Federal Reserve Chair Kevin Warsh is facing renewed congressional scrutiny over the trajectory of interest rates as lawmakers press him ahead of Wednesday's Federal Funds Rate decision and the busiest week of megacap earnings. With Apple, Microsoft, Amazon and Meta all due to report, any hint from Warsh on policy shifts could set the tone for how investors react to results that have already seen the S&P 500 drop for a second straight week.
In Europe, firefighters are battling a rapidly spreading wildfire near Bordeaux, prompting the evacuation of 55,000 residents overnight as erratic flames, generating their own winds, burn within 15 km of the city.
Cuba’s deepening energy crisis has left nearly 3 million people struggling for water, counting every litre as blackouts halt pumping stations and ageing pipes lose up to 70% of supply.
Bitcoin trades near $64,450, Ethereum at $1,884, gold at $4,071 per ounce and WTI crude at $89.31 a barrel after a more than 5% weekend surge.
In human interest, a North Carolina man who spent three decades constructing his personal castle now risks losing the property after a romance gone sour triggered a legal fight.
This is the 7:00 AM Central VixShield flash.