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Warsh's confirmation, Trump-Xi meeting, Cisco earnings and more in Morning Squawk

Cnbc · · 792 words · By Alex Harring
open_in_new Read the original article: https://www.cnbc.com/2026/05/14/5-things-to-know-before-the-market-opens.html

fact_checkFact-Check Results

17 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 7
check_circle Corroborated 5
info Single Source 4
verified Verified 1
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“Allegiant's acquisition of Sun Country closed yesterday.”
CORROBORATED
Multiple independent sources (Nypost, KTVU FOX 2, and other web results) confirm that Allegiant Air completed the acquisition of Sun Country Airlines.
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web search NEUTRAL — Allegiant Air Completes Historic Acquisition of Sun Country, Ushering in a New Era of Budget-Friendly Air Travel Across America.Allegiant Air, Sun Country complete merger, creating larger budget airli…
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
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web search NEUTRAL — Allegiant Air has completed its acquisition of Sun Country Airlines, creating a larger leisure-focused low-cost airline serving nearly 175 cities and 650+ routes. Travelers will see no immediate chang…
https://www.ktvu.com/news/allegiant-air-sun-country-merger-f…
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web search NEUTRAL — Allegiant Air and Sun Country Airlines have just completed their merger, whereby Allegiant has acquired Sun Country for $1.5 billion, including taking over $400 million of Sun Country’s net debt (so i…
https://onemileatatime.com/news/allegiant-sun-country-merger…
+ 1 more evidence source
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“The Senate confirmed Kevin Warsh as the next chair of the Federal Reserve yesterday”
CORROBORATED
Two independent news sources (Denver7 and Nbcwashington) confirm the Senate's confirmation of Kevin Warsh to lead the Federal Reserve.
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cross reference SUPPORTS — The U.S. Senate on Wednesday confirmed Kevin Warsh to lead the Federal Reserve.
https://www.denver7.com/news/national-news/who-is-incoming-f…
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cross reference SUPPORTS — The Senate confirmed President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh
https://www.nbcwashington.com/news/national-international/se…
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“The former Fed governor was confirmed with just 54 votes, the weakest support for any Fed chair since the position began requiring Senate approval in 1977.”
SINGLE SOURCE
The provided web search results for this claim are completely irrelevant, discussing a TV series about a cat named Kevin rather than the Senate vote for Kevin Warsh.
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web search NEUTRAL — Kevin: Created by Aubrey Plaza, Joe Wengert. With Jason Schwartzman, Amy Sedaris, Aparna Nancherla, Gil Ozeri. A life-long housecat decides that he doesn't want to live with people anymore.
https://www.imdb.com/title/tt32499838/
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web search NEUTRAL — After the unexpected break-up of his human owners, lovable and neurotic housecat Kevin (played by Jason Schwartzman) moves into a local pet rescue where a chaotic band of misfit animals help Kevin fig…
https://www.amazon.com/Kevin-Season-1/dp/B0GTC54QP2
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web search NEUTRAL — Apr 20, 2026 · The animated comedy 'Kevin', co-created by Aubrey Plaza and 'Big Mouth' alum Joe Wengert, follows a cat's enjoyably chaotic journey through New York.
https://variety.com/2026/tv/reviews/kevin-review-prime-video…
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“Sen. John Fetterman, D-Pa., was the only Democrat to vote for Warsh's confirmation.”
SINGLE SOURCE
The provided evidence consists of general lists of senators and Wikipedia pages about the Senate, but contains no specific information regarding Senator Fetterman's vote on Kevin Warsh.
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web search NEUTRAL — Senate composition by state and party. The United States Senate consists of 100 members, two from each of the 50 states. This list includes all senators serving in the 119th United States Congress. As…
https://en.m.wikipedia.org/wiki/List_of_current_United_State…
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web search NEUTRAL — Information on the requirements to become a senator, a senator's term of service, and the oath of office. Links to biographical information, Senate service accomplishments, military service, awards an…
https://www.senate.gov/senators/
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web search NEUTRAL — Find your member on a list to view their contact information.
https://www.congress.gov/members/find-your-member
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“The 56-year-old will succeed Jerome Powell, who plans to break with tradition and stay on as a governor at the central bank even after his term as chair ends.”
CORROBORATED
Multiple sources confirm Kevin Warsh is 56, is succeeding Jerome Powell, and that Powell intends to remain on the Federal Reserve Board as a governor.
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web search NEUTRAL — Warsh is set to succeed current Fed Chair Jerome Powell, whose leadership term expires this Friday. Although Powell will step down from the chairmanship, he will remain on the Federal Reserve Board as…
https://www.businesstoday.com.my/2026/05/14/us-senate-confir…
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web search NEUTRAL — Kevin Warsh is sworn in to testify during his Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing.Nearly four months later, Warsh was confirmed as the next Fed chair, succeedi…
https://www.aol.com/finance/meet-kevin-warsh-56-old-20300079…
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web search NEUTRAL — Powell has announced he intends to remain on the board as a governor after his chairmanship ends, adding that he plans to keep a low profile as a governor. His term as governor expires in January 2028…
https://www.chinadaily.com.cn/a/202605/13/WS6a03e209a310d686…
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“Trump's Beijing summit with Chinese President Xi Jinping is underway”
CORROBORATED
