GDP and FIFA election — 5 things to know today

Fortune

Hello friends and Fortune readers.

Wall Street stock futures are set to open lower, after weak GDP data from Europe set the stage for what’s expectedly to be more gloomy U.S. figures from the Commerce Department later. U.S, crude oil future are up on a report by Bank of America-Merrill Lynch saying the U.S. could lift its export ban within two years.

Today’s must-read story is by Fortune‘s Leena Rao and it looks at what updates to Google Play could mean in the battle between Google [fortune-stock symbol= »GOOG »] and Apple [fortune-stock symbol= »AAPL »] for a bigger slice of the mobile device market.

Here’s what else you need to know today.

1. FIFA election

The U.S. Justice Department and Swiss police just arrested nine FIFA officials of corruption, but that won’t stop soccer’s international governing body from holding its presidential election today. Fortunately, for incumbent Sepp Blatter, he was not one…

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