the politics about as former prime minister tony blair intervenes on the debate. ♪ francine: tony blair believes british voters will do the sensible thing and vote to stay in the european union and next months referendum. he spoke to bloomberg at the milken institute conference. prime minister blair: europe has been good for britain and britain has been good for your. and the larger europe, with eastern europe is profoundly important for our security and prosperity. francine: the former u.k. prime minister tony blair. let's stay with the british theme. london goes to the polls tomorrow to select a new may appear at the issue of brexit with one in favor and the other against. let's speak to rob hutton. on theo have you program. first of all, so the referendum is on june 23. president obama showed up. now we hear from tony blair. does any of this sway voters? rob: we certainly have not seen a massive shift in the polls post-obama. so, the short answer is it has not made a big difference yet. fromrgument that you hear the government, and these are their words, when people are making big de

one of the things that tony blair said was you won't believe it until you get there how strong is the sense on the part of the civil servants that they really are the ones were entrusted with running the country. the politicians and their advisors are just here today gone tomorrow and their job is to wait them out. you will not believe how strong that senses and you have to do something about it. he said we didn't take that seriously enough until i learned that lesson. this is why i ended up in a position where i took the view, and it was a pretty controversial one that in the end, to do something about this the only serious answer was to drastically cut the number of servants. there are no bad people are underperforming, but simply because of the scale of the operation means that they inevitably grew the structures in the system and the bureaucracy and their incentives are to make that growth. there's only one thing to do so my analogy which started off as a bit of a joke, but then it took on a level of seriousness because i really meant it was about a building in london called somer

former british prime minister tony blair is speaking at the global conference, telling bloomberg that britain voting to leave the eu will be a full at risk to take. tony: the think about it, the country will do the sensible thing and stay in the european union. because if we were to leave, it will put a level of economic risk and insecurity into the ordinary family households, that i think most people would be a forest risk to take. rishaad: global news 24 hours a day powered by 115 news bureaus. just go to the bloomberg and the function top . manus: rishaad salamat in hong kong. anna: anxiety over the health of the global economy on investors, that is the subject of our chart on the hour. guy johnson is in the studio. jane foley is still with us. guy, good morning to you. line is thete economic data, the calculation falling as of late. global stocks, which as you can see, are fairly well correlated to this. they have yet to do so in the same meaningful way. but we have yet to really see the downdraft. what i think is interesting, if you tie this up with a story that we had out ov

thanks very much, the honorable tony blair, appreciate it, mr. thanks so much for sitting down with cnbc. >> pleasure, thank you. >>> up next david zervos will talk about some of the stuff we spoke about and frame it from an economic perspective. all the stuff going on in the world, how will it affect you and your money? we'll find out in tube minutes. stick around. >>> with us the chief market strategist david zervos. i don't know new heard the prime minister, talking about the possibility of a brexit, whatever. these are big issues and tie it back to our viewers and our listeners and their money. if the eu, if britain decides to vote to leave the eu, what happens to the u.s. dollar? ? >> so i think the dollar would strengthen and i think the story line is we have to go a couple different directions. not a british story line. one that goes to europe and one that threatens the integrity of the eu project. for us it's more about people leaving europe because one of the premiere members of the club just said see you later, i'm out and when one of y

asked tony blair at the milken institute. prime minister blair: we need a, nation of things. beyond outcome you need the military capability to drive them out of the ground that they are holding. this whole idea of what they call a caliphate or islamic state is that itself is a recruiting tool. so you need to drag them out of their position. i think eventually we will achieve that. but i think then there is this deeper and broader question which i have focused a lot of my work on around the ideology of extremists. is, -- you get rid of i of isis, you've got 20 other waiting to take their place. this is a warped view of religion that we need to tackle at its roots. it's in the education system in many countries, educating people to a close minded view of the world. scarlet: this could take generations to change. prime minister blair: the right way to look at this struggle is that it is a generational struggle. every day what my foundation does is tracks this around the world. you go there and see every major extremist influence. it is in the middle east, but also in central af

