sammy: it's my burger. it's my burger. lemonis: everybody's kind of yelling and complaining and arguing. tranchina: don't tell me why it came this way. just fix it. this is embarrassing. the whole restaurant's embarrassing. lemonis: this business would be best described as a lot of personality and not a lot of process. sammy: so, that's the texan. you have bacon. you have fried onion ring, lettuce, barbecue sauce, american cheese, and cheddar. lemonis: which is -- which is this one? tranchina: that's the double standard. it's basically a double cheeseburger. -lemonis: what's in here? -sammy: that is the omg burger. jalapeÑos, american cheese, crunchy onions, and you have plantains. lemonis: honestly, i would say the burgers are average. [ chuckling ] i mean, i have to be honest with you. these burgers and the menu concoctions -- they sound like college-campus drunk-burger concoctions. sammy: we'd be painting a wall and talking about, "hey, let's do a brunch burger. let's do a burger with a fried egg on it." lemonis: "all r

to the burger boys. -all: burger boys.onis: six months and about a half a million dollars later, we're just about ready. ♪ today we're at "time out" magazine's battle of the burger, and there's about 50 restaurants here competing for one prize -- best burger in new york city. joe t.: so let's rock this out. let's show everybody who we are. [ cheering ] [ whistling ] lemonis: the business plan is to launch standard burger into other markets through a franchise model. and so, when you can get recognition as the best burger in new york, that bodes very well for getting potential franchisees. come on down! try the standard burger! joe t.: has everybody got a chance to try the texan from standard burger? lemonis: everybody was out there, fired up, promoting it, getting excited. what do you think? -man: oh! lemonis: you see? it's good. joe t.: best burger here. come in and give it a try. -lemonis: come on down! -joe t.: we got a line going. lemonis: standard burger! we were going up against some real competitors. i was nervous.

interview with burger king u.k. is next. bloomberg. ♪ francine: economics, finance, politics. this is "bloomberg surveillance ." let's get to first word news in london with dani burger. dani: china is racing to control a new coronavirus out rake in beijing after the biggest rise in new cases since mid april. surrounding houses and markets have been locked down. it is the largest test of the country to contain the virus since it first emerged in wuhan. according to larry kudlow, growth in the u.s. is recovering and there is a good chance of a v-shaped recovery. president trump's chief economic advisor rejected the more cautious outlook by fed chairman jerome powell, saying his comments had been remote roast that had been r in a speech to the nation on sunday, emmanuel macron said the country is ready to turn the corner on the pandemic. restaurants and bars are reopening in paris, and all schools will resume next week. atlanta has become the focus of the nationwide black lives matter protest. that is after a 27-year-old black

here is dani burger.ent donald trump says the deal -- phase one trade deal with china is fully intact. that follows confusion overnight after comments from his trade advisor. peter navarro spoke to fox news, indicating the deal was "over." he quickly walked back the comments, saying they had nothing to do with the phase i deal and were taken out of context. the european union and china sparred yesterday as the two sides held a high-level videoconference. tensions have grown since the last summit 14 month ago. the bloc's leaders criticized china's plans to curb hong kong's autonomy. singapore is calling on election with the coronavirus pandemic set to be the defining issue. the city state has more than 42,000 confirmed cases. last week, relaxing its restrictions even further. with his trade-dependent economy, the nation's continuing to feel the heat. the prime minister will seek a new mandate to govern during the pandemic fallout. global news 24 hours a day, on-air and on quicktake by bloomberg, powered by

let's get more with dani burger.bring you the date is -- the latest details, that is why they would be implied -- applying for insolvency why liabilities are exceeding what they have in outstanding loans in terms of cash flow. it is not surprising where we are seeing more people jumping ship from softbank. this comes after 2 billion euros was deemed missing from wirecard's balance sheet or should have been on the balance sheet, was unable to locate last week. this week the company says it is likely it never existed as all -- at all, and the former ceo being arrested on charges of suspected manipulation of sales. one of the things wirecard had been dealing with with negotiating with its lenders in order to get an extension of its loans that were due -- by missing filing their earnings last week, it meant that they were breaching the terms of their loans. so it is not just this regulatory issue, not just this whole, it is this outstanding loans are going to be an issue for wirecard when it looks like cash from might be

