The Power Brief

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


-Stock futures are lower after some warnings about the European economy from the ECB's Mario Draghi. Weekly jobless claims are out at 830am Eastern.

-The 10-year bond yield is all the way back down to 1.67%.

-Billionaire George Soros is making a series of bets based on his very bearish view of the global economy. So naturally, he likes gold.

-Americans will hit $1 trillion in credit card debt this year.


-Crude prices are down and back to the $50/barrel level.

-Gasoline prices rose to $2.36/gallon, national average.

-The US solar market is expected to double in 2016, thanks greatly to public utility investment.


-The House will vote on the Puerto Rico debt bailout bill today.

-Moody's has downgraded Illinois' debt once again as the state still hasn't been able to address its pension debts or even make a full budget deal.


-Silicon Valley is lining up solidly behind Hillary Clinton.

-Elizabeth Warren will endorse Hillary Clinton.

-Police have arrested more of the anti Trump rioters who attacked Trump supporters in San Jose last week.


-The FDA is approving a new drug from Pfizer that aims to cut down on several forms of opioid drug abuse.


-Envision Healthcare Holdings is in talks to merge with AmSurg in a $9 billion deal.


-Boeing says it now knows how to fix a major problem with its KC-46 air tanker.

-As US-backed Syrian Rebels are getting wiped out by Russian-backed pro-Assad forces, the Pentagon and the CIA are blaming each other for the failures.

-Controversial hedge fund billionaire Stephen Cohen's $275 million donation has opened a mental health care center for veterans and their families at NYU Langone Medical Center in New York. The center now bears Cohen's name.


-The U.S. Department of Justice is asking the Supreme Court to overturn an appeals court ruling that had favored Apple over Samsung in smartphone patent litigation.

-A new report predicts Snapchat will see a double-digit percentage growth in users this year.


-China's first Disneyland opened today in Shanghai.

-Former ESPN star Bill Simmons is ripping into the network on the eve of his new talk show on HBO.