Bloomberg Daybreak: Asia Edition Daybreak Weekend: Fed Meeting, US Tech, European Defense Earnings
19 snips
Oct 24, 2025 Mandeep Singh, a Senior tech analyst at Bloomberg Intelligence, delves into the anticipated earnings from major U.S. tech companies, highlighting the impact of AI on revenue divergence. Gerry Doyle, Bloomberg's Global Defence editor, explores European defense preparedness amid upcoming earnings from Airbus and Leonardo. He discusses procurement challenges and the need for joint efforts in defense spending, while also addressing the risks of an investment bubble in the defense sector and Europe's reliance on U.S. capabilities.
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CPI Details Open Door For Fed Cuts
- September CPI showed tariff pass-through remained modest and core goods inflation is decelerating.
- Slowing rent growth and tame core services open space for the Fed to cut rates further.
Treat Fed Meetings As Live Events
- Expect the Fed to keep options open and treat every meeting as live.
- Don’t assume follow-up guidance; watch meeting-by-meeting signals instead.
AI Drives Divergence Among Big Tech
- GenAI is creating divergence among the Mag7 rather than uniform gains.
- Microsoft and Google may see bigger cloud revenue lifts while others lag depending on AI exposure.