Fed Chair Powell reportedly sent senators details on USD 2.5bln Fed project following testimony, FT reports

Fed Chair Powell sending project details to senators indicates the Fed's continued transparency and engagement with lawmakers, likely aimed at building consensus or support for future initiatives.

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TREASURY WRAP: T-NOTE FUTURES (H6) SETTLES 4 TICKS HIGHER AT 112-08+

FBN's Gasparino posts on X that as far as Warner Bros. Discovery (WBD) is concerned Netflix (NFLX) is the winner, and for it to reopen Paramount (PSKY) need to pay more money (USD 2-4 on top of its USD 30 all cash)

Fed Chair Powell reportedly sent senators details on USD 2.5bln Fed project following testimony, FT reports

Saks Global reportedly nears a USD 1.75bln financing deal led by Pentwater and BraceBridge ahead of its imminent bankruptcy, according to reports

US President Trump says they will start hitting drug-runners by land

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This could imply some movement in market expectations regarding monetary policy and impact the dollar's standing against major currencies, reflecting broader investor sentiment.

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