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Other Nations May Consider EU Divorce; Trump Promotes Golf Report Amid Brexit Fallout; Historic Floods Kill at Least 23 People; Brexit Aftermath; One on One with Jamie Dimon. Aired 7-8p ET

Aired June 25, 2016 - 19:00   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

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[19:00:15] SUZANNE MALVEAUX, CNN ANCHOR: You're live in the CNN NEWSROOM, I'm Suzanne Malveaux in Atlanta.

Britain's decision to ditch the European Union triggering political and financial shockwaves. The world's most complicated divorce getting messier by the minute.

The pays for the ground breaking split might become a major problem. After a crucial meeting today in Berlin, the EU's president said he wants the break up to happen immediately. Yet Britain has signalled it will wait until October before even starting negotiations.

German Chancellor Angela Merkel says there's no need to hurry. There's certainly no reason to be, quote, "nasty" about the negotiations.

Many people in the U.K. are now voicing doubt over the referendum outcome. Feelings of regret if you will. An online petition with more than 2.5 million signatures calls for a second referendum on EU membership. This as political parties and other European nations drop hints about possibly following Britain's lead.

Our reporters on the ground are tracking the global reaction.

Joining me now David McKenzie in Edinburgh, Scotland, Will Ripley in Paris.

So, David, first to you in Scotland voted overwhelmingly to remain with the EU. Now Scotland's leader says it will likely seek independence from the UK. And, David, Scotland trying to split from the U.K. once before, it had failed. Is independence more likely now?

DAVID MCKENZIE, CNN INTERNATIONAL CORRESPONDENT: Well, I think it is more likely, just because many Scottish voters feel betrayed by the voters to the south of here in England who narrowly it must be said voted to leave the EU. Well, here it was a very different story. In Scotland, overwhelming majority, more than 24 percentage points margin, Suzanne, said they wanted to stay in the EU and Scotland has its own government. It does have a level of autonomy here in the United Kingdom.

The first minister here, the leader of the Scottish government saying that they're going to put the independence referendum back on the tables. She's looking to meet directly with EU diplomats in coming days. And just on the streets here of Edinburgh, many people are nervous and angry and think the future is uncertain.

(BEGIN VIDEO CLIP)

UNIDENTIFIED MALE: We don't want to split from the union. No choice. I'm not being biased here. It's all good in English.

UNIDENTIFIED FEMALE: (INAUDIBLE) wanted to travel the world and I just talked to the people that travel the world.

(END VIDEO CLIP)

MCKENZIE: Now the political ramifications of this, of course, will be felt a long time, but here in Scotland at least they're trying to find an angle, an avenue, some way to stay in the European Union.

Suzanne?

MALVEAUX: All right. And we also worry France is going to try to hold it's own referendum on leaving the EU.

Tell us about France's President Francois Holland's big meeting that he had today. What was the outcome?

WILL RIPLEY, CNN CORRESPONDENT: Well, Suzanne, Francois Hollande is at the Elysee Palace. It's the French equivalent of the White House. It's about a 15-minute walk from here, but as you can hear from the serenades of the Portuguese soccer fans who are celebrating their team's big win, advancing in the Euros, he can probably hear the horns from his residence where he met with leaders of France's major political parties earlier this afternoon here in Paris.

Those meetings included the former President Nicolas Sarkozy who is now the leader of the Republican Party who told Francois Hollande that he needs to move quickly to renegotiate treaties between France and the U.K.

But perhaps most notably, and what's getting the most play here is a meeting with Marine Le Pen of the far right National Front Party. This is the party that is pushing for a referendum, Suzanne, similar to what happened in Britain saying that public opinion polls show many people here are dissatisfied with the EU and they would like to get out as well.

MALVEAUX: While we hear those horns behind you, what does that mean? Are they in support or something there? Are they honking in support?

RIPLEY: This has been going on for more than an hour. These are Portuguese soccer fans whose team advanced tonight in Euro 2016, which is one of Europe's largest football tournaments. So it's not related in anyway to the Brexit.

The Brexit, though, also a very loud debate, but not literally as loud as what we're hearing along Champs-Elysees, which is of course the main avenue here.

MALVEAUX: Oh, absolutely. OK, thank you. Thank you for clarifying that. We appreciate you both.

Thanks again.

Donald Trump landed in Scotland just hours after the Brexit result was announced. He was there to promote his newest golf course and held an early morning press conference at the resort. But instead of talking about the historic vote, Trump stayed the course, talking in great detail about his renovated property.

