vw, nike whatever the recovery is going to be a complicated matter >> adds that the world has crossed the lowest point of the crisis government council member says central bank has taken the right action. >> happy friday, this is how we are now shaping up across the market as we move across the session. an hour transpired a risk at the start and a little give back throughout the trading day. green has given evidence on the screen close to .07 we are looking at right now. a bit of a volatile week investors doing repositioning for the quarter and end of the first half after this recovery trade that has splashed up on the boards playing the export of market or germany, the trade has been incredibly strong there. the other big trade we've seen has been that the fear around coronavirus clusters whether it is showing a second wave with more lockdowns it is unclear whether we'll see a lockdown like we saw in march and april. it has been a bit of a lagarde as were the german and french markets. a little catch up, german stocks up a half a percent. the stock market a little bit back more than

replacing the head of vw brands as the automaker battles with unions over cost cutting plans >>> saudi arabia will no longer cut additional oil they say demand is thriving. >> with we have no whatsoever for lack all of us in the whole world oil market have no stomach whatsoever for any type of laxityies. >>> a warm welcome to "street signs. european markets have been open about an hour now. it has already been a choppy session. we open in positive territory. now the main benchmark is down 0.4% yesterday, the main benchmark dropped 0.3% what was remarkable was the fact we saw the final recession word enter the mix. declaring the united states has officially entered a recession just as the nasdaq hit a new record high and raised all losses for 2020. major difference for what we are seeing in financial markets and what we are seeing in the real economy. begging the question are we seeing a disconnect or discounting mechanism that they are supposed to. because they are pausing for breath kicking off today, we'll get that decision tomorrow take a look at individual markets, we have red acro

a red and white —— yellow and white vw camper van.investigation into this case. but i must repeat that they are convinced here that they are looking at a murder. they say madeline mccann is dead, killed, they believe, by a german man. this isa they believe, by a german man. this is a murder investigation. jenny, thank you for that. jenny hill in berlin. the northern ireland executive is meeting today to discuss the easing of lockdown. if it confirms the changes, outdoor weddings with ten people present will be allowed from the 8th ofjune. let's speak to a couple who are getting married this summer — peter mcconnell and sarah mcafee in ballymena in county antrim. i'm delighted to say they both join me now. congratulations to you both. sarah, perhaps if i can start with you. how have your plans been affected by this virus?” you. how have your plans been affected by this virus? i guess it's the uncertainty at the minute. and up the uncertainty at the minute. and up untila the uncertainty at the minute. and up until a while back, we didn'

police want any information about the camper van he was using, which is a vw camper van, white with aellow base. anyone who saw that in the weeks around the time madeleine mccann disappeared. they are looking for information in relation to a dark jag your car. -- dark jaguar car. it was registered in his name, but the day after she disappred, he had it registered in someone else's name. police also want information about a mobile phone number he used that night about an hour before madeleine mccann disaeared. >> the death of george floyd in the on suing -- in t ensuing protests raise questions about how the u.s. treats african-americans. >> this week, turmoil in the u.s. began with george floyd struggling to breathe while being knelt on by a white police officer. hundreds of videos and testimony have followed, detailing police violence and discrimination across america. a ate senator was tear gas, hit, and handcuffed during a peacul protest. >> i was met with pepper spray. i was compliant, listening to orders, moving back. i got hit in my back and my leg with bicycles officers weaponi

this is the vw campervan that was by the new suspect in the madeleine mccann investigation.s distinctive colours, police hope it will trigger someone‘s memory and lead to new evidence about their as yet unnamed suspect. he used the vehicle to live in, and certainly the week preceding, he was in there, living, so he would move around the area, using that van as probably his base. the suspect also used this jaguar car at the time. he registered the car into someone else‘s name the day after madeleine mccann disappeared. the 3—year—old went missing on may 3, 2007. she'd been sleeping in her parents‘ holiday apartment while they were 50m away, having a meal with friends. her 17th birthday was last month. on the german version of crimewatch last night, police there revealed that the suspect has previous convictions for sexually assaulting girls and is thought to have burgled hotels and holiday apartments. he is currently in prison in germany. his phone was used in praia da luz, about an hour before madeleine mccann disappeared. the metropolitan police are now asking for anyone wh

