the brexit battle bus heads to brussels. european leaders convene to answer the question on everyone's mind. what happens next? >>> markets now european stocks bouncing back. the pound krouling off ilts low and u.s. equity futures are pointing to a higher open on wall street. it's tuesday, june 28, 2016 and you're watching "worldwide exchange" on cnbc. >>> good morning and welcome back. i'm sara eisen live today in london for you just across the river from parliament. >> and i am will frost live in brussels where eu leaders are society to meet. >> some relief across the board, steadying after the storm. u.s. equity futures pointing higher dow futures up 140. nasdaq futures up 30. if it holds this would be the first day of gains for u.s. stocks after the brexit vote that shocked the world. some relief also for treasury yields. yields around 1.46. the british pound getting some relief. down 12 in two days. that's a record amount. now we're seeing about 6/10s of a percent. even that save haven yen is weaker today. let's show yo

jonathan: we are taking you from new york to london to brussels. turmoil rubbed it in u.k. politics after the vote to leave the eu. eight cabinet members have resigned as revolt against jeremy corbyn. to brusselsd live to figure out what is next. what company -- countries will stand to benefit? we look at which asset classes are poised for the biggest swings monday morning. this is special coverage from london and new york. this is bloomberg tv and bluebird radio. let's get some news. tojohn kerry is going brussels for talks on the uk's exit from the european union. he spoke in rome with the italian foreign minister. the most important thing is all of us as leaders work together to provide as much continuity and is much stability, as much certainty as possible in order to the marketplace to understand there are ways to minimize disruption and ways to smartly move ahead and order to protect the values and interests we share in common. emphasizeretary will support for the eu. he will keep the message from the white house that the special relationship between the united states

nicole: live repororts from lonn and brussels. the british exit he is not the only thing getting attention in london. time for wimbledon. pulled off a big upset. i have bad and improbable story. u.s. stock market futures after losing 870 points. dow futures up on 97. you are watching "fbn:am," your first look at morning markets and breaking news. >> 5:15 a.m. in new york. outgoing british prime minister cameron is in brussels today for a meeting of european union leaders. it is his first meeting with dancing the united kingdom go to lead the e.u. encampments announced that he will resign. donald trump will give a speech on trade today at a factory near pittsburgh that provides scrap metal for the aluminum industry. trump speech is titled declaring american economic independence. hillary clinton and elizabeth elizabeth warren campaigned together in cincinnati yesterday and took turns criticizing donald trump. most european stocks have been taking a beating since last week's u.k. vote to leave the e.u. they also went sharply higher

francesca: it's a very strange time to be in brussels. i think everyone is hoping for a positive outcome. everybody is really hoping that the british public votes for remain, but there is a very unsettling edge knowing that leave could happen. >> she worries about future red tape on the european job market if she looses the privileges of eu citizenship. so for her, it's clear where this part of the puzzle belongs: in the eu. georg: in? francesca:yes, definitely. >> a good bit of irish dancing here to get me back in touch with my irish roots. london has one of the largest irish communities in the world. this referendum is not only about england leaving the european union, it is about the whole of the u.k. leaving. that includes ireland. now, when my grandfather left belfast, the region was a warzone. and i can remember myself the bombings here in england as part of that conflict. today, though, northern ireland is more peaceful than it's been for years. and some say that's partly thanks to the eu. but there are very real fears could be und

bbc news, brussels. laura: we go live to brussels to speak with the bbc's rob adkins. you have been seeing a parade of officials. what have they been saying? rob: you're right. there is a huge pop up. delegations go one way or the other. i have just come out of a press conference with the prime minister of the netherlands and the head of the european council, and jean-claude juncker , the head of the european commission. junker respects the decision and understands that prime minister cameron is asking for new time -- more time to hand over to a new prime minister. the next prime minister of the netherlands, i caught a couple of sentences. he said one that really struck me. he said the exit is a -- he said brexit is a fact. they want this to happen soon. they never wanted it in the first place, but now that the u.k. has asked for it they want to get on with it. david cameron in the last few minutes has said that there is no turning back on this process. no turning back on europe either. he says the dinner with the other leaders was one with sadness and regret. that the

