Wall Street reacts brutally to Fed chair Warsh’s interest rate hold: ‘the bond market puked on him

Good morning. On Fortune’s radar today:

Apple at $5 trillion: Extremely, scarily expensive .

Wall Street questions Warsh’s credibility after he left interest rates below the level of inflation, again.

Traders are losing patience with the war: “Whenever reports suggest that diplomacy is working, it probably isn’t.”