The Power Brief

Jeff Bezos, founder and CEO
David Ryder | Getty Images
Jeff Bezos, founder and CEO

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


-Futures are flat after yesterday's 200+ point loss for the Dow.

-Gold has jumped to a 7-week high and is now at the $1,280/ounce level.

-After Carl Icahn phoned in to Power Lunch yesterday and predicted a major market loss or "reckoning" ahead, Warren Buffett told CNBC this morning that he disagrees.

-Amazon will be a mover this morning after it beat earnings estimates late yesterday and is sharply higher in the pre-market.

-LinkedIn also looks to jump this morning on an earnings beat.

-Americans' confidence in the economy is at a low for the year.

-President Obama will be the first US president never to see a year of at least 3% economic growth.

-The Eurozone growth rate unexpectedly doubled to the still anemic 0.6%.


-Oil prices have just started to rebound this morning and are back over th $46/barrel level.

-Gasoline prices rose another 2 cents overnight to $2.19/gallon, national average.


-Police arrested 20 people outside a Donald Trump rally in Costa Mesa, CA last night.Trump goes to campaign in Silicon Valley today.

-More and more Republican leaders are now resigned to Trump as the nominee.


-ABInbev is offering to sell more of its businesses to clinch regulatory approval for its merger with SABMiller.

-Alere says it's rejected Abbott's request to scrap their $5.8 billion merger deal and pay the $30 million to $50 million break up fee.

-Rovi is buying TiVo for $1.1 billion.


-Chinese made military drones are hot items, especially in the Middle East and Africa.

-ISIS is selling used cars and fish to make up for the lost revenue from lower oil prices.


-California's giant pension fund CALPERS is reconsidering its decision to pull out of tobacco stocks 16 years ago. A new study shows CALPERS missed out on $3 billion in gains by making that move.


-Quest Diagnostics has won emergency FDA approval to test a Zika Virus vaccine.


-Verizon says it's just offered its 40,000 striking workers a final contract offer.


-Caterpillar is closing five more US plants.


-Delta is ordering 37 new Airbus A321 jets for $4.25 billion.