good morning, everybody. welcome to "street signs." i'm louisa bojesen. >> and i'm julia chatney. the g4s employee named omar mateen is named the shooter in orlando, florida.

and france puts pressure to sanction england and russia after groups clash on the streets of marseilles. at least 50 people have died and 53 hospitalized after a gunman opened fire at a gay nightclub in orlando, florida, sunday morning. president obama condemned the mass shooting as an act of terror and hate and called for stricter gun laws. leann greg filed this report. >> reporter: in the aftermath of the worst mass shooting in u.s. history, reaction is sorrow, horror and disbelief. >> i want to wake up. this is something that is -- i really -- i'm running on adrenaline and can't wrap my head around right now. >> reporter: gene abraham's boyfriend is among the dead.

>> he liked to make people laugh. >> reporter: the gunman 29-year-old omar mateen. authorities say he was known to the fbi before the attack and had been looked at by agents within the past years. he was licensed as a security guard in florida. state records say he held a firearms license since 2011 and was well armed when he entered the club early sunday morning. >> the weapons that we recovered from the suspect that was dead was a handgun and an ar-15. there were an unknown amount of rounds but additional rounds. >> reporter: his father tells nbc news he saw two men kissing and that could be why he went at the gay club. president obama said the flags should be at half-staff. >> in the face of evil we will love one another. we will not give into fear or turn on one another.

>> reporter: a moment of silence at the gay annual pride parade in los angeles. and the nation tries to cope with what happened and investigators try to find out why. leann greg, nbc news. >> horrific events over the weekend. and extremely saddening. if you are against gun control, you are helping unstable people get control of guns. you're helping unstable people go out to legally get control of guns. and as somebody watching the u.s. from outside, i just don't understand how time and time again they still don't do enough. >> and that's the point president obama and hillary clinton made yesterday. i think that debate clearly will continue. just to pick up on the point you made there, one of the firearms he was using, this ar-15 rifle, it's an infantry weapon. i mean, it's capable of

semiautomatic firing. even if the justification is given people want these in some way, when you get to the point of using infantry weapons, that raises the huge question. i think there was another element here, obviously that was the debate that trump raised, donald trump raised immediately saying this plays to his concern about immigration, muslim integration into the country and wanted president obama to come out to talk about radical islam here. when you look at the facts and figures, the fbi did the same thing in 2014. and they closed that investigation -- you wonder, do the authorities need to do more to address the concerns, particularly given what trump is saying, it plays into the rhetoric here. >> to me trump's comments are, first of all, let authorities figure out what exactly happened and how precise the links are. the second half, no sane

religion wants this to happen. and the vast majority, the vast, vast, vast majority of all religions agree on that. so that's a good thing. >> he makes comments that plays into a psyche. even if people are less radical perhaps than the views on how you tackle it, it plays into a global feel of an islamic state. and you separate that religion from ordinary islam. >> most definitely. but then you have the fbi, they did interview this man three times, right? interviewed him three times and couldn't find enough in order to do more. he xheanmade comments to cowork they closed the investigation because they couldn't find enough. then links to a suicide bomber, no links close enough either. and apparently he's a member of a website run by an american radical cleric who runs the site. but again, the links were not

enough. and the opposite part of it that the fbi cannot either go around and put a stamp of you are a suspected terrorist on somebody if the links aren't enough. he did have a criminal record, however his ex-wife came out and said he was mentally unstable. he apparently held her hostage, her family had to come and free her. this goes back to the initial point that is the most important, which is if you support guns on the streets, then stuff like this is going to continue to happen. especially after the lone people as well. the fbi, everybody can be a lone wolf. how do you prevent that? >> it's the frequency of attacks that are concerning. obviously this debate of whether it is a fundamental islamic issue or the gun control debate that you point out. shares are trading lower this morning for g4s after the

company confirms omar mateen has been an employee since 2007. he was off duty at the time. the sentiment is seeing a hit on the back of this week continuing into the european session this morning. you can see the ftse 100 is lower .25%. the xetra dax is lower by .87%. the oil and gas sector are seeing oil come off the trading session gains we saw at the back end yesterday. here's a look at the asian market session as well because it's worth seeing the sell-off we saw there as well. we go to the nikkei 2 -- or

