Bloomberg Daybreak: US Edition Trump Visits Fed HQ, Downplays Clash With Powell; Intel Shares Slide on Turnaround Concerns
10 snips
Jul 25, 2025 Tensions rise as President Trump visits the Federal Reserve, pushing for lower interest rates without demanding Powell's dismissal. Intel's shares plummet after concerns that the CEO is prioritizing cost-cutting over innovation. In a significant move, Paramount Global's merger with Skydance Media is greenlit by the FCC, following concessions regarding political coverage. Amidst these developments, extreme heat warnings affect millions across the U.S., adding urgency to political and economic discussions.
AI Snips
Chapters
Transcript
Episode notes
Corporate Caution on Political Posts
- Citigroup requested deletion of a staff member's social post criticizing Israel to align with corporate conduct policies.
- This reflects corporations' reluctance to take stances on polarizing political topics.
Intel's Cost-Cutting Raises Concerns
- Intel's CEO signaled a focus on cost-cutting rather than aggressively restoring technological leadership.
- This approach raised investor concerns, resulting in a stock drop of more than 5%.
Volkswagen Warns on Tariffs
- Volkswagen lowered its financial outlook due to rising tariff costs impacting Audi and Porsche.
- The company highlights the need for a balanced US-EU trade solution to mitigate these tariffs.