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Quest Means Business
Pound Rallies as "Remain" Camp Gains in Poll; European Council President Hopes Britain "Remains"; Stoke City Chairman Worried About Brexit; Chelsea Clinton Leaves Hospital After Birth of Son; Nissan: "Leave" is Misrepresenting Our Brexit View; Lewandowski: I Don't Know Why I Was Fired; Poll: Support for Stricter U.S. Gun Laws Growing; British Lawmakers Pay Tribute to Jo Cox; Possible Personal Items from MH370 Found; Rio in State of Emergency Ahead of Olympics. Aired 4-5p ET
Aired June 20, 2016 - 16:00 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
[16:00:00] RICHARD QUEST, CNN ANCHOR: Let's hear the bell. I've got a good feeling about this. I think we'll have a robust, firm gavel to bring
trading to a close. Hit the gavel, sir. I could not have been more wrong. That was the wimpiest gavel of the month. But trading is over. It is
Monday, it's the 20th of June.
Tonight, call it a referendum rally. The British pound comes roaring back. The Premier League was Europe united. I'll speak to the chairman of Stoke
City football club.
Literally, he's fired. Donald Trump sacks his campaign manager who says he really doesn't know why. I'm Richard Quest. All this week, we are live in
London. It's referendum week. And of course, I mean business.
Good evening from the British capital. The pound sterling has staged its biggest single day rally in more than seven years. And the reason, a
series of polls over the weekend and into today that show momentum shifting to the campaign to keep Britain in the European Union. Throughout the
campaign, sterling has seesawed along with the polls. Now, just a few days ago, if we take a look at this, just a few days ago, the "Leave" campaign
was very firmly in the ascendancy. So as the "Leave" firms, then dollar hit one dollar fell 40. "Leave" goes up, pound goes down. And some polls
even showed that "Leave" with a 7-point gain over "Remain".
Now, opinion appears to have swung the other way for whatever reason and we can discuss that over the course. A poll of polls shows a tie between the
two, "Leave" and "Remain". The effect, of course, of bringing that down towards "Remain" means the pound has gone up to 1.47. The polls have been
notoriously unreliable. The result is still too close to call. And there is most definitely a large element of undecided.
But to give you a perspective on this, sterling over the last, say, 12 months is actually down round about 7.5 percent from where it was 12 months
ago. But within that 12-month period, it's actually moved about 13 percent to 15 percent from a high of 1.58 to a low of 1.38 and now it's at 1.47.
Across the European Union, investors celebrated what they perceived to be a shift towards "Remain". Take a look at the markets. The FTSE, the Dax and
CAC and SMI some of them were up over 3 percent. The best gains were seen interestingly in the two markets with banks being amongst the biggest
gainers. Gillian Tett, is the U.S. managing editor of the "Financial Times" and joins me from New York. Ms. Tett, I venture to suggest to you
that what we're seeing is nothing more than a bit of froth and scotch mist that could disappear if the polls go in the opposite direction.
GILLIAN TETT, U.S. MANAGING EDITOR, FINANCIAL TIMES: Well, Mr. Quest, you are talking like a gamy Brit, indeed. Here in New York, people are very,
very nervous about what might happen. Essentially what you saw today was a relief rally in reaction to the poll numbers of last week, which, frankly,
people could barely believe. I think most American investors hadn't thought much about Brexit really until the end of last week. When they
suddenly saw the poll numbers. It still, though, neck and neck. I mean, ST had its own poll of polls, which it says it's basically 48 percent want
to leave, 48 percent want to stay. That leaves 4 percent to play for. So we really don't know what's going to happen. But what's clear is there's a
lot of money riding on the result. A lot of hedge funds have put in positions and people are going to lose next week -- or this week no matter
what the result.
QUEST: All right. But, Gillian, that undecided will obviously -- in all elections, in all referendums, it's the undecided that have the final say.
But I mean, on a serious note of what we're doing, the momentum, it is the mere fact of momentum towards "Remain" for whatever reason, whether we can
say it was because of the appalling murder of Jo Cox or more sober reflection, or the new tone of the debate. What do you think the reason
is?
TETT: Well, here's the issue. History suggests that you tend to get the status quo picking up momentum towards the end. Because people are always
very scared of change, whether that's when people were voting to leave Scotland, whether it's about the Brexit vote, anything else.
[16:05:00] What makes it potentially a little bit different this time around is that it tends to be the older generation who are more in favor of
Brexit, of leaving European Union, it's the younger generation that tend to be more in favor of staying. And what we do know from recent elections is
that it's very hard to get the youth vote out. The reason why the polls in Scotland turn out to be so wrong, when they were suggesting there's a high
proportion of people to leave and in fact Scotland voted to remain with the United Kingdom, a key reason there was it was the younger people to leave
and the older people who wanted to stay. And the older people went out to vote. This time around is the other way around.
