Skip to content
Bloomberg the Company & Its ProductsThe Company & its ProductsBloomberg Terminal Demo RequestBloomberg Anywhere Remote LoginBloomberg Anywhere LoginBloomberg Customer SupportCustomer Support
  • Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

    For Customers

    • Bloomberg Anywhere Remote Login
    • Software Updates
    • Manage Products and Account Information

    Support

    Americas+1 212 318 2000

    EMEA+44 20 7330 7500

    Asia Pacific+65 6212 1000

  • Company

    • About
    • Careers
    • Diversity and Inclusion
    • Tech At Bloomberg
    • Philanthropy
    • Sustainability
    • Bloomberg London
    • Bloomberg Beta
    • Gender-Equality Index

    Communications

    • Press Announcements
    • Press Contacts

    Follow

    • Facebook
    • Twitter
    • LinkedIn
    • Instagram
  • Products

    • Bloomberg Terminal
    • Execution and Order Management
    • Content and Data
    • Financial Data Management
    • Integration and Distribution
    • Bloomberg Tradebook

    Industry Products

    • Bloomberg Law
    • Bloomberg Tax
    • Bloomberg Government
    • BloombergNEF
  • Media

    • Bloomberg Markets
    • Bloomberg Technology
    • Bloomberg Pursuits
    • Bloomberg Politics
    • Bloomberg Opinion
    • Bloomberg Businessweek
    • Bloomberg Live Conferences
    • Bloomberg Radio
    • Bloomberg Television
    • News Bureaus

    Media Services

    • Bloomberg Media Distribution
    • Advertising
  • Company

    • About
    • Careers
    • Diversity and Inclusion
    • Tech At Bloomberg
    • Philanthropy
    • Sustainability
    • Bloomberg London
    • Bloomberg Beta
    • Gender-Equality Index

    Communications

    • Press Announcements
    • Press Contacts

    Follow

    • Facebook
    • Twitter
    • LinkedIn
    • Instagram
  • Products

    • Bloomberg Terminal
    • Execution and
      Order Management
    • Content and Data
    • Financial Data
      Management
    • Integration and
      Distribution
    • Bloomberg
      Tradebook

    Industry Products

    • Bloomberg Law
    • Bloomberg Tax
    • Bloomberg Government
    • Bloomberg Environment
    • BloombergNEF
  • Media

    • Bloomberg Markets
    • Bloomberg
      Technology
    • Bloomberg Pursuits
    • Bloomberg Politics
    • Bloomberg Opinion
    • Bloomberg
      Businessweek
    • Bloomberg Live Conferences
    • Bloomberg Radio
    • Bloomberg Television
    • News Bureaus

    Media Services

    • Bloomberg Media Distribution
    • Advertising
  • Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

    For Customers

    • Bloomberg Anywhere Remote Login
    • Software Updates
    • Manage Contracts and Orders

    Support

    Americas+1 212 318 2000

    EMEA+44 20 7330 7500

    Asia Pacific+65 6212 1000

Bloomberg Bloomberg UK
Switch Editions
  • UK
  • Europe
  • US
  • Asia
  • Middle East
  • Africa
  • 日本
Sign In Subscribe
  • Bloomberg TV+

    Bloomberg Markets The Close-

    Bloomberg Markets The Close

    Romaine Bostick breaks down the day's top stories and trading action leading into the close.

    Bloomberg Radio

    Bloomberg Businessweek

    Bloomberg Businessweek

    Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek".

    Listen

    Bloomberg Originals

    Bloomberg Businessweek

    Bloomberg Businessweek

    Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more.

    Also streaming on your TV:

    • Markets
      Markets
      • Deals
      • Odd Lots
      • The FIX | Fixed Income
      • ETFs
      • FX
      • Factor Investing
      • Alternative Investing
      • Economic Calendar
      • Markets Magazine
      U.S. Gasoline Prices Rise Above $3/Gallon First Time Since 2014

      Odd Lots

      There Are Signs of a ‘Second Chapter’ in the Pandemic Price Surge

      Ritchie Bros Industrial Equipment Public Auction

      Business

      Ritchie’s $6 Billion IAA Deal Gets Support From Major Shareholder

      Market Data

      • Stocks
      • Commodities
      • Rates & Bonds
      • Currencies
      • Futures
      • Sectors
      View More Markets
    • Economics
      Economics
      • Indicators
      • Central Banks
      • Jobs
      • Trade
      • Tax & Spend
      • Inflation & Prices
      Paul Krugman

