until britain's e.u. referendum and more business leaders have been pledging support for the remain camp, including richard branson head of the english football premier league. and a mentally disturbed who acted alone, more orlandoemerging with shooter omar mateen as the f.b.i. releases a transcript of 9-1-1 call he made. let's get business news. as we have been reporting, three britain's e.u.l referendum. we've had more warnings today, we, from across the business community? reporter: the possibility of question calling into a host of issues for the country, including britain's ability in hiring foreign workers with just days left before britain's vote to remain the european union, confusion remains on the aftermath for brexit. u.k.'s most prominent businessmen, richard branson, is countrymen who vote remain. reporter: raising the specter of war, british entrepreneur richard branson took a strong stance in favor of his country to remain in the e.u. think as far as great britain is concerned, it would be

there's a group who want to make this as easy as possible for britain, maybe even try and convince britain to stay in, do a good deal. then there's another part -- there's another mood that says, no, you know, they left, they want to leave, they've been a problem for 20 years, let's kick them out and make sure that they don't inspire anybody else. there's no resolution yet to that conversation, which is going on inside europe but also even inside germany, inside the largest european country. >> andrew roberts, you were in favor of leaving. i'm wondering, watching all this, all these consequences, are you having any second thoughts? you think boris johnson is having any second thoughts? >> no, not at all. and it's not true we haven't got a plan. boris johnson and michael gove have got a plan. the drawback is neither of them are prime minister. with any luck, one of them will be prime minister by the time the torrie party conference meets in october. then they're going to get down to implementing their plan. you can't start negotiations until you actually know who's going to be in charge of

britain woke up a new, independent britain. also an uncertain britain. this is over 40 years since they vote to do join the eu. and suddenly overnight they voted to leave. what lies ahead is uncharted territory. global markets crashed as a result and saw biggest one day slide since 2011. almost $2 trillion lost in value with the dow dropping 400 points in the first minute of trading alone. yet, the u.k.'s biggest challenge still lies ahead that dealing with this messy divorce from europe. to do that they must first trigger article 50. that formally notified their intention to withdraw from the eu and sets 2-year clock running. vast negotiating teams will be formed to go over every detail of the separation. early successes for the leave camp in the north of england first signs last night that the government was really in trouble. as the night went on, it became clear that the outcome was going to surprise everyone. the final decision was called just after 7:00 a.m. this morning. and not long after that david cameron, who had steaked his leadership on the

and britain's special relationship is coming up. >>> britain's vote to leave the eu reverberating across the atlantic as well. american politicians from both major parties expressed respect for the choice of british voters. >> yes, they did. u.s. president barack obama had urged britain to remain in the eu, but on friday he gave assurances that the, quote, special relationship between the u.s. and the uk is still solid. >> i do think that yesterday's vote speaks to the ongoing changes and challenges that are raised by globalization. but while the uk's relationship with the eu will change, one thing that will not change is the special relationship that exists between our two nations. that will endure. the eu will remain one of our indispensable partners. our nato alliance will remain a cornerstone of global security. >> only former french president nichol nicolas sarkozy is also reacting to the decision. he said british voters' rejection of the eu is a sign that reform is needed and called for an treaty. >> translator: europe, now at 27, cannot function any longer in this way. the questio

it's not britain no more, is it? >> it's too much a mixed bag. >> and we are attracting too many people. yes, the wrong people, the wrong kind. >> the eu opponents are popular here. many britons believe the eu's policy of free movement of labor is wrong. jonathan: i hope that the eu implodes. it's an artificial construct. we face 2 tyrannies in this country. one is islamic fundamental terrorism. the other is the tyranny of european bureaucracy, which is imposing rules and regulation upon us, that we have little control over. >> so what would a brexit mean for boston's polish community? they come to st. mary's church every week. mass is now also held in polish. many members of the congregation are worried. they say the brexit debate has stirred up resentment against them, although they have helped to make boston prosperous. father kowalski: because we came here with education, with culture, and people are ready to work, they pay taxes. and yes, i think we enrich this country. >> the eu opponents are out in force of th

