Skip to main content

tv   Street Signs  CNBC  June 22, 2016 4:00am-5:01am EDT

4:00 am
♪ a very warm welcome, everybody, you join us for this special "street signs." we are, of course, running up to the referendum. i'm jeff kepple. >> and i'm steve sands. these are your headlines at 9:00 a.m. local time. brits don't quit. we get involved. we take a leave. we make a difference, we get things done. >> so david cameron makes an 11th hour plea for brits to choose to remain in the eu, the leave campaign, also making a final push for votes.
4:01 am
>> the remains continue to underestimate our ability to do better deals if elected to do it on our own. >> and several bankers also adding their voices to the mix. we've got the fed saying they're getting prepared. >> the uk vote exit the european union could have significant economic repercussions. brussels watches on as brexiters push immigration to the forefront of the debate. it could cost europe dearly. >> very few people who came into europe last year would have qualifiy eied as refugees. as i said, i think mrs. merkel made one of the worst policy mistakes in postwar years. >> so 24 hours before brits head to the polls.
4:02 am
lacking direction as caution reigns. ♪ >> so, welcome back here, we've been sitting on the river thames. >> somewhere on the river thames. with a very large building in the background. >> which may or may not be the palace of westminster. >> for most of the morning. it did start out relatively sunny, in case you're interested in the weather for central london. >> it's a bit overcast, they did get that wrong. it's clearing up for a little time for wilfred and "worldwide exchange" in about an hour's time. >> where i think the weather is interesting even though we're not the weather channel -- >> it's portentious.
4:03 am
>> the way that various analysts are saying we expect the older demographic more inclined to vote out. the younger demographic, more inclined to vote in. the hard working, middle classes, if they can get away from the office or wherever they work, the likelihood that they will vote as well. the weather could have wearing on turnout, i think. will young people be more resistant turning out in the rain. >> the bad news is, there could be more rain tomorrow. let's face it, we want everyone to vote. and then the show on friday, i'm going to vote. >> do you? >> i've been on the fence the whole way. i'm not going to tell you. >> if i could just -- do you think we could would get it out you? >> no. >> just over a day away from polls opening.
4:04 am
both sides keep drumming home their key messages. speaking outside, downing street, the prime minister encouraged people to once again focus on household. >> above all, it's about economy, it will be stronger if we stay, it will be weaker if we leave. and that is a huge risk to britain. to british families, to british jobs and it is irreversible. >> but the leave campaign leader boris johnson decried the remain campaign's negative tone. >> i think we've heard an amazing amount of running down of our city. >> we're proud of our city, we're proud of our country! >> the astonishing thing, continue to understand estimate our ability to do better deals if elected to do it on our own. >> tina fordham, for a long
4:05 am
time, she's been asked to give the concept, the voice of the people. it's a phenomenon going on across the world, whereas, the trump campaign, the support for sanders. the support for smaller countries in spain. it's the voice of the people saying we don't like the past. and i think that's coming to this campaign very, very clearly as well. but those same researchers in cities, say even though britain votes to remain a close invote, that undermines the ability to choose to stay in the bloc. elsewhere, city pundits, with less than 24 hours to go. minus 5% move potentially on the ftse. credit suisse as well, much tight than that 6% rate over at
4:06 am
ubs. 62 being the broader perimeters there. it's not just a uk phenomenon, lowering the s&p 500 and euro stoxx as well. if the uk votes to leave the eu. >> let's talk about the ubs position, the banks see significant room for downside if the uk votes to leave, significant moves for uk and eu equities. while the banks see sterling, quote, face significant pressure, they do see the euro as more stable. ubs also expects substantial declines in uk and euro area call yields. ken costa has joined us here. ken is a city veteran for the chairman of lazar and ken costa strugglic? an an m & a house. to share your view, what do you
4:07 am
think should happen? >> well, i'm an in. one has doubts and skeptical thoughts about how it's all evolved. but the fact of the matter is, is this a decisive decision that's got to be made. actually, it's not just you and me, steve, that makes up his mind vote, every capital market has got his eyes fixed on you and me as we vote. if the weather is not great, how many people will turn out. it is important. it's once and for all the vote has got to be made. >> what was the key issue in your mind that swung you decisively for the in camp? >> absolutely decisively on the in camp because of the economy. it's not brought out by those who want to leave that what we
4:08 am
have is better to leave. germany has said, look, we need reform. it's into this, not this static kind of dead body, but it's into a group of people who want to change. the tide is turning for change. and we can help make that. i'm excited by that. >> talking about the thunder line. i go back to 2008 and 2009 when actually there was the ability of government to reform. there was a couple-year window and a lot of them didn't, and a lot them left it until now. >> sure. >> and what if those countries don't reform? as jeff pointed out earlier, what if they drag the uk economy down with them. and that can happen. >> well, it can happen but i don't think it's going to happen because their own tide of population and polls are putting pressure on them.
