Turmoil Erupts in Britain after Brexit Vote
CHRIS CUOMO, CNN HOST: Historic remarks aboard the papal plane.</s>UNIDENTIFIED FEMALE: Pope Francis says the Catholic Church should apologize to gay people and seek forgiveness for how people have been treated.</s>ANNOUNCER: This is NEW DAY with Chris Cuomo and Alisyn Camerota.</s>CUOMO: My vote for buried lead was what happened on the papal plane.</s>VICTOR BLACKWELL, CNN HOST: Such a fundamental shift tonally. I mean, we've seen this with this pope before. And if the news happens on these trips, it's usually on the plane.</s>UNIDENTIFIED FEMALE: He continues to break ground all the time. He's not afraid to go there, as we say.</s>ALISYN CAMEROTA, CNNN HOST: Good morning, everyone. Welcome to your NEW DAY. Victor Blackwell joins us this morning. Great to have you here, Victor. All right. A lot of news to tell you about. Britain is in a state of political chaos this morning after the Brexit vote. Even the top supporters of Britain leaving the E.U. seem to be backing off some of their biggest promises.</s>CUOMO: Britain's Parliament is going to meet today to discuss the next steps. There's so much unclear here about how to move forward. You also have Secretary of State John Kerry heading to Brussels and London to discuss the transition. Let's begin our coverage with CNN's senior international correspondent, Nic Robertson, live in Brussels. To ask you what happens next is too big a Question, Nick. But just let us know the state of play.</s>NIC ROBERTSON, CNN SENIOR INTERNATIONAL CORRESPONDENT: The state of play is this. Secretary Kerry is going to arrive in Brussels today as a friend of Great Britain. That special relationship, he's talked about this weekend. As a friend of the European Union, the United States and the European Union will continue to have a good working, productive relationship, he's said. And he's going to try and, if you will, bring the two together. Right now, you have Britain on the one hand, saying it's not quite sure when it's going to go to the European Union to begin negotiating this exit. It could be October. It could be sometime after that. Politics are in disarray. And on the other hand, you have European Union leaders who are saying, "Hurry up, Britain. Get on with it. You've got to show good faith. You've said you want to leave the European Union. Let's begin negotiating this and get it done." And we have to recognize there is bad blood between Britain and the European Union over past negotiations. Britain, as well, has not been a fully paid-up member, if you will, of the European Union. It's not been showing the euro currency, and it's not been part of the free- passport border zone. So there is tension that already existed. That tension is what Secretary Kerry is walking into. When he arrives today, his priority is to lend some sort of stability to the situation. This is what he said.</s>JOHN KERRY, U.S. SECRETARY OF STATE: The most important thing is that all of us as leaders work together to provide as much continuity, as much stability, as much certainty as possible in order for the marketplace to understand that there are ways to minimize disruption. There are ways to smartly move ahead in order to protect the values and interests that we share in common.</s>ROBERTSON: But he's moving into a very tough situation. Britain is nowhere near in a position to do what the European Union is expecting of it right now. It's in political turmoil -- Victor.</s>BLACKWELL: Thanks. British Prime Minister David Cameron is convening with his cabinet after the Brexit vote. So how will Parliament address the political crisis? CNN's Richard Quest live at the prime minister's residence in London with more -- Richard.</s>RICHARD QUEST, CNN CORRESPONDENT: Victor, the cabinet meeting took place this morning, and the prime minister will go to Westminster. It'll be his first chance to brief MPs and not only on the result of the referendum but also his decision to step down in October. But he'll face a house where most of the people simply have no idea of the way forward. No road map exists. There are no instructions what happens next. The opposition on the opposite side of the house is in total disarray. And there are plenty of people on his own side of the house who are basically saying that the next prime minister must be dedicated to taking Britain out of the E.U. Put all that uncertainty together, and it is not surprising that once again the pound sterling is down sharply. It's off between 2 and 3 percent, trading at the lowest level since the early 1980s. And all the major markets in Europe are down, Victor. They are down about 2 or 3 percent. It's one word. It's uncertain; it's unknown, and it's simply fear -- Alisyn.</s>CAMEROTA: OK. Richard, thanks so much for explaining all of that to us so well. Well, the British pound slumping, as you just heard Richard say, to a new 30-year low against the dollar. Investors around the world rattled by U.K.'s decision to exit the European Union. CNN money and business correspondent Alison Kosik has a live look at the New York Stock Exchange. How are the markets looking today?</s>ALISON KOSIK, CNN CORRESPONDENT: You know, after a stomach-churning session on Friday, Alisyn, investors are looking to keep their heads above water. I'm not seeing the capitulation that everybody was worried that would happen today. If we go to London, as Richard was alluding to, you're seeing the London financial markets, they're dropping. Stocks in Paris and Frankfurt, they're slipping, as well. But in Tokyo, we did see a big rebound as investors there rushed into the Japanese currency. The other markets in Asia, they finished higher, as well. But get ready for some volatility for U.S. markets. Futures have been bouncing all around, still in the red. It looks like the Dow could on triple digits lower. So although it may seem that investors had a couple of days to think about the Brexit, I think what we're seeing is, yes, the shock has worn off, but the road ahead is going to be very bumpy. Don't be surprised to see more volatility as we see these big swings up and big swings down as investors try to figure out what's going to be happening in the U.K. and the European Union -- Chris.