little later for the morning news and "cbs this morning." captioning funded by cbs it's friday, june 24th, 2016. this is the "cbs morning news." breaking news -- prime minister david cameron says he's resigning. the shocking announcement came just hours after the united kingdom voted to leave the european union, sending shock waves through the global markets. also breaking overnight, wild weather across the u.s. in west virginia, intense flooding washes away homes and businesses. one burning house floats away in the flood. in california, flames have swallowed dozens of homes.

this morning, firefighter video takes us right to the danger zone. good morning from the studio 57 newsroom at cbs news headquarters in new york, i'm meg oliver in for anne-marie green. we start with breaking news. prime minister david cameron is stepping down amid the historic vote to leave the european union. cameron said the british people need new leadership. >> i will do everything i can as prime minister to steady the ship over the coming weeks and months, but i do not think it would be right for me to try to be the captain that steers our country to its next destination. this is not a decision i've taken lightly, but i do believe it's in the national interest to have a period of stability, and then the new leadership required. there is no need for a precise timetable today, but in my view, we should aim to have a new prime minister in place by the

start of the conservative party conference in october. >> the vote to leave the eu sent the british stock market plunging more than 7% within minutes of opening this morning. the vote was close. the 72% turnout was higher than last year's general election. mark phillips is in london. mark, huge developments this morning. let's start with the prime minister's resignation. how shocking was that? >> reporter: well, it's all been a shock. in fact, it's hard to overstate the consequences of this vote on so many levels. let's just list them. britain will leave the european union. immediately the pound has been falling like a rock. stocks are way down. and david cameron who, of course, led the campaign to stay in, is gone. this of a sign all through the night one by one as voting districts reported the shocks were coming. the polls had suggested a close race, even narrow victory to stay in the eu. once again, the polls were wrong.

the voters in scotland and london voted to stay in, others wanted out. then the cameron bombshell that he would go, that he did not feel he was the right person to lead what will be extremely complex negotiations as to what britain's continuing role with europe will be. the decision to leave the eu is already being felt here and around the world. the pound has plunged to a 30-year low against the dollar. stocks opened more than 5% down, particularly banks and house builders are just in a precipitous decline. the feared economic tailspin that the stay-in campaign had been warning about appears to be beginning. britain's been part of this 28-nation bloc since it joined 43 years ago. now it seems all bets, economic and political, all bets are off. >> what could the repercussions

be across the globe? >> reporter: we're seeing falls in the markets in the far east and europe. we'll see what happens on wall street. everybody predicted that it would be a great economic shock. in this globalized world, a butterfly flutters one place, it's felt somewhere else. this is one heck of a butterfly. there's a new trade deal to be negotiated here now. the political structure of the uk is in flux with cameron leaving. there calls for the leader of the main party here, the labor party and jeremy corbin, whose performance was questioned by many. there are calls for his departure. people will be lining up, jockeying for position to see who will replace one, maybe two of them. even on the political level, it's unstable. on the economic level, it's so

bad that the governor of the bank of england, mark carney, in an unprecedented move, went on tv a short time ago here to say that the bank -- take a deep breath, everything's okay, the economy is in a position to withstand the shock. the banks are funded and that kind of thing. the fact that he had to make that announcement indicates how nervous people are. >> could other countries follow suit? >> well, there are other movements. on the right are other countries in europe also dissatisfied with arrangements within the eu. they will take heart from this. one of the great fears growing into was that this could start a whole domino effect of other countries questioning their role in the eu, even in the big ones, even germany and even in france. there's no doubt that we'll be hearing more now and that the very future of the eu certainly without britain but even with what's left of it is in some doubt. >> huge, huge developments this morning.

