Bloomberg Daybreak: Europe Edition Catastrophic American Airlines Plane Crash, Earnings Deluge & Big Tech AI Bounce Back
Jan 30, 2025
A devastating midair collision involving an American Airlines regional jet and a military helicopter raises questions about airspace safety. Federal Reserve Chair Jerome Powell underscores a cautious approach to interest rates. Meanwhile, Tesla announces exciting plans for robotaxi operations, hinting at substantial upcoming growth. In the tech arena, scrutiny intensifies as Meta invests heavily in AI, while Microsoft struggles to meet the surging demand for its cloud services amid infrastructure challenges.
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Mid-Air Collision in Washington D.C.
- An American Airlines regional jet collided mid-air with a US Army helicopter near Reagan National Airport.
- A search and rescue operation is underway in the Potomac River.
Deutsche Bank's Record Quarter
- Deutsche Bank's fixed income trading division had a record fourth quarter, exceeding expectations.
- This positive performance was attributed to market volatility and geopolitical events.
Federal Reserve's Stance on Interest Rates
- Fed Chair Jerome Powell stated the Federal Reserve will wait for more evidence of decreased inflation before changing interest rates.
- He emphasized the need to observe the Trump administration's policies before assessing their economic impact.