♪ good morning, you're watching "street signs." i'm nancy hulgrave. >> good morning, everybody, i'm louisa bojesen. your headlines today, soros warns that the pound would fall 15% in the event of a brexit. stocks take a breather after sharp gains on monday as two conflicts polls have the view on which campaign is leading. chrysler launched an

investigation after "star trek" investor anton yelchin dies. and does trump have a money problem? more from washington on that later. good morning, and welcome to "street signs." well, you can call it the big sigh of relief with just days to go before the eu referendum. stocks taking a bit of a pause here. stoxx 600 is relatively flat, but remember yesterday, we had a relief that many were attributing to the polls in the uk but some of that reality is faileding now as investors look at different opinions from different polls and try to figure out exactly what will

happen with thursday's vote. let's take a look at what is happening. the ftse here off by 0.1%. you're just seeing the gains pare back. the xetra dax flat. and the ftse mib holding higher by 0.4%. and it remains in the uk but let's take a look what the the ftse 100 is doing on a one-week basis. today, off by 0.2%. the one week is off by 0.5%. energy getting a boost on the section from wall street overnight, some of those gains paring back seeing weakness particularly in resource.

let's give you another view on sterling, because that is factoring into the exporters we're seeing listed here in the uk. sterling dollar still holding on to the gains we saw yesterday. higher by .25%. keeping that in mind and looking at what the markets have been doing, we got these two closely watched brexit polls released monday evening. yougov is now suggests 44% voting to leave, 42% to stay. and the telegraph puts the remain camp at 46% for leave compared to 53% for remain. george soros is now warning of a black friday scenario saying the pound would fall at

least 15% in the event of a brexit. writing in "the guardian" saying that it would be bigger than expected. soros added that speculators could gain big but most voters, though, they would considerably poorer. amid concerns of high volatility, no matter what came of the vote, george osborne refused to rule out suspending trading on the ftse that came in a radio interview. >> the bank and we have discussed contingency plans but it's to keep those secret and make sure you're well prepared for whatever happens but if you -- you undermine the power of those plans. >> you are taking contingency plans? >> we are, doing -- we have the

responsibility to people listening to this program to do what i can to protect them. but i have to tell you, you cannot in the end protect people from the economic shock that leaving the eu would bring about. >> well, joining us now is steven maclos smith. investors still trying to make sense of how you should trade on thursday. a lot of buying yesterday given the shift in the polls given what we're seeing this morning even is it too early to say this is a buying opportunity? >> i think the market is continuing reprising probability since it was announced. we saw weak innocence sterling and then rotation of the uk stock market after domestic plays and international plays recently that's digressed just a little bit. but i think, you know, the issue

friday is all of the will post 100%. we'll actually see a lot of volatility that morning. what we can do is have strike volume difficult in place for both outcomes. >> how are you doing that? >> well, we're looking at reducing the amount of risk we're taking. we're balancing but we care about what we need to do on friday with remain or leave. >> is it a difference of remain 50 percent versus 52%? >> yeah, a narrow victory wouldn't officially answer the question once and for all. a strong victory for leave would then open a peridot of some

volume difficult of the uk. >> we hear a lot about kind of the zigzag moves that do happen. is there a risk that we also could see a nonevent, where maybe we could see not as much happening in the market as some of these people are warning? >> i think it's conceivable. those positions would be unwound. to the point, it's perhaps that the nation, whatever the outcome. referendum, you have long scale volatility, then you get a spanish victory. and if he lose in italy and so forth. >> and the fact that we have this omt vote as we're awaiting that from the court on the omt,

on the ecb, some are eye saying it's a push of national powers versus the sovereign powers? >> we know they're ready. we'll adjust it to see if it's consistent with eu law. the justice said that it was. i'm not able to second guess this because i'm a lawyer but my personal opinion is some accommodation will be found between those two positions. >> a full rejection of the program is very unlikely at this stage, isn't it? >> as i say, i'm not a lawyer, and this is a legal question. >> looking at the equity side, does it matter for confidence? >> yes, confidence has been fragile all year. coming into the year we could see there were a lot of political events happening over the last six months.

