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The Power Brief

An EU and a Greek flag wave in front of the ancient temple of Parthenon atop the Acropolis hill in Athens.
Aris Messinis | AFP | Getty Images
An EU and a Greek flag wave in front of the ancient temple of Parthenon atop the Acropolis hill in Athens.

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

STOCKS/ECONOMY

-Futures are higher after yesterday's big rally and a new debt deal for Greece.

-Mortgage apps jumped 2.3% last week on actual home buying, not refinancing.

-Gold is at a seven-week low.

-CEOs at the biggest US companies got a 4.5% raise last year, on average.

OIL/ENERGY

-Crude oil is up 1% and at the $49/barrel level.

-Gasoline prices rose another penny to $2.30/gallon, national average.

-Shell is cutting another 2,200 jobs.

ELECTION

-Protesters threw rocks at police officers and police horses at a Donald Trump rally in Albuquerque, NM.

-The Democrats are considering dumping DNC Chair Debbie Wasserman Schultz before the convention.

The California primary is in 12 days and voters say the economy is the top issue.

TECH MOVES

-HP Enterprise planning a spinoff of its tech services business and to merge it with Computer Sciences Corp. in an $8.5 billion deal.

-Microsoft is cutting 1,850 jobs from what's left of its smartphone business. Most of the cuts will be in Finland.

-Apple is looking to compete with Amazon's Echo with a new Siri-based app.

DEFENSE

-The F-35 stealth fighter is facing delays on testing because of stubborn software installation issues.

-A new report shows the trio of Israel, South Korea, and Brazil are challenging the big Western countries' dominance in the defense industry.