tv Your World With Neil Cavuto FOX News June 27, 2016 1:00pm-2:01pm PDT
when news breaks out we'll break in because breakin changes everything on fox news channel. 100 points off the session lows on the dow, down 1'48%." nasdaq off 2.4. here's cavuto. he's the man behind the brexit revolt. and now uk independent party leader nigel farrage is speaking to us. and where does britain go from sneer a lot to talk about. first, wall street reeling again as the new brexit reality sinks in. the dow diving 259 points after friday's 610-point plunge. welcome everyone. this is "your world." financial stocks getting crushed again today as investors seek out the safe havens. sheryl on the brexit backlash. >> i tell you what, it has been another rough day for markets.
a shock at the uk's decision to leave the european union continued today. investors hitting the sell button today as they worry about the world economy and really if a recession is going to hit britain or europe. what do does that mean for us? the pound falling to a 31-year low, again, today. and then the run for the exits boosting gold, which is usually the safe haven for nervous investors. and, trish, as you know, if the dollar continues to get stronger, that means it could eat into profits of american businesses that sell their goods overseas, large and small. then there was bank shares. here in the united states, hit hard for the second day you. had names like citigroup, bank of america, jp morgan, all of those names were down, and those names down nearly as bad that's british banks which have just been getting pummeled. in the middle of this you have prime minister david cameron
addressing parliament, speak thing to the country and the world, defending britain as economically stable and resilient, but trish,er traders dvded not enough to not hit the button. then britain lost the decreed rating and if the exit plan moves forward everything for britain could get worse. >> much more on the market reaction. first, straight to the man at the center of this movement. uk independence party leader niger farrage right now from brussels for this chat. welcome, sir. >> thank you you you've made a built of news. ever imagine when this all began that you would shake things up as much as you have? >> well, i started 25 years ago. took the view that the european project was questioning in the
wrong direction so decided to get involved in this new political party for the first ten years i was laughed at, mocked, derided, called all the names under the sun. and here we are, over the next ten to 15 years we grew, grew, grew, forced the british prime minister into giving us a referendum and then what we saw was the global establishment, not just the conservative and an bowr parties, not just the bank of enlan but president obama, everyone telling us that dreadful things would happen to us if we didn't stay part of a political union in brussels, and you know what? the little people, the real people, the order people, the decent people, said no. so to be honest, i am so happy i can scarcely believe it. >> how is it that you think so many people got this wrong? all of the polls were wrong on this. the expectation was it would be tooth bit people would vote to
stay. >> well, think they wanted to believe that. and they thought that project fear, or perhaps even project threat, would keep the little people in line. allow the big multinationals, the goldman sacks, people that love the institutions, just assumed that would work. ultimately, this referendum wasn't decided by economic arguments. wait decided by a basic argument of sovereignty should we make our own laws in our own country? and crucially, should we control our own borders. now, immigration is backing a hot issue in american politics right now, too, but just think about this. we're a country of 65 million people. our population is rising by nearly half a million people every single year, just because we have open border policy, with the rest over the european union. people said, enough.
we want a govern our own country. we want to make our own laws. we want our own supreme court do be supreme and we want to control our borders and that now is what must happen. yet, what we're seeing today from s&p and others is the establishment having lost, they haven't quite given in yet. >> well, let's talk about that. s&p today, standards and poors, has given a knock on your credit rate, taking the uk's credit rating down from its really pristine status. what is that going to men for the economy, and the doomsdayers are saying this is bad news. look at the markets, what happened with the credit rating. what happens now for your question? >> well, creditors get the markets right. closed at 6,000. nine percent higher than it was in february. so the idea that brexit is
causing stock market losses is rubbish. >> a lot of the british banks getting hit hard by this. >> well, one of the reasons barclay's is down is that barclay's took a massive punt on remain winning. they were long sterling at nearly 150. by the way, again, a lot higher than back in february. and they were long equity. so barclay's, frankly, got their losses handed to them on to plate and it serves them right for taking the position they did. on sterling, let's get some pacific here, too shall we. don't forget, before i was in politic is had a proper job -- >> that's right -- >> trading commodities so i do know -- i do. unlike almost everybody else who works in politics. sterling entered a bear market, declining market, in july 2014. why?
