• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?

2

A Nobel economist challenged Elon Musk to donate his entire $1T fortune by 2036. Musk's reply: 'I am actually going to do something along these lines'

3

The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

1

Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?

2

A Nobel economist challenged Elon Musk to donate his entire $1T fortune by 2036. Musk's reply: 'I am actually going to do something along these lines'

3

The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
FeaturesWeek Ahead

Brexit Fallout, Nike Earnings, and Wimbledon—5 Things to Know for the Week Ahead

By
Tom Huddleston Jr.
Tom Huddleston Jr.
Down Arrow Button Icon
By
Tom Huddleston Jr.
Tom Huddleston Jr.
Down Arrow Button Icon
June 26, 2016, 2:00 PM ET
Fishing boat campaigning for Brexit in London
A leave supporter is seen as fishing boats campaigning for Brexit sail down the Thames through central London, United Kingdom on June 15, 2016. A Brexit flotilla of fishing boats sailed up the River Thames into London today with foghorns sounding, during a protest against EU fishing quotas by the campaign for Britain to leave the European Union. Photograph by Anadolu Agency—Getty Images
Add Fortune on Google for similar content.

Hello friends and Fortune readers,

This week kicks off with global markets on the edge of their figurative seats as the world braces for further fallout from the U.K.’s historic decision to leave the European Union—a move that sent stocks diving on Friday. Meanwhile, in the U.S., several important economic reports will become available this week, while the president makes his way north of the border to meet with fellow North American leaders, and several big companies—from General Mills to Nike—will report their latest quarterly results. Also starting this week will be one of the biggest tennis tournaments of the year, with action picking up through Independence Day Weekend.

Here’s what you need to know for the week ahead.

1. More “Brexit” fallout

U.K. voters decided last week to leave the European Union, a decision that had a seismic effect on global markets, as stock and commodity prices plummeted across the world (minus gold and other precious metals) on Friday, and the value of the pound dropped more than 8%. Global markets lost roughly $2 trillion in value on Friday and, while prices could bounce back somewhat at the beginning of this week, the rebound will likely be short-lived as the U.K., Europe and the rest of the world tries to sort out the aftermath of the country’s historic vote. Global financial leaders such as European Central Bank President Mario Draghi, U.S. Federal Reserve Chair Janet Yellen, and the Bank of England’s Mark Carney will all speak at a three-day ECB forum this week in Portugal, where the Brexit and its global fallout will certainly be a dominating topic of discussion. Meanwhile, foreign ministers from several founding member countries met in Berlin over the weekend to discuss European policy issues.

2. U.S. economic data

Aside from watching how the world continues to react to the situation in Europe, the U.S. markets will be weighing a fair amount of new data on the U.S. economy coming out this week, including consumer spending and manufacturing numbers. The Commerce Department is expected to report on Wednesday that U.S. consumer spending improved by 0.4% in May, which follows April’s 1% bump, while new numbers are also expected to show an increase in consumer confidence in June from the previous month. Meanwhile, the Institute for Supply Management’s Friday manufacturing index report is likely to show a slight improvement for that sector to start June. And, the third estimate so far for first-quarter gross domestic product will likely show that the U.S. economy expanded at a 1% annualized rate, which is a slight improvement over the 0.8% bump previously reported.

3. Earnings: General Mills, Monsanto, Nike

Athletic apparel giant Nike (NKE) reports fourth-quarter numbers on Tuesday and the world’s largest sportswear-maker is expected to post quarterly sales that fall just short of Wall Street’s expectations, as the strong U.S. dollar hurt Nike’s overseas sales figures while the company has also seen increased competition from rivals Adidas and Under Armour. On Wednesday, Monsanto (MON) will make its first quarterly report since the seeds and agrochemicals company turned down a $62 billion takeover attempt by Bayer AG (BAYN) last month. Investors will be interested to hear about whether or not a deal could still get done. Also reporting on Wednesday is General Mills (GIS), and the maker of Cheerios and other food products has been working to cut costs due to declining sales, as fourth-quarter revenue is expected to have dropped off yet again.

Also reporting earnings this week is cruise ship operator Carnival (CCL), beer and spirits producer Constellation Brands (STZ), and packaged foods giant ConAgra Foods .

