senator david johnson, thank you. >> caller: thanks, chris. >> joining me now u.s.representative from california javier bacera. it's unfortunate my comments have been misconstrued as a categorical attack as a mexican heritage. i'm friends with and employ thousands of people of mexican descend. based on rulings i received the trump university civil case i feel justified in whether i'm receiving a fair trial. your response to that, that's a statement from trump. >> i feel like i'm hearing those declarations -- some of my best friends are black. some of my best friends are latino. it was probably more than 500 word statement. i haven't had a chance to count the words, but it was long. never once does he say "i'm sorry" never once does he say those were resiacist remarks ane didn't mean to be racist. to me he's simply excusing. this is a guy with thin skin. it takes him 10 to 12 paragraphs to try to explain his racist remarks. it didn't work. so here we have a situation where republicans are moving forward with the racists. they condemned and said it's wrong and it's of

what we don't know at the minute is who will be the new prime minister, who will succeed david cameron. johnson, the former mayor of london is the brexit favorite, but that is still to be seen. but that prime minister will be unelected by the people of great britain. so that's the prospect in the next few years. if you like to party on your boat, police have a warning for you this weekend. >>> also on the loose, a bear on the run at a zoo. details on how that happened, coming up. >>> the forecast for the rest of this weekend. erica grow has some great news. ?? the ford freedom sales event is on! with our best offers of the year! ? i'm free to do what i want...? and 0% financing is back! on a huge selection of ford cars, trucks and suvs. plus get an extra $1000 smart bonus on specially tagged vehicles. that's freedom from interest... and freedom to choose with ford. america's best selling brand. ? i'm free, baby! ? now get 0% financing plus a $1000 smart bonus cash on specially tagged vehicles. only at the ford freedom sales event. ? feel free...? >>> well, boaters in the tri-state are being war

getting headlines from apple and we will be checking in with cory johnson at the worldwide developers conference. down aboutle stocks 1.4%. david: a lot of reports about what might happen with siri, the ai apple has moving to the desktop. let's bring in cory johnson who joins us from the apple worldwide developers conference in san francisco. take us through the announcements we have had thus the makeoverabout series was due to get. what have we learned? the biggest news is probably siri moving from the ils, which is the operating system that runs the phone and ipad and expanding to the macintosh operating system and allowing developers to think about ways to write programs to use siri in ils and when they are writing for the macintosh itself. this opens it up to more integration. it was thought to be a competitive advantage because it only works on apple stuff. it a been thinking about ways companies can regulate that and think siri has gotten to a place where they could do that. i think siri is a very hit or miss product for a lot of people and apple is hoping maybe more users would mean more success for that roddick. vonnie:

makeup to resume a and boris johnson will today make their pitches to secede desk to succeed david cameronmay lead to johnson among tory party members. that is according to a poll. governorof england mark carney is stepping up to face the brexit crisis and he will speak to members of the media and finance industry later in a message of reinsurance -- reassurance. united overseas bank, southeast asia's third-largest bank by assets says it will hold lows for per just for property purchases in london due to the uncertainty of the brexit vote. they will assess to determine when it will reinstate its offering.perty loan italy is set to double the amount it is putting into its bank refuge fund. fundaper said the atlantic will be recapitalized with as much as 5 billion euros. it says the fund has spent half of its initial or .3 billion euros to support the country's troubled lenders. we will be talking to demand at the very center of the italian banking system. he is claudio costamagna, head of the country's estate lender. global news, 24 hours a day, powered by 2600 journalists in more than 120

brexit campaign, boris johnson says he will not run to replace david cameron. st he does people in the race will lead conservatives. backed, the men who had horse johnson during the campaign. the death toll from the terrorists attack at the airport is now at 42. three susuicide bombers who carried out the attack were of russian and kurdish nationality. the black box that crashed into wassea in mayay shows there smoke on board before the plane went down. the voice recorder from the plane is still being repaired. time now for our business report. we are starting in france where the president started -- promised new tests. wouldsaid the tax cuts cost 2 billion euros but france would still managed to make its watch it target of tube -- 2.7% next year. france passes public spending watchdog wednesday said france was spending too much money on new initiative. the brexit would have an effect on the french economy and he said france must adopt rules included on tact. if he wants to -- in paris. it is just in the neck of time. they have been struggling for some time with

