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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 down as some renewed post-Brexit negative sentiment is back into the market.

-The yield on the 10-year Treasury bond is all the way down to a record low of 1.38%.

-The pound is at a 31-year low vs. the dollar.

-Gold is back up near a 2-year high at the $1,351 ounce level.

-The Bank of England is cutting banks' capital requirements in response to some Brexit fears.

OIL/ENERGY

-Crude prices are down 2% and back down to the $47/barrel level.

-Gasoline prices continue their recent drop. The national average price is now $2.26/gallon.

-The US now has more oil reserves than Saudi Arabia or Russia.

ELECTION

-With 13 days before the GOP convention, Donald Trump seems to be narrowing down his running mate choices. Over the holiday weekend, he met with Indiana Gov. Mike Pence and Iowa Sen. Joni Ernst.

-Two polls released over the weekend show the continuing tightening trend in the race. The Gravis poll gives Hillary Clinton a 2 point lead while USA Today has Clinton ahead by 5 points. Clinton had been ahead in the previous versions of those polls by 4 points and 11 points, respectively.

-Trump's populist message on trade is scaring the Clinton camp and big Labor leaders who are worried he will siphon an unusual amount of union voters for a Republican.

-Pres. Obama will join Hillary Clinton on the campaign trail for the first time today. Trump is bashing the White House for using Air Force One and costing the taxpayers to campaign.

MOVING AMERICA

-Tesla has missed its vehicle delivery target for the second straight quarter.

TERROR/DEFENSE

-This particularly lethal month of Ramadan terror is wrapping up with a series of bombings in Saudi Arabia.

-Investigators are still trying to figure out the facts behind the explosion in Central Park this weekend that cost a visitor his leg.

-Senators John McCain and Lindsey Graham are warning against drawing down troop levels in Afghanistan.

HACKING WARS

-A federal task force is inviting Israeli companies to help the US fight hacking attacks on government and business servers.

-Infidelity website Ashley Madison is now facing an FTC probe connected to its devastating hack last year and some of its other business practices.