A daily morning look at the financial stories you need to know to start the day
-Stock futures are higher this morning after yesterday's new all-time high close for the S&P 500.
-The yield on the 10-year Treasury note has rebounded to 1.48%.
-Crude prices are up 2% to the $45/barrel level.
-Gasoline prices fell another penny overnight to $2.22/gallon, national average.
-A Hague tribunal has ruled China's economic South China Sea claims are unfounded. This is a win for the Philippines and US policy.
-Hillary Clinton's lead over Donald Trump is down to three percentage points in the latest NBC News poll. It was a five point lead last week.
-Bernie Sanders will campaign with and endorse Hillary Clinton today.
-President Obama is calling for a government-run public option within the Affordable Care Act.
TOO BIG TO JAIL?
-A new Congressional report says the Justice Department chose to settle a money laundering case with HSBC because it thought it was essentially too much of a risk to the financial system to prosecute the bank.
-The SEC is reportedly probing Tesla for not reporting the deadly crash of one of its cars in autopilot mode quickly enough.
CAR LOAN FEARS
-Top US regulators are voicing concerns about the explosion of riskier and more expensive car loans.
-The US Chamber of Commerce says California's too many labor regulations and "worker protections" are hurting the state's economy.
-Iranian gun boats came provocatively close to a US warship in the Straits of Hormuz yesterday.
-The robot used to kill the Dallas cop killer is made by Northrop Grumman. It sells for $151,000.
-Raytheon CEO Thomas Kennedy says Iran and ISIS are fueling increased demand for his company's missile systems. He expects revenues from that division to grow 3% to 5% this year to near the $25 billion mark.