this is the vw camper van that was used by the new suspect in the madeleine mccann investigation.ith its distinctive colours, police hope it will trigger someone‘s memory and lead to new evidence about their as—yet unnamed suspect. he used the vehicle to live in and, certainly, the week preceding, he was in there living, so he would move around the area, using that van as probably his base. the suspect also used this jaguar car at the time. he registered the car into someone else‘s name the day after madeleine mccann disappeared. the three—year—old went missing on may the 3rd 2007. she'd been sleeping in her parents‘ holiday apartment while they were 50 metres away having a meal with friends. her 17th birthday was last month. on the german version of crimewatch last night, police there revealed that the suspect has previous convictions for sexually assaulting girls and is thought to have burgled hotels and holiday apartments. he's currently in prison in germany. his phone was used in praia da luz about an hour before madeleine mccann disappeared. the metropolitan police are now as

wind playing a role in holding th vw o cameras as a result of our winds.he winds will ease by morning, gusting again in the afternoon. fire danger on the rise, and much warmer weather coming your way midweek. tomorrow morning, numb nerls the 40s, 50s, and for the afternoon, windy and mild. a lot like today. so anywhere from the low 60s to mid 80s, it's going to be a nice, sunny day except for the wind. if you suffer from allergies, going to be a tough one again. wednesday afternoon high also shoot up. low to mid 90s. near triple digits on thursday and a look at the accuweather seven-day forecast, gusty and bright tomorrow. a big warmup coming your way on wednesday and a summer-like sizzle for thursday with upper 90s. inland low 70s at the coast. summer begins on saturday and it is going to be nice for father's day, if you do have any outdoor plans with dads, mid 60s to low 90s. so a nice range of temperatures for all the fathers out there. dion and ama? >> all right. looks good. thank you, sandhya. >>> tomorrow on "good morning america," ron howard and bri

the vw camper van that he was using that summer and the old jaguar xjr6 that he registered out of hiscann disappeared. in a statement, her parents, kate and gerry mccann, seen here in 2007, said they'd like to thank the police forces involved in britain, germany and portugal. they said they'd never give up hope of finding madeleine alive. the german police said that theirs is a murder investigation, but madeleine mccann‘s parents said that, whatever the outcome is, they need to know what happened, as they need to find peace. china has warned britain not to interfere in its plans to impose tough national security laws in hong kong. beijing has expressed strong dissatisfaction with the uk government after boris johnson promised millions of people in hong kong a route to citizenship if china goes ahead with implementing the new laws. our diplomatic correspondnet, james robbins reports. china is determined to end all this, protests in hong kong, led by democracy activists, certain beijing will use new security laws to ensure they are crushed completely, possibly tried and jailed on the ma

the vw camper van that he was using that summer and the old jaguar xjr6 that he registered out of hisents, kate and gerry mccann, seen here in 2007, said they'd like to thank the police forces involved in britain, germany and portugal. they said they'd never give up hope of finding madeleine alive. the german police said that theirs is a murder investigation, but madeleine mccann's parents said that whatever the outcome is, they need to know what happened, as they need to find peace. daniel sandford reporting there. at the start of this pandemic, a medic working with coronavirus patients for britain's national health service made the difficult decision to send her young daughters to live with her sister to protect them. she didn't see them for more than two months. but now they're back together, as daniela relph reports. etty and bella had not seen their mum for more than two months. this was the surprise reunion. mummy! oh, it was an amazing feeling. it's so hard to describe, i thought my heart was going to burst. it was brilliant. i think it was a really good choice because she had

the vw campervan that he was using that summer and the old jaguar xjr6 that he registered out of hisy after madeleine mccann disappeared. in a statement, her parents, kate and gerry mccann, seen here in 2007, said they'd like to thank the police forces involved in britain, germany and portugal. they said they'd never give up hope of finding madeleine alive. the german police said that theirs is a murder investigation, but madeleine mccann‘s parents said that whatever the outcome is, they need to know what happened, as they need to find peace. now on bbc news, coronavirus: your stories. welcome to coronavirus: your stories, a programme about how covid is affecting the lives of people around the world. i'm philippa thomas. and this week we're hearing stories from the hospital wards. later, a junior hospital doctor who's also a national beauty queen. but i want to start with the stories of two men who've survived near—death experiences. we'll first go to philadelphia in the united states, where brett breslow has been undergoing weeks of rehabilitation. this is my last full day at the re

the question of ford motor later on today about nikola and this new partnership, jim, with ford and vwshared production of commercial vehicles, of evs and now the story out of reuters about elon musk and a memo, jim, where he says it's time to bring the tesla semi to volume production so lots of moving pieces in autos today. >> right now, i use a word that people won't like so hold your ears they were running ford the other day in robin hood, they were running it and running it means they're taking stock from 5 to 7, it was not ford's numbers it was the game that people play bag them, gun them, and then liquidate them you get in first, that's the bag, you gun, you say ford is good and then you liquidate into the people who were late bgl is an old style from the 1980s and bgl is back and ford was going up we may hear that ford is doing better but it's more likely that the stock is doing better than the company. >> bgl. >> bag them, gun them and liquidate them that's what they called it in the '80s i wrote against it in the '80s i wrote against it in the '90s and it's back. younger peopl

