Doug Krizner

And during the hearing, Democratic Senator Elizabeth Warren asked Besant about the possibility of the Trump administration bringing a lawsuit against Fed Chair nominee Kevin Warsh if he does not lower interest rates.

Now, Warren's question referenced reports over the weekend that Trump joked that

that he would sue Warsh if he did not get interest rates down.

Here is the exchange between Warren and Besant.

Now, Besant went on to say that Warsh is highly qualified to be Fed chair.

In Tucson, Arizona, the search continues for Nancy Guthrie, who vanished from her home five days ago.

She is the mother of Savannah Guthrie, co-anchor of NBC's Today Show.

Yesterday, Savannah Guthrie made an emotional plea to her mother's apparent kidnapper.

But so far, there has been no response, and investigators have no evidence Nancy Guthrie is still alive.

They are taking seriously a ransom note sent to media outlets with a demand for money.

It also contained details about Nancy Guthrie's home.

Pima County Sheriff Chris Nanos says every police resource in his county will now be involved in this investigation.

Now, the FBI is offering up to $50,000 for information used to find Nancy Guthrie.

And that is news when you want it.

With Bloomberg News Now, I'm Doug Krizner, and this is Bloomberg.

News when you want it with Bloomberg News Now, I'm Doug Krisner.

And we begin with the stock market, where it was another day of heavy selling in software shares, given worries over the impact of AI.

A new version of Anthropic's most powerful AI model can carry out financial research.

It's also designed to be better at a range of other work-related functions, and that would include making spreadsheets and presentations, as well as software development.

Today, the S&P 500 software and services sub-index fell by more than 4.5%.