Leading the losses recently. Higher across the board. Up 2. 5 right now. The british pound and strength against the dollar this morning coming off of the worst today about an decades for the british pound. In asia overnight, markets are mostly higher. Right at the results of the vote. Party leader nigel for roche telling fox business those concerns are overblown. London is not a Financial Center or year. If the Financial Center of the world. Europe is becoming a little backyard. 85 of the Global Economy is not in the European Union. Maria breaking news on the big guys investigation. And never prices the Obama Administration ignored accounts is ignored accounts and still think the video for the deadly attacks. Heather clinton and donald maria unveiled new proposals on jobs, technology and trade today with the ideas for the u. S. Economy coming out. Out of mississippi, an explosion at a bp natural gas plant sparking a fire. No injuries reported. We will cover that for you. A massive recall for ikea. None of the dressers recalled over concerns that usually tip over onto children. A recordbreaking settlement. The automaker to pay nearly 15 billion to settle the emissions cheating scandals good stories coming out this morning. Joining us to talk about it, sandra smith from the wall street journal chief economic was on it and Fox News Contributor tammy bruce. Good to see everybody. Thank you for being here. I find the economy. After what has been really maria sherries. Stay with us. Charles schwab, chief investment strategist good way and in the face of the market rally. Trans Campaign SpokeswomanKatrina Peterson joins us by former desert to president Clinton Morris along with americas president tom erato. Find out how jobs are doing on wall street. Cohost of the five on fox news, dana perino joins us. Stay with us this morning. Global markets bouncing back after taking a 3 trillion loss in the wake of britains decision to leave the e. U. Ashley webster live in london with the very latest. Good morning to you. Reporter good morning to you. You must hear this type of the from the Stock Exchange this morning. The bleeding has stopped releasing now. The Main Exchange moving higher. The british pound also recovering just a bit. Certainly not recovering everything is lost. But still Uncertain Times ahead if we will follow the markets carefully. David cameron had into brussels would not want to be him as he faces the other e. U. Leaders for the First Time Since the vote to leave the European Union. He will overwrite with a warning saying that what happened to the u. K. If youre worried about contagion, make sure you learn a valuable lesson. Westminster issue is who will replace David Cameron. Conservatives have until noon on yours dead to throw their hat in the ring. Already expected to do that. Home secretary theresa may. On the other side of things, Labor Party LeaderJeremy Corbett and not downright dow has lost 24, 25 of his farm bench resigned. He faces a voter cant dance today. Its his future leader of the labour party very uncertain. Also later today of rally planned in the middle of the city. Estimates anywhere from 35 to 50,000 people expected. A proe. U. Rally. Quite a bit of anger. Very interesting to see how the rally goes. A big crowd will be covering it all the way. Back to you. Maria will follow that. Ashley webster in london. Britain losing its aaa Credit Rating after is the beaches to downgrade alert affected the stock market losses. Rafferty Capital Research analyst odea. Thank you for joining us. As the downgrade concern you, really want to get your thoughts im Financial Post this ftse. Is accorded the u. S. Financials as opposed to the European Banks, the u. S. Banks actually benefit for whats gone on to this point. Most of the theories argue that either the shortterm Interest Rates will stay very low than doubled her and profits are that there is some sort of Systemic Risk sitting in the Banking Industry are pretty much incorrect. If you take a look and go backwards before we go forward, if you take a look at the year 2015. All you heard was Interest Rates are too low to the economist are growing rapidly enough. Huge loss occurring as a result of the drop in energy prices. Big banks cant be managed at the end of the year, at the end of 2015 the big industry reported the highest pretax profits in its history in four of the biggest earners in all companies in the United States were banks. Jpmorgan earned more money than ever come me in the United States other than apple. Wells fargo was the fourth biggest earner. To the group of seven. Bank of america was 10. There is nothing sad in 2015 about this industry which would have told you that was going to happen. Maria thats a big number. In other words, it sounds like you are not as concerned as so many had been over the last couple of days. What is the impact of the u. K. Exit and eat you . There are new regulations may need to be formed in the next two years. Do you expect the banks to be pulling employees out of the u. K. . What is the impact . They will not pull anybody out of the u. K. Basically if you think about the london markets and i think the quote that you put on a few