of the Great Companies that have done a fantastic job for us so i look forward to it. Reporter aboard air force one the president tweeted a list of items he would like to see as possible next step relief measures, writing in a tweet, you se
Palestine derailment. [inaudible conversations] the science transportation order. Ee will come to for the purposes of a hearing. We are here this morning at the full committee for improving rail safety in response to the East Palestine correlator i would ask the witnesses to please join us for the first panel at the witness table. [inaudible conversations] [inaudible conversations] good morning, everyone. The hearing will come to order. On february 3rd, the town of East Palestine, ohio, experienced a Hazardous Material event that no community should have to suffer from, and Norfolk Southern train carrying Hazardous Material crashed just outside the town,n, and 38 carso more than according of the train derailed. One of the cars caught fire, in gold and gold of the rope cars including five caring vinyl floor. After burning for two days, authorities became concern the vinyl chloride and one of the tanks was undergoing a Chemical Reaction that made it bigger and more dangerous pick the aut