. they picture there is still so much uncertainty about the italian banks in the euro in particular which is only 21 month low. reporter: there really is a concern about what happens at the recapitalization plan. really the major issues they haven't yet found. the ecb does step in. there's not that much they can do. we get more color when they made for their december policy meeting. that'll be interesting as well. the political thing doesn't change the low growth at home with high debt to gdp ratios and a problem the banking sector. cheryl: the data in italy only second to greece right now which is not a good sign. the populist movement started in july of course it written with an eq. do you think italy could follow britain out of the e.u. based on what we've seen in this referendum? >> it seems unlikely given that fact it's an unlikely event paid to probably get a government that oversees further reforms and that might help to keep the government from power for the time being. it will always be there snapping at the heels of the government. the question is how long can austerity me

fractionally, $12.70 an ounce. nicole: the pound at the highest level of 2016, the euro, the pound against the euro's -- the us dollar. donald trump weighs in on the british exit and we have more on that with "mornings with maria". >> it is a mess. when you look at what happened as an example, the migration, the things going on over there my inclination would be go it alone. nicole: we will look at how washington views the british referendum and wild weather hits the midwest. tornadoes touching down in illinois. maria molina will have the forecast. you are watching "fbn a.m.," your first look at morning markets and breaking news. it's more than a network and the cloud. it's reliable uptime. and multi-layered security. it's how you stay connected to each other and to your customers. with centurylink you get advanced technology solutions, including an industry leading broadband network, and cloud and hosting services - all with dedicated, responsive support. with centurylink as your trusted technology partner, you're free to focus on growing your business. centurylink. your link to w

? they didn't vote for the currency and they kept their british pound or they didn't go for the euro and didn't fully totally adopt immigration procedures but it has not turned out to be what everybody had promised. is that the fault of the european union itself or is that just global economics and we are living through different cycle? >> it's just evolved that way and as you said earlier back in the 70s when the uk voted it was all about the market as it was called back then one giant market where tariffs wouldn't be imposed in a made perfect sense but it's turned into this political machine and it has to be said in a very dysfunctional political system where there is a lot of infighting. they will have a meeting at another meeting and oh by the way we will have another meeting and it's difficult putting monetary and fiscal policy together making a cohesive. the sense of it moving ever so closely to the united states and europe run from brussels with germany calling all the shots. the immigration issues, yes that is something that certain i got a lot of play here but i think brusse

europe, the euro skeptics, many of these 2countries, they have had a terrible year. they have been fraught with not just immigration issues but migration issues. this has great predictive value in the eurozone and united states. stuart: i think is the beginning of end of european union. that is my personal opinion. liz: we have other news. leader of uk independence party, nigel farage says david cameron should resign immediately. >> he may not. one thing it takes two years, if they indeed vote to get out of the eu, there is a two-year window where they are erms of the exit. david cameron suggested he wants to stay on to manage some of that. stuart: with us now, from england. robert phillips with us. business editor of "the sun" newspaper. britain's largest selling program. welcome to the program. we're looking at bloodbath on america's markets tomorrow morning. we had all the forecasts it is real difficult time for the british economy if indeed they vote to leave. what do you say, rodney? >> it has been extraordinary, extraordinary evening has it stuart. stuart: yes. >> when market

%. people buying gold. that's your safe haven of $4. >> nicole: you the euro and japanese yen stronger against the dollar. certainly weakness in the uk powbd. that's been a big story in the uk pound and the canadian dollar and the peso also pulling back. >> lauren: yield 2.14% down. >> nicole: help spark a global market selloff. his country is to deploy and u.s. sent nuclear bombers after the north tested a nuclear device. white house casting doubt on claim. >> the initial analysis that's been conducted of the events that were reported overnight is not consistent with north korean claims of a successful hydrogen bomb test. there's nothing that's occurred in the last 24 hours that has caused the united states to change assessment of technical capabilities. >> the un security council with a new security meeting to impose sanctions in north korea. >> lauren: here is a look at the headlines in the wall street journal. here is the fist one for you. the restaurant chain got a subpoena in a criminal probe tied to food-born illnesses at a california location and then you have united �

. >> i have a slightly different take than focusing on the system or the euro-crats my opinion is they should stay for multiple reasons. the whole world is moving toward mobilization and more interconnected opportunity. my take is focusing on the individual. we see 18-year-olds in london building app companies and selling them to yahoo! for $30 million. they don't care whether the european union has uk or not. they're taking advantage of technology. they're taking advantage of opportunities. listen it is a good idea for the uk to stay because really i think it is all about the trade. all about the trade. trish: the city of westminster. listen in to sky news now. >> 2016 authorized to do by the regional counting officer, give notice i certified the following. total number of ballots counted was 78325. the number of votes cast in favor of remain was 53928. [applause] votes remain. the number of votes cast in favor of leave, was 24268. the number of ballot papers rejected was as follows. for no official mark. nil. voted for, 47. writing orb marks which the voter could be -- trish: you hea

