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The Power Brief

A job seeker looks over job listings during the Quad Cities career fair in Moline, Illinois.
Daniel Acker | Bloomberg | Getty Images

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


-Stock futures are slightly down after yesterday's flat close. The ADP private sector jobs report is out at 815am Eastern ahead of the big May jobs report out tomorrow.

-The ADP number is going to be a bit more closely watched today. Here's why:

-Goldman Sachs has cut its price target on Apple.

-One UBS expert says the Brexit vote is more important than the Fed's rate decision later this month.


-Crude prices are flat and holding at the $49/barrel level.

-Gasoline prices rose fractionally overnight and are holding at $2.32/gallon, national average.

-The big OPEC meeting is underway in Vienna.

-In the most solid proof yet that Saudi Arabia is diversifying, the nation is investing $3.5 billion in Uber.


-A new NBC/WSJ/Marist poll shows Hillary Clinton leads Bernie Sanders by just 2 percentage points in California. That's forcing Mrs. Clinton to spend even more time in the state ahead of Tuesday's primary.

-More big investors on Wall Street are getting more comfortable with the idea of a Trump presidency.

-Union leaders are starting to work hard to head off Donald Trump's appeal to the white working class.

-Hillary Clinton's campaign raised $27 million in May and has $42 million in the bank.


-The Obama administration will unveil new rules for payday lenders today.


-Johnson & Johnson is buying hair care products company Vogue International for $3.3 billion.

-Tribune's annual shareholder meeting is today and things will be contentious as investors debate the buyout offer from Gannett.


-The smaller the Obamacare premium price hike, the more limited the healthcare options.

-Global spending on cancer drugs was $107 billion last year.


-Switzerland is holding a national referendum this weekend to decide whether to give everyone in the country a no-strings-attached $2,500 monthly payment. Many experts say this is better than traditional welfare or minimum wage laws.


-There are so many new entertainment choices for "TV" shows that Nielsen is having to adjust its metrics to make up for record low ratings for traditional broadcast shows.