Its a remarkably simple process, folks. X marks the spot. More than 46 million eligible voters expected to select remain or leave, but look what they are facing. Torrential rain which experts say tends to favor the more determined leave camp. Look at these pictures. The London Underground is flooding, cars are submerged. People need to be rescued, but no matter what, the votes will be counted by hand and official results made public early friday morning. Weve got both sides of the vote covered. Fair and balanced. The foreman u. S. Ambassador to e. U. Says if former u. S. Ambassador says the outcome is crystal clear, but billionaire businessman john mills says gotta go. Both of these gentlemen coming up. And the Supreme Court dealing a major blow to president obamas legacy on immigration, setting up a major battle on the 2016 campaign trail. Which candidate will best use it to their advantage. Were less than an hour to the closing bell, advantage bulls. Lets start can the countdown. Mucking. Liz and 118 minutes are now left before the doors slam shut at the polls in the u. K. When you look at our lower ticker at the bottom of your screen, you can see the market has pretty much all but priced in the remain in the european vote. This rally, were calling it indicative that the sentiment swinging is more widely at this hour toward britain Holding Tight to its e. U. Membership card. The dow jumping 174 points, high of the session, up 193. So how are investors and traders adjusting their portfolios . U. S. Financials are pretty hot names at this hour. Money moving into bank of america, jpmorgan, goldman sachs, citig stanley, everyone up 2 or higher. Gold, which is looked upon as a brexit hedge for many investors, settled lower for the fifth day in a row. We have gold stocks all moving lower by anywhere from a fraction to one 1. 75 . Not massively huge moves here, but gold itself is at a two week low. And take a look at what has tradition traditionally always been a volatile name, micron jumping 10 after susquehanna this is all it took . Susquehanna raised its rating from neutral to positive. As of right now, micron is one of the biggest movers in the s p 500 right now, today. To the british exit vote, team fox business coverage. The best experts on this. Charlie gasparino on the ground in london, and adam shapiro has e. U. Reaction in berlin where europeans are anxiously awaiting the outcome. What are we looking at here . Who will brave the rain . And when i say rain, i mean a lot of it. A months worth of wet in just a matter of hours as british voters slog their way to the polls on this big decision day. Flash flood warnings were issued in parts of southeast london as well as essex. Look at this radar right now, the heavy green is heavy rain. By the way, we should tell you that Fire Services have taken some 550 emergency calls as a result of the downpours, and to make matters worse, the weekendlong glassen bury Music Festival has kicked off. Musicians from coldmakers adele, cyndi lauper and Art Garfunkel expected to perform. Concertgoers, well, theyre used to mud and jumping and wearing tie dye, but theyve been the stuck in traffic 14 hours just to get there. The festival founder has come out in the support for remaining in the e. U. Crowd, our troops on the ground have taken the temperature of the thames and are listening to where the citizens stand. Staying in. Why . Because i just think that weve got the world faces a huge number of problems, and europe definitely faces them as well. Personally, i think we need to unite together to overcome them. I dont really see the lets look after britain and let everyone else look after their own troubles. I much purchase were in it together. Out, without a doubt. Why . We havent got [inaudible] lets support businesses that are collapsing and make people that have got businesses functional pay the price. And that comes across the to the consumer, and the consumer ends up paying more. Liz Charlie Gasparino joining us live from london. Charlie, a strong rally right now, but the guessing game is still in full swing on really how the markets will react to either outcome, and i dont think anythings a sure behavioral pattern, is it . No i mean, listen, you talked about banking stocks being up today. One reason why its up, its a hedge. Because a lot of people think, a lot of traders think if they brexit, if they leave, britain exits, thats good for u. S. Banking stocks as opposed to other Financial Institutions. So you can maybe see if there is a remain vote tomorrow bank stocks dip a little bit, you know, after digesting this news. I would just say this, if they remain, i think tomorrow will be a fairly muted day in the market. Im not saying theres going to be zero volatility, but, you know, if its a remain vote, particularly if its not close as bookies are saying, theres not much of a headline to trade off of. However, if there is a brexit, if there is a britain exit, because the markets are so priced in for this thing to remain, youve got to expect global turmoil. Im not saying this is why you should vote against it, im just saying the nearterm impact will be selling of the pound, selling of certain stocks, selling of u. S. Stocks that have, you know, some exposure over here. Theres going to be algorithms that are matching that where its just like a headline and a trade, so its not necessarily even traders, humans doing it. I mean, these are algorithms that are ready to rock and roll with. So the real rub arer meets the road on rubber meets the road on brexit tomorrow. I really dont think tomorrows going to be a crazy day if they remain. I think its going to be largely business as usual and maybe people taking some profits off the top. You might get some impact that way, but britain exit is where the rubber meets the road when it comes to the markets. Back to you. Liz Charlie Gasparino, live in london, thank you very much. Hes