here is dani burger. disappointing crowds for donald trump's first campaign rally since the virus outbreak. the event in downtown tulsa attracted far fewer supporters in the white house had touted. it was overshadowed by continuing criticism of the president's response to the pandemic and his reaction to protests against police brutality. >> you are warriors. thank you. we had some very bad people outside. [cheers] we had some very bad people outside. they were doing bad things. i stand before you today to declare the silent majority is stronger than ever before. [cheers] dani: china has confirmed its proposed national security law would allow beijing to override hong kong's legal system. the announcement sheds new light on a move that threatens the city's status as top financial center. state media says the proposal will give the central government jurisdiction over an extremely small number of national security cases. a major shift for the bank of england. governor andrew bailey is stressing the need to

in the meantime, burger king not just because my wife says you have better fries than mcdonnelr done's but the numbers. >> we've done great work with burger king and franchises and folks in the restaurants have done an incredible job working through the pandemic in the early days through takeout, delivery was a big part of the business we had been investing on digital. our dig taital teams developed a great app that connected well with the third party and now we're doing our own delivery through our own app and that's been -- the work that we did 18 months ago, two years ago and we've been working on through march was really insurantrumentn getting us going and hoped us come from minus 30 when the pandemic hit here in the u.s. for burger king, we kept creeping up and now we're right around flat which is a good place to be, not where we want to be long term. we think we can grow this business in the u.s. as we're growing internationally and we think we have a tremendous opportunity with b.k. but proud of the work the team is doing and the tech side of it is instrumental, delivery and

let's get to first word news with dani burger.hina is escalating virus measures in beijing, closing schools and shutting food markets as it struggles to hold a new outbreak that has spread to neighboring provinces. residential compounds in high-risk areas have been closed to visitors, and only those who test negative can leave the city. visits in and out of the capital have been canceled. the u.s. economy has a long way to go. that is the message from jerome powell, who gave it while testifying before the senate banking committee. saidenate banking she there would be a period of significant improvement, but it would probably leave the labor market short of levels seen before the pandemic. germany is hitting the bond market again. the country is selling its second round of debt in days after drawing over 31 billion euros of orders for 30 year bonds last week. it is offering 5 billion euros of its edge mark bund today, the the -- northn as korea says it will deploy troops into areas outside the demilitarized zone, further escalating

dani burger joins us.ect has been the rise of the retail trader chief brokerage account. how often do you hear this as an explanation of what is going on? dani: people love to debate about it. it is an obsession of wall street as of late because it is time, its individual traders are likely at home using these sheep broker accounts, robin hood being one of -- these cheap broker accounts, robin hood being one of them. we see option volume picking up. they are only 2% of the overall trading volume, so really just a drop in the bucket. markets did a study and found a negative correlation between stocks that the crowd tends to buy, the price action following after, there is a huge spur of that falling. there is not much of an impact, francine. francine: dani burger there with the latest about some of these markets. 36% ind plunging some frankfurt after renewed reporting. we have brought you a lot of news on wirecard. we will continue following wirecard. this is on spurious balance sheet confirmation. this is b

here is dani burger.t takeaway agreed to buy grubhub for 7.3 billion dollars, creating one of the largest meal delivery companies. it gives the european company an entry into the u.s. market. the purchase also sidelines huber, which has been in takeover talks -- uber, which has been in takeover talks with grubhub for month. debt for months. checking stocks in the region has munched a record number of inflows. enjoyed five straight days of injection, totaling almost 1.7 billion dollars. jp morgan itself is the biggest holder of the fund. citigroup traders are on track to have their best second quarter in more than a decade. trading revenue is expected to climb by about 40% in the current quarter from a year earlier. fixed income is driving much of those gains. that would put revenue over $5.7 billion. and that is the bloomberg business flash. francine? francine: thank you so much. let's get the latest on the coronavirus in the u.s., a surge in cases in some case causing concerns about a second wave. do inf

