tv Worldwide Exchange CNBC June 21, 2016 5:00am-6:01am EDT
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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." ♪
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♪ werewolves of london good morning, welcome to "worldwide exchange" on cnbc. i'm sara eisen along withdom chu. thank you for being here. wilfred is in london. for the big brexit vote. we'll be joining him there tomorrow. first, let's check on the global market picture this morning. u.s. equity futures giving back some of yesterday's pretty strong rally. yes, stocks closed in a high. but still a broad-based rally. look at the turnaround there. futures up higher. dow futures up nine, s&p up 7, nasdaq up 14. building on recent themes yesterday. the nasdaq and russell saw their best day in nearly three weeks yesterday. as for the treasury note yields, yields bumped up a little bit selling of treasuries as the risk-on environment continues.
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1.67 as we look towards thursday and for janet yellen who testifies this morning on capitol hill. as for the dollar, five days in a row decline ahead of yellen. the euro stronger 1.1335. continues to valley. the british pound also on top of a strong, almost 2% rally yesterday goes higher at 1.4754. >> almost 0.5% on top of yesterday's huge move. >> clearly, there's some reversal on some of those bets that britain is going to vote to leave. though, the polls are showing it's going to be close. >> it's going to be close. it's been that way for a couple of weeks now. you talk about the idea that brexit is setting up for the markets, the european equities, let's take a look at those. if you look across the board on some of the major indices in europe, the german dax up. the cac up by 0.2%. ftse 100 up marge anally.
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and ftse mib up by 0.25%. and spain i dex up by 0.08%. the nick key up by 1.28%. the hang seng up by 0.75%. and the shanghai up. and let's look at oil. a bit of moves here to the downside, wti crude u.s.-based crude off by 0.9%. and ice brent, off by 1% as well. $50.10. and one last check on gold prices because it has been a battleground for a lot of this, gold futures off by 1,284.60, sara. >> we'll see if u.s. equity can hold their gains.
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it does seem to be more about crude than oil. >> shocking. >> back to london to check in with wilfred. he's got the latest brexit polls and looking at very influential, as we are all, wilfred, from george soros in the uk this morning? >> absolutely right, sara, we broke this op-ed last night on "fast money." i just want to put this in context first of all for two particular reasons. this is the man that correctly called the fall of the british fall in 1992 when it crashed out a day called black wednesday. he's described what might happen after the referendum as black friday. he said the pound could fall precipitously from the exit. it could fall from where it is now to $1.15. that's a massive move.
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and the range about roughly 139 to 146. so this is significantly below the lows we've hit, even when leave fears at their peak. they're pricing at a level that would be hit, based on probabilities of exit, maybe having to adjust accordingly. this man got it right before he got it right. meaning he's calling it significantly lower once again. let's get on to the polls as well, as you said. two polls out overnight, one from orb which said a significant shift of seven points, eight-point reversal from one week ago to now get a seven-point lead to remain. another poll from yougov, it still has leave ahead. but it does serve a bit of a reversal. a bit of momentum for remain but gives leave a two-point lead. let's go to peter.
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from yougov, three weeks ago, very confident we'd get a remain vote, ten days ago, less so. what is your latest point of view? >> my judgment this morning is back to being reasonably confident to remain. i'm not absolutely certain. i think the book makers have got it right about 75% probability of in majority. 25% possibility of an out vote. i will say last week, there were clearly signs of a shift to leave. the polls over the weekend and today show a clear move back to remain. but as you say, we've got one poll that is fairly comfortable for the remain lead. and another poll shows a narrow leave lead. my hunch is is that remain is probably slightly ahead. and alls being equal, i would expect that lead to grow in the 48 hours now left before people are actually voting. but it's a judgment. it's a probability.
