following britain's historic vote to leave the european union. i am matt miller. scarlet: it is 4:00 p.m. in new york. i am scarlet fu. joe: i am joe weisenthal. alix: i am alix steel. scarlet: i am keeping my eye on equities. trading is getting ready to gear up in a few hours. we know the broadest center of european stocks, it is a .9% down. the biggest decline since october 2008. we have a chart on the bloomberg which i can tweet out for the radio listeners. this is the stoxx 600, from peak to trough, it fell 24 points. that is the biggest intraday point swing so far this year, one bigger than the last year, in which the august selloff generated by the chinese yuan depreciation. if you go out to a five-year glimpse, this move is historic by any standards. joe: i want to take a quick look

at at key government bond we are talking about tomorrow, and that is the spanish two-year yield. one of the concerns post brexit or post the vote is there is going to be for the political contagion. there is an election counting underway right now in spain. you can see an increase upward in the yields from negative territory back to positive territory. if anything happens politically where people start to doubt whether the government and the eurozone countries are committed --the existing path, existed committed to being in the eu are the eurozone, you might see pressure on these clinical sovereign yields. on the spanish two-year yield, there is a lot of concern. that is way lower than it was a you years ago in 2011 are 2012. keep an eye on that tomorrow. matt: i want to look at currency markets right now. the pound is excellent trading down this afternoon, just a little bit. look at the chart, you can see a 134.96.ading at

184.97. pound at gdp, japanese yen, one 37.197. so big moves there. obviously, you will see moves like this for the beginning of the week, and on friday, they were massive as well. the point that alex makes is most important, which is, it is not the absolute level of the currency. the japanese yen, even trading below 100 is only turning back to party 14 levels, but it is the velocity at which it gets to that level, that is a real problem for the economy. it makes it difficult for businesses to plan and execute those plans. areny big swings like this very difficult times, especially for business leaders trying to execute their plans. alix: we are two hours away from oil being traded on sunday

evening. let's see where oil ended on friday. it was down by 5%. you also saw a washout in copper, down 2%, gold surging higher, $50 up. at one point, the most since the height of the global financial crisis in 2008. copper is the metal to be watching because cap economists are lowering their estimates for global growth, looking at the u.k. and euro growth, that will hit copper. it is a proxy for global growth. houses use it, industrials, it is still important. that is a key metal to watch in the market. let's take a deeper dive into the bloomberg terminal. you can find, by the way, all the charts we are talking about on your has -- terminal. you go into the chart library and on the charts have individual numbers. if you are listening on the radio, type in the numbers, you can follow along it truly.

we'll tweak is out as well. -- tweet these out as well. the bloomberg pound index, which compares the british pound 27 of the most important trading partners, it is trade weighted, a quiddity waited. like the dollar -- the critically -- equity weighted. stunning from the february 20 the, this is the day referendum was an outcome of date was set for the brexit vote. of course, the action we sound, the massive drop with so many of the trading partners, all of them took it down. it had been above 100% since february 20, and is now down 7% since then. the dollar gained some strength as a safe haven play. a good segue, i'm

looking at gold, one metal that had a big breakout day. rsi,ng at bloomberg, the the relative strength in the index tells you whether or not a stock or asset class is overbought or oversold. you can see this just got into overbought territory. the threshold is that 70 line. you see a huge move just from the end of may. i should point out that gold itself is rsi, it is now at 65. these safe havens, especially if the stock, reaching that overbought territory. ,oe: i am looking at a currency a chart i probably brought up five times over the last couple of weeks, but it continues to be very relevant, and that is a chart of pounds with the british -- the british pound the swiss and futures. franc this compares the two. look at that, 10 days, moving essentially in lockstep.

extent to which risk assets like the s&p 500, or the futures specifically, are all cueing off how people are seeing the brexit situation. it looks like they were going to vote to stay in, i huge plunge. it will let be surprising to see these continue to -- together for a while. scarlet: and a reminder to all the radio listeners you can find all these charts in the #btv library, and then you we will all treat them. -- tweet them. the world's richest 400 people lost a collected $470 billion in the selloff we saw on friday. that is a lot of net worth. is $3.9ned net worth trillion. they are doing ok. that is not the issue. it is not the output but the velocity they are losing money.

