Opening Bell: 7.11.16

Wharton students to Trump: 'You do not represent us' (CNN)
Trump regularly reminds the public he attended Wharton, and often credits the school for his business knowledge. However, on Friday over 1,400 current Wharton students and alumni expressed their disdain for Trump, saying they were "deeply disappointed" by his candidacy. "We, proud students, alumni, and faculty of Wharton, are outraged that an affiliation with our school is being used to legitimize prejudice and intolerance," the letter read. "Although we do not aim to make any political endorsements with this letter, we do express our unequivocal stance against the xenophobia, sexism, racism, and other forms of bigotry that you have actively and implicitly endorsed in your campaign."

EU Banks Need $166 Billion, Deutsche Bank Economist Tells Welt (Bloomberg)
Europe urgently needs a 150 billion-euro ($166 billion) bailout fund to recapitalize its beleaguered banks, particularly those in Italy, Deutsche Bank AG’s chief economist said in an interview with Welt am Sonntag. "Europe is extremely sick and must start dealing with its problems extremely quickly, or else there may be an accident," Deutsche Bank’s David Folkerts-Landau said, according to the newspaper. "I’m no doomsday prophet, I am a realist."

Osborne Heads to Wall Street as Disarray Roils U.K. Politics (Bloomberg)
Chancellor of the Exchequer George Osborne heads to Wall Street on Monday aiming to shore up investor confidence in the U.K.’s economy and financial markets roiled by the vote to quit the European Union. Leaving behind what’s set to be another week of political disarray at home, Osborne is embarking on a two-week shuttle tour of the U.S., China and Singapore in a bid to persuade financiers to stick with the U.K. as it prepares to end its union with the world’s largest trading bloc.

Banker Sitting in U.S. Prison Has a Most Incredible Tale to Tell (Bloomberg)
Eugene Gourevitch, a 39-year-old Berkeley-educated finance whiz, spends his days working in the library in a federal prison in Montgomery, Alabama. He’s serving a five-year sentence for wire fraud related to insider trading...By Gourevitch’s telling, in a telephone interview and to investigators, he was an accomplice or eyewitness to widespread looting and corporate bribery in the obscure former Soviet republic of Kyrgyzstan. He even served as a bag man at times, was kidnapped and became mixed up with the Italian mob.

I used a nanny cam to catch my co-worker stealing my lunch (NYP)
The burrito in question — a perfect mix of pulled pork, green chile queso, salsa verde, romaine, crispy tortilla strips, and manchego and Monterey Jack cheeses that the 25-year-old account executive goes gaga over — seemingly vanished from the office fridge and into thin air. The only evidence that it ever existed was the bag that [Noelle] Mulholland had used to carry it between purveyor Mexicue in NoMad and Phear Creative, the Flatiron-based ad agency where she works. “I was so angry when I opened the refrigerator and my burrito wasn’t there,” says the Queens resident, who immediately fired off an e-mail to the entire company, even upper management..While Mulholland never did find out for sure who nabbed her burrito, Jacqueline Whitmore, founder and director of the Florida-based Protocol School of Palm Beach, says it’s normal to want to nail the person yourself. “But don’t become the kitchen cop,” she warns. “You’ll only be creating trouble for yourself.” This is something that Ted, who wouldn’t share his last name for professional reasons, learned the hard way. While working at a large pharmaceutical firm in New Jersey a few years ago, he put up a nanny cam in the company kitchen to find out who was nabbing his meals. When management discovered it, they fired him.

Tesla CEO Says He's Working on Another Secret 'Masterplan' (AP)
Tesla Motors CEO Elon Musk, under pressure after a fatal crash involving one of his electric cars, went on Twitter Sunday to say he's working on another "Top Secret Tesla Masterplan." He said he hoped to publish details this week. The tantalizing message echoes an August 2006 blog post, titled "The Secret Tesla Motors Master Plan (just between you and me)," in which Musk unveiled the cars that became the Tesla Model S four-door family car and the Tesla 3 sports sedan.

Japanese Messaging App Line Raises Over $1 Billion in IPO (WSJ)
Japanese messaging-app operator Line Corp. on Monday priced its dual initial public offering in New York and Tokyo at the top end of its range due to strong demand, raising 115.5 billion yen ($1.14 billion). Priced at ¥3,300 a share, Line is aiming for a dual listing in Tokyo and New York on July 14 and 15 in what is expected to be the largest technology listing so far this year.

Canadian man uses drone to wax his leg hair (UPI)
David Freiheit recorded himself Thursday applying a Nair wax strip to his leg after fitting the strip with some wire. Freiheit then launched his drone, which was connected to the wire in the wax strip with some rope. The drone gets a good head start from the slack on the rope before successfully yanking the wax strip -- and Freiheit's leg hair. "For the first time in the history of human kind, someone has used a drone to wax their legs" he wrote. "I only did one strip, but the venture was a smashing success."