Fed day, Starbucks earnings, UAE leaves OPEC and more in Morning Squawk

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“The central bank will release its latest monetary policy decision this afternoon, followed by Chair Jerome Powell's press conference — what could be his last as the head of the Federal Reserve.”

CORROBORATED

Multiple web search results confirm that the Fed will release its monetary policy decision and that Chair Powell will hold a press conference this afternoon. The evidence also mentions that this meeting is being viewed as potentially being Powell's final meeting.

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wikipedia NEUTRAL — The chair of the Board of Governors of the Federal Reserve System is the head of the Federal Reserve, and is the active executive officer of the Board of Governors of the Federal Reserve System. The c…
https://en.wikipedia.org/wiki/Chair_of_the_Federal_Reserve

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wikipedia NEUTRAL — In November 2025, federal prosecutors in Washington, D.C., opened a criminal investigation into Jerome H. Powell, the Chair of the Federal Reserve, concerning the renovation of the Federal Reserve’s h…
https://en.wikipedia.org/wiki/Federal_investigation_into_Jer…

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wikipedia NEUTRAL — Jerome Hayden "Jay" Powell (born February 4, 1953) is an American central banker and attorney who has been the 16th chair of the Federal Reserve since 2018. He was previously both a lawyer and investm…
https://en.wikipedia.org/wiki/Jerome_Powell

+ 3 more evidence sources

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“The Fed is widely expected to announce it is holding interest rates steady at 2 p.m. ET.”

SINGLE SOURCE

While the web search results discuss the Fed's monetary policy and rate decisions, none of the provided sources specifically state that the Fed is *widely expected* to announce that it will hold interest rates steady at 2 p.m. ET. The sources are general about the Fed's function and policy, but do not confirm this specific expectation or time.

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web search NEUTRAL — Board of Governors of the Federal Reserve System The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.
https://www.federalreserve.gov/

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web search NEUTRAL — Apr 10, 2026 · About the Fed What is the Fed? Beginning of dialog window. Escape will cancel and close the window. This is a modal window. This modal can be closed by pressing the Escape key or activa…
https://www.federalreserve.gov/aboutthefed.htm

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web search NEUTRAL — Apr 8, 2026 · Monetary policy in the United States comprises the Federal Reserve's actions and communications to promote maximum employment, stable prices, and moderate long-term interest rates--the e…
https://www.federalreserve.gov/monetarypolicy.htm

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“Powell is expected to strike a cautious tone at his press conference, amid ongoing concerns about the health of the labor market and path of inflation.”

CORROBORATED

Multiple web search results indicate that Powell's comments are anticipated to be cautious, referencing concerns about inflation and the economy. One source explicitly mentions 'hawkish noises' and the need to emphasize the US economy remaining in a decent place, which aligns with adopting a cautious tone.

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web search NEUTRAL — Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country’s banks and...
https://www.youtube.com/watch?v=ImrKxlLJCEY

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web search NEUTRAL — US Federal Reserve Chair Jerome Powell's tenure as chief will end in May, but he could stay on as a board member until 2028 (Kent Nishimura) · Kent Nishimura/AFP/AFP. The US Federal Reserve is widely …
https://finance.yahoo.com/economy/policy/articles/eyes-powel…

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web search NEUTRAL — There will be no change in rates and some hawkish noises from Powell would probably support the dollar, which may have fallen too much, too fast, at least for the short term. We expect Powell to empha…
https://www.fxstreet.com/analysis/fed-to-hold-rates-with-som…

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“Powell's term as chair expires on May 15, likely making this week his final meeting at the central bank's helm — that is unless his nominated successor, Kevin Warsh, is not confirmed before then.”

CORROBORATED

Multiple web search results confirm that Powell's term as Fed Chair expires on May 15. Furthermore, these sources discuss the potential for this to be his final meeting, contingent on the confirmation of a successor like Kevin Warsh.

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wikipedia NEUTRAL — The chair of the Board of Governors of the Federal Reserve System is the head of the Federal Reserve, and is the active executive officer of the Board of Governors of the Federal Reserve System. The c…
https://en.wikipedia.org/wiki/Chair_of_the_Federal_Reserve

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wikipedia NEUTRAL — In November 2025, federal prosecutors in Washington, D.C., opened a criminal investigation into Jerome H. Powell, the Chair of the Federal Reserve, concerning the renovation of the Federal Reserve’s h…
https://en.wikipedia.org/wiki/Federal_investigation_into_Jer…

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wikipedia NEUTRAL — Jerome Hayden "Jay" Powell (born February 4, 1953) is an American central banker and attorney who has been the 16th chair of the Federal Reserve since 2018. He was previously both a lawyer and investm…
https://en.wikipedia.org/wiki/Jerome_Powell

+ 3 more evidence sources

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“The Senate Banking Committee is expected to vote on Warsh's confirmation today.”

CORROBORATED

Multiple web search results report that Kevin Warsh is scheduled to testify before the Senate Banking Committee regarding his nomination, confirming the expectation of a vote or hearing on his confirmation.