4:09 am
and i think one. great things about this debate, not only in the uk but in the capitals of every one of the other countries, and the call for reform will continue. and we're right at the front of it, particularly with young people. we've got hugely talented people in the country. people that want to move on and see this great trading block become part of us in the uncertain world. and if we go the other way, i made it, the argument is well, if brexit happens it will be two years while we know what's going to happen while we negotiate. it's not, it's friday morning. >> the greatest frenchman of all, napoleon bonaparte. he called us shopmakers. and he tried to get a whole system against the whole of europe. but the point is we survived that one. >> precisely in interest, why
4:10 am
wouldn't you take the great advantage of the market right at your door, become the better shop keepers, the stronger shop keepers so we can do it better than the rest of europe. >> and you say, when it's come to being decisive about policies around capital markets union, when it would drive forces forward they've been slow to act. and as a result, cross border capital flow is down. m & a act cross border is down. and then when it comes to immediate action like the crisis from migration from the war torn countries of the middle east, it's been very slow to respond to that. so we're part of an organization that cannot respond effectively when necessary. and ultimately, some say, it's
4:11 am
unreformable. why remain a member? >> well, because it is reformable. i don't take the view that it's not reformable. all institutions evolve over a period of time. and we are in the process where we can lead that reform with a huge benefit of what we already know. to make it less sclerotic and more nimble and greater. i know there's a philosophy that it just sits there in brussels, but it will change. >> when you give more voting weight to the stronger anchor countries of the north over the south, maybe, to push them along and give momentum? >> well, there are many political reforms that will need to evolve and take place over time. but the issue here is going to be how to get the single market, particularly in the capital markets moving smoothly, moving faster to provide capital for
4:12 am
smaller businesses, medium size businesses on a much greater market that they can actually penetrate. and it's not just big business. people say big business. big banks. half the ftse are in favor because of a vested interest. ever major ftse country will be looking to look at supply a chance, smaller a chance, people are looking at big companies being effective in europe. >> i'm going to put my idea to you. you're in the company, i said to her, look, there are issues that don't seem reformable. would it not galvanize everyone to be better, to be more competitive to say that's it, we don't want the dans leading, we don't want the finns leading. what about if the brits are
4:13 am
gone? >> once the brits are gone, it's going to affect a crisis everywhere. and people are going to have to work out everything. it may be that they say oh, well, the brits are gone, we've got to reform. why would you want to take that risk? it's not like you offend the european partner, look at the yen. the rates are on hold. the dollar. and are we going to make capital expenditure available for the next period of time? so, if we leave, the uncertainty is far greater. >> we have to wrap it up, ken. nice to see you. >> good to see you. >> ken costa on a line on why we should remain part of the eu. well, louisa, markets are moving and dribbling high as indelicately put last time. how are the markets faring now? >> exactly, within the time frame of around 15 minutes, we
4:14 am
saw markets trending lower. just from the top of the hour, we're trading slightly lower, the stoxx 600. and the ftse 300 touched their high of three weeks earlier this morning. we're looking at european equity markets, a similar story. the ftse mib underperforming, xetra dax underperforming. retail, health, pulling it down. real estate a bit higher. that's what we're looking at here. less than 24 hours to go before the polls open for the referendum to take place. e-mail us @streetsigns europe@cnbc. you can follow us at twitter, @cnbc. the boys are twitter as well. i'm on twitter, @louisabojesen.
4:15 am
>> very nice you called us the boys. anyway, we're going to hear from jacqueline gold, and why she believes that the eu has only been a positive for her business.
