good morning. global markets rally and stocks surge around the world as the brexit fears start to fade. and he's been called a rock star, but the top policymaker is leaving. we'll tell you why and what global investors are saying about it. plus, nothing but net. lebron james and the cleveland cavaliers capture the nba title and make history in the process. it is monday, june 20, 2016. and "worldwide exchange" begins right now. ♪ good morning, welcome to

"worldwide exchange" on a monday. i'm sara eisen along with donald chu. wilfred frost is in london covering the big brexit vote. he'll bring us up to speed on the latest sentiments in just a minute. good morning, wilfred. first a check on the markets. there's relief in the u.s. equity futures now after a down week for wall street. things are looking up in a big way with the dow futures up 192 at this early hour. s&p futures up 22. nasdaq futures up 50. this after stocks did close lower on friday due to the extreme losses on the day. but on the week it was kind of an ugly one, the worst week for the s&p in seven. >> we just saw trading volumes pick up at the end of the week. we saw the volume rise. still, a more negative tone into this past week and now coming out of it.

>> relief on some of the polls, as for the ten-year treasury note this morning, remember last week was a crazy week dropping down to 152 on lower yields. slightly higher today along with the better mood overall in markets into stocks, out of bonds, yields higher, 166 is the tenure. and the euro is up, the dollar/yen is stronger showing you relief out there. that weaker yen turnaround from what we have been seeing in some of the vent trading sessions. >> a total reversal. the currency not the only one. check out what is happening in regard to the european stocks. all the green is going through there as well. the german dax, when was the last time you saw that up 3.5% in a day? that's a massive high. the ftse 100, 2.5%. italy up 2.5%.

in spain the ibex 35 is up 3.3%. we'll see if these can be sustained or if this happening because of all the negativity. >> there were so many bearish gains against the british pound. so when it snaps the other way -- >> it's all going the other way right now. we'll check on asia because the nikkei closed higher by 2 1/3%. the shanghai composite in china, yes, higher but maybe just fractionally. then oil, we'll get a check on that here, gold and those futures for crude, $48. ice brent crude up $50. gas is $2.68 a gallon. in all this, gold is a reversal. it was the haven trade that everybody bid up. everybody said the brexit will

happen, we'll go into gold. they are giving back the gains. things are looking better all because of some polls over the weekend out of the uk on brexit. for that we'll go to london to check in with wilfred, good morning. >> reporter: good morning, sara. greet to be with you. the first thing i want to point out is the weather. i got complacent with the glorious sun in manhattan and told you not to bring a coat. ignore that, bring one, it's pouring here and a gloomy mood outside the houses of parliament. we'll get a gloomy mood at 2:30 p.m. today when the special session of parliament, 2:30 local time, is going to pay tribute to the murdered mp jo cox. and we'll see in london, the man accused of his murder appear

today. over the weekend when asked by police what his name was, he said, death to traitors, freedom for britain. add i adding that the polls have moved significantly in the last three days. the ft poll showed 44% remain to 44% leave. now the significant move -- the biggest reason for that is a sense of unity among the remaining camp. there's a lot of discord between the labor side of remain and the conservative side of the remain, david cameron, for quite some time. they have appeared over the -- david cameron is accentuating

this move many the poll to come out with a much criticized poster on immigration last week. so much so the conservative members backed the likes of boris for this poll of polls. i want to add one further point, campaigning has been suspended the last three days. the subtotal in june was that the lead was growing significantly. no doubt the last three days have been bad for the leave camp, but campaign will be back up to full speed today. and that could have an effect on the european markets. and we have the treasurer of the remain camp here. and a lead member of the lead camp in duncan smith. we'll break it all down for you

and what it means for the next hour or so. >> we are happy to have you with us. i love to see you in your element lost in the uk. >> reporter: in the rain. >> you bring up the weather and rain, which is a good point. not only because i have a lot of polls -- from the people who answered, i'm wondering how much turnout is going to play a role. and weather always plays a role in turnout, so what does it look like for thursday? >> reporter: absolutely right. turnout will be important because that's a group of people expected to predominantly vote for me. the other area everyone is focusing with is amomgs the -- if people decide not to come out to vote, that could have a big

factor. just for context, last year's uk general election, the turnout was 66%. if it's considerably higher than that, remain likely to do well. if it's a bit lower, then we have a good gauge to sneak this in at the last minute. three days of campaign iing -- was meant to be a 50/50 split. every single question he received was mismanagement. people were angry whether supporting remain or not. perhaps anger against david cameron himself. but there is a lot of interest here. and this campaigning picks up over the next three days. this is not a race that is over yet. it is very close, 44/44, as you say, a significant number undecided. which way they vote and how turnout comes out will be a big impact on the result. >> the intrigue is building up to thursday, wilfred. we'll see you in a few minutes.

