WE SHOULD THROW DATA PRIVACY DATA BREACH IN THERE SO THAT WE GET IT RIGHT AND WE HAVE A GO PLAY STANDARD THAT THE EU CAN BE INSTRUCTED BY. LISA: PEOPLE ARE CONCERNED ABOUT THIS MARKET TRANSITION AND THE PAIN THAT COULD COME ALONGSIDE IT. IT IS ONE WEITZEN -- ONE REASON WHY PEOPLE ARE SAYING IT MIGHT BEHOOVE THE FED TO CUT RATES AGGRESSIVELY IN ORDER TO EASE THE PAIN FOR A NUMBER OF INDIVIDUALS WHO OTHERWISE MIGHT BE LOSING THEIR JOB.HOW MUCH ARE YOU FEELING SATISFIED IN THE PROCESS THAT YOU COULD GET A HEAR ...

U.S. Sen. Thom Tillis (R-NC) speaks to reporters as he arrives to a Senate Republican meeting at the U.S. Capitol on January 30, 2026 in Washington, DC.Sen. Thom Tillis on Wednesday recommitted to his blockade of Kevin Warsh's nomination to lead the Federal Reserve until the Department of Justice ends its investigation into Fed Chair Jerome Powell. Tillis, R-N.C., said in an interview on CNBC's "Squawk Box" that he's "willing to let it play out for the remainder of this Congress, if that's what's necessary ...

Not everyone though is a fan of the president's pick. 314 Research co-founder Warren Pi is writing on X that Kevin Warsh was the worst pick of the four candidates and will not garner trust from the market. Warren joins us this morning to talk more about that.Warren, appreciate the time as always. Good to see you. >> Good to see you.>> Uh you're not alone either. I think Ren Mack has been fairly critical. What do you think is the problem with this pick.Yeah, I I as I laid out there, I think that he is workin ...

Core Viewpoint - Precious metals and oil prices are experiencing significant losses, primarily triggered by U.S. President Trump's nomination of Kevin Warsh as the successor to Federal Reserve Chair Jerome Powell [1][11]. Precious Metals Market - Spot gold prices fell 3.2% to $4,713.39 per ounce, following a historic drop of over 9% on Friday, marking the sharpest one-day decline since 1983 [2]. - Spot silver prices decreased by 2.7% to $82.29 per ounce, having dropped over 31% on Friday, which is its worst daily performance since 1980 [2]. - Analysts suggest that the recent downturn in precious metals is part of a broader market decline, with the pan-European Stoxx 600 index reflecting losses from Asia-Pacific markets [3]. Investment Strategies - JPMorgan's global investment strategist, Grace Peters, emphasizes the importance of geopolitical hedges and safe-haven assets, asserting that gold remains the best geopolitical hedge [4]. - Peters maintains a forecast of $6,500 per ounce for gold by year-end, driven by factors such as central bank buying and institutional investor support [5]. - The current allocation of gold in institutional and retail portfolios is around 3%, indicating potential for increased investment in gold [8]. Market Sentiment and Future Outlook - The sell-off in precious metals began due to fears regarding the Federal Reserve's independence and expectations of a declining U.S. dollar [10]. - The nomination of Warsh has led to a reevaluation among investors, as he has advocated for reducing the Fed's balance sheet, creating uncertainty in the market [11][12]. - Some analysts view the recent sell-off as a "healthy correction," suggesting that prices may stabilize and recover in the coming months, with expectations of gold reaching $5,020 per ounce and silver at $88 per ounce by year-end [15][16]. Oil Market - Oil prices also declined, with Brent crude futures falling 5% to $65.88 per barrel and U.S. West Texas Intermediate futures down 5.3% to $61.76, marking the steepest single-session decline in over six months [18]. - The decline in oil prices is attributed to signals of de-escalation in U.S.-Iran tensions, as President Trump indicated that the two nations are "seriously talking" [17].

For more on Kevin Wars and what it could mean for the future of the Fed, let's bring in former Cleveland Fed President Loretta Mester. Loretta, great to see you. >> Nice to see you, too.>> I'm I'm so happy to have you here and get your take on this. And and I'm just wondering, you know, Kevin Worsh known known person. He's a very qualified person.He's been on the Fed, but his views have changed. I mean, he was known as an inflation hawk and then he he switched seemingly in the past year or so. Do you have a ...

Core Viewpoint - Precious metals experienced a significant sell-off following President Trump's announcement of Kevin Warsh as the new Federal Reserve chairman, ending a prolonged rally in the sector [1]. Group 1: Precious Metals Market Reaction - Silver prices plummeted by as much as 33% to $78 per ounce during midday trading, marking a potential historic decline, the worst single-day drop since 1980 [2]. - Just a day prior, silver was on track for its best monthly performance since the U.S. Civil War, having surged approximately 60%, but this was reduced to a monthly gain of around 10% by the end of January [3]. - Gold prices fell below $5,000, dropping to $4,700 per ounce, which represents a 12% decline, potentially marking gold's worst session since March 1980 if sustained [4]. Group 2: Market Sentiment and Federal Reserve Implications - The sharp decline in precious metals reflects market interpretations of Warsh's nomination, as he is viewed as a hawk focused on inflation control rather than employment support [5]. - The perception of Warsh's stance has diminished earlier concerns regarding the Federal Reserve's credibility and independence under political pressure, leading to a significant reversal in the "debasement trade" that had characterized market trends throughout January [6]. Group 3: Broader Market Impact - Equity markets also reacted negatively, with the Nasdaq 100 falling 1.1%, the Dow Jones slipping 0.9%, and the S&P 500 declining 0.6%, although the sell-off magnitude was less severe than in precious metals [7]. - Macro data indicated that U.S. producer prices rose by 0.5% month over month in December, exceeding the 0.2% consensus forecast, which further reinforced inflation concerns [7].

