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

STOCKS/ECONOMY

-Stock futures are solidly down after yesterday's 100+ point loss for the Dow and big losses overnight in the Asian markets. Brexit fears continue.

-The British pound fell as low as $1.27 overnight.

-The yield on the 10-year Treasury bond is still falling. Earlier this morning it fell all the way down to 1.33%.

-Gold is at its highest level since March, 2014 at $1,376/ounce.

-Deutsche Bank says the narrowing difference between long term and short term interest rates, (the yield curve), proves that a recession is coming sometime in the next 12 months.

SOCCER SHOCK

Soccer superstar Lionel Messi and his father have been convicted in a Spanish court for tax evasion and sentenced to 21 months in prison.

OIL/ENERGY

-Crude prices are down more than 1% and now at the $45/barrel level after yesterday's big losses.

-Gasoline prices held overnight at $2.26/gallon, national average.

-Delta Airlines is taking a $450 million loss on a bad bet that jet fuel prices would rise more.

ELECTION

-Despite the FBI's recommendation not to indict Hillary Clinton, the message from most of the news media this morning is that Director Comey's rebuke of Mrs. Clinton casts a cloud on her campaign.

-The story is also fueling Donald Trump's accusation that the Clintons are taking advantage of a rigged system. He's even accusing them of bribing Attorney General Lynch.

-Hillary Clinton is coming to Atlantic City today to blast Donald Trump's casino business record.

-Focusing all their firepower on Trump, the Democrats are going to begin their TV ad campaign much earlier than ever.

TESLA TROUBLES

-Tesla waited nine days to tell regulators about its autopilot crash in May.

DEALS/NO DEALS

-Medivation looks like it's warming up to Sanofi's takeover offer.

DEFENSE

-A big reason for the drop in US factory orders in May was a big fall in orders for military aircraft.

-The Marines are now allowing heavier men and women to enlist.