and down through the alps, and there into northern italy, just a lading edge of a coffee which by the way, will bring some cooler temperatures as we look ahead to your weekend even extending into turkey, off to the ukraine, several reports of tornadoes out here, some heavy rainfall as well. actually some thunderstorms, a high of 22 there, in your forecast on thursday. vienna as well, but paris, a welcome sight, 23, sunny skies there through the latter part of your workweek. let's look at the americas now, where we do have actually a trough spilling in across the rockies. that's firing up some thunderstorms there into the high plains. travel plans there. your planes may be trying to avoid some of those, but i think one of the bigger topics is the area of high pressure spilling in across the great lakes region. this is not bringing weather, but cooler temperatures, more early spring-like, so the leading edge, we have the stationary boundary, the tail end of this moisture, what's left of colin, but that's bringing some heavy showers into the southern areas of florida peninsula, miami inc

now let's pull in towards the east of the behind it another storm system and also into northern italy you're looking at a chance of heavy rainfall, but also the threat of hail and thunderstorms you really want to watch out for. a few of these cells continue to develop. i wouldn't be surprised if you see a stray shower or two, wrapping around with this paris if, as well as over towards madrid. in rome, just south of that front, it looks like partly cloudy skies, a high of 31, nice and warm out there. all right. let's move over here towards the americas. still have that threat, even on the satellite picture on wednesday evening. there's that cell blowing up along the ohio river, there's that threat of flooding, and also chance of damaging winds as it does continue to push toward the east. still got the severe thunderstorm threat stretching over into parts of northern alabama and mississippi, you could be seeing that threat come through with the thunderstorm or hail. tornado chances are there. i think it should be tapering off. also behind it's very dry conditions, fire weather possible

do it thanks to the latest project by the latest crystal, called the floating pier located in northern italy up of more than 200,000 cubes. the installation expecting to draw half a million visitors nutrition is a word getting thrown around a lot these days. but do you really know what it means? no. the answer is no. because it's complicated and science-y. but with my nutrition mixes, you don't have to worry about the science. you can just put it in your pie hole. mmm peanuts, pecans, cashews. i'll have another helping of science, please! so whether it's energy or heart health you're after, start optimizing your nutrition with my specially mixed nutrition. planters. grain free pet food committed to truth on the label.l when we say real meat is the first ingredient, it is number one. and we leave out corn, wheat and soy. for your pet, we go beyond. sir, this alien life form at an alarming rate. growing fast, you say? we can't contain it any long... oh! you know, that reminds me of how geico's been the fastest-growing auto insurer for over 10 years straight. over ten years? mhm, geico's the co

you're going to start the see the league of the north in northern italy.bably another round, maybe futile. a policy which takes us to where we were a week ago. >> i keep one index of ten large stock markets around the world. it's simple. i don't do anything elegant with it. it's not weighted. swrus the ten largest arn the world and in the last since may of 2015, it is down even as of tonight's close, 17%. it was down 9%. if it weren't for the united states, for brazil and for the canadian stock markets, the global stock market would be down about 25%. that's some bear market and i think people have to pay attention to that fact. yes, the united states may be different. i will grant for fact that the federal reserve bank is not going raise rates this year. may not next year. but in global term, stocks are down. 17% from may of a year ago. that's material and that should be paid attention to. >> dennis, great to see you. thank you. >> don't sell everything. >> he's quietly bearish. thanks. you would sell everything. >> no -- i actually wouldn't. i think ther

it's covered in orange fabric a lake in northern italy. it opens today and will be around for about two weeks. how about that, you can walk on water. maybe turn some water into wine while you're at it. >> i can already do that. i don't like to brag. >>> coming up as americans brace for airport headaches during the summer travel season an exclusive behind-the-scenes look at the tsa's new strategy to keep those security lines moving. we hope that strategy works. we'll tell you about it coming up. >>> first here leo dicaprio may be starring involuntary in a real-life courtroom drama. >> a judge has ruled that the actor must answer questions in a $15 million lawsuit surrounding that hit movie "wolf of wall street." and abc's david wright is here with more this morning. hi, david. >> reporter: good morning, paula. good morning, dan. this is one casting call that leonardo dicaprio probably would rather give a miss, a deposition in a lawsuit brought by a former executive of stratton oakmont, the executive claims the movie damaged his reputation c

so the artist has installation in northern italy that would allow people to do just that. up of 200,000 floating cubes that will eventually be covered in yellow fabric. the cubes are anchored to concrete blocks on the lake floor. it connects mainland with two island in 9 lake, normally only sesable ab accessible by boat. it is opening june 18th. entrance is free. it cost $17 million to build. you might recall, the artist created these central park gates back in 2005. >> it is basically a walkway. >> but it is ice cubes. >> cubes covered in fabric. >> are they like -- >> moving? >> -- moving? >> even if they are anchored -- >> you're kwiind of -- it is li a dock. anchored in some way with you you can walk around it. >> and they have lifeguards around the clock? >> do they? >> they have lifeguards. actually, all you need is j.k. simmons. graeb t grab people, one in each arm, and go. you want to do the weather with me, bud? charlie, come on over. you can help me out. when i tell you, just hit the button. boom. there you go. one more time. little harder. boom. boom. there's so

