it's not britain no more, is it?> it's too much a mixed bag. >> and we are attracting too many people. yes, the wrong people, the wrong kind. >> the eu opponents are popular here. many britons believe the eu's policy of free movement of labor is wrong. jonathan: i hope that the eu implodes. it's an artificial construct. we face 2 tyrannies in this country. one is islamic fundamental terrorism. the other is the tyranny of european bureaucracy, which is imposing rules and regulation upon us, that we have little control over. >> so what would a brexit mean for boston's polish community? they come to st. mary's church every week. mass is now also held in polish. many members of the congregation are worried. they say the brexit debate has stirred up resentment against them, although they have helped to make boston prosperous. father kowalski: because we came here with education, with culture, and people are ready to work, they pay taxes. and yes, i think we enrich this country. >> the eu opponents are out in force of the

until britain's e.u. referendum and more business leaders have been pledging support for the remain camp, including richard branson head of the english football premier league. and a mentally disturbed who acted alone, more orlandoemerging with shooter omar mateen as the f.b.i. releases a transcript of 9-1-1 call he made. let's get business news. as we have been reporting, three britain's e.u.l referendum. we've had more warnings today, we, from across the business community? reporter: the possibility of question calling into a host of issues for the country, including britain's ability in hiring foreign workers with just days left before britain's vote to remain the european union, confusion remains on the aftermath for brexit. u.k.'s most prominent businessmen, richard branson, is countrymen who vote remain. reporter: raising the specter of war, british entrepreneur richard branson took a strong stance in favor of his country to remain in the e.u. think as far as great britain is concerned, it would be

for britain, what kind of britain would it be if it left the european union?g the campaign, we did not hear much about that. it would totally remake the politics of the country. even if it were to remain, which is less of a story, but still a massive headline, still historic, it would leave this issue of this sort of, i don't know, it will be at least four out of 10 votes who don't like modern britain, who are worried about immigration. is something familiar to people in the united states, the idea of red states and blue states. it is not an exact comparison, but there is a significant chunk of the population that is angry about stuff. katty: and will have lost, whichever way it goes. or won. someone is going to lose. thank you so much for coming in. still to come, the eu referendum is coming to a close. in scotland, donald trump is in town, bringing presidential politics with him. lawmakers in washington ended the 25 hours sit in at the u.s. house of surpriseatives in a mass action which went on through the night. they were demanding congress vote on gun cont

he says it britain must not turn its back on europe or the rest of the world. also, across the channel, german chancellor angela merkel says there can be no informal talks about brexit on to london makes the first move. the french president says there is no time to waste. in soccer, at the euro 2016, italy and spain go down to the wire. both hoping to advance to the quarterfinals and the right to play world champions germany. ♪ brent: it is good to have you with us. on both sides of the english channel tonight, lines are being drawn in what promises to be anything but a simple british divorce from europe. let's start in the u.k. outgoing prime minister david cameron has ordered a working group to begin the compress -- complex process of making an orderly exit from the european union. the work will now start but the next government, the next prime minister -- they will have to finish the jump. reporter: it was an upbeat baby camel who spoke to the british parliament for the first time since he announced his resignation last week. he told lawmakers his cabinet ha

britain has been a great exporter of goods.'s going to be tariffs imposed and more expensive. >> they are a bigger importer. for the average britain everything they buy is more expensive both new tariffs in place and because the british pound has fallen so much. everything becomes more expensive. as they negotiate, tariff agriculture is a big deal across the eu. 40% of the budget is spent on agriculture right now and that a lot of that comes to british farmers. they have to negotiate the different pieces over the next two years. the less impact for trades immediately but because of the chop in the market, the currency coming down, because borrowing costs maybe more expensive those things will feel effects immediately. >> i will ask you to stay with me. back over to paris to christopher dickey. you may have heard nigel farrage talking about it may be the first brick in the wall, indicating the dutch, swedes, ill at thely may follow suit. talk to me about the french. how will it be interpreted in paris? >> i think people try to i

