.) >> this is a city in east of china been shanghai the american female writers who is also the the nobel prize in litter she grew up in china for 18 years and described as her hometown in china. >> (speaking foreign language.) >> this morning i heard the speech by the government of california gosh and i agree with him very much we need to transfer our commitment to actions. >> (speaking foreign language.) >> so our apart from the separate transportation we have conducted many efforts for the reduction of cash emission in the city and our efforts can be concluded from

.) >> this is a city in east of china been shanghai the american female writers who is also the the nobelze in litter she grew up in china for 18 years and described as her hometown in china. >> (speaking foreign language.) >> this morning i heard the speech by the government of california gosh and i agree with him very much we need to transfer our commitment to actions. >> (speaking foreign language.) >> so our apart from the separate transportation we have conducted many efforts for the reduction of cash emission in the city and our efforts can be concluded from 5 perspectives. >> (speaking foreign language.) >> first, we set up the goal of achieving cash peak. >> (speaking foreign language.) >> at cop 21 pointed out that cashier emissions will peak in around 2030. >> (speaking foreign language.) >> based on a scientific analysis and calculations it is one of the earlier city to achieving 10 years earlier than the national goal and average. >> (speaking foreign language.) >> preceding in the current situation we're confident it we have the ability to realize the goal. >> (speaking forei

.) >> this is a city in east of china been shanghai the american female writers who is also the the nobel prize in litter she grew up in china for 18 years and described as her hometown in china. >> (speaking foreign language.) >> this morning i heard the speech by the government of california gosh and i agree with him very much we need to transfer our commitment to actions. >> (speaking foreign language.) >> so our apart from the separate transportation we have conducted many efforts for the reduction of cash emission in the city and our efforts can be concluded from 5 perspectives. >> (speaking foreign language.) >> first, we set up the goal of achieving cash peak. >> (speaking foreign language.) >> at cop 21 pointed out that cashier emissions will peak in around 2030. >> (speaking foreign language.) >> based on a scientific analysis and calculations it is one of the earlier city to achieving 10 years earlier than the national goal and average. >> (speaking foreign language.) >> preceding in the current situation we're confident it we have the ability to realize the goal. >> (speaking f

.) >> this is a city in east of china been shanghai the american female writers who is also the the nobelrize in litter she grew up in china for 18 years and described as her hometown in china. >> (speaking foreign language.) >> this morning i heard the speech by the government of california gosh and i agree with him very much we need to transfer our commitment to actions. >> (speaking foreign language.) >> so our apart from the separate transportation we have conducted many efforts for the reduction of cash emission in the city and our efforts can be concluded from 5 perspectives. >> (speaking foreign language.) >> first, we set up the goal of achieving cash peak. >> (speaking foreign language.) >> at cop 21 pointed out that cashier emissions will peak in around 2030. >> (speaking foreign language.) >> based on a scientific analysis and calculations it is one of the earlier city to achieving 10 years earlier than the national goal and average. >> (speaking foreign language.) >> preceding in the current situation we're confident it we have the ability to realize the goal. >> (speaking for

.) >> this is a city in east of china been shanghai the american female writers who is also the the nobelize in litter she grew up in china for 18 years and described as her hometown in china. >> (speaking foreign language.) >> this morning i heard the speech by the government of california gosh and i agree with him very much we need to transfer our commitment to actions. >> (speaking foreign language.) >> so our apart from the separate transportation we have conducted many efforts for the reduction of cash emission in the city and our efforts can be concluded from 5 perspectives. >> (speaking foreign language.) >> first, we set up the goal of achieving cash peak. >> (speaking foreign language.) >> at cop 21 pointed out that cashier emissions will peak in around 2030. >> (speaking foreign language.) >> based on a scientific analysis and calculations it is one of the earlier city to achieving 10 years earlier than the national goal and average. >> (speaking foreign language.) >> preceding in the current situation we're confident it we have the ability to realize the goal. >> (speaking fore

