won't matter what moody's and zap. have to wait and see what will happen when it comes to trade deals but right now the french are certainly acted like a scorned woman. get out quickly. we don't want to deal with you people. connell: good analogy. >> we'll see if it tams down. connell: scorned women and all divorced analogies. very uncomfortable. >> we got you, connell. connell: global revolt we're talking about with britain leaving eu certainly says something to you about the power of the voter. we'll talk about, whether it's a preview of our election in the fall, trump, hillary and more. "cavuto: coast to coast" continues. ending the day with m. i don't use super poligrip for hold, because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well fitting dentures let in food particles. just a few dabs of super poligrip free is clinically proven to seal out more food particles so you're more comfortable and confident while you eat. so it's not abou

microsoft's rating may be cut by moody's following the purchase of linkedin.mily chang has this report on the deal. emily: it is the biggest deal in microsoft's history, one of the biggest in the history of technology. microsoft is buying linkedin for $26.2 billion in an all-cash deal. this is a deal that took almost everyone by surprise. there were no indications this was in the works. when you think about it, microsoft has more than one billion customers using microsoft office. linkedin has 433 million members. there is potential to significantly scale in each other's growth. microsoft is saying that this increases the total market by 58%. i spoke with both ceo's today. crosoft's had to say about what. >> -- about why. >> it is about bringing together the core networks. the dream we have had is how can we connect these two worlds tso can-- worlds so these users work more seamlessly. emily: the other question is, will we see more deals as a result? another deal not getting much attention is symantec buying blue coat software. we are also looking at other smal

. >> let's go. >> what's up, philadelphia. >> i go by the name of chill moody.ybody here. >> ♪ >> right here, concrete jungle. >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> ♪ >> that was chill moody also with matt wild, you said? >> perfect. >> marilyn and benjamin in here. >> perfect, thank you so much. celebrating black music month. [ inhales ] all giant produce is triple checked. farm, crate, and store. we're focusing on fresh... ...so you don't have to guess. my giant. >>> live from new york city, it's "the wendy williams show." >> you won't believe what i'm about to tell you. >> my girls are always turned out. >> i give it to you straight, no chaser. >> now here's wendy! ♪ >> wendy: so nice. >> kwhwhooo, whooo! >> wendy: thank you for watching. say hello to my co-host, my studio audience.

moody's managing director for credit strategy.han: coming up, how will a dismembered eu respond to britain? we hear from a former finnish finance minister alexander stubbs. ♪ jonathan: welcome to special coverage of the u.k. decision to exit the european union. i'm jonathan ferro alongside francine lacqua. francine: representatives of the eu founding members gather today meeting and to pressure the u.k. to leave the bloc as soon as possible. >> next week we will have a meeting with 28 member states, but now it is we start the 27. discussions formally. if it is possible for the u.k. to choose a request or informally, we have to start as soon as possible to avoid any possible crisis. francine: negotiations began in berlin. they will continue in brussels. we are in both locations. caroline hyde is in berlin. -- isne first to you there a clear sense of urgency from the founders of the eu? caroline: you heard it from the leader, the foreign minister of belgium saying to avoid a crisis, they are pushing this through. they want the oppos

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 financial tool to help the planet better prepare for the next large outbreak. >> nice to see you again. >> pandemics pose glow ball threats. president kim says a quick response is crucial. waiting for governments to act is often too late. >> if you look at just the ebola outbreak. the estimated cost was $10 billion. our estimate is that if the pandemic facility had been this place, it would have released large sums of money much, much earlier. >> the world bank launched a new scheme last month. kim says it's all about creating an insurance system for poor countries. one that offers a speedy

cosmo wil alison: we don't need any more moody in our world, do we? this story is upbeat -- this will melt a heart. a nine-year-old girl born without a right hand and wrist now has both. but this is not just any prosthetic. her new hand is inspired by the disney hit "frozen." >> awesome! >> just the smile on her face is the most amazing feeling. alison: a group of college students created the prosthetic using a 3-d printer. it took about 30 hours to print. the group has also produced an ironman-themed hand for a little boy in ohio. jonathan: that is amazing, and when you consider that a printer put that together -- alison: how does that work? josh: it fits perfectly, it's just for her, and done by college students. alison: so cool. josh, nice to have you here tonight. josh: good to be here. let me talk about what's going on right now, the rain has left a little bit, but raining right now at national harbor. the temperatures are still very warm, mid to upper 70's, and very muggy. dealing with muggy conditions pretty much all day tomorrow as well. it fe

malaysia's troubled state investment fund is -- its lickety position after moody's withdrew on one ofts bonds. it remains focusing on its rationalizeation plan. the debt amounts to 1.75 billion. a dispute with abu dhabi's sovereign fund led to them deing n april. the bank forecast g.d.p. will grow by 2.4% this year. a downward revision of the 2.9% it predicted back in january. toyota is facing more bumps in the road. they have received complaints from owners about onboard navigation systems. the complaints come across the chicago area. they have not yet found the cause. ranking inhe highest the dependent rblet survey. this is bloomberg news. rishaad: coming up, the -- defending the u.n.'s exchange rate as being transparent. how it measures up against a basket of currencies. ♪ rishaad: it is 23 minutes past 10:00 in the evening in brooklyn, new york. it looks like the presumptivive democrat nominee for the white house. the election due to take place in november. hillary clinton set to make u.s. history becoming the first major -- the first female leader of a major political party on th

