For many markets. The dax is up 1. 24. France is you will over a 1 so is the ftsi. And crude oil rising for the first time in seven days. Wti up by 66 cents. And also look at currencies. The pound making a sharp comeback this morning after tumbling to a more than two month low. Both the uk referendum campaigns have been suspended after the killing of jo cox. Gonna show the currencies because problem with the goes back to 1. 43 in watching it. The betting market, didnt get up to 70. Now i think the betting market was the pound. That might be a better indication of whats happening. Right. The one market thats really kind of got its finger on the pulse. Im sure the betting market obviously it is not as big as the foreign currency market or the pound. 1. 42. And then we didnt show gold. Gold is gold is going down. Gold is going down. After seven straight days. Now you are ready. No im not. It was down like 8, 10 or something. But its on a roll. Down 11. 11. Long way to go. In the meantime. Some of the other big stories. May Housing Starts at 8 30 a. M. New construction expected to have slipped last month. After surging in april as builders ramped up activity on single and multi family homes, Building Permits are expected to rise but at a slower pace than in april. And political news this morning. Bernie sanders telling supporters that he is going to work with clinton to transform the Democratic Party. But sanders didnt concede his president ial campaign. He emphasized the need to continue the, quote, political revolution, unquote. And president obama facing dissent in the ranks. 51 members have signed memo. In light of the near collapse of the cease fire brokered earlier this year. What you do make of that . Bashar alassad. Yeah. What do you make of that is this. Lead story in the new york times. Yeah. Lead story. I saw that. I you know, the syrian mess over the last couple of years if figures prominently into this election. Doesnt it . That has not been a study on american diplomacy on how to screw things up in syria. We had a chance early on. And it comes from some right wing organizations. That initially the group that turned into isis we thought maybe those were guys that we should be. Alying with. Actually supporting. Trump tweeted out at one point see i was right because they were supporting the precursor to isis. We said things which we didnt follow through on. No question weve let syria bubble yesterday too, right . I did. Testifying before congress saying look, isis is not weakened in a lot of ways. Geographically they have not maybe in raqqah or wherever over there but probably more capable of serious strikes. And the journal had an editorial that we have to hear the truth after we heard the previous day how much progress were making interest the president. And anyway, that is strange story. That mp that was murdered with a gun. Stand first and then with a gun. That with a knife. But very difficult to get a fun. And found some things online that he had tried to research how to build a gun. And remain camp was quick to blame it on relief camp. And according to one eye witness there have been conflicting reports but according to one eye witness he was saying britain first. Lets talk to someone who probably has a better handle. Campaigns for next weeks referendum have been suspended following yesterdays shooting a death of British Parliament member jo cox. Very popular. Nbcs bill neely joins us from london and maybe can fill in some of the blanks for us. Or maybe not. Well there are good morning guys. There are quite a lot of blanks. But what we do know is that this has not only completely stunned britain. It stopped politics in its tracks. All political campaigning for the referendum here has been stopped. And it is not just that this was the first murder of a lawmaker here in a generation. It is the first ever killing of a female member of parliament and i think it was also this particular woman. Jo cox was almost universal popular. Elected last year and almost bounced into the parliament with huge energy drive and an infectious smile. But also the brutal nature of her murder in broad daylight on the street. She was first stabbed and then the man pulled a gun and shot her three times. Once in the head it. Doesnt appear at the moment this was a case of islamist terrorism but they are still investigating whether it was politically motivated. She had been an aid worker most of her career in afghanistan, darfur, how ironic that she was murdered near her home in the north of england. She fought hard for immigrants. She represented an area where there are a lot of immigrants and the man suspected of killing her was a quiet, white, 52yearold englishman. The police say his motives were unclear. But there are conflicts reports that when he stand and shot her, he shouted put britain first. Or Something Like that. And also said has a history of depression and other Mental Health issues. And this killing has also shocked people here because guns just arent as common as in the u. S. And gun laws are very strict. And i think the final thing worth mentioning is that statement made by her husband. Very poignant. They have two Young Children, 3 and 5. And not long after she was attacked he tweeted a photograph of her and said she would have wanted two things. That our precious children are bathed in love and that we all unite to fight against the hatred that killed her. She was just 41. A rising star. That was even acknowledged by her political opponents, including the Prime MinisterDavid Cameron who said we have lost a great star. So this is a country that it really is this morning in shock. Shocking. Yeah. Not just the uk. But were on all about this brexit vote and then that happens. If someone didnt hear that and i mean that is purely political. So it