The Dow's losing streak, fertilizer prices, Novo Nordisk's new Wegovy shot and more in Morning Squawk
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By Alex Harring
Published on March 20, 2026.
President Donald Trump has indicated that the Justice Department should continue its investigation into Federal Reserve Chair Jerome Powell, despite a judge's decision to block subpoenas issued as part of the probe. This could make it harder for Kevin Warsh, Trump's nominee to succeed Powell, to be confirmed. The U.S.-Iran war is threatening the global supply of helium, a key component in semiconductor manufacturing. Meanwhile, fertilizer prices are rising due to a transit breakdown in the Strait of Hormuz, which could give Democrats an affordability pitch in agriculture-focused states ahead of the U.s.
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