. >> oliver moody from our sports desk is here at the table. help us understand this. band for the russian team stands, right? but there is an exception. >> there is an exception. the news that came from the ioc today just seems to have confused matters. we have this announcement from the iaaf saying that russian track and field athletes were banned. now despite coming out in support of that band, he seems to have fudged the issue and created confusion over whether actually some russian track and field athletes could get into that door. >> does he have the authority? can he overruled the decision made by the international governing body for track and field? is there a hierarchy at play? >> because the way the announcement was worded, he can actually allow russian athletes who have been training outside the russian system in different countries or what have you, there was a kind of loophole left in this ruling by the iaff. , especially with this announcement by the ioc today that russian and kenyan athletes need to be tested by their international federations. now all k

moody's downgraded the sovereign outlook. they say economic effectiveness might be diminished as a result of the vote. cnbc spoke to the head of the rating agency and asked him what moody's expected would happen during britain's eu exit negotiations. >> we expect the u.k. will reach an agreement with eu that it will trade in the way it currently does. if it doesn't, we will see a short on economics. if it does, growth will come back. we expect to see growth of around 1.5% this year and close to 1% next year. not looking at a recession. what we'll see if the u.k. is not able to agree to the kind of trading arrangements that it currently benefits from in the eu is sustained materially low growth over the median term and that would be bad for the u.k. >> let's go to john. good to have you with us. as we sit here a world away from each other, might be interesting for viewers to hear what you guys are talking about in china. what's the view? what's the reaction been to the brexit vote? >> well, thanks for having me on. as you woul

moody has lowered its triple rating for the eu. will be speaking to the managing director of strategy at moody's service, a first on bloomberg at 5:20 p.m. u.k. time. imf has voiced its support of the bank of england and the european central bank. that they pledge to inject liquidity into the banking system. encourage the u.k. and authorities to ensure a smooth transition to the post brexit xml like relationship. -- post brexit economic relationship. time until we know the future of the economic relationship between the united kingdom and the european union. it will be important that there is clarity under the negotiation process. that it be carried in a smooth a manner as possible. mark: the governor of the bank of progress has called for a said start over the discussions should start as quickly as possible and achieve a clear separation and reduced the uncertainty. the odds are that one outcome may be winning financial services business from london. that is recapping the big market moves. sterling falling the most on record again

darrel moody, i thank you, and we will be right back. our coverage continues after this break. your forehead! should not be doing anything. i just had botox. i know exactly what's happening! ah! whoa! this is a bad streaming experience. "the girlie show" is a real fun lady show. (vo) don't let bad streaming ruin a good show. don't look at me! (vo) only verizon has the largest, most reliable 4g lte network. can your network say that? switch now, buy two samsung phones and get a free tv, plus up to $650 back. only on america's best network. now it's war, they band i want them dead!lves. the fleas and ticks? their whole gang. we can do that. only bravecto kills fleas & ticks for up to 12 weeks with one tasty chew. starts killing fleas in two hours and kills nearly 100% in under twelve. and it's fda approved. bravecto is for dogs 6 months of age or older. don't worry, princess, we'll settle the score. tonight we ride, with bravecto!! ask your vet about 12-week protection with bravecto. >>> we're now learning more about omar mateen. he has be

she cited a new report by moody's. saying that a donald trump presidency would be dangerous for the economy. if his policies were enacted, it would lead to a down turn, longer than a great recession according to moody's, it would cost 3.5 million jobs. the unemployment rate would jump back to 7%, home prices would fall and the stock market plummet. they plan to do an analysis of hillary clinton's plan next. that would be because of big tax cuts for the rich and also potential trade war with china and some of the other things he said he would do about trade and immigration, deporting 11 million people. >> and you wonder if voters are looking for substance now. a lot of people have tried the one-liners on trump and have been unsuccessful. >>> new information on what the orlando club gunman was doing hours before the massacre. that's coming up next. ♪ you wish your dog could fight off fleas and ticks. but since he can't... you rely on frontline plus. because frontline plus unleashes a deadly killing force to kills fleas a

