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Cameron Heads to Brussels for E.U. Meeting; Political Implications of Brexit; Clinton & Warren Campaign Together for First Time; Supreme Court Strikes Down Texas Abortion Restrictions; Rio Governor Warns of Potential Olympic Failure. Aired 12-1a ET

Aired June 28, 2016 - 00:00   ET

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

[00:00:10] MAX FOSTER, CNN ANCHOR: Hello and welcome to our viewers in the United States and around the world. I'm Max Foster outside the British Parliament here in London where it has just turned 5:00 on Tuesday morning.

AMARA WALKER, CNN ANCHOR: And I'm Amara Walker in Los Angeles where it is now 9:00 Monday night.

And this is CNN NEWSROOM.

FOSTER: Well, the British Prime Minister David Cameron says he has no plans to start the formal process of leaving the E.U. himself. He'll leave that to his successor who the Conservative Party says will be in place by September 2.

But Cameron is still heading to Brussels where he'll meet with the leaders of the bloc his country just voted to leave. In fact, back in London the opposition Labour Party continues to unravel in a full-on revolt against the leader, Jeremy Corbyn. Resignations from Corbyn's shadow cabinet had swelled to a whopping 19 now.

The economic outlook isn't improving either as ratings agency Standard & Poor's downgraded the U.K.'s credit rating on Monday. That added to yet another nightmarish day in the world markets.

E.U. leaders will be convening in Brussels in the coming hours.

Our international diplomatic editor Nic Robertson is tracking the latest developments for us from there. And what we are hearing here in London, Nic -- you've got to tell us if this is true or not -- but those leaders there will not agree to what London wants which is some sort of pre-negotiation ahead of that exit process.

NIC ROBERTSON, CNN INTERNATIONAL DIPLOMATIC EDITOR: Yes, Max, that's right.

I mean David Cameron is going to arrive here a little after lunchtime. He will have bilateral meetings -- one with Jean-Claude Juncker the European Commission president; then meet with Donald Tusk in a one-on- one meeting, the European Council president. He may have other one- on-one meetings but the message has been very, very clear from the European leaders. David Cameron or any of his representatives cannot walk into Brussels and expect to sort of go into a little side room and talk to the Germans about how this part of the deal may work and the French about how this part of the deal may work and what they may want on the table here and what the, you know -- all these sorts of things. They've been told that is completely off the table.

There will be no negotiations whatsoever on Britain's exit from the European Union of any description, shade, shape or form until Britain triggers Article 50 and then the process can begin -- that two-year process or what could be a two-year process will begin.

So he will come here today and I think widely we can expect him to say pretty much what he said in the House of Parliament yesterday, that he will explain his regret over the outcome of the vote, of why they took the vote. That this is a democratic will of the British people. That the government is obligated to fulfill that. That the Conservative Party is electing a new leader.

And there kind of the line ends for David Cameron because they know here in Brussels that he cannot guarantee and speak authoritatively about anything that comes after when he is replaced and what the plan of the new British government is going to be. So there will be a limit as to what he can talk about here from his own perspective. But they have already laid very clear ground rules, as you say. There's going to be no talking on the margins at all about the shape and form of the deal ahead of getting the real deal done -- Max.

FOSTER: Anyone that's is likely to replace David Cameron certainly from the Leave side suggesting that they're not going to start this two-year process until they have to because that effectively starts the clock ticking and again at the end of that two-year process then the Europeans can do what they like.

So we're not going to get to a situation where there is any sort of negotiation. It could be a complete deadlock, couldn't it?

ROBERTSON: There is a potential for that. And, of course you know, we've said so many times in recent days, uncharted territory and it does depend on who the Conservatives pick as the new leader. The two names that are in the running is the man who was pushing the Leave campaign Boris Johnson, the former mayor of London and Teresa May, the current Home Secretary who is loyal to David Cameron, loyal to the Remain campaign and is seen by some Conservatives as being more of a unifying figure.

So she may present a different face, if you will, for the European Union and may want to -- and again we just don't know. She may want to take a different approach about when to trigger Article 50 as opposed to Boris Johnson. And that is going to depend for her or for him on what the will and the mood of the Conservative Party is. And I think they are only beginning to figure that out, Max.

[00:05:04] So that's the problem for the E.U. chiefs here. You know, you have the President Francois Hollande, president of France Francois Hollande, who yesterday said look, you know, Britain needs to get on with triggering Article 50. He has elections next year. He's concerned about the level of dissatisfaction in France with the European Union. He's concerned about Marine Le Pen and the right-wing nationalist politics of France that may try to push France along the same path as Britain.