if britain leave it is e, britain is going to face the apock lips and everyone is going to be forced to eat each other and that's the sort of the level of the arguments being put forward by the remaining camp. i think it's absolutely stagger, this belief, you know, that britain has mentioned earlier, the world east fifth largest economy, one of the biggest on the face of the earth. the britain cannot survive and function outside of the european union. i think it's frankly ludicrous and it's my view that, you know, britain, a nation that has been a global path centers will not only survive outside of the european union, it's going to drive outside of the european union. and the eu at the moment, i think, really ties britain down. it shafls britain -- shackles britain to what is increasingly declining entity that seeks to self determination and sovereignty. and self determination really do matter in this world today and without a doubt. that the british people have to enjoy, at this time. pan american parliament. and central bank of the america, a pan america court of justice in mexico

they are not coming into britain. we are going to do all the things that, for instance, donald trump says he's going to do in the united states. at the same time, we are going to be independent and able to deal with the globalize zed world and be fast movers and great businessmen. it's all crap. that's not what's going to happen. what's going to happen as the ft pointed out is people are not going to be able to move around. young people in britain are not going to be able to do that. people who are working in britain are going to have to leave or re-negotiate their status. it's going to be a disaster. >> for the grace of god, this is happen. your vote does count. thank you both so much. >>> coming um, could it happen here? britain's vote to leave europe is the same anti-elite, an anti-immigrant forces powering donald trump's campaign. i'm going to ask james what hillary clinton needs to do for an emerging global trend. >>> plus, financial markets have plunged in the brexit vote. the decision to leave europe is your mo

britain leaves. aere is a disaster, in that man like boris johnson might become prime minister, which is disastrous for britain. talk about europe. camp in places like france, 61% of the population unfavorable of the eu, they demand a referendum. in denmark, they demand a referendum, where there is an anti-european party with more votes than any other party. in poland, people demand a referendum, and the whole thing starts to fall apart, the whole project starts to fall apart. permany is left with a few rum states hoping for handoffs from the german table, and that is cast as the european union, which is really just a neocolonial project. this, i admit, is the worst possible outcome, but it is not totally unrealistic. that's the terrible thing. peter: ulrike, do you buy into this? ulrike: i don't. politically, europe might be divided, but economically we are bound together. it is a very small continent, with very tight economic affairs. it is impossible to somehow get independent economically, and th

i don't see any way that britain can get around it. if they try to do it without invoking article 50, i think that's going to be a real problem, a real fight. i don't really know how this is going to work out. it's hard to see a solution. the to satisfy those pore brexit for immigration reasons. >> nicholas, thank you very much, indeed. amara, that is the context of london. and i think he put it very well, we don't know how it's going to work out, but we're trying to work it out for you. >> no one knows just yet. we're going to to take a short break. from here, when "cnn newsroom" returns, stepped down lately? we'll tell you about with another resignation, but this one has nothing to do with that. but hillary clinton campaigns with the potential running mate with some harsh words for donald trump. >> what kind of a man roots for people to lose their jobs, to lose their homes, to lose tir life savings? i'll tell you what kind of a man. a small, insecure, money grubber who fights for no one but himself. sfoo with my moderate to severe ul

there's a group who want to make this as easy as possible for britain, maybe even try and convince britaino stay in, do a good deal. then there's another part -- there's another mood that says, no, you know, they left, they want to leave, they've been a problem for 20 years, let's kick them out and make sure that they don't inspire anybody else. there's no resolution yet to that conversation, which is going on inside europe but also even inside germany, inside the largest european country. >> andrew roberts, you were in favor of leaving. i'm wondering, watching all this, all these consequences, are you having any second thoughts? you think boris johnson is having any second thoughts? >> no, not at all. and it's not true we haven't got a plan. boris johnson and michael gove have got a plan. the drawback is neither of them are prime minister. with any luck, one of them will be prime minister by the time the torrie party conference meets in october. then they're going to get down to implementing their plan. you can't start negotiations until you actually know who's going to be in charge of th

britain divides. well, at that time not very dramatic but the news is, indeed, dramatic, the brits are going to leave, okay. let me summarize here. at the end of the day the brits, the out vote in britain needed 16.7 million votes, get that vote and they are out. they have very close to that and all projections say they will meet the 16.7 million required. you're looking at number 10, you were for a second. that is the official residence of the prime minister of england, his future is in doubt. david cameron, he wanted to stay in the european union, he lost, can he still lead the conservative party in parliament? the reaction on the financial markets is a blood bath, down 700 for dow industrials, the nasdaq is down 5% and s&p down 5%. we are going to take a very short commercial break but we will be back with the big news y we were born 100 years ago into a new american century. born with a hunger to fly and a passion to build something better. and what an amazing time it's been, decade after decade o

