Bloomberg Daybreak: US Edition Trump to Make Call on China Truce; Fed Decision and Mag 7 Earnings Coming
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Jul 30, 2025 Bill Ferry, a senior editor at Bloomberg News, provides sharp insights into the U.S.-China trade situation as President Trump approaches a crucial decision on a tariff truce. He discusses the impact of trade negotiations on global markets and examines how recent events, like a powerful earthquake causing tsunami alerts, intertwine with economic implications. Additionally, he highlights the challenges stocks face ahead of the Federal Reserve's interest rate decision and major corporate earnings reports, painting a vivid picture of current financial dynamics.
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U.S.-India Tariff Negotiation Status
- President Trump said he may set tariffs on India at 20 to 25 percent but nothing is finalized.
- India intends to continue trade negotiations despite potential tariff increases.
Fed Stance Amid Tariff Uncertainty
- Federal Reserve is expected to hold interest rates steady while assessing the impact of President Trump's tariffs.
- Companies' cautious guidance and price adjustments highlight economic uncertainty.
Microsoft's Growth Fueled by AI
- Microsoft expects revenue growth driven by its Azure cloud and AI partnership with OpenAI.
- Capital expenditures will hit a record to compete in emerging technology areas.