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it's definitely not a certainty. >> now, also, ifby try a bwe tr think of the reasons for what has happened over the course of this weekend. it's not so much people outright deserting leave it's undecide? >> the undecideds, people still deciding who might vote for likely to remain than leave. the other thing, wilfred, which i think i predicted in my first interview with you three or four weeks ago, as we get close to voting day, people are making up their minds late. they're thinking about their own economy, their disparity, jobs, income for their family, people are starting to go away from the risk of brexit. and some of the headline figures, there are signs that that risk factor is beginning to play into the final few days that is helping the remain. >> peter, i will pose this next question, you have to put your ear piece in in case sara wants
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to ask the next question. tell us about the geographical. an interesting data in the yougov poll about that. london favoring, other areas. how much could turnout have across different regions? >> turnouts could be hugely important, not so much regionally, as demographically. the under 30s are more likely to have a remain vote. people with higher qualifications they normally are overwhelmingly for leave. so if we do get a high turnout, we might get a pretty substantial turnout. 60% to 70%. what's not clear who the people in the end will make that marginal decision to vote at all. geographically, i'm thinking of it as pole, it is a close
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outcome, i'm pretty sure scotland and wales will vote to stay in the eu. those outside of london will vote for brexit. leaving just london and the celts. >> i think sara has a question. >> peter, my question is this odd situation we find ourselves in the cycle, we're seeing it here in the u.s., and that is the higher degree you have, especially if you have a ph.d. it seems the less the population is willing to listen to you. politicians, now as influential. the elite, the backlash against the elite. this morning, we're going to find out why david beckham says he's voting to remain in the eu. i just wonder who carries water. who do people actually listen to these days when it comes to when to sway to vote in or not? >> sara, you're absolutely
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right. there's a distrust among politicians. some of the backlash that's going on over the referendum is the status of the supposedly independent experts. the governor of england, mark carney, and very highly respected, both mark carney and the institute says there will be big economic risks of brexit. so the brexit camp is saying all experts are tainted. they're biased. whereas, the remain camp says actually don't listen to the politicians necessarily but listen to the people in the outside world who don't have an ax to grinds. >> peter, thank you for joining us. peter kelner, the former president of the uk, one of the leading pulse. >> those polls very much in focus as we approach that big vote on thursday.
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in other news on the global front, germany's top court declaring a ecb emergency bond buying program. the crisis fighting tool has never been used. it was launched agency part of the ecb president mario draghi's pledge to do quote/unquote do whatever it takes. a large german group wanted struck down. arguing it constituted illegal monetary financing which violated german laws, sara. >> that's all they need right now is the german to vote against the ecb policy to shake confidence out of the brexit vote. well, on today's u.s. agenda, janet yellen heads to capitol hill. the fed declare will deliver part one herm semiannual testimony. it starts at 10:00 a.m. "squawk on the street" will have it covered for you live. day one is always much more
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interesting and she gets much better questions. and there's lennar reporting after the bell. fedex and adobe. coming up on "worldwide exchange," top brexit campaigner michael gove joins us live. he makes a for a go vote. >> here's wra businesses have to say about potential impact of a go vote. >> a major player, and we've tried this for a while and we'd rather go it alone. it's a major sfafactor. the world doesn't come down or anything. even though they're not in the monetary union, that would be a big step backward.
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welcome back to "worldwide exchange." if you're just waking up, let's get you up to speed on what's happening on the markets. dow future is up by 48 points. s&p futures up by 7 points nasdaq 100 futures up by about 15 points right now. we are seeing some green, we'll see if it sticks that way into the opening bell, sara. >> to the brexit vote to janet yellen, let get you ready for the trading day ahead.