. >>> boris johnson says not interested in taking over for uk prime minister david cameron. johnson is the former london mayor. johnson says he could not provide the leadership needed to steer the country, after leading the e.u. >>> nine are facing disciplinary action, after two patrol boats were seized at gunpoint in iranian waters. investigators say the sailors didn't even know they were there, back in january. the new report suggests, shoddy navigation. maintenance shortfalls. and a troubling lack of oversight. >>> murder charges tonight, filed against a minnesota man, accused of killing the man who allegedly raped his girlfriend. joseph thorrenson is accused of beating, stabbing, and then decapitating the 20-year-old. the victims' remains were recovered in ad wood -- in a wooded area. bail is set at $40 million. >>> officials are one step closer tonight to figuring out just what caused egypt air flight 804 to crash into the med mediterranean. the flight data report indicates there was smoke on board the plane before it crashed last month. now, officials are working to cle

johnson come out triumphant, because he did not the terribly site -- site about vote?hed about the brexit mark: it was unlike camp. it was just after the referendum results. he praised david cameron. you will not get a jubilant doris johnson on friday. this is a man who is of course very likely to announce his candidacy to the next leader of the conservative party this week. that is according to the sunday telegraph. the sunday telegraph also headlines the tories are at war. those members of the conservative party that are close to administer david cameron, they are not happy with boris johnson three they are not happy with michael goad. these are two members of the lead -- the lesser campaign to take britain out of the eu. is teresa maybe the home secretary, the alternative to david camera. let's not forget this week, doris johnson -- boris johnson will announce his candidacy. it is also known that boris johnson will not, i say, will not collect second election. what are we in for after quite an astonishing three days here in the political scene? mark: losers -- matt: losers aren't happy with the way things go down, but you have seen more celebration from the winners. we

david: cory johnson joins us. let's start with what india announced today. what rules changed?ring 30% of their components to be manufactured in india. the company is going to get some leeway. they will see three years as much as five years of the way to achieve that goal for the component manufacturing. therefore, if apple sets forth a plan to manufacture in india, they can start selling their now with the goal, of course, getting to that 30% being manufactured in india. what that means is they can grow a lot faster if they choose to do so. plus, they have to reapply and start the process over again. vonnie: why is it a big deal for apple to do that? sure, there is a one-time expenditure. apple is getting a deal for its 30% of manufacturing components. the manufacturer of apple products is one of the great accomplishments of the company over the course of 15 or 20 years even. they have not had think inventory problems. companynever seen a like this, managing the supply chain so well, and this has allowed them to go to the places to manufacture at the cheapest level and to chan

. >> if david k johnson and cody cain, thank you for joining us. >> coming up, donald trump, tried to win over some christian conservatives today. why why he tried was to question whether or not hillary clinton has religious bleefrs at all. and another reason to be worried, the bankruptcy of of the campaign treasurely. >> the vp stakes for hillary clinton. when was the last time a democratic nominee did at any time pick a united states senator as a running mate? the short list is coming up. man 1: you're new. man 2: i am. woman: ex-military? man 2: four tours. woman: you worked with computers? man 2: that's classified, ma'am. man 1: but you're job was network security? man 2: that's classified, sir. woman: let's cut to the chase, here... man 1: what's you're assessment of our security? man 2: [ gasps ] porous. woman: porous? man 2: the old solutions aren't working. man 2: the world has changed. man 1: meaning? man 2: it's not just security. it's defense. it's not just security. it's defense. bae systems. >> seth meyers talked about meeting donald trump. >> i was doing the "today" show

boris johnson dropping out of the race to become britain's next prime minister. the bookies call him the favorite to replace davidnson's announcement coming after a close ally, britain's justice secretary, decided to drop his support and run himself. johnson decided he was not the right person to unite the conservative party. the brexit vote prompted cameron to quit after he failed to convince british voters to say the eu. the conservative will announce his replacement in september. >>> for in the first time in the american history the military will allow openly transgender people to serve. we'll have details on the defense secretary's big announcement. and why u.s. officials are telling some folks they shouldn't drive their cars unless they're going straight to a repair shop. ♪ i don't want to lie down. i refuse to lie down. why suffer? stand up to chronic migraine... with botox®. botox® is the only treatment for chronic migraine shown to actually prevent headaches and migraines before they even start. botox® is for adults with chronic migraine, 15 or more headache days a month each lasting 4 hours or more. it's

. >> if david k johnson and cody cain, thank you for joining us. >> coming up, donald trump, tried to win over some christian conservatives today. why why he tried was to question whether or not hillary clinton has religious bleefrs at all. and another reason to be worried, the bankruptcy of of the campaign treasurely. >> the vp stakes for hillary clinton. when was the last time a democratic nominee did at any time pick a united states senator as a running mate? the short list is coming up. it's reliable uptime. and multi-layered security. it's how you stay connected to each other and to your customers. with centurylink you get advanced technology solutions, including an industry leading broadband network, and cloud and hosting services - all with dedicated, responsive support. with centurylink as your trusted technology partner, you're free to focus on growing your business. centurylink. your link to what's next. ♪ it's here, but it's going by fast. the opportunity of the year is back: the mercedes-benz summer event. get to your dealer today for incredible once-a-season offers, and s