      Inflation & Prices

      Nobel Economist Krugman Says Markets Too Confident Inflation Is Over

      Treasury Secretary Yellen Meets Canadian Finance Minister Freeland

      Economics

      Yellen Sees Low Inflation as More Likely Long-Term Challenge

      Ireland factory

      Economics

      Irish Economic Growth Jumps in Final Quarter, Beating Rest of EU

      View More Economics
    • Industries
      Industries
      • Consumer
      • Energy
      • Entertainment
      • Finance
      • Health
      • Legal
      • Real Estate
      • Telecom
      • Transportation
      Ex-NTT Boss Sued in UK Over Tainted Black Empowerment Deal

      Equality

      Ex-NTT Boss Sued in UK Over Tainted Black Empowerment Deal

      The London Watch Show 2022

      Pursuits

      Rolex Reseller Chrono24 Cuts Jobs as Pre-Owned Watch Prices Fall

      Featured

      • Business of Sports
      View More Industries
    • Technology
      Technology
      • Code Wars
      • Checkout
      • Prognosis
      BuzzFeed Inc.'s Listing Day

      AI

      BuzzFeed Smashes Records for Trading Volume on OpenAI Frenzy

      Hon Hai Headquarters As Company Release Earnings Results

      Technology

      Foxconn Hires Ex-Nidec CEO to Help Steer its Fledgling EV Arm

      Xiaomi Launch the Mi A1 Dual-camera Device

      Technology

      Architect of Xiaomi’s India Growth Departs From the Company

      View More Technology
    • Politics
      Politics
      • US
      • UK
      • Americas
      • Europe
      • Asia
      • Middle East
      Former U.S. President Donald Trump  Makes An Announcement At His Florida Home

      Politics

      Trump Secures Second Extension on Financial Asset Disclosure

      U.S. President Donald Trump Interview

      Politics

      Trump Used Records Requests to Get Look Behind Scenes of Talks Over His Taxes

      Featured

      • Next China
      View More Politics
    • Wealth
      Wealth
      • Investing
      • Living
      • Opinion & Advice
      • Savings & Retirement
      • Taxes
      • Reinvention
      US-EDUCATION-STUDENT-DEBT

      Living

      Key Part of Biden’s Student Loan Plan Carries Hefty Price Tag

      Phoenix HP

      Big Take

      Wall Street Is Losing Out to Amateur Buyers in the Housing Slump

      Featured

      • How to Invest
      View More Wealth
    • Pursuits
      Pursuits
      • Travel
      • Autos
      • Homes
      • Living
      • Culture
      • Style
      List Crowns Orfali Bros. Top Restaurant in the Middle East and North Africa

      Restaurants

      List Crowns Orfali Bros. Top Restaurant in the Middle East and North Africa

      Georgia O'Keeffe

      Pursuits

      $11 Billion and a Typo: New LIRR Terminal Etches Error in Stone

      Featured

      • Screentime
      • New York Property Prices
      • Where to Go in 2022
      View More Pursuits
    • Opinion
      Opinion
      • Business
      • Finance
      • Economics
      • Markets
      • Politics & Policy
      • Technology & Ideas
      • Editorials
      • Letters
      Wall Street Is Using Tech Firms Like Zillow To Eat Up Starter Homes

      Matt Levine

      iBuyers Bought High and Sold Low

      US-ENVIRONMENT-CLIMATE-DROUGHT

      Mark Gongloff

      The Colorado River Needs the Feds to Step In ASAP

      Congress Pushes Legislation To Ban TikTok From Government Devices

      The Editors

      Banning TikTok Won’t Do Much Good

      View More Opinion
    • Businessweek
      Businessweek
      • The Bloomberg 50
      • Best B-Schools
      • Small Business Survival Guide
      • 50 Companies to Watch
      • Good Business
      • Subscribe to the Magazine
      The Secret to EV Success Is the Software

