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The Power Brief

Meg Whitman, chief executive officer of Hewlett Packard (HP), on July 6, 2016.
Drew Angerer | Getty Images
Meg Whitman, chief executive officer of Hewlett Packard (HP), on July 6, 2016.

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

STOCKS/ECONOMY

-Stock futures are a bit down as the Dow is currently on a seven day losing streak.

OIL/ENERGY

-Crude prices are mostly flat but are still at the $39/barrel level. The much watched weekly inventory report comes out later this morning.

-Gasoline prices held at $2.12/gallon, national average.

ELECTION

-HP CEO and Republican Meg Whitman is endorsing Hillary Clinton.

-A source close to Donald Trump campaign manager Paul Manafort tells CNBC's John Harwood that Manafort has lost control of the campaign and is "mailing it in." The Trump campaign quickly refuted the story.

-Trump's lead over Clinton in the LA Times/USC poll is now just under two points.

-Trump is refusing to back Paul Ryan and John McCain in their primary battles.

OBAMACARE DEFECTION

-Aetna now says it's considering pulling out of participating in Obamacare and has already canceled plans to expand to five new states.

TERROR/DEFENSE

-The US airlifted $400 million in foreign currencies to Iran just as that country was releasing detained American Navy sailors.

-In a speech last night, Turkey's President Erdogan came very close to blaming the failed July 15th coup attempt on the United States.

-The US bombing campaign against ISIS in Libya is continuing and will now last weeks.

-Gun maker Sturm Ruger's sales are up 19%.

MOVING AMERICA

-More auto companies are offering bigger buyer incentives as the industry is showing signs of a sales plateau.

IMMIGRATION PROTEST

-An upscale British burger chain is being protested for complying with UK laws and checking the immigration documents of its workers. Protesters responded by releasing insects into one of the restaurants.\

EMPLOYMENT RULES

-Massachusetts has just become the first state to ban employers from asking job applicants about their salary history.

FOOD WARS

-A new UN report calls for taxing meat to cut down on consumption, (by the poorer people who won't be able to afford it).