4. The “Three Amigos” Summit

President Barack Obama will head to Ottawa to meet with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto for the so-called “Three Amigos” Summit. In addition to addressing Canadian Parliament, Obama’s meeting with his fellow North American leaders will focus on trade discussions at a time when the idea of free trade has been the subject of harsh criticism during the current U.S. election cycle. The GOP’s presumptive candidate, Donald Trump, is also causing tension in the U.S.-Mexico relationship over his pledges to deport millions of Mexican immigrants from the U.S. and to build a wall along the countries’ border while making “Mexico pay for it.”

Meanwhile, in other global leadership news, both Australia and Spain will vote on their next leaders in nationwide general elections this week.

5. Wimbledon

The third, and most prominent, of tennis’ Grand Slam tournaments kicks off in London at the start of the week. Star players Novak Djokovic and Serena Williams will look to defend their respective 2015 titles at the two-week event that comes with major prize money for the winners and high-profile sponsorships from companies such as IBM (IBM) and Rolex. Snapchat, the ephemeral messaging service, also signed a three-year deal with Wimbledon’s host organization, the All England Club, to share live footage of the event and sell ad spots to companies like Stella Artois and Häagen-Dazs.

 

—Reuters contributed to this article.

About the Author
By Tom Huddleston Jr.
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Features

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Features

A Gen Xer sold his company for $1.6 billion. He kept less than $100 million and gave the rest away because he doesn’t ‘believe in billionaires’
SuccessHow I made my first million
A Gen Xer sold his company for $1.6 billion. He kept less than $100 million and gave the rest away because he doesn’t ‘believe in billionaires’
By Orianna Rosa RoyleJuly 26, 2026
2 days ago
The American Dream according to Bill Ackman
MagazineBill Ackman
The American Dream according to Bill Ackman
By Jeff John RobertsJuly 20, 2026
8 days ago
Photo: Asha Sharma
Big TechMicrosoft
Exclusive: Xbox’s CEO on 3,200 layoffs, four studios cut, and her blunt warning that ‘we spread ourselves too thin’
By Sebastian HerreraJuly 6, 2026
22 days ago
David Senra poses in a black shirt in front of bookshelves
Startups & VentureMedia
How David Senra built the podcast the world’s most powerful CEOs can’t stop listening to
By Lily Mae LazarusJuly 5, 2026
24 days ago
Nike’s self-inflicted wounds are risking CEO Elliott Hill’s nascent comeback
RetailNike
Nike’s self-inflicted wounds are risking CEO Elliott Hill’s nascent comeback
By Phil WahbaJuly 4, 2026
25 days ago
Inside the mind of Kevin Warsh: As told by his former boss Condoleezza Rice, his college friend, and his closest partner during the financial crisis
MagazineKevin Warsh
Inside the mind of Kevin Warsh: As told by his former boss Condoleezza Rice, his college friend, and his closest partner during the financial crisis
By Eleanor PringleJuly 3, 2026
26 days ago

Most Popular

Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?
C-Suite
Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?
By Nick LichtenbergJuly 27, 2026
1 day ago
A Nobel economist challenged Elon Musk to donate his entire $1T fortune by 2036. Musk's reply: 'I am actually going to do something along these lines'
Success
A Nobel economist challenged Elon Musk to donate his entire $1T fortune by 2036. Musk's reply: 'I am actually going to do something along these lines'
By Sydney LakeJuly 27, 2026
1 day ago
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
Real Estate
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
By Nick LichtenbergJuly 25, 2026
3 days ago
New York City women are making up to $30,000 per month by renting out their closets to strangers
Retail
New York City women are making up to $30,000 per month by renting out their closets to strangers
By Sarah GlodekJuly 27, 2026
2 days ago
LeBron James took a pay cut to maybe live in New York and commute to Philly by chopper, risking double taxation as NYC also tries to ban helicopters
Real Estate
LeBron James took a pay cut to maybe live in New York and commute to Philly by chopper, risking double taxation as NYC also tries to ban helicopters
By Catherina GioinoJuly 27, 2026
1 day ago
I've been teaching college students for decades. Most of them can no longer finish a book
Commentary
I've been teaching college students for decades. Most of them can no longer finish a book
By Austin SaratJuly 26, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.