the biggest paper loss was belonging to europe's richest person, losing $6 billion on friday. that is a lot. dropped $1hers that billion include bill gates, jeff bezos, and the uk's wealthiest person joe grabner. mark barton is standing by at westminster. he will take us into a deeper dive in u.k. politics. not on sunday, you would expect that much action, but we have seen at least 11 shadow cabinet ministers resign in an effort to put more pressure on jeremy corbyn to end his resignation himself. what are you hearing on that front. the fp reporter, we can see plenty more tomorrow. do the math, 20 + 11, 31. how many minutes on the shadow

cabinet? that is 31. that includes jeremy corbyn, whose position is slowly becoming untenable. it kicked off earlier today, the shadow foreign minister hillary back, he said he had no more confidence in his leader, jeremy corbyn. corbyn sacked him, and then it was astonishing. 10 shadow ministers resigning, corbyn ain't going anywhere, we know that because joe mcdonnell, his campaign manager, the shadow chancellor, said he is not going anywhere. he has got the backing of the party as in the countrywide party. even if there was an election, corbyn's name would remain on the ballot in the is very likely we would get a recap of what happened in september when corbyn won by a landslide. essentially, the labor parliamentary party has no faith in him. they did not like the way he adopted himself during the referendum, and also they fear in an election standoff against someone like boris johnson, he has absolutely no chance, matt. , the a couple hours ago

scottish first minister nicola -- she saidated they are in hiding. they have no plan, and the opposition is imploding. she is giving the sense of a complete vacuum of power. who is in charge right now? who will set the path forward for were the u.k. goes next politically? a great, greats question. the top a black hole at of british politics, as you say. there is a political vacuum. the labour party is imploding. we have not heard from prime minister david cameron since friday, when he said essentially he is stepping down, yet he will study the ship until a new leader is voted in. wehave this time whereby don't know who the next leader will be. we have heard from boris johnson on friday.

we have heard various other ministers speak up, but we don't know the next prime minister will be. in the meantime, we are waiting to hear from david cameron tomorrow. he will address parliament for the first time about brexit, and even better, he has to face his cabinet. on the cabinet, former allies, former friends like michael joe, who have been a part of this for thehumiliation prime minister, who is in charge here, joe? great, great question. and present, it is unclear, which is why ministers like nicola sturgeon, minister of scotland, is making hay with the sunshine. she says scotland is getting ready for another referendum, she says if the vote for a brexit is put before scottish parliament, she will recommend her mps was against it. i am not sure that a constitutionally possible. probably will not given their consent. but in highlight, the resurgence

of nicola sturgeon, we have a complete black hole in this dark westminster. get ready for a manic monday, guys. david cameron addresses parliament tomorrow. matt: i am sure it will continue to reign as well. the amount of rainfall has been biblical proportions. insideohnson has been during most of the rain this weekend. the financial times is reporting that he is actually meeting with allies now in order to get his campaign together to run this country. do you think we are going to see boris johnson come out triumphant, because he did not the terribly site -- site about vote?hed about the brexit mark: it was unlike camp. it was just after the referendum results. he praised david cameron. you will not get a jubilant

doris johnson on friday. this is a man who is of course very likely to announce his candidacy to the next leader of the conservative party this week. that is according to the sunday telegraph. the sunday telegraph also headlines the tories are at war. those members of the conservative party that are close to administer david cameron, they are not happy with boris johnson three they are not happy with michael goad. these are two members of the lead -- the lesser campaign to take britain out of the eu. is teresa maybe the home secretary, the alternative to david camera. let's not forget this week, doris johnson -- boris johnson will announce his candidacy. it is also known that boris johnson will not, i say, will not collect second election. what are we in for after quite an astonishing three days here

in the political scene? mark: losers -- matt: losers aren't happy with the way things go down, but you have seen more celebration from the winners. we did not see that this weekend. bloomberg's mark barton standing by in the rainy westminster. scarlet: for many, this was a vote against globalization, by the people who do not benefit from the world's interconnected nets. this is special coverage on bloomberg television and bloomberg radio. ♪

