NEW YORK (AP) — President Donald Trump has nominated a Justice Department official to an open seat on a key civil rights agency, signaling his administration's determination to forge ahead with efforts to dismantle diversity policies it claims discriminate against white workers and others.
The White House announced late Monday that it has tapped Matt Zandi to fill a seat previously held by Jocelyn Samuels, one of two Democratic commissioners fired by Trump before the end of their terms in an unprecedented move to seize control of the EEOC, a bipartisan agency created by Congress through the 1964 Civil Rights Act.
Zandi currently serves as chief of staff for the Justice Department’s civil rights division, which saw the mass departure of career lawyers as it shifted to investigating employers and schools for what it considers unlawful diversity and transgender policies.
He would serve a five-year term ending July 1, 2031.
Zandi's confirmation would further shift the balance of power at the EEOC to the right. Currently, there are two Republican commissioners — Andrea Lucas, who is the chair, and Brittany Panuccio — and one Democrat — Kalpana Kotagal, whose term expires next year.
Under Lucas, the EEOC has steadfastly enforced Trump's civil rights priorities, often in tight cooperation with the Department of Justice.
Zandi's nomination comes as the EEOC prepares for several major regulatory changes, including ending a 60-year-old requirement to collect demographic workforce data from many employers and revising rules for enforcing the Pregnant Workers Fairness Act, which Lucas has said improperly extended protections for workers seeking abortions, birth control or fertility treatments.
The Trump administration has yet to nominate anyone to fill a fifth seat, left open by the firing of Democrat Charlotte Burrows.
The impending Democratic takeover of the Senate majority in January raises the possibility that the EEOC won't have five commissioners for the remainder of Trump's term. Leading Democratic senators have vowed not to confirm any of Trump's nominees to the EEOC in protest of his firing of the Democratic commissioners, which they say stripped the agency of its historic independence and bipartisanship.
Sen. Tammy Baldwin, a Wisconsin Democrat, criticized Zandi's nomination as further politicizing the EEOC, which enforces the country's employment anti-discrimination laws.
“For a bipartisan commission, the custom is to pair nominees from the two parties. This would be the third Republican commissioner in a row without a pairing, an overtly partisan decision of the administration,” Baldwin said Tuesday, speaking during a Senate committee hearing on the confirmation of Catherine Eschbach to be EEOC general counsel.
However, Trump's approach to the EEOC received a major vindication after the Supreme Court upheld his decision to fire the heads of several independent agencies, significantly expanding presidential power. The ruling prompted Samuels to drop a lawsuit challenging her dismissal from the EEOC.
Zandi and Eschbach are likely to be confirmed while Republicans control the Senate.
Senate Republicans have mostly praised Trump's approach to civil rights enforcement, and Lucas and Panuccio sailed through their confirmations despite unanimous opposition from Democrats.
“Under this administration, EEOC has sharpened its focus on even-handed enforcement of employment discrimination laws,” Sen. Bill Cassidy, a Louisiana Republican, said during the hearing on Eschbach, whom he praised.
The EEOC had no comment. The Department of Justice didn’t reply to a request for comment from Zandi.
FILE - The emblem of the U.S. Equal Employment Opportunity Commission (EEOC) is displayed on a podium in Denver on Feb. 16, 2016. (AP Photo/David Zalubowski, File)
NEW YORK (AP) — U.S. stocks fell after a report showed inflation was worse across the country last month than economists expected. The S&P 500 lost 0.4% Tuesday. The Dow Jones Industrial Average dropped 0.3%, and the Nasdaq composite fell 0.7%. The discouraging report on inflation caused traders to up their forecasts for coming hikes to interest rates by the Federal Reserve. One top Fed official even suggested that it could raise its main interest rate by twice the typical amount at its meeting next month. Treasury yields jumped in the bond market even though oil prices continued to ease.
THIS IS A BREAKING NEWS UPDATE. Check back for updates. AP’s earlier story follows below.
NEW YORK (AP) — U.S. stocks are falling Tuesday after a report showed inflation was worse across the country last month than economists expected.
The S&P 500 fell 0.9% and gave back some of its big rally from the day before. The Dow Jones Industrial Average was down 319 points, or 0.6%, as of 1:29 p.m. Eastern time, and the Nasdaq composite was 1.4% lower.
Pressure from the bond market undercut stocks following the discouraging report on inflation. People had to pay prices for groceries, electricity and other costs of living that were even higher last month than economists expected. That could push the Federal Reserve to hike its main interest rate at its next meeting in December and beyond.
Higher interest rates can help rein in inflation, but they do so by making it more expensive for everyone to borrow money and by slowing the overall economy. Higher rates also make investors less willing to pay high prices for stocks and other investments.
One Fed official even hinted the central bank may increase the federal funds rate by double the typical amount next month because of how high inflation has remained for years.