.) >> this is a city in east of china been shanghai the american female writers who is also the the nobelrize in litter she grew up in china for 18 years and described as her hometown in china. >> (speaking foreign language.) >> this morning i heard the speech by the government of california gosh and i agree with him very much we need to transfer our commitment to actions. >> (speaking foreign language.) >> so our apart from the separate transportation we have conducted many efforts for the reduction of cash emission in the city and our efforts can be concluded from 5 perspectives. >> (speaking foreign language.) >> first, we set up the goal of achieving cash peak. >> (speaking foreign language.) >> at cop 21 pointed out that cashier emissions will peak in around 2030. >> (speaking foreign language.) >> based on a scientific analysis and calculations it is one of the earlier city to achieving 10 years earlier than the national goal and average. >> (speaking foreign language.) >> preceding in the current situation we're confident it we have the ability to realize the goal. >> (speaking for

.) >> this is a city in east of china been shanghai the american female writers who is also the the nobelrize in litter she grew up in china for 18 years and described as her hometown in china. >> (speaking foreign language.) >> this morning i heard the speech by the government of california gosh and i agree with him very much we need to transfer our commitment to actions. >> (speaking foreign language.) >> so our apart from the separate transportation we have conducted many efforts for the reduction of cash emission in the city and our efforts can be concluded from 5 perspectives. >> (speaking foreign language.) >> first, we set up the goal of achieving cash peak. >> (speaking foreign language.) >> at cop 21 pointed out that cashier emissions will peak in around 2030. >> (speaking foreign language.) >> based on a scientific analysis and calculations it is one of the earlier city to achieving 10 years earlier than the national goal and average. >> (speaking foreign language.) >> preceding in the current situation we're confident it we have the ability to realize the goal. >> (speaking for

.) >> this is a city in east of china been shanghai the american female writers who is also the the nobelze in litter she grew up in china for 18 years and described as her hometown in china. >> (speaking foreign language.) >> this morning i heard the speech by the government of california gosh and i agree with him very much we need to transfer our commitment to actions. >> (speaking foreign language.) >> so our apart from the separate transportation we have conducted many efforts for the reduction of cash emission in the city and our efforts can be concluded from 5 perspectives. >> (speaking foreign language.) >> first, we set up the goal of achieving cash peak. >> (speaking foreign language.) >> at cop 21 pointed out that cashier emissions will peak in around 2030. >> (speaking foreign language.) >> based on a scientific analysis and calculations it is one of the earlier city to achieving 10 years earlier than the national goal and average. >> (speaking foreign language.) >> preceding in the current situation we're confident it we have the ability to realize the goal. >> (speaking forei

.) >> this is a city in east of china been shanghai the american female writers who is also the the nobelrize in litter she grew up in china for 18 years and described as her hometown in china. >> (speaking foreign language.) >> this morning i heard the speech by the government of california gosh and i agree with him very much we need to transfer our commitment to actions. >> (speaking foreign language.) >> so our apart from the separate transportation we have conducted many efforts for the reduction of cash emission in the city and our efforts can be concluded from 5 perspectives. >> (speaking foreign language.) >> first, we set up the goal of achieving cash peak. >> (speaking foreign language.) >> at cop 21 pointed out that cashier emissions will peak in around 2030. >> (speaking foreign language.) >> based on a scientific analysis and calculations it is one of the earlier city to achieving 10 years earlier than the national goal and average. >> (speaking foreign language.) >> preceding in the current situation we're confident it we have the ability to realize the goal. >> (speaking for

shanghai exchange link that has not been successful. part of the reason why, most of the money being traded is leaving china. ring hong kong versus shanghai. it is been trouble for hong kong's stock markets, but not for the chinese. they thought this would be a great cross-border league, but it has not been. there is a lack of confidence in china. pretty: it has been lopsided, and then glad you bring up equities. they did not add chinese shares like people might have the chinese looking for that to happen sooner than later, but the trend has not continued. they have a lot more work to do. they clamped down during that debacle a year ago, they clamped down on short, restricted capital out of the country. so all of that is negative for being included in a global index like that. to go fora long way china, a long way to go in terms of confidence back to those markets. overnight isuan less stable, given what is going on with brexit and the european economy, china will have a tougher time getting their exports out. they will have a harder time that means the currency is on the brink of a further depreciation. a bi

