Luke Vargas

Coming up, the Supreme Court weighs in on whether Trump can fire Lisa Cook from the Fed board.

And we'll explore the growing gulf in the office as CEOs go all in on AI while workers feel left behind.

That and more after the break.

more American firepower is headed to the Middle East.

The U.S.

is sending a carrier, jets, and air defense systems to the region, giving President Trump more options for a strike on Iran.

Last week, Trump pulled back from ordering an attack on Iran, but he's continued to press for what he terms decisive military options as the regime in Tehran tightens its control of the country.

The Supreme Court will hear oral arguments today in a case deciding whether President Trump can fire Federal Reserve Governor Lisa Cook.

Fed Chair Jerome Powell and the Fed have been named by Cook as defendants in her initial lawsuit contesting the president's attempt to remove her over disputed mortgage fraud allegations.

Speaking to CNBC in Davos, Treasury Secretary Scott Besant, who had previously urged Trump not to fire Powell, said he thought it was inappropriate for him to attend today's hearing.

Besant also called out Powell for not meeting with federal prosecutors last month before they issued grand jury subpoenas in a criminal investigation of the Fed's building project.

Meanwhile, Senate Democrats Elizabeth Warren and Dick Durbin have demanded records from the Trump administration regarding the criminal probe into the Fed, calling it a serious misuse of power.

In letters sent yesterday and seen by the Journal, they requested documents detailing how the investigation came together and any coordination between the White House, DOJ, and the Federal Housing Finance Agency.

The Democrats' demands don't carry legal weight, but could lay the groundwork for a more formal investigation in the future.

Lindsey Halligan, the prosecutor who led the Justice Department's cases against former FBI Director James Comey and New York Attorney General Letitia James, is stepping down.

That comes just four months after the former White House aide and personal lawyer to President Trump was installed as the top federal prosecutor in eastern Virginia after her predecessor was forced out of the job.

The indictments Halligan secured against Comey and James were later dismissed by a judge who ruled she was unlawfully appointed.

President Trump is accelerating his effort to ban large institutional investors from buying single-family homes.

Yesterday, he signed an executive order telling agencies to find ways to stop the federal government from backing loans and providing other financial incentives for Wall Street.

We don't have the fine print yet, though.