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Airlines brace for 5G rollout, Trump faces NY AG investigation, Puerto Rico exiting bankruptcy

Yahoo Finance Video

Top business stories include airlines canceling flights and adapting to the U.S. because of 5G service rollout, a New York Attorney General investigation into how Former President Trump obtained loans, and Puerto Rico exiting bankruptcy after five years.

Video transcript

JULIE HYMAN: Well, major international airlines are canceling flights to the US today amid growing concerns that the rollout of 5G service could interfere with aircraft technology. Emirates, Air India, and Japan Airlines among several airlines that have announced cancelations. Verizon and AT&T said yesterday they will delay 5G implementation within two miles of airports. The rest of the 5G networks will go live today.

New York Attorney General Letitia James says her civil probe into the Trump organization has uncovered evidence of, quote, "fraudulent or misleading valuations made by the company to obtain loans and tax benefits," including of Trump's New York City apartment. James is now seeking testimony from Donald Trump, as well as his children, Donald Trump Jr. and Ivanka Trump. Trump and his lawyers say the investigation is politically motivated. James' office says it has not yet decided whether the new evidence merits legal action.

And Puerto Rico has been given the green light to end its nearly five-year bankruptcy. A district judge has approved a new debt adjustment plan intended to reduce Puerto Rico's $135 billion in liabilities and revitalize its economy. The plan, which cuts Puerto Rico's debt by 80%, marks the largest municipal debt restructuring in US history. It's set to go into effect on March 15.