sent and the u.s. lomats around the region to rally support, but the chinese 'sesident also outlined priorities, saying he wanted to continue peaceful development of the chinese military and increased dialogue with his u.s. counterparts. treatyateral investment the u.s. has been pushing hard for, he mentioned that as well. the u.s. has been waiting for the chinese to produce a negative list of sectors where u.s. corporations would not be able to invest. the u.s. are keen to get this bilateral treaty off the ground. the chinese president suggesting that it would be a priority for the chinese as well. he said we need to shelve our differences and find common ground and said the pacific should not be a battlefield for different parties after this great build out in the south china sea. he said he would redouble efforts on supply-side reforms. we have been hearing that consistently from the chinese government, but questions leaders around the world want to know is how much progress is being made. when we sp

the u.s. llar. have the dollar against the chinese currency as well. jack lew is in china. 6.56 is where we are for the chinese yuan. dollar at the lowest it has since 2013 versus a basket of peers. we will talk about the conversations between the u.s. and china in a moment. crude.saying macy's $60 it jumped 2.7%. stocks continue to move gently away from their loads. let's get our first look news. debate is heating up with the former mayor of london they are johnson -- london boris johnson. said there was something worryingly undemocratic about the eu. they both spoke to bbc. >> they have begun campaigning and tried to feed out to the british people a whole galaxy of inaccurate and frankly untrue information. is telly have not done us what would be the position if we were to vote to leave. i think it would be chaotic and damaging and the people who would suffer the most would be the ordinary everyday man and woman in the street. lives arepects of our now controlled through the eu from brussels

vietnam calls on the u.s. ed to reflect our first normalization of relations starting to decay in our comprehensive partnership. we have a lot of other areas such as education, science and technology, people to people exchan exchange. we can further advance our cooperation in these areas. vietnam appreciates the u.s. continual assistance to vietnam in all these areas. including in the area of innovation and startup. since the achievements of the 1, 2, 3 agreement we are looking to further promote cooperation in the area of civil nuclear energy. vietnam expect that the u.s. will further assistance in dealing with climate change and sea level rise in the mekong delta as well. vietnam has now more than 19,000 students studying at universities in the u.s. ranking first among the southeast asian nations. and number 8 across the world. we welcome the establishment of the fulbright university in vietnam and other university partnerships to further accelerate our education cooperation. today every year more than 500,00

here in the u.s. the u.s. central bank is ready for whatever happens. >> markets have been very responsive to changes in the polls clearly so the vote could certainly bring on significant volatility. if that happens financial conditions could tighten and it could have an economic effect and we could feel that as well. we could feel that if there was significant risk with the dollar so we would have to take that into account in setting monetary policy. >> despite the reassuring tone janet yellen had to remind the house services committee that stock markets are not figuring into the fed's decision making process. >> it is not a third pillar of monetary policy. we do not target the level of stock prices that is not an appropriate thing for us to do. >>> home sales rose last month to a nine year high suggesting that the housing market is strong. sales of existing homes rose nearly 2% in may to an adjusted annual rate of more than 5.5 million. that's the highest rate since 2007. at the same time the median existing

vietnam appreciates the u.s. vietnamd assistance to and all of these areas, including in the area of startups. as the achievements of the 1,2,3 agreement, we are looking to further promote cooperation in nuclear energy. vietnam now has more than 19,000 students studying at universities in the u.s., rick and first among the south east nations. and we went from the establishment of universities in vietnam to further her education cooperation. today, every year more than 500,000 americans visit vietnam each year and week encouraged to -- we continue to encourage greater numbers of tourists, students and businesses for these countries. we always recognize those overseas, including the u.s., as part of the nation and facilitating those ties with the the roleand appreciate of relationships with the host country. in the statement of 2015, the two countries recognize the success of the vietnamese community in the u.s. and their many contributions. and to better the u.s. and vietnam relations. on regional and global issues

