like this happening again. that's all for this edition of "dateline." i'm natalie morales. thank you for watching. [music playing] ready ready. good morning, e. welcome to "street signs." i'm julianna tatelbaum these are your headlines missouri state police say four officers have been hit by gun fire during a protest as president trump threatens to overrule governors and send in the military to quell the unrest >> if the city or state refuses to take the actions necessary to defend the life and property of

their residence, then i will deploy the united states military and quickly solve the problem for them the dax climbs after reopening from a long weekend as berlin prepares to unveil an $80 billion stimulus plan. auto stocks accelerate with daimler topping the stoxx 600 as buyers look to receive special state sup part shares in lufthansa takes off as the carrier agrees to new terms for the 9 million euro bailout. a warm welcome to "street signs. let's kick off with the top story of the day missouri police say four officers have been struck by gun fire in st. louis and are being treated for nonlife threatening injuries in a sixth night of

protest in the death and killing of george floyd. president trump threatens to bring in the army after accusing local governments of having a weak response. violence marred several demonstrations across the u.s. some with tense standoffs between protesters floyd's attorney brought forward a review after an official autopsy declared floyd's death a homicide for the first time. president trump threatened to deploy the united states army if state leaders cannot contain the unrest curfews being imposed in many capitols trump called the events, quote, domestic acts of terror. >> mayors and governors must establish an overwhelming law

enforcement presence if a city and state refuses to take the actions necessary to defend the life and property of their residents, then i will deploy the united states military and quickly solve the problem for them i am also taking swift and decisive action to protect our great capitol in washington, d.c. what happened in our city last night was a total disgrace as we speak, i am dispatching thousands and thousands of heavily armed soldiers, military personnel and law enforcement officers to stop the rioting, looting, vandalism, assaults and wan ton disinstruction of property we'll head live and get analysis of how the unrest and pandemic will impact the next round of primaries with teaching

fellow looking at early markets in trade. we are seeing green across the board. the german market opened a little catch up trade in the rally. the dax leading the way higher the cac can 40 up about 1.4% we are seeing a pretty decent bid among luxury names this morning. we are seeing a gain in the ftse mib about 1% and the ftse 100 lacking about half a percentage point as the uk is moved to ease the lockdown to some degree in terms of sectors. we are seeing a rotation and the

reopening trade continues to have legs. let's get a look at the dax in particular as you can see, green across the board. every stock here is trading higher this morning. the german government will return talks on the $80 billion stimulus package to support the recovery measures are likely to include cash handouts and funding. auto sector set to benefit receiving special subsidies and new buyers gaining special added premiums we have seen a strong bid for the automakers we have seen bmw shares up 6% and daimler shares strong in demand for the german auto's names on the back of the french government about the 8 billion support package for the french auto sector.

let's get out to annette if you can run us through the latest with lufthansa whose shares have begun trading on the tail of the 9 million euro stimulus package >> clearly there are loads of ideas on the table what happens today at 2:00 local time will be a big gathering at the haeead of the coalition in the end, they will discuss allocating the $100 billion euros. obviously, there is a lot of discussion surrounding the sector and the economy there would support for cumbustion

engines withsteam and the financial crisis the social democrats are insisting that subsidies should only be handed out for environmentally especially electronic vehicles. there is loads of room for discussion and disappointment. i cannot only see that they are handing outcome -- cumbustion schemes. angela merkel suggesting this should also look to future industries which bring germany also -- the modernized germany and the digitalized germany

because that is where we are lacking behind in the global comparison it is just the start of discussion where we see the end of the discussion to bring lufthansa in is with lufthansa. we have the supervisory board agreeing to the deal of the commission is presenting now to the carrier and that was a positive not a surprise but a relief i would say over the weekend that supervisor visory package. according to reports that lufthansa is running out of cash by june 15 for those share holders to say yes despite the fact that those shares would be heavily diluted. >> a rumbling in the background,

u.s./china relations continues to bubble up they've asked companies to stop purchasing soybeans and pork from the u.s we have this report. >> china has reportedly told large state-owned firms to stop buying u.s. soybeans and u.s. pork in response to donald trump's comments over hong kong last friday. since he made these comments, chinese importers have canceled large shipments of u.s. pork at the same time, state-owned companies have bought $1 billion in soybean cargo certainly the calling back of purchases by china could bring