johnson was one of the lead campaigners for britain to leave the european union. he was considered the front-runner to secede prime minister davidron. johnson says he'll give support to the next administration. >> to make sure that we properly fulfill the mandate of the people, who were delivered at the referendum, and to champion the agenda i believe in. to stick up for the forgotten people of this country. >> now that johnson's name has been taken off the list of front-runners in the race for prime minister are justice secretary michael goal and home secretary teresa may. >>> and a wildfire is spreading quickly in idaho. it started overnight in an area called table rock in boise. theç winds made it difficult f firefighters to fight these flames. no mandatory evacuations have been put in place, but nearby residents are being asked to leave. no word yet on what sparked this fire. >>> delaware officials are warning swimmers about high levels of bacteria in the water at bethany beach and dewey beach. the beaches are still open. the department of natural resources and environmental controls say the elevated bacteria are due to inc

>> give us a sense -- morris johnson broke with david cameron and picked up the lead mantle here ande has been successful. this is really pretty huge. >> it is absolutely massive. he is supporting david cameron now. he said because they voted to leave, david cameron can't remain in his possible. there's no doubt boris has always had big as respirations, when he ousted ken livingston. he's a big thinker. he's educated the same as david cameron and george osborne, the chancellor, they both went to oxford but boris' personality is much more of the working man, even though he's talking in absurd latin phrases all the time. >> this lead campaign that he was a part of was a populist movement, some of the very same themes you're hearing from donald trump, immigration, trade and the economy. >> yes, but i would say in boris' defense there that i'm no huge fan of donald trump that he was very careful to stay away from the xenophobic attacks on donald trump. >> he was but -- >> no, no, i'm agreeing with you. >> there are parts that were far more -- >> 100%. i would bring up douglas carswell. h

david: thank you, cory johnson.g report on bloomberg today, microsoft pairing up with linkedin. a great story on the terminal. thanks to cory johnson. you can see more on "bloomberg west." david: we are watching stocks parent losses. can they come back and close in the green? ♪ .. it's a p.m. in london and 3:00 a.m. in hong kong. >> welcome to bloomberg markets. ♪ >> from bloomberg's world .eadquarters, i am david gura funny bank and i'm vonnie quinn. : and i am vonnie quinn. the biggest u.s. airlines got burned on oil prices. they missed their chance to lock in the cheapest energy costs in years. david: regaining control of viacom. who is running the company? vonnie: we are one hour to the close of trading. >> we're talking about the s&p of 1%.t losing down 2/10 the worst performer has seen the nasdaq 8/10

david herro. ♪ ."y: this is "bloomberg i am guy johnson alongside jonathan ferro. joining us now is david owen.ems the u.k. economy could face. how do you see it? that: the first point is there was much the referendum the old into the data were looking at. now we are looking at high risk going into a technical recession. now we have the period of heightened uncertainty and slow recovery. at the end of the day, we could drop two quarters. but once we trigger article 58, which will not happen until , which, -- article 50 will not happen until october, potentially, a the u.k. will be weaker. about if a big debate it is a good or bad thing to hold off until october. is it a good or bad thing they are holding off? david: at the end of the day, we know that article 50 will not be triggered for some time. david cameron made it clear it will not happen until a new p.m. is in the seat. we also have to put in play negotiators. we also have to do primary talks with our eu partners. once we check your article 50, it is clear that the eu countries are in the driving seat. particularly in the service sector.

yvonne: who is it going to be if not david cameron? morse johnson?: obviously supporting his prime minister. [laughter] john: i'm not going to get into that. certainly, we think that the u.k. government will have to resign on the back of this, if indeed the referendum is in the leave cap. rishaad: what are the longer-term market applications of this? becourse, you have to talking to your clients this morning. what will you be telling them? john: we went into this referendum underweight equities. our clients are already from an asset allocation perspective underweight equities, for which we are grateful for. and we will likely now go more underweight. yvonne: how long? john: we will look quite cautiously at markets in europe and the u.k.. low, it is hard to get particularly excited. i think credit is a bigger risk. rishaad: everybody has been rushing in there the forehead. is the major that takeaway. the u.s. dollar -- do you think that the economic fundamentals supported? the dollar should be the main beneficiary. john: i think the swiss franc is lik

johnson, she would have a 17 point lead. so, i think those could possibly be two of the reasons. there are you heard, now five conservatives hoping to replace davidameron in september with boris johnson out, the front runner is theresa today.o launched her bid we look back at her career so far. may began heresa career at the bank of england before diving into politics in 1986. one decade later she became and mp and in the conservative party's chairwoman in two thousand two. david cameron promoted her to her current post of home secretary in 2010. she has built a reputation as stern, tough, and efficient, speaking in the wake of the london riots -- .> 525 arrests already more arrests are being made today. as we speak, arrests are being made. reporter: she is particularly tough on immigration, cramping down on asylum seekers, introducing measures that make it more difficult for them to stay in the u.k. and is described as chilling and bitter by ngo's did financing her bid to become prime minister, she has emphasized setting herself apart from the other conservative mps educated at private schools. >> if you are from a working-class family, life is

