Where are the markets as Warsh begins his press conference

The article is a market snapshot taken as Warsh begins his press conference, showing a risk-off tone across U.S. assets. Stocks are modestly lower, with the S&P 500 down 0.54%, the Nasdaq down 0.56%, and the Dow down 0.17%, while small caps edge higher. Short-term Treasury yields are rising sharply, especially the 2Y yield (+9.1 bps), indicating reduced expectations for imminent Fed easing. The U.S. dollar is broadly stronger against major currencies, pressuring EUR/USD, GBP/USD, AUD/USD, and NZD/USD lower. Commodities are weaker, with gold and silver declining, and oil also lower. Bitcoin is slightly down. Overall, the message is that higher yields and a firmer dollar are weighing on equities, precious metals, and risk assets.