3.51%. we know this can change when the u.s. markets open up, but we are tilting down to the side of the u.s. market's intended open. the brexit leave campaign is taking a one-point lead in the latest yougov poll. the previous poll was taken on june 6. 15% of voters remain undecided. and the markets returned on friday after we saw the end dependent poll suggesting that the lead was ten points ahead. so that really spooked the market back into friday's session. damien light, what is your

latest poll saying? >> it is interesting when you have a lot of antagonists in each of the remaining campaigns. we have a 55/45 poll. so it will be very interesting. we have comrades on the telephone from icm. the telephone polls consistently remain and i believe it's a view of the markets that it does the correct voting tension figures. >> you did a lot of study after the general election that defied the poll readings. and it was a break down between the telephone polls you're talking about and the online polls. just give us a sense of where the confusion begins here and ultimately what you think is going on right now. >> well, the main diagnostic

from the general election was that the polls that got it right, the social latitudes, outside polls were really good at finding the hard-to-reach people. people difficult to get on the telephone at all or online. if you tend to use a polling company, you say you try to get me this many people in a short period of time. hard-to-reach people you have to do other things to get ahold of them. >> do you think we can read into the polls and make any type of assumption with regards to turnout? >> well, the polls also systematically overestimate turnout. we need to look under the hood that perhaps people will tell you their intent to vote or that they have already voted.

those people are much more likely to vote that the others. so if you have a proxy sent out, 65%. >> can i go back to your hard to reach point, though? is that because the hard-to-reach people are more secretive about it because they are embarrassed about it in some way? >> it isembarrassment. you are a 35-year-old man and cannot answer your land line because you are at work. we would try to call up the person in the evening three times to the mobile, tree times on the land line, in a time where we want them to participate in the interview. >> a lot of us have lost faith in the polls. i mean, we have seen time and time again here recently where polls say one thing and then -- then they switch the very last minute. are we expecting that to happen in the last couple of weeks before the referendum? >> our policy has generally been

pretty consistent. it's not been every day. we have been consistently showing us remaining ahead with the lead. the main part of the campaigning has gone on since then. we could pull out thursday at 12:30. they should reflect what is going on in the debate and the mainstream sense. >> you mentioned the demographics. is there a breakdown of who is voting agewise? >> yeah, i think round about the age of late 40s, little 50s, the majority leave. within categories, labor versus much more likely to be a 70% consensus remaining. previously they have been split and it's interesting to watch it over the course of the debate. >> this is the point of not accessing the people younger and at work and more likely to remain than those who you get

ahold during the day. >> if you're 18 to 24, we don't call your landline and speak to your mother. we call you on your mobile phone and keep calling you until we get ahold of you. that's how we reach that group. they are hard to reach. >> damian lyons lowe, thank you. >> drew reid at deutsch bank did a survey saying that 80% will remain in the eu. 80%. that's likely what the market has reflected up until now. you have seen sort of the issue, the concern in the uk that you haven't seen broadly. perhaps now we are. >> i'm not sure about the 80% market. >> yeah, it's interesting. >> e-mail the show. if you have questions or comments, the address is on the screen right now.

streetsignseurope@cnbc.com. you can also tweet us directly. coming up, we are going to have a talk about football. >> just when everybody was arriving for the entrepreneur of the year act. >> look at this. would you want to be there? >> it's a ball, guys. it's a ball, yeah? >> we'll be talking about all the violence we saw over the weekend raising concerns about whether france can cope with the influx. stay with us. we're back in two. wearing powerful sunscreen?

yes! neutrogena® ultra sheer. unbeatable protection helps prevent early skin aging and skin cancer with a clean feel. the best for your skin. ultra sheer®. neutrogena®.

welcome back to "street signs." the international monetary fund is urging china to take

immediate action to tackle its rising corporate debt. the problem is it could pose system attic risk to the global economy. china's total record is 30% of gdp in the first quarter 2016 making it one of the most debt emerging economies. and this paints a mixed picture of china's second world largest economy. the retail sales fell unexpectedly. for more we'll two to akiko a t ajita for more. >> reporter: stocks falling to four-month lows as investors fled the risky assets ahead of central bank meetings and the brexit referendum. you just referenced the china data out there that is also weighing on markets today after