minutes ago is exactly correct. Tens of thousands of people with intellectual capital sitting there that dont want to live in zurich where dublin or frankfurt. Youve got literally hundreds of billions of dollars spent in technology over the years had used by the legal system is fleshed to benefit trading in london. People think you are going to tear off at a party and throw all around the world in places where they dont have the technology. They dont have intellectual capital and the legal systems. There are two issues which are pounding the banks they are. The first one is this theory to shortterm Interest Rates are going to stay low for a long time and nobody knows how banks are going to make money. For the last seven years come and effective federal funds rate has been 25 basis point. Two thirds of that period, the rate has been below 15 basis points. That does not stop firm showing bigger earnings every year except one. That fury which argues theres shortterm Interest Rates drive Bank Earnings is simply dead wrong. What drives bigger advances loans. Investors responding to the wall street journal today wall street journal today coming into credit, royal bank of scotland come in Deutsche Bank on more than 50 down on the 52 week highs. What is the market telling us about u. K. Banks and European Banks . What happens to them in the wake of this vote . They dont have a clue as to how things function. Anyway, the fact is if you take a look at american banks. I want to talk about European Banks. Im not a European Bank analysts. Youve got assigned to talk about one of them. Think about u. S. Banks. And the last five years theyve added 3. 3 trillion in deposits. 2 trillion of that has been put into either the federal funds for the Federal Reserve or buying governmentbacked securities. 1. 3 trillion of that was to make laws. The net effect is you have built a Banking Industry in this country, which has moores ability, more the quiddity, more capital than you seen in 45 years. At the same time that is happening, people are worried that some counterparty risk coming out of europe, which basically is going to impact the stability of the american banks. Sandra were looking at goldman sachs. In the premarket of them in the u. S. Banks are bouncing back ahead of the open. People will start to say when the reply. The u. S. Investor has been so nervous. Can you talk specifically where you think people should start to put their money to work if indeed we start to witness a turnaround here . Take a look at bank of america selling at 50 of its expected book value for 2016. The company has 400 billion in securities, which they are going to get this massive windfall profit on because Interest Rates are declining. Beyond that, the bank is in a situation where if Interest Rates keep dropping, theres going to be a huge refinance boom in mortgages, which will drive their revenue up maybe 20 to 30 in the Second Quarter and probably 100 if Interest Rates go with what people talk about in the third quarter. Their above volume is increasing very rapidly. Theyve got more capital than any other company more equity than any other company in the united state in this bank which is considered to be brought and beaten down has made more money in 2015 than ever come me the united basic steps nine and three of the nine that the banks. Maria sounds like all this is an overreaction from negative Interest Rates and the impact on the banks to the overreaction for it leaving the e. U. This thursday we will hear from the Federal Reserve in terms of which banks and paid dividends and do buybacks. Roleplay, who is best positioned when the fed makes the announcement on thursday . Bank of america will double. And citigroup, dividend will go up. The fed may decide they want our capital in the Banking Industry, which obviously is a the factors on thursday of last week, the fed had 33 banks the biggest banks of the United States could withstand a depression and still lend money. Get on friday a whole bunch of traitors at the Systemic Risk exists in the industry and everybody decided the Federal Reserve and the fdic know nothing about tanks and the traders know everything about them in the stock has plummeted. Maria there you go. Drew a dark by what every case. Maria wow, all right. Real bullish today. Thanks so much. We will talk soon. He did say he thinks the dividend at the bank of america will double. Ikea issue and a recall of millions of dressers calling it a danger to the lives of children. The Committee Investigation of the benghazi attack coming to an end. More findings in this report. Back in a moment. When a moment turns romantic why pause to take a pill . Or stop to find a bathroom . Cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis and a 200 savings card. Maria welcome back. House republicans that they report detailing Hillary Clintons connection to the 20 talk terrorist attack of mendacity. Kathryn harrison out the details. Good morning. Good morning, maria. The report found that nation for the 2012 attack was crafted in washington by political appointees and did not reflect realtime intelligence available from american personnel on the ground in libya. State