because every growth expectation in britain gets marked down, and because our public finances are still way out of control. so this hysteria about markets. lea enthat -- let's end that. it's rubbish. >> i was talking to people today who said you know what? london is no longer going to be a financial center for europe. your response. >> oh, please. please. please, please. london is not a financial center for europe. it's a financial center for the world. europe is becoming a little backyard. 85% of the global economy is not in the european union. the people are saying that unless we stay in a political union governed bin elected olds men in brussels, that somehow that will stop us buying and sells goods and services from each other. clearly they have no conception of what trade is all about. trade is not made by politicians. trade is not made by
bureaucrats. trade is made by people watching this program. they like a car. they like a bottle of wine. they think the price is right. and they choose to buy it. and we trade, the united kingdom trades with the eu at an annual deficit 50 billion sterling every year. we're now the euro's own biggest trading partner in the world and let me tell you something, hundreds of thousands of jobs in the german car manufacturing sector depend on good trade with the i uk. so the arguments are spurious -- >> let me ask you -- i hear you. for one, aagree with you in terms of trade and that's not going away and london will remain a financial center. this other thing you keep hearing there's going to be a systemic problem on the way because if you guys go, then, you know, who is to say france won't go, who is to say greece or italy or portugal won't go next?
>> well, let's get a political perspective now where we are with this european union. this club was put together back in the 1950s. and the idea was to get the french and germans to break bread with each other after three wars in 70 years, the last two of which dragged in not just my country but your country, too. okay? so, the idea of cooperation, the idea of trade, was absolutely sensible, but what this has now become is a political union. they want to build a united states of europe. that's why they have a flag, an anthem, a president, police force. it wasn't going to built an army which will threaten the role of nato. nobody in europe no one anywhere, has ever given consent for this. so, frankly, i would say this to you. if the -- danes vote to leave, what's wrong with that? let's have a europe of sovereign nation states being friends together, not a false political
union. >> now do you confront the threats out there? in the way of vladimir putin and isis? if you're not united together, can you still be strong win faced with these challenges? >> so, last year, in one of the worst policy decisions we have seen in the world, since 1945, angela merkel said, if you want to come across the mediterranean, regardless what part of the world you come from whether you're real ya a refugee or not you're welcome. 1.8 million people made that crossing last year. when isis say they will use the my migrant crisis to float the continent i suggest we take their sear youly and three weeks ago, the german authorities foiled a bomb plot and all four of those people have come in last year on those migrant boats and the germans are investigating and hunting down
180 terrorist subjects. please don't tell me that being together in the eu is making us saver. -- safer-it's quite the opposite. >> vladimir putin is doing a dance right now and is thrilled. he wants the europeans to be less powerful and he sees this as making them less powerful. your response to that, nigel. >> well, ultimately -- let me say this. vladimir putin behaved in a more statesman like manner than president obama did in this referendum campaign. obama came to britain, and i think behaved disgracefully, telling us we would be at the back of the queue of you say line rather than queue. treating us, america's strongest ally, in this extraordinary way. vladimir putin maintained his silence throughout the whole campaign. i'm not a fan of vladimir putin. but you know, the ukrainian
crisis was sparked by the european union saying they wanted to extend their borders to take in the ukrainians which putin took as being a direct threat. now, my view on putin and the russians is, don't poke the russian bear with a stick. if you do you're bound to get a response. >> so, more isolationist britain is what you want to see? >> no. a global britain. please. look, we are the world's fifth largest economy, and yet because we're part of this outdated customs union, being business cartel, we are prohibited and forbidden from making our own trade deals and own relationships globally. >> let me ask you this -- >> that's for a country that speaks english, a country that is mercantile by history, is mats we are leaving a failed political union and rejoining a bigger, better, modern 21st 21st century world. >> what does this mean for news the u.s.? one commentator made the point