burger burger i do have a very automotive yeah that's the 1st. of the months of resentment of the market call a. cell phone assured us. was settled at last by miss loveliness commission itself and then when the calls on several hours i think well he said no we're not going to. obviously bergen. for 300. this month as i must. know of only some of. the most of the things i've done some as a. student. to have but then it was from the sale of in does not mean conduit not on shelves i thought maybe when i was on the lawn started on some of the sponsors. have become something smart as it was to flesh this image of especially most of us will give you some of it on mars i don't give a mutual. in school from those muslims. who are also big dumb muslims for from fans it's they are. far more on the low to no doubt and feel. those issues than the 1st one knish true then it's good for. the movie it's got the name bubba shucks just as i suppose if a. bunch of the saw of stuff about us officials much more loads a place that's good for the. bottom up in lots of

here's dani burger.ani: the global economy is recovering slower thanvw expectd and will bear lingering scars from the coronavirus pandemic. that's according to the international monetary fund. the imf is set to release its growth projections june 24 and they are likely to be worse than the 3% contraction it predicted in april. the u.k. economy shrank a record 20% in april, as businesses reeled under the coronavirus lockdown. the contraction follows a 6% drop in march. the figures come in a difficult week for the prime minister. he is under pressure to reopen the economy quickly while facing criticism for his handling of the crisis. houston may be approaching the precipice of disaster. that's according to a senior local official. the city is close to re-imposing stay-at-home orders as the number of virus cases spreads. the warnings highlight the danger of a second wave of infections the on the initial hots -- beyond the initial hotspots. wave,f there is a second the u.s. can't shut down again. that's acco

let's get straight to the bloomberg business with dani burger.i: wirecard shares are plummeting for a second day after two asian banks that were supposed to be holding about 2 billion euros of missing cash denied any business relationship with the german payments company. wirecard has -- had earlier suspended its coo. of the worst stock slumps in german corporate history. ing has appointed steven van rijswijk as its new ceo. he is currently the bank's chief risk officer and a member of the executive board. he succeeds ralph hamers, who left ing to take a top job at ubs. facebook has pulled a trump campaign at for using nazi symbolism. the post included an image of an upside down red triangle, which the anti-defamation league said was used to identify political victims in concentration camps. the trump campaign said it used to the symbol to signal a relationship to antifa, a loosely organized anti-fascist group. that is the bloomberg business flash. francine: stocks are rising, u.s. equities are up. investors are focusing on everything that has ha

burger burger i do have a very odd a mug yeah yeah that's the 1st. one of the months as a result of my brother mark call a. cell phone a sheet of us. was settled at last by miss loveliness commission itself and then when the calls are up i think well he said no we're not going to. bob 1st birthday. part time to get out of this but. there's. no problem with. the most of the things i've done some of. the students. but then it was from the sale of india's not my consulate not on shelves i thought maybe when i was on the look on started on some of the sponsors. because something struck as it was to flesh this image especially the muzzle of the muzzle business of what i was given usually. in the school from those muslims. who are also big well done muslim for from found 60 are. far more on the low to. feed those issues than the 1st one knish true then it's good for. the movie it's got the name bubba shucks just as i suppose if a. bunch of the saw of stuff about us officials much more loads a place that's good for the economy of the. bottom it's a meatball

jillian: burger king has a new menu item. >> janice: burger king was adding meatless sausage, this is sandwich with eggs, cheese and plant-based patty, there is a partnership with impossible food, the impossible whopper. duncan debuted its breakfast sandwich, 90% of consumers bought a burger last year and also ate meat according to the groups. not that everyone ordering this is vegan. they are trying something new. jillian: i don't get down with all of it. have you tried it? i like other veggie burgers better. rob: they are not supposed to be that good for you. thank you so much. jillian: donald trump accusing the media of covert shaming after they plan to hold a rally this weekend, the media can't pick and choose outrage over big events. rob: let's check with steve doocy who i saw walking down the hall wearing his mask. >> i've got it here somewhere. back in the world headquarters with you, good to be back after a long time away. 15 minutes from now. coronavirus increasing across the country as lockdowns continue to ease. how can you stay safe going forward, doctor oz will join us be