david cameron got a first class honors degree. charlie: at oxford. the competition goes that far back? >> it's got serious history. they got warm both of them -- form both of them and boris johnsonelieves he is more capable than david cameron. he is ambitious and i believe having known and talked to him about his position on europe for a number of years that he's not anti-european. he likes to have his cake and eat it. charlie: greg, reflect more on terms of contagion here. >> i think one of the reasons you've seen people, especially here in the united states looking at the full election, have been so flummoxed by the result is trying to understand what it is in the populous that would drive them to this result. a lot of studies showed fairly clearly that brexit was going to leave 5-10 years from now and yet they voted for it anyway. when it comes to our fall election, for example, there are those on the left and right side that believe donald trump's policies would be bad for the country, especially on trade. but when you look at the result, from britain, it appears that a lot of voters don't care. maybe the ones who never benefited from globalization so they're not going to lo

certainly, there replacement for david wright in that regard. kelly johnson, in the last six years, has changed teens ten times. five of via trades, five via free agency. now facing a former met farmhand in alvarez. >> kenny: speaking of david wright, terry collins also told us he is expected to be back in new york when the mets return from this road trip. his wife is due, and david will the mets, even though he will not be able to play following surgery. fastball in for a called strike, 1-1 with curtis granderson waiting on deck. top of the 11th inning, no score. the braves are 5-7 in extra inning games this season. the mets, 2-2. >> tom: alvarez was released from the mets minor-league system. the braves picked him up. he through eight innings in the minors, and they said, on up to the big leagues, son. even he was surprised how quickly it happened. >> kenny: first time since 1995 the mets and braves are in the atlanta pen. the 3-1 to kelly johnson. johnson with a drive, deep-right field, it is gone! a pinch-hit home run off the bat of the former brave here

boris johnson, incidentally, the favorite to take over from david cameron, now opponents to boris johnson in government, they're starting this anything but boris for prime minister campaign to try to prevent boris from taking over in that post. back to you. >> all right louisa bojesen, thank you very much, live from london. >>> the backlash over the brexit is spilling across the atlantic as hillary clinton slams donald trump for his reaction to the outcome of the referendum. speaking at a conference of city mayors in indianapolis yesterday clinton, without mentioning trump by name, took a swipe at her presumed opponent, and his reaction to the uk's decision. >> we need leaders like yourselves, at the local and state and federal level, who understand how to work with other lead eers, to manage risk who understand that bombastic comments in turbulent times can actually cause more turbulence. and who put the interests of the american people ahead of their personal business interests. >> the attack didn't stop there. clinton's campaign has released a new ad accusing trump of caring more about

david: guy johnson. amanda: german bund yields dropping to a record low. matt miller is in london with the latest. fascinating this morning with guy johnson to watch the yield just drop down on the bund, down to as low as point 030%. 31 hundredths of 1% is what you are getting paid. michael leister, an analyst with the number one ranked primary dealer with the ecb says he sees the bond dropping to negative territory, zero possibly within this week. if it goes negative, it will add to the $2 trillion worth of european debt that is already there, and germany joins japan and switzerland as far as countries that have debt that goes all the way out to a decade in maturity with negative rates. as investors run for cover, to have all of these concerns about the slowdown in job additions in the u.s. to the brexit vote in europe. amanda: matt miller in berlin. david: chinese exports stabilized and imports hint at enabling demand. curran.eak with enda what are people finding encouraging in these numbers? ? chinese exports are not getting worse. we saw better shipmen

>> there is no guarantee boris johnson will succeed david cameron.ain votes for brexit david cameron's authority will be greatly diminished and i agree he would very much likely have to resign. however, senior year skeptics are collectively making noise they would quite like david cameron to remain while those negotiations over a new trade agreement again, and so that potentially when alter the timetable slightly. we would intentionally have david cameron until the end of the year as the conservative party prepares for a leadership election, and the skeptics like boris johnson, they will be jostling for position to replace cameron. there is no guarantee he will go immediately although i agree that is the likely assumption. francine: what is the percentage, is there a percentage where you think david cameron will be safe, a question of bremain? matthew: i think if you believe the media reports he is being advised in needs at least a 10 point lead to put this question to bed for a generation. if bremain squeaks by a couple of points, he will still be u