So, you know, they don't -- for him he doesn't want to see this process drawn out. So that's what David Cameron and the future British prime minister is going to be up against. It's going to be up against the real political needs of the other European leaders to get this job started and done so there is no fraying at the edges of the European Union which is ultimately their big concern.

FOSTER: Ok. Nic in Brussels -- busy day ahead. Thank you very much indeed.

Also another contender, I have to say, surfacing in the British newspapers today, Jeremy Hunt suggesting that his solution might be a second referendum. So it's getting more complex all the time.

Let's have a look at the markets though. The Asian markets are open and they're responding to all of yesterday's developments.

Let's get to Malika Kapur. She's over there in Hong Kong. What is the latest you are getting there, Malika?

MALIKA KAPUR, CNN CORRESPONDENT: Max, at the moment, you know, trade here in Asia is mixed. It wasn't the case earlier in the morning. The Nikkei was just in slightly positive territory right now. It was actually lower this morning.

So what we are seeing in Asia is a lot of volatility and the markets here are simply reacting to the nervousness and the volatility that we are seeing elsewhere in the world. We saw those losses in Wall Street and in Europe overnight.

Asian -- in and of itself right now the Asian markets are really struggling to find any direction on their own and what we are seeing is the Asian markets simply taking their cue from Wall Street.

The big story in the financial markets, of course, remains currencies and we are keeping a close eye on the pound. The pound took a real hammering after we got first word of Brexit and it remains within striking distance of a 31-year low.

We are also keeping a close eye on the yen and the yen continues to rise. It's not really surprising because investors are doing what they typically do in times of uncertainty. They're putting money in areas that they consider safe in safe-haven assets. So they are putting money in the yen. They're putting money in gold.

And when they are putting money in the yen, what that's doing is it's actually not really good news for Japan, for Japanese exporters because it makes their products more expensive in the world markets. And that's one of the reasons we've seen Japanese auto stocks really suffer over the last couple of trading sessions and that's one of the reasons the Nikkei has been under pressure because of the stronger yen. So we are continuing to keep a close eye on the yen. But overall really the markets here in Asia are kind of struggling to find any clear direction -- Max.

FOSTER: And Malika -- just explain the importance of the credit rating. The U.K. has lost that very top level of credit rating. It has caused a huge amount of concern in the city. It hasn't here in Westminster where a lot of the talk is about the fiscal crisis. But in terms of economics, that really matters doesn't it? KAPUR: It does because what it does is it affects business confidence and that's huge. The markets really just want a sense of confidence that things are going to be ok.

What the markets hate is uncertainty. And right now there is so much uncertainty because there's uncertainty Britain's political leadership. There's uncertainty about Britain's future relationship with the E.U. And there's so much uncertainty about Asian businesses doing business in Europe whether they'll remain there or whether they'll have to pull out.

So with all this uncertainty it's no surprise that there has been a credit down -- the credit rating has been downgraded not by one bank but two large banks yesterday. So that does hurt business confidence and then it just has an effect on the markets overall. When market sentiment is down it does lead to volatility in the markets and that is rattling markets around the world -- Max.

FOSTER: Ok. Malika -- thank you very much for joining us from Hong Kong. A lot to digest -- financially, politically, here in London, across Europe and the world.

We'll have much more on that in just a moment.

Ok -- we're going to stick with you. We have a guest with us, Dominic Thomas. He is in Los Angeles. He is chair of the Department of French and Francophone Studies at UCLA. Hopefully I can hear you. I had some issues hearing Malika just now.

[00:10:00] But just explain to us the process here because what we've got is quite an interesting moment here in Westminster where the contenders for the next prime ministership are lining up. And one of them, Jeremy Hunt hasn't actually come out formally. But he's certainly floating some of his ideas in the British papers.

He is suggesting that Britain could somehow negotiate where he's calling Norway plus. It's a deal where Britain could have a deal with Europe to have access to the common market but it would have to accept a certain level of immigration around that. Is that a solution that you think would be possible?

DOMINIC THOMAS, UCLA: I don't think this is possible at all. I don't think you get to decide whether or not you want to play a game, change your mind, leave the game and then decide what the rules are going to be. This is going to be for the European Union to decide.

I think that what Great Britain or what the United Kingdom has to decide on over the next few months is who is going to be the new prime minister. We see a political system that is essentially collapsing. Within the space of a few days, the British prime minister has announced his resignation. The Labour Party is going to vote most likely a vote of no confidence on the current leader.

And so at the particular -- at this particular juncture until the Conservative Party have decided on who is going to lead them and it seems to me that the new leader would have to be a representative of the Brexit motion. It would seem unfathomable for them to go down any other road.