is even stronger than have the in greet britain. -- great britain. the final point is the impact on the entire world. i think in a year or two we'll have worked our way there out short-term impact on sentiment and the stock market but this is a reflection point and move away from globalization. if we have higher barriers to the move of fwoods and product, less free trade, that is ultimately a slower growing world. charlie: will that happen, though? >> that's a very good question and what i've found interesting about brexit, it's been a test for those of us as people tend to see i see it as an affirmation of whatever their priors were. if you were a liberal you saw it as a -- in globalization and the power of inequality. within hours of the vote, you saw boris johnson, the former mayor of london and run of the leaders of the leave movement say no, this was not a vote against immigration. we still they britons and europeans should be free to work in each other's countries. whether this will be the big turning point in globalization depends on what happ

a monumental shift in britain. in britain. we have complete coverage of the historic vote and it's impact world wide. washington. today: am patchy fog. mostly cloudy, very humid, with isolated showers and thunderstorms. highs: 78-83 winds: e 5-10 mph tonight: mostly cloudy. mild. lows: 61-67 winds: ne 5 mph saturday: partly cloudy. warm, but less humid. highs: 83-87 winds: e 5 mph we continue to follow that breaking news. international fallout this morning, following a britain's vote to leave the european union. just minutes ago-- prime minister david cameron announced that he will step down, and

for britain, what kind of britain would it be if it left the european union? during the campaign, we did not hear much about that. it would totally remake the politics of the country. even if it were to remain, which is less of a story, but still a massive headline, still historic, it would leave this issue of this sort of, i don't know, it will be at least four out of 10 votes who don't like modern britain, who are worried about immigration. is something familiar to people in the united states, the idea of red states and blue states. it is not an exact comparison, but there is a significant chunk of the population that is angry about stuff. katty: and will have lost, whichever way it goes. or won. someone is going to lose. thank you so much for coming in. still to come, the eu referendum is coming to a close. in scotland, donald trump is in town, bringing presidential politics with him. lawmakers in washington ended the 25 hours sit in at the u.s. house of surpriseatives in a mass action which went on through the night. they were demanding congress vote on gu

britain has been a great exporter of goods. there's going to be tariffs imposed and more expensive. >> they are a bigger importer. for the average britain everything they buy is more expensive both new tariffs in place and because the british pound has fallen so much. everything becomes more expensive. as they negotiate, tariff agriculture is a big deal across the eu. 40% of the budget is spent on agriculture right now and that a lot of that comes to british farmers. they have to negotiate the different pieces over the next two years. the less impact for trades immediately but because of the chop in the market, the currency coming down, because borrowing costs maybe more expensive those things will feel effects immediately. >> i will ask you to stay with me. back over to paris to christopher dickey. you may have heard nigel farrage talking about it may be the first brick in the wall, indicating the dutch, swedes, ill at thely may follow suit. talk to me about the french. how will it be interpreted in paris? >> i think people tr

he says it britain must not turn its back on europe or the rest of the world. also, across the channel, german chancellor angela merkel says there can be no informal talks about brexit on to london makes the first move. the french president says there is no time to waste. in soccer, at the euro 2016, italy and spain go down to the wire. both hoping to advance to the quarterfinals and the right to play world champions germany. ♪ brent: it is good to have you with us. on both sides of the english channel tonight, lines are being drawn in what promises to be anything but a simple british divorce from europe. let's start in the u.k. outgoing prime minister david cameron has ordered a working group to begin the compress -- complex process of making an orderly exit from the european union. the work will now start but the next government, the next prime minister -- they will have to finish the jump. reporter: it was an upbeat baby camel who spoke to the british parliament for the first time since he announced his resignation last week. he told lawmakers his cabinet

i think in ten years you could have a britain that is only wales and england. >> so great britain is no longer great britain. >> i think those who revel in the recovery of the sovereignty of great britain, could discover that it doesn't exist in ten years. >> as we've said, donald trump happened to be in scotland today, a lot of people said it was a bad idea. it turned out to be interesting to be there at the time of the brexit vote. he was promoting two of his golf courses, that's the reason he went over. he had some interesting reactions to brexit. take a look. >> they want to be able to have a country again. soy think you're going to have this happen more and more. i really believe that. i think it's happening in the united states. if the pound goes down, a they're going to do more business, when the pound goes down, more people are coming to turnberry, frankly. >> how does this play into the trump campaign? >> i think he had a real opportunity here. to make a case about the perils -- and i think there are some parallels, to be sure. but he didn't take that opportunity. he spoke a

