Caroline Hepker

Stocks fell and Treasury yields have pushed higher on bets that Walsh will become the next Fed chair.

Mike McKee is Bloomberg's international economics and policy correspondent.

Mike McKee speaking there as Walsh has aligned himself with the president in recent months.

He's notably been arguing publicly for lower interest rates and going against his longstanding reputation as an inflation hawk.

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

The fleet of ships has about 45 aircraft.

But President Trump's goals remain unclear.

His message shifting from removing Iran's leaders, punishing the regime for its deadly crackdown on protesters or extracting a new nuclear agreement.

The New York Times is 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 inside Iran.

Now, Donald Trump has warned the UK and Canada over striking fresh business deals with China.

Speaking to reporters, the US president advised against attempts to forge closer relations with Beijing.

President Trump speaking there hours after the British Prime Minister Keir Starmer met China's Xi Jinping in Beijing.

The UK government announced yesterday that China will relax rules for British tourists and business travellers, allowing them to enter the country visa-free for stays of fewer than 30 days.

Starmer's visit follows that of the Canadian leader Mark Carney, who rolled back tariffs on Chinese electric vehicles previously imposed to match US levies.

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

I'm 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.