Biden to renominate Jerome Powell. Peng Shuai’s suspicious video appearance. El Salvador to create Bitcoin City - a podcast by CNNI

Julia Chatterley is live from New York. Here are the top business news stories today!

Breaking news – President Biden to renominate Jerome Powell to head the Federal Reserve for a second term. Safety suspicions - In a video call with the International Olympic Committee, Chinese tennis star Peng Shuai says she is "safe and well" but suspicions grow. Crypto craze! El Salvador to create volcano-powered “Bitcoin City.”It’s Monday, let’s make a move.

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