nethas been that plus -- plus for britain. today in theece wall street journal points out that it could affect the rate increase. now, the brexit vote might delay it again. what other ripples might we see in the united states. be a: that might transitory effect. certainly right now you see a move to caution. the fed will not be raising rates anytime soon. you see money shifting from the stock market. it is a mixed blessing for the economy. , that is nottiree so good. i think the primary effects will be on britain. one thing we have not touch but is the generational differences, a young people, those under 35 who want to stay in the union. they will have to live with this decision for 50-60 years. talk about long-term economic consequences. , they will have to live with the consequences, but not nearly as long. , by it is their country need to tell it like i see it. i could the decision to leave the european union will have some unintended and unforeseen consequences for the british people that on net will probably not be posit

in a sense, i hope that britain voting to leave -- which, britain is the second-biggest economy in europe -- begins to precipitate the breakup of this club. that is the basis on which we clamp aimed -- campaign for exit. juan: joseph choonara, how do you respond to those who say the driving force of the brexit campaign was an anti-immigrant, xenophobia, and nationalistic movement and that your portion of the left in britain has basically united with that movement? >> well, actually, we started the lexit campaign because we wanted to be an independent was that did not unite with those people. it is true there are people in borisxit camp -- nigel and johnson, who are happy to play the race card. that is entirely true. however, he would be a gross mistake for people on the left and progressives to believe that all of those who voted for exit were motivated by racism. of course, there was a racist exit vote, but they're also huge number's of people, the vast majority of skills from unskilled, and semiskilled workers in this country voted to leave. , birmingham for example, multicultural citie

in a sense, i hope that britain voting to leave -- which, britain is the second-biggest economy in europe -- begins to precipitate the breakup of this club. that is the basis on which we clamp aimed -- campaign for exit. juan: joseph choonara, how do you respond to those who say the driving force of thehe brexit campaign was an anti-immigrant, xenophobia, and nationalistic movement and that your portion of the left in britain has basically united with that movement? >> well, actually, we started the lexit campaign because we wanted to be an independent was that did not unite with those people. it is true there are people in borisxit camp -- nigel and johnson, who are happy to play the race card. that is entirely true. however, he would be a gross mistake for people on the left and progressives to believe that all of those who voted for exit were motivated by racism. of course, there was a racist exit vote, but they're also huge number's of people, the vast majority of skills from unskilled, and semiskilled workers in this country voted to leave. , birmingham for example, multicultural cit

will britain manage to hold together? will scotland decide that it wants to not go along with this and have its own referendum to leave britain? already members of scottish independence parties are suggesting that that is what they would want. the implications, people are arguing over in the long-term. in the short-term we're already seeing questions like that being raised. we're seeing the british pound drop big 10%, the lowest since 1985. the euro dropping too as some countries, some politicians, some lawmakers in other european countries say they too want a referendum to see if their country can leave the european union. so there is a question mark over the future of the european union itself. and that raises another question that many people have been asking and concerning themselves, worrying about. and that is whether the european countries will effectively try to punish britain, will not agree to any deal with the uk that is favorable to the uk, in order to ensure they send a message to other peoples in other europ

i think in ten years you could have a britain that is only wales and england. >> so great britain is no longer great britain. >> i think those who revel in the recovery of the sovereignty of great britain, could discover that it doesn't exist in ten years. >> as we've said, donald trump happened to be in scotland today, a lot of people said it was a bad idea. it turned out to be interesting to be there at the time of the brexit vote. he was promoting two of his golf courses, that's the reason he went over. he had some interesting reactions to brexit. take a look. >> they want to be able to have a country again. soy think you're going to have this happen more and more. i really believe that. i think it's happening in the united states. if the pound goes down, a they're going to do more business, when the pound goes down, more people are coming to turnberry, frankly. >> how does this play into the trump campaign? >> i think he had a real opportunity here. to make a case about the perils -- and i think there are some parallels, to be sure. but he didn't take that opportunity. he spoke a

britain will still be part of the european union tomorrow. we've mentioned several times here, it will take a protracted negotiation to finally get to the exit point. it could take years. why, then, why then if in real governing terms involving the relationship with the eu nothing happens tomorrow, nothing happens next month, why then all the anxiety of an immediate economic reaction? >> well, something happened tonight. and just the fact, lawrence, that the entire world market community was caught wrong-footed on this vote and had made big bets that britain would vote to remain in the european union was just dead wrong. polls were wrong. the betting figures out of ladbrooks were wrong. the markets had priced in remain. and now we have brexit instead. and so we're having a very sharp reaction in the markets. but the markets aren't going to wait two years to respond to the disma dismantling of this process that was started in 1957 with the treaty of rome in the aftermath of world war ii when the the europeans felt it was incumbent upon them to

