Bloomberg Daybreak: US Edition Daybreak Weekend: Retail Preview, UK Budget, China PMI
Nov 21, 2025
Mary Ross Gilbert, a Senior Equity Analyst at Bloomberg Intelligence, dives into the retail landscape, highlighting Kohl's turnaround strategies and Abercrombie's appeal to Gen Z. John Liu, Bloomberg's Executive Editor for Greater China, reveals insights into China’s economic slowdown and the implications of rising geopolitical tensions with Japan. Dan Hanson, Chief UK Economist, discusses the UK’s fiscal challenges and the autumn budget’s cautious approach, while Kamakshaya Trevedi from Goldman Sachs shares market outlooks and sterling volatility ahead of the budget.
AI Snips
Chapters
Transcript
Episode notes
AI Momentum Helps Dell, But Margins Lag
- NVIDIA's strong results boost Dell's AI server sales outlook but raise profitability concerns for the sector.
- Dell's AI margins are guided conservatively, leaving upside only if they improve operationally.
Memory Price Spike Threatens PC Demand
- A recent spike in DRAM prices could pressure PC demand and near-term margins across hardware makers.
- Memory volatility makes traditional PC revenue and pricing dynamics a key risk for Dell.
Prioritize Operational Efficiency
- Dell must sustain cost cuts and streamline operations to hold high single-digit operating margins amid rising AI mix.
- Investors will watch operational changes closely to see if margins can improve beyond conservative guidance.