QUEST: Well, the gloom of the question, you're a bit gloomy too if you'd been around Britain last week and rained on as much as I have. I have
never seen so much rain fall on one person in such a short -- since Noah and the flood.
TETT: Well I actually was there last week as it happened. And I would say I've never seen Brit's, who generally tend to be very cynical and very
apathetic about politics, and want to see consensus. I've never seen so much anger, vehement and such high emotions. If you want to be optimistic,
this is Britain discovering what democracy really means. If you want pessimistic, this is a wound in terms of British psyche that, frankly, is
not going to be healed this week any time soon.
QUEST: Gillian Tett, in New York, thank you, ma'am, thank you.
TETT: Thank you.
QUEST: To Wall Street where the Dow opened as much as 250 points and then fell back slightly. Not entirely certain why it gave us back -- gave back
the gains having had such a promising start. Alison Kosik at the New York stock exchange. Allison, good start, gains dwindled. Simple question.
Why?
ALISON KOSIK, CNN MONEY CORRESPONDENT: It's all about the profit taking right now. You know, because the market's been in flux, especially over
the past week or so as we get closer to the vote on Friday. And what you saw happening today was about what you've been talking about, all about the
opinion polls. Showing voters want the U.K. to stay in the EU. If the polls are true, the way the market sees it, less uncertainty. Which
investors see is good. Now, what carried the Dow through the strong numbers today? We saw shares of Boeing, Goldman Sachs, 3m, that
contributed to most of the gains we saw. Consumer discretionary stocks that led almost all of the S&P sectors higher. Disney, Nike, Home Depot,
contributed to the rise in the S&P 500. In fact, Richard, we saw the benchmark index briefly topping the psychologically key 2100 level. Kind
of a relief rally based on those polls. We shall see if it carries through the rest of the week. Expect it to be volatile though even until Thursday,
Friday.
QUEST: Alison Kosik in New York at the stock exchange. Let's put all of this into some perspective. Joining me now is Aaron Banks. He cofounded
the leave.EU and he's donated nearly $9 million to the campaign so far.
AARON BANKS, CO-FOUNDER, LEAVE.EU CAMPAIGN: Good evening, Richard.
QUEST: Good evening, sir. Thank you. Nine million, whether it's 8 or 9 or $10 million I suspect even you're not sure just how much it is at the
moment.
BANKS: Depends on how quickly the pound goes up and down.
QUEST: Good answer. Look. The reality is, though, that there's been a shift. There's been a shift in the polls.
BANKS: So you say.
QUEST: No. The polls are showing the shift. They're showing a shift towards at least the advance of "Leave" has been arrested.
BANKS: Well, if the last six months we've carried on our own internal polls over 10,000 people every week and we've seen virtually no shift.
QUEST: You still believe that the sort of gain, the sort of lead that you were seeing last week holds true?
[16:10:00] BANKS: I would say the leads about 3 or 4 points and been steady for quite some time.
QUEST: What do you make of -- I understand that the polls are notoriously unreliable.
BANKS: Well, let's think of the financial markets. I have traded commodities and currencies for 25 years. The market knows no better than
anyone else what the result is. You should know that.
QUEST: Right. I do. But the market today is telling us that "Remain" locks in a stronger position, I'll put nowhere more than this.
So are you really saying Brexit is driving world markets? I don't think so.
QUEST: I'm saying that the market seemed to be telling us today, the pound up 2 percent, the FTSE, the DAX, the CAC, all up 3 percent. Seems to be
saying that the prospect of "Remain" is looking more like --
BANKS: I'll grant you one thing. We climb in a wall of fear in the Brexit campaign and I think the public are way ahead of the politicians and
establishment. And the vote's out for the establishment and the money markets are struggling to come to grips with that sort of truth.
But to answer your question, sterling is pretty much unchanged over three months. It goes up it goes down. It's not really moving much.
QUEST: The shocking, obviously, murder of Jo Cox --
BANKS: Yes.
QUEST: -- which rightly everybody has condemned in the strongest possible terms.
BANKS: Tragedy.
QUEST: But you believe it's legitimate to put it in terms of how it will affect or might play into it?
BANKS: I think there's a danger that the political elite, particularly on the left, don't want us to talk about immigration. We most certainly do
want to talk about it. We certainly won't see that subject suppressed for the last, you know, two or three days and what the public want to talk
about.
QUEST: How do you talk about that issue of immigration without, for instance, the now discredited poster that Nigel Farage stood in front of
coming over, coming back?
BANKS: We said right at the very beginning, we need a moderate policy. We need a policy to get back to 30,000 to 50,000 people a year and moderate
and is proportionate.
QUEST: Michael Groves said over the weekend, he shuttered when he saw that poster. Do you shudder when you see that poster?
BANKS: Well I think there was an issue they don't want to grapple with the problem. You know, it's true is like poetry. No one wants to listen to
it.
QUEST: That wasn't really my question.
