Doug Krizner

News when you want it with Bloomberg News Now.

I'm Doug Krisner.

President Trump says he has completed interviews with candidates to succeed Jay Powell as chairman of the Fed.

Today, Trump reiterated that he has someone in mind and an announcement is coming soon.

The struggling chipmaker Intel issued a lackluster forecast for the current quarter.

Now, in recent months, the market has been betting on new products from Intel, further boosting the company's finances.

However, Intel says supply shortages are making it harder to meet customer demand.

We got reaction from Matt Bryson of Wedbush Securities.

That is Matt Bryson from Wedbush Securities.

Now, Intel has recently attracted high-profile investments from the U.S.

government, as well as Nvidia and SoftBank Group.

Shares in Intel right now down by more than 10% in late U.S.

trading.

President Trump is suing JPMorgan Chase and its CEO Jamie Dimon for at least $5 billion.

Trump alleges the lender stopped offering him and his businesses banking services for political reasons.

Now, Dimon previously denied rejecting business on ideological grounds.

The bank also said it closes accounts because they create legal or regulatory risk for the company.

President Trump is demanding credit card companies cap their interest rates at 10 percent for one year.

Now, Bank of America and Citigroup are trying to figure out how they can do that or come close.

We are told each bank is considering offering cards with a 10 percent interest rate as one potential solution.