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QUEST MEANS BUSINESS

CNN Tours Britain Ahead of Crucial Vote; Yellen: Brexit Decision Could Impact Global Economy; U.S. Fed Leaves Interest Rates Unchanged Wednesday; Conservative Lawmakers Bash Emergency Budget; Osborne Warns of Tax Hikes, Spending Cuts; Sources: Body of Boy in Alligator Attack Found; EgyptAir Wreckage Has Been Found; Record European Immigration in Boston, England. Aired 4-5p ET

Aired June 15, 2016 - 16:00:00   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: Closing bell is ringing on Wall Street. The Dow Jones industrials spent most of the session higher, and

then toward the close went down. It's off just 40 odd points. That is what I would call a firm gavel from the New York stock exchange, bringing

trading to a close.

It is Wednesday, the 15th of June. Tonight, beware the Fed Brexit fallout. Janet Yellen says a Brexit could hurt the world economy. Try telling that

to the people of Boston. We visit the English town that's leaning heavily towards voting "Leave". And there's trouble on the waters of the River

Thames. The rival campaigns clash outside parliament. I'm Richard Quest live in the east of England where tonight I mean business.

The beautiful countryside of the east of England. Look at that out towards the sea and we are at the campsite, caravan's campsite, which you can now

see coming into view. We are here because this is one of the most Euroskeptics parts of Britain. And as the momentous vote on EU membership

approaches. QUEST MEANS BUSINESS is traveling the country. You'll be well familiar, yes, can you see it just in the picture from the air. We have the

help of my trusty camper van to bring you all the voices from across the voice from across the United Kingdom. And of course, the van itself, Freddy

Brexit, U.K. In or Out, #drivewithquest. We'll be introducing you to more of Freddy Brexit.

Where have we been? What have we been doing? We started in London, in the capital, and then it was on to Cambridge where a major university town, and

people generally more pro-European Union. So to reflect the different opinion today we're in Mablethorpe in Lincolnshire. Here, quite simply as

you'll hear in the course of the hour. Much more sympathetic to the arguments of Brexit.

Today the U.S. Fed chair, Janet Yellen, said the Brexit decision could have major consequences for the global economy, and indeed, it was one of the

factors the Fed looked at in decide to hold off raising interest rates in June and could well have an effect in the future. The Fed rates on hold and

Janet Yellen stressed the significance of the U.K. Brexit vote.

(BEGIN VIDEO CLIP)

JANET YELLEN, U.S. FEDERAL RESERVE CHAIR: Clearly this is very important decision for the United Kingdom and for Europe. It is a decision that could

have consequences for economic and financial conditions and global financial markets. If it does so it could have consequences in turn for the

U.S. economic outlook that would be a factor in deciding on the appropriate path of policy.

(END VIDEO CLIP)

QUEST: So, anybody that thought that this vote in Britain had no implications elsewhere would be incorrect. The guests you're seeing behind

me. They are mainly from the "Leave" campaign, and you're going to hear them over the course of the program. CNN's Clare Sebastian is in New York.

Janet Yellen was quite clear, Clare. Brexit, the vote, could have an effect globally.

CLARE SEBASTIAN, CNN MONEY REPORTING: Absolutely, Richard. She was definitive. This was the first answer in the press conference. She said,

yes, it did impact today's decision not to raise rates. Yes, it could impact the Fed's decision-making going forward. Yes, it could cause

significant market turmoil and, yes, it could impact the U.S. economy. For those of us following the market volatility over the past days and weeks,

that flight to safety you and I were discussing, this perhaps doesn't come as a surprise. But when we get the chair of the Federal Reserve saying this

was a factor in our decision-making, this is real evidence that it's not just sending ripple effects throughout the U.K. and throughout Europe, but

this has already impacted the U.S. even a week out from that vote, Richard. A significant development here today.

QUEST: And the decision by the Fed not to raise rates, does that push the possibility into July and, of course, that in itself, Clare, briefly, will

depend on what the U.K. votes next week.

[16:05:00] SEBASTIAN: Yes, Richard, it will depend on what the U.K. votes. It will depend on various other factors. Of course, we saw some

developments in the labor market. The May jobs report was significantly below what was forecasted. I'll be looking closely at that. As to whether

there will be a July rate rise, well of course, Janet Yellen was very clear that any forecasts were still very uncertain. Of course we got the doubt

vote which showed two rate rises this year, but in the coming year it was revised down by a quarter, half percentage point and long term as well. So

very unclear what's going to happen. She was still very clear that these forecasts are still very uncertain. Richard, made of course, more uncertain

by the outcome of next week's referendum.

