or dis-united kingdom. also, big political repercussions for the labor party and how it did not get its vote out for remain. annette: thank you. as benedicte was just talking about, the leading figure in the campaign was boris johnson. he had a press conference and he says there is no need for haste in negotiations. boris johnson: we cannot turn our backs on europe. we are part of your. i want to reassure everybody that britain will continue to be a great european power, leading discussions on foreign policy and defense and intelligence that currentlyl goes on to make our world saver. annette: joining us now from london is "guardian" journalist jonathan friedman. this vote is seen as somewhat of a shock. it has reverberations across the world. how much of this was a vote against europe as opposed to a vote about british identity? jonathan: i do not think it was a vote about the european union at all, even though that was the question on the ballot paper. for many people, the question was, are you happy with

europe's first post-brexit summit and the united kingdom -- innocent -- isn't invited. a day of mourning in turkey killed andople were hundreds wounded in a gun and on istanbul attack airport. the government has blamed the islamic state group. suspended jail sentences for the two french accountants behind luxly tax scandal. documents that luxembourg.s with there's to be no special deal for britain on immigration. european leaders have been brusselsheir first summit without the united kingdom after prime minister david cameron made his final last night. a joint statement laid out the in stark terms. to workwill not be able in the common market unless it accepts the free movement of people. the union, they want norway, for example, to be access to the european market. united kingdom must respect the four freedoms. the freedom of movement of goods. free movement of services, capital and persons. and there cannot be any exceptions. they can't take three freedoms fourth. out the ministersh first nicola sturgeon says she's heartened following talks in brussels today. most vot

or so in the united kingdom. inside number 10, david cameron, the prime minister of the united kingdom, who fought hard on the remain side. he staked his political future on it. he has now lost. we're expecting to hear from him sometime shortly. >> i'm certain he's awake at 5:00 a.m. >> i think this is an all nighter for him. the folks up until an hour ago, very close confidence they're going to win this. on the right side of the screen is boris johnson, the former mayor of london, a conservative member one of the big voices in the leave campaign. you can imagine the two moods inside those houses. >> there is an expert on earlier saying boris could take on some of the leadership role in this if david cameron has to step away. >> easily could become the prime minister. so bring you back to how history tends to rhyme once p a while. you had margaret thatcher come in followed by president reagan's election. give us a sense are we seeing this populst revolution there with this leave the eu vote? how that factors into

the special relationship between the united states and the united kingdom is enduring and the united kingdom's membership in nato remains a vital cornerstone of u.s. security policy. so too is our relationship with the oourp which has done so much to promote economic growth and foster the spread of democratic values and ideas across the continent and beyond. they will remain indispensable partners of the united states even as they negotiate their ongoing relationship. a couple things that jump out here, john. one of them is that it mentions nato. that is very important because what the administration is trying to say here is thank goodness uk is still a member of nato. that it is important to have these partnerships, to have these global organizations, and for the united kingdom stito st be a part of that. they're trying not to be alarmist about it, but they certainly are trying to put a good face on this development, john. >> great points. thank you so much. suzanne malveaux at the white house. we did just get a statement from hillary clinton as well. that and much more the next hou

kingdom will be in any way less united. nor indeed does it mean it will be any less european. >> that's boris johnson, a member of the britain's parliament, who pushed for the brexit vote and those many expect to be the next foreign minister and many wonder how it will affect fighting the rise in terrorism and other angles. short term or long term, what does the vote mean for our counter intelligence efforts with regards to the fight against terrorism? >> in the short term, not much. it will take about two years to play itself out. in those two years we will learn more about those counter-terrorism efforts going forward. the way things stand and counter-terrorism efforts and police training, a lot are taking place on a european level and they have red alerts to keep people from traveling country to country. all of that has been run by the european union the uk has bought into. when this divorce becomes final in two years, they won't have the access to those agencies and the type of intelligence resources they have now and n

