Bloomberg News Now: Utah Governor on Calm, Fed Candidates, Bank of America Leadership

Reaction to Charlie Kirk's Murder

• 🕊️ Utah Governor Spencer Cox urged Americans to tone down rhetoric and allow for safe clashes of ideas, even those disagreed with, following the murder of activist Charlie Kirk.
• 💔 Erica Kirk, wife of the deceased, pledged to continue her husband's message from the Turning Point USA headquarters.

Federal Reserve and Leadership Speculation

• 🏦 BlackRock executive Rieder is reportedly a leading contender to become the next Chair of the Federal Reserve, with Treasury Secretary Scott Peterson impressed by him.
• ⚖️ Other potential candidates for the Fed chair include Michele Bowman, James Bullard, and Phillip Jeffries.
• 🏠 A loan document suggests Federal Reserve Governor Lisa Cook declared an Atlanta home as a vacation home, which may contradict claims of mortgage fraud made by the Trump administration.

Banking Industry Updates

• 🤝 Bank of America has named Dean Athanasiou and Jim DeMar as Co-Presidents, reporting directly to CEO Brian Moynihan, sparking discussions about potential successors.
• 💼 Dutch bank ABN Amro is reorganizing risk-related roles, which could lead to job cuts.

International Relations and Trade

• 🤝 President Trump met with Qatar's prime minister following an Israeli strike on Hamas leaders in Doha.
• 📈 Treasury Secretary Scott Bessen is set to meet with China's vice premier Liu Feng to discuss trade, economic issues, and national security, potentially signaling a thaw in U.S.-China relations.
• 💬 Discussions may include Chinese purchase agreements of U.S. goods, TikTok, and anti-money laundering efforts, potentially paving the way for a meeting between President Trump and China's President Xi Jinping.