Bloomberg Daybreak: Europe Edition Trump Picks Kevin Warsh For Fed Chair, Iran Strike Options, $40B Succession Drama
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Jan 30, 2026 Charles Daly, Sweden bureau chief covering the Wallenberg family succession. Daniel Moss, opinion columnist on Fed nominations and macro policy. They discuss Kevin Warsh as a likely Fed chair pick and market reactions. They outline US military options against Iran and the risks involved. They explore the Wallenberg family's $40B succession and corporate influence in Sweden.
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Market Jitters Over Warsh's Reputation
- Markets reacted to reports Kevin Warsh may be Trump’s Fed pick because of his prior hawkish record on interest rates.
- That background clashes with Trump's desire for rate cuts and explains rising Treasury yields and falling stocks.
Military Options Expand But Goals Blur
- The arrival of a US carrier strike group expands military options against Iran but raises risks of retaliation.
- Trump's objectives remain unclear, ranging from regime punishment to forcing a new nuclear deal.
Record iPhone Sales Amid Margin Risks
- Apple posted record quarterly sales led by iPhone strength, with China rebounding strongly.
- Management warned rising component costs could squeeze gross margins in the coming quarter.