back some of these nerves as it does raise serious questions over the future of the phase one trade deal under that, china had promised to buy an additional $200 billion worth of goods china is lagging behind in its purchases of u.s. goods. that is creating a few concerns about this phase one trade deal. we do know it was signed in january and we need to take that into consideration that was brought into effect in the outbreak of the coronavirus. that could have slightly impacted things. even before, economist had been skeptical whether they would stick to the end of their bargain. they would go to find cheaper alternatives elsewhere

we have seen reports of going to snap up soybeans from brazil that does reiterate some of that skepticism over how real that was. white house leader larry kudlow said that was instekt at this stage. certainly these reports today in terms of the reaction. some are seeing this as a political warning shot to the u.s. and perhaps even trying to pressure american farmers as president trump heads into this important election in november on the back of that report, the u.s.-china relations there has actually not driven a strong demand for the u.s. dollar which we usually see in periods for

the escalated certainty. we've seen the dollar index come off in recent weeks. taking money out of the risky market now when investors have put the money back to work, we have seen a pull back in the index the euro a little lighter than the dollar but has been very strong since the announcement of the budget and $750 billion euro recovery fund eyeing the euro and talking about the reduced tail wind and pointing out that sterling has risen in the last 5 of 6 sessions sterling trading strongly against the dollar at around 1.25 to talk all things fx, let's bring in jane. if we can kick off with the

dollar, it has been interesting to see despite the tensions in washington and all of the social unrests with the protests taking place in the united states we are not seeing renewed appetite for the green back. what does that tell but investor positioning and the way investors are thinking about the future >> you've already said it that the market is really focused on the reopening trade for now. you can take this as really amazing when we look at the huge amount of risk we have on the table as we mention that tensions between the u.s. and china probably going to worse into the u.s. election we've got riots in the streets in the u.s. and rising unemployment of course in europe and elsewhere. you have this trend towards pulling or moving away from globalization, which has started last year during the trade wars. that is likely to be accentuated

by the coronavirus and countries trying to take effect. with respect to medicine and food all of these are disruptive for the supply chain and where the company reports. yet, the company is extremely focused. we have a huge amount of monetary stimulus and fiscal stimulus for those, it is quite likely this year. we will see more in terms of more stimulus and the markets are closed on that you've got to ask a question, you've got to carry on or is the bad news at some point going to tip the balance and are we going to see that direction and move back towards the dollar and the yen. >> can i just ask you about

cable at this point because we've seen the pound push back here there does seem to be some optimism, i guess, as reported by the times and other outlets that there are going to be concessions in the next round that will be pushing the pound higher here. what is your analysis on this and would you be a buyer or a seller at 1.25 factoring in that the dollar is weaker here. that is one of the reasons on the move of cable. sterling is stronger on the optimism if we look like at the economy we have plenty of reason to be skeptical as to whether the eu and the uk will be thrash out details. they were not good

neither side was optimistic on this we had the uk last week reiterate we will not be asking for the extension in the transition phase towards the end of this year we have the possibility that we will have confusion at the borders at the start of next year that we will have the trade deal between the eu and the uk that could add to the scarring of the economy talking about that scar and the fact that we have such a high mortality rate in the uk analysts could be less willing to go back into the workplace and to shops we've seen that with teachers and parents reluctant to go back to schools despite the reopening this week. that could lengthen the conditions in the uk that means the bank of england and the government may have to

do more. that leaves the possibility of maybe negative interest rates on the table for the uk another negative factor. if there was a deal this week, yes, i would be buying the pound. to be honest, there is a strong risk that they don't manage to pull that one off. >> just looking at the euro dollar, we are one spot there. there seems to be a dead heat at the moment there is this ecb meeting tomorrow some optimism, i guess, for those who want to see it that we'll get increased announcements on qe. is that a positive for a negative for the euro. >> i think for the euro, anything thatwould be seen as promoting growth right now anything on the fiscal front, you are right there is a lot of

attention. looking at the restrictions from that german court judgement. that will be quite interesting too. if you look at the budget proposal last week and we have merkel talking about the stimulus too we've seen spain and others with deaths yesterday and massive relief to that country as well a lot of good news coming from euro the dollar weakening with a recovery in the stock market is the other side of that equation. we've got to wait and see whether or not the markets will carry on or whether those head winds will get back to them. >> i want to sit with the euro side of that equation. a lot of the commentary is talking about reducing the down side tail risks on the back of the proposal and recovery fund is that how we should think

about it that it reduces the down size tail risk or on the other side, that's what the recovery fund is really targeting. if that fund is passed by 27 different nations in the eu, that could be a game changer it is a current region, the eu i think it has performed really well we have a lot coming back from that period. a lot going into the euro. if the euro is really going to push back to fair value against the u.s. dollar, which is a long way from here, i think we do need a shift in the politics certainly, if we did have more signs of willingness, i think that could be a game changer that is still an if at this

point. plus all of the 27 different nations. if we look at the history, we generally have the trading and muddling through we know we have some option. opposed to the idea of grants for some european countries and see the option if we do have the best cased scenario here ratified quickly, that could be a game changer i'm very skeptical of that to date >> very clear on that. head of fx strategy. the uk prepares for post peak life and hopes to relaunch stalled brexit negotiations. i love these fries. you know, the chef here trained in france.