the vw camper van that he was using that summer and the old jaguar xjr6 that he registered out of hisine mccann disappeared. in a statement, her parents, kate and gerry mccann, seen here in 2007, said they'd like to thank the police forces involved in britain, germany and portugal. they said they'd never give up hope of finding madeleine alive. the german police said that theirs is a murder investigation, but madeleine mccann‘s parents said that, whatever the outcome is, they need to know what happened, as they need to find peace. china has warned britain not to interfere in its plans to impose tough national security laws in hong kong. beijing has expressed strong dissatisfaction with the uk government after boris johnson promised millions of people in hong kong a route to citizenship if china goes ahead with implementing the new laws. our diplomatic correspondent, james robbins reports. china is determined to end all this, protests in hong kong, led by democracy activists, certain beijing will use new security laws to ensure they are crushed completely, possibly tried and jailed on

the vw camper van that he was using that summer and the old jaguar xjr6 that he registered out of his parents, kate and gerry mccann, seen here in 2007, said they'd like to thank the police forces involved in britain, germany and portugal. they said they'd never give up hope of finding madeleine alive. the german police said that theirs is a murder investigation, but madeleine mccann‘s parents said that whatever the outcome is, they need to know what happened, as they need to find peace. daniel sandford with that report. when the coronavirus lockdown came into effect, many people found themselves stranded and alone. this was certainly true for the crew of the russian ship kruzenshtern, which found itself a long, long way from home. tim allman reports. when it comes to self—isolating, it doesn't get much more extreme than this. sailing into port in kaliningrad, the tall ship kruzenshtern gets quite the welcome. cadets back on land, though it's quite different since when they set sail. translation: when we started the voyage, everything was different. now it's not clear how we will live

it would mark a reversal for vw, which sold in 2006.wants to get out of its agreement to add 1000 jobs in california. it made the deal in exchange for safe approval to buy sprint but the company says the coronavirus crisis makes the mandate unfeasible. the company says the agreement should have said six years. at your bloomberg business flash. floods get the stocks we are watching. dani burger joins us now. has to do with the airline industry, hating touched by it. chemicalsthe belgian maker and they produce some materials used in aircraft parts. demand has waned for every aspect of the industry and because of that, they'll have to take a 1.5 billion euro write-down so those shares are expected to slump about 1% today. another company did keep an eye on is unilever. they are expected to sell their tea business and they have a lot of potential suitors, a who's who of the biggest names. according to sources, kkr, since then and add event, blackstone. we may have a bidding war on our hands if these bidders stay. the deal is expected to get

>> caller: with the world reopening back up from the coronavirus and ford's recent partnership with vw, do you see ford becoming a major player in the electric car market? >> his ceo, he is always such a smart guy. i think the stock is very inexpensive, but it will not be electric vehicles, but the f-150. until then i think you will be okay and i have not felt that good about the stock. there is a fierce bull market in the outdoors polaris is the kind of stock you should own summer holiday i am sitting down with a coe -- ceo and tonight an under the radar company helping treat the virus and convalescent blood, a term you might have heard about and coming up is the lightning round. stay with cramer can i find an investment firm with a truly long-term view that's been through multiple market cycles for over 85 years? with capital group, i can. talk to your financial professional or consultant for investment risks and information. >>> what do we do with travel leisure stocks economy is coming back, but so is covid-19. timeshare rental business that was started nearly a decade ago. marriot

the vw camper van that he was using that summer and the old jaguar xjr6 that he registered out of hisared. in a statement, her parents, kate and gerry mccann, seen here in 2007, said they'd like to thank the police forces involved in britain, germany and portugal. they said they'd never give up hope of finding madeleine alive. the german police said that theirs is a murder investigation, but madeleine mccann's parents said that, whatever the outcome is, they need to know what happened, as they need to find peace. and danieljoins me now. this is such a long—running mystery but how significant do you think this development could be?” but how significant do you think this development could be? i think it isa this development could be? i think it is a really big moment. you have three police forces in germany, britain and portugal all agreeing that this man is a key suspect. he isa that this man is a key suspect. he is a person that was living in the area at the time, whose mobile phone was being used in the town that evening, a man whose car was registered out of his name into someone re

