Obama Nominates Castro for HUD, Donovan for OMB

May 23 (Bloomberg) -- U.S. President Barack Obama speaks about his decision to nominate San Antonio Mayor Julian Castro as his next Housing and Urban Development secretary. If confirmed by the Senate, Castro would replace Shaun Donovan, who Obama is nominating to serve as his next budget director. Obama speaks at a White House ceremony. Castro and Donovan also speak. (Source: Bloomberg)

What a Return of Volatility Might Mean for the Markets
50:30 - Are extended periods of low volatility warning signs of investor complacency and an impending correction? Jim Strugger, head of derivatives strategy at MKM Partners, appears on Bloomberg North to give his take on what a return of volatility might mean for the markets. (Source: Bloomberg)
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