BANKS: Try again.
QUEST: I shall. Do you think that poster was a bad idea?
BANKS: No.
QUEST: Why not?
BANKS: Because we want to --
QUEST: Even though it was Syrians, not heading towards Britain.
BANKS: Yes.
QUEST: there was no connection between Eastern Europeans, who you claim are coming over here.
BANKS: I fundamentally disagree with that. The Schengen zone is broken. And I think that say that they're not coming over here. But it's causing a
dislocation in Europe. And that's part of the thing. If you actually looked at the poster said Europe wasn't working. It didn't talk about the
U.K.
QUEST: The ultimate result, obviously will be on Thursday, the Prime Minister, David Cameron was passionate when he spoke on the BBC on Sunday.
And he basically made the point, you know, he sits two yards away from where Winston Churchill fought so that Europe remained whole. Do you, sir,
and your side are fighting the opposite they would say.
BANKS: I disagree with that. I mean, the Prime Minister is an experienced PR guy. He knows how to pump it up. He knows how to dial it down. He
knows how to control things. I don't believe a word he says.
QUEST: One --
BANKS: As comparing it with Churchill. I mean --
QUEST: But Churchill wanted a united Europe.
BANKS: No, he said that he wanted Europe to be united, but Britain not to be part of it. That's what he said.
QUEST: He said with Europe and not part of it. Very good.
BANKS: Yes.
QUEST: In the next 48 --
[16:15:00] BANKS: By the way, we might be doing Europe a favor by leaving. Because I think it will cause a fundamental realignment within European
Union. It might actually bring some sanity back to the situation.
QUEST: In the next 48 hours, how much more are you prepared to spend?
BANKS: No, no, no. We have been timed out by the electoral commission. We can spend 700,000 pounds up to the end of the month.
QUEST: I am speechless.
BANKS: Is that the first time that's happened?
QUEST: I am speechless at the audacity.
BANKS: Thank you.
QUEST: Good to see you, sir.
BANKS: Thank you, Richard.
QUEST: Very much, indeed.
The newsletter is my Profitable Moment. Time for a reflection, but also this question of the markets and just how quickly the gains could reverse
if "Leave" were to put on weight in the next 48 hours. You need to sign up to the CNN money.com newsletter. CNNmoney.com/quest. Subscribe. It
arrives after the New York close but before the Asia open.
The head of the Premier League says it's unanimous. English football teams want to remain in Europe and I'll discuss the referendum on and off the
pitch with the chairman of Stoke City. It's QUEST MEANS BUSINESS and we are in the U.K. all week.
(COMMERCIAL BREAK)
QUEST: Well, the referendum rhetoric in Britain trying to be less toxic. The message of Europe is we need you. It's a plea from the president of
the European council Donald Tusk. He urged the British people to in his words, "Stay with us." While Sir Richard Branson has launched his own
campaign to keep Britain in the EU. The Virgin Group employs around 50,000 people in the country. Sir Richard says a Brexit would be devastating for
the United Kingdom.
(BEGIN VIDEO CLIP)
RICHARD BRANSON, FOUNDER, VIRGIN GROUP: If we were to give it up, I think it would be pretty catastrophic for the long-term future for the Great
Britain. But I also think it would be pretty catastrophic for the long- term future of Europe.
I think as far as Great Britain is concerned, it would be a financial disaster. You'd see the pound collapsing and trade being stifled. And,
you know, a danger that things like the financial center of Europe being in London could easily move to Europe.
(END VIDEO CLIP)
QUEST: Now, that video was from Sir Richard Branson's own campaign towards campaigning for a "Remain". Meanwhile, head of the English Premier League,
Richard Scudamore, says all 20 clubs want to stay in Europe and he believes that Brexit would be incongruence with the openness of English football.
The very issue of the relationship between the football players and their owners and the EU referendum is really one that's quite obvious. The owner
of Stoke City football club says it would be an own goal to leave the EU. Peter Coates bought the Potters for second time in 2005. Within three
seasons, the club went from the lower league strugglers. It's now a Premier League stalwart. Always in the middle. Never gets up to the top,
and never falls down to the bottom. So last week, as part of our Brexit bus, I went to Stoke City and asked Mr. Coates how a Brexit would impact
their ability to buy top European players.
(BEGIN VIDEOTAPE)
PETER COATES, CHAIRMAN, STOKE CITY FOOTBALL CLUB: The fact is if they're in Europe and got European passports, we simply do not have a problem.
They just come. If we're out of Europe, that's situation changes. So it's fairly straight forward basically. So what we have got now works very well
now for us. What we have in the future, should we leave, won't be anything like this so good and we will definitely find it more difficult. And the
other European football countries, well, will be pleased because they're envious of the success of the Premier League.
QUEST: Your costs go up, though, to buy players overseas --
COATES: Clearly.
QUEST: -- If sterling goes downs. Is that a concern?
