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Good morning and welcome to a very special edition of Worldwide Exchange. We are live in london today. I am sara eisen. It is a new day in the uk. It certainly is indeed sara. Im wilfred frost. A very warm welcome to london from me as well. We are across the river thames on the day that uk voters have backed an exit from the European Union. Trait to the the Market Reaction which is severe. The center of the storm t british pound plunging overnight to a level we havent seen since back many 1985. A record fall for the currency. Currently trading at 138 wilfred before many people here went to bed...

Committed to it, simon. Stability is the first thing that you need, after you lose the bullish momentum you have carried in the marketplace since february, markets dont go straight, bullish to bearish in terms of trends. First thing you want is stability. So hang on. Isnt there a Short Covering element, when youve made so much on the shorts before you get to oh, i dont know necessarily that this was a market that can be described as short, just three days ago. A market that actually was very long and youre seeing positions being neutralized. So i dont know that thats the case. As i said, i thi...

Thing but a combination of factors. Housing data was strong. Oil prices went up. New highs for the year. And there seems to be an increase in confidence that higher Interest Rates likely wont hurt stock prices very much, if at all. The Dow Jones Industrial average climbed 213 points to close at 17,706. Nasdaq added 95. And the s p 500 rose 28. Ari thompson has more on todays big gain. Reporter stocks finished strong on the back of a big gain in aprils new home sales and the back of strength in the european markets. The u. S. Markets rallying from the opening bell. This after a new poll showed ...

Ors. G but a combination of housing data was strong. Ri went up. New highs for the year. And thereeems to be an increase in confidence tha higher Interest Rates likely wont hurt stock prices very much, if at all. The Dow Jones Industrial average climbed 213 points to close at 17,706. Nasdaq added 95. And the s p 500 rose 28. Ariho hore on todays big gain. Reporter stocks finished strong on the back of a big gain in aprils new home sales and the back of strength in the european markets. The u. S. Markets rallying from the opening bell. This after a new poll showed that britons are less likely t...

Herera. Im Bill Griffith in for Tyler Mathisen coming to you this evening from the New York Stock Exchange where stocks were battered today by the United Kingdoms unprecedented decision to leave the European Union. Government bond yields plunged today. Oil prices cratered. The Financial Sector especially had its worst day since 2011 as the Global Markets entered a tailspin. When all was said and done the Dow Jones Industrial average lost 611 points, 17,399. Its eighth largest point loss ever. The nasdaq fell by more than 200 points. The s p 500 dropped 76. The s p now negative for the year, sh...