kingdom -- a new united kingdom. what do you suggest could be the new united kingdom if you succeed in brexit? norman: we are not talking about a new united kingdom. what we are talking about is actually the right of the united kingdom like the united states, like canada, australia, to actually pass its own laws through its own parliament and pass its own governing and not be subject to the european government. that is what it is about. tom: i would say on a gorgeous day yesterday going through trafalgar square and seeing the commonwealth embassies wrapped around. it was a gorgeous afternoon and it was a rainy one. four seasons in one day. lord lamont, are you concerned that banks may leave london because it is an expensive city? he would give away the financial services thrown to somewhere in europe, berlin or paris? norman: i do not believe we would give away the financial thrown as you put it. i believe the human capital is here and i cannot do the derivatives market, the foreign exchange market, they are not goin

after the united kingdom formally leaves the european union, e.u. law will cannot -- continue to apply to and within the u.k., and by this i mean rights as well as obligations. >> the president of the european council, donald tusk, speaking there. we caught up with our correspondent in b brussels and started by asking her whether there were many brave faces being put on in the european capital? >> any -- a number of people in brussels say they will not sleep tonight. they're losing something that was very close to their hearts. no country from finland to greece really wanted to see the united kingdom exit the union. one croatian lady told me her country took 13 years to negotiate their incidentry and she was gutted and devastates to see the u.k. leave. i spoke to some students visiting the european particle a. nd they're worried about their participation in the mobility programs, the ability to study and work in other e.u. countries. tusk said they were prepared for the negative scenario, as he put it, but he said next tuesday the countries will be

kingdom and it is the united kingdom decision to leave the eu. what we should focus on is the best deal for the united kingdom and the best deal for stalin. could there be a referendum or should there be a wreck for referendum. >> one of the most positive things that we could do in the time left him would be to ensure that this house has the opportunity to vote before the summer solstice. >> there are a number of decisions that we are going to have to look at in the light of the new circumstances with which we are faced. i will be doing that over the next coming days. i want to make sure this parliament is still debating and describing important issues. is this not the biggest form policy disaster? [inaudible] if this is back for the scottish people, calls for the referendum for scotland and europe, you must see to the wishes of the scottish people and hear that referendum mac the point i would make is not could there be a second referendum, but should there be a second referendum him. i don't believe there should be. that is the point i would ma

jonathan: the united kingdom cut to aa from aaa by s&p. the head of sovereign ratings at standard & poor's came on bloomberg tv here in london and said a brexit would lead to a downgrade. we've got confirmation of that. the u.k. cut to aa from aaa. uncertaintys the for the economy ahead. i would focus more on that than the credit rating itself. for the market, it's still a good credit rating. good pointat is a especially if you look at yields of government bonds. andheading to record lows continuing to bump along those lows not really changing despite what the credit rating companies say. anti wo bring in a chart i thought was interesting. the expected path of increases in europe has really shifted. this is for anybody who has a bloomberg terminal. matt for passing this along. the orange line is before the brexit vote. the green line is the path as of today. the curve has flattened. far theotable is how move into positive rates got pushed back. all the way into september of 2020. according to the market, the ecb will not raise rates above

this is a matter now for the people of united kingdom. they will have to decide how they want to manage their own future, and we will see how that debate plays out. of thes of the rest european union, i don't think that there is a strong movement anywhere else in the european union to leave. of course, there will always be unhappiness and the satisfaction with certain aspects of european policy. some people will be critical. we are living through difficult economic times, still coming out of the recession. as a number of your viewers were commenting, pain has been felt by many people. people of lost their homes and jobs. there is a certain anger and frustration in the population of europe, as you have experienced in the united states. and politicians will have to manage this and respond to this. believe in the european union, member states will also have to address these issues. i'm not implying that all is milk and honey in the european union these days. i still believe the other 27 member states firmly believe that the best future lies