QUEST: Clare Sebastian in New York. Clare, please continue to monitor the markets for the rest of the week as we travel our way up through Britain.

Now, in London, in the capital, the British Prime Minister, David Cameron, warned that the country could face a $42 billion budget gap if the country

votes to leave. Now the finance minister, the chancellor's response, is to propose an emergency budget that would plug the hole. The plan would raise

taxes and spending as dozens of people were tested and conservative lawmakers pledged to block a supplementary budget. Just shows you the

warfare within the ruling Conservative Party, the prime minister defending his own plan and his own chancellor against his own side.

(BEGIN VIDEO CLIP)

DAVID CAMERON, BRITISH PRIME MINISTER: If we wake up on June the 24th and we've remained and our economy can continue to move forward. If we vote

out, the experts warn us we will have a smaller economy, less employment, lower wages and, therefore, less tax receipts. And that's why we would have

to have measures to address a huge hole in our public finances.

(END VIDEO CLIP)

QUEST: The businessman and the Conservative MP, Adam Afriyie, is pro- Brexitier. He joins me now from London. Sir, how angry were you that the chancellor basically has threatened the British people, vote Brexit and

your taxes go up. He says it's just an economic reality.

ADAM AFRIYIE, BRITISH MEMBER OF PARLIAMENT, CONSERVATIVE PARTY: Well, I have to say I wasn't in the slightest angry. I think it's just an extension

of project fear in kind of full force, and I think -- the word I would use it's all rather ridiculous and ludicrous. The idea that you would be

planning for absolutely the worst 15 years from now, even though the assumptions on which -- the assumptions he's made are completely untenable.

It's just bizarre. So I think -- look, the British public will see it for what it is, it's a bit more scare mongering. Pretending to be a serious

idea about the budget. If I were the chancellor I would be planning about how I would be spending the 8 billion that was saved from the EU and how

we'll going to pick up the phone to Americans and the rest of the world about how we're going to create trade deals.

QUEST: You cannot deny though and sterling sees it in the market and we'll start to see it in other markets. You cannot deny that there is a level of

uncertainty on the pro-Brexit outcome next week.

AFRIYIE: You're absolutely right, Richard, and you have a background in business, as do I for 20 years, and it's quite clear that when there's

uncertainty about whether we're staying or going, there is inevitably going to be some fluctuation in financial markets. But the moment that it's

clear, and I hope that we'll be leaving, the moment that it's clear that we're leaving and people can see that Britain, the United Kingdom is a

great opportunity for business investment, a great opportunity for growth. There are great opportunities with there are new kind of amble and more

dexterous ability to trade with the world, I think those decisions will see Britain full flight again.

QUEST: We -- during the course of this program, we're going to hear from many people in this part of the world. Adam, unfortunately, you weren't

able to join me in the van, Freddy Brexit. I assure you I would have poured you a suitable drink for the evening entertainment, but the point, the

serious point, Adam, is that here people want out. Elsewhere in Britain they want to remain in.

AFRIYIE: Yes.

QUEST: Will this referendum bring the two sides together? It certainly looks like it's destroyed your political party.

AFRIYIE: Yes, I mean, if anything, I beg to differ. I'm sorry you're in the European camper van, while I'm in the great British studio in great

Marlboro Street, but I think the point is this, I think with the conservative party we're a broad church. And I can tell you from all the

tea room chats, with all my friends on the "Leave" side and "Remain" side, that we can't wait until the British people tell us what it is that they

want us to do.

[16:10:00] If they want us to leave, we'll do it with a full heart and with full force. And if they want us to stay we'll do the same. So I think, the

conservative party will very, very quickly come back together. This is a disagreement on an issue called the European Union. What's more important

for our country is that we have a conservative government that keeps the economy under control.

QUEST: Oh, wait. With respect, sir, your party has been at civil war over Europe for decades and surely you're not asking us to believe that this

referendum result, firstly will save the prime minister's job and secondly will bring the party together.

AFRIYIE: I'm absolutely certain that after a short period after the referendum result is in that we will be celebrating together as a party,

because we'll have our instructions from the people on what they want us to do. As for the future speculation about leadership, I'll leave that to

another day. The most important thing I'm trying to do at the moment is communicate that we are a strong -- we're the fifth largest economy in the

world. Even the U.S. treasury recognized there will be an impact if Britain leaves the European Union. Because we're a strong nation and will be

sovereign nation again soon.

QUEST: Adam, thank you very much indeed for joining us.