mark phillips for us in london. thank you very much. before announcing his resignation, cameron assured the world the global markets are healthy. >> across the world, people have been watching the choice that britain has made. i would reassure those markets and investors that britain's economy is fundamentally strong. >> with more on the economic impact of the british vote, jill wagner joins us from wall street. jill, good morning. >> reporter: good morning, meg. at one point tonight, futures were pointing to a 700-point drop for the dow at the open today. oo e uk is one of our biggest

grading partners.r biggest lots of questions about how this will play out. analysts think it will take a couple of weeks for the markets to stabilize. >> a lot to follow. thank you. and we will have much more on the fallout from the british vote to leave the eu coming up on "cbs this morning." in this country, a wind-driven wildfire destroyed at least 80 homes in central california. the so-called erskin fire started near bakersfield. within four hours it's burned up to 5,000 acres and threatened a nearby hospital which had to be evacuated. homes were consumed by the flames. in some cases, all firefighters could do was watch. >> we've evacuated all of these homes. there are still some people who will have chosen not to

evacuate, but we've done our best. it's never good to see something like that. that's just one of at least 50 homes that have burned. sir? you live near here? do you live nearby? >> i live there. >> are you ready to evacuate? >> no. >> no? >> the house there -- [ inaudible ] >> sir? sir, get in my car. we're trying to evacuate as many people as possible. not everybody is prepared to leave. not everybody is going to leave. we're doing the best we can. >> that was a fire official taking us up close and personal to that fire. dangerous scene. there are no immediate reports of injury. in west virginia this morning, the issue is deadly flooding. the governor declared a state of emergency in 44 counties after

pounding rain swamped the state. there are flood warnings posted in central west virginia, and more rain is possible today. the swift water washed away buildings. some caught fire as they rode the high water. an 8-year-old boy walking in just a foot of water with his mother fell, was swept away, and drowned. another toddler playing in the water was reported missing. tens of thousands of homes are without power. some roads are inaccessible because they're deep under water. much more ahead here on the "cbs morning news." milk on cereal? why does your tummy go "grumbily, grumbily, grumbily"? no more questions for you! ooph, that milk in your cereal was messing with you, wasn't it? try lactaid, it's real milk, without that annoying lactose. good, right? mmm, yeah. lactaid. the milk that doesn't mess with you. i want my blood sugar i to stay in control.ck. so i asked about tresiba®. ♪ tresiba® ready ♪ tresiba® is a once-daily, long-acting insulin that lasts even longer than 24 hours.

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safer, and better off inside the european union. i made clear the referendum was about this and this alone. not the future of any single politician including myself. >> the vote to leave the eu was close -- 72% of eligible voters cast ballots. more than in last year's general election. britain had been a member of the eu for 43 years. presumptive republican presidential nominee donald trump is in scotland for a ribbon-cutting ceremony at turnberry golf course. trump landed this morning. he's been doing business in scotland for years. this is his second golf course on scotland's west coast. efforts to evict nearby residents and his to an offshore wind farm have been highly criticized. bernie sanders remains a candidate for the democratic nomination. sanders has recently admit it doesn't look like he'll be the

nominee. his campaign is talking to the clinton campaign. yesterday, he told supporters his campaign is just getting started. >> our goal from day one has been to transform this nation, and that is the fight we are going to continue. [ cheers ] >> sanders says one issue he wants to tackle at the convention is the vote of so-called superdelegates. and we'll talk with bernie sanders about the future of his campaign coming up on "cbs this morning." democrats say the fight for gun control isn't over. even after a high-drama sit-in on the house floor, house republicans say they won't give in on legislation demanded by democratic lawmakers. adam may reports. >> reporter: after roughly 26 hours of protesting, house democrats ended their staged sit-in on the floor. >> the american people are with us, and people around the world are with us. thank you very much. [ applause ] >> reporter: the group then