4:16 am
4:17 am
♪ so, central bankers have been weighing into britain's eu referendum debate with the ecb's mario draghi and janet yellen both voicing their concerns over a potential brexit. >> it's very difficult to foresee the impact -- to foresee the various dimensions in which the void in the uk would impact
4:18 am
on the markets and the economies of the eurozone. >> with the shift in sentiment is the upcoming referendum in the united kingdom. a uk vote to exit the european union could have significant economic repercussions. >> meanwhile, the german finance minister said the uk membership referendum would change, not only in europe, but the european union. regardless of its out come. he hopes the country votes to remain. >> translator: if we want to solve the problems we have in front of us, then we need a stronger europe capable of acting, and ladies and gentlemen, it is not in good shape. we shouldn't mistake that. more and more member states including great britain, if one could ask what is going on in great britain, in more, more
4:19 am
states who doubt the european aspect is growing. >> meantime, a finance minister says a brexit could push finland into recession next year. however, ahead of the forecasting unit, also admitted the country could face that regardless of the vote's outcome. >> ands where in the british dupe, "the daily mail" has called on people to leave. this is extraordinary because it's taking an opposite view to its sister publication the mail on sunday. it urges people vote leave. you've got the "times" going in. and "the sun" going out. so many very much to remain is jacqueline gold from ana sommers. joining us now. tell us why you as the head of ann summers ahead of a company believe that britain should
4:20 am
remain. >> three main reasons, first of all consumer confidence. i mean, the consumer confidence is already an all-time low in retail. it's certainly impacting our business. and with the economy the strong equivalent it's been for two years i think why we jeopardize that, it could only get worse if we were to leave. that would obviously impact my business. secondly, it's growth. we have great ambitious growth plans. i remember being over in germany, difficulties getting across the border. and the red tape forced us to get out. with over 500 million people, to me, that would be going backwards to the days where we had the difficulties. you see, we've evolved considerably since then. thirdly, that free movement of people, my business is based on the edge of london where it's
4:21 am
actually difficult to recruit people with those jobs with more unsociable hours. the british people don't necessarily want those roles. >> see security, they are immigrants. the lady on her hands and knees cleaning up our muck, she's an immigrant. the british don't have the gumption to take on those jobs anymore or is that just the men? >> two-thirds have been europeans, it's been that way for as long as i can remember. it's all equally paid, it's none of this cheap labor myth. but it's just the reality of it. i think if you are a business, particularly near a city that is always going to be a challenge for you. for me, to take that poll of talent away from us would simply
4:22 am
jeopardize our business. >> the government argues, or the current administration, anyway, the membership to the eu is a cause of red tape. but business people still complain as what they see as very slow policy making coming out of brussels and too much legislation around the working time directives and other policies that do affect the way employers take on staff and how much costs are associated with those staff. does that affect brit asm. ? >> it could become even more complicated. not to mention the extra paperwork and workload that businesses are going to have to take on, just distancing ours from the whole process.
4:23 am
>> i want to talk about the eu. i found a quote from you, i put it on facebook, actually, it was too long for me to put on twitter it was about the product you sell. and the high product. to be fair, i think it got a few brexiteers to remain. it was saying the quality of the product of sex toys, you say actually these are well made with higher standards. higher standards of the best general toys. if we were to come out, you'd worry about the quality of your product, or the imitations coming into the market as well. that's a positive over someone who likes an eu directive over what they sell? >> absolutely. related to the standard of children toys, excuse the analogy, but the eu has proposed a lot of goods because it's set those standards. and if you take that away, there
4:24 am
are going to be companies less concerned about quality and will not have to abide by those standards, necessarily. >> give us a real explanation of what the real difference is between exporting into the eu and perhaps exporting your product into non-eu economies at this point? i mean, is it much harder to make way in other markets like north america, asia, the middle east and so forth? >> i mean, we trade in wholesale capacity in the u.s. i mean, to be honest, we're not a big player. we sell online. we sell through partnerships like acer and house of frazier. like most businesses we want to be bigger than we are we want to be able to trade as easily as possible. obviously, with it declining as it, international is having those barriers.
