Course. Power lunch begins now. In a week well know. Did the brits vote to stay or leave europe . This is power lunch with tyler and melissa. Im michelle carusocabrera. Brian is out today. This was the big trade yesterday. Right now the pound versus the dollar at this hour, 1. 43 is what its going to cost you. Pound is stronger again. That little yellow arrow indicates the strength of the dollar. European markets jumping sticks days before the vote. The footstse finished up 1 . A statement being made following the Fatal Shooting of jo cox yesterday. Brexit Campaign Officially suspended only for today. Lets bring in cnbcs wilfred frost who is on his way to london tonight. Tonight but not quite yet. The latest in terms of polls, the Financial Times poll of polls says 48 say theyll vote leave. 43 say theyll vote to stay. Im delighted to say that were joined now by kate, British Labor politician, a member of Parliament Since 1989. She is in the leave camp, one of the few labor members that is in the leave camp. Thank you very much for joining us, especially given recent events, and may i take a moment to pass on my deep condolences to you and to the labor party more widely following the sad loss of your colleague yesterday. Yes, it was a terrible, terrible tragedy, and were all incredibly sorry and just really words cant say anything about it. Indeed. And im going to step back to start from the events of the last 24 hours if i may. The story i suppose of the last few weeks has been one, in fact, of great momentum for your side of this debate, for the leave campaign. What do you put that down to . Why has momentum grun for peoow people who want to leave the eu. Of course, were not leaving europe, but we want to leave the eu, and over the past number of weeks i think i find when going around the country that people have been listening to the arguments. I dont think theyve been scared by all the terrible, ridiculous stories about being put out by the remainers if we were to take back our own country and our own borders and our own trading, and our own democracy. I think whats happened is theres been so much of a bringing together of the establishment, leadership of all the main Political Parties, the big banks, the big institutions, the international bodies, the Prime Ministers and leaders of other countries all telling us how dreadful it would be if we would leave, and i think the public have actually come around to saying, look, hang on. Weve never been asked about this European Union, how its changed over 41 years. Weve had treaty after treaty imposed on us, and this is our opportunity to say, we dont like how its changed, and i think what has happened now theres a kind of confidence amongst the British Public particularly outside london who are just beginning to say, well, hang on. Were going to show you that we think you have been wrong as the political elite who have led us into this European Union, and were going to vote leave. So do you think when the likes of jamie dimon, the jpmorgan ceo came over recently and helped to outline the case for why the uk should stay, do you think that helped your cause . Do you think that helped the leave camp gain traction . Well, i think it actually did in a way, and i think also when we had your president obama over, everyone thought, oh, this is going to make such a difference, and actually we saw the polls shift the other way after hed been because it was nice to have him here and he visited her majesty and wished her happy birthday, but really it wasnt up to president obama to tell us how to run our country, and as people said to him and to other americans and to your public, you know, you would not you have a trading relationship with mexico and with canada, but you wouldnt allow a Mexican Court to overrule your court, and you wouldnt certainly have open borders with those other countries. So no one is against a trading relationship. We want to trade, but what has happened over the 41 years is that the original Common Market has become a political structure over it which is now more important to the elected commissioners than almost the trading attitudes, and so thats why i think people are beginning to feel very strongly that its time to get out. You mentioned some aspects of the remain camp, be it financial institutions, the president , the uk Prime Minister. One aspect where there has not been a united front amongst the remain camp has been between the Prime MinisterDavid Camerons conservative party, your party leader, jeremy corbin, and the rest of the labour party yet this morning for the first time they appeared alongside each other. Do you fear the tragic events of the last 24 hours might help to boost the unity of the remain camp and could that hurt your cause in the final few days of this crucial vote . No, and i dont think its seen i dont even want to sort of answer that sort of question because thats not what i think this is about. Ultimately people will vote next week. The British Public i have a lot of confidence in them. They have a lot of common sense, we have as a country, and they will be taking the decision on what they think is the best interests of the country, not whether in the long term as well and not whether two leaders of two Political Parties appear together in a very unified way, very rightly over what has been a dreadful tragedy, and, you know, couldnt have happened to a nicer and better member of parliament. Im sympathetic to not wanting to answer that question, maam. Thanks so much for joining us. Michelle here. But to follow up yes. On wilfreds question, when this horrific event was