Power Lunch Morning Brief
A daily morning look at the financial stories you need to know to start the day
BREAKING: Brussels is in lockdown mode after explosions at its airport and on its subway system have left several dead. This comes just a few day after the capture of the remaining Paris attack bomber.
STOCKS/ECONOMY
-Stock futures are lower in reaction to the Brussels bombings.Travel-related stocks are taking a big hit.
OIL/ENERGY
-Crude prices are flat right now and holding at the $41/barrel level.
-Gasoline prices held overnight at $1.98/gallon, national average.
-A major European chemical company is about to take delivery of US exported shale oil.
APPLE/FBI
-The latest court hearing on the FBI's battle to get Apple to unlock the San Bernardino terrorist's iPhone has been postponed now that the FBI says it may have found a way into the phone by itself.
ELECTION
-The Arizona and Utah primaries are today.
-Donald Trump met with Republican Congressional leaders in Washington yesterday, hoping to get them to embrace his candidacy.
-Marco Rubio has rejected, at least so far, an offer to join Ted Cruz in a unity ticket.
-After giving $520 million so far to failed candidates, will GOP donors have any energy left for the general election?
DEFENSE
-Russia is deploying nuclear submarines very close to the US coast.
-The Pentagon is cutting its procurement budget for 2017.
DEALS/NO DEALS
-Sherwin Williams is buying smaller paint rival Valspar for $11.3 billion.
ANDY GROVE
-Holocaust survivor-turned-CEO of Intel Andy Grove died yesterday at age 79. The tributes to Grove from the biggest names in tech are pouring in on social media.
OBAMACARE
-The White House is set to tout a series of non-partisan changes to Obamacare, including some waste reduction plans.
FANTASY FIZZLE
-Fantasy sports sites FanDuel and DraftKings are shutting down in New York State.
TRADING RULES
-In a move that could spread to other markets around the world, Israel has completely banned trading in binary options.
DEUTSCHE WOES
-Moody's warns it may cut Deutsche Bank's credit rating