economic might. where does that leave the euro? ultimately we are talking every country. but as more get out, the less effective the whole thing is. that lead to the demise of the euro swap? >> absolutely. that is the threat right now that what we have had is many years, not eight years of really very poor economic performance. a lot of countries feel that they stuck within the euro straitjacket that doesn't allow them to have their own monetary or exchange rate policy. what they've had is very high levels of unemployment in particularly high levels of youth unemploymen is now spinning the populist wave across these countries. we are probably talking about the euro has been under threat. it's not something that would occur immediate need. it would occur within the space of a year or two. charles: i've watched this euro skepticism over the last half-dozen years exposed to the point where brohm elected a eurosceptic and their first woman mayor. what about the notion that these countries that the setup is have some responsibility towards policies that actually trigger growth. you can't

interested in seeing what will happen to the euro. the euro has hung in there and there's going to be more stimulus out of the euro zone, the ecb appeared to euro to me has a lot of risk else into it as a currency. you have seen the euro hangman, which has been a surprise, what's your point is a detriment to their economy. they made the euro to weaken as well. maria: the bank to bank and voted eight to one to keep rates to 0.5%. they wanted 25 basis point cut. what is your take? >> tried to show a sign of confidence come to give some stability to the market place. they do have august coming out. why over react within this period of time? >> it's a fair point. we've seen this or send the stock market, s&p futures, the reaction in europe so far not been so good. lost about half a point to major averages. it goes to show you how addicting this market days. she's so i'll bathe the other day founded trillion yen and the in the couch cushions and japan have brought out of the market. how is he can't credibly. it's so bad that if you don't get it, it may be the end of the rally. maria: talking to

year bond yield is going to fall by the biggest daily amount since the 2012 euros on debt crisis so they are falling further into negative interest rates where you lend money to the government and you don't get it all back. >> i don't know what on earth the central bank can do on a friday morning. i just don't know what you can do. is that helicopter money and you chuck it all over the place? >> the interesting question is just how liquidity and how money moves so much faster and it's such greater quantities than in the past. if you discuss this tonight, the canadian dollar had very little impact. how does -- has the regulation kept up? stuart: is 1:13 eastern time a.m. on friday. a lot of our viewers our viewers a look at this program right now and thinking in eight hours time the stock arcade opens in the financial markets will be opening up. should we be really really concerned about a very nasty, dirty carabbus open because it looks like it's going to happen. >> we will have a couple of early warnings. if you think about in australia there are a couple of stocks that trade in au

fact, you have cbre groups down 10% at the moment. are you a believer in the euro that it will go down? if you believe that the euro will go down, there's something called drr. double euro short. every time it goes down, you've kind of got a double move on the upside. that he is moving higher by 2 and a third%. etf, short currency, and, again, when you see the currency falls, crr impose up, and we do have the euro falling. bank stocks falling off a cliff. that's been a two-day story friday and today we've got the biggest two-day drop in five years for the sector. wells fargo, goldman sachs, we can't show you these enough that investco is looked upon as a proxy for the brexit. why? fell they really morning below 1.32. so you've got investco down nearly 10%. let's bring back in all of our traders and market experts. spirit back with us from euro pacific, brad is the former lehman brothers and of course scott and larry as well. i want to get to scott first right off the bat. you and i were talking just a second ago. you said traders are looking for one thing and that is what? >> well, the

has resented the fact the uk was not on the euro. they resented fact that euro trading was centered in london. now that we have this vote i think ecb has more evidence to say, you know what? we need to remove london as a as a center. >> what takes its place suddenly tell me paris is the financial center of the world? >> no, ireland. really look at ireland. ireland is where many people are looking. that is a probable place it could end up. trish: you bring us to the next step, right? because scotland, they voted to stay in. ireland voted to stay in. >> scotland voted to ski seed. >> my sense it would be a bigger city. you could argue for frankfurt but, you know, well-heeled financiers don't want to live in frankfurt. they don't want to live in ireland. they probably want to live in berlin or live in paris. i think it will be euro based center. >> paris is too expensive. high transaction costs. >> i don't know that i buy this, guys. i think london has a lot going for it. it would take a lot to sort of destablize the entire financial center of europe. you think this event is going to d

against key currencies. japanese yen, canadian dollar and euro weaker against the greenback this morning. lauren: the treasury 1.75%. nicole: coming up from a gop presidential candidate except an endorsement from the world of nascar. >> about is winning in business and success. i'm here to tell you he went with his family. he does. nicole: we will tell you about that. in sports, returning to the top college basketball ranking and has an easy time at number 23 texas and patriots quarterback tom brady reportedly has agreed to a two-year contract extension. all of those stories and more. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ nicole: cool hand luke starr george kennedy best remembered for his tough guy characters. kennedy won an oscar for best supporting actor. kennedy became one of hollywood's most recognizable supporting actors. several actions played leslie nelson and the gun movies in the business rival, the final seasons of dallas. church committee passed away sunday at his idaho home. he was 91 years old. lauren: let's take a look

course of trading. stocks are up as well. strings for the euro for the euro, pound, canadian dollar and the peso versus the u.s. dollar. nicole: let's take a look at the latest from the world of sports. wimbledon began yesterday. the world number one won in straight sets. 64. venus williams by a score of 7-6. number three, roger federer finishing the second round continues at 6:30 a.m. eastern time. he has a very interesting opponent coming up and that is marcus willis a tennis teaeacher on the verge of quitting. his new girlfriend convinced him not to and then he won. upset ricardo branca sue is ranked 54th in the world. talk about an upset appeared will be on wednesday. nicole: he will not take the minivan to six team even includes coach reacted quickly as he immediately quit. coach ray hudson contract was due to expire after euro 2016. he expected there's no way he could stay on the job after this. lauren: another loss for england. thunderstorms hitting parts of the northeast. extreme heat building once again in the southwest. they heat up as red hot. maria molina live in the weather