reporter: back from brussels, back in the hotseat. >> questions to the prime minister. reporter: david cameron faced parliament over negotiating britain's exit from the european union. you, mr. speaker. the tone of the meeting was one of sadness and regret. reporter: though european leaders have insisted no brexit can beginny kind until britain has formally triggered article 50, cameron a differents with impression. >> they have said no negotiation without notification but i don't that excludes discussions that a new prime minister can have with partners or the institutions. thehe referendum has left u.k. divided along various fault lines, from age, class and location. dublin has signaled it is ready to fight to remain in the e.u. but cameron is urging unity, saying the best possible deal for the u.k. will be the best scotland.eal for >> keeping the united kingdom together is of paramount ouronal interest for country. reporter: that may be easier said than done. is divided, as well. cameron is frank on resigning and says he'll stay out of the conservative echoedhip race

derek: what is brussels? british politicians are going to brussels to make decisions, or telling the european commission we would like you to come up with a r rule onn vegetables, wh they then mock in london, saying there are these crazy rules about vegetables, which london and other capitals demanded. so britain is projectcting -- there is self-loathing at play here, and such irratioionality that somehow we will be somebody again, that we can make britain great again, like donald trump says,, make america great again, by cutting off the nose to spite the face. and then they will listen to us, when we have no nose left. press years, the murdoch has been attacking the bbc and attacking europe, and if you have been raised in this environment, everybody who is pro-europe or pro-eu is on the back foot, and they have been for the last 30 years. you are constantly defending why this i is a good thing, as oppod to in germany, where it is the other way around, and rupert murdoch is now going to have his day. this is

sarah: how is brussels preparing for this result? what are you going to seek the next day if we were to have a vote in favor of the brexit? max: we have three stages. stage one is a lot of press conferences making sure to get the message across that the eu has the situation under control. stage two is wait for the official notification because the referendum is not an official notification. the british government would have to write the letter. after that come all the legal and political mechanisms kick into motion. article 50 of the lisbon treaty. there will be room for political interpretation -- how exactly they want to lead the negotiation with the united kingdom. sarah: perhaps the moral of the story is it is not over until it is over. thank you. meantime, the future of prejudice or david cameron is also very much on the line in this referendum. he wants to stay in the eu. he appealed to members of fans with the churchill. but like churchill, cameron may find himself kicked out of office if this boat does not go his way. -- vote

this is eerily reminiscent of what happened in brussels. the killer was brought to the airport by the cab driver. that cab driver alerted authorities. in this murderous attack, we are hearing about the cab driver brought in, questioned and released. do we know anything more about this cab driver and what role was played? >> reporter: so much of this is, as you rightly put it, eerily reminiscent of brussels, including that attempt to scuff out any crumb trail that could lead authorities to that broader network and the fact that they have released the cab driver after initially questioning him lends credence to this working assumption that this saxtaxi driver, similarly to brussels, was someone who was used to drop them off so a link couldn't be established to their support network. they used a strap junger, a dri from the street and authorities released him. if this played out in any way like brussels played out, they will be looking for the small details. what did you see when you picked them up? who did you see when you picked them up? whe

>> that's the message from brussels. legally of course the next british prime minister is under no obligation to carry through on this referendum. technically speaking anything is possible and there is a lot of talk about how can britain possibly get out of this? as far as eu leaders are concerned the message last night was, you are gone. mark: let's say a pro-eu candidate won. articleht not invoke 50. >> it's also difficult to see how you would get a leader in place who would advocate that position. you would essentially be asking mps to go to their constituents and say, we know you voted to leave but we are going to campaign on a policy of remain. you would be opening up a huge opportunity for the u.k. independence party to do very well. both parties are in a tricky place here. the party that could benefit from this -- one party that could very happily and consistently campaigned on a platform of remain is a liberal democrats -- the liberal democrats. nobody is really talking about winning a majority but they could do