the united kingdom and european union will remain indispensable partners of the united states even as they begin negotiating their ongoing relationship to continue security across northern ireland, britain and the world. that arriving on our desk just a short time ago. vice president joe biden weighing in from dublin, ireland, this morning. here's the vice president. >> i must say we were -- we had looked for a different outcome. we preferred a different outcome. but as the united states having a long standing friendship with the united kingdom, one of the world's great democracies, we fully respect the decision they have made. >> hillary clinton, by the way, just responding to the brexit vote as well. her statement reads in part, we respect the choice the people of the united kingdom have made. our first task has to be to make sure that the economic uncertainty created boy these events does not hurt working families here in america. this time of uncertainty, she adds, only underscores the need for calm, steady, experienced leadership in the white house to protect americans' pocketboo

tomorrow the vote in the united kingdom. francine lacqua tom keene, contrary to rumors we are still on speaking terms. coming up, a conversation with the first woman of scotland, nicola sturgeon will join us. really looking forward to speaking with the first minister. to our first word news. nejra: police in paris have banned a planned march against reforms, and they are concerned it could result in violence. the dispute has led to strikes and public transport and garbage collection. the government of iraq may have declared victory prematurely in the battle of falluja. only one third of falluja has been cleared of islamic state forces. iraqi forces pushed into the center of the city last friday, leaving the government to claim victory. on capitol hill, senate republican supporters of a compromised gun-control measure say they are gaining momentum. there is a major roadblock. the nra has come out against the plan calling it and can't to shall. -- calling it unconstitutional. it is not certain if a bill can when puerto july 1

>>> the votes have been counted in the united kingdom and the united kingdom has voted to leave the european union. it will take years to complete an exit negotiation package. and nigel ferraj, the leader of the uk independence party, has a message for british prime minister david cameron. >> nigel, what's your message to the prime minister now? >> look outside of the window. just look at it, prime minister. the dawn is coming up on an independent united kingdom. something you did your absolute best, used all your powers to prevent. you did it using every organ of state available to you. you've lost. you've lost the trust of the british people. go. go now. >> he should resign this morning? >> absolutely. absolutely. >> we're expecting to hear from david cameron as britain wakes up this morning, probably hear from him fairly soon. markets across asia plummeted in early trading in response to the brexit news and reuters is now reporting that the bank of england has been in contact with banks ahead of markets opening in london later this morning. for the latest, we turn again to nbc's kelly cob

what is the immediacy about jobs within the united kingdom? : the keys to brexit's investment and trade. what we are saying is that if britain were to leave the eu, there would be so much so -- so much uncertainty about relations in trade with european nations, employers would hold investment back. when you hold investment bank, that's when you hold investment back, there will be less employment. francine: but it is said this is not about economics. this is about sovereignty and about immigration. christopher: i just do not see that. it is about economics. when you are a nation in a global economy, in a globalized world, you have to have trade agreements and other agreements of corporations. let's face it, britain is not as big as china, the united states. very soon, india. traits with to have the european union. what it has now, there are agreements made by the european ,nion, including britain finding various actions. it is something that democratic governments have elected to do. withyour definitive paper they'll mortensen is on job --ation

treaties requires that the united kingdom began the divorce proceedings. they haven't done that in perhaps the government didn't u.k. may not do that. he mentioned markets. the german stock exchange trading down as director european exchanges. we spoke to the co-ceo of the stock exchange and this is what he told us. >> it could be 10 years from now. merkle today in a statement tried to calm people down and say let's not get too excited. let's not become too radical on both sides. i guess at the end she will prevail. it will be a pragmatic approach. reporter: the germans have a lot at stake in all of this because written for the united kingdom is the second-largest trading partner within the e.u. france is their first aired roughly 60,000 pounds, $70 worth of trade and they don't want to lose that. lauren: adam, quick question. the way i understand is the name in order to invoke article 50, you need a new prime minister to announce they want to leave the european union. is that correct? >> yes. and i think you heard about this call for a second referendum.