This is therefore a tremendous opportunity for the Labour Party to take a long look at itself and to decide how it is going to go about renegotiating this particular referendum. I see a real opportunity here for a political party, in this case the Labour Party, to take a position in favor of the Remain camp to ask for a general election and to ask the British people to weigh in on this through a general election and not another referendum that has already proved completely ineffective.

FOSTER: Well, an election could effectively become another referendum couldn't it if you have one party really standing up for Europe and one perhaps being anti-European. So that's one of the suggestions that's coming up.

But in terms of -- we are getting down into the weeds really in terms of the leadership. If you are suggesting the next prime minister needs to be from the Leave campaign then you are ruling out Teresa May who's actually got the consensus throughout the Conservative Party to really bring it together which Boris Johnson just doesn't have.

THOMAS: I don't think that this is the way to go about doing it. I think that already, and particularly from the United States, we very clearly saw this as a political struggle within the Conservative Party in which one particular group, the Brexit group took on the prime minister who was in the Remain camp. So for Teresa May to be appointed as the new lead of the Conservative Party and taking a position that was anything else but the Brexit would seem completely contradictory.

I think actually what's happened here is that the British people are beginning to realize that in fact what they didn't vote for -- they didn't vote for exiting from the European Union. This was really a referendum on the status on the state of Britain today much in the same way that the U.S. election is being shaped by these kinds of questions.

It wasn't really about Europe. This was an opportunity to express a whole range of feelings about the way in which Britain was going in the direction in which it was heading. Now that this particular vote has taken place nobody really knows what to do. First of all, nobody has ever asked to leave the European Union. So legally, strategically no one really knows how to go about doing this. And I think Britain first of all, needs to figure out what is going on within Great Britain before it can even begin the process of seeking a new relationship or redefining its relationship with the European Union. FOSTER: What do the Europeans do in the meantime then? Because

understandably, they just want to get on with this negotiation process that has been left in limbo. They've got to sort of move forward with this.

But what option do they have but to wait for London to find a new leader and instigate that two-year process?

THOMAS: Well, some very interesting things happened. I think the fact that the six foreign ministers of the original E.U. members met over the weekend sent a very strong message to the United Kingdom. We were there before you and we'll be there after you.

However, that is a strong measure and a strong thing to state. The fact is that the French government facing elections in 2017 are already in the guise of Marine Le Pen and the far right. And it's not just the far right that is skeptical about the European Union but the word Frexit has been certainly used repeatedly. The Dutch are also talking about leaving the European Union.

This is an E.U.-wide problem and the domino effect from the United Kingdom is something the E.U. leaders are taking very seriously particularly since the debate around Brexit has focused on questions of migration, economic prosperity, globalization -- the sorts of issues that are polarizing people through the European Union and the United States today.

[00:15:11] It is what I've called elsewhere a war of identities that brings together all the pits, a particular vision of Europe and a particular vision of the United Kingdom today. And I think that's what it is really about.

Do we want a United Kingdom that is open to the world, that tears down walls? Or do we want a United Kingdom that builds walls and attempts to keep people out but at the end of the day will do nothing but shelter itself from the exciting and diverse reality of the U.K. and of the European Union.

FOSTER: So much diversity of opinion on this. So many (inaudible) it's very difficult for everyone involved but certainly so much to report on this. We're going to try to bring you all of the analysis as we get it and all of the developments as well happening to fast.

I'll have much more from London throughout the hour.

But right now, let's go back to Amara. She's in Los Angeles -- Amara.

WALKER: Thanks so much -- Max for that. We have a lot more news coming up here on CNN NEWSROOM. The most significant decision from the U.S. Supreme Court on abortion in two decades.

Also Hillary Clinton hits the campaign trail with a potential running mate who doesn't hold back her attacks on Donald Trump.

(BEGIN VIDEO CLIP) SEN. ELIZABETH WARREN (D), MASSACHUSETTS: Donald Trump says he'll make America great again. It's right there. No, it's stamped on the front of his goofy hat. You want to see goofy? Look at him in that hat.

(END VIDEO CLIP)

[00:16:35] (COMMERCIAL BREAK)

[00:20:38] WALKER: Welcome back, everyone.

U.S. Senator Elizabeth Warren has made her debut on the campaign trail with the presumptive Democratic nominee Hillary Clinton. Warren was relentless in attacking Republican Donald Trump Monday showing why Clinton may consider her as a possible VP pick.

Suzanne Malveaux has the story.

(BEGIN VIDEOTAPE)

WARREN: I'm with her. Yes, her.

SUZANNE MALVEAUX, CNN CORRESPONDENT: Hillary Clinton and Elizabeth Warren joining forces today for the first time in the campaign.