event changed under tony blair -- it then changed under tony blair. now, our news leader, who was very anti-eu, has decided it is in the best interest of the labour party to have a united view. our view is that we will never reform the eu. that is why we are happy with a trade. politicalant the structure that you would not have in the united states between the united states and say, mexico and canada. you trade freely, but don't have a mexican court overruling the united states court. we want to have a relationship with the eu that is cooperative, but that also recognizes we are living in a global world now and we, as the fifth-largest economy, should be looking internationally and become independent. guy: is this an economic argument for you? it sounds like a political argument. kate: for me, underlying this is democracy and sovereignty. i have seen treaty after treaty change the way the european union works, which is very different from the way people voted in 1973. now is the opportunity for the british people do have their say. it has changed and

and even tony blair, who sided with the u.s., he was interviewed on cnn and asked, what do you say to those who say that this invasion of iraq would ultimately lead to formation of isis? he said, that is partly true. brian: if you go back to the 9/11 situation, you were on the scene down there. was a happenstance that you were that close? amy: we were the closest national broadcast to ground zero. we operated out of a firehouse at the time. september 11, 2001 was election day in new york. it was primary day. we were doing broadcast that day. we were in the garrett. we couldn't see what was happening. we broadcast then at 9:00, now we broadcast live at 8:00 a.m. then at 9:00, at 8:47, first plane hit the first tower of the world trade center, we were just down the street. we were within the evacuation. 9:03 the second plane hit. we were doing a special that day on the connection between terror and september 11. 1973. salvadorean day. the day the president in chile died. pinochet would ultimately take control, 17-year reign, killed thousands of chileans and other latin americans. we jus

. >>> tony blair at age 44 became britain's youngest prime minister in 185 years.t year conservatives ran under the slogan britain's booming, doesn't blow it. if any of you now what labor's campaign slogan was in 1997, please go to twitter. we'll be back in a couple of minutes. >>> welcome back to "worldwide exchange." the dow pulled up by 20 points following a disappointing week last week for the major indeces. the s&p and dow having their worst weeks since february. >>> robert samuelson, a political columnist, bring the ta -- britain flirts with insanity. the eu absorbs 44% of britain's exports. these might suffer because trade barriers now virtually nonexistent between the u.k. and other eu members would probably rise. he goes through a number of other pretty simplistic backed-by-numbers reasons why this would be a mistake for the u.k. itself to leave the eu. he also goes through some of the pros of the argument and concludes that they don't outweigh the negatives. >> he goes to the pros exactly and then dismisses them. if you're looking for an impartial, balanc

and tony blair on brexit,

to their credit in 1997 british prime minister tony blair apologized and said it was one of the great crimes of england, we are sorry, don't take it so hard. blair's apology had a good effect, what would have been a shameful thing in ireland, you've asked who had been indicated, we couldn't just talk about the famen. a policy of extermination, if a million of them die, they weren't actively killing them, they were letting it happen and the man who was in charge of the famon, he said this death of a million irish was a hand of god and that was a cure for too many irish. if you go to the university, great hunger museum, there's a portrait, this man who could wealthy families and came back and bought the land, they had the biggest house in waterford. he comes of age and this is completely radicalizing. they couldn't storm the british barricades. the brits had a larger garrison in ireland than the indian sub continent. the flag of england is flying over one-fourth of the land mass. so it goes nowhere, h e speaks, she doesn't fire shot and urges the hungry masses, let's stop the food from

bush doesn't get the hate and negativity around the iraq war that tony blair continues to get in the that will always seem to taint him. here, it's become anti-patriotic to say anything negative about any war here than the uk. >> still, it was an issue for jeb, in the running, when he struggled to answer how his brother -- yeah, it will be interesting to see because both trump and hillary have come out against it. donald trump continues to dominate the pages. i went to "the wall street journal." it's popular on the site right now, hillary, the conservative hope. this is from the columnist brad stevens. he's writing that conservatives can still play the character card against hillary clinton. it's a fair card to play if only the presumptive republican nominee weren't himself a serial fabulist, an incorrigible self-mythologyizer, a brash vul garrian, and when it comes to his tax returns, a determined obfuscater. and he says those vord about the republican party should just vote for hillary because the quote means losing the republican party. he's taking this one step further than the j

and even what tony blair, the prime minister who sided with george w. bush and committed forces to iraq, he was just interviewed by fareed zack arenada ya on cnn and asked what do you say to those who say that this, you know, invasion of iraq would ultimately lead to the formation of isis? and he said, that is partly true. host: you go back to the 9/11 situation, you were on the scene down there. was it happenstance that you were that close? guest: we were the closest national broadcast to ground zero. we operated out of a hundred-year-old fire house at the time. september 11, 2001 was election day in new york. it was a primary day. and we were doing the broadcast at that time. we were in the garret and we couldn't see what was happening outside. we broadcast then at 9:00. now we broadcast live at 8:00 a.m. democracy now.org and on stations around the country. but then at 9:00. at 8:47, the first plane hit the first tower of the world trade center. we didn't know what had happened outside. we were just down the street. we were within the evacuation zone

>> i think it is -- many people physical including -- feel, including those like tony blair, you are seeing a growth of a force that came out of the destabilization. sadaam hussein was not a threat to the united states. how did he stay in power force so long, this tyrant who was oppressing his own people. remember that handshake of donald rumsfeld, as if u.s. was providing financial support to sadaam hussein. for a long time, the u.s. was supporting iraq and sadaam hussein. they turn against sadaam hussein, he didn't have weapons of mass destruction, why weren't we waiting for the u.n. weapon inspector saying wait, let us do our work. but president bush was intent on attacking iraq from almost the minute, give a day or two, after september 11th. you hear his national security, his national security czar and others saying, he was talking about iraq when we understood full well this wasn't coming from there. another issue that is a kind of sacred cow with the media that must be challenged. the rule that it has played over the years. if you ask most people, who was in those planes that

trade as collateral damage in the willy-nilly pursuit to globalization, and what that means is a tony blair-esque view. we need to support for an trade but have accommodations by people dislocated by it. that means a more robust income support system and an attempt to bring people to work. i think we need to rethink our social safety net, that, on the margin, says that if you are of low skill, you will get low but steady handout if you remove yourself from work. but we will do nothing to help you get really back on your feet again and support you and help recover some of the income you have lost because of the jobs that we have encouraged south koreans or burmese to have. a republican party that is for trade but for a serious way of accommodating the people that are dislocated by trade, letting in the immigrants that we need but only the immigrants that we need, is one that i think that could unite this wing. it requires choice and compromise. that may be something that certain elements of your republican party are unwilling to do. after the debacle of 1964, it was not just party leaders like nix

at the conference in california with a lot of big interviews, including former uk prime minister tony blairott, back to you. >> michelle, thank you so much. one of the top ranked health care fund managers and he is a raging bull in biotech. let's bring in sam eisley, founder of the world's largest independent investor and sam manages $15 billion. good to see you again. >> thank you very much. >> where do we think this space is going to go? as people sort of evaluating whether some of the damage is done and that these stocks can start a recovery. >> i would like to focus on biotech for you, but keep in mind we are worldwide investors in all subsectors of health care, so there's more to it than biotech, but it's surely an exciting place to be, and it's the volatile place to be. we think there is a good future. >> you say that the selloff in the space was unwarranted. how so? >> you know, defending, warranted and unwarranted is difficult when the companies don't have any profit, but for the smaller companies, recommended -- recognized by etf called ixb or xbi, excuse me, they fell something li

on the lisbon treaty, even though it was a postscript to the document, the constitution a that tony blair said stand and deliver, at sign have earned run -- it's time to have a referendum. >> last year the ecg stated that legislation permitting the public authorities have access on the generalized basis of electronic indications is incompatible with the eu charter on fundamental rights. the u.s. attorney general clearly saw this as also the transatlantic information sharing which he described this as particularly disappointing. which is more important for national security? the agreement with the closest allies or outside the u.k. eu membership? mr. cameron: the five eyes agreement, eight altogether everything about it, they want britain to stay in the european union because of in britain will be stronger, and more capable partner, able to get more things done for the we are fighting daesh for putin. they believe britain will be stronger, safer, and an even stronger partner for them. it relates to commercial bases rather than national security. national security reaffirmed which is a nati

