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Van der bellen. it was on the fears of change. britain exiting the eu was a factor. nobody wants to see austria leave the eu and the trump election also played into this. many people worried about populous coming into power as well. the trump bump did not help the populous party here. >> atika shubert, thank you. a crushing setback for the establishment in italy. prime minister matteo renzi confirming he will resign today after suffering a resounding defeat in the referendum sunday. renzi's plan to reform the constitution and revive the economy rejected by nearly 60% of the voters. let's go ...

Voters favored h eed his pro eu rival. we have more on the closely watched election. it is interesting to see the anti-establishment catch on in italy where the prime minister announced he is resigning and the brexit. you saw the anti-establishment sentiment catch on. why didn't that happen in austr austria? >> reporter: what is interesting is both candidates are not mainstream candidates. one of them, norbert hofer, was very railing against immigration. this was his main campaign point. alexander van der bellen was basically campaigning for open europe to stay the course. then it was a decisi...

Section 1043. it allows them to defer paying capital gains tax as long as they reinvest in holdings within a certain period of time. those have to be government approved. u.s. treasuries or diversified mutual funds. this could be a perk for wilbur ross who with is worth billions. and treasury secretary steve mnuchin. a former goldman sachs partner and up until last week, sat on the board of a multibillion dollar company. they will have to divert millions to avoid conflict of interest. political up heefave al on e world stage. is this the final nail in the coffin for the eu? from his whatcha'...

Referendum of renzi's leadership, didn't it? >> reporter: that's right. it became a gamble he lost in spectacular fashion just as david cameron lost on membership of the eu for the uk when he tabled that brexit vote. a similar scenario. dangerous things to call for the politicians. that is the message coming from the italian people these days. for the investors in the building behind me, alison, the italian stock exchange. they are saying it was amazing. p p populism taking one step backward and one step forward overnight. this with 60% of the people eligible to vote voted against renzi as pla...

So glad to have you with us here on this sunday morning. a lot going on already and it's only 6:00 a.m. getting ready for a day. christi paul. >> i'm victor blackwell. 6:00 out east and 3:00 in the west. welcome to our viewers in the united states and around the world. this is "new day vaesunday." the breaking news that the ukrainian government has deployed troops across the country as the defense minister says ukraine does not have the military might to resist russia. >> the crisis is becoming more clear here. the u.s. firmly saying it condemns russia's envision and occupation of ukrainian ...