this is despite being put on a downgrade review by moody's.follows crown's announcement of a planned spinoff of its international business, restructuring plans, and changes to its dividend policy. moody's reckons it will result in materially reducing its asset base. crown wants to spin off its international businesses from its australian casinos, believing that investors have undervalued the core business due to a downturn in gaming in macau. rishaad: right, with the web tv, whyovertake mobile is king when it comes to marketing. chances of a reversal when it comes to the asian pacific fortunes, that is ahead. ♪ rishaad: you are back with "trending business". asian stocks paring back the biggest drop we have seen since may. perhaps britain will vote to stay in the european union. after this tragic killing, sentiment has changed. we don't really know. >> we don't know. is still aampaign good campaign. i think the consequence of leaving the european union is severe. will votes that they marginally to stay. that is my guess. hasn't roiled the mark

it moves that way. >> and it's got moody's saying it could cause a prolonged recession. the man behind the call will reveal why when "fast money" returns. thank you. ordering chinese food is a very predictable experience. i order b14. i get b14. no surprises. buying business internet, on the other hand, can be a roller coaster white knuckle thrill ride. you're promised one speed. but do you consistently get it? you do with comcast business. it's reliable. just like kung pao fish. thank you, ping. reliably fast internet starts at $59.95 a month. comcast business. built for business. >>> we've got more news on the deal announced in the past 25 minutes or so. tesla to buy solar city. phil? >> melissa, pardon me having the phone up to my ear, i've got it on mute so they don't hear me. i'm listening to elon musk right now, giving a few details about this. i also want to give you commentary or response from the folks at solar city in response to tesla planning to make an offer. solar city said it intends to carefully evaluate tesla's proposal. and by the way to the people who

jonathon: coming up, we talked to moody's after they cut outlook for the u.k. ♪ >> the british peopleed for brexit. we had been saying for at least a year that a brexit vote would lead to a downgrade in the rating. >> i do not believe this will end up being a long-term drama. i think all of the market disciplines will be able to cope with the short-term volatility. a shock and disappointment. life goes on, though. everyone is excited this morning. people in britain will continue to travel to europe and europeans will continue to travel to britain. canquestion is if the u.k. find a way to stay in the single market. was from some of the bloomberg guests on brexit. jonathon: we know the snb entered the market, but we heard nothing from the most influential central bankers. one thing though marketshare, for the u.s. at least, we are looking at the bloomberg terminal. the brake light at zero and zero the rest of the summer. perhaps nothing the rest of the year. david bloom, global head of fx strategy at hsbc still with us. david: last time i saw that thing, i got nervous. every time now, y

you can tell what's wrong with the democratic party tailed when they are citing moody's, the people whoed fuel the subprime lending crisis that crashed the economy and moody's also in their plan if you read the fine minute they said donald trump's immigration plan would raise wages for working americans. hillary clinton's plan will depress wages for working americans. black and hispanic americans will suffer the deepest most severe cuts because of her corporatist immigration plan. when an ambassador is murdered on foreign soil it is an issue that affects the entire country. our entire country came under attack and if hillary clinton refused or failed to provide security to the ambassador and his staff, especially because it is a situation she personally created in libya, that is a direct factor in her fitness to serve of and she's not fit to serve of, not as secretary of state, not as president. >> alice? >> i think obviously you need to be prepared to answer this question again tomorrow because certainly it will come up in his speech that he'll be making tomorrow talking about hillary'

trump, that is why moody's and ratings agents and people who look at this are all coming down, one of the longest recessions, longer than the great recession if trump does his plan, 3.5 million jobs lost, unemployment tax at 7% because he doesn't talk about any cuts in spending, or these big tax cuts and other things, building the wall and other things i know mexico is supposed to pay for. what is going on here, we are going to see, these campaigns have laid out there ines of attack. we know what they are going to be. the difference is which campaign has the follow-on, a full-fledged campaign, surrogates that amplify these lines, push these attacks out there. that is where trump -- liz: donald trump is well behind on the fund raising part. he has to turn to special interests that he has spoken against this whole time and hillary taking smack that wall street and special interest as well and taken money from wall street. >> the problem with hillary's plan, we will talk a long time, don't think we have to worry now even before the conventions about who is going to town whose plan but hi

