United kingdom. We now have to organize this separation, but we have to do this in the right order and following the rules which must be uimplemented. We also must maintain our relations with the United Kingdom particularly concerning questions of migrants, refugees. United king tomorrgdom and euro union now will have to undertake intense discussions about the tens to follow. I trust the fact that these talks will take place in a positive and pragmatic way. Meanwhile World Markets were in a state of disarray with the brexit triggering a significant downturn around the globe. Nic robertson is at downing street. Extraordinary day yesterday. Authorities sort of left the building behind you in a way. This is it all about who will replace David Cameron. Reporter his authority hasdy m mip diminished. Hes left the building. We understand hes in the Prime Minister residence outside the capital. But, yes, he no longer has the power that he had before he stepped out to the podium and announced his resignation and it is now all about who will replace him. Boris johnson who is one of the leading figures of the leave campaign has been jugged to be angling for the Prime Minister job for many year. He went to university with the Prime Minister, they were close friends. He was mayor of london for many years. But when he announced that he was going to be joining the leave campaign, strong rumors began then that this was availed leadership challenge and indeed it does seem to have come to this, his name is top mopping the list of possible leader of the conservative party. Perhaps he may be judged as too divisive for that role, but at the moment he does seem to be top of the list. Take rea may was in the remain oig camp stuck to the security line that britain was better off in terms its security by being inside the european up. Of course the home secretary, her role to keep british people safe. That is the line she stuck with. Could she emerge as leader. Shed long been seen as a leader towards a role like that. Definitely George Osbourne far too close associated with David Cameron and the remain camp. So all up in play at the moment. David cameron quite frankly looked shellshocked yesterday as he made the announcement that he would resign. He said he had campaigned for britain to stay within the eu with his heart, his head and his soul, but he said he wasnt the man to lead the uk into what will be these messy negotiations about how to separate from the eu but maintain trade deals and other deals that will allow this economic the story of the economy here to continue to grow. So how difficult is that separation process and deal making process going to be . Reporter i think a lot of that will depend on what we hear from the Foreign Ministers in berlin today. They will set the stage for how 17 of them will tackle this task. The six original Founding Member, italy, france, belgium, netherlands and luxluxemburg, t will set the stage. Part of their message is that they dont want to see further splinterings, they didnt want to see other countries spinning off, as well. So the they weres they may set are going to look they will want to set tough terms, but there a thought process here in britain that if you play this process relatively slowly, then you may get more favorable terms. So you already have a difference of opinion there. It appears that that is what will emerge. Slower is the british few at the moment, but still the potential that britain may get the special more preferential relationship. But we really dont know which way it will go. And i think even amongst european leader, they have to pig figure it out amongst themselves, how they will handle this. And its that lack of clarity which is worrying so many. Nic, thank you. Markets closed on friday and they will have a weekend of political maneuverings to digest when they open on monday. The brexit vote really did spark a massive bout of chaos. Alison kosik breaks down the numbers for us on what could happen next from the new york stock exchange. Britain has decided no more eu. And the fallout is staggering. Global markets reacted with a selling frenzy. Asian markets tanked on the news. Japans benchmark index hit especially hard down 8 . Stocks in london fell about 3 . Surprisingly stocks there still up for the week. The damage was much worse elsewhere in europe. German dax plunging 7 , its worst day since 2008. Here in the u. S. , the dow and s p 500 dropped about 3. 5 . The nasdaq fell more than 4 . It was the worst day since last august. But this may be the most stunning chart of the day. The british pound versus the u. S. Dollar, the pound plummeting to the lowest level, a level we havent seen since 1985. Here is the problem. Markets hate uncertainty. This yes vote caught markets off guard. Investors are running scared dumping money into gold and bonds and now there are a lot of questions for what this means for businesses, the uk and the global economy. Now the investors have the weekend to position it over. Was this frenzied selling an overreaction or just the beginning . Alison kosik, cnn, new york. Immigration was one of the biggest issues leading up to this referendum, many people think was the lynch pinchpin of leave camp success. A professor at the London School of economics joining us with we hope all the answers to so many of the questions. If you dont know, nobody knows. Such a lack of clarity and the result of the sort of mess we