×

The Power Brief

Americans prefer to put long-term investments in cash.
Andrew Harrer | Bloomberg | Getty Images
Americans prefer to put long-term investments in cash.

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

STOCKS/ECONOMY

-Stock futures are lower after yesterday's record highs for the Dow and S&P 500. We get the CPI inflation report and housing starts numbers this morning.

-The dollar is down at a one-month low vs. the yen.

-Billionaire investor George Soros is cutting his stake in gold, but increasing his bet against the S&P 500.

-Warren Buffett's Berkshire Hathaway is raising its stake in Apple by 55%.

OIL/ENERGY

-Crude prices are up again today and back at the $46/barrel level.

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

-Wyoming wants to raise its tax on wind energy. The move could kill a massive wind energy project in the state.

ELECTION

-Donald Trump is calling for an 'ideological screening test' and 'extreme vetting' for immigrants.

-Carl Icahn and Mark Cuban went back and forth on Twitter yesterday as Icahn defended Trump and his promises to reduce regulations. Cuban kept on bashing Trump.

-Hillary Clinton continues to lead Donald Trump by three points in the LA Times/USC poll.

OBAMACARE EXODUS

-Aetna is cutting back its participation in Obamacare plans by a whopping 70% for 2017.

EARNINGS PAIN

-The world's largest mining firm, BHP Billiton, has recorded its worst loss in its history: $6.4 billion on the year.

-Shares in Celestial Seasoning maker Hain Celestial are falling hard after the company announced it will have to delay its earnings report because of problems in gathering its data.

TERROR/DEFENSE

-The Pentagon has announced the single largest transfer of inmates out of Guantanamo prison. 15 of them are going to the United Arab Emirates.

-Russian heavy bombers are now using an Iranian air base to attack ISIS in Syria.

-Poland is close to buying a Patriot Missile defense system from Raytheon for $5.5 billion.

MOVING AMERICA

-The Justice Department has reportedly found evidence of criminal acts by VW in its emissions scandal investigation.

-Despite its nasty internal legal dispute, Hyperloop One is expanding to other countries and is looking to use its technology to ship cargo as well as people.