♪ mark: this is bloomberg special coverage of the brexit vote on

bloomberg television and radio. let's go to first word news. after the british voters leave the european union, officials within the block want the u.k. out as soon as possible. the european parliament president martin show says britain should file to leave on tuesday. other top brass are repeatedly pressing the brits to move quickly to avoid a time of uncertainty for the remaining 27 countries. the victorious leave campaigners say there is no rush. thee are reports that brexit campaign leader boris johnson will launch his bid to six need david cameron as conservative leader -- succeed david cameron as conservative leader. he has lawmakers that will buy cam. -- that will back him. hillary clinton will address the 84th annual meeting of the u.s. conference of mayors in indianapolis at this hour. sent -- bernie sanders appeared

on state of the union and discussed what secretary clinton needs to do to convert his supporters. bernie sanders: we are trying to say to secretary clinton and the clinton campaign, make it clear which side you are on. stand up, be bolder than you have been, and many of those voters in fact may come on board. mark: senator sanders said he is absolutely confident the vast majority of my supporters will vote for her,". powered by more than 2600 journalists and analysts in more than 20 -- 120 countries. this is bloomberg. i looks, scarlet, joe, matt, back to you. headlines withk 76% of the vote in. ofnow see pt, the party arrieta with more of them, the socialist party has 3% of the

voter, 89 seats in parliament. day mouse has 71 seats in parliament. what is interesting is the communist party and the socialist party together have far more seats than mariano rahoy's party, and if they along together, they could form a government and rule in spain. the alternative party, the live spain have got 29 seats, 12.5%, which is not a fantastic turnout for albert rivera, but not terribly poor considering the spanish, the original spanish vote. deutsche bank analysts reacted to this research -- in a research note fight writing more ominously, we think it is a deeper malaise around that would be success of capitalist

economies to deliver rising living standards. at this stage, the better solution is interventionist demand-side stimulus to redistribute pending power away from those, towards those that might -- capitalism needs another reinvention. it does not feel particularly stable. this tone is similar to what the next guest said ahead of the vote. running me in london is duncan wells, the head of research at this group. you said this is frightening. it certainly looks like this vote was a vote against globalization. we have seen in the u.s. the popularity of donald trump, and even the swinging of hillary clinton towards anti-prayed campaign. what do you think this means? >> it has a problem at the moment. deutsche banke

are saying capitalism needs reinvention, that is a time to start listening, when it is not bernie sanders and that will investment bank. work, lookingese at the last two decades, wondering what has happened to people across the global income distribution over the last couple of decades to read what we see is people in the middle, the emerging middle class in for china, asia, have a fantastic couple of decades. huge falling global poverty, much better things are happening. when you look at the top, people at the very, very top, people in the west have done well, but a significant number of voters, consumers, citizens across the west, in the united states, have been left behind. they see very little growth and a large rise in inequality. and now it is in europe and in the united states, you are seeing people react against that. matt: we are seeing a lot of people, deutsche bank being a

good example. a lot of people pointing this out and is to be a re-think, more aggressive distribution of the spoils of trade and globalization. have 30 to be more aggressive fiscal response. do you ever see anything like that forthcoming, argue jesse the status quo among the leaders -- order you just see the status quo among the leaders and hope something turns around? >> i hope something is forthcoming, because if not, the further political supporters, cross-border, spread capital movements which have been a tremendous thing for global growth, will start to dry up. it will be a political backlash. you will see a rise in protectionism. that will work against the world economy and the people who are not benefiting, they will suffer if unemployment starts to rise. what is interesting is, why are we seeing this now in the last five or six years? this has been there for the last 20. it is partially post crisis. just before the

crisis, we have easier access to house prices, you could easily bar on a credit card. your living standards may not have been heating up with people at the top, but the credit is not coming back anytime soon. now we have a problem which requires a response from politicians. matt: you will stick with us. duncan weldon, the head of research a revolution group in london. during this special brexit coverage on a sunday, live on bloomberg television and bloomberg radio. ♪

♪ scarlet: this is special programming of bloomberg television and bloomberg radio live on the historic brexit vote. joe: with a still from london is duncan weldon, head of research at the resolution group. he wrote a lot about economics

and the winners and losers from globalization and how the brexit vote is a response to that. but there are non-economic aspects to this, this idea of we are turning into nationalism, people feeling the elites belong to their own club separate from their own countries. how do you address those things? people point out the places, some of the places that wanted to leave our places that already received a lot of pain already. there seems to be noneconomic issues here that are not easily addressed by spending more money or sharing the spoils. duncan: absolutely. is, i want to start with you see scotland and north island -- ireland, they wanted to stay. england,at wales and the single determining factor was poorer areas. they wanted to leave by larger margins. richer areas wanted to remain by large margins. it was not just that. there was a strong correlation

with age. those who wanted to leave were old, the young wanted to remain, and the correlation with education. the u.k. has been split down the middle by a huge amount of grievances here. is, aing that we can say really important people voted to leave was immigration. two or three weeks ago, the remain campaign is doing well. and they switched their messaging to talk about immigration, take control of the borders, and that resonated with people. what is fascinating is, areas which have not seen much immigration voted to leave. matt: thank you so much for joining us.