WARREN: Donald Trump says he'll make America great again. It's right there. No, it's stamped on the front of his goofy hat. You want to see goofy? Look at him in that hat.

MALVEAUX: Today's event in Ohio fueling speculation that Warren could be selected as Clinton's running mate. The Massachusetts senator using the opportunity to unleash a blistering critique of Donald Trump.

WARREN: What kind of man roots for people to lose their jobs, to lose their homes, to lose their life savings? I'll tell you what kind of a man -- a small, insecure money grubber who fights for no one but himself.

MALVEAUX: And using Trump's controversial comments throughout the primary season against him.

WARREN: Donald Trump calls African-Americans thugs, Muslims terrorists, Latinos rapists and criminals, and women bimbos. Hillary Clinton believes that racism, hatred, injustice and bigotry have no place in our country.

MALVEAUX: Clinton voicing appreciation for Warren's tenacity.

HILLARY CLINTON (D), PRESIDENTIAL CANDIDATE: I do just love to see how she gets under Donald Trump's thin skin.

MALVEAUX: Clinton is hoping that Warren will also help her win over more progressive voters in the Democratic Party who backed Bernie Sanders during the primary.

The former secretary of state today striking a populist tone.

CLINTON: We must have an economy that works for everyone again, not just those at the top.

MALVEAUX: Clinton and Warren today sounding very much united. But that has not always been the case. Warren remained neutral throughout the Democratic primary fight only endorsing Clinton earlier this month.

And in a 2004 interview with PBS she criticized Clinton's position on a piece of bankruptcy legislation.

WARREN: She has taken money from the groups. And more to the point she worries about them as a constituency.

MALVEAUX: But no signs of any past conflicts between the two women today as Clinton hopes with Warren's help she can block Trump from the White House.

(END VIDEOTAPE)

MALVEAUX: I talked with several Clinton campaign operatives who told me they were watching closely today the body language between these two dynamic female leaders, watching closely how the crowd will respond, and mindful of whether Warren would overshadow Clinton. From the reaction of the audience they told me the Clinton/Warren pairing did not disappoint.

Suzanne Malveaux -- CNN, Washington.

WALKER: All right. A lot to talk about. Joining us now Democratic strategist Dave Jacobson and Republican consultant John Thomas. Welcome to both of you. Thanks again you for coming in.

All right. So Dave, let's start with you. How much does Clinton need Elizabeth Warren? I mean we just heard there from Suzanne Malveaux that there is this risk or some people talking about her overshadowing Clinton but we know that Elizabeth Warren has a lot of populist appeal especially to the Bernie Sanders supporters. Does she need that from Warren? Does she need that appeal?

DAVE JACOBSON, DEMOCRATIC STRATEGIST: Look, I think if we were looking at polls that we say a month ago with sort of a razor thin margin between Hillary Clinton and Donald Trump perhaps Clinton would need sort of a Hail-Mary pass with a game-changing endorsement like Elizabeth Warren.

There is obviously a ground breaking appeal with the possibility of two women running for president at a time when we have only had two men who have won the presidency in America.

But look, I'm not sure given the poll trends that we've seen that she sort of needs that earth-shattering VP added to her ticket. I do think that's why we are seeing someone like Tim Kaine who is a much more sort of pragmatic swing-state senator from Virginia as sort of the front runner in the VP stakes. WALKER: And now, of course, we want to talk about Trump's response.

He tweeted this to, you know, Elizabeth Warren and Mrs. Clinton, slamming him. He tweeted, quote, "Crooked Hillary is wheeling out one of the least productive senators in the U.S. Senate. Goofy Elizabeth Warren who lied on heritage."

Now Trump's campaign also called Warren a sellout for supporting Clinton and I would imagine you, John, would say that he might have a point on this whole sellout thing because we know that Warren and Clinton didn't really see eye to eye when it came to Wall Street.

[00:25:10] JOHN THOMAS, REPUBLICAN CONSULTANT: Yes. Warren is a true believer of the left. Hillary is a true believer in polling. But look, I think I agree with Dave on the VP selection. Hillary Clinton's selection really is about optics, not function.

Whether it's two women at the top, I'm not really sure because I think Hillary Clinton doesn't have a female problem. She's doing just fine with them in the poll. She has a white man problem. Those are the people that Donald Trump is doing well with right now and Hillary Clinton hasn't been able to capture. I just don't think she is going to choose Warren as good of an attack dog as she may be.

WALKER: I want to also get John Oliver's take on it. You've got to, you know, get him in here especially about Trump's reaction to the results of the Brexit referendum. We know that. Warren and Clinton were slamming Trump on that as well. But let's take a listen to what John Oliver, the British comedian, had to say.