Now some breaking news to bring you, and sad news to bring you. Sources are telling CNN that the body of the boy dragged away by an alligator at a

Disney resort has now been found. The 2-year-old was wading along the edge of a lagoon on Tuesday night when the alligator took him. His father ran to

the water and tried to free the boy but could not rescue him. We are expecting a news conference that will take place in Florida at any time

now. We will, of course, bring that to you as and when that happens. There you see the preparations for the news conference. This is CNN, around the

world, around the clock.

(COMMERCIAL BREAK)

QUEST: Welcome back to QUEST MEANS BUSINESS. we're in eastern England now and we're enjoying the delights -- actually it is a sunny summer evening,

chilly, but the rain is holding off. Of all the places I've been to so far this is probably the most Brexit-minded as you'll hear throughout the

program. Seems that most or those that I've spoken to are very much in favor of leaving the European Union. Colin John Davis, the executive County

counselor for economic development for Lincolnshire Council. Janet Stubbs runs ten garden centers. So we know where you stand, counselor, you are --?

COLIN JOHN DAVIS, EXECUTIVE COUNTY, LINCOLNSHIRE COUNCIL: Out.

QUEST: And ma'am you are?

JANET STUBBS, RUNS 10 GARDEN CENTERS: In.

QUEST: Why are you so firm that you want to leave the European Union?

[16:15:00] DAVIS: I'm very clear. This is about democracy, sovereignty and control, and I believe that, you know, back in `75, 75 percent of

Lincolnshire's people voted to join the common market. What they were sold then was not what they've ended up with.

QUEST: But you run garden centers and your family runs garden centers, Janet, and one of the things I've heard is immigration is the big issue

here.

STUBBS: Not with us, no. We need them. We can't get the Englishman to work. They work in the nurseries. We have 11 restaurants and we need those people

to work in the restaurant also.

QUEST: Isn't that the truth of the situation. I mean, I was in Boston earlier today, high level of immigration, 13 percent. There is a

requirement for an extended work force.

DAVIS: Absolutely there is a requirement for an extended work force, but it should on the basis of who we want to come into our country and should be

on the basis of a controlled system. And there is no way that America would have people coming in and out of their country without the government

knowing who is coming in. We can't plan our services properly without controlling immigration.

QUEST: Do you feel, in any way, that you have lost control of your sovereignty in your own country here? That too much power has gone to

Brussels or to other European countries?

STUBBS: It's questionable. But we've got to fight back. We've got to fight. We must stay in.

QUEST: This is a valid point, isn't it? Because really we do not know, Janet doesn't know what happens if you win next Thursday.

DAVIS: Well, I think what we do know is what happens if we stay. We will lose more control. More power will go to this set of unelected bureaucrats.

And it will cost us more in the long run. What I want to see is a country that is proud, that is independent, that makes its own laws and trades with

the whole world.

QUEST: So you're remaining out and you're remaining in.

STUBBS: Yes, yes.

QUEST: Thank you very much, indeed.

STUBBS: Thank you.

QUEST: Now, we do have some breaking news that I need to bring so thank you for joining us.

Egypt has confirmed that the search teams for EgyptAir flight 804 have found the plane's wreckage. The plane washed into the Mediterranean Sea on

May the 19th. CNN's Ian Lee is in Cairo for us tonight. Ian, it's taken about three weeks. They brought in extra ships, but is the wreckage -- how

much of the wreckage have they found, and most important of all have they found the two voice recorders?

IAN LEE, CNN REPORTING (via telephone): Well, Richard, from what the information that we're hearing from Egyptian officials right now they are

saying that they have located several parts of the plane. They haven't though indicated which parts those are. They haven't indicated whether or

not they found or if they have been able to recover the black boxes, so really not much other than that they have found the location of several

parts of the plane. Now, could this be engines? Could it be the wings, the fuselage? We really don't know right now. They have taken images of those

parts and given them to investigators. We're hoping in the hours that come that they are able to specify exactly what parts they found and if they are

able to get to those voice recorders and flight data recorders.

QUEST: And Ian, I suspect as a result of that when knowing which part of the plane they found and knowing where the voice -- where the recorders are

they will be able to try and listen for the pings. Are they putting more resources in there, Ian?

Lee: Oh, really Egyptian officials haven't been very forthcoming with information about the search in general. We don't know the size of the

search and we don't know what the resources are. We do know that they do have a contracted ship from deep ocean search, which it specializes in

recovering these items off a seafloor. Remember, that the wreckage is believed to be at about 3,000 meters, 10,000 feet.

[16:20:00] So we do know that they have a specialized ship. Other than that the Egyptians haven't been very forthcoming in how this operation, how they

are going to move forward with this investigation and with the recovery.