. >>> the rating agency moody's says were president trump, it would result in recession. with 3.5 million job losses, mod d moody's will provide the results of a clinton presidency in the next few days. >>> the brexit vote will be on thursday. great britain is trying to decide whether the country should stay in the european union or leave. now, brexit is britain plus exit, brexit. if they vote to leave things unchanged, that would be britain unchanged or brunch. the latest polls show they will probably brunch. they will stay in. >>> and the faa could release more rules about drones within the next day or two that would allow more commercial use of drones and specify exactly how they can be used. now, the rules will probably restrict flights to daytime only and only in line of sight. in other words, that drone has to be visible to the drone operator. that means amazon delivery by drone would not be legal. >> all right. thank you very much, scott. >>> new this morning, authorities are launching a criminal investigation against the man in charge of the volkswagen diesel scan

moody's lowering its outlook on 12 u.k. banks, including after fears that brexit will reduce the profitability. to quote moody's, "we expect lower economic growth and heightened uncertainty over the u.k.'s future trade relationship with the eu to lead to reduced demand for credit, high credit losses, and wholesale funding." this is the chart i made up. the performance of the big lenders since the referendum. since friday -- friday, monday, tuesday, wednesday. hsbc, most of its exposure is in asia, down by 2%. likewise, standard chartered, down by 7%. lloyds, 23% lower. 27%.s down also by at the bottom, you have barclays down by 30%. those are quite sizable moves in three trading days. this is sterling-dollar. you know what happened to the pound on friday. it percent lower. record move. monday, down by a further 3.2%. tuesday come up by .9%. we are up today, bringing the four-date decline to a mere 9%. still the worst four days on record, but we are at 100 and one on monday, 135 today. i want to look at the interest rate pro

the s&p rating is now aa, in line with moody's. the outlook is negative. moody's is negative. it's not a surprise. moritz kramer told us on friday, it was a binary decision. vote in, the rating stays, vote out, the rating gets cut. that's what we were told. interesting, that from david cameron. enterered harris -- this period of economic uncertainty from a point of strength. we record unemployment, and the budget deficit has shrunk as well, to 3% this year. banks every capitalized themselves, and inflation has come down, and there's contingency plans. david cameron, the prime minister, who has not been seen since friday, said the u.k. is entering this uncertainty from a position of strength, but that is not strong enough to persuade s&p global ratings from cutting the rating. yield the 10-year fell below 1% to a record low. we did hear something from top levels of the executive in london, all about damage limitation. did it limit any damage? look at didn't, because the markets. sterling down 11% in a couple days, a record two-day decline. good to see george osborne this mornin

moody's changed the outlook following the uk's decision to leave the european union. moody's rating agency has changed the outlooks at eight banks. to negative from stable. three of which include barclays, hsbc and two banks have been reduced to a stable outlook from positive, those two include lloyd's and principalities building society and moodies expects that the high degree of uncertainty over the uk future, trade relationship with the eu, leads to lower gdp growth in response to diminished confidence and lower spending. they say or expect reduced credit demand for banks for volumes of uk banks. nonetheless, the ratings changes. guys, for now, back to you. >> all right. thank you very much. i think it's all coming down to a lack of understanding of what's going to happen here. you know? when there's so much uncertainty, of course, you have an impact on the economy. right? >> it is something to sit up and pay attention to. when you see the massive drops on the stocks. what happened with all of this, it does suggest of concerns there. larry summers was on today. the

movies affirmed its top level -- moody's affirmed its top level rating to the eu. the credit strategy at moody's surface, that his first here on bloomberg television. 5:20 u.k. time today. i three caps on the big market moves yesterday. -- let's recap some of the big market moves. the pound is now the lowest since 1985. it dropped as much as 11%. european stocks dropped the most since 2008, after falling as much as 9%. that was the most ever. the yen was the haven currency of choice. it had its biggest day against the dollar since 2098. gold had its this day since 2009, rising as much as 8% earlier on the friday session. let's get the latest on the brexit vote from the home of the u.k. parliament, anna edwards is that westminster. good afternoon. mounting pressure from some of europe's leaders to move quickly. what have we heard today? yeah, thank you mark. as we heard from the foreign ministers, they are finding nations, all of the european union meetings in berlin, the foreign ministers calling on britain to act quickly. steinmeyer saying a quick process is neede

that is according to moody's.oody says the default is not inevitable, but they are likely to default. if that happens, it could compromise government finances to the point that the country will be unable to make payments on his dollar bond. sunday's contest in which lebron james led the cleveland cavaliers to the nba championship had the biggest audience for the nba championship since game six in 1996. that is the bloomberg business flash. "what'd you miss?" the indian central bank governor exiting, that he is prompting havoc with the rupee. i would argue it does not trigger a massive change in policy. it's enshrining high stability as the main goal of india monetary policy, two key points had rajan himself championed in recent years. alix: the idea that mr. modi will go with someone he likes to a safer, someone who will not target in ration, someone who will not knocked down banks and deal with corruption there -- that's wrong? bigger risknk the is on the tone and the enthusiasm with which a new governor would go

