Amy Morris

The S&P 500 up 7 tenths of a percent.

NASDAQ up a little more than 1%.

The Dow up about a half percent.

The 10-year Treasury yield at 4.05%.

The 2-year yield at 3.46%.

Bitcoin is now higher, 6.5% higher.

around $68,200.

And Kava Group gave a rosy outlook for 2026 and reported fourth quarter sales growth showing the Mediterranean chain is outperforming its fast casual rivals while bucking expectations for a slowdown.

Shares of Kava at this hour, about 24% higher.

Anthropic is scaling back its central safety policy, saying it will no longer delay AI development that could be dangerous if it thinks it's falling behind its competitors.

The company says the policy environment has shifted toward prioritizing AI competitiveness and economic growth, while safety-oriented discussions have yet to gain meaningful traction at the federal level.

Senator Elizabeth Warren is criticizing Defense Secretary Pete Hegseth for his threats against Anthropic.

Hegseth threatened to cut Anthropic out of the Pentagon's supply chain or to invoke the Defense Production Act unless Anthropic gave the military unfettered access to its AI model.

Warren, along with other Democrats, released a statement calling Hegseth's threat extortion.

Richmond Fed President Tom Barkin says if AI does disrupt business and the labor market, interest rate policy should not be used to counter that.

At an event in northern Virginia, Barkin says such disruption is part of the essence of capitalism.

He called it creative destruction, which he says has been happening for hundreds of years, and interest rate policy is not the answer.

Former Harvard University President Lawrence Summers will resign from teaching at the university.

He has taken a leave of absence that started last fall when Harvard investigated ties between the school, Summers, and Jeffrey Epstein.

The New York Times reports Summers, a Harvard economist, has also resigned as co-director of the Mosavar-Rahmani Center for Business and Government.