Bloomberg Daybreak: Europe Edition Daybreak Weekend: Housing Data, German Elections, Alibaba Earnings
Feb 14, 2025
In this discussion, Oliver Crook, Bloomberg's Germany correspondent, delves into the key issues surrounding the upcoming German elections. He highlights economic challenges and the rise of the far-right AFD, exploring how these factors could reshape coalition dynamics and influence voter behavior. With polling trends indicating shifts in public sentiment, Crook sheds light on the significance of exit polls as election day approaches. His insights illuminate the intricate political landscape that could affect investor confidence and Germany's future.
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Current Housing Market
- The US housing market is currently soft due to low affordability and high mortgage rates.
- Builders are cautious and matching production with demand, impacting both new and existing home sales.
Rivian's Q4 Outlook and Challenges
- Rivian is expected to report positive gross margin in Q4, driven by internal changes and the need to meet targets for a Volkswagen partnership.
- Despite challenges like potential tax credit eliminations and tariffs, Rivian aims to expand its market with cheaper models.
German Election Overview
- German elections are approaching, with the CDU's Merz leading in polls, but coalition negotiations are expected to be challenging.
- Key issues include economic growth, security, and migration, with the far-right AFD's presence impacting the political landscape.