wilbur ross is going to stay with us., the brexit vote this thursday is not the only big risk investors are watching. of course, there is the u.s. election in november. we talk about what is going on stateside, next. ♪ guy: 22 minutes past the hour. the brexit is not the only place that has been in the spotlight. donald trump said in an interview with the sunday times that he would be inclined to "leave." he remarked that david cameron would have a great relationship with him if they were elected. wilbur ross, the latter of the t wo is in the studio with us now. wilbur, when you look at what donald trump is doing and you look at how the business community feels about him, you feel the two are seeing eye to eye? you have known him for a long time. d believe other people really understand what he is doing? wilbur: i'm not are they do, but when you think about it, what he accomplished in the primaries is what i would call inadvertent campaign-finance reform, in that is but very little money. he very cleverly used social medi

lou: joining us tonight, wilbur ross.idential trustee for trump victory committee, great to have you with us. the fuss controversy, around this statements by donald trump. we know what he meant to say, we know what he said. >> right. lou: but the backlash, it has been -- to me extended and exploded beyond any reasonable proportion by the g.o.p. elites like newt gingrich. >> liberal media has also done it. where were these guys when the inspect oaor general report was put out on hillary clinton, that is a very devastating report, that gets very little coverage in media, none by these republican elites. lou: you look at that inspector general report, it is as devastating as you could have imagined. there is very little attention paid to it except you know in certain parts of media. we've covered it here, your reaction to it. >> my reaction to it was that it read more like an indictment than it did a report. it was systematically rebutting almost every one of the things that hillary clinton has used for an explanation. lou:

we'll be taking that up with wilbur ross here tonight. joining us now, co-host of "the five," kimberly guilfoyle, and author of "making the case." it's coming out tomorrow, the audio book, and the paperback. that's exciting. >> it is exciting. i recorded it myself. if you want to listen to my voice while you drift off to sleep at night. there is a market for that. why not, why not. lou: congratulations. >> good for graduate and now we have to get them some jobs. lou: the crisis of character. this thing looks decimating to the campaign. >> i think this will be very powerful. good for the guy who wrote it because you have to be fearless. there is one thing people are universally afraid to take it clintons on and the clinton machine. there is one guy who's not afraid to do it, donald trump. now someone on the inside can speak to their character coming out and telling us. it is important and it does matter. this is somebody who wants to be commander-in-chief of the united states. is she fit to serve? does she have the character and competency

stream live tv, watch on demand, and download your dvr shows anywhere. ♪ >>> legendary financier wilbur rossaid a vote for the uk to leave the eu would be a disaster. joining from us london wilbur is chairman of w.l. ross, a company, a well-known turnaround guy. and someone who is involved in a lot of financials and some in london, too. you're still with that uk investment you made a few years ago. i know you've pared it down a little. tell us about that, and whether you think that would be hurt by a brexit, and why. >> well, i think a british exit would be the world's most expensive and most acrimonious divorce in history. and i think that it would be terrible both from point of view of employment and point of view for economy. mainly at this point, to back richard branson's takeover of several years ago, and it worked very well. but we are mainly a mortgage lender in the uk. in fact, we've been doing about a third of all of the new lending. and i believe that home prices would plummet in the event of a british exit. average house in the uk is about 250,000 pounds. and if it went down aroun

deirdre: lots of investors are concern about global growth, wilbur ross said it would be a mad house if the u.k. pulled out of the european union. >> to me, the biggest worry coming up near-term is the brexit, the potential for the u.k. pulling out. that would really be a mad house if it happened. and what's strange about it, in scotland it was the young people who wanted to break away from u.k., young people, idealists and patriotic and all that, and u.k. it's the reverse, it's the old people who want to pull out and the young people know there will be a half a million or so unemployed people if they break out. deirdre: with me the publisher of the gloom, doom and boom reports marc faber, welcome. >> thank you for having me. deirdre: a lot going on in the world, first and foremost, do you agree with wilbur ross, and the larger context, the fragility of investing in europe? >> i completely disagree. deirdre: oh, good. >> the brexit would be the best that could happen to britain and to europe because it would give the incentive of other countries to also leave the eu, which is a horri

let's say it happens to wilbur ross' point that he brings up and the leave. the uk leaves the eu.es that mean for world markets? >> i think scott hit it that i don't think it's going to happen either. and wilbur ross the main point he was making is if they left knee have, it would be the proverbial strall that breaks the kamal's back. britain is 12% of the eu budget right now. so britain's input into the eu budget is 12%. having subpoena of a big player pull out as scott was talking about how big they are would be really a huge deal and with the tenuous nature of the markets in this bull, bear balance. connell: where are you, by the way, on that balance? what side of it are you on in the balance? >> well, i think that we're due for a -- we're due for a pull back. connell: okay. >> into the summer. i think we're going to test these highs again. the april 20 highs. and then i think we're going to have a pretty good pull back in the summer that will lead us to a trickling down into the november election. connell: what about the you, scott? >> sorry. connell: sorry to cut you on of. j