COATES: Of course, yes. It is a concern. You know, I mean, they'll be the counter argument helping exports. On the other hand, I think a strong
pound usually indicates a strong economy.
QUEST: For your main business, that 365, I was trying to work out is it a positive or a negative?
COATES: It's a negative.
(END VIDEOTAPE)
[16:20:00] QUEST: there we have President Clinton and Chelsea Clinton who has just, of course, given birth to a baby boy. She's leaving hospital.
We're waiting to see if we can see Hillary Clinton, who's also there. Chelsea Clinton leaves hospital after the birth of her son. It is the
second child for Chelsea Clinton and her husband Marc Mezvinsky. Chelsea tweeted, "That the weekend at 7:41 on Saturday our family and hearts
expanded with Aidan's arrival. We are blessed." They may be blessed, but we can't actually see Chelsea Clinton. It seems she's gone straight into
the car.
But as you can see a very large number of people outside the hospital. And I'm guessing that that gray hair just over the top is president Clinton.
The couple's first child is named Charlotte and was born in September 2014. And the interesting aspect of this, of course, is Hillary Clinton describes
herself not only as a wife, a mother, but as a grandmother, and in an irony of ironies in the same year as Mrs. Clinton becomes a grandmother again --
oh, there we go. There we go. Donald Trump also becomes a grandfather again with Ivanka. There's the president or the former president,
President Bill Clinton. Well, there you are.
With just days until the referendum, carmakers are sounding the alarm. Join me at the super screens. Nissan is filing a lawsuit against the vote
"Leave" campaign. It says "Leave" is grossly misrepresenting the car giants' positions and its logo has been used without permission in the pro
Brexit leaflets. Jaguar, Land Rover, Toyota, BMW and Vauxhall, all support Britain remaining in the EU. And the SMMT, society of motor manufacturers
and traders, says the auto industry in the U.K. thrives on exports. Group's chief executive tells CNN that Brexit could damage trade deals that
support those exports.
(BEGIN VIDEO CLIP)
MIKE HAWES, CEO, SOCIETY OF MOTOR MANUFACTURERS AND TRADERS: If there is a vote to leave, on Thursday, then clearly the focus will be on securing a
free trade agreement with the rest of the EU. What happens to TTIP. That's a tremendous price for the automotive industry on both sides of the
Atlantic.
(END VIDEO CLIP)
QUEST: The CEO of Aston Martin said that the British car industry has never had it so good. And the Brexit would hurt growth. It's important to
note that he told his employees, unlike other CEOs, he said it's up to them how they vote. He would be neutral in terms of what he said he thought
they should do. But of course, when I spoke to Andy Palmer at the Aston Martin headquarters, he told me his employees must make up their own minds
about which way to vote.
(BEGIN VIDEOTAPE)
ANDY PALMER, CEO, ASTON MARTIN: Will there be less growth? I think my view is there will be less growth. There will be growth and less growth,
particularly between now and 2020. And instability is always bad when it comes to selling cars. We know that from many, many crises. Generally
speaking, there will be instability. Now, the question is, and this is the personal question, which I think you can't impose on anybody. If you
accept that there is going to be some negatives on your industry and you accept there's going to be instability in the market and it could cause
difficulties in the short term, are you prepared to trade that for sovereignty and immigration rights and et cetera, et cetera? And
corporately I can't answer that for people.
QUEST: But that is the issue, isn't it?
PALMER: That is the issue.
QUEST: That's the core issue in this referendum.
PALMER: Yes. Absolutely. And it's a very personal discussion, isn't it? Very personal choice. I think we shouldn't kid anybody that it isn't going
to make industries job harder. It will. Can there be short term? Maybe. Doesn't matter. I think what we should outline is it will mean that the
U.K. industry needs to become more competitive in the short, medium and long term to offset the negative effects.
QUEST: I would have thought you're selling expensive cars --
PALMER: Yes.
QUEST: -- in a difficult trading environment against ferocious competition from competitors with deep products and I thought you would have been
absolutely terrified at the prospect of being outside the single market.
PALMER: Look, I can't control it. And the role of the chief executive, I think, is basically to roll with the punches.
QUEST: Is the British car industry more at risk?
PALMER: When you invest in a new car, you are talking about a ten-year year or probably more like 20-year investment because you build a factory,
you build a platform, you build an upper body, a platform usually lasts for two cycles. So it's not a question of making a decision, you know, on June
24th because you won't.
QUEST: Assume Brexit is the decision.
PALMER: Yes.
QUEST: It will be as important what that negotiation looks like --
[16:25:00] PALMER: Yes.
QUEST: -- for industry. Because those large car companies and investors will be making multi-year investments. Perhaps predicated on that.
PALMER: Yes, eradication of uncertainty. So what does it mean in terms of tariffs? Will there be a tariff? Can it be negotiated out? Let me remind
you that the UK exports a lot more cars than it imports. So, you know, where does someone like Mini sit as an example of a very British motorcar?