our hope is stronger fundamentals will then show through. valuations would track particularly for funds. and asset allocation away from europe that's been happening this year as evidenced in retail could to a certain extent reverse in the second half if it gets back on. >> just getting back to the political risks you were talking about with regards to brexit. i was thinking if i were cameron and i called this vote, and now lo and behold the whole country is upside down because of the vote, right. what would i want to do if you see a vote to leave. it's not legally binding wouldn't the people that i associated with in brussels go back, and say, look, everybody in britain, i know you voted to leave with a marginal vote for example, let me renegotiate that. and the eu, they would be really desperate to keep britain on

board. the negotiations could happen and ait could be a win-win for cameron? >> would the voters accept that. >> exactly. exactly. >> i think, you know, the renegotiation that took place earlier in the year, my sense is that the eu reckons that enough concessions were made. but we'll have to see. >> okay. and steven, just before we go, quickly, you mentioned there could be reversal awhen it comes to european equity flows any particular sectors? >> no i said generally, the retail sector has shown that. >> steven is staying with us. get your e-mail questions to steven. streetsigns@cnbc. >> on twitter. >> @nancy cnbc. and the german

constitutional court will soon happened down its ruling on the ecb's omt. remember, the program allowed to buy bonds on the secondary market is compatible with eu law. we'll be bringing you that as soon as it hits the wires. career ending that was the former johnson's family feud earlier this year for the leave campaign. we caught up with him in austin if he stood by this commitment. >> well, that's a very, very interesting question. if brexit were to win, then i think you could say it probably isn't career ending. when i made the remarks in remember he was just about a step down from being mayor of london and it did seem to be a bit bizarre, when everybody assumed he was going to get any job in the cabinet in the government.

it seemed a bit bizarre to come out because i'm a safe guy. i'll say we'll take one step at a time. but he really did strongly feel that this is the moment to make plain his position. i admire him for that. >> did he consult you arriving at that decision? >> i wouldn't say how many people he consulted. of course, i followed his career, as you can imagine with some interest, we overlapped in brussels not just as a child, but we overlapped when i was there in the european commission as senior adviser. boris came as the correspondent in brussels but i say then the euro skeptics were saying, by the way, i wanted to say, one of the reasons that i have not taken the same line as boris has, i sat with an of course called environmentalists of europe, and we do believe there are positive things to be said

about what the eu is doing. and environment of which i was involved for many, many years is one of them. there's a professional interest and a family interest, of course, in seeing how boris was done. >> overall, you believe not just the environmental front but there are other benefits that outweigh it? >> oh, there certainly are taking the position of europe in the world it does seem to be absolutely incontestable. and we are just getting breaking news coming out from that decision on the german constitutional court on the ecb's omt program saying from reuters that the court has rejected the challenge of the omt program. that is the word we have right now. a lot of people are interested in seeing the language of the decision. whether they were to put on if the omt were to expand, if they were to do a certain level, then they would reject.

so, again, they're rejecting the challenge but we're also looking for additional commentary. >> just watching to see whether or not it -- not unravels, but whether it it shakes up the current program? >> of course. the omt is very different. it will be interesting to see actual language of that decision when we get it. a packed show today. coming up later, julia speaks to the uk leader nigel farrage. that's 14:00 coverage throughout the day. and right here to come on "street signs," they're doubling down on bitcoin, telling me why it has more room to run. this as they launch their trading program right here in the uk. we'll bring you that interview after the break.

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good morning, and welcome back to "street signs." we just want to bring you some more information on the germal constitutional court ruling that has rejected the challenge to the ecb's omt program. and some language we're getting from the court saying if the conditions formulated by the court of justice of the european union which, remember, had already ruled in favor of the omt program in its judgment says that we intended to limit the scope of the omt program are meant that the complaints write under the ruling have not been violated. basically the court is saying if the omt is observed or agreements that they do not observe the challenge to the program. so, for now, that is considered as a real success for the ecb and omt program. many were worried that the court could strike it down or at least provide additional limits that they wanted to see for the omt

program. >> you're saying this looks interesting, steven? >> yes, we were chatting earlier about the likely outcome. the conditions here that were set were permissible. we've seen a lot of volatility in german and italian bonds. that has to do with the spanish elections coming up and the local italian elections. and in the last three or four days, they're supposed to come in and i think this will incur confidence. >> okay. let's move on because belgium police they detained a man near brussels shopping center after he called police to say he was wearing an explosive belt. however, additional source, they later told nbc news that the explosive belt was fake.