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welcome back to "street signs. in the uk, prime minister

johnson and eu commissioner are expected to hold a fresh round of brexit talks later this month as negotiations have floundered over negotiations over fisher s fisheries. excludeing certain nations with low coronavirus infection rates. conservative mps have amount the the measure of the so-called transpo transport corridors. >> steve, this is a very controversial quarantine shut down and the question of why these were imposed before. how much of this is to innocent advise britains to stay in the uk over the holiday.

>> julianna, i'm absolutely appalled by your cynicism. i have to say i totally agree with your cynicism i had the same thought myself. all we seem to get is the government bemoaning that there are hundreds of thousands of people sending themselves to port moth beach, brighton beach. the uk is a very small island. the fact of the matter is, britain since the staurt of the lockdown has had no quarantine for people flying in from the rest of the world. through the whole peak of the crisis, which apparently, the

first wave, we appear to be on the back end of. through the entire period of late march, whole of april, whole of may and early june, we still don't have this 14-day quarantine where people coming into the country have to isolate themselves backed by the prime minister, they've determined to bring this in on june 8 and it appears that finally some of the mowning from industry and partners is finally seeping through. it seems we may get this scheme started in june 8 and june 29. there will be exempts coming in. depending on things remaining on how they are with the trajectory of covid-19 creating air bridges with countries such as spain, france, italy, greece, portugal.

the government having to defend itself about its broader strategy not only about the quarantine but the pace of the shutdown the mile line queues in the newly opened ikea. let's listen to the talk about the uk state of easing and he mentions a few comments about the quarantining >> it is absolutely safe we have a plan we are sticking to we are now at the stage of that plan where we can get our lives back to normal that isn't an overnight big bang thing. it's measured and progressive. we are started with covered markets and car show rooms we'll get the shops open and we'll begin to get money more

restaurants and pubs open as well >> about to unveil the latest job figures here, the furl owe scheme i'll hand it back to you >> you are rubbing off on me i'm pleased to see you have had a bit of an impact anyway. pushing on, italian airline alitalia will begin resuming flights today around europe and to new york. receiving a bailout after the fleet was grounded during the height of the pandemic it will increase flight activity to 40% of capacity by the end of the third quarter. greece is shelling out a recovery package one sector in particular in focus is tourism where revenues totalled $19 billion in 2019

highlighting the importance of the sector and the plans to reopen for business. >> the percentage of this year of 2020 economic decline depends to a great extent on the performance of tourism the good government has prepared to the packet. to strengthen health care package. to offer safety to visitors and employees through the application through the whole cluster on support of businesses that directly or indirectly rely on tourism french caves and restaurants will reopen as the country enters its next phase of deconfinement. strict social distancing measures will take place with a one meter gap between tables groups will be limited to 10 people and outdoor seating will

be the only option in parts of paris. schools and colleges will reopen with 15 students per class french financial minister said the government would help fund the hospital at industry until the end of the year as caves and restaurants across the country reopen today spain reported no new deaths from covid-19 on monday for the first time since early march the death toll remained unchange at just over 27,000. the number of new cases increased by 71. we'll squeeze in a quick break coming up, protests continue across the u.s. as president trump continues to use the army to quell demonstrations. 300 miles an hour, thats where i feel normal. having an annuity tells me my retirement is protected.

