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Morning Brief

Dow futures top 200 points on easing Brexit fears

Key Points


U.S. stock futures were soaring this morning, as global markets rallied on polls showing the "stay" camp making gains ahead of Thursday's vote by the U.K. on whether to exit the European Union trading bloc. Wall Street is coming off a tough week. (CNBC)

Oil also was surging this morning on easing Brexit fears. Campaigning for Britain's vote on EU membership resumed Sunday after a three-day hiatus prompted by the killing of a pro-EU lawmaker. U.S. crude prices were lower last week. (Reuters)

The sudden decision to step down India's highly revered central bank chief casts doubts over the commitment of the government there to structural reforms and the country's standing at a haven amid the troubles in other emerging markets. (CNBC)

The IMF today urged Japan's government to overhaul its stimulus policies by moving income policies and labor market reform to the forefront, supported by more monetary and fiscal stimulus without a specific calendar date for achieving inflation targets. (Reuters)

Intense heat killed at least four people this weekend in Arizona. The heatwave is expected to continue in the triple digits today, the first day of summer. Monday's high in Phoenix could hit 120 degrees, the hottest in more than 20 years. (NBC News)

Attorney General Loretta Lynch said partial transcripts of the 911 calls made by Orlando shooter Omar Mateen during last week's assault on a gay nightclub will be made public today. Lynch is due to travel to Orlando tomorrow. (Reuters)

A week after the worst mass shooting in the U.S. history and a nearly 15-hour filibuster waged on the Senate floor by Democrats demanding action after Orlando, the Senate is set to vote tonight on four gun control proposals. (NBC News)

Ahead of tomorrow's speech to set herself apart from presumptive GOP presidential nominee Donald Trump, there's word one of President Barack Obama's economic advisers is joining Hillary Clinton's Democratic campaign for the White House. (CNBC)

Facebook (FB) hosts its annual shareholders meeting today, with board members up for re-election, including Peter Thiel, the billionaire who recently succeeded in his efforts to bankrupt Gawker. The change in the voting structure of Facebook shares is also on the agenda. (Recocde)

Alphabet's (GOOGL) Google unit claimed the top spot in LinkedIn's (LNKD) first-ever release of its Top Attractors list, which includes a ranking of the 40 most sought-after employers in America. Salesforce (CRM), Facebook, Apple (AAPL), and Amazon (AMZN) round out the top five. (CNBC)


Following last week's decision to keep interest rates steady, Fed Chair Janet Yellen is set to testify before the Senate Banking and House Financial Services committees tomorrow and Wednesday. Investors hope for a clearer picture of the future for interest rates.

Ahead of Yellen's appearances, Minneapolis Fed President Neel Kashkari speaks at 12:15 p.m. ET in Washington at a banking symposium, looking at "too big to fail" regulations.


GlaxoSmithkline (GSK) said its experimental lung drug met the main goal of a late-stage study. The positive results allow the drugmaker to apply for marketing of the treatment by the end of the year.

Anti-trust regulators are concerned about Anthem's (ANTM) proposed acquisition of Cigna (CI), according to the Wall Street Journal. Regulators unsure whether the firms can offer enough concessions.

Iran has reached a deal to buy 100 planes from Boeing (BA), according to iranian officials, which would make Boeing the first major american company to enter a deal with Iran following the lifting of nuclear sanctions.

The Justice Department dropping a case against FedEx (FDX), which had accused the delivery giant of illegal prescription drug trafficking. FedEx had faced potential penalties of $1.6 million.

"Finding Dory" far surpassed estimates to top the North American box office this weekend, taking in $136.2 million, making the the Disney (DIS) and Pixar sequel the highest-grossing animated debut of all time.


Vilified when he left and celebrated when he returned, LeBron James led the Cavaliers to their first NBA title, beating Golden State Warriors last night in Game 7 in Oakland 93-89. Cleveland became the first team to rally back from a 3-1 series deficit to win. (NY Times)

American Dustin Johnson, seeking redemption after several near-misses in recent years, claimed his first major golf tournament title, winning the U.S. Open at Oakmont Country Club in Pennsylvania Sunday. Johnson capped a solid round with a birdie on the last hole. (Reuters)