Trump Administration Prepares Kevin Warsh Fed Chair Nomination | Daybreak Europe 1/30/2026

Watch on YouTube ↗  |  January 30, 2026 at 08:19  |  46:33  |  Bloomberg Markets
Speakers
Mark Cranfield — Cross Asset Strategist, Bloomberg
Tom Mackenzie — Anchor, Bloomberg
Maria Martisiute — Policy Analyst, European Policy Centre
Ed Ludlow — Co-Host, Bloomberg Technology
Lizzy Burden — Crypto Reporter, Bloomberg News
Alastair Voll — Fed watcher
Zoe — Europe Economics Editor, Bloomberg

Summary

Bloomberg Daybreak Europe focuses on the expected nomination of Kevin Warsh as the next Federal Reserve chair, which drove Treasury yields higher, the dollar stronger, and gold and risk assets lower. Apple reported record sales and an upbeat forecast but warned about rising memory and tariff costs, while Microsoft sold off on AI capex and cloud-growth concerns. Other topics included geopolitical risks around Iran and oil, European GDP and ECB expectations, and reports of a potential SpaceX-Tesla merger or xAI combination.

  • Trump is expected to nominate Kevin Warsh as Fed chair; markets price a less dovish Fed.
  • Long-end Treasury yields rise and the curve steepens; dollar gains while gold and Bitcoin fall.
  • Apple reports record quarterly sales and upbeat guidance, but margin risk from memory and tariff costs clouds the outlook.
  • Microsoft drops sharply as AI capex rises while core cloud growth slows.
  • Iran and oil-market risk are monitored amid US military buildup and possible strike scenarios.
  • European GDP prints and ECB rate expectations are in focus, with French Q4 growth in line.
  • Bloomberg reports SpaceX is considering a merger with Tesla or an alternative xAI combination.
  • Amazon-OpenAI funding talks and other corporate headlines are noted.
Ideas
Mark Cranfield Cross Asset Strategist, Bloomberg 3:01
Warsh hawkishness steepens Treasury curve
A Kevin Warsh Fed chair nomination is being read as more hawkish and rules-based than other candidates, setting a higher floor for yields and steepening the Treasury curve, with particular pressure on the 30-year sector where yields could head back toward 5%.
TLT 30-year Treasury yields HIGH
Mark Cranfield Cross Asset Strategist, Bloomberg 4:04
Rate cut bets too optimistic
Market pricing for two Fed rate cuts this year looks optimistic if Warsh is confirmed, especially with Powell and Cook likely remaining at the Fed and labor data not weak enough to force quick cuts; if traders dial back those cuts, markets lose support and equities may face a rougher ride.
SPY MED
Tom Mackenzie Anchor, Bloomberg 7:13
Apple demand strong, but margin risk
Apple reported record quarterly sales and an above-consensus forecast, led by iPhone 17, 30% services growth, and the best China quarter in at least four years, but rising memory-chip and tariff costs threaten margins and Mac sales were soft, leaving the setup positive on demand but clouded by margin risk.
AAPL MED
Tom Mackenzie Anchor, Bloomberg 8:59
Microsoft AI capex returns questioned
Microsoft sold off sharply because AI capex rose 66% while growth in its core cloud unit slowed, raising doubts that the company is earning adequate returns on its AI investment; the market is increasingly treating this as an AI divergence story with Microsoft at the center of the concerns.
MSFT HIGH
Maria Martisiute Policy Analyst, European Policy Centre 14:00
Iran conflict risk threatens oil supply
The US military buildup around Iran suggests Trump may be preparing a strike or a broader operation aimed at regime change, and Iran's role as a major holder of global oil reserves means the conflict risk has significant oil-market supply implications; the situation should be monitored as a major geopolitical risk.
WTI MED
Ed Ludlow Co-Host, Bloomberg Technology 35:07
Tesla merger chatter with SpaceX
Bloomberg reports SpaceX is considering a merger with Tesla, or alternatively a combination with xAI, and Tesla shares rose after-hours on the report; while nothing is final, the setup matters because SpaceX is preparing a large IPO to fund GPUs for space-based data centers and Musk's companies have a history of collaboration.
TSLA MED
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This Bloomberg Markets video, published January 30, 2026, features Mark Cranfield, Tom Mackenzie, Maria Martisiute, Ed Ludlow discussing TLT, 30-year Treasury yields, SPY, AAPL, MSFT, WTI, TSLA. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Mark Cranfield, Tom Mackenzie, Maria Martisiute, Ed Ludlow  · Tickers: TLT, 30-year Treasury yields, SPY, AAPL, MSFT, WTI, TSLA