apparent as soon as the markets opened here in the united states, roughly 90 minutes ago. the stock markets plunged. all key indices are down. investors are taking huge hits. if you have a 401(k) or another account tied to the markets, that likely includes you as well. right now the dow down roughly 400 points, 417. it had been down more than 500. the nasdaq down just over 100, the s&p 500 down about 50. the fallout in britain was immediate. prime minister david cameron announcing that he will be stepping down by october. >> i was absolutely clear about my belief that britain is stronger, safer and better off inside the european union. 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.

>> meanwhile, leaders of the if the effort to leave the eu cheered the decision by british voters. >> the sun has risen on an independent united kingdom. i hope this is the first step towards a europe of sovereign nation states trading together, neighbors together, friends together, but without flags, anthems or useless old unelected presiden presidents. >> this morning president obama reacted saying in part the people of the united kingdom have spoken and we respect their decision. the united kingdom and european union will remain indispensable partners of the united states even as they begin negotiating their ongoing relationship to ensure continued stability, security and prosperity for europe, great britain and northern ireland and the world. we've got it all covered on this friday morning with our correspondents stationed around the world, with our experts as well. we start with msnbc business

correspondent olivia sterns live on the floor of the new york stock exchange. let's start with the markets right now, olivia. where are we? >> reporter: we are off by about 430 points, craig, which is a drop of 2.4%. it could have been worse. we started off down as low as 534 points. there is a little bit of relief here, believe it or not, on wall street that this could have been worse because it was carnage overnight. a lot of traders actually up all night watching the market in europe sell off anywhere between 5% and 10%. look what happened to the pound. the pound falling now to its lowest level since 1985. there actually is carnage in the global currency market, so traders have been bracing for this and really nobody did in fact expect to see it coming. the question is what happens now. perhaps markets getting a little bit of heart from comments from janet yellen. in fact we've heard from many central bankers saying that if bringt does vote to leave the

european union, they would be willing to provide a little more support to prevent financial instability. but if there is this uncertainty now, janet yellen is a lot more likely to keep interest rates lower for longer. >> and that would mean that folks who have mortgages that are tied to these interest rates might not see their mortgages go up. what would that also mean for folks who have money parked in some of these interest-bearing savings accounts? >> reporter: yes, exactly. if you have a mortgage, your payment is very unlikely to -- is likely to remain lower for longer. that's good news. rates are so low, you might want to consider refinancing. i was just talking to jim cramer, he just refinanced one of his homes. the ten-year yield is the lowest level since 2012. that is unusual. that is not what was supposed to happen this year. interest rates were supposed to go up this year. if you are one of half of americans who has money in a

401(k), you're likely to see several thousand dollars of value wiped away today so it could be worth calling your financial advisor, trying to figure out what kind of exposure, if any, you have to european equities, to big u.s. multi nationals who do a lot of business and try to minimize your exposure to european equities. one thing you do hear from traders is this is not over for europe. they're expecting there to be a lid on equities for the summer because of all the political uncertainty this is inviting in europe and consequently the economic uncertainty that brings. >> how long do we expect that all of this uncertainty could go on? are we talking days, are we talking weeks here? >> reporter: so as you know, this process now triggers a messy two-year at minimum divorce process. nobody knows really how long that is going to last. one of the funny things i did hear down here right now is because of the uncertainty this means for equity markets,

perhaps with interest rates this low, you might be better off putting your money in a new house than in the stock market. >> olivia sterns, we will be back in a bit. i want to bring in matt bradley who joins us live from outside the prime minister's residence in london, 10 downing street. matt, a lot of folks are quite surprised, some flat-out stunned. but polls show that this vote was going to be very close. every poll that we looked at over the past week or so. why then the shock? >> well, craig, it's not that clear cut. just a couple of days ago the poll numbers seemed to be shifting in favor of the remain camp. so while there was that leave element last week, just recently the polls were showing remain just a slight bit ahead. some of the booking agencies here, one of the major ones, they were putting the smart money, the betters money on the remain camp. >> what were the issues for