moody put out a report -- let me just say moody put out a report if donald trump's policies were enacted million americans would lose their jobs. >> we already know what happened when clintons were in power. >> this is a con man, a salesman. is he good at putting his name on businesses. >> hillary clinton had a secretary of state. name one real success hillary clinton as secretary of state. just one. >> our entire foreign policy has been stabilized and american is seeing more positive. >> in the middle east. >> boris, i'm answering your question. american is seen more positively among our allies than it was when george w. bush was president. that was a lot due to barack obama's credited. >> are we better off in the middle east? we are not. china or russia. >> can i beg to differ with that assessment? i think middle east is a disaster right now, far worse than it was prior to hillary clinton's state department stay and also, let me ask you this. what do you think israel thinks about what is going on and president obama and hillary clinton is running on the coat tails of president obama? d

moody's will provide analysis of a clinton presidency in the next few days as well. fed chair janet yellen will testify on capitol hill this morning, a regularly scheduled thing. but this is strange timing, right after a fed meeting, right before the brexit vote. we'll have more on that in a second. but finishing up politics, trump says he will replace yellen as head of the fed because she's not a republican. he'll also call for an audit of the federal reserve. let's get to landon dowdy and wall street's reaction. good morning. >> reporter: scott, good morning. wall street could add to monday's rise in futures. investors are reacting to the "stay" camp gaining momentum in the uk. a "leave" vote could spark a global selloff on uncertainty over the economic impact. like you said, fed chair janet yellen will be speaking today at congress. scott, back over to you. >> landon, thank you. >>> sam and laurie, you know malcolm gladwell, author of "the tipping point." he's launched a podcast, ten episodes released, one every week. it's topping the podcast chart. the first epis

a report echoes what many mainstream economists have said, the moody's report said donald trump policieso a down turn greater than the great recession, unemployment would jump back to 7%, home prices would fall and the stock market would plummet. moodies plans to do an analysis of hillary clinton's policies. >> clinton meets privately with democratic leaders in washington today. california congressman xavier becerra will be there. he's considered by democrat insiders to be a leading choice for vp. also to be on the short list, hou julian castro and tim kaine of virginia. you can get to know congressman becerra. he's going to join us live on "new day", at 8:00 a.m. >>> a last-gasp effort to get a gun measure through the senate seems to be dead on arrival. now democrats claim collins' bill doesn't go fast enough. others blast it from the other side saying it's unconstitutional. >> reporter: susan collins trying to push for a bipartisan deal, having influential senators on her side about trying to close the so-called terror loophole. in other words, people who are on that no-fly list, preve

. >> they're moody. >> when it hits you in the back of the head. >> personal experience there?elling ] they're basically the same. >> oh, no! >> here is the thing, dad's first called it an emu and corrected himself and called it an ostrich. i think the ostrich is like "what it you call me?" . . >> did you get it? >> oh, no! >> later, folks. catch us on the next "right this minute." >>> a gas station attendant is under attack. >> the guy walks over with a knife. puts the knife up to the neck of the attendant. >> watch the criminal become a human torch. >> on fire. >> this is melody and she doesn't feel very good. >> melody suffers from a tick-bourn illness. see how doctor matt turns her life around. he's up on the para glider when suddenly his wing simply swoops. find out what went wrong. >>> and you would be surprised by how powerful a yellow vest can be. >> wow. >> you're

and then, this week, moody's analytics came out and said we looked at trump's policies. we look at what he's prescribing, there would be more unemployment in the country. there would be lower wages in the country. and she is citing those statistics coming from moody analytics, they used to be on the romney team, right? >> i don't know. >> here's why it doesn't work. she can't have a coherent economic message. she's torn between two opposing and equal forces, on one side the bernie factor, she needs to win over his voters to win and on the other hand she needs the banks, the finance sector to continue to finance her campaign. they have very different visions of what the campaign is trump, the one thing you can say to him, he isn't beholden to anybody. >> literally. >> that's true. >> if he starts begging for money, he might be beholden for more. >> the one thing you can say about him, he's so unpredictable. the only thing he could be reading a script from some donor? probably not. >> how did you feel about his delivery. he does a prompter, but then he feels compelled to g

moody also his family. he has several college-age students. has another son who is 16 years old and is a junior in high school, and his brother told me about the way in which this has affected his brother at a very vulnerable time, six years old, to hahave his father disappear. 60-year-old man, highly educated, now consigned to a cage for the next three years for literally having done nothing other than try to save his famimily from starvation, starvation that occurred because of the same government that just prosecuted him for doing that. this is the kind of story that if you go into muslim communities in the united states you will hear over and again. it's the sort of thing you can become angry about if you tnk about it or read about it without the human connection. it takeses on a different dimensioion when you realize the are all human beings whose wives have ashlock said been destroyed in the family members continue to suffer. it's not just meeting the aims of these injustices that makes my going around so valuable but also the people who

