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The Power Brief

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

STOCKS/ECONOMY

-Stock futures are lower after yesterday's down day put the current major index losing streak at five days. Fears about Brexit and dissatisfaction with Fed Chair Janet Yellen's words are keeping investors hesitant.

-Gold has climbed to a 2-year high and is at $1,306/ounce.

-The yield on the US 10-year Treasury bond has fallen below a key support level and is now at 1.56%.

-The Bank of Japan has decided to keep interest rates the same.

OIL/ENERGY

-Crude is down more than 1% and at the $47/barrel level. That's a 3-week low.

-Gasoline prices fell another penny overnight to $2.35/gallon, national average.

BREXIT

-Goldman Sachs warns the pound may fall another 11% if the Leave vote wins the June 23 referendum.

ELECTION

-The Hillary Clinton campaign is actively vetting Elizabeth Warren to be her VP choice.

-Hackers have released the Democratic Party's" opposition research" on Donald Trump.

RETAIL

-Walmart is cutting hundreds of jobs and closing 500 invoicing centers.

OBAMACARE

-After reports that many states' Obamacare plans weren't providing basic services, the Obama administration announced $22 million in funding yesterday to help states make insurers comply.

TERROR/DEFENSE

-Investigators are asking for Facebook's help in investigating the Orlando terror shooter after it was revealed he made several threatening posts on Facebook.

-Iran is suing the US in the International Court of Justice to get $2 billion worth of frozen Iranian assets here in the US.

-US troops may not leave Afghanistan after all.

-Lockheed Martin says if Canada cancels its orders for the new F-35, it will move many of the jobs building that jet to another country.

-The Marine Corps is sending its first women artillery officers to the fleet.

TAXI WARS

-Didi Chuxing, China's Uber rival, has raised $7.3 billion.