welcome to "street signs." i'm nancy hungerford these are your headlines european equities trade higher with gains drive bin the auto sector after reports suggest china could cut car import duties to 15%. the right call french telecon stocks rally on a report that the head of the regulator says he is open to sector consolidation sending shares in that sector higher. italy's ten-year bond yield

jumps to a high after coalition partners proposed a newcomer as prime minister. and mark zuckerberg prepares to face european parliament as he testifies on the data scandal, but british lawmakers are left frustrated as he declines to answer their questions. hello. welcome to "street signs." let's bring you up to speed with where the european markets are trading. a fair amount of green no surprise when you consider the moves on wall street overnight. plenty of optimism there many investors cheering the fact that u.s. and china put their trade war on hold. you are looking at the stoxx 600, higher by just about 0.1% let's get a view of the individual bourses, the italian

election still in focus. the ftse mib is moving higher. we are keeping a close eye on the italian bond yields. the french cac 40 just barely in the positive territory the ftse 100 is higher by 0.22%. let's look at the sectors. we already told you about support in the auto sector on news that china may be cutting import duties. the auto sector higher by 0.777% banks are higher by 0.80%. keep an eye on oil and gas as we continue to watch oil prices in light of freer fears over veneza

shares in french telecoms are rallying after consolidation talks. altice jumped over 50% as it goes x-dividend. a share hold adviser has called for more effective leadership at deutsche bank. he said questions needed to be asked over board changes and whether they were masks overlining problems. last month we asked about the strategy take a listen. >> we welcome the change, more clarity, we also think we need to focus on the chair. there's a number of questions, first of all, john cryan was hand picked in 2015, clearly he also worked with others for three years.

so it's basically the third ceo. he has been the chair for less than six years it's his strategy. he developed the strategy. there are questions around the strategy, how will it be developed? is it really about one person? he was on the board for three years, he was also co-deputy for some time. >> so akliner has to go? >> he doesn't have to go, but he has some serious questions to answer. giuseppe conte has been nom

na nominated as new prime minister. the italian bond at 2.3130 for the ten-year let's get straight out to willem who joins us from rome they didn't quite get the full approval yesterday from mattarel mattarella what happens now >> in theory, we'll hear from mr. mattarella, the elderly president here in italy, as to whether he will put forward this man, goo siuseppe conte as a pre ministerial candidate. they will meet a few yards from where i am now once they have those meetings, they will try to form a cabinet. mateo salvini and luigi dimaio

will also be following through on some of their campaign mrenlmrenl pledges, like migration, and deportation. in terms of mr. conte, we have not heard a huge amount from him since this announcement. he's been refusing to give interviews to the press over the last few weeks since his name was floated as potential candidate. we know late february he was put forward as a member of this cabinet by the five star movement he was going to be responsible for reducing bureaucracy across the italian government in terms of investor sentiment, there's been reaction. he's a bit of an unknown entity. the question is will he get the job and will he be able to carry out the programs that these two parties have hashed out over the

last two weeks >> you mentioned that conte is a relatively unknown individual. when he sits down with president mattarella, if mattarella says i'm not sure he's the right man for the job when it comes to looking for someone to bridge the differences between the two parties that are working together now, is there a chance he says go back to the drawing board and bring me someone new >> there's always that chance. just ten days ago he was giving a public speech, mattarella, saying there were situations in the past where the president did pick back on people proposed for the prime ministerial candidacy. one thing we heard from the party leaders is that this is a political candidate, and they faced a lot of criticism when it comes to their policies they put out in the draft proposal especially from other european politicians.

take a listen. >> we are ready. we have given our name we have made clear the team and project for the country. we want to start so we can grow this country's economy we read with interest and sometimes with surprise the declarations made by ministers from other countries and commissioners who are worried. they have nothing to be worried about. the government of which we play a part wants to make italy grow to increase jobs we want to bring back companies to invest in italy we want jobs to become more stable >> obviously that follows on from mr. salvini's regular rhetoric about putting italians first. i did -- luigi dimaio also commented last night to answer some critics, here what i did mayo said

