stossel show. i look forward to that. libertarian politicians will get out of our way. that's our show for tonight. good night until next time and have a great weekend at home. we're doing very well all because of you. keep it here on fox business. here's lou. lou: good evening, everybody, i'm lou dobbs. britain's historic vote to leave the european union sending shockwaves around the globe. 52% of the british electorate defying the pollsters and the bookies and voting to leave the 28-member bloc. uncertainty in the exit apparent in global markets today. britain's ftse dropping 3%. france's cac dropping%. japan's nikkei average down 8% as well, the biggest loss since the 2008 financial crisis here at at at home on wall street,

dow industrials down more than 600 points, 8th largest point ever, biggest one-day loss since august of 2011 when the u.s. credit rating was cut. dow, s&p 500 now negative so far this year. the vote considered another humiliating loss for president obama who had directly intervened and urged the uk to remain part of the eu. donald trump on the other hand coming off as a political genius. the presumptive republican nominee in scotland at the time of the vote for business. as it turned out he was in the right place at precisely the right time and trump did take something of a victory lap, saying the same anti-establishment atmosphere that swept the uk is also sweeping america. >> i think people really see a big parallel. a lot of people are talking about that, not only united states but other countries. people want to take their country back. they want to have independence. you will have i think many other

cases where they want to take their borders back. they want to take their monetary back. they want to take a lot of things back. they want to have a country again. this will happen more and more. i really believe that. i think it is happening in the united states. lou: we'll take all of this up with former u.n. ambassador john bolton, former reagan white house political director, republican strategy ed rollins. a lot to talk about, including growing concerns about hillary clinton's honesty. the associated press scrubbed at least 75 meetings with political donors and lobbyists from her official calendar while secretary of state. bernie sanders saying for the first time he will vote for hillary but not endorse her. with friend like bernie, well, who needs enemies? our top story tonight the uk's surprise decision to leave the european union, mostly unexpected but it sent a clear message that the british people

favor sovereignty, strong borders and representation if they are to be taxed. fox news correspondent benjamin hall in london with our report. reporter: global stock markets suffered a massive one day plunge with reports of about 2 had trillion dollars lost in value with european stocks losing 7% in their worst day since 2008. and still the uk's biggest and hardest challenge lies ahead. now that it has sovereignty it must deal with the messy divorce from europe. to do that they must trigger article 50. that formally notifies their intention to withdraw from the eu and sets a two-year clock running. vast negotiating teams will be formed to go over every little detail. late in the night tensions rose as votes piled up for the leave campaign. as night rode on they dared to hope. >> we got our country back. reporter: the announcement at 7:00 a.m. followed by wild

celebrations an hour later by david cameron's sudden resignation. >> the british people made a very clear decision to take a different path. as such i think the country requires fresh leadership to take it in this direction. reporter: cameron's one-time ally turned rival boris johnson, is touted as his successor. he was mobbed outside of his house by a furious crowd before going on to thank voters. >> all of us politicians should thank the british people, in a way they have been doing our job for us. they hire us to deal with the hard questions, and this year, we gave them one of the biggest and toughest questions of all. reporter: many people in the uk are today reeling, including former prime minister tony blair. >> yes, i'm very sad. i'm very sad for our country and for, for europe, for the world actually because it has vast implication, economically and

politically, in terms of our security. reporter: one of the main concerns is further disintegration of the eu. a number of other countries also have anti-eu movements. france, spain, germany, hungary, sweden, italy, all have parties pushing for referendums. and will be watching closely to see how britain fares. not only other countries are watching closely. scotland and northern ireland voted to remain in. the minute sister at scotland said another referendum of scottish independence is back on the table. the united kingdom may not be united for much longer. lou. lou: thank you very much, benjamin hall reporting from london. donald trump said as president he will strengthen america's ties with a free and independent britain unlike president obama who said he would relegate them to the back of the line. joining us tonight heritage foundation chief economist, steve moore, also one of donald trump's economic advisors.

