Brits head to the polls today to decide their future. If they choose ‘Brexit’-to leave the European Union, supporters say they risk economic and trade disaster. To remain in the EU, however, would keep them under Union rule with Brussels determining their laws on immigration and other issues. Michael Kramer of Mott Capital says if the Brits vote ‘no’ the big risk is what country may go next and that puts the entire European Union in jeopardy. Tech company Twilio goes public today. The San Francisco based company prices its IPO at $15 for each of the 10 million shares being issued today. The price was $1 above the most recent price range. The capital raise is 50% more than originally expected. Democrats are staging a sit-in on the floor of the U.S House of Representatives, protesting the lack of a vote on gun control. Republicans call the move a ‘publicity stunt’. New Home Sales for May are reported. Leading Economic Indicators are released. The Federal Reserve announces the results of stress tests on 33 large U.S. and foreign financial institutions.
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