(BEGIN VIDEO CLIP)

[19:05:10] DONALD TRUMP (R), PRESIDENTIAL CANDIDATE: A brand new sprinkler system at the highest level. Many of the holes have been jiggered, made even longer and new greens, new everything. The hole 9, 10, and 11 and 4 have been changed and moved out into the ocean.

This was a par 4. Now you're hitting out over the ocean. This will be the greatest par 3 anywhere in the world and then 10 becomes a par 5.

(END VIDEO CLIP)

MALVEAUX: Today Trump focused again on his resorts leading reporters on a ride around the greens, as showing off the course there. And some are wondering now, even those in his own party, Republicans, whether or not he really missed a major foreign policy opportunity. And if there's a growing conflict between his businesses and his campaign for president.

Here to talk about more of this, I'm joined by CNN political commentator analyst Carl Bernstein and political editor at RightAlerts.com and Trump supporter Scottie Neil Hughes.

Thank you for joining us.

Both of you.

Carl, first to you. To be fair, he answered questions regarding Brexit and other international matters. But he did start off talking about the golf course and then the Brexit vote.

A lot of people were thinking maybe he would start off with something more magnanimous in what had just taken place there.

Do you think that this was something that was a missed opportunity for him to look more presidential?

CARL BERNSTEIN, CNN POLITICAL COMMENTATOR: I think it's indicative of who Donald Trump is. That he is someone running for the presidency of the United States that is uniquely unqualified. Has the wrong temperament. Is a total break with our history in terms of what he stands for to be the president of the United States including a demagogic, almost neo-fascist campaign that he has been running. And this was indicative of Donald's first, the world next, self- absorbed. Everything that could have been said about it's importance to the United States, to Europe, to the world, took second place to his sprinkler system. His sprinkler system has pretty much been the answer to his campaign.

And at the same time we have to acknowledge that much like the Brexit vote itself, he has appealed to those who are feeling disaffected, rightly are tired of elites and what elites seem to have been doing in the United States, in Britain, in terms of ignoring the interest of working people, and he's made a real connection with those people. But this is just more of the same. And why so many Republicans are bolting and saying how can we have this man as our nominee for president of the United States.

MALVEAUX: Scottie, I just asked you to respond to what we just heard Carl and his analysis.

SCOTTIE NEIL HUGHES, DONALD TRUMP SUPPORTER: Well, and I can understand that he's not a traditional candidate. We have known that. And the question I have is how can they say that he did not address these issues.

He put out a statement back in March in fact saying that I do believe that the U.K., that the people will vote to have the Brexit. He put out a full comments on it before probably any other candidates who said it.

Then when it comes forward to now, he stayed out of it, but that doesn't mean that the second to vote wasn't over. He had the first issue and he issued a statement completely laying out his detailed points as to why he supported the people of U.K. and their decision. And then he sat there and took the media with him every chance he got, opening himself up to questions unlike Hillary and either President Obama that have yet to really open themselves up to questions regarding everything that happened with the Brexit and the economy and how it's effecting the markets.

MALVEAUX: So, Scottie, do you think it was a missed opportunity for him to start with all the details about his resort and, you know, the sprinkler system and everything.

I mean, not to start with what seemed to be really the obvious international news of the day and what so many people were talking about around the world with the markets crashing and so forth?

HUGHES: Listen, he had his own communication style that for some reason he chose to talk about the reason why he was there, which was to open up the golf course that his child, Eric -- where his children have been working on for the past few years.

But he did know that that conversation was going to turn to that immediately. Maybe, you know what, if I don't talk about it first, I know it's going to be -- all the reporters' questions are going to be about the Brexit. So let me at least get this in here, and then we can turn to the focus. But make no mistake, he is not hidden at all from answering questions from any of reporters he's not been selected. Every question asked he has answered. And that right there is something that Mr. Trump can say, well, the guys on the other side, they aren't so honest about it and they can't answer it.

MALVEAUX: Carl, I want to address this with you here. The Brexit result happened very quickly. The markets crashed. The panel fell. Trump said it was a good thing for him personally. Here's how he responded to the news initially.

(BEGIN VIDEO CLIP)

TRUMP: Look, if the pound goes down, they're going to do more business. You know, when the pound goes down, more people are coming to Thornberry, frankly, and the pound has gone down.

(END VIDEO CLIP)

MALVEAUX: How does he extricate his businesses from -- I'm sorry, Carl, I'm having a hard time hearing you.