>> there will be a political government it will be a government that puts at the center political questions. maybe i want to say also on an international level, let us get to work first and then criticize us you have every right to do so but let us start first >> the challenge for any prime ministerial candidate here is marshaling these different political forces and trying to enact any kind of real agenda. >> yes when you look at the market reaction there are concerns among investors about that as well >> we are joined by valentin marinof from credit agricole great to see you >> great to see you again. >> a lot of concerns around italy. on the equity side we see a bit of a rebound, but looking at the yield environment, you're looking at the euro what are you watching in terms of the next steps of the coalition talks >> it's about the fiscal --

first of all, the ability of the populist parties to form a government you mentioned the uncertainty hanging over the president's choice he may want to go for a technocrat government if he doesn't like that candidate. i think we'll have the first populist government in italian history. again, from then on, all eyes will be on the fiscal proposals. i think some negatives already have been priced in. but more may come, in particular investors have been focusing in on the so-called question about whether the italian government will try to use the mini b.o.t.s to side step eu restrictions on fiscal deficit government spending and all that. then the concern there about whether that could be perceived as a parallel currency that the italian officials are almost resorting to and jeopardizing their membership in the eurozone >> the mini b.o.t. plans caught many by surprise if it becomes implemented, what

will we see in terms of the market reaction? >> it is uncharted territory for most of us, if not all of us we did have those attempts by the greeks back in the days, when the soaring debt crisis was worse, to try to resort to that as a way to escape the fiscal austerity and all that that never came to fruition. that's the first time we'll have something which may look like that i don't think that will be positive for the currency. the backlash already in the markets but already official backlash, various officials have expressed concerns that may ultimately stop or prevent that from happening. ultimately the populist parties may indeed not resort to that option just yet. >> so you're best case is it doesn't get to that. what about some other spending proposals on the populist side, at the same time you have this issue of breaking the eu budget

rule even if the referendum is not on the table anymore in terms of proposals, you're talking about a violation of eu rules, aren't we >> we expect the fiscal outlook for italy to deteriorate and ultimately investors will vote and you could see widening in bund spreads on euro denominated assets coming under sustained pressure for the euro, what will be key is whether there are signs of contagi contagion. that outflow from italian assets spreading across the board so far that's been limited even if bund yields would widen further in response to the italian fiscal outlook, the impacted on the euro should be limited over the longer term also from a debt sustainability point of view, the concern may

not be there yet in terms of primary balance, italians like running a fiscal surplus which may help initially. overall it feels now turning to the euro some negatives are already in the price >> it's not just the factors going on in italy, looking at the euro relative to the dollar, do you think dollar strength continues to be the story? >> that's part of the story. it's part of a perfect storm, with growth concerns for the eurozone weighing on the euro, at the same time the revival of the reflation trade, treasury yields higherhelping the dolla across the board i think longer term that may still come to an end and ultimately we expect euro/dollar to recover in the next three months we may have to deal with the stronger dollar, weaker euro which could

challenge that euro/dollar that's been in the market for so long >> the fact that we've seen an easing of tensions with china on trade, putting them on hold, will that be supportive of the dollar that risk is cleared? >> it's too early to say i would think the risk of a trade war is very much there the devil is in the detail so from that point of view what could be positive for the dollar is that u.s. protectionism is always seen as dollar negative to the extent that the abating concern about trade war also reflects abating concern about protectionism, that's supportive for the dollar >> it seems we are getting confirmation here of more relaxing of protectionism measures from china coming from the chinese finance ministry as cited by reuters saying they will cut auto tariffs. they will cut the tariffs to 15% for some vehicles. the auto tariffs will be

effective as of july 1, 2018, and the finance ministry saying they will cut tariffs for some auto parts to 6% that's significant given how crucial the auto parts business is into the country. the finance ministry saying import tariff cuts on autos and auto parts are aiming to further open up the market this after china also said they would loosen other rules coming up after the break, we'll take a closer look at the fx markets a quick check here on what's going on with the space and valentin marinof stays with us after the break. these birds once affected by oil

are heading back home. thanks to dawn, rescue workers only trust dawn, because it's tough on grease yet gentle. i am home, i am home, i am home

the first survivor of ais out there.sease and the alzheimer's association is going to make it happen. but we won't get there without you. visit alz.org to join the fight. oh hi sweetie, i just want to show you something. xfinity mobile: find my phone.

