Laura Bessarati

If that's confirmed, that could happen as soon as tonight, potentially.

And then finally, lawmakers would need to go through a confirmation process for him to become the Fed chair with a vote on that role, potentially coming as soon as Wednesday.

So it could be all revealed this week ahead of the current Fed chair's last day, which is this Friday, the 15th of May.

Let's look at some of the big stock moves today.

And it was hard to ignore mining giant BHP because it did touch an

all-time high during today's session, surpassing $60 per share for the first time ever.

So its share price is now a little over 30% higher in year-to-date terms with a market cap of roughly $304 billion Aussie dollars.

That makes it the largest Aussie stock, overtaking

CBA once again.

So they're really competing for that position.

They're going back and forth as time passes.

At the moment, BHP is the biggest and CBA the second biggest.

Now I had a look back over the past 10 years and BHP has actually only posted a yearly loss twice over the past

10 years.

And its recent gains are likely driven by a surge in copper prices, which surged to a record high overnight.

And that's beneficial to BHP because its copper division recently became its biggest earner, overtaking iron ore as its biggest profit driver.

And it's also had a strong focus on continuing to grow its copper segment, which has been performing very strongly.

So that's certainly helped BHP's share price today.

But also,

Other miners involved with copper, including Rio Tinto, Capstone Copper and 29 Metals, which has jumped by 10% today.