john browne euro pacific market strategist. former conservative. and former advisor to prime minister margaret thatcher. john, british are independent or soon to be on this vote. markets recoiling and filled with turmoil today. overreaction or much more to expect? >> no, i think today's reaction was very much to expect that after such a great change everyone was banking on the another decision we remain, particularly city of new york and financiers around the world, huge bets and huge bets of their company money on it. not private bets but business bets. when this turned around, bound to be reassessment and unwinding of some of the most unprofitable trades. when they have margin calls they have to sell even more.

you can't blame even today's situation on "brexit" alone. underlying the whole thing is the feeling that shares bonds are grossly overvalued thanks to qe and zir, zero interest rates. we're on cusp of international recession and credit crisis and -- lou: john, if i may, all of that was exigent before the markets broke overnight and this morning as we began trading on wall street. steve, do you expect this turmoil to continue for some time? or are we watching a very quick adjustment? >> boy, that is a tough one. by the way i was thinking about this lou, coming in to do this interview. you and i have been in this game a long time covering economics apfinances. i can't remember a 24 hour period, maybe when we had the stock market crash in 2008 when i have seen this kind of turmoil. we don't know what to expect over the next few weeks because this is unchartered territory.

i'm one of those people who was in favor of "brexit" but there are going to be huge adjustment costs there is no question about it and markets hate uncertainty and a lot of uncertainty ahead but i do think that there has been overreaction here, no question about it. i think people are still trying to digest it. but i think this idea of a 600 point fall in the dow, right now i look at some of the stocks i see a lost buying opportunities out there. lou: buying opportunities, i think we should say quickly at your peril. closest i can find is approximation and analog here for me at least is is october 1987. we did not see the next page so clearly. >> i remember that. lou: as we might have wished. didn't know what it would bring. and as things would have it, sorted out rather quickly. i'm sorry, go ahead, steve. >> can i make a point what you guys were talking about this --

i think this does reflect a kind of global unrest of the middle class, not just in britain. obviously you're seeing it here in the united states with trump. but in europe there are a there are a lot of questions whether global system working for the middle class. i agree there is fragile economy at best in europe and here and -- revolt. lou: there are lots of answers forthcoming now about whether or not the middle express is being represented. whether or not the middle class and those who aspire to it have reasonable expectation of better lives and for the first time in this country the answer is a resounding no. >> you're right. lou: john brown, you will get the last word here tonight. your thoughts what we can expect. a stronger uk? a weaker european union? >> oh, i think a stronger uk without a doubt.

i can hear churchhill and thatcher cheering from their graves bus margaret thatcher stripped away the shackles of socialism, freed us from oppressive tax and regulation and free enterprise and, enterprise exploded in britain. i mean i was there when she was doing some of this stuff in the house and i think that is going to happen. freedom will create great enterprise. as far as the european union is concerned i think there are two courses. one is progressive breakdown and the other is increasing cohesiveness and centralization. and it is anybody's guess as to which way the european union is going to go. lou: steve moore, your guess and then we have to go. >> they have to move away from socialism. they have the highest tax rates in the world. they have these obese welfare states. i just think they have to move away -- get into the 21st century and get, move to free enterprise. that is what britain did yesterday. we'll see if europe follows that model. lou: all right. steve moore, and john brown, thank you both.

>> thank you, lou. lou: we're coming right back. much more straight ahead. "brexit," oh, the decision is in but so much to learn. stay with us. we've got a great deal more to cover. donald trump is praising the uk for choosing independence. and trump today reassured the british, we are with them. >> president obama did say, i guess, that they should move to the back of the line. that wouldn't happen with me. ill uk has been such a great always be at the front of the line. lou: is it possible to be more presidential than the president? it is beginning to look that way. ed rollins with us next. and roll video. these drivers on this highway in for a surprise, one that pops up out of nowhere. we'll show you the video. you don't want to miss it and a you don't want to miss it and a lot more coming right up a