How does he extricate himself from the businesses? And this presidential campaign, the conflict of interest that seems to get closer as we get closer to the election.

[19:10:15] BERNSTEIN: Look, it's very easy and previous presidents have done it. They put everything in trust. They walk away from their businesses. But this is a totally abnormal candidate. It has never been anything like we've had in our history. I think we're down in the weeds here now. But should he walk away from his business in this or that, or how many minutes did he give to Brexit.

I think what we need to look at is Donald Trump's temperament. We need to look at his fitness to lead. We need to look at the fact that his businesses are really abysmal failures in many regards including a con artist really in terms of how he has run Trump University, how he's run his casinos into bankruptcy. We're going to see a lot more reporting on who Donald Trump really is just as we also need more reporting on who Hillary Clinton really is.

My own book, "The Woman in Charge: The Life of Hillary Clinton," I guess is the definitive recount of her life. We're going to see some biographies on television of her.

But I think what we see is one candidate, Clinton, and certainly my book is hardly a wet smack on the cheek to her. The Clintons didn't like the book. And at the same time, it tells you how this is a woman who is prepared to be president of the United States.

She has certain failures, character problems, just as all president candidates we've had, but she is in a different league from Donald Trump.

MALVEAUX: All right. Let's go back to Scottie here. Scottie, we're looking at these pictures. They are quite beautiful. You know, the country side and everything. And I'm really curious as to what did Donald Trump hope to accomplish here with this trip to Scotland? And do you think that he actually came out on the side in which he felt it was more beneficial than not? Because he has been getting such criticism for it.

And I know he said he was supporting his family but, you know, there was an international crisis that occurred as he was there on the property.

I mean, overall, did he get what he needed out of this. What was the point?

HUGHES: Well, he was there for no more than 48 hours. And that entire 48 hours, all the major news networks every hour ran at least half that hour, stories about him over in Scotland, talking to him.

It's that same strategy that he used during the primary that worked so well, whether positive or negative. And what folks have to realize, when the media is hated as much as they are right now, when they are sitting there looking like they are targeting him and they're throwing it, all that does is just encourage his base. That it goes along with his message that the media is not someone you can trust.

So for the last 48 hours, we have been talking about Mr. Trump. He has addressed issues concerning that.

And I have to -- I cannot go forward without saying it, because I respect him as a journalist. But the same man that brought down President Nixon for 18 minutes of missing tape is sitting here and want to let a woman that 30,000 e-mails had been deleted, we don't know where they are, he's going to give her a pass and say that she has a better record and more trustworthy to be in the executive office than Donald Trump.

MALVEAUX: Carl, please respond.

BERNSTEIN: Nobody has been tougher on Hillary Clinton and the server than I. Her conduct with the server is reprehensible. It's been reckless. She hasn't been truthful about it. I've said it on our air for months and months and months. It's her Achilles' heel in this campaign, but it's part of a larger picture of a whole person.

And she has had, as I say, and a woman in charge difficulty with truthfulness going back to her days in Arkansas, but there also is a context to the way that she has been untruthful.

And I think if we're to look at Donald Trump, what we see is a kind of pathological lie that comes about throughout this campaign. About his own record. About the actual state of real existing America, about his politics, about his taxes.

MALVEAUX: All right --

BERNSTEIN: I think there are two different things to look at, but nobody has been tougher on Hillary Clinton --

MALVEAUX: We've run out of time. We've got to leave it there.

Carl Bernstein and Scottie Neil Hughes, thank you so much for joining us here. We appreciate your perspectives.

Coming up, record setting flooding, devastation. This is in West Virginia. There's 23 people now who are dead. Trees, power lines, buckling. The streets are swamped. I mean, just look at the pictures.

Rescuers, they are still scrambling now to help those who are stranded by these raging waters. You're live in the CNN NEWSROOM.

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[19:17:13] MALVEAUX: Two natural disasters happening at the same time this weekend on opposite sides of the country.

Out west, you have drought conditions, record high temperatures. They're not helping firefighters get a control of this blaze that has already burned through 30,000 acres. It's blamed for at least two deaths now.

This is Corrine County, California. At least a hundred buildings including some homes, they are now gone.

And then in West Virginia. You've got the opposite problem. There is too much water. Days of heavy rain push rivers up and out of their banks sending shocked residents to the second floor of their homes. At least 23 people are now confirmed dead. The entire state is a federal disaster area. Also, a PGA golf tournament scheduled for early July is now cancelled.

