US stock futures rise as WTI breaks above $51
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=85da7f984c561af4c69f8e54c4f3a5c94faddd2671ab5506b22f42fb8a513bd1202fd2f919e727a8CNBC | Morning Squawk To view this email as a web page, click https://click.response.cnbc.com/?qs=85da7f984c561af4c69f8e54c4f3a5c94faddd2671ab5506b22f42fb8a513bd1202fd2f919e727a8 here. https://click.response.cnbc.com/?qs=85da7f984c561af483e3793c2fe10b71c2dbe85a7f736adc35d18e3451da34c52b736164db12d42f https://click.response.cnbc.com/?qs=85da7f984c561af4dbe0594d32ec47cb62179981d1f40346236099e85012dc4f7e85c898ada7827a IN THE NEWS TODAY U.S. stock futures https://click.response.cnbc.com/?qs=85da7f984c561af4f3616f4e9e741b4744abb1c683359a3e56b8b285802161e41ee35554c985083c were higher this morning, after the Dow eclipsed 18,000 on Tuesday for the first time since April before closing just below that level. Meanwhile, U.S. oil prices https://click.response.cnbc.com/?qs=85da7f984c561af4332eafd6a891d69adf6ae9b2e35b6152a34cb56bc75ba7ce4cdd9853d31db29d topped $51 per barrel , after settling above that mark Tuesday for the first time since July 2015. (CNBC & Reuters)Set to become the first woman at the top of a major party presidential ticket, Hillary Clinton https://click.response.cnbc.com/?qs=85da7f984c561af404ec2e30fca406a09659746df8e46b5730780c43112a0e6eeb3d896f31d3c8a4 claimed the Democratic nomination last night. NBC called the California primary for Clinton, perhaps taking away the last justification for Bernie Sanders to stay in the race. (NY Times)President Barack Obama called Clinton and Sanders last night to congratulate both candidates for running inspiring campaigns that highlighted important policy ideas. At the request of Sanders, Obama agreed https://click.response.cnbc.com/?qs=85da7f984c561af4960d681370003a7d722daa6ee513f60121602d958981ac783d07872e5b87cf9c to meet with the Vermont senator tomorrow . (CNBC)Trump is making an https://click.response.cnbc.com/?qs=85da7f984c561af4b94374485dd6e71c105e268f844bf611caf6076f93e2abc8494a37fb0b20d48d appeal to Sanders supporters , saying he'd give them a voice in a "rigged system." The real estate mogul notched a series of uncontested wins in Tuesday's primaries, while launching further attacks on Clinton. (CNBC) https://click.response.cnbc.com/?qs=85da7f984c561af413910fc32ce9b611afb5616898f9aa11a60f3ed93c4738652ebe6f9551dff0ed https://click.response.cnbc.com/?qs=85da7f984c561af411b62c4d54406f12aa9b40177fc566baf69610e4bced238fb148e370db40c582 https://click.response.cnbc.com/?qs=85da7f984c561af4476628ec497b16b4ad4be67ad49ff4c988bfa24464b68f3665b9d8b52852a850 Tesla Motors (TSLA) chief Elon Musk said the U.S. electric automaker https://click.response.cnbc.com/?qs=85da7f984c561af43d029d8afd6ad1424069432a445fb4aab108957fd22db807a6ae3fc08cb8e4d1 is working exclusively with Japan's Panasonic to supply batteries for the upcoming Model 3 sedan, its first mass-market vehicle. Panasonic shares in Tokyo soared overnight. (Reuters)Yahoo (YHOO) https://click.response.cnbc.com/?qs=85da7f984c561af4bf06c3901444bca83af90c9b84992b7be59781885fbe876fb3aabf3e6584e180 is auctioning off about 3,000 patents in a sale that could raise more than $1 billion. The move comes in the midst of the high-profile sale of Yahoo's core internet business, for which Verizon's (VZ) $3 billion bid is seen as the leading contender. (WSJ) https://click.response.cnbc.com/?qs=85da7f984c561af4f731177d45e9c77b9419fb98bd31654402bb55ac074d9f6a4c63f2110e9b04d3 A police investigation found no proof Chesapeake Energy co-founder and ex-CEO Aubrey McClendon — who drove into a bridge on March 2, a day after he was indicted by a federal grand jury for allegedly rigging oil and gas leases — was trying to kill himself. (WSJ)Microsoft (MSFT) scientists https://click.response.cnbc.com/?qs=85da7f984c561af49b26ea4bd5d1029682f5403447d1f0f386849e720e94a2e597284aacecc45b00 said by analyzing large samples of search engine queries they may in some cases be able to identify internet users who are suffering from pancreatic cancer, even before they have received a diagnosis. (NY Times)Amazon (AMZN) CEO Jeff Bezos, at a Washington event attended by India's Prime Minister Narendra Modi, said the online retail giant would https://click.response.cnbc.com/?qs=85da7f984c561af4496e930ba1ca18c8b375fd59b78dc03712f8077829177284bb379202259c6234 invest an additional $3 billion in India, bringing its