What Brexit? S&P 500 takes aim at record highs
To view this email as a web page, go to the link below, or copy and paste it into your browser's address window. https://click.response.cnbc.com/?qs=770d26e4a0b8957c2ff6eeb34f95165c111cf2497cac44386f18b399881a7a1a2fb80e998c18e664CNBC | Morning Squawk To view this email as a web page, click https://click.response.cnbc.com/?qs=770d26e4a0b8957c2ff6eeb34f95165c111cf2497cac44386f18b399881a7a1a2fb80e998c18e664 here. https://click.response.cnbc.com/?qs=770d26e4a0b8957c2561939c742dc4c39b473d3c909e493c81356d4bc64a38c3d955b538cb1eef44 https://click.response.cnbc.com/?qs=770d26e4a0b8957c897754a96cebcc404568e012f8c512063452564c28b9bf796a0750c2c724b9ad IN THE NEWS TODAY U.S. stock futures https://click.response.cnbc.com/?qs=770d26e4a0b8957c379e91027ad5fb6534089f318c0988d8538061dcc3aa244d0b778060b957869e were higher this morning, following strength in Europe and Asia, as near-term Brexit fears receded. The S&P 500 is very closing to breaking record highs, after Friday's strong rally on the stronger-than-expected June jobs report. (CNBC)U.K. lawmaker Andrea Leadsom is pulling out of the race to become the new leader of Britain's ruling Conservative Party. The announcement means Interior Minister Theresa May https://click.response.cnbc.com/?qs=770d26e4a0b8957c4da48b3de15dbd98196e355834ef320e8a491c32f4ef8d7970b793f22a411913 will be the sole candidate to succeed David Cameron as British prime minister. (CNBC)Japan's Nikkei stock index https://click.response.cnbc.com/?qs=770d26e4a0b8957cc2ebd8a89b7796cb0f86445c75b58481845189ee14cf345756e682ee7f328451 soared nearly 4 percent overnight, bolstered by election results in Japan and shrugging off concerns a strong U.S. jobs report might push the Federal Reserve closer to hiking rates. (CNBC) The dollar was sharply higher against the Japanese yen, while gold and bond yields were steady. Oil was lower this morning, after U.S. crude suffered its https://click.response.cnbc.com/?qs=770d26e4a0b8957c78c320329b74ff999305169c275b36689001ec5c6854a673b038835ac9da18d6 worst week since February , tanking more than 7 percent. (Reuters) Both stocks and bonds looked expensive after rallying together and are now https://click.response.cnbc.com/?qs=770d26e4a0b8957c86259deb3b967617af9cfa86140ad934e58a02caabb4c978c1a610b2e78dcba0 vulnerable to a quick selloff , Goldman Sachs wrote in a research note, going overweight in cash. (CNBC) https://click.response.cnbc.com/?qs=770d26e4a0b8957c4ebd1b8c86963050d19e2dd7fd0477d64e88b2ecdda395d7852663406faa705a https://click.response.cnbc.com/?qs=770d26e4a0b8957cbeb293d3854f82636e799af91adbe87d5e2c96dd910c6ee72cdcd8ad388f12f6 https://click.response.cnbc.com/?qs=770d26e4a0b8957c37f306b0a415e190132c0da346ff651383349b68d4e155ad5b3ea6644382d756 The gunman who killed five Dallas officers https://click.response.cnbc.com/?qs=770d26e4a0b8957cca79dd44478bfee40b21457945de2c2b4e390daf525431a4839c8b10bbc81420 appeared to have been planning a larger attack , the city's policy chief said after a search of Micah Johnson's home revealed bomb-making materials and a journal. (Reuters) https://click.response.cnbc.com/?qs=770d26e4a0b8957c3ed7e487093209ef5dffd22d7ee827a1ccecef3b553a176b485eada449841254 The latest name to surface in Donald Trump's veepstakes criticized Democrat Hillary Clinton for what he called a lack of leadership in the wake of last week's shootings. The Republican convention opens a week from today. (USA Today) https://click.response.cnbc.com/?qs=770d26e4a0b8957ce943371ea31aba4870cab02ebee9fadd808facc4b31ee7903150539f5ebeb51b 103777500 The awkward dance between Clinton and Bernie Sanders, her top Democratic opponent, https://click.response.cnbc.com/?qs=770d26e4a0b8957ccb15afd3e9a46e4373c4937a504d2da84ce27ab2939b9c8f2feb9df835fe9a50 is set to conclude tomorrow , when the Vermont senator appears alongside her at a New Hampshire rally. (NY Times)Boeing (BA) CEO Dennis Muilenburg told CNBC he saw "significant opportunity" in selling aircraft to Iran, calling for approval from the U.S. government. https://click.response.cnbc.com/?qs=770d26e4a0b8957c237672bb485247117228c7083ecadfcf525a2607f6899c5fa8278bb7b3db4ba3 But if we can't , neither should our rivals, he added. (CNBC)Ultimate Fighting Championship, the well-known mixed martial arts promoter, is expected to announce that it's https://click.response.cnbc.com/?qs=770d26e4a0b8957c764a73826883789a7e6819914c980b907f5f10eafc8453327fe0ab396f9ae2b7 selling itself to a group led by the talent giant WME-IMG for about $4 billion. (NY Times)Nintendo shares in Japan https://click.response.cnbc.com/?qs=770d26e4a0b8957c958d2e7073e3f599054540a3d3ada37f48f0d5fe3369f0bb18ff4c6851e03ff1 surged about 25 percent today, on hopes the new Pokemon GO app would give the company's mobile gaming business a serious boost. The app was rolled out last week. (CNBC)Universal Pictures scored a No. 1 hit at the box office over