Stocks break losing streak; can the rally continue?


U.S. stock futures were searching for direction this morning, after Wall Street's wild ride Thursday, which ended up breaking a five-session losing streak. The recent pressure has been due to concern about next week's Brexit vote. (CNBC)

Crude oil prices were higher this morning, after six negative sessions in a row including Thursday's 3.75 percent decline, as crude took a breather from worries about the impact of Britain's possible exit from the European Union trading bloc. (Reuters)

The yen's steep climb this month has spurred a startled response among Japanese policymakers. The finance minister there tried to jawbone the currency today. The yen was stable against the dollar this morning. (CNBC)

Japanese stocks, taking a cue from the steady yen overnight, closed 1 percent higher. But the Nikkei still lost 6 percent for the week, as concerns over Brexit and the yen's advance after the BOJ kept monetary policy steady Thursday pressured the market. (CNBC)

Bernie Sanders said last night, in an address to his supporters, he would work with Hillary Clinton, the presumptive Democratic presidential nominee, to transform the party and beat Republican Donald Trump. But Sanders did not concede to Clinton. (AP)

A key ally of Russian leader Vladimir Putin has expressed his approval of Trump, saying the presumptive Republican presidential nominee could improve international relations, and his appeal is more complex than reported by the media. (CNBC)

The murder of pro-European Union politician Jo Cox has shocked the U.K. and could sway public opinion towards the safety of a unified economic bloc, analysts say. Cox was stabbed and shot Thursday in an attack that halted Brexit campaigning. (CNBC)

Omar Mateen, the Orlando gay nightclub gunman, sent a text message to his wife during Sunday's rampage, asking "do you see what's happening?" That's according to a source close to the family. Mateen was later killed in a shootout with authorities. (NBC News)

American rocker Meat Loaf collapsed on stage last night during a performance in Edmonton, Canada, days after he postponed a show due to illness. The 68-year-old musician fell down while singing "I'd Do Anything for Love." (Reuters)

Controlling shareholder Sumner Redstone moved to remove five of Viacom's (VIAB) directors, including CEO Philippe Dauman, from the struggling media giant's board. Dauman and the board are expected to contest Redstone's move. (Reuters)

Dish Network (DISH) has dropped the NFL Network, the National Football League-owned channel. It went dark on the satellite TV provider last night after the two sides were unable to come to terms on a new distribution contract. (WSJ) (CMR) was also a serious bidder for LinkedIn (LNKD), the business networking site that sold to Microsoft (MSFT) for $26 billion this week. Salesforce wasn't able to compete with the huge premium that Microsoft paid. (Recode)

Chicago Mayor Rahm Emanuel was pushing for a last-minute compromise before the city council votes today, on an ordinance to bolster regulation of drivers with the ride-hailing apps Uber and Lyft, which have threatened to leave the nation's third-largest city. (USA Today)

Philadelphia is becoming the first major U.S. city to approve a tax on sugar-sweetened and diet beverages. The city's council approved a 1.5-cent per ounce tax, which is expected to raise over $90 million to fund projects like pre-kindergarten expansion. (


New housing construction is expected to have slipped last month, after starts surged in April on ramped up activity on single and multi-family homes. Building permits, also out at 8:30 a.m. ET, are seen rising for May but at a slower pace than the previous month.


Oracle reported better-than-expected fiscal fourth-quarter revenue, as sales in its cloud business surged. The CEO expects cloud to grow by more than 65 percent in fiscal 2017.

Smith & Wesson (SWHC) raised full-year outlook, after fiscal fourth quarter results beat forecasts. The largest U.S. gunmaker shipped a record 1.8 million weapons last year, mostly handguns.

Revlon (REV) is buying Elizabeth Arden (RDEN) for $870 million, more than a 50 percent premium to Thursday's close. Revlon is looking to strengthen its skincare and fragrance business.

Mosaic (MOS) is reportedly in talks to buy Vale's (VALE) fertilizer unit, which could be worth $3 billion. A deal could see Vale become Mosaic's biggest shareholder, with a stake between 12 and 15 percent.

HSBC (HSBC) will pay nearly $1.6 billion to settle a 14-year-old shareholder class-action suit, stemming from the household international mortgage business it bought in 2003.


The U.S. soccer team survived a wild second half to defeat Ecuador last night, 2-1, in the Copa America quarterfinals, advancing to the semifinals to play the winner of Saturday's match between Lionel Messi's Argentina and Venezuela. (Washington Post)

Before a home crowd, LeBron James, with 41 points, 11 assists, and eight rebounds, led the Cleveland Cavaliers to victory last night, forcing a Game 7 in the NBA Finals against the Golden State Warriors on Sunday back in Oakland. (NBC Sports)

Waves of rain, thunder, and lightning suspended play three times at the U.S. Open at Oakmont Country Club in Pennsylvania. Only nine golfers were able to complete their first round, setting up a long Friday for most of the field. (Golf Channel)

The world governing body of track and field is set to decide today, whether Russia's athletes can compete in the summer Olympics in Rio, following one of the biggest doping scandals in sports history. (USA Today)