Its all good, but during the day, the route intensified. D th globe. As investors try to assess what the united kingdoms decision to leave the europe on union may mean for their money now and in the longterm. Today, the losses were deep. Not as heavy as friday, but the reason for the selling wasnt the same. Investors dumped assets they consider risky and rushed into government bonds for safety and that sent bond yields to record lows. By the close, Dow Jones Industrial average lost 260 points to finish at 17,140. Nasdaq fell 113. S p 500 was off 36. Bob pisani has more on todays sell off. It was another tough day for the market. Now, we did not end at lows, but that was not consolation. Volume was heavy, t 70 above normal as institutional sellers came in and reduced exposure across the board. Two big problems on u. S. Stocks. First is lower for longer interest rate. Its killing financials. It was another ugly day for Money Center Banks like bank of america and jpmorgan, but even regional banks and met life got clobbered at well. Second problem is the dollar. Its rallied about 3 trading sessions. Big pressure on commodity and commodity stocks. Energy names were down as were copper stocks. Steel stocks like allegheny and iron ore names like bal irk. Any good news . Utilities and telecoms like verizon were at or close to new highs because they do well in low rate environments and volatility was down today. Thats strange. I think some traders do not believe this wild volatility will conti b kerry is meeting with eu leaders and he called on them to remain calm. Especially during the political and economic transition. But this london, it appears as though thing rs anything but. Sara eisen reports. Trz. Investors picked up where they off on friday selling british stocks and the british pound after political turmoil intensified over the weekend. Prime minister David Cameron peeking out today for the First Time Since announcing his resignation after losing the referendum vote. Speaking out also for the first time before Parliament Offering word of calm in the face of what has been political and market uphooefl, changes ahe. Turning to the economy, its clear markets are volatile. There are some companies considering investments and we know this is going to be far from plain sailing, however, we take confidence from the fact that britain is ready to confront what the future holds or us from a position of brusse to meet with leaders of the 27 other eu nations. Theres anger in the uniteded kingdom as well, particularly from scotland, which voted to stay in the eu. The Scottish Parliament was just doing this on the basis of whats right for scotland, then the opg of saying were not going to vote for something against scotlands interest. England, thats why im so upset. But my job is to judge these thins on the basis of whats in the can you imagine the fury . And thereanger on the street london where british businesses are trying to navigate a weaker currency. We get our ingr so, our supplier is like a spanish company. We get the duck meet from the so, everything has to be imported, im sure its fwoipg to be affected. Nearly 4 Million People have signed a new petition calling for a rerun of the referendum. Something the cameron government reigns dow in the united kingdom. Jack lui here in the u. S. Trie restore calm today despite the selloff, he said the u. S. Economy toing pretty well and there is no signs that a be ncial crisis is developing econom head winds, but i think as weve seen friday and through there is a kind of ord orderlyness inhee systems are all working. Luis counterpart in the uk also tried to reassure Financial Markets and the british people his countrys economy with resilient. It will not be plain sailing in the d but let me be clear, you should not underestimate our resolve. We were prepared for the unexpected and were equipped for whatever happens and we are determined that unlike eig fina system will help our country deal with any shocks and dampen them not contribute to those shocks or make them worse. As for britains financial system, barclays saw its shares fall so sharply today they were halted at one point in london trading. Other ur bank stocks tumbled for a second straight session. Britains decision to leave the eu is seen as pressuring Bank Earnings when time already poor. Standard poors stripped the uk of its coveted Credit Rating. They said the decision to leave the europe yn ewanen said it changes the economy. The uks Credit Rating was cut by two notches and s p warned more downgrades could follow. The outcome of the referendum has also slammed the brakes op almost any stock relate to the auto industry. The fear is britains economy could slow and so could europes. That could slow auto sales. After coming out of one of the worst slurp sloughs in year, europe is giving automakers a fresh round of headaches. The big fear, brexit will slam the brakes on awe a toe sales. With 2. 6 million vehicles sold there last year, but some are predicting a double digit drop in uk auto sales over the next two ye the fear being British Consumer Confidence drops at brexit and the britts will buy fewer vehicles. Its a major concern for the big three because europe has long been a market where theyve lost billions of dollars. Just last year, ford finally turned and this year, gm, which has a huge presence in europe with its brand expects to break even in europe for the first time in 17 years. Of course, thats assu do not s eu wrestles with life after brexit. S is that their largest and most lucrative market, the u. S. , remains strong. Largely due to heavy demand and price increases for trucks and suvs. Their most profitable vehicles. So far, awe though makers not made m to production scheduled for the second half of this year and remember, many awe though makers close plants in europe during the recession, so they are leaner and better prepared to handle the slowdown in sales in the post brexit fears become r phil lebeau, nightly Business Report, chicago. The auto sector isnt the onlyg clo attention to developments overseas. Major defense and Aerospace Companies are now left with a lot of unanswered questions. Jane wells both good