today he thought it was good, we had historically had a great relationship with you guys and we actually may have a better one because you're more potentially with us as opposed to, say, europe. thoughts? >> well, i would say this to you. militarily, the direction the european union is going in, threatens nato and the fact we have opted out of that means that the two of us together can continue to be the closest military allies in the world. and in terms of trade, let's get rid of these idiots bureaucrats. based in brussels and why don't we together, britain and america, cut our own trade deal and have a better, stronger, deeper relationship. we now with that historic seismic vote on thursday are free to come and talk to you as americans, as an independent country, and let's make our ties even closer than they are today. >> i just got about 60 second left. but a lot of people are comparing what you guys just went through to what we are
going through right now. do you see the similarities? >> no. your position -- you may have your problems -- is nothing like ours. we finished off until last thursday with 70% of our laws being made by foreign institutions, our own supreme court being overruled luxembourg and with an open bored for 500 million people. whatever problem in the u.s.a. there's nothing to what we have had and what we did last thursday is we said, we want our country back. and we voted for it. and we have got it back. >> kind of an independence day nor you guys. thank you very much. >> absolutely. >> good to see you. >> thank you. >> the market still plunging, off 260 on the dow. the big question is, will it last? or is this brexit selloff overdone? we'll debate it. why pause to ta?
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stocks plunging think dow diving 260 points. losing five percent of its value in just the last two trading days. how do you like that? so, the question right now is, is there more selling to come or should you buying right now? we want to go to our market pros, steve moore, gary and keith. gary, you're worried. you think there's more offer this to come. why? >> before last week the economy was in bad shape. the leading stocks on the market were all the defensive issues. last i looked, debt and deficits were still skyrocketing. i just think this was just the catalyst of trouble to come, and of course, this doesn't help the situation. the good news in the near term, a lot of coughing up and a lot of bearishness so maybe we bounce but i think a darn good top is in place and going to be more trouble ahead.
>> steve, gary is making an interesting point. things aren't so good here. you're growing at 0.8% and the last jobs report was lousy. so questions whether or not this market can be sustained when you have economic fundamentals that are so lousy. is this effectively the catalyst that is going to cause everybody to wake up and smell the coffee when it comes to our own problems. >> i agree with both you and gary the market fundamentals are hot so good and this has nothing to do with brexit you. mentioned the jobs report. we got that horrible first quarter gdp report on friday it was totally overshadowed but we had a terrible number for durable goods. the real economy, notwithstanding brexit, is in kind of a very fragile shape to say the least but the selloff attributable to brexit is very temporary. i'm not saying the market is
going to recover in a week or two but three or four months from now there will be a return to normalcy and that means buying stocks now might not be such a bad idea. >> look for the bargains because. >> you got it. >> ultimately we all believe in the power of the u.s. economy -- >> the way-trish -- >> yes. >> the reason for that is ultimately what happen, britain is pro growth. >> that's what nigel said. >> how can that be gad for -- >> he said this with mail the uk much stronger. they will have a better business environment for their company, for their individuals, and thus it's better for global markets. let in the get to keith for a moment in the new york stock exchange, we know selling begets more selling. what is your thought in terms of how this plays out over the course of the week and the jitters you're seeing? >> that's the question of the day. this is all about psychology right now.
what you're seeing is a global margin call. these global traders are leveraged up to their eyeballs and when everyone said bail because of the brexit, they need town load that. to steve's point there is economic growth here. this is a vote for capitalism. am i content to buy? absolutely. companies that have stuff that you must have like defense stocks or medical stocks the world i not going change the business mod. , brexit nor brexit. >> i'm hearing overall from two of you some optimism. gary, back to you. 40 servings left. what is the overall fear surrounding the whole systemic crisis? we haven't seen days like this since 2008 and there are those out there that are worried it's going to cause major, major problems. >> trish, deficits, debt, and leverage, are much higher today than they were in 2008. simple as that. that is the big worry.
