Chapter 1: What are the implications of Trump's Fed chair nomination?
Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. It's good to be with you on this Friday, January 30th, the final day of the trading month. I'm Julie Morgan. The Trump administration is preparing for the president to name a new chair of the Federal Reserve.
Reports say that President Trump will nominate Kevin Walsh to succeed Jerome Powell. President Trump told reporters on Thursday evening that he plans to announce his pick to lead the U.S.
Chapter 2: How is GrubHub changing its pricing strategy to compete?
Central Bank this morning. It is important to note that earlier in the day on Thursday at a cabinet meeting, the president said he would announce the pick next week. Warsh, who has long been among the favorites for the Fed position, is considered a relatively hawkish choice. If nominated and confirmed, he would succeed Powell, whose term ends in May.
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Chapter 3: What drove Apple's record revenue in Q1?
Grubhub is removing service and delivery fees on restaurant orders over $50. The new policy is already in place for some users, but a broader launch is set for February 2nd. With free delivery already offered to paid subscribers, Grubhub hopes that with this new policy, consumers will switch from DoorDash and Uber Eats.
Both companies charge a delivery fee of as much as $8 along with a 10% to 15% service fee. Also, Uber Eats charges another $2 for orders below $10. Grubhub is also hoping to avoid checkout abandonment, in which customers drop large orders with high delivery fees. DoorDash carries 71% of this market, Uber eats 23%, and Grubhub only 4%.
The news briefly weighed on shares of Uber Technologies and DoorDash, though both recovered modest losses and were higher at Thursday's close.
Chapter 4: What major deals are being reported in the tech industry?
Pre-market Dash is down 1.2%, and Uber is down 0.9%. Apple released first quarter fiscal 2026 financial results that were driven by record-breaking iPhone sales. For the quarter ended December 31st, Apple reported earnings per share of $2.84 versus the consensus estimate of $2.67. Revenue for the quarter increased 15.7% to total $143.76 billion, which was more than the $138.52 billion estimate.
Product revenue increased 16 percent to $107.7 billion, which was led by iPhone revenue surging 23 percent. Apple CEO Tim Cook said that the iPhone had its best-ever quarter, driven by unprecedented demand, with all-time records across every geographic segment, and services also achieved an all-time revenue record, up 14 percent from a year ago.
I have a look at a few other articles that are trending. Microsoft reportedly inks a $750 million cloud deal with AI firm Perplexity. Trump files a $10 billion lawsuit against the IRS over a tax return leak. And Samsung SDI's US arm wins a battery supply deal and it's reportedly linked to Tesla. On our Catalyst Watch for the day, I have one item.
Church and Dwight will hold its Analyst Day event. On Wall Street, the Dow, S&P and Nasdaq futures are in the red. Crude oil is down 1% at $64 a barrel. Bitcoin is down 2.5% at $82,000. Gold is down 6% at $5,031. The FTSE 100 is up 0.1% and the DAX is up 0.9%. Deckers Outdoor is on our list of the biggest movers of the day pre-market.
Deck is up 15% after the company posted record fiscal Q3 profit and revenue driven by strong demand for UGG and HOKA across both wholesale and DTC channels. And on today's economic calendar at 8.30 a.m., PPI and at 3 p.m., farm prices.
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Chapter 5: What economic indicators are on today's calendar?
That's it for today's Wall Street Breakfast. Thanks for listening. To take full advantage of Seeking Alpha with coverage on significant stocks and ETFs, become a premium subscriber. Check out seekingalpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.