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The Power Brief

Andrew Harrer | Bloomberg | Getty Images

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

STOCKS/ECONOMY

-Stock futures are higher this morning after another down day yesterday. The Fed decision comes out during Power Lunch at 2pm Eastern and wholesale inflation numbers are out at 830am.

-Bond yields have recovered a bit, with the 10-year yield now at 1.63%.

-Mortgage applications fell 2.4% last week despite the lowest mortgage rates in a year.

-A new study shows that only 69% of low income men ages 18-54 are working in America.

-Bank of America may cut 8,000 consumer banking jobs as digital banking becomes more popular.

OIL/ENERGY

-Crude oil is at a 3-week low, down 1% and at the $47/barrel level.

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

BREXIT VOTE

-London's financial sector is basically in a hiring freeze as no one wants to make a move before the big Brexit vote on June 23.

-Bond king Jeffrey Gundlach is brushing off the polls and says the UK will stay in the EU.

ELECTION

-Hillary Clinton easily won the DC primary yesterday and then had what she called a "positive meeting" with Bernie Sanders.

-Billionaire investor Wilbur Ross is backing Donald Trump and the pro-leave camp in the UK.

-Venture capitalist Mark Andreessen supports Hillary Clinton because he opposes Donald Trump's plans to restrict immigration.

ALLIGATOR ATTACK

-The search is still on for a 2-year-old boy dragged away by an alligator last night near a Disney resort in Florida.

IRAN/BOEING

-Iran says it's reached an historic deal to buy passenger jets from Boeing.

HEALTHCARE

-British trials are showing that Viagra can help stop heart attacks. The Pfizer-made drug may soon be used for that purpose.

-The most popular Obamacare plans will see premium hikes of 10% on average for next year.

TERROR/DEFENSE

-A grand jury is being convened to decide whether to charge the Orlando terror shooter's wife with accessory to murder.

-A new report says North Korea may be significantly boosting its nuclear bomb arsenal.

-The Senate has approved the $602 billion defense bill, but President Obama is expected to veto it.

-One part of the bill the Obama administration opposes is the boosting of US missile defense aid to Israel by about $500 million.

-Pakistan is considering canceling its plan to buy F-16's from the US and buy used jets from Jordan instead.