he is in brussels at the brussels economic forum. >> it is a pleasure to talk to you. let me ask you about the stormy weather we're looking at here in europe. with two weeks to go until the referendum in the u.k. and with the immigration problems that continue to mount and with the negative interest rate policy and expanded qe, do you think this is the most difficult time for europe since the greek crisis? click certainly we face a number of challenges economically speaking. we can see the economy is continuing to recover and we are discussing what needs to be done to strengthen the recovery but of course a number of challenges are facing us. of course we hope for a positive outcome. frommuch more positive economic and a political point of view if the u.k. stays in the eu. it's quite a challenging environment. >> everyone hoping that britain stays in the eu, at least here in brussels but it looks like from the polls that there is a one in four or one and three chance that they exit. don't you have to have a >> the european commission has made the conclusionsnd the are

or there in brussels? ryan: good morning. i would say they are anxious, but they are not showing it. i think the real move is that they are hoping that a brexit, or the threat of a brexit, will just blow over. the main event here in brussels yesterday was mario draghi's appearance at hearing before members of parliament. he was asked about brexit, in fact the very first question. he said that the ecb is doing everything it can to prepare for all contingencies. and that is about it. have a listen. mario: we are trying to be ready to cope with all possibility of contingencies. at this point, it will be very, very difficult to be more precise than that. that we have done all of the preparations that are necessary now. ryan: in the past, mario draghi has said it is the ecb's preference for britain to remain in the european union. he has said that he brings it will be a downside risk. but yesterday was not going anywhere near that, simply saying that we are preparing for everything. we do not have a plan in place do have we extens

david cameron has to brussels to see his european rivals. --l the speedup negotiations will he speed up negotiations?

they all convene in brussels. ryan chilcote is in brussels. it is a difficult day for the eu who will face leaders after the vote for the first time. ryan: it will be very awkward. the u.k. called the eu and said, we intend to move out of the house and file for divorce. what is going to happen this evening is the two parties are going to get together over dinner and discuss what that is going to look like in the future. you know the british prime minister is not going to be able to save whole lot about the specifics because he has made it very clear he is going to leave that to the next prime minister. and we do not know who that will be or when they will be in office. on the eu side, they have been clear they are not going to enter into any negotiations so this is just going to be an airing of use. francine: you talked to willie walsh about brexit. ryan: yes, i did. i believe we have an excerpt from that interview. stageis unknown at this whether the pound will stabilize against the dollar but on friday we believed it would take a significant

attack viciously similar to march's attack in brussels. live in istanbul, laura are a, what's the latest? >> well, the istanbul governor has said there were three suicide bombers and that resonates with the other accounts we heard that there were three blasts. there was one in the parking lot outside the international terminal. this is a stand alone build from the domestic terminal so foreigners and foreign nationals were definitely those that were targeted, it seems. also one at the entrance of the international terminal as well as the entrance of both the departure and the arrival. and if you look at videos, you can see what is alleged to be some of this closed circuit television footage of the detonation, the suicide bomb detonation. if we look and analyze the attacks that have happened in its -- istanbul the past year one claiming 300 lives at this point. isis being the main culprit this is the mode dison ronde of isis using suicide vest. there is rumor one of these aattackers is a foreign national that also is something that has happe

guy: thank you, gentlemen. , we are live in brussels. -- next, we are live in brussels. mario draghi is still speaking at the event. let's quickly listen to what he is saying. >> let me conclude. there are many understandable political reasons to delay structural reforms, but there are a few good economic ones. because delay is simply too high. given the interactions between policies that i have described, is in everyone's interest that they buttress each other, if only because that would shorten the time it takes for each to produce its effects. and that would mean that we can bring growth back to potential before potential itself becomes damaged. accelerate the realization -- ♪ guy: welcome back. 43 minutes into the equity market session here in europe and we have been listening to mario draghi, who has been putting the pressure back on european politicians -- his desires structural reform and there is no reason not to do it. let's get the bloomberg business flash. >> thanks. shares in dong energy are trading higher after one of the biggest public offerings this year

