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Wall Street spends a lot of time betting on what Federal Reserve Chair Kevin Warsh will do next. Over the weekend, the smart money should have been on his horse.
Deterministic, a 5-year-old horse Warsh partly owns, won the $2 million Breeders’ Cup Mile at Keeneland in Lexington, Kentucky. He held off last year’s winner, Notable Speech, by three-quarters of a length.
Warsh’s stake in the horse Deterministic runs through a company, Vicarage Stable, which owns the horse along with Vincent Viola’s St. Elias Stable, Home Depot co-founder Ken Langone and longtime horse owner and retired Goldman Sachs partner C. Steven Duncker.
Warsh, who attended Saturday’s race, can be seen in photos smiling broadly as Viola raised the trophy after the win.
In 2017, Warsh was elected to the Jockey Club, an exclusive racing organization. An article in Daily Racing Form noted he was a co-owner of Jump Sucker Stable.
Warsh’s latest foray into horse racing started over dinner one evening. “My friend, Kevin Warsh, and I were at a Jockey Club dinner,” Duncker told the racing site America’s Best Racing in 2024. Viola, he said, told them he’d “love to own some horses with you guys.”
Warsh, probably the wealthiest central bank leader in recent decades, reported the stake in Vicarage Stable valued at $100,001 to $250,000 in financial disclosures. Under his ethics agreement, Warsh resigned his position with the stable when he became chair in May but kept a financial interest, receiving “only passive investment income.”
A prominent Kentucky breeding farm, Lane’s End Farm, has said Deterministic will retire to stud after this season.
Heading into Election Day, the weather across most of the Intermountain West and Rockies is expected to be pleasant but cool. High pressure will be building in behind a storm system, allowing for sunshine.
The exception will be in Northern California, where a few downpours are likely as a new storm system moves ashore.
The main weather disruption nationwide will be a strong low-pressure system near Minneapolis, which will swing a band of downpours through the central states.
Here’s where there could be some rain Tuesday:
- Minneapolis will see showery weather and dropping temperatures during the afternoon.
- Green Bay, Wisconsin, will see light afternoon showers and a cool rain. Same with Milwaukee and Chicago.
- St. Louis will have a marginal severe-weather risk as a band of downpours and gusty thunderstorms move through in the afternoon.
- Kansas City may see an afternoon downpour or thunderstorm. There’s a low risk of a “cold air funnel” or two, but the tornado risk is minimal.
- Little Rock, Memphis and Paducah, Kentucky, will see strong afternoon/evening thunderstorms with a few hours of heavy rain.
- Houston will see showery weather at the tail end of a cold front.
Otherwise, a few light showers are possible in northern New England.
In Florida, a moist easterly flow once again will lead to scattered, slow-moving downpours and thunderstorms. A few pockets of flash flooding are possible, but it’s difficult to pinpoint where ahead of time.
The Affordable Care Act marketplace officially opened for business in most states Sunday. It’s one place where millions of Americans will see double-digit hikes in their health care premiums, according to an analysis by The Washington Post.
Premiums on federal and state-run marketplaces will typically jump by about 15 percent next year, according to The Post’s analysis of proposed and finalized insurance rates. Health policy nonprofit KFF estimated an average premium hike of 13 percent based on finalized rates.
This marks the second straight year of double-digit rate increases and comes as Americans say the cost of living is one of their top issues heading into Tuesday’s midterm elections. Some of the biggest premium changes are expected to hit much of Arizona, New Mexico and Montana, where the average increases will be more than 20 percent.
For many enrollees across the country, subsidies will help blunt the full effect of the increases. But the expiration of enhanced premium tax credits last year has led to declining enrollment.
See what health insurance costs are going to look like in your area by exploring our interactive graphics.
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The first atmospheric river to hit the Southwest this season dumped up to five times the average rain for November in parts of the region, triggering destructive flooding for the second consecutive month.
Late Sunday, 15 waterways across northern Arizona and southwestern Colorado either reached or were forecast to reach major flood stage, triggering evacuations and washing out roads.
That included the San Juan River in Pagosa Springs, Colorado, where a historic crest of over 22 feet was forecast Sunday night.