matt: this is bloomberg television. let's get first word news. in scotland, the government is

working on legislation for a new referendum on independence. the scottish first minister says she also wants to talk with european leaders about continuing scotland's relationship with the european union. in 2014, scots voted to stay in the union with england. the sunday post says a new poll now shows a majority favor independence. the sense that there is a way of building against the establishment is real, the word gingrich talking about the u.s. presidential election in the brexit vote. he was also asked about the possibility of being donald trump's running mate. >> nobody called me, nobody said would you like to be, nobody said would you be willing to be considered. >> given the fact that we are three weeks away, what does that say? >> is probably going to start digging about it two days before. >> are you serious? >> yes. i don't think he wants to make a decision until the convention. i think he is a very decisive person.

there's not much vetting to do . mark: gingrich also said the u.s. will probably be in a recession by late summer. the attack of the democratic national committee computer network was part of a broader campaign by russian hackers. "the wall street journal" cited a report that says a group of hackers targeted the e-mails of hillary clinton and others. within the past year, they reportedly tried to breach about 4000 individual e-mail accounts, including us-based military spouses, political activists, and journalists. federal officials are in west virginia to assess the damage from devastating floods that have killed 24 people. president obama has offered his condolences and signed a three county disaster declaration. thousands of homes and businesses in the state are without power. the flooding has led the pga

tour to cancel the greenbrier classic, which was scheduled for next month. global news, 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus around the world. i'm mark crumpton; this is bloomberg . alix: thanks. we are looking at the deeper reaction in the markets, specifically the peripheral countries in europe and spain on the heels of this election. scarlet: we have reaction to the brexit vote in the anticipation of the spanish election, which looks at the moment as though it is still somewhat undecided. alix: it looks like it could be for we arehe party still sussing it out. scarlet: if you look at what happened in the spanish bond market, there was an increase in bond yields, a selling within

the peripheral countries -- 10ly, for example, saw a year yield of jumping the mostly have seen this year, although when you look at the longer-term bond and you recall the yields we received a year and a half ago in spain, we're still nowhere near where we were at that point, but there is a little bit of an unease building about what the brexit vote will mean for the rest of europe emperor of relations. joe: i'm reading bloomberg's headline, and it is still very unclear if the government will gain seats. it seems that this could be reassuring; that at the moment there hasn't been some massive surge in anti-establishment parties everywhere. said, youhat being still have this fragility of subsectors in the spanish economy, and officially the banking system.

we learned of the biggest participant in the new loan program were the spanish and italian banks. the spanish banks were the worst , soormers that we saw that's an example of their fragility, that they are seeking help from the ecb for funding. other losers within the spanish market includes some interesting companies not based in spain, ia telefonica, which may delay ipos of a couple units, one of which is based in the u.k. there's a very direct potential u.k. alix: thank you very much. primet: let's see how the minister of spain is faring in today's general election. for more we go live to elliott gotkine in madrid. how do early results compare and givenxit polls,

that the exit polls and pulling in general have not have a great couple weeks? elliott: it was another not so , and i also think for traders and investors whose nerves are shredded will be counting their lucky stars that spain takes place on a sunday, because things would have been all over the place. the polls seem to suggest that the anti-austerity, anti-establishment party had sur they wouldember, and be in that position to potentially form a majority government here in congress, but the first set of results, more than three quarters of those counted paint a different picture. the conservative people's party of the acting prime minister did a lot better than expected, the socialists came second. the two main establishment

parties have taken the top two places. that said, we still don't know for sure exactly how this is going to play out, what government they might get, if it will get a government, or if it will go to a third election. joe: what are the chances of a third election? i saw that turnout had climbed up to over 70%; that seems very high, because as far as i understand it, the spanish have political burnout here. they're just tired. unless i read the long headlines, turnout was incredibly low, the lowest on record. there is a bit of voter apathy december'sllowing inconclusive vote. there is a possibility of a third election but it's not something spaniards want, and it would not be the first choice for the party chief when they start their phone calls or their informal talks once all the

