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The Power Brief

A 'now hiring' sign is posted outside of a Ross Dress for Less store in San Francisco.
Getty Images
A 'now hiring' sign is posted outside of a Ross Dress for Less store in San Francisco.

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

STOCKS/ECONOMY

-Stock futures are higher ahead of this morning's July jobs report. The consensus expectation is for 180K net new jobs added.

-But economist/bond expert Peter Boockvar is expecting the number to come in weaker as he sees many signs of an economic slowdown underway.

-Ahead of the jobs report, the yield on the 10-year Treasury is back below 1.5%.

OIL/ENERGY

-Oil is giving up some of its gains from yesterday, but is still holding on to the$41/barrel level.

-Gasoline prices rose slightly overnight back to $2.12/gallon, national average.

-A new report says cheap oil prices have killed 200K US jobs. (Full report here):

ELECTION

-In the LA Times/USC poll, Trump and Clinton remain tied for the second straight day. The new NBC/WSJ poll gives Clinton a nine point lead.

-And a new poll also shows that more voters want Democrats to control Congress.

TRADE

-House Speaker Paul Ryan says there's no point in trying to pass the TPP trade deal in the lame duck Congress that will convene after the election. That means unless Hillary Clinton or Donald Trump change their minds on it, the TPP seems dead for at least the next four years.

ZIKA HOPE

-An anti-Zika vaccine is working on monkeys, bringing hope to those fighting and fearing the virus.

TERROR/DEFENSE

-President Obama is insisting the $400 million cash payment to Iran just as our Navy sailors was released was not a ransom.

-Lockheed Martin may move its lone production line for the F-16 from Texas to India.

-Indonesia has arrested six people accused of trying to launch a terrorist rocket attack against Singapore.

-The US is reportedly not likely to hand a Turkish Imam over to Turkey that the Erdogan government blames for inciting last month's failed coup.

MOVING AMERICA

-Another Google self driving car has crashed. This time in Los Angeles.