union. we have to do all sorts of things not appropriate to us that the euro bureaucrats force us to do. there is sort of anti-establishment fervor in britain just as there is in the united states. just as there is all over the globe. what do you say to those people? >> well, i actually agree with a lot they say. look european union, the biggest problem with it, 2countrys with different motivations and different politics. some of these countries have destroyed their countries with massive amount of debt. guess what, other countries picks up the debt and guaranty it. i think some people are tired of that. i think part of it is, exactly what you're seeing right now. so i get it. for me, there is going to be event you alty of european union. greece will not pay money back. italy is in dire straits. that is being plastered over with more debt. there could be trouble down the road. this i think could be an eventuality. david: strong arguments on both sides. there is price to say for both with either decision. we'll see how it shakes out. gary, thank you very much. melissa. melissa: wildfi

feet. this doesn't happen overnight. the euro skepticism goes back a minimum of five years or even longer. this has been building for a long time. lauren: charles, it's lauren, the fact is for every 10% increase in migration, you typically see a 2% decrease in wages. that's something that is frustrating people in great britain and certain the blue-collared workers particularly right here in the u.s. how do we go about changing that? >> well, the dynamics are somewhat different here in america than u.s. a lot of them -- you have two different immigrant in america, the ones who come in and take the low-skilled jobs that most americans don't want and by the way they don't have to take welfare programs and the other end, highly educated ones that by the way, silicon valley businesses started by immigrant than americans. it's a little bit of different dynamic. this is one of the problems that's going on with europe, low birthrates. you need people to keep economy going and unfortunately it's caught up to them just like it caught up to japan, so the tension is going to be there. it's goi

future price of oil. >> oil is declining in the united states for nine points 7 million euros a day down to 9.1 now. >> where is the price going to go ?-que?-que stion-mark >> the price is going. >> how much? >> become the 60 by the end of the year. nicole: interesting. by the end of the day, liz will be joined by the famous twins. lauren: and asia, this is house stocks trade. the shanghai composite in china was downed fractionally. the nikkei in japan up almost half of 1%. there's speculation the bank of japan could expanded stimulus program this summer. the hang seng in hong kong down .7%. nicole: here's a look at europe right now. looking at the financial sector under pressure. the london ftse done fractionally. german dax down one third of 1%. today's the day we hear from the bank of england. lauren: they call it super thursday. up 64 points looking at dow futures at 23. s&p futures up 9.5. watching oil closely. that is up 1% at 43 cents. gold is down $2.60. lauren: this is how the dollars trade-in against key currencies. strengthen the canadian dollar in the mexican peso versus the

there. here is how the dollar is trading against key currencies this morning. euro down just a little bit. mexican peso up just slightly. investors in the u.s. following another massively day of trading on friday. so far this year, this dow industrials and s&p 500 are down at least 8%. nasdaq composite is off more than 10% and so joining us now to break this with his take is bill, a chief economist. good morning, bill. what are you telling your clients this morning? >> one of the things and you can start with the frivolous report that is i got from major brokerage firms, to be perfectly honest, my feeding the way we saw an uptake early on the opening in europe this morning was the simple fact was forget oil, iran could be, will be and should be a major exporting nation both for here in the uk. that was the reason why we saw the early opening right now. but the simple fact is i'm telling my clients like anybody else remain in the bunksers, the market is still going to continue to correct itself. but one of the things i have to agree with and anybody who knows me, i was expecting the fe

: okay. >> the problem with the next one will be that they use the euro, not the british pound. so right now this is an experimental stage of decoupling and separating the euro, of which i think is going to happen, and all these countries are going to start to go back to their own economics, their own rulings and using their own currencies. we're in the beginning stages, early stages. and what i see is that the bureaucrats or the people in power are trying to retain their power, and the people don't. now, let's get back to the stock market. the stock market just took a major dive off of the british pound being devalued or the market devaluing it dramatically which i think was a little ridiculous. the problem that i see with the stock market is that going forward we're going to have continued uncertainty. stock market doesn't like that because corporations can't really understand how that's going to affect their balance sheets and income statements. therefore, there's a big difference between where the stock market is now and where some of the levels of treasuries and currencies are

to the upside to the up arrow for the japanese yen against the greenback euro also stronger. on the other hand the u.k. pound canadian dollar are weaker against the u.s. dollar. the 10 year treasury has been climbing 2.58%. five days after the central bank hiked interest rates for the second time in a decade, possibly offering more and died in to what the fed is thinking heading into the new year. trade to move on over, pokÉmon go. nintendo's super mario rudd is a ministry to the top of the top charts. 5 million downloads worldwide according to industry tracker's. they are free to download. but here's the catch. the latter, the mario game will cost you $9.99 for full access. you can go first four novels but beyond that you need 10 backs. some lukewarm reviews, nintendo stopped at more than 11% since the game's debut. my son loves this and pay the 10 bucks. lauren: apple an island teaming up to appeal this week. i thought mr. rowland by the ee of ordering apple to repay $14 billion in back taxes. e.u. regulators ruled that apple's culture verso deal was illegal. apple paid almost no

