Bloomberg Daybreak: US Edition Daybreak Weekend: Jobs Preview, France Conference, China-Iran Relations
Jun 27, 2025
In this insightful discussion, guests include Javier Blas, an energy and commodities columnist, Alan Katz, Paris Bureau Chief, Jenny Marsh, a Greater China EcoGov leader, and U.S. economist Stuart Paul. They dive into the upcoming June jobs report and its impact on the economy, addressing employment shifts and consumer behavior. The effects of the upcoming economic conference in France are explored, along with the burgeoning Sino-Iranian relations and their implications for global stability. The podcast also highlights the challenges of tariffs affecting US-China trade.
AI Snips
Chapters
Transcript
Episode notes
Stagflation Impact on Spending
- May's personal income declined while core inflation rose, showing stagflation characteristics in the US economy.
- Consumers cut discretionary spending as tariffs and higher prices squeeze incomes and budgets.
Cooling US Labor Market Forecast
- June US jobs report forecasts only moderate job growth amid cooling labor markets.
- Unemployment is expected to rise to 4.3%, nearing the Federal Reserve's year-end target.
Oil Market Stability Despite Tensions
- Oil prices are stable as markets believe Middle East tensions will not disrupt supply or close Strait of Hormuz.
- OPEC plans to increase production, potentially leading to oil surplus by late summer.