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The Power Brief

Dollars cash
Haruyoshi Yamaguchi | Bloomberg | Getty Images

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

STOCKS/ECONOMY

Stock futures are a bit down after yesterday's big rally. Big bank earnings are on tap this morning.

-The dollar rally continues this morning.

OIL/ENERGY

-Crude prices are flat and holding at the $41/barrel level.

-Gasoline prices continue to rise fast. We're now up to $2.09/gallon, national average.

-The world's largest coal company, Peabody Energy, has filed for bankruptcy.

-The IEA is joining the chorus of those who say India will probably be the one key country that boosts demand for oil in the coming years.

ELECTION

-Florida prosecutors have reportedly decided not to file assault charges against Donald Trump's campaign manager.

-An impressive 27,000 people came out to a Bernie Sanders rally in Washington Square Park last night.

-Sanders and Hillary Clinton face off in a debate in Brooklyn tonight.

-Talk is growing about the Ted Cruz campaign infiltrating and turning Trump delegates to his side.

RX BOOM

-US prescription drug spending is expected to hit $400 billion by 2020.

YAHOO SALE

-Even as it's dealing with a major labor strike, Verizon is emerging as the leading bidder for Yahoo's content businesses.

TECH WARS

-Facebook has poached Regina Duran from Google to head up its new R&D lab.

DEFENSE

-Russia is defending its pilots who buzzed a US Navy warship in the Baltic Sea yesterday.

-Both manufacturer Oshkosh and the Pentagon now admit the $6.7 billion Joint Light Tactical Vehicle won't be delivered on time.

-Raytheon has just received a $1 billion contract to deliver anti-aircraft missile jammers to Navy Growler aircraft.

-It's believed the Taiwan-born US Naval officer accused of spying for China has compromised the new features of our revamped Poseidon and Aries model anti-submarine air defenses made by Boeing and Lockheed Martin respectively.

-Congress wants the Obama administration to quadruple its grant for Israeli missile defense to $600 million.