kate moody with me in the studio. you're looking at the markets, they plunged dramatically following the brexit result but have moved back into stable territory. actually positive territory we're seeing this wednesday. shruggingseem to be off growing concerns about how and when the u.k. will cut its european ties. u.s. stocks have so far erased more than half of their brexit losses. session highs. wall street's boosted by a gain in oil prices. the dow jones added about 100 points earlier in the session. up wellmajor indices over 1.5%, nasdaq trading up nearly 2%. soared. markets thany 100 jumping more 3.5%. currency markets, after hitting 30-year lows in the aftermath of the vote, the pound sterling has rebounded trading up 1.2%. more volatility is expected on both currency and markets, some analysts believe the summit in brussels has led to a period of calm. >> markets are gambling for time britain won't start the legal process of leaving in the short politicians ingh brussels are standing firm, saying britain must n

moody's analysts point out their calculations come out from the economic plans that trump has actually talked about. his more vague plans like restricting muslims from entering the country, they say, will also hurt the economy. >>> fed chair janet yellen will testify on capitol hill this morning, a regularly-scheduled thing, but some strange timing, right after a fed meeting but right before the brexit vote. today there are simply too many unknowns. trump says he'll replace yellen as head of the fed because she's not a republican. he's called for an audit of the federal reserve. secretary clinton hasn't said much about yellen but plans to change the way fed members are chosen. the dow was up 130, nasdaq 36. apple stocks under pressure in the next couple of days because of a paperwork issue. it's super geeky, just ignore apple for a bit. spotify hit 100 million users the other day. 30 million pay the extra money not to hear the ads, twice as many as paid apple music users. the company just elected a director of investor relations, which generally speaking you don't need unless you're pu

moody's came out earlier today, said baseline brexit will cut u.s. gdp by one tenth of a percentage point. one tenth of a percentage point. they're saying baseline u.s. growth averaging three percent in the next four years, and the direct impact on trade should be modest. what is all this hit stair ya -- hysteria about? >> i don't know. if we grew at three percent that would be good. we were growing at 3.3% for 150 years until 2000 and then we cut down to half of that. it's good if we start coming back, but there's going to be an overreaction to what happened today. so, the market went down 600-points. peel women take advantage of that next week and recognizing nothing has changed you think te buyers are going to come in and say, okay, there's opportunity in the u.s. right now. >> absolutely. i would. >> take us behind the curtain with donald trump for a minute. what is going on in terms of the conversation? is he changing his tone? he was in scotland today, obviously, seemed a lot more measured than the last few weeks. are you and other advisers spe

on saturday moody downgraded uk from stable to. to. in london benjamin hall fox news. >> a lot of folks in britain an round the word are trying too learn more about the brexit bre according to google essential some brits didn't know the th basics searches for wap if we leave the eu tripled one of the top questioned asked by users ue after the brexit result was alsl what is the eu? >> meantime not every un one eve wants an online petition already gathered more than a millionli signature's. and in the race for the whitehie house clinton is picking upng another key voter. vot >> sanders says he'll probably check her name off in november.. here's fox's did you go. >> reporter: clinton had a good trump. that was before the brexit vote and trump's timely visit to scotland he entered the sent tooments people want to seewant borders. clinton came out in support of the losing side and ouched thisn statement. we respect the choice the people of the united kingdom have made. first task has to make sure sur economic uncertainty created by these ev

on the issue, but that is not to say all business leaders are in favor of staying in the eu as kate moodylains. kate: it is the hot topic in britain's boardroom. business leaders have backs uk's membership in the european union. the bosses of more than half of largesttry's 100 companies in 900 small and medium-sized firms said their businesses would be stronger in europe. >> our reasons are straightforward. businesses and their employees benefit massively from being able to trade inside the world's largest single market without barriers. among those that have joined hsbc, unilever, and others in supporting the remain campaign. business lobby groups have also warned that a break that might pose to the industry at large. although none of britain's biggest companies have come out in favor of leaving the eu, the debate is far from one-sided. many smaller businesses like the family-run british hovercraft company believe they would have more freedom to operate without european regulation. of thetruggle with a lot eu directives, rules, and regulations out there. specifically to our business as w

moody's cutting the outlook. i was surprised by hsbc being cut. it seems that international banks have not been hit as hard. patrick: if i were to be involved in banking, hsbc is what i have -- i would look at. we still have some european .anks that are incredibly cheap very low on tangible book value. i would much rather being european banks then u.k. banks. unless you get a cyclical recovery, it is hard to see sustained value. aboutare big worries solvency that are probably isrstated, but i think it negative. guy: a few minutes away from the market open. adidas, we look at probably reacting to nike. we will talk about that in just a moment. the market open in nine minutes time. ♪ caroline: 7:53 in london. 8:53 here in berlin. the clouds are rolling in. looks prettyes happy. what a hit we have had over the last few weeks. the open a little bit higher. adidas up about 1%. nike saw a significant selloff to the tune of 7% in late trading. sales missing estimates. concerned that some competitors, such as adidas, snapping at their heels. could adidas

