Squawk Pod 5 Things to Know Before the Opening Bell 1/28/2026
Jan 28, 2026
A quick rundown of today’s market movers and what to watch before trading begins. Coverage includes the Federal Reserve decision and Powell’s press conference. Discussion of Elevance Health’s stock drop after a Medicare Advantage rate proposal. Highlights SK Hynix’s record profit and U.S. AI plans. Recap of a broad chip-sector rally led by ASML and Texas Instruments.
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Fed Hold Expected; Powell Will Be Key
- The Federal Reserve is widely expected to hold the federal funds rate steady at today's decision.
- Market focus will be on Jay Powell's press conference for clues about future rate paths.
Medicare Proposal Hits Elevance Stock
- Elevance Health beat earnings but revenue lagged and shares plunged after a policy proposal.
- The Trump administration's near-flat Medicare Advantage rate proposal pressured insurers, sending Elevance down sharply.
SK Hynix Posts Record Profit, Eyes U.S. AI
- SK Hynix reported a record full-year profit and is forming a new U.S. AI-focused company.
- Strong results and a U.S. AI push are lifting investor sentiment for the South Korean chipmaker.