Futures Slip Ahead of Earnings; Bessent Calls for Federal Reserve Review | Bloomberg Brief 7/22/2025

IT IS 5:00 A.M. IN NEW YORK CITY. I AM DANI BURGER WITH YOUR BLOOMBERG BRIEF. TREASURY SECRETARY SCOTT BESSENT CALLS FOR AN EXHAUSTIVE REVIEW OF THE FED'S BUILDING RENOVATIONS AS CHAIR POWELL IS SET TO SPEAK LATER THIS MORNING. THE S&P 500 NOT JUST ANOTHER RECORD AHEAD OF A BUSY DAY AND WEEK OF EARNINGS. IT IS 20% OF THE MARKET CAP THAT WILL BE REPORTING. INTO THAT, WE HAVE A SLOW SUMMER MELT UP. THINGS HAVE BEEN MOVING ONLY -- AND ONLY 8% OF THE S&P 500 HAVE REACHED A HIGH. A LITTLE BIT WEAKER. S&P FUTU ...