</s>CUOMO: Alisyn, as you know, we're just riding the wave here in the U.S. It's back in the U.K. and Europe where this is just starting to hit. So let's discuss with CNN chief international correspondent and CNNI- anchor Christiane Amanpour; and CNN senior international correspondent Clarissa Ward. Christiane, you know, I've been following your coverage on this for weeks. You were saying, boy, these promises from the Brexit leaders, this is going to be hard, this talk about immigration. This is deceptive, the economic fallout. This is going to be wide-ranging. Now we're starting to see it come out. What are you seeing?</s>CHRISTIANE AMANPOUR, CNN CHIEF INTERNATIONAL CORRESPONDENT: Well, what is absolutely extraordinary is really summed up in a tweet that's going around. It says, "We need a plan." The truth of the matter is we tried over and over again each and every time we interviewed the key Brexit leaders to get them to tell us a plan. And they didn't have a plan beyond slogans. Take back control. You know, cut immigration. All of that. And now we're seeing that they are actually backtracking. We don't know whether they'll re-track again. But right now in the aftermath of the clear volatility that we've seen, there seems to be a somberness, a little bit of fear amongst the Brexit leaders. They have not even come out publicly to address the people. We've had the remain leaders. We've had David Cameron. We've had the treasury secretary, chancellor of the exchequer, George Osborne, trying to stabilize the situation and say, "We will try." But Boris Johnson, Michael Gove, where are they? Boris Johnson has written an article in which he's backtracked on the whole immigration thing, basically saying that, yes, we can still be a member of the single market. This is the key underpinning of Europe, but it requires with it free flow of labor and free flow of people. And they don't want to do that. So we need a plan. There is no plan, at least none that we've been able to see. Coupled with that, the -- I'm afraid to say, what really did move this vote was the fear of the foreigner. And we're seeing anecdotal and unfortunate fallout, hate crimes and hate speech and racist attacks against certain members of the British Parliament. It's by no means wholesale, but it is anecdotal enough to worry and to scare people. So we've got that, as well. And we know that this could potentially -- and let's not take this as just rhetoric. This could potentially unravel the United Kingdom. Because Nicola Sturgeon is serious, and the leaders of Northern Ireland are serious. They have wanted for a long time in Northern Ireland to reunify with the South. That was their project from the beginning of the so-called troubles. This peace process that we have now is to them just a steppingstone to eventual reunification. And if they're, you know, out of the E.U. and the South, Ireland itself is in the E.U., they want in; and they want a vote to reunify. And with Scotland, the same. So there's a lot of uncertainty. That's about as certain as we can be right now.</s>CUOMO: We are certain of uncertainty. And that is an uncomfortable place to be. Then you look, Clarissa, at contextualizing what's happening in the U.K. to the U.S. Secretary of State John Kerry running over to Brussels to try to help negotiate a process that could take years. What are you hearing outlined to you as what the concerns are for the U.S. going forward?</s>CLARISSA WARD, CNN CHIEF SENIOR INTERNATIONAL CORRESPONDENT: Well, I think there's some major concerns, Chris, because historically, the U.K. is the U.S.'s direct line to Europe. It is the most important bilateral relationship possibly in the world. And what a world it is that we're now looking at: with an increasing assertive Russia, with the coalition efforts to fight ISIS in Syria and Iraq and Libya. There are more areas than ever in which the U.S. relies heavily on the U.K. and, of course, its European allies to fight terrorism, to stand up to Russia, to reinvigorate NATO. So I think that there's no sense of an imminent decline in the relationship, but what the concern is, of course, for the U.S. Is that Britain's standing on the world stage will be tarnished by this Brexit. If we see, as it looks very likely, a major recession in the U.K., if we see a possible push for Scotland to break away, for Northern Ireland to break away. If we see as we already are a major power vacuum in the United Kingdom, Prime Minister David Cameron basically out the door, pro- Brexit leaders not saying anything so far about what their new government and what their new policies will look like, and of course the Labour opposition party now resigning en masse. Everything you see here does not portend well in terms of projecting an image of stability of a country that is focused on this next chapter of its future. Of course, that is deeply concerning to the U.S. For all the many reasons that I just outlined, Chris.</s>CUOMO: Christiane, feel free to shoot this down. You always do. But there is a petition that's going around right now with 3.5 million signatures to have a second referendum. Legally speaking, this was a strange animal. Cameron created this referendum vote. He is the one who made it binding. It's not necessarily concretized within United Kingdom law. Is there any chance of a second referendum? Is there any going back?