the weekend, with "The Secret Life of Pets," https://click.response.cnbc.com/?qs=770d26e4a0b8957c5dcb9f93c5dfedd088b0f5410db80dc8b234a586554a68d7aa8c26077296cf39 chalking up $103.2 million in North American ticket sales. Comcast (CMCSA) is the parent of NBC Universal and CNBC. (Variety)CBS (CBS) has filed to take its https://click.response.cnbc.com/?qs=770d26e4a0b8957c4e131ed33be3ddd7e07975b7aa69782f18897ed5e55703e17f062caee51a8eae CBS Radio business public. The company currently operates 117 radio stations and preliminary plans indicate that roughly $100 million would be raised in the planned IPO. (Reuters)Wal-Mart (WMT) is offering https://click.response.cnbc.com/?qs=770d26e4a0b8957cc512c68cc1a7c229509039183fd5b4d487333a1818d0d51b9740cae690753fc5 free shipping with no minimum purchase through Friday, firing a preemptive shot in a retail battle with Amazon (AMZN), which starts its second annual Prime Day tomorrow. (CNBC)A decade after unveiling a "master plan" to turn Tesla (TSLA) into an automotive powerhouse, founder Elon Musk has dropped a big hint that he's https://click.response.cnbc.com/?qs=770d26e4a0b8957c79c46e13264d37c78214aaf3db8d30c99ff8ca663f444d7ef1aebf0af702f92f working on "part 2," with details to come later this week. (CNBC)The hacking outfit OurMine has already been responsible for a few high-profile Twitter account takeovers. But now https://click.response.cnbc.com/?qs=770d26e4a0b8957c54eb7bc01a3f34f02648fd4ec8eec93c8073622c5b128e3370ce1bc536c1efca Twitter CEO Jack Dorsey has fallen victim. (The Verge)The final curtain call for https://click.response.cnbc.com/?qs=770d26e4a0b8957ca596ee1b5fd993c27534aae5475c82ef80ca11427611cc4428ad1cbf9cc24b14 four departing Hamilton cast members , including show creator Lin-Manuel Miranda, was broadcast via Facebook Live on Saturday night. (Vanity Fair)BY THE NUMBERS This week is likely to be shaped by economic data, key earnings reports and more than a dozen Fed speakers, as the meeting of central bank policymakers later this month draws closer.No economic numbers are due out today, but the first of the Fed commentary comes at 10 a.m. ET when Kansas City Fed President Esther George speaks about the U.S. economy in Lake Ozark, Missouri.There are no major earnings reports due out this morning, but Alcoa (AA) is out with quarterly numbers after the closing bell, in what was once considered the traditional start of earnings season.The average price of gasoline https://click.response.cnbc.com/?qs=770d26e4a0b8957cdcdcbc6f1588eabcc3e054d7e9f0b2611885599147928664261516ccea38545c has dropped 7 cents over the past three weeks to $2.29 per gallon,thanks to lower oil prices and abundant gasoline supply. STOCKS TO WATCH Zoetis (ZTS), the pet vaccine business spun off by Pfizer (PFE) in 2013, saw Bill Ackman's Pershing Square Capital Management cut its stake to 3.8 percent by selling another 6 million shares. WellCare Health Plans (WCG) and Centene (CNC) have each made offers for the Medicare Advantage plans that insurer Aetna (AET) is seeking to sell to try to gain approval from regulators for its deal to buy Humana (HUM).U.S.-based Sagent Pharmaceuticals (SGNT) will be acquired by Japan's Nichi-Iko Pharmaceutical for $736 million, or $21.75 per share in cash. That compares to a Friday close of $15.50 per share. Britian's AstraZeneca (AZN) is considering a late bid for Medivation (MDVN), according to a report on London's Sunday Times. U.S.-based Medivation opened its books to Pfizer (PFE) and Sanofi (SNY) last week. It's also reportedly talking to other potential bidders. Kimberly-Clark (KMB) is shutting down its operations in Venezuela due to a slumping economy, which has resulted in significant consumer inflation as well as goods shortages. Kinder Morgan (KMI) sold a 50 percent stake in its southeastern pipeline system to electric and gas utility Southern Company (SO) for $`1.47 billion. Kinder Morgan will use the proceeds to pay down debt. WATERCOOLER Substitute Eder's https://click.response.cnbc.com/?qs=770d26e4a0b8957ca0d66b96cfe56a8c9b8fdbcc175adb271dc9a300e8e134c446030c551801d55e thunderous finish deep into extra time against host-country France secured Portugal's first European Championship title, even after Cristiano Ronaldo's early exit due to injury. (Reuters)Britain's Andy Murray claimed his https://click.response.cnbc.com/?qs=770d26e4a0b8957c7539036ccccf76a4b61a638d5cf42ac86b9f52621b2b28db11a3355fdc88cc77 second Wimbledon title with a clinical defeat of big-serving Canadian Milos Raonic. The world No. 2, champion in 2013, was in control throughout the match. (Reuters) CONTRIBUTORS https://click.response.cnbc.com/?qs=770d26e4a0b8957c4b3c11679ff604938d8bb1378d910c757af4215e998f53126d9ae38e363f2662 https://click.response.cnbc.com/?qs=770d26e4a0b8957c4b3c11679ff604938d8bb1378d910c757af4215e998f53126d9ae38e363f2662 Matthew J. 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