Bloomberg Daybreak: US Edition Trump Accuses Xi of ‘Conspiring Against US’ With Putin, Kim; Global Bond Selloff Deepens
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Sep 3, 2025 Tensions escalate as Trump accuses Xi Jinping of teaming up with Putin and Kim Jong Un against the U.S. Meanwhile, the global bond market faces a selloff fueled by fears of inflation and fiscal discipline. In a landmark ruling, Google avoids selling its Chrome browser while being required to share search data with competitors, following findings of an illegal monopoly. Political and economic shifts between China and the U.S. are highlighted, alongside growing uncertainties in the bond market.
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Parade Projects China’s Global Ambition
- Xi used the parade to project strength domestically and internationally through pageantry and modern weaponry.
- The event signaled China asserting alternative power blocs alongside Russia and others.
Trump’s Social Post Reacts To Parade
- President Trump posted on social media accusing Xi, Putin, and Kim of conspiring against the U.S. without elaboration.
- Trump also told reporters the parade did not pose a threat and said China wouldn't aim its military at the U.S.
Fed Chair Search Signals Focus On Independence
- Treasury is interviewing candidates to replace Jay Powell, indicating a competitive Fed selection process.
- Observers say the next Fed leader needs strong economics grounding and independence.