Kill your Fears

Good morning Folks, 
Retail sales could drive today's action after we had a nice bounce in the markets yesterday presumably from chatter the Greece and the EU are getting closer to a deal. 

This mornings video
http://www.screencast.com/t/bWHOVer3w

Stocks on my radar premarket
OPXA, GEVO, CDTI,  PTBI, BOX, RAD, EXEL, NPTN, ENZN, AGEN, 
Some late additions
ARIA, TNXP, CORT, CRTN, MARA, MIFI, 

If you are looking for a great news feed check out the Benzinga Professional Banner at the bottom of the blog I subscribed to the voice alert feed and I love it! Check out thier 14 day free trial!  

CNBC 

	BY THE NUMBERS

Investors will be watching two economic reports issued at 8:30 a.m. ET: the government's weekly jobless claims numbers and May retail sales. Meanwhile, at 10 a.m. ET, business inventories for April are out, while theweekly report on natural gas inventories is released at 10:30 a.m. ET. There are no major companies issuing earnings this morning, but the after-the-bell list includes newly public restaurant chain Bojangles (BOJA), consulting firm Korn/Ferry (KFY), and retailer Restoration Hardwar e (RH). In earnings late Wednesday: Men's Wearhouse (MW) reported adjusted quarterly profit of 54 cents per share, beating estimates by 2 cents, with revenue also above forecasts. The clothing retailer also signed a deal withMacy's (M) to operate tuxedo rental stores. Krispy Kreme (KKD) beat estimates by 2 cents with adjusted quarterly profit of 24 cents per share, though revenue fell slightly short. Comparable store sales for the doughnut chain were up 5.2 percent during the quarter, amid improving profit margins. Box (BOX) lost an adjusted 28 cents per share for its most recent quarter, 3 cents smaller than analysts were anticipating, and revenue was above expectations. The cloud storage provider also raised its forecasts for the full year on an increase in subscriptions.

	STOCKS TO WATCH

Shopify (SHOP) and Facebook (FB) are expanding a beta test of Facebook's (FB) new buy button, which allows consumers to buy goods without leaving the social network. Meanwhile, Facebook is holding its annual meeting in Santa Clara, California at 2 p.m. ET. An FDA panel has given a positive recommendation to Amgen's (AMGN) cholesterol drug Repatha, saying the treatment should be approved for patients with dangerously high levels, but long-term studies are still needed. Britain is projected to lose money initially when it begins selling its 80 percent stake in Royal Bank of Scotland (RBS), according to the New York Times. The U.K. government bailed out the bank during the financial crisis. In airline news: Delta Air Lines (DAL) pilots union leaders approved the terms of a new tentative labor agreement, clearing the way for a vote by union members. Meanwhile, JetBlue (JBLU) reported its load factor for May at 85.7 percent, an improvement of 0.5 percent from a year earlier.

Seeking Alpha

Today's Markets:
In Asia, Japan +1.7% to 20383. Hong Kong +0.8% to 26908. China +0.3% to 5122. India -1.8% to 26371.
In Europe, at midday, London +0.5%. Paris +0.7%. Frankfurt +0.7%.
Futures at 6:20: Dow flat. S&P -0.1%. Nasdaq flat. Crude -1% to $60.84. Gold -0.7% to $1178.40.
Ten-year Treasury Yield +2 bps to 2.5%

Today's economic calendar:
8:30 Initial Jobless Claims
8:30 Retail Sales
8:30 Import/Export Prices
9:45 Bloomberg Consumer Comfort Index
10:00 Business Inventories
10:30 EIA Natural Gas Inventory
1:00 PM Results of $13B, 30-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

Notable earnings after today's close: KFY, LF, RH, RLD, XONE