(BEGIN VIDEO CLIP)

JOHN OLIVER, COMEDIAN: And the thing is, later that day, he found a way to make this whole thing about himself tweeting "Many people are equating Brexit and what is going on in Great Britain with what is happening in the U.S. People want their country back."

And you might think that is not going to happen to us in America. We are not going to listen to some ridiculously-haired buffoon peddling lies and nativism in the hopes of riding a protest vote into power. Well let Britain tell you it can happen and when it does there is are no (EXPLETIVE DELETED) do-overs.

(END VIDEO CLIP)

WALKER: So his message basically is what happened there, right, in the U.K. could happen in the United States. To you, Dave, I mean you have people asking that question. Does a Brexit mean that Trump could win the presidential election? Do you think that there be a surprise waiting where, you know, he wins and we see this rebelliousness coming from the people like we saw in the U.K.?

JACOBSON: Look, Donald Trump is full of surprises. Nobody thought he would become the Republican presumptive nominee. But I think if you see sort of the volatility and the chaos that we're seeing with the global final markets post Brexit, I think that underscores the fact that Americans are tuning in to this and they're saying, you know what, that could potentially happen should Donald Trump win the presidency. And I think that's why we are seeing a nose dive with his poll numbers.

Earlier today there was a poll that came out showing him down 12 points. And so I think you are sort of seeing these trends and I think people are starting to think twice about Donald Trump and I think it also speaks to the general electorate.

First there's the primary electorate -- right. This is a guy who sort of threw out red meat talking points that appeal to the most extreme part of the Republican Party. And that is what propelled him to become the nominee. But now that he has pivoted to a general election he's really starting to turn off those moderate voters.

J. THOMAS: I am going to disagree here. I think the fact is you have to look at two key statistics. That's a right-track, wrong-track question out of the E.U. a year ago, when there was only 14 percent support for the Brexit. There was 77 percent of U.K. members thought they were on the wrong track with the E.U. -- 77 percent. 66 percent of Americans think that America is on the wrong track.

I think the fact is even if with all the economic uncertainty, voters are so frustrated. They are frustrated there and they're frustrated here. And they may vote just to do something and change the status quo. And Donald Trump is anything but the status quo.

WALKER: So obviously a lot of parallels there especially with the populist anger. You mentioned polls Dave and I want to show the latest poll NBC News/Wall Street Journal poll that just came out on Monday. 45 percent of Republican voters say that they are satisfied with Trump as their party's presumptive presidential nominee while 52 percent -- more people say they prefer someone else, more Republicans.

Now on the flip side Clinton, you have 52 percent of Democratic voters saying that they're satisfied with Clinton while 45 percent prefer someone else.

So I mean to you, John, I mean Trump's unfavorability ratings are obviously higher than Clinton. And why are we saying -- I mean Dave is mentioning Trump's poll numbers going down against Clinton as well nationally. Why are we seeing this and Trump, the things that he's been saying lately do you think he is hurting himself? And risking it reflected in the poll?

J. THOMAS: In any other election cycle where it was an anti- establishment election Hillary Clinton would be toast. But in this election cycle every time there is a moment where the anti- establishment candidate should rise up -- Orlando, Brexit -- Donald Trump steps on it. And that's why.

He keeps getting in his own way. But I think we're starting to see a shift in his campaigning. He fired his campaign manager. He's tightening up his messaging. I think he is going to start to get tighter and tighter. So I think the polling numbers will come back. Remember, it's a long time to November.

WALKER: Dave.

JACOBSON: Look, I think he is having a real unification problem. Politico reported earlier today that scores of GOP leaders are refusing to participate or have speaking roles at the convention because they don't want to ride the Trump coat tails because they're afraid it's going to impact their election, their ability to win.

The "Washington Post" and ABC News put out a poll that showed 88 percent of Democrats support Clinton. I think that really underscores the point that she is really unifying the party and that leaders and activists within the Democratic establishment and the Bernie Sanders universe are starting to coalesce behind her.

[00:30:02] WALKER: We'll talk more next hour with you two. I know, obviously there is always more to talk about.

I appreciate you both coming in -- John Thomas and Dave Jacobson.

JACOBSON: All right. Thank you.

WALKER: We're going to take a short break here. When we come back, we'll take you back to London for more on what some are calling the Brexit hangover broken promises, tumbling stocks and deepening uncertainties, the fallout over the U.K.'s vote to leave the E.U.

Also, Los Angeles wants to bring the Olympics back to the United States for the first time in more than 20 Years. We'll hear from the head of the bid committee. That's next.