british voters? >> reporter: well, craig, you could say that the issues were immigration, immigration and immigration. a lot of these voters were really appalled -- remember, this referendum was announced before the refugee crisis of last summer and before a lot of the terrorist attacks in europe over the past two years. so a lot of people were really frightened boy what they saw as european union rules telling them to accept refugees and immigrants from europe and further afield. but it's not just that. it's also questions of national sovereignty. people were upset by the bureaucracy and they felt like they were getting infringed upon by rules that were written offshore, in brussels by bureaucrats who weren't elected. >> why does tony blair have to go now? why couldn't he stick this thing out? excuse me, david cameron, my apologies. >> reporter: david cameron, as you said, he staked his political fortune, his political career on this moment. this was his baby. and so he was just here just a couple of hours ago standing out here and he tearfully said

good-bye. this was his make or break moment. he could not -- as he said, he could not helm this ship any further after this. it seems almost unlikely that he may be able to stay the next three months, it's going to be that difficult for him to hold on, because british politics has become so unwieldy and so unpredictable in the wake of this really unprecedented decision. >> with cameron out, who then becomes the prime minister next? >> reporter: that's really the big question, because there's a lot of sharks who are really swirling around in this very turbulent political water. but let me throw out two names for you. boris johnson, who just until a couple of months ago was the mayor of this city, of london. he's the shaggy-haired blond big life -- bigger than life spokesperson for the leave movement. he's been really at the forefront of this. he was the one along with some others who tapped into this vein

of anger against europe. and then also the head of the uk independent party, nigel -- uk independence party, nigel forage, he has been outspoken and has presented a very muscular voice against europe. these two are the people you should watch. of course there are a lot of other characters involved here. they all -- the brexit camp, they really stand to inherit this government. >> matt bradley outside david cameron's home, at least his home for the next few months there in london. matt, thank you. one of the other worries about the british exit from the european union, what it could mean for the european union. the uk is a key source of intelligence on all of europe and has one of the three largest militaries in europe as well. ayman mohyeldin is covering that angle for us. we rely on britain for a great deal of things when it comes to security. what might the impact be short term and long term because of

the brexit? >> in the short term not much is going to change. this is going to be a process that unfolds over the course of the next two years. so as these negotiations take place to separate the united kingdom from the rest of europe, that's where it's going to start to get a little bit tricky. you talk about some of the intereuropean agencies, things that work in terms of broadening the intelligence sharing, the cooperation, the transfer of information, if you will, between a lot of these european security agencies. that's going to come to an end as the united kingdom separates from the european union. they're going to have to start negotiating new agreements, new treaties that will allow this intelligence sharing to take place. so there's going to be a setback in terms of counterterrorism, intelligence sharing. the big picture issue, not just the counterterrorism stuff but let's say wars and national security is going to be impacted. the united kingdom is still part of nato. nato is the cornerstone of u.s.

security at large when it comes to things like russia. but what has emerged in recent years is the counterterrorism threat. the threat of terrorism as a result of wars taking place in the middle east. obviously the issues with immigration, what we saw in brussels and paris. that is the most imminent threat in europe and you're going to see a major setback as the united kingdom divorces itself from the rest of europe and all these agencies that they have built together over the last 40 years. >> this also leaves germany, it would seem, it would leave germany with outside influence inside the european union. how might that manifest itself? there's no doubt the two pillars of the european union will be germany and france. it used to be the united kingdom along with germany, but obviously now germany will have much more influence in shaping issues not only economically but also shaping issues of national security and foreign policy in the european union. foreign policy has always been a soft spot for the 27-member countries that can't necessarily

agree on a lot of issues when it comes to dealing with the rest of the world, but economically now germany is in the driver's seat and it's going to be able to dictate with a little bit more authority a lot of its policies across the european union at large, particular issues with greece, struggling economies in italy need a lot of rescue and a lot of help. that's something germany will have a lot more influence in. so you're going to see germany exert its influence and have a larger say in the european affairs than with the presence of the united kingdom there. >> ayman, thank you. let's turn now to irs pa. correspondent author, christopher dickey, world news editor for "the daily beast." thanks for sticking around for me. how did this vote -- i don't know how much information we have, but at this point what do we know about how this vote broke down demographically? >> reporter: well, i mean you can look at a map actually and get a pretty good general idea