the numbers came out showing a mixed picture of the world's second largest economy. on the one hand, we saw output growing 6% year on year beating expectations. but fixed asset investments and retail sales are slowing unexpectedly. looking at the china market, the blue chip is down 300 points. the shanghai closing down 3%. and hang seng is down 2.5%. the nikkei closing just above the 16,000 mark. as we saw investors rush to the safehaven japanese yen strengthening against the dollar about 1.06. this strengthened to the highest level against the dollar since 2014 and the highest level against the euro in three years. speaking of the rush to have

safehavens, it is pushing jgb yields down minus .10% there. not a pretty picture to start the day. negative sentiment all around. >> akiko, thank you very much. a comfortable 2-nil win was recorded against ukraine in the opening game with germany last night. he tapped it in to seal victory before stoppage time. i would get the names wrong, i apologize. >> people are celebrating there. six initial teams open their euro 2016 accounts today with the reigning champion spain facing the czech republic. republic of ireland is taking on

sweden and belgium is taking on italy. and a violent clash could lead to disqualification before your roe 2016. with the authorities admitting there were flaws. the russian fans clashed in the game in marseilles. this adds to the german and y euranian fighting. and air france says they will operate only 80% of scheduled flights today with more than a quarter of their pilots taking industrial action. tomorrow is the last day of the four-day strike. john strickland is director of jls consulting. good morning, john, what has

been achieved from this strike? >> really nothing. we have had a series of strikes going back two to three years now for air france. so the company is suffering. in the context of euro 2016 is when france wants to showcase its country and take financial gain on top of its own financial action. so the pain is there. meanwhile, competitors are getting ahead. and the demand of the pilots are high, the pay is part of it, but they want to run the company. you must reinstate routes which has been canceled and add a region of 27 aircraft to the fleet. this is causing frictions with the other side of the family, klm's own pilot union has written a letter disgusted with the french rhetoric. >> but they still need to rein in cost, though. >> cost is the thing. they made a small profit last year, but a big part of that is on the back of oil prices.

they don't have the margin which we see for example in ieg. they can't invest for long-term in new equipment. and we have seen the ceo in a recent trade interview saying air france was becoming smaller and less relevant in the industry, but it would not come to grips with the problem unless they figured that the government would step in. >> it is interesting you mentioned klm and the relationship there. some of the air france pilots were asking for flights to be transferred to france in order to give air france more work. both governments said this problem is not transferrable. it remains with air france. how do you resolve it if the government isn't going to step in and say, hey, how are we going to solve this? >> that is a fundamental change. we have the currency urge for

the industry. there's kind of a limbo period for the new ceo. he's coming from an infrastructure background in france and worked for aviation in the past, but it is not clear we'll get a new groove to address this problem. the one going out has made progress but it seems to be a transit situation. >> and they are losing 5 million euros a day. >> a fundamental amount of money. >> and they face competition every day. >> easyjet could set up a separate company in europe if britain votes to quit the eu according to sources cited by the sunday telegraph. the budget airline would be seeking an air operator certificate in the eu country. easyjet said it would push for them to remain a single aviation area. if we saw a brexit, what would the impact be on airlines such

as easyjet? >> one of the key pieces of the legislation which came through from the eu is open skies, which means that any airline that is majority owned by shareholders in a member state of the eu can fly anywhere it wants within europe. that was not the case in the past. we wouldn't have been -- an irish airliner flying from the uk to other countries other than ireland, britain would say it is not easy to fly from there to spain. so going with the freedom to fly has come a a price. we have seen a lower price beneficial for consumers and small businesses and tourism. but we could take a backwards step with everything negotiated government to government on a bilateral basis. that takes time, the bureaucratic and they want to put a price into the market and to file it with governments to get approved. i can't imagine the supermarket saying can we have an agreement for a price on a loaf of bread

in a week's time. it's as bad as that. we can see easyjet arguing strongly to stay in. >> i have a quick question to ask you about the cfo deciding to step down amid cost reinstruct you a restructuring. how surprised are you by that? >> it will address challenges that air france is facing now. so the market is surprised to a personal point of view to get out of the industry and get into something more lucrative. but that is bad news because it is work in progress. they have to cut costs. they've got to fight back and they have the same challenges. so we need continuity of capable management to do that. >> so net/net, if we look at the overall airline industry at the

moment, what are forecasts like? >> the forecast is growing if many areas quite strongly. this is a challenge. we see north atlantic growing significantly this summer. and that could get price pressures because of falling business traffic in a number of markets, which transfrance is ed to, but the oil industry is traveling less. so the north atlantic is often seen as a quick fix. stick capacity to the north atlantic and they have made money. that's fine while the going is good, but other parts of the world, for example, we heard about china in your previous report, latin america is also soft. >> john strickland, director of jls consulting. and there are management changes now confirming that the ceo andy clark is going to step down and remain with the business until the end of delay.

