The Middle East was a bright spot for luxury brands.

Not anymore.

Plus, tensions between the White House and the Federal Reserve complicate the confirmation process

for the next Fed chair.

We're in an old-fashioned standoff here, and it's not clear how this is going to resolve.

And a jury finds that Live Nation illegally monopolized concerts and ticketing.

It's Wednesday, April 15th.

I'm Imani Moise for the Wall Street Journal, filling in for Alex Osala.

This is the PM edition of What's News, the top headlines and business stories that move the world today.

In an interview that aired this morning on Fox business, President Trump renewed his

threats to fire Jerome Powell.

And he said he's not leaving if, you know...

Well, then I'll have to fire him, okay?

If he's not leaving on time, I've held back firing him.

I've wanted to fire him, but I hate to be

controversial. Trump also defended the criminal investigation into the Fed chair. Yesterday, two

prosecutors visited the Fed construction project that's at the heart of the probe. WHA chief

economics correspondent Nick Timrose joins us now to discuss the future of the Fed.

So, Nick, what does Trump doubling down on the investigation into Powell and threatening to fire him mean for his nominee, Kevin Warsh's confirmation process?

Well, we're in an old-fashioned standoff here, and it's not clear how this is going to resolve.

On one side, you have Republican Senator Tom Tillis. He is retiring,

so he is not up for re-election, and he has repeatedly said he will not confirm any nominee

...