saw in global markets, what happens next . Well, what happened is the Referendum Campaign was like an asymmetric war. The two sides were not fighting with the same battles on the same issues. The remain camp never recognized what it was all about and the leave campaign recognized that it was about large sections of the population feeling very unhappy, very insecure, their Public Services were not as good as they used to be, their jobs were not as secure, their children and other members of their family were on zero allowance contracts. And so they were voting against the system . Yes. So that begs the question what will the impact on those who voted to leave be of britain leaving the eu . Is there any difference whatsoever . The awful possibility and tr is a really nice note in the Financial Times this morning is that if it is bad for anybody, it might be particularly bad for precisely the people who voted for it. That there is a whole range of areas where membership in the eu protected the rights of workers of pregnant woman, of the sick. Those people are not going to be better off. And if we speculate about what sort of a government we might have postcameron, three names that have been mentioned, none of them are to the left of David Cameron. He at least at one level represented or tried to represent a kind of caring conservatism. Goet, may, johnson do not. Theyre tough, theyre hard, theyre on the right of the party. Im interested in the logistics of it, as quell. How do we extricate ourselves. Is the government going to be using up all the parliamentary time that it could be using on other issues just to try to get this through and what is the lasting damage . Sgrts t sgrts. The lasting damage that you have implied, that it will push all things that most ordinary voters might consider really important. Standard of living, employment, Public Services to the side while all these complicated disentanglements from europe. And even this morning with hollan hollandes statement, reentanglement with europe. It sounds to me as if politicians or elected officials have been rather irresponsible. If those who voted to leave seem not to have actually understood the impact on them, that speaks to the point you made in the beginning which is neither chasm ever really had a cogent argument as to whether britain should stay or leave the eu. The suicide of that is that there seems to have been a vote about how people feel about their leadership. It seems a deficit of leadership at present, not just in the uk, but in the eu. Yes. A feeling that whatever is going on, its not of great benefit to ordinary people and the discussion is at a level which doesnt really engage with what worries them. If you listen to the remain campaign, it was always the times like an economic seminar. Very cogent, very well informed, but it engaging with the concerns of the voters. In many cases, no. Fascinating, isnt it. Analysis of why the vote went the way it did is very important for future politics because they will have to start addressing the needs of the country and they obviously didnt locate them before. And also important for those 75 i think of 18 to 35yearolds who voted to remain in the eu. It will be important in the end to provide an argument for them as they grow up theyre grown up, but as we move through. If the impact of the uk leaving the eu is damaging for their prospects, be we are come up with a ren wason why we voted t out. And if they want to go work abroad, go to foreign universities, it all becomes more difficult. Thank you very much, professor. Sco scotland may make its own exit plans. There is renewed talk of a potential scottish pullout from the United Kingdom. Plus, the leader of frances far right party is celebrating the vote to leave the eu. Mary le pen is also calling for similar in france. Details on that next. 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Some serious allergic reactions can occur. Do not take stelara® if you are allergic to stelara® or any of its ingredients. Most people using stelara® saw 75 clearer skin and the majority were rated as cleared or minimal at 12 weeks. Be the you who talks to your dermatologist about stelara®. Welcome back. We will take you straight to berlin where later on today, the Foreign Ministers of the six Founding Members of the European Union will be meet to go try to hammer out what they do next after the uk voted to leave the European Union. Atika shubert is standing by. What is the buzz . Reporter well, actually those Foreign Ministers of those core eu countries have met at a breakfast meeting this morning c and they are trying to figure out what to do flex. T next. The core countries want they them to leave as quickly and beenlessly as possible. The core them to leave as quickly and beenlessly as possible. Their main mission is to map out some way out of this and how to do it best by showing that no other eu country should attempt to leave the eu, make it clear to the uk that there will be no benefits. So most important part is access to the Single Market of the eu. So these are the issues that they are discussing. But the Sticking Point here is that while they can discuss and negotiate and come up with plans, nothing really moves forward until the uk submits its article 50, the official notice that it wants to leave the eu. And that will not happen until there is a new Prime Minister in the uk. And they will drag it out because they didnt want to rush it through. They know that it will be an absolute nightmare in terms of logistical extrication from the system, but those leaders want it dwelt with as quickly as poll. Could they not argue that that chapter has already been invoked and that the two year process has already started . Reporter well, what we will see is that even though legally the wheels arent moving yet, helped the scenes as you can imagine a flurry of negotiations and diplomacy. So it starts with the meeting today. West the eu will formally heat with the 27 members, not the uk, to discuss what to do now that the referendum is done and dusted. But ultimately its all negotiations and all trying to leverage for position at this point. And this is why the longer that goes on, perhaps it is in the uks advantage to try and get a better negotiating position. Its all about trying to get the best possible trade deal and what the eu wants to show is that if you leave the union, then you no longer get any of the benefits of accessing its Single Market and the uk will want to negotiate a deal that give shs kind of specialized access and well see a listening drawn out process that could take mochbts months if not year. And were also following countries that voted to overw l overwhelmingly voted to stay in the European Union. They are wanting to hold a unification vote in the wake of brexit. And a Scottish Referendum is highly likely. Phil black has the latest. Reporter democratically unacceptable, that and he out first minister of scotland described the possibility that scotland could be pulled out of the European Union after the people of scott land had voted so overwhelmingly in favor of staying with the European Uniono overwhelmingly in favor of staying with the European Union. 62 of scottish people voted in favor of that. First minister said it was clearly the democratically expressed aspiration of the scottish people to stay part of the European Union, part of the Common Market. And she was prepared to do Everything Possible to make sure that happened, including calling another independence referendum. Now, it was only back in september 2014 that the scottish people voted on the issue of independence. That vote decided that scotland should stay with the United Kingdom. Now the first minister says there has been material and significant change in scotlands circumstances. Through her political partys recent manifesto, she said under those circumstances, a second referendum would be reasonable. More than that, she now says that her government is already preparing legislation within the two year time scale that the United Kingdom has to disengage itself from the European Union. I can therefore confirm today that in order to protect that position, we will begin to prepare the legislation that would be required to enable a new end espn refer rep dumb to take place if and when parliament so decides. To conclude, this is not a situation that i wanted scott land or the uk to be in today. My responsibility in a claim of uncertainty is to seek to lead us forward with purpose. Nicholas sturgeon said they want to be outlard looking and conclusive and she felt it was inconceivable for the british ghoechlt government to stand in the way of another independence referendum if the scottish p parliament decided to proceed. The eu knows full well the decision could inspire other countries to follow suit, italys Prime Minister saying he intends to be a said e a stead influence. Reporter t translator theyre in a position to guarantee the security of saver respect. Italy is solid and today its role is to offer the solidity to other European Partners and to this end, we will work from tomorrow with the Foreign Ministers of the founding nations. That meeting already started of course. The president of the European Commission echoed those sentiments. He said the decision is done with and the eu must move forward accordingly. Personally im very sad about this decision, but of course we have to respect it. Across the english channel, leaders and the people of france also reacting to their neighbors vote to leave the European Union. Jim bittermann has more. Reporter it was clear from president hollandes reaction he did not want to witness its demise. Translator the choice of the british is a serious trial for europe. We need to show our strength, our solidarity and bring about the necessary responses in order to control the financial and Economic Risks in the departure of the United Kingdom. Reporter the leader of the extreme right party applauded the vote and called for a similar vote in france. Translator the british people have brought the european people and also the entire world a real and great lesson in democracy. Not to give into fear, not to give into the apocalyptic prediction, and they chose a path of freedom. Reporter but not all agree that the british vote was so positive. Those who long follow the construction of the European Union were saddened by the result and understand its implications. Its a loss for europe as a whole. We need more democratic legitimacy, more accountability in europe at this stage and it clearly called for the parliament to have more say. Reporter some here directly blame the british Prime Minister for what they call a catastrophe. The problem today is not to punish the british for what they did. The problem is to integrate what their message was and what it means for us. Reporter and france so