now india's central bank chief announcing he's stepping down when his term ends in september. the news was not expected. we're talking about rigorum rajan. one of the rock stars in economics popular with foreign investors. he took control of india's central bank back in 2013 when the country was facing the worst currency crisis since the '90s. but since then he's faced criticism from members of the prime minister's ruling party for not lowering interest rates enough. the rupie reacting strongly to the news of his exit. the rupee goes lower, the dollar shoots higher. a lot of questions on the credibility of the government in trying to maintain a wall. you always have to with the central bank and the government, and he brought a lot of credibility according to global investors and economists to the central bank. >> and you can tell because the

proof is in the pudding. in india's economy, india's markets have been outperformers relative to many of the other developing tight markets around the world. so the question becomes whether or not there's going to be the shake-up in the economy and the markets because of this particular business, but it was seen as a good move in rajan. but he's always faced criticism. he's seen as a global indian because he spent most of his life outside of india and is vulnerable to criticism. the imf, speaking of the global economy wrapping up an official visit to japan, overnight they say there is some progress but they argue that the policies require an upgrade saying japan's nominal growth, inflation and budget surplus are out of reach within the timeframe set by government officials. just the latest sobering warning on the japanese economy. now turning from what is happening globally to just

taking a look at what is happening from the markets calendar perspective, a busy week on the uk on thursday. on this side of theatlantic, fed chair janet yellen is testifying on tuesday and wednesday. this is that semiannual testimony on the economy, monetary policy known as andrew hawkins. look for existing and new home sales this week with the read on the real estate economy as well as durable goods as well. >> it's all about brexit. sorry, janet yellen. you are upstaged this week. facebook is holding a shareholder meeting today front and center proposal on who holds majority control over the social networking giant. landon dowdy is joining us this morning with more. >> good morning. the meeting starts at 2:00 p.m. in california. here's the proposal, changing the voting structure of facebook shares by creating a new class of non-voting stock.

this means as long as mark zuckerberg wants the company, he can share sales. they plan to give away billions mostly through selling facebook shares over time. though it's been met with resistance from shareholders as corporate groups have been critical. the new voting control policy means that board member peter teal is untouchable as long as zuckerberg wants to keep him in place. he was under fire recently for supporting republican presidential candidate donald trump and secretly funding hulk hogan's lawsuit against gawker media. take a look, facebook has risen 35% over the last year. >> the interesting point is that some investors out there would actually want to keep mark zuckerberg with majority voting control out there so long as he remains an active participant, it will certainly be something to watch, guys. thank you, landon. now back to the brexit and the twitter question of the day and the facebook question of the day. we asked you, our viewers and

readers, who has it right on brexit in weigh in and we'll bring you the results later. remain is winning. some people say no clue. we'll see what happens. >> it's an interesting discrepancy between the betting on the polls. >> the polls i don't trust sometimes. coming up, the global markets so to speak appear to be less worried about a brexit vote today. the head of fidelity international will weigh in on that coming up next. keep it right here on "worldwide exchange". d technology partner, you get an industry leading broadband network and cloud and hosting services. centurylink. your link to what's next. you gein your car. odors you think it smells fine, but your passengers smell this. {ding} eliminate odors you've gone nose blind too, for up to 30 days with the febreze car vent clip. wow, it smells good in here. so you and your passengers can breathe happy.