this applies to the united kingdom as to everyone else. free access to the internal market is given to those who accept the european freedoms. people, goods, services, norway is not a member of the european union but it has access to the market because it accepts free immigration from the european union countries. we shouldn't really debate whether we want more or less europe. what we need is a successful europe. a successful europe is a europe where citizens are included, that they can identify with and that is felt in a positive way in their lives. this is a task for the institutions of the european union and for the member states in the same way. successful europe is a europe that keeps its he-- adheres to treaties and promises. we didn't always achieve that. we had conclusions from the european council on the 23rd and 24th september 2000 in lisbon, the union gave itself a new goal for the next ten years to make europe to the most progressive and dynamic, successful economic area with more work and greater social coherence. these were p

so causing shockwaves certainly in the united kingdom which may no longer be a united kingdom after this vote. donald trump though going on to say that if the pound devals, it wouldn't necessarily be a bad thing at least for his business because more folks would show up to turn berry, more overseas tourists. the dollar strengthens against

. >> the sun has risen on an independent united kingdom. i hope this is the first step towards a europe of sovereign nation states trading together, neighbors together, friends together, but without flags, anthems or useless old unelected presiden presidents. >> this morning president obama reacted saying in part the people of the united kingdom have spoken and we respect their decision. the united kingdom and european union will remain indispensable partners of the united states even as they begin negotiating their ongoing relationship to ensure continued stability, security and prosperity for europe, great britain and northern ireland and the world. we've got it all covered on this friday morning with our correspondents stationed around the world, with our experts as well. we start with msnbc business correspondent olivia sterns live on the floor of the new york stock exchange. let's start with the markets right now, olivia. where are we? >> reporter: we are off by about 430 points, craig, which is a drop of 2.4%. it could have been worse

the united kingdom voting to leave the european union. back with market reaction next. the lexus gs f sport. because the ultimate expression of power, is control. this is the pursuit of perfection. to make getting here easy. of flight combinations because the hardest part of any trip, should be leaving. expedia. technology connecting you to what matters. think fixing your windshield is a big hassle? not with safelite. this family needed their windshield replaced but they're daughters heart was set on going to the zoo. so guess what, i met them at the zoo. service that fits your schedule. that's another safelite advantage. ♪ safelite repair, safelite replace. ♪ >>> we have back with the historic night with the u.k. voting to leave the eu, 48% to 51.8%. as we have been talking about, so many people in shock. 1:23 in the morning here. 6:23 in the morning in the u.k. i can only imagine the feeling of so many people that voted to leave the eu thinking it was just a vote, a symbolic vote and not thinking it would lead to anything. a lot of

brexit negotiations with the united kingdom. i was speaking with one diplomat who told me there will be no niceties in those negotiations. they want them to happen wrappedly. i was speaking to another senior diplomat who took a more cautious tone and said they're waiting to hear from british prime minister david cameron. waiting to hear what he has to say, also expressing confidence in the european institutions that they can deal with any number of crises, whether it be a migration crisis to a financial crisis and now a brexit. >> thank you very much erin mclaughlin who is in brussels. and there will be reaction in the coming hours. >> the london skyline as seen from the air, some of the iconic buildings as britain wakes up to an extremely different reality. it is 7:45 a.m. in london. that means markets open in about 15 minutes. we're expecting sharp declines at the start of trade. >> the dutch prime minister has been speaking. and he says the british brexit vote must be stimulus for more reform in europe. >> wow, this is a mess

the special relationship between the united states n the united kingdom is enduring and the united kingdom's membership in nato remains a vital cornerstone. now we are over five minutes away, and we will have the opening bell on wall street. we expect the markets to have an impact of what has happened in the uk. we've seen markets drop in other global sectors that have already start the day around the world. one major consequence of today's vote, british prime minister david cameron announcing he'll resign. >> i love this country, and i feel honored to have served it. and i will do everything i can in future to help this great country succeed. >> let's go live to london's nbc's keir simmons. he's been following all of this. this news statement from the white house from president obama saying they respect the decision of the uk's people. but also, within the second line of this talking about the strong relationship the u.s. has with the uk and bringing up nato. this is not like the uk is leaving nato. >> that's right. the uk isn't leaving nato. i think there are a lot of moving parts. let's b