“To put the forecast into perspective, during the devastating 1911 flood that wiped out most of what existed as the town of Pagosa at that time, the San Juan River crested at approximately 17.8 feet,” wrote the Archuleta County Sheriff’s Office.
Instead, the river crested at 16.81 feet — a welcome bit of good news on an otherwise chaotic weather day.
South of Sedona, Arizona, Oak Creek reached a historic crest of 19.84 feet. An estimated 150 to 200 homes flooded in nearby Rimrock and Lake Montezuma.
Climate scientist Daniel Swain wrote that many people have been asking whether the extreme rainfall is helping ease the Colorado Basin water crisis.
“The answer is complicated,” Swain wrote, pointing to the serious costs of historic flooding but also sharp rises in Lake Powell, which remains 13 feet lower than at this time last year.
As of Saturday, Lake Powell storage capacity was about 23.7 percent. It has increased by 3.5 percent since a 20.2 percent minimum in mid-September, according to data from the U.S. Bureau of Reclamation.
Parts the Southwest have a much higher than normal risk for extreme rainfall this winter because of a record El Niño in the Pacific Ocean, with more flooding possible in the months ahead.
President Donald Trump said he spoke Saturday with Israeli Prime Minister Benjamin Netanyahu about Iran as the president weighs up a return to all-out war after Tuesday’s midterm elections.
“Just had a very good talk with him; we had a very good talk,” Trump told reporters Sunday. He confirmed they discussed Iran but gave no further details.
He told a rally in Iowa on Sunday that “the only reason why I’m not finished with Iran is I want to be nice. I want to try and save all those lives if I can.”
“But at some point we’re going to have to give them the hammer,” he added.
His remarks in the lead-up to the midterms have heightened concerns across the Persian Gulf that strikes against Iran will soon resume. Iranian negotiators met with Qatari mediators over the weekend for talks on ending the war.
Iranian Foreign Ministry spokesman Esmaeil Baqaei said Monday that Tehran had put forward a proposal but that the “ball is in America’s court,” the Mehr news agency reported.
Foreign Minister Abbas Araghchi said Sunday that Iran “remains simultaneously ready for defense and diplomacy, and which path the Americans choose depends on their rationality,” according to Iranian media.
KYIV — Russia and Ukraine both said their emergency alert apps were hacked late Sunday night, when false alarms — including a nuclear warning — were issued to residents, sparking confusion.
Shortly before 11 p.m. local time, one of Ukraine’s main air raid apps issued its highest level of warnings nationwide, with additional warnings of radiation, chemical attacks and street fighting. “Radiation threat. Radiation threat declared in Kyiv,” read one alert.
Ukrainian officials scrambled to make sense of the warnings, quickly flagging that the system had probably been compromised.
Russian hackers later claimed responsibility for the intrusion, saying that they had sent a malicious file to an administrator, which he then downloaded. The Hitcore group told Russian outlet Mash that it gained access to the alert system through the employee’s computer.
The hack did not affect the operations of Ukraine’s security and defense forces, air force spokesman Yuriy Ihnat said during a TV broadcast Monday.
A few hours after the Ukraine hack, users of the Russian emergencies ministry app received false warnings about nuclear warheads being launched. Russian authorities said the app had been subjected to “a massive cyberattack,” which sent “fake information to the public.”
They said the attack did not affect the main alert system, which involves sirens and SMS, television and radio warnings.
The Israeli army Monday withdrew from areas of Hebron in the occupied West Bank, officials said, following a military operation that displaced thousands of Palestinians.
Israeli Prime Minister Benjamin Netanyahu ordered the operation on Oct. 23, after an attack by two Palestinian gunmen that killed two Israeli soldiers.
The Israeli military informed Palestinian authorities early Monday that it had withdrawn from western areas of the city, Hebron Mayor Yousef Al Jabari told The Washington Post. He said about 3,300 displaced people had returned to their homes, adding that five commercial facilities and three homes — including two belonging to the attackers — were destroyed.
An Israeli military official, who spoke on the condition of anonymity because he was not authorized to speak to the media or to discuss sensitive operational matters, also confirmed the withdrawal.
U.N. human rights chief Volker Türk last week condemned the operation, which he said had confined many to their homes and neighborhoods. “Collective punishment is a grave violation of international law,” he said in a statement.
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