U.S. official: The U.S. will discuss strengthening cooperation between Japan and the Philippines during the visit.

U.S. official: The Biden administration plans to send three C-130 transport planes to the Philippines and is considering sending more patrol boats.

U.S. official: U.S. and Philippines reach new bilateral defense guidelines aimed at improving military cooperation on land, sea, air, space and cyberspace.

USGS: A magnitude 5.4 earthquake struck 80 kilometers east-southeast of Katsuren-haebaru, Japan.

FDIC: Should plan for these bank failures, focusing on strict capital requirements and an effective resolution framework.

U.S. Treasuries briefly fell after the First Republic Bank reached a takeover agreement.

FDIC: The banking system is not resilient enough to regulatory failures.

FDIC: Deposits will continue to be insured by the FDIC and customers do not need to change their banking relationship to retain their deposit insurance coverage up to the applicable limits.

FDIC: All depositors of First Republic Bank will become depositors of J.P. Morgan and will have access to all of their deposits.

FDIC: 84 First Republic Bank offices in 8 states will reopen today.

FDIC: First Republic Bank office to reopen as JPMorgan Chase branch.

Governor of the Central Bank of Poland: The inflation rate may reach single-digit levels by the end of 2023 or early autumn.

Gazprom: will continue to deliver gas to Europe via Ukraine, with a volume of 37 million cubic meters on Monday.

U.S. natural gas futures were down 3.00% on the day and are now at $2.337/MMBtu.

The Canadian unions say the agreement offers wage increases above what the Public Interest Committee has recommended and negotiated by other federal negotiating agencies, and provides significant new protections for members of public service unions working remotely.

The Canadian union said the public service union had reached a tentative agreement before strike action was launched that exceeded the agreement originally proposed by the employer.