Trump Expected to Nominate Kevin Warsh as Fed Chair

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• 00:02

  President Trump prepares to tap Kevin Warsh as his pick for Fed chair.

• 00:07

  Plus, the White House and Democrats close in on a deal to avoid a government shutdown.

• 00:12

  And Apple shares tread water as investors look past a bumper earnings beat to a looming chip shortage.

• 00:19

  that tells you something about people potentially concerned with these cost pressures that may be coming down the line for the components that go into the iPhone that could hit Apple's margins.

• 00:30

  It's Friday, January 30th.

• 00:31

  I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of What's News,

• 00:36

  the top headlines and business stories moving your world today.

• 00:43

  The pick is in.

• 00:45

  President Trump is expected to nominate Kevin Warsh to lead the Federal Reserve today,

• 00:50

  ending months of deliberations that had seen a number of candidates effectively auditioning for the job.

• 00:56

  So what would Warsh-led Fed look like?

• 00:59

  Here's journal finance editor Alex Frankos.

• 01:01

  Warsh is very much the candidate that Wall Street and markets probably are most comfortable with.

• 01:06

  He's a former Fed governor.

• 01:08

  He has deep ties on Wall Street.

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  But in recent years, he's become more of a Trumpian economic thinker.

• 01:14

  He's been very pro-rate cut during this process,

• 01:17

  something that will have been pleasing to Trump's ears.

• 01:19

  But the question is, which Kevin Warsh will show up at the Fed?

• 01:23

  Is it going to be the old Kevin Warsh,

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