on the u.s. side, there are many who say, well, there wasn't really the fulfillment that should have happened in that regard. and there are hopes this time that westinghouse will be able to fulfill in terms of making the breakthroughs, offer for six new reactors, and there is the hope on the indian side that india will become a part of the nuclear suppliers' group. but the reality is that that arrangement, the deal has been fundamental to progress on economic and strategic sides. the united states today is the largest defense supplier to india. $14 billion over the past couple of years. i expect that trend will be taken forward with this visit. everybody knows about the d, ti -- dtti, the defense trade and technology initiative. those matters are going forward, and i expect that there will be announcements which take that forward. so this is a good time for consolidation, bringing together gains which have happened economically, strategically and in furtherance of mutual values. but there's still

the u.s. who are active in indiana have been active for many years and are strong investors and strong contributors to the indian economy. in many respects, they are seen as indian companies sometimes. what's less well recognizes there are many indian companies active in the u.s. we did a report last year where we estimate that indian investment in the u.s. has created 90,000 jobs in the u.s. investment and it's an illustration of the bilateral relationship and investment flows and economic benefits going about directions. -- going in both directions. bilateral trade is currently dollars.on th the aspiration is to take it to $500 billion. for it to happen, went to have the right expectation of each other. it seems that sometimes u.s. expect haitians of india on an is that the u.s. expects india to be like china. it to be systematic, organized, top-down, everything happening has announced in plans. u.s. should expect india to be like the u.s. expect a noisy democracy to operate like a noisy demo

the u.s. to prevent such incidents from recurring to further tighten discipline, and to fully cooperate with police investigations. >> abe says the japanese government will introduce its own measures to secure safety. he said that includes putting about 100 additional police officers on duty in okinawa. in okinawa a bloc supporting the governor has secured its majority in the prefectural assembly. the pro-onaga bloc won 27 seats in the 48-member assembly in the sunday vote. that's three more seats than it had before the election. the bloc includes politicians from the japanese communist and the social democratic parties. the election was mainly fought on the issue of u.s. bases in okinawa. more than 70% of all u.s. military facilities in japan are located in the prefecture. onaga hailed what he called a great victory. he said the outcome showed support for his pledge to stop the planned relocation of u.s. futenma air station. the japanese and u.s. governments want to move the base from a densel

ana: in the 1970's, the u.s. and mexican government, for the -- decided served that mexican workers hadin that country. the 1970's, after 1973, this idea starts to become very popular that mexico is going to bury -- very hybrids of population growth. having such large numbers of people in the country is no longer seen as beneficial for modernization and economic growth. it seems, as it can be potentially very harmful for the nation. it is too many workers. the mexican government officials in favor, the departure of mexican citizens. if you think about it, where does this leave a lot of mexican citizens? government that does not want them to stay in her own country, but to go to a country that considers them a legal. that does not do them as rightful citizens or ask for permanent residence. in the 1970's, the united states is going through a very severe recession. the idea of illegality starts to rise up in united states -- starts to rise up and the united states becomes very, very popular. they are not really welc

vietnam calls on the u.s. to totally lift the arms embargo on vietnam and believe that this element or barrier of the past should be removed to reflect our first normalization of relations starting to decay in our comprehensive partnership. we have a lot of other areas such as education, science and technology, people to people exchan exchange. we can further advance our cooperation in these areas. vietnam appreciates the u.s. continual assistance to vietnam in all these areas. including in the area of innovation and startup. since the achievements of the 1, 2, 3 agreement we are looking to further promote cooperation in the area of civil nuclear energy. vietnam expect that the u.s. will further assistance in dealing with climate change and sea level rise in the mekong delta as well. vietnam has now more than

the u.s. has the capabilities to execute all options if the president so ordered. we need to set the theater in the years ahead. we have that capability there today. we still have more capability in the middle east than the u.s. had prior to 9/11. that will come under increasing pressure from demands in other regions, in europe and asia, where there is high demand for more u.s. military presence. also budget pressures here at home. also the sense of jcpoa having solved the problem, being less of a demand for u.s. military presence. we should commit to maintain that. that includes aviation, maritime, ground presence. maintaining a carrier battle group. second, planning, making sure that this needs to remain operational. we must maintain the military planning for all options. a little history is important. when obama administration came into office, the planning was not in the shape that we had expected it to be. 2000's --ing in the secretary gates initiated a a series of efforts that secretary o

