Power Lunch

Monday - Friday, 2:00 - 3:00 PM ET

Power Lunch

The Power Brief

Supporters of the Vote Leave campaign cheer as they wait for Boris Johnson, the former mayor of London, during the first day of a nationwide bus tour to campaign for a so-called Brexit in Truro, U.K., on Wednesday, May 11, 2016.
Luke MacGregor | Bloomberg | Getty Images

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

STOCKS/ECONOMY

-Stock futures are lower as investors worldwide start flying to safer havens in response to the growing likelihood the UK will leave the EU. Germany's 10-year bund yield fell into negative territory this morning.

-US Treasurys are also seeing yields tank. The 10-year yield touched 1.57% this morning.

-US small business confidence rose modestly in May.

OIL/ENERGY

-Crude is down and barely holding above the $48/barrel level.

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

ORLANDO TERROR ATTACK

-Witnesses say the terrorist shooter was a frequent patron at the gay club he targeted.

-House Democrats heckled Speaker Paul Ryan yesterday for not recognizing a question from the floor about new gun control legislation.

-We could have another legal battle brewing as the FBI now has the Orlando terrorist's phone.

-Asusual in the wake of these shooting incidents and terror attacks on US soil, gun company stocks rose yesterday.

ELECTION

-Hillary Clinton leads Donald Trump in the latest NBC News poll, 49% to 42%.

-Donald Trump is demanding Mrs. Clinton return all the money countries that ban homosexuality have donated to the Clinton Foundation. That includes $25 million from Saudi Arabia.

TECH WARS

-Now that Microsoft is buying LinkedIn for $26 billion, investors are expecting Google to respond with a big move of its own.

DEALS/NO DEALS

-EU antitrust authorities willreportedly approve Marriott's purchase of Starwood Hotels without demanding concessions. It's a $12.5 billion deal.

-Fanduel and DraftKings are in talks to merge.

GAWKER MESS

-The hedge fund, Cerberus Capital Management, is providing Gawker with a $22 million bankruptcy loan.

TERROR/DEFENSE

-ISIS is taking responsibility for the murder of a Paris police officer and his wife yesterday.

-The Obama administration will no longer pursue its attempts to shut down the military prison at Guantanamo.

MOVING AMERICA

-In what could become a precedent-setting case, a Minnesota man is suing the TSA because a slow security line made him miss his flight.

DEATH IN HOLLYWOOD

-Former "stockbroker to the stars"- turned fraud convict Dana Giacchetto was found dead in his home in Los Angeles Sunday.

GENEROUS AMERICA

-Charitable giving hit a record $373 billion in the US last year.