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By Tyler Durden

• After ‘Brexit’ Vote, Europe’s Leaders Debate Timing of U.K.’s Departure (WSJ)
• Pound Slumps, Banks Tumble on Brexit Fallout; Bonds Extend Gains (BBG)
• To Brexit or Regrexit? A dis-United Kingdom ponders turmoil of EU divorce (Reuters)
• ‘Brexit’ Sparks Political Turmoil Across U.K. (WSJ)
• 10 ways to leave EU lover; scenarios for Brexit (Reuters)
• The $100 Trillion Bond Market’s Got Bigger Concerns Than Brexit (BBG)
• Lagarde Says Brexit Impact Hangs on Policy Makers’ Next Move (BBG)
• China central bank says will keep implementing prudent monetary policy (Reuters)
• Japan PM Abe instructs finmin to take FX steps as needed (Euronews)
• Britain can cope with EU exit turmoil, finance chief says (Reuters)
• NYC’s Waldorf Astoria Said to Close in ’17 for Condo Rebuild (BBG)
• Hillary Clinton Holds 5-Point Lead Over Donald Trump, Latest Poll Finds (WSJ)
• Merkel wants calm approach to Brexit, spokesman says (Reuters)
• Billionaire Soros Was ‘Long’ on Pound Before Vote on Brexit (BBG)
• Jim Rogers Picks Dollar Over Gold as Haven in Brexit Tumult (BBG)
• Big London Bets Tilted Bookmakers’ ‘Brexit’ Odds (WSJ)
• Israel and Turkey to Restore Full Diplomatic Ties (WSJ)
• U.S. Supreme Court poised to issue major abortion ruling (Reuters)
• Sanders press secretary leaves campaign (Hill)
• NFL Revenue Reaches $7.1 Billion Based on Green Bay Report (BBG)
• Mayor asks for city authority to buy CPS debt (Chicago Post)

Overnight Media Digest

WSJ

X- Spanish Prime Minister Mariano Rajoy’s Popular Party did better than expected on its way to being the top vote-getter in national elections on Sunday, but Rajoy faces the same difficulty forming a government that he confronted after inconclusive elections last December. (http://on.wsj.com/293bnFG)

– Iraqi Prime Minister Haider al-Abadi said the country’s military wrested full control of Fallujah from Islamic State, paving the way for an offensive to reclaim Mosul, the last major city controlled by the extremist group in Iraq. (http://on.wsj.com/293bpx6)

– Nissan Motor Co’s South Korean unit has filed a lawsuit over the Korean government’s claims that the Japanese automaker rigged emissions tests on its Qashqai diesel sport-utility vehicles. (http://on.wsj.com/293bvVH)

– Pressure abated on the UK to serve swift notice of its intention to leave the European Union after last week’s referendum, as senior European policy makers suggested Britain should be allowed time to rethink the decision. (http://on.wsj.com/293bSzA)

– Amazon this week plans to announce it is adding dozens of new brands to its Dash buttons feature that enables shoppers to order consumer items by pressing a button. (http://on.wsj.com/28WqUmU)

FT

12 members of the opposition Labour party stepped down, and another 20 resignations are expected on Monday after Jeremy Corbyn sacked his shadow foreign secretary, Hilary Benn.

Spain’s acting prime minister, Mariano Rajoy, won Spain’s general election on Sunday after his People’s Party won 33 percent of the vote.

Intel Corp is considering options for its cyber security business, Intel Security, including potentially selling the unit.

NYT

– Some economists warn that the policies largely favoured by the banks could further alienate the public and increase the frustration that encouraged Britons to vote …read more

Source: Frontrunning: June 27

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