news and bad news for Defense Companies after the brexit. First, the good news. If the brexit makes europe less stable, the u. S. May get more defensive. A note from rbc suggests a weaker europe could imbolden russia. Now, the bad news. A strong dollar may make products like the Lockheed Martin f 35 less affordable. The britts want to buy 138 of the next generation fighter jettings r, but have s ord 14. There were also hopes the uk in orders for pa siden and apache helicopters, but orders may be subdued. Shares of bea systems in particular have taken a beating as joint ventures with European Companies may get a second look. The expected ighter jet c pause in British Defense spending. Some comparing the brexit to the sequess planned to boost its Defense Budget through 2020, but ihs james predicts spending will stagnate or fall. Foreign investment may slow and british exports could take a hit. Still britain is ready to confront what the future holds for us from a position of strength. As a result of our longterm plan, we have today one of the strongest major advanced pri minister David Cameron said none of that happens immediately. For now, trade will continue as if the uk was still in the eu. Stay tuned Silicon Valley is taking note, especially some of the companies that are most widely held by investors. Facebook, google, netflix. A bnh a look at the potential impact of the uk vote on some of the Fastest Growing internet names. In the wake of the brexit vote, investors are weighing n in the internet sector despite the head winds, Money Managers are also seeing opportunity in fi to privacy concerns. With potential changes to pushed the eu to take a lighter touch regulating the uk and others. If quou look at europe, thereif perspective on privacy rules. On the continent that we have in the United States and in the uk and if those perspectives become ascended in the world, thats going to limit some of the and with brexit prompting new are asking of a recession in whether that could hit advertising spending as faceb k facebook produ su as netflix. Plus, there are concerns about currency exchange. Laura ma raising concerns about netflix and facebooks growth and values. Facebook generated about 4 growth last year, martin warning of the impack of slowing demand and currency translations. For netflix, martin cautions that growth story and Capital Investment is offshore, opening the door for brexit to impact demand or currency. Jefferies estimates that 60 of International Revenues come from europe. And a thir alphabet is is our largest holding. Of an unusual name for a value mag it and say, you know, 660 some, s multiple of trailing earnings ux but we thie assets alphabet has. Its not entirely without risk. The wall street journal reporting the eu has signals its preparing to issue new antitrust charges for google. Im Julia Boorstin in los angeles. With the u. S. Market still digesting the brexit results and many u. S. Industries feeling the effects, which stocks should you own in this rather uncertain environment . Neil hennessey joins us. He is the chief Investment Officer at hennessey funds and he has some ideas for us. Welcome back. Thank you. You make the point that this may take some time. To really unwind. Several years. And that may provide opportunities for investors. Yeah, i think so, sue. I think if you just step back and look at whats happened, this is not the end of the world. Me isn it. When you start to look at the u. S. Market and whats really happening is moneys pouring in to our market. Just going into the fixed income like the tenyear u. S. Treasury yielding 1. 4 now. Reality of the situation, i think this is giving the opportunity to Retail Investor that has a majority of their money in fixed income products, to get out and switch over to equities and if you need dividend pay in equities or growth, thats whe. In fact, the dow jones is almost yielding 3 . Which is twice 2. 8 twice what a tenyear treasury, so why would you want to be there, sue . Theres a lot of opportunities. I take your point on the idea that the yield is higher, but the investors so far been rewar if they were in bonds as Interest Rates have come down. Theyve collected that income. The value has gone up and you cant say th know, if you at the stocks, theyre down 1 . The dow is down 1 this year. I know its been volatile and everybody thinks were down a lot more than 1 , but overall, the market aes down 1 and when longterm, i think youre better off in equities. Yes, people hat tyler, if you on the back of an envelope, how from oney did you really 1. 90 to 1. 40. Really . Youre not making t much money. Agree. Just addressing the idea that its hard to persuade people to move their money out of what they regard as a securer asset. Ie bonds. And into stocks at a time when well, i made a little, havent made much, but some and the guys on the other side have not theyve lost a little bit. My only point. The other thing is small caps. You say that small and mid caps look good right now. Small caps were down 3 . How do you explain that . Well, if you start to look at the multinationals and have a strong dollar, tyler, they could get hurt in here. What going on, certa the multinationals have some head winds. Mid caps and small caps do not have because most of those companies are domestically oriented. Im going to put on your stock picks for us, neil, because we need to wrap this up. But youre looking at basically manpower. Good year tire. And kcs general store. Three ideas that you have for our viewers tonight. Hank you, neil. We have to run. Youre welcome. And still ahead, new twists, new turns, new attacks on the campaign trail. The ladies in blue in to the campaign trail where Hill Elizabeth warren made a joint appearance in cincinnati, ohio and the senator didnt hold back on her attacks against donald trump. Amon javers has the story for us. N playbook. It was stronger together, both the leftf Democratic Party that is stronger together going into november. Elizabeth warren has not always been such a warm endorser of hillary clinton. This was the moment the Clinton Campaign have been waiting for really because of sanders voters out there looking on board with