Federal Reserve Chair Janet Yellen addresses the world Affairs Council of Philadelphia.

Treasury Secretary Jacob Lew and Sec of State John Kerry are in China to discuss economic cooperation, cybersecurity and the South China sea.

Boston Fed President Eric Rosengren takes part in a Helsinki forum on quantitative easing in Europe and the U.S.

Valeant hosts a conference call on its delayed first quarter results having been due last Wednesday morning.

Casey’s General CASY ( 1.21 vs 1.05 ) Layne Christensen LAYN ( -0.31 vs -0.55 ) United Natl Foods UNFI ( 0.66 vs 0.83 ) Thor Industries THO ( 1.3 vs 1.19 ) Profire Energy PFIE (0.00 vs 0.10 ) Qunar QUNR ( -0.38 vs -0.96 ) Sigma Designs SIGM  Xactly XTLY ( -0.16 )

Indian President Narendra Modi visits President Barack Obama

Primaries are held in California, New Jersey,New Mexico, and South Dakota

08:30 hrs Productivity-Rev Qtr 1 ( NA vs -1.0% )

08:30 hrs Unit Labor Costs-Rev Qtr 1l  ( NA vs + 4.1% )

CORE PCE Prices ( +0.2% vs +0.1% )

15:00 hrs Consumer Credit April ( NA vs $ 29.6Bln )

Rep Jeb Hensarling outlines the GOP plan to replace Dodd-Frank

Dave and Busters PLAY ( 0.59 vs 0.46 ) Duluth Trading Co DLTH ( 0.07 ) Oxford Industries OXM ( 1.34 vs 1.30 ) VeriFone PAY ( 0.52 vs 0.44 ) Verint Systems VRNT ( 0.41 vs 0.66 )

07:00 hrs MBA Mortgage Index 06/04 ( NA vs -4.1% )

10:00 hrs JOLTS – Job Openings Apr ( NA vs 5.757Mln )

10:00 hrs Construction Spending April ( +0.5% vs +0.3% )

10:30 hrs Crude Inventories 06/04 ( NA vs -1.366 MlnBbls )

Pfizer’s opioid pain management drug is considered by an FDA panel

ABM Industries ABM ( 0.27 vs 0.37 ) Restoration Hardware RH ( 0.05 vs 0.23 ) Tailored Brands TLRD 0.45 Ctrip CTRP ( -0.06 vs 0.04 ) FuelCell Energy FCEL ( -0.40 vs -0.04 )

08:30 hrs Initial Claims 06/04 ( NA vs 267K )

08:30 hrs Continuing Claims 05/28 ( NA vs 2172K )

10:00 hrs Wholesale Inventories April ( NA vs +0.1% )

10:30 hrs Natural Gas Inventories 06/04 ( NA vs 82bcf )

H&R Block HRB ( 3.23 vs 2.73 ) Mattress Firm MFRM ( -0.04 vs 0.33 ) Korn/Ferry KFY

( 0.54 vs 0.51 ) Comtech CMTL ( -1.71 vs 0.30 ) Capstone Turbine CPST ( -0.30 vs  -0.05 )

10:00 hrs Michigan Sentiment – Prelim June ( NA vs 94.7 )

14:00 hrs Treasury Budget May ( NA vs -$84.1Bln )

Moody’s reviews Italy’s credit rating while Fitch reviews France’s credit rating

U.S. Oil Rig Count increased the most since last December up 9 to 325, Nat Gas rig count fell by 5 to 82 making a total US rig count of 408. July Crude closed  at $ 48.62, down $ 0.71 or 1.4% for the week. Natural Gas closed the week at $ 2.398.