mark: the u.s. e court once again decided to stay out of the growing debate over a assault weapons bans. they refuse to question assault weapon ban and left rulings that the they comply with constitutional right to bear arms who did republicans on capitol hill are expected to block to democratic proposals to gunnd background checks and sales to suspected terrorists. they say the amendments threaten the rights of gun owners and offer their own -- offer their own alternate that democrats are expected to block. were learning more about the orlando nightclub shooter, over at tea. the fbi released partial transcripts of his calls to 911 and crisis negotiators. the killer identified himself as an islamic soldier who pledged allegiance to a terrorist organization which was bent on killing americans. quick ntill the fbi says omar matee was radicalized in the united states and not by a foreign terror group. he told the crisis negotiator that the u.s. needed to stop bombing syria and iraq and after criticism,

that may affect the u.s. steel market. chinese still exports are surging, raising questions about if western countries may impose higher tariffs to stop china from flooding the market. this has huge and locations during a u.s. presidential race. joining me now as ken hoffman, head of the mining research for bloomberg intelligence, who literally greets it every single day. some china imports are incredibly high, like 250%. could they get higher? when filing trade cases against china, they don't even respond. they don't even say we have a problem, that makes the u.s. authorities impose one of the highest numbers they can. pretty much before those numbers is shiftedat they to around the world, then it gets reprocessed. >> are we going to see some sort of nuclear option? the nuclear option being we are never going to import anything ever again. have seen is the u.s. has some a different trade cases. that is why steel prices are much higher. u.s. steel has filed a section 337, which means the chinese have spoken in -- have stole

if the fed will not raise rates, the u.s. ar will get weaker, which means it will be more expensive for exporters in japan in new zealand as well, which will influence the decision on thursday. >> absolutely right. look at what is happening in japan. they are printing asthma money as they can, and the result simply say that you have a weaker nikkei and a stronger yen. if you cross over to europe and look at what mario draghi is doing, it is the same result, european stocks are down. there, but are not you're right, a stronger currency against the u.s. dollar makes it harder for central banks, if anything, they have to ease more. otherwise the markets are addicted to liquidity, and any time you get disappointed, you'd get a selloff in equity markets. angie: do you think this we could be an inflection point for market mood? >> i'm not so sure, because when i look at the markets i think of three different things. policyst thing's fiscal and politics, and that is pretty messy. you have elections in the u.s., australia. you have th

and clearly going to be crucial in the u.s. obally as well. >> nearly won in austria for --. >>> we are approaching the top of the hour. so that means we're getting ready for "squawk box." andrew joins us now with a look at what is coming up. >> good morning. and i'm adding one article to the list. >> back in favor of must reads today. yesterday you were destroying it as a segment. >> i was suggesting sometimes it is not a must. today i have a must for you. article called why time-starved people are happier. it is about whether you like time or money and which people would prefer. it gets to interesting issues about the psychology of the way i think many of us and i know our viewers think about the world. >> what do you want andrew? >> time. time. i want sleep. >> can't you have both? >> aren't there other choices? >> it's zero sum game. one of the two. >> real quick what we have coming up. we're going to talk a lot of polit ticks as you can imagine. bill richardson and judd greg going on on the show in the 8:00 okay. and thun t

all of that will continue to wait on the u.s. economy and the global economy for a long time to come. i don't expect the type of most we saw last week will continue to happen over and over again. we may see some more moves in the next several weeks. of move, i don't think we are in the same crisis. i don't expect that at all. host: visited him -- there are stories in a paper saying the eu setetting on this quick, or a more exaggerated timeline of the united kingdom or britain wants to, does that play into how it affects us? guest: absolutely. any uncertainty will cause business leaders to say do i really want to invest in this process? if i don't know what the outlook is going to be? uncertainty prevents those investments which keep growth down. that is what you have business leaders saying, u.k., let's get through this process quickly. the head of the imf, madame guard said we must deal with the new relationship and what it will be. yet some leaders calling for that. time, the process takes at least two years to exit the relation

