stephanie baker co-wrote the story. stephanie, great story. people are obsessed because we still can't quite believe he is a republican candidate. stephanie: this story grew out of anecdotal comments we have gone from people along the way saying when they travel abroad, all of their getting is bombarded with questions about trump. and so, i think there is now a dawning realization that yes, he could win it. so, the questions are coming fast and furious. and i think that american ceo's when they travel are having to diplomatically answer this question without getting themselves into hot water. in europe asia and they are getting equal number of questions. francine: for some of the responses are on the humorist excited. they say it is colorful or kisses entertained. -- keeps us entertained. there are an asia, lot of questions. they do not think he can win. in europe the response has been they are concerned about rising, a symptom of rising populism and nationalism select what we've seen in some parts of europe. and i think the response has been

let's get more with stephanie baker, didier st. george. stephanie, thank you for joining us.a, thank you for sticking around. he have any authority left? what is he likely to say? stephanie: if he is convening an emergency meeting which includes executives from across industries. easyjet, techrom sector budget -- tech sector representatives. not all of them back a remain vote for the referendum. he is expected to call into an inner circle his most trusted advisors could he is going to seek to reassure them. they are going to seek to present their case for the best possible deal. francine: which is what? ,t seems that from brussels they cannot have access to the sigel market. stephanie: those two things are most concerning in their mind. they want access to the single market they want reassurances that eu's that should the eu nationalists have the right to stay. francine: d.c. this shifting, the power? do you think people will move outside london in european countries? didier: it is all about the european passport. if indeed they have the passport -- the passport is canceled,

stephanie baker joins us now. great to have you on the program this morning. ly is it that sorrell will have his pay voted down? stephanie: you do have a significant number of shareholders and property advisors advocating a vote against his pay. but it is unlikely, i would suspect, to get above 50%. that is what you have seen so far this shareholder spring. that there has been a lot of movement against executive pay deals, but they have not been able to muster up more than -- except in a handful of cases -- more than sort of 25% of shareholders voting against. packagein sorrell's pay is the second-largest in u.k. corporate history. but the vote today is on his 2015 pay package, only advisory at this stage. manus: stephanie, i am just wondering if he is as combative as usual, in terms of his response on all of this? stephanie: absolutely. you know,'s response is look at the shares price. look at it. it has more than doubled. his response, if i can more than summit up, is that he is worth it. anna: you mentioned the sort of investment shareholders bring, how does

stephanie baker joins us. so with us john wraith, carsten brzeski in new york. not the first time his pay is under scrutiny. stephanie: and he has refused to apologize, saying his pay reflex that company -- reflects the success of the company. i think the reports suggest one third, perhaps even more of shareholders will vote down his pay package for 2015. it is not a binding vote but it will send a message to the board to rethink their policies going forward. tom: when i look at this, what it tells me is two thirds of the people will vote for the pay package. how independent is the board? stephanie: this is the issue you have seen it other companies. while there has been rising excessiveainst executive pay deals, shareholders have not and it together enough to gain a majority to send the message to boards that they need to rethink their policies. i think the board has taken on some of the previous votes on wpp which have been significant, but i think this may be a bigger vote. tom: is there a distinction between underperforming companies and the fact that over th

stephanie baker, -- let's get back to geraldine sundstrom.you look at stories like that, it goes back to the quality. it goes back to the possible central-bank action. central-bank was always there to promote growth. it seems politicians have not taken that window of opportunity. you told me that growth is modest. are you concerned that if there is a major risk happening, we go into recession? why -- we ares is running without spare tires. there is a risk on the outlook. one in a couple of weeks and some may come that we do not know about. this environment of radical uncertainty that is leading people to vote for a safe haven. -- to go for safe haven. it is indeed compensated which is why we are running on a very moderate level of risk in our portfolio. francine: what do you buy? equities? we are seeing so much volatility on currencies. income.e: we go to save it doesn't mean negative yielding -- save income here at it doesn't mean negative yielding. in the euro area where nate -- where rates are negative, going into secure asset banks, certa

let's get more with stephanie baker. joined by anot her guest.e the messages then, that cameron is likely to give? is this about him giving messages, him telling the business what is going to happen? or is he doing the listening? >> most of the people on that group supported "remain," but not everybody. anna: whitbread, though? >> whitbread did support "remain." i think what they are going to do is to try to figure out a way for business to work with government over the next few months, so they make sure they get a good deal, their voices ar e heard, and so they will restore confidence. they will discuss whether or not corporation hacks will follow next april, what likely steps can they take to reassure given the political uncertainty in the fact that both political parties in are ia state of crisis. anna: when we watch what is happening now in markets, rubenstein does not believe that article 50 will be filed. he does not believe that a brexit, in the true sense, did will nevrer really happen. although it is said that denial is one of the first

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