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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...

You dont have that direct evidence and you need this indirect evidence. Know your honor first of all i strongly deny the General Assembly engaged in discrimination but even in that discrimination case you have to prove the injury element is stronger when you have her results to when you are trying to prove her results test or maybe you dont think it does. I would have thought that was part and parcel to what you are saying in other words you are talking about the injury and the injury you have to show has to be stronger to coast you cant point it at any evidence of intentional. Your honor i ha...

Then earlier. So this is a trend we have been seeing as we get into august here. You see the nasdaq down. 5 . As it be at the lows of the session as well as the dow falls by 58 points today. I want to get to the highlights of what has been moving today. Oil has been on the list. Oil prices are plunging after we got the weekly inventory numbers showing an unexpected build in inventories. Ago, 41. 53. Down by nearly 3 . Putting pressure on energy stocks. In terms of earnings numbers we have gotten, tale of two retailers between ralph lauren and kors. Kors Beat Estimates but did not raises foreca...

Opposing forces in the market. The young moving higher. Still a lot of issues in europe. Deutsche bank getting hammered again. Jonathan are they really going to use the mexican peso as the proxy for who won the debate . There will be holes coming out. Dont worry. Alix we will have guests break it down through the program. We are looking at former u. K. Chancellor of exchequer george osborne. He will be joining us in his first tv interview since leaving government. It is a bloomberg exclusive. Will join usrack for the full hour. And before the u. S. Open, a discussion of all things election. A ...

Little bit of leadership. Getting this committee together, leading it. You have not heard from the fed chair for a number of months. Aboutif she doesnt talk a rate hike, where does she stand in the committee versus her peers . Before yellen, we hear from a slew of fed president s throughout the program. Robert kaplan, and Janice Lockhart joining us from jackson hole today. A big show as we can you down to yellens speech. Calm in the markets. Jonathan very much so. Markets go nowhere. That is the story for the last couple of weeks. Futures are dead flat. Is unchanged. A little bit of price acti...