×

The Power Brief

A man pumps gas into his car at a Chevron gas station in Albuquerque, New Mexico.
Sergio Flores | Bloomberg | Getty Images
A man pumps gas into his car at a Chevron gas station in Albuquerque, New Mexico.

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

STOCKS/ECONOMY

-Stock futures are down mostly on the heels of cooling oil prices. Investors are also waiting on Fed Chair Janet Yellen's speech at Jackson Hole later this week.

-Fed Vice Chair Stanley Fischer says the economy is close to hitting the Fed's targets for employment and inflation.

OIL/ENERGY

-Crude prices are down about 3% to the $47/barrel level.

-Gasoline prices have risen four cents in the past week to $2.16/gallon, national average.

ELECTION

-Donald Trump's recent pivot to a more mainstream message continued over the weekend as he met with Latinos to discuss a specific immigration plan that would go beyond only focusing on deportation.

-Trump leads Hillary Clinton by one point in the LA Times/USC poll.

DEALS/NO DEALS

-Pfizer is buying cancer drug firm Medivation for almost $14 billion.

-US regulators have cleared ChemChina's $44 billion takeover of Sygenta.

BONUS SHOCKER

-A top UK investment firm is scrapping bonuses, saying they can lead to 'wrong behaviors.'

TERROR/DEFENSE

-Germany may warn its public to stockpile food and water in case of terror attack.

-The US military's Tricare program is now covering costs related to transgender treatment options.

-Lockheed Martin has won a $10 billion contract to build new C-130J Super Hercules aircraft.

-Iran has unveiled its new domestically-made missile defense system.

TECH WARS

-Oracle is funding an anti-Google group that focuses on publicizing Google's lobbying and cozy relationships in Washington.

POT PAIN

-A new study shows that marijuana legalization has made the poor poorer.

-That result was predicted over two years ago right here on CNBC.com.