are out. another possibility is that you could get a minority government led by the incumbent people's party with the socialists tacitly supporting it on particular measures so they could be a minority government, the one thing i can tell you is said before the selection that the only things not priced into the market were a win for the leftists or third election. anything else is good for the markets. there may be a rally because of the people's party when, but it in, but it still uncertain territory because we don't know how this is going to play out. alix: if we do see that people's in, 20 that meanoes i for the catalog people's independence? >> i elliott: they have said that

they would favor some kind of referendum in catalonia, where barcelona is the main city. but the main establishment parties, are against it. given what we know from the vote counted in the way it is stacking up, it seems that the willal government at least not be in favor of that happening. as i say, we don't yet know the make up of the government, and certainly not what kind of policies are the going to be instituted. if podedmos were in for -- alix: elliott, thank you very much. elliott gotkine in madrid. scarlet: coming up, asian markets begin to trade. we have artists in the sterling drop another 1.3%, extending its light on friday. he will have more with mark

chandler.

marktt: it's time now for the bloomberg business flash, a look at some of the biggest business stories in the news right now. telefonica is considering delaying the planned ipo of its infrastructure unit. that's according to people with knowledge of the situation, who blade market volatility after britain's vote to leave the eu. the madrid-based telephone company was planning to announce the ip next week. -- the ipo next week.

study says companies face more data theft from their own employees than they do from the outside. the study comes from a management consultant, it says that more than 2/3 of company surveys reported data thefts or attempts by insiders, slightly more than half said they were targeted by outsiders. is the brexit dilemma driving surprised bargains for japanese companies that build cash at home and have acquisition deals in the works, because the cost of their deals clinched in u.s. dollars and the euro is lower. the yen soared friday to the highest in more than two years, boosting local firms's purchasing power and potentially saving them hundreds of millions of dollars on purchases that have already been announced. and that's your bloomberg business flash. alix: what you miss?

the question for the pound that traders looking at may have been answered but the currency is mercury than ever. suffered a record one-day loss on friday after they voted to leave the european union, at its lowest level since 1985, in the currency dropped more in tokyo as asian markets are waking up. joins us mark chandler on the phone. we are like an hour away from more currency markets opening. what are you expecting in sterling today? mark: remember, we had such a wide range on friday. it's still going to be above that shock low we saw as results cave-in. -- came in. it tends to the auto correlated, which means that one volatile day is met with another. over the medium-term, volatility n-reverting,

which means we should be repaired. large asset managers will not participate. it leaves the market a bit unbalanced, largely with speculators. joe: i wonder, marc, we have heard from a number of banks saying that this volatility will drive algorithm trading, will drive forced sales from computer programmers to avoid volatility in the equity market. do you think it's the same thing we will see in the fx market, or hedge funds that run these kinds of strategies, trying to get as neutral as possible because of the volatility? marc: the kind of was we have see are typically not hedge funds. my sense about how these algorithms work, i think a little bit of volatility is a good ring, but this one is deadly, given the leverage.

joe: one of the things that makes the post grexit situation -- post brexit situation interesting is what the risks will be. no one smells how it will -- no one knows how will play out, whether we will seem more nationalist movements or attempts spend them. -- stem them. how do you think about assessing the risks, and what specifically do you think is going to happen? bit like the house is on fire and it's tough to know what you put out first. there are so many moving parts. you got scotland and wales, a second referendum, i was reading how it has 3.5 million signatures already. there are so many unknowns. the thing that is driving me the most, besides the actual decision, is the people who favored leaving seem to be as

surprised and ill-prepared as everybody else. 50, whetherrticle they don't, it's like a dog chasing a car, when they catch it, they don't know what to do with it. the uncertainty is so great and it will keep people on the sidelines. noted was thatou the brexit vote said technical conditions in the fx market is really just about psychology. how does that psychology effect policymakers? does it? statement,7 had a again expressing the undesirability of disorderly markets. one thing it does is that even the chinese have a point when they say, they don't want their currency strictly dictated by the markets. one major currency pair going from 150 to 132 in seven hours.