they are not coming into britain. we are going to do all the things that, for instance, donald trump says he's going to do in the united states. at the same time, we are going to be independent and able to deal with the globalize zed world and be fast movers and great businessmen. it's all crap. that's not what's going to happen. what's going to happen as the ft pointed out is people are not going to be able to move around. young people in britain are not going to be able to do that. people who are working in britain are going to have to leave or re-negotiate their status. it's going to be a disaster. >> for the grace of god, this is happen. your vote does count. thank you both so much. >>> coming um, could it happen here? britain's vote to leave europe is the same anti-elite, an anti-immigrant forces powering donald trump's campaign. i'm going to ask james what hillary clinton needs to do for an emerging global trend. >>> plus, financial markets have plunged in the brexit vote. the decision to leave europe is your mo

if britain leave it is e, britain is going to face the apock lips and everyone is going to be forced to eat each other and that's the sort of the level of the arguments being put forward by the remaining camp. i think it's absolutely stagger, this belief, you know, that britain has mentioned earlier, the world east fifth largest economy, one of the biggest on the face of the earth. the britain cannot survive and function outside of the european union. i think it's frankly ludicrous and it's my view that, you know, britain, a nation that has been a global path centers will not only survive outside of the european union, it's going to drive outside of the european union. and the eu at the moment, i think, really ties britain down. it shafls britain -- shackles britain to what is increasingly declining entity that seeks to self determination and sovereignty. and self determination really do matter in this world today and without a doubt. that the british people have to enjoy, at this time. pan american parliament. and central bank of the america, a pan america court of justice in mexico

i don't see any way that britain can get around it. if they try to do it without invoking article 50, i think that's going to be a real problem, a real fight. i don't really know how this is going to work out. it's hard to see a solution. the to satisfy those pore brexit for immigration reasons. >> nicholas, thank you very much, indeed. amara, that is the context of london. and i think he put it very well, we don't know how it's going to work out, but we're trying to work it out for you. >> no one knows just yet. we're going to to take a short break. from here, when "cnn newsroom" returns, stepped down lately? we'll tell you about with another resignation, but this one has nothing to do with that. but hillary clinton campaigns with the potential running mate with some harsh words for donald trump. >> what kind of a man roots for people to lose their jobs, to lose their homes, to lose tir life savings? i'll tell you what kind of a man. a small, insecure, money grubber who fights for no one but himself. sfoo with my moderate to severe ul

that is not what we do in britain. country such as romania, poland, and the czech republic, who are concerned about this. we will be publishing a new action plan on tackling hate crime. we want new steps to boost reporting of hate crimes and supporting victims. prosecutors on racially aggravated crimes. security measures at vulnerable institutions and funding to organizations so they can tackle hate crime. whatever we can do, we will do to drive these hate crimes out of our country. mr. corbyn: thank you for that answer. last thursday, there was a rejection of the status quo, there are now 13 point 5 million people living in poverty in britain. up 300,000 in the last year. two thirds of children in poverty are living in households where at least one adult is in work. the prime minister has two months will he leave a one nation legacy and will that one nation legacy be the scrapping's of the bedroom tax, the banning of zero hours contract and canceling of the cuts to universal credit? where i would agree, we need to do

britain divides. well, at that time not very dramatic but the news is, indeed, dramatic, the brits are going to leave, okay. let me summarize here. at the end of the day the brits, the out vote in britain needed 16.7 million votes, get that vote and they are out. they have very close to that and all projections say they will meet the 16.7 million required. you're looking at number 10, you were for a second. that is the official residence of the prime minister of england, his future is in doubt. david cameron, he wanted to stay in the european union, he lost, can he still lead the conservative party in parliament? the reaction on the financial markets is a blood bath, down 700 for dow industrials, the nasdaq is down 5% and s&p down 5%. we are going to take a very short commercial break but we will be back with the big news y we were born 100 years ago into a new american century. born with a hunger to fly and a passion to build something better. and what an amazing time it's been, decade after decade o