.) >> this is a city in east of china been shanghai the american female writers who is also the the nobelize in litter she grew up in china for 18 years and described as her hometown in china. >> (speaking foreign language.) >> this morning i heard the speech by the government of california gosh and i agree with him very much we need to transfer our commitment to actions. >> (speaking foreign language.) >> so our apart from the separate transportation we have conducted many efforts for the reduction of cash emission in the city and our efforts can be concluded from 5 perspectives. >> (speaking foreign language.) >> first, we set up the goal of achieving cash peak. >> (speaking foreign language.) >> at cop 21 pointed out that cashier emissions will peak in around 2030. >> (speaking foreign language.) >> based on a scientific analysis and calculations it is one of the earlier city to achieving 10 years earlier than the national goal and average. >> (speaking foreign language.) >> preceding in the current situation we're confident it we have the ability to realize the goal. >> (speaking fore

.) >> this is a city in east of china been shanghai the american female writers who is also the the nobelze in litter she grew up in china for 18 years and described as her hometown in china. >> (speaking foreign language.) >> this morning i heard the speech by the government of california gosh and i agree with him very much we need to transfer our commitment to actions. >> (speaking foreign language.) >> so our apart from the separate transportation we have conducted many efforts for the reduction of cash emission in the city and our efforts can be concluded from 5 perspectives. >> (speaking foreign language.) >> first, we set up the goal of achieving cash peak. >> (speaking foreign language.) >> at cop 21 pointed out that cashier emissions will peak in around 2030. >> (speaking foreign language.) >> based on a scientific analysis and calculations it is one of the earlier city to achieving 10 years earlier than the national goal and average. >> (speaking foreign language.) >> preceding in the current situation we're confident it we have the ability to realize the goal. >> (speaking forei

still down 5% for this week in china shanghai composite index up half of a percent. lauren: it's beenhiladelphia becomes the first major american city to slap a tax on your soda. the beverage industry vows to fight on. lauren: it's getting ugly of fire, so larger shareholder mr. kcal for directors and the ceo. the latest development. nicole: when i'm in spores. the nba finals rattled warriors star says curry and when the force game seven. the u.s. open late some of the top players in the clubhouse to stay dry in the u.s. men's team beat ecuador in the quarterfinals. lauren: 5:31 a.m. here in new york. friday, june 17th. you made to the end of the week. great father's day plants coming up. we are "fbn:am," your first look at today's market, latest breaking news on what to expect that they had. nicole: britain is in deep shock after a member of parliament was killed in history. 41-year-old jo cox was killed in northern england issue northern england future as an advocate for remaining in the european union. a 52-year-old man was arrested the police say it is not clear at this time with

shanghai china markets open in an hour and a half. shanghai composite ended lower. i'll also keep track of department store shares. we've been covering that story as well. back to you. >> thanks a lot. japan was once a wi-fi back water but it's increasingly connected and that means business opportunities for companies that know how to use these networks. nhk reports. >> reporter: a home game for japan's soccer league but they have one eye on another match. the other game is being followed on smart phones and tablets. >> translator: i'm watching our rival team's game. if they lose and we win today, we'll top the league. >> reporter: portable devices allow fans to keep track of what's happening in the league. it's the first club to offer free wi-fi in its stadium. that means not just better smart phone reception but added attractions. hungry or thirsty during a game, you don't want to miss a second of the action to go to a vendor, you can order food with a tablet and have the purchased delivered right here to their seats. fans can sit back and enjoy the game with their meals. the club has set up tablets in the premium seats. f

