Bloomberg News Now
Trump Administration Prepares Warsh for Fed Pick, Apple Earnings, More
30 Jan 2026
Transcript generated automatically by AI and may contain errors.
Chapter 1: What is the main topic discussed in this episode?
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News When You Want It with Bloomberg News Now. I'm Doug Krisner. President Trump is preparing to nominate Kevin Warsh to be the next chair of the Federal Reserve. Warsh is a former Fed governor, and we are told he visited the White House on Thursday. Earlier, President Trump said he plans to make the announcement Friday morning.
I'd rather say it tomorrow, but just an outstanding person and a person that won't be too surprising to people. A lot of people think that this is somebody that Could have been there a few years ago. It's going to be somebody that is very respected, somebody that's known to everybody in the financial world, and I think it's going to be a very good choice. I hope so.
Now, Trump's pick may face a complicated path to confirmation in the U.S. Senate. Already, North Carolina Senator Tom Tillis has vowed to block any Fed nominee until the DOJ probe into the renovation of the Fed headquarters building is resolved. SpaceX is considering a potential merger with Tesla or an alternative combination with the firm XAI, another Elon Musk company.
We are told any transaction could attract interest from infrastructure funds and Middle Eastern sovereign investors. Here is Bloomberg's Ed Ludlow.
My understanding is that there is a group of investors that are pushing very much on the Tesla idea, but nothing is final. As we all know, the background context is that SpaceX is making preparations for an IPO at some point in the middle of this year.
That is Bloomberg's Ed Ludlow. Meantime, OpenAI is reportedly laying the groundwork for an IPO in the fourth quarter. The Wall Street Journal reports the company is accelerating plans as competition with its rival Anthropic intensifies. OpenAI is holding informal talks with Wall Street banks about a potential public listing. After the bell, Apple reported record sales for the holiday period.
We have more from Bloomberg's Charlie Pellett.
It was driven by strong demand for the iPhone 17, growth in services, and a rebound in China. Revenue jumped 16% to $143.8 billion in the quarter, ending December 27th, setting a record.
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Chapter 2: What are the implications of Trump's nomination of Kevin Warsh for the Federal Reserve?
But Walter Peisic, a partner at LightShed Partners, says there are questions about Tim Cook's AI strategy.
Let's hope that Cook, with his deputies, can execute on this new strategy with Google under the current administration where there's very limitations. They should have all the opportunities in the world to be able to do that. Let's hope they do it by the end of the year.
Apple is predicting revenue growth of up to 16% in the second quarter. In New York, Charlie Pellett, Bloomberg Radio.
The U.S. has been investigating allegations that Meta employees can access messages sent through WhatsApp. Now, Meta has said the chat service is private and encrypted. However, former Meta contractors claim they and some Meta staff had unfettered access to WhatsApp messages. The claims are being examined by special agents within the Commerce Department. Here is Bloomberg's Sarah Fryer.
We do know that they interviewed these former contractors and we're looking into this possibility which directly contradicts how Meta has marketed WhatsApp and indeed how users have come to expect their messages to be handled on the app.
That is Bloomberg's Sarah Fryer. President Trump and Senate Democrats have reached a tentative deal to avert a government shutdown. The White House has been negotiating with Democrats to place new limits on immigration raids that have provoked a national outcry.
Now, a Democratic aide has told us this deal would fund the Homeland Security Department for two weeks as a way of allowing time for continued negotiations. Meantime, Democratic and Republican leaders in the Senate are sounding out their members on this agreement. President Trump is urging both parties to vote for it.
President Trump, meantime, is suing the US Treasury and the IRS for at least $10 billion. The action stems from unauthorized disclosure of his tax returns during his first term in office. The suit was filed by Trump, his sons, and the Trump Organization, and it claims the IRS and Treasury had a duty to safeguard Trump's confidential tax returns and related information.
President Trump has issued an executive order to allow the U.S. to impose levies on products from those countries selling oil or providing oil to Cuba. Now, the Commerce Department has been tasked with identifying those countries and then Top administration officials will determine what additional tariff should be imposed.
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