I want to bring in our Brynn Gingras. She is live now. She is near the banks of the Elk River in West Virginia.

And Brynn, you know, we have heard some really sad stories today about people who just didn't make it, didn't expect that this high water was coming when the flood was at its very worst. And now you've got people who are dealing with damage and trying to get back to their homes.

What are they telling you? How are they doing?

BRYNN GINGRAS, CNN CORRESPONDENT: Oh, yes. There's just a lot of damage and it's so emotional when these people come back to their home and discover all this river mud. All their valuables gone.

And you mentioned people who are on the second floor of their home. We're going to zoom in, and I want to point out that blue house to you. It's the best way I can measure how high this water went.

See that second floor, that is where the water went to. Right underneath it. Now keep in mind this house is near the banks of the river and the river is much lower at this point. So we're talking about 40 feet or so that this water came up and just washed out areas of this neighborhood.

And we talked to residents who actually live in these three homes where you can see also there's a tree right in the middle of those homes. And they said as the water was coming up, they got in their cars and they just kept driving, trying to get up to a higher ground.

They spent the whole 24 hours away from their house and when they got back, it was just damage. One lady told me she doesn't know what she's going to do. I asked her if it's even possible if she can recover this.

(BEGIN VIDEO CLIP)

UNIDENTIFIED FEMALE: I don't think so. I think it's a total loss. I really think it's a total loss.

GINGRAS: This got to be emotional for you.

UNIDENTIFIED FEMALE: Very emotional. Very hard. My kids, Connor, he's at Moorhead State University and they came up today. I mean, that's their childhood memories of a home and it's not a home at this point.

(END VIDEO CLIP)

GINGRAS: Yes, it's so sad.

And this mud you're looking at, we had the National Guard in here not too long ago trying to move it. It's practically like clay at this point. FEMA is helping out. President Obama declaring FEMA assistance for three counties. So that is much needed help at this point, Suzanne. And I know the people are pretty grateful for it.

[19:20:10] MALVEAUX: Yes, Brynn. Every little bit helps. Thank you so much.

And it's hard to even see the devastation, the disaster.

It has been described as a thousand year flood. Now what that means is that in any given year, there's a one in 1000 chance of a disaster like this happening.

Well, ahead, you're going to hear from a survivor of the terrible tragedy. That's coming up next.

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MALVEAUX: We told you earlier how relentless floods had killed at least 23 people in West Virginia. At least two children were killed, including a 4-year-old boy, who was washed away by the flood waters. It is the nation's deadliest flash flooding in six years.

President Obama signed a disaster declaration for the area. And high waters, they are now beginning to recede. Officials are warning residents watch out for large debris, downed power lines, downed trees. With me on the phone, Rebekah Foster. She is in Louisburg, West Virginia.

And, Rebekah, thank you so much for joining us. Tell us about where you are. From where you are, what can you see from your vantage point?

REBECCA FOSTER, LOUISBURG, WEST VIRGINIA RESIDENT (via telephone): Well, Suzanne, let me just start by saying thank you for sharing the story of Greenbrier Valley with the world. It's far worse than anything that anyone has seen so far that is here.

I'm one of the most fortunate in that my home is really unaffected. We had a little water in the basement, but what we had was very manageable. I was out on the western end of our county today, which is a really huge geographically diverse county and what those folks are going through, and even just five miles from where I am now is surreal. It is really the only way that I can describe it.

[19:25:08] MALVEAUX: And, Rebekah, I know this is very hard for you. This is tough. This is your home. This is your community. And I know that 23 people are lost in that community.

Are you aware? Do you know of any of the victims of this flood?

FOSTER: I am aware. We are a really -- we're a small community but we're very harmonious and everybody knows everybody. There's just -- it's just that kind of place where generations of people who have been in the valley so everyone knows someone who perished. Everyone does. We all do.

Somebody who has lost a family member. Someone has lost a friend or a co-worker. And so there's no way to really articulate how many people have been impacted.

I'll tell you, the number right now is 23, but that's just know, that's about identified fatalities. There are probably hundreds of people who are -- who died. At least 100. I mean, they're just -- there's a recovery effort at this point because of the geography of the county. So they're just -- they're still getting into houses. They're still getting into (INAUDIBLE) and finding people and it's gruelling and it's devastating.

MALVEAUX: Rebekah, I am so sorry. I know that it is devastating for you and for so many in the community who have lost your friends and your colleagues and your co-workers.