the brexit campaign leader boris johnson will launch his bid to replace david cameron as conservative leader. johnson is gathering the names of lawmakers who will back him. lie isve campaign out being urged to challenge johnson, though he has not said he wants the job. 15 somali people killed when islam it extremists -- islamic extremists stormed and mogadishu hotel. security forces pursuit of the attackers to the hotel fell top assault. hours long donald trump says he would not characterize his proposed policies as including mass deportations. in scotland, the likely presidential nominee told reporters that other than a blanket ban on muslims coming to the united states, a position he took in late 2015, he would focus on countries with links to terrorists. he said he was start from scratch on the sweeping transpacific partnership trade deal. in new clinton marched york city's annual gay pride parade. it began with a moment of silence for victims of the mass shooting in orlando, florida. if vince throughout the nation saw unprecedented levels of security. global news 24 hours a day fr

a person came into the newsroom and said boris johnson is going for out, and the rest as they say is history. david cameron looks to be finish, one way or the other. if boris johnson the guy to take over? we are outside the famous house in london. richard, what is happening there? when are we going to see mr. johnson this morning, boris, rather than his dad. said, we know he is inside. boris johnson watching the television with his adies. he may have wished his father was there. you can see a future amount of interest, people turning up and waiting to see a boris is would come out and speak. you remember that media scrum outside of his house when he first opted to join the leave campaign, similar scene this morning. is adies telling us he may wait for the prime minister to speak. to talk on the half of the vote leave campaign before he gives his view on the nights of elements. he has put his name, that list tory mps, but there were be plenty of questions for him about his leadership ambitions. he certainly seems to have jumped on the right bandwagon. whether people feel he is not a man to perhaps l

there are wonderful photographs of boris johnson and david cameron when they were in the same club at and going out and carousing all the time. look, these guys, it's a very small group. they have rivalries among themselves and think they can exploit, literally exploit the masses to reach their own political ends. boris johnson is one incredibly talented and incredibly cynical politician. even people close to him don't think he believed what he was preaching about pulling out of the european union. he seemed very sobered up yesterday when he looked at the possibility he might actually have to deal with this. cameron said you know, boris, you are going to have to deal with it. that was the import of cameron's resignation speech. so all of these elites are playing these games just like donald trump, self-professed billionaire, is talking about crooked hillary and the elite of the democratic party. what on earth are we looking at? we are looking at people who are less educated, who have less money, who are being exploited and manipulated by people who have a lot of money and a lot of res

boris johnson at the leave campaign i think decided to misinterpret what he said there. david been saying if we stay in the eu we can renegotiate. we can't do that if we're not at the table. boris johnson said if david cameron thinks and says this renegotiation with can happen within the eu as the sham, a snare and a delusion. i this i whatever european officials say are going to be used by both sides in this campaign. but for my sense here they want to keep pretty quiet. because their big bet here is ultimately the uk is going to try and remain within the eu. and that is what they are betting on. >> julia. if we do see a vote to leave which, countries? which votes? which polls should we be looking at next as to whether similar things happen around the rest of europe is this. >> this is the really interesting question wilfred. because of course what i've heard in the last 24 hours is there is no plan b here. no one wanted to talk about a plan b if there was a brexit because they didn't want to influence uk voters. so it leaves the ecb ultimately on the hook in the short-term t

johnson. prime minister david cameron made a direct appeal to voters to stay in the eu. i'-- er if meron: if i felt remaining diminished us, i would vote to leave, but i don't. it amplifies our power to when we are in these organizations we become a bigger force in the world with a bigger influence in the world, and we can promote and preserve the values we hold so dear, like democracy, like freedom, like tolerance. that is our extraordinary country has always made its influence felt, not by walking away from the world, but by engaging with it. laura: earlier i spoke to our london correspondent and she told us how this referendum has become a huge political gamble for cameron. reporter: it was a pledge the prime minister made before the last election, a pledge that he has kept. won a majority and is obviously at the head of the british government. this is a hastily arranged by the primet plea minister, david cameron, to emphasize the limited nature of the decision that is facing the british people in less than 48 hours. david cameron urged people to think of the hopes an

come back a little bit already and one thing they are corresponding to, you heard from david cameron and boris johnsont nothing will happen very quickly. it will take time. david cameron rina -- announcing his resignation. it is not happening straight away. he has not triggered article 50, the legal process you need to go to -- through to leave the european union. and one of the candidates will have to do that job. that in itself is reassuring. tom: we have a lot going on. at this moment, the first minister of scotland is speaking. she spoke with us yesterday. it was a piercing interview on scotland and their unique relationship with europe. the first minister speaking right now. we will listen in. >> it was our own referendum on independence that would end a relationship with the european union -- and to protect it. indeed for many people, the supporters for remaining in the you -- in the eu was a driver to stay within the u.k. it was no doubt that yesterday's result represented a significant change of the circumstances in which scotland voted against independence in 2014. my job now is to act respon

