Fed Chair Pick Kevin Warsh Wins Key Senate Committee Vote

<p>Watch Paul and Scarlet LIVE every day on YouTube:&nbsp;<a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.<br /><br />Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu<br /><br />- 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.<br /><br />-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.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>