Economics & Economy

The future of the Bank of England's governor

Jun 24, 2016

On today's show, we'll talk about a drop in the value of the British pound following the recent Brexit vote; David Cameron's decision to step down as prime minister; and whether the governor of the Bank of England, Mark Carney, will remain in his position. 

What U.S. leaders have to say about Brexit

Jun 24, 2016
Greta Hallberg

The final votes were tallied early Friday morning and the U.K. voted to leave the European Union, rattling global markets. Here are the official statements about the news from major U.S. players:

The Federal Reserve:

What you should do when the markets go crazy

Jun 24, 2016
Kim Adams

Prepare for a lot of red today. Global markets are down in response to the U.K. referendum to leave the European Union. Some traders are saying they haven’t seen volatility like this since 2008, which can be a lesson for individual investors.

When markets go crazy, investors seeing sharp declines in their retirement or other accounts might feel the urge to sell and cut their losses. Jennifer Myers, a financial planner and president of Sagevest Wealth Management in Virginia, warned that people shouldn’t panic.

A look at Brexit's impact on Asia

Jun 24, 2016
Rob Schmitz

As it became clear overnight that Britain will be leaving the European Union, markets in Asia were the first to react. In Seoul, markets tumbled nearly 4 percent. The stock markets of Hong Kong and Shanghai were down. 

And in Japan, the Nikkei was down 8 percent. Stocks in the country suffered their worst day in five years.

At the start of the day, the yen was trading at 106 to the dollar — that dropped to 99 to the dollar as global investors sought a safe haven for their money, said Gavekal Dragonomics’ Arthur Kroeber.

Some still optimistic in the face of Brexit vote

Jun 24, 2016
Marketplace staff

The U.K. has decided to leave the European Union, casting uncertainty over immigration, trade and the world's financial markets. "Leave" voters won 52 percent to 48 percent, according to our partners at the BBC. 

But despite the turmoil that global markets and "Remain" voters  are currently facing, some business leaders are still projecting enthusiasm about the region's future. 

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