Listen, please. The repercussions have been immediate. That was from earlier. Nigel faraj did something extraordinary. 15 minutes after the polls closed he emerged and i remember these were the latest that the leave campaign that he emerged and basically conceded. He appears to save the state campaign will enjoy a narrow victory and then he walked away. Now about an hour or two later when he realized that the vote was going the other way he came out and im quoting here i dare to dream dawn is coming on an independent uk. Sort of chilling phraseology there but that is what he said total reversal. He is not doing well in the public eye as of today. I want to roll a sound bite and this is from president obama when he visited england about two or two and a half weeks ago, three weeks ago maybe. He was trying to persuade the brits tuesday so listen to this for us minute. I think its fair to say that maybe at some point down the line there might need a uk u. S. Trade agreement but is not goi
London with reaction the day after. Charlie the reaction is one of trepidation, celebration. Lets go to the trepidation first. This wasnt a resounding victory for the leave. It was 5248. But to leave the eu did not win by an overwhelming margin. A lot of people are worried about the future and worried about jobs and all the stuff they have been hearing about from the established politicians and the established media that this would lead to an economic downturn. The celebration is the other side. And obviously thats 52 of the vote. What they are saying is this is a chance for britain to take control its sovereignty, leaving the eu, leaving the fact that they no longer have to answer to a bunch of bureaucrats in brussels is a good thing. They can enact their own tax policy and it will more than make up for the handouts with a lot of british financial newt and thatcherrism. This mr. Play out for the weeks, months and years ahead. The u. S. Markets will decouple from this in a couple days.
Donald trump and a loss for Hillary Clinton because the brits voted on the same issues that we vote on here in november and they voted for trumps point of view. The financial reaction and here is where the drama comes in. Dow jones industrial average, the futures suggest a 500 point loss. The price of oil this morning is down about 4 . Roughly 47 per barrel. 5 right there. The price of gold, now, here we have the flight to safety. It is way up. 70 higher. And what, 1333 per ounce and gold mining stocks as a group, they will be perhaps one of the biggest winners of the lot. And thats got the 10year treasury, thats a key number. 1. 54 . And our regular viewers may remember that at this time yesterday, 24 hours ago precisely, that number was 1. 74 . You rarely see a drop of that kind in a key Interest Rate just like that. You rarely see it. Now, the big american banks, they are going to be the biggest losers, look at j. P. Morg morgan, and the sector thats getting slammed, british stocks,
But first Charlie Gasparino in london with reaction the day after. Charlie the reaction is one of trepidation, celebration. Lets go to the trepidation first. This wasnt a resounding victory fothe leave. It was 5248. But to leave the eu did not win by an overwhelming margin. A lot of people are worried about the future and worried about jobs and all the stuff they have been hearing about from the established politicians and the established media that this would leato an economic downturn. The celebration is the other side. And obviously thats 52 of the vote. What they are saying is this is a chance for britain to take control its sovereignty, leaving the eu, leaving the fact that they no longer have to answer to a bunch of bureaucrats in brussels is a good thing. They can enact their own tax policy and it will more than make up for the handouts with a lot of british financial newt and thatcherrism. This mr. Play out for the weeks, months and years ahead. The u. S. Markets will decouple
But first Charlie Gasparino in london with reaction the day after. Charlie the reaction is one of trepidation, celebration. Lets go to the trepidation first. This wasnt a resounding victory for the leave. It was 5248. But to leave the eu did not win by an overwhelming margin. A lot of people are worried about the future and worried about jobs and all the stuff they have been hearing about from the established politicians and the established media that this would lead to an economic downturn. The celebration is the other side. And obviously thats 52 of the vote. What they are saying is this is a chance for britain to take control its sovereignty, leleavg the eu, leaving the fact that they no longer have to answer to a bunch of bureaucrats in brussels is a good thing. They can enact their own tax policy and it will more than make up for the handouts with a lot of british financial newt and thatcherrism. This mr. Play out for the weeks, months and years ahead. The u. S. Markets will decou