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Was hit pretty hard. This was something that happened, you saw the yen was going to its highest level as the riskier assets took on hammering ahead of the key central bank. It is not just the u. S. Central bank meeting this week but the bank of japan, the bank of england and the Swiss National bank. Take a look at shanghai composite down by 3 . The hang seng down by 2. 5 . In germany this morning, the dax is down by 1 with similar declines at the cac and france. And well look at crude oil, this mornings crude oil down by 1 to 48. 57. Ice, brent crude, down by 50 cents to 50. 14. Back to the top story, terror in orlando. 50 people are dead and 53 injured in the worst shooting in u. S. History. Authorities in orlando have identified 21 victims so far. The gunman is 29yearold omar mate mateen, a u. S. Citizen. Well go to eamon javers with more on this investigation going on. Reporter good morning. An absolutely devastating tragedy he ....
Polls. You can see that whats been doing not only here but overnight in asia. Lets look quick overnight in asia up see the nikkei up about 1 . Hang sepg up about a third of a percent. The trading in european equities right now where the polls are open in the uk. You can see the dax, the cac up about 2 . The fooths up about 1. 5. Italy up about 2. 3 and spain, the ibex about 1. 7 . Currency is where this is playing out. The undecideds. If you are undecided. The brexit people are like fantically brexit. The ones that are brexit they have been brexit all along. And if you are not decided yet you are not fantically brexit so you are a stay. Atically brexit so you are a stay. What i worry about is worried the markets price caught all this is now an asymmetric risk at this point. 148 top pound. Take look at the currency boards again. Sterling round it up. 148. 54. Crude oil which the markets have been playing so much attention to. 49. 84. Across the pond now. The top story and polls are now ....
Wellcome to squawk alley for this thursday. Kayla tausche, and along with vanity fair correspondent nick out west. Good morning to you. Good morning. And now, redstone says that he no longer trusts the ceo, and he says that he is determined to trust in the company and not the shareholders to do the best for them. And so yesterday on fast money we spoke to tom freston. Well, the lawsuits and Everything Else has been a side show compared to the real story which is the fall of viacom from grace over the last several years that have been really one of the leading Television Networking companies in the business and now it is falling to a level below the peers on almost every metric plagued by all problems including the creative departures. And freston is outspoken, nick, and how does this move the ball forward . To what degree will we see any resolution in this saga . I, a ....
Vote in the European Union makes you numb. Were dealing with total overload at this point. We have prominent rich people that dont care about stocks. We have Hedge Fund Managers talking about how the pound sterling will crash. We have wall to wall coverage of this event in every periodical. More than i can recall when portugal, ireland, italy, greece and spain were about to go belly up a few years ago. I think theres a real possibility we could be taking something that isnt a big deal. At least most certainly for the u. S. And turning it into one. If major countries had truly defaulted during the euro crisis a few years ago i think we could have seen a collapse of the western world. This issue again could easily have rivaled the panic of 20082009 in our country. Im choosing not to worry as much precisely because everyone else is. It will be my job to recommend the stocks ....
Going on. The fed may or may not be on hold tomorrow. If they decide to leave the European Union could really disrupt the current european ord order. Dow sinking 58 points. Nasdaq losing. 10. That begs the question, how bad is bad . Is this bad any worse than previous bads . Isnt it worth asking . Especially the talk of a new bear market resonates to everywhere you go and listen. There are all kinds of bad, there are some you have to set up and take notice about like the dot com obliteration that began in 2000. Or the 2007 to 2009 great recession, where things fell apart. There was no assurance that the center would hold. You can never go wrong when talking stocks. Not every bad is big bad. There are derivative declines. Over there somewhere. Its a difficult problem to understand, to put in contest, and wrap up in a box with big paper and a bow. Thats what we have right now a wave of fear thats lapping up on the shores. The wave i ....