thank you so much, darryl moody, news radio host there in orlando. thank you for your time. >>> i want to bring in bill gavin again, former fbi special agent as we look at the images here from the helicopter. bill, i don't know if you can see it. at one point, you could see the robot, that robotic device rolling in there. and at last check, the reporting was that after it was confirmed that the shooter had been killed as they go in there. and there it is on the left side of your screen, there were robotic devices checking for other -- potentially explosive devices. tell us what could be happening here. >> there's a couple things in my mind right now. that is, this individual had obviously a long-barrel weapon, automatic weapon to accomplish all this carnage. my question is, they have to look at when did he enter that nightclub. did he shoot his way in? was he in there? how did he get in there? is somebody keeping track of how many people are in that club? do they have a bouncer at the door? all of those things have to be explored. right now -- then t

kate moody has more.te: at the foot of the eiffel tower, some 90,000 people will be welcomed to the paris fan zone. snack bars, shops, and nine giant screens will be the -- bring the excitement of each match to the crowds. there are fears that these could become easy targets and add to the already herculean task facing security forces. >> as far as i'm concerned, our police and security services have better things to do then look after the fan -- do than l ook after the fan zone. in a state of emergency, i don't think it is prudent to have them. reporter: organizers decided it was better to consolidate spectators in a controlled area. in paris alone, 1500 security agents will conduct checks backed up by surveillance cameras. >> the fan zones will be just as secure as the stadiums, with the same police presence and security measures. going to the fan zones will be safe. reporter: 80,000 police and private and 12,000 security guards will be deployed to protect both matches and fan zones. authorities have be

kate moody has the story. kate: it is a hot topic in british boardrooms. business leaders have backed the u.k. remaining in the european union in a letter to "the times" ahead of the vote. the companies together employ 1.7 million people and said their businesses would be stronger in europe. kate: the heads of barclays and anglo american mining are among those with hsbc and easyjet supporting the remain campaign. groups have warned of the dangers the brexit might pose industry at large. although none ofritain's biggest counties have come in favor of leaving the eu, the debate is far from one-sided. the heads of a pub chain are in the leave camp, as our small businesses like family run hovercraft company who feel they would have more freedom to operate without european regulation. >> we struggle with a lot of the eu directives and rules in a galatians out there. -- rules and regulations out there. the once specific to our business as well as general ones. kate: international firms have largely been lobbying for the status quo. french businesses including bn

kate moody has the details. kate: electric appliances, furniture, and even food, and your doorstep with the click of a button. express delivery service is up and running in paris. the prices are a bit lower than most supermarkets in france. i don't know any service in paris that can deliver so many products so quickly. ,ate: from its new headquarters amazon prime says it will deliver to most areas of the city within one hour for five euros and $.90. next hour is needed for customers in the southernmost neighborhoods. the service is stirring trouble with french authorities, who said the giant only informed them within days of starting the service. they say that amazon is trying to skirt rules. france needs some kind of regulation like we did for airbnb and uber. we want them to pay the same fees and face the same taxes. kate: local merchants also fear it could be a direct threat to their business and the neighborhood service they cultivate. stores like mine bring life to the neighborhood. we are all nearby. it wo

. >> kate moody, thank you very much.ll get more on the political angle with our washington d.c. correspondent in 20 minutes. also happening, in south africa, a new sentencing hearing for oscar pistorius, the former track star convicting of murder after killing his girlfriend, reeva steenkamp three years ago. behind bars,a year but has been released in prison and allowed to serve out the rest of his term under house arrest. he is being sentenced again after prosecutors appealed that decision. in french authorities are trying to stamp out football violence, which has marred the beginning of euro 2016 following clashes in marseille over the weekend. several people have been arrested and are going on trial today. 10 people are on trial monday. the violence in marseille. six british nationals come a one austrian person, and three french people -- >> for all 10 people, the principal crime was violence and for using makeshift weapons. the violence was against police forces and also against other football fans. a reminder of the