Is it a problem if it's 10 percent more expensive? Yes, of course it's a problem. So you've got to look at that. And at the same time you have to
look at what you believe the Forex is going.
So it's a complex decision matrix which becomes relevant or not after the - - you know, on the 24th of June. Bear in mind that today the British car industry, frankly, never had it so good. You have some of the most
efficient labor in the world. You have a weak sterling. You have tariff free barriers. So anything that changes that status quo, the car companies
aren't going to like. Now, as you change that status quo, it's really going to be are the tariffs in place? You can listen to the noise and make
your own decisions. Will sterling weaken? Probably yes. How long for?
(END VIDEOTAPE)
QUEST: That's the CEO Andy Parsons of Aston Martin.
Donald Trump has fired the campaign manager just weeks before the Republican convention. Corey Lewandowski has told CNN he doesn't know why
he was let go so unexpectedly. CNN Chief Political correspondent, Dana Bash asked Lewandowski in effect what happened?
(BEGIN VIDEOTAPE)
COREY LEWANDOWSKI, FORMER TRUMP CAMPAIGN MANAGER: I don't -- I don't know the answer to that but I know what is what we have been able to achieve in
the election cycle has been historic. We had a candidate who in June of last year announced he was going to run for president with no elective
office experience in a field of 16 other people in the race plus him. Who's gone on to do something historic. Which was got almost 14 million
votes. And fundamentally changed the way people look at politics.
And I'm proud to have been a small part of that. And running as the outsider of this campaign, which he has done, running against the corrupt
Washington, D.C. establishment and political correctness has been something I'm proud to be a part of. Things change as the campaign
evolves. And a general election campaign against a very well-funded giant organization like the Clinton campaign is very different than running
against those smaller, primary state elections, even when it was a big day.
DANA BASH, CNN CORRESPONDENT: So, you think it was appropriate for Donald Trump to make the change and let you go?
LEWANDOWSKI: What I think is that the voters have a binary decision coming up on election day. They can vote for Hillary Clinton and her liberal
policies or they can put someone in place to change Washington. And I will do everything I can to make sure that the latter of those two happens.
Which means Donald Trump is elected president. If I can do that inside the campaign, it's a privilege. If I can do that from outside the campaign,
that's also a privilege.
BASH: Did Mr. Trump himself call you this morning and say, I don't mean to use this term, but it is the term, you're fired?
LEWANDOWSKI: I had a nice conversation with Mr. Trump, and I said to him, it's been an honor and privilege to be part of this. And I mean that from
the bottom of my heart. I think as you look at how small this team has been, and how close knit this team has been, it's really important to know
that there are highs and lows of every campaign and we have been through them together. And in order to be successful, we need to continue to build
that team and build those relationships with the RNC. And utilize the resources that they have available to us. So that's where the campaign is
going and it's been a great privilege. Look, I wouldn't change one second. The hardest part for me has been just not being able to spend the time with
my family I have wanted to over the last the last 18 or 19 months. But I would not look back. I have no regrets. It's such a privilege and honor
to have been a very small part of this. To learn and experience what he's been able to achieve in the electoral success that he has had. It's been
truly amazing.
(END VIDEOTAPE)
QUEST: Now that's Corey Lewandowski talking to Dana Bash.
Britain Parliament was recalled today to pay tribute to the murdered MP Jo Cox, because her legacy with her friend and fellow labor politician
Tristram Hunt.
(BEGIN VIDEOTAPE)
TRISTRAM HUNT, BRITISH LABOUR PARTY, MP: We're here today to remember an extraordinary colleague.
(COMMERCIAL BREAK)
[16:31:42] QUEST: Hello. I'm Richard Quest. There's more QUEST MEANS BUSINESS in just a moment. I'll be talking to the man says he's found
possible personal items from MH 370. We'll show you how Rio's master pick pockets hoping to target tourists at the Olympic games. Before that, this
is CNN, on this network the news always comes first.
British Lawmakers Returned to Parliament to pay tribute to their colleague Jo Cox who was killed in her constituency last week. The Prime Minister
David Cameron called her a loving, determined, passionate and progressive politician. While Labour leader Jeremy Corbyn said she was a kinder,
gentler politics in the wake of her murder.
Donald Trump fired his campaign manager only weeks before the Republican convention. Corey Lewandowski told CNN, while he doesn't know why he was
let go so unexpectedly, he will continue working to make sure Trump wins the White House.
Support for stricter gun laws in the United States has grown in the days following the deaths of 49 people at a night club in Orlando. According to
a new CNN/orc poll, 55 percent of Americans say they favor stricter gun laws generally. It's the highest to say so since January 2013 in the
aftermath of the Newtown Elementary School shootings.
More than 65 million people have been force bring displaced as of the end of last year, 1 percent of the world's population. United Nations Refugee
Agency says it's the highest number ever, including following World War II. More than half of the world's refugees have come from three countries,
Syria, Afghanistan and Somalia.
