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The Power Brief

A customer, right, shows his Apple Inc. iPhone SE after purchasing it at the company's Omotesando store on March 31, 2016 in Tokyo, Japan.
Tomohiro Ohsumi | Getty Images
A customer, right, shows his Apple Inc. iPhone SE after purchasing it at the company's Omotesando store on March 31, 2016 in Tokyo, Japan.

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

STOCKS/ECONOMY

-Stock futures are up a bit after yesterday's modest losses. There are a number of key earnings reports out today with Apple being the big one after the closing bell.

-Here's a good Apple earnings preview.

-Today begins a two-day Fed meeting. Investors are expecting some more hawkish words from the Fed tomorrow.

OIL/ENERGY

-Crude prices are up a bit, just at the $43/barrel level.

-Gasoline prices rose to $2.14/gallon, national average.

-BP ran up a 1st quarter pre-tax loss of $865 million.

-Toshiba is taking a $2.3 billion writedown on its nuclear power business, which includes plants here in the US.

ELECTION

-There are five primaries today for both parties.They're in Pennsylvania, Connecticut, Maryland, Delaware, and Rhode Island. Donald Trump is expected to sweep all five, and Hillary Clinton leads in the polls in all but Rhode Island. The CT race is very close though.

-In Indiana, it appears John Kasich is not complying with the supposed deal with the Cruz camp to back off in that state.

-The Ted Cruz campaign is vetting Carly Fiorina as a running mate.

DEALS/NO DEALS

-The Chinese govt is nixing a deal between Alibaba and Disney that would have brought loads of Disney content to China.

-Federal regulators will allow the Charter Cable/Time Warner Cable merger.

MITSUBISHI SCANDAL

-Now Mitsubishi is admitting it's been reporting false results on mileage tests since way back in 1991.

HEALTHCARE

-An FDA panel says Sarepta's muscular dystrophy drug does not really work.

TERROR/DEFENSE

-London's Heathrow Airport may soon use a "death ray" machine to shoot down drones.

-The US Army says it may need to use drill sergeants beyond basic training because Millennial soldiers are proving to be a disciplinary challenge.

REDSKINS CASE

-The Redskins have asked the Supreme Court to rule on its controversial trademark.