shawn clarke is going to return as president and ceo from july 11th. and there was speculation that roger burly was going to take the role of coo, not happening. he's going to be the chief operating officer and remaining in his current role there. now other corporate news, shares in ubi banca are down this morning after they release the ubi ceo possible candidate for unicredit's ceo. and china is denying the plans to require capital in

accorhotels. coming up, we are live from orlando as america reacts to the deadliest shooting in its history. became a stay over.

and a parade rained on the sales team's parade. and they still made the meeting, without actually going to the meeting. before any of this, cdw orchestrated a mobility solution, using the hp elite x2 1012

with intel core m vpro processors. mobility by hp. orchestration by cdw. welcome to "street signs." i'm julia chutney. >> and i'm louisa bojesen. >> a man wielding his alliance to isis kills 50 people in orlando, florida. and risk off accelerates as investors eye a slew of investor bank decisions and the eu referendum looms. and some fresh polls giving leave campaign the edge. and france ramping up pressure on uafa to sanction

england and russia after football fans clash on the streets of marseille. welcome back to "street signs." let's give you a look at u.s. futures this morning. clearly a few hours until the open of the equity markets, but taking the tone that we saw in the asian session, some of the steepest losses for the nikkei in over six weeks. let me give you a look at how the individual european markets are performing. the ftse 100 is lower by 1.8%. the italian banks once again under pressure with a whole host of bank decisions this week. we have the bank of japan, the fed meeting about the bank of england as well. not expecting to move any of those guys, but expect headlines on brexit to hit sentiment on friday. we had the independent poll for the leave campaign ten points

ahead. >> i think we actually saw the pound at the end of last week as well, the european equity markets are lower by 2% to 3% on that. and during this last full week before the actual vote, cnbc is looking at the potential impact from a whole bunch of different angles. today we are focusing on immigration and specifically ask how foreign-born residents contribute to business. tomorrow then we'll analyze trade and investment. and on wednesday we'll consider how the city and the broader finance industry could be affected. so a different angle every day. thursday's show will then be taking a closer look at the impact on the smes. and we'll be wrapping up the week on friday with a look at the property markets. so with us this morning is sarenda aurora, chairman and founder of aurora group. welcome, good morning. >> good morning. >> so brexit, we have one full week left of trade before people head to the polls, what is your position, first of all? >> well, i guess like little

people in the country, we don't know whether we're in or out. and we're quite indecisive for so many weeks and weeks until recently looking through it all and thinking, are we individually or as a company business better off in or out? and we definitely now have made up our mind that we are in. >> and why is that? which angle or which parts of the argument made you think that staying in is the better one? >> well, i think you hear both sides, both sides of the camp. and not getting any clear picture. and i think sometimes we're very good at looking at the problem in the country rather than the symptoms. and, you know, when they talk about immigration, i think immigration from a personal point of view, i came to the country in 1972 and my late parents came in the mid-'60s. and we worked hard. we worked to secure a future for

our kids. many people say migration isn't good, it doesn't matter which part of the world, migration is good within the arora group. we have three businesses, hotels, property and real estate. we employ over 2,000 people. and we have all different nationalities, not just from within europe but from around the world. so i think rather that just saying, well, if we shut the borders, and it's not really clear from the leave side what are they going to do? what the policies are going to be. so i would rather be on the inside than being left out in the cold. >> when you talk about the 2,000 employees, can i ask you to give us a sense of what are british-born versus eu workers coming here to work versus outside the eu? because this is a huge part of the debate, too. even when the leave campaign focusing on immigration, they are not necessarily clear at times whether they are talking about the eu um graimmigration outside the eu and what you can

