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The euro nations all have an interest in keeping Greece in the single currency, Ewald Nowotny, a member of the European Central Bank's governing council, told CNBC this morning. |
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Yanis Varoufakis, the fiery Greek finance minister, resigned today, in a concession to creditors. He said he wanted to give Prime Minister Alexis Tsipras a "fresh start" in reforms-for-rescue talks. (CNBC) |
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National Bank of Greece (NBG) shares listed on the NYSE were down more than 15 percent in pre-market trading, as the ECB was set to decide on more emergency funding for Greek banks, now closed for a week. (CNBC & NY Times) |
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Greece looms large from Athens to Wall Street, but traders will still be searching for clues as to Fed thinking in the week ahead, after June's jobs reports cast doubts on a 2015 interest rate hike. (CNBC) |
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Humana (HUM) has agreed to be bought by rival Aetna (AET) for $35 billion in cash and stock. The deal is expected to face rigorous scrutiny from U.S. regulators. (CNBC) |
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Apple's (AAPL) next iPhone has started entering the production process, with suppliers said to have begun delivering parts to device manufacturers Foxconn and Pegatron. (DigiTimes) |
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Chinese stocks rebounded strongly Monday after Beijing pulled out fresh stops over the weekend to put a floor under slumping prices. The Shanghai composite rocketed 7.8 percent in early trading, before finishing up 2.4 percent. (CNBC)
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Economic reports are likely to take a back seat to news from Greece, but there's one data point at 10 a.m. ET, the Institute for Supply Management's June non-manufacturing index, a measure of the U.S. services economy. Economists expect the index to rise to 56.3 from 55.7 in May. |
There are no major companies reporting earnings today, although the pace of quarterly numbers will pick up later in the week with numbers from Alcoa(AA), PepsiCo (PEP), and Walgreens Boots Alliance (WBA). |
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Disney-Pixar's "Inside Out" delivered the firepower at the five-day holiday weekend box office-finishing in first ahead of Universal's "Jurassic World" and new entries "Terminator: Genisys," Paramount-Skydance, and Warner's "Magic Mike XXL." (Comcast owns NBCUniversal and CNBC.)
Dollar Tree (DLTR) has received FTC approval to acquire rival Family Dollar Stores (FDO) after a nearly year-long review. The combined company has to divest more than 300 stores. Dollar Tree expects the deal to be completed today. |
Alibaba's (BABA) financial services arm, Ant Financial, has completed aprivate placement of shares, raising an undisclosed amount. Reports in China had said Ant was seeking to raise up to $4 billion. |
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Potash (POT) said it's still interested in acquiring German fertilizer producer K+S, despite the rejection of its $8.7 billion takeover bid. Potash said it's confident of addressing K+S concerns. |
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Weight Watchers (WTW) has attracted at least one unnamed suitor, according to the New York Post, after the stock lost 86 percent of its value since mid-December. |
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Harley-Davidson (HOG) shares could rise 30 percent, according to Barron's, thanks to reduced costs and the motorcycle maker's buyback plan. Separately, Chipotle Mexican Grill (CMG) shares could drop 15 to 20 percent, according to Barron's, due to flagging growth.
Seeking Alpha
Today's Markets: In Asia, Japan -2.1% to 20112. Hong Kong -3.2% to 25236. China +2.4% to 3776. India +0.4% to 28209. In Europe, at midday, London -0.5%. Paris -1.2%. Frankfurt -1.3%. Futures at 6:20: Dow -0.7%. S&P -0.6%. Nasdaq -0.8%. Crude -4.3% to $54.49. Gold flat at $1164. Ten-year Treasury Yield -8 bps to 2.3%
Notable earnings after today's close: SHLM
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