shanghai's new theme park, the first disneyland in mainland china. >> i want to go and see this ride. it's only in shanghai. the other disney parks in the world don't have it. i've been to all the parks. we've been looking forward to this one because it's the biggest and we are from shanghai. >> i think it's really lively here. it can make every girl realize her dream of becoming a princess. reporter: in a fairytale inauguration ceremony featuring communist party officials, a children's choir, and beloved disney characters, the chinese vice president, and disney ceo outeiger rode -- iger rode letters from president obama and president xi jinping. >> i write to welcome the grand opening of the shanghai disney resort. blending an american business with the beauty and rich cultural heritage of china. reporter: even the rain could not cloud the optimism. >> even -- in chinese culture, water represents wealth. we can say that it's raining dollars. billion: with a $5.5 price tag, it is disney's priciest attachment -- attraction yet. despite facing competition from other 3000 theme parks, tickets sold out in just two hours and there are no more available until next month. t

in china, financial services using smartphones began five years ago and have been rapidly expanding in the past three years. ja lei works for an i.t. firm in shanghaihief of the beijing branch, he has been going on business trips several times a year. his smartphone has become an irreplacement part of his routine. since online financial services began, jai hardly ever carries around cash. he uses the qr codes of various stores to pay for purchases. ♪ store clerks check customers' phones to finish payment. in china, there is no service charge for deposits within the same bank in a city. but a charge is applied for remittances from bank "a" to bank "b." financial service companies using smartphones have partnerships with all banks, enabling individuals to transfer money between any bank without paying a charge. now any small vendor in beijing can allow payment via smartphones. that's because no equipment is needed. sellers simply download apps on their smartphones, register their bank account and personal details, and print out a qr code which customers scan to pay. even street vendors can enable smartphone payments. this is the apartment where jai l

been a really tough week for disney. you had this alligator attack. the focus was supposed to be opening this huge new disney world in china in shanghai. you mrs. ve something of a tie to the pulse nightclub attack. we know there were signs that he might have been casing disney properties as well. does this impact the company measurably. >> it was supposed to be their best week and it was the worst. >> bob iger, the ceo of disney was over there. they were opening this $5.5 billion resort in shanghai. he was able to reach out to the family, get them on the phone and express his condolences. there was speculation about whether with this gator attack whether there will be a lawsuit against disney or some type of settlement. the family says they cannot speak. they can no the speak. they have nothing to say at this point. all that talk about lawsuits is way down the road. for now, for disney, this has been an ugly, very bad week for them reputationally. it is unlikely to have long-term implications. as one of the popular disney blog wrote, part of the experience of going to disney world is to be close to nature. the worst case outcome as we saw in th

china will continue to diverge. we have been seeing this recovery. shanghai also extending losses into the afternoon, down by 1.5%.these names also saying selling coming through as well. regionally, we are down 2% on this monday session. quickly before i go, the biggest loser coming in from tokyo. the yen story. doubling down the losses. sex company continues to battle this. -- sacks company continuing to battle this. anna: factory output and consumption held up even as private investment flowed. let's get more with malcolm scott. he judges from hong kong. tell us the big -- he joins us from hong kong. toast the big picture there. malcolm: you through all of the big numbers together and not much has changed in the month of may. let's break it down. on the factory floor we had production up 6%. that was right in line with the month earlier and what economists have been expecting. sales up 10% in may from a year earlier. that in line with a month earlier and what economists were looking for. -- a big sliding growth in private investment. that is a worry. it suggests that investors are not buying into this story. gov

china markets open in an hour and a half. many will be watching how some of the key indexes there trade. the shanghai composite has been a bit volatile this week as well. for now the nikkei and the positive. back to you. >> thank you. >> moody says the delay further calls into question the country's ability to meet its fiscal goals. mood's rates japanese government bonds at a1. that's the fifth highest grade. the tax hike decision together with a fiscal stimulus package will be a negative factor when it assesses those bonds. it says abe's administration will forego additional revenues around 1% of gdp per year by delaying the tax hike to october 2019. moody said the cost will prevent japan from meeting its fiscal targets. it will change whether to decide the rating after it examines the policy statement which the cabinet decided on thursday. >>> an ebola outbreak in west africa a few years ago showed the potential danger of a global pandemic. the risks are economic too. the wall bank says a severe outbreak could cost up to $570 billion a year to fight. that's 0.7% of global income. the world bank has launched a new fin

