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The Power Brief

he family of Republican Presidential candidate Donald Trump celebrate, after his nomination speech to the Republican National Convention on Thursday, July 21, 2016.
Toni L. Sandys | The Washington Post | Getty Images
he family of Republican Presidential candidate Donald Trump celebrate, after his nomination speech to the Republican National Convention on Thursday, July 21, 2016.

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

STOCKS/ECONOMY

-Stock futures are up a bit after yesterday's losses ended a long winning streak for the Dow. The big Econ data this morning is manufacturing PMI. Earnings will be out for GE and American Airlines.

ELECTION

-Donald Trump's GOP convention speech was filled with promises to fix the economy, but a return to Law and Order and national security were the most oft-repeated messages of the address.

-Ivanka Trump introduced her father, but not before promising that he would advance the cause of working women and moms. She used rhetoric and hinted at policies that are to the left of historic Republican positions.

-Another somewhat groundbreaking moment was when the convention crowd cheered Donald Trump's promise to better protect the LBGT community. Trump responded by saying: "as a Republican, it's so nice to hear you cheering that."

-Openly gay tech billionaire Peter Thiel spoke about how the "fake culture wars" are distracting us from America's economic decline.

-Hillary Clinton could name her VP running mate today. New Jersey Senator Cory Booker is reportedly a surprise new entry on her list of finalists.

-The Democratic National Committee has asked a judge to allow it to keep its convention donor list secretuntil after the convention.

OIL/ENERGY

-Crude prices are flat and back to the $44/barrel level. Nat gas is back to $2.68.

-Gasoline prices fell another penny overnight to $2.17/gallon, national average.

TERROR/DEFENSE

-French prosecutors say the Nice truck driver killer planned his attack a year ago and had accomplices.

-Turkey is ramping up the pressure on the US to extradite the Islamic cleric it says instigated last week's bloody failed coup.

-The US Navy's new $12.9 billion super carrier is reportedly riddled with problems and is thus having its deployment delayed.

AILES OUT

-Now that Roger Ailes has been forced out at Fox News, an executive shake-up throughout 21st Century Fox is likely.

NBA MOVE

-North Carolina's controversial transgender bathroom law has prompted the NBA to pull its 2017 All-Star Game from Charlotte.