Broadcasting live to New York Bloomberg eleventh to Washington, d C. Bloomberg to Boston, Bloomberg Well Underich to San Francisco Bloomberg nine, to the countries, US General one and around the globe the Bloomberg Radio Plus Appen Bloomberg got Gone. This is taking stock. The European Union can trace its origins from the European Coal and Steel Community that was formed in nineteen fifty one. So after sixty five years, is the
European Union ready to retire? We'll find out on Thursday when the UK goes to the polls to determine whether it remain part of the European Union. You've got more details and we're going to find out not only what it means for the UK phim, but what it means for the future of Europe. Now, let's get to Charlie Pellant. He's in Bloomberg news room with a Bloomberg Business Flash. I thank you, Kathleen Hayes, thank you him to dial the SMP neztack. They are all advancing twenty nine minutes
to go ahead of the close on a Tuesday. Here stocks advancing sentiments susceptible to swings before Britain's vote later this week on its European Union membership. Energy producers and tech companies leading the SMP five hundred index towards back to back games. Equities climbing after zig zagging most of the day, bolstered by a third straight game for oil and gas companies, the longest in two months, even as crude prices drop. West Texas Intermediate crewed now down one percent,
falling fifty two cents for a barrel well. The UK Brexit vote is Thursday. Paul de Groi as a professor at the London School of Economics. He's also a former member of the Belgian Parliament, and he spoke about the vote with Bloomberg Television. When I look at the politics right, the political dimension of this and the longer term, then I'm saying, but wait a minute. The United Kingdom has in the past um all the time in a nation
that tries to block further integration attempts in Europe. Um. In fact, it has also been a force time to reconstructed. FED chair Janet Yellen, offering a subtle change to her outlook from less than a week ago, saying she and her colleagues are on watch for weather rather than when the US economy will show clear signs of improvement. Gold now down twenty three fifty ounds, dropping one eight percent, The tenure down four thirty seconds that yield one point
seven percent. SMP five hundred index up nine, a gain of point four percent. Dow Industrial is up sixty one, also a gain of point four percent, and two on Wall Street. Now, let's take a look at other news from around the world. Thank you, Charlie from the Bloomberg News room. I'm Jill Schneider. This news update is brought to you by the Jeep Grand Cherokee, the most awarded suv ever. The Grand Cherokee continues to raise the bar with its luxurious interior and legendary four by four capability.
Drive one at your local Jeep dealer today. The Clinton Foundation was among the organizations breached by suspected Russian hackers in a dragnet of the US political apparatus ahead of the November election that, according to three people familiar with the matter, reckless and careless. Those are the words presumptive Democratic nominee Hillary Clinton used today to describe Donald Trump's economic policies. Clinton warned a crowd in Columbus, Ohio. Trump's
fiscal policies would spell disaster for America. Is this who you want to lead us in an emergency? Someone thin skinned and quick to anger, who would likely be on Twitter attacking reporters or bringing the whole regulatory system down on his critics. By partisan group of lawmakers on Capitol Hill today announced a proposed compromise for a kind of no fly no by gun control rule that would bar people on the no fly list from getting weapons. South
Carolina Republican Senator Lindsey Graham supports the legislation. This sort of makes sense to me. I own an a R fifteen. Uh, if you're on this list, it doesn't bother me one bit that you can't buy one right away. Attorney General Lauretta Lynch visited with relatives of victims in the Orlando massacre today, telling them we stand with you. Lynch called
it a shattering attack on our nation. Global news twenty four hours a day, poward by more than twenty hundred journalists and analysts in more than one hundred twenty countries. From the Bloomberg newsroom, I'm Jill Schneider. This is Bloomberg Charlie, and we are brought to you by SAGE Summit, the world's largest gathering of small and medium businesses, featuring Sir
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The latest polls show that the gap has narrowed once again between those who may vote to stay in the EU and those who may vote to go. But it's not just a question for the citizens of the United Kingdom and their policymakers. It's a question for all of Europe because certainly one of the complaints that has been heard is that this is a European Union that's not doing what it was set up to do, and it's better for the United Kingdom to go joining US now.