And you suspect that the number is much higher. Can you tell me why -- are you seeing things in your community that suggest that the death toll will be much higher that what we are aware of now?

FOSTER: Definitely. Like I said, I was just on the western end of our county, in our community club now. And the woman that is coordinating efforts there and I spoke and, you know, one of the things she said is that the National Guard is there, and they are working and they are rescuing people and bringing them in and, yes, I mean, they're just -- there are people who are out there who have been lost.

The people they're bringing in who are alive don't have shoes on. They don't have anything. They literally have nothing. They have nothing but what they are wearing. And what they are wearing was little, and it's dirty and it's wet, and it's just -- it's really overwhelming.

MALVEAUX: And I understand that this was something that just completely caught people off guard. They were totally unprepared for what they would be faced with. Is that right? Is that your experience as well?

FOSTER: Yes. I mean, I think everyone who has ever gotten a weather bulletin on their cell phone, or on the weather channel, or their local news has sort of looked at that and said, OK, yes, check.

And the reality is that you don't actually think that it's going to happen. But -- you know, a friend of mine said she was standing in her kitchen in six inches of water. In the blink of an eye, it was at her waistline. It wasn't like people were standing around waiting for this to happen. It just -- it happened so fast that there was no time to respond.

The roads were cut-off. There was nothing they could do but wait things out in their homes, on their roofs, on their counter tops, on their washing machines. It just happened in a moment.

MALVEAUX: Rebekah, I'm so glad that you and your family are safe. I know there are people in your community that are sharing this moment in mourning for those who have been lost. I certainly hope that the fatality number that you suspect is not the case. That perhaps they're able to rescue and pluck out those people from their homes, from the roof tops and attics.

We have heard some pretty sad stories where that has not been the case, but we certainly hope that the better scenario is the one that we will be learning of in the hours and days to come.

Rebekah, thank you so much. Please be safe.

FOSTER: Thanks, Suzanne.

MALVEAUX: OK, Thank you. We'll be right back.

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[19:31:02] MALVEAUX: ISIS is calling for new attacks to paralyze Europe, seizing on the fear and uncertainty after Britain's vote to leave the European Union.

CNN's Barbara Starr has more on how the Brexit aftermath could present an opportunity for terrorist.

BARBARA STARR, CNN PENTAGON CORRESPONDENT: Suzanne, from Washington to London, a lot of reassuring words but still so many questions about what the next government in Whitehall may do. (BEGIN VIDEOTAPE)

STARR (voice-over): Popular online jihadi forms applauding the U.K. vote to leave the European Union, hoping to see more chaos in Europe, but from the war on ISIS to European terror threats and Russian aggression, the security implications are still uncertain.

The Pentagon clearly had not wanted it to happen. Days before the vote, defense secretary Ash Carter stood at NATO headquarters and called for the U.K. to stay put.

ASH CARTER, U.S. DEFENSE SECRETARY: We know the strategic value, the unity and cohesion brings to our alliance.

STARR: But after the vote, the Pentagon struck a conciliatory note.

UNIDENTIFED MALE: We feel confident that this special relationship including the special defense relationship we have will certainly continue.

STARR: The optimism is not shared by all.

COL. CEDRIC LEIGHTON (RET.), CNN MILITARY ANALYST: What we're seeing here is the potential for a major reorganization within NATO and a potential weakening of the security environment in Europe.

STARR: Despite exiting the European Union, the U.K. remains a member of NATO, although its financial contribution to the military alliance could be at risk if its economy falters.

JEANS STOLTENBERG, NATO SECURITY GENERAL: Today, as we face more instability and more uncertainty, NATO more important than ever.

STARR: The European Union and NATO members are already scheduled to meet to discuss closer cooperation and issues like cyber and terrorism. On ISIS and fighting terrorist threats, Britain and the U.S. still will share the most highly classified intelligence.

MIKE ROGERS, FMR. HOUSE INTELLIGENCE COMMITTEE CHAIRMAN: That agreement is not impacted by this in any way, shape, or form.

STARR: But the CIA director points out with 28 countries now in the EU, there are already significant problems.

UNIDENTIFED MALE: Within each of the countries, they have sometimes several intelligence and security services. They do not have the interconnectivity either from a mission and legal perspective or from an IT perspective.

(END VIDEOTAPE)

[19:35:10]

STARR: And what about the war against ISIS, well there's been progress on the battlefields of Iraq and Syria but ISIS still demonstrating it has the ability to inspire people to launch attacks in Europe. Suzanne.

