Squawk Pod: Fed meeting kickoff & Sen. John Fetterman (D-PA) - 07/28/26 | Audio Only

Summary

The episode previews the Fed's two-day policy meeting with former Fed Governor Stephen Miran, who argues monetary policy is neutral and inflation is transitory, so the Fed should hold rates. Other segments cover Johnson & Johnson's talc settlement, Sherwin-Williams' earnings beat, Cracker Barrel's CEO change, and Senator John Fetterman's reversal on the filibuster amid Democratic party extremism.

• Stephen Miran explains that improved money supply measurement shows policy is neutral, recent inflation is likely transitory, and the Fed has no reason to hike now.
• Johnson & Johnson agrees to pay $5.5 billion to resolve tens of thousands of talc lawsuits, lifting a longstanding overhang on the stock.
• Sherwin-Williams beats quarterly earnings and raises full-year guidance; shares jump more than 6%.
• Cracker Barrel replaces its CEO roughly a year after a controversial logo redesign, with the stock having doubled this year.
• YouTube and Peacock announce a bundle deal that will give YouTube Premium subscribers access to Peacock content, including live sports and original shows.
• Senator John Fetterman writes that he was wrong to support eliminating the filibuster, now viewing it as a vital shield against extremism from the DSA wing of his party.
• Global tech stocks fall on AI overspending fears, with Nvidia down 5%, SK Hynix slumping, and the KOSPI off 10.8%.