How are things playing out this morning. Well, we are seeing droves of people coming in on this Friday morning, but this is not uncommon. At least that's according to the people on the ground that we've been speaking with this morning so far.But there are about more than 40 cancellations here at EWR Airport. But it is important to note, as we look more nationally, this is the 72nd worst day in terms of flight cancellations since January 2024. So the size and scope isn't necessarily catastrophic.A lot of ana ...

Flight Disruptions & Passenger Impact - A plastic surgeon's international flight from EWR to Barbados was canceled and rescheduled, causing her to miss the flight [1] - Travelers are attributing flight cancellations to the government shutdown [2] - Despite the shutdown, international flights should not be impacted, yet cancellations persist at EWR airport [2] TSA & Workforce - Reports suggest reduced TSA lines at airports, potentially down to one or two lines [3] - Anecdotal evidence from TSA agents at Newark terminal indicates no significant difference in TSA worker attendance [3][4] - TSA workers and air traffic controllers have not been paid since October 1st [4] - TSA workers have experienced government shutdowns before and anticipate a resolution [6][7] - Many TSA workers are still reporting to work despite not receiving paychecks for five weeks [6]

>> IT IS 10:00 A.M. IN LONDON AND 5:00 A.M. IN NEW YORK CITY. LET US GET STARTED WITH WHAT YOU NEED TO KNOW. A TERRIBLE WEEK FOR TECH. VALUATION WORRIES KNOCKING GLOBAL EQUITIES. MID-CAP STOCKS SELLOFF DESPITE POCKETS OF POSITIVE EARNINGS REPORTS. THE TESLA TRILLIONAIRE. SHAREHOLDERS APPROVE A ONE TRILLION DOLLAR COMPENSATION PACKAGE TO ELON MUSK MARKING THE LARGEST PAYOFF EVER AWARDED TO A CEO. AIRLINES BEGIN CANCELING FLIGHTS AS THE GOVERNMENT SHUTDOWN DRAGS ON. WE ARE LIVE ON THE GROUND. LET US GET A QUI ...

Mark, I'm not going to ask you about Tesla, but I am curious about the tech selloff that we're seeing. The S&P 500 has dropped 3% since its most recent peak. Does the drop continue.Come Monday. My bias is pretty is it does continue. I mean, 3% is pretty irrelevant given the extraordinary gains we've seen this year. I mean, the key theme of the past six months is that we've seen this straight line rally with almost no pullbacks.And we're getting a little bit excited this week because we're seeing a few perce ...

Just walk us through these numbers here. How dire is the weakness in North America. Well, I think what really spooked people is the comments on the North Atlantic.And that is a route that is not to be underestimated for IAG. They get about a third of their capacity from that market. So any weakness in that market will really hit through to the sentiment to the bottom line.And that's why we're seeing the stock down quite a bit today. This has not been a great week for airlines. It's sort of similar to what w ...

This is what you need to know about Tesla's annual shareholder meeting and Elon Musk's trillion pay package. First, shareholders voted overwhelmingly to approve it. More than 75% of the vote was in favor confirming the biggest CEO corporate payout in history.The message is very clear Investors want to keep Elon Musk in the driver's seat and they're willing to hand over more control. This vote clears a path for Elon Musk to take his stake in Tesla to 25% over the next decade. But the award is in tranches and ...

If there was one thing that Europe could do to support companies like yours in Europe with your own model with of course your own stack of GPUs and AI accelerators, your own depth of research, what would it be. >> I think we need more uh boldness and more courage in Europe to build more AI. Uh I think I think as a as as as Europe, we're selling ourselves still a little bit short.Uh so I would I would really encourage all of the European governments to to put on a very strong AI related agenda and uh make su ...

US-China Trade & Geopolitics - The US has been a winner in trade deals, particularly with soybean exports and rare earth releases from China following meetings between Xi and Trump [1][2] - A shift within the Communist Party of China (CCP) towards a friendlier and more open orientation is making the Chinese market more attractive [4] - The biggest risk for China is a return to the "Wolf Warrior" stance, but the latest plenum suggests a desire to mend relationships with the US [12][13] - Taiwan was notably not mentioned in meetings between Xi and Trump, indicating a potentially significant shift in US-China relations [13] China Market & Technology - China's technology sector, especially in chips and other areas, is becoming increasingly self-sufficient and attractive to investors [5] - The Electric Vehicle (EV) market in China is experiencing incredible growth, with Chinese vehicles surpassing even luxury brands like Rolls Royce in some aspects [6][7] - The Chinese market is outperforming India and even the US market, signaling a potential long-term rerating of China [8][9] - A correction of 30-40% in the AI space is expected due to excessive spending, but AI remains critical [15][16][17] Emerging Markets & Investment Strategies - Emerging Markets (EM) are poised to benefit from trade policies, with Southeast Asian countries like Malaysia and Thailand potentially replacing China in some export sectors [19] - A stronger US dollar is generally positive for EMs as it boosts export earnings [24] - India's bureaucracy is a significant impediment to foreign investment, hindering its ability to absorb capital and technology [29][30] - Korea, along with Taiwan, is considered an interesting market due to its strong technology sector, despite recent sell-offs [36][37]

Bihar is is one election where the opposition thinks it has a chance. And and of course, therefore, it is going to be watched keenly. Does this upset the momentum for the BJP and does it then all go for the elections coming next year.Or does the BJP sort of continue with its juggernaut like. Former RBA governor Raghuram Rajan speaking to us earlier about the election in Bihar. The referendum in India's poorest state takes centre stage in our India Focus segment this week.Millions took part in the first phas ...

SHERY: MALAYSIA'S DEPUTY PRIME MINISTER HAS SAYS CHINESE TRADE HAS BEEN MORE FRIENDLY. THEY SPOKE TO BLOOMBERG ABOUT HOW MALAYSIA IS USING ITS TIES WITH BOTH BEIJING AND WASHINGTON. NOT ONLY ABOUT DIPLOMATIC REAL STATION BUT ALSO IN TERMS OF TRADE AND G.TO G. AND TO US AS WE MOVE FORWARD, RIGHT FROM LAST YEAR TOWARD THE FALL UNTIL 2028, WE ARE ASSUR ING A NEW GOLDEN ERA, ONE DEFINED BY INNOVATION AND ALSO HIGH QUALITY GROWTH HAS BEEN -- BY THE MINISTRY OF INTERNATIONAL TRADE AND INVESTMENT AND WELCOMED BY O ...