QUEST: Ian, I've done enough of these in my time to see how these sort of stories progress. Egypt has not exactly covered itself in glory in the way

they have kept people informed. We'll come back to you in just a moment. Instead, I do need to take you to Florida where that press conference is

taking place. The sad press conference about the 2-year-old that was taken.

We're waiting for that press conference to begin. Let me remind you, it happened last night. We thought the press conference was about to begin. It

did look like it was. A reminder of the facts on this one. Extremely sad. A 2-year-old boy was snatched from the riverbanks of the grand Floridian

resort, one of the Disney resorts in Disney World, and we are awaiting this news conference at Lake Buena Vista. That's the lake, by the way, that

surrounds Disney World in which these properties are against. That press conference we had thought was about to begin. When it does start, we will

bring you straight back to it.

Hopefully Ian Lee is still with me in Cairo. Where, Ian --?

LEE: Yes.

QUEST: -- the ability of the Egyptian's to now find, read and analyze the data recorders, is there still a relative degree of confidence that they

can do so?

LEE: Well, when you talk to Egyptian officials they say that they believe that they can read it. When those are recovered they will be brought here

to Cairo. They will be analyzed here in Cairo. Egyptian officials have said if they need extra analysis that they can be sent abroad. The MetroJet, if

you remember, which was blown up over Sinai last October, those flight data recorders were brought here to Cairo and then they were sent to Germany for

further analysis. So the Egyptians have here in the past worked with other partners. They are working with the NTSB from the United States. They have

asked them to come aboard in this investigation. So they do have the resources, at least internationally as well, to take care of that to read

these flight data recorders.

QUEST: Now, Ian, we do -- we mustn't delve too far into the realms of speculation, but we don't know the cause of this and there is still some

dispute -- bearing in mind it happened in the cruise -- whether or not that it is nefarious or mechanical.

LEE: That's right. We are learning more about the final moments of the plane a bit more. There was some dispute about what radar was detecting

about the plane. The Greeks initially came out saying that the plane -- their radar detected the plane swerving 90 degrees and then 360 degrees.

The Egyptians refuted that for about a month, or a few weeks, and then yesterday they came out saying in fact their radar also detected the swerve

in the plane. What that will tell investigators is really unknown. But as far as just more pieces to this puzzle, also remember that ACAR system on

the plane detected smoke in the lavatory and the avionics. These are other things that they will be looking at as well. But as you know, Richard, it

really comes to finding the wreckage and those flight data recorders.

QUEST: Ian, as we pull the strands together on this, and we still have not had a final report on MetroJet, have we? Which, of course, was the Russian

airliner that went down last year. The Egyptians now are far more agreeable to the idea that it -- well, they are saying basically -- that there is

residue of explosives. But there's still been no final determination on MetroJet that we can take forward and look into with this.

LEE: That's right. We haven't seen a final report come out from MetroJet and frankly we haven't heard much information as all. The Egyptians are not

known for being forthcoming with information. A lot of times when it is a tragedy or if the news -- it doesn't shine a great light on Egypt. And the

fact is it's swept under the rug, so to speak, and information is hard to come by.

[16:25:00] We have had a difficulty of getting information on this incident, too, of EgyptAir flight 804 and we don't know what happened on

this one, but it has been about as difficult getting information on this flight as it was after the MetroJet.

QUEST: Ian Lee who is in Cairo for us this evening. And what you're getting a picture of is an extremely busy day. We are still waiting for the news

conference from Florida where, of course, the tragedy of the 2-year-old boy that was taken by an alligator. We had expected that news conference to

start about half an hour ago. But obviously that -- they have now confirmed to CNN that the body of the boy has been recovered. You know, what more can

one say of the tragedy and sadness of such a dreadful story.

And now to this evening where it seems that Egypt, or at least those who have been searching, have located large parts of the wreckage of EgyptAir

flight 804, which went down over the Mediterranean and they now appear to have located that wreckage on the seabed. QUEST MEANS BUSINESS. we'll be

back with more in just a minute. Good evening to you.

(COMMERCIAL BREAK)

QUEST: Now we take you to Florida, to Disney.

JERRY DEMINGS, SHERIFF, ORANGE COUNTY, FLORIDA: Update on where we are with this recovery effort. We'll share with you that we just met with the family

and spent some time with them and delivered this update. At about 1:45 today members of the Orange County Sheriff's office dive team located what

is believed to be the remains of the deceased, a 2-year-old and I'll identify him in just a few moments. At about 3:30 today we recovered the

remains of the 2-year-old from the water and that body has now been turned over to the Orange County Medical Examiner's office for an autopsy.