the u.s. up and some of the top players in the clubhouse. in soccer, the u.s. men's team beat ecuador in the finals. we will have all the highlights for you. you are watching "fbn:am," your first look at morning markets and breaking news. nicole: 5:15 a.m. here in new york. the haircut but what's happening now. but in deep shock after a member of parliament was fatally shot and stabbed. jo cox was a vocal advocates for what it's remaining in the european union. the killing happened in week ahead on whether britain should remain in the european union. both campaigns have suspended their dvds. philadelphia has become the first major american city to pass a tax on soda despite a multimillion campaign by the beverage industry to block it, tax takes effect january 1st. senator redstone, the biggest shareholder in that five viacom directors including ceo from the board. the move marks a major sector is a management shakeup at $20 billion media company. let's check us out market futures. today relatively flat. the unchanged line. s&p futures down one. nasdaq futures at

the city of laredo, u.s. ustoms board and protections for access to our locations while we were in the laredo over the past few days here at all of the officers and agents there who spoke to us while we were on the ground back in april. letting our viewers get a better idea of what it is like to live in this border town. we are

the u.s. slave-holding republic did not accept benignly this haitian revolution. you may recall that in the 1820s, you had a massive movement of the so-called free negro population, from north america to haiti. they were moving to haiti to not only escape the persecution they routinely encountered in north america, they were also intending to bolster and fortify haiti, this independent black republic, and play a key role in terms of keeping this independent republic afloat. you should also know that once upon -- once escaping to haiti, they did not forsake and forget their brothers and sisters here in north america. there were abolitionist societies on the island of haiti which were very much involved in helping to stir up antislavery sent independent the united states of america itself, and that leads to the second half of this story, which is that the united states, circa 1844, helped to instigate the splitting of the revolutionary island of haiti. recall that this small island in the caribbe

job stay in the u.s. a good number will bolster the case for a june hike, but u.ficials warn that the e. referendum could steal the thunder. could the global markets catch a cold from china's capital outflows? we'll discuss the sinking yuan and the warning from goldman sachs. ♪ let's get the bloomberg business flash. has secured $63 billion from five banks for its pursuit of monsanto, according to people familiar with the matter. selected bank has of america, goldman sachs, hsbc providemorgan to 12.5 billion dollars in short-term loans. it would create the world's biggest supplier of pharm chemicals and seed. more private equity firms are said to be interested in takata. bain capital and pag asia are evaluating bids. takata is facing billions of dollars and recall cost for potentially lethal product and appointed external committee in february to draw up a restructuring plan. with yahoo!'s management to discuss a possible merger according to the new york post, citing unidentified people familiar with the m

if anybody here believes that, you know, the u.s. homeland is her metticly sealed and that daesh or sigh still would not consider that, i would guard against that. >> for more let's bring in hala gorani in istanbul. . what's the status of the investigation at this point? >> reporter: well, it is an absolute deluge here outside ataturk airport where investigators are trying to figure out exactly who carried out these attacks, the triple suicide bombing. they continue to look at vivi surveillance video, as well. and we're learning more. there were three individuals, one of the three men detonated a suicide vest outside of the terminals, we understand take at least one was inside the departures area after shooting his way in. and another one of the three suspects in the arrival terminal where there is a lot less security. remarkably today is a day much like any other at ataturk airport. the airport opened a mere five hours after this devastating attack that left 42 people dead before we're also learning more about the nationalities of th

gdp is growing at a much faster pace in the u.s. compared to the eurozone. early, they're trying all different tools to encourage end demand. and they're not getting to where they want to get to. u.s. is at a different stage which is exactly we're we're talking about rates. >> the ecb is in some kind of position to hike? >> absolutely. >> some would argue for valuations for the u.s. and europe. even if they're concerned about relative growth there's more value in certain european stocks? >> valuations are always better compared to the u.s. i represent individual investors is rewards savers finally. what it does also is improves confidence. but also it changes the behavior of companies out to make investment decisions. low interest rates that can borrow money and pay back. >> how are clients responding? what is risk sentiment like at this moment? >> if you like, there's the sentiment poll which looks at individual investors. personally, my clients are still positive for the u.s. now, looking through whether it's the referendum vote or the u.s. election, we're

the u.s. d china have wrapped up two days of talks in beijing, agreeing to give the yuan a foothold in america. they also sparred over excess capacity in chinese industry. stephen engle taking a look at this. sounds like progress was made, but a lot of hurdles still. >> the strategic and economic dialogue often times is used to shore up ties, also worked out some of their differences. they hit on a number of different topics. north korea, the global economy, market access, overcapacity, and at the backdrop of all these issues is mutual trust. they say communication is getting better, but they need to meet more often then talk these issues through. on the yuan, this is one of the deliverables that the state department likes to use, outcomes from the sme day. basically, china says it will -- foreign institution were institutions raise up to 200 50 billion yuan to be invested in chinese markets. china will also allow one undisclosed u.s. bank to clear, basically be a clearinghouse for the yuan out

the u.s. that could be -- could feel negative implications from the decision here. donald trump instead saying he believes it will be good for his business. >> meanwhile, in the uk, in scotland specifically, that vote was overwhelmingly in majority to stay within the eu. >> yeah, ironically donald trump was standing here in scotland where the majority of people decided they wanted to stay in the eu. consequently, there could be another scottish referendum vote here in order for the scots to leave the uk and stay with the eu. donald trump says ultimately it's up to the people. didn't weigh in one way or the or other on that. >> katy tur. thanks so much. >>> so the british exit from the eu will have a huge impact on how the u.s. deals with the uk and europe. the uk is a huge trading partner, our closest ally here in the u.s. and now all of those trade agreements the u.s. had with the eu need to be renegotiated with the uk. airlines like american, delta and united will have to negotiate new flight

on the u.s. side there are many who say, well, there wasn't really the fulfillment that should have happened in that regard. and there are hopes this time that westinghouse will be able to fulfill in terms of making the breakthroughs, offers for six new reactors. and there is the hope on the indian side that india will become a part of the nuclear supplier's group. but the reality is that that arrangement, the deal has been fundamental to progress on economic and strategic sides. the united states today is the largest defense supplier to india. $14 billion over the past couple of years. i expect that trend will be taken forward with this visit. everybody knows about the dtti the defense trade and technology initiative and making india. those matters are going forward. and i expect that there will be announcements which take that forward. so this is a good time for consolidation, bringing together gains which have happened economically economically strategically, and in furtherance of mutual values

focus on the u.s. market. the closing is coming up. >> i am watching the numbers into back toward the session lows. let's take a look at where we stand. across the board, more than 3% down. we are on pace for the biggest weekly fall in the past five months. earlier, we did hit session lows and we are inching back to where that was. let's take a look. flipped to the negative territory. we are now just above that on the other side of the flatlined but the nasdaq is in negative territory. the dow is up only about .01%. let's go to the imap function. financials accelerating losses nearlyw on the order of 5%. this is its biggest fall in the past half year. materials down. information technology also down. utilities still up about a third of a percent there but that is because of interest rates. i also went to flipped over to another function in the bloomberg terminal. the folks at volatility across sectors and financials being the biggest drop but we can also see the biggest volumes are highest 150%rms of financials

the u.s. offered turkey any and all assistance necessary. we're hearing the white house emphasize concerns over the fact that isis can still launch attacks like this as well as commitments among countries like turkey to defeat it, listen. >> we're still learning all of the facts. but we know that this is part of our broader, shared fight against terrorist networks. and we will continue to work closely with turkey to root them out. meanwhile, we will do what is necessary to protect our people. i'm confidence that we can and will defeat those that offer only death and destruction and we will remember as there are those that try to divide us, we can come together and work toward a better world together. also talking about prioritizing working with turkey on better closing it's border with syria. that is something that has been a problem for a very long time. there is still about 60 miles in which isis fighters can go back and forth. michelle kaczynski traveling with the president in canada, thank

