tv The Kelly File FOX News June 23, 2016 9:00pm-10:01pm PDT
do you think this will have imbakt here? in the united states? >> i do. because of the populist element of this. it's possible through populist momentum. if it is grounded in these notions of identify and populism and the idea of what is the -- what should the nation look like in terms of, you know, control over borders, etc., that is something that donald trump has been playing up. it gives him further incentive to try to play this. boy think to be interesting to see what are the polls in pennsylvania and ohio in the next couple weeks. we'll see, it's been a lot jufrm
-- journalists. you're looking at number 10 downing street. the residence of david cameron. we're waiting for david cameron to come out and tom rogan is talking a little bit about donald trump and populist movement. trump is over in scots land now. >> i don't know if that is planned. >> he said he would be for leaving the eu it's so interesting to see this play out. people are saying it would close and won't actually happen, the uk won't leave the eu. we're seeing a number of these outlet's projecting that the uk has voted to lead the european union. as we said, this is history in the making but people in the u.s. saying if this happened
there, is there a possibility we can see a change here in the united states? >> well, you think about that. you go back in history a little bit. there was a revolution, a conservative revolution in the united kingdom about 30 years ago, the election of margaret thatcher and there have been many that compared this vote to thatcher's election. some of the same anger over economics and many parts of the united kingdom. >> over national security. so big now. >> yes. national security that thatcher was very strong in. you had the election of reagan who many compared trump to. whether or not those parallels now. history never exactly repeats itself, but it often rhymes as mark twain said. >> i'm interested to see what david cameron says. we're waiting for him to come speak.
as we're saying there are calls for him to resign. there are reports that as soon as tomorrow, he can be stepping up. we can't report this. >> if you put your weight as prime minister and campaign for months, staying behind one side of the referendum and push hard and say it's akin to jumping out of an airplane and we can't undo it and all these things and you lose, perhaps not spectacularly, but now, the margin is a little bit better than two points between leave and remain. how do you leave your country that rejected one of the signature things you ran on? >> it's a tough, tough place to to be. tough to move forward. for sure. we want to talk to ashley webster live in london. ashley, are you with us? he's been covering this for the last couple days and it's
interesting to hear from people this talking to people voting and how they're passionate about one side or another. there doesn't seem to be a middle ground on this issue. people saying maybe we should leave, maybe we shouldn't leave. you're on left or right. we have ashley now. are you with us? >> good morning to you. >> good morning. we've been talking to you for a couple days here, i thought, and you've been there on the ground talking to voters and you said there still about 10% had in the made up their mind yet. what happened in the past 24 hours that maybe swayed this 10% of the voting population? >> that is a very good question. there is almost a sense of shock. for so long, we're told book makers and polls suggested that the remain campaign was going to win. here, we have it with the leave
campaign surprising everybody. it's a case of those people who, at the last minute did not believe the fearmongering that went on the and the voter turn out was a low turn out and a number of factors came together to the point we were all shocked with this having a big impact on the financial markets. we've seen the british pound drop to a 31-year low and we're seeing a sell up in the asian markets. shock is the number one factor we're hering right now. >> ashley, i don't know if you can see this. dow few tours down 681 points. zoom out for us. is this an economic earthquake? an economic nuclear bomb? are markets going to overreact
and factor in this may not have been as big of a deal as they thought? or is it as big of a deal as it is now. >> it is a big deal and a shock. we're going to see that, and i think the markets factored in it's going to be the uk staying in the european union. now, we're seeing the flight to safety as they say in the financial world. you're going to see the dollar gain a lot of strength. the yen is considered a save haven currency. as for markets, we're uncertain what is going to happen here in hond on. the uk's version of the treasury secretary says if the vote goes to get out of the eu he may have to suspend trading on the london stock exchange because of the reaction. it's just gone 5:00 a.m., local time. but that is going to be already
shock around the world purely because this is not really expected and so is going to be interesting to see. >> we're actually, ashley, uk stock market opens in just about three hours? >> yes. just over four hours from now. >> i want to turn around and look at big ben. that would be nice. >> yes. >> i used to have a watch. you know? are this celebrations in the streets or anything? party leaders said this is a dawn of the independent united kingdom? are you seeing celebrations over there? at 5:00 a.m., it's early to sense the news.
