Warsh's World

It's Fed day, and Kevin Warsh's first meeting as chair, with markets watching for signals on the path ahead. Oil slides below $80 a barrel as details of the U.S.-Iran memorandum of understanding emerge, while SpaceX briefly overtakes Microsoft in market value following its recent IPO.

Today’s recommended read: Is the Iran war just an energy shock - or a turning point? (reuters.com/commentary/reuters-open-interest/i…), Clyde Russell

Subscribe to Mike Dolan's Morning Bid newsletter, (reuters.com/newsletters/morning-bid-us) and check out his columns on Reuters Open Interest (reuters.com/commentary/reuters-open-interest)

Read more from Amanda Cooper (reuters.com/authors/amanda-cooper) and Anna Szymanski (reuters.com/authors/anna-szymanski)

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