voting is underway in britain right now. the country is deciding whether or not to stay or leave the european union. polls, they're closing in less than three hours from now. today's results will have big impact on our markets, on our economy, their economy, of course, and national security. our own charlie gasparino is joining us right now from london with the very latest. charlie? >> polls are pretty tight. if you believe the polls, it maybe slightly give the edge to remain vote as opposed to "brexit," which means britain exit but the bookies, this is very interesting, a lost gambling -- lot of gambling, bookies believe a large margin britain will vote to stay in the eu. that is what we're hearing. i have been out and about interviewing people. cosmopolitan, extreme remain crowd. even anecdotally it is 50/50. whether the bookies are right, polls are right, i can't tell you. we'll know three a.m. london time. 10 a.m. new york time where this goes. and listen, if the markets priced in remain vote, here is where it gets inter

britain leaves. aere is a disaster, in that man like boris johnson might become prime minister, which is disastrous for britain. talk about europe. camp in places like france, 61% of the population unfavorable of the eu, they demand a referendum. in denmark, they demand a referendum, where there is an anti-european party with more votes than any other party. in poland, people demand a referendum, and the whole thing starts to fall apart, the whole project starts to fall apart. permany is left with a few rum states hoping for handoffs from the german table, and that is cast as the european union, which is really just a neocolonial project. this, i admit, is the worst possible outcome, but it is not totally unrealistic. that's the terrible thing. peter: ulrike, do you buy into this? ulrike: i don't. politically, europe might be divided, but economically we are bound together. it is a very small continent, with very tight economic affairs. it is impossible to somehow get independent economically, and th

many of the things that have changed in britain have changed because the policies of succession of britain -- british governance. >> the issue you raised about whether the british people were sold something they did not know what it was they were buying, both when we entered in 1973 and in the referendum -- it was resolved more or less. the british prime minister has made it clear at the time this was much more than a market. this was not just a market. this controversy over what this thing is has run and run and run . it's never satisfactorily been resolved in the u.k., largely because you've had a leader who is prepared to make the case to the british people, what is this about, why are we in it. laura: just the point then. -- just another point then. an argument that the brexit camp are making is, why would britain want to be tied to the european union? when you look at the big issues, the migrant crisis, the eurozone crisis, what an absolute failure that has been -- why tie a country to something like that, to a project that some people might -- say might fall apart in the next 10 to 2

it's a big deal for britain but britain will have more than two years to try and negotiate the terms of its divorce from europe and businesses will adapt, europe will adapt, britain will adapt to that. it will be negative for the british economy but not horrendous for the british economy and i think for the global economy it should be okay and meanwhile you have very low united states and given those low interest rates, stock prices still look pretty good. if you see them fall, just as well as the case in january of this year or august of last year, may be a good time to put money to work. >> part of the problem may be that heading into this vote, there had been global leaders, there had been business leaders and there had been economists telling us this would be a disaster if britain voted to leave the uk. were they doing a little fearmongering? >> i'm afraid i think they were. economists are trying to scare the british people to some extent into doing what they thought was the right thing but may not -- should not cause a catastrophe and for all of the other economies in the world,

if britain's -- that britain remains to vote in, she will be behind history. thatcherism will look like a glorious last stand by liberal in england before it is subsumed into a collective european non-identity. in my view, in either event she will have deserved well of the people she governed for 11 years. without her they would not be having any choice in the matter. thank you. [applause] >> john, thank you very much those beautifully crafted remarks, extremely insightful, and i'd like to actually ask you an opening question with regard to the impact of brexit on the angle american special relationship. how do you see britain post-brexit be shaping the special relationship? could you also comment on the president obama's intervention a few weeks ago what he wanted the british people against leaving the european union, telling them they would be at the back of the queue if they don't vote for brexit? >> well, if, indeed, the british vote for brexit, that will start a process. it will not come overnight there will be no change. they will be essentially two year

why britain -- britain has a different relationship with the european union. then many of the core members, and that is rightly so. it does not mean that what people were voting for now was not powered by different arguments about why they did not like the status quo. i don't think a large number, a large share of the british public has been festering as the main thing they are concerned about is anti-europe. it is like leaving the tory party. [speaking simultaneously] charlie: one, the economic followed, two, the strong surge of nationalism and sort of right wing, for lack of a better word politics. ,zanny: let me to the second one first, because it links what we are talking about. we are already seeing a surge of populism of different flavors. we are seeing it on your side of the atlantic with donald trump. we have seen it in austria, we have seen in poland, we have seen in marine le pen. it is a big victory for the angry brigade, and it should be a wake-up call for everybody else. i hope they take the import of this event. what happens in terms of the econo