dollar, of pound sterling. and the e-- the euro. you know. the british have had best of all worlds in terms of maintaining an inspect currency and -- independent currency and association in broader market of the e.u. >> yes, 20 years or so ago when uk was making the decision, whether to get rid of pound and join eurozone, the same kind of predicts were made, then, and as they are made now by those who want to remain, if britain does not join the euro it is the london, and international financial center. none came true. yesterday, very interesting head of german national association, manufacturers counterpart, said that he hoped that britain would remain, but if it left, german business would insist, his word that terms of trade remain the same because britain is such a big effort market for --ic export market for germany. lou: i could not agree with you more. you know what the business press gets overheated. it is so unseemly, ambassador john bolton thank you, and kt thank you. >> thank you. >> lou. lou: back with us at 8:00 show as we continue our special coverage on count down to de

composite up. ubs weighing on markets as well as stronger currency, stronger euro, rather, hitting against the dollar. u.s. stock market futures a lower opening. take a look at where we stand. dow jones industrial expected to open 110 points, two-thirds of 1%. we are waiting on earnings and economic data, that certainly will set the tone. we have a can't-miss lineup this morning. john is with us talking about these markets, trump campaign sam clovis is with us ahead of indiana. juan williams joins us and laura engram and former tucker tooley with us. do stay with us. we kick it off with the stop story and that's, of course, indiana. critical battleground in the race to the white house. democratic and republican candidates fight it out for party's nomination. >> they've been calling me specially over the last week because we had the big win in new york and pennsylvania, all the other places, maryland, we had the massive wins, they were landslides and everybody is now calling me wanting to get on and one particular call said horrible things, donald, i want to endorse you, i want to g

whole time euro in crisis the european economy is conattracting going down. dagen: to that point i think the american people given our political situation right now firmly understand, what was going on in britain, certainly better than some of the elites in britain and some of the celebrities low are in favor of staying in junieuropean i kn investors here, there, everywhere in terms of they don't like being told how to feel. >>. maria: yes, you are absolutely right-onon you really got it you got this problem is a understand it increasing -- this is how the european union functions it happens by passing regulations, behind closed doors we have a proper open democratic system all our speeches on the record, can you imagine, the idea in the united states congress, of people difference what is being on in european union we don't have kind of openness that they do passing legacy around the commons ictself. maria: i totally understand but what about the domino effect let's take scotland, where we know, that they would like to remain in the eu. . on the phone: yes. >> do you think scotlan

dominos effect we'll talk more and more, i guarranty you about euro breakup. that's going to come.about it. liz: hold on. what do you mean nobody is talking about it. i tried to ask the european union ambassador to the u.s. mr. david o'sullivan there might be somebody else. he said, no, no, that is not going to happen. is that wish nobody is talking about that spain as an election on sunday. this will influence it. even if this isn't about a referendum. we'll continue to see, we have already seen language coming out of holland about the referendum that they're suggesting. you are already starting to see some parties in france talking about the same thing. you're starting to see them talk about. short to medium term we'll hear more about the european break up with but the part we need to be sensitive to is u.s. dollar, nobody is disagreeing on this, the dollar will strengthen. if the u.s. dollar will strengthen, the chinese yuan is tieded to u.s. dollar. the chinese yuan can not afford to appreciate another 10%. that is going to be serious. you will see a further versus u.s. dollar as we

13-point 4r5 an -- 13.45 an ounce. >> the dollar has been gaining ground with euro or losing -- or at least the pound versus dollar. i always get confused with versus. lauren: 1.51%. >> there's a deal to tell you about tpg has agree today buy rcn and grande money cases, the move is a demand for broadband service wills fuel growth in the business. provides cable phone in the east coast while grande offers services in texas. lauren: we always talk about potential merger. honey weapon well buying jda. would boost honeywell to software deal expected to be announced as early as today. >> elen mosk the cheers of spacex technicians. [cheers and applause] >> this is the eighth launch for spacex this year, a month after the last month. lauren: watching the launches gives me the chill, it really does. retail was the name of the game last week. retail sales were flat. these are the retailers reporting this week. home depot expecting to report second-quarter results, tomorrow before the opening bell. home depot as consumers fix homes, releases results on wednesday. lowe's also expected to repo

currencies. the british pound stronger oakland 34. you can see that the euro, canadian dollar, mexican peso in japanese had all week her. nicole: to vote in the u.k. to leave the e.u. all but two of 33 institutions pass the final round of the fundraisers in a stress test if they were given permission to does dividend and backpacks for sharolders. morg stanley passed the test of whether the fed found weaknesses in internal risk management processes could affect required morgan stanley to submit a plan by the end of the year. the u.s. banking unit sento foreign firms deutsche bank did not pass the test because of the fed's concer about their ability to measure risk. nicole: facebook has come out with more information about how it decides what is 1.65 billion users each time they sign on. this book will give priority from give priority for a user spends at the expense of publishers rely on referral traffic to the site. this follows a report that claimed contracr showed bias against conservative viewpoints from the reporter: topic features. the social networking published its new values, a