china. own and 82% stake in the airport. shanghai has known to been is no name for the successful bidder. there will be a briefing later today. man has died on australia's east coast, forcing residents to leave their homes. trench lorraine has caused flash flooding. -- torrential rain has caused flash flooding. after had to be rescued ignoring warnings not to drive through floodwater. powered by 2400 journalists in 150 bureaus around the world, this is bloomberg news. rishaad: coming up, the philippines looking to beef up online security after a hack attack. stay with us. ♪ ♪ this is "trending business." financeippine's minister says president duarte will make strong gains in anticrime. dominguez also says he is developing tax reforms to create a more equitable system. >> these tax brackets that have been developed were developed almost 20 years ago. the years,ough because of inflation, it has become rather inequitable. we want to make the tax system more equitable. and exemptionss will be much higher than the cap now.eso rishaad: the philippines has

shanghai, china. we are counting down to the grand opening of shanghai disney resort and the festivities have already started. we have fireworks have been didn't get tickets. that's why we're still outside. here's a look at how all this came to be. ♪ it's the first ever disney park in mainland china. this week opening its gates to the world. >> ladies and gentlemen, it is my privilege to present shanghai disney resort. >> reporter: 17 years in the making. disney chairman and ceo bob igor's epic undertaking today a sparkling reality. you're here on the cusp of the opening. is it everything that you anticipated it to be? >> it's everything i anticipated it to be and more. what our people have managed to accomplish is well beyond what i ever marchinged possible. >> constructed by more than 100,000 workers. it's home to disney's biggest enchanted storybook castle ever. disney's chinese partner projecting 10 million guests annually. tickets to opening day selling out in just hours. over a million people have already come here just to catch a glimpse over the gate. that's before the gates have even officially opened. the mass transit rail ext

been doing well in china. adidas believes it will do quite well. it's greater china sales in local currency grew 18% to $2.7 billion. revenue and shanghaime as what they get from and hong kong. in germanres did well trade overnight, up 2%. bit worsee a little over the year, but they are starting to see a lot more interest as chinese are becoming more health conscience. ,ishaad: right, coming up sterling completing its worst quarter in seven years. we look at the prospects and light of britain's vote to leave the european union. advancing equities with the nikkei 225 trading 1.5% up. ♪ ♪ announcer: from our studios in new york city, this is "charlie rose." charlie: we continue this evening with our coverage of britain's exit from the european union. thursday's referendum decision has set off a chain of a series of consequences. the pound has fall be 88% again -- has fallen 11% against the dollar in just two days and the s and p has downgraded britain's credit rating. the dow fell another 1.7%. political unrest has also

shanghai. the chinese markets have been fairly protected or sanguine about the results of these from the u.k. referendum. the china markets feeling pressure. closing the morning session down by 3%. the latest futures pointing to downside. when we reopen in about 25 minute or so, as much as a 6% decline. currencies are driving what we're seeing in equities but things changing minute by minute. >> thank you. results so far in the u.k. referendum subject a far closer race than the opinion polls had implied. let's go to negligence ra. -- this is a trader on the barclays trader in hong kong. people are just in awe of this selloff. how are things panning out? >> yeah, well we are seeing leave pull ahead. you mentioned another thing to watch on the sbloob the brex go function. leave ahead. remain at 58.65%. what i have been watching and what is astounding how this has change throughout the night is the odds checker probability of a brexit. we're now at a 90% probability of a brexit on that odds checker. this was 90% bremain before we had a lot of these results in. we're seeing a real turnaround here. results coming in as