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chief investment strategist at capital markets, always good to see you, good morning. >> good morning. >> are you worried about a brexit? >> no. >> why. >> particularly because we're so conditioned as investors we think negative right away. we think negative things goring to happen, and we don't hope for the positive, we don't do the work, we're not fundamental, we're just emotional, we're reactive. >> are you alluding to positioning or sentiment, saying it's going too far negative? or are you talking about the fundamentals? >> both. so, here's what i would say, the reactive emotional trader have made emotional decisions bayuy utilities. and it's worked for how many months? you don't invest for months. we invest for years. we've forgotten how to buy
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stocstock s, how to build portfolios. >> there have been bearish cases that, yes, they haven't panned out but there have been fundamental reasons on the macro sigh and perhaps on the corporate side as to why this market is not as attractively priced as it has been in the fast p past few months. how do you make that argument? >> first of all, people are horrible timers. months should be thinking about quarters and years. number two, we don't argue that 2015, 2016, really that we were going to have issues. we said this is going to be a transition period as we transition out from what was strat zwregy leds by qe, strate led by commodity into high quality developed markets so it takes some time. the fundamental conseptember of
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our country in terms of cash flow really have not been greater. what comes first, the chicken or the egg? companies are watching their network. i don't know what to do. guess what, as ceo, their job is to be more conservative for their stock to come up. i wrote a piece last week called the summer stress list. we're stressed about the fed, about commodities, about the election. all of these things are compounding upon us in this malaise of summer. voluntaries have been super light. >> what is your advice for the long-term investor on how to tune out the noise? >> we would say focus on what the most important part of investing is to look for great companies with cash flow. you have to have cash flow for earning. that earnings will come as we start to get through all of this malaise. they will start to transition to growth again return on investment capital and all of this. so, we think of the market's probably going to have a bumpy
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summer here, bottom out before the election and rally out at the end of the year. >> is there a place you would go in market if the brexit vote comes to fruition or a remain vote comes to fruition? >> if a remain vote comes to fruition, it's clearly financial. financials have been beaten up here. you can take a look at the relative look of financials with the yield falling. the leave vote is already traded in. it's already priced in. some have said it's not priced in. it's priced in. with the leave rolling out to become its own read sector. there's near term risks as well. >> brian, thank you. i love your healthy dose of skepticism. >> early in the morning, i love it. when we come back, new numbers on presidential campaign fund-raising. donald trump falling short of hillary clinton. we'll ge you those latest numbers from washington.
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next. but before we head to break here's today's national weather forecast from the weather channel's kelly cass. >> good morning. today is the first full day of summer. we began the summer last evening and we have the hot situation still across much of the east starting off with showers, we could have another round today. notice the red in maryland and delaware, stretching all the way back into the nation's heartland. damaging wind, large hail, the main threat with the system and possibly isolated tornados. otherwise, the heat is still on in the west and southern plains. dallas looking the a high of 96 degrees. phoenix also got well into the triple digits once again yesterday, we do it again today. blistering hot conditions from palm springs, california, right through arizona and moa bchb uts
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>> thank you for joining us. you're encouraging voters to embrace the unknown, something that is uncertain going forward. huge momentum behind you to do. the momentum has shifted in the last few days. >> i think on thursday, people will be voting on the basis of arguments. one of the arguments i've tried to make throughout, if they vote to leave, the vote to have confidence in this country, in its institutions and its people. i think what is a significant decision, of course, change its path for a generation. both sides have made their arguments with passion and with force and with influency. i fear they are being fearful. to my mind, surprisingly pessimistic about britain's potential upside. >> i apologize for the noise in
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the back. now, in terms of the shift in momentum you've seen over the weekend. part of it cuomes down to an anti-immigration poster by nigel farrage. has he in fact made your job more difficult? >> there are things that nigel has done that i disagree. i think the important but i try very hard not to single out any individual in this campaign for criticism. it's important to bring it back to the arguments. there are legitimate concerns about migration. i think our economy and culture benefits from new people arrive here. with migration, it has to be confident that the numbers are controlled we can't do that with the eu union. >> another issue you fall more poorly on is the economy. for the criticisms, whatever that truth the specific forecasts we've heard from the bank of england and the
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treasurer, he is giving specifics for voters to go on. whereas, it's pretty vague, from your side, what a vote to leave would mean to the economy. can you give a specific figure on gdp, for example, that a vote to leave to impact just on the short term? >> i think one of the reasons i'm very wary of making forecasts for the future is that economic forecasts have so often been wrong, whether it's from our own treasury or from organizations like the imf. i think if you're making an economic judgment one of the things is look at facts and fundamentals. the facts are britain has a trade and it wouldn't be within europe's interest to erect trade. and manufacturing has gone up, more jobs have been created. employment is at an even higher level now than at the rt that of the campaign. if we vote to leave we'll be able to build that.
