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Power Lunch Morning Brief

Andrew Holt | Photographer's Choice | Getty Images

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

STOCKS/ECONOMY

-Stock futures are just a bit lower right now after Friday's big rally and big overnight gains in Asian markets. Lower oil prices this morning may be cooling things off. This is a Fed week, with a policy decision on Wednesday.

-In what some people are calling a bad sign for the overall economy, the default rate on subprime car loans is jumping.

OIL/ENERGY

-Iran has dashed hopes of any coordinated production cut right now. So crude is down about 2% with WTI back at the $37/barrel level.

-Gasoline prices rose five cents over the weekend to $1.93/gallon, national average.

ELECTION

-The big news over the weekend were the violent disruptions of Trump rallies in Chicago and Missouri. And in Ohio, one man rushed the stage before he was tackled by the Secret Service. It's not clear yet how all of this will affect the polls if at all.

-Two Breitbart reporters have resigned after complaining that the news site did not support one of them who documented being assaulted by Trump's campaign manager.

-The latest NBC/WSJ poll shows John Kasich narrowly ahead in Ohio and Donald Trump well ahead in Florida.

-Mitt Romney will campaign with Kasich in Ohio today.

TERROR/DEFENSE

-Two armor-piercing missiles sent to Portland, Oregon have been discovered on a cargo flight in Serbia.

-An African branch of al Qaeda is being blamed for an attack yesterday on a beach in Ivory Coast that left 14 dead including a 5-year-old boy. The attack may have been meant to target US diplomats.

-While the Apple/FBI dispute rages on, the Feds are also trying to find a way around the new encryption at WhatsApp, which blocks wiretapping of calls.

-A new law will cut off unemployment benefits to military veterans going to school on the GI Bill.

DEALS/NO DEALS

-A group of investors is trying to pry Starwood Hotels away from its planned merger from Marriott. The new offer is $76/share in cash and comes from a Chinese investment group.

YAHOO SHRINKING

-Yahoo is scrapping many of its sites, including Yahoo Games and LiveText.

MOVING AMERICA

-An Amtrak train derailed last night in Kansas, injuring 20 people.

-United CEO Oscar Munoz returns to work today after his heart transplant and his first order of business will be to meet with labor leaders.

-The man in charge of Google's self-driving car division calls recent accidents "teachable moments."

MIGRANTS/EUROPE

-Angela Merkel's migrant policies have cost her dearly in regional elections.