burger king is hoping this will boost their breakfast sales. now i'm going to try that meatless sausage. we'll have more for you right after the break. >> solve your consumer problems. contact nbc bay area responds today. >> we've got some comedy relief coming for you. >> and a friend in's inspiring story of losing weight and gaining confidence. it's all happening on "california live." do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. >>> well, fortunately, there is time right now to sort some things out when it comes to the nba. this is before the season gets started again. that's because right now the league may be dealing with some unresolved issued. so over the weekend the league sent a memo to 22 returning teams. remember the warriors, they are not among those teams. that memo lays out guidelines including testing to the leadup to the july 9th start date. but

do you want a burger or hot dog this sunday? >> i want both. >> all right, anything you ask for this father's day. >>> coming up steph curry is sending a message to other athletes. how he's challenging them to help lift the black community. when we closed our doors in march, wynn committed instantly to keeping all 15,000 team members on-board. we then focused our five-star level of service to all who needed it. we made improvements to people's lives. we strove to be better and we made people happy. this closure may have temporarily taken us out of wynn and encore, but it couldn't take the wynn and encore out of us. and now, we are proud to welcome you back. and comfortably shop over a million square feet of in- stock flooring! our expansive store is fully equipped with safe distancing guides, so you can browse our wide aisles and be amazed with our even wider selection. or easily order online, and pick up all the products you need for your flooring project curbside! so come discover the perfect floor at the perfect price in what

giant processes every year in germany alone it now offers a vegan burger as part of the standard menu. it's fried separately for meat products so it is officially begun. what does it consist of we wanted to know . emphasis on picky it's a pedal based on saw and we thought that looks very neat like and has a relatively meat like taste a lot to expect it is i suppose customers have asked for it 10 years ago talk to them i could have made it sooner. today the stage seems to be set for meat that isn't meat. and that has turned soit from the villain of the piece to a star among crop plants. it's so protein rich that it's far too valuable to be used as animal fodder. here soybeans are being milked for use in tofu. in the next step will be he says and press to create a mass that can be seized and informed into any shape. and i'm thinking of your mom obviously a boy in the beginning our company developed our own tofu sausages to allow people to make an association with something they already knew that you want to make it easier for them to switch. banks and other things but now it's important

let's get to bloomberg first word news with dani burger.lddowns across may have prevented about half a billion coronavirus infections, according to the first peer-reviewed analysis of the impact of health policies. it comes as the world health organization says people without symptoms passing on the virus is very rare. it contradicts speculation about the prevalence of so-called asymptomatic transmission. in the u.k., oris johnson will talk's cabinet through -- boris johnson will talk his plans of easing restrictions. with london reporting no new fatalities, the u.k. is still on schedule to reopen non-essential retailers on june 15. north korea is cutting communications with the south over what it calls hostile acts. the statement appears to refer to leaflets critical of kim jong-un being sent across the border by anti-pyongyang activists. the nations are about to mark the 20th anniversary of the first summit between their leaders. there were hopes this could be a moment of reconciliation. and it is official -- the record ing u.s. expansion

burger i do have a very odd a mug yeah yeah that's the 1st. one of the months as a result of my brother mark call that. the holy shit of us. was settled at last by miss loveliness commission itself and then when the cuts are up i think. the same. one somebody is no more nuts on the bulletin bob or suburban. for 300. his mother there's a muslim. no problem with. the dumbest in the things my god some of. the students. but then it was from the sale of india's not my consulate not a shots i thought maybe when i was on the lawn started to not sponsor. no become something smart as it was to flesh this image of its national muscles i was lucky because my dumb arse i didn't give a mutual we. the school from those muslims who threw us a big well done muslim for from found 6 you are. far more on the low to no doubt and fear there was this for the 1st time nish true then it's good for. the movie it's got the name bubba shucks just as i suppose if the. bunch in him is the soul of stuff about us of flesh not much more loads of flesh that's good for the eco

