Belvedere and Schacknow - CNBC Squawk Box

Compiled by Matthew J. Belvedere and Peter Schacknow Send this email to a friend › More Pre-Markets Data

	IN THE NEWS TODAY

Global stocks were under heavy pressure this morning, as Greece imposed capital controls ahead of a national vote on bailout conditions. Banks and the stock market there were closed for the week. | Live blog(CNBC) Reforms-for-aid talks broke down late Friday, when the Greek prime minister announced the referendum, set for July 5. Without a deal, Greece is expected to default on an IMF debt payment tomorrow. (CNBC) The Greek crisis pushed U.S. stock futures sharply lower Monday, following a 3 percent drop in Germany and pressure elsewhere in Europe and Asia. The euro, oil prices, and bond yields were all under pressure as well. (CNBC) Billionaire Wilbur Ross, who invested last year in Greece's Eurobank, joins CNBC's "Squawk Box" at 7:30 a.m. ET with his take on whether Greece will leave the single euro currency. New York Fed President William Dudley said a September interest rate hike is "very much in play" if the economy continues to strengthen. The June employment report, out Thursday because of the holiday, could provide more clues. (FT) The Bank for International Settlements, often described as the central bank of central banks, is repeating its warning in its annual report about the dangers posed by ultra-low interest rates. (FT) The governor of Puerto Rico has concluded the commonwealth cannot payits roughly $72 billion in debts, an admission that could have wide-reaching financial repercussions. (NY Times) Iran is backtracking from an interim nuclear deal struck with world powers three months ago. U.S. and Iranian officials said talks on a final accord wouldlikely run past tomorrow's deadline. (Reuters) Inmate David Sweat was critical condition last night, after being shot and captured less than six miles from the Canadian border. Fellow escapee Richard Matt, also a convicted murderer, was killed Friday. (NBC News) An unmanned rocket built by billionaire Elon Musk's SpaceX exploded shortly after liftoff from Cape Canaveral Air Force Station in Florida Sunday,destroying a cargo capsule bound for the International Space Station. Canada's Element Financial is buying General Electric's (GE) fleet management operations in the U.S., Mexico, Australia, and New Zealand for nearly $6.7 billion in cash. (Reuters) Following last week's blockbuster rulings on gay marriage and Obamacare, the Supreme Court ends its latest term this week, with decisions including one on power-plant emissions. (USA Today)