| By Derek Caney (@stax920)
Britain voted to leave the European Union. Prime Minister David Cameron resigned and will step down in October. Boris Johnson, the former London mayor who led the Brexit campaign, is the odds-on favorite to replace him. And global markets are getting slaughtered. Digits of the day: - The British pound is down 8 percent against the dollar. At one point, it was down more than 10 percent, its biggest one-day decline in history.
- The FTSE is down 4 percent.
- The Dow Jones Industrial Average futures are down 500 points, or 3 percent.
- Oil is down 4.5 percent.
Unless you're in gold (up 5 percent), bonds, or the dollar, you're pretty much screwed today. 
There wasn't much chance of the Federal Reserve raising interest rates imminently. And now, because of Brexit, there's even less of a chance. Donald Trump praised Britons. "People want to take their country back. They want to have independence in a sense. You see it with Europe, all over Europe." And there's so much more: Follow all the Brexit action here.  A British flag which was washed away by heavy rains lies on the street in London, Britain, June 24, 2016. REUTERS/Reinhard Krause
Around Wall Street - Shocked chief executives from Mumbai to Denver woke up to face tough decisions over how to respond to the Brexit vote. Big business – with a very few exceptions – has been strongly in favor of Britain remaining in the world's biggest trading bloc, primarily because of ease of access to 500 million European consumers.
- Central banks intervened around the world to try to calm plunging markets. The Bank of England pledged more than 250 billion pounds. The Swiss National Bank openly intervened in currency markets to weaken the safe-haven franc. Major Asian central banks were also said to be intervening. Central banks are concerned that market liquidity could quickly up dry from extreme swings, leaving the real economy without access to cash and financial instruments.
- Britain's 2.2 million financial industry workers face years of uncertainty and the risk of thousands of job cuts after Brexit, threatening London's status as Europe's premier financial center.
Around the country - Republicans scored a big win when the Supreme Court found itself deadlocked over Obama's plan to protect millions of immigrants from deportation, thus blocking the order. If recent history is a guide, the stalled cause of immigration reform could energize Hispanic voters in support of likely Democratic nominee Hillary Clinton.
- Disturbed by Donald Trump's presidential campaign, U.S. activists have purchased online advertisements, circulated petitions, put up billboards and even chipped in for an airplane banner to try to shame companies into dropping their sponsorships of the Republican National Convention in July.
- Congressional gun control advocates made a last ditch effort to advance a measure that would prohibit sales of firearms to people on terrorism watch lists, led by Senator Susan Collins (R-Maine). It failed.
Around the world - A violent storm in eastern China killed 98 people and injured hundreds as it flattened power lines, overturned cars and ripped roofs off houses in Jiangsu province.
- Ships manned by humanitarian organizations, and the Italian navy and coast guard helped rescue about 4,500 refugees as calm seas returned to the Mediterranean, prompting a surge in departures from North Africa.
- Indonesia said its halt on coal shipments to the Philippines will remain in place until Manila can secure its waters after seven Indonesian sailors were kidnapped, the latest in a string of abductions.
Today's reason to live: Mekons – Empire Of The Senseless |
没有评论:
发表评论