Bloomberg Daybreak: US Edition Daybreak Weekend: US Jobs, Winter Olympics, Japan Election
Jan 30, 2026
James McIntyre, Bloomberg economist on Australia/New Zealand, explains administered price effects and RBA tensions. Paul Jackson, EcoGov Japan/Korea analyst, breaks down the snap election, fiscal moves and defense shifts. Tommaso Ebhart, Milan bureau chief, reports on Milano Cortina readiness and climate risks. Michael McKee previews U.S. payrolls and labor trends. Mandeep Singh previews big tech earnings, cloud competition and AI-driven chip demand.
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Big Tech Earnings: Google Growth And Cloud Strength
- Google should show top-line acceleration in search and YouTube, with YouTube possibly hitting high-teens growth.
- Mandeep Singh expects Google Cloud to accelerate and deliver better gross margins due to TPUs and deal wins.
AI Compute Is The Key Differentiator
- Cloud AI demand is insatiable and compute supply constraints shape results for hyperscalers.
- Google’s TPUs may give it efficiency and margin advantages versus GPU-dependent peers like Microsoft.
January Jobs: Modest Gains, Stable Unemployment
- January nonfarm payrolls are expected to show steadying with unemployment around 4.4% and ~70,000 jobs.
- Michael McKee warns revisions, population estimate updates, and labor-force changes could alter interpretation.