but from the papers? >> the pubs are not open. >> yes. yes. it's quiet on the street. we do know remain campaign had a big party in town. you can hear a pin drop. and shocked. you can see people walking around saying i thought we're going to stay and outside, london is a strong remain camp. today, where does david cameron's future now lay? it's a matter of what happens next. >> he should be coming up to speak any moment. we'll take that live. and futures are down and the dow
futures are down. >> dow opens now in nine hours. markets will have time to digest what they've been seeing here. if you look at shanghai and japan, you look at how the british pound is trading. there is a real shock that is happening inside of the markets. it would have been interesting to get this perspective. the last time you had an event where the dow futures were down 600 points, for so long, we've been saying that the idea of the uk voting to stay had been factored into the market. it wasn't like markets were uncertain, they felt this is going to be a stay vote. and now, we have official results and it's not what anyone suspected.
>> this could be something we never experienced before. >> we want to bring in a member of president reagan's presidential advisory board. first, just your reaction. ashley webster saying there is a lot of shock. to know this soon, you have sky news saying the uk voted out of the european union, your response and impact of this? how big is this? >> i think long term impact would be positive. they've had them and made a mistake in going into the union 20 years ago. and it can be reversed and thank goodness for majors putting this in and they could have this vote and it hasn't worked out well and i think it's going to be much better for britain being
out of the european union. >> i want to bring our viewers up to date here. this is a feed from our sister network sky news on the lefthand side of the screen is a picture of number 10, downing street. it's 5:00 a.m. 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 a donald trump candidacy who is so much staked his platform on the immigration issue that was a big part of the leave campaign? >> well, i think the two are very similar. you're right. i've spent a lot of life in number 10. i worked with thatcher throughout her term. it's a very similar type of political movement here and in the united states. and you know it's the same the other way, too.
and just like in the u.s. with ronald reagan and bill clinton, pro growth. and you know, you had the experiment done with w and with obama. it hasn't worked here, with gordon brown it hasn't worked there, either. you're having a growth economics which is exactly what we need in this world. we need tax cuts, and pro growth and spending cuts and that is, i think where the world is going now. and i'm very elated by what's happening and i think it for tends to a better economy. >> number 10, you spent time with president reagan's team. give us a sense of what's happening in the white house in the wee hours of the morning now, going into tomorrow.
and the president economic advisor what is undoubtedly a shock in the u.s. markets. >> there will be a short term shock. i don't think the u.s. market is going to be down, nor do i think the british are, also. the white house will be in the short term and so will this they in britain, as well, in the long term this has got to be very disappointing for hillary clinton and barack obama. and it's the exact same thing and they're going back to thatcher and reagan, which for tends very well for the world economy. >> you saw president obama with david cameron, campaigning. >> amazing. >> on the remain side. it was stunning to see a u.s. president threatening a little bit to the united kingdom, saying that if you leave the eu,
you're going to quote, unquote, the back of the que on any kind of new trade deal. the uk said thank you for your advice, but we're out. >> a lot of fearmongering playing out. there is also a real national security impact at play. and folks i talked to are in favor of remaining, they say the uk played an important role as part of the european union to stand by the united states' side with them leaving the eu, how does this impact our issues today? . >> i don't think it's going to
affect our relationship with the military, i think it's going to cause us to have a new perspective in dealing with russia and the rest of the world. obama's military policies will be questioned and i think changed in the next administration. >> appreciate you being with us, sir. stay close. it's going to to be a long night of analysis here in terms of what the impact could be. so sky news called it as the united kingdom leaving the european union about 30-35 minutes ago. the margin widened to 3 or 4 points there. >> so much uncertainty about impact. >> yes. a lot of questions and a lot of questions for u.s. politics as well.
