President Trump moves to oust Fed Governor Lisa Cook over mortgage fraud allegations. But Cook is fighting back, disputing the president's authority and refusing to resign. Trump threatens fresh tariffs and export restrictions on advanced technology and semiconductors, hitting back at digital services taxes he says discriminate against US tech giants. And Israel lauds Lebanon's move to disarm Hezbollah, offering to draw down its remaining troops on Lebanese soil if the government follows through. Plus, is the credit market complacent in the face of emerging risks from Fed uncertainty and tariffs? We discuss the record tightness in credit spreads with Mahesh Bhimalingam, Global Head of Credit Strategy at Bloomberg Intelligence.

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