june 23rd, independence day in the united kingdom. nicole: stay with foxbusiness for coverage of the e.u. referendum, special coverage begins at 7:00 pm eastern and goes throughout the night and join us tomorrow for "fbn a.m." special coverage. we will get up early, starting at 4:00 at 4:00 am eastern on the foxbusiness network. >> i will choose not to sleep tonight because this is an exciting time in history. how will this affect germany? europe's biggest economy. let's talk to adam shapiro following this part of the story and the odds leaning -- joining us from berlin, adam shapiro. >> in berlin they are hoping political figures are hoping the uk and its citizens will vote to remain in the e.u.. on glimmer, has been cautious in her statements and you see her office, she is meeting with the austrian chancellor and holding a press conference but she is not expected to address the vote in the united kingdom, she is more concerned with the economic situation between austria and germany. the finance minister has been very vocal, coined t

decision made by the united kingdom government and united kingdom parliament and it has to be done in that way. i'm what he said about racism, we should all reiterate statements lead reiterate statements we've made to e.u. nationals here. thank them for their contribution, say the rates are guaranteed in the e.u. would work even harder i am sure for all contenders in the conservative leadership campaign and make clear that they want to safeguard the rights of people who work here instead to hear from the european union for the future. finally, what he says about the fiscal rule, does fail like a stuck record. whatever the problem, whatever the issue come the dancers were fired, more spending, more taxes and more debt. you don't get investment in the stew of economics ability and you don't have economic stability if you don't have a plan dealing with your debts and deficits. this has been proved the world over 30 favorite countries like venezuela. i would argue not to go down that route. >> sir william cash. thank you, mr. speaker. my right honorable friend quite rightly has referred t

the united kingdom government and united kingdom parliament and it has to be done in that way. i'm what he said about racism, we should all reiterate statements lead reiterate statements we've made to e.u. nationals here. thank them for their contribution, say the rates are guaranteed in the e.u. would work even harder i am sure for all contenders in the conservative leadership campaign and make clear that they want to safeguard the rights of people who work here instead to hear from the european union for the future. finally, what he says about the fiscal rule, does fail like a stuck record. whatever the problem, whatever the issue come the dancers were fired, more spending, more taxes and more debt. you don't get investment in the stew of economics ability and you don't have economic stability if you don't have a plan dealing with your debts and deficits. this has been proved the world over 30 favorite countries like venezuela. i would argue not to go down that route. >> sir william cash. thank you, mr. speaker. my right honorable friend quite rightly has referred to trading

we are not the united kingdom. i mean, if brexit or the equivalent thereof were put to the united states, we're talking about a third of the electorate that are nonwhite. >> the irony are the u.k. and u.s. are two of the best countries in the world in very cosmopolitan ways. in trump voters, the average income was $74,000, well above the median. it's a sense of collective as much as personal loss driving a lot of the voters. >> woodruff: two other things. one, the supreme court decision this week effectively, would it mean the president's effort to at least provide some protection for those undocumented immigrants in this country, maybe the parents or children of others here legally, the court said that will go back to a lower court, we'll see what happens, but it's a big setback for the president. what does it sau going forward? >> it's a setback to his legacy. it's saying senators voted for a solution to this problem in 2013, to let people come out of the shadows. that parents of children who were american citize

the prime minister from the unit united kingdom said let's get this going. there will be no formal negotiations until article 50 is inv a lot of people say that needs to happen, and then there is the man who led the united kingdom independence party. we interviewed mr. farage, nigel farage. he spoke to eu members this morning and pointed out they have not listened to europe and said, these are his words, a proper job in your life. listen to what he said. >> what i said is it's in the interest of you guys more than us to have a trade deal. they booed and jeered. none of you have never had a proper day's work in your lives, never had a proper job. they don't understand how political ideas work. they want to build a united states of europe, despite the fact the people don't want it. >> reporter: liz, just want to wrap up with you letting you know that marie le pen is here, and she said to the same members of the european union parliament what the british have done, the brexit is a vote in favor for the democracy. there is an undercurrent there could be more ref

