Power Lunch

Monday - Friday, 2:00 - 3:00 PM ET

Power Lunch

The Power Brief

Didi Chuxing's mobile application.
Qilai Shen | Bloomberg | Getty Images

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

STOCKS/ECONOMY

-Stock futures are just a bit higher.

-Jeff Gundlach says so many stock sectors look like they're in a bubble that he's holding on to gold and selling just about everything else.

OIL/ENERGY

-Crude prices are down and very close to breaking below the $41/barrel level.

-Gasoline prices fell to $2.13/gallon, national average. That's 15 cents/gallon less than a month ago today.

ELECTION

-The Trump campaign is complaining about two of the three debates being scheduled opposite nationally televised NFL games.

-The Koch Foundation is trying to beat back accusations that it's backing Hillary Clinton simply by not helping to fund Donald Trump's campaign.

-Donald Trump's lead in the LA Times/USC poll is holding at 4 points over Hillary Clinton for two days in a row. It had been a seven point Trump lead mid-week.

-The back and forth between Trump and the father of a Muslim American soldier killed in Iraq continues. Trump reminded everyone that Hillary Clinton voted for the Iraq war, while the father insisted that terrorism has nothing to do with Islam.

DEALS/NO DEALS

-Taxi app rival Didi Chuxing is buying Uber's China business in a massive $35 billion deal.

-Tesla and SolarCity have announced their all stock merger agreement.

-A group of Chinese investors including Alibaba are buying Israeli mobile casino gaming company Playtika for $4.4 billion.

MOVING AMERICA

-GM's President for North America is not expecting sales to slow down just yet despite some sobering numbers recently from Ford.

TERROR/DEFENSE

-A Russian helicopter has been shot down in Syria.

-German Chancellor Angela Merkel is under fire after the many Islamic terror attacks in that country. Protests are growing in number and a key coalition ally has pulled support for her immigration policy.