The Power Brief

Former Presidential candidate and US Senator Bernie Sanders waves during Day 1 of the Democratic National Convention at the Wells Fargo Center in Philadelphia, Pennsylvania, July 25, 2016.

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


-Stock futures are flat after yesterday's down day. Loads of the biggest name companies report earnings today.

-The Fed begins its two day meeting today with its rate announcement coming tomorrow.


-Crude prices are down to the $42/barrel level and concerns are growing that a new prolonged downturn is coming.

-Gasoline prices fell another penny overnight to $2.15/gallon, national average.


-After a day of protests and moments where every speaker was booed at some point, Senator Bernie Sanders again endorsed Hillary Clinton in his speech at the Democratic National Convention.

-During her speech, Senator Elizabeth Warren solidified her role as chief attack leader against Donald Trump.

-Michelle Obama also heaped praise on Mrs. Clinton in her primetime convention address.

-Wikileaks founder Julian Assange says there's no proof the Russians are behind the hacking of the DNC emails.


-Two Islamic terrorists took hostages in a French church and killed a priest before they were shot dead. The terrorists shouted pro-ISIS slogans during the attack.


-AB InBev is raising its bid for SAB Miller to reflect the drop in value of the British pound.


-Amazon is working with the U.K. government to test drone deliveries in rural and suburban areas. This is something the US government has blocked Amazon from doing here.


-Long term projected returns for US public pension plans have dropped to the lowest levels ever.