Speaking in London before the inflation report was released, Fed Gov. Christopher Waller said “a stronger policy move may be needed” if the report showed an important underlying measure of inflation rose by 0.3% from September.
In that case, he said the Fed should consider hiking the federal funds rate by half a percentage point rather than the typical quarter point. Moving by only the usual amount could “put our credibility at risk, a risk I am not eager to take.”
Shortly afterward, Tuesday’s inflation report showed that the underlying measure of inflation Waller was worried about was exactly 0.3%, the threshold he had set. It's the Fed's job to keep inflation under control, along with keeping the job market strong.
That sent yields jumping in the bond market as traders upped their forecasts for coming hikes to rates by the Fed.
The yield on the 10-year Treasury jumped to 5.01% from 4.88% late Monday. It's a notable move for the bond market, and the yield helps set where rates are for mortgages and other loans going to U.S. households and businesses.
The 10-year Treasury yield had been dropping since early October, when it topped 5.30% as worries spiked about high inflation, higher interest rates, the U.S. government’s big debt and other concerns.
Tuesday’s jump in yields came even though oil prices fell again. The price for a barrel of Brent crude oil fell 0.8% to $91.81. President Donald Trump said late Monday that the war in Iran, which sent oil prices much higher, “militarily is effectively over.”
Brent’s price has been falling from more than $112 at the start of the month amid uncertainty about what will happen with the war with Iran.
Jumps in Treasury yields push downward on prices for all kinds of stocks, and they can particularly hurt companies in the real-estate business.
Higher mortgage rates can keep potential customers away from homebuilders, for example, and Lennar fell 4.4% for one of the sharper losses in the S&P 500.
Rival homebuilders also fell, including drops of 3.6% for D.R. Horton and 3.5% for PulteGroup. Builders FirstSource, which sells crown mouldings, cabinets and other products to homebuilders, sank 3.9%.
The single heaviest weight on the S&P 500 was Nvidia, which fell 6.3%. It's been under pressure since its board announced an investigation into its CEO, Jensen Huang, who admitted to a relationship with a woman who, according to The New York Times, U.S. intelligence determined was gathering information for China.
It's also been swinging amid broader worries that have knocked the artificial-intelligence industry around recently. Democratic victories in statehouses across the country last week raised concerns about possible restrictions on construction of AI data centers. That built on top of already longstanding worries that AI stock prices had shot too high and were in a bubble.
Other stocks in the AI industry also slipped. GE Vernova, which is helping to power AI data centers, dropped 7%. Micron Technology, which sells memory for computers, fell 3.6% after flipping between gains and losses earlier in the morning. CoreWeave, a company that rents out access to AI chips to customers over the cloud, fell 2.6%.
Advanced Micro Devices held up better and was mostly unchanged.
The recent shakiness for AI-related stocks had raised questions about whether Anthropic, the company behind the Claude chatbot, may delay its initial public offering of stock.
But Anthropic said in a filing with U.S. regulators on Tuesday that it's looking to sell its stock at a price valuing the company at roughly $1.3 trillion. That would make it one of the most valuable companies on Wall Street, worth more than Walmart, JPMorgan Chase, ExxonMobil or Coca-Cola.
In stock markets abroad, indexes rose across much of Europe and Asia.
South Korea's Kospi jumped 4.4% for one of the world's biggest gains on strength for its two tech giants that have benefited from the AI boom, Samsung Electronics and SK Hynix.
AP Writers Elaine Lai and Matt Ott contributed to this report.
Trader Robert Greason works on the floor of the New York Stock Exchange in New York, Monday, Nov. 9, 2026. (AP Photo/Yuki Iwamura)
Specialist Dilip Patel works on the floor of the New York Stock Exchange in New York, Monday, Nov. 9, 2026. (AP Photo/Yuki Iwamura)
Options trader Frank Maiolo works on the floor of the New York Stock Exchange in New York, Monday, Nov. 9, 2026. (AP Photo/Yuki Iwamura)
Screens display the Korea Composite Stock Price Index (KOSPI), the foreign exchange rate between U.S. dollar and South Korean won and the Korea Securities Dealers Automated Quotations (KOSDAQ) at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Nov. 10, 2026. (AP Photo/Lee Jin-man)
Screens display the Korea Composite Stock Price Index (KOSPI), the foreign exchange rates and the Korea Securities Dealers Automated Quotations (KOSDAQ) at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Nov. 10, 2026. (AP Photo/Lee Jin-man)
A dealer walks near the screen showing the Korea Composite Stock Price Index (KOSPI) at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Nov. 10, 2026. (AP Photo/Lee Jin-man)
A dealer walks near a screen showing the Korea Composite Stock Price Index (KOSPI) at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Nov. 10, 2026. (AP Photo/Lee Jin-man)
A dealer talks on a phone near the screen showing the Korea Composite Stock Price Index (KOSPI) at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Nov. 10, 2026. (AP Photo/Lee Jin-man)
