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This is a Bloomberg Business Flash.

And I'm Karen Moscow, the aftershocks of the UK's vote to leave the EU reverberating across financial markets after a weekend of political turmoil with a pound extending its record sell-off and European equities dropping to levels

last seen in February.

Let's go to the first bird Breaking News desk for today's morning call.

Here's Bill Maloney.

Good morning, Bill.

Good morning, Karen, that's right. Breaks at follow-out continues with the U.S. futures

under pressure this morning. Dow futures lower by 119 points. Cess to be futures drop 14 and

Nasek futures decline by 35. The U.S. 10 yield drops to 1.47%.

The Nikk jumped 2.4% overnight.

Well, Europe is also under pressure with most markets down 2%.

The pound fell below Fridays low and the UK 10 yield dropped below 1% for the first time on

record.

On the U.S. economic front at 830, Advanced Goods Trade Balance at 945 market U.S. Economic Front at 830 Advanced Goods Trade Balance at 945 Market U.S. Services PMI and at 1030 Dallas Fed.

In other news, the Financial Times reported that Intel is said to a sale of its cyber security unit and in deal news

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