the trade with, u.s. trade with the eu is good, and the u.s. trade with the uk on its own is not that good. it is a serious political issue, and very, very serious with the uk and serious for europe and less so for america. >> and less so when it goes to the soup that you are looking t at. >> yes. >> and now, ali, stick around and much more the talk to you about the global aftershock, but let's get to the epicenter of the whole thing as clarissa ward reports from london. >> reporter: it is the biggest shock in the history of modern british politic, and possibly one of the greatest political miscalculations ever made. >> the slototal votes were 16,141,241. the total number of votes cast in favor of leave was 17,410,742. this means that the uk has voted to leave the european union. [ applause ] >> reporter: hours u later the prime minister announced he would resign. >> i think that the country requires fresh leadership to take it in this direction. >> reporter: the people who m masterminded the leave campaign were quick to praise the prime ministe

the china-u.s. dialogue. also coming up, challenges for the engine that powers the factory of the world. a special series on china with a look at manufacturing powerhouse. juliette: keep an eye on the payroll the u.s. numbers disastrous. asian markets being sold off. really led by japan, down by over 1%. bit of a breather after last week, posting their best five-day gains since march. a 4% chance the fed will list this month. that hasn't investors flocking to safe havens. i will have more on the market movers shortly. angie: president she jinping says china and united states should talk more often to build trust. he also said the pacific should not be a battlefield for competing views. we have our china correspondent standing by live. a mainly positive message from the president? >> not too much detail, you do not expect too much detail at events like this and opening addresses. the tone, the words about cooperation, greater can medication between the two sides when it comes -- communication between the two si

and then, as the u.s. senate is slated to vote on four gun-control measures today, we will speak with the australian activist who helped quickly push her gun-loving nation to adopt sweeping gun-control measures after a massacre 20 years ago. such action is not expected in the senate today. all that and more, coming up. welcome to democracy now, democracynow.org, the war and peace report. i'm amy goodman. thousands of people gathered at a lakeside park in orlando, florida sunday for the largest , vigil to date honoring the 49 victims of an attack on a gay nightclub on june 12. many of those killed in the attack were young latino and many members of the lgbtq community. perris williams was among those to pay homage to the victims. mr. williams: the 49 people who died, i would want you to know that this is not in vain. i am here for you. i'm one of you. i will carry your spirit with me for the rest of my days. amy: the senate is expected to te on four gun control measures today. all are expected to fail. the v

government -- not just the u.s. government but the u.s. residents, u.s. citizens, the world, to help them in shaming mexico in getting its house together. i think it's -- much more of anp impact if people from outside of the mexico, instead of just pointing the finger at some corrupt little country, as they call it, south of the border, they actually take action and try to help mexicans build the country they know they can live in, to help them pressure mexican authorities into finding answers and finding solutions and finding justice for their own people. >> host: mark, charlotte, florida. hi there, mark. >> caller: real quick question. can he explain what larazastic a and -- that want the europeans out therefore the southwest and when the talks about helping mexico, they've been around longer than texas. why don't they follow the capitalism and get the corruption out and become more and more like texas. what about laraza? >> host: okay, mark. mr. corchado. >> guest: well, laraza was a -- back in the '60s and '70s i doubt you religion fine much of that --

the number one outside of the u.s. iene. , but thisg positions company did not shape its future. it has gone down 12%. manus: what the market is going to know when they look at this interview is, where are we on margin? jerome: we said that we were align the year with that percentage. so far, so good. the --, we had 12% even ebitda. last year, we had 16% ebitda. this year, we are on our way to 17%. our target is 20% by 2020. this is not at the expense of growth, because we were growing 3% last year. we might invoice food packaging. we might invoice detergent and equipment at the dubai airport. that is all of our equipment, cleaning for the consumer's bene fit. that is not what we sell. what we sell is food waste reduction. our products, when you have chicken, when you have beef in packaging, you can extend the shelf life. if you extend the shelf life, you increase consumer benefits, and you reduce the shrink at the retail level. that is extremely important. the food waste is enormous. that is what we do. the damage cont