should britain be in or out? throughout the 43 years, the relationship's been intermittently fractious. britain gained economically but quarrelled over money and subsidies, not least over the kofn serve tore ship of margaret thatcher. in 1992, britain stayed in the club but declined to join the common currency, the euro. >> it is time for the british people to have their say. it is time for us to settle this question about britain and europe. >> reporter: cameron's evident motive was to quell the eurosceptic voices within his own party and make the case against the far right independence party. >> i will be advocating vote leave or whether the team is called. >> reporter: superficially the referendum was a story of ambition. a political heavy weight the political boris johnson coming out for the campaign. the cartoonists revelled in it. steaming down the line, boris at the controls of the brexit express, an anxious cameron roped to the rails. >> i believe that this thursday could be our country's independence day

it's not britain no more, is it? >> it's too much a mixed bag. >> and we are attracting too many people. yes, t the wrong people, the wrg kind. >> the eu opponents are popular here. many britons believe the eu's policy of free movement of labor is wrong. jonathan: i hope that the eueu implodes. it's an artificial construct. we face 2 tyrannies in this country. one is islamic fundamental terrorism.m. the other is the tyranny of euroropean bureaucracy, which is imposising rules and r regulatin upon us, t that we have little control ovover. >> so what w would a brerexit mn fofor boston's polish comommuni they come to st. mary's church every week. mass is now also held in polish. manyembers of ththe congregation arare worried. they say thehe brexit debabate s stirred upup resentment agagaint them, although they have helped to make boston prosperous.s. father kowalski: because we came here with education, witith culture, and people are ready to work, they pay taxes. and yes, i thihink we enrich ths country. >> the eu oppo

britain's decision to leave the european union has corporate executives concerned. those in the auto industry are no exception. ai uchida joins us now from our business desk. what exactly are these auto companies worried about? >> a lot of it has to do with their factories and their operations, catherine. foreign automakers including car companies from japan and the united states, they have factories in britain which serve as bases for exporting their vehicles to other european countries while the auto executives have expressed their concerns at a meeting in london, held by britain's auto industry association. about 300 people showed up. political and economic experts pointed to possible fallout from a brexit. they said if tariff free trade is not maintained between britain and the eu, it would have a major impact on the auto industry. many said they're worried about the fate of their operations. >> really disappointed. i can't believe we've done this. it's going to make working across europe so difficult. >> others said they're worried because their sales mainly co

and nonmetropolitan britain. and it sort of amplifies that message that there's a march of anti-establishment politics and the elites are not listened to in the way they were about of. >> is that a good thing? you are one of the elite. >> this has been a great celebration of our democracy, the fact that they've been able to give instruction about how to deal with this in the future. i don't incidentally believe you're correct. we don't have control of our law making because we can be overruled by the european court, unelected court. we don't have control of our borders. whoa have complete free movement inside the european union. however, many people choose to settle the uk they're entitled to do so. i don't know any other country, certainly not the united states, who would accept a position. we've taken control of that today. >> take back control was the mantra, but basically all the experts say, in fact, your laws are made here, those that really matter. the single market laws are made in brussels but now you wa

that is not what we do in britain. i reassure the prime minister's countries such as romania, poland and the czech republic at the meeting that we had last night. we do monitor these attacks and the secretary gets regular reports. i could tell the house will publish a new action plan tackling hate crime to step up our response be reminded steps to boost reporting of hate crime in supporting victims. new guidance to prosecutors and racially aggravated crime and new funds for protective security measures are potentially vulnerable institutions and additional funding to community organizations to tackle hate crimes. whatever we can do, we will do to drive these appalling hate crimes out of our country. >> jeremy corbin. >> i thank the prime minister for that. last thursday was the rejection of the status quo that isn't delivering. there's another 10.5 million people living in poverty in britain at 300,000 in the last year. 4.5 million people in england and wales alone are an insecure work in two thirds of children in pove

even if britain does decide to stay, what does britain make of this, how badly has the anger damaged the relationship with the eu? max: it is not necessarily that anger because the anger is nothing new, it has been around for a while and it is nothing exclusively british. you find that anger in france, germany, the netherlands. i do not think the anger itself will damage the relationship. but you are touching upon a very important point because even if the united kingdom remains part of the european union, and many officials have hinted at this, there will be some rethinking of european union, some are calling for a conclave of the leaders of the european union. try to figure out what holds the student together, tried to figure up what the path is moving forward and how to win back the hearts of the citizens of the eu. sarah: i want to talk about a more monday topic -- the weather. -- more mundane topic -- the weather. what sort of impact are you seeing that have on the turnout? birgit: the weather is really tragic, it is almost ironic. they had been plagued by this rain which is so