[ phone rings ] look at you. this tech stuff is easy. [ whirring sound ] you want a cookie? it's a drone! i know. find your phone easily with the xfinity voice remote. one more way comcast is working to fit into your life, not the other way around. fomc minutes may provide more clues about the fed's policy path this year. investors are betting on a rate hike in june but we'll watch for whether the first quarter slowdown in the u.s. economy

could give policymakers cause for concern. let's look at the fx markets the euro cinching higher against the dollar the dollar on the end is slightly weaker. sterling, 1.3456 the greenback slightly lower against the swiss. let's bring valentin back in here are you excited about the fomc minutes? what will be the key >> it may be quite boring relative to other releases of late it is the case that june is fully priced in for two rate hikes. two rate hikes are in the price consistent with the dot plot there are a couple of points that may merit attention one is the interpretation of the term symmetric inflation target what they mean by that is it the case that they are willing to tolerate a more sustained inflation overshoot

the 2% target or something else? my hunch is the more dovish interpretation may be the case we've had rallying treasury yields, so there's some cautiousness on long dollar position ahead of the minutes. >> whether or not the fed is willing to sustain an inflation overshoot, won't that depend on the nature of inflation? let's say a lot of it is energy driven oil prices have changed quite a bit since the last meeting will the fed look past that? >> it's the fed and other central banks, and a cost push inflation rise which is bad for consumption. ultimately cost push inflation is a tax on consumption and reduces real incomes, even more so in the eurozone, where you have the weaker euro to deal with that means from the fed's point of view, they may perceive that

as a temporary spike especially the outlook for oil is not as positive as the more recent price action would imply for the time being the fed will be willing to tolerate that spike in the cost push inflation. they'll wait for more evidence that the tight labor market conditions finally are producing a more sustained pick up in wage growth that still remains to be seen. on the whole, i think the minutes may highlight the fact that symmetric inflation highlights that, and the fed is willing to sit on their hands in the face of a more persistent year shoot >> do you think the dollar bulls will find themselves under pressure >> we could see a quantitative ease, but t squeeze, but it's going to be interesting to

see what happens in the near-term. the market is getting long dollar, so the squeeze cannot be excluded it is the case that the reflation trade may have legs for the time being so long as treasury yields continue to grind higher, the dollar may remain supportive. >> looking at central banks, bank of england governor mark carney getting ready to sit in the hot seat do you think he'll continue the dovish tone? >> it's difficult for him to reconcile what he thinks he has to do given the inflation, at the same time i would say the weaker than expected data so far this year and the lingering brexit risks i think a rate hike is coming. our expectation is for august, which is consistent with what's in the markets in the case of the bank of england, what we may get is a lifting of those brexit clouds before long. if that happens, that may allow

the boe to refocus on the data, the pick up in nominal earnings. so the margin may still be positive for the pound, so we maintain a cautious bullish outlook for the euro against the dollar and the boe has a bigger role to play there maybe today during the testimony, not much will transpire from that, but down the road i think they will deliver on therate hike. >> how bullish for sterling? what's your target >> something close to 1.40, 1.43 those forecasts have been produced before the latest selloff or the dollar rally. so we'll look at those forecasts again. if anything, our moderately bullish view, euro/sterling remains in place, targeting 87 year end and 8 5 5 by the end o

