FAA Weighs Pullback in Newark Flights; Trump Floats Tax on Rich

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Airlines and US aviation officials plan to meet on further flight cutbacks at Newark airport following multiple breakdowns in radar systems, according to people familiar with the matter.  The plan currently under consideration would encourage carriers to voluntarily decrease the number of flights for a limited period at the transportation hub outside New York City, said the people, who asked not to be identified discussing private deliberations. The Department of Transportation is expected to schedule discussions with airline leaders in the coming weeks, one of the people said.The urgency for such a meeting was underscored Friday by a second incident in which air traffic controllers guiding planes in and out of Newark Liberty International Airport briefly lost communications and radar displays. It follows a similar breakdown on April 28. Neither resulted in injuries or accidents.Today's show features: George Ferguson, Bloomberg Intelligence senior aerospace, defense & airlines analyst Erik Wasson, Bloomberg News congressional reporter on Trump Cautions GOP on Tax Hike for Rich, But He’s ‘OK’ With It and SALT Republicans Have to Accept ‘Unhappy’ Deal, GOP Chair Warns Nina Trentmann, Bloomberg News senior editor & Procore CFO Howard Fu on his company's outlook and his perspective on how tariffs could impact construction Chris Palmeri, Bloomberg News entertainment reporter & Andrew Silverman, Bloomberg Intelligence Government analyst on Trump Plans 100% Levy on Foreign Films, Deepening Trade War and how film tariffs would actually function Hosts: Matt Miller and Norah Mulinda Producer: Justin MillinerSee omnystudio.com/listener for privacy information.