Squawk Pod 5 Things to Know Before the Opening Bell 10/15/2025
Oct 15, 2025
ASML anticipates a significant sales drop in China next year, raising eyebrows in the semiconductor industry. Meanwhile, LVMH reports a surprising growth after recent declines. Boston Fed President Susan Collins warns that a robust job market threatens interest rate cuts. Apple is shifting its manufacturing focus to countries like Vietnam. Lastly, OpenAI plans to launch a less-censored version of ChatGPT for adults, igniting discussions about verification challenges for age and mental health.
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ASML Sees China Slowdown But Stable 2026 Sales
- ASML expects a significant sales decline in China next year but does not foresee 2026 net sales falling from 2025.
- The company signals regional weakness may be offset elsewhere in its global business.
Tighter Labor Market Raises Rate Cut Risks
- Boston Fed President Susan Collins said a rising job market raises risks to the case for more rate cuts.
- Strong employment data could keep interest rates higher for longer, complicating Fed easing plans.
Apple Shifts Manufacturing Outside China
- Apple plans to scale up manufacturing outside China, including Vietnam production for home devices and a tabletop robot.
- The move reflects diversification of supply chains and increased offshoring of assembly.