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Here's your morning brief for Wednesday, July the 30th. I'm Azhar Sukri for the Wall Street Journal.

Japan and parts of Northern California are under tsunami warnings after a powerful earthquake

struck off the coast of Russia's far east this morning local time. The US Geological Survey put

the magnitude of the earthquake at 8.8, making it one of the 10 biggest on record, if

confirmed. Officials in Hawaii have reduced the tsunami warning to an advisory, saying the

initial waves reaching the state weren't significant, but Governor Josh Green urged people

to remain cautious, saying it would be several hours before an all-clear

signal could be given. Investors will be closely watching the Federal Reserve's interest rate

update later today, with the central bank widely expected to leave its key rates unchanged in the

range of four and a quarter to four and a half percent. But this week's Fed meeting could see

something that hasn't happened in over three decades, more than one governor voting against

the chair. With Jerome Powell already under pressure from President Trump to accelerate the pace

of rate cuts, two of the president's appointees have said they support cutting rates, potentially going

against Powell. The Fed's interest rate decision is due out at 2pm Eastern. And Porsche

slashed its annual guidance again, partly to reflect the new European Union-US trade deal. The

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