Doug Krizner

Meantime, the U.S.

and Russia have agreed to restart high-level military contacts.

They were suspended shortly after the invasion of Ukraine.

Today, U.S.

Treasury Secretary Scott Besant testified before the Senate Banking Committee on financial oversight.

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.