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Warsh Confirmed, Tech Soars, Beer Sales Plummet
Description
Stock futures rise as Senate confirms Kevin Warsh as Fed chair, narrowly passing with 54 votes. Warsh, a critic of current monetary policy, plans major changes at the Fed. President Trump and Chinas Xi Jinping discuss Iran conflict, economic ties, and Taiwan, agreeing to reopen the Strait of Hormuz. Tech stocks surge, driving S&P 500 to new highs despite hotter-than-expected producer prices. Ciscos earnings soar with AI orders, shares jumping despite job cuts. Beer sales plummet due to high gas prices, California seeing a 16% drop. Investors brace for market volatility.
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