born in spain in 1932? >> and lived in spain throughout the civil war. >> lived through the civil war. >> and because i was a child, didn't suffer as much as other people would have suffered. but have very vivid memories of entire lives during the civil war. and i have some comments, if you would allow me to make -- [inaudible] >> actually, you know, i should ask if anybody else would like to answer that question, why don't you get in line so the microphone will pick it up, because i forgot that we're supposed to say everything into the microphone so that c-span, which is filming this, can hear our response. >> not very many -- [inaudible] >> that's right. ing this microphone. [laughter] >> you want to talk? go ahead. >> thank you. i just wanted to mention one thing. first of all, your review is fantastic, and i appreciate it. i'm going to read your book in great detail. the one thing i would like to mention is that the reason that some countries like france, the united kingdom and the united states did not

i think of the spanish republic had won the war, people of spain would have been much better off. there are right wing historians that said if the republic would've won it would've become a soviet satellite. it is true, the soviet state have great influence in the army and security police. i think to effectively turn a country into a satellite you have to have military occupation. the soviet satellites in eastern europe could remain that you eat way for 40 years because the red army was at hand in moscow did not stop and hesitated to play when somebody got out of line. as seen is it six in east germany, 1953 in czechoslovakia. similarly, the u.s. kept most nations in central america and the caribbean doing pretty much what it wanted throughout the 20th century through ceaseless string of military interventions. without a red army occupied the republic of spain i do not think it would've been a soviet satellite. what kind of of country what it have been? i think democratic, disorganized, chaotic, but not a military dictatorship. furthermore, and this sort of gets to the second ques

in soccer, at the euro 2016, italy and spain go down to the wire. both hoping to advance to the quarterfinals and the right to play world champions germany. ♪ brent: it is good to have you with us. on both sides of the english channel tonight, lines are being drawn in what promises to be anything but a simple british divorce from europe. let's start in the u.k. outgoing prime minister david cameron has ordered a working group to begin the compress -- complex process of making an orderly exit from the european union. the work will now start but the next government, the next prime minister -- they will have to finish the jump. reporter: it was an upbeat baby camel who spoke to the british parliament for the first time since he announced his resignation last week. he told lawmakers his cabinet had agreed that their assault of the eu referendum must be accepted but he would not be pressured by european leaders to trickle -- trigger article 50. >> i have spoken to another -- a number of european leaders. we have discussed the need to prepare for negoti

and spain just below 1%. spain and italy roughly one point 5%. yields falling after the election results show the leader mariano rajoy did better than expected. last two days. friday and today. against all the major currencies. biggest to-day decline. biggest gain in the end. game.cord to-day this is the ftse and as you can see rbs and barclays are trading again after being suspended. bloomberg surveillance is up next. we will talk brexit. ♪ francine: selling sterling. continuing to punish japan. a asian markets rebound along with commodities. breaks theancellor three-day in silence and says stay calm but expected volatility. david cameron speaks at later today. and, what is legal, what is possible, and what is desirable. can merkel hold the center and

that's something that spain doesn't understand. to spain we're all english. we are not english. they call the union jack the english flag. it's not the english flag, it's the flag of great britain. >> gibraltar has long been a bone of contention: spain wants it back. but having both britain and spain in the eu has served to reduce tensions between the two countries. still, vallejo is an eu skeptic through and through. tito: brussels saying that now that we are brother nations we should not have any borders. that's where the danger lies, because spain will see that as gibraltar being handed over to them. us being dissolved. absorbed into andalusia. to me, that is what i fear most. >> but that opinion is prey much the exception here. the majority of the 33,000 residents are worried about a possible brexit. and there's an active anti-brexit campaign underway. they believe the votes from gibraltar could tip the scales in the referendum. the campaign is focusing on economic arguments to try to win over the last remaining skeptics. gemma: i work in the construction sector. i work in c