stem and what you can't. >> we are very lucky as an organization that we have a great mixture from all around, we have chinese, we have european, we have asian, we have some americans, we have all different nationalities within the group. and i think it's just really, in some ways, when i talk about the symptoms, not the problem, we should be asking ourselves where are the big problems? why does everyone, whether you look at france and other parts of the world, why does everyone want to come into the uk? one of the things i want to say personally is the soft touch, we make it too easy. we shouldn't make it so easy to give them the benefits and hours, but we should make people work. i'm the last person to be inhumane or not take care of people, but what we should be doing is fair for everyone. not just an easy touch to go to the uk to get benefits. that doesn't apply just to the european folks but the rest of

the world. >> you sound like you're in favor of a point system like the leave campaign has discussed. >> well, i'm just -- that's down the politicians and the government. i think it's a shame in some ways if you look at the uncertainty you mentioned earlier with the markets volatile and the pound the last few days, it's a shame markets are suffering when really this is not in some ways about what is right for the country. it's loads of politicians looking to gain a self-interest. i wish they would get on and say let's do what is right for the uk. >> i think a lot of people would agree with you. thank you so much for joining us. 50 people were killed and 53 hospitalized after a gunman opened fire at a gay nightclub in orlando, florida, sunday morning. nbc's leann greg is at the scene. leann? >> reporter: louisa,

investigators are focusing on the gunman, omar mateen, a 29-year-old man. an american citizen and they want to know what caused him to open fire on the crowded nightclub on sunday morning killing 50 people and injuring 53 others. many of those people are being treated at the hospital across the street from me now. as investigators still try and determine and piece together what led up to the act on saturday. now his father told nbc news that recently his son had seen two men kissing and became enraged and that could have been the motivation for his attack. but back in 2013 the fbi first learned of mateen after some of his coworkers turned him in on comments he made regarding terrorism. then a year later he was questioned about a brief relationship he had with a man, an american, who went to syria and became a suicide bomber. in both cases investigators found no direct evidence that would indicate that he's a

terrorist. he moved to florida with his family more than ten years ago. and he lives about two hours south of this location. and he was a security guard. he was married but is now divorced. his wife spoke to the media and said her husband was violent, that he was bipolar, that he beat her. it was a brief marriage. they met online and married shortly afterwards and were married for some number of months before her family came and took her away. and they were divorce in 2011. so again, this is only the very beginning of what will be a long and pain-staking investigation. louisa. >> leanne gregg from nbc news, thank you. we are talking about fitch and japan. they have confirmed the level rating at "a" but revised the

outlook toing inti negative. they say the offsetting measures as far as the market is concerned is the reason for the outlook. the qe japan is involved in is near 10% of the gdp and they are concerned the country will face further restraints in expanding qe further. so maintaining the rating on japan is now moved to negative. and president obama has condemned the mass shooting as an act of terror and hate and called for stricter gun laws. meanwhile, presumptive republican nominee donald trump lashed out at the president on twitter saying obama should resign if he doesn't mention radical islamic terrorism. now nbc's edward lawrence is in washington. edward, obviously a lot further information will come as we get greater detail in what exactly the motives were here, but to what extent do you think this

plays into americans/public's concern over the lack of gun control versus terrorism and the role of that? >> reporter: julia, the debate has not turned to gun control. but some of the candidates are mentioning it. only in a tweet hillary clinton mentioned we have to close some of the loopholes in the gun control regulation. bernie sanders said the same. congressional leaders just want to condemn the act. hillary clinton's tweet went on to say she's feeling and praying for family members. donald trump also said he's praying for the family members and the victims of this. he also then went on to create a social media storm by saying that he took credit for his radical islam claims calling for more toughness and vigilance when it comes to radical islam. now this morning folks are waking up in the u.s. to flags

at half-staff on all of the federal buildings. the president was briefed immediately when this event happened yesterday morning. now, you said this was a nightclub solidarity and it offered a place for free speech for those who went there to celebrate. they were dancing and having a good time when this hurtful act took place. now senator sanders then summed up what other congressional leaders said saying this is just unimaginable. vigils have been held across the country in the u.s., austin, texas, indianapolis, and other countries like brazil. they have had a number of vigils happening there. now, in washington, the men's gay choir sang "the national anthem" on the steps of the u.s. capitol. the nation is mourning what they call the largest terror attack on u.s. soil since september 11, 2001. there are folks in front of the white house that gathered there to sing in solidarity with the victims of this attack. now later on this morning