to donald trump, and joins us now from washington, d.c. steve, this is shocking in many ways but it's some level validates what your candidate has been saying for the past year. >> in some ways it does, leland. you're seeing parallels m the united states. it's a revolt of the working class against elites and ruling class. we're seeing that with the rise of donald trump and trumpism which is a rejection of the policies of the last seven years and i think the same thing in the uk. you know, it's a striking to me, leland that almost every single major figure in england and europe and the united states was advising british citizens to vet against this, right? it was the media and political class and voters said to hell
with that, we don't think it's in our interest. i think parallels are striking. i want to make a point. i think the markets are overreacting here and they're hyper ventilating now. i think the long term growth and freedom, this is a positive development. >> steven, why are they jumping so quickly? are people afraid of the uncertainty there? >> this is a great question. i don't think this is a rejection of the global economy, but global government. people in britain, when you talk to them, what they said is we're tired of bureaucrats telling us how to run our country. the same way people say we're
tired of faceless bureaucrats telling us what kind of light bulb to put in the sockets and so on. i think it's a rejection of big government. small is beautiful when it comes to government. >> to parallel to steve, donald trump is going to scotland and winning one of his new golf courses. stay close, we're going to come back to you on the other side of the break. there is nothing markets hate more and as we wake up there is a lot of uncertainty in the world. and we're going to take a break and come back. the united kingdom said we're out to the european union. think fixing your windshield is a big hassle?
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shoshow me more like this.e. show me "previously watched." what's recommended for me. x1 makes it easy to find what you love. call or go online and switch to x1. only with xfinity. a fox news alert, now 12:23 eastern time, that is 5:23 in the morning in the uk. in the words of one of the leaders of the leave movement now declared that a new dawn is
breaking on independent united kingdom, this as the european, the uk is deciding to leave the eu. which could be called shocking news and that may be an understatement. >> this is huge news. not just for economic reasons but policy. and it doesn't only affect the uk, but the world and we're seeing the numbers skyrocket, it seems right now because of the uncertainty. >> down 600 points, more than 3.5%. the british pound, crash. that is good news for the u.s. dollar. stock markets are open now and reacting extraordinarily negatively. the markets thought the uk would vote to stay in. this is a shock in many different ways. >> we want to bring back steve moore, we had you on just a few minutes ago. and we've been talking on commercial breaks here, just the
similarities going on here at home and the uk in terms of this antiestablishment sentiment, we've seen this play out. i know you're helping out with the trump campaign. talk to us about what is going on in both places that people are frustrated with reality, status quo, and with politics as usual. could this impact our own presidential election? >> well, i think it could. i think it is sending a signal to politicians, all over the world frankly that people feel like the politicians aren't listening to them. let's take the example of immigration. it's a big issue in the u.s. and europe. what happened in europe is the flood of refugees coming in to the european continent. the people didn't want them. the rulers said we're going to let them in.
