Wall Street Breakfast Warsh looms over jobs report
5 snips
Feb 1, 2026 Discussion of how Kevin Warsh’s Fed nomination could change market reactions to the January payrolls report. Preview of Alphabet and Amazon earnings with focus on AI demand, AWS capacity and cost cuts. Coverage of Bitcoin dipping below $80K and debate over whether capital will rotate back into crypto.
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Warsh Could Redefine Payrolls Impact
- Kevin Warsh's Fed nomination may change how markets read the January payrolls, overshadowing raw job figures.
- If payrolls come hotter, his stance could test the White House script that rates must fall.
Use Mega-Cap Reports To Gauge AI Demand
- Watch Amazon and Alphabet earnings this week for AI demand signals and cost-cutting momentum.
- Expect Amazon's AWS capacity additions and layoffs to potentially boost revenue conversion amid AI infrastructure tightness.
Big Tech Shifting Toward AI-Driven Cost Cuts
- The shift from high-cost labor to AI-driven agents is a recurring theme across big tech earnings.
- Expect layoffs and AI investments to reshape cost structures and revenue drivers at major firms.