A daily morning look at the financial stories you need to know to start the day
-Stock futures are down a bit after three straight 200+ point gains for the Dow. We get the June vehicle sales numbers today, along with ISM manufacturing figures.
-Much of the drag on the futures is because Chinese manufacturing numbers came in worse than expected.
THE PRICE OF FREEDOM (now 90% off)
Since the Brexit vote:
Dow: 18,011.07. The Dow lost 871 points over the next two sessions, and has recovered 790 points since then. (+90.7%)
S&P 500: 2113.32. The S&P 500 lost 113 points over the next two sessions,and has recovered 98 points since then (+86.7%)
Nasdaq 4910.04. The Nasdaq lost 316 points over the next two sessions, and has recovered 248 points since then. (+78.5%)
-The yield on the 10-year Treasury bond is all the way back down to 1.40%
-Gold is set to make its fifth weekly gain, and silver is at a 22-month high.
-Crude prices are flat and holding at the $48/barrel level.
-Gasoline prices held overnight at $2.28/gallon, national average.
-New Jersey's plan to raise gasoline taxes by 23 cents/gallon has been tabled for now.
-So far, Hershey's is rejecting the $23 billion takeover bid from Mondelez.
-Attorney General Loretta Lynch will announce today that she will accept and execute whatever action suggested by the veteran career FBI investigators in the Hillary Clinton email probe.
-Meanwhile, the questions about Bill Clinton's meeting this week with AG Loretta Lynch are not dying down.
-Several reports say Newt Gingrich and Chris Christie are on Donald Trump's vice presidential short list.
-The State Dept has asked for a whopping 27-month delay before handing over internal emails that document meetings between Hillary Clinton and Clinton Foundation Donors.
-Donald Trump admits that his trade plans would result in higher prices for consumers.
-Safety regulators are probing the death of a man who crashed while using the autopilot feature on his Tesla.
PUERTO RICO MESS
-Puerto Rico is expected to default on $2 billion in bond debt payments today.
-A California jury has ordered Oracle to pay HP $3 billion because of damages to the Itanium server.
-President Obama is trying to forge a new partnership or understanding with Russia in Syria.
-Raytheon's troubled and over-budget ground GPS system for the US military has triggered a regulatory review.