right, could be very muted if the vote goes to remain. And as we look at all thats happening in london, the vote may be in britain, but its impact will no doubt be felt all across the continent. Rampant peculation by everyone from economists to investors to politicians on whats the outcome and the Global Impact on markets and money. Adam shapiro live in berlin, germany, with the latest on the vote and how important it really is to the e. U. s biggest economy. Adam . And, liz, its very important to people who are in their late teens and 20s because their future is at stake. Weve been talking to those people right here in front of the brandenburg gate. Rachel is a student and also works at a think tank, and it brings together people of political science, young people. Let me ask you specifically, this vote is crucial to your future and the future of people your age. What do you thinks going to happen . Well, i dont know whats going to happen, i just really hope that the [inaudible] sort of my fellows in the u. K. Will vote for the u. K. To remain in the European Union. What do you think life would be like for you and your peers without the u. K. . Well, i dont know. I cant speak as a european citizen personally, i think which is really sad, many disadvantages because of, well, closed borders, again, difficult to apply for visas, etc. But sort of talking about someone whos interested in politics, i think the u. K. Should stay in the European Union because we need a strong European Union, especially in these really difficult times speaking of Many International crisis. All right, rachel, we appreciate you joining us. Stay right there. Liz, Angela Merkel had a press conference today, and she said, obviously, it would be better if the u. K. Stayed in the e. 9 u. , but theres going to be a summit of e. U. Leaders. It will take place regardless of the outcome next week, and, to of course, mr. Hollande from france will be coming to berlin before that summit to meet with Angela Merkel. You have the three largest economies as part of this discussion right now. You have germany, then, of course, number two would be the u. K. , they may or may not be a part of this discussion and then france, which is number three. So theres a lot on the line not only for the e. U. , but the future of people like rachel. Liz yeah, absolutely. Its the people, its the money, its business. And we are on it. Adam shapiro, thank you, live from berlin. In just minutes the former u. S. Ambassador to the European Union, c. Boyden gray, on if people vote with their heads over their hearts, how this vote will go. He says it better stay. That coming up right now. Tripledigit confidence for the markets though. The bookies, and we just checked this is one of the u. K. s largest betting companies are placing the odds at just 19 percent that the u. K. Will ditch the e. U. People at the polls may call it a nailbiter, but these betters are saying it will be a stay vote here. So whats the trade in the final hour before the u. S. Markets close . To the floor show, traders at the new york stock exchange, cme and the nymex. Keith bliss, looking at the trading action today, it really looks like its going to be a stay vote. Either way, i want to spin this forward. What happens tomorrow . Well, i think what happens tomorrow is, again, if its a stay vote, i think the response to that certainly will be muted in the markets. Weve already priced that in. The pound dollar pair will probably get a little bit of a bump up. We have the pound almost to an overbought situation right now. But one of the things thats not being reported is tomorrow is one of the heaviest trading days of the year where the ftse russell indexes are reconstituted. Liz thats right. If we have a leave, then the volatility will spike tremendously because you have people trying to rightsize their portfolios against the newly constituted indexes along with the roll tilt that will come with volatility that will come with, gosh, we dont know whats going to happen. Certainly, people are betting thats not going to happen, and i think the trade is going along that way. Of course, as you know in Great Britain they cant publish exit polling until the vote is actually over, so we really dont have a very good idea which way its turning except for interviews by charlie and adam when they meet people on the street. I think right now its probably a safe bet that the market thinks that theyre going to stay. All the indicators are that it will stay. Liz exactly. I think tomorrow well be fine. Liz its a very regional emotion here. For example, bristol, which is certainly an important part of u. K. Economy. Bristol is more of a leave vote when it comes to certain areas like that. Chris robinson, volatility is dumping out out, down about 14 for the vix at the moment. And the socalled brexit trades like gold are going south. Not too dramatically though, but tell us what youre seeing as far as the flows are concerned. Where are your clients . Where are the traders going on that pit behind you . Actually, i think you saw the peak of the fear trade, like, last wednesday thursday. You have bonds making new highs, and then you saw gold, golds actually at its selloff. Its had a 100 rally, weve had a 50 break. So were sitting right in the middle there, thats sort of the fear trade. But you saw a big move thursday from the lows to the high in the stock market. A lot of people sold the stock market, were now 1. 5 away from record highs, and weve been here for about a year. Weve been trading in this range. The markets liz okay. Does that mean, chris, let me jump in. Does that mean that the market is coiled and ready to spring in one direction or another . Right. I mean, were either going to make new highs off of whatever happens off this vote, or were going to fall back into the trap weve been in for the past year where we break 4 or 5 , then we challenge these highs again. Weve been stuck for the past year, cant get through 18,000 on the dow, cant get through 2100 in the s p, so were right there. You know, interesting, this vote may be something that would actually push us higher. You just never know, because youve got money which is searching for yield, and the yield is in the stock market. The s p liz somewhere else. Plus you get the inflation bump. Liz okay. You know, when youre looking for yield withs, you might be looking at oil names and, jeff grossman, the entire energy patch is slightly higher, oil has a bit of a gain here. You know, when saudi arabia simply says, oh, the oversupply problem is now moderated and its over, i dont think anybody believes that. I happen to believe it. As a matter of fact. Liz we found one. He believes it. [laughter] i believe it. The truth be told, were certainly a wellsupplied market, but were not that oversupplied here. We also have demand increasing here. And if you look at the market, it has behaved beautifully in the last few days. This british vote has been more of a catalyst to the upside here because the stay vote seems to be very positive to all the markets here. Oil is, lets say, along with it right now. I would say this, you have to say now were talking about the low 50s here by the end of this month. No problem there whatsoever. We absorb some very mediocre reports this week, and the market is still behaving well. I see it as a healthy market on the way up. Not a ridiculously oversupplied one. Liz couldnt disagree more, but thats what makes television i like that. [laughter] liz jeff, well see you next time. Well battle it out. Chris and keith too, thanks so much. Were looking with 45 and a half minutes before the closing bell rings, a market that is just really charging ahead. The dow is up 170 points right now. Up next, we introduced you yesterday right here on countdown to a true american hero, a marine who sacrificed so much. What she did and what she got last night. The amazing gift to make an injured veterans life so much better. Its a great story. And, yes, it involves geraldo and sean hannity. And should they stay or should they go, less than two hours before voters in britain are finished with casting their votes, former u. S. Ambassador to the European Union c. Boyden gray on which side of the vote would be in americas best interests. More countdown on the way. Stay tuned. Okay, ready . Whoa [ explosion ] nothing should get in the way of the things you love. Get americas fastest internet. Only from xfinity. By switching to xfinity x1. Rio Olympic Games show me gymnastics. X1 lets you search by sport, watch nbcs highlights and catch every live event on your tv with nbc sports live extra. Im getting ready. Are you . X1 will change the way you experience nbcuniversals coverage of the rio Olympic Games. Call or go online today to switch to x1. Liz lets count it. One hour, 38 minutes now left until the polling booths slam shut in britain. U. S. Stocks are rallying as investors expect that britain will probably stay in the European Union. But there is this standard poors, the ratings agency, is warning folks that britains aaa rating could be swiftly downgraded if it votes to leave. How devastating would an exit be not just for the u. K. , but for the rest of the European Union and here in the United States . With me now in a fox business exclusive, a man with the inside track to all the workings of the European Union, former u. S. Ambassador to the e. U. Boyden gray. Ambassador, how bad could it be for the European Union . Please, we hear so much i dont mean to call it propaganda, but on both sides of this, wed love to hear the real story on how bad it could be for the European Union if britain says, forget it, were out . Well, there are two big problems. First is that englands exit could encourage other countries to think about leaving themselves, and then you could have a spiral downward of the union itself as a Single Market which would be a terrible thing for all the countries involved, including Great Britain. And then i think secondarily, england would or the European Union would lose the most forceful advocate for free markets and Economic Growth other than germany itself. And losing england would be a blow to germany and a blow to the entire continent because of their advocacy of greater Economic Growth which is badly needed in europe. Liz well, look, lets just say they remain. Should it not be a big enough scare, jump scare to brussels, to tell brussels and the European Union, you guys almost lost england. You better do things to make it easier for businesses to run in the European Union and the u. K. , because weve got a businessman coming up, hes a billionaire. Hes on the other side of this, and he said that businesses are choking on the red tape. It takes Something Like six months to open a bank account. Its very hard for manufacturers to get going and to actually hire people and do things. Now, shouldnt this be a wakeup call to the European Union theyve got to streamline things . Well, i certainly hope its a wakeup call. I certainly hope they understand it that way. Thats certainly what we would hope they would see and that we could work with them to improve growth in both continents. We have a regulatory problem here in this country thats very bad. It may not be as bad as europe, but its bad. And the two of us need to combine forces to put a stop to all of these barriers to growth for small business, for entrepreneurs and for innovation. Liz well, then we come to things like the membership. You know, the membership cost i believe for the u. K. Is Something Like 20 billion pounds which is more than 22 billion. Why do you have to pay for a membership in or at least streamline that as well. I think theres this because were a business network, thats why i keep hammering this issue. We want it to be easier for companies to grow, to be created, to hire. And that kind of issu