of how things broke down. the people who put this proposition through, who decided to get out of europe, were essentially in the shires outside, the small cities, the small towns, outside of london. in london, the heart of the economic life of great britain, the vote was massively for staying in the european union. in scotland, it was to stay in the european union. in northern ireland, it was to stay in the european union. but the vast majority of the population of great britain is english. and english in the shires, as they say, they voted to get the hell out. >> young versus old. >> reporter: well, one of the things that surprised people looking at the demographics of this is that they expected the old english voters to be very conservative and to tend to go for the policy of leaving the european union. but a lot of young english

people decided they wanted to leave the european union too. a lot of it has to do with, as earlier commentators said, the fear that was driving this. the idea that terrorism, immigration, migrants, all of that was somehow threatening the british way of life and threatening the possibilities of getting jobs for young people, even though there was very little proof of that. it's all about build walls to try and keep the status quo and say we can improve things if we can keep the status quo and keep our, as they say, independence. >> it sounds like some old-fashioned xenophobia. what does this mean for where you are? what does this mean for the people of france? >> reporter: well, it's been a big boost for the far right here, here in france, in the netherlands, for the far right parties that have been on the rise all over europe partly, largely because of the sense of crisis that surrounds the

migrants who are coming in from north africa and the middle east. all of this plays right into their hands. already today shall it was no surprise, marin la pen says we need a referendum in france. we need to assert our independence. again, we need to build at least figurative walls. we need to close our borders, get back our own currency, get back our own independence as a nation. in fact there's a sense throughout europe right now on the right wing that this is the beginning of a movement to reassert nationalism at all levels. if that's true, it could be very dangerous. we saw where that took us in world war i, we saw where it took us in world war ii, we saw the 70 years that it's taken to build a european union and now it all is going to hell or at least that's the day it looks today, the day of the brexit vote -- the day after the brexit vote. >> really quickly, christopher, do we think that this is going to be an anomaly or do you think

this is merely the first domino to fall inside the european union? is this the beginning of the endin end, as you just said? >> a lot of people are saying it is the beginning of the ending. i think that's probably a little too extreme. the president of the european council said this is a threat to western civilization. is it? i'm not sure of that. but we're going to face years of negotiations before we really know how this will turn out. >> christopher dickey with "the daily beast." thank you as always, appreciate your insight. after expressing support for the referendum, from scotland today donald trump praising the results. >> i think that it's a great thing and we will see. but i think it's going to be a great thing. basically, basically they took back their country. >> more of what our first read team says was trump's surreal victory lap. we'll look at that. also a state of emergency has been declared in west virginia after a round of deadly

flooding. several homes washed off their foundations, including the one you see right here. a house floating down a creek while engulfed in flames. a live report from one of the hardest-hit areas. we also continue to keep a very close eye on the markets here and around the world as well. as investors react to that stunning vote to leave the european union. what are you doing? getting faster. huh? detecting threats faster, responding faster, recovering faster. when your security's built in not just bolted on, and you protect the data and not just the perimeter, you get faster. wow, speed kills. systems open to all, but closed to intruders. trusted by 8 of 10 of the world's largest banks. jen stops working, but her aleve doesn't. hey mom! because aleve can last 4 hours longer

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the work that we do helps us protect it. public education is definitely a big part of our job, to teach our customers about the best type of trees to plant around the power lines. we want to keep the power on for our customers. we want to keep our community safe. this is our community, this is where we live. we need to make sure that we have a beautiful place for our children to live. together, we're building a better california. breaking news, the markets continue to react to the united kingdom's decision to leave the european union. you can see there the dow down 455 points right now roughly. at one point it was down about 500 points following the opening bell. hillary clinton weighing in on the brexit vote saying she wants to, quote, make sure the