The family, I'm going to go ahead and identify the parents are Matt and Melissa Graves from Elkhorn, Nebraska. The 2-year-old is Lane Graves. I

will share with you that the child was found. His body was completely intact, so at this time we will go through the formality of making a formal

identification. There's no reason for us to believe that the body that was recovered is not that of Lane Graves. The effort to condition with the

wildlife management here at Disney will go forward. I'm going to turn it over at this time to the executive director for FWC who will share with you

more details about their efforts. Director.

NICK WILEY, FLORIDA FISH AND WILDLIFE COMMISSION: Yes, sir. Thank you, Sheriff Demings. First again, we just want to say that our thoughts and

prayers are with this family. And on behalf of our entire agency and we're terribly heartbroken at this outcome. I want to thank Sheriff Demings and

the Orange County Sheriff's Department throughout the entire tragedy. They have been great to work with and they are a true benefit to this community.

I would also like to thank Disney. They have been totally cooperative as we work through this and how we handle this tragedy.

Although we have some sort of closure to this, our investigation is still ongoing. And we're going to continue to evaluate the evidence we have, and

we're going to try to continue searching. We're going to make certain that we have the alligator that was involved and that we remove it, we move it

from the lake.

[16:30:00] So we're going to either verify that we've already captured that alligator through forensics work, or we're going to continue to look for an

alligator until we find the right one. We'll also continue to work with Disney as they work to continue to address alligators in their park and

continue that strong partnership. With that, that concludes my remarks. Thank you.

DEMINGS: The family has asked that we do deliver a message to you. And the message is that they do appreciate all of the prayers that have gone

forward to allow those of us who are working on the professional side to do our jobs, to are cover their son so that they can move forward at this time

with a power burial. And so on behalf of their family I deliver that message to you. I will tell you that it was a tough message to deliver to

them to let them know that at this point their child is dead. So at this time we will entertain a few questions.

UNIDENTIFIED REPORTER: How important is it to find the alligator? Do you have fear that it will do it again?

DEMINGS: Again, there were several alligators located and I'm going to let the FWC director kind of speak to you about the process that they use to

try to confirm whether or not one of the alligators that have been located is the right one or not.

WILEY: Just really quickly. We're going to look at the five alligators we've all taken and we're going to compare things like bite marks and such

as that. We don't really know what we have yet. It's still early in that part of the investigation. There's a good chance we already have the

alligator, because we focused our efforts in that proximity, in that area where this incident occurred. So there's a good chance, but we'll go

through the process and forensics and make certain. And if we can't get a certain match we're going to continue to go out and look for alligators and

make sure that we've done everything that we can and all the due diligence to make sure that we've taken that alligator out. It is important to do

that.

UNIDENTIFIED REPORTER: Where did you find the child?

DEMINGS: I believe the question is where did we find the child?

He was within the immediate area where he was last seen. It took some time to go through and make certain. The water is kind of murky, but our divers

were able to locate the body. We used sonar equipment and other means to go in and recover the remains.

UNIDENTIFIED REPORTER: This body was found intact. Is it your belief that the child was drowned and dragged through the water and drowned?

DEMINGS: I believe, of course, the autopsy has to confirm that, but there's likely no question in my mind that -- that the child was drowned by the

alligator.

UNIDENTIFIED REPORTER: Was there signs to warn people in this area that there were alligators in the area?

DEMINGS: There's signage in the area that says no swimming.

UNIDENTIFIED REPORTER: Anything about alligators on the signs?

DEMINGS: Disney will look at all their protocols and their signage I'm sure going forward.

UNIDENTIFIED REPORTER: Do you recommend that they add those signs? Warning about gators, Sheriff Demings? Do you recommend they add those signs

saying, there could be gators in these waters?

Demings: This is a partnership, I will tell you, and our ultimate concern is about the safety of the guests here at Disney as well as the public. And

as the investigation continues we'll continue our death investigation with the Orange County Sheriff's office, and I'm certain there will be

opportunities in the future to look at what has occurred here and see if it can be prevented in the future.

UNIDENTIFIED REPORTER: How will you be able to tell --

DEMINGS: We'll get to the Spanish media in just a moment.

UNIDENTIFIED REPORTER: What process do they go through to try to do that?

DEMINGS: I think the director just kind of explained that process to you about what they will do to ensure that they have the right gator.

UNIDENTIFIED REPORTER: Sheriff, did you deliver --

UNIDENTIFIED REPORTER: Can you tell us at all about what the family --

QUEST: There we have the sheriff of the Lake Buena Vista in Florida with the very sad news that the body of the 2-year-old boy has been found. You

also heard the other officials saying that five alligators have been caught and forensically they will now examine whether or not those alligators were

responsible, if any of those were responsible. And if they were not, then they would go out and search for more alligators until they find it. The

thinking there is, obviously, once an alligator or crocodile, whatever you want to say, has, if you like, tasted or committed an act like this, then

there is perhaps a preponderance or a relevance that they could do it again.

