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The Power Brief

Police officers speak with a soldier after the Nice attack.
Valery Hache | AFP | Getty Images
Police officers speak with a soldier after the Nice attack.

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

BREAKING: The FTC has determined Herbalife is not a pyramid scheme. Herbalife shares are soaring in the pre-market.

STOCKS/ECONOMY

-Stock futures are flat this morning after yesterday's rally to another set of all-time highs. European markets are lower, but not very much lower, in the wake of the terror attack in Nice.

-Citigroup and Wells Faro post earnings today.

-China's second quarter economic growth has beaten expectations.

-A new report shows that US venture capital investment rebounded in the second quarter.

NICE ATTACK

-A terror attack in Nice, where a man drove into large crowds watching the Bastille Day fireworks with a tractor trailer for about a mile, has left 84 people dead. The now-dead suspect was a 31-year-old French resident born in Tunisia.

OIL/ENERGY

-Crude prices are down to the $45/barrel level.

-Gasoline prices rose a bit overnight to $2.22/gallon, national average.

-BP's bill for the 2010 Gulf of Mexico oil spill is now $61.6 billion.

DEALS/NO DEALS

-Verizon is getting even closer to winning the bidding for Yahoo's core assets.

-Monsanto is expected to reject Bayer's sweetened offer.

ELECTION

-Because of the Nice attack, Donald Trump is postponing his VP choice announcement event. But several reports confirm it's Indiana Gov. Mike Pence.

-In a series of late night votes, the RNC defeated efforts to unbind Trump delegates and allow them to vote for someone else.

-Donald Trump leads Hillary Clinton 43% to 40% according to a new national tracking poll from USC/LA Times.

-The new WSJ/NBC/Marist poll shows Hillary Clinton ahead in North Carolina, Florida, Virginia, and Colorado.

-Congressional Democrats aired serious concerns about Hillary Clinton's weakening poll numbers overall in a meeting with her on Capitol Hill yesterday.

DEFENSE

-Defense Secretary Ash Carter says he will support a threatened veto by President Obama unless Congress makes changes to the defense bill. The Pentagon opposes the bill's calls for retaining troop levels and giving all troops a bigger pay raise.