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welcome back to "worldwide exchange." if you are just waking up, we'll bring you up-to-date on the stocks. the s&p 500 up by 20 points. the nasdaq futures up by 1.25% as well. sara, a risk that we'll see if it lasts later into the trading day. european stocks are looking at the biggest move since february. with that, let's go back to wilfred in london. >> reporter: outside the house of parliament, i'm joined by the head of european equities at fidelity. a very good morning to you. thank you for joining us. the massive relief rally we are seeing today, is that related to

the brexit easing over the weekend? >> if you look at the market, you have to say that's the case. there was a move in the polls over the weekend in favor of remain. >> the financials as a sector have been mostly correlated to brexit whether positive or negati negative. >> when you take it to one side, it's in the simplest form. at the end of day, the banks are leverage play in regard to the economy. and it will impact leave or remain would have been the domestic economy. >> is it more than the leverage play to the economy itself with banks or will we see significant retaliation from the likes of dublin, frankford and paris if they left? >> i think it is probably more

about the economy than it is about the sort of city and the financial sector more broadly. don't forget, we are primarily talking about sort of domestic retail banks rather than investment banks. >> as we look ahead to thursday, significant rally today, is your sense now if we get a vote to leave versus remain that the relief rally and the magnitude relief valley depending on the result, which one will be bigger based on the way the markets are? >> that's a great question, wilfred. i might argue that the move either way, even on either outcome, wouldn't be as dramatic as some expect. if we did vote to leave the eu, one of the things that we have been seeing is there's a lot of money on the sidelines, just wanting to get certaincy on this issue. and that would limit the sort of downside risk. and then if we vote to remain, i think there would be some relief rally. i think the scale of it might be limited by the fact that we've got other major issues on the

horizon. i think risk aversion is something we'll sort of creep its way back rather than sort of come back in one go. >> so if we look ahead to the next six months when this issue is behind us for whatever the result, the european equities given the cash balance, are they somewhere to put this to work given the rally? once we move forward? >> our strong focus really isn't toward the market levels and totality, but looking at the leadership within the market. i would say that the market has been incredibly risk averse. so even when markets make progress, it's been a very secure stock that left the market. so people have not been willing to pay that kind of forward looking view of the wide economy. and i think as we go through this year, i expect that to progressively move towards a more positive outlook. >> hey, paras, it is saraiz izi

sara eisen back in new jersey. we are talking about the economy and the shock it leaves, but what about europe? what kind of pain do they feel? >> so you're saying if we had a vote to leave, how much would that impact europe? >> the european economy and the european market. >> yeah, so if we talk about the economy, what we're actually seeing is signs of the european economy starting to stabilize and recover. but it's a little bit further back than what we have seen in the u.s. and in the uk. i think that europe as a region both politically and economically is on the path to a much more pragmatic approach, both sort of in politics and economics. so one of the things we are very focused on is the idea that the market in general has undivided central reforms taking place in europe. so actually i think we can paint

an optimistic picture over europe the next few years. and this vote of whether the uk is stable or it leaves the eu is not as central as people might think for that direction of travel. >> that's right. the structure reform we have seen across europe is not universal across countries. so which countries have parliaments set reform? >> well, we have seen countries like spain, like italy, but still developing in italy, we are starting to see more reforms in france. obviously the significant reforms are taking place in ireland. but it's more about that forward-looking view. it's saying that in an environment where there is no global industrial production upturn, the economies look to more internal competitiveness to drive further reforms. i think sort of the direction of travel is set. but what is interesting to us is that people still have a high degree of skepticism.

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welcome back. for the first time in history, the cleveland cavaliers win their first nba title. they are the first team to come back from being down 3-1 in the finals. lebron james leading his team to the promised land with a triple-double. just the third player to be named the finals mvp three types. lebron a native ohioan brings the first sports title home to cleveland since the browns won the nfl championship back in 1969. >> all of the numbers, all the stats in game seven, the home teams and how they play, everything pointed to a warriors win. i wouldn't say he choked, but a

lot of folks on the warriors didn't play up as well as lebron did. a great triple-double for lebron. >> also from a business perspective, lebron has nike for life. nike has lebron for life. steph curry has under armour locked up. we'll see if there's stock react. and another champion crowned on sunday on father's day on the golf course. this time dustin johnson wins his first major championship with a three-shot victory at the u.s. open at oakmont in pennsylvania. he finished with a birdie on the final hole to end at 4 under par for the entire championship. johnson's win comes even as he was assessed a one-shot penalty following the final round for slightly moving his ball with a controversial call on the fifth hole. defending u.s. champion jordan spieth finished well off the lead, 37th overall. dustin johnson closes out with

the u.s. open win. >> and his wife is elena gretzky. we'll be right back.

