WSJ What’s News Trump Expected to Nominate Kevin Warsh as Fed Chair
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Jan 30, 2026 Discussion of Trump’s reported pick for Federal Reserve chair and the implications of his monetary views. A look at OpenAI’s plans for a possible Q4 public offering and funding race with rivals. Coverage of booming iPhone 17 sales alongside investor worries about rising component costs squeezing margins. Politics and policy moves on DHS funding, China relations, Panama and Venezuela.
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Unclear Version Of Kevin Warsh
- Kevin Warsh is a Wall Street–friendly former Fed governor who has recently echoed Trump-style calls for rate cuts.
- Markets may face uncertainty because it's unclear whether Warsh will revert to his old independent stance or follow pro-cut politics.
OpenAI Targets Q4 IPO
- OpenAI is targeting a Q4 IPO to tap public capital and claim first-mover attention among generative AI firms.
- The company faces large cash burn and will need public funding as private markets reach limits.
iPhone Sales vs. Rising Component Costs
- Apple posted record iPhone revenue but the stock barely moved because investors worry rising component costs will squeeze margins.
- Memory, specialized glass, and TSMC capacity pressures from AI demand could raise costs later this year.