4:25 am
>> just to follow up, you feel leaving those barriers erected it would be more difficult for you to move? >> i do, yes. >> june 24th, i know your office, i drive past every day myself. when you're in there, i drive past, what's the contingency plan if we're out? >> well, that is a problem, isn't it? we haven't heard what that contingency plan is from the government. and i'm not sure they actually know. this is where the uncertainty is so scary for people, particularly for those who want to remain like i do in many businesses, we don't know what that contingency plan is. obviously, we'll have to do our best to adapt. we do adapt, that's what businesses do well. and hope. my biggest concern is consumer confidence and hope that can bounce back bigger than projected. >> jacqueline, really nice to see you at our mysterious camera point somewhere near
4:26 am
westminster. we're not sure exactly earlier. shh. . jacqueline gold from ann summers. hand it back to louisa. zblmp >> very nice. we've got to take a quick break. check our our blog. lots of good stuff on there regarding brexit. we'll see you back here in a jify after the break.
4:27 am
4:28 am
a very good morning, everybody. welcome to the program, i'm jeff cutmore. let's get to your headlines. >> on "street signs," david cameron makes an 11th hour plea for the brits to choose.
4:29 am
plus the leave campaign makes a final push for votes. >> -- continue to underestimate our ability to do better deals if left to do it on our own. >> central bankers also adding their voices to the mix with the fed and ecb chiefs saying they're getting prepared. >> a uk vote to exit the european union could have significant economic repercussions. >> so, let me just say, we're ready to cope with all possible contingencies. and 21 1/2 hours to go until the brits head to the polls. investors they're reluctant to cast their votes. stocks lacking direction as caution reigns. >> so, it is the last day before the vote, and last chance to issue a warning. the latest data from the highly watched ifo institute shows a
4:30 am
good number of germans feel that an exit would impact their business. bigger companies with more than 500 employees are particularly worried about the outcome of the referendum. that's the line, anyway, from the german manufacturers. >> and that's the point. i'll make the point i made earlier this morning, the uk is 2.4% of global gdp, right? this is according to edison investment. at risk, 10% of the uk economy could be at risk as well. we're talking about a decimal of uk. it's creating this enormous risk on the back of this. when we think we're getting brexit. gold aggressively higher. the pound goes to 1.40. we've seen the best from the pound in years. we've seen the ftse and global assets as well.
4:31 am
and this is it, it's the art of the impossible, which i think people whether in states or in europe, could this create a domino effect. many who don't want mr. trump in the white house, saying is that possible, the brits leaving the eu, is that possible? many think that it could circle the wagons. could the finns go, the danish, many are worried about the same as the brits as well. i think that's why people are concerned not just because of the british economy, we are because we're british. we're a stone's throw away from westminster palace. we worry what's going to happen next. >> this has been a pressure valve for expressing your frustration. credit lines withdraw, consumer confidence fell off the cliff, and we've spent a long time now
4:32 am
trying to rebuild that confidence and get economies growing again in europe. and the trouble is, we see many economies with very high unemployment rates still. and they have not demonstrated the same kind of rebound that we've seen in north america, and to a certain extent in the uk and germany and and a few other economies. and they want someone to play. they want to play. >> the business leaders, the lack of inclusion for the workers. you mentioned the middle class. i'm going to expand that to the working and middle class. the medium income. they want to blame someone, whether a ceo, a board, or brussels as well. and talking of brussels, julia, you've spent so much time in brussels. i know you're going to get to your nigel farage tape, but you have seen first hand to the decision making process which happened in the center of the eu? >> oh, absolutely, steve.
4:33 am
i find it incredibly frustrating. i've spent here time and time again all night wait for decisions to be made and not being made. and dragged out whether decisions over greece and the might migrant crisis going on. there's huge frustration. as you were talking about there, a kind of echo boom effect if they decide to leave the eu, we've got other countries going okay, now, we want a referendum. and i think what steve mentioned, too. very important, we heard from saying more europe here just doesn't fly. to take the point that schaubable was saying how does it about the eu, i think it will. some i spoke to nigel farage, i asked him given the way investors are responding here, is the leave battle already lost
4:34 am
and remain will now win. listen in. >> this time last week it was the leave makers, since the tragic death, the markets have taken a view, the betting markets, the financial markets have taken a view that this means there will be a big swing towards the remain side. >> there has been say swing towards the remain side. >> not from the polls i saw this morning. all over the place. really, all over the place. there's stuff in "the telegraph" saying likely to vote, or less likely to vote. the "times" yougov poll voting to leave. i think don't know anyone knows where we are. it's very, very close. >> this morning, saying if brexit wins we could see a collapse in sterling to a greater value than we saw in the crisis 25 years ago. is that this breathtaking? >> is frankly, it's gone up and down in history.