kingdom and the united states as well. is it too big a leap to make to say we are in a mood where people want change from the economic status quote? -- stautus quo? mohammed: oh , absolutely not. that is the case. people have lost trust in the establishment. they have lost trust in the business elite and in the politicians. and they have lost trust and for good reason. if you were in the western economies at low growth for a long time, the new normal which we have done, and if the benefits of that growth goes to a small segment of the population that is already better off, then strange things start to happen. and this is not the first range thing. we already have -- this is not the first strange think it we already have negative interest rates on 30% of global government debt. that is an absurd notion, the notion you lend money and pay for the privilege. it has become a reality. brexit has become reality. mr. trump has become reality. and the longer we continue running these sophisticated economies at low growth and worsen

this is a question of the united kingdom and who governs the united kingdom and who makes our laws, controls our borders. in the longer term, who actually controls our economic destiny. i think voters looked at the economic catastrophe of europe. such a strong influence on how people have voted. >> you have been in that parliament. you know who makes the laws. you're a defense secretary. all those big laws, all those big powers britain has are made in the building behind us. you do control your bourder. in a way do you think people will wake up and say what on earth have we done? particularly with the division between metropolitan and the rest of england. >> big difference between metropolitan britain and nonmetropolitan britain. and it sort of amplifies that message that there's a march of anti-establishment politics and the elites are not listened to in the way they were about of. >> is that a good thing? you are one of the elite. >> this has been a great celebration of our democracy, the fact that they've been able to give instruction about how to deal with this in the future. i don't inc

quote, we respect the choice of the people of united kingdom. that the united kingdom have made. this time of uncertainty only underscores the need for calm, steady, experienced leadership in the white house to protect americans pocketbooks and their livelihoods. going back, steve to the underlying theme for everything she talks about will get back to temperment. whether economy, safety, no matter what it is, tried to allude to it once again with the statement. >> amazing how the establishment politicians can continue to try to tell us how we should live. we are in the midst of a worldwide rebellion against the establishment. hillary clinton represents the establishment in the united states. just like uk, the decided to leave to get out of the european union, i believe that the american people are going to send her walking come november. donald trump called it and this is going to help him immensely. charles: i will say one thing, gene that, the demographic makeup is different in the uk than america. that works to hillary clinton's advantage. i think, if i'm in donald trump camp,

essentially of the united kingdom. that could be in the future. but in the immediate term we have of course in the next few hours, we have the announcement of the final vote. we have most likely a statement from prime minister david cameron on one hand to settle the markets a bit, to try to anyway. and reassure the country. and then moving forward in the next week or so a trip to brussels to the european union, to the european union headquarters to invoke what is known as article 50, setting in motion this exit plan, a two-year exit negotiating -- the uk negotiating its way out of this union of 28 countries, lawrence. this is going to be a very protracted and potentially painful two years, depending who you listen to. >> kelly, thank you very much for that update. back here in the studio with dominic rush. let's talk about that negotiation. it is going to be much more complex than the original negotiations to join since over the years the layers and layers of complexity thicken on this. the uk cannot just say in those

kingdom is unlikely to stay united. they're going to have the spin-off of scotland and quite possibly northern ireland. >> andrea look this is a crisis, and i guess we should take comfort in the fact we're not alone here in america. distrust of institutions. it's not just an american phenomenon. >> i think that's the other reason to your first question the other reason for the his hesitance of the white house. on social media i think effective snarky video was tweeted out against donald trump for being so involved with his golf course rather than with brexit. but the fact is they are vulnerable to the same tsunami of populism. we've seen it with bernie sanders, they have seen it with donald trump and this is a flashing warning sign politically for the democrats in this election year that they have to be concerned that there is this vote this popular uprising, against elites against conventional wisdom, against stabldestablished politicians, class frustration and against immigration. that's what sanders represents that's

it's 7:15 in the united kingdom. the british pound is down to the lowest it's been in 30 years against the u.s. dollar. there's a lot of fear there as we look live at london. you would certainly think that david cameron would want to come out of 10 downing street and in some way alleve some of those fears. the sun is already up and i'm sure people were making up to this news. >> the calm very much in shock. i want to thank tom and jessica for joining us this morning. we're supposed to hear from david cameron, we're hearing, in the next 45 minutes. >> it would make sense before the markets open as you a currency dropping like this has enormous affects across the entire economy and what it does to the euro. >> i don't think we realize how connected we all are to each other. and when one nation goes through any sort of turmoil or any sort of change, just the ripple effects that happen and what happened in the u.s. stock markets over the possible greek default on bonds, which could been a significant issue. but certainly