the prime minister told reporters that the situation was under control, that security services remain extremely vigilant. let's bring you up to steam with some of the biggers stock movers. trading higher after 8% growth in coffee sales and premiere booking, whitebread says it remains confident for making progress for the rest of the year. and now fiat chrysler say they're investigating a crash that killed anton yelchin after it was revealed that the actor was driving a recalled jeep 2015. the recall suv rolled into him pinning him against a fence. and germany's kion has

fallen to the bottom after agreeing buy dematic. the forklift company is financing the purchase with a 3 million euro loan. over 6.5 billion euros in aual sales. let's get back to steven macklow-smith. steven, i'm curious about your thoughts of m & a. a lot of people are looking for the activity to pick up. >> well, what we know as you look at indices, in the years in general, it's falling back a little bit. in the uk, it's falling back five or six months. from an m & a point of view there has actually been a steady flow coming through.

and that goes the other way with the buyout by monsanto. it looks as if the global manufacturers are not deterring companies from look at acquisition. >> at the same time, it could be beneficial, though, turning it around -- could be beneficial in the event of a brexit because if a pound drops wouldn't companies want to buy british companies all of a sudden? >> yes, certainly, if sterling were to fall -- it's speculated that it might, that potentially that could trigger interest in the uk company. >> you mentioned very low rates and there has been some concern that people really aren't taking full advantage of borrowing at these low rates to put m and a aside from that, when do you expect it to pickup. >> if you look at credit under normal strain, because it's a stress test that it might change

credits now leaning in the right direction. if you look at the constituent growth, it could make a return. so, it's very early days. despite the expansion, a lot of the time credit and what we're hoping for. >> would you expect to see kind of safe haven flows positioning into other european equity markets because of what's going on? regardless of either way that the vote could go? >> my sense is ahead of the vote, that is such that is the vote has probably already happened. we'll see what happens after the vote. >> even afterwards, if they stay, is the conservative party impact enough to continue in its current form or we have to see a complete revamp? >> well, the serious concerns before the risk of a referendum

ticked off, but what do you think? >> my sense is there's a definite crush of the slowdown of manufacturer. that's from global pmis. but it's very difficult to disentangle that to what's happened to commodity. it can factor negatively by the commodity prices. so that's slow to make investme investments. can we just ask you januaet yellen, not to forget the fed today, is there going to be any change to the message delivered? >> i think given likely with the relative recent developments, i think they will remain data dependent. >> as always. steven, thank you very much. head of the european equity strategy from jpmorgan asset

management. australian craig wright to claimed to invent bitcoin is reportedly trying to patent the currency now and the technology that powers it. the first on a cnbc, i spoke to other bitcoin investors who made their fame through facebook i asked them about it. >> in may, the volume difficult of bitcoin was actually less than gold for 28 days straight. bitcoin has started to mature and remain stable. recently, it's obviously captured everybody's attention. so far, it looks like the price is sustainable. it's been sitting a couple hundred dollars higher for several days if not a week now. but if we look at the overall market cap of bitcoin which is perhaps $12 billion today and if it is really a gold 2.0, if it's

going to disrupt gold, then the market cap is actually quite small. and there's potential for a lot more increase in price because you look at gold, and the market cap is trillions of dollars. although bitcoin has been appreciating quite significantly over the last few weeks. there still seems like it's really early and under valued. and potentially a lot of room to continue to appreciate. >> yeah, and all of this needs to be, you know, put in a relative context. bitcoin is relatively new. it's behaving in the early days, behaving like an unregulated commodity, and now regulation is coming down the pike so it's starting to mature but all of that is part of the process of the new technology. >> but you still have skepticism surrounding bitcoin. i've gone to various investors the likes of michael morrison, and the skepticism as well.