      Remarks

      The Secret to EV Success Is the Software

      South Africaís Finance Minister Godongwana Meets US Treasury Secretary Yellen

      Remarks

      From ‘the Coin’ to High-Interest Bonds, the US’s Debt-Limit Options Aren’t Great

      Spanish-Speaking Streamers Are the Hottest Thing on Twitch

      Technology

      Spanish-Speaking Streamers Are the Hottest Thing on Twitch

      View More Businessweek
    • Equality
      Equality
      • Corporate Leadership
      • Capital
      • Society
      • Solutions
      Burden of Raising Kids Drives Korean Fertility to World’s Lowest

      Equality

      Pandemic Had a Lasting Impact on Children’s Learning, Study Finds

      Even on $100,000-Plus, More Americans Are Living Paycheck to Paycheck

      Equality

      Even on $100,000-Plus, More Americans Are Living Paycheck to Paycheck

      Featured

      • In Trust Podcast
      View More Equality
    • Green
      Green
      • New Energy
      • ESG Investing
      • Weather & Science
      • Electric Vehicles
      • Climate Politics
      • Greener Living
      • Cleaner Tech
      Abbot Point: Australia's Most Northerly Coal Export Port

      ESG

      Activists Ask Bondholders to Stop Funding Adani’s Coal Empire

      Italy's Prime Minister Giorgia Meloni Hosts European Council President Charles Michel

      Green

      EU Seeks to Simplify Rules in Global Race to Boost Clean Tech

      Featured

      • Data Dash
      • Hyperdrive
      View More Green
    • CityLab
      CityLab
      • Design
      • Culture
      • Transportation
      • Economy
      • Environment
      • Housing
      • Justice
      • Government
      • Technology
      Suburban Commuters As NYC 2021 Budget Faces $2 Billion Risks

      CityLab

      New Metro-North Rail Service to Penn Station Postponed by Seven Months

      Hertz Orders 100,000 Tesla Electric Vehicles

      Environment

      Denver Bets on Rental Cars to Boost EV Adoption

      Supervised consumption sites in the DTES give addicts who use fentanyl, opioids, crystal methamphetamine and other drugs a place to use

      Prognosis

      Vancouver Embarks on Bold Experiment to Decriminalize Hard Drugs

      View More CityLab
    • Crypto
      Crypto
      • Decentralized Finance
      • NFTs
      • Regulation
      • Technology
      Cryptocurrency ATMs in Hong Kong

      Crypto

      Should You Try Fidelity's Crypto Platform? (Podcast)

      FTX Co-Founder Sam Bankman-Fried Appears In Court

      Latest

      Sam Bankman-Fried Denies US Witness Tampering Claim

      Binance SOCIAL

      Crypto

      This Week in Crypto: Binance Mishandles Collateral, More Crypto Layoffs (Podcast)

      View More Crypto

Live on Bloomberg TV

CC-Transcript

  • 00:00Brexit obviously a key topic of conversation. And it needs to be featured. I say that but at least it featured in the communique although there seem to be differing views from global leaders as to how much it was discussed. What are your thoughts on where we are now in the Brexit debate how are you advising investors. Well in fairness I don't think we're actually advising investors. We have taken a view. I mean we've produced this which has taken a view that we will actually stay in. Having said that I mean when we're not a political house in the sense that we make the judgment and I think it's fair to say that there are so many elements to this discussion that cannot be quantified . I mean people say they're waiting for the facts. But I think even if they had all the facts that were available they would never rationally be able to decide what the best result was . Interestingly Scotland wants to stay in the EU. But I think it's because of the SNP that in fact we are having this referendum because of the shift towards the Conservative Party during the general election. And of course Cameron had already said that he wanted to well he would pledge to have a referendum . And if they won a majority and indeed they got a majority perhaps against the odds. So in fact they're now having and this is partly why I think the comments are so extreme in some cases. There's almost an element of desperation here. No one was expecting this to be the case. Alex Salmond saying just last night in fact on a TV debate that a Brexit could trigger a Scottish referendum by 2018 as well. Regardless of the outcome of this vote if it seems possible to even say that but regardless of the outcome is that where the conversation goes next. When do we get another independence referendum possibly what it means is that Alex Salmond probably has to die because it was supposed to be once in a lifetime and you know I think it was at one point whether there's other things coming out of the G7 that are of interest. Emma. So Shinzo I'll be making a bid to try and draw parallels between 2008 and the Lehman crisis and where we are in financial markets right now. Christine Lagarde not buying it it seems other global leaders are not buying it because it didn't featuring the communique he needs that for domestic reasons it seems regarding the sales tax. Do you see parallels. Well just just taking for a moment the whole issue around Brexit I think what's interesting with these arguments is that you have to make assumptions and again with the way the G7 sees the world they have to make assumptions . And I think for the Japanese it is a very difficult situation they're in. CHRISTINE LEGARDE of course is French and what's going on in France is not exactly conducive to sweetness and light. So there are there are issues out there which could prompt another sell off in markets. Obviously the Fed is controlling situation quite well through interest rate levels but we can't afford to be complacent .
  • NOW PLAYING

