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US futures were steady as Trump reveals his pick for FBI director

BY THE NUMBERS

U.S. stock futures were steady this morning after the Dow, S&P 500, and Nasdaq posted a second straight session of modest losses. Moving a bit further from their record high closes on Friday. The market is watching Washington and President Donald Trump revealed his pick for FBI director. (CNBC)

OECD forecast the global economy is on course for its fastest growth in close to six years but warned countries need to strive to do better. (CNBC)

The Energy Department signaled it's now more confident that U.S. oil production will rise to 10 million barrels a day next year, the highest average annual level on the books. (CNBC)

Interest rates fell to the lowest level since November 2016 last week, and the seasonally adjusted mortgage volume jumped accordingly, up 7.1 percent, according to the Mortgage Bankers Association. (CNBC)

Lenders and finance companies have dramatically pulled back the number of loans they issue to borrowers with the poorest credit records, falling to a 10-year low in the first quarter. (CNBC)

The Fed reports on April consumer credit at 3 p.m. ET. Total outstanding credit, a measure of non-real-estate debt, is seen rising $15 billion after advancing $16.4 billion. (WSJ)

Goldman Sachs (GS) is boosting its interest rates for savers to 1.2 percent. According to the FDIC, the average rate for savings accounts is 0.06 percent nationwide. (CNBC)

IN THE NEWS TODAY

President Trump tweeted this morning: "I will be nominating Christopher A. Wray, a man of impeccable credentials, to be the new Director of the FBI." During the George W. Bush administration, Wray oversaw the Enron Task Force.

Dan Coats, the top U.S. intelligence official, appears before the Senate Intelligence Committee today after it was reported President Donald Trump may have personally asked him to try to quash the FBI's investigation of former National Security Advisor Michael Flynn. (NBC News)

The day after a February meeting at which Trump allegedly asked then-FBI director James Comey to end an investigation of Flynn, Comey reportedly told Attorney General Jeff Sessions he didn't want to meet alone with the president again. (NY Times)

Comey's testimony tomorrow in front of the Senate Intelligence Committee is one of the most highly anticipated hearings in recent memory. But Comey's words are unlikely to surprise special counsel Robert Mueller, whose team has been in contact with the fired FBI director. (Politico)

As the White House braces for Comey's testimony, the relationship between Trump and Sessions has reportedly become so tense since Sessions recused himself from the Russian investigation that the attorney general at one point recently suggested he could resign. (ABC News)

President Trump today will unveil details of his plan to improve the nation's infrastructure, including inland waterways, during an afternoon speech in Cincinnati. (Dayton Daily News)

Senior administration officials told CNBC the Commerce Department will release its first report on "streamlining permitting and reducing regulatory burdens for domestic manufacturing" early next week.

Health insurer Anthem (ANTM) plans to effectively exit its Obamacare individual plan business in Ohio, leaving potentially 18 counties in the state with no insurer selling plans in 2018. (CNBC)

Attackers raided Iran's parliament and set off a suicide bomb at the Mausoleum of Ayatollah Khomeini in Tehran today, killing up to seven people in a twin assault at the heart of the Islamic Republic. ISIS claimed responsibility. (Reuters)

Less than a week after the London terror attack, British citizens vote tomorrow in the nation's general election, with investors watching the latest polls and moves in the currency markets for any indications on the outcome. (The Telegraph)

Spain's Banco Popular is facing a cash crunch and is likely to fail, declared the European Central Bank, which also announced the embattled lender will be acquired by Banco Santander as part of its rescue plan. (CNBC)

Uber fires more than 20 workers, including some senior employees, after an internal investigation into workplace culture and sexual harassment claims. The inquiry sparked by allegations in a blog post earlier this year by a former Uber engineer. (CNBC)

Speaking at Tesla's annual shareholders meeting, CEO Elon Musk said the electric automaker is "definitely" on track to begin production on the less expensive Model 3 sedan next month. He also dropped hints on the Model Y crossover and a semi-truck. (CNBC)

Pinterest, which develops visual search technology and allows users to save images on its website, raised $150 million from existing investors in its latest round of funding valuing the company at $12.3 billion. (Reuters)

STOCKS TO WATCH

Ambarella (AMBA) beat estimates on adjusted quarterly earnings and revenue. But the chipmaker, best known as a key supplier for camera maker GoPro (GPRO), warned on outlook.

The Justice Department has filed a friend-of-the-court brief in a lawsuit versus Wells Fargo (WFC) brought by two former employees who say they were fired for whistleblowing.

Sears (SHLD) is closing 66 stores, in addition to the 150 already announced this year, according to the Wall Street Journal. The closures involve 49 Kmart locations and 17 Sears stores.

Dave & Buster's (PLAY) exceeded estimates by 6 cents with adjusted quarterly profit of 87 cents per share. Revenue also beat. However, same restaurant sales fell short of consensus with a rise of 2.2 percent.

WATERCOOLER

Apple (AAPL) is planning to make it easier and quicker for customers to get broken iPhone screens fixed, putting its proprietary screen-fixing machines at about 400 authorized third-party repair centers. (Reuters)