Bloomberg Daybreak: US Edition Daybreak Weekend: US CPI, London Tech Summit, China Eco
Jun 6, 2025
Join John Liu, Bloomberg's Executive Editor for Greater China, and Tom McKenzie, tech expert from London, as they dive into the hot topics shaping the global economy. They discuss the crucial upcoming U.S. CPI and PPI data, Tesla's anticipated robo-taxi launch, and the exciting London Tech Summit. Liu explores China's economic challenges, including the shift towards a consumption-driven model, while McKenzie highlights the competitive tech landscape and regulatory hurdles amid rising tensions with the U.S. It's a fascinating crossroad of tech and economy!
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Fed Holds Rates Amid Slowing Jobs
- The US job market shows signs of slowing but not enough to prompt Fed rate cuts.
- Tariffs continue to push inflation, influencing Fed's cautious stance on lowering rates.
Tesla’s Robo-Taxi Launch Challenges
- Tesla’s robo-taxi launch will start small with limited vehicles and unclear operational details.
- Past crashes and investigations raise questions about Tesla's full self-driving safety and readiness.
UK Tech Sector’s Strengths and Challenges
- The UK draws more venture capital into tech than France and Germany combined but struggles with capital markets access.
- UK government pursues a balanced AI regulation approach amid global competition and regulatory uncertainty.