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welcome back to "street signs. i'm julianna tatelbaum and these are your headlines missouri state police say four officers have been hit by gun

fire during a protest as president trump threatens to overrule governors and send in the military >> if a city or state refuses to take actions necessary to defend the life and property of their residents, then i will deploy the united states military and quickly solve the problem for them the dax drives european equities higher. berlin prepares to unveil an $8 billion euro stimulus plan to support the post covid recovery. german carmakers and buyers look to receive special state aid. >> shares of lufthansa takes off as it agrees to new terms of the $9 billion euro bailout which meets approval from the regulators

u.s. president trump has threatened to deploy the u.s. army if state leaders can't contain the violence unrest over the death of george floyd escalated despite curfews being imposed. early this morning, four police officers were reportedly shot in st. louis. trump calling that these acts of terror >> governors must establish an overwhelming law enforcement presence until the violence has been quelled if the city or state refuses to take the actions necessary to defend the life and property of their residents, then i will deploy the united states military and quickly solve the problem for them i am also taking swift and

decisive action to protect our great capitol washington, d.c. what happened in our city last night was a total disgrace as we speak, i am dispatching thousands and thousands of heavily armed soldiers, military personnel and law enforcement officers to stop the rioting, looting, vandalism, assaults and the wan ton destruction of property >> police used tear gas to disperse peaceful protesters outside the white house after 48-year-old floyd was killed at the hands of a minneapolis officer last week. a curfew was in effect in new york city and set to be in place for the next two days as police warn of growing violence reporting that at least 200 people have been arrested.

>> what started in minneapolis has spilled into large-scale demonstrations in cities throughout the country our nbc colleague joins us now from washington, d.c chris, break it down for us. what is the latest in terms of the protest and also president trump's latest response? >> hi, there it has been the seventh night of protests last night. in washington, d.c. area, it was the fourth night of protests what was remarkable about last night's protest, about 25 minute brz a mandatory curfew took effect, it was peaceful. protesters were said to be peaceful on the square out side the white house. then about 25 minutes to 7:00, federal officers and national

guard members moved on the crowd firing tear gas and rubber bullets pushing them back. people were stunned it took place at that point because things were not escalating after the president made a statement calling himself the law enforcement president and said if city leaders couldn't get control of the protests in their areas, then the president and members of the cabinet and staff walked off the grounds and across the street to the church of the presidents. it was damaged by protesters the nights before. the president accused by democrats of staging a photo opp there using federal enforcement officers to push back protesters merely so he could take a photo op that is the criticism he's

getting today from members of the clergy and from congress today. >> thank you for bringing us the latest so early live from washington, d.c. trump's presumptive opponent in the upcoming election joe biden could officially clinch the nomination today as eight states hold their primary. bernie sanders ended his campaign sanders will remain on the ballot the former vice president will still need to win the required number of delegates before receiving the nomination let's bring in teaching fellow at ucl dr. norman, thank you for joining us today so much going on in the united states first, i want to get your reaction to president trump's handling of the protest. he's come under the spotlight

for the lack of the national calming response historically speaking, the u.s. president might take this as an opportunity to try to exert calm over the nation. president trump hasn't quite done that. how important is the president's response and the language he's chosen to use. >> as you noted, this is a different kind of response we've seen in the past comparable crisis normally, you would see a president if he wanted to try to show compassion and unify the country to bring a sense of calm and leadership what we heard in trump's comments was really the opposite of that. the policies and calling for military deployment to counter some of the protests and suggesting measures that go

beyond the scale of what most people think is necessary right now. >> when we talk about the market perspective, the significance of these protests and analysts are pointing to the impact on the election joe biden doesn't necessarily have the ringing endorsement of democrats for his stance and position when it comes to racial issues if you look to president obama's presidency the black lives matter kicked off during his presidency. what does this mean for joe biden? >> sure. people will be looking to biden to also step up in this moment when he does clinch the official nomination and get into that space biden has had an up and down record on the role that he

played when released with some progress made on these issues some policies put forth being voiced now really crucial that he finds the voiz to communicate that effectively. right now with more support, there is not a lot of enthusiasm for him now if conditions continue to sustain. >> dr. norman, we've spent a lot of time looking at mr. trump's response to this but his response to every situation is surely not only about getting the base on his side, which can ask there regardless but it is about the 15 to 20% that will be swinging and how it plays with them. i'm presuming that he believes a very hard-lined response will

swing his voters that way. >> that's it we heard him say, i'm the law and order president. trying to frame some of the violent protesters as terrorisms these are rather traditional ways of framing to try and get broader level of support beyond the base suggesting that this is a security issue, a terrorism issue and that you need law and order to back that up. questionable and has been push back already from former military levels from the kind of escalating language in ways that are quite rare yet of course, we are always told the economy is stupid is it still and about the horrendous policies. is it turning to more about issues of law and order or is it