talking about spain getting back to what happened over the weekend. case of deja vu last night after a second general election in six months failed to yield an outright winner. the popular party once again received the most votes but fell short of an overall majority. the socialist came in second place with far left coalition ending the night in third. now, the acting prime minister declared his party's right to govern following the results. >> translator: we've won the elections and we'll claim the right to govern because we've won these elections. we need to be useful for all spaniards for those that voted for us and those that didn't. >> we're joined by an economist at cunef. good to have you with us this morning. what do you make of the result over the weekend and do you think they'll be able to have a government in place within a month? >> good morning, everybody. yes, i think there will be a new government from the popular par party. they won the election with over 14 seats in december. the weekend has been hard. the polls were wrong were saying

another crucial election, this one in spain. we will have the latest from the dreaded. >> mark cuban weighs in on brexit. >> let's get a check on the headlines. mark: secretary say john kerry is going to london for talks about the future of the european union. kerry spoke to reporters. kerry:

spain is out. [indiscernible] now we have this result today in spain. but there is still the question of the eurozone. how will you overcome the problems that you have on the periphery, mr. brok? when you have countries like greece, spain, portugal, which are practically bankrupt, and the poorer countries are telling them they simply need more austerity, that does not fly well. you get a brain drain from those companies. the young and smart people moved to germany, england, looking for jobs. need to have a more federal government or else it's not going to work out. isn't that the case? mr. brok: first of all, portugal is not bankrupt. [indiscernible] it is going on the growth rate -- matt: well, more than 30% today. mr. brok: the problem is greece some portionhave of the united states which is also bankrupt. greece is the problem. greece needs immediate structural reforms. it's not just austerity. it structural reforms. [indiscernible] that is the question we have to solve in spain. but we do. hello? matt: i'm sorry, yes. think aboutt you how this shoul

that is the same for spain as well. it is good to see more conservative government come in and spain. a bit of stability will be a positive thing for everybody. guy: the italian banks got smashed on friday. so, 2% aims like a good result, but relative to where they are, it seems like banks able to talk about government ejections -- these stocks should be up by a huge amount. it is cheap. it might be a value trap. it is clear there needs to be some kind of capital injection. some kind saee of financial aid for the italian banking sector. let's dig into the credit story. there is definitely got to be a fear that they would not issue equities. walk me through how the market will react to this. nevertheless, i am surprised the reaction is not bigger. >> you know, this underlying volatility will keep the lid on most anything at the moment. we have not seen the italian banks from the credit perspective in a long time. these moves in incremental steps, but there are still structural problems in the banking sector, which is so

we are not sure if spain is ungovernable. mentioned earlier in the conversation that perhaps the vote could be seen as a canary in the coal mine. where would you expect to see that contagion next if the u.k. votes to leave? mark: that's a good question. if the u.k. were to vote to leave, he would see it not only in the stirring -- in the sterling, i'm thinking about poland, the czech republic and hungary and slovakia as well. when the berlin wall fell and communism ended, these companies hurried to join the eu. now they don't like it so much ,nd if the u.k. were to leave this might scare on others, other anti-eu forces. exposed because the euro is protected by germany and france. alix: are you watching credit default swaps? what is your trigger? but: i watch the currency, the way investors behave is reducing exposure to the fixed income market. typically foreigners invest in fixed income while americans invest in fixed equities. alix: thank you very much. scarlet: we are going to stay with the theme of euro skepticism and tal

is there sympathy there in spain for the decision taken by the british people? have there been rumblings in spain as well as there have been in other european countries to go down a similar road at some point in the future?? >> well, you have to rememember that here inin spain there are euro skeptic no partrties. there are voices fromom comommu parties w whether the austerity measurures have goneoo far, and they've been more sympathetic to most to o saying brexit i is symptom, not the problblem. but broadly, spanish politicians take theheiew that david cameron was very irresponsible in holding this referendumum and that it's's op up a can much worms f for the u.u.k. andnd the rest of europe today they're holding parallels -- drawing parallels with the referendums in castile and catalonia, regions that w would like to break away from the rest of spavenlt today they've been sayining, for instance, th incumbent t prime minister and ththe associatist prime ministe are saying think hard because this is what referendums potentially do. on the other side we've seseen t