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lou: donald trump today slammed president obama for lobbying the united kingdom to stay in the european union. >> i mean he's constantly dictating to the world what they should do. the world dislisten to him obviously, you can see that by the vote but he is constantly dictating to other countries. certainly doesn't stop at waters

edge with him and you know, very importantly got it totally wrong. he is embarrassed. he is embarrassed by the supreme court decision yesterday which is real rebuke. that is something he shouldn't have done. it is not his country and not his part of the world. lou: another plus for donald trump. billionaire bond investor bill gross telling fox business's trish regan he will likely support trump in this election. >> would you support donald trump, bill? >> oh, yeah, if he calms down, if he testimony pers his enthusiasm i would support him. at the moment he appears be doing that the last few days. he has to show some stability and got to be an adult as a teenager a as opposed to teenager. >> can he do that? >> i think so. he has some points -- lou: bill gross has done a little toning it down himself over time.

joining me now former reagan white house political director, great america pac director, republican strategist, ed rollins. good to have you, ed. >> thank you, lou. lou: i was taken as he slammed the president, donald trump sounded calm. he was analytical. he was right on the front of the message. i could not imagine a better moment for donald trump than today. >> there wasn't and president deserves to be slammed. he had no business interfering in the british election. this is oldest democracy in the world, if you believe in democracies you let people vote. this was gigantic turnout, obviously by significant margin, 52-48, certainly margin obama got elected, not a close election, people decided they wanted to go a different direction. i applaud that. this gives trump opportunity to stay on structure. say the president was wrong on issue, big issue. that has got to be the flow of

conversation from here on out ought to be if you want four more years of obama, vote for hillary. if you want change just as britain will have change, you vote for me. lou: the change is very specific. i mean it is not, it's not a barack obama kind of change. donald trump has been, he has a message with great specificity when he talks about illegal immigration, talks about creating jobs and restoring prosperity for all americans, for strength in foreign policy and national defense. i mean the specificity of the man is, i think the greatest, certainly since reagan, perhaps even greater than reagan. >> he knows where he wants to take the country. he gets distracted and distracted by little sidebars and street fights with people are now gone. he needs to focus on hillary and obama. lou: which he is doing. >> which he is doing, yeah. lou: it is remarkable. how is it, because you are the political savant, tell us all,

how is it donald trump ends up in the united kingdom as the uk votes to do exactly what he called? how is it that he is always, at the forefront of every issue and issues are the ones that he establishes as the agenda, whether in the primary campaign or now? >> i think he reads the tea leaves very effectively. not about polls or any rest of it. he is out there with people. he sees the populism movement before anybody else did. none of the other 17 candidates or 16 candidates captured it. he clearly understood what he was doing. despite advisors saying he can't go, bad time too go. he wanted to be there at this point in time. i think certainly, he dominated the day domestically here which is very important. lou: strikes me as remarkable that the national liberal media continues its nonsense. here is a man who is established the national agenda for the past year, i'm talking about the national agenda, not just the presidential primary agenda.

he has again chosen the right side of history. the man is, is remarkable in that regard and then mainstream media wants to act if it is pure happenstance, pure luck. no other political figure i know of at this stage in presidential election has ever been here. >> the key thing here which he said on the speech last week, the economy, getting jobs, rebuilding the infrastructure, strong national defense. fighting terrorism, getting energy independent. what else is there? that is what the country desperately wants? they can argue any other elements of it. he clearly has understanding where he is going to take this country. that is a very positive thing. lou: the embrace that he offered, the british people today, could have been offered more warmly, more presidentially than he did and it couldn't have been more welcome at this moment. >> contrast to the president basically saying britain has to get to the back of the line. britain has been our strongest,

most consistent ally we basically always have to be with them whatever they do. lou: the rebuke, from the supreme court, the rebuke by the british people in this "brexit" election. the man, obama, is on the wrong side of history as he wraps up this phase of his presidency, the lame duck phase. ed rollins, great to talk with you. >> have a great weekend. lou: you too. be sure to vote in our poll. the question, do you believe the british vote demonstrates donald trump son the right side of history. we would like to hear from you on that. cast your vote on twitter @ lou dobbs. follow me on twitter @ lou dobbs. like me on facebook, links to everything lou dobbs dot-com. -- loudobbs.com. roll the video.