europe's leaders want britain to start separation proceedings soon, while britain seems to be in no hurry. "there must be no delay," said german chancellor angela merkel. the longer the delay in negotiation, merkel argued, other countries might leave. already there is referendums in half a dozen countries. among them is hungary, which recently built a razor-wire fence to keep migrants out. building walls seems to sum up today's mood, the departure from the europe build on the free movement of people and goods. >> we cannot talk anymore. we should act. >> reporter: carlo sibilia is from italy's new protest party, the five stars movement. he said britain's exit is a chance to reform the e.u. >> i think this brexit means we know exactly what is going on next, so we can actually manage it a little bit more what is going on in europe. >> reporter: secretary of state john kerry started his day here in rome and traveled on the brussels and london to urge e.u. leaders to make wise choices not aimed revenge. charlie, italy's prime minister says it's time to start a new chapter for europe. >> rose:

very disappointed with the outcome. >> this is britain. we are great britain. that is what we do. we have been around a long time and we will sort it out like we always do. >> that's it for me. this is our england. this is our england. ♪ inty: this is a big moment britain's history and the watchword of today is uncertainty, but one thing is clear and it has become apparent as i have been covering this referendum is that this is a very divided country. divided along geographic lines, also divided along generational lines. older brits tended to vote to leave. tended to vote to stay in the european union. the challenge, whoever is the next leader of this country, will be to try to unify the united kingdom. to heal those wounds which are still very real. that brings this special covers to a close pretty can find out more on the british decision to leave the european union on her website or at from all of us at "bbc world news america," thanks for watching. have a great weekend. >> make sense of international news at bbc.com/news. >> funding of this presentation is made possible by t

britain will stay in nato but we don't want it to fracture britain or britain without scotland in the future. laura: is it time for america to look for a new ally that will be in the european union? >> it's true germany has been rising in power inside the european -- europe for a long time. if britain leaves the e.u., if that actually ends up happening, then we'll have to have a partner. it won't be the quality of our relationship with london but a partner with which we can work more seriously and i think that has to be germany. i was in berlin during the brexit vote. the germans are very reluctant to put themselves forward. they've never seen themselves as a global power, a military power the way britain still does. laura: the fact that germany isn't the military power. what would be lost if the u.s. transferred its diplomatic weight to germany as the e.u. power base? >> well, i think there's much to be gained from a stronger strategic partnership between berlin and washington. one of the interesting things to look for will be whether or not angela merkel, if she's able to return to

there are more jobs in europe dependent on trade with britain than there are in britain. it's simply a lot of doom mongering and scare mongering. >> i feel like we're dragged back into the arguments of the campaign. i disagree. we don't know but the initial feedback from the market is not entirely positive. the thing strong from the europeans particularly the french and the german finance minister said they see no real merit in giving britain a good deal because they don't want the same thing to happen with other nations and i think, as a result -- >> rose: use them as a bad example for leaving. >> i think christine lagarde, that is a bit of an exaggeration. but britain going into recession, the pound sinking lower, it has to be-- it's can go down to 120. you can see banks and people already saying we employ a thousand european nationals in the london office or 2,000, will they have visas and will they put investment into london. >> any country running a current account deficit depends on the kindness of strangers to lend them money. britain is running one of the largest

britain in danger? or was that a scare tactic? we'll talk about it. bill: could a trip to the doctor be hazardous to the your health? there is a brand news fox news documentary we'll introduce to you next half hour that reveals disturbing findings about health care in america today. >> 60 days being a nurse i saw a patient killed by medication error. >> tell me what happened. that must have been such a shock to you. fresh out of school on the job. excited for career. >> worst than that. i discovered the medical error. now you can. when you lease the 2016 es 350 for $329 a month for 36 months. see your lexus dealer. bill: want to keep an eye on this, trading for 62 minutes on wall street. the dow is off sharply. not as bad as bit earlier. to the negative side, 384. 382. we'll see ultimately where we are at the close. we'll watch this stuff as we work our way through the day. 1032 here in new york. martha: breaking news. a new fire has broken out in california already burning, more than 100 homes to the g