British politicians gathered at a special session of Parliament which had been recalled from its adjournment. They were paying their respects to Jo
Cox, who was murdered in her constituency last Thursday. Westminster had been in recess ahead of the EU referendum and lawmakers from the entire
political spectrum came together to honor Mrs. Cox's life. CNN's Becky Anderson reports on an emotional day at the Palace of Westminster.
(BEGIN VIDEOTAPE)
BECKY ANDERSON, CNN CORRESPONDENT (voice-over): Under gray skies and dappled sunshine, the union flag was lowered to above the British
Parliament. Inside on the green leather benches the White Rose of York Shire and the Red Rose of the Labour Party placed at the seat where Jo Cox
used to sit. In an extraordinary session of Parliament British lawmakers gathered to pay tribute to their extraordinary colleague. Led by Labour
leader, Jeremy Corbyn, they remembered Jo Cox, the humanitarian.
JEREMY CORBYN, BRITISH OPPOSITION LEADER, LABOUR PARTY: Jo Cox didn't just believe in loving her neighbor. She believed in loving her neighbor's
neighbor. She saw a world of neighbors. She believed every life counted equally.
ANDERSON: The politician.
[16:35:00] DAVID CAMERON, BRITISH PRIME MINISTER: We pay tribute to a loving, determined, passionate and progressive politician, who epitomized
the best of humanity. And who proved so often the power of politics to make our world a better place.
ALISON MCGOVERN, MEMBER OF PARLIAMENT, LABOUR PARTY: When Jo spoke, Mr. Speaker, we all listened. Why? Because the principles she drew on in that
speech and in life is the simple idea that we have more in common than that which divides us.
ANDERSON: And their friend.
STEPHEN DOUGHTY, MEMBER OF PARLIAMENT, LABOUR PARTY: She once told me, in a meeting at Oxfam as my manager she didn't do touchy feely an I was being
too emotional and we need to get on with it. And we needed to sort out the campaign we were working on.
ANDERSON: And words of comfort from another former co-worker at Oxfam and also a fellow MP.
EILIDH WHITEFORD, MEMBER OF PARLIAMENT, SNP: I want to remember Jo Cox for how she lived, not how she died. And I want her to be a symbol of the
politics of hope, not the politics of fear.
ANDERSON: One of Jo Cox's best friends said that carrying on her work was a best way to remember her.
RACHEL REEVES, MEMBER OF PARLIAMENT, LABOR PARTY: To combat and guard against hatred, intolerance and injustice. To serve others with dignity
and with love. And that's the best way to remember Jo and all that she stood for. But last, let me say this. Batley and Spen will go on to elect
a new MP, but no one will replace a mother.
ANDERSON: As a family of Jo Cox watched from above in silent dignity, out of sight of the cameras, in rare and emotional scenes, MPs broke into
applause in memory of a fellow parliamentarian. While the empty chair left by Jo Cox will be filled in time, she will always have a place in British
politics. Becky Anderson, CNN, London.
(END VIDEOTAPE)
Joined now by Tristram Hunt, a member of Parliament for the Labour Party, for Stoke, actually, and a close friend of Jo Cox. Mr. Hunt is with me
now. What we saw today, if we have seen the worst of politics in the last two months since the referendum was called, today we saw many ways the best
of it. What was the mood in the chamber like?
TRISTRAM HUNT, BRITISH MEMBER OF PARLIAMENT, LABOUR PARTY: The mood in the chamber was incredibly somber. It was emotional. There were these
heartfelt remembrances of Jo as a politician, as a campaigner, as a charity worker, but also, as a mother and as a friend. And I think there was a
strong sense that in this referendum, which is often been rather divisive and ugly, actually you also as you say had the best of the political
traditions coming forth. So it was a very emotional time actually.
QUEST: How well did you know?
HUNT: Since she was elected. I had dinner with her and her husband Brendan on a wonderful houseboat they had.
QUEST: What was it like?
HUNT: It was gorgeous. I mean -- I'm quite tall and Jo is small. So she could deal with the boat rather better than me. They lived this beautiful
Bohemian Life split between London and her constituency Batley and Spen in Yorkshire and also this remarkable cottage they had over near Wales. And
one of the many tragedies is that this weekend was going to be the big sort of Summer Solstice party when they brought their friends and family
together to this very disserted location. So she was a very special person. And she touched people's lives.
QUEST: The way in which the political establishment, for want of a better word, has come together. How do you -- you're an MP and the colleagues --
how do you ensure it survives a little bit longer than the rose that you're wearing?
HUNT: I think we need to continually reflect on the nature of her life and the purpose she gave to the politics that she was so invested in. And
times change and memories fade and all the rest of it. So, it sort of behooves us, and that was really sort of a commitment to sort of covenant
in the chamber today that actually we wouldn't forget that. But democracy is a, you know, tough political process. And, you know, you're covering
the American presidential elections and to and fro and can't lose sight of that, as well.