scott, okay, wilbur ross said that the brexit was the thing that worried him. lot is being made of that, that could add to an interesting month of june, right? >> well, i think the beige book today, it will depend what we get with the jobs number on friday. but brexit hanging out there, if they have do a rate hike which i don't think they do but want to is going to be july rather than june because of brexit. but everything that's come out of your mouth before we went on hasn't been about an economy that's tearing the cover off the ball here. we're not moving from strength to strength to strength yet we talk about a rate hike because the fed wants to do it regardless. if we're data dependent to as long as things don't get worse, we will go sideways. ashley: as long as the wheels don't go flying off. to luke quickly, i wanted to talk about oil, i can't make any sense of it. it was down earlier this morning, we had the opec meeting tomorrow. i get the sense we have a massive supply of oil. the glut hasn't gone away, has it? >> a lot of ships have a lot of oil on i

earlier we hadng investor wilbur ross discussing implications for the pound and the larger market innt of a brexit. let's take a listen. >> it would be the most expensive divorce proceeding in the history of the world and the most complicated as well. we have continued a long position rather than trying to hedge. >> is it because it's too expensive or you just think it won't happen? >> we felt the british public would come to its senses and not make that for a decision to leave. it would be terrible, not just for sterling, for european markets, u.s. markets as well. how muchnow percentagewise but you can already see the volatility that has occurred in the last week as sentiment shifted from state to leave and now back to remain. >> when you think about what , do will mean more broadly you think there would be problems as a mechanical process? be a tremendous withdrawal of capital from the u.k. in terms of open market securities and in terms of foreign direct investment. severalr in the last there have been more foreign direct investments into the u.k. from the eu that even from the u

you know that because you -- we had wilbur ross, the billionaire saying he will head it up and help carl. he gave a lot of money so now the very group he criticized, donald trump criticized hillary clinton for is wall street, even the halo wall street team you are asking money for. >> the clintons took in $150 million in fees in different capacities and special interests. donald trump is seeking out business leaders committing that they need no special favors. they are offering advice on jobs and the economy. this election was putting people back to work. >> will she get the money from him. >> he is going to raise an awful lot it then donald trump needs to raise. and he is efficient in his operation. plenty of money to beat her and plenty of people willing to help. and and we heard that this morning. >> and and one was -- and the liquid cash, i talked to a lot of smart will be guys in florida and new york who make us wonder why couldn't he run a $50 million check? >> let me say donald trump has the deck of liquidity. nothing to worry about. he made a significant contribution to his campa

in the 6:00 hour, we've got wilbur ross. a vulture investor but huge investor in europe and has huge implications for him in terms of what this means. and then we have jeremy siegel. mr. market. he'll try to help us understand what to do next. that's what we have on tap. i've been watching you guys religiously. it's amazing what you guys are doing over there. thank you. >> thank you. >> andrew, that's very kind of you to say. it is an incredible story to be covering and it keeps on giving because markets sharply lower once again this morning. andrew will have all of that covered as will we in the next block here on "worldwide exchange." stocks down. pound down. taking another hit today. we'll be talking to henderson's head of global equities after the break. >>> welcome back to "worldwide exchange." henderson global investors has 150 billion u.s. dollars under management. head of global equities joins us now. good morning to you. thank you for joining us. we thought this was an adjustment. it wasn't something systemic but to

a bunch of billionaires, sheldon adelson, wilbur ross who has been here on the program they're aimingready to step up. you have got woody johnson, who is big, big republican, ken langone. all of these people are doing this but will it become harder for them as donald trump has said some things that offend even a lot of republicans? and that is calling the judge who was born in indiana, who happens to be assigned the case of trump university, mexican. he is a mexican. john, even you would say he is not a mexican. he was born in indiana. his parents are mexican. >> he is obviously not a mexican. he is indian nan. he is a hoosier. this whole, this whole incident has been completely unfortunate. it is offensive to a lot of people, myself included but most importantly, in the context of this race it has taken trump off message. it has taken him off what otherwise had been a very good week for him. you had the jobs number coming in as disappointment. gives him opportunity to talk about the economy and issues that matter to every-day americans. next couple weeks we'll have the book by secret

