Bloomberg Daybreak: Europe Edition Daybreak Weekend: Fed Decision, Scotland Trip, China PMI
Jul 26, 2025
The podcast dives into the anticipated Federal Reserve policy decision and major earnings from tech giants like Apple and Google. It explores the implications of Trump's visit to Scotland on US-UK trade talks. Insights on China's economic outlook are shared, focusing on upcoming PMI data and challenges in the property market. Moreover, discussions highlight AI advancements in China, emphasizing competition with NVIDIA and emerging tech trends. Overall, it presents a rich analysis of key economic indicators and market dynamics.
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Fed's Divergent Interest Rate Views
- The Fed sees a split in views on interest rate cuts this year, with some expecting none at all.
- The central bank aims to balance waiting for tariff impacts and avoiding premature inflation rises.
AI Drives Tech Giants Differently
- Google's AI integration has boosted search queries and monetization significantly.
- Microsoft and Amazon also benefit from cloud growth, but Apple lags in AI but grows via partnerships and services.
Trump's Scotland Trip Climate
- President Trump's trip to Scotland meets a skeptical local population valuing understatement over showmanship.
- Scottish leaders hope to negotiate trade benefits, especially on whiskey tariffs, amid cautious local reception.