memeorandum: Brexit Upends Global Markets as Stocks, Pound Plunge; Yen Soars (Bloomberg)

11:05 AM ET, June 24, 2016

Top Items:

BBC:

EU referendum: BBC forecasts UK votes to leave — The UK has voted by 52% to 48% to leave the European Union after 43 years in an historic referendum, a BBC forecast suggests. — London and Scotland voted strongly to stay in the EU but the remain vote has been undermined by poor results in the north of England.

Discussion: Vox, Mother Jones, Gothamist, Washington Free Beacon, Algemeiner.com, Daily Kos, The Truth About Guns, The Week, Bloomberg, Daily Wire, Raw Story, Jewish Telegraphic …, 89.3 KPCC, Searchbonus, Power LinePower Line and Telegraph

Steven Erlanger / New York Times:

Britain Votes to Leave the European Union — LONDON — Britain has voted to leave the European Union, a historic decision sure to reshape the nation's place in the world, rattle the Continent and rock political establishments throughout the West. — With 309 of 382 of the country's cities …

Discussion: Washington Post, The Week, BBC, Telegraph, Nonprofit Quarterly, Politico, The Independent, Israpundit, TIME, Guardian, Scared Monkeys, Outside the Beltway, John Hawkins' Right Wing News, ImmigrationProf Blog and The Atlantic

Nile Gardiner / The Daily Signal:

Why Americans Should Celebrate the Brexit Vote — The momentous victory for the Brexit campaign signals a new era of freedom for the British people. … After more than four decades of being shackled to the European Union (previously the European Economic Community), Great Britain has declared its independence.

Discussion: Heritage Foundation, TPNN, BillMoyers.com and The Week

Guardian:

David Cameron resigns after UK votes to leave European Union — PM announces resignation following victory for leave supporters after divisive referendum campaign — David Cameron has announced his resignation after the British public rejected his personal entreaties and voted to leave the European Union.

Discussion: The National Interest, The Agonist, Le·gal In·sur·rec· tion, Samizdata and Vox

Dan Balz / Washington Post:

As Britain decided its future, striking parallels with U.S. political debates emerged — LONDON — It may be pure coincidence that Donald Trump flew to Scotland on the day that British voters decided to leave the European Union. But in striking ways, the forces fueling Thursday's historic referendum …

Discussion: New York Times and Politico

Matthew Holehouse / Telegraph:

UK votes Brexit: what would happen next? — Play! — More than three years after David Cameron unveiled his strategy to reform Europe and put it to a referendum, Britain has voted to leave and the Prime Minister has resigned. — It is the greatest disaster to befall the block in its 59-year history.

Discussion: NBC News, The Resurgent and Jihad Watch

Guardian:

Brexit: Nicola Sturgeon says second Scottish referendum ‘highly likely’ — Follow our new EU referendum liveblog here — Cameron to resign after losing referendum vote — Boris Johnson: ‘No haste’ to start Brexit process — Pound falls sharply as Bank of England urges calm

Discussion: Medium, FiveThirtyEight, Vox, Business Insider, The Verge, Taylor Marsh, Samizdata, Watts Up With That?, Princeton Election Consortium and Eschaton

Jenna Johnson / Washington Post:

Trump celebrates Brexit vote: ‘When the pound goes down, more people are coming to Turnberry.’ — TURNBERRY, Scotland — Republican presidential candidate Donald Trump celebrated Britain's stunning vote to leave the European Union on Friday during a visit to Scotland, saying that the people …

Discussion: The Atlantic, Vox, New York Times, The Week, Townhall.com and Joe.My.God.

James Hohmann / Washington Post:

The Daily 202: Stop underestimating Trump. ‘Brexit’ vote shows why he can win. — THE BIG IDEA: Britain's stunning vote to leave the European Union suggests that we've been seriously underestimating Donald Trump's ability to win the presidential election.

Discussion: Talking Points Memo, New York's PIX11 and New York Magazine

Bloomberg:
Brexit Voters Spurn Obama Pitch, Testing ‘Special Relationship’

Discussion: Politico, TheStreet.com and Guardian

Severin Carrell Scotland / Guardian:
Nicola Sturgeon prepares for second Scottish independence poll

Discussion: NBC News, RedState, BBC, Hot Air and Political Wire

Rowena Mason / Guardian:
How did UK end up voting to leave the European Union?