announced 24 hours ago, everything seemed to change. The markets, the pound rallied, bookies odds changed, the stock market rallied. All of the markets, all of the indicators we follow seem to suggest that this horrific event would give more power to the remain campaign. We are littered in history with many, many incidents, violent incidents, that moved elections, polls, legislation, civil rights legislation in the United States, for example, many believe occurred because of the assassination of jfk. So i want to go back to that question which is yesterday could have been a very pivotal event for the remain camp, and it could hurt your cause. And theres one more thing i want to tell you. The uk police according to reuters has just said that the lawmaker was the victim of a targeted attack and that they are investigating whether or not it was right wing extremism. They think its the priority line of inquiry into her killing. Well, i mean, we dont know the full facts. What we know is that this person certainly had Mental Health problems, and i think that until we get the full facts, you know, whatever his history is, the reality is if he had Mental Health problems and he wasnt being treated properly, who knows why this happened, but certainly its very, very worrying if the person was the member of parliament was actually targeted, because that means members of parliament from all parties and all sides have to be incredibly vigilant, but your initial question really, i really dont think this would change something in that kind of way that youre implying and i think well see in the polls that are coming over the weekend not a shift. Of course, the markets go up and down. And they can change with all sorts of things. Similarly, with the betting odds. The betting odds have been moving towards they have been way, way in favor of the remain Campaign Just a few days ago. So they had begun to move back towards leave. So, you know, im not in the game of working out what the markets are saying. I believe in what people say and not particularly worried about what the markets are saying. You know, we americans have some history or familiarity with rebelling against foreign control of our destiny, and so my question is, is that what this is about for you personally . Apart from the effects that membership in the eu may have on wages and job availability, is it really about democracy and the ability to control your own destiny . Well, for me and for many of us, the democratic element is the crucial thing that underpins it all. You know, we really have lost so much power from our own parliament, and as i always say, the train is only going in one direction, and if we remain in the eu, we lose even more power. And i think that is very, very important because, you know, weve been were the fifth largest economy. Were an independent we should be an independent, free nation, and, you know, only out of all the democratic nations that we recognize in the world, its only 28 that seem to feel that in order to have a trading zone you have to have this political structure, and i dont think probably the American Public understands that its not just about trading. It is actually now a directive to try to change things we do in our own country, our own parliament can be overruled. We cant deport people back into European Union countries sometimes because of various rulings from the court of justice. So it is about that to me very much, but also the European Union has changed from what many in the labour party supported. Its now from the left were seeing it as a supporter of the global corporations, the multinationals. Its a neoliberal organization, and its also trying to have a relationship the Transatlantic Trade Partnership with the United States which were very much opposed to because it would give the multinationals huge power. Theres a very coherent argument from the left as to why we would like to leave the European Union which is why theres quite a vocal group within the trade Union Movements working right across the European Union. The United Kingdom is not alone in having problems with the European Union. Were seeing more growth in the other countries who would quite like to have a referendum and thats part of the reason that theres been this really trying to push us from other countries because theyre worried what might happen to other countries. I want to zero in on that very point. If you look down the road if your leave campaign succeeds, if you look down the road and look at the ramifications and see europe as a whole being stronger, including britain, because many people say this will lead to weakening of the euro, the currency, and then also a weakening of the European Union with the periphery wanted to come out. This could potentially if your campaign succeeds, lead to the dissolution of the European Union. Do you think this is the future in which britain will be stronger . Well, i think we are looking at a referendum that is not about the status quo or leave. Its because we have no idea what is going to happen to the eurozone within the European Union and, therefore, there is huge uncertainty about staying in, and i think what is certain about leaving is that we then as the United Kingdom can control our own destiny and decide our own future in terms of our trading relationships. We will still be trading with the rest of the world. Were trading more now with the rest of the world than we are with the European Union. Our trading relationship has gone down. Its a dysfunctional organization only people dont really want to admit that, and, therefore, leaving it will give