sales growing has headed south. earnings growth headed south you. have sluggish economy -- >> all right. not looking good. gentlemen, thank you. good to see you all. we'll be right back in two. mr.'e been expecting you. will you be needing anything else? no. not a thing. beautyrest black. get your beautyrest.
hundreds of passengers watching in horror as their plane burst into flames on a runway in singapore. let's go to trace gallagher. >> reporter: singapore 368 was two hours into the flight to milan when a warning light came on indicating a loss of oil pressure. the pilots decided to go back to singapore. the plane dump evidence its school inland safely. the passengers land but second late their right wing caught fire. experts say it's likely some of the fuel that was dumped was still on the wing and a spark
from the hot landing ignited it. the passengers say there wars a strong smell of fuel on the plane but day war not allowed to get off until the fire was out which took maybe ten minutes and instead of using emergency slides the 241 passengers and crew calmly walked down the stairs. there were no reports of any injuries. back in 2013, an air asiana airlines 777 crash landed at san francisco, killing three people. the that crash blamed on pilotaire, and malaysia flight 370, which is still missing was as boeing 777 but we should note the 777 has one of the best safety records of any commercial plane in aviation history. >> thank you so much, trace. let's get back to the whole brexit issue. it may be making vlad glad. how do you like that? we're talking about russian president vladimir putin who is potentially happy but jack kean says, hey, hang on, not so fast.
today u.s. and nato troops participating in a massive military exercise in the ukraine. officials are saying that these war games simulate counterattacks against russian aggression. general keene jones me right now. good to see you. >> good to see you, trish. >> a lot of concerns about the whole brexit issue voiced by some in the national security space. the threat is essentially that vladimir putin is out there, continuing his ways, and he wants nothing more than to see a weakened europe. is europe more under threat today because of this than it was a month ago? >> well, this is the beginning chapter of the european union actually coming apart. that's certainly a victory for putin. he would absolutely want that. he and all the other leaders in the kremlin certainly were in leadership positions, not the one they're in now but back in
'91 when the soviet union fell apart and putin thought that was the most catastrophic event of the 20th century. so, yes, they would absolutely applaud this kind of disunity. >> but, general, is europe actually weaker because of this? we heart from nigel farrage who said britain is going to be stronger, will work with the u.s. and other allies to make sure that the threat of vladimir putin is something that doesn't hurt them and doesn't hurt europe. so, obviously we want a strong europe. however you've get there. >> well, if you're talking just national security, even -- it would be political and economic disunity and, yes, not as strong for those ropes. from a national security perspective, however, we do have the military and political alliance called nato, and the brits are the largest and toughest european force in nato. the other one obviously is the
united states. we're number one. and unless the economy tanks, and therefore the budgets go down and military capables in britain go down as a reality of it, it should not weaken nato. the other thing is there could be a plus here. i think it's a wakeup call to some of the other nato countries and they could put in more money into defense. they've need to put more money in and this may be an incentive to do that. >> let me share if you -- with you, general, nightle far ranchys response to when i push him on that issue of whether or not vladimir putin is more of a threat right our. >> vladimir putin behaved in a more statesman like manner than president obama did in this referendum campaign. obama came to britain, and i think behaved disgracefully, telling us we would be at the back over the queue. you guys say line rather than cue. treating us -- america's strongest, oldest ally, in its
most extraordinary way, vladimir putin maintained his silence throughout the whole campaign. i'm not a fan of vladimir putin. but you know, the ukrainian cries was spark bid the european union, sawing they wanted to extend their borders to take in the ukraine, which putin took as being a direct threat. now, my view on putin and the russians is, don't poke the russian bear with a stick. if you too, you're bound to get a response. >> so, general, he seemed to be making the point that vladimir putin was easier to deal with than even president obama in this whole crisis, but as you just stated, that may be in part because putin had a vested interest in making sure that nigel farrage and the movement succeeded? >> i think so. i do agree with him about our president's behavior and injecting himself in the middle of uk politics and a referendum