they have about the camper van that he was using which isavw camper van that he was using which is a vwanybody who saw that in the weeks around the time that in the weeks around the time that she disappeared. also looking for information in relation to a dark coloured jaguar car. this is significant because again the suspect is not to have been using this dark—colored jaguar car. it was registered in his name but the day after madeleine mccann disappeared he had it reregistered in somebody else‘s name. police also looking for information about a mobile phone number that they suspect used at the time. which he used that night about an hour before she disappeared. the death of george floyd and the ensuing protests have once again raised questions about how police in the us treat african americans, and how protests there are policed. ros atkins has been looking into the for us. hi ros. thank you. this week of turmoil in he us began with the horrific video of george floyd, a black man, struggling to breath while being kneeled on by a white police officer. since then hundreds of other videos

volkswagen is looking at a potential deal to acquire europcar the take overwould mark a reversal for vw which sold them in 2006. >>> chipmaker dialogue upgrades. the chip maker expects revenue to be in $290 to $305 million. dialog said the apple move away could be interesting >> caller: it could be interesting. i just like to point out that we basically have been supplying majority of products which are based around the arm processor and continue to see opportunities there. >> the former ceo of wire card has been released on bail after he was arrested on monday on suspicion of falsifying the company's account. he will be required to report to the police once a week as the investigation continues. local media and financial times are reporting that brown sold 155 million euros worth of wirecard shares last week. updating the investigation accusing the payment provider of misleading with false accounting practices. speaking on the program earlier said there is a lot of room for improvement. >> caller: is it really a financial watch dog or a puppy doin dog? they have to be very critical of

they have also released some pictures of a vw camper van he is said to have used a lot, and also a darknd what's really interesting is they're saying to people, if you were in praia da luz, on the algarve, in april or may 2007, which is when madeleine mccann disappeared, have a look back through your holiday snaps. it might be one of these vehicles is in the background, parked on a street. you wouldn't have thought anything about it at the time but now it could be crucial information. i was a bit confused first thing this morning when they said their assumption was that the little girl was dead, i wondered, is this a murder investigation or is it still a sort of missing persons investigation, which is how it's sort of presented by the met police in the uk. yes, it was quite a shocking moment. when i watched this programme on tv last night and the detective said, "we think she is dead," and again today the prosecutor said, "this is a murder enquiry as far as the german police are concerned." they believe that madeleine mccann has been killed. that is very different to what we are hearing

oversight was part of the agreement after vw's diesel emissions scandal, failing to win certificationm the monitor would be a major blow. ansa historic state bailout is getting bigger. austria agreed to provide 450 billion euros to support the carriers division in the country, including 150 million indirect eight. it will help sustain the unit as airlines across the world start restoring flights. belgium is the airline's only home country that has not provided emergency funding. occidental is reviewing its middle eastern assets as it seeks ways to reduce its debt pile. sources told bloomberg the company is considering reducing stakes in oil and gas fields in oman. its holdings could be valued at more than $1 billion. the company is also open to divesting other assets in the region. that's a bloomberg business flash. francine? francine: thank you so much. cathay pacific has announced a $5 billion recapitalization plan, including battling the unprecedented difficulty brought on by the coronavirus. even before the pandemic, cathay was under enormous pressure when it found itself cut up i

vw down 2.28%. let's talk about what will be coming up tomorrow.huge vote and we were talking about earlier on with alexander to juniata. -- we are seeing a vote taking place on the lufthansa bailout plan. given the low turnout, it will be a close vote. ,t all hinges on one man hermann teal is a large shareholder in lufthansa and he is said to be potentially against this bailout. if he decides to vote against this, it will have significant ramifications. 's mark man in citi duca to give his take on what is happening. always great to have your take. what you expect will happen tomorrow? ways andcould go three thank you for the time. passes.out possibly if the bailout does not pass it goes down two separate paths. what is the government has to offer a planned solution. what that looks like one does not know. plan could mean lowering one state from the 20% governments state to 10%. three isd be option the bailout does not pass, no new terms are immediately offered by the government, and massive resignations follow. shares then falls significantly and

is that your vw bug?>> no, that's new hampshire, live free or die. >> thank you very much we'll see you all day long phase 2. thank you very much. by the way speaking of hair cuts, barbershops and hair salons throughout new york and new jersey are opening their doors for the first time in nearly three months today. the states ramp up their reopening efforts. joining us is the owner and ceo of a third generation family owned business, hair salons, schools and barbershops throughout new jersey. frank, welcome glad to have you on. you just heard con tetessa talk about one shop next to her in new york i'm glad that everybody can reopen today what are you expecting is there going to be a giant backlog? what types of safety measures are you and your team putting into place i feel really confident in what they're going to come back so because we really stepped it up on the safety measures from temperature checks to individual bags that have their cape, their towels, everyone wears a mask, new air scrubbing units