2019 >> what makes you more encouraged >> there may be an outcome where the uk will stay -- or try to preserve as much of the setup we had before brexit for as long as possible in other words, my central case now would be that following the brexit announcement, march 2019, we could enter a transition period which will be similar to a customs union, but that may be extended beyond the current 18 months or so that were agreed in december so with that in mind, i think it could be the case that some positives could come on the back of that. and the ultimate trade relationship between the eu and uk remains highly uncertain what will transpire, but i'm sure that a cliff edge or a hard brexit will be avoided so no real concern on that front. >> indecision better than the

wrong decision i suppose >> yes, i hope so. >> thank you, valentin u.s. sanctions on iran will only grow more painful if the country doesn't change its strategy that's according to secretary of state mike pompeo who has made several demands of the iran wran government including removal from the syrian war and dropping its nuclear program. a senior iranian official described the speech as seeking regime change in tehran but pompeo promised to keep up the pressure >> these will end up being the strongest sanctions in history when we're complete. the regime has been fighting all over the middle east for years after our sanctions come in force, it will be battling to keep its economy alive iran will be forced to make a choice, fight to keep its economy off life support at home or keep squandering pressures wealth on fights abroad it will not have the resources to do

both >> responding to pompeo's speech the commander of the iranian revolutionary guard said the iranian people will deliver a strong punch to the mouth of the american secretary of state. the fbi will investigate any irregularities in its own tactics in relation to president trump's presidential campaign after being prodded to do so by the department of justice. it comes after the u.s. president questioned whether an informant had been planted in his campaign by the fbi. neither trump or his lawyer, rudy giuliani, have so far provided evidence of any infiltration. shares of credit agricole are trading higher after being backed bay french court in a 2012 tax deduction case. the case related to a 2.3 billion euro charge incurred when the french lender sold a greek bank. and norwegian air opened higher following reporting that iag will offer 1.52 billion euros for the airline.

shares getting a boost up there. spanish media reported that after two unsuccessful attempts, iag has drawn up a proposal to pay a premium of almost a third of its rival's share price a look now at dialog which will count on apple as a major customer in the next few years the company's ceo said that in an interview that apple commissioned other chip designs which will be delivered in 2019 despite speculation that the iphonemaker is working on its own chip production. coming up on the show, tesla shares dropped in after hours trade after a u.s. magazine chose not to recommend the carmaker's model 3 sedan more details after the break

welcome to "street signs." i'm nancy hungerford these are your headlines european equities trade higher with gains driven by the aut sector after reports suggest china could cut car import

duties to 15%. the right call french telecon stocks rally on a report that the head of the regulator says he is open to sector consolidation sending shares in that sector higher. italy's ten-year bond yield jumps to a high as president mattarella calls for further talks after coalition partners propose giuseppe conte as prime minister and mark zuckerberg prepares to face european parliament as he testifies on the data scandal, but british lawmakers are left frustrated as he declines to answer their questions. welcome back to "street signs. let's give you a view of the equity markets the cac 40 barely in negative territory. the dax reversing earlier gains. you'll see it's the ftse mib today outperforming despite

lingering uncertainties. awaiting a final agreement on this coalition deal for the new government the ftse mib is recovering we're keeping an eye on a move higher in the italian treasury yield. let's check the u.s. markets a big day on wall street yesterday. more green arrows. the s&p 500, the dow jones and the nasdaq all called higher one sector in particular is getting a boost today. you're looking at the european auto names they are rallying on the news that china will cut its import duty on cars from 25% to 15% the finance ministry said the tariff for the cuts will be effective from july 1st and take the tariff on some auto parts down to 6% back in april the ceo of vw praised the new developments coming out of china. >> we think it's a positive move forward.