Discussion: The Verge, Raw Story, Washington Post, New York Times, The Week and Outside the Beltway

David Dayen / American Prospect:
Who's to Blame for Brexit? The Elites

Discussion: Guardian

Telegraph:
Cameron's voice breaks during emotional resignation speech

Discussion: ThinkProgress, NoisyRoom.net, John Hawkins' Right Wing News, The Week, CNN, www.wnyc.org, WHNT-TV, WTVR-TV, FOX2now.com, FOX6Now.com and KTLA

Raf Casert / Associated Press:
EU must now stop further unraveling _ if it can

Discussion: WAVY-TV, WPRI-TV, National Review and Associated Press

James Masters / CNN:
Brexit: David Cameron falls on his sword as gamble backfires

Discussion: Guardian

Lauren Davidson / Telegraph: Mark Carney: Bank of England is ready for ‘new’ economy

Michael Wilkinson / Telegraph:
Watch live: counting begins for the EU referendum

Discussion: The New Americana, Searchbonus, U.S. Uncut, Hit & Run, Instapundit and Guardian

Thomas Penny / Bloomberg:
U.K. Backs Brexit as Cameron Resigns After Historic Rupture

Discussion: New York Times and Searchbonus

Malcolm Coles / Telegraph: Leave or remain? Live EU referendum results and maps

Cassandra Vinograd / NBC News:
U.K. Votes to Back ‘Brexit,’ Will Leave European Union

Discussion: BBC, The Root, KSNG-TV and AOL

Allegra Kirkland / Talking Points Memo:

Asked About Brexit's Economic Fallout, Trump Talks About His Own Properties — Arriving in Scotland on the day of the UK's momentous vote to leave the European Union, Donald Trump had a lot to say about his new golf course. — Breezily mentioning that it was a “historic” day for Britain …

Discussion: alan.com and Daily Kos

Ben Schreckinger / Politico:
Trump, touting his golf course, promises Brexit is only the beginning

Discussion: Business Insider, Guardian, Washington Post, Gawker, Politicus USA and Shakesville

BBC:
Donald Trump in Scotland: ‘Brexit a great thing’

Discussion: Mother Jones, Political Insider blog and The Gateway Pundit

Facebook:

Statement Regarding British Referendum on E.U. Membership — The people of the United Kingdom have exercised the sacred right of all free peoples. They have declared their independence from the European Union, and have voted to reassert control over their own politics, borders and economy.

Discussion: The Gateway Pundit, The Verge, Instapundit, The Week, myfox8.com, Fox News Insider, The Last Refuge and The Hill

Louis Nelson / Politico:
Trump hails Brexit: ‘They took back their country’

Discussion: Vox and Politico

Carrie Dann / NBC News:

Bernie Sanders Says He Will Vote for Hillary Clinton — Bernie Sanders says that he will vote for Hillary Clinton. — Sanders: I will vote for Hillary in November 6:41 — Asked on MSNBC's Morning Joe whether he will vote for Clinton in November, Sanders responded “Yes.”

Discussion: Vox, CNBC, Fox News Insider, alan.com, AOL, Raw Story, Business Insider, Joe.My.God. and myfox8.com

Nick Gass / Politico:
Sanders says he will vote for Clinton

Discussion: ABC News and Hullabaloo

Jonathan Easley / The Hill:
Defiant Sanders tells supporters: ‘You can beat the establishment’

Discussion: Talking Points Memo, Heat Street and Liberal Values

Michael Biesecker / Associated Press:

CLINTON FAILED TO HAND OVER KEY EMAIL TO STATE DEPARTMENT — WASHINGTON (AP) — Former Secretary Hillary Clinton failed to turn over a copy of a key message involving problems caused by her use of a private homebrew email server, the State Department confirmed Thursday.

Discussion: Power LinePower Line, The Daily Caller, Scared Monkeys, Heat Street, The Week, The Last Tradition, The Right Scoop and Hot Air

Bloomberg:

Brexit Upends Global Markets as Stocks, Pound Plunge; Yen Soars — Sterling has record drop as equity selloff volume soars — Oil tumbles below $48; gold surges with bunds, Treasuries — Global markets buckled as Britain's vote to leave the European Union drove the pound to the lowest …

Discussion: CNBC and Joe.My.God.

Bloomberg:
Pound Plunges to Lowest in More Than 30 Years as Brexit Looms

Discussion: Washington Post and NPR

Hollywood Reporter:

Led Zeppelin Wins ‘Stairway to Heaven’ Jury Trial — A jury rules in the band's favor after hearing testimony and arguments that the iconic song was a copyright infringement of Spirit's “Taurus.” — Led Zeppelin has beaten a lawsuit claiming that the iconic guitar riff in “Stairway to Heaven” …

Discussion: CNNMoney, Associated Press, Ultimate Classic Rock, Techdirt, Hot Air, The Verge and The Week, more at Mediagazer »

Keith O'Brien / Politico:

Uprising in the Rust Belt — CAMBRIA COUNTY, Pa.—Donald Trump's road to the White House begins here: on a four-lane highway, just east of Pittsburgh, past the roadside taverns, burned-out gas stations, and parking lots choked with weeds, up into the dark fingers of the Allegheny Mountains …

Larry O'Connor / Hot Air:

RIP Mike Flynn, founding editor of Breitbart's Big Government — Mike Flynn, the original Editor-in-chief of Andrew Breitbart's groundbreaking website Big Government, has passed away overnight. The cause of death was not revealed in a statement released by his widow, Holly Flynn: