Bloomberg Daybreak: Europe Edition Daybreak Weekend: Jobs Preview, Poland Election, Trump Tariffs
Nov 30, 2024
Piotr Skolimowski, Bloomberg's Warsaw Bureau Chief, dives deep into Poland's upcoming presidential election, discussing the ruling party's strategy and opposition challenges, particularly for Donald Tusk. He analyzes how Poland's political landscape is evolving and its economic implications as the nation approaches its EU presidency. The conversation also touches on Donald Trump's proposed tariffs and their potential ripple effects on global trade and investment, while exploring their influence on the cryptocurrency market.
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November Jobs Report Impact
- The November jobs report, due Friday, will significantly impact Fed policy.
- The report's data, alongside other economic indicators, will influence the Fed's decision regarding further rate cuts.
October Jobs Report Analysis
- October's jobs report was weak due to strikes, Boeing's issues, and hurricanes.
- Experts question whether the expected rebound in November will be substantial.
Oil Market Stability
- Oil prices have remained stable between $70-75 since mid-October.
- Increased refining capacity contributes to lower gasoline prices despite steady demand.