Now conversations continue with airlines regarding their potential participation no thats of course what. Joining us now to discuss is boom bust cohost and investigative journalist ben swan ben thank you so much for joining us today you know yesterday when we saw the reports of this all coming out it was interesting to see how it was written as the airlines have accepted this bailout theyve theyve done a gracious moment and accepted it but im going to start with the issue of repayment so so far we know that about 30 percent of these bailout funds will be in loans and the other 70 percent will be in grants why exactly is that. Thats where the acceptance part of this story comes from because the airlines didnt want to have 70 percent of these come in the form of grants and 30 percent in the form of loans they wanted 100 percent of them to be grants we dont have to pay any of this back because were so important to america and to the economy of course they didnt get that deal so thats why
Down plus well take another look at the global spread of the coronavirus and action taken by governments around the world and the markets are in the red again and being dragged down by poor big performance we have expert analysis on hand to go over the details with a packed show today so lets dive right in. And a huge agreement has been reached between the Trump Administration and u. S. Airlines for a bailout package in the billions included in the 2 trillion dollars stimulus package signed on march 27th was about 25000000000 dollars for the Airline Industry but until now the Treasury Department and the airlines had not come to an agreement on exactly how or under what conditions the airlines would receive that money now the greenman which came together late tuesday includes warrants that could lead to the federal government owning equity stakes in the companies and requirements that 30 percent of the assistance would have to be paid back now according to treasury secretary kerry steve
After the Islamic Republic seizes a tanker in the strait of hormuz. Healthy growth phillips beats Sales Estimates for the Second Quarter as the ceo gives bloomberg his take on the trade war. These trade wars that are , as ave in the world strong believer in what globalization has brought to the world, i hope that we can see coming closer to each other. That will be good for the world economy. We had some outflows. If i had that back, we are actually within the target range. If i look at margins and revenues compared to the second half last year, they have substantially recovered. A very more welcome to the European Market open, everybody. European markets opening what . 28 minutes time . There or thereabouts. Futures suggesting we will be a little bit weaker at the start of the trading day. European markets expected to be a little bit weaker, apart from the 3100. I should point out, seen as a bit of an outlier, and that could very much the case in oil markets. Futures dewpoint slightly
Kelvin mackenzie, and the former adviser to Jeremy Corbyn. James schneider, as always , i want to schneider, as always, i want to hear from you. You know what an important part of the programme it mail it is. Email me. Mail gbnews. Com. But now its time for the news of the day with polly it. Polly middlehurst. It. Jacob, thank you and good evening to you. Well, we start this bulletin with the news that a 15 Year Old Girl has died after being stabbed on her way to school in south london. An Emergency Services were called to wellesley road in croydon at around 8. 30 this morning. One eyewitness describing seeing a bus driver and a passer by trying to resuscitate her. She was a student at the private girls school old palace of john whitgift. But a 17 year old boy whitgift. But a 17 year old boy has been arrested. Police say he was known to the victim. Was known to the victim. This is every parents Worst Nightmare and i know the officers who responded this morning, along with our Emergency
Dwellers in marble halls or ivory towers. Moreover she merely reiterated what David Cameron , Angela Merkel and cameron, Angela Merkel and Nicolas Sarkozy all said about ten years ago. Where was the outrage then . William gladstone , a liberal, once said that money ought to fructify in the pockets of the people rather than be taken by the state. But the labour party has announced that it would extend vat to private schools in its first yearif private schools in its first year if elected. But is this just the same old class warfare that weve always seen from the socialists . Plus has anyone ever visited the great city of glasgow and thought what it really needed was a special zone in which the laws set by parliament were suspend, did and individuals were free to take Illegal Drugs. Well thats exactly whats happened. And well be debating it shortly. State of the nation starts now. State of the nation starts now. And ive got a particularly pugnacious panel this evening. The former editor