Amy Morris

And the two-year yield...

at 3.98%.

WTI now topping $101 a barrel.

Brent crude is more than $105 a barrel.

Ford shares about 7% higher.

The automaker shares still rising after a Morgan Stanley note highlighted Ford's energy storage business and potential tie-ups with hyperscalers.

Cisco shares jumped after that company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs to focus on the fast-growing AI market.

Shares of Cisco have jumped 13 percent.

Kansas City Fed President Jeff Schmidt says the fundamentals of the economy are sound, but inflation still too high, and that geopolitical developments continue to create uncertainty.

Schmidt spoke at an event hosted by the Kansas City Fed.

Now that the Senate has narrowly confirmed Kevin Warsh as chair of the Fed, Warsh is expected to be sworn in soon after outgoing chair Jay Powell's term expires tomorrow.

Powell has said he will remain on the board.

Fed Governor Stephen Myron tells Bloomberg surveillance that could help create a smooth transition for Warsh.

Hear more from Fed Governor Stephen Myron on the Bloomberg Talks podcast.

Sources tell Bloomberg a group led by Silver Lake executive Egon Durbin is acquiring 25% of the Las Vegas Raiders.

The equity being sold is from minority investors and not the controlling owner, Mark Davis.

When the deal closes, the consortium is expected to own close to 40% of the team.

Round one of the PGA Championship is underway at Aaron Emmett Golf Club.

At last check, Aldrich Potgeeter sits atop the leaderboard.

That's news when you want it with Bloomberg News Now.