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The Power Brief

A worker walks past a drilling rig of the Rosneft-owned Prirazlomnoye oil field outside the West Siberian city of Nefteyugansk, Russia.
Sergei Karpukhin | Reuters

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


-Stock futures are a bit higher as the markets eye oil prices. The PMI and ISM non-manufacturing reports come out later this morning.


-Crude prices are starting to lose their momentum as enthusiasm over this weekend's Saudi-Russian deal wanes. Brent is already back in the red and WTI is giving back much of its gains at the$44/barrel level.

-Gasoline prices fell a penny overnight to $2.19/gallon, national average.


-Today's LA Times/USC poll has Donald Trump leading Hillary Clinton by about one point. The NBC News/Survey Monkey weekly poll has Clinton ahead by four points.

-With questions about her health already out there, Clinton had another prolonged coughing fit at the start of a rally in Cleveland yesterday and then had to cut short an informal talk with reporters on her campaign jet when the problem returned.

-Trump blasted what he called the "false economy" last night, saying that interest rates will have to go up.

-Thousands of pages of Clinton's official records will be released in the coming weeks.

-Less than two weeks after Trump was excoriated for suggested the election results could be rigged, Clinton is now suggesting the Russians could try to hack voting machines.


-Bayer is raising its offer to buy Monsanto to more than $65 billion.

-Danaher is buying the molecular diagnostic company Cepheid for $4 billion.

-Intel is buying computer chip maker Movidius, which specializes in the tech used to make driverless cars and Virtual Reality.


-Tomorrow is the big day for the unveiling of the new iPhone 7, but advance reports are already pouring cold water on the extent of new features it will have.


-Israel Space Communication is asking for either $50 million or a free satellite launch from SpaceX as compensation for the explosion that destroyed its satellite last week.


-London's City airport was closed this morning as Black Lives Matter protesters occupied the runway.


-Thanks to a massive influx of refugees and migrants into Germany, welfare costs doubled in 2015.


-Boeing has reportedly received $2 billion in bonuses from the Pentagon for a ground based missile system that doesn't seem to work.

-The Pentagon has pulled a $5 billion contract from a former subsidiary of Lockheed Martin to maintain nuclear weapons based in Nevada. The reason is Lockheed sold the subsidiary to Leidos and the Defense Department was not alerted.

-The Air Force continues to suffer from a shortage of drone pilots. So, reconnaissance drone flights are often being piloted by outside contractors.


-Israeli PM Benjamin Netanyahu is considering holding peace talks with Palestinian President Mahmoud Abbas in Moscow, side-stepping the US and President Obama.