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The Power Brief

A worker processes textiles at Huaibei Qixin Textile Raw Material Co., Ltd in Huaibei, Anhui Province of China.
ChinaFotoPress | Getty Images
A worker processes textiles at Huaibei Qixin Textile Raw Material Co., Ltd in Huaibei, Anhui Province of China.

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

STOCKS/ECONOMY

-Stock futures are down mostly thanks to bad economic numbers coming out of China. The Fed's Beige Book report comes out today.

-Japan's PM Abe is announcing another stimulus plan.

-The Organisation for Economic Co-operation and Development (OECD) iswarning world leaders to act now to spur global growth or risk another big downturn.

-The US death rate rose for the first time in a decade in 2015. Drug overdoses, suicide, and Alzheimer's Disease were the main culprits.

OIL/ENERGY

-Crude is down more than 1.5% on the China slowdown concerns. It's back to the $48/barrel level.

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

ELECTION

-Another poll shows a virtual dead heat in the election. Hillary Clinton leads Donald Trump 45%-41% in the Quinnipiac Poll. The same poll had Clinton ahead by six points in March.

-Newly unsealed court documents show how Trump University sales people used pressure tactics to get people to sign up for the most expensive seminars.

-The nation's biggest nurses union is still strongly backing Bernie Sanders for president and is planning to have a major presence at the Democratic convention.

ZIKA SCARE

-The first baby with Zika virus birth defects in the New York area has been born in Bergen County, New Jersey.

DEFENSE

-As the Iraqi army and ISIS fight for control of Fallujah, UNICEF says there are 20,000 children trapped in the city.

-Because of heavier than expected fighting in Syria and Iraq, the Pentagon is paying Boeing an additional $1.5 billion for bomb guidance systems.

-A Lockheed Martin plant in Massachusetts is gearing up to build upgrades to the Navy's crucial Mk 48 torpedo.