Karen Moscow

The new chairman will be sworn in by President Trump this morning in the White House East Room.

Kevin Hassett, the other Kevin who was on the president's shortlist to succeed Jay Powell, says he agrees with everything Kevin Warsh said in his Senate confirmation hearing.

And that's National Economic Council Director Kevin Hassett, who is a guest on CNBC.

Stay with Bloomberg for live coverage of Kevin Warsh's swearing-in.

It's set for 11 a.m.

Wall Street time.

You can catch it on Bloomberg Radio and Television and the Bloomberg Business app.

Our runway at New York's LaGuardia Airport will remain closed through 6 a.m.

local time tomorrow, extending a shutdown that occurred after a sinkhole was found nearby.

The airport is open, but flights may be affected.

LaGuardia is the third busiest airport serving the New York metropolitan area.

It's not the only headache for travelers this Memorial Day weekend.

Gas prices have topped $4.50 a gallon for the first time in nearly four years.

As the Iran war drags on, AAA says the average nationwide retail price is now less than 50 cents away from an all-time high.

A setback for Elon Musk's SpaceX.

We get the latest with Bloomberg's John Tucker.

All right, John, thank you.

The Late Show on CBS has officially aired its final show.

And let's do it, y'all.

keeps fueling global stocks.