economic uncertainty created by these events does not hurt working american families. this time of uncertainty only underscores the need for calm, steady, experienced leadership in the white house to protect americans' pocketbooks and livelihoods. meanwhile donald trump praising the vote, saying he loves to see people taking their country back. during a news conference at his turnberry golf course in scotland, he also suggested president obama could be to blame for the way people voted there, compared it to the political climate here at home and even said the plummeting value of the pound could be a good thing. >> if the pound goes down, they're going to do more business. you know, when the pound goes down, more people are coming to turnberry, frankly. and the pound has gone down and let's see what the impact of that has. but i think places like scotland and england and different places in great britain, i think you're going to see a lot of activity. the pound got high and people weren't able to do maybe what they wanted to do, but for

traveling and for other things, you know, i think it could very well turn out to be a positive. >> nbc's katy tur is traveling with trump right now and she joins me from turnberry, scotland. katy, to be enclosure, this is not a campaign trip, he's not meeting with leaders of foreign governments, this is a business trip. has it also turned into something else there in scotland? >> well, it's been a business trip, it's been planned. he always knew he was going to be here for the brexit vote and this turned into something much larger. donald trump on the world stage having to react in almost realtime to what was going on around him. and we saw the markets start to go down both abroad and at home. increased fears about a global recession. at that time donald trump was holding a press conference, starting that press conference touting how great his property is here in turnberry. the resort and the golf course

itself, spending ten minutes on that, craig, before being asked, allowing questions to be asked and reporters asking him about brexit. now, he said it was a good idea. as you said, the pound, if it devalues, that's great for my business here in scotland. the problem with that rhetoric and that sort of comment is that it's not necessarily something that britaons here in this country will appreciate when they go and look at their bank accounts and see they might be having a harder time getting a job, getting a loan, as this -- the fallout from this decision starts to reverberate. also what americans might have to deal with from this decision. many having 401(k)s in banks that have european exposure, which could be an issue for what goes on in their own retirement accounts. donald trump not necessarily weighing in on that today. but this whole vote, though, is something of an endorsement. we're seeing it that way at

least for his campaign rhetoric. take a listen to his answer when i asked him about that. >> i think it does show something about the people wanting their country back, and i can tell you in the united states, the people wanting their country back. in the united states, people want smart decisions, not dumb decisions. and we've been given dumb decisions for many years and the people are tired of it. and i have a feeling the same thing has happened over here. >> reporter: donald trump seeing parallels with this vote and what's going on in the american economy right now, specifically when it comes to immigration. many people here worried about immigrants coming and taking jobs. also worried about refugees and who might be among those refugees. the same concerns that donald trump has been hitting on the campaign trail over and over again in the united states. the great irony of this all, craig, is that he was praising brexit here in scotland, and scotland is one of the few places that voted overwhelmingly to stay in the european union.

>> katy tur traveling with donald trump there in scotland. katy, thank you. back here, crews still searching for a toddler swept away in the floodwaters ravaging parts of west virginia. this as more storms are expected to hit that area. we'll update you on the search for that toddler. we are also keeping a very close eye on the markets here. as investors monitor the fallout from that historic vote to leave the european union, the financial impact it could have on millions of jobs.

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let's get back to london right now for the very latest on what's happening on the ground there. i'm joined now by our chief global correspondent, bill neely. bill, people still seem to be reeling there. there was a young woman that we talked to on the streets. she told one of our local affiliates there that her entire family regrets their vote to leave. this is what she said. >> i would go back to the polling station and vote to stay simply because this morning the reality is actually hitting in and the regrets are filling in actually that we have actually left eu. very disappointed. the whole family this morning, even though the majority of us voted to leave, we are actually regretting it today. >> bill, is that the sense you're getting on the ground today? is there a lot of buyer's remorse? >> reporter: no. i mean i would say to be honest, both camps were fairly clear in what they believed. but what you just heard was a

protest vote and there were a lot of those. people, you know, who were fed up as the leave campaign said with the elites telling them what to do. one of the leaders of the leave campaign said that british people are fed up with experts, because they were constantly being told by experts that if britain left the european union, basically the economic sky would fall down, so a lot of people did angrily lash out against this. part of this vote was anti-establishment, a cry of pain in some respects from those people for whom globalization has not been very good and who have really suffered over the last seven or eight years of recession and austerity here in the uk, and it's an austerity that has been imposed by the conservative government so a lot of people just thought we'll show them. we'll vote against whatever it is that they want. but i think that the vast majority of people here are

