Economics & Economy

Brexit vote rattles markets

Jun 24, 2016
Kim Adams

Global markets are already reacting to the decision by U.K. voters to leave the European Union. The “Leave” voters won by a tiny margin in Thursday’s referendum, edging out those who wished to remain in the political and economic union by just a few percentage points.

That came as a surprise to many, according to Michael Hewson, chief market analyst at CMC Markets in London.

“The betting markets had really been banking on a 'remain' vote," he said. "Certainly the direction of travel for equity markets and the pound had pretty much been a one-way bet all of this week.”


On today's show, we'll talk about the United Kingdom's decision to leave the European Union, with special coverage from London, Asia and Wall Street. 

Marketplace Tech for Friday, June 24, 2016

Jun 24, 2016

On today's show, we'll talk about Twilio's first day of trading on the New York Stock Exchange. Plus, we'll play this week's Silicon Tally with Katie Notopoulos, a senior editor at Buzzfeed. 

What's the mood in London after the Brexit vote?

Jun 23, 2016
Kai Ryssdal

Polls in the U.K. are now closed on the referendum vote that determines if the nation will exit the European Union. We won't know the results for a few more hours, but Marketplace's Stephen Beard checks in from London about how people are feeling now that the vote is over, the role weather has played and Wall Street's initial reaction.

Click on the audio player above to listen.


Amy Scott

The Supreme Court ruled Thursday that the University of Texas can continue to consider an applicant’s race as one of many factors in its admissions decisions.  The 4-3 ruling came as a bit of a surprise. The majority opinion was written by Justice Anthony Kennedy, who had never before voted to support race-conscious admissions.

“The decision is a home run for the University of Texas and a grand slam for higher education,” said Terry Hartle with the American Council on Education.