i do not think the united kingdom is central to that. the reason banks are based in london is because london is the natural financial center for the european time zone, and a wealth of activity unrelated to transactions in euro areas takes place here. firms have chosen to locate their staff here. no one forces them to. they chose to place them here. tom: i know francine has many things she wants to adjust with you. usn greenspan flat out told yesterday that scotland would leave mervyn king's united kingdom. do you agree with chairman greenspan? i very much hope that scotland will not, but i fear the arguments put forward on the referendum for scottish independence two years ago were rather reminiscent of what we characterize the eu referendum campaign here, and there has been a backlash to that. i think it is a more likely prospect that has seems to be the case, but i very much hope that if there were another referendum the westminster government would put forward a strongly positive argument which would say we value scotland, we want sc

is notted kingdom necessarily a divided nation, but it is a divisive question that has left united kingdom pondering its future in the decades to come. d a lot of -- laura: a lot of people have chosen to come out to vote today . turnout in the general election last time was 66%. it's expected to be a lot higher today. it to beare expecting considerably higher. there are 2 million people who have registered to vote over the past six months or so. that has likely increased the turnout. big ben has just struck 8:00 p.m. here in london. there are just two hours left people to cast their ballots around the country. we don't know which side the high turnout is likely to favor. we do know that, more emotionally involved voter on the brexit side -- we've seen some terrible weather here in london and across the southeast of the country. that's likely to have reduced the turnout in those areas. it's too early to get an idea of the turnout itself. we are expecting it to be higher than last year. we are likely to find out a better picture once the polls close. we will have to wait until some way throu

have exposure to the united kingdom. what would that be? well, on your screen united continental, american airlines, delta, all moving lower. united down about 8%, and as you know easy jet out of england, the reason the british air and easy jet just got crushed and downgraded and price targets lowering is because everybody wants to know will they just have open skies? which is what they've had in the past to any country in the united kingdom. now maybe not as these negotiations have have to at least begin on extricating themselves from the european union. everybody keeps talking about the financials. i need to real estate. one of our traders said liz, nobody is talking about real estate. real estate is getting rocked at the moment. they're getting crushed in the group together, they're getting really hurt. i can't believe it but 26% down for the year. but adding another 6 to 8% as you see it has been a very tough time and, in fact, you have cbre groups down 10% at the moment. are you a believer in the euro that it will g

scotland voting to stay in the united kingdom, voting to stay apart of the united kingdom and the big factor is there were concerns of scotland itself can become part of the european union and desperately wanted to stay which is why they voted to stay in the united kingdom. now, this vote happens to leave the eu and there is new talks of yet there is new referendum in scotland. the scottish's leader spoke about this. she did not go so far as calling for another referendum. this voting in scotland is indicative that people in scotland wanted to stay in the eu. that's maybe the direction that scotland is going sometimes down the line. as for northern ireland, slightly different situation and the population is different there and the vote was different there and which i think 55 or 40 some in favor of stay ing in th eu of a remained vote, different demographics when it comes to ethics. northern ireland, some leaders talking about the possibility of breaking away from the uk. a lot of disruption and a lot of uncertainties of what will happen in the years to come. >>> kelly, thank you so m

one of the significant effects will be the united kingdom itself, what does it mean? it is hard to argue that britain that the united kingdom will have more influence if it does not include scotland and northern ireland? it will be somewhat diminished. it will still be an important player. i think the country has so much to offer the world. it is important, but the role in the world will be somewhat diminished. . they are part of the euro, for example. in isvantage of being .hey can shape the policy the influence will be greatly diminished. . host: next we have kathy colligan. you are on with daniel griswold. caller: i heard yesterday that votean leading the leaf says the money they have been paying will now go to health care. what has the money been used for european union. guest: boris johnson who is a conservative member of parliament basically led the leaf campaign. pounds, save millions of per week and put it in the health service. out, butdoes send them of course, they get money back. what does it go to? things like supporting the administration, stuff that we w