[16:35:00] So it's a very busy day as you can see, our agenda that we started with this morning has completely changed. But that's the way it

goes. It's QUEST MEANS BUSINESS.

The other breaking news that has happened is that Egypt has now confirmed the search teams for flight 804 have found the plane's wreckage and the

plane crashed into the Mediterranean Sea on May the 19th. Our aviation analyst, Les Abend, is the 777 pilot, and Les, it's good to have you with

us, les, to put perspective into this. Les, you and I have messaged backwards and forwards. Let's not be disingenuous over the last two or

three weeks commenting to each other at what seems to have been a very long time for this operation to have reached critical mass and success.

LES ABEND, CNN AVIATION ANALYST (via telephone): I agree, Richard, and I think that the standard that we had in various forms was important because

it leaves so much open to possibilities. What's discouraging and frustrating to me is that a lot of information that I think is very

important is being withheld from the Egyptian government for whatever reason. This is their investigation. That is the protocol. They can release

what they want, but, you know, from my perspective over the last couple of days, it appears that it may not have been an explosion that caused this.

There seems to be a suggestion, at least, that the airplane was out of control or at least not under the cruise control as in the pilots. So, you

know, at this point there's still more questions than there are answers, of course, but I think it's very important to the families as a pilot myself

to try to get -- know were getting close to the answer.

QUEST: There's obviously now major parts of the aircraft have been located, and, you know, it obviously reduces the debris field on the bottom of the

Mediterranean Sea with the possibility then locating the recorders, which are at the back of the aircraft, aren't they?

ABEND: They are, Richard, and, you know, it's going to be a little difficult, you know, depending on how the airplane broke apart and where

these recorders are located, but this is the critical piece of information. This is an important, important part of the puzzle that will lead

investigators down the appropriate path to recover these items.

QUEST: Les, the 320 -- the A-320 is at issue here in the sense of if it is a mechanical fault, if there is a question over what might have happened.

It's going to be exceptionally important to determine at an early moment from the recorders, isn't it?

ABEND: Yes, I would say so at this point in time. I mean, we were talking, I think -- if my memory serves me correctly, it was 39 minutes with

basically no communication. So that 39 minutes should be recorded on both the cockpit voice recorder and the digital flight data recorder, and, of

course, those two will be coordinated together with a program that the investigators will utilize. But you know, at this point, Richard, it's, you

know, it's anybody's best guest. In addition, let's not forget that the debris itself has the capability by perhaps determining whether there was

or was not residue. That's difficult because it's been at the bottom of the ocean. But that in and of itself may be able to determine if it was an

explosive cause or mechanical cause.

QUEST: Les Armand, who is joining us -- I'm putting that into perspective - - Les Armand, thank you very much, indeed.

We will continue our program tonight. We're in the east of England. There is a very big story building up over the next week. It is the Brexit vote,

which will take place in the U.K. And this part of the country, they are very firmly, very firmly the idea that they want to leave the EU. You'll

hear the voices from eastern England. Look at that. Campsite on a beautiful British summer's evening.

(COMMERCIAL BREAK)

[16:41:47] QUEST: Immigration has been a central issue in the EU referendum, and it has transformed this part of the country, particularly

Boston in England. The town of 65,000 has seen a remark number of Eastern Europeans settle there. More than 13 percent of residents come from

countries such as Poland, Lithuania, Latvia, the Baltic State. It's the highest proportion in the country. Nearly 5 percent in Boston say Polish is

their first language. That's much higher than say London where 2 percent say Boston is their main language. The overall England and Wales figure is

even lower at 1 percent, so you can understand why we felt the need to take a bus to Boston.

Immigration levels are a voter radar here in Lincolnshire. With "Drive with Quest" we rolled into the bustling streets of Boston, where frankly it was

a mainly unanimous opinion on next week's referendum.

(BEGIN VIDEOTAPE)

QUEST (voice-over): It's market day in Boston in Lincolnshire. On Wednesdays and Saturdays this town square is overtaken by local traders.

And it doesn't get much more British than the bulldog, and when you talk to the owners not surprisingly the views were firmly British-based.

UNIDENTIFIED FEMALE: I'm out.

QUEST (on camera): Why?

UNIDENTIFIED FEMALE: Because I remember when Britain used to be a community and we're no longer in control.

QUEST (voice-over): Everyone I spoke to was of same and similar mind?

QUEST (on camera): Leaving?