trade as collateral damage in the willy-nilly pursuit of globalization, and what that means is a tony blair-esque view. that means a more robust system and an attempt to bring people to work. i think we need to rethink our social safety net, that, on the margin, says that if you are of low skill, you will get a handout. we will do nothing to help you get really back on your feet again and support you and help recover some of the income you have lost because of the jobs that we have encouraged south koreans or burmese to have. a republican party that is portrayed, but for a serious way of accommodating the people that are dislocated by trade, letting in the immigrants that we need but only the immigrants that we need, i think that could unite this wing. it requires choice and compromise. that may be something that certain elements of your republican party are unwilling to do. after the debacle of 1964, it was not just party leaders like nixon who said we had to accommodate the goldwaterites, it was the goldwaterites who said they had to stop trying to overturn the establishment. that is when new s

tony blair in britain ran on a platform called the third way, and he squeezed in between two parties so you guys seem to be focusing more on donald trump than hillary clinton or bernie sanders. why is that? >> well, mr. trump has made some proposals that have caught gary johnson's and my eye. i really do think that building the wall evokes the most famous wall of the 20th century, the berlin wall, which is a symbol of everything that is wrong about foreign policy, exclusion, hatred, divisiveness. so, you know, part of our job is going to be to speak truth to power, and if we see something that we think is off, we're going to say so. that's one reason why we would like to be included in the national dialogue in the fall, and we will be on the ballot in all 50 states. so the question is really why not? >> well, you're on the ballot now in, what, 32 states? will you be on the ballot in all 50 states? >> traditionally in all 50 states, right. >> let's go back to you said that mr. trump's wall is like the berlin wall. you've also called mr. trump a fascist, is that correct? >> no, no, i d

what that means is a tony blair view. you need to support foreign trade but we need to have accommodations of people who are dislocated by. that means a more robust income support system and attempt to bring people to work. i think we need to rethink our social safety net, that on the margins says that if you are of low skillow skilled you get a lt steady hand out if you remove yourself from work or stay in job deserts, we will do nothing to help you get really back on your feet again and support you to help recover some of the income that you lost because of the jobs we've encouraged south koreans or burmese to have. a republican party that is portrayed before a serious way of accommodating the people dislocated by trade, the republican party that is what immigrants we need but only immigrants do we need is what i think can unite those but it requires choice and compromise and that maybe something that there is elements o of the republican party are willing to do right now. after the debacle of 64 it was not just the par

. >> tony blair, prime minister of the uk did it and president obama does it, you cannot do this but maria: the arms of love. >> bernie does this a lot. it is a sort of come to me. and and that is what the hug is all about. maria: it makes you accessible. >> it really does. i have nothing to hide, i am it is another way of saying shut up and a way of saying stop everything you are doing and pay attention to me. these are not messages an audience likes. what else? maria: as i already said. i hate when i hear this, don't do that. as i already said you need to do this. people come to conversation late. if you are doing an interview on television don't say as i just said because people might have only just tuned in. maria: it feels like you are getting annoyed with the audience. >> without a doubt. those are definite no nos. maria: other phrases to avoid? >> donald is a fabulous canvas of examples because he does stuff right and does stuff wrong. who knows? what is interesting is he will often say things like they love me. they love me. the hispanics love me. maybe that is true, not argu

toÑi an n 10 investigation, the state funeral board has revoked a philadelphia funeral director's license and levied a $100,000 civil penalty against him and his funeral home. last year, authorities found three bodies in blairkins' funeral home. the state says he did not promptly dispose of the deceased. earlier this month, the nbc 10 investigators uncovered the state funeral board is limited to issuing fines and after sometimes lengthy investigations revoking licenses. it cannot stop an unlicensed funeral home from performing funerals. >>> happening today, senate and house loumakers are moving closer to passing a bill to fund the fight against the zika virus. how republican house republicans are set to vote on a measure of 620 million to fight the virus. that's less than a third of what the president requested. the bill is paid for in part by using the unspent money that was set aside in 2014 to fight ebola. in our area, pennsylvania reported 18 zika cases, 12 cases have been reported in new jersey and delaware has reported 3 cases. >>> four minutes before 6:00 right now. another lucky win for a 7-eleven customer in new jersey. >> someone in camden county bought a $1 million lottery ticket in friday's mega