because there is no burger inn west end without the support. when you put out good energy, it does come back to you. >> reporter: and you know this dallas neighborhood isn't the only place feeling the love. there are communities coming together from all around the country to help these businesses that were damaged get back to life, getackin o oe rdest-hit a in minneapolis so far, more than 53,000 people have donated, garnering more than $4 million so far. >> that was mireya villar did you know that feeling sluggish or weighed down could be signs that your digestive system isn't working at its best? taking metamucil every day can help. metamucil supports your daily digestive health using a special plant-based fiber called psyllium. psyllium works by forming a gel in your digestive system to trap and remove the waste that weighs you down. metamucil's gelling action also helps to lower cholesterol and slows sugar absorption to promote healthy blood sugar levels. so, start feeling lighter and more energetic... by taking metamucil every day. we hwe

let's get to the first word news with dani burger. president trump is weighing an infrastructure proposal worth nearly a trillion dollars to spur the u.s. economy, according to bloomberg sources. the plan would reserve most of the cash for traditional work like roads and bridges, but phones -- -- funds would also go to expanding wireless and broadband. the federal reserve will begin buying individual corporate bonds. the central bank will purchase debt under its secondary market corporate credit facility. -- emergency lending so far the fed will base its strategy on a yandex that it created internally. the supreme court has ruled that federal law protects gay and transgendr workers from jobs discrimination. peoples millions of lgbt civil rights that have been seeking for decades. the 6-3 majority ruling means gender identity will be covered by a long-standing federal law that bans sexual discrimination in the workplace. explosion were seen rising from an area close to the kaesong industrial park, just jointly established with south ko

here is dani burger. tiffany has persuaded landers to grant more financial flux ability, a key step toward keeping its $16 billion sales on track. onporarily raising the limit the company debt to earnings ratio. any breach -- chief executive is stepping down after controversial comments on the george floyd protests. in response to a tweet calling racism a critical public health issue, greg glassman described floyd-19, like covid-19. glassman says he is resigning for creating a rift in the crossfit community. is to plan toion cut as many as 80 staff. sources tell us the planned number of layoffs has expanded in recent days, and since around 15% of the work force. parent come softbank reported a loss of about $13 billion last month. that is the bloomberg. francine? francine: thank you so much. let's discuss the future of retail, world's biggest fashion seller has reported its first quarterly loss since september. into text fell my -- ended tax -- in may, sales dropped more than 50%, from 6000 of its stores

- and to go with burgers, why not some grilled corn on the cob? - yes!py, sweet, when you bite into it, it pops. - anyone can grill all these fabulous things. seasonal vegetables, how about some juicy steak? some chicken kabobs, mouthwatering ribs, and chicken, regardless of what the weather is outside. - i love it. and with 1800 watts of power, it's like having a wood burning pizza oven in your kitchen. wanna make a pie? - i'd love to! - alright, we got our dough here, we'll give it one last toss. - (chuckling) okay, you're making that look easy! - after about 10 takes, right? we'll add some beautiful tomato sauce on top. - i'll do the cheese. - alright, perfect. we'll spread that around. we'll hit it with some fresh basil. and what i love is you can set it to pizza so now that stone is preheated and ready to go. we have this really high quality peel, we just slide it in. beautiful thing about bravo is you can do precision cooking and adjust the top or bottom heat separately. i'll put the bottom at 100% and then the top down to 20%. this way the crust g

