Chip Stocks Crater, Fed Looms, and Coke Beats: July 28 Markets Wrap

A $1 trillion semiconductor sell-off led by Korea's Kospi and Nvidia's slide headlines a day where the Fed's rate decision and Trump's pressure on Chair Warsh loom large, Boeing rallies despite a big loss, Coca-Cola raises guidance, and Apple launches an iPhone leasing plan with Klarna. In this episode: • Markets brace for Fed decision amid Trump's calls for lower rates and political pressure — https://www.cnbc.com/2026/07/28/warsh-fed-rate-decision-trump-powell-analysis.html • Boeing posts wider-than-expected loss, but shares rally on strong revenue and backlog — https://www.cnbc.com/2026/07/28/boeing-ba-2q-2026-earnings.html • Tech stocks tumble as chip sell-off deepens, AI worries mount ahead of earnings — https://news.google.com/rss/articles/CBMipgFBVV95cUxPNkhJQS14Y3d3QkMxeG5XZmR3cldUel9CSk9pdDZrSDFkc0gydEgxSXQ1d0xzTi1OR29xVWEwUjJtV1k4V1p3WlZJeUZCbnB2MzJOYjBHRExWTmVobWlibGFqajlUcWx5emx2M01vYmNwcHlDM2FvYjRwU3o2M0szNVpyM3JwakJyRkZReUMyVk5GUklTWWczOXdFSUcwNkh1clFNVWJn?oc=5 • Coca-Cola beats earnings and hikes full-year outlook as demand for drinks climbs — https://www.cnbc.com/2026/07/28/coca-cola-ko-q2-2026-earnings.html • Apple launches new US iPhone leasing program with Klarna for $17.99/month — https://www.cnbc.com/2026/07/28/apple-plans-to-lease-iphones-for-17point99-a-month-through-klarna-deal.html