Bloomberg Daybreak: US Edition Daybreak Weekend: Jobs Preview, Poland Election, Trump Tariffs
Nov 30, 2024
Piotr Skolimowski, Bloomberg's Warsaw bureau chief, dives into Poland's dynamic political landscape as it gears up for a presidential election. He discusses the implications for relations with Ukraine and the EU's ongoing tensions over democratic reforms. The conversation also touches on Poland's burgeoning IT sector and its role within European tech. Switching gears, they analyze the impact of Trump's tariffs on China and the potential shake-up of international trade, alongside insights into the evolving cryptocurrency market.
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November Jobs Report Impact
- The November jobs report, due Friday, could significantly impact Fed policy.
- The report is expected to show a rebound from October's dismal numbers, influenced by strikes and hurricanes.
October Jobs Report Analysis
- October's jobs report was significantly impacted by a potential port strike, Boeing strike, and hurricanes.
- Despite these factors, the underlying trend shows a decline in monthly job creation due to the plateauing economy.
Fed's Decision on Rate Cut
- Economists predict around 200,000 jobs added in November, potentially even higher.
- The Fed's decision on another rate cut hinges on the unemployment rate and upcoming data.