The Power Brief

Tim Boyle | Bloomberg | Getty Images

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


-Stock futures are down sharply after the Bank of Japan did not come through with the new stimulus investors were expecting and hoping for.

-The 1st quarter GDP report comes out at 830am Eastern. Very slow growth of 0.7% is expected.

-The yield on the 10-year Treasury bond is back solidly below 1.9% after flirting with the 2% level this week. The GDP report should have an effect later this morning.


-Crude prices are flat but still at the $45/barrel level.

-Gasoline prices rose 2 cents overnight to $2.17/gallon, national average.


-Abbotr Labs is buying St. Jude Medical. It's a $25 billion deal.

-Sanofi is making a $9.3 billion offer to buy US biotech Medivation.

-China's HNA Group is buying the parent company that owns Radisson Hotels.


-Donald Trump is mocking Ted Cruz's decision to pick a running mate.

-Bernie Sanders' campaign is laying off hundreds of workers.


-Facebook earnings were much better than Wall Street expected.


-Volkswagen says the cost of its customer buyback and compensation program will be $9 billion.


-The House Armed Services Committee has overwhelmingly voted in favor of a $610 billion defense funding bill that includes a bigger pay raise for the troops than most Democrats wanted, (2.1%).

-A Syrian government airstrike has hit a hospital in Aleppo, killing several Doctors Without Borders physicians and some patients. The peace talks now hang by a thread.

-SPACEX has crashed the Boeing/Lockheed Martin monopoly and has just won a US military satellite launch contract.

-Production levels for the new F-35 fighter jet came in lower than expected for 1st quarter.


-Nantkwest, a cancer research firm, paid its CEO Patrick Soon-Shiong a record salary of $147.6 million in 2015.