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Power Lunch Morning Brief

Chicago skyline.
Henryk Sadura | Getty Images
Chicago skyline.

A daily morning look at the financial stories you need to know to start the day

Stocks/Economy

-The recent stock winning streak may end today as futures are lower right now on a fresh batch of weak economic news from China.

-China's February exports fell at their steepest pace since 2009.

-Gold is up at the $1,275/ounce level.

-Now that commodities like gold are rising, investors believe there's a chance inflation is on the way.

-Confidence among US small business owners is down.

-Bond yields are falling this morning as the US 10-year is back solidly below 1.9%

OIL/ENERGY

-Crude prices are flat as Kuwait is clearly not getting with the production cut program.

-Gasoline prices held steady overnight at $1.81/gallon, national average.

ELECTION

-Today is the Michigan primary, where the GOP contenders not named "Trump" have an uphill battle as he's had big leads in most of the polls. It will be interesting to see just how much Trump's protectionist message resonates in carmaker country. Today's Mississippi primary may be a winner for Ted Cruz.

-On the Dem side, Bernie Sanders is a heavy underdog to Hillary Clinton in Michigan.

-The Washington Post is reporting that Republican Party leaders are pushing a strategy to stop Donald Trump at a contested convention.

-... and so Cleveland is stocking up on riot gear ahead of that convention.

TERROR/DEFENSE

-The US killed about 150 al-Shabab terrorists in a massive air strike in Somalia.

-Now that there will be no more legal battles over the Northrop Grumman contract for the B-21 Bomber, the Pentagon has named the 7 major contractors who will be supplying major components on the aircraft.They include engine-maker Pratt and Whitney and BAE Systems. Pratt and Whitney's role is a big win for the company and a loss for GE, which had beent he engine maker for the B-2 bomber.

-The global market for anti-drone systems will hit an estimated $1.1 billion within 6 years.

MIGRANT DEAL?

-The EU is cheering a deal where Turkey will agree to take back all migrants who cross into EU nations in return for cash.

FANTASY SPORTS

-Virginia bucks a national trend and passes a bill that the fantasy sports sites like very much. Perhaps this new law signed by Gov. McAuliffe will be a blueprint for a national compromise.