</s>AMANPOUR: Well, the leaders are basically saying no, but it is extraordinary. I mean, it's now 3.5 million plus. And it started almost immediately the result came through. So there's a lot of buyer's remorse. And there's a lot of concern amongst the remainers, obviously. It's considered unlikely. But you're absolutely right, that the Parliament itself is in a bind, because the majority of the British Parliament want to remain. Yet are they going to go against the democratic will of the referendum? So this is all incredibly difficult. But I think what's really important at this moment is this was the most one-sided argument in recent history. Every single major ally, major institution, scientific, academic, economic, business, the vast majority, the overwhelming majority, 99.99 percent of the argument was on the remain side. And the leave side simply said, "We just want to break free. We just want to control immigration. We want to get our country back," whatever that means. And now they're going to have to figure it out. That's what's fueling some of the fear. Because people are saying, OK, we did this but what's the plan? We voted Brexit, but what does out mean? Those are questions that nobody can answer right now.</s>CUOMO: Clarissa, let's end on this. What are the main priorities for the U.S. going forward?</s>WARD: The main priorities for the U.S. are to try to make sure that Britain continues on a path of stability, try to calm down the markets, try to urge the United Kingdom leadership on the Brexit side, on the remain side to come together, to show united front, to show that there is a plan ahead. As you heard Christiane say, though, right now there is no plan. And really, the is very little the U.S. or anyone else can do to change that until we hear from these pro-Brexit leaders, Boris Johnson, Michael Gove, all eyes on them now to take the leadership and to try to navigate the very uncertain and murky waters into this next chapter, Chris.</s>CUOMO: No matter where you are in the world, there is an immutable law of politics. It is easy to harness anger. It's very difficult to do anything with it once there's a mandate for change. Christiane, Clarissa, thank you very much. We'll check back with you -- Victor.</s>BLACKWELL: Back state side, Hillary Clinton is hammering Donald Trump over his reaction to the Brexit vote. And she's about to join forces today on the campaign trail with another fierce Trump critic, Senator Elizabeth Warren. CNN's senior Washington correspondent Jeff Zeleny is live in Cincinnati with more for us. Jeff, good morning.</s>JEFF ZELENY, CNN SENIOR WASHINGTON CORRESPONDENT: Hey, good morning, Victor. This populist concern that's growing in the electorate here in the U.S., as well, is another reason that Hillary Clinton is eager to campaign alongside Elizabeth Warren today here in a key battleground state of Ohio. It's also a moment for a bit of a tryout.</s>ZELENY (voice-over): This morning, Hillary Clinton and Elizabeth Warren to make their campaigning debut, testing their chemistry in Cincinnati. CNN has learned the Massachusetts senator is on a short list of potential running mates being vetted by Clinton. A choice that could potentially excite liberals and Bernie Sanders supporters to enthusiastically back a Clinton/Warren ticket. Warren has emerged as one of Donald Trump's harshest critics.</s>SEN. ELIZABETH WARREN (D), MASSACHUSETTS: A small, insecure money grubber.</s>ZELENY: Appearing with Clinton as she prepares a new line of attack against the presumptive Republican nominee.</s>UNIDENTIFIED FEMALE: Stocks tank around the world.</s>TRUMP: Brand-new sprinkler system, the highest level.</s>UNIDENTIFIED FEMALE: He's talking about his new sprinkler system.</s>ZELENY: The Clinton campaign releasing a new ad, slamming Trump's response to the U.K. split from the European Union.</s>UNIDENTIFIED MALE: In a volatile world, the last thing we need is a volatile president.</s>ZELENY: Trump, touring his new golf course in Scotland the day after the vote, calling the economic fallout a good thing for his business.</s>DONALD TRUMP (R), PRESUMPTIVE PRESIDENTIAL NOMINEE: When the pound goes down, more people are coming to Turnberry, frankly.</s>ZELENY: And comparing the outcome of the Brexit referendum to the same momentum that's carrying him to the GOP nomination.</s>TRUMP: People want to take their country back, so I think you're going to have this happen more and more. I really believe that. And I think it's happening in the United States. It's happening by the fact that I've done so well in the polls.</s>ZELENY: While rallying support on Sunday from the nation's mayors meeting in Indianapolis, Clinton cautioned against a Trump presidency.</s>CLINTON: Bombastic comments in turbulent times can actually cause more turbulence.</s>ZELENY: Now, all this comes as Clinton is leading in the polls. Two weekend polls, though, showing a bit of a conflict. The NBC News/"Wall Street Journal" poll gives her a five-point advantage. The ABC News/"Washington Post" poll shows her with a 12-point lead. In any case, they are campaigning as though it's a close race, and it is indeed one. That's why Hillary Clinton is back in Ohio for the third time in two weeks' time. But this time with Elizabeth Warren at her side. Alisyn, Elizabeth Warren is only one name. There are other names being considered as well. First and foremost, Tim Kaine, the Democratic senator from Virginia -- Alisyn.</s>CAMEROTA: OK, Jeff, thanks so much for all of that reporting. So can Hillary Clinton capitalize on the Brexit vote? Or will it help Donald Trump? We explore that next.