james' remains happened when muslim moors controlled most of spain. the whole phenomenon of the camino helped fuel the european passion to retake spain and push the moors back into africa. but by about 1500, with the dawn of the renaissance and the reformation, interest in the camino died almost completely. then, in the 1960s, a handful of priests re-established the tradition. the route has since enjoyed a huge resurgence, with 100,000 pilgrims trekking the santiago each year. - [voiceover] this program is made possible in part by historic marion, virginia, home of the wayne henderson school of appalachian arts, celebrating 20 years as a certified virginia main street community. the ellis family foundation. general francis marion hotel. the historic general francis marion hotel and black rooster restaurant and lounge, providing luxurious accommodations and casual fine dining. the bank of marion. your vision, your community, your bank. emory and henry college. since 1836, solving problems through creative and collaborative results-based education. wbrf

that's something that spain doesn't understand. to spain we're all english. we are not english. they call the union jack the english flag. it's not the english flag, it's the flag of great britain. >> gibraltar has long been a bone of contention: spain wants it back. but having both britain and spain in the eu has served to reduce tensions between the two countries. still, vallejo is an eu skeptic througugh and through. tito: brussels saying that now at we are e brother nations we should not have any borders. that's where the danger lies, because spain will see that as gibraltar being handed over to them. us being dissolved. absorbed into andalusia. to me, that is what i fear most. >> but that opinion is prey much the exception here. the majority of the 33,000 residents are worried about a possible brexit. and there's an active anti-brexit campaign underway. they believe the votes from gibraltar could tip the scales in the referendum. the campaign is focusing on economic arguments to try to win over the last remaining skeptics. gemma: i work in the construction sector. i work in

a spain team in search of a consecutive title. spain's when means that they are in a good position after one round of play. they are on point and on goal with croatia. all four teams will be back in action on friday. you are watching dw news. coming up, the t tn that mosost once to leave the eu and the town that most want to stay in. our brexit expert has a report on the extreme ends of the debate. we certainly want you to stay with us. when we come back, i will be here with kristof who will have the business news. brent: welcome back. you are with dw news live from berlin. while americans remember the 40 five people killed in the orlando massacre, president obama has called for tighter gun control. donald trump has repeated his call for a temporary ban on muslims entering the u.s. please stay -- that's the message germany wants to stay -- wants to send to the people of written according to a new poll. it found 79% of germans hope britain does not leave the european union. in 10 days time, u.k. citizens will go to the polls to dec

james' remains happened when muslim moors controlled most of spain. the whole phenomenon of the camino helped fuel the european passion to retake spain and push the moors back into africa. but by about 1500, with the dawn of the renaissance and the reformation, interest in the camino died almost completely. then, in the 1960s, a handful of priests re-established the tradition. the route has since enjoyed a huge resurgence, with 100,000 pilgrims trekking the santiago each year.

james' remains happened when muslim moors controlled most of spain. the whole phenomenon of the camino helped fuel the european passion to retake spain and push the moors back into africa. but by about 1500, with the dawn of the renaissance and the reformation, interest in the camino died almost completely. then, in the 1960s, a handful of priests re-established the tradition. the route has since enjoyed a huge resurgence, with 100,000 pilgrims trekking the santiago each year. ♪ >> memphis, tennessee. it has been written, if music were religion, then memphis would are jerusalem and sun studio its most sacred shrine. and you are here. with patrick sweany. ♪ got miles to drive before i see ♪ ♪ three people in a rumbled suit ♪ >> i'm patrick sweany. i'm a singer, guitar writer, currently residing in nashville, tennessee. i'm joined by my awesome, awesome band, dillon napier on the drums and seth on the guitar and jason harrison on the bass.