voting is underway in britain right now.he country is deciding whether or not to stay or leave the european union. polls, they're closing in less than three hours from now. today's results will have big impact on our markets, on our economy, their economy, of course, and national security. our own charlie gasparino is joining us right now from london with the very latest. charlie? >> polls are pretty tight. if you believe the polls, it maybe slightly give the edge to remain vote as opposed to "brexit," which means britain exit but the bookies, this is very interesting, a lost gambling -- lot of gambling, bookies believe a large margin britain will vote to stay in the eu. that is what we're hearing. i have been out and about interviewing people. cosmopolitan, extreme remain crowd. even anecdotally it is 50/50. whether the bookies are right, polls are right, i can't tell you. we'll know three a.m. london time. 10 a.m. new york time where this goes. and listen, if the markets priced in remain vote, here is where it gets interes

there are regulations and laws that britain has signed on to, the way it conducts business in britain, is in concert with the way that other europeans do, as a result of this agreement over the last 50 years. so, now all that needs to be rewritten, not even the actual notice to the eu could take place for many, many months. britain has to notify the eu that there's two years of negotiation on how town tangle -- >> that period in the middle where there are no rules for -- what happens for the next two years, three years? >> what cameron just said is correct. they operate as if they are part of the european union until that is dissolved. >> that sounds awkward. >> free movement across borders, beings relationship is the same. the immigration issue does not stop and it's not just immigration for the middle east and europe. it's immigration of eastern europeans into the labor market in britain that has caused this kind of feeling of nationalism, to rise. and that's what you're seeing expressed here. >> is this the beginning -- our stock markets, the dawes is down three percent, the send d

will britain manage to hold together?ill scotland decide that it wants to not go along with this and have its own referendum to leave britain? already members of scottish independence parties are suggesting that that is what they would want. the implications, people are arguing over in the long-term. in the short-term we're already seeing questions like that being raised. we're seeing the british pound drop big 10%, the lowest since 1985. the euro dropping too as some countries, some politicians, some lawmakers in other european countries say they too want a referendum to see if their country can leave the european union. so there is a question mark over the future of the european union itself. and that raises another question that many people have been asking and concerning themselves, worrying about. and that is whether the european countries will effectively try to punish britain, will not agree to any deal with the uk that is favorable to the uk, in order to ensure they send a message to other peoples in other europea

nethas been that plus -- plus for britain. today in theece wall street journal points out that it could affect the rate increase. now, the brexit vote might delay it again. what other ripples might we see in the united states. be a: that might transitory effect. certainly right now you see a move to caution. the fed will not be raising rates anytime soon. you see money shifting from the stock market. it is a mixed blessing for the economy. , that is nottiree so good. i think the primary effects will be on britain. one thing we have not touch but is the generational differences, a young people, those under 35 who want to stay in the union. they will have to live with this decision for 50-60 years. talk about long-term economic consequences. , they will have to live with the consequences, but not nearly as long. , by it is their country need to tell it like i see it. i could the decision to leave the european union will have some unintended and unforeseen consequences for the british people that on net will probably not be posit

should britain be in or out?ears, the relationship's been intermittently fractious. britain gained economically but quarrelled over money and subsidies, not least over the kofn serve tore ship of margaret thatcher. in 1992, britain stayed in the club but declined to join the common currency, the euro. >> it is time for the british people to have their say. it is time for us to settle this question about britain and europe. >> reporter: cameron's evident motive was to quell the eurosceptic voices within his own party and make the case against the far right independence party. >> i will be advocating vote leave or whether the team is called. >> reporter: superficially the referendum was a story of ambition. a political heavy weight the political boris johnson coming out for the campaign. the cartoonists revelled in it. steaming down the line, boris at the controls of the brexit express, an anxious cameron roped to the rails. >> i believe that this thursday could be our country's independence day. >> reporter: as a