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by voting to leave we can not only take control of what we send to the european union, we will also be detaching ourselves from a sinking ship that is the european economy. >> quite often you've mentioned that people have got it wrong in the past. these forecasts as you mentioned. you just mentioned the pound. george soros, he's got it very, very right in the past about the pound and made a lot of money off the back end of it. he said the pound could fall precipitously is his word if we vote to leave. do you know about the pound? >> the george soros is an advocate of single currency. he thought it would be a good fate. unfortunately, as we now know, it's been bad for the people of greece. >> he's been wrong -- what about the pound if we vote to leave? >> he's made judgment calls in
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the past, and he's made judgment calls in the past which has served his self-interests. i don't necessarily think that george soros is thinking primarily about what is important for their interest. those people that create jobs here they have views and some of them are successful, arguing that we'd be better off if we left. >> let's look at the trade negotiations, you mentioned correctly that we have a trade deficit. if you look at it on a separate basis, however, particularly financial services, a lot of our viewers welcome financial services, we have a significant surplus there. wouldn't the likes of dublin, paris want to grab market share where we do have a surplus discounting your argument? >> one of the things about financial services there's not a single market in services in the european market at the moment. we do very well. one of the reasons we do so is that there are four great financial centers in the world,
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hong kong, singapore, new york and london. and the thing that they share is the english language. the services, noncorrupt judiciary, and, of course, access to significant sums of capital. none of those things would change if we vote to leave. in fact, if we vote to leave we would also free ourselves of some of the regulations coming down the pike that the european union wants to pose which i think would be harmful for jobs in this country. >> let's start in on jobs a little bit more. you mentioned it a couple times. you told sky on the 2nd of june, i can't guarantee that everybody will keep that job. how many jobs as it were sacrificing in the short term for the long-term benefits received? >> i don't think we'll be sacrificing jobs in the shorter term. i think there is a particular point that's important to make which is whether we vote to remain or leave there are global
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headwi headwinds, there are risks in the economy, i think we'll be in the best position to deal with the bumps in the road if we're in the driving seat rather than having the european union in the driving seat. we know there are businesses proposed now which existed, and people have lost their jobs and that's within the european union. i think we would be in a stronger position to be able to help people through the transitions with the economy inevitably involves if we were outside. >> very quickly, finally, do you think you resonate with voters better than david beckham does? do you think he came out for remain this morning? >> i think david beckham say much, much more popular person than i'll ever been. i respectively days agree with him as many people in sports do. >> mr. gove, thank you for joining us this morning.