when do you think it will turn the corner so it becomes widely people accepting bitcoin? >> so there's no skepticism if everyone believed in opportunity. the window of opportunity, your investment opportunity wouldn't exist. but in emergency room its of regulatory skepticism, at least in america and i understand the uk, things are pretty warm to bitcoin. so, about a month ago, we were actually given approval to become the world's first and only licensed bitcoin through exchange by new york governor andrew cuomo. actually, his office issued the press release. so, the new york state governor and new york state regulators are totally on board with digital currency and the merits of the innovation and the technology. and that is a prevailing feeling across all the u.s., the uk, canada and other jurisdictions as you'd expect. so, of course, anything that's knew, any technology that's new

fangled, bitcoin or ether, avoids some skepticism but we're seeing the merit to technologies at least in those jurisdictions, we think that the crypto currency such as bitcoin are here to say. >> i was speaking to the winklevoss twins speaking from new york. and uk investor can get on and trade bitcoin. >> i wonder what the uptake is going to be, the popularity? >> exactly, people still don't know ma the bitcoin is in the u.s., especially when they have stiff competition when it comes to market share. >> okay. very popular. >> in some. the address is "street signs" europe @cnbc as usual. >> and you can find me @nancy in

the show, and @streetsigns cnbc as well. listen, we need to take a short break. check out while we're at it, the world markets, loads of good stuff on there, lots of brexit stuff as well. we'll see you after the break, much more, we'll be talking u.s. politics, more brexit and turkey as well.

good morning, and welcome to "street signs." i'm nancy hulgrave. >> and hi, everybody, i'm louisa bojesen. your headlines today. >> sterling powering to a seven-week high as george soros warns of a black friday saying the pound could fall at least 15% in the event of a brexit. stocks taking a breather this morning after sharp gains seen yesterday. two conflicting polling

overnight, clouding the view on which campaign is leaving. and the court gives ecb the green light on the omt. and does trump have a money problem? new filing showing the billionaire is struggling to keep up with hillary clinton's fund-raising. more from washington -- later. good morning, and welcome back to "street signs." we're taking a look at global markets here as that relief rally which we saw that carried over into the wall street and asian sectors. overall, u.s. futures still going in positive territory. you can see the dow jones called higher by 70 points s&p 500 called higher by 8 points and the nasdaq called higher by 17 points. let's give you a look at how the moves are playing out of the

european trading day here. just about 90 minutes in the session. we're now seeing the ftse 100 off by 0.1%. in yesterday's session, the ftse 100 had its best day since august this as it took a cue from a shift in the polls on the remain camp over the weekend. once again, we're seeing mixed polls and overall it's too close to call in you look at those results. the dax by .25%. the french cac 40 holding in positive territory. the ftse mib has dipped by 0.03%. and britain's corbyn has slammed ukip poster.

now, earlier this week, the uk prime minister david cameron taxied the leave campaign's claim that turkey is on the brink of joining the eu. >> i think this is the biggest red herring in this whole referendum debate, right? i cannot find -- i cannot find a single extra anywhere in the country or in europe who thinks that turkey is going to join the eu in the next three decades. >> michael harris is manager of global research. good morning, michael. >> good morning. >> david cameron saying he will challenge anybody who thinks that turkey is going to join in the next three decades. do you think they will join within the next three decades? i keep hearing five years. >> unfortunately, he is right. turkey is the only candidate who was not pulled into the eu. everybody else it was a specific

objective to get them in quickly as possible with target dates. turkey is the only country that had to shove its foot in the door. the schroeders, the shrocks and blairs didn't think that turkey had a prayer because turkey was politically dysfunctional in the 1990s. and then in 2002 they wanted to achieve the criteria. so they called europe's bluff and they ended up basically forcing europe to make a decision, are you going to renege on the promises, and even though turkey achieved all the criteria. and then even when they were allowed to start negotiations, it was the single only european country that was told you are not allowed to join before a certain date and it was a decade out. but basically, what's been promised to turkey is indefinite candidacy. turkey actually joining the european union is something

