Bloomberg Daybreak: US Edition
Daybreak Weekend: Tech Earnings, UK Elections, China PMI Preview
Apr 25, 2025
Chang Xu, Chief Asia economist for Bloomberg Economics, shares her insights on China’s economic indicators and potential policy shifts. Mandeep Singh, Senior Tech Industry Analyst, dissects U.S. tariffs and their effects on tech companies like Apple and Google, especially around AI investments. The duo also explores the upcoming UK elections, highlighting how economic conditions influence voter sentiment and party strategies. Listeners gain a glimpse into the challenges facing the tech sector amid regulatory pressures and trade tensions.
38:56
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Quick takeaways
- The upcoming U.S. April Jobs Report is expected to show a hiring slowdown due to tariff policy uncertainties, indicating cautious labor market sentiment.
- Major tech companies are diversifying supply chains and shifting strategies amid tariff-induced challenges, reflecting a broader trend of adapting to changing trade dynamics.
Deep dives
Impact of April Jobs Report on Fed Policy
The upcoming April Jobs Report is anticipated to show a slowdown in hiring within the U.S. labor market, influenced by uncertainties stemming from tariff policies. Economists expect the report to indicate a stable unemployment rate of approximately 4.2%, despite potential gradual diminishment in job growth. Recent findings from the Beige Book point to hesitance among companies, revealing they are not necessarily laying off workers, but rather preparing for possible reductions contingent on tariff effects. This cautious stance reflects a broader apprehension in how ongoing economic pressures and consumer sentiment may shape future labor trends.
