Monica Ricks

Right now, goods under that trade deal are tariff-free.

President Trump has dispatched naval assets to the Middle East, prompting speculation that he'll follow through on threats to attack Iran's leadership amid a violent crackdown on protests there.

The USS Abraham Lincoln aircraft carrier is now in the Indian Ocean, accompanied by three guided missile destroyers and fighter jets.

U.S.

Envoys Steve Witkoff and Jared Kushner are set to meet with Prime Minister Benjamin Netanyahu in Israel today after the launch of the Board of Peace to oversee post-war Gaza.

Netanyahu's office confirmed the meeting but didn't provide a specific time.

The weekend duties are typically conducted after the Jewish Sabbath, which ends Saturday night.

And Russian attacks on Ukraine killed one person and injured dozens overnight as negotiators from Ukraine, Russia and the U.S.

are set to meet in Abu Dhabi for a second day of talks aimed at ending the war.

The White House called the first day productive and Ukrainian President Volodymyr Zelensky says a peace deal is nearly ready.

They just have to hash out some territorial disputes.

President Trump could announce his pick to replace Jerome Powell as Fed chair as soon as next week.

Sources tell Bloomberg the president's finished interviewing candidates, and Rick Reader's position has been bolstered by his Wall Street experience and openness to make changes at the Fed.

Unlike the other three finalists for the job, Reader's never worked at the Federal Reserve and is viewed as not being beholden to the institution, which reportedly grabbed Trump's attention.

The Fed, by the way, is expected to hold interest rates steady when it meets next week following a jittery week on Wall Street.

The S&P 500 is now riding a two-week losing streak.

The Dow lost about two-thirds percent on Friday.

Intel suffered its worst decline in 17 months after Friday's lackluster forecast.

Here's Bloomberg's Charlie Pellett.

Circling back to Rick Reeder, his company BlackRock is now cutting the value of one of its private debt funds.