we'll have a lot of vws as we get through the summer months.ight, the need to focus on fundamentals is keys, the more recent data the better it is still data highly suspect and dependent on the trajectory of the medical data positive or negative we think it's important to stay disciplined, diversified across asset classes, stocks, bonds, cash matter, trying to chase on the fear of missing out. tech highs we think would be a fundamental mistake. we also think it would be a mistake to chase deeply discounted lows on the value side they're cheap for a reason, likely to remain so for quite some time and ultimately if we do get a sustained turnaround in reopenings, we are know we're facing come september, october, november, another start to a flu season and between now and then, you know, this virus could mutate so we are going to remain near term defensive, even as we rely upon our active managers to be highly selective if the opportunity especially on price presents itself for long-term gains. >> and if i may add one more thing, just from an asset

the vw camper van that he was using that summer and the old jaguar xjr6 that he registered out of hispeared. in a statement, her parents, kate and gerry mccann, seen here in 2007, said they'd like to thank the police forces involved in britain, germany and portugal. they said they'd never give up hope of finding madeleine alive. the german police said that theirs is a murder investigation, but madeleine mccann's parents said that whatever the outcome is, they need to know what happened, as they need to find peace. daniel sandford, bbc news. stay with us on bbc news, still to come: the odyssey is finally over. the odyssey is finally over. the russian ship forced to spend six months at sea, courtesy of coronavirus, finally makes it back to home port. the queen and her husband began their royal progress to westminster. the moment of crowning, in accordance with the order of service, by a signal given, the great guns of the tower. tributes have been paid around the world to muhammad ali, who has died at the age of 74. outspoken but rarely outfought, ali transcended the sport of boxing, of

they now -- its market value is now greater than the entire german automobile industry of vw, bmw andarkable. >> but do you think electric vehicles is a trend to stay. and kind of going back to oil prices, damaging for those oil companies? >> i think electric cars are, of course, a done deal. everything hinged on the very high price of batteries. the battery prices have come down from $1,000 kilowatt in 2010 to about $120 would be the cutting edge today anything below $100 and the cost of making an electric car is cheaper than a gas-powered car they are already much cheaper to run, much cheaper to maintain, they have 15% of parts, fewer accidents, simply safer. of course, wonderful to drive, great acceleration but going forward from now on, the battery prices will not stop going down they will continue to drop i would think in five years they will be 50 or lower. just an astonishing change from 1,000. and they will be much cheaper to build. so they will take over the market exactly how fast will depend on government help, regulations, and so on. but they will take up the market pretty

. >> we talked to ford about vw partnership earlier in the week, capital needs, near-term demand.o those things add up to a small trim to the target >> i don't know. i mean, he is kind of like the jonas brothers, one day he comes in, he likes it, the next brother comes in he doesn't like it i think the jonas brothers, i love them, i once bid on a concert at robin hood and not the men in tights that people are excited about here and they remind me of jonas they are kind of, you know, sometimes they're up, sometimes they're down i'm sure that jonas is a nice man but he is all over the map i don't know what to say about him other than tesla has been real right and he seems to enjoy commenting on it he should make a song about it. >> we've talked to him in the past about his -- the disparity between his bull and bear case numbers and so forth the other big downgrade this morning was bmo on cat, going to 130, talking about in their terms a catatonic near-term recovery. >> i thought that was a funny piece because when you read through it actually kind of felt positive they talked about

tesla is trading at $178 billion market cap versus roughly 76 billion for vw for tesla to grow into itst cap it needs to see exponential growth since the fourth quarter of '18 when tesla's revenues peaked, every quarter since then if you include the 2g quarter estimate, they've declined or flat you're not seeing the hyper growth another thing, esg investors when you think about it, lynette lopez at business insider, she came out with an article that alleged tesla sold batteries that were leaking that led to fires to customers look at the ntsb and said tesla's fsd technology allegedly led to people crashing >> we've got to end it >> you've got a lot of ammo. >> there's a lot of things that aren't happening at any point they look at this and sell the stock where do you short it? we think you short it here we think there's significant down side. we think the ability of them to full board revenues is effectively over >> we've got to run. we've got it, gordon i appreciate it. we're way past where we should have been, anyy.wa we appreciate it we're going to be watching it. "squawk box" will b