4:35 am
sterling into the bear market in july 2015, most wouldn't understand -- >> i think you're talking about the 15 or 20% collapse, what that is going to do for confidence? >> marvel option for ous for ex wouldn't it? >> why would they lose confidence? we'd be back in charge of energy policy, of steel policy, of financial regulations, we'd be back in charge, as opposed to having to rely on rules
4:36 am
>> we're on a rocking boat here. the boat that rocks. leave isn't rocking here, it could still win? >> leave could certainly still win, but not very much, though. >> i'm joining by
4:37 am
>> it's a changie ing trend, af this leave for leave, i think it's clear that it will be radio for remain. >> it will change the eu, wolf schauble said if to leave. >> fundamental change i think mean more intergovernmentalism. and it's less clear that the european project also means closer integration with less. >> and a fear in germany as well, that some kind of without the uk counterbalancing going forward. anti-germans banding together against countries. >> this is interesting, many saying if the brits leave it's us against france and them.
4:38 am
at the same time, you look at who can actually counterbalance the german influence in europe. the uk is not even a member of the eurozone with france busy with its own problems at home. the main problem i see there's no counterpart to drive them forward. >> a lot of conducts saying look we need better burden sharing, better fiscal union. even if they have a force that helps to drive it forward it's not what everybody wants at this moment? >> no, i think we'll have the fundamental split. let's not even talk about eastern europe which is another different story. it remains north and south, everybody has been talking about a debt crisis from the beginning. the burden has been put on the south. is this sustainable in the longer term i've very doubtful. >> looking at the eu, it's one house wall.
4:39 am
we've got italy with high debt with more than 50% intu, you've got the rights also climbing up there as well. >> certainly, politics very worrying in these two places. another place where politics has been worrying is portugal, right? if you look at the speed at which the country has been going back and some of the reforms that have been enacted. it's a contagion effect. >> guys have said if the uk remains it needs to have a proactive role in the eu. what does that look like? >> they've been arguing for year, the scandinavians, the dutch. to make sure they bring this liberal view on european affairs forcefully to the table here in brussels. i doubt it's going to happen. i think what they underestimate is the structural constraint under which each and ever prime minister in europe has been.
4:40 am
>> in france, they say even as it stands, the two-speed europe may disintegrate. the fact that the uk may leave makes that risk squared. do you think that a two-speed europe will disintegrate? >> i don't think it's bound to a two-seat europe. the real place that we're facing is euro skepticism in national electorates across europe. >> is this just the beginning? >> it could be, yes. if you look across europe, you have this established center left and center right. i think it is with us to stay for a while. >> you heard it there, this could be just the beginning, back to you. >> everybody sitting on tender hooks now. julia, thank you very much. we'll see you soon again. that takes us on to a glance of
4:41 am
what the european markets
4:42 am
e-mail as you @streetsigns. al louisa bojesen is the twitter handle could reach me directly or @streetsigns cnbc to reach the show. we're all on there. coming up on "street signs," most brexit scenarios result in a negative result. soon find out why the director general of the wto is warning about a vote to leave the eu. we'll be right back. wearing powerful sunscreen? yes! neutrogena® ultra sheer. unbeatable protection helps prevent early skin aging and skin cancer with a clean feel. the best for your skin. ultra sheer®. neutrogena®.
4:43 am
hey guys lunch is here! it's on me fellas. with the chase mobile app, stephen curry can send money to more people in less time. thanks, steph! no problem. even to friends in a growing number of other banks. ya'll ready to go? come on fellas let's go! easy to use chase technology for whatever you're trying to master.