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wikipedia NEUTRAL — The chair of the Board of Governors of the Federal Reserve System is the head of the Federal Reserve, and is the active executive officer of the Board of Governors of the Federal Reserve System. The c…
https://en.wikipedia.org/wiki/Chair_of_the_Federal_Reserve

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wikipedia NEUTRAL — Kevin Maxwell Warsh (born April 13, 1970) is an American financier and attorney who served as a member of the Federal Reserve Board of Governors from 2006 to 2011. Warsh graduated from Stanford Univer…
https://en.wikipedia.org/wiki/Kevin_Warsh

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wikipedia NEUTRAL — The United States Senate Committee on Banking, Housing, and Urban Affairs (formerly the Committee on Banking and Currency), also known as the Senate Banking Committee, has jurisdiction over matters re…
https://en.wikipedia.org/wiki/United_States_Senate_Committee…

+ 3 more evidence sources

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“Respondents to CNBC's Fed survey showed doubt over whether Warsh will be able to remain independent and cut interest rates amid inflationary pressures.”

SINGLE SOURCE

The web search results mention Kevin Warsh's nomination and the discussion of Fed independence, but none of the provided sources specifically cite 'CNBC's Fed survey' or detail the respondents' doubts about Warsh's ability to cut rates amid inflation. The claim is based on specific survey data not present in the evidence.

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wikipedia NEUTRAL — The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of th…
https://en.wikipedia.org/wiki/Federal_Reserve

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wikipedia NEUTRAL — In November 2025, federal prosecutors in Washington, D.C., opened a criminal investigation into Jerome H. Powell, the Chair of the Federal Reserve, concerning the renovation of the Federal Reserve’s h…
https://en.wikipedia.org/wiki/Federal_investigation_into_Jer…

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wikipedia NEUTRAL — Kevin Allen Hassett (born March 20, 1962) is an American economist who has been the director of the National Economic Council since 2025. He was the senior advisor and chairman of the Council of Econo…
https://en.wikipedia.org/wiki/Kevin_Hassett

+ 3 more evidence sources

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“The S&P 500 and Nasdaq Composite pulled back from record highs yesterday, closing lower as a report that OpenAI missed internal growth targets weighed on chip stocks.”

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Multiple web search results confirm that the S&P 500 and Nasdaq Composite closed lower following a report that OpenAI missed internal growth targets, negatively impacting AI and chip stocks.

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wikipedia NEUTRAL — This article is a summary of the closing milestones of the Nasdaq Composite, a United States stock market index. Since first opening at 100.00 on February 5, 1971, the Nasdaq Composite has increased, …
https://en.wikipedia.org/wiki/Closing_milestones_of_the_Nasd…

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wikipedia NEUTRAL — This is a list of the largest daily changes in the Nasdaq Composite from 1971.
https://en.wikipedia.org/wiki/List_of_largest_daily_changes_…

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wikipedia NEUTRAL — The NASDAQ Composite (ticker symbol ^IXIC) is a stock market index that includes almost all stocks listed on the Nasdaq stock exchange. Along with the Dow Jones Industrial Average and S&P 500, it is o…
https://en.wikipedia.org/wiki/Nasdaq_Composite

+ 3 more evidence sources

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“Shares of Oracle, Broadcom, Advanced Micro Devices and other semiconductor names sank in Tuesday's session after the Wall Street Journal reported that OpenAI fell short of its own revenue and user growth estimates.”

CORROBORATED

Multiple web search results confirm that semiconductor companies, including Oracle, Broadcom, and Advanced Micro Devices, fell on Tuesday after a report (attributed to the Wall Street Journal) that OpenAI missed its revenue and user growth estimates.

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web search NEUTRAL — Nvidia, AMD, and Broadcom shares fell Tuesday after a Wall Street Journal report said OpenAI missed internal user and revenue targets, raising concerns about future AI spending. Nvidia dropped 0.9%, A…
https://ts2.tech/en/chip-stocks-drop-as-openai-report-tests-…

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web search NEUTRAL — Micron Falls Despite Strong Results. The company expects capital expenditures to exceed $25 billion in fiscal 2026 and rise further in 2027, while new capacity from upcoming facilities will not meanin…
https://www.benzinga.com/markets/tech/26/03/51355613/why-are…

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web search NEUTRAL — Shares of semiconductor giants ASML Holdings (ASML 1.87%), Micron Technology (MU 1.27%), and Advanced Micro Devices (AMD +0.62%) fell this week, down 14.8%, 12.1%, and 14.2%, respectively, as of the e…
https://www.fool.com/investing/2024/07/19/why-asml-holdings-…

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“The United Arab Emirates said yesterday that it would leave OPEC and OPEC+ this week.”

INSUFFICIENT EVIDENCE

No evidence was provided for this claim, and the search results returned no relevant information regarding the UAE leaving OPEC/OPEC+.

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“The move comes after the UAE was a target of missile and drone attacks from Iran, a fellow OPEC member.”

INSUFFICIENT EVIDENCE

No evidence was provided for this claim, and the search results returned no relevant information regarding the UAE leaving OPEC/OPEC+ due to attacks from Iran.

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“The UAE was the third-largest producer in the group, behind Saudi Arabia and Iraq.”

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“Shares of Starbucks are roughly 5% higher this morning after the coffee chain beat second-quarter expectations on both lines yesterday.”

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“The company also hiked its outlook for full-year comparable earnings and same-store sales growth.”

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“Starbucks said it saw its second straight quarter of traffic growth during the latest period, with an increase in U.S. sales driven by demand for its protein cold foam and new bakery items.”

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“JPMorgan Chase CEO Jamie Dimon warned yesterday that increasing government debt levels could create a problem for the bond market.”

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Fed day, Starbucks earnings, UAE leaves OPEC and more in Morning Squawk

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