As Irene Finel Hanigman, she's Agent Professor of International Affairs at Columbia University. Irene, welcome back to the show. Thank you delighted to be back. So you have been You're originally from France, and you have a student and and and and and an economist and done so many things that have to do with Europe. How do you just sit back? You iman kind of a gas that this
may be happening. I'm very sad that it's happening, and hopefully it will not happen, but I am not that surprised considering the extreme amount of political volatility anti EU and anti euro sentiment across factions in Europe. Uh, and the fact that with the migration crisis this has all now come to a head. So hopefully this can be resolved. But it is not unfortunately surprised now, Irene, I just want to get your thoughts on what would happen regardless
of which way UK voters decide on Thursday. Does something have to change in the way Europe runs itself? Absolutely? Um. I think the first thing is that even if the UK stays in and the markets calmed down and we're moving forward, the most important thing is that it's not be accepted with complacency, because there clearly will have to
be some institutional changes. They will also have to be a great deal more transparency and accountability coming out of politicians from all sides of the debate as to what exactly is the relationship between Brussels and the other countries within the EU. We have also been so focused in the last three or four years on the Eurozone that we have often forgotten about what all of this means
for the larger European Union. And I think this is going to have to be re examined and very carefully looked at in terms also of an identity crisis, because Europe right now is facing the existential crisis. An existential crisis meaning we don't know who we are anymore, meaning we don't we thought we were going to a path that would make Europe more democratic and more prosperous, but somehow we've gotten off tracker. Can we who are these Europeans?
Can you really expect everybody to be European in the same way? That's exactly right. And however, what is so interesting is that when you look at the responses among those who are twenty five and younger, in other words, who were literally born at the time of the Monstro
Treaty of the Storts started this. They still do think of themselves as European plus their national identity, but very sadly because of the sovereign debt crisis, because of the amount of unemployment, the fact that so much funding has been cut for cross border education, cross border awareness. UH, there is even a sense of loss in a way, a sense of exactly a kind of loss of identity. And this is something that has to be brought back
to the surface. And this really falls back on the responsibility of politicians to start to explain, beyond data driven information, what are these real issues, where do they come from, why this is important and that has not been happening at all. Speak if you can about the military alliance that may or may not develop with the European Union Army. Well, I think this is what is often uh not abroad, I think out as much as it should is beyond
the economic issue. When we talk about the relationship between the EU and the UK, we're looking at legal accord uh basically packed uh integration on all levels of social policy, defense policy, security policy, environmental policy. And this certainly is an issue, particularly as the UK and France have come together much more closely in the last few years since Libya on defense policy, as this is also very much
an issue of NATO. So I think all of these factors now are at play and could in fact have to be either thought out again or redefined or at
worth renegotiated if Brexit came about. What do you put the odds now you've watched the polls UM, I think, as you mentioned, right after the tragic death of the young UM Labor member of Parliament, Joe Cox, it looked as if the remain UH group, the anti Brexit with doing much better right now from what I understand in the last few hours, it's again basically almost entirely even
between the Leave and Remain factions. Hard to know, I think to the very last minute, and even if the UK does remain, the vote will probably by by a very very tiny Martyre. Thank you very much for joining us. Irene Finell Hanigman is adjunct Professor of International Affairs at Columbia University. She is also the author of a cultural
History of finance. Speaking about Brexit and the vote this June Thursday, by the Populace of the United Kingdom, we'll see whether they're going to remain part of the European Union. You're listening to taking stock on Bloomberg Radio, wondering what to do with your investments in the midst of the FED getting more uncertain about the economy in a big gregsit vote. Bob Dohl is joining as from Nouvine Asset Management. He still likes stocks, and he'll tell us why on Bloomberg Radio.