and wilderness area in northern canada. >> i was in italy. and netflix could not get launched in italy. but i could watch curiosity stream >> in just a few years, they're in 196 countries and expanding their state of the art offices in silver spring, maryland. >> we have about 35 employees, and we're growing really rapidly. this is where they put together and produce all of the great films and content. >> produced. >> the growing library of nearly 1500 films are all carefully hand-picked and produced. sometimes, inspiration from an advisory board, which includes via heavyweights like this. actress glenn close. even singer ton hen -- don henley. they can't find it. they'll create it. and they're always looking for what's next. >> think the future is virtual reality. and based on that. be able to travel anywhere in the world. in your own living room. we're headed. >> be able to go to the great wall of china? >> yes. >> imagine. that the service itself can cost less than $3 a month. and some of the films are less than three minutes while others

the right wing of european politics, italy's northern wing saying it is our turn after the u.k. another country where there might be reconsidering, certain parts of the political scene reconsidering the european future is france. the front national has called for a referendum. harrowing is in paris. caroline: yeah, the national front was very quick to react this morning, the first party in france to react, calling for a referendum in france on leaving the european union. and the euro currency. accountonal twitter says that breaks it was a victory of freedom, and that she would be happy to see the referendum happening in france. it was once impossible, yesterday it has become possible today. she says she has been calling for a referendum in france for many years. effect last your i talk to her, she was saying that after brexit, would come frexit. she even asked me to call her madam frexit. she is been campaigning the last two months, not exactly in the u.k., because she was a very welcome in london, with brexit supporters, but he has been campaigning in the press and also in vien

northern ireland. >> what about france, italy, portugal, spain?> you'll have all sorts of movements whether from the far right in. netherlands. france will be calling for frexit. the knock-on effect is very real. this is -- it's easy to sound melodramat melodramatic. but people take the peace and prosperity for granted. they focus on the bad things, the inefficiency, overregulation, democratic deficit. but this is playing with history. and people will look back on this and say this was a colossal mistake. people went to the polls without understanding the full consequences of what they were setting in motion. and a lot of history will be divided between before and after the brexit vote. it goes far beyond whatever gyrations happen in the market this week. >> richard, this has to be seen as a vote against a lot of the institutions. >> absolutely. >> this is against the status quo. when we hear things coming from christine lagarde, the imf. similar statements from the wto. we've heard statements from the bang of england. all these institutions that

italy, all have parties pushing for referendums. and will be watching closely to see how britain fares. not only other countries are watching closely. scotland and northern ireland voted to remain in. the minute sister at scotland said another referendum of scottish independence is back on the table. the united kingdom may not be united for much longer. lou. lou: thank you very much, benjamin hall reporting from london. donald trump said as president he will strengthen america's ties with a free and independent britain unlike president obama who said he would relegate them to the back of the line. joining us tonight heritage foundation chief economist, steve moore, also one of donald trump's economic advisors. john browne euro pacific market strategist. former conservative. and former advisor to prime minister margaret thatcher. john, british are independent or soon to be on this vote. markets recoiling and filled with turmoil today. overreaction or much more to expect? >> no, i think today's reaction was very much to expect that after such a great change everyone was banking on the another decision we remain, particularly city of new york and financiers

italy and france are in no mood to wait on british politics. they're refusing to begin negotiations with london until they see a formal request to secede. meanwhile, scotland and northern considering possibly leaving britain to stay in the eu. and some in the uk are pushing for a second referendum to reverse the brexit vote. charlie d'agata reports. >> last week was week bregret. meanwhile, the pound plummets against the dollar, down 3%. after a 10% drop friday. the lowest in more than 30 years. >> treasury chief george osborne's this morning was to be bland and reassuring. keep calm and carry on. >> it will not be plain sailing in the days ahead. but let me be clear. you should not underestimate our resolve. we were prepared for the unexpected. we are equipped for whatever happens. >> reporter: a whole lot has happened and markets hate instability. david cameron, the lame-duck prime minister who fell on his sword still has to run the country in crisis but he will be gone by october. the favorite to replace cameron and calm the storm clouds, gathering over the government, is former mayor boris johnson. but he led the campaign to lead. >> all people want to see is a sye

northern and other lines. without the u.k., there is no one to help form the two new european unions. what you think of something like that? germany: look, i think will stick with france and italy , and they should not have this hope that we will break it out. we do not want a government of europe. [indiscernible] dream of some a people, but not reality. elmar, thank you for joining us. thank you for your time. scarlet: all right, we have begun to monitor trading in the agent markets and we will look at currencies. on my bloomberg, i have pounds-dollar, and we know the pound tumbled on friday. it has extended that decline in early asia in trading and there is the move. i will zoom in so you can see it. it looks minor -- alix: that is a dropper sure. 1.2%.t: that is a drop of in total the, you're looking in a 9% slump in the last deed of days. that is not the only currency pair trading. we are looking at euro-yen as well. the euro down 7%. there is a decline on friday and there is the decline this morning in asia and trades. euro-yen trade is definitely be one to watch going forward according to one analyst. there is pounds-yen. the pound versus the yen, losing 13% of its value

