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Here is your morning brief for Friday, February 20th. I'm Luke Vargas for the Wall Street Journal.

Private credit markets are flashing warning signs after the industry's poster child,

Blue Owl Capital, blocked everyday investors from withdrawing their money from one of its funds.

The move got the attention of Democratic Senator Elizabeth Warren, who's calling for more oversight. Meanwhile,

nervous investors sent shares in other private credit firms lower, reviving comparisons to the stress

we saw in credit markets in 2007 just before the global financial crisis. We're exclusively

reporting that the White House wants to ban investors with more than a hundred single-family homes from purchasing additional homes.

That's according to a memo sent to House and Senate committee leaders,

with the Trump administration hoping to add the ban as an amendment to either of the landmark housing packages moving through Congress.

The proposal affects more investors than initially thought,

with hundreds of investment firms sent to lose their ability to buy single-family homes.

And S&P 500 companies are back to appointing fewer women and minority board directors.

According to a journal analysis of corporate board data, diversity is now back to level seen 10 years ago when institutional investors started

pressuring companies to add diversity equity and inclusion policies. Since then, the political

wins have changed, and nearly three quarters of last year's newly appointed directors at S&P 500

companies were men, and roughly four and five new appointments were white, according to data from

people return. And just a quarter of S&P 500 firms last year had a diversity policy down

from about half the year before. Asian stocks have ended the day mostly lower. European

stocks are up in midday trading, and U.S. stock futures are gaining ahead of today's GDP and inflation data.

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