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The Power Brief

Boris Johnson leaves after casting their votes at a polling station on the EU Referendum in London, United Kingdom on June 23, 2016
Ray Tang | Anadolu Agency | Getty Images
Boris Johnson leaves after casting their votes at a polling station on the EU Referendum in London, United Kingdom on June 23, 2016

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

STOCKS/ECONOMY

-Stock futures are higher after two days of sharp gains. Much more than half of the post-Brexit vote losses have been recovered. Weekly jobless claims come out at 830am Eastern.

-Bond yields are recovering somewhat with the 10-year Treasury yield now at 1.51%.

OIL/ENERGY

-Crude is off almost 1% after two days of gains and holding at the $49/barrel level.

-Gasoline prices fell to $2.28/gallon, national average.

-Exxon is lobbying its fellow oil companies to agree to a carbon tax.

TERROR/ISTANBUL ATTACK

-A Taliban suicide bombing has killed 40 Afghan policemen.

-The Turkish media says 13 suspects have been captured in connection with the Istanbul airport bombing.

BREXIT LATEST

-In a big surprise, former London Mayor and "Leave" campaign leader Boris Johnson has decided not to run for Prime Minister.

-George Soros told the EU Parliament today that the Brexit vote could end up leading to a reformed and better union.

ELECTION

-The latest FOX News poll has Hillary Clinton ahead of Donald Trump, 44% to 38%.

-Another poll shows Trump greatly outperforming John McCain and Mitt Romney among Latinos.

-A federal judge has ordered the State Dept. to hand over email records of then-Secretary of State Hillary Clinton to see if she was holding off-the-record meetings with Clinton Foundation donors.

STRESS TESTS

-31 of 33 big banks passed the Fed's stress tests and are now allowed to pay out dividends.

TECH WARS

-Sen. Elizabeth Warren says Apple, Amazon, and Google use their size to stamp out competition.

-China's feared Internet Czar, Lu Wei, has unexpectedly stepped down.

-Seagate Technology is cutting about 1,600 jobs, or about 3% of its workforce.

WAR ON BUSINESS

-The city of Los Angeles is moving to punish business owners who ask potential employees if they have a criminal record.

MOVING AMERICA

-GM is losing market share as its dealers say they don't have enough pickups and SUVs to meet demand.