Bloomberg Daybreak: Asia Edition Daybreak Weekend: U.S CPI, UK Security, China CPI
Sep 5, 2025
Mary Nicola, a Bloomberg Markets Live strategist based in Singapore, dives into key economic data impacting the global market. She discusses the anticipated China August CPI and PPI reports, highlighting the intricacies of deflation and the struggles in the retail sector. Nicola emphasizes the necessity for foreign investors to navigate these economic shifts amid geopolitical tensions. Additionally, the podcast touches on the implications of a slowing U.S. labor market on the Federal Reserve and the excitement surrounding Apple's upcoming product launches.
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Labor Market Cooling Changes Fed Outlook
- The U.S. labor market cooled sharply in August with only ~22,000 jobs added, well below the ~75,000 break-even pace.
- Stuart Paul says revisions reveal the labor market is weaker than previously thought, which shifts Fed expectations toward a September cut.
Position For A Modest September Rate Cut
- Expect a 25 basis-point Fed rate cut in September as the most likely outcome given the cooling labor market and 4.3% unemployment.
- Prepare portfolios and positions for a modest easing rather than a large multiple-rate cut this month.
iPhone Redesign Era Begins
- Apple will begin a multi-year iPhone redesign starting with iPhone 17 Pro models and a thinner iPhone 17 Air.
- Mark Gurman highlights camera changes and a 2mm thinner Air that will trade battery and some performance for marketable slimness.