us, i think, as a country not in the eurozone the ability to go from strength to strength, but i hope that it would actually also lead to a fundamental change within the European Union itself and it is going to have to completely change the way it works, then i think that may well have to happen. We could be a catalyst for that change that is necessary if its going to survive at all. Sitting here in the u. S. As i do as a brit here in the u. S. , a lot of people often compare the rise of the Brexit Movement with the rise of donald trump, but given the case youve been outlining, the working class case why . Because there are antiimmigration feelings, antiestablishment feelings, theres a mop of blond hair on two of their significant leaders. Im not saying theyre the right assertions but theyre made. My point wag going to be do you think there are more similarities with the case youre plakimaking to leave the with, in fact, the rise of Bernie Sanders . Well, i think there is an antiestablishment in all of that which were seeing not just in your politics in the United States but right across the eu, but i would want to stress that, you know, people talk about it being antiimmigration. What we want to see is control of immigration so that we decide as a country. No one is saying there shouldnt be immigration, but i find it very sad that our former commonwealth countries, now, i have great difficulty getting their citizens to come into this country even to work whereas countries in the European Union automatically can come in. So its about controlling immigration and then looking at the kind of skills that we want in our country, as any other democratic country does. This is what the American Public needs to understand that. Its nothing new about controlling your own border and who you take into your country. We have given that up to the European Union, and thats part of the reason the democratic deficit that we want to get back. Ms. Hoey, thank you for being with us. I will be on the ground in the uk next week and would love to have you join us again. Good. Well see you. Lovely. Thank you. She would be a terrific guest to have on again. Very wellspoken. Thank you. Weekly rig counts out moments ago. Lets get to dom chu. Back to our side of the atlantic with the weekly rig counts on friday. We have total u. S. Rigs up ten to 424. Now, lets break it down by the particular commodity class. Rigs for oil up 9 to 337. Gas rigs up 1 to 86 and misly miscellaneous rigs unchanged at 1 for right now. The u. S. Rig count for oil is down 294 rigs from the same time last year. Also a nod out to canada. Canadian rigs up 4 to 69. Those are the numbers. The big one a lot of people focus on, plus 9, again, oil rigs to 337 total. Back over to you guys. We did see a slight pull back in terms of the gains of wti. The battle for viacom has cost five members of the board potentially their seats. If the move holds up in court, well bring you the latest in this escalating legal war. Plus, one International Airline offering a startling new deal, Unlimited InternationalBusiness Class flights. Is it worth the price tag . Well tell you straight ahead on power lunch. Jake reese, day to feel alive jake reese, day to feel alive jake reese, day to feel alive man 1 man 2 i am. Woman exmilitary . Man 2 four tours. Woman you worked with computers . Man 2 thats classified, maam. Man 1 but youre job was Network Security . Man 2 thats classified, sir. Woman lets cut to the chase, here. Man 1 whats youre assessment of our security . Man 2 [ gasps ] porous. Woman porous . Man 2 the Old Solutions arent working. Man 2 the world has changed. Man 1 meaning . Man 2 its not just security. Its defense. Its not just security. Its defense. Bae systems. Great time for a shiny floor wax, no . Not if you just put the finishing touches on your latest masterpiece. Timings important. Comcast business knows that. Thats why you can schedule an installation at a time that works for you. Even late at night, or on the weekend, if thats what you need. Because you have enough to worry about. I did not see that coming. Dont deal with disruptions. Get Better Internet installed on your schedule. Comcast business. Built for business. Two years ago right here on power lunch, a battle royale. The founder and ceo of iex went at it with an executive in the High Frequency trading industry with author Michael Lewis weighing in as well. Do you think the markets are rigged . I think its really hard to put he said it in a book. You said it in a book. Thats when i knew the markets were rigged. Its disgusting youre trying to parse your words now. Do you believe it or not . Because you said it. Its a yes or no question. Do you believe it. I believe the markets are rigged. There you go. And i also think youre a part of the rigging so if you want to do this, lets do this. I really do. He said that and he also said shame on you. How do you react to that . So ill say it again. So i think hes outrageous. I think hes part of the problem. The s. E. C. Is expected to rule today whether to grant iexs request to operate as a National Stock exchange. Lets bring in bob pisani who was part of that discussion a couple years ago. Hi, bob. Give me some history here. What has iex been doing . How have they been operating absent this kind of designation from the s. E. C. . Theyre a little less than 2 of the overall trading. Theyre an alternative trading system and theyre seeking to become an exchange. Theres been some question about how much a Stock Exchange would be allowed to slow down trading. Iex will institute a 350 microsecond speed bump. Their argument