(COMMERCIAL BREAK)

WALKER: Hello everyone, you are watching CNN NEWSROOM. I'm Amara Walker in Los Angeles.

FOSTER: I'm Max Foster outside Parliament here in London. And in just a few hours, E.U. leaders will gather at a summit in Brussels and topping their agenda, the lingering fallout in the U.K.'s vote to leave the E.U. Global markets are reeling in the pounds. The British pound is at its lowest level.

In three decades now as, as clear as a waterfall, some people who voted leave might never see the results politicians promised them.

(BEGIN VIDEO CLIP)

CLARISSA WARD, CNN SENIOR INTERNATIONAL CORRESPONDENT: Fear is sweeping the world's financial markets and the streets of London over concerns that Great Britain's vote to leave the European Union will trigger other nations to do the same. That could set off a wave of turmoil that some worry would be the beginning of the group of 28 nations falling apart.

Scotland is already threatening to break away from the U.K. over the Brexit vote because they want to stay in the E.U. Secretary of State John Kerry traveled to Brussels today to discuss damage control. [00:35:13] JOHN KERRY, U.S. SECRATRY OF STATE: I think it is absolutely essential that we stay focused on how in this transitional period, nobody loses their head, nobody goes off half-cocked, people don't start ginning up, you know, scatterbrained or revengeful premises.

WARD: It is unclear what a Brexit will look like. British politicians who campaigned for leaving the E.U. are already walking back a number of promises.

Most prominently, a pledge to leave campaign clustered on a bright red bus that exiting the E.U. would save Britain 350 million pounds a week, money that could be poured into the country's National Health Service.

NIGEL FARAGE, LEADER OF UKIP. PARTY: Good morning everybody.

WARD: But in an interview with ITV's Good Morning Britain, Nigel Farage, leader of the U.K. anti-immigration UKIP Party and one of the faces of the leave campaign conceded that probably wouldn't happen.

(BEGIN VIDEO CLIP)

SUSSANA REID, ITV'S HOST: The 350 million pounds a week we send to the E.U., which we will no longer send to the E.U, can you guarantee that it's going to go to the NHS.?

FARAGE: No, I can't, and I would never made that claim.

(END VIDEO CLIP)

WARD: The leave movement also promised that a Brexit would bring immigration numbers down. But on BBC News Night, one leave campaign appeared to measure expectations.

(BEGIN VIDEO CLIP)

(CROSSTALK)

DANIEL HANNAN, LEAVE CAMPAIGNER: Do not imagine that if we leave the E.U., that means zero immigration from the E.U., it means we will have some control over who comes in and then what ...

(END VIDEO CLIP)

(END VIDEO CLIP)

WARD: What's becoming more and more clear is that the leave campaign didn't really have a plan for the day after. And while they are now stalling for time trying to work out what a Brexit will look like, European leaders are saying, "Don't prolong the agony. We want swift decisive action."

Clarissa Ward, CNN, Washington.

(END VIDEO CLIP) FOSTER: Nicholas Economides is a professor at New York University Stern School of Business. He joins us from San Francisco. Thanks for joining us.

Everyone wants a swift process to this. They don't want it to be prolonged. We're seeing the markets fall, pretty much collapse in some parts of financial markets because with all this uncertainty. But Euro -- London saying they want some informal talks and the rest of Europe saying they're not going to do that. So, this isn't going to be swift.

NICHOLAS ECONOMIDES, PROFESSOR OF NYU STERN SCHOOL OF BUSINESS: Yes.

FOSTER: There's no uncertainty. It's going to be more mess, isn't it?

ECONOMIDES: Yes, unfortunately, it's going to be the way you say. The European say we want it swiftly but it's really up to the British to ask to leave. And if they don't ask for three months, they don't ask for three months and then we are in limbo in the meantime.

But I think that the British Government has indicated that they want some informal talks so that they will know what deal they will get if they ask. And to that, the Europeans have already said no. But the truth is that the British have their own problems -- sorry?

FOSTER: Yes. They want the -- there's a two years of timeline, isn't it, for formal talks? They want to go straight into that. They don't want to have any preconditions going into that. That's the explanation for their lack of interest in informal talks.

ECONOMIDES: Well, you know, that might be a pretextual explanation, I mean, I think that most things that happened in treaties have a lot of informal work before they become treaties. I think that it's not unreasonable that the British want some informal talks.

At the same time, I can see how the Europeans are playing it tough at this point. But don't vindictive but just tough so that they don't give opportunities to other countries to do the same as Britain.

