The Fed meeting, Ford earnings, Trump's investment portfolio and more in Morning Squawk - CNBC

What the report says

CNBC’s Morning Squawk highlighted several market-moving developments for Wednesday, led by the Federal Reserve’s policy decision due in the afternoon. CNBC reported that investors broadly expected the Fed to keep interest rates steady, despite some officials suggesting a hike could be considered. Attention was expected to focus on Fed Chairman Kevin Warsh’s 2:30 p.m. ET press conference for signals about internal debate. Stock futures were lower before the open after President Donald Trump said the U.S. would respond forcefully to an attempted Iranian attack on American forces in the Middle East, while oil prices rose more than 6%.

The newsletter also pointed to Ford’s second-quarter results. CNBC said Ford shares rose more than 5% in after-hours trading after the automaker beat earnings expectations and raised its full-year profit outlook, even though revenue missed estimates. CFO Sherry House told CNBC the company had been able to manage business pressures, and said F-Series pickup production should continue recovering in the second half after supplier-related disruptions.

CNBC separately reported on Trump’s 2025 annual financial disclosure, saying its analysis linked JPMorgan Chase, Charles Schwab, UBS and Stephens Inc. to at least four of eight numbered accounts tied to an $850 million investment portfolio. Financial experts cited by CNBC said the arrangements could place the banks in a notable position because of the president’s influence over financial regulation; the White House said there were no conflicts of interest.

Other items included Apple’s planned product-leasing partnership with Klarna, Nike’s continued sales decline in China, and Visa layoffs. CNBC said Visa plans to eliminate about 2,600 jobs, or 7% of its workforce, mostly in technology and product operations.