another crucial election, this one in spain. we will have the latest from the dreaded. >> mark cuban weighs in on brexit. >> let's get a check on the headlines. mark: secretary say john kerry is going to london for talks about the future of the european union. kerry spoke to reporters. kerry: the most important thing is that all of us as leaders work together to provide as much continuity and stability as we can for the marketplace to understand that there are ways to minimize disruption. there are ways to smartly move ahead. to protect the values and interests that we share. mark: he's expected to the white house's message that the special relationship between united states and the united kingdom will not change. an israeli official said prime minister benjamin netanyahu will make the announcement tomorrow. it will clear the way for israel to sell natural gas to turkey. presumptive democratic nominee hillary clinton marched in the gay pride parade in new york city. the celebration started on a somber note with a moment of silen

this is the yield differential between spain and germany today. it has come back from the levels we saw on friday. the levels we had not seen since 2014. that is because we had a surprising election result, the people's party got more of the vote than expected. it could be there is a government that will be put in place in a month, that's what he helps. the spread between the two following a less than inconclusive results than was expected is narrowing the spread between the 10 year in spain in the tenure in germany. at the low of the day during a parliament recession. with julie, markets hyman. julie: stocks are near the lows of the session on day two of the u.k. vote. the s&p in the dow having the biggest back-to-back decline going back to august and the selloff we experienced. volume is up as well, 60% higher than the 20 day average for the s&p 500, specifically as this falls below 2000. we have a divergence as well between defensive encyclical groups today. take a look at the bloomberg. we now have both utilities and telecom stocks in the gree

the voters in spain said we will take what we have. we don't want the chaos that resulted from the brexit. that was a leading indicator, if anything. vonnie: would it be fair to say that pricing changed to after the murder of mp jo cox? that before markets were pricing in at more of a chance -- they were closer to the levels they are now? actually, markets started turning before that awful event. you could see the markets long-term,t over the if you look at one-year volatility compared to the one-month volatility -- the one-year volatility in the pound was so much lower than the one-month volatility. that suggests there was an expectation that when the referendum was over it would be back to normal. that was consistent in the week before. there were other measures in the debt market, the equity market, that confirmed that. awful and tragic as her death was, and it clearly had an it certainly stopped people from campaigning for a day or two -- the markets were anticipating the remain side to prevail. vonnie: what does this tell us about

caroline: what is the sentiment like in spain at the moment? does spain want to stay? is spain looking forward to this economic growth? >> well, a see a lot of looking. the last parliament, we had mp's from of the completely new parties. there is really a demand for change in spain. and i think there is now some parties that actually represent this new demand for change. big ambition to change things. we also have less constraints internally, love compromises, and more freedom to implement those reforms we want to do. i'm actually optimistic that there is room to do great things. we just need to be able to leave behind short-term political needs and blind short term politics and look together at the long-term. i think there is not other alternative, other than sitting down at a table and discussing among the three big parties to push forward some big reforms that the majority of spaniards support. guy: final question. , is he having aaghi good effect on spain right now? >> it has been obviously, positive to control the spreads. we would have had to spend lots of money

voters surprised holsters in spain. the caretaker prime minister consolidated his position. his evils party had been expected in parliament. instead, it pick that more, since jesting voters are voting not to jeopardize spain's economy. hillary clinton and elizabeth warned the campaign trail today, talking to some orders in cincinnati, ohio. the massachusetts senator called mrs. clinton a fighter who has never backed down. she offered a harsh critique of donald trump and warned that trump will crush you into the third to get what he wants. a singapore airlines jet caught fire while landing in singapore today. the plane was returning after averting a light to italy after an engine warning messages. all the passengers and crew on board were evacuated safely. dayal news 24 hours a howard by more than 2600 journalists and analysts in more than 100 20 countries. i'm mark crumpton. back to you. matt: "what'd you miss?" in the wake of thursday passed exit vote, politicians and pundits are trying to figure out what caused the rich public to reject the european union membership. our n

