Here’s what you need to know to navigate the markets today.
• Stocks are set to open Monday morning slightly down. On Sunday evening, Dow Jones Industrial Average futures had lost 52 points, or 0.2%, while the S&P 500 futures lost 0.2% and Nasdaq Composite futures lost 0.1%. Earnings this week include: Korn Ferry and Plug Power on Tuesday;
on Thursday; and
on Friday. Economic events to watch this week: on Tuesday, the National Association of Realtors will release its existing-home sales for May, and on Wednesday, the Census Bureau will report its new residential construction data for May. On Thursday, the Census Bureau will release the durable-goods report for May, and on Friday, the Bureau of Economic Analysis will report personal income and consumption for May.
• The Biden administration is preparing new sanctions against Russia for the poisoning of jailed dissident Alexei Nalvany. On CBS’s “Face the Nation” on Sunday,
the former National Security Council official for European and Russian Affairs, called the sanctions “obligatory,” because he was poisoned with the banned nerve agent Novichok. President
said he warned Russian President
during their summit in Geneva on Wednesday that if Navalny died in Russian custody, the consequences “would be devastating for Russia.” Putin in separate remarks did not mention Navalny by name but said had repeatedly broken Russian laws, including by “deliberately” going abroad to Germany after he was poisoned. Biden also gave Putin a list of 16 critical areas of infrastructure he said were “off-limits” to cyberattack, guidelines Hill said the Russians will test. “President Biden, by sitting opposite Putin, looking him in the face, as he said, and then being very clear about what the red lines are, is already setting the tone for next sets of meetings,” she added.
• Sen. Bernie Sanders said Sunday that “taking away the right of people to participate in American democracy is unacceptable” as the Senate prepares to vote on a key voting rights bill on Tuesday. When asked about the bill on Sunday, Sanders (I., Vt.) told CNN’s “State of the Union” that “what we’re trying to do is preserve democracy. And what Republican legislatures and governors are doing, in the most disgraceful way imaginable, is to try to deny people of color, young people, poor people the right to vote, people with disabilities. That is outrageous.” Republican lawmakers have proposed at least 216 bills in 41 states to give state legislatures more power over elections, and 24 have been enacted, according to the bipartisan States United Democracy Center, The New York Times reported. Republicans say the measures are necessary to prevent voter fraud and improve local elections. Sanders said the U.S. also needs to “deal with dark money in politics, the power of billionaires buying elections. We got to deal with gerrymandering,” pledging to “go as far as we possibly can to create a vibrant democracy in America and take on those Republicans who are trying to undermine democracy.”
• President Joe Biden will host Israeli President Reuven Rivlin at the White House on June 28, before the end of his seven-year term in July. “President Rivlin’s visit will highlight the enduring partnership between the United States and Israel and the deep ties between our governments and our people,” White House spokeswoman
said. On June 2, Isaac Herzog was elected the country’s 11th president in elections that also marked the end of the Prime Minister
era. The role is largely ceremonial, but is aimed at promoting unity among ethnic and religious groups, CNBC reported. “President Rivlin approaches the end of his term, this visit will honor the dedication he has shown to strengthening the friendship between the two countries over the course of many years,” Psaki said.
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