Bloomberg Daybreak: US Edition
Daybreak Weekend: CPI Preview, Reeves Statement, BYD Earnings
Mar 21, 2025
Stuart Paul, a U.S. economist from Bloomberg Economics, shares insights on anticipated U.S. inflation data and its implications for economic growth. He dives into how tariffs are impacting the housing market, potentially affecting homebuyers and builders. Danny Lee, Bloomberg's Asia transport reporter, previews Chinese EV maker BYD's earnings, highlighting its market competition with Tesla and innovations in electric vehicle technology. Their discussion reveals significant trends affecting both the U.S. and global economies.
38:36
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- U.S. core inflation is expected to rise, influenced by higher health care and food service costs, suggesting ongoing challenges for the Federal Reserve.
- The introduction of tariffs on construction materials is likely to inflate housing costs significantly, complicating the already strained U.S. housing market.
Deep dives
Economic Growth in Q4
The U.S. economy showed a growth rate of 2.3% in the fourth quarter, primarily driven by robust consumer spending during the holiday season. This performance may see a slight upward revision due to adjustments in import strategies by firms responding to potential trade tensions. Although the growth outlook for the current year appears less optimistic amid policy uncertainties, the strong finish to 2024 reflects a resilient consumer base. In January, however, consumer spending took a dip, attributed to factors such as severe winter weather affecting auto sales.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
