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Wall Street Breakfast

Megacaps vs. the Fed this week

25 Jan 2026

Transcription

Chapter 1: What major earnings reports are expected this week?

5.937 - 18.089 Kim Kahn

Welcome to Seeking Alpha's Wall Street Brunch, our Sunday look-ahead to this week's market-moving events, along with the weekend's top news and analysis. Hello, today is Sunday, January 25th, and I'm your host, Kim Kahn.

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18.49 - 34.68 Unknown

Those shouts you hear are echoing from the five points to Wall Street, where we see who holds sway over the market. The mega-cap companies born right-wise with the AI trade, or the Federal Reserve and its monetary policy? Challenger. Challenge accepted.

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34.7 - 55.603 Unknown

Apple, Microsoft, and Meta Platforms headline a heavy earnings calendar alongside results from Tesla, Boeing, Visa, MasterCard, ExxonMobil, and Chevron. In the old rivalry of DOS versus Mac, Microsoft's report will be closely watched for signs of AI-driven Azure growth and margins, while Apple's numbers should shed light on iPhone demand and its slower-moving AI strategy.

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55.583 - 69.326 Unknown

Seeking Alpha analyst KM Capital says the technical setup looks favorable, with Microsoft near oversold territory heading into earnings on Wednesday, while AI and cloud investments, backed up by a recent U.S. Air Force contract, continue to underpin growth.

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Chapter 2: How is the Federal Reserve's decision impacting the market?

69.847 - 90.601 Unknown

Despite tariffs and geopolitical friction with China, Apple is still expected to deliver its largest year-over-year revenue jump in four years when it reports Thursday. HSBC analyst Nicholas Kotkool says Apple's success is being driven largely by the iPhone 17 series, especially the Pro and Pro Max, as well as continued strength for the iPhone 16 in key emerging markets.

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Also on the earnings calendar, Tuesday we hear from Boeing, UnitedHealth, Texas Instruments, RTX, and General Motors. On Wednesday, Microsoft and Meta are joined by Tesla, IBM, and AT&T. Thursday brings payments and heavy machinery with Visa, MasterCard, and Caterpillar, and we wrap up on Friday with ExxonMobil, Chevron, American Express, and Verizon.

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Turning our attention to the Fed, the FOMC rate decision comes Wednesday, but with the market pricing in a 99% chance that rates stay steady, never mind all that. The question is what Chairman Jerome Powell will say about the criminal investigation launched by the White House into him and the Fed about the renovation of the central bank's HQ.

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128.737 - 141.583 Unknown

The easy answer is that he'll say he can't comment on an ongoing investigation, but he already has, coming out with one of the boldest challenges of any part of the government to President Trump when he tied the subpoenas directly to Trump's desire for lower rates.

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Seeking Alpha analysts have emphasized that the investigation represents an unprecedented escalation since the Fed's creation in 1913. This past week, Powell got some perceived backing from the Supreme Court as justices expressed unease over Trump's attempt to oust Federal Reserve Governor Lisa Cook.

Chapter 3: What challenges is Jerome Powell facing with the White House investigation?

158.438 - 174.932 Unknown

In Davos, Trump said he had no plans to fire Powell, but also said the Fed chief would not be happy if he stays on as governor when his term expires as chairman. In the news this weekend, the powerful winter storm disrupted air travel across much of the United States, triggering thousands of flight cancellations at major airports.

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The storm brought snow, ice and freezing rain across a wide swath of the country, putting nearly 180 million people under weather alerts. Trump threatened to implement 100% tariffs on goods imported from Canada if the country goes ahead with a newly signed trade agreement with China.

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He posted, If Canada makes a deal with China, it will be immediately hit with a 100% tariff against all Canadian goods and products coming into the USA. And American workers have embraced artificial intelligence at a remarkable pace, according to a new Gallup poll, which shows that AI tools are now embedded in daily routines across multiple industries. A survey of more than 22,000 U.S.

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workers found that 12% of those employed adults now use AI daily in their jobs, with about a quarter using it a few times a week. Nearly half report using AI at least a few times a year, a big jump from 2023 when just 21% used AI even occasionally. And that last segment was edited by my beloved AI assistant.

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Chapter 4: How is the winter storm affecting travel and the economy?

229.47 - 243.473 Unknown

And for income investors, Clorox and Paychex go ex-dividend on Wednesday. Clorox pays out on February 13th, with Paychex paying out on February 27th. On Friday, Costco and Morgan Stanley go ex-dividend, both paying out on February 13th.

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243.453 - 261.529 Kim Kahn

That's all for today's Wall Street Brunch. Look for links to stories in the show notes section. Don't forget, these episodes will be up with transcriptions at seekingalpha.com slash WSB. And join the elite community of real investors to unearth great investing ideas. Just head to seekingalpha.com slash subscriptions.

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