if britain's -- that britain remains to vote in, she will be behind history. thatcherism will look like a glorious last stand by liberal in england before it is subsumed into a collective european non-identity. in my view, in either event she will have deserved well of the people she governed for 11 years. without her they would not be having any choice in the matter. thank you. [applause] >> john, thank you very much those beautifully crafted remarks, extremely insightful, and i'd like to actually ask you an opening question with regard to the impact of brexit on the angle american special relationship. how do you see britain post-brexit be shaping the special relationship? could you also comment on the president obama's intervention a few weeks ago what he wanted the british people against leaving the european union, telling them they would be at the back of the queue if they don't vote for brexit? >> well, if, indeed, the british vote for brexit, that will start a process. it will not come overnight there will be no change. they will be essentially two year

in britain and so on, and massive volatility. nicole: that is more the close than the open. >> caller: these traders, they need the systems to work perfectly. the nyse has put the staff on, nobody is on vacation and everyone will have their guys -- lauren: circuit breakers is another point. >> caller: the dow dropped 316 points. >> i don't remember the last time we had those. smaller numbers. nicole: the worst drop for the dow jones industrial average in 2008. nicole: dramatic moves, dow futures down 438 points. where do you predict. >> i think we will moderate as the day goes on but because of his massive imbalances with so many socks it is impossible the single stocks go, as a whole, we don't know until we see those. lauren: let's bring in kathleen brooks, research director at city brooks, thanks for coming back. commissioning private exit polls, with that data we didn't expect this decision from great britain to leave. >> it wasn't hedge fund. and they had it completely wrong. lauren: what are your expectations for today? what

it's not britain no more, is it?it's too much a mixed bag. >> and we are attracting too many people. yes, t the wrong people, the wrg kind. >> the eu opponents are popular here. many britons believe the eu's policy of free movement of labor is wrong. jonathan: i hope that the eueu implodes. it's an artificial construct. we face 2 tyrannies in this country. one is islamic fundamental terrorism.m. the other is the tyranny of euroropean bureaucracy, which is imposising rules and r regulatin upon us, t that we have little control ovover. >> so what w would a brerexit mn fofor boston's polish comommuni they come to st. mary's church every week. mass is now also held in polish. manyembers of ththe congregation arare worried. they say thehe brexit debabate s stirred upup resentment agagaint them, although they have helped to make boston prosperous.s. father kowalski: because we came here with education, witith culture, and people are ready to work, they pay taxes. and yes, i thihink we enrich ths country. >> the eu opponent

britain in danger?that a scare tactic? we'll talk about it. bill: could a trip to the doctor be hazardous to the your health? there is a brand news fox news documentary we'll introduce to you next half hour that reveals disturbing findings about health care in america today. >> 60 days being a nurse i saw a patient killed by medication error. >> tell me what happened. that must have been such a shock to you. fresh out of school on the job. excited for career. >> worst than that. i discovered the medical error. now you can. when you lease the 2016 es 350 for $329 a month for 36 months. see your lexus dealer. bill: want to keep an eye on this, trading for 62 minutes on wall street. the dow is off sharply. not as bad as bit earlier. to the negative side, 384. 382. we'll see ultimately where we are at the close. we'll watch this stuff as we work our way through the day. 1032 here in new york. martha: breaking news. a new fire has broken out in california already burning, more than 100 homes to the ground, d

britain will stay in nato but we don't want it to fracture britain or britain without scotland in the future. laura: is it time for america to look for a new ally that will be in the european union? >> it's true germany has been rising in power inside the european -- europe for a long time. if britain leaves the e.u., if that actually ends up happening, then we'll have to have a partner. it won't be the quality of our relationship with london but a partner with which we can work more seriously and i think that has to be germany. i was in berlin during the brexit vote. the germans are very reluctant to put themselves forward. they've never seen themselves as a global power, a military power the way britain still does. laura: the fact that germany isn't the military power. what would be lost if the u.s. transferred its diplomatic weight to germany as the e.u. power base? >> well, i think there's much to be gained from a stronger strategic partnership between berlin and washington. one of the interesting things to look for will be whether or not angela merkel, if she's able to return to

there are more jobs in europe dependent on trade with britain than there are in britain. it's simply a lot of doom mongering and scare mongering. >> i feel like we're dragged back into the arguments of the campaign. i disagree. we don't know but the initial feedback from the market is not entirely positive. the thing strong from the europeans particularly the french and the german finance minister said they see no real merit in giving britain a good deal because they don't want the same thing to happen with other nations and i think, as a result -- >> rose: use them as a bad example for leaving. >> i think christine lagarde, that is a bit of an exaggeration. but britain going into recession, the pound sinking lower, it has to be-- it's can go down to 120. you can see banks and people already saying we employ a thousand european nationals in the london office or 2,000, will they have visas and will they put investment into london. >> any country running a current account deficit depends on the kindness of strangers to lend them money. britain is running one of the largest