the u.s. is also moving significantly. but it is worth to point out one thing, we have seen bond moves and gold price moves and international equity moves all to the risk-off side of things. u.s. equities relatively resilient last week and that points to the fact that this is international factors, whether it is brexit, global growth, but it is not domestic u.s. >> though we did get a good jobs report. >> that was ages ago now. >> i know. but it shows the big risk event of the week was supposed to be the fed meeting this wednesday. and now there's virtually no chance the fed is going to raise rates. before i left, people were talking about a rate hike firmly on the table with that disappointing number. somehow the federal reserve going to walk a line between laying the groundwork for more interest rate hikes on a better u.s. economy priding with caution given the referendum vote out of the uk one leak later and we start to see the sluggishness in the economy again. >> absolutely right. we'll see what the viewers think, we w

but the u.s. ss for china to do more with overcapacity, better communication, the pboc communicating better, and the government generally just communicating better. and the kurds a manner that has been in the news -- and the currency matter that has been in the news since august, that is something jack lew said he will talk to his counterparts about again and again. guy: it is interesting that we see the u.s. talking to the chinese about clearer communication. we have had a chuckle about this this morning. fed, communication policy? really? someone argue that is in tatters at this stage. yes, there is some cause for concern as to what is happening with the chinese currency. we went through the idea last week that the fed was going to raise rates. havethe payroll data may made that a moot point for the time being. that people still have grave concerns about this. do you? >> i think it is really interesting listening to jack lew. he really should be putting a mirror in front of janet yellen, rather t

that could have long impacts on the u.s. and economies. >> if there was significant volatility, an uncertainty prolonged over time, it would have an impact through the financial channel that would be more real than the one through trade. >> lagarde added the u.s. economy is in good shape despite some recent setbacks. the imf estimated an exit would cause the gdp to plunge by 5.6 by 2019 compared to britain remaining in the regional block. investors have traded cautiously ahead of the british referendum. on wall street, major indices edge ed lower. the dow jones losing more than a quarter percent. we saw losses of a fifth of a percent on the tech heavy nasdaq. let's see what's happening here in tokyo this thursday morning. we're going to go to ramin for that. he's at the tokyo stock exchange. tell us what you're seeing over there. >> very good morning to you. stock traders are watching currency moves very closely especially swings in the british pound which is already seen some volatile swings in the week leading up to the ref

betty: we have 90 minutes in the trading session in the u.s.. julie hyman has the latest on this slight climb. julie: the pullback has moderated. averages areor still lower but the nasdaq in particular is down less than .1% as we've seen stocks come back a bit. energy has been a drag. utilities and health care of the create the list major averages. the nasdaq was the best performer yesterday and the dow was the worst. oilre seeing that slump in that is also moderating to some extent. still down 1.4% at $48.42 a barrel. energydthrough to stocks, we got a call from credit suisse command lists there are mixed on oil services company's. they are putting five of them, raising three of them. -- cutting five of them, raising three of them. hp the worst offender. oil alson and national declining. we've been watching the banks as well today because of these investment banking job cuts we've been talking about. goldman sachs in particular. they cut investment banking jobs over the past few weeks. hsbc also cutting. , withof a downdraft here the exception o

the u.s. has the capabilities to execute all options if the president so ordered. we need to set the theater in the years ahead. we have that capability there today. we still have more capability in the middle east than the u.s. had prior to 9/11. that will come under increasing pressure from demands in other regions, in europe and asia, where there is high demand for more u.s. military presence. also budget pressures here at home. also the sense of jcpoa having solved the problem, being less of a demand for u.s. military presence. we should commit to maintain that. that includes aviation, maritime, ground presence. maintaining a carrier battle group. second, planning, making sure that this needs to remain operational. we must maintain the military planning for all options. a little history is important. when obama administration came into office, the planning was not in the shape that we had expected it to be. 2000's --ing in the secretary gates initiated a a series of efforts that secretary o

the u.s. military is doing a full head count across the u.s. air force in turkey. there are u.s. airport troops there. bases in southern turkey. the european command also doing a head count. because they are a high terror threat country, it has been discouraged for civilians and military to travel on vacation there. but it is the height of the vacation season, so they're scrambling to see if there was any u.s. military personnel at the airport tonight and how many american civilians may also have been there, brianna? >> okay, following the story from the pentagon for us. let's turn now to ivan watson who has spent years covering turkey. he has been in and out of this airport hundreds of times and he is live for us right now in paris. you heard barbara there talking about whether this could be kurdish spakurd ish separatists or isis. it happened at the international terminal of an international airport. it may fit the profile of an isis attack even though we don't know at this point. >> if you l