MALVEAUX: Barbara, thank you.

Our national security analyst Tom Fuentes is live from Fairfax, Virginia, to talk more about the security concerns following Brexit.

So thank you, Tom. There's been a lot of calls, of course, to strengthen intelligence sharing between the EU countries, to prevent future terrorist attacks and now that you got Britain stepping away, out of this very important organization how big of a setback is this that you do not have Britain as part of that group to talk about it what is that they know about terrorists and where they might be?

TOM FUENTES, CNN NATIONAL SECURITY ANALYST: Well, first of all, Suzanne, Europe's security does not depend on Europe and the European Union system. All those relationships are multinational and bilateral directly, they all belong to Interpol, they all share intelligence. They all share intelligence through NATO. None of that will change.

Secondly, leaving the European Union doesn't necessarily mean they'll leave Europoll. Europol consists of every member nation but it also has 10 non-member nations which include five federal agencies from the United States, Canada, Australia, Switzerland, Norway. They all have seats at the table in the Hague at Europoll headquaters so I don't see the U.K. being completely evicted from Europoll or the other systems.

Now, one system that may have an effect is known as euro just and a lot of people aren't aware of it but a magistrate in one European country can issue arrest warrants that would be served in another country. And a prime example of that includes what happened to the U.K., a couple of weeks after the July 5th, 2005 bombings that killed 50 something people there was another attempt on July 21st of '05. The bomb didn't go off. A number of the suspects were immediately picked up.

One of them fled to Rome. And a week later was arrested. Now on a European warrant issued under a system called Eurojust, that person was extradited back in 42 days. Normal extradition between non-member countries could last a year, two or three depending on the legal system so that warrant in that situation was a direct benefit. That subject Hussein (INAUDIBLE) is currently serving a life sentence in British prison for that bombing attempt.

MALVEAUX: And Tom, very quickly here, one thing that the president noted immediately when he reacted to the news that the U.K. was getting out of the EU is that he said well we have the relationship with NATO. It seems that even if there's some rejiggering or remanagement of NATO that NATO becomes even more crucial and critical in terms of the alliances that the U.K. has with these other countries in terms of protection, the kind of national security that so many countries are talking about their concerns.

FUENTES: NATO was heavily involved in these issues of terrorism and national security among the NATO members. That's not going to change so I think that whether Europoll, whether the British are now observers at Euro poll or key members, that's not going to make a big difference with all of the se other multilateral relationships that exist and also, you know, the British are part of a system called the five Is which includes the U.S., Canada, U.K., New Zealand and Australia and the five I countries share everything.

MALVEAUX: OK. All right. We got to leave it there, Tom. Thank you so much. Appreciate it.

Coming up CNN's one-on-one with the head of JP Morgan Chase. Poppy Harlow and Jamie Dimon sitting down talking politics, trade, the economic anxiety that has altered this election season.

(BEGIN VIDEO CLIP)

JAMIE DIMON, JP MORGAN CHASE: I understand that. I understand too that there are segements that have been left behind and they're angry.

(END VIDEO CLIP)

MALVEUAX: One of that exclusive interview, up next.

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[19:42:16]

MALVEAUX: This week's market turmoil could bring a new emphasis on the economy. Presidential candidates, already there is a real feeling of anxiety for many voters. To make some sense of what's happening, our Poppy Harlow sat down with one of the world's top bankers, JP Morgan Chase's CEO Jamie Dimon. The two spoke before the British voted to leave the EU.

(BEGIN VIDEOTAPE)

POPPY HARLOW, CNN CORRESPONDENT: But there's a lot of anger now and you wrote about the political environment in your annual letter to shareholders.

DIMON: Yes.

HARLOW: And you pointed to what you call a breeding of distrust and misunderstanding. What is your assessment of this election and the political environment right now?

DIMON: It's terrible. It is what it is. I can't change it as one citizen.

HARLOW: Does it stun you?

DIMON: What I don't like is mistrust and as I've said is the denegrading classes of people scapegoating, finger pointing every time someone says something and they're complaining, all those things are actually trying to diminish the other person. None of them are saying, are they right or are wrong and what should we do about it.

Abraham Lincoln. Never denegrade, never scapegoated and never finger pointed. When you look at America, (INAUDIBLE) each other, they don't need to be killing each other.

HARLOW: You said all of us should listen to great thinkers who have an alternative point of view. So who do you listen to that's a great thinker that has an alternative point of view.