italy. all have parties pushing for referendums. >> they'll be watching closely to see how britain fares. it's not just other countries who are watching it closely, scotland and northern ireland voted to remain in the european union and the first minister of scotland has said that there will be another referendum on scottish independence on the table soon. so the united kingdom, chris, does seem as if it may not be united very much longer. back to you. >> benjamin hall reported live from london. benjamin, thank you for that. >>> president obama personally campaigned for britain to stay in the eu, a move that angered many in that country but now dealing with the results, the president had a more subdued reaction. correspondent kevin corke reports on mr. obama's change of tone. while the uk's relationship with the eu will change, one thing that will not change, is the special relationship between our two nations. >> knowing he was more than 5,000 miles away from its epicenter, president obama acknowledged a major global shift in politics as britain voted to leave the european union. >> it spokes to the ongoing challenges raised by globalization. >> in many ways the outc

italy, that's where earnings can bounce back. you're down between 40% and 60% from the peak if you look at where earnings growth is, so that is the opportunity. more in southern europe than northern europe definitely. >> we'll take you back to the u.s. and the fact that many people say, look, it will be a shallow increase, whenever they start to get more rate hikes in, would the fact they are going to hike less amplify the impact of each 25 basis point hike? if you go back to what they did in december, the effective tight anything we got there was, 150 basis points? >> exactly. i think they will do less. it's a shallower cycle. maybe 250 basis points, not 400 or 500 basis points. that means each interest rate has more potency than otherwise, definitely. >> we have just been waiting for ecb's vice president to speak. he's just made a couple comments here saying we need to avoid reforming regulation on banks, increasing the incentive for risky leverage buildup outside the sector. nick, what do you think of that? >> there is definitely risky leverage building up in some places in the economy. that's partly because of the effects of zero rates. i think they want to get the corporate

i am back in italy having the time of my life and working out at the gym and nine months later, my buddy comes up to me, arthur brown from northern california and he has a stupid smile on his face. he asked if i read the newspaper. i'm ready for it. he said we're not going to iraq for 12 months. will go to afghanistan. bummer for you guys. we will go for 15 months, not 12. he said the stop movement is in effect. if you are to go somewhere else, you're not only will stay here and we will deploy again together. i had a buddy going to alaska and hawaii and i just heard they are not going anywhere but afghanistan. i felt bad for my buddies. if the military deems you keen to central, they don't have to let you out of your contract. they will call you back but if you're still there, they just won't let you go. son of a gun, right there, the first contract ever signed in my life is with the united states army in the first contract where i fulfilled my side of the contract and then felt cheated from them was the contract i signed with the government. -- with the united states government. i wasn't going to go after school or hanger with m

italy 1-0. >>> belgium also qualifies after a 1-0 victory over sweden. here's a look at the teams advancing from the groups stages including rivals northern ireland and walesf the smallest nations in the tournament, is set to play england on monday. >> good luck, iceland. >>> donald trump is known for his brash, off the cuff comments, especially during his raucous campaign rallies. >> in a bid to look more presidential and stay on message, the white house hopeful is learning a new way of speaking. cnn's jeanne moos has the story. >> reporter: the teleprompter may once have prompted disdain from donald trump. >> we should have a law that when you're running for president, you're not allowed to use a teleprompter. >> reporter: the donald would have broken that law a handful of times by now. one critic calls it it the teletrumpter. >> reporter: still a little wooden, he's getting a little bert. when he stumbled, he caught himself with an ad lib. >> a total and -- look, this was one of the beauts. >> reporter: there were lots of li little ad libs. >> god help us, we just can't take it dmemore. >> reporter: and one particularly soulful one. >> americans -- amer

i'm back in italy having the time of my life and working out at the gym and my buddy comes up, arthur brown from northerncalifornia, he has a stupid smile on his face, dude, did you read the newspaper. just tell me because it's going to be dumb. they said we are not going to iraq for 12 months we are going to afghanistan. bummer for you guys, we are not going for 12 months, 15 months. that stinks. he said they're in effect. stop movement ifs you're supposed to go some where else you're not you're going to stay here and deploy again together. i had a buddy going to alaska and hawaii and all of a sudden they're not going anywhere but afghanistan. i started feeling bad for my buddies. if the military deems your team essential they don't have to let you out of your contract. they will call you back, they won't let you go. i said, well, that kind of feels like -- you're coming to afghanistan with us. the first contract in my life was with the united states army, i fulfilled my side from the united states army, the first contract i felt cheated was with the united states army. i wasn't going back to the states