the clinton sho camp. They got that in spades today. Warren gave a full throated endorsement. You can see that from the pictures and the folks there said there was energy there like theyve never seen before at a clinton event. Warren on the potential list of vice w search for that going . Seems to scin be out the window here. If you had warren, youd have two women on the ticket. Is that a positive, a negative . Its hard to calculate. The old traditional calculus, you go with somebody from the other wing or maybe they need a white male in that spot. Geographic distribution. But wn and clinton will have to be out on the campaign trail together a lot this year whether shes not. What about the short list for donald trump . Over there, its curiouser and curiouser. You saw Newt Gingrich over the weekend, the fomer republican speaker of the house saying heh. No inbound phone calls so to speak, but he said donald trump might not even start thinking about who his Vice President will be until about two days before the convention, so anythings possible over there, too. It is such a wild year. It sure is. Met tronic inks a billion dollar hard deal. The medical device maker will buy heart ware which makes products for treating heart disease. Down a share. Heart ware nearly doubled to 37. 57. 79. Dicks s bitdin on Sports Authority locations. E submitted a bid for 17 of its formal rival stores making it the only bidder to make offers on more than one store. A bankruptcy judge is expected to review the bids next year. Sports authority filed for bankruptcy in march. Shares of dicks off 3 . Amazon is reportedly adding brapds to its one click ordered service. The w says dozens of household products will join dash, which was launched last month. Amazon down 1 . Gw pharmaceuticals, which makes drugs derived from the cannabis plant reported positive result frs a late stage trial from a teemt indeeded to treat epilepsy in children. The ceo says this is just the first step. Todays news syndrome, another a highly treatment resistant form of epilepsy. Weve had fantastic news today that really catapults us forward to think about a file wg the fda early next and to plan towards a lawn f of this important new medication. Shares up more than 6 to 88. 88. And coming up, whether youre a my len yal, mid kai or boomer, what if anything should you do heres a look at tomorrow, nike and another look. Largely convert it into apartments. The Insurance Group that bought the hotel last year is close to finalizing plans to close down the 1400 room place for up to three years. All but 300, maybe 500 rooms going to be converted into luxury condo of about a billion. The panama canal has officially reopened. The multibillion dollar ek pangs chinese ship e canal carrying more than 9,000 containers entered the newly expanded locks. U. S. Ports have been investing billions to expand their facilities in order to accommodate the mega ships. What should your 401 k investment mix look like in a volatile market like this one . Sharon epsspeciallyiey has more. Watching your 401 k , your ira account balance drop is scary,an to said the same thing. Dont invest based on market moves. Invest based on you. The best way to protect your money is to find the right mix of stocks and bonds based on your goal, when you want to retire, how long you plan to be in retirement and what you plan to do when youre retired. Your risk tolerance, how much of a drop you can really stomach or affordage. Because the more time you have, the more aggressive you should be. Using these three factors, there is an Asset Allocation that many suggest. For those in their 20s or early 30s, its important to stay aggressive. Keep mnd d t means 60 in u. S. And 25 yes, in foreign equities. The remain now, for those in the middle of their career in their 40s or early 50s, use a growth portfolio, that contists of 70 stock, 25 bonds and 5 shortterm investments. Retired, advisers say your stock, 40 in bonds ed and 10 in shortterm investments. Remember, ther no one size fits all approach. These mixes are a great starting point for any investor, but youve got to tweak it based on your risk tolerance, age and goals. Gl after watching the markets the last few day, there may be folks out there who arent comfortable in u putting that much money into stock. R portfolio. You want to be in equities if d if you are retired, you may still have a decade or more in retirement, so some of that will be to be it you can make sure the majority is in stocks if youre uncome rtable sources about invesing in european stocks at this point or stocks that may be based in the u kk. An innational mix. With some european exposure. Things that fewer price points out is regardless of what percentage of in u. S and 30 in n equity, foreign equities. Even if you retire and have a little portfolio, some should be in foreign stocks. Thank you. Days like this put you in touch with your risk tolerance. And finally tonight, wido impact of the falling pound sterling. Union, the ote b pound has tumbled to its lowest level in about 30 years. The prize money for singles was increased, but when you yea ago andat, its worth abo late today, another kind of brexit. In a shocking result, mary england was eliminated from the european cup soccer tournament by another small island nation, iceland. That was a big shocker. Thats nightly Business Report for tonight. Im sue herera. Thanks for joining us. Thanks from me as well. See you back here tomorr narrator tonight on spark our creative nature. Snow drawings on a grand scale in the sierra. Hinrichsen this piece really asks me, as the artist, to give up a lot of control, to just let go and see what happens. Narrator a San Francisco choreographers spellbinding ode to mother nature. Nelson the natural world, to me, is a friend, is a best friend. Yet, here is our planet. Its in trouble and i dont think we realize we need to care for it. Narrator berkeley designers take a green approach to 3d printing. San fratello printing with salt is incredibly inexpensive. It only takes sun and wind to make this material. Narrator and. Capturing arctic soundscapes before they melt away. Leonard mmm. I hope that, by experiencing the sounds