WEDNESDAY 6/7/17; RBI Rate Decision; Spain’s Santander Buys Troubled Banco Popular; Eve Before UK Election, ECB Meeting and Former FBI Comey Testimony; Oil Plummets -5%; WTIC Oil 45-Handle

S&P -1. Dow -3. Nasdaq +2. Euro 1.1273. Dollar/yen 109.44. Pound 1.2906. The Aussie dollar is above 0.75 to 0.7513. Dollar/yuan 6.7952.

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Janus’s Bill Gross, the bond king, says, “US market risks are the highest since the 2008 financial crisis.”