mr. carney will be very careful to tread the line. the bank doesn't want to be drawn into sides as far as the story is concerned. obviously he's already come out and said he's concerned there may be a liquidity issue if there were to be a brexit vote. so as you would expect mr. carney is preparing the bank and the government and saying we can put contingency plans in place to make sure we manage any volatility that were to come from a brexit vote. so i think that is pretty much as read. what we will be interested in of course is to find out whether he is prepared to comment further on remarks we've heard from george os burn, the chancellor who has said the bank could have a tough job with both inflation spiking and growth falling as a result of the brexit vote. not everybody agrees with that analysis. that is the treasury's view. that is the government's view. and that is part of a campaign to try and keep the uk in the eu. so we understand why george osbourne is making those points but mr. carney may be under pressure to address some

mr. carney is casting the pigeons at the press conference saying that if britain does vote to leave the european, it could lead to a recession, and i don't believe anybody was expect iing him to be so blunt. and the sharp fall in the uk pound in the vote goes that way and less investment, and the jobs if voting to leave the european union, and in is going to infuriate the vote out campaign, but it is what has been said at the bank of england and from the helm. and some call the uk pound down 15 or 30% if they vote to leave. it is debatable, but what you need to know in london at the moment is a lack of public research from the banks, because they believe they can be clobbered by the electoral commission, because they are not registered as participants. we know that bank of england has three windows in the run-up to the vote on the june 23. so they will have a chance to get the liquidity they need for their positions. the banks so far this year are down 0% in europe, but some of the insurers have bounced today. and in subject to bou-- to the bounce, john kerry is there in london for the anti-corr

mr. carney is not on the fence on this one.re it sat and the downside risk and everyone has been looking at this, on a balance of risk, the right trade right now is to go along stirling. is that how you see things? >> in the last four weeks, all the people who were short have been squeezed out. even if the opinion polls are results don'ting tell is the outcome, the big decider is who turns up to vote. that is difficult. anybody who would place a bet at this moment would place it on the likelihood of staying in. that's the more likely outcome. sterling has fallen from 170 to 139 and is back at 145. the market got very short and maybe this afternoon will tell us there are still short positions in sterling eating taken on. i don't know how many people are loading up with bullish positions this early in the game. >> we have had a series of the list positions on the u.s. dollar -- bullish positions on the u.s. dollar. does the concern about brexit make it more of an attraction to investors looking to partner cash? yes, to u.k. inves

students who graduated tonight in front of friends and family at du pont fieldhouse in carneys point. lot of pride mrtonight. >>> still to come on "action news" tonight, party crashers, this time if is the democrats, not the republicans who are at odds. plus, the controversial comments causing ed rendell to issue an apology tonight. >>> google unveils the next advice it wants you to buy and a time-saving feature for android phones. >>> cecily? >> it's been an unsettled and cool week with afternoon highs below the normal. finally i'm tracking a warm, sunny day. i'll let you know when and have detalts on kind of a 50/50 weekend in the accuweather seven-day forecast. >>> ducis rodgers with the phillies nd a fight for first place, and it's a girl for adam joseph. when "action news" continues tonight. >>> we have breaking news tonight and this is just in now. there is word that flight 804 of egypt airlines has disappeared from radar on a flight from paris to egypt to cairo. this flight has 59 passengers on board and a crew of 10. there is absolutely no word on what may have happened or exactly where the j

carney. they found it the election of a populist like bernie trump and -- or mr.rs would prompt more corporations to scaled-back outlays. in ireland, ed mckenney ninth have to wait another week before he's confirmed for his second term as prime minister. he's lost three votes in parliament since his coalition was defeated. last week the two biggest parties reached an agreement, paving the way for him to lead the minority government. he still leads the support of independent lawmakers. the hit musical, hamilton, grabbing a record-breaking 16 million tony award nominations. the hip-hop flavored biography of the first u.s. treasury secretary was nominated in virtually every category. the tony's will be awarded june 20. global news, 24 hours per day, andred by 2400 journalists 150 news bureaus around the world. david? kathleen: let's take -- david: let's take a look of the biggest movers, starting with raw sugar. according to people familiar with the matter, the eu has eighth -- members -- member states about copper, falling again on does -- on the concern that metal

news, except mark carney laughter tread carefully when he talks about the brexit and the referendum. ♪ tom: all eyes on london, on on the washington capital. paul ryan will meet with mr. .et's get right to it timothy o'brien, who knows more than all on mr. trump. writing a scathing piece yesterday, poker night at the treasury department. mr. trump seemed to suggest he would put the reputation and credit of the united states of america at risk by telling global bond investors that he plans to cut our national debt i giving them trillion dollar haircuts. of his book.cause it is extraordinary. this is definitive on early trump, trump nation. he is the expert. .ou are fired up about this it is not global investors that will take the haircut? : the sanctity of the federal debt has been in porton since the beginning. you wrote the book on this. that thehas been clear death of the federal government and states during the revolution needs to be repaid. after the civil war we had a higher debt. it was in the constitution. in the 14th amendment, it says the federal debt repayment should not be questioned. it is in the constitution. tom: esther trump is questioning it? robert:

mr. staley's strategic plan. ♪ tom: we welcome all of you worldwide. francine lacqua in brussels cruising the financial ministers' meetings. i am tom keene in new york. governor carneyfor the bank of england, tiptoeing brexit and brough emain, saying all of the expected things to take early on sterling and rate dynamics if we get a remain vote. governor carney in testimony today, very careful, and we heard that from our simon kennedy earlier. right now with the bloomberg business flash in london here is marriage a hitch. -- narrative hitch. is recalling almost 1.6 million vehicles to repair faulty airbag inflator's made by takata corporation. federal regulators said up to 14 million more cars could be recalled. 29 million have been recalled before that. a sign of the growing backlash over lackluster hedge fund cuttingnce, -- they are fees. clients will still have to cut -- pay 2% of assets. tudor suffered declines last year. cashed in when housing collapsed a few years ago but he bet the wrong way on falling oil prices. snapped up shares of oil producers and his main fund is down 7%, his third straight year of losses. that is the bloomberg business flash. tom: thank