simply absorbing the shock. the shock for the remain campaign that britain is the first country to leave the european union, which is a huge earthquake. and the leave campaign, absorbing the shock that they have actually won. one of their leaders at the beginning of the evening was almost conceding defeat. and within maybe 30, 40 minutes of that, it became clear that his campaign looked like it was on the way to an extraordinary win. craig. >> bill, how messy is this breakup going to be? >> reporter: like any divorce -- well, not like every divorce, but like many divorces, it will be messy. there will be a period of two years in which formal negotiations can take place to separate britain from the european union. one of the european leaders said today basically we need to fast track that. we need to get started

immediately because of the uncertainty. but it's not going to be easy to untangle 50 trade deals, to untangle things about passports and border controls, standards that cover everything from education to food. this is not an easy process. it won't take two years, it will take a lot longer than that. and we may see the economic hit for a lot longer, not just today or months, but maybe years to come, craig. >> nbc news chief global correspondent bill neely there for us in london. bill, thanks as always. let's get to some breaking news here in the united states. severe weather has prompted a state of emergency across west virginia. at least four people are dead so far as a result of massive flooding there. this is the scene yesterday in richmond, west virginia. according to the governor's office, and we're now hearing reports that a child was swept away in floodwaters there. one of the dramatic pictures that we're seeing this morning is of this house on fire being

carried away by the floodwaters there. crews working to rescue some nearly 500 people who are apparently stranded inside a strip mall in west virginia. this happened after a huge chunk of the road leading to that mall was swept away. this picture shows just how much of a challenge this is posing for rescue crews there. nbc's morgan radford is in white sulphur springs, west virginia. morgan, how are rescue crews faring so far? >> reporter: craig, you can probably see the skies have completely opened up here. it's been raining hard on and off all day. there have been a lot of ambulance vehicles. you can see the rescue crews right behind me, but you can also see the damage, craig. this is a power line completely snapped in half. you can see the lines here almost touching the water and there's an entire chunk of road that is now in that water. water that is moving very swiftly. this is the same floodwater that has claimed now four lives, one of whom was an 8-year-old boy,

craig. he was playing in water that was only a foot high but it's moving so quickly, as you can see here. even though his parents could see him, he was swept away. police were able to locate his body later and they found out he was pronounced dead at the hospital. there's a toddler who's currently missing. people have not only lost their family, craig, but they have lost their homes. a man just a mile up the road said he came here because he was coming home and he realized there was no home left. i was with him when he saw this water and he identified buildings from his house. his bike. he was literally plucking them out of the river here. we know that 500 people are still trapped inside of a shopping mall. this water and this 8 inches of rain that fell in just a few short hours yesterday proved too much for the one bridge that was leading to that shopping mall. it simply collapsed. so people have been stuck inside trying to bide their time. they have been making some postings on social media trying to reach out and frankly keep

themselves busy as authorities figure out just how to get to them. so authorities are considering that they may create a temporary bridge to reach those people inside, craig. >> any word on when that rain is going to let up there? >> we're not sure. the storm system appears to be moving towards tennessee, but this flooding is expected to continue tonight and into the weekend. >> morgan radford for us there in white sulphur springs, west virginia. we continue to follow the action of brintain's historic vote to leave the european union. what this could mean for the future of the european union and the united kingdom as well. ♪ you should hire stacy drew. ♪ ♪ she wants to change the world with you. ♪ ♪ she can program jet engines to talk and such. ♪ ♪ her biggest weakness is she cares too much. ♪ thank you. my friend really wants a job at ge. mine too. ♪ i'm a wise elf from a far off shire. ♪ and sanjay patel is who you should hire. ♪

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here's a look at the board right now. markets down 2.5% roughly. the dow at about 460. i can also tell you the s&p and nasdaq are also down at this point. at one point shortly after the market opened, it was down 500 points. we have seen the markets climb back just a bit.