i think this is a big issue, by the way, when you talk to some of the british voters they're saying we're worried all of these refugees coming in, they're going to come to britain and voters just didn't want it. i want to make this point. i think it's important. interest is a panic going on and leland said it right. markets hate uncertainty. they hate risk. you're seeing a spring back from that. i thi i think once things settle out, there will be caming -- calming and buying opportunity. >> steve always looking for a good investment. >> buy when there is blood
running in the streets even if your own blood. people are going to wake up feeling blood in the streets in terms of the amount of wealth going to evaporate overnight. stooef moore, thank you for being with us. more analysis on the uk leaving the eu when we come back. moore with us. more analysis on the uk leaving the eu when we come back. t moor with us. more analysis on the uk leaving the eu when we come back. eve mog with us. more analysis on the uk leaving the eu when we come back. (man) oh, looks like we missed
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sky news, our sister network projecting uk voted out of the european union. this is a huge deal and people are in shock. now, we're seeing history in the making. the stocks aren't going crazy. right now, 661 points. and ht of reaction at this moment. >> you look at dawn there over big ben, the leading politician over in the uk, the dawn is breaking. to tell you what it is, they
said oh, never mind. folks from the state campaign are the ones that won. the votes are coming in. but the votes for the united kingdom to leave the european union up by 4% now and we're waiting for the london stock market to open in about three and a half hours now. >> to give you a sense of voter turnout, 70% of the people came out to vote whether they should stay part of the european union or leave. this makes you think about a democracy. and here in the u.s. has our elections and this movement with donald trump, people protesting the establishment wing of the
party. the republican side, just impact of a voter. and impact of a vote. >> huge impact of a vote. you can't escape parallels of the trump campaign and leave campaign in the united kingdom, populist message, focused on economics. the heart of elite campaign is in the rough areas of the united kingdom, where wages have been stagnant for 10 years. those are the places that donald trump gets his support in the united states. >> and a big argument saying as long as we stay within the eu, we have challenges with terrorism and immigration. we've seen this play out in different places around europe. >> and how, we want to turn to sky news. this is an interview with the labor party leader there, there,
in the united kingdom. a picture of number 10 downing street. >> it seems evident and that that will threaten the rights of labor voters. >> so one of the strongest reasons we said our people should vote to remain is in charge of renegotiating our relationship with the rest of the world. it's a very dangerous moment. we'll be raising serious questions and there will be no ducking and diving. we're out of the european union. it's going to be done in a proper way. opposition stands ready to help if there is needed for emergency measures in the short term but we're out and we'll follow the will of the british people. >> a lot of people, this is what people really wanted. there is a longstanding record of this.
>> i voted against, i'm the vote. and i did. i voted for because i was convinced by the arguments but these were balanced arguments and look. >> you want to hear this. >> the ballots made a democratic decision, they're reflective of our 40 year history of the european union and by majority have decided to leave. i think that is democracy at work. and it is our opportunity to take back control over a area of democratic decisions but an opportunity to renew some of
those processes because i think all of the political leaders would have to reflect on whether they have accurately gauged the people's attitudes and people's desire on how to government. those needs have been across party organizations. and i think what happens now, all has to be addressed across party enblems because we have a responsibility, that responsibility is to act in the best long term interest of this country. [ speaking in a language other than english ]. >> what i've just said to make
clear to our colleagues in europe that britain is an open society, it's a diverse society and we'll continue to be cooperating with european countries on an international level. but this is an important decision about our future. and it is about the people who have taken that position. this referendum has really been against the back drop of the institutions. the people were given the impression they had no choice but to remain. but they voted to choose. it is now incumbent on all of us to be very calm, remember that our responsibility is to the future of the united kingdom. and work together to start a process, because this is simply the beginning of the process.