I think the most important question that is looming there is what kind of regime will Britain have once it leaves the E.U.? Will it be a regime like the one Switzerland has or like the one Norway has, or is it going to be much further away like the one Turkey has? So, this is a crucial question. There's a lot of money involved in that question.

And I don't find it surprising that people want to have informal discussion. Because if in the end Britain is relegated to the position, let's say, of Turkey, being pretty far away from the market and don't having -- not having so many concessions, then I can see that a lot of British politicians will think about it again and maybe they will find a way to remain. They find -- they will find a way through a parliamentary maneuver or some other procedure to make sure that the Brexit doesn't happen.

[00:40:16] FOSTER: OK, Nicholas Economides, thank you very much indeed for joining us from San Francisco.

And Amara, this is really turning out to be the issue here. We know that Britain voted in a referendum to be in or out of the union. Well, they didn't vote on what sort of system would emerge out of it and that's all the arguments are about now which is why they are talking about another general election now or another referendum and to try to resolve what sort of system comes out of this Brexit.

WALKER: Yeah. There's a lot of critics, it doesn't seem like the people were planning for what would happen after the fact.

Max Foster, thanks for that. We're going to take a short break here. When we return, the highest court in the U.S. has made a major decision on abortion. We're going to look at the effect it could have on other cases like it next on CNN NEWSROOM.

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WALKER: Welcome back, everyone. The U.S. Supreme Court has struck down a Texas law that restricts access to clinics that perform abortions. The 5 to 3 ruling is the most significant decision the court has made on abortion in two decades. In their opinion, the majority justices wrote that the law claimed to protect women's health but in reality, burdened women who sought abortions. Their decision could affect more cases going through the lower courts.

Let's talk more about this and what this all means, Lisa Bloom joining me now from more on this ruling, from the United States Supreme Court. She's a trial lawyer at the Bloom Firm and Legal Analyst for Avo.

Good to have you here. Thanks so much ...

LISA BLOOM, VICTIM'S RIGHTS ATTORNEY: Thank for having me.

WALKER: ... for this. So, let's first talk about the implications of how significant this decision was.

BLOOM: Right. This was a monumental ruling. This is up there with Roe v. Wade back in the early 1970s and then Planned Parenthood versus Casey about 25 years ago which upheld the right to have an abortion in the United State for American women but just barely.

[00:45:04] Today, the court came out very squarely in favor of that constitutional right and said that laws that burden that right that imposed an undue burden. Those are the two most important words, that undue burden. Those laws are going to be struck down because women have to have the right excuse.

WALKER: So what exactly was in -- were in these Texas laws that would have prevented women getting access to abortion clinics?

BLOOM: So, what Texas said was we're not trying to take away the right to choose abortion. We're trying to protect women's health. And so, what we want is for abortion clinics to meet all kinds of regulations. All of the doctors have to have admitting privileges. And there have to be all kinds of procedures for these surgical centers. Their hallways have to be of certain width and so forth.

But the Supreme Court saw through it and I think the message is don't try to outsmart the justices on the Supreme Court because they're going to see through a smoke screen like this. And what they said was, look, abortion is one of the safest procedures in America. There's almost no deaths or serious complications. Other procedures like vasectomies or colonoscopies are performed in similar kinds of centers and there are no regulations on those centers. Why is it just on the abortion clinics? Obviously, it's not to protect women.

WALKER: What about the other states, I mean, there are several states particularly in the Dee South that have these kinds of rules on the books, I mean, very similar laws.

BLOOM: Right.

WALKER: So, does this mean that those laws are null and void?

BLOOM: Well, they're going to have to be challenged individually because they're all a little bit different but the message is if you are imposing an undue burden, those laws are unconstitutional and what that means is if women have to drive hundreds of miles, that's not fair.

If in this case, there were 40 clinics and if the law would have gone into effect, it would come down to about even eight according to the ruling, right? I mean, that's just not right. They would have had five times as many customers, they wouldn't have been able to handle it.

And just as Ruth Bader Ginsburg who's really a heroine for women's right in this country, has been all of her life, at 83 years old, still going strong in the Supreme Court. And she wrote separately to talk about women who are in desperate circumstances and they would have to resort to unlicensed practitioners and that's just not acceptable.

WALKER: Well, obviously, huge victory for abortion rights advocates. It's great to get your expertise on these, Lisa Bloom. Thank you for coming in.

BLOOM: Thank you.

WALKER: All right. We're going to take a short break here on CNN NEWSROOM. When we return, you're going to hear how Los Angeles hopes to convince Olympic officials that it is the best host for the 2024 game.

