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The Power Brief

Apple CEO Tim Cook
Justin Sullivan | Getty Images
Apple CEO Tim Cook

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

STOCKS/ECONOMY

-Stock futures are down as we await the Fed policy decision live at 2pm Eastern on Power Lunch.

-NASDAQ futures are down more than 1% after Apple disappointed the Street with its earnings report late yesterday. Apple shares are way down in the premarket.

-Twitter also disappointed the Street late yesterday and issued weaker forward guidance.

-The Fed is expected to be extremely cautious in its wording today.

OIL/ENERGY

-Crude prices are up more than 2% and close to the $45/barrel level.

-Gasoline prices rose another penny overnight to $2.15/gallon, national average.

ELECTION

-Donald Trump won all five primaries yesterday and Hillary Clinton won four of five. Both candidates now say their party opponents should drop out.

-Trump will give a big foreign policy speech today.

DEALS/NO DEALS

-Comcast is reportedly looking to buy DreamWorks Animation for $3 billion.

COPYRIGHT FIGHT

-Getty Images is suing Google for "promoting piracy" of its pictures.

HIGHER ED

-A new study shows that only 37% of high school seniors are prepared for college math and reading.

DEFENSE

-Northrop Grumman just posted better than expected earnings and raised forward guidance. But total sales were flat compared to the same time last year.

-Senator John McCain is ramping up the pressure on the new Northrop B-21 Bomber program. He vows to make the total cost of the contract public and says it's unbelievable that it isn't public already.

-Russia's aggressive arms sales continue as Moscow is set to sell three new fighter jets to Myanmar and provide new air defenses to Egypt.

-We now know the new Protector drone project in the UK is being supplied by General Atomics from the US.