many of the things that have changed in britain have changed because the policies of succession of britain -- british governance. >> the issue you raised about whether the british people were sold something they did not know what it was they were buying, both when we entered in 1973 and in the referendum -- it was resolved more or less. the british prime minister has made it clear at the time this was much more than a market. this was not just a market. this controversy over what this thing is has run and run and run . it's never satisfactorily been resolved in the u.k., largely because you've had a leader who is prepared to make the case to the british people, what is this about, why are we in it. laura: just the point then. -- just another point then. an argument that the brexit camp are making is, why would britain want to be tied to the european union? when you look at the big issues, the migrant crisis, the eurozone crisis, what an absolute failure that has been -- why tie a country to something like that, to a project that some people might -- say might fall apart in the next 10 to 2

on. >> britain has been a partnership with the u.s. for a long time and sees a lot of issues in the world the same way as the u.s. does. to that extent, britain has been united states' voice in the room in the european union. when it comes to a foreign policy question like russia, you have countries in europe, like germany and france, who have had different relations, that have sort of tried to be more warmer rapprochement relationship with russia. britain has been our sort of voice in the room of having a tougher line against a place like russia. now that britain is no longer going to be part of diplomatic deliberations in europe, i think the united states is going to have a tougher time winning europe over for those big foreign policy questions, like russia. >> stewart: there has to be a who or a what, a country, and a government that might take advantage of brexit and take advantage of this turmoil. who might that be? what are some possibilities? >> well, i just mentioned russia. russia seems to be-- has long wanted to be the most p

to say britain is anti-e.u. for decades isn't right. >> 40% of labour voters voted to leave the e.u. >> that was a protest against david cameron. >> the most pro european union party there is. >> they won't want to remain in the predicament they have been in the last six years. they haven't liked it. >> that's taking constructionism way too far. it's clear what people were voting for. it's drew britain is deeply skeptical. that's why we didn't go to the euro. >> there was talk of what people were voting for. people were voting against the e.u. because the e.u. was give bent to the status quo. now we're seeing the facts that people were not voting for anything concrete because they were promised a trifecta of things they couldn't v. some people were voting to stop immigration. some people like your description were voting for a little singapore, a free trading liberal nation. some were voting to get back to the '50s. they were different and completely inconsistent views and that's why we're in the predicament we

the eu is britain's most important trading partner. britain exports half of its products to european countries and imports more than half of its products from the continental. to maintain this level the u.k. would need a free trade agreement. without won the u.k. would have to pay tariffs. brexit supporters are banking on the fact they will be able to cut a special deal with the eu. >> the special access is wishful thinking. it is not going to be easy to come to a special trade arrangement for the united kingdom. the european union has a huge body of law that sets the rules of the single market. >> it is likely to be complicated and messy. the stage is set for nigel farage to take a much bigger role in british politics. >> global markets have reacted swiftly to the brexit vote. daniel winter has more on that. >> there is a huge drop in the value of the pound. emergency managers were hit by the brexit shockwave. we will get the latest in just a moment. first a look at what economies are feeling the pinch. >> asian market sold off heavil

a britain that is free, a great britain that is sovereign and can make its own decisions, will be a far stronger allied force of the united states. president obama was absolutely theg to intervene in british state. i would describe the thervention as a slap in face of the british people. he comes over to america's closest ally on the international stage and tells dare leave theey european union, they will be at the back of the queue for a free trade deal. this is an extraordinary intervention by a u.s. president , not only giving the wrong advice, but also speaking in a condescending tone towards a very close friend and ally. needless to say, the intervention backfired. i think most british people rejected the idea that president obama should be lecturing the british people on how they should be voting in their own referendum. , that britaint would be at the front of the queue for a u.s.-u.k. free trade deal post brexit. andou look at the depth size of the u.s.-u.k. financial the largest, it is by investment relationships in the world. states has $5 trillion of assets in the united king

