Bloomberg Daybreak: Asia Edition Trump and Xi Agree to More Talks; Can Apple Afford to Leave China?
7 snips
Jun 6, 2025 Guests Robert Schein, Chief Investment Officer at Blanke Schein Wealth Management, and Catherine Thorbecke, Bloomberg Opinion columnist, delve into the heated trade discussions between President Trump and China's Xi Jinping. They explore the fallout from Musk's public disputes with Trump, impacting Tesla's stock significantly. The conversation shifts to Apple's complicated manufacturing ties with China, questioning whether the iPhone giant can truly exit without facing major hurdles despite U.S. pressure. It's a captivating look at geopolitics and economics in tech.
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Trade Talks Signal Market Optimism
- Trump and Xi agreeing to more trade talks is an incremental but positive step for market bullishness.
- Progress towards normal China-US trade relations, even slow, is promising for global markets.
Trade War Risks Mutual Recession
- Both the U.S. and China risk inducing recessions through prolonged trade conflict.
- It's politically unwise for either side to continue escalating the trade war without resolution.
Fed May Cut Rates Soon
- The Federal Reserve may have a window to cut rates soon due to economic cooling.
- Investors should watch labor data and inflation as key factors influencing Fed policy.
