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The Power Brief

Student borrower looks for a job.
Jonathan Alcorn | Bloomberg | Getty Images

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


-Stock futures are basically flat after yesterday's mild rally. This morning we get the ADP private sector jobs report for June and the weekly jobless claims.

-Gold and Treasurys are flat.

-Orders for new heavy-duty trucks hit a nearly six-year low in June, indicating sluggish economic growth.


-Crude prices are up about 1% and close to the $48/barrel level. It looks like the oil and stock trade will be in tandem today.

-Gasoline prices fell overnight to $2.25/gallon, national average.


-Bernie Sanders is in talks to endorse Hillary Clinton.

-As expected, Attorney General Lynch announced yesterday that the Department of Justice will not charge Hillary Clinton on the email scandal.

-FBI Director James Comey will testify before Congress today about his decision not to recommend charging Hillary Clinton with a crime.


-JPMorgan could move thousands of jobs out of the UK in reaction to the Brexit vote.

-The second round of voting for the Conservative Party leader to replace PM David Cameron is today.


-Verizon is going to hike the cost of its wireless plans by about $10 a month. This comes after years of the industry having little-to-no pricing power.


-France's Danone is buying WhiteWave Foods for $12.5 billion.

-Roche is reportedly bidding $130-$150/share to buy Biomarin.


-The EEOC is investigating Google for ageism.

-Former Wall Street executive Andrew Caspersen has pleaded guilty to defrauding clients to the tune of $38.5 million. He blames a gambling addiction.


-Russia says its new Sunflower radar system can detect the stealth F-35 fighter.

-Israel and the US have successfully carried out a joint missile test using Israeli systems like "David's Sling," and "Arrow 3," and US systems like the Patriot and the THAAD.


-CBS plans to spin off its radio business.