Power Lunch

Monday - Friday, 2:00 - 3:00 PM ET

Power Lunch

Power Lunch Morning Brief

Regis Duvignau | Reuters

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

STOCKS/ECONOMY

-Stock futures are higher after yesterday's Janet Yellen-goosed rally. Investors will be looking at this morning's ADP private payrolls report for March, where 200K net new jobs are expected.

-Mortgage applications fell by 1% last week, mostly because of fewer refinances.

-It's been a great month for emerging markets, with capital inflows surging to a 21-month high.

-And venture capital firms are raising money at the highest rate in 15 years.

OIL/ENERGY

-Crude prices are up on less than expected supply reports. We're back at the $38/barrel level. Nat gas is almost back to $2.

-Gasoline prices edged up fractionally and are at $2.04/gallon, national average.

ELECTION

-Donald Trump has dropped his pledge to support the GOP nominee if it's not him. And Ted Cruz and John Kasich are basically non-committal about supporting Trump if he is the nominee.

-Wisconsin's Republican Party leaders are uniting strongly against Trump. The state's primary is April 5.

-Trump is standing by his campaign manager after he was charged with battery.

FBI/APPLE

-More confirmation is coming in for CNBC's story last week that the Israeli company Cellebrite hacked the San Bernardino terrorist's iPhone for the FBI. But Apple is demanding more info.

SCAMS

-Hedge fund billionaire Louis Bacon's environmental charitable trust says it was defrauded by fellow hedge fund manager Andrew Caspersen.

TERROR

-Family members of US military and government personnel in Turkey are being told to leave the country.

-This comes as Turkish President Erdogan comes to Washington today to meet with President Obama.

DEFENSE/AEROSPACE

-Boeing is announcing big layoffs due to weaker demand for jets. Up to 4,500 jobs are on the block this year.

-CNBC's Phil Lebeau has attained an email from the United Airlines pilots union calling for picketing the PAR and Altimeter hedge funds in Boston on April 6.

-The Pentagon is sticking with Raytheon's $4.1 billion GPS III ground system despite the fact that it's $1 billion over budget and 6 years late.

-The US is beefing up its military presence in Eastern Europe.

-Lockheed Martin has found a $480 million buyer for its massive airships that can deliver huge amounts of cargo to remote places without roads.

DEALS

-The Foxconn board has approved the deal to buy Sharp.

OBAMACARE

-A new Blue Cross report shows that Obamacare patients are sicker and more costly than expected. This raises the chances for even steeper rate hikes next year.

TECH WARS

-Netflix's admission that it's doing just what it complained about telecom companies doing to it - namely controlling and slowing download speeds for some of its customers - is a possible death blow for the push for "net neutrality."

-A solar plant in California partly owned by Google is failing and it will cost taxpayers $1.6 billion.

AGING

-The global elderly population is exploding and is expected to double by 2050.