Bloomberg Daybreak: Europe Edition Daybreak Weekend: Tesla Earnings, ECB Decision, Japan Election
Jul 18, 2025
Isabel Reynolds, Tokyo Bureau Chief for Bloomberg News, dives into the recent dynamics of Tesla's earnings and their impact on stakeholders. She explores the upcoming European Central Bank's policy decisions amid rising inflation and trade tensions. Reynolds also discusses Japan's political climate ahead of the upper house election, highlighting the potential shifts in power and economic implications amidst voter engagement changes. Her insights weave together economic trends and strategic forecasting essential for understanding these global markets.
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US Housing Market Trends
- U.S. existing home sales are slowly improving but remain 20% below normal levels.
- New home sales face downward pressure with rising inventories and builders cutting base prices.
Mortgage Rates Impact Housing
- Mortgage rates are stubbornly near 7%, creating payment volatility that deters buyers.
- A stable low-6% rate would better support the housing market by reducing payment uncertainty.
Tesla's Focus Shifts to Future
- Tesla's upcoming Q2 earnings are expected to meet consensus but investors focus on future outlook.
- Robo-taxi service might launch revenue only by 2027, making safety the key near-term priority.