why do i have to listen to brussels? why do i have to -- >> well, it is my view that actu i mean it is my view that if you look at analysis, the best way i think of it, i belong to a golf club. other thanly way to play at my golf club is to pay. if you take the norwegian model that others have suggested, basically you still have to pay. you still have to take free movement of peoples. and you don't get to decide what the rules are. and so it is very hard to he see why you would want to be outside of this huge trading nation where companies like morgan stanley this morning said basically, if this happens, we're going to leave. ford wrote to it is employees this week. trish: they're not going to leave. >> i heard them say. trish: because all part of doomsday rhetoric. >> when we were going into nafta -- trish: peter, final word. then got to go. >> when we were going into nafta the automobile companies were terrified because they would have rearrange their investment because it was structured for mexican protection. whateve

we'll be live in brussels later in the show. here in the uk, domestic politics are in turmoil. finance minister is warning fresh spending cuts and taxes and labor set to hold a vote of no confidence in their leader jeremy corbyn. and despite upheavals, european stocks are getting a bit of a reprieve after steep losses since the referendum. indices are all higher quite significantly. well over 2% would you believe. stay tuned for updates on that, as well. one european leader who believes the brexit could be a great opportunity for europe is matia lindsay. christiane amanpour is about to speak with the italian prime minister. >> and there is a meeting like no other. prime minister david cameron will meet all his other 27 heads of government to try to explain what happened here in britain on thursday and to try to figure out the least painful way forward. so we are joined by the italian prime minister who is already in brussels and awaiting this meeting with all his other heads of government. prime minister, welcome to the program. >> good morning. thank you so much for the invita

we go to ryan chilcote standing by in brussels. what is secretary kerry looking to accomplish with emergency talks he is entering into? look, what i think he wants to accomplish is to send a message by visiting the european union, by visiting the top diplomats and brussels for the eu and going to london. the u.s. loves both of them and is here to support the both of them as they go through the separation process. secretary kerry is kind of coming as a divorce counselor, but not a disinterested one. do not forget, the u.s. has a lot at stake here, and an awful lot on the line. with what iseals the biggest disruption in geopolitics in europe in decades. a sense, ryan, of what is at stake here for the united states. therewell, first of all, is the issue of security. the united states is very concerned about russia. the last thing the u.s. wants on the security front is a divided europe that they think r putin could take advantage of. the u.s. and the european union together represent 64% of global gdp, and that's a lot. u.s.ast three

the sentiment is even more anti-being bossed by brussels in places like france? >> we'll find out in due course but i think there is another important point to make here, the fate of the british economy is in british hands. they don't have high energy prices because of eu but because of their own renewable fuel mandates. they have high consumption taxes. high housing prices because of monetary policies and house building restrictions. there is awful lot britain itself can do to spur growth. melissa: who was that jumping in here? gillian, was that you? >> point out one thing, with extreme market volatility here is something we've not seen. we've not seen market seize up. we're not seeing some of the problems with the taper tantrum. we've not seen breakdown in trading. that is quite encouraging. on one level we can say thank heavens the regulators prepared for this. thank heaven we had several dress rehearsals past several years for this financial market stress. when most investors are pretty scared and uncertain that is one point we're thankful about as we head ne

ryan chilcote joins us from brussels. like,l, what is the mood panic or calm? mixed. think it is a lot of the brussels bureaucrats share michael's wary and are concerned about the polls, and you can see that shift. at the beginning of the whole campaignferendum u.k. the eu said they were going to stay out of it but over the next -- over the past few weeks we have seen them sending a message that we would like u.k. to remain. if you ask a belgian man or woman on the street what they think about the referendum, most of them are focused on the football game tonight, belgium versus sweden. belgium has to win or at least draw to advance. francine: ryan, very quickly,

kerry is expected to arrive in brussels within the hour. let's bring in cnn international diplomatic editor nic robertson live in the belgian capital. nic? >> yeah, good morning. secretary kerry comes here really as a friend of the european union, as a friend of great britain and somebody who could perhaps mediate between the two. it's not got to the point where mediation is required but you have a position now where the european union is saying to great britain, come on. you've decided to leave the european union. let's start the negotiation and the talks right now. and in britain the message is, hold on. we've got to figure out a political leadership and we won't be ready to make those moves to get out of the european union until later in the year. what secretary kerry says he wants to do here really, this is so important for the united states and the world, n that is stabilize international financial markets. this is what he said. >> the most important thing is that all of us, as leaders, work together to provide as much continuity, as m

francesca: it's a very strange time to be in brussels. i think everyone is hoping for a positive outcome. everybody is really hoping that the british public votes for remain, but there is a very unsettling edge knowing that leave could happen. >> she worries about future red tape on the european job market if she looses the privileges of eu citizenship. so for her, it's clear where this part of the puzzle belongs: in the eu. georg: in? francesca:yes, definitely. >> a good bit of irish dancing here to get me back in touch with my irish roots. london has one of the largest irish communities in the world. this referendum is not only about england leaving the european union, it is about the whole of the u.k. leaving. that includes ireland. now, when my grandfather left belfast, the region was a warzone. and i can remember myself the bombings here in england as part of that conflict. today, though, northern ireland is more peaceful than it's been for years. and some say that's partly thanks to the eu. but there are very real fears could be und

they've done it in brussels. people are gathered en masse and you can see the travelers coming in and out of the airport. certainly, the airports are looking at these as vulnerabilities. both the departures hall and the arrivals hall. now you've got the arrivals hall. yeah, passengers think they've made their way through the departure hall. landed on the other, collected their baggage. this is going to put in the forefront as long as they're in a public spot, we've got this international crowd gathering in a spot that could potentially be targeted you've got to be aware that something like this could happen. we've got to look at what additional measures could be implemented by airports to stop something like this from. happening. >> alex, at this point, no group is claiming responsibility but this attack certainly has all the hallmarks we hear from officials that it was isis? >> reporter: right. you're hearing officials here in turkey and also intelligence officials in the u.s. again, saying these are the haul ma

strasburg, brussels and the two places the eu meet and it was like fat city. these people had expense account up the wazoo. >> sounds like washington d.c. >> well even worse if you can imagine. even worse than washington. three hour lunches and chauffeurs and everything. the people in europe are fed up. not only are they living high on the hog but they are telling everybody else what do. >> you are absolutely right. so i think when you look at france and germany and italy, the populous movements within the countries the elected officials are not empowered to be able to call for the referendum vote. however france has elections -- national elections next year and you can't underestimate these people. we have seen consistently in washington and in brussels when the voter is underestimated then the populous movement does well. i -- saying that we must respect the voter. instead of bureaucrats in brussels looking down and saying aren't these people just racist and they hate immigrants. it is not about that. it is respecting the voter and understanding the they are

i mean paris was six or seven locations. - brussels was multiple locations. - brussels was multiple locations. think about that, the obama legacy is in doubt, obama is excoriated for not doing enough. donald trump is on a roll. - but this is my point, this is the second part of my challenge to you about the middle east not being that important because on the one hand, i actually think the american people care a little bit more than, but i'll stipulate what you're saying. but the second part is-- - i tend to lean on that obama side right now. - but if you don't do anything and then something happens, then you are seen as having not, what couldn't you have done something to prevent this. if you're reactive as opposed to proactive, then everybody gets on you for not having paid sufficient attention. - this is why it's impossible to be president. you've just put your finger on something. no, no, no you put your finger on something because what he knows is, all these republicans, a lot of democratic hawks are saying, get more involved in syria. go take on assad at the same time you're taking on is

. >> bound for brussels. uk minister faces the music as eu leaders rule out formal talks before article 50 is invoked. >>> welcome, everyone. let's take a look at the industry. we are witnessing something of a turn around after three days of very, very heavy selling, but i've got to add, this does look like something especial a lot of uncertainty clouding the political establishment here in the uk and also clouding the road map in terms of article 50 in the way forward. when you look at the negotiations that are in front of the uk, et cetera, a lot of uncertainty. let's take a look at sterling which has been at the pointy end of things. the british currency right now, steady. 143 .49. had i think there's some very interesting price action in the uk bond market. guilts are not collapsing so there still is a safe haven allure to be had in some corners of the british markets. yields are below 1%. you're looking at a record low for-year-old s. >> there is. we went below 0.1% across the board as well. we've been p