UNIDENTIFIED FEMALE: Out.

QUEST: Sri?

UNIDENTIFIED FEMALE: Leave.

UNIDENTIFIED FEMALE: Out.

QUEST (voice-over): They want out of the European Union and they blame immigration and the loss of sovereignty.

QUEST: Was the driving force for you for this out?

UNIDENTIFIED FEMALE: One is immigration and the other just to take back our own country. You know, and have it for what we want to do. Not being rolled

in by other countries.

UNIDENTIFIED MALE: Our forefathers fought and died to keep this country free and now we're going back to Germany.

UNIDENTIFIED FEMALE: I don't mind immigration as long as it's -- as long as it's organized. We don't want people just flapping in.

QUEST (on camera): The irony, of course, in all of this is the international nature of something like fruit and veg. So here we have New

Zealand apples. You have Spanish oranges and peaches. The strawberries come from the Netherlands and these peaches come from Greece. In fact, on this

market day it was pretty hard to find anyone who was prepared to say they want it to remain in the EU. We persevered.

UNIDENTIFIED MALE: The overwhelming balance of the argument favors us benefiting from the economic advantage of being part of the EU. We gain, we

gain, we gain, we gain all the time.

[16:45:00] QUEST (voice-over): Along West Street many shops have Euro in their name. The owners and the employees are mainly from Eastern Europe,

particularly the Baltic states. You'll not be surprised that they are concerned at the result of next week's vote. Boston may not be typical. The

level of immigration here is much higher than elsewhere in the U.K., but the views that we heard are to be found in many parts of Britain. But it's

these people that are now seemingly in the lead.

(END VIDEOTAPE)

QUEST: So now we need to put some perspective. Colin Maier is here from the local counsel and Reynolds is with me. They are both are from the "Leave"

campaign. You had a meeting this evening. What was the mood?

ANNE REYNOLDS, MABLETHORPE COUNCILOR: It's very optimistic for the "Leave" side of the campaign.

QUEST: Why do you want to leave? I mean, we heard immigration. We heard all these other issues but surely these can be sorted out within the EU.

COLIN MAIR, LINCOLNSHIRE COUNCILOR: Immigration is an interesting subject. We want controlled immigration. I'm an immigrant. I got my green card in

the states and I was one of many immigrants who go around the world for jobs. And jobs are already there or they take skills where they need it.

Uncontrolled immigration can end up with you being flooded -- the labor market being flooded with people who haven't got jobs.

QUEST: What about the sovereignty issue though for you? Do you feel you've lost control in some shape or form and if so why and how?

REYNOLDS: I feel like we've totally lost control of Britain and sovereignty. Because we've got all these --

QUEST: Isn't that a price to pay in today's global economy? Where you do need closer relations with neighboring countries?

REYNOLDS: No, it most certainly isn't. There are all these people who have all the power and no accountability. We can dismiss any politician in

Britain if they don't do their job properly. We cannot dismiss any of the powers at be in Brussels.

QUEST: So when the chancellor, the finance minister, today said taxes will go up. The IMF has warned of a recession. Everybody has told you that there

will be harder economic times.

MAIR: Not all of them, and watch out for anybody that makes a claim that has qualifying words like may, maybe, could, should, if. Don't believe

anything they say when they say that.

QUEST: Surely it borders on the perverse to be pushing forward when the experts say your taxes are going up. Your economy is going to shrink. It's

going to be worse economically.

REYNOLDS: Well, when people like George Osborn say things like that.

QUEST: The finance minister.

REYNOLDS: Yes, our chancellor of the exchequer, well we know not to believe him. Because he's been quite wrong about so much other stuff in the past

anyway.

MAIR: Those same experts told us if we didn't join the euro our economy would collapse. We didn't join the euro, thank goodness.

QUEST: That's the most difficult question here perhaps. Are you worried that in some shape or form you're going to be seen either as on this

immigration question racist or as little Englanders just trying to run up the flag and try to protect something from the past?

REYNOLDS: Absolutely not. Our concern is not just for the British born people. It's also for the welfare of the immigrants. Because a lot of them

come to England and they are exploited.

MAIR: Absolutely agree with that. We welcome anybody here. Because it is, after all, a great country. That's why so many people want to come here.

We're not little Englanders by the way. We're Great Britainers.

QUEST: Great Britainers, thank you, sir and thank you, ma'am, for joining us, and thank goodness the weather has held.

MAIR: Well, yeah.

QUEST: Come on. You've had more rain so far in the last couple days than for weeks. It's been soggy every time I've walked outside. It's been

gorgeous today. The sea is beautiful and the sun has been shining.