    Brexit: Extreme Commentary is Desperation, Says Franklin

  • 02:26:14

    'Bloomberg Surveillance Simulcast' Full Show 01/30/2023

  • 01:16

    SoFi CEO Noto Sees Profitability By Q4 of 2023

  • 01:48

    Tech Earnings to Watch: Apple, Alphabet, Meta, Spotify

  • 04:51

    There Will be Layoffs at Apple, Forte Says`

  • 01:24

    Bed Bath & Beyond Starts Emptying Stores

  • 11:41

    Ford Europe EV Boss Says Costs Coming Down

  • 01:35

    Krugman Says Markets' Certainty on Inflation 'Makes Me Nervous'

  • 44:51

    'Bloomberg The Open' Full Show (01/30/2023)

  • 02:22

    Ford Cuts Price of Electric Mustang to Take on Tesla

  • 02:18

    Yellen Says We're Not Seeing a Wage-Price Spiral

  • 02:04

    Fed May Have to Stay Higher for Longer, Jim Bianco Says

  • 02:08

    Citi's Bitterly Says US Economy Slowing, Fed's 'Medicine' Is Working

  • 03:50

    Threadneedle's Berry on US Markets

  • 04:51

    R Squared Global's Warner on Markets and Strategy

  • 01:26:32

    'Bloomberg Surveillance: Early Edition' Full (01/30/23)

Stream Schedule:

U.S. BTV+
  • U.S. BTV+
  • U.S. BTV
  • Europe BTV
  • Asia BTV
  • Australia BTV
  • U.S. Live Event
  • EMEA Live Event
  • Asia Live Event
  • Politics Live Event
No schedule data available.

Brexit: Extreme Commentary is Desperation, Says Franklin

  • Countdown

May 27th, 2016, 8:14 AM GMT+0000

Beaufort Securities Chief Investment Strategist Michael Franklin discusses Britain's upcoming referendum on membership of the European Union with Bloomberg's Anna Edwards on "Countdown."


  • More From Countdown

    • 08:51

      Federated's Orlando on U.S. Stocks, Risks, Fed Policy

    • 03:05

      What Is the Biggest Worry About Brexit?

    • 03:39

      Has China's Ability to Support Growth Increased?

    • 03:08

      Why Some Investors Are Having Second Thoughts on Japan

    All episodes and clips
  • Bloomberg Markets

    "Bloomberg Markets" is focused on bringing you the most important global business and breaking markets news and information as it happens.
    More episodes and clips
    • 01:16

      SoFi CEO Noto Sees Profitability By Q4 of 2023

    • 01:48

      Tech Earnings to Watch: Apple, Alphabet, Meta, Spotify

    • 01:35

      Krugman Says Markets' Certainty on Inflation 'Makes Me Nervous'

    • 02:22

      Ford Cuts Price of Electric Mustang to Take on Tesla

  • The David Rubenstein Show

    The David Rubenstein Show: Peer-to-Peer Conversations" explores successful leadership through the personal and professional choices of the most influential people in business.
    More episodes and clips
    • 24:05

      The David Rubenstein Show: Bob Johnson

    • 01:53

      Bob Johnson: ‘You've Got to Believe in Yourself’

    • 01:45

      Why Bob Johnson Sold Charlotte Bobcats to Michael Jordan

    • 01:00

      Bob Johnson Says He Sold BET at the Right Time

See all shows
Terms of Service Trademarks Privacy Policy ©2023 Bloomberg L.P. All Rights Reserved
Careers Made in NYC Advertise Ad Choices Help