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The Power Brief

US presidential candidate Donald Trump (R) and Mexican President Enrique Pena Nieto prepare to deliver a joint press conference in Mexico City on August 31, 2016.
Yuri Cortz | AFP | Getty Images
US presidential candidate Donald Trump (R) and Mexican President Enrique Pena Nieto prepare to deliver a joint press conference in Mexico City on August 31, 2016.

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

STOCKS/ECONOMY

-Stock futures are higher after yesterday's modestly down day. We get weekly jobless claims numbers this morning ahead of tomorrow's big August jobs number.

-Canada's economy shrank 1.6% in the second quarter. That's Canada's worst quarter in more than seven years.

OIL/ENERGY

-Crude prices are a bit down and holding at the $44/barrel level after yesterday's big losses.

-Gasoline prices held steady overnight at $2.22/gallon.

ELECTION

-Today's LA Times/USC poll shows Donald Trump leading Hillary Clinton by 2.6 percentage points. Other polls, including the latest Reuters and FOX News surveys, show the race at a virtual tie.

-After yesterday's meeting with Mexico's president in Mexico City, Trump returned to the US and gave a fiery speech on illegal immigration.

APPLE TAX WARS

-Apple CEO Tim Cook says Apple will repatriate billions of dollars back to the US from overseas next year. But he deftly did not specify just how many billions. He also called the EU's move to negate Ireland's low tax rates for Apple,"total crap."

DEALS/NO DEALS

-Twitter shares are on the rise again on new merger buzz.

TERROR/DEFENSE

-A new report says the US and other countries secretly agreed to allow Iran to avoid immediately adhering to last year's nuclear deal in order to give Tehran economic sanction relief faster.

-The Obama administration has decided to extend its bombing campaign against ISIS in Libya for another month.

-Allied bombing campaigns in the Middle East have been going on for so long, the Pentagon is now buying about 17,000 new bombs for our Middle Eastern allies from General Dynamics.

-The Obama administration confirms it will only approve a 1.6% pay raise for US troops.

EPIPEN WARS

-EpiPen maker Mylan has a bonus structure that only significantly rewarded executives who met very high profit margins.