president obama will be briefed by the fbi director and will be briefed by the homeland security secretary. and he'll talk with the deputy attorney general on the latest terror links in this attack. back to you. >> edward, that is exactly the point i want to pick up with you. the fbi looked into this guy in 2013. they looked to him again in 2014 and the case was closed because they said they couldn't find any substantive evidence in looking to connections to a u.s. suicide bomber. do you think this raises questions on the security forces in the u.s. and whether greater detail work is needed? >> reporter: well, this one and the attack also from san bernardino, both of those cases, the folks were looked at and for whatever reason the case didn't go forward. experts that i talked with actually in the last day say that this may change the way things are happening. however, there are literally thousands, tens of thousands that the people interviews and

talks to on a daily basis. and the manpower needed to watch ul of these people at the same time is just impossible according to the security experts i have seen. so going forward, though, there may be greater scrutiny on some of the folks that the fbi has already interviewed. however, this person was not on any terror watch list. in fact, he worked at a security guard and the security experts say that is almost a perfect role for someone who is planning a terrorist attack. because they could -- he had security clearance through his company. >> the fact that fbi tried to get information from apple to try to unlock that phone. that raises the question once

again about security versus privacy and what is most important. >> loads of you are writing in. it is interesting to hear your viewpoint. we welcome all viewpoints. e-mail us at streetsigns@cnbc.com. many say to tell it like it is. this is not just a hate crime. it is everything in there. if you have unstable individuals and if you don't have any gun control, it makes it that much easier. because we have also had terror attacks in europe as well. people do get ahold of guns. >> this is the point that actually donald trump plays to. he's someone standing up here and saying we need to take action. you can disagree or agree with the kind of action and the rhetoric he comes out with, but when you have someone that obama isn't winning to at least tackle what seems to be some kind of

terrorism. >> what does the action mean? because you cannot bar people from a certain religion and how are you going to force it? and trying to drive more hatred between religions maybe isn't a good idea in the longer term either you could argue. >> even if people aren't willing to admit they are very fearful, they are supporting his views for a reason. i think there's a lot of fear out there. >> definitely. the more we know, the more we know, right? coming up here on the show, anything but a hollywood ending for walgreens and the saga. we'll have more after this.

hi, everybody. welcome back to "street signs."

verizon and at&t are prepared to move on to the third and final round of bidding for yahoo!'s web assets. according to reuters, verizon will reach out on monday to see if they made the final round. warren buffett will also make it to the third round according to reports. and walgreens is ending their relationship with theranos. they will close 40 wellness centers in arizona. theranos was sued last month for misrepresenting the accuracy of their blood tests. symantec has announced it will buy cyber security company blue coat for $4.65 billion. as a result of the purchase, 62%

of symantec's revenue will got from enterprise security. and we'll bring you up to speed this morning with the german market down by 1.4% sentiment. the s&p is indicated lower by five points. the dow lower by 34 points. the nasdaq is lower by ten points at this point. obviously, what we saw at the back end of last week, particularly the back end of the session was that poll for end dependents on the brexit. a ten-point lead for the leave campaign. we'll watch the moves in sterling this morning. in particular, euro/sterling hitting the eight-week low this morning. trading at 1.41 against the dollar. the level there, if you look at the options market, in particular, too, the pricing

here, there is zero liquidity to try to offset some of the volatility and the record highs that are really extreme. we are joined by the chief investment officer at brynn moore trust. one of the reasons we saw the brexit looming, how important is it for a sentiment in your view as we are ten days out now? >> yes, good morning. thank you for having me. the brexit issue on june 23rd looms very large. certainly as you pointed out a few moments ago because of the online survey really did hit the u.s. markets rather hard at the end of the week. and it is very troubling, if you will, you mentioned the sterling being weak. we certainly see issues with respect to trade and currency certainly for uk companies domestically, which we greatly channel. and then the exporters will take

advantage of the weak sterling. so we do think it is disruptive along with, of course, the meeting this week with the bank of japan. there are a number of macro issues right now driving the markets. >> do you think that people would stop investing from the u.s., for example, into uk companies or uk asset classes in the event of a brexit? >> no, we don't think so. as a matter of fact, we think that companies that are domicile in the uk drive a greater percent am of their revenues from their exit business will do fairly well. for example, at bryn mawr trust, one of the napes we have in our strategy is domiciled in the uk, derives a large percentage of its business from outside the uk will benefit, so companies like that will benefit. so we see it as more disruptive