why britain -- britain has a different relationship with the european union.many of the core members, and that is rightly so. it does not mean that what people were voting for now was not powered by different arguments about why they did not like the status quo. i don't think a large number, a large share of the british public has been festering as the main thing they are concerned about is anti-europe. it is like leaving the tory party. [speaking simultaneously] charlie: one, the economic followed, two, the strong surge of nationalism and sort of right wing, for lack of a better word politics. ,zanny: let me to the second one first, because it links what we are talking about. we are already seeing a surge of populism of different flavors. we are seeing it on your side of the atlantic with donald trump. we have seen it in austria, we have seen in poland, we have seen in marine le pen. it is a big victory for the angry brigade, and it should be a wake-up call for everybody else. i hope they take the import of this event. what happens in terms of the economic ev

there are more jobs in europe dependent on trade with britain than there are in britain.t is a lot of scare mongering. >> we are being dragged into the arguments of the campaign. we don't know but the initial feedback is not positive. the thing that is very strong for europeans, particularly for the french, is that they see no real merit in giving britain a good deal because they don't want the same thing to happen to other nations. it is possible that christine lagarde on that level is a n exaggeration. the idea of the pound sinking much further, that is something. it could go down to 120. these are all things people see in money. what is happening throughout new york is you can see banks and people saying we employ 1000 european nationals in the london office, how many of those are we going to keep? they are certainly not going to put more investment. >> any country which is running a current deficit depends on the kindness of strangers. britain is running one of the largest current account deficits at the moment, 5% of national income. we're cutting ourselves off from

i think britain should leave. the question you talked about the lack of sovereignty also just a fundamentally anti-democratic institution. the e.u. has four presidents, none of them elected. you have this parliament at the e.u. but to initiate legislation that comes from unelected bureaucrats who make those calls and britain, we have to say you have made progress cutting the corporate tax rate. >> absolutely right. i think a fundamental democratic deficits in the european union, unelected bureaucrats and european commission across the e.u.. there are five e.u. presidents, 99% of the british people could not name more than one or two. that is the current state of the european union. >> you get out of the e.u. under this scenario, people vote to leave, ridley is saying with the internet and the wto bringing down trade barriers, it is not that big a benefit to be in the e.u. versus what it used to be. does that make sense to you? >> britain is far better off outside the e.u. in terms of negotiating free-trade deals a

even if britain does decide to stay, what does britain make of this, how badly has the anger damaged relationship with the eu? max: it is not necessarily that anger because the anger is nothing new, it has been around for a while and it is nothing exclusively british. you find that anger in france, germany, the netherlands. i do not think the anger itself will damage the relationship. but you are touching upon a very important point because even if the united kingdom remains part of the european union, and many officials have hinted at this, there will be some rethinking of european union, some are calling for a conclave of the leaders of the european union. try to figure out what holds the student together, tried to figure up what the path is moving forward and how to win back the hearts of the citizens of the eu. sarah: i want to talk about a more monday topic -- the weather. -- more mundane topic -- the weather. what sort of impact are you seeing that have on the turnout? birgit: the weather is really tragic, it is almost ironic. they had been plagued by this rain which is so typi

britain woke up a new, independent britain. also an uncertain britain. this is over 40 years since they vote to do join the eu. and suddenly overnight they voted to leave. what lies ahead is uncharted territory. global markets crashed as a result and saw biggest one day slide since 2011. almost $2 trillion lost in value with the dow dropping 400 points in the first minute of trading alone. yet, the u.k.'s biggest challenge still lies ahead that dealing with this messy divorce from europe. to do that they must first trigger article 50. that formally notified their intention to withdraw from the eu and sets 2-year clock running. vast negotiating teams will be formed to go over every detail of the separation. early successes for the leave camp in the north of england first signs last night that the government was really in trouble. as the night went on, it became clear that the outcome was going to surprise everyone. the final decision was called just after 7:00 a.m. this morning. and not long after that david cameron, who had steaked his leadership on the

