The Power Brief
A daily morning look at the financial stories you need to know to start the day
STOCKS/ECONOMY
-Stock futures are down a bit after the indexes closed flat yesterday in reaction to the Fed's comments and decision to keep interest rates the same. Weekly jobless claims numbers come out this morning along with lots more earnings.
-Gold is up almost 1% in reaction to the Fed.
-The yield on the 10-year Treasury note is barely holding at 1.50%.
-One big stock to watch is Facebook, which posted strong earnings late yesterday. Mobile ad growth was most impressive.
OIL/ENERGY
-Crude prices are down again and at the $41/barrel level.
-Gasoline prices held at $2.14/gallon, national average.
ELECTION
-At the Democratic convention last night, President Obama gave a strong endorsement of Hillary Clinton and joined previous speakers Tim Kaine, Joe Biden, and Mike Bloomberg in slamming Donald Trump.
-But much of the evening and the day was dominated by Trump's comments about Russia and Hillary Clinton's missing emails. It was almost a total hijacking of the nation's attention from the Democrats.
-And the protests outside the convention got bigger and more violent.
-DNC voice mails were made public by Wikileaks last night, revealing some more embarrassing details of the party's inner workings and treatment of VIP donors.
MOVING AMERICA
-Boeing says it may stop production of the 747.
-The Insurance Institute of Highway Safety says red light cameras do save lives.
DEFENSE
-Boeing has made a $1 billion deal with India to sell that county four P-8I naval patrol aircraft.