. >>> listen to this, burger king is offering people with self-driving cars a free whopper.fter a tesla slowed down in front of several burger king restaurants, the car confused the restaurant logo if a sfor a sign. post a picture with your vehicle at a burger king. >> if you can afford a tesla, you don't need free burger king, but -- >> you have made a point. >>> coming up next, the new states with travel restrictions as coronavirus cases spike across the country. >> reporter: san jose police are looking into social media posts claiming that the woman that coughed on a young boy at this yogurt land last friday could be a teacher at san jose's oak grove school district. that is coming up next. >>> and an nfl player gets a surprise of his life while try nature's bounty hair, skin and nails gummies. the number one brand to support silky hair, glowing skin, and healthy nails. beauty comes naturally, only from nature's bounty. beauty comes naturally, sfx: dog bark sfx: confetti popper popping sfx: bubbles when we can't be close, we can still be close. >>> a woman seen coughing o

here's dani burger.he pandemic spread in the states leaving some officials to consider slowing or reversing plans to reopen. cases are rising in texas, florida, and california, which posted its biggest daily jump of infections and hospitalizations. is concernedauci about the uptick. >> we are now seeing a disturbing surge of infections that looks like it is a combination, but one of the things is an increase in community spread. that is something i'm really quite concerned about. you know that this is something that has been in the press over the past couple of days. dani: the european union may decide to keep the door shut to americans. that is because officials convened to discuss easing controls on external borders. one criteria up for discussion is reciprocity, meaning u.s. citizens are not allowed in because europeans are still barred from the u.s. a new setback for u.s.-china trade. beijing wants international shippers of meat and soybeans to sign a document saying their cargo is not contaminated w

the company also inked an agreement with burger king fo sir sand.uld y it and give mone yes, is a fan of the plant-based meat, but i'm a fan. let me know what you think when you try it. >> sounds good. >> diane king hall from cbsmoneywatch.com, thank you. >> i'm with you, len, i'm a big fan, too. >>> it's 5:41, and man's best friend is once again going to be home alone as owners return to work, and coming up, the warning signs of separation anxiety, and how to prep your pet for the transition. >>> and i'm checking the winds right now, we start off the day, 22 miles an hour if fairfield. 8 at sfo, half moon bay, and concord. it will be a breezy day. i will show you the futurecast, coming up. >>> a lot of brake lights out of fairfield this morning. coming up, this home is equipped with wifi from xfinity. there's this game-time internetting room. so fun. wow. and then there's this work-from-home internetting room. finally, the open-concept internetting room. this is not an open house. but your front door was open, so technically it is. get the most in-

ioly gourmet burger. thanks for the time. >> thank you for having me >>> yes, indeed.exclusive data from cn unl rv oechnology executive cocisueyn the other side of this break. don't go anywhere. say that working from home productivity appears to be higher so is cyber risk 36% of respondents say that both individual hackers and employee mistakes are the biggest cyber security threats to their companies. if you want the full results on the latest cnbc technology executive council survey, head to cnbc.com/tbc. >>> now, let's bring in a member of the technology executive council, the chief operating officers of girls who code good morning. >> good morning. thanks so much for having me >> really glad to have you i want to get your sense because in the survey we heard that finding qualified employees to fill open positions was a big risk here. from your network, not just of current girls who code who are waiting to enter the work force, but maybe even alumni who have, how has this crisis affected them and what is the potential for opportunity for them to fill an unmet need >

nestle spent years developing its vegan mince burgers and meatballs it's an investment it hopes willpay off. i was doesn't cost as much as ments visit in part because it's more in germany the recommended retail price for a 200 gram pack is 3 euros 49 depending on the quality mince meat costs between 6 and 8 euros a kilo so yes it is a bit more expensive. for many nestlé is still one of the major bad eggs of the food industry to spread so coffee pods and drinks bottles generate baster amounts of plastic waste 1700000 times in 2017 how is that compatible with nestle is efforts to be seen as a force for good. this is often times in which people associate begin with eco friendly and good for the climate leslie still makes lots of products that aren't so green. how do you deal with this image problem in this beautiful little field. that. mr schneider recently said that nestle is committed to 0 net. greenhouse gas emissions by 2050 all parts of the group and to do better for the sake of the environment of course that is quite a challenge to our hatta brand does still sell meat but the tren