the greece default and euro collapse was really dragging stocks down a lot, particularly foreign stocks. you need a crisis to get cheap stocks. stocks have been overvalued most of the time last 15 years except during a real catastrophe. we're not quite as cheap as wewe were 08, 09, or especially 02-03. you have to realize the bond index yields less than subpoena 500 know. you have to shift some of your assets into stock from cash and bonds. doesn't mean you want to consider what i consider deflation risk stocks. things like commodities. yield reaching with high yield bonds. a lot of low volatility stocks are overpriced. overall u.s. stocks and foreign stocks are being more attractive, that is move you want to do amidst all this crisis. deidre: jonas, i heard what you said, you will never get -- maybe not never but rare to get a buying opportunity with a lot of cash. time to put a lot to work. jason as our bear, why is jonas wrong? >> well, first of all, i think this is not the buying opportunity of all buying opportunities since 2011. i think we're going to get increasing volatil

. i'm at the edge of euro-dollar options pit. you see activity here, this market in options and futures active overnight. it calmed down. may not look like it from that picture. back to precious metals. gold up big. silver up big. non-precious metals, copper that is way down actually. that is something you use in construction. the fear this has chilling effect on the world economy. traders here saying you know if i lived in britain i could see myself voting for "brexit" but as a trader, i don't like this because what's next? the complete collapse of the european union? that is not going to be good for markets in the short term for a while. they're reap preparing for this here, trish. may not be pretty for a while. trish: we said this for a while, the eu it is a failed experiment. a lot of us were scratching our heads when they came up with the idea to begin with. it doesn't seem to make a whole lot of sense. reporter: traders would love to see separation of the regulation, overbearing regulation and policies on immigration separated from the benefits of being able to trade toget

project and even a breakdown of the euro zone. there is potential for big fallout from this. nicole: that brings uncertainty to these markets which is why we started out plummeting 800 points in the dow futures. we have come off of those lows but there is still the uncertainty, you mentioned other countries, denmark, norway, italy, any of those could choose to exit the european union. we bring in stephen guilfoyle on the floor of the stock exchange, you have been watching the plunge overnight and it is monumental bringing so much uncertainty and fear, there is the opportunity for traders to get in at those lows and a buying opportunity as well. tell us what you have been seeing and thinking overnight. >> the uncertainty you mentioned is monumental because we have been talking about we would step in as buyers today. the stock 600 overnight, and 8% discount but the uncertainty of all the countries that might leave on their own and cameron resigned in october. mister johnson stepped in and applied article 50 right away. this might get the ball rolling. lauren: article l they invoke that to m

, take a look at the currencies. we are looking at the euro, pound, mexican peso stronger against the u.s. dollar, the yen is weaker today. 1.49%. lea. >> all right, nicole, breaking news this morning, european antitrust regulator planning to file charges against google today. accusing google of breeching eu antitrust rules by imposing strict contractual with service. services pile on top of other accusations that google abuses with android system basically strong phone makers to preinstalling as default on mobile devices. nicole: japanese messaging line is set to begin trading today at the new york stock exchange making it the biggest ipo in the u.s. so far this year. the offering value at about $1 billion. >> ipo investors have been very valuation sensitive and they're looking for stronger more established companies so that's sort of the beginning of how the market improves and then we will see other companies come out. that kind of leaves to why line corp, such attractive ipo to investors, a large company, a large ipo, profitable and seems to fit the bill for what investors wan

penalty of sanctions. they do it in euros and swiss francs. this whole thing stinks from top to bottom. trish: what should the penalty be? to think our own secretary of state and our own president are negotiating with these guys effectively as you point out, paying basically 100 million bucks a head for american hostages, what should the penalty be for that? >> well history is going to exact a penalty because they will go down in infamy for this, their appallingly inept foreign policy and the centerpiece of that was of course the iran deal. trish, we have short memories. you remember the bergdahl case. trade half a dozen hardcore gitmo terrorists for bowe bergdahl. media never explored powerful rumors we also paid a ransom to the taliban for bergdahl and haqqani. >> what is going on? you think this is something about obama and his administration? he is will tock go places that -- willing to go places historically we never go for reasons you outlined? >> obama is supposed to be a constitutional scholar. doesn't have much respect for the constitution. he defies his own justice department

ever seen anything like that. >> 1992. stuart: that's a long time ago. >> when the euro-- >> that's a long time ago. >> the pound moved 11 cents in one hour, that i've never seen quite frankly one thing to take to the bank, the change rates never worked and the euro-- >> it did nt sell off 11 cents in one hour. stuart: i'm sorry to interrupt you. i got this from the floor of the new york stock exchange. the sentiment among the traders are very much in line with you, anthony. we'll get a sharp plunge tt the opening bell, but we'll come back, that there will be bargain hunting. >> the united states is a safe haven in a time like this and that's why the flood of the capital is going into the treasury as well. stuart: the u.s. dollar is doing straight up. if you're somebody in europe and britain, you want a safe haven and the safe haven is dollar-denominated assets. whether it's a u.s. treasury bond or a stock. are you with me, jack. >> up to a point. he think you'll watch the banks and seal them sell off several percentage points, but nothing that supplies any risk. they shut up shop in