you can say similarly in australia, it's been a fellow fish and also in shanghai. i are and also the fact that china custody. a number of those hitting that 10% daily limit. we have seen the fallout caused by the briss it. also hearing hong kong bhaws that's the asian market most closely in sbrin. so we have to stay in downtown pacific. she will call holdings count load by 2.4%. there has bhn an on soid on this news out of china. we've seen in japan, solid games. the any ke closing just now at the best levels in two months since april 21st. and you can see a lot of money going into those defensive players like healthcare and also telecoms. d looking ate the -- down by 144.10 of one person. they responded to that surge by wakening its currency fixing from the lowest since we see the summer roud of 20 show. and the japanese yen if you till see a few clocks. 101 came very close to getting out out of that level. thank you. >> anna: it's going to be a busy day for berlin. holds . president also her discussion and the italian prime minister. caroline hyde. goods morning, again, isn't it ready to have the

been introducing restrictions in lending centers, including shanghai and shenzhen, where prices have been surging. let's discuss all of this. when you take a look at the portfolio of investments you have in chinaue or are you looking to expand? >> we tend to focus on commercial properties, offices and retail. i don't think were out of the woods yet here it on the commercial side -- yet. on the commercial side, offices in tier one cities, starting to see a bit of a resurgence. angie: why? >> the main reason is lending is starting to open up slightly. , there isrations side still good demand for office space. the good shopping centers are still good for retail. in tier one and on the retail side in tier two. a's economy is slowing down. if you are in the luxury goods in, that is not a good spot to be in right now. we are seeing that in hong kong. , middle market retail, there is a lot of perspective. we have a shopping center that caters to those sort of brands and it is actually doing well with 90% rate growth. angie: anything that taps into that service sector rebalancing? >> exactly. the middle market economy is what you have to go for. super high-endg fashion, jewelry, watches, that's not a

authorities in china have evicted hundreds of shanghai asidents as dozens -- in effort to clean up the air and make way for the newest disney theme park. hundreds of employees of closed factories have beenorced to look for their next job. shanghai disney opens thursday. that is your latest bloomberg business flash. that's head to the markets desk where julie hyman have the latest. julie: i am taking a look at synchrony financial which is the worst performing financial in the s&p 500, down eight and a half percent after the company said it was setting aside more money for loan losses. they said the loss rate in its portfolio is at historically low levels but they very recently finished their loss forecast and are expecting a 20 to 30 basis point increase in the net charge-off rate over the next 12 months. investors were caught offguard and those shares are down sharply. it is pulling down other credit card related companies today. capital one financial down by nearly 4% as there is concerned that this kind of thing might spread potentially to some of the other credit card issuers. welle looking at 80 yes as well,e shares -- ads as , a downdraftdown from what is going on with synchrony. m

seen companies head kwart quartered shanghai makings a big impact like this in the past that i can recall. at least the knock had been, oh, well, regionally, in china an impact, and a global impact here. do you believe you have cracked the code and we will see more of that innovation? >> yes, the world is more flat in the mobile world, and yeah, we believe in that more companies like us designing in ch china and coding there, and we will get the global success. so i think that, you know, we get started from the united states, and then go into the europe market, and then we got a rise again in asia as well. so you will see more and more, you nknow like a small team lik us building the innovative products liked by people all over to the world, because i believe in that, that the minds and the people's needs are actually universal. >> hans, how can you tell whether a chinese company is going to be able to break through when you are investing and maybe have that global impact? is there something that you can see right off of the bat that indicates it >> well, looking at the team that has experience in the chinese market and people working in the u.s. f

