Fed Chair Pick Kevin Warsh Wins Key Senate Committee Vote

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu- Enda Curran, Bloomberg Fed and Economy Reporter, discusses Kevin Warsh winning the backing of the Senate Banking Committee on a 13-11 party-line vote to be the next chair of the Federal Reserve. Warsh's nomination had been held up by Senator Thom Tillis until the Department of Justice agreed to drop a criminal probe into cost overruns in a renovation of the Fed's Washington headquarters.-Niraj Patel, Bloomberg Intelligence Senior Software Analyst, discusses research on how AI is impacting software stocks. According to Bloomberg Intelligence: AI shocks are rippling through application-software stocks, and our analysis suggests demand disruptions in the $700 billion app-software market are set to deepen as AI-agent development accelerates.See omnystudio.com/listener for privacy information.