. >> reporter: wesley williams owns burger in, the first black-owned bar and restaurant in dallas's west smashed his windows, he could have been mad. but in light of george floyd's death, he chose empathy instead. >> i got the bigger picture. i wasn't mad. it's material. you know what i'm saying? i mean, we got broken glass, but we got a man that lost his life business. >> reporter: people responded to his message within hours of posting this picture, hundreds turned out to buy a burger, including dallas mavericks owner mark cuban. >>> i heard people were waiting three or four hours to just order and get their food. >> they were, they were. i got a phone call from one of my employees. they said, listen, you need to get down here. i was floored. i was like, this is -- this is what it's about. and mind you, it was all demographics. it was young, old, black, white, hispanic, businessmen, firefighters, police, teachers. >> reporter: blocks away, looters also ransacked guns and roses boutique. this video shared on social media captures the moment a man smashed a pole through the

that's anywhere from working class to upper middle class at best you have a few more bucks onto a burger that can be a squeeze for a middle class family but they still want to go out there still wanted to support us and these are the things that the elected officials in washington d.c. are absolutely clueless about because there are so few small business owners serving in office on capitol hill we have way too many lawyers and lobbyists and not enough mom and pop business owners i'm a story we're going to walk people through is the policy is getting creative and wait a 2nd have you guys thought of this because i know we dealt with that the last time some disaster happened on may street you're far too concerned about meeting the needs of wall street and their donor class and not me street mom and pop business owners and every day working class and middle classes. now the pandemic is taught arced that tie in health care to a person's employer may not be the smartest idea do you think public support for universal health care will increase now that so many people have lost their jobs and emp

>>now i was told at least 400 people tested here at the burger dry facility in north san jose yesterday, several 100 again today. i spent about 45 minutes here doing some exit polling if you will and i found at least 10 people told me that they had to had attended a protest in recent weeks live in san jose rob fladeboe kron 4 news. >>thank you so much rob now the rising number of coronavirus cases fueled a massive selloff on wall street today bringing the stock market its worst day since mid-march. >>and that follows at a record high just one day before crashing more than 5%. >>the s and p 500 gave back 5.9% and the dow fell 6.9%. many analysts fear the optimism for a quick economic recovery from this pandemic has now permanently been squashed meanwhile, another 1.5 million americans filed for first-time unemployment benefits last week. initial jobless claims have been falling every week since peaking at 6.9 million in the last week of march but millions are still relying on government aid to make ends meet since losing their jobs because of the pandemic economists are now focusing on t

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joining us is dani burger. do the gains look sustainable from here?u are putting it in the context of what unfolds over the weekend, it is hard to put into words the anguish that is gripping the country, and perhaps equally as hard to what is going to be the impact of this because it is a human story at this point. strategists, one thing they are discussing is the scope of gains that we have seen since the march bottom, that 36% increase really putting investors at a point where their hand could be exposed ahead of potential landmines. jobay, the talk about 40% losses, 40 k or less, that means a lot of turmoil within markets and a lot of political risk as well pricing in october volatility around the election. for now these gains are looking a bit auspicious. francine: thank you so much, dani burger with the latest on the markets. this is what the market is looking at. the focus is on a lot of the figures and the pmi's that we got. this is bloomberg. -- bloomberg surveillance continues in the next hour. tom keene joins us from new york. this is bloomb

from a local wendy's just —— he out to grab a burger from a local wendy'sjust —— he had gone to sister'sayor's executive order? we think it's a step in the right direction. a lot of reforms need to happen with policing here in america. the police are more of a militarised unit, somewhat of an occupying force, more than the community liaison is they should be. so we think them out‘s order goes towards getting up there but there is a lot more work that needs to be done. and the way police are governed is particular to individual areas. what is your feeling about this in atlanta, georgia? generally believes in atla nta georgia? generally believes in atlanta are pretty good —— police in atlanta are pretty good, but we are finding when you push a rock over in the wilderness all of the bugs start rolling around and you get to see everything, that happens sometimes here, too. so, you know, we had another case. my partner chris and i, about two weeks ago, the simplest department put kids out of a car, tasered them and used excessive force when it wasn't necessary —— of the police department. so

