Key Market Updates Ahead of Fed Decision and Corporate Earnings

U.S. stock futures slipped this morning as markets anticipate the Federal Reserve's 2:30 p.m. ET press conference, where Chairman Kevin Warsh is expected to keep interest rates unchanged despite hints from some officials about a possible hike. Analysts note that President Donald Trump praised Warsh but warned that other Fed governors may have political motives.

Ford Motor Co. shares rose more than 5% after the automaker posted better-than-expected second-quarter earnings and raised its full-year forecast, although revenue fell short of estimates. CFO Sherry House said the company has been able to absorb recent headwinds and expects production of its F-Series pickup to recover in the second half of the year.

A review of President Trump’s 2025 financial disclosure shows his $850 million investment portfolio is linked to JPMorgan Chase, Charles Schwab, UBS and Stephens Inc., according to CNBC analysis corroborated by industry experts. White House spokesperson Anna Kelly said there are no conflicts of interest.

Apple announced a partnership with Klarna to offer a lease-to-own program for iPhones and other devices, allowing customers to pay as little as $17.99 a month for up to two years. The move follows recent price increases and comes ahead of Apple’s quarterly earnings report.

Nike’s sales in China have fallen for eight consecutive quarters, dropping 30% since 2021, as younger consumers turn to domestic brands. “Nike has become irrelevant to many young shoppers,” said consumer expert Yaling Jiang.

Visa disclosed plans to cut about 2,600 jobs, roughly 7% of its workforce, primarily in technology and product operations.