of initiating leaving the european union. and in the long run, you'll find both europe and united kingdom will emerge stronger, thank you very much. >> this is the uk voting to leave the european union. >> this has been attempting to make it clear this is a democratic decision about the future of the country. it wasn't about any of us. it was collectively enabling that process and maybe just because politicians have forgotten that these things aren't about them. let's just start and tell us
what the people have told us to do, today. >> speaking to sky's james becker saying this is a democratic decision and making it clear, speaking innative tongue, she was born german, that britain must remain friendly with it's european allies. >> you've been listening to sky news coverage of the united kingdom voting to leave the european union. you can almost here in the anchor's choice the surprise and shock almost a surprise and shock in the leader of the lead movement. you can tell they were rather surprised that they won. you heard a lot about listening to what the voters say. that has been a theme that we're hearing looking now at the vote totals from sky news, eu out 51
in 48.2 turn out owe. 72%. if you look in upper lefthand corner, you can see it is down double digits not against only the dollars but euro. and consider what the world is saying, what the markets are saying about the uk's economy. >> people are going to wake up in a couple hours in shock. many people that voted to leave probably thinking to shift the vote, including david cameron, we keep showing 10 downing. i'm sure he pulled an all nighter and he's someone coming
out strongly about staying and how important that is. i think that where he goes from here is very much unclear. there have been reports he may resign as early as tomorrow or today. we don't know where that is going to go. it's certainly difficult to move forward as prime minister when this is something you focus on. it's clear your constituency wanted to go in a different direction. >> this is something he based his reelection campaign less than a year ago on. was this idea he was going to get behind it and they were going to vote to remain. they expected to win. a good friend of mine inside of the cameron camp, until three hours ago, they were convinced they're popping corks and champagne bottles. i think the party is probably broken up here. a lot of sad faces as they figure out what david cameron is
going to say. >> you had president obama who went over recently. we're talking about how important this is. this, not only impacts uk but our politics here at home. and they keep talking about donald trump and this antiestablishment movement and how much it reminds us of what impact that will have on our own elections. >> our own markets right now, tanking and you can see in our market alert from our friends at fox business, lower ticker, you can see oil down. gold is going up. that is where people run when there is uncertainty. you're seeing dow futures playing out down there. and there are a lot of traders that went to bed with positions based on the idea the eu is going to have the united kingdom
in it. and that is what we're seeing there. >> we had steven moore on saying the stocks will level out, but we're not sure. we're seeing so much uncertainty. i think that ais why we're seeing numbers jump so fast. people have not seen this before. you're saying throughout history, what can you compare this to? this is a major shock. and overnight, you have some event, some real shock and unexpected event that drops the dow futures. it's not unprecedented but highly unusual. back more with analysis about what this means not only in the united states, and united kingdom and our elections here at home, and we continue to cover the united kingdom voting themselves out of the european union. >> see you soon. hmmmmmm.....
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test. 5:47 a.m. in london. we're going to take you live to a picture of number 10 downing street. the residence the prime minister david cameron. we do not know how long he will be prime minister for. there is word from sky news, our sister network he may resign in the next 24 hours on the news, that the united kingdom voted themselves out of the european union. >> he is certainly been up all night, watching results. he's been talking about how t the -- important staying in the eu is for his platform. it's difficult to move forward when your constituency has said, actually we want the opposite of that and you're our leader. and you know, we'll see how this --
>> we've heard from many european politicians, david cameron, president obama went over to the united kingdom effectively to lobby folks over there to vote to stay in the eu, warning them they're going to go to the back of a que of a u.s. trade deal. right now, the margin is about 4% and the outs having it. caroline lucas, a member of parliament there said this is a devastating result and a wake up call for westminister. they'll call their parliament and government. you think about this not only being a wake up call for the government in the united kingdom, but think about parallels to us us presidential race and a wake up call to a populst message outweighs whatever the government is saying, whatever the politicians are saying, whatever the pundits are saying. >> when you look at the voter turnout, over 70% came out to
vote, whether or not to stay or leave the european union. we're seeing now they voted in favor of leaving the eu, what does that say about how these voters wng? obviously not happy, not content, with the way voters we? obviously not happy, not content with the way things are going. they want change to happen. they want to focus more on nationalism, on their identity and moving forward and focusing on immigration policies. we talk about economics. this is a huge wakeup call for the united kingdom. it speaks to the frustrations that a lot of people have been feeling for sometime in the u.k. as you said, playing out here at home, same thing going on. why do people vote against something or a person, because they are frustrated with the way their life is going with their job, with national security, with the economy, all of this plays in to it. >> certainly does the parallels from the lead campaign that has become victorious to donald
trump's campaign are shocking. it's been about immigration, as you pointed out, it's been about the economy, stagnant wages. if you look at where the core support for the campaign in the united kingdom is it the industrial heart land of the united kingdom, folks have had a terrible ride economically over the past ten years, stagnant wages, not seeing economic growth who are tired of bureaucrats at the european headquarters in brussels, which a lot of people compare to the federal government giving them too many laws and regulation and rejecting that. what have we heard from donald trump? the same kind of themes. where his support strong, industrial heart land of america, ohio, pennsylvania, michigan, those kind of places with white, lower-educated middle-class voters who have fed up. you have to wonder for president obama who campaigned so strong for the stay in the european vote.
