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Power Lunch Morning Brief

Kevin Lamarque | Reuters

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

STOCKS/ECONOMY

-Stock futures are down after yesterday's flat and low volume day. Investors are waiting on Fed Chair Janet Yellen's speech later today.

-Speaking in Singapore today, San Francisco Fed President James Williams said the Fed should stay on track with more rate hikes this year.

OIL/ENERGY

-Crude is down more than 1% and back down at the $38/barrel level.

-Gasoline prices rose to $2.04/gallon, national average.

STARWOOD WAR

-Analysts don't expect Marriott to raise its bid for Starwood in response to the latest higher bid from China's Angbang.

YAHOO WAR

-Yahoo is giving potential bidders for its core businesses until April 11th to submit bids.

VIRGIN BIDDING

-JetBlue and Alaska Air are bidding for Virgin America.

ELECTION

-Hillary Clinton's lead over Bernie Sanders in the national polls is shrinking again.

TERROR/DEFENSE

-The DOJ says it's cracked the San Bernardino terrorist's iPhone and is asking the court to drop its order for Apple to unlock it. Skeptics believe the Feds always had the ability to do this, but they insisted on pressuring Apple simply to send a chilling effect to Silicon Valley over encryption.

-DEVELOPING: Police say the hijacker of an EgyptAir jet has been arrested.

-Police in Brussels appear to have suffered a setback in the search for more terrorists connected to last week's bombings.

OBAMACARE

-Based on CBO numbers, Obamacare has actually reduced the number of Americans with private health insurance.

HOSPITAL HACKING

-Hackers have paralyzed many of the services at the MedStar hospital chain. These kinds of attacks against hospitals are increasing.

CHINA REPRESSION BREAK

-Somehow, free full access to Google was available in China for all of two hours this past weekend.

BUFFETT MOVES

-Berkshire Hathaway is upping its ownership stake in Wells Fargo to 10%.

SELF-DRIVING TESLA

-An Israeli newspaper reports that Elon Musk secretly visited Mobileye in Israel to inspect technology the company is making for a self-driving Tesla.