mike carney speaking right now. he's due to say that there is need for summer stimulus after the brexit shock. this next line is a direct quote. he said in my view and i'm not pre-judging the views of other members the economic outlook has deteriorated and some monetary policy easing will be required over the summer. he's saying in august we'll discuss further the range of instruments at our disposal. this following that historic brexit vote last week. he says as we've seen elsewhere interest rates are too, low the hit to bank profitability could perversely reduce credit availability or increase its overall price. he's saying some stimulus could be used. he said a host of other measures and policies are available and so far he does say following the referendum things are quote working well when he refers to the contingency plans that were in place before the result he said they are working well but a host of other measures available. implying in the summer meetings to come for the bank ofngland there may well be eas

mike, thank you very much for joining us. why the ceo of the carlyle group says he doesn't think a brexit will actually happen. ♪ ?c+sv anna: the bank of england governor mark carneytempt to rei reassure the natn after days of post brexit turmoil. getting the green light, dozens of u.s. banks pass the federal reserve's stress tests. and the blackrock boss says he does not see a rate hike in 2016. welcome to "countdown." i'm anna edwards. let's have a look at the retail sales numbers from germany. , onestimate was 0.6% retail sales. 2.6% was the actual number, against the estimate of 2.5%. this is data for the month of may. there we are, the jigerman consumer is resilient, compared to what economists expected. looks like we will draw a line in the sand post the asian sector and into the european session still one hour to go into we get there, of course. the asian equities bouncing by .8%. it looks like a line in the sand is being drawn here. many conversations are taking place around his desk, as to what is driving that. too much optimism about whether article 50 is never filed and whether or not the u.k. leaves the eu. more on that ina moment. let's bring up the r