Monica Ricks

Here's Bloomberg's Erica Herskowitz.

I'm Monica Ricks and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Monica Ricks.

President Trump is expressing some reluctance now in nominating Kevin Hassett as Federal Reserve Chair.

Trump says if Hassett were to leave his post as director of the National Economic Council, it would deprive the administration of one of its most powerful messengers on the economy.

Hassett has been a top contender to succeed Fed Chair Jerome Powell.

But Trump's effort to fill Fed vacancies is already facing roadblocks in the Senate.

Bloomberg's Stuart Paul explains.

That's Bloomberg's Stuart Paul on Bloomberg Intelligence.

President Trump has said he plans to announce his nominee for Fed chair in the next few weeks.

The market's deflated a little bit and treasuries dropped following Trump's Fed comments today.

The Dow's pretty flat right now, but the Nasdaq is up about a tenth of a percent.

The S&P also up about a tenth of a percent.

The 10-year treasury yield at 4.2 percent.

The two-year yields at about 3.6 percent.

Canada and China just reached a wide-ranging agreement to lower trade barriers and rebuild its ties.

Under this new deal, Canada will allow Chinese electric vehicles into its market at a tariff rate of about 6 percent, down from the current rate of 100 percent.

in exchange for visa-free travel to China.

The agreement also includes tariff concessions, with Canada anticipating a drop in canola tariffs from 85 to about 15 percent combined by March 1st.