more of a transient issue. the protests themselves are happening on the back drop of the corona crisis we see in the u.s. as a result of that going into this year, one of the main claims was that the economy was doing well that was a big advantage for him going into the election year with the economy on an unprecedented level, that will be very challenging for them to overcome in ways he would suggest would bring it back before november. >> in terms of the current state of the economy and the fact that nearly 40 million americans have filed for unemployment since the outbreak began what is the risk that people focus so much on the desire and need to see the ee condition my recover that they prefer to just stop the protests at all costs

on the back of the decision by beijing. talking about the business community. how does that factor in to the u.s. contingency >> many want to get that in place whether or notes it the coming out of the crisis that also needs to be in line with the democratic principals if that tips to the point of being too heavy handed, that will not bring stability they bring some short-term stability that will create more unrest there beneath the surface. >> lastly, coming to the

primaries today, why are they significant given that bernie sanders has stepped down and joe biden is the presumptive nominee. >> it is sort of symbolic that he needs to get to the threshold of the votes the primaries include a lot of state and local races as well. so there are still candidates being decided at that level and on a more procedural level voting by ballot rather than in person more of those lessons that needed to be learned looking at that reality >> the focus and given the feud

fuelled. dr. norman, thank you for joining us a number of facebook employees have staged a virtual walkout in protests on the company's stance on recent posts by president trump they believe a post from the president that said, when the looting starts, the shooting starts facebook has so far left the same statement up. the ceo mark zuckerberg plans to hold a town hall with staff to address the issues >> written staff e-mails for more, check out cnbc.com carrie lam has accused the u.s. of double standards speaking for the first time since the government said it would remove the status.

saying washington looks through tinted glasses when assessing national security of other countries pointing to protests within america itself. >> translator: foreign governments have been responding in a high-profile manner some have threatened actions and i can only say that they are adopting double standards. for the security of our country, especially the situation in hong kong, they look at it through tinted glasses we have recently seen these kind of double standards most clearly with the riots in the united states we can see how local authorities have reacted last year, when we had similar riots in hong kong, what was their position >> s&p global has warned it may lower its rating on hong kong. president trump has called on

his administration to begin removing hong kong special customs status and plans on china to impose new security on the city a check on european markets. green across the board with particularly strong gains in the dax. a little catch up trade there as the rest of europe rallied the cac 40 bouncing about 2.5%. it is now trading about 25 basis points higher versus the dollar discussing earlier on that the euro, many think there is now a floor under it with the commissions and proposal for the recovery fund. we have the ecb meeting and positioning taking place there let's get a check on the u.s.

futures. the dow jones looking to open about 142 points higher. yesterday, european markets outperformed the u.s. market we also saw the continuation of rotation out of growth stocks into more valued stocks. in part of the reopening trade taking place on both sides of the atlantic coming up, apple looks to slash prices the world's second largest economy in recovery mode you doing okay?

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welcome back to "street signs. let's look at u.s. markets we did see green across the board suggesting wall street little affected by the negative news flow by the news taking place across america the u.s. underperforming what we saw here in europe yesterday let's look at apple shares yesterday, apple had the most positive impact. shares rallying 1.2% we have fresh news out of apple.

the company slashed the prices ahead of new phones. price reductions appear on the websites the official chinese site does not show similar adjustments the tech giant has seen sales bounce benefitting from a resumption of business activity. a great report on our website. geoff, interesting that you and i were talking about the efforts to support the jobs market with the attention being to spur consumption as we plook to come out of this recovery it looks as though the chinese are buying discounted iphones. what is your take on the story >> it is a schrewed move by

apple. hoping that they'll be one of the beneficiaries there are reports suggesting an anti-american move at the moment by some products i have heard some have been penalized buying apple on social media. we'll have to see what happens here for those interested in apple, take a look at the barron report one analysts suggesting that ultimately this stock or company could go to $2 trillion market capitolization and the multiple expansion. i thought it was fascinating and may make those who didn't buy stock for $240 in march wonder how much higher this company can

decline before we see any significant correction for u.s. tech stocks at this point. interesting things to contemplate about apple and where it will go next. >> interesting talking about the broader markets and the rotation of growth stocks into valued growth if the market we are certainly seeing that take place in europe another day. thank you for weighing that in let's take a quick look at u.s. futures before we hand you over to the u.s. colleagues the dow looking to open about 130 points higher. that's it for today. i'm julianna tatelbaum "worldwide exchange" is coming up next.

it is 5:00 the nation facing more impact from the protests and violence rocking cities for the seventh straight night >> dominate the streets. strong language from the president. facebook on notice hundreds of employees staging a virtual walk outas mark zuckerberg prepares for a company-wide town hal. >> from retail to new york another night of destruction