The uks oldest travel firm, thomas cook, has announced it ceased trading after talks with creditors and shareholders to raise the 250 million to avoid collapse failed. Ministers say plans to fly holidaymakers back to the uk are in place. It was one of the Worlds Largest travel firms and employed 22,000 staff, 9,000 of whom are in the uk, and serves 19 million customers a year in 16 Different Countries. Simon calder is the travel editorfor the independent and he joins us from Manchester Airport in the north of england. The Tour Operator had been thriving for many decades and staff here are simply stunned by what is happening. The flights are still coming in. Aircraft arriving from cyprus, turkey, some en route across the north atlantic but when they land, they will find that the staff very sadly have lost theirjobs. The passengers will be the last people to enjoy the service and this is being repeated at airports across britain and germany as well as scandinavia. Last flights arriving a
Coming down towards hilltop drive, and no slowing has showed up just yet. And theres the bay bridge toll plaza, and they had a little slowdown. Theres a trash reported that i will check on, and not as bad as 580, which is fine. Your ride on bart could soon become safer. Bob is live with the details. I am hearing a lot of Police Officers are ready to roll out . Reporter bart tells us they hired 40 new Police Officers this year alone, to give you perspective, thats the same number of new hires at the previous two years combined. Look at the numbers on your tv screen. Bart has been recruiting more officers after an independent review, and they want to hire 94 more officers over a fiveyear period and the report recommends they create a team to patrol just the bart stations. Under the most recent fouryear labor contract, new recruits receive a 15,000 signing bonus, and bart Police Officers received a onetime 6 Salary Increase and annual raises ranging from 2. 5 to 2. 75 . Many wouldbe hires
Livermore, and san jose, good morning to you, write about 59. Temperature similar to how we o the afternoon. Mostly clear away from the coastline today and temperatures pleasant once again with not much change coming our way today. The onshore breeze in fairfield right now . He Miles Per Hour, oakland reporting 12. If you have some of those afternoon highs expected, mid80s for areas like amniotic. Into the north by 83 in santa rosa. Some warmer spots around the bay , low 70s in oakland. 66 is the afternoon high in San Francisco. Temperatures warm up as we get into the rest of the business week. I will have a look at that as well as the weekend. Right now we do have a nice looking commute starting off for the past and the tracy super commute. You will see that westbound 580 we have some pretty decent comi up through the area. Some early starters here driving out towards d ov bay bridge. 402, lets go back to the dash. 4 02, taking alive look at sfo him in San Francisco International Airp
And george mason university. Hes a Bloomberg Opinion columnist and has written regularly for the New York Times and contributes to a wide number of newspapers and periodicals. His previous books include the class and great stagnation. In his new book big business, he examines the tension between the lack of trust in big business snd big businesses in the American Economy. He argues that corporations despite americans ambivalence towards them are inessential and balanced, productive and Oppressive Society by spurring innovation, rewarding talent and hard work and created the bounty on which americans have come to depend. The Deputy Editor of Harvard Business review writes tyler cowen mounts a defense of big Business Finance and the tech industry. Both of their critics and defenders will benefit from b ts book. Cowen will be joined in conversation tonight by edward, u. S. National editor from Financial Times and author of the retreat of western liberalism. Please join me in welcoming eit
More bumps in the road for nissan. Planned job losses after profits fell 99 . Shery lets get you started with a quick check on how markets closed in thursdays session in the u. S. The dow falling to the lowest level in two weeks. Tesla and for taking a hit on weak results and earnings. The nasdaq falling the most in a month. Has stellar earnings, but because of the ftc probe, Market Sentiment was not too positive stock. We have the s p 500 losing. 5 . Investors did not like the president of the ecb. Was not as dovish as they expected and that weight on sentiment as well. U. S. Futures at the moment unchanged. Lets see how things are shaping up in asia. Sophie we are setting up for a riskoff session. Kiwi shares resuming losses. Cost they could come under pressure. Earnings in focus. In southings data korea sliding further in july. In sydney, the asx 200 may snap a gain. Switching the board to check in on bonds that rally in aussie debt how much upside may be left as we are getting more