for more now, for the european view on the future of the european union, i want to brick in laura hain. laura, thank you for joining us. always appreciate your insight. let's take a step back and look at this thing, as we can, from 10,000 feet. is there perhaps a plus side to any of this? is there one kernel of positive news? >> no, not for the french. what is interesting, when i spoke with some french people a few minutes ago, everybody in france is in complete shock. president francois hollande said this is a very difficult day. angela merkel, the german chancellor, was also saying the same thing. and the french president was saying it was -- the leader of

the far right who is in the polls for the next french presidential election is asking for a frenit is asking the french to consider leaving. the french market is down this morning 8%. france in the past week has seen a terrible economy crisis, so people are extremely worried. >> are we looking at years of turmoil here, laura, or do we think that this is something that a few weeks, few months from now things will be better in that part of the world? >> no, absolutely not. they are looking at a very dark side of what could happen in europe and in france in the next months and maybe years. there's a lot of uncertainty. you have the migrant crisis, you

have terrible economy crisis, you have now brexit, you have, as i told you, the rise of very populist movements. in france you have the next presidential election in april and may, 2017, with again people who are calling officially since this morning for france to leave europe. nobody knows what could happen. there's a lot of uncertainty. i know that in the united states when you're talking about france, you're always saying, oh, this is wonderful, i love the food, i love paris, i love things, but there's a very dark side in the daily life of the french people which is happening in the past months and with what's happening today in england, nobody knows what will happen in france. and it's again a dark image and people are extremely worried. >> laura haim for us this morning from paris. laura, thank you. we have seen stocks tumbling

this morning with the british vote to leave the european union, so what can the government do to protect your own money? i want to bring in jim himes, a member of the house financial services committee. congressman, first of all, just in broad terms, your reaction to this morning's news. >> well, i was very disappointed by the decision that was taken by a very slim majority of the british. by the way, if you look at who was deciding, it was interesting. it was far and away older british citizens, the young people, the millennials, people in london understand what i think most of us understand and what the markets are demonstrating today is that this is a very bad thing for the united kingdom. inevitably you hear talk of scotland now maybe peeling off to go with europe. this risks turning a major global power into a more provincial country that can't exercise its desperately needed leadership in europe, so this is a disappointing thing. >> speaker paul ryan was asked

about the referendum this morning. i want to play just a bit of what he said and talk to you about it on the other side. here's the speaker. >> as an american, we value the principle of sovereignty, self-determination, government by consent and limited government. these are very important principles, and these principles are being expressed here at home and around the world. our friends in the united kingdom are our indispensable ally and this is a very special relationship and that relationship is going to continue, no matter what, period, end of story. >> the speaker goes on to hint it parallels between the referendum there in the united kingdom and politics here at home. do you think there is a message perhaps for washington? >> yeah, there is. i think it's be careful what you wish for. speaker ryan is right, that the relationship will be strong but the question is, is that relationship with a power in europe, or is it with a

provincial england that has decided to step away from its leadership in europe. now, what the speaker couldn't say and what he was sort of getting around there was let's face it, if you watched nigel forage on tv reneging on the financial promises that the movement made that your money is going to brussels and now staying here, he reneged. markets speak, and what speaker ryan was having trouble articulating or couldn't articulate is that a lot of what drove the brexit vote in britain was driven by people like forage who were not being honest in what they were saying. it was driven by xenophobia. you heard your french correspondent talk about this dark strain in french politics, talking about closing off borders, stirring up suspicion about people immigrating in. we see this in the united states, and i think it's important that we look at what just happened to stock prices and the economy in the uk and

say this is where that xenophobic, angry, right-wing, dark instinct takes you. >> how real is the worry this is the kind of xenophobia that will spread to other parts of europe and it is going to manifest itself with other countries deciding to leave the european union? >> well, look, it already has spread. throughout the continent you're seeing the rise of right-wing movements who are standing up and saying we are french and the people who are crossing our borders -- and, you know, they're talking about other europeans here. they're talking about italians, southern europeans, but there is reference to the middle easterners, to the syrians coming into europe. they are saying they are taking away your country. if you think of the common thread in these movements, it's take my country back, make my country great again. they're harking back to an era of much less immigration, and again we're seeing it all over europe with the rise of right-wing movements. anybody who studied the history

