Introduces Kevin Warsh's nomination as Fed chair and asks for analysis.
Nicole
Kevin Henkes
Kevin Warsh is a great pick - youngest Fed governor ever, fresh voice on Fed policy, brings new perspective to Trump administration.
Warsh represents Fed independence and may not cut rates quickly, which could disappoint those expecting cuts.
Nicole
Kevin Henkes
Morning sell-off driven by gold and silver volatility - gold down 5%, silver down 13.7% due to overbought conditions.
Kevin Henkes
Markets shaken by metals volatility - Bitcoin lower, Apple/Visa down premarket, energy stocks flat, looking at 0.5% down open.
Bitcoin swings worrisome, Clarity Act didn't boost it as expected.
Nicole
Kevin Henkes
PPI data strong - headline up 0.5%, year-over-year 3%, driven by 0.7% increase in final demand services.
Kevin Henkes
December PPI data old/stale, markets looking ahead to Feb 11 CPI and next week's labor data.