is hard to believe someone would actually make up that phrase put britain first but we dont know at this point. Until it is confirmed. And at this point police say, you know, they simply havent got a solid motive. But this guy who is still a suspect, is in their custody. So they are questioning him. Some of the most dangerous places in the world. And then in ore home. Last place you think. Bill neely. Thank you. And weve got about how many days now . Today is friday. So less than a week for the brexit vote. Imf chief Christine Lagarde joins us at 7 00 a. M. Eastern and then later richard haas from the council on Foreign Relations and im sure were going to hear hard core remain arguments from both. Which we just heard earlier. Stocks to watch this morning. Oracle reporting better than expected Fourth Quarter revenue as sales surged. Expecting the cloud support and cloud related businesses to grow more than 65 in fiscal 2017. Smith and wessen raising full year outlook. The largest u. S. Gun maker shipped a record 1. 8 million weapons last year. Mostly handguns. And revlon is buying Elizabeth Arden to strengthens its skin care and fragrance and expand into high Growth Markets like asia. And mosaic in talks reportedly to buy vales fertilizer unit. Also hsbc will be paying nearly 1. 6 billion to settle a class action suit stem interesting the Household InternationalMortgage Business it bought back in 2003. I remember covering that deal. Hsbc expected to take a pre tax charge in the second quarter. Also investigating ericsson for possible corruption this china. The company is declining comment other than to say it is cooperating. Lets get back to the broader markets. Joining us now an stas oia. Youre ticker safe. I checked with becky. Yes we are both there. About whether it was safe to actually think that shes with child. Which congratulations. Because ive done it before. And ive had said wow, congratulations and the person said i had the baby a year ago. Right . You got to be careful. We learn from our mistakes. A virtual epidemic around here. You are okay. Right . Anything that you need to tell us . Totally confused. Never mind. Where are we as i say, congr congrats. Where are we on this point . Farking into the Investment Decisions . Absolutely. The only thing that frankly mattered if are the last week and a half. Its all been around brexit odds whether increasing or declining and you see that baked into the market vt we really need to see rates move high sore its all been about the brexit. The show that was on before us. Wilfred was asking one of the guests about the gdp estimates between now and 2030. How what . Yeah. How it would change if there was a vote for brexit. Anything that im asking that can you connect the dots to how a brexit, would it eventually rip sbool ripple into the u. S. Economy . I think the impact would be somewhat minimal. We actually estimate the so many dots to finally figure out how it would effect. But you know what it is joe, it is not just the trade issue or a confident issue but the one im watching very specifically is the financials issue. So one of the things we worry sa about if there is a the negative outcome a brexit vote, then what happens to the uk and the Financial Sector and what happens is funding costs go up. Those banks have struggled so hard to restore profitability and this is immediate hit to that profitability. That is what weve seen in the financial crisis and other instances of contagion. All going through that Financial Sector. And people say it could mean the slow steady dissolution of the eu. Could that eventually effect us in terms of exports . Even that, even if there wasnt a eu i still have trouble bringing that home. It is uncertainty i guess. But is that a big deal thinking all brexit all the time. I think it would individual companies that have exposure to the uk. My gang in london thinks it is going to be a photo finish here but they gave tip of the hat to remaining. I think if that happens you get a rally to new alltime highs this the s p 500. And so we get this out of the way and off to the races for the averages here. This is whats holding it back . Yeah i think the advance decline line, the normal and operating company only a advance decline line which rules out the interest sensitive and closed in funds and things like that, have traded out to new alltime highs. The on ambulance volume favors the upside here. If you look at the new highs very new lows. Lopsidedly in favor of new highs on a daily basis. So when the indicators are strengthening and the indices are weakening, that is bullish. When the indicators are weakening and the indices are strengthening that is bearish. My model still says were going trade out to new alltime highs. I think brexit is one of the issues that have weighed on u. S. Stocks but really not that much because were you have a 3 or 4 off the highs i think the other issue with u. S. Stocks is whats going to happen with june payrolls. Apparently the fed never ever going to raise rates ever again. I joke of course. I think september is when they do. But if we do get another lackluster payrolls report it is going to be very challenging for stocks to make new highs i think. The bund today, i dont know it was on one or the other side of zero but basically zero. Is that partly brexit as well . So we wont go to negative in this country. Whats baked in right now is the question have the brexit negative outcome we have the ecb thatti thatses policy. A and. Any comment . We talked about the dow theory sell signal in september. Do you want to talking about negative Interest Rates . Yeah. I think whats going on in the bond market in this country is all about capital flows. Ive talked to accounts over in germany and they figure it is better to get 15 or 20 basis points over here than negative returns on a shortterm basis in this country. Whats going on here is all about International Capital flows. Thanks jeff. September. Ahead of her. Just by a few weeks. By a few weeks. Because i too close to call. [ laughter ] dangerous ground. Danger. Back up. Too close to call. Pretty darn close. Both of you. We are within a few weeks. Yes. He top lined me. Yes weve talked about. I always try hide it up until this point. But i think Everybody Knows now. And okay. Before we go to a break. Quick sports news for you. I dont know what you guys are doing on sunday night but i now know what im doing. Lebron james and the cavaliers forcing game seven. The warriors never led at any point in game 6. Lebron racked up his second consecutive 40 point performance. And e steph curry got ejected after throwing his mouthpiece into the crowd and berating a official. Game 7 sunday night 8 00 p. M. Eastern standard time. And twitter. You know, steph curry has like 300,000. Thats like the trending. And there is a history of mouth guards. Other people have gotten suspended for the next game. But that is not going to happen try that dpsh. Yeah good luck. The great shot i saw 9 00 start but when lebron blocked that one start. He was like dont really . You are going too try that with me standing next to that is such great look. Im telling you lebron is easte earning a lot of fans. When we come back a bad start to the year for gm shares. Down, despite the companys upbeat guidance. Dinner may i be excused . Get the new xfinity tv app and for the First Time Ever stream live tv, watch on demand, and download your dvr shows anywhere. Gm saw record profit bus the stock is down about 14 year too date. Got the chance to speak to Ceo Mary Barra about whether she is frustrated about how wall street is valuing the company. We do feel the stock is undervalued but we also really focus on what we control. So really working to improve the business, put out great cars, trucks and crossovers and invest in the future and it will correct over time. Part is an industry issue. There is so much concern in the u. S. And we understand that is kind of an overarching issue for the industry. We are just going to keep performing. I do think it is an industry issue. Weve talked to a lot of people in the industry. Weve talked to mike jackson of auto nation. One thing he thinks as a whole is they are setting production targets that are overly optim t optimistic and as a result eventually some of the u. S. Auto makers will have to offer bigger and bigger incentives to sell the number of autos they are producing. What do crow say to that is this. I think from a u. S. Perspective people have been behaving fairly rationally. At General Motors we only produce what the market is asking for. We keep that discipline. We keep that discipline with incentives and the change that were really driving to lessen our involvement in fleet, especially the less profitable fleet, and get that in balance. So it strengthens the whole business, that retail share and were growing retail share. Even this year weve seen good growth it. Strengthens the business and residuals. So there is fundamentals that you have to watch every sale is not equal. And that is what were focused on. When you do that, when crow do things like get rid of some of the Non Profitable sales or ones that were about very profitable, things to the rental fleets, it ends up impacting market share. Last i red was the lowest in decades. Buzz that bother you . Of course we want growth and profitable growth but you cant just look at share at one point in time i think. From our portfolio we have a lot of new products coming. I expect that well continue to see improvements there. But the fact that weve been able to grow retail share over a half a point,. 6 points since the beginning of the year, i think that is really important growth. When you talk to somebody like a jamie diamond said earlier this month or jamie cha know said this week that they are concerned whats happening this the retail space. Not talking about gm or anything specific but broader trends in the industry. What do you say to people start to worry and when they see whats happening and who the loans have been going to. We purchased seven years back amari credit and that was in b subprime. We also i look at metrics on a monthly basis whats happening there. And we are seeing. We are not see iing increase in defaults. Were seeing a little delinquencies but then it is correcting itself. Something we watch and adjust on a monthly basis. Much more from her talking about whats been happening in the industry wlarks they do see coming what they think about the economy and what in terms of sales. All that later. And were going talk about the potential fallout next weeks brexit vote. On businesses in the uk and the european continent. Wilfred frost joins us next. And reaction to last nights game from the manager of sports illustrated. And take a look at yesterdays s p 500 winners and losers as we head to break. Became a stay over. And a parade rained on the sales teams parade. And they still made the meeting, without actually going to the meeting. Before any of this, cdw orchestrated a mobility solution, using the hp elite x2 1012 with intel core m vpro processors. Mobility by hp. Orchestration by cdw. Jake reese, day to feel alive jake reese, day to feel alive jake reese, day to feel alive in new york state, we believe tomorrow starts today. 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What a vote would mean if the vote is to leave, what that might mean for the u. S. Markets. Wilfred frost joins us at cnbc headquarters. And i know you e spend a lot of time thinking about this. I do indeed. You say that as if it is a geeky thing. I suppose it is. But it is also a very im