Futures Lower on Shortened Trading Week: MNKD, APP in Focus

Monday's trading session kicks of a shortened trading week as the markets are closed Friday in observance of the Fourth of July holiday. The futures markets are lower. Volume is expected to be light this week. Mannkind gets FDA approval for an inhaled insulin in the United States for those suffering from Type 1 and Type 2 diabetes. American Apparel adopts a one year poison pill over the weekend to stave off founder Dov Charney. The stock soared in Friday's session. NetJets is poised to get clearance in the coveted Chinese market this year. The FAA says traffic is up on average 3.8 percent in the US for private aviation. NetJets is owned by Warren Buffet's Berkshire Hathaway.