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This is Bloomberg surveillance.

Brexit really is a structural issue and that is if Britain does leave the EU,

what sort of events will that trigger?

In the Phillips group, you have an inflection point,

and the infection point is when you hit full employment.

The market's going to be volatile if the Fed raises rates,

because the majority of investors out there,

quite frankly, haven't been through a regular cycle

and because of that they're going to be reactive and probably sell stocks.

Bloomberg surveillance, your link to the world of economics, finance and investment on Bloomberg Radio.

Good morning everyone, Michael McKee and Tom Keee.

Friday, our inflection point is 10 a.m.

Michael McKees are already ordered out for Margaritas, I believe,

not to get us started.

Guacamolean chips is well we say good morning to all

of you worldwide particularly listening in the United Kingdom one of our

...