The Power Brief

Stack of Gold Bars, high, raise, rise
Dario Pignatelli | Bloomberg | Getty Images

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

STOCKS/ECONOMY

-Stock futures are decidedly lower this morning as investors continue to respond to polls shifting strongly in favor of the U.K. leaving the E.U. The markets are also rattled by the Orlando ISIS shooting.

-The yield on the 10-year Treasury is all the way down to 1.61%.

-Gold is up almost 1% to the $1,287/ounce level. 4-week high.

-Now some investors think the Fed may actually CUT rates this year.

ORLANDO LATEST

-The FBI investigated the shooter, Omar Mateen, twice. But he was never arrested.

-ISIS radio is calling Mateen one of its soldiers.

OIL/ENERGY

-Crude prices are down about 1% and back to the $48/barrel level.

-Gasoline prices held at $2.37/gallon, national average.

ELECTION

-Donald Trump is going ahead with his speech today on Hillary Clinton, and now he will make it about terrorism as well.

-Trump has already called on Pres. Obama to resign for failing to protect Americans and trying to scold Americans for the shooting by blaming it on gun laws.

-Pres. Obama and Hillary Clinton have called off a joint campaign rally in Wisconsin for Wednesday because of the Orlando shooting.

PHARMA WARS

-Walgreen's has ended its relationship with Theranos.

APPLE

-Apple's annual worldwide developers conference begins today. Apple is expected to unveil some information on how it will compete with Google and Amazon.

DEFENSE

-The global defense market is now worth $65 billion per year. French defense increases are a big reason why.