Apple stock under pressure, plus a look at Kevin Warsh, Trump's nominee for Fed Chair

分组1: Federal Reserve Leadership - President Trump has appointed Kevin Worsh to lead the Federal Reserve, ending speculation about the successor to Jerome Powell [8] - Worsh, a former Fed governor, has historically been seen as a hawk but may adopt a more pragmatic approach as chair [3][10] - Market reactions indicate a cautious optimism, with expectations that Worsh may not be as hawkish as previously thought [4][15] 分组2: Apple Earnings - Apple reported a record-breaking 16% increase in first-quarter revenue, driven by a 23% year-over-year rise in iPhone sales [30] - Despite strong sales, concerns about margins persist, particularly due to rising memory chip prices [31][34] - Analysts remain optimistic about Apple's ability to manage supply chain challenges and maintain pricing power [36][37] 分组3: Energy Sector Performance - Chevron and Exxon reported their narrowest profits since 2021, impacted by lower oil prices, with Brent averaging $64 per barrel compared to $75 a year ago [96][97] - Both companies are focusing on higher return, lower cost projects to sustain operations amid pricing headwinds [98][100] - The long-term outlook for oil demand remains positive, prompting both firms to plan capital expenditures with a view towards 2035 and beyond [101][102] 分组4: Industrials Sector Outlook - The industrials sector has shown strong performance, up more than 6% in early 2026, driven by optimism around capital spending and data center buildouts [50][51] - Analysts note that while there is a recovery, it is relatively sluggish outside of data center-related growth [56][57] - Companies in the sector are expected to continue growing earnings significantly, with some trading at attractive multiples despite recent market skepticism [58][60]