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Fed and Brexit concerns hit global markets

WATCHING THE MARKETS

U.S. stock futures were lower this morning, caught up in a global selloff of more than 3 percent in China and Japan ahead of this week's Fed meeting. The Orlando attack, the worst mass shooting in U.S. history, was also seen weighing on markets. (CNBC)

The yen hit a three-year high against both the euro and sterling, on worries Britain could vote next week to leave the European Union. The Japanese currency against the dollar touched a six-week high. (Reuters)

Oil prices were lower this morning, after logging their fourth positive week in the past five weeks. U.S. crude lost nearly 3 percent on Friday, after weekly rig count numbers showed an increase. (MarketWatch)

TERROR IN ORLANDO

Authorities investigating Omar Mateen's massacre of at least 50 people at a popular gay nightclub in Orlando, Florida are trying to determine whether terrorism, homophobia or both pushed him over the edge. (NBC News)

Law enforcement sources told NBC News Mateen swore allegiance to the leader of ISIS in a 911 call moments before Sunday's rampage, though he does not appear to have direct ties to the radical group. The 29-year-old was killed in a shootout with police.

Despite being interviewed twice by federal authorities in 2013 over terror comments, Mateen had security and firearm licenses, and the weapons used in the assault were legally purchased within the past week.

Republican Donald Trump faces high stakes Monday, with a much-touted speech criticizing Democratic presidential rival Hillary Clinton that will also serve as his first public address since the Orlando attack. (NBC News)

Reacting to the tragedy, Trump tweeted acknowledgement to supporters who credited him with being right on "Islamic terrorism." Meanwhile, Clinton called for unity and more gun control. (CNBC)

IN THE NEWS TODAY

Drugstore chain Walgreens (WAG) is ending its relationship with Theranos, in another blow for the blood-testing startup once lauded for its innovative approach but has increasingly come under scrutiny. (CNBC)

At its worldwide developers' conference today, Apple (AAPL) is expected to announce new features for AI-powered assistant Siri, and an overhaul for its streaming music service. (Recode)

Verizon (VZ) and AT&T (T) are set to go through to the final round of bidding for the core internet assets of Yahoo (YHOO). Second-round offers were in the $3.5 billion-$5 billion range.

Tesla (TSLA) has revised a nondisclosure clause in its customer repair agreements after a U.S. regulator took issue. CEO Elon Musk separately called most reports of Model S suspension problems fraudulent.

Rulings on social issues loom in the final weeks of this Supreme Court term. Decisions in any of three big pending cases on affirmative action, abortion, and immigration could come as soon as Monday. (USA Today)

BY THE NUMBERS

No economic reports are scheduled for today, but it's going to be a busy week on the data front, especially in light of tomorrow's start of the Fed's two-day policy meeting. Tuesday brings retail sales. Producer prices and consumer prices are out Wednesday and Thursday. Housing starts are released Friday.

STOCKS TO WATCH

Symantec (SYMC), maker of the Norton antivirus software, plans to buy privately held cyber security firm Blue Coat for $4.65 billion. The deal ramps up Symantec's enterprise security business.

Tribune Media (TRCO) chose to take off its television channels from Dish Network (DISH) distribution systems across the United States last night, after the two companies failed to renew their contract.

Shares of McKesson (MCK) could rise more than 15 percent as the pharmaceutical distributor trims costs and gains new clients, according to a positive mention in Barron's.

WATERCOOLER

"Hamilton", the pop culture phenomenon, swept the Tonys last night, winning 11 awards, including best musical, best actor, best direction, and best score and book for creator Lin-Manuel Miranda. (Reuters)

Horror sequel "The Conjuring 2" racked up $40.4 million and topped the weekend box office in its debut — nearly matching the opening of the 2013 original, and breaking a recent cool streak for sequels. (USA Today)