DIMON: Which is very smart to analyze issues, Arthur Brooks, David Brooks. I know I'm mentioning conservatives now. George Will, (INAUDIBLE) Jenkins, they're not wrong. You know, I love - I think Paul Ryan is wonderful. I think there are people on the other side too that just - they are very thoughtful about why these things are important. How society should go about it and I think we become more knee jerk. We turn principle and ideology and once this ideology, your feet are stuck in cement. You can't move any more. You can barely breathe and then you should be angry.

And yes, if you watch Fox, (INAUDIBLE) they're right. Or you go and watch NBC, MSNBC, they're jazzing you up. You're just being manipulated, learn to think for yourselves and what the issues are, what the potential solutions are. What the unintended consequences are of policy issues. It's very easy to say we'll do this and very often it has the opposite effect.

HARLOW: Do you think the American public is being manipulated, in a sense?

DIMON: We're allowing ourselves to be jazzed up by - I always say in management. Don't let people walking to jazz you up and get you angry. You're just being manipulated when that happens.

HARLOW: A Harvard study just came out that I found fascinating. It sound only 19 percent of Americans between age 18 and 29 identify themselves as capitalists. Only 42 percent in that group even said they supported capitalism. Jamie, when you hear those numbers and you see those stats what do you think?

[19:45:00]

DIMON: Yes, it surprises me too. My whole life I have seen every generation that graduates college coming out with big heart and want to change the world as I did. And I still do. I completely sympathize with that. That one caught me off guard because I'm not sure that the American public knows that socialism means that the government owns everything and I'm not sure that's really what they mean. I think - and they mean they saw this big problem. They're mad at big institutions. All big institutions, the Congress, big banks, big companies have all been kind of discredited. You know, sometimes fairly, sometimes unfairly.

But I don't think it's a good thing. A lot of people think we're not educating the kids about entrepreneurism, history, liberty, freedom, built America, make it great and that they're falling into this trap of socialism what didn't work in a lot of places and so it is a little surprising.

HARLOW: You've said, I understand the anger. What do you mean? DIMON: Well, I understand when the average American said I didn't

cause this problem. They look at the elites, in their opinion, big banks and big companies, Wall Street and Washington.

I understand that and I understand too that there are segments that have been left behind and they're angry. I think if you do a trade deal that you should have really powerful trade assistance to those that hurt.

So you know, trade has been (INAUDIBLE) beneficial but it's beneficial for 99 percent of people but the one percent or whoever it is that gets hurt. We should say to them, if you're hurt, we have income assistance, relocation, business redevelopment, all of those things, that's fair. That's fair. We shouldn't hold back the progress from trade and technology but you know, it's fair to lift up the people that are hurt by it as opposed to killing the golden goose.

HARLOW: On this note, is there a need for a more inclusive form of capitalism?

DIMON: We want - we should have an economy that works for everybody. Absolutely. Now I'm a little cautious to say long term or short-term because in a free society, hat's long-term to you may be short-term or vice versa and that's your choice. So I'm a little worried about people dictating what they mean.

HARLOW: So a more inclusive capitalism. You looked at those Harvard numbers, right, that shocks a lot of people.

DIMON: That may be education and not capitalism. But I do agree we should make it more inclusive in a way that people make better. We're investing for the long run, we're fixing the infrastructure people need, we're improving lives all the time. (INAUDIBLE) I think it's better for society and that's far beyond your shareholders.

(END VIDEOTAPE)

MALVEAUX: Coming up part two of Poppy's interview, what Jamie Dimon thinks of Donald Trump and his ideas on the U.S. economy.

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[19:50:45]

MALVEAUX: CNN's Poppy Harlow asked one of the banking world's top executives about some of the economic fears stirred up this election season. Here's the second part of her interview with Jamie Dimon, CEO of JP Morgan Chase. Again, their meeting took place before Britain voted to leave the European Union.

(BEGIN VIDEOTAPE)

HARLOW: I do want to talk about the populist anger that has carried some of these campaigns. And we've seen it in Bernie Sanders' campaign and we've seen it in Donald Trump's campaign. Have you ever seen this much anger from the public at the financial sector and just big corporations in general? And how do you think it manifests itself? What has this become?

DIMON: Yes, I don't know. I'm not an expert in that. I read a lot of history, and yes, we've seen it many times before. Sometimes it justified, sometimes it's not, sometimes it's finger pointing, and sometimes it's blaming everybody (INAUDIBLE). I don't know (INAUDIBLE) I hope that the next president focuses on the things that makes America better.