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michael gove the secretary for justice and also prominent leave campaigner. sara, back to you. >> much more of a fan of david beckham than george soros. when we come back, more including fed chair janet yellen on capitol hill today. but, first, sara, before we head to break, here's what some of the biggest businesses have to say about the brexit vote. >> if brexit wins then fear gets into the market place in terms of expectations for growth as it is in europe become threatened. it's how you stay connected to each other and to your customers. with centurylink you get advanced technology solutions, including an industry leading broadband network, and cloud and hosting services -
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x1 makes it easy to find what you love. call or go online and switch to x1. only with xfinity. ♪ welcome back to "worldwide exchange." a check on global markets this morning, we're looking at a rally for u.s. equity futures building on what was about a 130 point gain yesterday. rally closing off the high still the best day tour stocks in about seven weeks. dow futures up 51. s&p futures up 6, nasdaq futures up 11, following in the footsteps of europe where we're seeing broad-based gains. the british pound is up. we're back to levels that we haven't seen since the eu referendum was called for
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britain. the german dax is flat right now. we did get good numbers out of confidence. the zen bw index. >> as you said, there are flat markets in europe right now getting a bit of abreak from yesterday's gains. >> to show you quickly the overnight action in asia as well. the weaker japanese yen has helped jean stocks rebound. up 1.3% overnight. and hang sentence down .75%. >> euro is trading up on the day. the dollar yen 104.30. some dollar strength there. the pound moving higher yet again by 0.5%. let's check in on oil prices as
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well because they're always a focus in this trade today. wti crude off by 0.87%. ice brent crude future, $50.15. and the check on the ten-year u.s. treasury note, the longer end of the curve here you can see a little bit of a tick higher in terms of yields. 1.675%. and of course, what's happening with gold prices as well. that's been a big proxy for the whole safety trade. gold off by $1,283.40. >> the sentiment around the brexit vote on thursday, 143.83 is the highest since the eu vote was set. it reflects a number of things, one, the polls are still close. but the betting margin is to remain. >> to remain.
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>> and that is helping the pound. there is also big moves in context because there were a lot -- >> against it, against. we talked about it yesterday about the positioning aspect. if you're a viewer right now, you can see on the right-hand side of your screen, that's almost a straight line higher over the past few days. >> the only other thing i would add, this comes on a day where george soros, legendary investor who broke the british pound in 1992. warns in "the guardian" newspaper if you vote for brexit, talks to the britain people, it's go to be a lot more 15% to 20%. and the manufacturing is going to have so much uncertainty that it's not going to help. >> we're going to dive a lot more into that soros commentary later on in the program. let's take a look at what's on today's agenda, janet yellen
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heads to capitol hill. he's going to deliver part one of that semiannual testimony on economy and monetary policy. she appears before the senate at 10:00 a.m. eastern time. and lennar reports before the opening bell, fedex and adobe. >> you can get your economics from janet yellen. but landon dowdy joins us. >> the street is looking for earnings of $3.28 a share on revenue of $12.8 billion. beyond the numbers here are three things to watch. the t & t acquisition. investors want know when the deal would be equated to earnings. fedex has said in fiscal 2018. second, the risk, look for indication of broader macro
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weakness and rising fuel costs. however, the street expects it to be on the reasonable side. the stock is up 10%. the initiatives are considered to be positive. and represents half of fedex's revenue. ground and freight are moving on the wrong direction. brown says it makes up a third of sales. and guys looking for any competitive landscaping, any comments on that and amazon. >> absolutely. and transportation stocks a focus here. moving on to trending stories, details of donald trump's fec filing revealed that his campaign is nearly broke. let's talk about this. the trump campaign only raising $3.1 million in may compared to hillary clinton's $27 million raised. meanwhile of the $6.7 million his campaign spent in may about 20% of it went to trump-owned
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businesses for family members. trump is certainly a trending topic, especially on social media, sara. >> well, we got a little preview, firing a campaign manager. well, it is official, mark zuckerberg hasn't unfriended peter thiel. zuckerberg backing thiel, a partner when it comes to news and facebook. >> he's still got all the voting power. speaking of social media to the twitter and facebook question today, this morning, big voices on brexit debate sounding off. which do you put more weight on? nigel farage, michael gove, or