anybody who had a long position on sterling, speculators of have a stop in the market, and how far and how fast we move, all the stops taken out. anybody who was long sterling, that was wiped out. the technical analysis of support and resistance, supply and demand, i think it has been offkilter, and it will take a while to rebuild people's confidence. how do you play this market? you have to love the other person decide first see what happens. scarlet: ok. if you take away sterling for a second, what is a currency. were watching tomorrow? marc: i think the euro will be important, too. many people think that the u.k. leaving will trigger a broader european crisis. the other thing is the dollar bloc, country like australia or

canada could hold up better. typically with the u.s. dollar strong, the canadian dollar tends to appreciate. so maybe you want to avoid sterling, you can play with one of these crosses that give you a lower way. scarlet: great stuff. thank you very much. coming up, our morning must reads. on this special report on bloomberg radio and television. ♪

alix: this is bloomberg television and radio. there has been a ton written on the brexit vote this weekend, and we all chose four pieces we think you need to read. i am looking at a piece written by lori penny, a contributing editor and author. she says "this was a

working-class revolt, but it is not a working-class victory; that's the tragedy here. the collective howl of rage from depressed, the industrialized parts of the country bled white and reckless by thatcher, blair, and cameron has turned into a triumph for another set of elites." crisis is whatg we have to look forward to ask allah decides when to let go of the union." it was an amazing piece, written so well, so dramatic, saying that the working class chose a vote that would wind up hurting them in the future. joe: the piece that i chose that really fascinated me was by rachel donadio in "the new york times," speaking to why so many people who aren't brits were emotionally taken by the vote. "still in the is stung, for me and others of my generation this vote was more about britain's relationship, it signals the

definitive and into the air of transnational optimism in which i came of age, the 1990's. back then, we believed interconnectedness was a strength, and people wanted to study human rights law, nationalism was out of fashion, and weaponize twitter did not exist to galvanize change or takedown institutions." must read. scarlet: i was taken by ken rogoff's essay, in which he noticed how few people voted to make it happen. "it's a hert -- version of the term. modern democracy has evolved systems of checks and balances to protect the interest of minorities and avoid making uninformed decisions when catastrophic consequences. the greater --" you had a referendum with a low bar for exit, a simple majority. he points out that this current standard is lower then perhaps changing the drinking age.

itx: at the of the day, didn't take that much to make this huge decision. 70%,et: voter turnout a which we that 36% of eligible voters backed it. joe: you are taking this badly, huh? [laughter] joe: i feel like you guys are heard. -- are hurt. --eel like most of the press i don't know if offended is the right word, but definitely emotionally hurt are the result of this democratic process. i wanted to look for some positive. it's not easy, to find a positive spin. i looked at all the british newspapers and found one that was regretting the positive. a'grady, "greece is

full on eu member and is fundamentally uncompetitive. meanwhile, couldn't be much further from the eu it is no prosperous nation that exports its electronics, goods, and cars all over the world, including the eu." the point being, you don't have to be in the you to be -- in the althoughe advantage, they will try to make it as difficult and painful as possible for the british. some things, you just have to buy. you can't go on without pg tips. there's a lot of ale that you have to drink. you can't live without of the clarion. there are things that the british make that you need. there you go. a little optimism. we need to take a quick look at what's to come in the next couple hours, and our timeline

-- 6:00 p.m. eastern time is when futures begin trading. smp, the, dow futures -- dow futures. lix: we are going to -- p.m., the:00 australia and tokyo stock exchange. alix: than the singapore stock exchange. joe: then at 9:30, hong kong stock exchange opens and we will get another sense of how asian markets are reaction tting to te brexit fallout. a fascinating few hours. scarlet: the dow closed down by almost 610 on friday, the s&p off by 75 points. these will be a really interesting couple of hours that we will be watching. we have artists in the pound get hit pretty hard in the early asian trading. coming up next, deutsche bank's

chief international economist. tomorrow morning, former fed chairman alan greenspan at 9:00 a.m. you do not want to miss this. the former fed chief on bloomberg television. alix: this is bloomberg markets. ♪

innovation technology and the future of business. ♪ >> is 5:00 in new york. welcome to bloomberg's special

coverage of the brexit. we're taking you from london to new york to hong kong. the existential crisis, britain's labour party unravels. another crucial election, this one in spain. we will have the latest from the dreaded. >> mark cuban weighs in on brexit. >> let's get a check on the headlines. mark: secretary say john kerry is going to london for talks about the future of the european union. kerry spoke to reporters. kerry: