CNBC Daily Open: We'll soon find out who the new Fed chair is
U.S. President Trump is set to announce his pick for the next Federal Reserve chair, with former Fed Governor Kevin Warsh as the favorite, according to prediction market Kalshi. This announcement comes amid significant market movements, including a 16% revenue increase for Apple, contrasting with a 10% drop in Microsoft shares. The Dow Jones rose slightly, while other indexes fell. Additionally, Denmark praised talks with the U.S. over Greenland, and China's cabinet introduced a plan to boost consumer spending. Norway's sovereign wealth fund reported a record profit of $247 billion in 2025, driven by tech and banking sectors.