[applause] ladies and gentlemen, please help me welcome to the stage congressman alex moody. [applause] thank you, it is such a pleasure to be with you. congratulations on your efforts to take our country back from the far left who is intent on making it a socialist utopia that will be a complete failure. my name is alex moody and i am on my first term in congress from the great state of west virginia. i have been passionate about the political process all my life. father served as the army captain in vietnam. when a mother turned 20 years old, she was sitting in a prison cell in cuba. my mother was raised in cuba. when the bay of pigs invasion failed, they locked everybody up. she was able to flee and be accepted into this country. she saw an entire country taken from her by a despotic dictator, an evil person. because there is good and evil in this world. some people would have you believe it is differences of opinion and there is no objective truth and right and wrong differs for every person. that is not true. there is good in this world and there is evil in this world. t

kate moody takes a look. and a news a new day unpredictable world in london. the financial capital of the u.k. and of europe. in the short and medium term, the uncertainty of what it brings it means will create volatility on the market, with stocks and the pound-sterling in for a rocky ride. europeanre shifting operations to paris, frankfurt, or dublin, but some are optimistic that london's city will maintain its status. >> it is clear the city will have t to reinvent itself, but e , andy is the eueuropean c centr the fact that it is not in the eu is not the most crucial element. after all, london was the center of financial markets even before britain was part of the european union. >> as the brexit goes ahead, it --is anybody's guess how what will be the new normal. u.k. will have to renegotiate trade deals with its partners around the world. eu member states in particular could try to drive a hard barton that's a hard b bargain too discourage other countries from leaving. >> relationships with eu will be cap sooner or later. also joinu.k. could the free tra

involvement of kurdish militants. 4 people have been arrested according to turkish media get kate moody has more. kate: police patrol a security perimeter set up around the side of the tuesday explosion istanbul. investigators have made some arrests as they hunt for the perpetrators, while local residents and shopkeepers clean up the damage. >> the damage to our store is the most -- is not the most important thing. there should not be any more terrorist attacks in our country. damn them. we would be ready to give up our shops if our lives were safe. kate: at the hospital, president recep tayyip erdogan arrived hours after the blast. he vowed to continue turkey's fight against terrorism and put kk. finger on the p president erdogan: this is a struggle that will continue until the end of the world. the fight against terrorism isn't close to being over. the important thing is to minimize these attacks. police forcesnd are carrying out this fight together and will continue to do so. rip through surrounding buildings and morning rush hour. the bombs were remotely detonated in a major tourist

. >> reporter: a report from moody's analytic this week seems to back her claims estimating trump's economic proposals would result in 3.5 million fewer jobs. clinton will continue hitting trump on the economy during an event today in raleigh. hena daniels, cbs news. >> in the latest quinnipiac university poll clinton may be leading trump inlorida but in ohio and pennsylvania they are tied. >>> happening today krispy kreme is worried bus dunkin' donuts just brought its warm goods back to the bay area. in 30 minutes you can opt for glazed or jelly or even a pastry that's covered with sprinkles at their new walnut creek location. the east he could chain once ran 15 stores across california but closed them all down by 2000. the walnut creek store at 1250 newell avenue will be the first of several in contra costa county. >>> time now 4:42. beach-goers beware. shark sightings are on the increase on bay area beaches. where they have been seen. ,,,,,,,,,,,,,,,, frequently. police say in the first wee june alone... there were 33o burglaries reported, just in francisco's central di "h >>> auto burgla

you know when we are sleep deprived we are more cranky and moody. >> by the way, you have personal experience that brought you to this moment? >> i actually slept from sleep deprivation having done everything wrong and nine years ago now and millions of us because if we live in this delusion that burnout is the way to succeed and get things done when in fact now we know, including from when we get all of the sleep we need, which unless you have a genetic mutation, it means you can do great on four or five hours -- >> it's a very rare mutation. >> it's very rare. about 1% of the population. the rest of us need somewhere between seven and nine hours to be at peak performance. >> how many hours do you get? >> i get eight. 95% of the time. like in any life, there are things that intervene that make it impossible to get all of the sleep you need but the majority of the time i get eight hours. >> arianna, you recently joined the board of uber and uber announcing that it's in a partnership with walmart and will deliver groceries to people's door. what is your role? how did it all come about? >> it c

let's get more on this move, potential move out of moody's. senior equities analyst with us. and we have the senior editor with "fortune" us with. scott, this sounds procedural. microsoft is a cash cow. is this a concern of yours? >> look, i think it's fair to say that for some people it mate be surprising that a company with $105 billion in cash and investments would feel necessary to finance a transaction like this with debt. but that's what microsoft said. and when you have $47 billion in debt, adding $26 billion on top of that does cause some questions, no question about. that. >> what is your take on the deal? how does microsoft monetize this? >> the short answer, is look, when we look at m & a, we think about it in two kind of dimensions. one is the price and i think it's fair to say that they're paying a pretty significant premium. i think it's close to 60 times expected earnings for linked dms this year. on the other hand, the stock in november was $250 plus the share. microsoft is paying less than $200, right? so it seems like price,