without question that's for the future. and somewhere well into the future. and i think it's also important to understand the way turkey is going right now, there's not a chance. the way turkey was going in 2006, 2007, yes, there's a trajectory. so, maybe 15 years from now. turkey is prosperous enough it's not a threat. but it's europe's decision, every single european country, not just britain will have a right to veto this. the french are hostile, and it's not help from a turkish perspective to hear that. >> also, a lot of voters, we think, are going to be voting on emotion thursday. and one of the big emoted areas is the turkey crisis and refugee crisis as well. how does that sit? >> when i filled out my postal ballot, this is a big question,

right? but we're voting on the wrong thing here. the vote should be exclusively about immigration or new deal with europe, it shouldn't be on brexit. now that we're doing it, the visa-free travel is something already agreed upon with turkey. even though that was the plan and you can still have control over ultimately who can stay in your country, is this not unlimited immigration, if you have the ability of controlling who overstays their visa, that shouldn't be a problem. even though turkey has had enormous leverage with europe, this migrant crisis has caused super leverage. erdogan against merkel right now. all he asked them to support the travel. he didn't even ask them to change the conditions and that's hurting them right now because one of the conditions is they have to change their terrorism

legislation. which he refuses to do. with the leverage that turkey has they're not getting what they want easily from the eu, they have to fight tooth and nail. and turkey leaving the eu, i don't want to use the term red herring, but it's part of it. >> the immigration is not going away outside of the eu? >> i'm guessing you're talking turkey, but you could be talking britain. merkel had gone saying we want you to join. in the french election, sarkozy made it very clear that turkey will never join. unfortunately, at the time of political stress, it's like trump with the mexicans, for political gain. it's like being told by your boss that you are never, ever

going to get promoted but i want you to behave this way and i want you to work hard. that's why this candidacy has become so important because it's a nice status quo. as long as you make it clear that turkey is never, ever going to join, turkey should be able to get there eventually if they're prosperous enough. 15 year from now, turkey could be the economic powerhouse of europe if they get that right. all that said, i think it's unfortunate that turkey keeps hearing that message, even if it's true. >> i saw in the paper, with regards to the poster it said "breaking point." all of these people fleeing. it's on screen right now. apparently, the people calling police want legal action to be taken against the campaign

saying it incites racial hatred. >> and propaganda. >> exactly. >> can i make one more point and that's basically simply this because we know turkey is not going to join the eu in the course of this generation. this generation of job seekers will lose more jobs to outsources from britain to turkey than it will for turks taking jobs in britain. that's a factual statement, i will bet anyone on that one. more jobs will be lost to turkey if britain leaves the european union. >> michael, thank you very much. michael harris, head of research and turkish products from renaissance capital, thank you. the u.s. senate has rejected measures on restricting gun sales. the gun control measures lost votes primarily among party lines. republicans and ally it's in nra

gun lobby, they say the democratic bills were who restrictive and trampled on the rights to bear arms. a group aimed at keeping firearms away from terrorists on the watch list. >> this is heating up to the debate on the election season. meanwhile, a british national has been arrested for attempting to shoot presumptive republican nominee donald trump. police say donald stanford attempted to wrestle a gun over the weekend. the 19-year-old told investigators that he had traveled intending to kill the candidate. >> and trudge fires his campaign manager corey lewandowsklewando.

showing trump's campaign trailing that of hillary clinton by a wide margin. bringing us up to speed is nbc's tracie potts standing by in washington. >> hey, good morning, we are hearing a lot from donald trump, but when you take a look at the things that really make a campaign run, he is trailing hillary clinton when it comes to money on hand, advertising and the number of people he's got running the campaign. let's take a look at the money, folks. we just got new reports in from the fec, the federal election commission showing donald trump with $21 million compared to $41 million of hillary clinton. he hasn't run an ad since back in may. she spent much of it hammering donald trump with his policies. we have a speech coming up where

