>> I AM KATIE GREIFELD. BLOOMBERG REAL YIELD STARTS RIGHT NOW. KATIE: COMING UP, PRESIDENT DONALD TRUMP ANNOUNCES HIS LONG ANTICIPATED PICK TO LEAD THE FEDERAL RESERVE AS ONE KEY REPUBLICAN LAWMAKER DOUBLES DOWN ON HIS COMMITMENT TO BLOCK THE PRESIDENT'S BID.JANUARY HIGH-GRADE SALES COME IN AS ONE OF THE BUSIEST MONTHS, EVER. WE BEGIN WITH THE ISSUE. THE FUTURE OF THE FED UNDER KEVIN WARSH.>> INVESTORS KNOW HIM. THEY ARE COMFORTABLE WITH HIM. >> I THINK THE PRESIDENT HAD ARRANGE A OF BETTER CHOICES. I THINK ...

And a good Friday morning to you. We're following some breaking news. >> A major change in the works at the Federal Reserve.It is January 30th. This is today. Breaking news.President Trump tapping his replacement for Chairman Jerome Powell at the Fed just moments ago. A former member of the board, Kevin Worsh. What the White House is saying about his pick and the potential impact on what you pay.Here it comes. Another major storm taking aim at millions this weekend. Parts of the south still coping with ice ...

Market Overview - The S&P/TSX composite index decreased by 992.37 points, closing at 32,023.76 [1] - The Dow Jones industrial average fell by 529.07 points to 48,542.49, while the S&P 500 index dropped by 55.96 points to 6,913.05, and the Nasdaq composite declined by 225.71 points to 23,459.41 [2] Gold and Metal Prices - The April gold contract saw a significant decline of US$348.80, settling at US$5,006.00 per ounce, although gold prices have increased by over 70% in the past year [1] - The decline in metal prices is attributed to the announcement of Kevin Warsh as the new U.S. Federal Reserve chair, which strengthened the U.S. dollar and led to a selloff in gold and other metals [2][3] Federal Reserve Influence - The leadership of the Federal Reserve has a substantial impact on the economy and global markets, particularly regarding interest rate decisions that affect investment prices [3] - Concerns exist that President Trump's influence may compromise the Fed's independence, which has historically allowed it to make difficult decisions to address long-term economic issues like inflation [5] Technology Sector Impact - Large technology companies, particularly Microsoft, have contributed to market declines, with Microsoft experiencing a 10% selloff despite reporting stronger-than-expected earnings [6] - Investors are focusing on Microsoft's investment spending rather than its profit and revenue performance, indicating a shift in market sentiment towards tech stocks [6] Currency Exchange - The Canadian dollar traded at 73.69 cents US, a slight decrease from 73.99 cents US the previous day [6] Oil Prices - The March crude oil contract increased by 26 cents, reaching US$65.68 per barrel [7]

Shares of miner Barrick Mining Corporation (NYSE: B), previously known as Barrick Gold, fell 9.8% on Friday as of 12:30 p.m. EDT. Barrick reports earnings next week, and there wasn't any company-specific news today. That means the stock's decline was likely due to the 9% drop in gold prices today as of that time. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Gold tends to be viewed ...

President Trump said Friday he had not asked his Fed Chair pick Kevin Warsh to commit to cutting interest rates.“I don’t want to ask him that question,” Trump said. “I think it’s inappropriate, probably” https://t.co/B2qHbwSzOm https://t.co/28JfhOHCXE ...

Did Kevin Marsh commit to you that he will push to cut interest rates if he is confirmed. >> No. But we talk about it and I've been following him and I don't want to ask him that question.I think it's inappropriate. Probably it probably would be allowed, but I want to keep it nice and pure. But he certainly wants to cut rates.I've been watching him for a long time. >> Did you have any concerns about his hawkish history of pushing for rate hikes. >> He's going to want to do the same thing.I think that yeah, ...

Colombia raised interest rates for the first time since 2023 as a record minimum wage increase stokes inflation pressure https://t.co/OAA2P2JTg9 ...

LATEST: Polymarket users are predicting a 92% chance that the Federal Reserve will make "no change" to interest rates in March. https://t.co/WWaFD6iGuE ...

Core Viewpoint - The article discusses the potential appointment of Kevin Warsh to the Federal Reserve, emphasizing the need for a change in the Fed's approach to economics and monetary policy [1][2]. Group 1: Kevin Warsh's Background and Views - Kevin Warsh, a former Fed governor, is seen as a maverick who advocates for a significant overhaul of the Federal Reserve's operations and policies [1][2]. - Warsh has previously expressed skepticism regarding the Fed's extensive use of its balance sheet, which has expanded to nearly $9 trillion, arguing for a smaller balance sheet approach [3][4]. - His hawkish stance on monetary policy could lead to upward pressure on interest rates, which may not align with the preferences of President Trump [4]. Group 2: Political Dynamics and Support - Trump's support for Warsh is partly influenced by Warsh's family connections to the Lauder family, which has ties to Trump [5]. - The article suggests that Warsh's appointment could lead to a more contentious environment within the Fed, with potential for dissenting opinions on policy decisions [7]. Group 3: Challenges Ahead for the Fed - The current Federal Open Market Committee (FOMC) is characterized by a mix of hawks and doves, making consensus-building a challenging task for the next Fed Chair [8]. - The article notes that the incoming data makes it difficult to assess whether current monetary policy is restrictive, neutral, or otherwise [6].

Did Kevin Warsh commit to you that he will push to cut interest rates if he's confirmed. So but we talk about it, and I've been following them and I don't want to ask him that question. I think it's inappropriate.Probably probably would be allowed, but I want to keep it nice and pure. But he certainly wants to cut rates. I've been watching him for a long time.Did you have any concerns about his hawkish history of pushing for rate hikes. He's going to want to do the same thing, I think. Yeah.I've had times w ...