such as this which involves directly the british people. when it comes to putin, his intelligence services are working this thing very hard and obviously they were looking for the vote that actually was the outcome. and they will be doing the same thing in other countries that are going to schedule such reference da as well. putin sees this as a plus for him because the political and economic disunity and will incentivize him. of course. so that's where i disagree with that conclusion. putin is not the statesman that he is claiming him to be. it is russian aggression in crimea, russian aggression in the ukraine, and it is not incentivized by the ukrainians who all they wanted to do was have an economic relationship with europe. there was no justification for the all-out assault that took place from russian troops in that country. >> to your point, maybe,
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as the lead campaign toasts because of tea and toast? before the brexit vote the european union put a plan on hold to not affect the vote. the plan is to ban household appliances such as tea kettles and toasters that didn't meet its energy efficiency standards. well, now that the vote is over and despite its outcome, the european union is going full steam ahead with the ban. i want to go to louise who says the people have had enough. louise, this was the ramification of it. >> we had our own boston tea party, the original boston, you cannot ban the british kettle. please. we built our little empire on a cup of tea, and these regular layings are ridiculous. >> crazy regulations. apparently the curvature on a
banana is actually regulated. >> that is one and your vacuum cleaner, they weren't allow today be too powerful because of the environment. these bureaucrats switch their parliament from brussels to strasbourg a couple of times other month to satisfy the egg go of the france and take private planes to fly short distances around europe and they're going to lecture british people how we make our tea. >> if you were saying, watch out, this coming. i remember you telling me that. a lot of people got it wrong. the media, leaders. why? >> i knew people that were working in the vote leave campaign, and i was hearing the reports from the ground, particularly from he the left, who believed vote north america the welsh valleys were in favor over the leave campaign and
trouble with the pollsters and the democrats they weren't listening to their own voters and hearing working class people saying have had enough of migration and people taking our jobs and undercutting the minimum wage and we want out. >> nigel farrage was just on with me in an exclusive interview ask said something similar. watch. >> whatever problems you've got in the u.s.a., they are nothing to what we have had as part of this -- what we did last thursday is we said, we want our country back. and we voted for it. and we've got it back. >> but there are those that are trying reverse this to turn it over. will they have any shot? >> no, they won't. the prime minister to his eternal credit, he said there is absolutely no way that we are going to have a second refer -- referendum. brussels has to bite the bullet
and the choose in the market will settle down. >> itself makes grate e great britain stronger in your view. >> it does. >> thank you to. good to see you. >> forget the brexit battle. the markets more worried about what just happened in a battleground state? they may be. we'll explain. real is making new friends. amazing is getting this close. real is an animal rescue. amazing is over twenty-seven thousand of them. there is only one place where real and amazing live. seaworld. real. amazing
and take all of his gold! ya! and hide it from the crew! ya...? squuuuack, they're all morons anyway! i never said that. they all smell bad too. no! you all smell wonderful! i smell bad! if you're a parrot, you repeat things. it's what you do. if you want to save fifteen percent or more on car insurance, you switch to geico. it's what you do. squuuuack, it's what you do. trump says, he'll make america great again. it's right there. no. it's stamped on the front of his goofy hat. you want to see goofy? look at him in that hat. >> democratic massachusetts senator elizabeth warren, taking a swipe at trump today. while stumping with hillary clinton in the swing state of ohio. the darling of the progressive wing, she is said to be on clinton's list of potential vp picks. former democratic pollster pat goodell joins us right now.
does that help or hurt hillary clinton if elizabeth is the running melt. >> well, a it's been interesting question. i have to comment on the cord -- the twin outfits. not good. but they would have to have daily coordination -- >> now that you bring it up, i wonder. >> could have said, i'll wear red today. >> somebody -- it makes a difference. i don't mean to -- >> but that aside. >> that aside, here's the deal. i think that elizabeth warren is in danger of losing her particular cache. she seemed to be a conviction politician, went after wall street. man things that bernie sanders has said. but she was very passionate about those things, and seemed to be standing for issues. then they promoted her into the senate leadership.