walked out on the front steps of the capitol and told supporters outside that even though they didn't win a vote on gun control legislation, the fight will go on. >> this is just one step. when we come back here on july 5th, we're going to continue to push, to pull -- >> that's right -- >> to stand up, and if necessary, to sit down. >> reporter: speaker of the house paul ryan says he never considered give information to the democrats' demands because he says this was nothing more than a stunt. >> if this is not a political stunt, then why are they trying to raise money off of this? they are sending out fund-raising solicitations like this one. >> reporter: in the senate, a bipartisan amendment that would prevent people on the fbi's terrorist watch list from buying guns cleared the first hurdle thursday. still, most republicans worry

innocent people on the list may not be able to buy guns. >> how many more constitutional rights are we willing to give up in response to islamic terror? >> reporter: the collins amendment needs 60 votes to eventually pass the senate. adam may for cbs news, capitol hill. the shorthanded supreme court handed down a pair of major rulings on immigration and affirmative action. paula reed looks at the impact of the decisions. what do we do? >> reporter: supporters of immigration reform protested outside the supreme court as the justices blocked president obama's immigration plan. the 4-4 ruling was split evenly between the court's conservatives and liberals. it leaves a lower court ruling in place blocking the president's plan to spare up to four million undocumented immigrants from deportation and giving them war permits. the tie was possible because there were only eight justices left on the bench after the death of justice scalia in february. the one-sentence ruling effectively kills the plan for the rest of the president's time in office. >> i think it is heartbreaking for the millions of immigrants who made their lives here, who

have raised families here, who hoped for the opportunity to work, pay taxes, serve in our military. >> reporter: the court also ruled in favor of affirmative action. the justices upheld the university of texas admissions program saying it complied with earlier rulings allowing colleges to take race to account in order to pursue diversity. the case was brought by abigail fisher, a white student from texas who was denied admission to the school in 2008. she claimed she was rejected while african-americans with lower test scores were admit. the court ruled in texas' favor 4-3 with the more conservative justices dissenting. >> the ruling was 4-3 because justice kagan recused herself. a baltimore judge has seen no evidence proving criminality by officers in the death of freddie gray. the judge yesterday cleared caesar goodson jr. of murder and manslaughter charges. he was the third of six officers accused in gray's death last year. the ruling dims prosecutors'

chances in the remaining three cases. here at home, orlando is taking another step in the healing process after the nightclub shootings. hundreds turned out yesterday for a party in a downtown park. it was organized by the owner of pulse to help the club's workers. >> i believe it's important to do events like this to show that pulse is still alive. i think it's good for our community. >> pulse employees had been out of work because the club has been closed since the attack. we'll be right back with much more on the "cbs morning news." uch more on the "cbs morning news." our bacteria family's been on this cushion for generations. i like to watch them clean, but they'll never get me on the mattress! new lysol max cover with 2x wider coverage kills bacteria on big, soft surfaces. discover a new way to lysol that. think fixing your windshield is a big hassle? not with safelite. this family needed their windshield replaced

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no, no, no, no, [music] people are both soft and strong... yey! which is why our products are too. angel soft. here's a look at today's forecast in some cities around the country. ♪ on the cbs "money watch," the brexit vote ripples through worl markets. jill wagner is at the new york stock exchange with that and more. good morning again, jill. >> reporter: good morning. the brexit vote sent global stock market into a nose-dive and the british pound to a 31-year low. the pound suffered one of the biggest one-day falls in history, dropping more than 10%. stock markets around the world have been plunging, dropping 8%, hong kong dropped 3%. u.s. stock futures are way down as are crude oil prices. on wall street yesterday,

investors had been expecting the vote to go the other way. stocks have been having some of their biggest gains. so far this week, u.s. stocks gained 2%. the dow jumped 230 points yesterday. the s&p gained 27. the nasdaq finished 76 points higher. obviously a very different story today, and we will all be watching closely as the opening bell rings. >> jill wagner for us at the new york stock exchange, thank you. much more ahead on the "cbs morning news." ♪

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,,,, here's a look at the forecast in some cities around the country. ♪ satisfied with his nba championship, lumberton says he will skip this summer's olympics.