last night, croatia beat spain 2-1. that match was also a musical vigil of sorts b by the paris philharmonic orchestra. the philharmonic provided a musical interpretation to go along with the game. will hilderbrandt has more. will: there may not be a more unlikely marriage than orchestra and football, but the philharmonic interpreted the match between croatia and spain. ♪ champs, there the commentators, and so far, the hooligans. edge chose forhe things to match the gameplay, plus music elements unique to either team. there is a two minute or three-minute time delay. i had an ear. football expert giving the occasion, whether there will be a goal, spain or croatia are dominating, and we have to translate that into music. works well with seemingly disparate things such as action movies -- why doesn't work well with other things, too? in the audience were skeptical before eventually being won over. >> i was worried i would not be able to concentrate or follow the match because of the music, but in fact it made it a bit m

a company in spain has created this blue wine. it's a blend of red and wine grapes produced in spain. it's about $11 a bowl. so far it is a big hit there. but would wine lovers here drink act blue wine. >> i'm not so sure any of my friends would drink a blue wine. red wine teach enough. i don't think blue would be coming i would lien towards. >> i would try it. >> we are going to have to wait try out the blue wine. no word on when it's making its way here to the u.s. but what we do have are pink wines, the rosea's, they're trending this summer. >> fresh, light, easy to drink. >> reporter: he owns serena's wine bar on the upper east side. >> how much of the rosa do you sell every week? >> ten cases. >> the red wine, probably close to five. >> reporter: it's double. >> right. >> reporter: not only is rosa delicious by itself. it's a popular ingredient in cocktails and san agreea. >> i got great feedback about it. >> repte great glass of wine, on a hot summer night like this, cool and fresh is just the trick. salute. that's delicious

a brexit would isolate the territory, which spain ceded to britain in -- britain. the u.k. economy is very much in focus for obvious reasons. we have actually seen unemployment in britain falling to the lowest level since 2005.figures put the 5%, down fromas last month's reading of 5.1%. that wages rose by 2.3%, stronger than expected. essentially, british workers are earning more. let's bring you up-to-date with other stories we have been watching for you. shares in another clothing retailer did well during wednesday's training -- trading. this is as profits rise in the first three months of the year. zara performed very well. sales of the company stores rose by 12%, well above expectations. areva hasear company outlined a restructuring plan to turn the troubled basis -- business around. off to a state owned utility. separated fuel treatment into a separate entity. a french company would hold two thirds o 06/15/16 06/15/16 [captioning made possible by democracy now!] amy: from pacifica, this is democracy now! >> where does t this stop? , one of thekiller san bernardino kil

if portugal, spain? having slightly better times? nick: there is a race this year between europe and the u.s. for the first time in many years, it could be that europe outgrows the u.s. how remarkable is that? it will come down to a couple of tenths of 1%. you have great countries that are driving that, certainly spain. and when you look at what is going on in spain, very impressive economic recovery. italy is a little lower. but it is moving, moving out of recession from low growth, and you have some growth there now. so the underlying dynamic for those favorable growth. manus: nick, i have a little bit of a chart. these are central banks have made and missed targets, inflation target feared a huge number are missing by nearly 7/10 of 1%. thinking about policy response here, rbn and ultimately lower for much, much longer in terms of rates in europe, and in the u.s., setting brexit aside. if we wake up and decide to stay, how busy for banks get up there in terms of the inflation target? nick: and just got a lot more difficult for cen

which of those people can get together a former government in spain? we've been without a government for a long time. how do you see it shaking out? david: that is the big question. likely thatoes look the results aren't going to change much. think mariano rajoy is probably going to remain the number one party and therefore in the strongest position. i think the others will be much more willing to deal with them despite the fact that they've stepped up their rhetoric. i think they will be more willing to deal with them this time around. some of the other parties may be prepared to stand aside and let some sort of government take office eventually. the party has been the main critic of mariano rajoy's administration of what they say is corruption. would they really be willing to deal with a government that they see having so much to do with bribery and politicians on the take and so much inefficiency? david: i think everything is pretty much back on the table. they have said in the past that they are not keen on dealing rajoyhe pp and personally. 's poi