to the markets. generally it's a two-year negotiating period as to the treaty of lisbon in 2007. so it's just a period of uncertainty. and as you well know, the markets really do not like uncertainty. so we think it will be disruptive from a general market perception rather than from a specific perception. >> you might get and opportunity to buy things cheaper if we get a brexit, that's what one fund manager said to me last week. but you also like the u.s. bank. talk a bit about what you see there, where you see value and to what extent is that contingent of a greater fed rate hike as we push throughout the year? >> right. good point on the banking area. we look at the banking stocks as an area where there looks like there's a lot of value. a couple things going on there, and certainly negatively affected, if you will, by interest rates or that net interest margins and the ability

of banks to really get profits based on the spread in interest rates. and secondly, commercial and industrial loan demand has been rather lackluster here in the u.s. so those are the two things. however, when we look at evaluation basis, both whether it's p.e. or other measures to turn on equity, we see these as being very attractive. you look at dividend yields in the sector, we are seeing some of the names that we like to own in our strategies as having current yields at 3%. and you think, which another issue, which is coming up actually at the end of this month is the comprehensive capital analysis review by the federal reserve that comes out on june 29th. and we have been following this for a while. we certainly know others have been following it. we think there could be potentially good news here in terms of capital ratios for banks, which may lead banks, some banks at least, to be able to increase their dividend to buy back stocks. so we think it's and area that

despite some of the channels could be attractive. >> ernie thank you for your time, the cio of bryn mawr trust. back to the top story, 50 people have died and 53 have been injured after a deadly shooting at a nightclub in orlando, florida. >> reporter: an outpour of support as many search for answers less than 24 hours after the deadliest mass shooting in u.s. history. just after 2:00 a.m., the clash of gunfire rose inside the popular gay nightclub pulse. >> oh, my god. people are getting shot, dude. >> reporter: at least 50 were killed, 53 or more injured. the deadliest shooting in u.s. history. >> i have ballistic vest here for any of our individual that is are entering the red zone.

>> reporter: as police moved in, the wounded were moved to area hospitals. while dozens still inside the club were held hostage. the standoff continuing for three hours before s.w.a.t. teams stormed in killing the suspect during the firefight. >> per staging, we now have a large mci unit, 250 patients. >> reporter: as the magnitude sunk in, desperate family and friends searched for loved ones. >> i don't know where my son is. no one can tell me where my son is. if he's been shot, no one knows. >> reporter: we know more about the alleged triggerman, 29-year-old omar mateen who moved to florida with his family ten years ago. the fbi first learned about him four years ago when coworkers alerted agents about comments he made supporting violent extremism. a year later he was questioned about a passing relationship with a man who became a suicide bomber in syria. since then agents say he showed no signs of preparing for a

terror attack. police say mateen called 911 just before the attack pledging his allegiance to isis and talking briefly about the boston marathon bombing. but his father tells nbc news that the killing may have been fueled by his anger over something he saw a few months ago in miami saying, quote, he saw two men kissing each other and got very angry. omar was very upset. maybe that's why he went after a gay club. as investigators continue to search for that reason, this community and the country now search for comfort. jay gray, nbc news, orlando. the pictures also changes the outlook for japan's macroeconomic performance. fitch has raised the growth

forecast, which is a positive step this year up to 0.8% from 0.7%. but the overriding message here they are making is the economic policies since 2013 have not brought them out of deflation. and that is a concern for them. so maintaining the rating but revising the outlook to negative. a flash just coming through reuters that the islamic state claimed responsibility for the orlando, florida, nightclub shooting. that's according to an official broadcast. we heard over the weekend they already claimed responsibility but another official claiming responsibility. we'll see you tomorrow for more "street signs." p?p?h

a developing story, terror in orlando. the deadliest shooting ever on u.s. soil kills at least 50 p l people. this morning we're learning about the killer and his motive. the market saw a big sell-off in asia after stocks in europe are trading lower. and the u.s. futures point to a negative open here at home. it is monday, june 13, 2016. and "worldwide exchange" begins right now. good morning and welcome to "worldwide exchange" on cnbc. i'm sara