AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Bloomberg Daybreak: Asia Edition
Alphabet Earnings Miss Estimates, China Launches Retaliatory Probe
Feb 5, 2025
Annabelle Droulers, Bloomberg Tech Correspondent based in Hong Kong, dissects Alphabet's disappointing earnings as concerns mount over its cloud revenue and increasing investor caution amid fierce AI competition. She also sheds light on China's retaliatory antitrust probe against the tech giant, framed within the context of escalating U.S.-China trade tensions. The discussion culminates in an analysis of how these tariff dynamics impact currency markets, especially regarding the offshore yuan and broader Asian economies.
14:40
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Alphabet's disappointing earnings, particularly in its cloud division, raise concerns about financial sustainability amid intense competition and high capital expenditures.
- The U.S.-China trade war is exacerbating currency volatility in Asia, impacting not only China but also trade-dependent economies like Vietnam and Korea.
Deep dives
Impact of U.S.-China Tariffs on Alphabet
The implementation of U.S. tariffs on Chinese goods has prompted a retaliatory response from China, including an investigation into Alphabet for alleged antitrust violations. The focus of this investigation centers on the dominance of Google's Android operating system in China's smartphone market, where it holds a significant share. Despite these developments, Alphabet's stock price surprisingly did not fluctuate significantly after the news, closing 2% higher, indicating investor focus on broader earnings insights rather than immediate geopolitical tensions. This situation reflects the complex interplay between international trade conflicts and individual corporate performances in the technology sector.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode