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i'm fredericka witfield. ♪ >> a historic moment for all of the world to see after 70 years, great britain has a new monarch. king charles iii was crowned today during a coronation ceremony at westminster abbey. the nearly 400-year-old crown was placed on his head officially marking him as the new king. >> god save the king! >> god save the king! >> also being crowned, a new queen. king charles's wife camilla receiving her crown during that ceremony. there was elation over the coronation in the streets of london. tens of thousands lining the streets to catch a glimpse of the royal f...

Sandringhamm and others are owned by them. there would be nothing stopping them from selling them tomorrow. >> what do the royals actually own? as heir to the thrown, prince charles became entitled to the income from the duchy of cornwall. it owns the cricket club. during his 64 years as the prince of wales, charles turned the duchy into a billion dollar portfolio. it gave him the financial muscle to pursue his passions for the environment and climate change. >> to my mind it's about balance and harmony. i feel if you push things too far, you will always create an equal and opposite reaction. ...

You see his ability to compartmentalize? >> first thing, the obsession with donald trump is his work ethic. he works harder than any other president we've seen in the white house in a long time. so he does get up early in the morning. but he knows how to focus -- >> when you say he works harder than any president, how do you know that? >> we know he gets up early in the morning and stays up late at night, and i've seen him on the campaign trail. i campaigned with him over a year, went to rally after rally. i've seen that work ethic, believe me, it's there. so as far as the focus, donald trump ...

Investors -- i've been in the business for 20 years -- what they tend to do is take their money and go home and not play anymore. then what happens you can have a very significant slow down, very rapidly as lawrence fink has outlined he is thinking the market could sell off significantly. >> patti ann: 5-10% by the end of the year. what would this do to the average 401-k? >> that is the thing. these issues hit home quickly. retirement accounts that are very important to people as they enter the age of retirement. when you have hundred thousand dollar portfolio and you are going to lose $10,000...