There is a little bit more bullish than an hour ago on stocks. There is a lot of money going to havens. Tom the flow of news into this mornings call more. Is calmer. The fragility, within the United Kingdom and United States political scenes, Something Else to talk about today. Francine there is a second vote and we understand it will be a twoway race between Andrea Leadsom and theresa may. Lets get to the bloomberg first word news with nejra cehic. Nejra francine, exactly as you say, the race to succeed David Cameron is narrowed to two candidates today. Theresa may and Andrea Leadsom are the favorites. Conservative Party Lawmakers vote in the second round today. The two contenders will face the parties wider membership. The new leader will be selected by september 9. Germanys chancellor Angela Merkel says there can be no sustainable security in europe but without russia. Germany and its partners the agree an offer to have a dialogue. Merkel told lawmakers she plans to boost defense sp