Group 1: Federal Reserve Leadership - Current Treasury Secretary Scott Bessent is a potential candidate to replace Jerome Powell as Fed Chair, but may face significant opposition [1][2] - The Fed Chair position is designed to be independent from presidential influence, complicating Bessent's candidacy given President Trump's criticisms of Powell [2] - Jerome Powell has stated he will complete his term, which does not end until May 2026 [2] Group 2: US-China Trade Relations - US and China trade representatives are engaged in ongoing talks in London, with positive progress reported on technology and rare earth exports [3] - The US and India are nearing an interim trade deal after four days of negotiations [3] Group 3: Tesla Developments - Tesla's stock has faced volatility, with a significant drop of $150 billion in market cap in a single day, but shares are rebounding as issues appear to be resolving [5] - A driverless Tesla Model Y robotaxi was spotted in Austin, Texas, marking a significant milestone for the company [8] - Elon Musk has retracted his criticisms of Trump, which coincided with a bounce in Tesla's stock [8] Group 4: Inflation and Economic Indicators - Despite ongoing trade negotiations, inflation numbers are reportedly moving in a positive direction, with the Consumer Price Index (CPI) set to be released for further insights [9]
News Moving Wall Street: New Fed Chair? Also Tesla Robotaxi Hits Austin