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.