Countdown to the Brexit vote – two days from now we will know the result. Some are predicting that if the U.K. were to vote to leave that the pound could drop and a global recession would ensue.

Janet Yellen testifies to Congress over the next two days, shedding light on some of the Fed’s recent decisions. Dovish commentary and a defensive posture should be the overall tone – with nothing new to illuminate us on the outlook for the U.S. economy.

Netflix has a new “icon” and advertisers have a new way twist to an up and coming technology – all this and more on this episode.

Click HERE for Show Notes and Links

~ Quick note: AH will be traveling the next two weeks ~

Markets in a bit of a tailspin and incredible rally after the latest Brexit poll. SURGING on weekend poll. Each day another poll update is released from various parties. Sunday the “stay” camp saw an uptick – pushing up stocks globally. Today the “leave” camp saw an increase by 2%

Oil back above $50 after a sizable draw-down of inventories reported after the close on Tuesday.

Yellen testimony to Congress today and tomorrow  –

— Asked about forward Guidance: Yellen said that the Fed is not relying much on forward guidance right now. Says a projections are helpful to the public, but not a commitment on policy. Says paths can change over time as economic outlook is updated.

— Asked about most recent jobs report: Says that labor market continues to perform well; not overemphasizing one jobs report. Says can watch economic developments since inflation is low.

BREXIT Poll Update

Last week’s title to episode was about China not being denied MSCI inclusion – had a picture with that and only one follower mentioned that the picture was had Japanese writing…

BIG NEWS after the close today – Tesla (TSLA) offering to buy SolarCity (SCTY). SCTY up 15% on news to $24.35 (offer may be approx $26-$28) and Tesla SLAMMED down 12%.

– All share deal – no cash but….

– Serious headscratcher – Tesla does not have the money to do the deal as it needs all it has and more to build factories to produce cars.

– What is synergy?

– Hail Mary attempt to prop price of SCTY for Elon Musk?

– Musk majority owner of both companies. Cousin is CEO of SolarCity

TSLA/SCTY After Hours

Noticing that Bloomberg has a fascination with writing about watches. Now Barron’s cover is about the best watches of 2016 [LINK] – AND they are expensive! Is this just adverts?

Speaking of covers – New York Daily News covers are even more nuts than ever…. SEE LINK

NY criminalizes bots buying up tickets – Ticketing outlets and credit card companies revealed that bots scoop up the best seats in seconds, which scalpers then resell at prices many times over face value. Scalpers who exploit such software could now face crimi...