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surging after brexit fears fade. and we'll get more from both sides of the debate making their case. it's a huge day, sara. >> it is monday, june 20, 2016. you're watching "worldwide exchange" on cnbc. ♪ welcome to "worldwide exchange." i'm sara eisen along with don chu. we'll have a big brexit vote to talk about. but first, here's a global market rally. stocks around the world are higher. the british pound is strengthening the most since 2008 on further polls that show the remain camp is gaining steam. check out the impact on u.s. equity futures. dow futures up 174.

s&p futures up 21. nasdaq futures up 44 after another down week for u.s. stock. the action in europe is even more intense with a 3% rally for the german dax. european stocks are up across the board. the ftse 100 in the uk up 2.6%. the battered banks are catching a bid. overnight in action we did see green from asia as well. the weaker japanese yen helps the nikkei close out with a 2.3% gain. gains in hong kong as well. and fractional gains in shanghai. now we'll go to the broader macro markets as well as we see big moves there on the currency side of things. we are seeing again some moves higher in what's happening with the euro versus the u.s. dollar. also dollar/yen catching a bit of a bid here. so a little bit of dollar strength here. the big story of course is what's happening with the pounds. the british pounds versus the u.s. dollar. sterling ab

sterling, able, whatever you want to call it, up 2%. 1.2640 is what it will cost you to buy a pound in this market. and we're seeing green there, wti crude now moving at least a little bit in terms of the overall picture here as well. also check out what is happening with the ten-year note yield because that is also moving as well. we are seeing it a bit higher in terms of yields overall. and then gold, we saw lot of the safety bid come for gold prices over $13000. now we're seeing gold back down to the $1286 level. so off by about .60% in trading so far. big moves on the macro markets, sara. a 2% gain for gold last week reversing some of that. the big story this morning, yes, there's some relief that the polls are moving in favor of remain. a few polls out over the weekend. the ft poll of polls put them in a dead heat, 44/44. the betting odds continue to favor remain with a little less than 40% chance of a leave.

but the big news in markets, don, they reflect the fact that so many people, so many investors have piled on to one side of the trade. there is a $6 billion short on the british pound. that's the biggest negative bet on the pound we have seen since back in 2013. so when you have these major crowded bets, as soon as you get a relief rally, a snap happens hard. >> people have gone so far one way that they then have to unwind in certain ways. so this particular move here from what's happening with the sterling versus the u.s. dollar for what's happening with rates all over the place. >> european banks. >> gold, everything else, all of this is going to jockey for position a little bit more ahead of the vote. because we do have much more kind of sentiment coming out. we have three more days worth of trying to figure out whether or not the market is going to position. >> we'll see how the market will position now that they are back to leave. they have been suspended on campaigning for two days to help the remain camp. now that they are back on and

are appealing to britain's voters -- their emotions and sensibilities, could you see the leave camp gain? >> so many moving parts. that's the reason the markets in the next two or three days will be critical. it will be about whether or not traders and investors are positioned one way or the other. you get a sense that not a lot of people are playing this in a large way. everyone is more neutral until this clears out of the way. then people can make more of their decisions. >> you see this as a buying opportunity in the long run because of the impact on the u.s. with all this, let's get back to wilfred in london who has been very closely following the polls and the story on the ground. wilfred? >> reporter: yes, thank you very much, sara. we've got a very important guest with us, the treasurer of the remain campaign. he also is founder of the leading financial pr firm that is all connected to the leading financers and bankers in london.

