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.
Saul
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

STOCKS/ECONOMY

-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.

OIL/ENERGY

-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.

ELECTION

-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.

TERROR/DEFENSE

-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.

DEALS/NO DEALS

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

TECH WARS

-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.

PENSION TIME BOMBS

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