she's going to detail saying she's dangerous for the economy, saying he's going to drive it off a cliff. he could load himself up with more money as he's done before. the lack of campaign funds in his coffers compared to hillary clinton, the lack of staff, and ramping up now for a general election. hillary clinton has 700 people on hand. donald trump has about 70. >> and, tracie, to what extent, when you look at some financing questions here, do you think that has anything to do with separating ways with the campaign manager here? >> corey lewandowski. it's possible. corey lewandowski has been let go from the campaign. he said that he is gracious. trump says it's am micable. but the fact is he had already been demoted another person paul manafort brought in after allegations of assaulting a reporter. but it wasn't just that,

insiders say that lewandowski's philosophy is let trump be who trump is and that has gotten him to the point that he is today. and it was donald trump's kids who pushed the point here getting rid of lewandowski so they could make a better run at this general election. >> tracie potts, live from washington. meanwhile, linkedin, the world's largest professional networking site has released a list of the world's top employee attracters. this is their ability to attract and retain talent. on top of that list is apple, salesforce, facebook, google and amazon but it's somewhat of a different story here in the uk where retailers are actually ahead of the list on top attracters here. i had a chance to speak with linkedin executive dan roth and asked him why. >> it's totally shocking to see a number of retailers atop of the uk list.

these are companies that are figuring out how to get people to work for them. you think about retail as a place with high turn, very difficult to bring people in. uk retailers seemed to have cracked the code. and they are now places where they can get top talent just by saying we give you a great place to work. we give you great reasons to be here. and they know that they can't deal with churn all the time and still run companies that are going to compete against amazon and compete against each other. the other part is that, we've seen this globally also, is that employees really want to work at places that they can explain to their friends, their family. and say here's where i work, i work at john lewis. you know the place. you shop there. you can go around and explain on your resume where you work everyone understands when you leave that job because no one is working permanently anywhere anymore. you want to be able to have that ability to say this is a brand i

work for. you know this brand, too. you know what it takes to work there. for retail, that's what we see. >> we're told that the top graduates from universities globally and here in the uk are being attracted by startups. the small keys, those that have a haven whether in silicon roundabout or soho. does that the way it's conducted mask that trend somewhat, is it skewed towards the large every companies? >> one of the things we did we did a cutoff of 500 companies to be taken off the list. there are a lot that want to attract to be part of a small company, ten people working in a garage, those are not going to show on the list in year one. as they grow, we certainly hope they will be on the list. we want to get a sense for if this is a data-focused process, the important part is to have lots of data. now, if you do work at the

companies that have made the list, a lot of them are companies that think entrepreneurially. that try to give their employees a reason to own their own destiny. a lot are thinking like entrepreneur. an example is coke, they're basically saying you have to prove your worth every single year. we're not going to give you a budget just because you had a budget last year. just like a startup. p & g is pushing a lot on the people on the front lines regional managers, people running brands right at the ground level. and a lot of this is this culture of the startup, where you hire very few people, you give them a lot of responsibility. you tell them they're going to sink or swim based on how well they do. the big companies who have made our top list are the ones who have embraced that.

>> dan, just before we negotiation i've got to ask you we are just days away from a major vote on a eu vote on the referendum, i know it's not part of your list specifically do you have any indication from the multinationals based here in the uk, or would you assume on your own accord that the multinationals are nervous from a sheer global image perspective of operating here in the uk what the vote might be? >> yeah, sure, we've seen a lot of posts about the subject. martin sorelle said basically, this is going to cost the uk millions of jobs. the major sentiment seems to be from the ceos either on the lis. a lot of employees are worried what this means for employment, they're worried for sales. there's a lot of concern. there's a lot of people who say stay in because it makes sense.

there was a great article from a fintech company saying we dependence on getting engineers from romania. and for these european companies being able to build the fintech startup, we're going to lose that if the uk exits. there seems to be a fear of people saying we want to stay in. but we haven't gotten a list yet. >> you can see the first attracters on linkedin on our website cnbc.com. >> e-mail the show, @cnbc.com. you can feet us directly. >> i'm @nancycnbc. >> and i'm @louisabojesen. and approaching it coming up. >> all the undecided voters are expected to be skewed more heavily for remain. that would be a huge factor.