we'll get to what this brexit vote means for bankers during this interview. good morning to you, thank you for joining us. sorry about the weather. over the weekend, a big move in the polls and the markets, what do you put that down to? >> i think what is interesting is not the headline numbers or even the swing, the slight swing to remain, but it's when people are asked, are they better off or worse off byry maning in the european union, by remaining in the european union. and i think it is that really pushing us to remain with the economy at the forefront and people realizing we have to be part of the single market if we're going to insure to safeguard our strong economy. >> what is your own internal polling telling you about the different breakdowns of demographics, how important is turnout to get over the line? >> turnout is extremely important. we have seen record numbers

registering and we have record numbers of young people. so that is very important to us. but it's not just young people. it's also, obviously, people in large cities who are coming out and look like they are going to be voting in high numbers. i would be very surprised if we didn't see a number at least as high as the general election, but i suspect higher that should benefit us. >> the top pr firm, the biggest in the city that you have founded, you have a lot of senior bankers, are they worried about this vote? >> well, one is financial services that accounts for 30% of the gdp. we're talking about hundreds of thousands of jobs. we've heard from people like jamie dimon and jpmorgan and goldman sachs who say they will move offices and people from this city. but we have to remember this is a day when a company like burberry has written to all its

staff, one of the largest facilitators in london has written to all its staff, and big business accounts for 10 million jobs. these are big numbers. >> although, there are people on the other side, the likes of dyson and others who have offset the argument. let's focus on banks, what about the legal structure in the uk and talent pool, is it realistic for jamie dimon to move 4,000 jobs elsewhere? >> i think we have to take him at his word because he's a serious person and one of the most experienced bankers in the world. and hae's been very, very clear. he made that pledge over here and he set out very clearly why it would be a problem for him if we left the eu. i think that is true for a lot of the bankers. so they wouldn't be able to operate freely in every european country. >> of course we should talk about the stock up to 4,000, not an outright number.

you are a pr moment for mr. cameron at this moment in the campaign. how much damage has been done to his reputation over the last couple of weeks? >> i think he's shown himself to be quite passionate about this. that he doesn't just want us to stay in the eu to safeguard the economy but it is about what kind of country we'll be. he's come out very open, diverse and tolerant in britain. and a sort of britain outward looking and leads in europe, not leaves. and i think it's that type of vision that he was giving last night and that we heard a lot from him over the last few weeks. i think it is quite impressive. >> very quickly, you said a couple weeks ago this will rest on three pill larceny, economic, security and leadership. predominantly, this is a negative campaign about the prospects of leaving and what that means for the economy. give us 30 seconds in the positive case for staying in rather than the negative case. >> of course. the positive case is we see the civil market extend across

services to benefit europe more than any other country. it's about the position in the world to lead. i think the european union helps magnify our role. it doesn't moderate it. finally, we can stand up to really nasty, scary nationalistic autocratic kleptomaniacs. >> all right. thank you so much, roland rudd. >> wilfred frost there in london. see you in a moment with ian duncan smith. he's the former leader of britain's conservative party in david cameron's cabinet in march when he famously resigned after disagreements with the prime minister. now he's the leading face of the leave campaign. we'll have his argument why britain should leave the eu next. you're watching "worldwide exchange" on cnbc, first in business worldwide.

welcome back to "worldwide exchange." we are still outside the houses of parliament. i'm joined by the former leader of the conservative party in iain duncan smith. good morning to you. thank you very much for joining us. significant move in the polls over the weekend. the leave camp, your camp had

significant momentum during june that switched. do you fear a huge growth in unity amongst the remain camp over the last couple of days? >> no, actually, i don't think there was any noticeable move at all in the polls. the professor kurdish who does all the exit polls, he's made it quite clear this is just people moving one way or the other. it was pretty much 50/50 before. one notes that the poll remain was well ahead last week. now it is down to one point. take it whatever way you want. the polls don't matter at the end of the day but it is about 50/50. >> campaigning up to full speed the next couple of days, sovereignty, immigration, the economy, which is main one to push to voters? >> the main one is that this is about the government. it may be astonishing to people around the world, but there's a debate going on as to whether or not the oldest parliament and democracy in the world actually

wants to get its sovereignty back. the fact is that 60% of the laws make it an unelectable party. we don't make our own laws. so getting power back to make your laws is taken for granted by most countries in the world. but here in the european union, unelected bureaucrats make most of our decisions. >> is it surprising that president obama came here a few months ago to say that britain should stay in? >> no. when he came here, it drove more to leave than to stay. what british people do not like, and he underestimated, it would be like me going to the united states to tell them what to do. nobody likes someone whose vested interest is to have britain stay in the european union for his interest, not for the british interest. so frankly, i asked him to come back again because he might do us all a favor.

