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Power Lunch Morning Brief

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

STOCKS/ECONOMY

-Stock futures are lower ahead of the March jobs report due out at 830am Eastern.

-The market is going to be looking closely at the hourly wages part of the jobs report, and scrutinizing all the data because March jobs reports tend to undergo the most revisions later on.

-Despite yesterday's down day, the Dow posted its strongest comeback quarter since 1933.

-The yield on the 10-year Treasury Bond is below 1.8%.

-China is raising taxes on imported goods.

OIL/ENERGY

-Crude oil is down back to the $37/barrel level.

-Gasoline prices rose another penny overnight to $2.06/gallon, national average.

MOVING AMERICA

-Tesla's $35K Model 3 was finally unveiled yesterday and it already has 135K orders.

DEALS/NO DEALS

-The Chinese investment group Angbang is backing away from bidding for Starwood,clearing the way for Marriott to make the buy.

ELECTION

-The GOP does not have super delegates like the Dems, but they will have enough unbound delegates going into the convention to potentially swing the nomination. The focus is increasing on those unbound delegates.

-The chances of a big loss for Donald Trump in this Tuesday's Wisconsin primary have his campaign facing its first serious challenge since Trump lost the Iowa caucuses.

TERROR/DEFENSE

-ISIS has taken over a bomb making lab in Iraq and has been using it for about a year.

-The Iraqi government seems weaker than ever while challengers to the ruling coalition, led by Muqtada al-Sadr, are making gains.

-Now, millionaires are fleeing France not because of the taxes, but because of terror fears.

WALMART SHOCKER

-For the first time since it went public 45 years ago, Walmart posted weaker annual revenues than the year before.

DEMOGRAPHICS

-The global population is about to have more people aged 65 and older than children under age 5. That's a first, and it has massive socioeconomic ramifications.

-And the number of obese people is also rising. 1 in 8 people worldwide are obese and the ratio is expected to be 1 in 4 by 2025.

MINIMUM WAGE

-The California State Legislature has approved a gradual statewide minimum wage increase to $15/hour. Gov. Brown will sign it.

SCHULTZ PLEA

-Starbucks CEO Howard Schultz says he's devastated by how nasty American discourse has become and he's launching an initiative to encourage more civil leadership.

APPLE AT 40

-Today is Apple's 40th anniversary. CNBC will be marking this moment with special coverage throughout the day.

TECH WARS

-The FCC has decided to look into ways to improve privacy and info sharing rules on the Internet.