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[00:51:17] WALKER: Welcome back everyone. The governor of Rio de Janeiro is warning the upcoming Olympic Games could be a big failure. He's telling all global daily newspaper the state is still waiting for an $850 million bailout from the federal government. He says without that money, police patrols are likely to stop. The governor also says the subway line connecting Rio with venues outside the city is still week away from completion.

In the meantime, the City of Los Angeles is competing with Budapest, Paris and Rome to host the 2024 Olympic and Paralympic games. Here's part of their video featuring some of the city's favorite athletes and celebrities.

(BEGIN VIDEO CLIP)

UNIDENTIFIED MALE: Wow, 2024.

UNIDENTIFIED MALE: So when we got eight years.

UNIDENTIFIED MALE: What I'll be doing. I'll be ...

UNIDENTIFIED FEMALE: I'll be ...

UNIDENTIFIED MALE: 2024, I'm going to be doing what I love.

UNIDENTIFIED MALE: Doing some pretty weird stuff.

UNIDENTIFIED MALE: In 2024, I'll be right here in the City of Angeles watching the Olympics.

(END VIDEO CLIP)

WALKER: Joining me now is Gene Sykes, he is the President of the L.A. 2024 Olympic Commission. Good to have you on the program and congratulations for getting this far thus far. As I have to cross, ask you Gene about the strategy here, I mean, how do you convince the IOC that hey, Los Angeles is a place to have the 2024 Summer Olympic?

GENE SYKES, CEO L.A. 2024 OLYMPIC BID COMMITTEE: Well, it's a good question and that's what our job is for the next almost 15 months because the IOC makes the decision in September of 2017.

And our advantages or our argument is that Los Angeles is a tremendous place for the Olympics for two or three reasons. One is we have the Olympic DNA here in Los Angeles having hosted the games in 1932 and 1984. They were both very successful games but we don't want to sit on the legacy. Since 1984, Los Angeles has become a much more interesting city. It's really a multicultural city, perhaps the most multicultural city in the United States.

We have tremendous infrastructure here so that we can actually host a no-risk very financially-disciplined Olympics with all the existing infrastructure, arena, stadia, et cetera that we already have here.

And then finally, Los Angeles is really at the center of the confluence of content creativity, this is of course Hollywood, as well as technology. The Silicon Valley has come to Hollywood as represented by so many of the things that have happened in the digital media economy in the past several years. And this is a place where that conserves the purposes of the Olympic Games.

WALKER: And so, let's talk a little bit more about infrastructure. I mean, because we know L.A. is a very large, sprawling city. Do you think that's a major advantage? And, you know, would new stadiums have to be built or transportation have to be updated if indeed you were to get the bid?

SYKES: If we get the bid, we don't have to build anything significant at all. The only thing we're going to build is a new slalom canoe facility and we'll do that at a very small amount of money. It won't cost us a lot to do that.

There is a new stadium coming to Los Angeles and that's the Rams stadium which will be here in a couple of years. They'll host the 2021 Super Bowl in that stadium. That was never part of our plan. So, that may, you know, get incorporated into our plan. It's something we can add to what we've already talked about but that's an extra added benefit.

WALKER: I have to ask you this because this has been in the headlines for the past several weeks, if not, months and that's Brazil and Rio's Olympic Games that are coming up in just a few weeks and we see just what a mess Brazil is doing with right now when it comes to the political crisis, it's in a deep recession, you've got Zika, you have rampant crime.

[00:55:08] Just curious, you know, what your perspective is about what's going on? A lot of people wondering, will Brazil be ready in time for the Olympics? I mean, how concerned would you be if you were in charge of the committee there?

SYKES: Well fortunately, I have met the leaders of the bid committee. I was in Brazil myself about a month ago. I think everything is going to be done which is a great advantage. I think they'll have spectacular facilities and I think they'll actually have wonderful games.

I think the Brazilian people will be incredibly hospitable. And I'm hoping this becomes a turning point for Brazil, but I expect the games to be very, very well run in Brazil. And we're all very optimistic about having a great experience there.

WALKER: Well, we wish you all the luck. The voting is what? September, 2017.

SYKES: Yes, it is.

WALKER: And we appreciate you coming in, Gene Sykes. And, of course, we do hope that you continually come in to our studio to update us on the prospects.

SYKES: Thank you.

WALKER: Thank you so much.

SYKES: I look forward to it.

WALKER: Absolutely.

All right, and that is all the time we have for this hour. I'm Amara Walker in Los Angeles.

FOSTER: I'm Max Foster outside the British Parliament in London, much more on the fallout from the Brexit vote after this short break.

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[00:60:06] FOSTER: Hello and welcome to our viewers in the United States and around the world. I'm Max Foster outside the British Parliament in London where it just turned 6:00 on Tuesday morning.