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now, to today's "must read" stories we've got good ones related to brexit. in "the guardian," writing that "the brexit crash will make all of you poorer -- are warned." i would expect the british pound to be bigger and more disruptive than 15% devaluation. >> to say the very least, the man who broke the bank of england, he's still known for that. >> but why i thought this was so -- everybody, even the leave camp doesn't defy the fact that it will fall. back in 1992, was helpful to the economy. bun, the bank of england can't do anything about it because
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they're already at zero rate. two, the bank cannot help. >> would you want to put more infrastructure in place and build more property and plants? >> and also the purchasing power of the citizens. >> now, let's take that argument and take it to the passionate side of things my morning "must read" is actually a facebook post by noted sex symbol and icon, david beckham. a soccer player, yes. he does make the case for remain, he wrote in a public posting of which he was 50 million likes on facebook, quote, we live in a vibrant and connected world where together as a people we are strong. for our children and their children, we should be facing the problems of the world together and not alone." he goes on to say for that reason, i'm voting to remain. he talks about as a rising young soccer star, a lot on that team, but also a danish goalkeeper, a
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frenchman, an irishman. he said everything is better. they won more games because they were a diverse team. that's his case for remain. >> and that may impact more people than talking about the risk of capital play. >> both of those ideas are valid. >> we are approaching the top of the hour that mean the team is getting ready for "squawk box." becky quick joins us in new york with a look at what's coming up. >> good morning, sara, dom. obviously, it's all brexit all the time that's what we're paying so much attention to. you guys were just talking about it. and it's something that we're gearing up for, too. we have a few experts, too, we'll be talking to wilbur goss, billionaire. he has a lostauost lot of invess and what he's doing to prepare for the vote. and also we're speaking with michael spence, a nobel laureate. he's going to talk about what
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the risks are if brexit happens what he thinks should be going down. aside from that, we're talking about yellen coming to the hill. dom, you were talking about that yesterday. it's been a big focus. yellen is coming to the hill. the first day of testimony and the house tomorrow. we've got senator bob corker on to talk about what they're talking about and some of the questions thrown yellen's way. finally, we've got larry king on. he's the dean of television over 25 years at cnn, he still has television shows, "larry king now." on hulu and tv, we're going to talk about him about this political debate because he's seen things like this the past. and also a new endeavor he's got, it's called sleep like a king, a new luxury line he has coming up. >> becky you always have good
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views. becky, joe and andrew on "squawk box" at the top of the hour. moving on the question of the day, the month, the year, like becky just said, should the uk stay or should it go? jeremy hunt, a conservative parliament member and david cameron is going to join us next. you're watching cnbc, first in business worldwide. febreze air effects heavy duty has up to... ...two times the odor-eliminating power to... ...remove odors you've done noseblind to [inhales] mmm. use febreze air effects, till it's fresh and try febreze small spaces... ...to continuously eliminate up to two times the odors... ...for 30 days febreze small spaces and air effects, two more ways... [inhale + exhale mnemonic] to breathe happy.
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with olay, you age less, so you can be ageless. olay. ageless. illuminates skin with pearl optics science. your concert style might show your age, your skin never will. with olay you age less, so you're ageless. olay. ageless. welcome back to "worldwide exchange." live in westminster outside the houses of parliament, just two days until britain votes. i'm joined now by the secretary of state for health, jeremy hunt. he's also a very close friend and colleague of the prime minister david cameron and is on the remain side as well. good morning to you. >> good morning, wilfred. >> jeremy, very good to be with you. now, there's been a huge swing in the polls in the last couple of days back towards your side, back towards remain.
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has remain benefited from campaigning in suspended, calling off the debate as it were? >> i don't know, it's very hard to tell and they'll know the answer to that. but certainly the polls do seem to show an increase in the worries about the economic risks of leaving the eu. we were slightly behind this time last week. i think we've now drawn level. and this is really now too close to call. it's a very british decision, but it has global ramifications, and i think british people now, in a way, we sort of have what they have in france, where there's a period just before the polls closed of quiet. and i think that's what's happened. this is such an important decision, i think that has begun to sink in. >> you touched on the global ramifications, politically, across the relevant of europe, do you think your colleagues are feeling the pressure? do you think this could lead to a collapse across europe?
