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the decision by the prime minister successor,r to the it is sensible to wait for a new prime minister ifo we determine what that action is. on,s the day has gone sterling against the dollar has vote,new low post brexit it down over 3% on the day, folding against the euro, the stockmarket started with moderate losses in europe, but those have deepened as well as the day has gone on. bank stocks being hard-hit, as our homebuilders in the united kingdom. with a marketndon analyst at i.t.. what was it that george osborne did or did not say that it not give the market too much confidence? -- that did not give the market too much confidence? >> ultimately, people are looking towards this emergency budget, our going to see it, that is not necessarily what we need to see at the moment because of the fact that people already don't necessarily know what repercussions of this quite are. even people with in leave campaign cannot seem to know where we stand, so he did give us some sort of civility at that moment, -- stability at that moment, but it always looked like we would return back to the red. w

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the latest data from the highly watched ifo institute shows a good number of germans feel that an exit impact their business. bigger companies with more than 500 employees are particularly worried about the outcome of the referendum. that's the line, anyway, from the german manufacturers. >> and that's the point. i'll make the point i made earlier this morning, the uk is 2.4% of global gdp, right? this is according to edison investment. at risk, 10% of the uk economy could be at risk as well. we're talking about a decimal of uk. it's creating this enormous risk on the back of this. when we think we're getting brexit. gold aggressively higher. the pound goes to 1.40. we've seen the best from the pound in years. we've seen the ftse and global assets as well. and this is it, it's the art of the impossible, which i think people whether in states or in europe, could this create a domino effect. many who don't want mr. trump in the white house, saying is that possible, the brits leaving the eu, is that possible? many think that it could circle the wagons. could the finns go, the danish, many

political tensions in the south china sea can be put to one side , the issues of the steel side, and ifone they can come up with something more workable. to reflectst want back on the chart that and has on her touchscreen and i have here. this is the basket of currencies we have. the market was hysterical in january when the renminbi moved. there was this real sense of global concern. here we are. near that level, the lowest level since 2014, and there is no sense of panic or urgency or global concern. what has changed? simon: i think very little has fatigue with than current competitive devaluations going on. the people who will be most concerned by that chart, they will be sitting in tokyo, they will be sitting in frankfurt, they will be worried about the implications a week or -- a has, which is an export related recovery. goes againstan other baskets and maintain strength against the dollar, that just tightens the vices. anna: how weak or strong is it? jack lew suggesting that the lack of communication last year led people to conclude that the chinese growth picture was actually weak

we'd drew a couple more lines in the sand, and then we had the 22-month game plan in going against ifo. there has not really been much mention of assad. where does he fit in this plan -- out isilisil right now? is mcgurk: as long as assad leading the government in damascus, this war will never and. that is something we stated very clearly to the russians and to the backers of the assad regime. it is a question about the best way to set the incentives for a sustainable transition. , regimemilitarily change is something we have seen before and is extremely risky with consequences. the russians have said that they support a transition in damascus. claimed thathave they will support a cessation of hostilities on the ground. peoplent putin went his saying he would support it. white frankly, the russians have not done in this regard with a promised, and this remains a very serious problem. senator isakson: are they the assad right now? of mcgurk: the level influence is something we look at. the russians were seen as the , and moreencer recently, we have started to see the armenians eclipse t

china, -- ifo help you want to help america, you need to pass the trade deal. otherl cut taxes countries put on our products. it raises other countries standards two hours. better how we secure wages for our workers and compete on a level playing field. playing field, america wins every time. i'm going to make one last suggestion, make sure the economy works for everybody by strengthening and not weakening the rules they keep wall street in check, and goes after folks who avoid paying their fair share of taxes. [applause] crisis, wefinancial passed the top is wall street reforms in history. the toughest wall street reforms in history. by the way, the bank bailouts everyone was mad about, they had to pay back every done, and with interest. and we passed laws to make sure nothing like that would happen again. and they are making a difference. the biggest banks have to carry twice the amount of capital as they did before the crisis. that makes another crisis less likely. we of new tools to guard against another too big to fail situation. we have already secured mo

first on the scene of a dramatia water main break in fort ifo washington.wash >> incredible there.o test. tes we are live with the impact ofto metro's phase two track work.ckw >> plus a warning for parents ii your kids start begging for thee fish featured in finding dory.or kevin mccarthy is live with thaa one. >> also live on good day when harry met holly. >> it had to be me. b >> we have a preview of holly'sy epic meeting.. >> it had to be me. >> listen.te. dreams do come true at least trl mine did over the weekend.eend we'll talk live also with maddie ziegler the viral video star isr joining us so you think you canc dance the next generation.erion. >> all right. how can we make my dream of be beating boris cut she was comehs true. >> we shall be able to make that happen. >> they had a show for a hotowoh minute. it was a hotas minute. mut >> good day dc just minutes aw away. al.al >> for mott hint.or >> holly is so lucky m.s soky >> all right, guys.uys >> sorry, i didn't realize -- >> that's okay. that'oka you needed to take your jacketka off. you'll be working in a second.gs >>

i could then go further into the future, ifo you like. right at the moment we are in limbo withn a very considerable risks of economic turmoil and a transformed country. >> we talk about the turmoil. if you could put it in context for us. how do you estimate or calculate whatever you think the losses as a l function of this are going be: f. >> i suspect, from a global point of view they will probably be very modest v. britain, i think, is very likely to go into recession. at the moment we don't know more than that. but britain is, after all, only a very -- pretty small economy. about 3% of the world economy if i remember correctly. soco the -- not much more. so the direct effects on the world economy of a british recession shouldn't be too large. there will t be a big adjustmen in sterling. in fact, that's probably alreay largely happened. that could further disrupt the uk. but i think that, unless the vote is seen to destabilize europe in a really more profound way,un raising the chance of copycat events in europe, or unless it looks as