QUEST: Yes, but I was talking to Alastair Campbell, over the weekend, on this very issue, at one of the rallies. And he basically said when I said
will this feeling of unity last? He says, you have to remember that the issues of the referendum are very passionate.
HUNT: Yeah, yeah.
[16:40:00] QUEST: And for both sides, it's a once in a lifetime chance to either get the U.K. out, or keep it in.
HUNT: No, these are hugely emotional issues about immigration and nationhood and sovereignty and identity. And they go right to the core of
many people's political beliefs. And so as a result of this referendum process we are seeing a high level of emotion in our politics. I mean, you
know, you looked at I think a very ugly poster we saw about breaking points, about refugees coming in to Europe, and I think Steven Kinnock, a
close friend of hers, reflected in the chamber today that was not the politics that Jo believed in. And so, we do have an even heightened sense
about this referendum as a result of the terrible, terrible murder of Jo.
QUEST: Thank you, sir. Thank you for tabling the time on a sad day.
HUNT: Thank you.
QUEST: Thank you very much indeed for coming in and talking to us. Much appreciated.
When we come back, there is a man who is going around islands in the Western Indian Ocean, Blain Alan Gibson, he is finding pieces of MH370 and
now may have found some personal effects from those who were on board.
The question, of course, is why is he doing it? Well, Blain Alan Gibson will be on QUEST MEANS BUSINESS after the break.
(COMMERCIAL BREAK)
QUEST: Now I have some news to bring you, a man arrested for trying to disarm a police officer in Las Vegas on Saturday. Here's the pictures.
(BEGIN VIDEO CLIP)
Excuse me. It all happened inside a Donald Trump rally. And the man apparently says he intended to use the gun to harm Trump who is the
presumptive Republican nominee. When we have more details on that we'll bring them to you as they emerge.
(END VIDEO CLIP)
Possibly new clues have emerged in the search for the missing Malaysia airlines MH370. Blaine Gibson is and American lawyer who has been
searching the beaches of Madagascar for debris and said he found what could be personal effects from the victims of the crash. Found a small backpack,
a purse, a computer case in the same spot where he has found what appears to be pieces of the aircraft. The search for the plane remains ongoing far
off into the Southern Indian Ocean. The plane had 239 people on board. And it went missing in March of 2015. Mr. Gibson's been documenting his
finds. And sending debris to investigators. He gave CNN this exclusive video.
(BEGIN VIDEO CLIP)
BLAINE GIBSON, AMATEUR INVESTIGATOR: In my amateur observations, these indicate that the plane crashed somewhere in the Indian Ocean south of the
equator and north of 40 degrees. And that it crashed in a high speed, forceful impact.
(END VIDEO CLIP)
[16:45:00] QUEST: Blaine Gibson joins me now on the line from Madagascar. Mr. Gibson, thank you. The first and perhaps most obvious, I mean, you
have already found several items which have been sent to Malaysia for verification, and in their words almost certainly are from mh370. Why are
you continuing this search on the beaches of Madagascar?
GIBSON: Because, Richard, we need more clues to solve this mystery. We need to find the answers that the families deserve. Only one piece that I
have found has been confirmed to be almost certainly from Malaysia 370. That's the piece in Mozambique. The five pieces that I found in Saint
Marie in Madagascar have not yet been picked up by the Malaysian ministry of transport to be investigated.
QUEST: Do you think that they are dragging their heels on this? I mean, I'm very familiar with the concept that from these pieces one can see
tears, one can see strains, perhaps evidence of how the plane came apart. So do you think they should be a little more anxious to get their hands on
the things that you're finding?
GIBSON: Yes, they definitely should. And the family members think that they should. The Malaysian investigator who goes around and picks up
debris wanted to come here, planned to come here on June 21. However, his trip was canceled by his superiors in the ministry of transport.
QUEST: Right.
GIBSON: These are five pieces of aircraft debris that I believe are from Malaysia 370. One of them has barnacles on the back of it. They need to
be picked up and investigated now.
QUEST: Right. But -- now, I mean, whilst it's admirable that you have spent so much time doing this, some people might think it's a little
strange that you have taken this cause on in quite this way when governments of those countries could comb those beaches if they so choose.
Almost on a weekly basis.
GIBSON: Madagascar wanted to do a joint beach combing effort on its shores. However, that was not done by Malaysia. We need to do more. All
of the countries that have an interest in aviation, that have shores on the Indian Ocean and that had citizens on the plane need to be working together
to do searches on land and underwater to find pieces of this plane.
QUEST: And as for these -- I mean, pieces of plane are one thing. The personal effects, are something deeply distressing in many ways because
obviously they're of their very nature. But, Blaine, why do you think they are from the passengers from 370 and not, say, for example, local debris
that's washed ashore or from a ship?
