Caroline Hepker

News when you want it with Bloomberg News Now.

I'm Caroline Hepker.

Bloomberg understands that the Trump administration is preparing for the president to nominate Kevin Walsh as the next chair of the Federal Reserve.

Donald Trump says he plans to announce his pick for the job later today.

According to one source, the former Fed governor visited the White House yesterday.

Speaking last night, President Trump teased his impending announcement without giving the name away.

Donald Trump speaking there.

Sources who spoke to Bloomberg on the basis of anonymity warned that the selection is not final until the announcement is made.

Now, to other news, the arrival of a US aircraft carrier strike group in the Middle East means President Donald Trump has new options to carry out his threats to attack Iran.

The group of ships has about 45 aircraft.

But President Trump's goals remain unclear, with his message shifting from removing Iran's leaders...

to punishing the regime for its deadly crackdown on protesters or extracting a new nuclear agreement.

The New York Times is also reporting that the US president has been presented with an expanded list of potential military options by the Pentagon.

According to the newspaper, the current set of options includes the potential for American forces to carry out raids on sites inside Iran.

And that officials say Trump is taking a similar approach to Iran as he did to Venezuela.

An increasing proportion of cars sold in Europe are now made by Chinese brands.

That's as demand grows for hybrid and battery-powered vehicles.

Bloomberg's Tia Adebayo has more.

And lastly, President Trump and Senate Democrats have reached a tentative deal to avert a disruptive US government shutdown.

The deal would fund the Homeland Security Department for two weeks to allow more time for further talks.