we're cut off from spain, so i once worked with some people from spain, and they kept cutting up and snickering at me. what they told me was, "okay, you can knock it off with the don quixote, uh, phraseology." it's the equivalent of me today talking and saying, "top of the morning to you, sir." >> anthony: really? >> david: and they were like, uh, "stop making fun of us." and i said, "you know what? i'm not making fun of you. that's the way we speak." you know, when we go to see grandpa, that's all he knows is 500-year-ago spanish. maybe if we're lucky enough, we'll have, uh, grandpa play his harmonica the way he used to on the cattle drives. ♪ >> anthony: but i have a plan here on this meat. >> david: all right, the meat is yours. >> anthony: all right, good. ♪ just call me cookie. some cubed local beef, glowing hot coals, cast-iron pan -- that's a puree of green chilies here? >> david: yes. >> anthony: beautiful. yeah, i'm going to throw those chilies in a little bit. >> david: ah. >> anthony: stew it for a few minutes and we'll be good. i just need a few splashes of, like, an

i could pick up a little here and there, in italy, in france, in spain, you know, but, boy, chinese is, like--and--b-because the inflections are different, too, so you can't even pick up the context. dead, dead. [man speaking foreign language] callebs: so it has developed into an exercise in trust. ezrin: that should be long enough. what they do naturally is really fascinating and brilliant and beautiful.

taylor: voters in spain are selecting a government. the acting prime minister is likely to win the most seats. polls show that no single party will win a majority. the next government will have to cope with 20% unemployment and the second biggest budget deficit. a new poll shows that support for donald trump has plunged. the poll has trumped trailing hillary clinton 51-39. last month, the same organization had him leading 46-44. roughly two people of every four surveyed say that he is not prepared to be president. is clearing the way to sell natural gas to turkey. global news 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus around the world. i am taylor riggs. this is bloomberg. david? is a much she has been called a contrary and, above the title. coming up next, we're joined on bloomberg . ♪ david: this is a special edition of bloomberg . i david westin. joining us on the phone is gonzali. you were on on wednesday talking risk and volatility. facing bothe we are at the same time. >> sure. volatil

it would have been very disruptive had we had a bigger move on spain today. back at this up kind of peaks spread we have seen in the last month or so. so far i think the ecb has done a reasonable job of containing a very difficult 24 hours. next from- what is the bank of england? rate cuts or rate hikes? michael: i think when the dust settles it will be relatively clear with the bank of england should do. there are two views of what the bank should do. you can be worried about the import price effects of the sterling falling, and you should be worried about the growth. we think they should be more worried about the growth affects and will probably cut the effects of the year down to zero. two.arget is the issue for the bank is going to be supporting the economy. we would say there is a good chance of coverage to zero by the end of the year. a 500 million body block for trading. has her outlook changed now because it's going to have to renegotiate some of those? michael: there are two things going on. short-term, we will take a hit on growth. no one really dis

engulfs the u.k., spain plays it safe and its general election. -- in its general election. we will have the latest from madrid.

that's one of the countries we've seen opinion polls that are almost split for portugal, spain, holland mentioned in the same breath. i want to offset this a little bit. all of those countries are part of the single currency. britain is not. they're a huge economic consequences for britain for voting to leave. but it probably is manageable to some extent. for many of the southern european euro countries, for them to vote to leave could be economically crippling. we just have to look at greece who are accepting hugely draconian standards imposed on them by creditors. because they know there could be massive, massive consequences. i just wonder, we're in the eye of the storm today, as the decision has been announced. does it blow over a little bit in the weeks ahead for those sorts of countries? therefore, for me to really focus on what to worry about going forward would be the countries like germany and france. if you saw movements from them to leave, that would be hugely worrying for the european union. for the smaller countries i wonder if it might blow over a little bit. france and ge