MAIR: I used to come here on holiday every single year with my family on one of my caravan sites as a kiddy.

QUEST: I didn't do you any harm. All right, thank you, sir. We will continue on this caravan site in the middle of eastern England where the

scenery is quite breathtaking. It's QUEST MEANS BUSINESS and you're very welcome on our Brexit bus.

[16:50:00] (COMMERCIAL BREAK)

QUEST: Welcome back. It's QUEST MEANS BUSINESS. as we continue to go across the country and looking at obviously the story that we'll be dominating

next week as Britain decides on its future in the European Union.

But tonight I do need to bring you the breaking news that Egypt has confirmed the search teams for EgyptAir flight 804 have found the plane's

wreckage or at least large parts of the wreckage. The plane crashed into the Mediterranean Sea on May the 19th. David Soucie is CNN's safety

analyst. David, it was when Egypt, the first ship that Egypt brought in to search. That was using pingers. But this Lethbridge ship they brought in

afterwards that was using sonar. And that seems to be the key difference here, doesn't it?

DAVID SOUCIE, CNN SAFETY ANALYST (via Skype): Yeah, it really does, Richard. Remember, the pingers are coming from the underwater locator

beacon. So that only works for a certain amount of time. And the fact that they found it with the sonar is very interesting to me because that

indicates to me that those pingers stopped work prematurely. So very, very fortunate they were able to find this thing with sonar at this point.

QUEST: I mean, when you say found it. I mean, in the sense that they would have found it eventually. I mean, the Mediterranean is deep and wide, but

it would have been a much more herculean effort, but the statement from the Egyptians said that they were looking around the potential crash site, and

the waters there, we believe, are about 8,000 to 10,000 feet. So it is fortuitous, isn't it?

SOUCIE: Yes, it certainly is, Richard. It can be very deceiving these sonar readings that you see. We can go right over it and not see it. Sometimes,

especially in this particular area of the Mediterranean, where there's some stones and rocks and other pieces at the bottom of the ocean that can lead

them off.

QUEST: David, I just want your thoughts. We've now had the Egyptians yesterday -- or the day before yesterday -- confirming the Greek air

traffic control swerve to the left and 360 to the right. But it doesn't tell us whether that was the plane in extremist or a commanded movement

from the cockpit. What's your gut feeling on that?

SOUCIE: Well, my gut feeling it was commanded. Because typically that is what you would do if something happened to the aircraft. You won't want to

continue straight down on your current path because there's aircraft coming the opposite direction, about 1,000 feet below. So you make that turn to

the left or to the right, but you want to go 90 degrees from where you are and then make your descent down. So it would make sense to me that they did

this if it was commanded. Doesn't really fit the profile to me of an uncommanded fall from any type of event on the aircraft.

[16:55:00] QUEST: But that's, of course, and, you know, let's -- we'll get the details soon enough -- but it is the lack of a mayday followed by the

ACAR warning, these movements, but the lack of any form of mayday that perhaps is most troubling here.

SOUCIE: It's very suspicious, and it makes me think that something very, very dramatic happened on board the aircraft and very quick and sudden.

Because the pilots, first of all, do I have to admit that the first thing they would try to do is command the aircraft, to keep it under control. But

that doesn't explain, at least say something on the radio.

QUEST: David Soucie, joining us, thank you, David, for promptly coming and talking to us this evening.

We'll have a Profitable Moment after the break. I have to say it's a Profitable Moment from the east of England. Remember, the Brexit vote or

the U.K. referendum is in next Thursday the 23rd. We are -- there you are. You're over there on the caravan campsite where actually it's a delightful,

beautiful summer evening. Good evening.

(COMMERCIAL BREAK)

(BEGIN VIDEO CLIP)

QUEST: Tonight's Profitable Moment from the beautiful beaches of eastern England. On today's program we brought you the views of those who are

implacably for the "Leave" campaign. They want out of the European Union. They tend to be an older generation who look back on what they perceive as

a softer, gentler, more prosperous time in the past. They see little benefit from the large-scale immigration here from the Baltics States and

Eastern Europe. To those people appealing on the grounds of economic hardship, recession, higher taxes, the whole argument being put forward by

the government, it simply won't work. They are voting to "Leave" on what they believe is sovereignty grounds. They think they have lost control of

their own country and they want out.

(END VIDEO CLIP)

[17:00:00] If you're going to go caravanning in Britain, you better have some barbecue and enjoy the early evening sites. That's QUEST MEANS

BUSINESS for tonight. I'm Richard Quest in eastern England. We'll be in Stoke tomorrow. Whatever you're up to in the hours ahead, I hope it's

profitable. I'll see you tomorrow in Stoke.

END