erik: guy johnson pressing david pharrell -- the brexit debate may be resolved.n is scotland. remember, scotland held a referendum in 2014 and voted to stay in. but thursday's decision may change all of that. francine lacqua reports from westminster. francine: scotland is making a lot of noise. we heard scotland did the decisive vote for remaining in. so they don't want to lose out membership for the eu. she hinted at the fact there could be a referendum. whether it will come soon -- a second referendum -- or if they will wait a bit, it is not clear. they have nothing to gain in rushing through the referendum. actually as you say, this will play out for months and years. we don't really know what they u.k. will negotiate with the eu. so scotland will wait first and see if they get a deal with the eu, and then we go. erik: that was francine lacqua reporting from westminster, talking to our colleague sarah pharrell. -- jonathan. coming up, we hear from mohamed el-erian why this doesn't live up to the lehman moment. stay tuned. ♪ erik: this is special coverage, brit

david frost show. and charles robb and linda johnson were on that show also because they were engaged to be married. ople wrote in to the david frost show a lot of letters saying those bearded filthy creeps should be sent back to russia and stuff like that. that was about us. none of us had beards, show. but i had this one letter that said, dear mr. frost, why did you have to have that horrible rock band on there singing that horrible song about vietnam when those lovely people linda johnson and charles robb were on there talking about -- i don't think i'm ever going to yaufwat your show again. and i've saved those letters all these years an i thought, how weird life is that here i am at the lbj library thanks to you i hope i haven't disappointed you. >> you didn't answer my questions, but that's okay. >> well, all kid williding asid were let's face it, there were other bands like the mc 5 and the bugs in new york that were doing some pretty radical things musically and politically as well. but in the end, i think too many people get the left or the anti-war movement confused with the hippie movement

as for boris johnson he will be in the front running, he may be the favorite to take over from david meron but that will have to be sorted out among the conservative party themselves. whether boris is the person they want fronting the party, perhaps a little less colorful. nicole: we were expecting boris johnson to say something after david cameron resigned as prime minister. it seems he bolted out of there without saying anything. can you confirm that? do you know anything? >> i would not be surprised. he is going to make some sort of statement today and first thing he will do is congratulate david cameron on running a good campaign, he will also say how happy he is the united kingdom decided to vote the way he did. he worked tirelessly to get this result. he was literally all over the country yesterday, he was in a fishmarket kissing fish. such as boris johnson's style. we have to see. certainly he put his political future on the line and he could indeed take over from david cameron. nicole: joining us for this hour, stephen guilfoyle, managing director of floor operations that deva

david: an update on what is making headlines outside. for that will go to taylor. with first word news. taylor: boris johnsonl launches bid to succeed david cameron as conservative a leader in the next few days. the telegraph says johnson is backing names of lawmakers who would back camp. he has been urged to challenge but does not want to. and widespread turmoil in the labor party. the association says as many as six members of the labor leader jeremy corbyn senior has quite in protest against his leadership and it was prompted by his decision to fire the spokesman. some have criticized or been for leading a week campaign and eu referendum. john kerry is going to u.k. and emphasize u.s. support for the eu. tolondon, he is supposed relay a message from the white house that the special relationship between the u.s. and the u.k. will not change. global news, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. >> time for the morning must-read with tom keene. there's too much to read. tom: there is. go around the world a little bit. terrific coverages but quite a ph

johnson's home . they are waiting to hear him speak in response of what is leaving the eu. the big news is coming out of prime minister david cameron saying he will step aside. and boris johnson is someone that was in favor of the uk and leaving the eu. we all know boris johnson right? >> you take it a step farther for us, joe in the sense that there has been so many illusions made here. margaret thatcher to ronald reagan. is it a fair comparison? you have boris johnson leaving the lead campaign. is that a top figure in the united states? >> in someways yes and someways no. they tap into authoritarian -- it is a term that geeks like me can understand. it is a group of people who are dissatisfied and distrusting and disapproving of the elites in society and institutions and of europe and westminster politics as well. >> we will interrupt you real quick. the governor of the bank of england is speaking out. >> as the prime minister said this morning there will be no initial change in the way our people can travel and in the way our goods can move or the way our goods and services can be sold. it will take some time to steap re

brexit leader boris johnson has written to david cameron saying he should remain prime minister whatevere of the referendum. let's get straight to the open in hong kong. we are feeling it, aren't we? haidi: talk about feeling it. 2% hang seng index down by in the past few minutes. has taken hold of investors in asia. shanghai down by three tens of 1%, also downward pressure on the chinese currency. elsewhere, increased selling going on, sydney down 1%. been hangingad onto modest gains, also turning negative, down by seven tens of 1%. , so muchi 225 volatility. nikkei 225 fell 500 points in just a few minutes. three now lurched back to tens of 1% lower. yen that happened, the touching 103 again. elsewhere, selling from southeast asia, malaysia and singapore down. only stocks in seoul, korea have managed to bounce back. asia-pacific down .5% at the moment. the board,ross financials leading losses, as well as oil and gas sectors. you spoke about some of the movers. we are looking at hong kong listed stocks exposed should we end up getting a leave. down, off the session lows. sharp also plun

david cameron. he wa>> mumbling through is theo of boris johnson. >> a long proud british tradition. but it's going to be very hard -- despite zanny's desire to cling to the wreckage of the european union, i think it will be extremely hard for -- 17.5 million people voted last week to leave the e.u., the largest number of votes cast for any position or party in british history. no political party's ever got that number of votes. no referendum was ever achieved -- there was no idea like zanny turning around and saying, that's not right. >> that's entirely inaccurate. i'm saying if you look at the history of the european union, bert or worse, we have had referendums in other countries that have changed their mind. this is different in scale and i'm acknowledging that. but the story of the european union is one where you walk up to the very ellen of the precipice, kick the can, i'm now mixing metaphors, but you end up with compromised notions. the european union, you're right, bad at performing and turning itself into a better place but very good on keeping the show on the road. >> the

david cameron. lead supporters boris johnson said leave him out. and bookies took a new favorite to lead the state. they were wrong about brexit, could they be wrong about that? >> 5- 1 and the announcement that he was out. we have sewn theressa may. she is the favorite and looks healthy. are those made with all-beef, karen? yeah, they're hebrew national. but unlike yours, they're also kosher. only certain cuts of kosher beef meet their strict standards. they're all ruined. help yourself! oh no, we couldn...okay thanks, hebrew national. a hot dog you can trust. can give you ans advantage.gether like trubiotics with immune support advantage. its unique formula supports immune health in two ways. with probiotics that work in your gut. and antioxidants that work throughout your body. trubiotics from one a day. to make getting here easy. of flight combinations because the hardest part of any trip, should be leaving. expedia. technology connecting you to what matters. is happening now at red lobster. summerfest and if you love lobster and shrimp, ...che

david cameron. >> we should point out that boris johnson is a colorful and controversial former mayor of london. >> and, you know, obviously huge political ramifications especially with cameron having said before he would stay in office regardless of the results of the vote but what's the thought on political ramification going beyond it and diplomatic ramifications elsewhere? >> look, the prime minister, david until then, until october which is when the conservative party conference will take place this fall, until they find a new leader he will be there to steer this ship, just to make the point that britain's economy is steady. so until then we won't really know but as we were just mentioning, the former london mayor boris johnson is in the running to take over from prime minister david cameron when he does step down. >> all right. abc's lama hasan for us in london. lama, thank you very much. >>> as lama mentioned news of britain's exit upset the financial markets immediately and not favorably. britain's stock market plunged 8% at the open. >> and get this, some bank stocks in the uk hit hard a

. >> from london and new york, i am jonathan ferro beside guy johnson and david westin. get you up to speed on a historic few days. >> high. the brexit vote has spread to turmoil. leader jeremy corbyn's team is ready to resign. is because of corbyn's decision to fire the department spokesperson. some have criticized corbyn for for thea week campaign eu referendum. to a look at stable negative. moody's said and wake of the brexit vote, it expects uncertainty and lower spending to lead to weaker growth. the business secretary has called for a summit of business leaders to discuss concerns ever leading the european union. times, the lead says we will have to create a more friendly environment. he will hold a meeting with two dozen executives. global news powered by 600 plus analysts and over 120 journalists. >> for european reaction, joining us from brussels. brian, give us a sense of who is driving the ship. is this a situation where it has been joined -- turned over to the interstates or does the eu and commission itself have a role to play? commission, which is the execu

borrows johnson stunned everyone saying he would not be running for new leader of the conservative shocking position. shocking news. he was considered to replace david cameron. michael gogh who was to back johnson essentially stabbed him in the back and johnson was not the leader and gogh would run to be the new minister. conservativeter reese may is made the bookie's favorite. home secretary who used to work at bang of england. if she wins she will be first woman at 10 downing street since margaret thatcher. the labour party leader, refuses to resign. jeremy corbin's days appear to be numbered. despite the it turmoil and british exit from the the markets remained calm at least for now. back to you. melissa: ashley, thank you very much. david: eu credit rating is downgraded to double a. it is good but it is lower. agency says the uk's vote to leave the eu weakens the budget flexibility. meaning all the bureaucrats won't have as much money to play with. adam shapiro joins us from brussels with the very latest. hi, adam. reporter: hey, david. fitch hasn't lowered theirs yet. they are maintaining it. they will continue to watch the situation. but the s