and britain's special relationship is coming up. >>> britain's vote to leave the eu reverberating across the atlantic as well. american politicians from both major parties expressed respect for the choice of british voters. >> yes, they did. u.s. president barack obama had urged britain to remain in the eu, but on friday he gave assurances that the, quote, special relationship between the u.s. and the uk is still solid. >> i do think that yesterday's vote speaks to the ongoing changes and challenges that are raised by globalization. but while the uk's relationship with the eu will change, one thing that will not change is the special relationship that exists between our two nations. that will endure. the eu will remain one of our indispensable partners. our nato alliance will remain a cornerstone of global security. >> only former french president nichol nicolas sarkozy is also reacting to the decision. he said british voters' rejection of the eu is a sign that reform is needed and called for an treaty. >> translator: europe, now at 27, cannot function any longer in this way. the questio

i think that the historic role that britain has played, to be a stabilizing force has been by britaineing an arsonist on the system. i think the basic short answer to your question is in other countries, the dutch has been making noises. we have got the spanish elections. italy has a big constitutional issue. wasink probably not but i someone that thought probably not brexit as well. things that were impossible are now possible. is the chances of the european union coming apart. are anidea that we arsonist on the world stage because we have had breakfast is completely ludicrous. we are going to stay in the g-8. we're going to stay in the united nations. the reason we have security on ,he european continent for nato we are also going to stay in. the only thing we are not going in this old, protectionist, unpleasant thing that 17.4 million people have voted to get out of. we are not arsonist in the slightest. point about scotland and northern ireland and wales, they voted in the majority for brexit. a lot of scots voted remain because they do not want another referendum. they thought th

as much as the united states has a special relationship with britain, britain is in a political mess right now. there is no real leadership. david cameron has stepped down. there is no really strong political figure to lead the country as the european union wants it to. the opposition, the labor party, is in free fall and breaking down. you have scotland saying it may go for a second independence referendum to leave britain and stay part of the european union. there is so much going on, so many moving pieces. this is the environment secretary kerry comes back into. vi vict victor? >> and it's all happening so much. thanks so much. >>> after a massive selloff friday, u.s. and global markets are looking to steady things outs. here's the question. will it be another ugly day for investors? cnn chief business correspondent christine romans joins us with the latest on that. >> good morning. well, it certainly was an ugly day on friday. no question. so does it stabilize today? this is what i can tell you is happening right now. you have u.s. futures still down a little bit here. not a big

it was still controversial in britain. by 1975, the brits were so conflicted bit already that they held a national referendum on whether or not they should get out of europe. after they had gotten into europe. that referendum in 1975 was not close, interestingly. people thought it was going to be a lot closer than it was. they thought the brits were much more likely to get out of europe than they were. ended up being a 2-1 "yes" vote they should stay in. that was 1975. that was the last time brits voted on whether or not to stay in the european union or a predecessor of it. since then for the past 40-plus years, britain has been a cornerstone of a version of winston churchill's united states of europe. that structure, that idea of something holding europe together, ensuring peace in europe through economic integration making wear unthinkable because they were so interlinked they could never see each other as enemies again and never afford to wage war within europe again. that idea over the years, it evolved from that initi

and nonmetropolitan britain. it sort of amplifies that message that there's a march of anti-establishment politics and the elites are not listened to in the way they were about of. >> is that a good thing? you are one of the elite. >> this has been a great celebration of our democracy, the fact that they've been able to give instruction about how to deal with this in the future. i don't incidentally believe you're correct. we don't have control of our law making because we can be overruled by the european court, unelected court. we don't have control of our borders. whoa have complete free movement inside the european union. however, many people choose to settle the uk they're entitled to do so. i don't know any other country, certainly not the united states, who would accept a position. we've taken control of that today. >> take back control was the mantra, but basically all the experts say, in fact, your laws are made here, those that really matter. the single market laws are made in brussels but now you want t

or in britain but it's going to be in europe. in fact, the ftse that's the british stock index is only back down to a 2 or 3-week low. the dow is back down to what it was in march. the fundamentals here at home remain strong even within the banking it's europe that people want to avoid in terms of buying dip in stocks. maria: what's the most important metrics that you're going to be looking at to indicate -- to give you an indication of how deeply the market falls? >> one of the biggest things i'm going to look at is market psychology. start looking at sentiments indicators, see how people get and number two, the best one of all is the vicks, it would get -- dagen: we don't have a current quote on it. it's like 16th hundred in where the vicss has traded. almost 90 during the peak of the financial crisis. 50 after the collapse of long-term capital management and after the attacks of 9/11, we are not right there in terms of panic at least in that one gauge. maria: jonathan, final comment from you in terms of allocating capital righ