been a most unexpected to prompt any major shift in the administration's iraq policy. nicole: we begin with asia. one down arrow. japan nikkei down half of 1%. and china's shanghai composite index gained 1%. costs and create a path a percent and hong kong's hang seng up half a percent. tomorrow great britain goes to the polls in britain will vote on whether they want to and the european union. consequences will be felt across the globe. the reince -- the cac in paris g wealth or a quarter of 1%. trade to the club sits on pins and needles over the next 48 hours. s&p futures has been changed at this moment and the nasdaq up one point. we gained 154 points in the last two trading days. lauren: u. of gold down about $3. let's check out how the dollar is very making the other key currencies. the pound at 146. the euro from the u.k. pound, canadian dollar all stronger against the u.s. dollar this morning. lauren: topi interesting to see the board after the vote. standing up 1.69%. trade to the final day of campaigning as british voters head to the polls tomorrow to determine if the united kingdom will remain a member. life in london getting the very latest. good morni

a nervous investor around china and prefer to invest in what i think are high-quality businesses with a reasonable chinese exposure. guy: the rise and fall of shanghai has beenular to watch. mr. miller is on set with us. matt, this chart, this would frighten a few people. this is effectively moving averages in the way the market moves. and we have seen some nervous points that point towards some big sells. are we getting one now? matt: the 50 day average is coming down below the 200 day moving average. i'm not a technical analyst, but you are and you say you notice something even more sinister in this chart. >> even got to be careful with moving averages with markets which are sort of trending sideways. and you can clearly see that here. however, the two dead crosses from the left, the 200 day is falling. and one on the right is beginning to rise. the reason we use the 200 day chart is because that is the average of about the last year. that is why they tend to use that number in my opinion. generally speaking, the average is very slightly o on the up. therefore, that cross you could be seeing there, i'm not so sure about it. clearly, it is a warning signal,

been signaled. those are just a few of the points mohamed el-erian made. the msci has decided not to let china into its benchmark indices. we saw an initial decline of 1.1% of the shanghaite but it is likely that state back to buying has boosted the index. policymakers need to make additional improvements to accessibility of the shared market. a disappointment for those in china who were expecting to be accepted into msci. crude oil down for the fifth day, the longest losing streak since february. wti down 6%. inventory rose 1.2 million barrels last month. later today we get the eia inventory data, stockpiles likely declined by 2.3 3 million barrels last week. it is up by 80% from a 12 year low in february. francine: mark barton with your asset check. u.k. chancellor george osborne well-worn that leaving the eu -- will warn that leaving the eu could spark an economic crisis. remain supporters are battling to turn around a referendum six of theich has opinion polls giving a lead to the exit campaign. we welcome matthew good when and graham sharp -- and william hill . graham, let me start out with you because the bookies and polls now have the brexit slightly ahead. graha

been down 10%. looking at asia, the nikkei in particular in japan down 8%. shanghai composite in china 1.3% losses and hong kong and hang saying for print. korea, cosby 3% of the downside. nicole: the market reaction, oil prices sinking 4% down $2.14 trading just under $48 a barrel. the worry is a slowdown in global growth and then the safe haven of gold rallying, gold prices up 4.5% to $1318 an ounce. lauren: the british pound sticking to its lowest level since 1985. also the selloff was the biggest ever on record. nicole: investors looking for safe places to park their money checking out the yields plunging 2.4 basis points, 1.5%. >> it is for.02 in new york on june 24th and we welcome you to a special edition of "fbn a.m.," the latest breaking news on what to expect. joining us now the managing director of operations at devalue execution services and we are excited to have him with us, he will be joining us shortly to have some discussions, he has an trading action in the lowest points of the market. nicole: we want to get a look at reaction from around the world, front-page headlin

china of course with the world's largest population. kayla. >> it is quite a fascinating open for what has been a long and expensive project for disney, and heartbreaking week for the company though. eunice in shanghaiith the opening of shanghai disneyland. >> yes, and i want eunice to give us an update on the turkeying wills, and how they are selling. >>> and this morning, we will talk to the ceo's first interview right here on cnbc, the company of amd. i was working in the yard, my chest started hurting and i thought, well, you need to go to the doctor. i was told that is was cancer, and i called cancer treatment centers of america. dr. nader explained that they can pinpoint the treatment. once we identified that there was this genetic abnormality in her tumor, we were able to place her on very specific therapy. our individualized care model gives each lung patient specific treatment options with innovative procedures that are changing the way we fight lung cancer. we have excellent technology that will allows us to perform very specialized procedures for patients who have lung disease. to learn more about these targeted therapies and advanced procedures for lung cancer, as well as the experienced