sammy: bad burgers, bad fries, bad customer service...bleep] lemonis: and the partners are too busy fighting to fix it. joe t.: i'm the guy that's here every day... sammy: right, what's your problem? joe t.: ...and you're the guy that shows up once a month, that's what it is. that's the problem. lemonis: we have a big opportunity to grow this business. we have a franchisee scheduled to come here, but it looks like chaos to me. but if these guys can't grow up... sammy: i laid out all the kitchen equipment, designed the entire space --

nejra: joining us now is dani burger. great to see you.ect of the equity rally has been the rise of the retail trader cheap brokerage account. how often do you see this used as an explanation? dani: reporting on this, it continues to be a source of debate. it is a story of 2020, people trading on these low fee brokerage accounts like robin hood in a speculative manner. it has certainly impacted options trading. call options. we have seen volume surge to records this month. surging after a declared bankruptcy. in terms of market impact, that is not clear. only about 2% of overall market trading. that is small investors who trade less than $2000. they are a very small market share of overall trading. barclays did a study. how stocks react. they saw a negative correlation. it actually tends to fall despite some of these high-profile examples. matt: great, great work --nejra: great, great work. breaking news to end the show. china lawmakers are to discuss the hong kong security laws on june 18. that is out of china. air france is readying a pl

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matt: thank you for joining us, dani burger on stress tests.p president jane fraser is worried is about signs the bank is seen in consumer behavior in asia as it weighs what a potential recovery could look like in the u.s. she spoke with bloomberg in an exclusive interview. , wee have been surprised had about 2 million customers who signed up for relief programs in the state. a large number of them carried on making payments. as we see in the enrollment rates, down in the single-digit percentages from the previous and relieves. -- previous enrollees. at the moment, it is anyone's guess. >> we saw a significant government stimulus in the first part of this crisis. $1200 checks given to americans. you think when the stimulus starts to wear off, -- >> it is a distinct possibility, and we have seen people come out of programs and go back to paying credit cards in full. be how question will much of this is from the stimulus program and how much is it people going back to work again? all of them want to. at the moment is looking as optimistic, but th

joining us is dani burger. do the gains look sustainable from here? certainly hard to put into words the scope of unrest and anguish that has gripped the country. mind, sometimes it feels inappropriate to say what will the economic impact of this be? strategists i've spoken to have hesitated to even begin to answer this question. one thing many agree on is that it is the scope of gains we have seen since the march lows, anything might force investors hands from this point. jay powell talk friday about 40% of people who make $40,000 or less, are unemployed in the u.s.. a letter from west says the a lot of -- there is a lot of tension in that statistic but says fed support will win out for markets at the end of the day. in the 1960's, we saw civil unrest doesn't always lead to turbulence in the markets. if one thing is going to have a big impact at this point right now, it is political risk. you can see that clearly when you look at the vix curve. you see a huge, premium. investors bidding the self reaction period saying a lot of inatility is likely to

towns reopened about 2 weeks ago mom while selling garo has been serving a few local patrons beer and burgers but his regular customers have yet to show up it was all him on a german is always better brought borst and they're satisfied that we've been crying or secure for their late years now and the germans we always think it tastes good with current booty. is also well pre-packed he's replaced his menus with q ah ok it's. my name i go to. majorca as a 2nd home to many germans on this but. if you take my yorker away from a journalist you've got a problem. if you take the job of the way from us. we've got a problem not that i'm one of them. the next morning a plane carrying the long awaited solution to that problem comes in for a landing slightly delayed from the 1st german vacationers have arrived at palmer demi york at apple spain won't officially be opening its borders till late june and exceptions be made for the guests from germany with infections apparently dropping back and the need for tourist euros rapidly growing over $4000000.00 germans come to the island every year and spend their