the eu is britain's most important trading partner. britain exports half of its products to european countries and imports more than half of its products from the continental. to maintain this level the u.k. would need a free trade agreement. without won the u.k. would have to pay tariffs. brexit supporters are banking on the fact they will be able to cut a special deal with the eu. >> the special access is wishful thinking. it is not going to be easy to come to a special trade arrangement for the united kingdom. the european union has a huge body of law that sets the rules of the single market. >> it is likely to be complicated and messy. the stage is set for nigel farage to take a much bigger role in british politics. >> global markets have reacted swiftly to the brexit vote. daniel winter has more on that. >> there is a huge drop in the value of the pound. emergency managers were hit by the brexit shockwave. we will get the latest in just a moment. first a look at what economies are feeling the pinch. >> asian market sold off heavil

to say britain is anti-e.u. for decades isn't right. >> 40% of labour voters voted to leave the e.u. >> that was a protest against david cameron. >> the most pro european union party there is. >> they won't want to remain in the predicament they have been in the last six years. they haven't liked it. >> that's taking constructionism way too far. it's clear what people were voting for. it's drew britain is deeply skeptical. that's why we didn't go to the euro. >> there was talk of what people were voting for. people were voting against the e.u. because the e.u. was give bent to the status quo. now we're seeing the facts that people were not voting for anything concrete because they were promised a trifecta of things they couldn't v. some people were voting to stop immigration. some people like your description were voting for a little singapore, a free trading liberal nation. some were voting to get back to the '50s. they were different and completely inconsistent views and that's why we're in the predicament we

a britain that is free, a great britain that is sovereign and can make its own decisions, will be a far stronger allied force of the united states. president obama was absolutely theg to intervene in british state. i would describe the thervention as a slap in face of the british people. he comes over to america's closest ally on the international stage and tells dare leave theey european union, they will be at the back of the queue for a free trade deal. this is an extraordinary intervention by a u.s. president , not only giving the wrong advice, but also speaking in a condescending tone towards a very close friend and ally. needless to say, the intervention backfired. i think most british people rejected the idea that president obama should be lecturing the british people on how they should be voting in their own referendum. , that britaint would be at the front of the queue for a u.s.-u.k. free trade deal post brexit. andou look at the depth size of the u.s.-u.k. financial the largest, it is by investment relationships in the world. states has $5 trillion of assets in the united king

over this result in britain. then you have france. , the eu is less popular in france than in britain. there is a lot here that can go wrong. this is quite a shock to the european system. they are going to attempt to form an election in the tory party. we might have two new heads of the two major british parties who are going to have to try to put the economy back together in some way. treaties,of trade deals, agreements. describe the challenge for whoever it is who ends up running the tory party, how big is the economic challenge? >> it is huge. britain has been in the system for 45 years. it is woven through the british legal system. i've seen part of the complaints . , it is immensely bound up with the european system. it isn't just a question of renegotiating a trade deal with europe. britain has to renegotiate trade deals with all its other trading partners. that work was outsourced to the eu. whereof are these people going to be found? it has to be done quickly. on greaterthis drags the risk the uncertainty

it was still controversial in britain. by 1975, the brits were so conflicted bit already that they held a national referendum on whether or not they should get out of europe, right after they had gotten into europe. that referendum in 1975 was not close, interestingly. people thought it was going to be a lot closer than it was. they thought the brits were much more likely to get out of europe than they were. ended up being a 2-1 "yes" vote they should stay in. that was 1975. that was the last time brits voted on whether or not to stay in the european union or a predecessor of it. since then for the past 40-plus years, britain has been a cornerstone of a version of winston churchill's united states of europe. that structure, that idea of something holding europe together, ensuring peace in europe through economic integration, making war between european countries unthinkable because they were so interlinked that they could never really see each other as enemies again and they could never afford to wage war within europe aga

there are more jobs in europe dependent on trade with britain than there are in britain. it is a lot of scare mongering. >> we are being dragged into the arguments of the campaign. we don't know but the initial feedback is not positive. the thing that is very strong for europeans, particularly for the french, is that they see no real merit in giving britain a good deal because they don't want the same thing to happen to other nations. it is possible that christine lagarde on that level is a n exaggeration. the idea of the pound sinking much further, that is something. it could go down to 120. these are all things people see in money. what is happening throughout new york is you can see banks and people saying we employ 1000 european nationals in the london office, how many of those are we going to keep? they are certainly not going to put more investment. >> any country which is running a current deficit depends on the kindness of strangers. britain is running one of the largest current account deficits at the moment, 5% of national income. we're cutting ourselves off fro