Top Stories
Top Stories

The Power Brief

Lionel Messi of FC Barcelona shoots at goal during the La Liga match between Club Atletico de Madrid and FC Barcelona at Vicente Calderon Stadium on September 12, 2015 in Madrid, Spain.
Getty Images

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


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


-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.


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


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


-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.