. >> wilbur ross made this point couple weeks ago i think there is something to it, the possibility that bernie sanders would run as third party candidate. i think it is not likely to happen but does show you that bernie doesn't want to quit the race. 74 years old. this is the last time for him. once he stops, what happens to that movement that he started in? there is no other leader, maybe elizabeth warren steps in. i think bernie sanders is going to stretch this out until the last possible minute and then make a decision, what do i do now? melissa: does he flip any superdelegates, yes or no. >> no. melissa: do you think he could flip any. >> why would he? she is three million votes ahead. melissa: california. >> so what. >> doug schoen said in his column he has done the damage to her. melissa: thanks so much. david: we'll talk more about the column coming up. effects of the zika virus hitting closer to home than ever. this time a baby in new jersey affected by the virus. >>> more deadly flooding in texas after three days of what must be called biblical rain. >> what is going through yo

we want to turn it to our guest, wilbur ross. trying to help us sort through this.ou have been trying to sort this through yourself in part over the weekend. you own businesses in the u.k. and throughout europe. i'm curious how you think about this this morning? >> i think the worst part of it is that there will be ultimately the world's most expensive divorce but like most divorces, it's probably going to take a lot longer than it should. once they do trigger article 50, the eu has two years to work things out with them. at the end of that, there's another curious process which is that at least 20 of the eu member states must approve and those 20 must constitute at least 65% of the population. so it's not an easy thing to end. i think the longer it goes on, the more severe the consequences will be for everyone because business hates uncertainty. now, i do think that there are complications that give britain some negotiating strength. one of them is that there are 3 million eu residents in the u.k. and 1.2 million u.k. residents that migrated to the eu. something ha

and wilbur ross is joining us. thanks for calling in. as a business man, does this decision dictate your behavior? are you going to be pulling out resources from brit? >> no, i think actually being a bit overdone. the financials, which is name exposure in the u.k. are mostly down about 20% and they had already been fairly weak for quite a while adding on another 20% decline, had happened befor before. maria: so you-- yes. >> i think that this confusion will continue for some little while and the stocks will be very volatile. >> so you think this is an overreaction in terms of the size of the declines we're seeing this morning, and you're waiting for things to settle. does that mean you're going to be a buyer at some point? >> well, probably say. because it's not the end of the earth. i think it would have been better for the u.k. for sure to have stayed in. i think what will the new leadership do, and negotiating with the eu, and i've said before is, i think this will go down as the most expensive divorce in history between the u.k. and

yesterday we had wilbur ross on that will trigger a major disaster in the u.k. left the e.u.will see about that. we know that businesses have not been investing all that much. maybe all the maybe all these reports will go into that decision on whether the fed raises june 15th. thank you and we will see a cent. have a great day. still to come, the 90s flashback. the pop-up date archives to chicago. a bit of a throwback or stay at moments with maria today. plus, facebook as 100 new images to its messenger app. how users are responding. back in a minute. . . . maria: welcome back. good morning. i'm maria bartiromo. here are your top stories 6:00 a.m. on the east coast. hillary clinton ramps up attack on donald trump specially over trump university. she gives a national security speech this morning, as they focus on california, the two are targeting the economy and jobs. >> hillary clinton when she was secretary of state ran up $1 trillion in trade deficits with china. $1trillion. great job, hillary. you're doing a great job. >> some people can talk about the economy and jobs, i

chairman wilbur ross and the president of ford, joe henricks as it does pay bus to come in the next couple hours. we take it up this morning with the campaign trail. donald trump launching an all-out attack on the media during a press conference. the presumptive republican nominee revealed details of its 5.6 million veterans after when he turned on a reporter, calling him a steak and just told us, a sleaze and dishonest. let's listen in. >> the press should be ashamed of themselves. on behalf of the vets, they should be ashamed of themselves. i like scrutiny, but what i raise money. excuse me, i watched you on television. your brill beauty. when i raise money for the veterans and it's a massive amount of money, find out how much of it in tonight given, nothing. and then i see a few guys standing out there who don't even know what they are there for. they are there because hillary clinton's campaign sent them. maria: join ms now is louis komar. good to see you. thanks for joining us. what is your take on this whole conflict? does donald trump have a point? >> donald trump does have a point.

the countdown to the brexit vote continues, the potential impact on business and investment with wilbur rossstay tuned. you're watching "squawk box" on cnbc. of the next patient.. no problem. it's a pretty huge file. done. sorry for the wait. that was quick. as part of our research, i also compared lab results with notes about prior treatments, then cross referenced it with thousands of medical journals. and i get the benefit of much more data, and a lot more time to plan the best treatments. i stay focused 24/7 and never sleep. you sound like a lot of medical students i know. i stay focused 24/7 and never sleep. trolling for a gig with can't blame you. it's a drone you control with your brain, which controls your thumbs, which control this joystick. no, i'm actually over at the ge booth. we're creating the operating system for industry. it's called predix. it's gonna change the way the world works. ok, i'm telling my brain to tell the drone to get you a copy of my resume. umm, maybe keep your hands on the controller. look out!! ohhhhhhhhhh... you know what, i'm just gonna email it to you. y