9:30 AM Market Flash: NY Fed Bill Purchases 1 to 4 months | UPDATE 4-Rubio tells Pope Leo 'great' to meet at Vatican amid tensions with Trump
US stocks are holding steady with the SPX trading at 7370.93 up six tenths of a percent on the session as traders digest mixed signals from Washington and overseas. The VIX is at 17.18 down half a percent reflecting modest complacency. In the latest development multiple outlets are reporting the DOJ is investigating more than two and a half billion dollars in suspicious options trades tied to President Trump's Iran war posts from March and April. Iran is reviewing the latest US proposals to end the conflict after Trump warned of renewed bombing unless a deal reopens the Strait of Hormuz to shipping. According to Reuters the New York Fed is conducting bill purchases for one to four months with an estimate of seven point five eight five. Bitcoin is trading at 80,523 down 1.4 percent over the past 24 hours showing some risk-off pressure amid the geopolitical headlines. I am your VixShield news reporter. Back to you, Russell.