total investment in country to more than $5 billion. (CNBC)Modi is set https://click.response.cnbc.com/?qs=85da7f984c561af4740a76e81b8164c3d7d1c67432e5e7d43e3bf799be2a30bdca60291310e176a0 to address a joint session of Congress today, after meeting at the White House Tuesday with President Barack Obama — a sitdown aimed at consolidating strong ties between the two nations but was short on major outcomes. (AP)BY THE NUMBERS The European Central Bank https://click.response.cnbc.com/?qs=85da7f984c561af49d787b0cfea61e550b8858a0971b479de92876fe279d9046adb2bdcd630e34c2 is adding corporate bonds to its massive asset-buying stimulus program today. Along with other measures such as ultra-cheap long-term loans and government bond-buying, the ECB aims to kickstart the euro zone economy and lift inflation there. The World Bank https://click.response.cnbc.com/?qs=85da7f984c561af4e0d00e2819c0112b1b810dd52b93afed83d8e57eab865eb21073b4863e3cd3af cut its 2016 global growth forecast to 2.4 percent from the 2.9 percent estimated in January due to stubbornly low commodity prices, sluggish demand in advanced economies, weak trade, and diminishing capital flows. It's a light morning for U.S. government numbers, with the Labor Department's Job Opportunities and Labor Turnover Survey, referred to as JOLTS, at 10 a.m. ET, and the Energy Department's weekly look at oil and gasoline inventories at 10:30 a.m. ET. The weak May employment report released last Friday pushed interest rates lower, but the desire for home loans was already on the rise. Mortgage application volume https://click.response.cnbc.com/?qs=85da7f984c561af4f218b01a30fcd835bbd0e711a5178eb89f950098f0f3a53f2bc3a08fbe166a1a jumped 9.3 percent , according to the Mortgage Bankers Association. The original "Ghostbusters" opened in theaters https://click.response.cnbc.com/?qs=85da7f984c561af4af18d59d61de035d5f9d527d490bc1ef6e439adad6f4072adf799d41305f4613 32 years ago today . The 1984 movie made more than $500 million worldwide. The reboot starring Melissa McCarthy and Kristen Wiig will be released next month. STOCKS TO WATCH A day after filing its delayed and ultimately disappointing quarterly earnings report, Valeant's (VRX) new CEO said he would focus on rebuilding the troubled drugmaker's reputation. Valeant shares were stable in premarket trading, after falling nearly 15 percent Tuesday.Former LendingClub (LC) CEO Renaud Laplanche has been speaking with private equity firms about a potential takeover, according to Reuters. Laplanche left LendingCLub in May, following a probe that revealed falsified documentation regarding loans to an investor.Lululemon (LULU) reported adjusted quarterly profit of 30 cents per share, a penny below estimates. While revenue was above forecasts, the yoga wear maker warned on full-year profits. Lululemon's bottom line has been impacted by higher costs.Dave & Busters (PLAY) reported quarterly profit of 72 cents per share, 13 cents above estimates, while the arcade and restaurant chain's revenue also beat forecasts. Dave & Buster's also raised its outlook for the year as well as announcing a $100 million stock buyback program.VeriFone (PAY) missed estimates by 5 cents with adjusted quarterly profit of 47 cents per share, though the provider of payment technology did see its revenue come in above forecasts. VeriFone also warned on outlook, and said a strategic review would likely lead to job cuts. WATERCOOLER Clint Dempsey had a goal and two assists, and the United States soccer team https://click.response.cnbc.com/?qs=85da7f984c561af4717687a84fd4d82db897251a779d92d93a1743c8f0d33f53db7b6cc998136e62 rebounded from its opening loss in the Copa America with a convincing 4-0 victory over Costa Rica last night. (ESPN) https://click.response.cnbc.com/?qs=85da7f984c561af4094fdfa63d4280ee5f5bd07c285df1180b3cf219e47ec69ad6efdc41caf25b1d Tiger Woods won't play at next week's U.S. Open. The 40-year-old, 14-time major golf champion, who hasn't played a competitive round since August 2015, said he's going to continue to concentrate on rehabbing his surgically repaired back. (USA Today) CONTRIBUTORS https://click.response.cnbc.com/?qs=85da7f984c561af4682fab820f41a9d8ac212e5e703fc9b5c261650e193e7bded8f1006271cc47ab https://click.response.cnbc.com/?qs=85da7f984c561af4682fab820f41a9d8ac212e5e703fc9b5c261650e193e7bded8f1006271cc47ab Matthew J. 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