also, eu leaders meet in brussels. angela merkel tells brittany sooner you short out your future relations with us, the better. and with outgoing prime minister david cameron kicking the can down the road, lined up to take on his job and the thankless task of divorcing the country from europe. ♪ brent: is good to have you with us. turkey is in mourning tonight. 24 hours after one of the deadliest attacks to hit istanbul in years. it began with gunfire at the international terminal at ataturk airport. that the three assailants detonated their suicide devices. in a few short moments, 41 people were killed and more than 200 injured. >> as they remember their loved ones, friends and relatives mourn the senseless murders. >> i wanted to be known that these acts are a crime against humanity. an attack against all people. reporter: at his symbols -- i stanbul's ataturk airport, the damages being repaired. but the memory is unlikely to paid -- to fade soon. >> first you think you are in a film and that people started running

let's go to brian chilcote in brussels. who is going to lead the european union in negotiating with the u.k.? ryan: i think that is going to be germany. we see germany making those moves. tomorrow the german chancellor is going to host the french president, the italian prime minister and another who represents the eu countries. the member states here in muscles at the european union. she is doing that just one day before they all gather have brussels so she can get them all on the same page. i am not sure the germans want to be the leader of the european union but i think they feel as the largest economy in the group and the one that wants to keep they have to. remember the germans are most interested in the eu as a political club. the french want deeper financial integration, more cooperation, one eu finance minister to issue debt together. these ideas do not go down well in germany and the germany people are concerned it might not go down well in other countries. still beit, there will a countries within the european unio

england hat had to go to brussels to get help and brussels dragged their feet. it's been coming a long time and it's a powerful movement. deirdre: regulation, red tape, bureaucracy, this has been happening for decade. in germany a lot of the workforce is from turkey. it has worked out okay slowly and steadily. but there is a tipping point from a social level that people want to reject, and that's the vote. anthony: where does europe go five years from now. deirdre: look at the countries already asking for their own referendum, france, italy, netherlands, they are saying we should be reconsidering this structure. charles is going every type we want to do something, we have to check in with brussels. and it's very heavy. anthony: charles is less government more? charles: less government typically works well in a free market society. a lot of those european countries, what they really want is the ability to print their own money and come to their own aid. but if they don't adjust decades of socialism-like policies, all they are doing is buying themselves more time.

in brussels they pressed cameron for a swift triggering of article 50. that is the getting of the process of britain leaving the eu. cameron has announced his resignation. you must've been hearing quite a few interesting conversations today. eve: it is a strange atmosphere. at this european council. the 28 heads of state are currently at dinner. that is the moment where prime minister david cameron has been given to talk about the results from the u.k. referendum. his message was trying to press on to the other heads of state the good relations that the u.k. has had as part of the eu. said the u.k.he will leave but he hoped relations would press on. they want to article 50 invoked, that is the withdrawal from the european union. while some countries like germany and the netherlands are saying it is understandable that the u.k. needs couple of weeks to decide exactly how it wants its relations to the eu to be in the future. other countries are less patient. they are saying they've had andgh of british control pandering to the u.k. needs. they want to move

brussels could have done for -- more to prevent this? and perhaps is there a feeling that heads could roll in brussels? >> and people could step down. that's certainly been the talk of the town today. many were very critical of juncker's speech. they say he lacks the vision, charisma, inconspiracyation and know-how that -- inspiration and know-how that europe really eeds right noiment many feel he's linked as well to the establishment, the elites. he was also a -- the man in the room in a lot of those back-room deals done during the greek debt crisis. he's not known to be the most transparent man and he's very disliked in the united kingdom. we saw that when he was voted in back in 2014. that said, we have heard nothing about him thinking of resigning. he and his team will have to t down -- they use the #team juncker when they're with him and traveling around -- thill they'll have to sit down and have a bit of a reflective period and how they have to start listening to european citizens. many people are not even quite sure what the e.u.