they are the seventh-biggestst corporatitionn spain. they have out-competed all kinds of capitalist enterprises. by the way, just to give you anan idea that might surprise you, mondragon has partners, people--enterprises in other countries that admire what they do in certain areas and partner with them. they have labs to develop new techniques. i'll give you the name of two partners you'll recognize: general motors and microsoft. they could help each other. microsoft gets some of the technological stuff t that mondragon is ahead, and mondragon gets from microsoft. might surprprise you. so they're ququite able. they're quitite confident they can compete. given half a chance, they can compete. arizmendi bakeries are doing finee in san francisco, ,d so is the yellow cab company, and so are many, many others. in amherst, massachusetts-- because i taught most of my adult life as a professor at the university of massachusetts-- there's a little copy shop that was seet up 2525 years ago calld collective copies--hint--and they are a worker co-o

eu hasn't been great for spain and i think been bad for spain but brexit is about sovereignty. the right of the british people to make their own decisions, to make their own free trade deals, to decide their own laws. it's about supremacy of british courts and it is about taking back control. and i think that the same values that the american people hold so dear, the principles of freedom, liberty, economic freedom, these are the exactly same ideals that the british people hold dear as well. i think that americans should welcome brexit as something that is a tremendous opportunity, actually, for america and for britain. >> and so, nicholas, why wouldn't, say, a president obama visit whoever your next prime minister is going to be after david cameron shockingly stepped down this morning and actually crop up a nice bilateral trade deal between the two nations? it's not as though the uk isn't the fifth largest economy in the world. a global power. how could that have all just evaporated? >> i think going back to the spanish economy and unemployment. when your friends are in troubl

you gave a pretty shocked face when he talked about spain. why do you think that prediction could be so off the mark? >> well, because we know across europe that there is this rise of nationalism and that there are lots of countries with sort of an independence movement and there are lots of countries that have real anger towards what's going on in europe which, let's be honest, economic stagnation and an immigration crisis. they have nearly a million refugees pouring in from the north of africa. europe is in a tough spot and there are lots of domestic forces throughout europe that are very nationalistic right now and pretty sick of getting told what to do by brussels. but to actually talk about poor countries in europe like germany and spain voting to leave does sound to me extremely far-fetched. but you are actually seeing some traders make some bets on those kinds of things. you see that turning up in particular in the debt markets. you see those bets being placed in the treasuries of countries like germany and spain. >> olivia sterns, tha

spain is the potential dark horse. think france and spain, it will be between one of those two teams. there are potential dark courses. england, a lot of pace and power up front. o could inspire portugal. it will be fun, a lot of twists and turns. >> the israeli military says the west bank will be closed until the end of the jewish holiday due to concerns. it follows a palestinian shooting attack that left four people dead in tel aviv. the united nations top human rights officials has reacted, saying it may amount to collective punishment. claimednt group has responsibility for a car bombing attack that killed 11 people. tuesday's blast was just the beginning of a war. online warnedsted turkey was no longer safe. freedom falcons is considered an offshoot of the pkk and has carried out attacks in the past. moving to the united states, a good week for hillary clinton after becoming the first woman to top the presidential ticket for a major u.s. party. she has been endorsed by the man she is trying to replace. clintonbama

spain goes to the poll on monday. could brexit have an effect there? we get the analysis, next. ♪ francine: welcome back. it is a busy week ahead. this is a week after brexit. on sunday, spain hold a general election as a tries to unlock its month-long political deadlock. day meeting with eu leaders meeting on brexit kicks off on tuesday. i think it is safe to say that will be a big focus for the week ahead. francine: given the underlying tone of the current standoff between the eu and the u.k. -- jonathan: it's interesting how they are trying to keep the tone relaxed and measured. but they are struggling. and over the weekend, i can really feel it starting to brew now. francine: the eu will probably ratcheted up. erik, we were talking about the banks, talking about the storm this brexit vote engendered on friday. what needs to happen for the eu to stay together? erik: i don't think there is a big risk it doesn't. there are two things you will see come out of this. they want to see that -- they will see that immigration has been a big issue in this r

