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Alphabet shares pressure Nasdaq futures after Google's record EU fine

BY THE NUMBERS

U.S. stock futures were lower this morning after the Dow and S&P 500 eked out gains on Monday, while the Nasdaq closed lower. Alphabet's (GOOGL) Google was hit with a record $2.7 billion antitrust fine in Europe. Shares were under pressure in the premarket. (CNBC)

The action targets the tech giant's Google Shopping service after European regulators received complaints from U.S. and European competitors who claimed the company abused its search market dominance for an advantage over other retailers. (CNBC)

The April Case-Shiller home price index is out at 9 a.m. ET. The Conference Board's June consumer confidence index is released at 10 a.m. ET. Fed Chair Janet Yellen appears at a London event at 1 p.m. ET. Other central bank officials also speak today. (CNBC)

* Dollar near 5-week high against yen ahead of Yellen (Reuters)
* Oil up for fourth session on short-covering (Reuters)
* Ethereum crashing after confidence in bitcoin rival shaken (CNBC)

IN THE NEWS TODAY

The GOP Senate's Obamacare replacement bill would lead to 22 million more Americans uninsured in 2026, while average premiums are expected to fall after climbing at first, according to the nonpartisan Congressional Budget Office. (CNBC)

* Reservations of key GOP senators jeopardize passage (CNBC)
* U.S. image plunges under Trump, Pew survey says (Reuters)

The White House warned Syrian President Bashar al-Assad that he and his military would "pay a heavy price" if they conduct a chemical weapons attack. The U.S. believes preparations for such an operation are underway there. (Reuters)

* Trump urges India PM Modi to ease barriers for US goods (Reuters)
* Trump administration opens marathon Nafta hearings (WSJ)

Time Warner's (TWX) news division CNN has accepted the resignations of three journalists after the publication of a Russia-related article that was later retracted. CNN deleted the story from its website Friday night after an internal investigation. (Reuters)

Sprint (S) is in exclusive talks with Charter (CHTR) and CNBC-parent Comcast (CMCSA) on a potential deal for the cable companies to offer wireless services on the carrier's network. Sprint's merger talks with T-Mobile US (TMUS) have been put on hold. (WSJ)

IBM (IBM) was picked by a consortium of seven European banks to build a blockchain-based platform aimed at simplifying trade finance transactions for smaller businesses. (CNBC)

Barry Cadden, head of a drug compounding firm blamed for a meningitis outbreak that killed 76 people, was sentenced to nine years in prison after a conviction on racketeering and mail fraud charges. (USA Today)

Regulators in California became the first state to require Roundup to come with a known-to-cause-cancer warning label. Monsanto (MON), the maker of the popular weed killer, has filed an appeal. (AP)

Jury selection in the securities fraud trial of Martin Shkreli was off to a slow start as multiple potential jurors expressed disdain for the ex-pharma CEO, who gained infamy in 2015 by raising a drug price by more than 5,000 percent. (CNBC)

Travis Kalanick, who stepped down as Uber CEO last week after a series of scandals, was spotted having lunch on Sunday with JPMorgan (JPM) Chairman and CEO Jamie Dimon. (CNBC)

* Don't tar us all with same brush says tech leader of Kalanick's exit (CNBC)
* Benioff: Uber scandal won't be the last crisis of equality (CNBC)

STOCKS TO WATCH

Darden Restaurants (DRI) reported adjusted quarterly profit of $1.18 per share, 3 cents above consensus. Revenue also beat. Same-restaurant sales increased by 3.3 percent. The Olive Garden parent also upped its dividend by 12.5 percent.

Shake Shack (SHAK) could see quarterly earnings suffer from an excess of rain in the Northeast, according to a Goldman Sachs research report, which also noted many Shake Shack locations have outdoor seating.

Under Armour (UAA) named former Aldo Group CEO Patrik Frisk as its president and chief operating officer. Frisk will be responsible for the execution of the athletic apparel maker's long-term growth plan.

Nvidia (NVDA) announced a partnership with Volvo and Swedish auto supplier Autoliv (ALV) to jointly develop self-driving vehicle technology. The graphics chip maker already has partnerships with Tesla (TSLA), Toyota (TM), and others.

WATERCOOLER

CEO Mark Zuckerberg wants Facebook (FB) groups to play an important role that churches and Little League teams used to perform: Bringing communities together. (CNBC)