Jeffrey SchmidKevin WarshStephen ZagorBeth HammackHaio BarbeitoRichard DicksonTaylor FarmsFederal ReserveCleveland FedColumbia Business SchoolKansas City FedCNBCGap Inc.Old Navy

Trump signs order renaming Lake Ontario to Lake America; Warsh speaks from Wyoming, Old Navy names new CEO, Taylor Farms' rise detailed in Morning Squawk

In a series of notable developments, President Trump has signed an order renaming Lake Ontario to Lake America, while Federal Reserve Chairman Kevin Warsh speaks at a symposium in Wyoming. Additionally, Old Navy announces a new CEO amid efforts to revitalize the brand, and Taylor Farms' growth is highlighted.

CNBC CNBC28 August 2026 · 13:52 UTC
CuriousCats Full Story

President Trump has officially renamed Lake Ontario to Lake America, a move that has sparked discussions about national identity. Meanwhile, Federal Reserve Chairman Kevin Warsh is set to address economic concerns at the annual symposium in Jackson Hole, Wyoming, where economists are eager for insights on the rate outlook.1

In corporate news, Old Navy has appointed a new CEO, Haio Barbeito, as part of a strategic effort to revitalize the brand, which has faced declining sales. Gap CEO Richard Dickson described the transition as "a planned and thoughtful transition," reflecting the company's commitment to recovery. Following the announcement, Gap's shares surged over 16% in after-hours trading, despite a mixed quarterly report showing 52 cents in adjusted earnings per share, beating expectations, but $3.65 billion in revenue falling short of forecasts.

Additionally, Taylor Farms has emerged as a leading producer of fresh-cut vegetables and salads, highlighting the trend of industry consolidation. The company has made over a dozen acquisitions since 2011, raising questions about supply reliability and labor costs. Stephen Zagor, a restaurant consultant, noted, "The consolidation has camouflaged sources... if that pot has now gone bad, that affects the entire downstream logistic food chain."

Key Insight
“The order is part of a broader Morning Squawk roundup that also covers Federal Reserve Chairman Kevin Warsh's Jackson Hole speech, where economists are split on rate outlook. Additionally, Gap's shares surged over 16% after naming a new Old Navy CEO, and Taylor Farms' consolidation since 2011 raises supply chain concerns.”
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“Federal Reserve Chairman Kevin Warsh will from the central bank's annual symposium in Jackson Hole, Wyoming, this morning.”
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CuriousCats STORYARC
EARLIER IN THE STORY:
CNN
Trump's 'Lake America' move revives one of his biggest political flops; polls show Americans oppose renaming 70%-25%

Trump signed an executive order to rename Lake Ontario as 'Lake America' after Canada declined to capitulate in the trade war he recently launched.

Canada 51st StateCnnIpsos
2026-08-28
TL;DR by CuriousCats.ai
  • Trump signed an order renaming Lake Ontario to Lake America, a move that has sparked significant public backlash.
  • An Ipsos poll showed Americans opposed the renaming 70%-25%, with 8 in 10 independents and 45% of Republicans opposed, and more than four times as many strongly opposed (46%) as strongly supported (10%).
  • A later Marquette poll showed Americans opposed the renaming 71%-29%, making it the most unpopular among eight tested items.
  • CNN polling indicated that Americans also opposed renaming the Kennedy Center after Trump, with a majority favoring changes to institutions like it.
  • A Pew Research Center poll revealed that only a small percentage of Americans think it is appropriate to name things after Trump while he is still president.
  • The main reason for the unpopularity of renaming is that Americans are more sympathetic to Canada than Mexico, with tariffs against Canada being narrowly more unpopular than those against Mexico.
Trump signs order renaming Lake Ontario to Lake America; Iran drafts conditions for reopening Strait of Hormuz as Qatar PM visits Tehran
The Indian ExpressThe Indian Express
Trump signs order renaming Lake Ontario to Lake America; Iran drafts conditions for reopening Strait of Hormuz as Qatar PM visits Tehran

Iranian security chief Mohsen Rezaei said Tehran is drawing up conditions for reopening the Strait of Hormuz, insisting Washington must first take concrete steps to meet its demands.

Gulf BlockadeGulf Naval BlockadeHormuz Reopening
2026-08-28
TL;DR by CuriousCats.ai
  • President Donald Trump has signed an order renaming Lake Ontario to Lake America.
  • Mohsen Rezaei, Iranian security chief, stated that Iran is compiling conditions for reopening the Strait of Hormuz, emphasizing that Washington must take concrete steps first.
  • Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani visited Tehran for discussions with Iranian officials, including Foreign Minister Abbas Araghchi, focusing on a shipping corridor and potential US-Iran dialogue.
  • Iran and Oman have broadly agreed on a temporary shipping corridor through the Strait of Hormuz, but this does not indicate a broader reopening of the waterway.
  • A US source indicated that the Gulf naval blockade remains in place with no talks scheduled, despite hopes for resumed dialogue.
  • Mediators have urged Tehran to clarify its demands, which are expected to include an end to the regional war, lifting of US sanctions on Iranian ports, economic relief, and compensation.
NDTV
Canada's Carney slams Trump's renaming of Lake Ontario as 'Lake America'; says name stays 'now and always'

Canadian Prime Minister Mark Carney pushed back against US President Donald Trump's renaming of Lake Ontario as Lake America, citing the name's Indigenous origins.

Donald TrumpForeign PoliciesHydronyms
2026-08-28
TL;DR by CuriousCats.ai
  • US President Donald Trump signed an order renaming Lake Ontario as 'Lake America.'
  • In response, Canadian Prime Minister Mark Carney asserted that the name remains 'Lake Ontario — then, now and always.'
  • Carney highlighted the name's Indigenous origins as a reason for maintaining its original title.
  • He also mentioned that America is changing in terms of trading relationships, foreign policies, national monuments, and hydronyms.
Trump signs order renaming Lake Ontario to 'Lake America' in U.S. amid trade war with Canada; Canada says it will still call it Lake Ontario
The HinduThe Hindu
Trump signs order renaming Lake Ontario to 'Lake America' in U.S. amid trade war with Canada; Canada says it will still call it Lake Ontario

U.S. President Donald Trump signed an executive order renaming Lake Ontario as “Lake America” in the United States, effective immediately, as he escalates a trade war with Canada.

Canada TariffsGeographic Names Information ServiceGreat Lakes
2026-08-27
TL;DR by CuriousCats.ai
  • President Donald Trump signed an executive order on August 27, 2026, renaming Lake Ontario to Lake America in the U.S. amid escalating trade tensions with Canada.
  • The executive order updates the lake's name for the U.S. geographic naming service, but Canada is not obligated to follow this change.
  • Trade talks between the U.S. and Canada collapsed late last week, leading to new 50% tariffs imposed by the U.S. on $20 billion worth of Canadian goods.
  • Canada retaliated by imposing tariffs on an equal value of American goods, totaling $20 billion.
  • Industry Minister Melanie Joly stated, 'We'll always call it Lake Ontario,' reaffirming Canada's stance on the lake's name.
  • Trump's administration has been involved in a trade dispute with Canada, which has seen relations deteriorate significantly.
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