. >> china eastern airlines even customizing their fleet complete with flight attendants decked out in disney outfits. >> the people of shanghai are very proud of receiving disney. so this has beenny, many years and people are just impatient to see it. >> reporter: just outside the park, disney town. open just over a month ago it's already a huge hit with world class shopping and dining and overlooking the idyllic wishing star park. and as the clock counts down to the grand opening, inside the finishing touches are under way. fresh touches of paint and last-minute polishing and troops of dancers rehearsing to get the magic just right as disney makes china its newest home. >> it's going to be quite a spectacular scene when it all gets started a little bit later on this morning there will be fireworks at 7:30 in the morning eastern time. >> quite the celebration. >> it's nighttime there. >> 700 culinary cast members. 700 different places to eat there. 99 acres. the parks, the lake, >>> good morning. i'm diane macedo. >> and i'm kendis gibson. we're following breaking news this morning on "world news now". a frantic search underway at this hour at walt disneyworld in florida where

been reports of competition in the themepark business from china. from people like dreamworks. how much of that will be a threat to the growth of the shanghai park? of it but you also want to be mindful that 57% of disney shanghai is owned by the chinese government. interest entity which is why disney consolidates it. and in the long, long, long run -- with the government as a partner, that is a powerful ally. david: there has just been eight tragic incident down in orlando where the alligator came up on the beach and seized a two-year-old child, who died. now that is a terrible tragedy. could something like that have an effect overall on the themepark business? brian: i think that would take a real travel expert to identify. when you have such a tragedy -- there is always some risk. but i think that it probably doesn't have a huge impact, overall. david: coming up to what does have a big impact. espn and the other basic cable companies, what are the prospects for growing that business? as you say, it is growing but not as fast as it was. what about international? are there other things they can do to get it moving as quickly as it was before? be

been up about 3% the day before. in paris, down .36%. you can see there in too, in asia, the markets up. for the nikkei. but down in china with the shanghaiey're saying opinion polls suggesting that britain would perhaps stay in the european union, but we don't know at this point. now, the final debate of the campaign will happen in front of a live audience tuesday night at wembley arena. phil black joins us now from london with the details. so, phil, global markets reacting. they were reacting positively. today, not so sure, certainly as european markets open. but there was a suggestion that britain may vote to stay in the eu. but just how close is this, and how is this final debate likely to impact the outcome? >> reporter: rosemary, there has been talk of a shift in momentum back to the remain campaign, especially since the shooting death of the british mp jo cox last week, someone who was very firmly in favor of britain staying within the european union. but polling suggests it is still simply too close to call. so these final two days of campaigning are all about securing the undecided, the waverers, the people who are yet to commit

shanghai park. it's a somewhat affluent part of the chinese economy as well which has been flowing lately. the chinese are spending more on recreation and entertainment. and that's the long game. that chinarm, analysts are excited about that china story. >> one of the smartest ceos a decent human being. he'll do what needs to be done. >> sara eisen, thank you. >>> coming next, 12 months of trump's candidacy boiled down to 49 words. no, only lawyers do that. so when you got rear-ended and needed a tow, your insurance company told you to look at page five on your policy. did it say "great news. you're covered!" on page five? no. it said, "blah blah, blah blah blah blah blah..." the liberty mutual app with covera compass makes it easy to know what you're covered for and what you're not. see car insurance in a whole new light. liberty mutual insurance. real is touching a ray. amazing is moving like one. real is making new friends. amazing is getting this close. real is an animal rescue. amazing is over twenty-seven thousand of them. there is only one place where real a amazing live. amazing is over twenty-seven thseorld. real. amazing ♪ using 60,000 points from my chase ink card i bought all