you have to wonder what he is thinking in terms of, if possible, the way that voters in the united kingdom rejected his message. will voters reject his message as he speaks out against donald trump. looking at manchester, united kingdom. interesting as we speak about president obama. he's in san francisco right now, just came back from a dinner in san francisco to his hotel. there's a possibility that we are still going to get a statement from the president. clearly they have let him know this news. they have talked to him about it and there's a real possibility we will get to a statement probably a paper statement with the president's thoughts offen this decision in the united kingdom. >> there's a big question around, is the eu referendum legally binding? the simple answer to that question, from what we are hearing to whether the eu is legally binding is no. in theory in the event of the of a vote to leave the eu, david cameron who opposes exit could decide to ignore the will of the
people and put the question on a majority deciding to remain. >> well, you can imagine the outcry we have heard that could happen in the united states for rejecting voters' will. imagine if you are david cameron who staked his political future on staying in the eu. it loses in the referendum that he promised when he took office and as part of his campaign and then all of a sudden he turns around and tries to full a fast one. >> we have seen it play out, even with the establishment of the republican party. the convention saying, we want to bring in someone else. >> that hasn't gone over so well. >> so far we have not seen a tweet from donald trump or hillary clinton. you mentioned that donald trump is on his way to open a new golf course. >> you have to wonder about the timing he gave an interview and said he would be in the camp. >> we will hear from him
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projecting that the u.k. is going to leave the eu. as we have been saying, you see here that 10 downing where prime minister david cameron has likely been pulling an all nighter. this is something he campaigned for a long time to stay many the eu. this has been a huge platform of his, even people saying, putting fear in people's minds if they were to leave the eu. he is now waking up this morning, i'm sure he has not slept but waking up to news they will in fact be leaving the eu and the question remains where he goes from here. we are expected to hear from him within the next little while. probably within the next two hours. it will be interesting to see what he has to say and what the future holds for david cameron. >> the future for prime minister cameron and the future for the united kingdom, big questions here. there's a lot of questions, this is important to bring up. there is a vote to leave the european union. the united kingdom is a member
of the european union as it wakes up today. many liken it to one of the more messy divorces possible. for the next two years or so, the united kingdom negotiates with the european union to try to figure out how it gets out and untwines the economic bonds, the security bonds that hold them together and the ties there and the immigration bond and the ability to transit borders between the united kingdom an all 28 members of the eu. these are things that have to be worked out. we are seeing the effects of uncertainty in the world markets. dow futures down 700 points, nasdaq s&p 500 futures down 5% for implied opening. that is enormous. >> enormous. >> you wonder, big question here, what this potentially means for other members of the eu. when they see this happen, places like france, are they saying could we do the same
thing? are we frustrated? do we want to rethink being part of the eu and could we do what the u.k. is doing and what does it mean globally? that's a huge question here. >> they call it brexit. >> i guess that is what you call it here at 1:00 a.m. eastern. we break in now with a fox news alert. our sister network sky news projecting that the u.k. is in fact going to leave the european union. this is something will be talked about for a long time. we're trying to compare it to something in history that might make sense. there's nothing like this that we can compare it to. look at the markets. they are going crazy. a lot of uncertainty and shock. it is 6:00 a.m. right now in the u.k. people waking up to this news. many people who voted to leave the eu unsure that that would actually win. we knew it would be close but i think a lot