All Airports Are Ground Stopped Until Further Notice: FAA

"Balance of Power" focuses on the intersection of politics and global business. On today's show, Ray LaHood, former US Transportation Secretary, says he believes the nationwide FAA ground stop is more likely the result of an old, antiquated system failing than problems transitioning to new technology. LaHood says travelers should consider alternate plans because disruptions could continue even after the system is restored, and says major airports are prepared to handle the fallout. Chapters: 00:01:21 Homeland Security Secretary Markwayne Mullin Briefs Reporters on Nationwide FAA Ground Stop 00:03:00 Markwayne Mullin on Cyberattack and AI Concerns Addressed 00:07:01 Markwayne Mullin on Telecommunications Outage Behind Ground Stop 00:11:09 National Security Analysis With Bloomberg’s Nick Wadhams 00:14:04 Bloomberg’s Tyler Kendall on Passengers Stranded at San Francisco International Airport 00:18:11 Airline Industry Impact With Boomberg Intelligence’s George Ferguson 00:24:44 Power Moves: Top Financial Moves 00:27:10 Bloomberg’s Courtney Subramanian on White House Tracks Aviation Outage 00:29:28 Ray LaHood, former US Transportation Secretary, on Nationwide FAA Ground Stop 00:31:19 Ray LaHood on Inside the Response to the FAA Outage 00:33:23 Ray LaHood on Could FAA Modernization Have Caused the Failure? 00:35:00 Ray LaHood on How a Nationwide Ground Stop Is Ordered 00:36:18 Ray LaHood on Are US Airports Prepared for the Disruption? 00:37:10 Ray LaHood on What Happens to Planes Already in the Air? 00:39:16 Political Panel Reacts: White House Crisis Communication, Could the Outage Unlock Funding for FAA Upgrades? 00:41:43 Bloomberg’s Ed Ludlow on SpaceX Prepares for Ambitious Starship Flight 00:44:22 Starship Lifts Off 00:46:44 Successful Starship Stage Separation 00:50:30 Super Heavy Booster Begins Landing Burn 00:50:52 Booster Splashdown After Catch Attempt Scrubbed -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts