economy
CNBC Daily Open: Warsh's Fed debut and Iran-U.S. deal in focus
Kevin Warsh chaired his first Fed meeting, sending stocks lower while Trump reportedly signed the deal with Iran.
TL;DR
- Kevin Warsh chaired his first Fed meeting, announcing new task forces and a revamped policy statement.
- U.S. stocks declined and Treasury yields climbed amid uncertainty over the Federal Reserve's monetary policy trajectory.
- A reported Iran-U.S. deal to end the war has led to lower oil prices, with potential for significantly higher supply volumes.
- AI leaders urged for a U.S.-led coalition to craft AI rules and standards at a G7 summit meeting.
- SpaceX added Roelof Botha to its board of directors.
- An Amazon AI executive predicts the first commercially useful quantum computers in five to seven years.