camper driving down michigan highway, developing a sunroof. whoa. top pops off. sheet metal goes flying. nobody hurt. good grief. that will slow down a vacation in a hurry. up next from laying out many problems with president obama and hillary clinton. >> he came in and really tried to convince people to stay. and i thought it was inappropriate and then she doubled down and she did the same thing. and obviously for the 219th time they were wrong. they're always wrong and that is the problem with them. >> lou: with them. the british exit. what it means with my commentary. much more straight ahead. it hasand happiness♪

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lou: a few thoughts on the uk voting to pull out of the european union and a prologue to what's happening here. two tectonics events the pun did or ruling donor class thought possible a year ago. now the british have made britain great again. what we witnessed is a true populist revolt despite obama and hillary clinton who strongly urged the british to stay in the union. the president even intruthing into the vote. the globalists are losing. this referendum wasn't just about being part of a 28-nation

federation. it was a referendum on sovereignty, self-determination, and resisting centralization of fourth and government structure. much like the french 22 years ago, they had a belly full of it and threw a revolution. the corporate masters for too long have had too much power and shared too little of the nation's wealth. our government no longer works for the american people. it con fills skates the money of its citizens. but the european union is measurably worse. in brussels 40,000 bureaucrats are devoted to writing rules and regulations controlling the lives of hair citizens. the faceless bureaucrats seizing

power from the british people. an estimated 50% of all the laws, rules and regulations in the united kingdom originate in brussels. the gnomes of brussels. the vote to leave the eu was about so many things gone wrong in the eu, the disconnect between the government, economies in shambles, jobs and livelihoods wrecked and often lost all together. about permissive policies on illegal immigration, the elite's acceptance of hundreds of thousands pouring across unchecked, unhindered. and the middle class was given no choice. it was also about reckless trade

deals destroying millions of middle class british jobs and the politician being out of touch with the people they are supposed to represent and to serve. imagine thal that, to serve. all these issues familiar to most mayor cast cans, and to one person who always seems to anticipate the big issues and the big moments. donald trump in scotland as the british voted to leave the european union. >> i see a parallel between what's happening in the united states and what's happening here. people want borders. they don't want people pouring into their country that they don't know who they are. lou: trump did not say but was clearly suggesting fell david cameron who insulted trump and has lost not only an election but soon his leadership and post.

trump offered a restrained and reserved comment of with too bad." pour quotation of the evening from molly ivans on populism. she says the simple premise markets need to be restained by -- restrained by a society and not a political system. i might add, people who have read american history. that's who we are, at least in part. donald trump working hard to take back america from corrupt political elites. and where was donald trump when the uk voted on brexit. well, of course he was in the uk. >> what i like is i love to see people take their country back. that's what's happening in the united states. lou: trump called the historical

referendum vote and so did our next guest former united nations ambassador john bolton. a rocket is set to blast off over cape canaveral.x÷x÷

lou: donald trump says fears of open borders, uncontrolled illegal immigration throughout

much of europe led to last night's historic decision for the uk to exit the eu. >> you are take your country back, you are going to let people you want into your country, and people you don't want or people you don't think will be appropriate or good for your country, you won't have to take. europe like the united states has made tremendous mistakes over the last period of time. lou: joining us next, john bolton, fobs news contributor from london tonight. last night in london, i want to give you credit, you analyzed and dwiend the outcome of that vote before anyone else. you said right on this broadcast last evening, that the leaves would have it. and you were exactly right. congratulations on a great, great analysis and call. >> thanks. it's a great result for britain and the united states.

and i think ultimately for europe as well. we'll go through some but's in the road. but self-government turn out to be a good thing. that's fundamentally what the british people voted for yesterday. lou: i'm a little taken aback by a person who has covered markets and the economy. i'm taken aback that's people don't realize in the liberal national media, don't credit the fact that politics and economics and stepped aside just a bit for the true intent of citizens expressing themselves in a democracy in the uk. i find it thrilling. i find it a moment that should inspire he american. every person who is in a precountry anywhere in the world. >> it is inspiring.