>> we've got massive coverage coming up on friday when the results hit. coming up on the show, could the uk referendum be the end of the euro experiment? our next guest says that a brexit could be just the first domino to fall. we'll take a closer look just after the break. see you then.

good morning and welcome back to "street signs." mark zuckerberg has strengthened his control over facebook, after shareholders vote todd to appro restructuring of the stock offering. jul jul julia boorstin has been covering the meeting. mark zuckerberg and his

board to solidify a review. >> over a five-year period, some of the newer initiatives that we're working on i think will start to not only become very large communities in their own rite, and some of these initiatives will also start to contribute overall to new businesses. i'm thinking about new apps we're working on like messenger, and whatsapp, which i think you can say pretty active communi communities whatsapp with more than 1 billion people. >> reporter: as zuckerberg continues to build the business, thanks to the new class of shares approved today he'll be able to maintain his voting control, even though he slowly sells shares to fund his philanthropic efforts. even though facebook share, up some 38% over the past year,

zuckerberg's proposal drawing opposition from shareholder advocacy groups as well as north star asset management saying it's not in the best interest of shareholders. others say it comes with it. >> that's who we are betting with is zuckerberg and that's totally transparent. my think is if you don't like it, don't buy the stock. >> reporter: and the mood of the meeting which took place at this hotel earlier today was upbeat. when zuckerberg was asked if he is going to take a step back to focus on phil lanpy, he said, no, he plans to run facebook for some sometime, draw ago process from the audience. >> if i had a company like facebook. european president donald tusk says he feels a negative result of the uk referendum could be the beginning of the end for the union.

>> there's no draw, i mean, the decision is out. and first of all, it's so important to show today that of course, we're willing to respect every result. >> the author of "the euro experiment." he joined us. paul, welcome. you say you're shocked at how we underestimate the politicians' commitment to keep the eu together? >> i think that's right. when again and again, european politicians rally to defend the single currency. and that's why i don't completely accept the points that the european chancellor is making. i think it will be an attempt to come together to attempt to

defend eu if there is a vote for brexit. >> how would that look? i was speculating earlier whether cameron would go to counterparts in the eu and say, look, let's renegotiate points in the past and we avoid a brexit. >> well, cameron has said that he's not going to do that, and if there is a vote, he would simply proceed. of course, no one really knows what exactly had happen. and clearly, a lot depends upon how narrow any such majority in favor of brexit would be. you know, if it's a very, very narrow majority in favor of brexit that changes things. remember, that the house of commons is opposed. you couldn't get a majority to pass the legislation as things stand. and after all, this is supposed to be after restoring

parliamentary sovereignty. but i think the broader point about european leaders doing their utmost to defend the european union, which they regard far more than we do as a peace project must not be underestimated. >> paul, we talk about the ripple eck if the uk were to exit, other countries would try to follow in their footsteps. is it different for brit jn because they're not part of the eurozone, is it a different situation, say, if italy were to leave or spain were to leave, do you think there would be a ripple effect? >> definitely in the event of the italian -- >> but with the uk, what do you say? >> well, i think that would induce further movements. the political risk is there. the recent pew survey of attitudes in europe is extremely alarming. french are more disappointed with the eu than the british.

of course, this reflects the fact that the economic experience within the eu has been unsatisfactory. >> i like the point that you make on how london can become the financial capital of the currency union, even though britain is outside? >> yes, this is a great surprise. hermit cohen also thought the city of london would be the reason why we would join. but in fact we were able to explore our opposition in the single market. and very important part of financial services which we put at risk. there's the capital of the euro there, financial capital. >> we've got to go. thank you very much for being with us. paul wallace. author of "the euro experiment." that's it for "street signs." see you tomorrow, bye.

good morning, the countdown to the uk's big decision is on. global markets on high alert. and new this morning, legendary investor george soros warns a brexit could trigger one of the worst one-day currency collapses in history. a huge voice there. breaking overnight. germany clears an ecb crisis-fighting tool. we'll tell you why this matters a lot. and your money, your vote. new numbers on the presidential campaign fund-raising. donald trump falling far short of hillary clinton. it's tuesday, june 21st, 2016. and you're watching "worldwide exchange." ♪