Squawk on the Street Squawk on the Street 2ND Hour 2/2/26
Feb 2, 2026
Kyrsten Sinema, former U.S. senator now leading the AI Infrastructure Coalition, on energy, permitting, and AI’s public benefits. Warren Pye, co-founder of 314 Research, critiques the Kevin Warsh Fed pick and market risks. Jason Furman, Harvard economist and former CEA chair, assesses the nomination and Fed policy. They debate Fed independence, yields, AI data center buildout, and energy and consumer impacts.
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Balance Sheet Shrinkage Could Tighten Policy
- Kevin Warsh's nomination raises market questions about Fed balance sheet shrinkage and asset distortions.
- Shrinking the balance sheet could tighten policy and pressure risk assets if pursued aggressively.
Start Positioning Portfolios For H2 Risks
- Position portfolios now for second-half overheating risks by rotating into commodities and hedges.
- If you're bullish on equities, overweight but structure positions to mitigate inflation and policy risks.
Disney Beat But Guided Lower; DeMauro In Focus
- Disney beat many estimates but guided fiscal Q2 below expectations, which likely drove the stock lower.
- Leadership succession chatter centers on Josh DeMauro as the probable Bob Iger successor this summer.