Here is what you need to know.Greece voted no. The Greek people overwhelmingly voted against accepting a bailout proposal from European creditors. The final tally showed 61% voted "no," a major surprise even though Prime Minister Alexis Tsipras' government had campaigned for the outcome. Sunday's outcome set off a huge celebration in Athens' Syntagma Square. Greece's two-year yield is up 1,565 basis points at 50.48%.Greece's finance minister has resigned.Yanis Varoufakis announced his resignation on his blog. Greece's former finance minister said: "I was made aware of a certain preference by some Eurogroup participants, and assorted 'partners,' for my ' 'absence' from its meetings; an idea that the prime minister judged to be potentially helpful to him in reaching an agreement. For this reason I am leaving the Ministry of Finance today." Yannis Dragasakis, Giorgos Stathakis, Euclid Tsakalotos, and George Chouliarakis are being considered to replace Varoufakis.European leaders will hold an emergency summit on Tuesday. European Union president Donald Tusk has called an emergency summit in response to Greece's rejecting the bailout proposal from its creditors. Also, Eurogroup president Jeroen Dijsselbloem announced a Tuesday meeting to "discuss the state of play." The euro is weaker by 0.7% at 1.1038.China suspended IPOs and created a 'market-stabilization fund.'Beijing announced the measures in an effort to provide stability to the topsy-turvy Chinese stock market. The suspension of IPOs was implemented in hopes of stemming the rush of capital from existing listings. Meanwhile, the "market-stabilization fund" is made up of more than 20 brokers who pledged to buy at least 120 billion yuan ($19.3 billion) in shares.Chinese stocks saw a roller-coaster ride. China's Shanghai Composite finished higher by 2.4% amida volatile session. The index opened with a gain of more than 8.5% before sliding into negative territory shortly ahead of the European open. A lately rally lifted stocks comfortably above the breakeven line. Elsewhere, Hong Kong's Hang Seng (-3.2%) led Asian markets lower as trade entered a technical correction, now 11% off the April high. In Europe, Spain's IBEX (-1.8%) paces the decline. S&P 500 futures are lower by 9.75 points at 2059.00.Crude oil is getting smoked.Early selling pressured West Texas Intermediate crude oil to its lowest level in three months. Currently, the energy component is down 4.4% near $54.45 per barrel.Aetna is buying Humana.The $37 billion deal is 'poised to be the biggest ever in the health-insurance industry," according to Bloomberg. The deal, announced on Friday, is a combination of cash and stock with the take out price at around $230 per Humana share. This makes for a 23% premium from Thursday's closing price.Kraft Heinz has completed the merger between Kraft and H.J. Heinz. The combination of the two makes for the third largest food and beverage company in the United States and fifth largest in the world, according to Reuters. The stock will trade under the ticker 'KHC'. Warren Buffett has been named a member of the board.Philip Morris is planning a huge share sale for its Indonesia unit.The cigarette-maker is planning to sell more than $1 billion worth of shares in its Indonesia operation. The Wall Street Journal reports that the sale "will allow Philip Morris to comply with a pending stock-exchange rule requiring all Indonesia-listed companies to have at least 7.5% of their shares in public hands." Indonesia is the world's second largest cigarette market, behind only China.US economic data is light.Data is limited to the release of ISM Services at 10 a.m. ET. The US 10-year yield is down 7 basis points at 2.31%.Join the conversation about this storyNOW WATCH: Someone figured out the purpose of the extra shoelace hole on your running shoes ' and it will blow your mind
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