and she became a partisan democrat first. all the attacks were on republicans rather than everything else, so there's some awkward moments. there's hillary clinton, who wouldn't release her speeches on wall street. and got taken all this money, and elizabeth warren going, oops -- that was yet. when she -- >> in other words, looks like a hypocrite. >> looks like a hypocrite and gets worse. it's deeper into the policy differences, and my point is that the attraction to voters like the sanders voters, was that she was uniquely seemed to be convicted. the more she tries to play a partisan and tries to ignore the differences that she and hillary have, it's a problem for her. wouldn't be a problem for another politician. >> the other question is, does it get hillary clinton anything? massachusetts, elizabeth warren so another woman -- >> that would be.
>> -- by the way a more polarizing kind of woman. >> right. the question there is, it's -- it was -- i'm sure they're saying, be like having al gore and bill clinton next door states states and a new thing but they were in style. these two women are not in sync and i think it's -- and i just wonder what the pushback is, and also, you said elizabeth warren is very divisive. hillary is trying to run back to the center. >> going to unite. >> but one point i have to make, and this is the kind of thing these people on the campaign -- and they said, i guess becauseway was there saying, the hedge fund tax. in 2007 the democrats took the house and voted to repeal the hedge fund advantage. >> sure. back in their campaign. >> guess who killed it? us money and it's all in the
"washington post." we'll kill it in the senate and guess who didn't say a word? senator hillary clinton, and senator barack obama. >> very good to see you, pat. >> good to see you. >> good analysis as always. clinton once again slamming wall street today, promising she'll make sure that wall street pays its so-called fair share. but considering the millions and millions of dollars that she is taking from wall street for her campaign, isn't that going to look a little hypocritical? hadly you say, yeah. >> looks hypocritical, and even worse, this is an obvious attempt from the democrats to paint wall street as the bogeyman. there's a lot of uncertain in the economic but the may jobs report showed 38,000 new jobs. this is not seasonable and going to be difficult for democrats to run on a progressive economic
agenda given the policies we have been pursuing like obamacare. >> richmond, think she is in a tough spot here because our economy is not in good shape. so, she can't run on obama's record and point to that and say, look, i'm going to be able to continue this for you, it's going be great. four more years of a democrat in the white house. that's a problem. and then on top of it she can't run on elizabeth warren and bernie sanders' agenda, which is anti-wall street, because she is taking money from wall street. what does she do? >> well, as far as the economic record is concerned, if you had told somebody eight years ago that the stock market would triple, gdp would be up a third, that unemployment would be down basically 50%, et cetera, et cetera, there are -- the gains -- >> chris -- richard-richard, no, no, -- i want to jump -- you've say the stock market its doing well. but get what, the very people you want to help, the middle and lower class, they're not
invested in the stock market so it's done very little other than to create a larger gap in wealth. the income inequality you are going on about, that's created by janet yellen and policies of president obama. then you want to talk about jobs. okay, yeah, we're adding jobs but they don't pay any money. incomes, they have not budged in 20 years. how do you -- >> actually, that's not true. >> itself is true. >> no. no. >> it has no -- >> excuse me. excuse me. >> don't fight me on this. >> i challenge your viewers to google the question of basically money received by the middle class over the past two years. i'll concede that -- >> richard, in the last 20 years, wages just have not budged. >> you can't lay that on hillary clinton, trish.