Market Reaction to Fed Chair Nomination - The nomination of Kevin Worsh as the new Fed chair has led to a negative reaction in the markets, with declines observed across major indices, particularly the Russell 2000, which has given back more than others [2][3]. Precious Metals Performance - Silver has experienced a significant decline, described as being "obliterated," while gold is also down, indicating a broader trend in precious metals following the Fed chair announcement [3][21]. - The volatility in silver prices has been attributed to retail investors' rapid trading activity, particularly in the options market, where open option contracts have surged [6][7]. Retail Investor Influence - Retail investors are no longer seen as "dumb money" but rather as quick and savvy participants in the market, significantly impacting the price movements of silver and gold [5][20]. - The recent trading frenzy in silver options surpassed that of NASDAQ options, indicating a potential mania phase among retail traders [8][20]. Central Bank Asset Allocation - Central banks have been shifting their asset allocations, moving away from US Treasuries and into gold and silver, which has been exacerbated by retail momentum [15][20]. - The recent changes in central bank strategies may lead to a pause in the upward momentum of precious metals, as they are unlikely to sell off their gold and silver holdings [15][21]. Market Sentiment and Future Outlook - The market sentiment surrounding Worsh's nomination suggests a belief in the preservation of Fed independence, which may stabilize the market environment [3][10]. - Despite the current downturn in precious metals, there is a belief that the long-term uptrend remains intact, and the recent price corrections may allow for a healthier market reset [21][22].

Core Viewpoint - President Trump's nomination of Kevin Warsh as the next Federal Reserve chair raises concerns about the independence of the Fed and faces opposition in the Senate [1][2]. Group 1: Nomination and Market Reaction - Warsh is viewed as a hawkish choice with strong Wall Street ties, advocating for multiple reforms of the central bank [1]. - The market is reacting negatively to Warsh's nomination, indicating worries about Fed independence, as noted by Gennadiy Goldberg from TD Securities [4]. - Warsh's long-standing criticism of the Fed's dovish stance makes him a challenging figure for markets to interpret over the long term [5]. Group 2: Monetary Policy Expectations - President Trump has expressed expectations that the next chair will align with his administration's monetary policy, which has raised global concerns about the Fed's independence in setting interest rates [2]. - Warsh's appointment may lead to pressure on longer-dated yields while potentially reducing the need for hedges against inflation due to fears of debt monetization [6]. Group 3: Senate Opposition - Senator Thom Tillis has announced his opposition to Warsh's nomination until the Department of Justice's investigation of current Fed Chair Jerome Powell is resolved [7][8].

Is closing the investigation enough a senator, or do you need other assurances that you think this administration is going to respect the Fed independence. Well, right now I think you do that by making a judgment. Look, we've got two cases here, right. We've got the Cook case and we have the Powell case.Both of those, to me, are instances of trying to undermine the credibility of the Fed independent. And I'm I'm staying focused on that one goal. I'm not really persuaded or even willing to entertain any disc ...

Core Viewpoint - The nomination of Kevin Warsh to succeed Chairman Powell is seen positively, but ongoing investigations may delay the confirmation process and impact the Federal Reserve's operations [1][22]. Group 1: Nomination and Confirmation Process - Kevin Warsh has been nominated by the President to succeed Chairman Powell, and he is regarded as a qualified nominee with a strong understanding of monetary policy [1][15]. - The confirmation process is currently hindered by ongoing investigations, which may take time to resolve before the Senate can proceed with the nomination [3][22]. - There is a concern that if the investigations linger, it could create uncertainty at the top of the Federal Reserve, especially if Chairman Powell steps down [3][10]. Group 2: Investigations and Federal Reserve Independence - The investigations are perceived as potentially frivolous and may undermine the credibility of the Federal Reserve's independence [2][12]. - There are two key cases affecting the confirmation: the Powell case and the Cook case, both of which need resolution for the nomination process to move forward [7][10]. - The importance of maintaining the Federal Reserve's independence is emphasized, with concerns that the investigations are politically motivated rather than based on substantive allegations [12][13]. Group 3: Future Implications - The timeline for resolving the investigations is uncertain, with potential scenarios suggesting they could extend for years, impacting the Federal Reserve's leadership [20][21]. - The administration's actions in nominating Warsh may indicate a willingness to expedite the resolution of the investigations, suggesting a recognition of the need for clarity regarding criminal intent [22][19]. - The ongoing discussions between the Senate and the administration reflect a commitment to uphold the institutional separation and independence of the Federal Reserve [19][23].