of the last 60 years, when you start to see the emerge of xenophobic right-wing movements in europe, you pay attention. >> congressman, thank you. >> thank you. coming up, the endorsement that wasn't really an endorsement. >> are you going to vote for hillary clinton in november? >> yes. yeah, i think the issue right here is i'm going to do everything i can to defeat donald trump. i think trump in so many ways will be a disaster for this country. >> okay. so you heard that right there. bernie sanders saying that he will vote for his democratic primary rival. why, then, is he still holding campaign events and refusing to drop out? we'll talk about that with our first read team after the break.

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hillary clinton, but he's not leaving the trail. senior political editor mark murray joins me now. mark, what's he doing here? >> well, craig, what he's trying to do is gain the most leverage he can for the democratic platform in philadelphia next month. by kind of holding out for a formal endorsement, you know, he is putting pressure to say, hey, there's some things that i want in the democratic platform, and to be able to get my full endorsement, you'll need them in there. the pickle that he's in is that once you've actually said that you're pretty much going to vote for somebody like he ended up doing this morning on "morning joe," that's kind of already an endorsement so he pretty much already has one foot in on the clinton camp. the question is does he get that other foot in and when does that happen. >> in vice presidential news, fired trump campaign manager corey lewandowski says that there are no more than four people on trump's short list for vice president. what are we hearing about those names? >> you know, so, craig, i can tell you who's on our top tier

and this is through all of nbc's reporting that we've been able to do. but the folks who seem to be in the top tier that we have are senator john thune of south dakota. you have new jersey governor chris christie. you have tennessee senator bob corker and christie and bob corker and governor rick scott, those seem to be the four folks in the category. there are several people that are in some tiers below that. we are in the stage right now where anything is possible. those are the four names i would watch. >> anything on the clinton's side. >> tim kaine is still a big front runner there. >> that would provide a chief geographic. well, we call it a purple state. >> it is about a grand state. >> have a good week. >> you, too. up next, we'll check on the u.s. stock exchange reacting to the european leave union.

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as we approach the top of the hour, we would like to update you on wall street reactions again. you can see right there. olivia sterns is joining me again. the european market just closed about 25 minutes ago. there is a little bit of relief here and traders hoping for things to subside. we are all education lsession l. with me now is peter costa and fire executions. you are saying it could have been worse. >> yes, it definitely would have been worse. we had events on the opening, you are looking at markets down significantly more.

>> why is it not worse? >> well, that's a good question, i would like to think for an answer on that one. people are still looking at the market and still saying there is a lot of values there and the u.s. economy is doing well. but, i mean in the long-term your investment in the u.s. is not seen anywhere else. >> the dow is 175, do you think this is where we'll stay for the summer, is brexit going to put it in? >> mortgage arket is very high w and you will see it drop a little bit. right now you are not going to see mituch of anything. we can drip lower. >> are you worried of conting t contingent? >> i think the possibility exists.

that's something that people have to be aware of and you have to look at who's saying they may want to leave >> peter, thank you very much, peter from fire execution. >> that's the biggest thing and what happens if another country goes next. >> thank you, we'll be right back. th tmicrosoft cloud, we can enable a banker to travel to the most remote locations with nothing but a phone and a tablet. everywhere where there's a phone, you have a bank. now a person is able to start a business, and employ somebody for the first time. the microsoft cloud helped us to bring banking to ten million people in just two years. it's transforming our world. do you really know what it means? no. the answer is no. because it's complicated and science-y. but with my nutrition mixes, you don't have to worry about the science. you can just put it in your pie hole.

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says he will resign. >> i don't think it is right for me to be the captain that steers our country to the next designation. >> the market is taking a deep dive. >> and in the rough landing in scotland where voters strongly wanted to stay in the youth. donald trump is focusing on his golf course. >> we have taken the lighthouse which is a very, very important building in florida -- i mean in scotland, it is incredible suite. you should try to see it, they are two of the most beautiful suites that you will see. >> president obama is visiting irelan