Apple rises 1% pre-market after Hassett says likely to see investment commitment from Apple on Wednesday

Apple rises 1% pre-market after Hassett says likely to see investment commitment from Apple on Wednesday

Apple Inc. (AAPL) stock rose 1% in pre-market trading on July 2, 2025, following remarks by Kevin Hassett, the director of the White House National Economic Council, who hinted at a potential investment commitment from Apple on Wednesday [1].

Hassett, who is also a candidate for the Federal Reserve chair position, made the comment during an interview on CNBC. His statement comes amidst speculation that President Donald Trump is narrowing down his list of potential candidates to replace Jerome Powell, the current Federal Reserve chair [1].

Trump has been critical of Powell's policies and has publicly expressed his desire to see the Fed's interest rates cut further. Hassett, who has been supportive of Trump's economic agenda, has been mentioned as one of the potential candidates for the Fed chair position [1].

The news of Hassett's potential involvement in Apple's investment decisions has sparked interest among investors. While the exact details of the potential investment have not been disclosed, the market's positive reaction suggests that investors are optimistic about the possibility of new investment commitments from Apple [1].

In other financial news, KKR has lifted its offer for Spectris to $5.6 billion amid a bidding war with Advent. Additionally, the White House is preparing an executive order to punish banks that discriminate against conservative businesses, including crypto companies [2].

References:
[1] https://www.barchart.com/story/news/33896358/trump-narrows-fed-chair-candidates-to-four-excluding-treasury-secretary-bessent
[2] https://www.tradingview.com/news/DJN_DN20250805009061:0-dow-jones-top-financial-services-headlines-at-11-am-et-trump-rules-out-tapping-scott-bessent-as-fed-chair-kkr/