? >> i don't think there will be any more referendum votes but i think the euro currency is in danger of falling apart. without british money you may see greece leave the euro in the next 6 months. but when there is drama for you and that is what i want. how about boris johnson, stabbed in the back? >> slightly stabbed in the back. michael rose may well be the next british prime minister, he was the man to leave the country. stuart: we asked to get all of that in and she did it in 30 seconds. if you are not careful you will be back. one last check of futures before the market opens, we will be up ever so slightly by six points. i will call them basically flat. "the opening bell" is moments away and we will take you there. there's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always b

, euro star is now saying no trains are currently running two were from brussels. passengers are being advised to phone the journey is. they are terminating. brussels customer should not come to the station. at going up faster than the brussels crisis center of the same two people in brussels, stay at home, stay indoors, stay away from crowded areas. professor of international security. how much is the security? >> good morning. we have to keep in mind essentialessential ly that it's very difficult to balance access with security. in many cases, we've already seen in the last 20 years reports have become increasingly locked down and difficult to get through. there's always this balance trying to get people through bitter doing ordinary everyday things and at the same time, keeping them safe. most definitely the issues around the intelligence and perhaps even the policing around the fallout are catching salah abdeslam is something many people will be asking. >> just four days ago he was arrested at the fact that this attack, we are assuming it is a terrorist attack in a group rela

for you this morning. we watched the british exit out of the euro zone. 1.74% for the 10 year bond yield. we have heard from janet yellen yesterday. 2% teachers for about one and 4% for july. 2% for june and higher for july. 21% for july. fisher currencies. euro higher against the u.s. dollar. you are watching "fbn:am," your first look at morning market and breaking news. ♪ closing the stage this afternoon for auditions? what's on that piece of paper? oh, miss maroney, your forehead! should not be doing anything. i just had botox. i know exactly what's happening! ah! whoa! this is a bad streaming experience. the girlie show is a real fun lady show. (vo) don't let bad streaming ruin a good show. don't look at me! (vo) only verizon has the largest, most reliable 4g lte network. switch now, buy two samsung phones, and get a free 50" smart tv, plus up to $650 back. only on america's best network. or building the best houses in town. or becoming the next highly-unlikely dotcom superstar. and us, we'll be right there with you, helping with the questions you need answered to get your br

. roger federer and advanced to the semifinals. it was down and the third and a 34 euros refused to lose. reaches 11th semifinal. andy murray got off the energy of the crowd to come away with a five set win. the event now to the wimbledon semifinals will be the second time. same query was eliminated. venus has arena williams played a semi-final matches. a weekday game did not end until rush hour because it took 14 innings to beat the dodgers doubled in the go-ahead run in the fourth inning. lauren: severest terms of the planes and make this today. the first heat wave, how hot will it get? maria molina live in the fox weather center. reporter: good morning. it is going to be scorcher across parts of the south. i want to start out with portions of the midwest because it is to insist on moving through and about the sparking of showers and dorms here it sounds terms could bring worse if severe weather in iowa, illinois and missouri. looking at potential for large-scale, isolated tornadoes in the storm system moving to ease her into the very hot and humid air and by tomorrow we can see a

as the eurozone is concerned they like a weak euro to help those exports. nicole: alastair mccaig, from london. thank you so much. >> good to talk to you. lauren: new poll finds bernie sanders leading hillary clinton in iowa. latest cnn/orc poll the vermont senator gets 51% support while the former secretary of state has 43%. on gop side donald trump leading race in hawkeye state. 37% support for trump. senator ted cruz in second with 26%. florida senator marco rubio in third with 14% and retired neurosurgeon ben carson at 6%. frontrunner, donald trump speaking about potential support from the republican establishment. >> i want to be honest. i have received so many phone calls from people that you would call establishment, from people generally speaking conservatives republicans that want to come on to our team. the polls have just come out as you saw in iowa where i'm up by 11 points. we're getting calls from everybody that it is actually amazing. i'm actually surprised. lauren: iowa caucuses are february 1st. nicole: ahead of the crucial lead you have a caucuses hillary clinton

japanese yen is weaker against the u.s. dollar. the euro come the yucatÁn, canadian dollar and mexican peso are stronger. lauren: would have to checkout to yield because he saw big moves yesterday now 1.77%. nicole: cpu of all red has retired at the end of the year. he will be the chairman position at the end of march and has worked to for more than 40 years. all men will be replaced by jim campbell bay, the longtime caterpillar executive. caterpillar phase in its fourth year of declining sales, longest slump in history for that company. caterpillar shares at 20% so far this year after some cost cutting and also production cut. train to macy's is opening on thanksgiving day an hour earlier this year. the department store will open at 5:00 p.m. most of the stores closing at 2:00 a.m. then reopening on black friday at 6:00 in the morning. macy's has been opening since 2013 but usually remained open throughout the night. the latest announcement shows many major retail chains will probably stick with opening up on thanksgiving as we hear many more say we are saying closes her so wo

