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Wednesday, June 29, 2016

MORNING SQUAWK - June 29, 2016


CONTRIBUTORS

Senior Producer
@Matt_Belvedere
Senior Producer
@peterschack
Web and TV producer

CNBC | Morning Squawk


IN THE NEWS TODAY

U.S. stock futures were higher again this morning. A strong bounce-back on Wall Street Tuesday, which followed two sessions of steep post-Brexit declines, basically erased Monday's downturn. European stockswere higher for a second day, as was the battered British pound. (CNBC)

Global bond prices and gold were rather steady as investors ventured into riskier assets as concerns about near-term Brexit risks eased. Oil was rallying again as traders turned their attention to supply risks from a potential strike in Norway and crisis in Venezuela. (Reuters)

Embodying nationalistic themes that stoked leave voters' ire in Britain's EU referendum, presumptive GOP presidential nominee Trump painted Democratic rival Hillary Clinton as a champion of globalization that's pushed manufacturing jobs overseas. (AP)

Istanbul's busy Ataturk Airport reopened this morning, after an attack blamed on ISIS killed at least 41 people and wounded more than 100 others. Authorities said three terrorists arrived in a cab and opened fire and set off at least two explosions. (NBC News)

Hillary Clinton and Donald Trump offered quite different reactions to the Istanbul terror attacks. Clinton offered support, while Trump advocated fighting "fire with fire," highlighting the contrasting views of the candidates on foreign policy. (NBC News)
Shares of Dow component Nike (NKE) were sharply lower in premarket trading, after warning about slower future orders. The athletic apparel and footwear maker did report slightly better-than-expected quarterly earnings and in-line revenues. (CNBC)

After 14 years at the helm , Honeywell's (HON) David Cote plans to step down as CEO at the end of March 2017. He'll be replaced by President and COO Darius Adamczyk. Cote will continue as executive chairman until April 2018. (Reuters)http://nbcnews.to/28ZInZS

Shares of Dow stock United Technologies (UTX) were little changed in the premarket on the Honeywell leadership changes. Cote had spearheaded a Honeywell effort to acquire UTX for more than $90 billion. The deal fell apart in March because UTX rebuffed the offer. (CNBC)

In the wake of Tesla's (TSLA) proposed bid for SolarCity (SCTY), an investor group called on the electric automaker to add two independent directors and separate the chairman and CEO roles held by founder Elon Musk. Musk is also chairman and largest shareholder of SolarCity. (Reuters)

Online home rental marketplace Airbnb is currently raising an undisclosed amount of cash at a $30 billion valuation. Such a deal would make Airbnb the second-most valuable startup in the U.S., trailing only Uber that's valued at $62.5 billion. (Recode)

Senate Democrats blocked a deal for funding to fight the mosquito-borne Zika virus, which has been linked to birth defects in the babies of infected pregnant women. The stalemate virtually guarantees legislation won't get to the president's desk this month. (The Hill)

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