GIBSON: Richard, I make no claims that any of these pieces are from Malaysia 370. Simply because they were found on the same beach as five,
probable pieces of debris, means that they need to be investigated thoroughly. So I took pictures of them. Collected them. And I turned the
pictures over to family members so that they could share among themselves and see if they recognized anything. And those family members have put
them on their website. And on the air crash support group Australia website simply so they can look and see if they can recognize something.
QUEST: Blaine, how long will you continue this personal commitment to this search in this way?
GIBSON: Until I or someone else finds the plane and the truth about what happened to it and the passengers. The search must go on. It can't stop
when the present search area is exhausted. We have to solve this mystery and these if they are from Malaysia 370 are important clues as to where it
crashed and how it crashed.
[16:50:00] QUEST: Blain Gibson, Madagascar, thank you, sir. We appreciate you not only coming on the line but also giving us access to those pictures
and, obviously, as there is more to report from you, we will come back to you as and when.
As we continue, the Rio Olympics has construction funding issues. The Olympics are just around the corner. The issue, of course, is how much is
going to be ready. Everything they say. But there's serious questions. QUEST MEANS BUSINESS, good evening to you.
(COMMERCIAL BREAK)
QUEST: Brazil's interim president's expected to announce a massive loan to Rio de Janeiro that will help complete construction projects ahead of the
summer Olympic games. You may well be thinking that's a bit late. On Friday, Rio's governor declared a state of emergency to get access to
federal money. The games are less than 50 days away from starting. Meanwhile, the city is also grappling with rampant petty crime. Nick Paton
Walsh in Rio shows us how thieves are ready to take advantage of the unsuspecting tourists.
(BEGIN VIDEOTAPE)
NICK PATTON WALSH, CNN, SENIOR INTERNATIONAL CORRESPONDENT: The 5:00 p.m. rush. Sundown empties the beaches. Fills rum glasses and streets,
Copacabana where Olympic tourists will be lured by volleyball and hot sand. Their phones, jewelry sparkle. A sea of opportunity for this man. One of
Rio's army of street robbers.
RIO PICKPOCKET: More or less five phones stolen. That's a good day's work.
WALSH: We'll call him Pedro. The crimes aren't sins he says, just a way to make a living and the Olympics will be boon time.
RIO PICKPOCKET: Very, very busy time. It's going to be good. But at the same time you will have a lot of tourists, a lot of thieves, as well. With
jewelry, watches, people might go to the police station. But when it's just a phone, many don't even go to the police. They get on a ship, on a
plane and they leave.
WALSH: He prefers to work in a pair approach from behind and shows me his move while he'd have a partner bump into the front. He shows us where he
takes a stolen phone. He snaps and froze the sim card not touching the buttons. This market of mostly legal resellers brims with traders hawking
very cheap phones on the corner. And some, he says can wipe and reset a phone for him for about $10. In fact, one told me he didn't need passwords
at all. Pedro then sells the clean phone.
RIO PICKPOCKET: If you can get the new launch, a 6s, all the iPhones are guaranteed money. You don't have it at home for even a day. You can steal
in it an hour, two hours later you'll already have the money in your pocket and it's far away.
[16:55:00] WALSH: It's a brazen industry, caught on amateur camera here in the center. Broken phone no use here and returned home. Rio police have
set up a high-tech CCTV center they hope will encourage people to report crimes and maybe let them see culprits in action. A grainy view of a
beautiful city's hardened trade.
WALSH (on camera): Did you realize you're potentially ruining somebody's holiday, right?
RIO PICKPOCKET: I don't think about that. Because if I did, no one would do it. When it's time to go and steal, you always think these are the
people with more money than those in favela here.
WALSH (voice-over): And Pedro's advice, to not get robbed by him. Put your phone in your front pocket, pay attention when you use it. Check it
if someone bumps into you. Now, it's up to you to decide if he's left something out. Nick Paton Walsh, CNN, Rio de Janeiro, Brazil.
(END VIDEOTAPE)
QUEST: A sober warning from Rio. We'll have a Profitable Moment after the break.
(COMMERCIAL BREAK)
QUEST: Tonight's Profitable Moment, the old adage is that the markets are a perfect barometer of what's likely to happen. Bearing in mind is pricing
and risk all the time. If that's the case, then "Remain" is clearly heading towards some sort of their victory perhaps on Thursday. But you've
got to be very careful with these polls at the moment in the United Kingdom and also with what the market is saying. It's still too soon and simply
too uncertain. That's why the gains we saw, 2 percent on sterling, 3 percent on FTSE is just not sustainable and perhaps will disappear, if
indeed the polls show the slightest scintilla of being wrong.
That's QUEST MEANS BUSINESS for tonight. I'm Richard Quest in London. Whatever you're up to in the hours ahead, I hope it's profitable. I'll see
you tomorrow.
END