this is where and people get to say to the so-called expert, if you ignore me you will suffer the consequences. these financial losses we have seen on markets around the world with that's not caused by brexit. it's caused by the theology that he can clouds any possibility that people could be unhappy with the direction of the european union. i think that bubble has been popped. but we'll see if the financial market adjust to it. here in the united kingdom, this is a huge opportunity freed from the morass and the swamp. i don't think there is an economic downside. there is a huge upside for the united states as well. lou: representation is diluted to the point it's insignificant if it isn't proximate to power. that relationship is lost in the

the -- the faceless bureaucrats, the gnomes of brussels as i call them. this vote against the european union and membership in it by a number of countries, wouldn't you think? >> this is the most important event since the fall of the berlin wall in europe. sweden, denmark, the netherlands, france, perhaps italy. poland, people are saying what the brits have done is a path for you as well. here in britain, it's important to understand who did vote in favor of leave. it was the middle class, the conservative party and uk independence party people who voted for it. but it was also the blue collar trade union people. one-third of the blue collar working class that normally

votes for labor, voted for brexit. that's a huge repudiation of the political establishment of both parties. that's why david cameron resigned and jeremy corbyn the labour party leader is in trouble. it is a signal in the united states. they expect to run the government and they don't expect he athletes in new york, london, brussels, to run it for them. lou: is it your thought that donald trump will be able to enable, energize these folks, our middle class working men and family to get them out to vote in up numbers as to win the election in november? >> i think that's what got hip the republican party nomination against 1 candidates on a few of whom saw the insight he had.

you can guarantee that hillary clinton is just as blind today as she was yesterday. she hasn't learned a lesson coming from this brexit vote. so the opportunity is there for donald trump in scotland. i watched his statement. it was right on target. it was gracious, entered david cameron. he said the united states will stand with its ally great britain. it was a very presidential statement. lou: presidential to the point that it overwhelmed the comments of president obama and hillary clinton. ambassador, a great call. great to see you, and get home soon. john bolton from london. be sure to vote in our poll. do you believe the british vote demonstrates donald trump is on the right side of history? america's premiere rocket is back. roll the video. there it is.

the unmanned atlas 5 blasting off from cape canaveral launching a communications satellite into orbit. united launch alliance hopes to use atlas 5 rockets to take astronauts to the international space station within the next couple years. my goodness, we'll have to hitch ride with the russians until then. up next, donald trump won't be putting up with that hitching rides with the russians stuff. he's ramping up his attacks against the obama administration, it's failures, and one hillary clinton who apparently he thinks wants a third term, obama-like. >> i think she has done nothing well. and certainly the president has done very little well. you look at the iran deal. look at the world today.

the middle east is a mess. what's happened over there. >> trump's spokesperson, katrina pierson is with us next. stay with us. stay with us. we are coming right back. sfx: road noise sfx: tires screeching sfx: horn honking father: you pull in front of me! daughter: daddy! we don't say words like that! ♪just let your love flow ♪like a mountain stream ♪and let your love grow ♪wi the smallest of dreams ♪then let your love show ♪and you'll know what i mean

lou: more troubling developments for the hillary clinton gaps discovered in her state department calendar. an associated report reveals 75 meeting with political donors, major wall street and business leaders and lobbyists were not record and all identifying information was removed. donald trump addressed her troubling ties to wall street talking with sean hannity. >> she compromised. she made a fortune with this stuff. and what's the purpose of it? what are people getting for it? you look at it, and there is something very strange. the whole thing is very strange. frankly, she is very strange. lou: joining us tonight, the trump nationalampaign spokeswoman. what is going on with clinton's

calendar and why are these things coming out only now? >> well, there has been an attempt to suppress a lot of this information, but we are in the surprised. you mentioned donors and corporate interest meetings with mrs. clinton. mr. trump even talked about the fact that she is compromised. and we have launched a website at lyin'crookedhillary.com. there is no reason she and her husband would receive $140 million for giving speeches with the return of a uranium mine to russia, for example. this is absurd. mr. trump is right. this woman is not qualified to be president of the united states because they are actions have put this country at risk.