it should generate additional growth and investment in this country. we are set up nicely in china. we have competent joint ventures, we have a trustful relation over many product life cycles over many years china is specific. so i think alone we would not be as strong as we are. for the moment we don't have any plans to change said structure, but i think it's a positive move for the country to open up more. >> the volkswagen ceo talking about changes to the joint venture structures, though he noted not an immediate change overnight given they have so much local production with their partners still other companies such as bmw, daimler who do export a decent amount of vehicles to the country may see the biggest benefit. last week, we spoke to the head of global automotive research to

evercore who said the biggest beneficiaries would be certain german automakers. >> that's because the americans don't really export cars with the exception of tesla to china. the germans do in a big way. >> u.s. commerce secretary wilbur ross is expected to travel to beijing next week to finalize a trade agreement with china. representatives from both countries claimed successes from the latest round of talks. president trump issued a number of tweets saying china agreed to buy larger amount of u.s. farm and agricultural produce. speaking to cnbc, steve mnuchin remained optimistic on the final agreement. this has been a trade dispute all along. it never was a trade war it's a trade dispute on

significant issues both parties agreed to suspend the tariffs. our 150, their 50. you saw in sorghum they dropped the case on good faith this will be fabulous right away secretary is ross is going over there. in energy, i think this is a massive opportunity for the u.s. to become a major supplier of energy to china. they have incredible amountsof demand at these prices for our shale. this is a great opportunity. >> let's look at wti and brent on the move higher supply concerns surrounding the situation in venezuela which keeps going from bad to worse. the concerns also around the u.s., strong comments from secretary mike pompeo overnight. brent is getting close to that $80 level again, higher by 0.7%

on the session you are still looking at brint high brent higher by 2% our next guest says his fund is investing in stocks based on the u.n.'s sustainable development goals. he likes names like visa, abbott and united health. joining us now is dan rority from alliance bernstein. thank you for joining us today i know you're investing across several sectors, but given we were looking at the uptick in oil prices, highs not seen since 2014, is this providing greater incentives for pushing to renewables now are you seeing that? >> we're absolutely seeing accelerated investments into renewables there have been more new dollars into developing renewable technologies than fossil fuel

technologies so absolutely a trend we've seen over the last few years, and one that we would expect to continue for the next few years if not decades. >> renewables in and of themselves, it's a big area what are the most attractive plays? >> within renewables, wind power and solar power. if we look at something like wind power, a name like vestas energy is a name we own in the portfolio. it's done tremendously well. for wind and solar we've seen the cost of those energy technologies decline relatively precipitously in recent years and new orders for both. they have been strong on a global basis >> any names specifically? >> i think vestas is one direct play on wind power that we think that been attractive

hexcel, another name that most people wouldn't consider a wind power name but an interesting angle, they make carbon fiber composite. that's about 30% lighter than steel but five times stronger, so it's used in airplanes. so they're replacing fuselages and wings with this material so lighter planes use less fuel. that's important from an energy efficient shi stacy standpoint y are also used in making wind turbines when we talk about the u.n. sustainable goals here, big goals set out. how do you get to achieving that goal is this going to require a very big private sector participation? >> it absolutely is going to require a big private sector push the 17 u.n. sustainable development goals, they address the biggest challenges on the planet these are big problems, and

because they're big problems they're going to require big solutions, big amounts of money to solve them. the u.n.'s economists would look at how much money it takes to establish that agenda, they think it's on the order of $6 trillion a year on spending. so where does that money come from philanthropy will play a role, but it's not big enough. direct government spending or rich companies given to poor countries will play a role the only sector conceivably big enough is the private sector >> when it comes to investment areas you're looking at as part of this push, a lot of stuff going on in healthcare that has to do with helping developing countries that don't have access to the healthcare that you do see in the developed world. >> the u.n. sustainable development goals highlight a few important areas within healthcare so one of them is clearly just

broadening access to high quality and affordable medicine. so we can look at a place like india. india is an interesting example. india has been 17% of the global population they have about 20% of the global disease burden, but they only have 6% of global hospital beds that's not a great situation so within india there are names like apollo hospitals which is a name we own. this is the leading healthcare hospital provider in india and they're growing very rapidly. as we see hospital beds and we see traditional or more modern medicine take hold in india, apollo hospitals is the leading provider and will be a big beneficiary of that. >> there's a lot of concern around when it comes to what went on with facebook, data vulnerabilities. is that something you take a view on given that it has a social component >> absolutely. so we do not own facebook in our

