A daily morning look at the financial stories you need to know to start the day
STOCKS/ECONOMY
-Stock futures are higher this morning after yesterday's mixed day. Disney earnings are out after the closing bell.
The CBO reports that about 1 in 6 Millennial men, (ages 18-34), are either jobless or in jail.
OIL/ENERGY
-Crude is flat this morning with WTI at the $43/barrel level.
-Gasoline prices fell fractionally and are still at $2.20/gallon, national average.
-SolarCity shares are under heavy selling pressure after the company reported a bigger loss than expected and issued bad guidance.
ELECTION/POLITICS
-The West Virginia Democratic primary is today. Bernie Sanders leads in most pre-election polls.
-Carl Icahn pushed back on Bernie Sanders after Sanders called him "greedy" for the way he played a role in the collapse of the Taj Mahal casino in Atlantic City. Icahn says he saved jobs there and it would have collapsed sooner without his involvement. But Icahn also said he agrees with Sanders on the issues of income inequality and CEO pay.
-Facebook is denying a report that it censors conservative-friendly news stories in its "trending" section.
-A survey by Military Times shows that the troops favor Donald Trump over Hillary Clinton for president by more than a 2-1 margin.
DEFENSE/TERROR
-There's been an Islamist knife attack on a train this morning in Munich.
The US is sending another warship into the South China Sea. The destroyer William Lawrence will sail near the disputed islands in the region and is meant to send a message to Beijing to back down.
-North Korea's expanding missile range is raising global concerns.
-Israel has unveiled the latest innovation in warfare: a 25-pound pistol-packing robot called "Dogo" for use in close combat/anti-terrorism missions.
-Defense stocks have been having a good year so far on Wall Street.
-Lockheed Martin was the top federal contractor in 2015, raking in $36.2 billion. #2 was Boeing at $16.6 billion. Lockheed's big money came from the F-35 and the Trident missile.
-Raytheon is ramping up production of smaller weaponized drones in response to growing global demand.
PUERTO RICO
-Treasury Secretary Jack Lew is strongly urging Congress to restructure Puerto Rico's massive debt.