I mean, I've already talked about we have it so good. We should acknowledge the flaws. I think democrats should acknowledge that Republicans are terribly afraid of pork, you know, bad spending, bridges to nowhere for good reason.

I think the Republicans should acknowledge that we desperately need infrastructure. Desperately. Airports, bridges roads, tunnels, hospitals. If then roll up our sleeves and get to work, and to do it well.

I think that we do all these things right, I think America could be booming.

So I'm just hoping the next president focuses on those things.

HARLOW: Do you have hope this is going to happen? I mean, we've been exempt for a long time.

DIMON: Yes, I have some hope it will happen. Maybe the anger will get people to focus on, OK, now what are the solutions?

You and I -

HARLOW: You think this anger will translate into solutions.

DIMON: Yes. Because I could sit across the table from anyone and say, I agree income equality hasn't been fair. And I say, what would you do about it? How do we fix that? How do we fix it in a way that actually improves society? The way to fix it, if it's pure populism, you could look at Venezuela, Argentina, North Korea, Cuba, Ecuador. That's not going to fix it.

You know, if you talk about policies that work, look at countries like Singapore, South Korea. Certain cities in America, certain states in America that lift up all their people. To me it's really positive to be properly designed. It's not enough just to say, you know, get angry over a subject.

HARLOW: The number one thing the next president, whoever it is, can do, should do to boost the U.S. economy. What is it?

DIMON: Get out there and say America is a wonderful country. We're going to collaborate and fix our problems. It will be even better for all of us and for the rest of the world.

HARLOW: Donald Trump has talked repeatedly about a 35 percent tariff on goods imported to this country from Mexico and China. Meg Whitman, CEO of HP says that will throw this country in a massive recession. Is she right?

DIMON: Donald Trump also says that I'm a negotiator. We want a better deal. So I don't know if he means that 35 percent, I think a well- structured trade agreements are good for America. Every now and then, they'll be structured in a way that hurts certain people. I do think it's a legitimate issue to say, it's not working for everybody. But it works in general, so I'm generally in favor of trade properly done.

And so -

HARLOW: But would tariffs like that throw this country into a recession?

DIMON: I would have to think hard about that. I don't know. The problem with tariffs like that is the retaliation. We went through that before the great depression, but like I said, Donald Trump is negotiator. We'll see what he means when he has - can actually negotiate.

HARLOW: As the presumptive Republican nominee, he said that economic conditions in this country are so perilous right now that we're headed for, "a very massive recession," and he said it's a terrible time right now. What merit, Jamie, from your perspective, in your seat, do you give that argument?

DIMON: I'm not going to comment on Donald's arguments.

HARLOW: Do you think this country is headed for a very massive recession when you hear that? Because I think it scares a lot of Americans.

DIMON: I would have to ask a different question. Does he mean five years from now, one year from now? I just don't know. I think the country is doing OK. The economy is plodding along. I think it's a fair criticism to say it should be doing better, why isn't it?

[19:55:10]

HARLOW: As you travel around this country, as you travel around the world and talk to global business leaders, heads of state, what do they say to you about the state of American politics and this election?

DIMON: They, first of all, Americans should understand that they look at the American president as leader of the free world.

HARLOW: Yes.

DIMON: They really do. When I traveled around 10 years ago, they're angry at us for a lot of different reasons, the ugly American type of thing. They want good American leadership. That's what they want. So they're closely watching the election. Remember, their politics have been complicated like this for a long time, so they're trying to study it, understand it, but they've always had some comfort in America, as that great - after exhausting all possibilities does the right thing. So I think they're hopeful. That's the case HARLOW: They're hopeful. They find comfort. There's no shock at what we're seeing right now?

DIMON: They're watching like we are.

(END VIDEOTAPE)

MALEAUX: And our thanks to Poppy Harlow for that excellent report. A reminder that for all the latest business news, look no further than cnnmoney.com. We'll be right back.

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MALVEAUX: And finally tonight's number, $200,000. That is how much less the winner of this year's Wimbledon tennis tournament would take home if the tournament ended today. That's because of how much value the British pound has lost since the Brexit vote.

Tomorrow morning, democratic presidential candidate Bernie Sanders sitting down with CNN on "State of the Union" to talk about the state of his own party as we draw closer to the democratic convention in Philadelphia.

I'm Suzanne Malveaux at the CNN center. I'll be back tomorrow night 5:00 p.m. Eastern. Have a great night.