things starting to brew in brussels. let's head over there now. ryan chilcote joins us now from brussels. here is a man who used to oversee financial services. talk to me about what this means for potential negotiations. ryan: what it tells you is that period, thesitionperio uk's role in the eu in guiding policy will be in limbo at best. is that of a lame-duck at worst. jonathan hill was not just the commissioner. what does it mean in terms of sensitivity? it was the guy in charge of financial affairs and was pushed out because the eu said i cannot work with you. ryan: that's right. there were members of the european parliament that never liked jonathan hill. someone described it as having a fox guard the hen house to have him in charge of the eu finances. one of the most sensitive issues will be looking to negotiate, what is the role of the u.k. financial services going to be? will they have passport in privileges or are they going to lose out in some ways to frankfurt, to paris as alternative financial centers? a very sensitive post. jonathan hi

in brussels, eu leaders are meeting fire second day without the british prime minister. they're discussing the uk's exit from the european union. we don't know yet how that will happen. david cameron says he won't be the one who takes the next step, but his successor, whoever that may be, will. scottish minister nicholas sturgeon is in scotland to discuss how they may be part of the eu. thousands of anti-brexit demonstrators marched on parliament tuesday after a rally in the square. erin is here. as we look at what's happening on the stock markets right now, surprising i guess, is that the banks are recovering? >> yeah, they're recovering a little bit. remember, these are institutions that lost about a quarter of their market value in some cases on friday and another 15% on monday. >> sort of nickel and dime today really. >> the real concern here is that banking stocks may suffer from here on. what we've seen is the uk credit rating being downgraded a couple of times for the likes of moody's, fitz, the s&p. and the bonds now rated less than it did and we saw evidence of

as what we saw in brussels. we also saw massive explosives in sort of the soft underbelly of the airport. in istanbul we are seeing these suicide vests. what we saw in brussels were these suitcases laden with explosives. and if we can go to this image, we have some video or photos of the tiles on the floor the airport in istanbul. this is a very important element of the investigation. this is exactly what we saw in brussels. and what tells us is that the strength of the bomb was so significant it was able to free the ceiling tiles so there was an impact on the structural integrity of that terminal and then it fell to the ground. there are very few groups in that part of the world that have the technology and the capability to build bombs that strong and to build at least three and that would be isis. so this, again, is another data point that really suggest that it may well have been that terror group, shep. >> so, unless one of the agree three was the builder of the bomb and planner of the mission they may have

the hope is that the turks will be a little built more shoothly than it did in brussels. right now u.s. officials are not leaning towards a responsibility. could it be isis, could it be the pkk. usually they target military targets. right now they see the airport as a strategic location. there has been a lot of frustration on the pargt of u.s. officials about turkey getting have close to understand the isis threat in the country. they have been very preoccupied with their efforts against the pkk. they have slowed down on the job. >> okay, the state department in turkey trying to account for their personnel. let's bring in juliette who is also with me. what is your initial read on the attack? substantively, there will always be soft targets. -- >> juliane, i'm sorry i don't want to be rude, but the audio is bad. tom, right now what are law enforcement officials in turkey doing right now to try to secure the scene and to try to figure out who do. >> dell: this? >> right now they're trying to figure out who the bomber or bombers are. what is their identity? and then go from

they will continue in brussels. we are in both locations. caroline hyde is in berlin. -- isne first to you there a clear sense of urgency from the founders of the eu? caroline: you heard it from the leader, the foreign minister of belgium saying to avoid a crisis, they are pushing this through. they want the opposite of what the u.k. wants, to buy time until october, they want break -- breakneck speed. germany brought together ministers from france and belgium and italy to a beautiful lakeside retreat in the sweltering heat because they demand respect from the u.k. for the other 27 countries. france wants to work quickly to avoid any domino effect. they're concerned about the rise of the right-wing, concerned about the immigration that is causing concern. they are concerned about the lack of jobs in spain and italy for the youth. they are wanting to avoid the crisis the belgium minister spoke of. it really is a balancing act. at the same time, david cameron, who seemingly will be forced to discuss, even informally with , the rest of the eu a

and talking of brussels, julia, you've spent so much time in brussels. i know you're going to get to your nigel farage tape, but you have seen first hand to the decision making process which happened in the center of the eu? >> oh, absolutely, steve. i find it incredibly frustrating. i've spent here time and time again all night wait for decisions to be made and not being made. and dragged out whether decisions over greece and the might migrant crisis going on. there's huge frustration. as you were talking about there, a kind of echo boom effect if they decide to leave the eu, we've got other countries going okay, now, we want a referendum. and i think what steve mentioned, too. very important, we heard from saying more europe here just doesn't fly. to take the point that schaubable was saying how does it about the eu, i think it will. some i spoke to nigel farage, i asked him given the way investors are responding here, is the leave battle already lost and remain will now win. listen in. >> this time last week it was the leave makers, since the tragic d