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>> well, i think we can't take anything for granted. and the argument that i'm making with my constituency. the argument i'm making is that in the 42 years that britain has been a member of the european union we have seen an often paralleled increase in global peace and prosperity. this is where we see a number of countries become democracy, the 14 countries of eastern europe become anchored in to democratic traditions. and that hasn't happened by accident. it's happened because people have worked really hard to live together to establish democratic values. and eu is not the only reason that's happened. americans have been a fantastic force within that period. nato has been incredibly important. there's no doubt the eu has made a big difference. the question is whether we want to risk that extraordinary progress. >> now, your boss, david cameron, he's under pressure, of course, as the final days of the campaign as he faced criticism
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from people within his own party during the campaign. and dare i say it, jeremy, over the last couple of months, you felt some pressure, particularly, as well with issues in the house sector. with that in mind, and your close friendship with the prime minister? how are this feelings? is he hurting from the fighting within his own party? >> well i think he wouldn't be human if he wasn't disappointed but sometimes feels i think that this campaign has become much more personal than it needed to become. but this is a man who wants to lead from the front. he recognizes that this is actually a more important decision than the general election that we have a year ago, when the country chose to make him prime minister. he is, therefore, saying this is something i have to lead from the front. i have to go out there, i have to make the arguments. and that's what he's been doing. and he's been saying to people, look, this is about economic risk. but it's also about britain's role in the world. are we the kind of country when
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there are problems in europe as their undoubtedly are, do we turn our backs or help them out? >> covering it for cnbc, some people seem to say that britain couldn't survive, couldn't do okay outside of eu. he said the arguments isn't whether britain could survive. clearly it could. clearly the campaign message from mr. osborne has been the opposite. whichever view is true, him in november 2015 or him at the moment, you can understand why some politicians -- some voters are disappointed that it seems politics just say whatever suits them at the time they need to? >> no, not at all. because what he's saying is very straightforward. britain will survive. britain is one of the great countries in the world but will it thrive. at the moment, we have terror-free access to the largest single market in the world.
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5 million consumers. bigger even than the u.s. market. it's a huge important thing for the brush economy. back that we've been a member of the eu, it's increased by an even faster rate than the u.s. we're a great trading nation that's the heart of our success as a country. for centuries now, would we want to turn that away. because what of course no one disputes if we were to leave the eu, the deal we would get in trade would be higher tariffs. >> jeremy hunt, the secretary and close friend of david cameron. >> a great interview and a huge issue that transcends party lines. it doesn't matter. let's get a check of what's happening with the markets because they are on the move two days ahead of the brexit vote. the dow up by 7 points, nasdaq up by about 14.
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and the german dax, almost dead flat. same about the cac in france. up by 0.2%. and the ftse and italy and spain are up. and now to the results of our results here of twitter and facebook. our social media question of the day, this morning, big voices on the brexit sounding off here. it's a virtual coin toss on brexit to remain or stay. and farage and david beckham votes for the remain. farage with the case to macon 0 the politics. and the economy side of things. and soros, and david beckham, george soros, the man who broke the bank of england, when it comes to this, it mirrors the polls that we're seeing in the uk. it's going to be a heated debate up until thursday.
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good morning. new this morning, a high-profile brexit warning. legendary investor george soros says the vote could trigger one of the worst one-day currency collapses in history. he knows a lot about the british crown, too, remember? and the race for the white house. new numbers on presidential campaign fund-raising. donald trump falling far short of hillary clinton. plus, new poll numbers from some key battleground states. and the high profile video game deal. new reports saying the chinese company is buying the maker of the popular clash of clans game.
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it's tuesday, june 21st, 2016. already light here. it was light late last night. climate is changing. and "squawk box" begins right now. ♪ >> announcer: live from new york where business never sleeps, this is "squawk box." good morning, everybody. welcome to "squawk box" here on cnbc, on this first day after the summer solstice, thus, the light. i'm becky quick along with joe kernin and andrew ross sorkin. let's check out the u.s. equity futures at this hour, they are indicated higher. dow futures up by 52 points, s&p up by 6, nasdaq up by 12. yesterday, the dow was up by 130 points by the end of the day, s&p was up 12 points. let's take a look at what happened overnight in asia. the nikkei was up
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