Amy Morris

The Dow up a little less than 1%.

The Russell 2000 Index up 1.6%.

The 10-year Treasury yield at 4.3%.

And the 2-year yield at 3.78%.

Bitcoin is up less than 10%, near $69,000, and we're watching Nike shares now down 14%.

Shares fell after the company gave a gloomy outlook for the coming year, with revenue expected to decline 2-4% in the current quarter.

Nike CEO Elliot Hill expressed his frustration to staff during an all-hands meeting, saying that he's tired of talking about fixing the business, and he wants to inspire and drive growth and have fun.

St.

Louis Fed President Alberto Masalem says risks are rising to both inflation and employment, and officials should be ready to adjust interest rates in either direction, depending on how the economy evolves.

Musallam says he supports the central bank's decisions to hold interest rates steady so far this year with a base case of stable unemployment, economy growth close to potential, and underlying inflation declining toward 2 percent later this year.

Fed Governor Michael Barr says the longer the Iran conflict continues, the greater the risk of an impact on both U.S.

growth and inflation.

Barr made the remarks at an event hosted by the National Fair Housing Alliance.

The FDA has approved a new weight loss pill from Eli Lilly called Foundeo.

Shares of Eli Lilly are more than 4% higher.

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

I'm Amy Morris and this is Bloomberg.

The case, Trump v. Barbara, tests a long-settled interpretation of the Constitution that has governed citizenship for generations.

The ACLU arguing that the executive order violates the 14th Amendment.

The Trump administration arguing that jurisdiction refers to political allegiance.