Department Security agents immediately but ported to her chanting at lotions and gunfire 70 people rush the compound with an assortment of ak47s, grenades and rocket propelled grenades. Ever porting a protester link to a video. A key white house meeting on september 11, 20,030 senior deputies to the cabinet as well as the secretary of state who equipped in which convened 7 30 p. M. Eastern about three hours into the assault. While the meeting was supposed to be about a guy sitting at that time ambassador Chris Stevens was still missing from the report found five of the 10 action meetings reference the video. They spent the majority of their time talking about things completely superfluous to the main point, which at that point was to find a missing ambassador in missing ambassador in the pet and earth to save those americans in trouble. The report interviewed 80 witnesses previously not called to testify. Then rose the current u. N. Ambassador susan rice for her National Television appearances five days after the attack where she put the emphasis on internet video is the reason americans were attacked to benghazi number 11. The select Committee Democrats released their own report on concluded the Defense Department could not done anything differently to change the outcome of the bad guys in law security was totally inadequate, Hillary Clinton never personally denied any request for additional security for the operation there. Maria thanks very much. Attorney general jerry schaefer. Thanks for joining us. Are you surprised by the high degree of partisanship on these findings . No, im disappointed as always this is the case. Its very clear you have one im disputable fact that ms. Clinton did not act before hand to make sure libya or centerpiece of policy was taking care of. The night of the attack that its very clear she did not work to be aggressive and clear in trying to send there was once after the fact that katherine just pointed out in her report before the attack was done, they are now caught in the narrative they were going to use. Keep in mind ambassador stevens was probably a bite at that point. Democrats and there was no response possible is false. I talked to sources on the inside. Fernando was ready to roll. He talked about the fact he had resources ready to go through the whole narrative of the democrats that its also designed to give ms. Clinton some sort of a pastor say she was in charge but it doesnt hurt all. But, maria, either take a the 3 00 a. M. Call and do something with it or pass. In this case should pass. Tammy bruce here. There are arguments that secretary clinton at the time never personally was no msm issues are never purse i responded. Isnt that the rates established . We know ambassador stevens never had her email address. It is interesting she seems to have been protected in a certain way to say she never personally intervened or issued an order. Its that kind of structure what wed expect for the team of people who are supposed to be addressing this . Thats correct. Maria manages enterprise through a soda straw. It goes both ways. If youre not personally bought them into cant get this done in a move or say protect purposes of making sure it doesnt come upon her. That is dodging responsibility. This is a pattern if its good i want to take credit. If its not that i had no idea whats going on here. She said over and over again i didnt know this. I had no idea. That is not emblematic of a good leader. A good leader said this is what i thought. This is what i was trying to do. Before the attack there was adequate proof, multiple intelligence reports that benghazi was in jeopardy. The british had shut down their mission. Maria will this impact the white house race . Donald trump will use this and rightly so. Anybody whos going to look at who the commanderinchief is going to be asked to understand therell be situations like this on a daily basis. The question becomes do you weigh into it into what is necessary to save your ambassador for you just like to do the political insight they been doing so far. I would hope someone would act with lafferty and clarity. Maria Lieutenant Colonel tony schaefer, thanks so much. We will be right back. Maria welcome back to me that explosion at natural gas plant in mississippi. Cheryl casone with the headline. Trade for an explosion erupted into a massive fire a southern town of mississippi. First reported around 11 30 p. M. Last night according to police reports. There were parts of casualties so far. The blaze has since been brought under control. 60,000 acres of wildfires in california claiming the lives of at least two people and destroying more than 150 homes had firefighters continued to battle the blazes according to the California Department of forestry which stretched to the mexican border. Strong winds and low humidity putting parts of southern and Central California under continued fire warnings including the mountains of los angeles, ventura, Santa Barbara and kern counties. This morning apparently calls to tell you about yours. Some attempts at General MillsNature Valley granola bars for listeria contamination from sunflower seeds. So far no reports of illnesses at mr tr