italy was up 1 - nothing over spain. adding two in the 90th minute. a huge upset, iceland clips a defeat of england. the game decided right here. with three goals scored in this game came in the first 18 minutes. iceland moves on against france. iceland country of only 330,000. that is an absolutely huge upset. the after pat -- aftermath of the warrior. i'm a little worn out on basketball. they are the only nba team with three olympians on the team for this summer's upcoming games. and harrison barnes, if he does remain a golden state warrior. the expo bid -- exhibition game is july 25 that oracle and here's joe to talk about it. >> there was a guy the warriors were pretty familiar with. i don't know if that is funny or just downright mean. j a mes harden usually does not have a smile on his face. >> you did there. >>> our coverage continues right over and ktvu plus. we've is working on question mark >> a fire sparked the blaze in the santa cruz mountains creating a traffic nightmare on highway 17. will have the latest on the conditions on the busy hi

up 12 points in italy and 16 basis points in spain. back to you. >> thank you, simon. and now we go the courtney reagan for a news update. hey sh hey, court? >> here are is the news update. fire crews in california is battling a fire that has burned 80 homes to the ground and another 1,000 homes are in immediate danger and under evacuation, and powerlines and phone lines are down for 30,000 residents. >>> residents in dallas have been treated for burns after the motivational speaker encouraged them to walk on hot coals. five people were taken to the hospital, and the hot coals were spread outside as part of the seminar "reach the power within." >>> and there are searchers going through the rubble to look for survivors after a tornado hit 500 miles south of beijing. >>> pope francis is landing in armenia to mark the slaughter of armenians that francis himself has called a genocide. that is the cnbc update at this hour. john, back to you. >> all right. thank you, courtney. and now, stocks in the u.s. are continuing to struggle, and former fed chair al alan greenspan join

spain plays it safe. was it the brit

right-wing parties in french and spain both want referendums. of course, and the debt market as well. guy: let's talk about what is happening this morning for the no surprise to the markets really seeking some safety. you are seeing it across the picture this morning. the storyere we think looks for the these major assets absolutely massive that this morning. germany moving into negative territory. are being sold. the u.s. 10 year is certainly very much -- the front end of the european really crossed and getting -- finland, germany, france, netherlands, belgium, some of the biggest moves you can see. remember, these are standard deviations. you really don't ever see these kinds of colors. it is a huge move. the market is looking for safety. platforms are being left to one side. so many big assets including sterling. we will talk to a lot of guests this morning. we try to get you an idea of what is going on. how did the smart money get it so wrong? kramer from s&p will join us later on. he told us that it was an automatic reaction of the smb woul

we have an election in spain this weekend. you have referendum in italy in october f thing goes further off the rails, that's where it's going to happen next. >> so i'm not wrong to look at the falls and think that maybe people are worried about a threat to the euro? >> exactly. that's how you think this would be trans transmitted out and becoming a europe problem and then to a global problem. that would be the path. i think at least in our view we don't expect that to be what happens, however. >> so does that mean 12% decline in italy is a buy or at least a trade? a one day move like that can sometimes -- >> does it seem to be -- force. >> it does seem to be an overreaction us to. i think if you imagine what the perspective might be like in spain, if you were trying to determine how you were going to vote this weekend, if you see what is happening in your own stock market, perhaps that gives you pause f anything, it encourages the vote more on the conservative side, more stable government and government that is more pro e.u.

spain goes to the poll on monday. could brexit have an effect there? ♪ >> this country requires fresh leadership to take it in this direction. >> britain will continue to be a great european power. francine: welcome back. it is a busy week ahead. this is a week after brexit. spain hold a general election -- jonathon: a true date you leaders meeting on brexit kicks off on tuesday. that will be a big focus for the week ahead. given the underlying tone of the current standoff between the eu and u.k. jonathon: it's interesting how they are trying to keep the tone relaxed and measured. i can feel thing starting to brew now. nielsen is still with us. we were talking about the banks, talking about the storm this brexit vote engendered on friday. eric: i don't think there is a there are two things you will see come out of this. that -- theysee will see that immigration has been a big issue in this referendum. we will see crackdowns on immigration in europe. to second thing is they have start to think about -- these willzing be the two key things you want to