the united kingdom voted to leave the european union. not sure if he has talked about that just yet. china weakening, that is the most since we saw in august. we will continue to watch the headlines coming out. it's go to david, keeping and on the market. -- keeping an eye on the market. david: talking about the need, the importance of keeping the international financial system stable. they do remain committed to reform. equity markets looking like this. not as bad as friday, but not much better as well. equities in most the u.k. and u.s., oil prices are also getting sold it down as well. looking at gold, getting more and more precious every day. i will be back with more in a few minutes. you so much. the markets will be looking for any additional signals on the timeline for a brexit. david cameron addresses parliament today. the conservative and labor parties -- lyrical chaos. -- political chaos. >> we have seen the prime minister step down and no successor has been named. in the opposition labor party, there has been a call for the lea

the united kingdom is anything but united. scotland possibly breaking apart. northern ireland where the peace process is intertwined with eu laws. a huge problem may room -- loom at this problem. london does not want to remain. and the rest of england and scotland who want to go. saying it is not united in the question is what's going to happen next. he has said he wants to take his time before he triggers article 15 which would start the process. there may be a pressure by other european union's to act quite swiftly. there is so much that he will have to sort out. who is going to be the successor. there is so much ahead and it's a big unknown. this is only day one. >> we solve this vote coming down including region, age and wealth. you are in london today. what have people been saying? >> people are saying the thing has happened of course. the issue is the main debate amongst people. we have a monumental decision. there has been a long process of taking the u.k. out of europe. we will see how that goes. many are concerned. i took a train to the brexit tier ho

in the united kingdom where the united kingdom, it's voters have shaken up world markets. they voted to leave the european union. we can now officially say good morning. >> good morning. i'm abbey huntsman. voters have spoken. they want to leave the 28-nation block, soon to be 27-nation. it is a process that will take at least two years. british prime minister david cameron, says he won't be the one to leave the country during that process. >> in the only way i know how, which is to say directly and passionately what i think and feel head heart and soul i held nothing back. i was absolutely clear about my belief that britain is stronger safer and better off inside the european union. i made clear the referendum was about this and this alone, not the future of any single politician including myself. the british people have made a very clear decision to take a different path. as such i think the country requires fresh leadership to take it in this direction. i will do everything i can as prime minister to steady the ship over the coming weeks and months but i do not think it

. >> we very clearly need to do what's in interest to the united kingdom. we have to get ready and make sure we have the right team in place. we will have to elect a new prime minister who takes the key decisions about when we trigger article 50. what will happen over the next few months is that there will be informed discussions between ourselves and other capitals. of course, there will be discussions on how things go ahead. the formal process will not start until we are ready. to francineet lacqua. said weekend when many there was a vacuum at the top of the government, it seems that if the likes of jaws john osborne and david cameron have come out fighting. francine: they are trying to give a sense of unity, but i do not know if there's a sense of unity . everyone is pushing back including john osborne could he decided to give a speech since we have not heard from him since 7:00 london time. it will be up to the new prime minister to trigger article 50 . who is the new prime o minister? that is what the markets want to know. isknow that david cameron alm

scotland is threatening to breakaway from the united kingdom. here on bloomberg television we capture the drama in those stunning charts. we heard from the u.k. lytic leaders as they reacted friday morning. >> the british people have made a clear decision to take a different path. as such the country requires fresh leadership to take it in this direction. >> nothing can change over the short term except work will have to begin to extricate the country from the supranational system. >> i intend to take all possible tops and explore all options give effect to how people voted. in other words, to secure our place in the eu and in the single market. >> 70 million people have said we must leave the european union. we now need a brexit government that gets on with the job. renegotiation of our trade relationship. spoke.ill gross i talked to earlier in the day and asked for his thoughts. have a look. successful been storming of the gains of finance. there's a growing sense of frustration about the benefits of free trade for them and immigration to them