he said he could use the rest. the cavs star is the latest and biggest nba star choosing to skip the games in rio. i'm meg oliver, this is the "cbs morning news." rio. i'm meg oliver, this is the "cbs morning news." why the fireman's pole? it's all about getting to the dunkin' quicker. man: i smell dunkin'. ♪ delicious dunkin' donuts coffee. pick some up where you buy groceries. try our k-cup pods today. america runs on dunkin'. if you have allergy congestion muddling through your morning is nothing new. introducing rhinocort® allergy spray from the makers of zyrtec®. powerful relief from nasal allergy symptoms, all day and all night. try new rhinocort® allergy spray. making their getaway in a prius. have outlasted authorities by this game ends now. ♪ to catch a prius, you've gotta be a prius. ♪ guys, what's that?

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the song "stairway to heaven" retains its iconic status. members of led zeppelin were cleared in a copyright case. chris martinez reports from the courthouse. ♪ >> reporter: these are the notes that were at the center of a court case against led zeppelin. the band was accused of stealing the rif that opens the 1971 song "stairway to heaven" from the 1968 song "taurus" by the band

spirit. ♪ the jury found that led zeppelin's singer, robert plant, and guitarist, jimmy page, may have been familiar with the song, but the chords were not similar enough to be considered infringement. both page and plant attended the week-long federal trial and took the stand to testify. their attorney said he's grateful to the jury and is glad the trial is behind them. [ applause ] >> nice job. protected the best song ever. >> reporter: the musicians had little reaction when the verdict was read in court. page and plant co-wrote the song. the plaintiff's attorney criticized decisions that barred some evidence including the version of "taurus." >> they never got to hear the " taur taurus" that randy page and jimmy plant heard. >> reporter: the sister of randy wolf, who passed away in 1997, also thought it was unfair. >> we couldn't play the song. >> we didn't get to compare apples to apples. >> reporter: page testified he did own a copy of spirit's album that contained the song but claimed "stairway to heaven" was original work. chris martinez, cbs news, los angeles. here's another look at the top stories -- britain's prime minister david cameron is

stepping down after the decision by british voters to leave the european union. >> and indeed that we could find a way. now the decision has been made to leave, we need to find the best way, and i will do everything i can to help. i love this country, and i feel honored to have served it. i will do everything i can in future to help this great country succeed. thank you very much. >> cameron says britain needs fresh leadership. britain is the first country to leave the eu. negotiations to cut ties could take years. the british stock market plunged 7% on the news. coming up after your local news on "cbs this morning," more on britain's decision to leave the european union, and david cameron's resignation. plus, we'll talk with a victim injured in the brussels terrorist attacks as he goes home. and comedian billy eichner joins us in the studio. that's the "cbs this morning" for this friday. thanks for watching. have a great day. billy eichner joins us in the studio. that's the "cbs this morning"

for this friday. thanks for watching. have a great day. ,,,,

good morning, everyone. it is our favorite day of the week, it's friday! [ applause ] >> june 24. >> whoo! >> a live look at the transamerica pyramid and look at that, the top of it is gone! >> it's been chopped off! there's a headline.

>> there it is. >> i'm michelle griego. >> i miss seeing you. >> i see you so rarely. >> and i see you, roberta, gianna, and some racoons i haven't seen in a long time! [ laughter ] >> we have great raccoon stories. [ laughter ] >> well, we start with weather or traffic at 4:30? >> we'll take it over this way. weren't you just here last night? >> um -- >> like hours ago? >> was i? no, julie did last night. good morning. rise and shine. this is what will greet you out the door on this friday the end of a long workweek. temperatures are mild, low clouds and fog. some marine layer and it's pushed onshore. it's extending ends further than recent morning a good 40 miles. temperatures later today, clouds, high 60s beaches. 60s, 70s at the rim of the bay, 80s at the peninsula and low 90s inland and hotter for the weekend. let's bring in "lady g" right now. >> i have a