lou: donald trump is in exactly the right place on the right time on brexit that he put himself on the right side of history in calling the direction of the vote. how in the world is he doing it? >> it's basic instinct. one of the things mr. trump has said, it's just common sense. we are talking about a country who had the curvature of its produce and fruits regulated. that's absurd. here in our country we have bureaucrats telling us what we can and can't eat and where we can and cannot go. now with hillary clinton's support through the global bangs, they want to cap wages. it's hard working people all over the world. at the ends of the way you can only ask the taxpayer to have

the burden of everyone else to their own detriment for only so long. they are waking up and saying nor no more e hour * we are stil d saying no more. lou: we are hearing speaker ryan making remarks that are not helpful to in trump. it's like he's on a unique and different path than the rest of the party and donald trump. what is going to be -- is there anything that can bring him in to support donald trump? do you feel the party is united going into cleveland? >> i think the people are united going into cleveland. there are some things mr. trump is not going to compromise. and one of those things is going strong on the borders, an does not want the trans-pacific partnership, something paul ryan pushed for. however, i will say moving forward there are more and more

people who are acknowledging, we have a serious problem with the elites. the primary is over. the trump campaign is moving forward, and he will take his message to the american public. lou: up next, donald trump says in the long-run britain's decision to leave the european union will be good for them and for us. >> my opinion is what happened should have happened. i think they will end up being stronger for it and they will control their country. lou: fred barnes and lee carter join me next. stay hmm. [cell phone beeps] hey! [police whistle blows] [horns honking] woman: hey!

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lou: our poll, last night before the votes began to be counted in the uk, 89% of you on this broadcast said to our online question that you believed the uk should leave the european union. that's close enough to 9 out of 10, and way to go. as usual this audience is way ahead of the entire globe. joining us, the executive editor for the weekly standard *, fred barnes and lee carter. fred, there are a lot of people in your city who have to be

restive because they found out citizens can actually, well, influence events and outcomes. >> and they certainly did, and it's uncanny that constituency in england for getting out of the european union is similar to the con cit -- to the constituef donald trump. it's people who don't live in the big city. the middle class and older people it's the same as donald trump. lou: do you agree with that, lee? >> i do. the concerns of the british people are similar to the concerns here. things like the economy and things like borders and immigration. all of these things are important. and they are core messages of why people thought they should leave. lou: as donald trump said the

other day, jobs, jobs, jobs. george h.w. bush was saying the same thing in 1992. the system has betrayed the middle class and those who aspire to it. it seems donald trump has found his tone, his voice and his approach, and you you would agree it's compelling the way in which he's presenting himself and his message this week. >> indeed. he started with a strong speech tuesday attacking hillary, among other things. but he was extremely good this morning. about 6:30 in the morning, and there was donald trump in scotland. he was-month-old modest and good natured. he wasn't claiming he was the guy who caused brexit to be passed.

in great contrast to barack obama who was haughty and threatening the british, that they would be in trouble and they would go to the back of the trade line if brexit passed. and trump wisely said, they will be at the front of the line in a trump presidency. >> one of the things i think is so compelling today. the voice of the people. we have to listen to the voice of the people and accept that. so many people are saying, you are seeing those comments, people saying should we allow 9 decisions made by the common people. lou: the common people. >> i have seen it all over the social media. but here he is, and he's out there talking about fighting for every man. lou: you know, this is a guy as president, he's suggesting to us through his language now, he will use the first person plural

instead of the obama insistence upon the first bern singular. i, me, mine. 100 times in one state of the union address. donald trump is talking about our, us, we, the people. and it is so i think engage. it ads so much to his message. >> what's fascinating about obama, when he ran for president, he said we all the time. we used to compare him to hillary when they ran against each other, she said "i" and he said "we." lou: i love the way he turned in that speech instead of i'm with her, he said, trump said he is with the people. that's refreshing to hear.

>> if he has some more weeks like this one, i think the polls will start to move. lou: fred barnes, thank you for being with us. . >> thank you so much! >> she's the democratic nominee. probably our next president. so what will president hillary clinton do? >> hillary clinton is going to make america great again. >> her fans love her. >> she's very well qualified and she has experience in getting things done. john: getting what done, exactly? >> what different that the point does it make? john: she's eager to go to war. >> we came, we saw, we died. john: she's eager to spend money on other people. >> get the costs of child care down. john: very interested in making money for heie