the u.s. and south korea to demand north korea refrain from any provocative actions. south korea's foreign ministry also commented on the issue. >> translator: if north korea launches another missile it means that pyongyang will ignore continued warnings from the international community and will violate resolutions again. >> he also says his government is closely monitoring north korea's actions focusing on any preparations for another launch. >>> the president of tokyo electric power company admitted to a coverup during the early days of the fukushima crisis. he says tepco did conceal reactor meltdowns immediately after the march 2011 earthquake and tsunami. >> it is natural for the public to interpret the decision as a coverup. we deeply apologize. >> tepco only admitted to the meltdowns at the nuclear plant two months after the accident. and now some of the top staff at the utility will face repercussions. the president will have one month's pay cut by 10% and the managing executive officer

social media companies in the u.s. say they try to block users who spread the isis message but it's a constant battle because the propaganda change their user na names and back online. >> pete williams in washington, thank you. the tsa tells nbc news it hasn't changed its security posture after the attack but they did deploy tactical police units with a show of force today. with two attacks in four months, security here are wrestling with a delicate question how do you make the airport safer but still make the airport experience bearable by passeng passengers. >> reporter: at select u.s. airports today, new york, atlanta, l.a., a high police presence watching airport perimeters and arriving traffic. at jfk airport, a suspicious package closed terminal 5 for a short time. the u.s. st the u.s. bull the u.s. stan buattack comes j as travel takes off for the holiday. launch their attacks outside the secure area. the question is whether the first security checkpoint should be moved away from the terminal perhaps outside to t

the u.s. urope for testing during the games. >> if it truly is not reopened it is a disaster. >> reporter: don catli ran doping control labs at salt lake city and atlanta olympics. i assume a lab like this about to process samples for the olympics would be at the top of its game. how surprising is this? >> to me it is very, very surprising. you don't walk in and lab at the last minute. >> reporter: why the rio lab was shut down is still not clear. but it comes as wada, the top dope regulator in the world accused russia of running an elaborate doping program including infiltrating the doping control lab at sochi olympics. russia's track team barred from competing. in a statement rio's lab said it expects operations will resume as there mall in july after a technical visit from wada. even if this lab is back up and running does it call into question their results when the games begin? >> unfortunately it does. >> reporter: now, rio's lab was shut down ahead of the 2014 world cup in brazil in the

and i think the u.s. administration, government, regards britain as a like-minded partner in trying to may not the european union may notes open from&free trade approach to the world. a matter of real regret i think to our partners in the u.s. >> let's get back to the global market reaction two expert guests joining us now. peter hensman and also mark a. good morning to you both. peter let's start with you. we've seen a big reaction in equity markets. a big reaction in currency markets. if if we look at the u.s. market right now has the reaction been sufficiently priced in do you think this morning. >> >> certainly there's been a very significant short-term reaction. i guess one of these events where we are going to see how this develops over time. as an immediate trading response. then people have to access the longer term implicationes of the switch. >>> we were talking currencies just yesterday. what was it like last night when we saw tpound plunge. -- that day it fell 4% but then continued down 10%. >>

the u.s. llar with a hike? >> the u.s. dollar was very strong in may. now they are balancing it against a bunch of currencies. there's the u.s. dollar with the yen having bounced at the open now, in fact, weaker. so that is why the nikkei managed to pass the losses down 1.2%. it only closed down half a percent after a big move for the u.s. dollar in the other direction on friday. let's have a look at oil prices as well. oil down 1% on friday. it was down half a percent for the week as a whole. it's bouncing 1% this morning, 49.13 for wti. and gold prices were soft in may in the face of a strengthening dollar. they are flat this morning at 1242. >>> the fed is listening closely to janet yellin's comments on the philadelphia outlook and monetary policy and will answer questions from the audience. this is the last time we'll be hearing from the fed chair before the central bank's media blackout takes effect ahead of the meeting next week. you can watch yellen's speech later on today. >>> meanwhile