Bloomberg Daybreak: Asia Edition Daybreak Weekend: US Jobs, Power Conference, China PMIs
Sep 26, 2025
Stuart Paul, a U.S. economist with Bloomberg Economics, dives into the implications of the upcoming U.S. jobs report for Federal Reserve policy, highlighting labor market dynamics and consumer spending risks. John Liu, Bloomberg's Greater China correspondent, discusses China's PMI data and its reflection on economic conditions amidst deflationary pressures. They explore the impacts of the U.S. EV tax credit expiration and China's tech developments, offering insights into the complex interplay of global economic factors.
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Tenuous US Labor And Profit Dynamics
- Corporate profit revisions and weak capex signal slower investment and hiring ahead despite strong consumer spending.
- The labor market is in a tenuous balance as supply growth slows while demand wanes, risking slower hiring into year-end.
Prepare For Post-Credit EV Demand Shock
- Automakers should prepare for a sharp demand drop after the $7,500 federal EV tax credit expires on Sept 30.
- Focus on lowering costs and expanding charging infrastructure instead of relying on subsidies to sustain sales.
Women Rising In Finance And Wealth
- Women are gaining wealth and influence in finance, set to control rising shares of global assets by 2030.
- Pay gaps persist, so representation in leadership and capital markets activity remain central themes.