4:44 am
hi, everybody, welcome back to "street signs." i'm louisa bojesen. in corporate news today, air france-klm shares have been climbing after they say the company's two main pilot unions have cancelled their strike last week. they had plans to walk off the job on june 24th and june 27th. and tesla made a bid for the installation firm. phil lebeau has more details. >> shares of tesla under pressure after the electric car
4:45 am
company announced after hours that it has made a bid to buy solarcity, $28.50 a share. that comes out to $2.8 billion. shareholders will have to approve this deal, but if it goes through it sets up what is an interesting proposition for shareholders of tesla. are they owning shares in a car company or an energy company? after a conference call after announcing this offer, elon musk said, look, we look at ourselves as a sustainable energy company. with the solar company, if the acquisition goes through, then you have energy in the factory that tesla is building just outside of reno, nevada. again, the bid to solarcity
4:46 am
comes out to $2.8 billion. $28.50 a share. those shares are up more than 10%. meanwhile, tesla shares trading under $200 for the first time in a long time, as investors there are wondering is tesla, the electric car company, becoming tesla, the sustainable energy company. that's the story from here in the u.s. back to you. >> well, tesla ceo elon musk who is also the chairman of solarcity and largest shareholder in both firms described the deal as a no-brainer. solar stocks reacting to the deal. phoenix and solarworld trading higher. solar tech is off by a tad in germany. now, a key consideration in brexit would be trade terms if the uk breaks away from the eu if it were to happen. while the leave campaign argues
4:47 am
that treaties they aren't necessary to trade. others argue that negotiations would be extremely cumbersome and ultimately work out worse for brits. i spoke to the director of the world trade organization and he told me how negotiations would pan out post brexit. >> i've been talking about this quite a bit recently, and what i've been telling people, is that the realities we don't know. we don't know exactly what the outcome is going to be. there will be negotiations ensuing for if the uk leaves the eu. so negotiations would be needed between the uk and the eu. the uk, and other members, and the countries with whom the eu has free trade areas. there are scenarios that it had to happen there are many scenarios out there and most resulting in less favorable areas for trade and negative
4:48 am
impact on the economy. >> the leave camp is saying they don't need agreements to trade. and they're indicating that the uk would be more flexible to make a trade with, for example, the likes of germany. do you see some agreement for this line? >> i wish the trade world were that simple. the uk is a wto -- remember, it's bound by the rules of the wto. therefore it's bound with whom it can trade. no member, no wto member can decide unilaterally what the commitments are. what are the tariffs that will apply between them and the other members. so there has to be negotiation. there is no way of escaping that, it's as simple as that. >> i look here at the amount of countries that the uk has trade policies with. you've got -- if we were to see a brexit, britain would have to
4:49 am
sign a deal with the remaining 27 members of thee eu. you've got 50 countries that have preferential deals. the eu has been negotiating trade matters for the uk for a very long time now. how long would it take to put a trade body in place in the uk that would be able to do the work that the eu has done on behalf of trade? >> it's difficult to tell. but even if you are absolutely committed and decided to putting that -- to put that team ready for negotiations, it is going to take some time. expertise in trade is not something that you acquire overnight. more than that, it is not sufficient to be ready to negotiate with others. it is necessary for others to be ready to negotiate with you. it's not a one-side deal. you need the other side to engage as well. and the other side, they have
4:50 am
their priority. they have their agenda. they have their schedules. it doesn't mean that everybody is ready to stop what they're doing and start negotiating with the uk. that's just a reality. >> now, the wto director general also emphasized that costs for consumers will rise. and the competitiveness of uk products will suffer in the event of a vote to leave the eu. the euro group president dijsselbloem said it doesn't need to be part of the entire union but encouraged cameron to stay in front. >> if the uk were to remain, i would urge the brits to play a stronger role, take the lead again with us and make sure we get it right. we have to make the eu work, which doesn't mean we need a full political union. it means we need to strengthen what we have. >> from european politics to u.s. politics, hillary clinton
4:51 am
took aim at donald trump's business record and economic proposals in a speech on tuesday, yesterday. saying that trump has, quote, written a lot of books about business, but they all seem to end in chapter 11. now trump's team responded that they are launching a new website lyingcrookedhillary.com. i was tweeting it this early we are. i can't believe it's come to this. nbc's tracie potts is in washington. she joins us. i don't know if i'm looking state side and thinking it looks more like a comedy show, tracie. i don't know how to think about it. >> yeah, a lot of people are wondering, shaking their heads and kind of wondering what's going to be happening in the next few months as we lead up to the general election. we were talking about clinton, donald trump strike two. remember she did that big speech in san diego hitting him point by point on the politics. this time on the economy.