portfolios we did we started exiting our facebook position in the fall of last year for a number of reasons. the recent cambridge analytica issue, it is really important for responsible investors. on the one hand facebook provides a huge benefit globally they provide access to information and the ability to share knowledge. that's good. that's a pure good that's aligned with the u.n. sustainable development goals. on the other hand, there are significant issues with data privacy and how they manage their business so there's government issues, risks in terms of data privacy and with foobacebook you need t assess those things. first we know facebook's costs will rise. so mark zuckerberg has been clear about that he expects profitabilities to be significantly hampered by hiring

additional people, having additional data centers. we know costs are going up we think potentially because there's been damage to their brand, and people may want to share less data, that there may be a revenue implication as well >> even though we have not seen a drop off with users. >> so far that's true. since the cambridge analytica scandal happened, mark zuckerberg testified in front of congress, the stock prices have recovered from where it was, and some leading indicators of data usage have not changed gdpr is just going into effect now in europe. i think we still have yet to see how that will impact numbers going forward. >> is this view of yours exclusive to facebook or would you have the same concerns about other social media companies do you hold any social media companies? >> the concerns are not just facebook concerns. data privacy is a broad concern. it's not just internet

companies. we can think of retailers, target jumps out as one with a massive data breach. but data is so pervasive that every company and every sector will have exposure to this risk. it goes well beyond. and i think when we look at companies like facebook or google or amazon or any of those companies, we know no company will be perfect and free from risk the art is to understand what the risk is, to dimension it, understand how it could impact their business and make sure you're evaluating the good and the bad. >> appreciate your time. that is dan rority from alliance bernstein. meanwhile, a key u.s. magazine has chosen not to recommend tesla's model 3 sedan. as contessa brewer reports, it's not the only problem facing the company. >> california highway patrol is

investigating another deadly crash involving a tesla. investigators said the model s appeared to veer off the road, smash through a fence and plunge into a pond. this was in the san francisco area the 34-year-old driver was found seated behind the wheel of the submerged car. investigators are looking into whether speed, drugs, alcohol were factors or whether the autopilot was on the headline comes the same day that consumer reports stopped short of recommending the tesla model 3. part of their review says our testers also found flaws, big flaws, such as long stopping distances in our emergency braking test and difficult to use controls that was in the publication's review it took 152 feet to stop from 60 miles per hour, worse than the f-150, a full-size pickup truck. there were some advantages, agile handling and the battery

duration tesla's own testing shows stopping distances 20 feet shorter decembpending on the tis used musk touted the specs of the high performance all-wheel drive model saying it will go from 0 to 60 in 3 1/2 seconds, reach top speeds of 155 and get 310 miles on a battery charge. he also tweeted the cost of 78,000 without autopilot is about the same as a bmw m3 but 15% quicker and with better handling will beat anything in its class on the track tesla ended the day up almost 3% here's some news for netflix fans guess who's coming

the obamas are landing on netflix. the former president and first lady signed a multi-year agreement to produce films and series for the streaming company. the deal includes scripted and unscripted series as well as documentaries. it did give netflix stock a bit of a boost here. the after hours trade up about 2.3% coming up, facebook's mark zuckerberg faces another grilling over a data sharing scandal. this time in brussels. we'll have more details after this break

happy anniversary dinner, darlin'. can this much love be cleaned by a little bit of dawn ultra? oh yeah one bottle has the grease cleaning power of three bottles of this other liquid. a drop of dawn and grease is gone.

