BY THE NUMBERSU.S. stock futures had been pointing to a bounce after the Dow Jones Industrial Common plunged 730 factors, or 2.8%, on Friday, knocking blue chips down 3.3% final week. Following preliminary declines in a single day, stock futures turned greater early Monday regardless of surging U.S. coronavirus instances. The Dow, with two days left in June, might break its two-month successful streak. Nevertheless, the benchmark, as of Friday’s shut, was up simply over 14% for the second quarter. (CNBC)The vacation-shortened week forward on Wall Street consists of Home testimony from Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin on Tuesday. At some point early, on Thursday, the federal government reviews its June employment report. The stock market is closed Friday, July 3, in observance of Independence Day. (CNBC)Shares of Boeing, which have been slammed over 45% in 2020, had been rising greater than 3% in Monday’s premarket as Reuters reviews that pilots and check crew members from the Federal Aviation Administration and the plane maker are scheduled to start a three-day certification check marketing campaign for the 737 Max on Monday.Shares of Fb (FB) had been off one other 3% within the premarket after Starbucks (SBUX) on Sunday grew to become the newest firm to pause social media promoting throughout an nationwide outcry over how the platforms deal with hate speech. Fb stock misplaced greater than 9% final week as Coca-Cola (KO) and Unilever (UL) took related steps on Friday. (CNBC)Shares of Gilead, up 14% this 12 months as of Friday’s shut, had been rising greater than 2% in Monday’s premarket buying and selling after the biopharmaceutical big set pricing for its remdesivir anti-viral Covid-19 therapy. Developed world governments can pay $390 per dose, with privately insured sufferers charged $520 per dose. (CNBC)IN THE NEWS TODAYWith greater than half the states throughout the U.S. reporting spikes in coronavirus instances, Florida noticed a record-breaking 9,636 new infections on Saturday, with one other 8,577 on Sunday. Republican Florida Gov. Ron DeSantis on Sunday blamed interactions amongst younger individuals. Miami-Dade and Broward counties are closing their seashores for the July four weekend. (CNBC)Vice President Mike Pence met on Sunday with GOP Texas Gov. Greg Abbott who stated the rising infections in his state have taken a “very swift and really harmful flip” over the previous few weeks. On Friday, Texas once more shut down bars and restricted restaurant eating, a day after reporting a state document excessive confirmed optimistic assessments of 5,996. (AP)The U.S. reported greater than 45,000 instances of coronavirus on Friday, a record-breaking each day improve. Saturday noticed over 42,600 new instances and Sunday noticed greater than 38,800 new instances. Whole U.S. instances climbed to almost 2.55 million, in keeping with information from Johns Hopkins College on Monday.Well being and Human Companies Secretary Alex Azar instructed NBC Information on Sunday that the “window is closing” for the US to halt the Covid-19 spikes, significantly in Southern and Western states. Whole international instances approached 10.2 million. * Nancy Pelosi requires CDC to mandate Individuals put on masks (CNBC)President Donald Trump stated on Sunday he was by no means briefed in regards to the reported Russian efforts to pay bounties to Taliban-linked militants to kill U.S. troops in Afghanistan, blasting a New York Instances report on the bounties. In a separate tweet late on Sunday, Trump added: “Intel simply reported to me that they didn’t discover this information credible, and subsequently didn’t report it to me or @VP.” (Reuters)Trump on Sunday tweeted approvingly of a video exhibiting considered one of his supporters chanting “white energy,” a racist slogan related to white supremacists. He later deleted the tweet and the White Home stated the president had not heard “the one assertion” on the video. (AP)* Mississippi legislators vote to take away Accomplice battle emblem from state flag (CNBC)Chesapeake Power, a pioneer within the U.S. shale revolution, filed for chapter safety Sunday as the corporate and business extra broadly has been rocked by a drop in oil and gasoline costs throughout the coronavirus pandemic. At its peak, Chesapeake had 175 working rigs, with operations throughout the U.S. together with in Texas, Louisiana, Pennsylvania and Ohio. (CNBC)Underneath Armour (UAA) stated it will finish the 15-year, $280 million attire partnership with the College of California, Los Angeles, that it signed with the college in 2016, saying it had not obtained the anticipated advertising advantages for an prolonged time frame. UCLA stated it will combat the transfer to finish the partnership. (LA Instances)Coty (COTY), the cosmetics maker, can pay $200 million for a 20% stake in Kim Kardashian West’s make-up model. Coty had stated earlier this month that it was speaking to Kardashian West a couple of potential collaboration. It is the second deal Coty has struck with the Kardashian/Jenner household this 12 months, having already taken a 51% stake in Kylie Jenner’s manufacturers. The stock was surging 16% within the premarket. (CNBC)STOCKS TO WATCHThe Meals and Drug Administration didn’t approve Intercept Prescription drugs’ (ICPT) therapy for obesity-linked liver illness. Intercept stated it will meet with the FDA to debate potential paths to approval. The stock was dropping over a 3rd of its value in Monday’s premarket buying and selling.Novartis (NVS) pulled its software for European approval of its dry-eye drug Xiidra after regulators stated its effectiveness had not been demonstrated. The drug is already accepted in the united statesSingapore’s Temasek and different traders are injecting $250 million into German biotech BioNTech (BNTX), by way of the acquisition of stock and convertible securities. BioNTech has a Covid-19 vaccine candidate in growth and has stated it expects the primary medical information on the vaccine this month or in July.Restaurant Manufacturers (QSR) stated demand is selecting up as economies reopen in its main markets. Restaurant Manufacturers stated Burger King comparable gross sales are actually trending about flat, in comparison with declines within the 30% vary in mid-March. Comparable gross sales at its Tim Hortons model are within the destructive excessive teenagers now, in comparison with the destructive mid-40s in March.Delta Air Traces (DAL) will ship out warnings of potential furloughs to about 2,500 pilots, because of the extreme drop in journey demand. Delta can also be providing some pilots voluntary early retirement.BP (BP) introduced the sale of its petrochemicals enterprise to privately held UK. chemical compounds firm Ineos for $5 billion. BP stated the transfer means it has met its $15 billion divestments goal a 12 months forward of schedule.Amazon (AMZN) and Japan’s SoftBank have each approached Russian conglomerate Sistema a couple of potential buyout of the conglomerate’s on-line retail unit Ozon, in keeping with Sistema’s majority proprietor.Normal Motors (GM) is pushing again on a choose’s order to resolve a authorized dispute with rival Fiat Chrysler (FCAU) by having the CEOs of the 2 corporations meet. GM is searching for to have that order tossed out, and proceed to pursue its racketeering cost in opposition to its rival. GM had accused Fiat Chrysler of bribing union officers to realize a labor value benefit.WATERCOOLERThe U.S. Open is returning to NBC beginning this 12 months at Winged Foot after Fox Sports activities has requested to finish its 12-year contract with the US Golf Affiliation, a number of individuals instructed The Related Press final night time. The U.S. Open, initially scheduled to be performed final week, was postponed to Sept. 17-20 because of the coronavirus.Disclosure: Comcast owns NBCUniversal, guardian firm of CNBC.