Bloomberg Daybreak: Asia Edition Daybreak Weekend: Fed Decision, Germany Chancellor, China Eco
May 2, 2025
John Liu, Bloomberg's executive editor for Greater China, and James von Moltke, CFO of Deutsche Bank, dive into pressing global economic issues. They discuss the anticipated Federal Reserve policy meeting and its implications for interest rates amid a robust job market. Liu provides insights into challenges facing China’s economy amid U.S.-China tensions, while von Moltke highlights political hurdles for Germany's next Chancellor, Friedrich Merz, as he navigates a complex coalition and tariff impacts.
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Fed's Cautious Monetary Stance
- The Fed is expected to hold rates steady despite a hot jobs market and low inflation.
- Inflation risks are skewed to the upside due to tariffs, suggesting cautious Fed policies.
Earnings and Consumer Stress
- Corporate earnings and guidance will be key next week, overshadowing Fed decisions.
- Companies face input cost pressures and expect to pass them to consumers who are financially stretched.
Disney's Diverse Business Challenges
- Disney’s parks make up over half its profits but face economic and competitive pressures.
- Streaming is stabilizing with improving profitability, showing a shift in Disney’s future strength.