legislation coming from brussels. that would be my first point. toncine: what i was relating was that there seems to be some to keepin mps trying britain inside the eu will matter what the vote is. that seems impossible. stephen: i think if there's a vote to leave, we have to respect that in parliament. but we've got no clarity as to what leave actually looks like. i think the constitutional if we takeentially, the norway model of staying inside the single market, we stay in the single market, but that means you can't do anything about immigration. francine: what you're saying is that if brexit happens, mps will not try to block it. we have to respect the vote to leave, but there has to be a debate about what kind of model we have. i would find it difficult to support a model where we leave the single market. the steel industry, ready much every job in the constituency depends on it. if we leave the single market, the steel industry is finished. the referendum is on inside or outside the eu. eu, there arehe lots of di

. >> and then brussels. >> it looked like war. so terrible. >> why can isis attack so easily. can europe win the war on terror? the search for answers to these questions begins with a look at a night of terror in paris. what is paris? what happens here that doesn't happen the same way anywhere else? >> i would say joy of life. >> joy of life. >> yeah, joy of life. >> this journalists have lived in paris her entire life. to her the city has a spirit all its own and it's especially vibrant at week's end. >> what is special about friday night? >> friday night, it's a moment of lightness. you forget everything and you sit outside. >> and everyone makes plans. drinks at the local cafe, tickets to see a favorite band and for many from the smallest child to the most powerful man in the country seats at the soccer match. >> what is the difference between football and soccer here? what does it mean? >> it is a big big deal. that night there were 70,000 people in the stadium and the president and you've got about 10 million people watching the game on tv. so it's a big deal. >> it was a

that is what's going to happen in brussels. david cameron across the table from the other 27 eu leaders, who were all going to want to know what is next. answer, heve that has already said he is not going to invoke article 50 and begin the official negotiations. he is not going to do it ever, it is going to be his successor. from the other side of the table, the leader will be angela she made clear earlier today when speaking to the german parliament that she intends to play hardball. she will give the brits some time to make up their mind exactly how they want to move forward. she will wait with the rest of the eu for the next prime minister. one thing is clear, she told parliamentarians in germany today that britain should not delude itself, it is going to have to make some serious concessions if he wants to do business with the rest of the european union in the future. there won't be any official negotiations before the next prime minister shows up. david: that is ryan chilcote reporting live from brussels. alix: online merk

it only happens once a year in brussels. you should have been here. >> that interview you did with commissioner dombrovskis i'm sure will please david cameron the u.k. prime minster. he wanted to reassure the known euro members of the eu, even though they're going if push the euro members together. he doesn't want to alienate the noneuro members of the eu. >> absolutely. i talked to pierre european commission responsible for finance. he was saying, there are certain members of the european union that use the common currency. there are certain numbers that don't. they do not want to push the britains in that direction. it doesn't mean when you hear for example mario draghi complete that. there's been interesting day. you talked to important people that are running this great experiment, mark. >> matt, great to see you. matt miller in brussels. >> we're continuing to monitor an event out of the white house today. bernie sanders has arrived to meet with president obama. sanders's wife jane accompanied him. we knew this was goin

francine: all of the latest news in brussels. more, jane let's get foley. tim cook you have to look at the nuances of -- jane: you have to look at the nuances of sterling and currency markets in the markets are believing that central banks will be delayed in terms of what fed can do. they are taking everything with stride. -- the be very cautious market is thinking central banks were going to ease anyway probably are. this is the bank of japan, maybe the ecb and maybe some others, new zealand. the market but pricing in that the fed won't hike and of the bank of england will. why would the bank of england ease. the reason would be we are try to stave off recession it that is clearly -- off recession. that is clearly not a positive factor. that's a majority government. now what we have got? political uncertainty. that's not something to be celebrated. a huge amount of political uncertainty with respect to the financial services industry. industry part of the in relation to how we -- we have not seen the lows yet. francine: you say the markets are focusing on