Two cross-references from Flipboard confirm that President Trump is meeting President Xi Jinping in Beijing for a multi-day summit.
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cross reference SUPPORTS — President Donald Trump is meeting in Beijing with Chinese President Xi Jinping for a multi-day summit
https://flipboard.com/topic/news/justice-department-hits-sou…
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cross reference SUPPORTS — President Donald Trump is meeting in Beijing with Chinese President Xi Jinping for a multi-day summit
https://flipboard.com/topic/news/southern-poverty-law-center…
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“Trump and Xi agreed on the need to open the Strait of Hormuz”
CORROBORATED
Multiple web search results (Daily Mail, Reuters photo caption, and other reports) confirm that Trump and Xi agreed the Strait of Hormuz must remain open.
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web search NEUTRAL — As Donald Trump and Xi Jinping met in China and agreed the Strait of Hormuz must stay open, Iran , one of Beijing's closest allies, is causing fresh chaos in the vital passageway.
https://www.dailymail.com/news/article-15817479/Chaos-contin…
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web search NEUTRAL — Leaders agreed the Strait of Hormuz must remain open to ensure global energy flows, while Xi expressed opposition to its militarization and signaled interest in buying more U.S. oil. Both sides also a…
https://www.foxnews.com/live-news/trump-heads-to-beijing-for…
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web search NEUTRAL — U.S. President Donald Trump meets Chinese President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026, in this photo released by Reuters."The two sides agreed that the Strait of Ho…
https://m-en.yna.co.kr/view/AEN20260514000955315
verified
“Treasury Secretary Scott Bessent said the U.S. is winning the artificial intelligence race against China”
VERIFIED
The Guardian reports that Treasury Secretary Scott Bessent stated the US is the 'undisputed leader in the world' of AI, supporting the claim that he believes the US is winning the AI race.
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web search NEUTRAL — ^ "According to CNBC, US Treasury Secretary Scott Bessent stated that lower interest rates would revitalise mortgages". VT Markets.United States secretaries of the treasury. Yale University alumni.
https://en.wikipedia.org/wiki/Scott_Bessent
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web search NEUTRAL — Both the United States and China are racing to develop A.I.-powered weapons that could wreak immense damage without human involvement. Powerful new A.I. models could enable cyberattacks that might cri…
https://www.nytimes.com/2026/05/13/world/asia/us-china-trump…
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web search NEUTRAL — US treasury secretary Scott Bessent said Washington and Beijing are able to discuss artificial intelligence guardrails because the US is “the undisputed leader in the world” of AI. “The two AI superpo…
https://www.theguardian.com/us-news/live/2026/may/14/donald-…
info
“The S&P 500 rallied back to all-time highs yesterday despite the fact that two-thirds of its members traded in the red.”
SINGLE SOURCE
The provided evidence for this claim is completely irrelevant, providing definitions and guides for the letter 'S' instead of financial market data.
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web search NEUTRAL — S (minuscule: s) is the nineteenth letter of the Latin alphabet, used in the English alphabet, the alphabets of other western European languages and other latin alphabets worldwide.
https://en.m.wikipedia.org/wiki/S
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web search NEUTRAL — Jul 30, 2020 · Learn to recognize the upper and lowercase letter S, how to write the letter S s and the sound that letter S makes. This series incorporates the modalities of visual, auditory and...
https://m.youtube.com/watch?v=vniciwSnfH8
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web search NEUTRAL — The letter “S” is one of the most versatile and significant components of the English alphabet. Representing the 19th position in the alphabet, “S” serves as a cornerstone for countless words, sounds,…
https://kawverse.com/s/
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“the Nasdaq Composite surging more than 1% to a new record.”
SINGLE SOURCE
The provided evidence contains general definitions of the Nasdaq-100 and the Nasdaq index but does not provide specific data regarding a recent 1% surge to a new record.
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web search NEUTRAL — Real time data on Nasdaq 100 including charts, technical analysis, NDX 100 stocks components and more.You can find more information by going to one of the sections on this page such as historical data…
https://www.investing.com/indices/nq-100
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web search NEUTRAL — Nasdaq-100 is a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It is a modified capitalization-weighted index…
https://en.wikipedia.org/wiki/Nasdaq-100
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web search NEUTRAL — A high-level overview of the NASDAQ index. Get the latest NASDAQ index chart, news, and analysis, including analyst predictions and forecasts for today.
https://seekingalpha.com/symbol/COMP:IND
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“The headline number climbed 1.4% in April for an annual gain of 6% — the largest monthly and yearly increases since 2022.”
PENDING
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“Cisco exceeded Wall Street's third-quarter expectations on both lines yesterday”
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“The networking company also said it would cut nearly 4,000 jobs this quarter.”
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“Cisco said it has brought in $5.3 billion in AI orders so far this year”
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“Cisco shares are up 33% year to date, outpacing the Nasdaq.”
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“U.S. volumes for beer, flavored malt beverages and cider fell more than 6% year over year in the week ending May 2.”
PENDING
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“California... has seen a 16% volume deceleration over a four-week period.”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.