. nicole: you could see the uk pound is stronger against the dollar while the euro and japanese yen are weaker against the greenback. lauren: the yield on the ten-year treasury 1.59%. nicole: economy is closed to a couple key federal reserve targets. close to most estimates of full employment rate, fisher said the inflation rate is near the fed's target of 2%. he reportedly said that rate hike is in consideration. janet yellen speaks in wyoming on friday. lauren: the company reportedly tried to sell itself including general motors, apple, google, amazon as well as uber. it would take billions of dollars and hundreds of employees to spread to new cities and local laws are not always friendly to concept. nicole: stocks to watch. companies reporting before opening bell. best buy to show a decline in earnings in revenue from the same period last year. earnings 43 cents a share down from 49 cents a year ago. best buy shares are up almost 8% in the past year. tow brothers' shares are down but they beat estimates in the latest quarter. strong numbers are expected from smucker, more than 30

marginal improvements and pick your stocks. again, in the euro zone any stocks, healthcare, et cetera, et cetera, nobody is going to be looking at miners, commodity related. it's a situation right now where right or wrong we saw it in 2015, it looks like it'll be safe haven. most people that i've talked, thank you very much, i had a great run with the stock market and i will just sit back and wait for payrolls on friday. >> nicole: we will see. we are seeing a pretty big sell off and we will see whether or not they can take them at these lower levels. thanks bill hubard. we want to show you a few pictures of new addition to the lauren simonetti family. there's ray vivian. that's the reason she was out. a beautiful baby girl. >> lauren: he took that picture right there. he had just come home from work. vivian is three months tomorrow. people say you get bored on maternity leave. i didn't get bored. [laughter] >> lauren: going to harvard. coming up everybody we will run global action before we turn it over to mornings with maria. stay with us. you stay up. you listen. you laugh. you wor

european union. especially scaremongering over the euro issue about whether to join the civil currency and at that time the world bank, international leaders warning britain, the single currency, isolate the city of london with decline and capital flowing into london from outside the euro zone, and you are going to see a similar effect in the coming years. in the euro zone and european union and great political uncertainty across the e.u. tremendous challenges in the e.u. a safe haven for european and global capital and the city of london, the shackles of e.u. financial regulation, would prosper. maria: interesting. dagen: i want to raise this issue, i will quote from the wall street journal editorial page. being part of the e.u. has it gotten in the way of serious reform in britain? you could have cut your corporate tax rate, could have followed deregulation ideas and free-market ideas from tori michael groves. not being part of the e.u. will change the mindset in the nation? >> i am glad you mentioned one of the leaders of the brexit campaign. if you look at the leadership of the bre

vote to leave the euro zone as risk for the markets. everybody that we have spoken on this program that if they vote on june 23rd to leave the eu that the markets will get disrupted, what's your take on that? >> i think that's a little exaggerated. maria: you think they should leave? >> it's a good question. i tell you, one of the themes in my book which you'll get into, i'm sure, is this rise of nationalism. we see this with donald trump, we see this with great britain saying, you know what, we are our own people, we are our own nation, why do we need europe. of course the pound will sell off but that does mean that companies are not going to be rolls-royce engines, i don't think it's going to be a strike by europe over buying british goods. remember, when the euro was created there were plenty of people that said because britain was not in the euro zone, the city of london, all the hench fund traders would flee london for frankfurt. that didn't happen. maria: right, let's not forget that the uk decided not to join the euro and they kept using the british pound and that was a really sm

direction, become more centralized planned, and will be very underperforming not only for euro currency but euro stocks. would i stay away from those in the near term. melissa: pepsi popping today. shares hitting a lifetime high as the company beats earnings expectations and upgrading its full-year outlook. jonathan, they said they did it on the back of naked cold press juices. all right. and new organic varieties of toes tito chips. if it is toes seat toe chip toe toe -- tostito chips is good for you. >> they capitalized on modern snacking. >> come on. >> juice is a category didn't exist in the format, 10 years ago in terms of scale. organic trend going on quite some time. pepsi firing on all cylinders. small cap, large financial stock with consumer orient brand legs. this is bull market trend and this stock will continue to rise. melissa: scott, you know it is healthy or fannic product i like the most from them? new organic fritos, doesn't have any salt or sugar. totally good for you. no calories at all. have you heard of this? >> sounds like it tastes terrible. i say you would get jo

were the people telling us 10 years ago if we didn't join the euro, we would be facing economic armageddon. now you're telling us if we leave the european union we would be facing economic armageddon. you were wrong 10 years ago about the euro. thank god the u.k. didn't go into it. you may be wrong now. it is all about credibility. people like john oliver have no credibility in european politics, in arguing for or against it. deirdre: okay. so clearly you are voting for the "brexit." i want the u.k. out? is that right? >> well, you know, funny, i don't have a vote any longer. i think i've been away too long. i think this is very interesting time for the united kingdom. it has lot of similarities to the united states. there is anti-establishment movement, people like john oliver are working against them. working class whites are turning against them. immigration is massive problem in the u.k. deirdre: i was going to ask you, is it immigration, is it jobs? when you speak with your colleagues, your peers, your friends, what's concern and the reason to leave? >> immigration, immigra

people to make some sense and stay in the euro. they're a european country. they need to stick with the decisions they made. this is a disaster for them. i know they think they have lost their sovereignty but they have not. it is very important that they keep the global, sort of standard of economics in order here. and. we're seeing a lot of volatility and also opportunity because of it. i'm hoping they make a smart decision. liz: good to see you, thank you very much. ross gerber, gerber kawasaki ceo. not too thrilled with his tesla stock at this moment. stocks closing down ahead of tomorrow's critical british exit vote. [closing bell] there is the closing bell. david and melissa, pick it up here for "after the bell." melissa: stocks dropping in the final moments of trading ahead of another major street in the u.k. i am melissa francis. david: i am david asman. this is "after the bell." we have you covered on names that are moving big today but here is what else we have for you this hour. a big one coming. we're 10 hours away from the crucial and historic vote on the britain's e.u.

