US President Trump said he is close to announcing his pick for Federal Reserve chair, replacing current Fed Chair Jerome Powell after his term ends in May.

FedWatch Advisors founder and chief investment officer Ben Emons joins Opening Bid host Brian Sozzi to discuss which candidate will be the “best friend of the markets.”

Be sure to check out Jennifer Schonberger’s profiles of each of the possible candidates to be the next Fed chair: National Economic Council director Kevin Hassett, former Fed Governor Kevin Warsh, Fed Governor Chris Waller, and BlackRock’s (BLK) head of fixed income Rick Rieder.

To watch more expert insights and analysis on the latest market action, check out more Opening Bid.