Bloomberg Daybreak: Asia Edition Daybreak Weekend: CPI Preview, Reeves Statement, BYD Earnings
Mar 21, 2025
Stuart Paul, a U.S. economist with Bloomberg Economics, discusses upcoming U.S. CPI and PCE data, highlighting the implications for inflation and Federal Reserve policy. Meanwhile, Danny Lee, Bloomberg's Asia transport reporter, dives into BYD's earnings, revealing the company's ambitious goals as it aims for $100 billion in sales. They explore BYD's innovative technologies and strategies in the fiercely competitive electric vehicle market, including its global expansion efforts and challenges posed by tariffs.
AI Snips
Chapters
Transcript
Episode notes
Q4 2024 US Economic Growth
- The US economy grew at a 2.3% annualized pace in Q4 2024, driven by consumer spending.
- Growth is expected to slow in 2025 amid policy uncertainty.
Q1 2025 Consumer Spending
- Consumer spending in Q1 2025 is expected to be choppy, with a decline in January and a rebound in February.
- February's rebound is driven by auto sales, healthcare spending, and discretionary goods.
February PCE Inflation
- February's PCE inflation is expected to be high, driven by financial services, food services, and healthcare.
- Rising goods inflation is troubling, especially with new tariffs.