>> then we'll touch on the sovereignty argument. the economists around the world have seemed to be united. did you have a number in your mind what the gdp hit might be in years one or two? >> i make it a point not to agree with economists when they forecast something. they get it wrong more times than right. this same group from the imf, the bank of england, every one of them failed on the erm. they said it would be a disaster but it turned out to be a wonderful success. if they didn't join the euro, they would take a massive heat. the european union is taking a massive heat. and every one of the economies failed the crash. i have a simple message, it's no more likely to be right than your soothe sayer throwing into a bucket. truth is, you can only go on the

facts you have now. and my belief is that the british economy is essentially stable. i think the british people in the economy free from the shackles of the european union will do well. and i don't believe in forecasting these things. i simply have faith that britain is capable as the fifth largest economy in the world, soon to bo the fourth, to make it free from the european union. >> how can you be sure that economies around europe don't retaliate if we leave, don't try to drab market share from the city of london? >> once you sweep politicians out of the way and the economists never run anything in their life, by the way, get the two groups of people out of the way and you're dealing with businesses. people will run things. bmw, mercedes, all the machine tools, they sell far more into the uk today than we sell them in capital goods. there's never been a free market in financial services. so our big trade for financial services is hand-strung. but they sell lots of goods to us. if they decide to get even, they will get even with themselves because all that happens is the

costs of goods in britain would rise. they are not going to do that. i was in germany two weeks ago and they all told me, the german businessmen, i was in a debate -- a lot of people have businesses who sell things to the uk said categorically, whatever happens after this, we will want to do a deal. they represent all the companies in there in their meetings. i don't have exact names, but if you ask the german business man what do they want if britain leaves, not one is going to say i want to stop doing business with the uk. business with the uk is the most profitable market for all those german companies, for french food producers and italian carmakers. >> we'll check in with the likes of bmw and volkswagen to see their position. let's talk about the sterling and how quickly it will happen when the uk crashed out with the

euro. do you feel there's a buffer and growth in the nominal gdp afterwards because of the exporter benefits? >> it is very hard to say what they will be. but i have a simple point which is the pound when down when this first started and went back up again and slightly down. it is actually ahead of where it started in february. and most of what is happening, because unlike the erm, unlike the 2008 crash, because people didn't know those things were coming, they didn't have time to price them out. that's what happens in the marketplace when people want a general election, you price out the thing, you buy on a rumor, sell on a fact. that is happening in the marketplace. that's why you see the airuations variations. whatever the worst case they may take, they priced into the marketplace. >> you don't think there will be a falling sterling more than 10%. >> you will see volatility but you will see that in currency all the time. in the last year we have seen more volatility in sterling more

than you would have in trade differences in terms of the social barriers. so my point about this is the marketplace, what is the point of the financial services marketplace if you don't have risk? they price risk, that's exactly what they have been doing ahead of the market. we'll see what happens after. >> we'll talk about what this means -- clearly this is a vote for the british people, not for the german or italian, but significant polls show similar leave movements gaining flax the rest of europe, gaining traction in the rest of europe. >> it is not irrelevant. i love europe. i'm a european. my family worked out in italy all their working lives. i have traveled all over europe and doing business here, but europe is not the european union. the problem with the european union is going completely the wrong direction. it is rigid, bureaucratic, and now it has the euro that has been an utter disaster for french, italians, everyone else.

i how open that we set an example, enough is enough. it's time to get back to what it should have been, a free market, not in any way now what it is becoming, an overarching federal state run by bureaucrats. >> in the early 2000s, you know about the infighting that can take place. you also resigned even before the european issue because of a different issue from david cameron's government. so clearly you oppose him beyond that. is his time up regardless of this vote? is there any opposition witness the party and across the uk that after this vote he needs to speed up his departure from politics? >> the party itself can make that decision. my personal view is i think we need stability after this. if we vote to leave, which i hope we do take back control of the government, i would want to see the prime minister continue because the last thing is you need two sets of change. one big change we're leaving, therefore we need -- he's made it very clear to me and