4:52 am
donald trump dangerous for the company. bad for families, bad for small businesses if he runs the economy the way he's run some of his businesses. she went point by point trying to explain why she thinks that's true. we will hear the other side of that today. donald trump has a speech where he will likely strike back against hillary clinton. point by point. that website is being developed by the new digital director. she's got 700 people working for her. he's got about 70. now, he's hired senior aides just in the last few hours including an experienced digital director heading up that website. we're also hearing from clinton. she's meeting here in washington. house democrats with their strategy for november. she's also giving another economy speech. this time in north carolina where she'll have her vision. speech number one with why donald trump is bad now. today, she's going to talk about what she thinks is going to
4:53 am
work. >> we spoke a little bit about the latest fund raising numbers as well. how concerned is the gop at this stage, with regards to donald trump's fund-raising numbers? >> well a couple of things, if he ends up funding this thing himself, what it means is there's not going to be as much money for what we call the downballot candidates. the house members, senators, who are republican who often raise money based on the top of the ticket for the republican nominee. if they're not getting that money funneled down, that could be a problem. donald trump is now talking about funneling that money up since he's only got a little over $1 million in his campaign right now. where hillary clinton has $42 million. so he's at a distinct disadvantage. telling nbc that he's might fund the thing himself but that's not going to help the other republicans on the ticket. >> that also goes to say, tracie, that opponents to trump are trying to depict him as
4:54 am
being against the very people who tried to have supported him so far. is there kind of a shift in terms of the people who have been supporting trump so far. or is the support coming stronger? >> so, it's interesting that you asked that, because nbc is actually doing an in-depth look at that on the online segment of who are the people started out supporting donald trump and who are the people now supporting him. he went from a very targeted group within the party. working class people who were disgruntled with what was happening in washington. they didn't think the country was working with him. and he's expanded that into a much broader base even with many of the republican leaders against him. so, he's now got much more of a coalition within the party. also throwing support from independents who are frustrated with the democratic administration. but now transitioning to the general election. the question becomes does he hold on to that -- hold on to that coalition and how much can
4:55 am
hillary clinton siphon off. especially from those independents. they are the key. they are the ones who decide who wins in november. >> tracie, thank you, once again for being with us. you're up early every single day to be with us. we appreciate it. nbc's tracie potts live from washington. so, just over a day away from polls opening here in the uk, both sides keep drumming home their key messages. speaking outside of downing street, the prime minister exhorted voters to focus on household finances. >> above all, it's about our economy. it will be stronger if we stay. it will be weaker if we leave. and that is a huge risk to britain. to british families. to british jobs. and it is irreversible. >> but the leave campaign leader boris johnson decried the negative tone.
4:56 am
>> i think we've heard an amazing running down of our city. >> we're proud of our city! >> the astonishing thing they continue to -- remain side continues to underestimate our ability to do deals if left to do it on our own. >> so, we are now two hours into trade and less than 24 hours before the polls open. and you're looking at slightly higher market. the ftse hanging on to gains. europe though seeing more green than red at the moment. when it comes to sterling, so much focus on the pound and what happens after tomorrow's vote. regardless of which way it goes. a lot was put quite recently into the pound in terms of a potential leave. the ftse we're looking at here, currently, just a couple of points higher. and sterling -- there we go, sterling, 146.63.
4:57 am
looking at gilt as well, we've seen a little bit of the coming out of safe haven trades. the german bund pulling back a bit of late. when it comes to gilt, the same story there with yields pushing up a tad higher. and ten-year bund yield. there you have it slightly mixed. credit suisse, they're going to be cutting it to 6% if a brexit happens down frto 6200 from 660. and just a few hours away from the open state side. that. wras up today's edition for strt. "worldwide exchange" is up next. we will see you tomorrow on polling day.
4:58 am
4:59 am
5:00 am
♪ good morning. the final countdown. world leaders make an 11th hour push as the uk prepares to vote on its future in the eu. the debate, the polls, the odds, and the passionate arguments all coming up. world markets on high alert. caution is the word ahead of tomorrow's vote, stocks, bonds, currencies and commodities. we've got it all covered for you straight ahead. and that according to elon musk buying another one. solarcity, for nearly $3 billion. the wednesday, jun

37 Views

info Stream Only

Uploaded by TV Archive on