Amy Morris

Central Command, testified before the Senate Armed Services Committee saying that Iran's missile, drone, and naval capabilities have been severely damaged by Operation Epic Fury.

Admiral Cooper also told the committee that recent reports about Iran retaining 70 percent of its missile capability are not accurate.

Now that the Senate has narrowly confirmed Kevin Warsh as chair of the Fed, Warsh is also 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.

Myron will be stepping down as Fed governor once Warsh is sworn in.

You can hear more from Fed Governor Stephen Myron on the Bloomberg Talks podcast.

Retail sales rose at a slower pace in April, suggesting high gasoline prices prompted some consumers to temper their spending at other merchants.

Thanks for having me.

Shares of Cisco gaining 13% in regular trading.

NVIDIA shares rose, extending a 20% rally over the past seven days as investors plow into the chip makers, profiting from a flood of investment spending on AI.

Shares of NVIDIA around 5% higher in regular trading.

And round one of the PGA Championship is underway at Aronam at Golf Club.

And at last check, there is a seven-way tie for the top of the leaderboard.

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

I'm Amy Morris, and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Amy Morris.

China's President Xi Jinping warned President Trump against interfering with Taiwan, saying that it could lead to a, quote, highly dangerous situation for both China and the U.S.

It is the most blunt language Xi has used on the subject.