Squawk on the Street Trump Picks Warsh for Fed Chair, Apple Beats, Chevron CEO "First on CNBC" 1/30/26
Jan 30, 2026
Mike Wirth, Chevron CEO known for steering large oil projects, talks Chevron's quarterly beat and production growth. He covers reviving Venezuelan output and the Leviathan gas project. He also discusses supplying hyperscalers with gas-powered data center energy and plans to boost returns and efficiency.
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Warsh Nomination Could Tighten Fed Stance
- Kevin Warsh's nomination signals a potential tilt away from QE and toward hawkish rate discipline.
- The choice may test Fed independence as the chair must navigate data and presidential expectations.
Don’t Dump Apple Over Memory Fears
- Don't sell Apple based only on short-term margin worries tied to memory price moves.
- Consider Apple’s massive free cash flow and supply-chain leverage before reacting.
Apple: Record Sales But Memory Pressure Looms
- Apple delivered record revenue and strong iPhone demand, especially in China, despite concerns about memory costs.
- Tim Cook emphasizes staggering iPhone demand while warning memory may impact next-quarter margins.