Welcome to Seeking Alpha's Wall Street breakfast, your daily source of market news and analysis.

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Good morning. Today is Monday, June 27th, and I'm your host Julie Morgan, our top stories, Russia and

Goldman Sachs, and later Spirit, Remote, and Airbus.

But first, let's take a look back and then a look ahead.

Stocks finish sharply higher on Friday, capping off a weekly relief rally and regaining

some of the losses that marked the middle of June.

The NASDAQ and S&P 500 both rose more than 3%

while the Dow added more than 800 points.

Ahead of the opening bell today, Dow S&P and NASDAQ futures are up. The Dow up 0.3%,

the S&P up 0.6% and the NASDAQ up nearly 1%. We'll take another look at futures as well as the world markets, crude oil, and commodities in a few minutes.

In the earning spotlight today, Nike, Jeffries, and Trip.com.

Now our top stories.

Russia defaults on foreign debt for the first time since 1918.

After a 30-day grace period expired for the country to disperse two euro bond interest payments,

originally due on May 27th, Russia has defaulted on its foreign debt for the first time since the

Bolshevik Revolution.

The Kremlin has enough money to pay off the debt, but is barred from doing so because of the

heavy Western sanctions leveled on the government.

Last month, the U. the US Treasury Department effectively blocked

Moscow from making the payments after letting a sanctions loophole expire that

had previously allowed it to transfer cash to debt holders via American banks.

...