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The Power Brief

Passengers at O'Hare International Airport wait in line to be screened at a Transportation Security Administration (TSA) checkpoint in Chicago.
Getty Images
Passengers at O'Hare International Airport wait in line to be screened at a Transportation Security Administration (TSA) checkpoint in Chicago.

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

STOCKS/ECONOMY

-Stock futures are slightly higher ahead of lots of economic data coming out this morning, including personal income and spending and consumer confidence.

-The May jobs report due out Friday morning is expected to tip the scales one way or the other for a June Fed rate hike.

-It looks like India will remain the world's fastest growing economy so far this year.

OIL/ENERGY

-Crude prices are flat and holding below the $50/barrel level.

-Gasoline prices are holding at $2.32/gallon, national average.

ELECTION

-At the annual Rolling Thunder Memorial Day event in Washington, DC, Donald Trump got the crowd excited when he said that illegal immigrants are treated better than veterans in this country.

-Good sign for Trump? American flag sales are soaring.

-Hillary Clinton is boosting the number of her appearances in California to avoid a big upset loss in that state's June 7th primary.

-The big spike in many Obamacare premiums is hurting Hillary Clinton's campaign.

-The US Chamber of Commerce is starting a big fundraising push to keep the GOP in control of the Senate.

MOVING AMERICA

-Top transportation experts say the TSA's incompetence is the reason for the longer lines at US airports.

-Emissions scandal-plagued Volkswagen posted a surprise increase in profits for the first quarter.

DEFENSE

-North Korea has carried out another ballistic missile test, but it failed.

-Iraqi troops have started their ground assault into Fallujah vs. ISIS.

-Boeing will miss a major deadline to have 18 of its new KC-46 air tankers delivered to the US Air Force by next year.

DEALS/NO DEALS

-Bayer says it's prepared to up its $62 billion offer for Monsanto.

-Utility company Great Plains is buying fellow utility company Westar for $8.6 billion.

-Jazz Pharmaceuticals is buying Celator for $1.5 billion. Jazz wants Celator's promising leukemia drug.

RETAIL PROMISES

-Human rights groups say top US retailers like Gap and H&M have not made good on their promises to significantly improve the working conditions at their overseas suppliers.