facebook's mark zuckerberg travels to europe this week where he faces a grilling from eu lawmakers over the data scandal. several meps who will question zuckerberg have already taken a tough stance on the tech tighten. guy verhofstadt has asked for more information on how facebook

will implement the new data rules. after the brussels meeting, the tech chief will head to paris to meet with french president emanuel macron on thursday zuckerberg stays in the french capital to atten attend viva tech zuckerberg has declined to meet with uk lawmakers to answer questions about the company's data scandal, but he may still have to answer their queries after british parliamentarians asked their eu counterparts for help damian collins sent a list of questions to members of the european parliament asking them to get answers from the facebook ceo. collins said he believed zuckerberg should still appear before a british panel but if he won't he is asking his european counterparts to get answers.

i'm pleased to say joining us on the line from brussels is a german mep who will be taking part in today's testimony. and with me in the studio is jamie bartlett from the center for the analysis of social media at demos and author of "the people versus tech." let's get out to the mep sir, thank you very much for joining us when you take part in this testimony from mark zuckerberg, what do you hope to achieve? >> good morning. we insisted on streaming this meeting with the party leaders today, so it will not be behind closed doors we wanted the chance for all citizens to watch the questions as well as answers

we regarded it to be the only step of clarification. like us, the colleagues in the of ha -- invissist on having zuckerb in front of the members and that will not be the end of the story today. >> are you satisfied with what zuckerberg said already to u.s. lawmakers? what do you expect to hear differently given the concerns in europe? >> of course we are not satisfied. we too often heard "well, i don't know." meanwhile we have six weeks after the discussion with the u.s. colleagues. so mark zuckerberg should know what happened in his cooperation. we want to know why he did not

warn customers since knowing about malpractice since 2015 we would like to know what he changed in his business model and in the relevant technological practices to live up to european standards it will be a vivid conversation, i guess. >> jamie, your book talks about how we can save the fact that tech is threatening democracy. what should mark zuckerberg do in his testimony >> it's going to be like the testimony he gave in the u.s it's an apology tour in a sense. he's saying, look, you don't need to overly regulate us, or pass draconian laws as a knee jerk reaction, we have this under control. we care about user privacy look at all the measures we have taken. i think the lawmakers into europe will be pushing him on this gdpr, this brand-new data protection law coming in this week it's still not entirely color

how that will play out for the big companies like facebook. they have their enormous european headquarters in dublin. >> udo, are you concerned that companies like facebook are not prepared for these new rules coming in around privacy >> the gdpr is entering force in three days, we are very much looking forward to zuckerberg to explain in which way he's going to exactly apply to that standard we are talking about e--privacy, which is dealing with online shopping, and the way in which that can be abused he has to answer questions of

how to adopt a business model to the legal standards, otherwise there is a conflict, a big conflict >> sir, do you worry that facebook, other social media sites play a harmful role in germany's elections? >> well, facebook and others, what happened, what we know now, has two big question marks first of all, how safe is your personal data, how safe is your personal information about yourself, which is one of the most modern efforts in the world, and how do companies undermine or enable for undermining democratic sovereignty.

we will hopefully investigate. >> jamie, do you think zuckerberg should come to the uk >> i would love him too obviously. damian collins who runs our committee looking into this, they've become very, very tough questioners. they're real experts on this now. i don't think he will, because the level of scrutiny he wouldn't be under wouldn't help his case i doubt it, but i would love him too. >> thank you both for joining us as we await mark zuckerberg in europe that's it for today's show thanks for watching. "worldwide exchange" is coming up next. these birds once affected by oil

are heading back home. thanks to dawn, rescue workers only trust dawn, because it's tough on grease yet gentle. i am home, i am home, i am home - anncr: as you grow older, -your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again? - anncr: prevagen. healthier brain. better life.

sure. mom,what's up son?alk? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. [ chuckles ] download the xfinity my account app and set a password you can easily remember. one more way comcast is working to fit into your life, not the other way around.

it's 5:00 a.m. i'm dominic chu, china says it will cut tariffs on some cars and auto parts president trump is hosting the south korean president today at the white house mark zuckerberg will appear before european lawmakers in brussels today. we still have lava from mount kilauea destroying more homes in hawaii. and the new york stock exchange naming its first female lead ner ier in its 226-year