>> how can she run on president obama's economic record? do you want her to? >> the fact of the matter is there's usual lay very strong correlation between the president's approval rating and how his party's candidate does after eight years. right? that's how george w. george h.wt elected use, you didn't answer my question. >> wait -- >> you want her rubbing on his record? >> i'm saying -- >> you're happy with the economy. >> i'm saying there's a reason that wall street -- talk to hank paulsen, a reason wall street is backing hillary clinton because they're scared to death of having -- >> i think that's got legs. >> i think she has done well with the fear argument. going to do with fare. hank paulsen doesn't operate prom fear. and he is saying that having donald trump as president would be the single worst thing that could happen to the u.s. economy e. and that's why he is supporting hillary clinton. >> it's just exactly what we saw over in the uk. with everyone saying, you have
to do this because if not, all hell is going to break locals good to see -- going to break loose. good to see you. trump down in the latest polls but could the latest polls. but could the brexit numbers actually help him? could it turn things around? that's next. what's it like to be in good hands? man, it's like pure power at your finger tips. like the power to earn allstate reward points, every time i drive. ...want my number? and cash back for driving safe. and the power to automatically find your car... i see you car! and i got the power to know who's coming and when if i break down. ...you must be gerry. hey... in means getting more from your car insurance with the all-powerful drivewise app. it's good to be in, good hands.
trump slipping in the latest polls, but they were taken before the brexit vote where he was proven right. one poll has him down by five points while another has him trailing by double digits. let's go larry sabado to see what he thinks. larry, where do you think the polls are heading now given the news that we just saw from overseas? >> i don't think they're going
to change much until after the conventions. that's really the opportunity for trump and clinton to retell their story and redefine their story in a more positive way and maybe reduce some of their unfavorable ratings. trish, the only way the brexit vote is going to affection our election is if it triggers a serious recession that draws the united states in. >> absolutely. hang on, larry. that's a fair point. we'll get to that in a second because our economy is not in good shape. you heard me just explain that to richard goodstein. but that aside, what you saw over there, it's captivating a lot of people in the u.s. and dominating the headlines. we're talking about it constantly on tv. and there are, larry, somesimil so-called uprising that you're seeing from the people, from middle class voters who said, you know what? we're sick of all this regulation. we're sick of brussels telling us what to do, and it's kind of like americans are sick of d.c.
overlegislating their lives. >> i agree that there are some similarities, obviously. but you've covered them. but there are also some major differences. i lived in the uk for a number of years. that electorate is very different from the u.s. electorate. today its composition racially couldn't be more different. the one that voted to leave the electorate that day was 94% white. we don't have that kind of electorate in the united states, and everybody knows, whether they like it or not, a lot of votes are cast or at least could be defined by means of race or by racial category. so, you know, let's not overplay this. yes, there are similarities. you're emphasizing it in june. i'm with you. it's june, you got to have headlines. >> let's get back to the economy for a second. gosh, none of us want to see bad things happen for our economy. whether or not we hit recession, i hate to think about that. but what about the issue that is
so important to americans here. and it comes down to globalization, right? we've seen so many jobs continue to move overseas. you got hillary clinton who has been touting the transpacific trade deal and really emphasizing the importance of being more global. does that become a more central issue? and does that, therefore, help trump? >> well, that has already become an issue. it's one reason why trump is doing better in pennsylvania, for example, than other republicans have in the past or in the recent past. republicans last carried pennsylvania in 1988, and trump is at least making it competitive. we'll see how competitive it is in the fall. yeah, that's part of this deal. >> as you said. >> our election's in november. >> i have to go. thank you very much. we'll have more right after this. hi, i'm dominique wilkins. when you have type 2 diabetes, like me, there's a moment of truth.
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points. nigel calling this market sell-off hysteria and total rubbish, in a very british way. more reaction to my exclusive interview tomorrow on the intelligence report on the fox business network. catch it at -- >> hello, everyone. i'm dana perino along with juan williams, it's 5:00 in new york city and this is "the five." britain's historic vote to break away from the eu has fired up the war of words again between our presumptive presidential nominees. hillary clinton lashing out today at donald trump's response to the referendum. >> on friday when britain voted to leave the european union, he crowed from his golf course about how the disruption could end up creating higher profits for that golf course. even though within 24 hours