Story perspectives
Stocks Dip as Investors Back Warsh for Fed Chair
1/30/2026
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Story summary
- On January 30, 2026, the CNBC Investing Club with Jim Cramer reported a stock market decline as investors backed U.S. President Donald Trump's pick of Kevin Warsh for Federal Reserve Chair.
- Cramer cited Warsh's emphasis on growth over inflation.
- Apple fell despite strong iPhone sales, with Cramer recommending buying due to supply constraints.
- Guggenheim upgraded GE Vernova to Buy with a $910 target, citing electrification growth.