everybody else and publicly that a vote to leave means a vote to leave. it's not an advisory, it's an absolute direction for the british people and he would get on with that. >> you would join a government under his leadership? >> i resigned. it's up to him whether he wants me back. i don't anticipate any phone calms. i'm campaigning on this, the social justice issue that i felt they are losing the direction on where they go. >> iain duncan smith, former conservative party leader for the leave campaign. >> thank you, wilfred. the message over the next couple of days will be huge here approaching the brexit vote. and we are approaching the top of the hour which means the team on "squawk box" is getting ready for their show. becky quick is here, this week is about brexit and the fed, so many things to keep an eye on. >> don, it is so interesting, i was just listening to that

conversation wilfred was having with iain duncan smith, i heard the same points by a labor party movement this morning, talking about how they take in more goods than they send out, so it will hurt for people to retaliate against them. the fifth largest economy right now to go it alone. it will be interesting to start kicking around the question of brexit and what happens. because obviously the polls show it could go either way. we have a number of financial heavy-hitters on this morning to talk about what the impact may be. first we'll be talking to larry fink of blackrock. and the ceo of morgan stanley is here. and david milliband, he's the ceo of the international rescue committee and the foreign uk foreign secretary. we'll talk to him about brexit, a lot of different things happening. and he'll be talking to us about the refugee crisis, the largest at any point in history at 20 million. we'll talk about that impact on

the vote this week as well. and we'll talk to michael froman and talk to him about what is happening with brexit and some of the other deals we have been watching and whether or not we can get a trade deal pass in this country again. and there are all kinds of companies that young people want to work for. they are -- there are ways to figure out which are the most attractive. linkedn has a new list put together based on the millions of people trying to get resumés out to find job on its site. that list will be lease in 35 minutes' time and we'll have it right here on "squawk" exclusively. suzy welch has been here working for six weeks to figure out which companies are most attractive. which is doing the best job at attracting talent? we'll release that here on "squawk." and finally, if you saw the u.s. open, you know who won. dustin johnson was the man. bubba watson didn't play quite as well, but we'll talk to him today. he's already looking ahead to the next one with the travelers

championship coming up. we'll talk all things golf, too. >> big lineup, thank you, looking forward to it. when we come back, we'll get you caught up on the markets. the dow futures up 180. we'll be right back. shipped from here, on this plane flown by this pilot, who owns stock in this company, that builds big things and provides benefits to this woman, with new cabinets. they all have insurance crafted personally for them. not just coverage, craftsmanship. not just insured. chubb insured.

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a quick check of the markets here, the global stock market rally continues spilling into the u.s. here's the wall street set up. dow futures up 180. s&p 500 futures up 22. the nasdaq futures up 46. the british pound is surging along with european stocks, especially the banks. the twitter question of the day and facebook question of the day, who has it right on brexit? markets are heating up. 46% responding with the bookmakers saying remain is correct. what i find interesting and you do, too, 30% say they have no clue. >> this just shows you there could be undecided voters out there. >> the margin is saying 44% for each, remain and exit. a huge vote over the course of

the next few days in public opinion and a big vote on thursday. >> that's it for "worldwide exchange." keep an eye on the pound and oil is up, too. "squawk box" is next. born with a hunger to fly and a passion to build something better. and what an amazing time it's been, decade after decade of innovation, inspiration and wonder. so, we say thank you america for a century of trust, for the privilege of flying higher and higher, together. ♪

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good morning. stocks are in rally mode as opinion polls shift. and now in favor of the uk remaining in the eu this week. we'll see. and the central bank chief is leaving after three years. journalists there call him a rock star and said he put it back in the process. and lebron james and the

cavs win the nba championship. >> live from new york where business never sleeps, this is "squawk box." good morning, everybody. welcome to "squawk box" on cnbc. i'm becky quick along with joe kernan and andrew ross sorkin. the top story is the opinion polls swung in favor of the voters to stay in the european union. this week's referendum is seeing the markets rally. look at the u.s. equities, the dow futures are up by 185 points above fair value. the s&p futures up by 22. the nasdaq up by 47. still a lot could happen between now and thursday when that vote takes place. but you can see it did have an impact on the asian markets. the nikkei up by 3%. the hang sang up by 1.3%. and take a look at the european markets, already the dax is up by .75%. the cac