CNBC Daily Open: From geopolitics to monetary policy, fighting takes center stage

Kevin Warsh, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, July 29, 2026. Al Drago | Bloomberg | Getty ImagesHello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC's Daily Open.Tensions in the Middle East are on the rise again, resurfacing worries about a prolonged conflict after President Donald Trump threatened to give Iran a "beating." The Fed is witnessing a "fight" of its own, while investors flee Meta's stock after the company's disappointing guidance. What you need to know todayEvents overnight raised the specter of a lot of fighting. The Fed members apparently fought amongst themselves, Trump warned of "beating" Iran, and investors pummeled Meta stock.The U.S Federal Reserve held rates unchanged in its meeting at 3.5%-3.75%, although the split 9-3 decision meant that not everyone was on board with the decision. Fed Chairman Kevin Warsh described it as a "family fight," saying "I asked for a good family fight, and I got one. That's the purpose. That's the design feature." Warsh said that while the Fed won't provide hints on where rate...