says that if the u.k. host the euro sometime you might see a fellow 15% 20% in a vendor to be with currently trading at 146 today. connell: nicole thanks. here's a sentence i've never had to say on television or anywhere else before. there is a championship parade taking place in the city of cleveland. unfortunately, jr smith was unable to come up with a shirt to wear to the parade. this is their life work. good for cleveland. first professional sports championship in 52 years for their city. brother sent for the republican convention. for now they celebrate. lebron and jr and tightly than the rest of the cavaliers. the city of cleveland. the city of champions. good for them. now, back to donald trump in a moment. the story earlier in the week that you might remember this assassination thought that they foiled. trump responded to that in a fox business network interview. we'll tell you what is blaming and not my surprise he asked. when a moment turns romantic why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction an

? >> i think the problem being we have weak growth in many countries across the euro zone. in particular, the uk was a beacon of hope with high growth and jobs being created. so, we're now at that crossroads where the uk has put its economy effectively on hold with a real threat of us having serious consequences to our economic development. so, if we're slowing down, customers are slowing down. everything is going on hold until we know what's happening. the uk is a large economy within the eu bloc. when we start to actually have a slowdown, the rest of the eu that was relying on us is now going to suffer the same thing. recession may be too far, but i think we'll have fairly major economic consequences both here in the uk and across the rest of the eu, too. which is why i think the eu might be trying to move along quickly to isolate themselves from the repercussions of this uk vote. until we invoke article 50, we're still a member of the eu. >> that's a really good point. you talked about that single market, that the uk needs access to 500 plus million people in the eurozone. those are i

british pound, other securities. affecting u.s. markets. if there is a vote to leave the euro. they believe it is going to be turmoil. what every trader we spoke to today, told us, about that does happen, likely a bank holiday. votes get tallied thursday night, early friday morning. friday they will shut down the banking system if they vote to exit. if they don't vote to exit, it will be business as usual. that is where people are right now. a lot of concern from the financial community. that you know these polls are close enough, that it could sway and they could vote to exit and that would cause a lot of market turmoil. back to you. >> charlie, we'll be counting on you for coverage. when you talk about freak out, a lot of people saying if london, if u.k. does leave the e.u., a lot of european banks with headquarters in london could leave london. that could potentially hurt local economy. there is flip side of argument of business people, sick and tired of going to brussels every time they need to make a business decision. charlie gasparino, thank you very much. with us there from

against everything. the dollar pulling across the board of the euro, u.k. pound, japanese and all again against the greenback. nicole: let's check out the ultimate ten-year treasury 1.54% today. trade to the spanish army of america does. hewlett-packard enterprise has been enough merging and software operations. the appointed billion dollars to this macro international is the latest move by hewlett-packard enterprise to narrow its business focus. hewlett-packard was created during the breakup last fall of the technology to businesses. hp enterprise reported better than expected adjusted profit for latest quarter. revenue fell $12.2 billion missing expectations. lauren: one of the socks we watch today, the tech giant to sell a majority stake in its security unit to private equity firm price tag $4.2 billion. the business recently called intel security will go back to its original name mcafee. getting the latest quarterly earnings from barnes and noble down before the opening bell today. analysts look for the country's largest bookstore chain still in business to report a loss of 13 cents

-- med euro continues. david: caroline there is massive stagflation going on right now in venezuela. will you not concede that socialism has failed in venezuela? >> absolutely not, i am really glad that we're talking about venezuela. a country that is increases, but what is happening there is not a failure of socialism, it is a result of very heavy reliance on oil expert and government prescription, i think -- corruption, we can agree on government corruption. david: you disagree with oliver stone, he said that neither chavez or his successor were corrupt, you, agree with we on that one. david: i do agree with you on that way, you look at ways in which the economy was schiffed to the be dependent on oil, export, and then corruption that happens today under president meduro, you have the military, giving out food and charges such a premium that people are starving, that is not socialism, socialism -- >> the problem is -- let me give israel a chance to get back in, problem is, every time you have a socialist country or someone claiming to be a socialist there are excuses this is not r

slightly up 9 cents at 4825 the barrel gold gains two and a half bucks at concurrencies euro strongesh against u.s. dollar u.k. pound on japanese yen weaker against greenback taking a look at 10 year could treasury bond fed front and center will they hike in june in july in this is what everybody is asking, right now 1.85 percent we are going to turn it over to next several hours to "mornings with maria" i think good morning to you. maria: hey nicole how are you good morning, everyone thanks for joining us i am maria bartiromo. it is friday, may 20 your top stories right now 6:00 a.m. on the east coast. we've got breaking news this morning at a wreckage of the misegyptair flight has been found, egypt government saying parts of the plane passengers' belongings found in the mediterranean sea, the latest developments straight ahead right now, the cause of the plane disappearance unknown officials are saying that terrorism is likely behind it, beet donald trump and hill i'll have weighing in on the issue. >> he said that donald trump talked about radical islamic terrorism which h