The Power Brief

U.S. Federal Reserve chair Janet Yellen
Brendan McDermid | Reuters
U.S. Federal Reserve chair Janet Yellen

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


-Stock futures are flat after yesterday's big selloff and Monday's big rally. Will stocks whipsaw again today? Investors seem to be going through a new round of Fed phobia.

-The Obama administration has just released its long awaited rules expanding overtime pay. The move could severely affect hiring in industries like hotels, restaurants, and non-profit companies.

-Piggybacking off of Home Depot's positive housing economy indicator yesterday, Lowe's has just reported better than expected profits and revenues.

-The Fed minutes will be released live on Power Lunch today at 2pm Eastern. Here's what to look for:


-China is going to boost its rebates to steel producers to beat back the effects of severely increased U.S. tariffs and keep prices low.


-Crude oil is flat at the $48/barrel level. But nat gas has slowly been creeping back down to $2 in recent days. It's at $2.03 now.

-Gasoline prices rose almost two cents overnight to $2.24/gallon, national average.


-Bernie Sanders won the Oregon primary by a comfortable margin, but Hillary Clinton won the Kentucky primary by fewer than 2,000 votes.

-Donald Trump has reached a crucial joint fundraising deal with the Republican National Committee.

-Facebook hosts its meeting with conservatives today. Here's the reason why Zuckerberg is doing this.

-White House visitor logs show that Google has had unrivaled access to the Obama administration. Google's top lobbyist alone has visited 128 times since 2009.


-The president of Mitsubishi Motors is resigning over the fuel efficiency scandal.


-The Senate has passed a bill that will let 9/11 victims sue Saudi Arabia.

-Donald Trump says he would talk directly with North Korea's Kim Jong Un.

-Saab's CEO says the entire defense industry would struggle to meet new demand if either Donald Trump or Hillary Clinton win the White House and ramp up defense spending for NATO as much as many people expect.


-The tiny town of Key Haven, Florida is where scientists are trying to develop a genetically modified mosquito to fight the spread of the Zika virus.