What we’re reading (1/29)
“Fed Contender Kevin Warsh Meets With Trump Ahead Of Announcement” (Wall Street Journal). “Kevin Warsh, one of the finalists to be the next Federal Reserve chair, met with President Trump at the White House on Thursday, according to people familiar with the matter, one day before the president is set to announce his choice to lead the central bank.”
“Trump Says He’ll Announce Fed Chair Nominee On Friday Morning As Kevin Warsh’s Odds Soar” (Yahoo! Finance). “President Trump said Thursday that he will announce his nominee to be the next chair of the Federal Reserve on Friday morning. Trump told reporters Thursday night at the premier of First Lady Melania Trump's movie, "Melania," that he would announce the decision Friday morning. Asked whether he knew who he'd nominate to the role, Trump said: ‘I do.’”
“Apple Sales Surge 16% On ‘Staggering’ iPhone Demand” (CNBC). “Finance chief Kevan Parekh said that Apple expects revenue this quarter to rise between 13% and 16% on an annual basis, which would be equivalent to between $107.8 billion and $110.66 billion. Analysts polled by LSEG were expecting $104.84 billion. Apple said it expects constrained iPhone supply during the period.”
“School Is Way Worse For Kids Than Social Media” (Unpublishable Papers). “In short, school sucks so much that it reliably makes students want to hide at home, visit the ER, and take their own lives. The data has been completely clear on these points for years.”
“Iran Elite ‘Transfer $1.5bn To Dubai’ As They ‘Abandon Ship’ Amid US Strike Fears” (Daily Express). “US Treasury Secretary Scott Bessent revealed on Wednesday that Washington is monitoring what he characterized as a massive exodus of capital by Iran's ruling class, as anxieties mount over the potential downfall of the Islamic Republic amid widespread unrest and looming threats of American military action.”