i'm expecting boris johnson to come out and praise david cameron. sure he will congratulate him on his efforts but he will be very happy and i'm sure everyone wants to know, mr. johnson do you want to be the next prime minister of the united kingdom. there's a long way to go but certainly that is the presumed path for boris johnson. >> we also saw the leader from the independence party coming out in celebration as they feel they have been victorious in this historic vote, this referendum. the party system, one of the market analyst told us there is disappointment by the british people on both sides, with both parties in power, but how does that disappointment play out in particular as we try to find a new prime minister? >> you can't please all the people all the time, but i think it all comes back to that disappointment in the political establishment. the disconnect between those who elect the people and the people who make the laws and govern them. there's that disconnect and they don't believe you have the best interest at heart and they want to p

there might be negotiations between boris johnson and david cameron.e is waiting for that in october. there is the sense of people looking at the market. in westminster they are used to talking british politics. they are looking at the markets and saying we need it to stabilize a little bit so that we can move on. i would say a little bit of caution. no one was really quite expect this market volatility and trying to figure out at the same time who will be the next prime minister. mark: the unintended consequences could be another referendum in scotland. what are investors, analysts, and politicians saying? francine: everything is out in the open at the moment. we heard from nicholas sturgeon, the first minister of scotland, saying that because scotland almost 73% voted for staying in the eu they should not suffer from the consequences of the brexit vote. they are may be looking at a referendum so that scotland can break away from the u.k. and join europe. they will have to wait to see how the negotiation between the u.k. and the eu happens. it is not

david cameron. favorite,y is the leading former london mayor 55% to 38%. johnsono speak later this hour. us. edwards is now with this feels like italian politics, it is a mess, everyone trying to wrangle in and become number one on downing street. theresa may pitching herself as perhaps the unity , trying to bridge the border into scotland. what she said and she is the bookies favorite, she said there will be no second vote, there is no say -- stay in by the back door. take a look at what she has been saying because if she is going to be leader of this party, she is going to be the one calling the shots. goalso heard from michael campaigning alongside boris johnson and has now decided to stand against him. we hear from him a little later this hour. he said that boris johnson cannot provide the leadership or build the team for the job ahead. tom: issue the second coming of margaret thatcher? great cv comes with a and she has held an office in state for a long time, one of the great offices of state. she has been home secretary so she has that credibility behind her

david cameron got a first class on his degree. >> at oxford. >> rose: yes. so the competition between these two goes back. >> it's got serious history. they've got form, both of them. and bore is johnson honestly thinks he's more capable than david cameron. he is ambitious. i honestly believe having known and talked with him about his positions on europe, for a number of years, that he's not anti-european. he in his words, and you can see both by what he says and what shape he is, he likes to have his cake and eat it. >> rose: greg, reflect more on terms of contagion here. >> yeah, so i think one of the reasons you have seen people especially here in the united states looking at our fall election, have been so flum oxed by the result, is in trying to understand what it is in the pop liss that would drive him to this result. there were a lot of studies that were done that showed fairly clearly that brexit would leave the average brit poorer five to ten years from now and yet they voted for brexit anyway. and i think when it comes to our fall election, for example, it's no exaggeration to say that a lead upon on both the left and right side believe that donald trump's policies would be

we are waiting on boris johnson possibly to make an announcement. we heard from david cameron. he will step down in october. he said it is up to the new prime minister to invoke article 50. by the end of the year, are the markets going to be more calm? anne: the focus of attention is going to move from u.k.-based market issues to more broadly across europe in general and euro in particular. you are starting to see differentiation come through between peripheral european bonds and core european bonds. people are saying, what happens next? we've got spanish elections, referendum in italy, and elections in france and germany next year. in all these countries, there are sizable minorities who also want to reconsider the position in the eu. i think the debate is going to move quickly to a european-based situation. francine: thank you so much. ask for any to fresh market reaction. how did the markets get it so wrong? we are monitoring what boris johnson is doing. we understand he's in his house. as soon as he comes out, if he decides to give some kind of actually, possibly , he'smber

the doors shut we had the odds out from betting companies already putting boris johnson as the favorite to take over as davidameron, extraordinary scenes here. and we need to keep an eye on things here. if david cameron goes, one would assume that george osborne, his number two, may go this morning as well. also within the labor party, huge amount of pressure on th r theirthei their leader. he's only recently come into power, a controversial figure and seen not to have handled the whole remain campaign very well. didn't really galvanize that labor party support in the way he should have. but extraordinary moment when david cameron came out, though. we thought, you know, he would come out and reassure the markets and perhaps resign a bit later on. obviously the pressure was so high on him. so heavy on him that he had to come up with some other solution. the only other solution was for him to resign. he fell on this sword clearly saying this revereferendum was idea. he fully backed it, fully supported it and he had to fall on his sword. all those international repercussions coming on the back of it. >> max, ob