Bloomberg Daybreak: US Edition Daybreak Weekend: Nvidia Earnings, Medef Conference, BOK Decision
10 snips
Aug 22, 2025 In this insightful discussion, Stuart Paul, a U.S. economist from Bloomberg Economics, and Bonnie Chan, CEO of Hong Kong Exchanges and Clearing, explore the evolving global economic landscape. They dive into NVIDIA's upcoming earnings and the tech giant's challenges, particularly in China. The conversation also touches on the Medef Conference, highlighting the political and fiscal hurdles in France. Additionally, they examine the crucial monetary policy decisions from the Bank of Korea and the burgeoning role of AI in business innovation.
AI Snips
Chapters
Transcript
Episode notes
Fed Opens Door To A Single Careful Cut
- Jerome Powell signaled the Fed may be ready for a single, careful rate cut soon while warning multiple cuts are not predetermined.
- Bloomberg Economics expects a 'hawkish cut': a quarter-point easing with cautious messaging to avoid implying a cutting cycle.
Make Policy Calls Based On July PCE
- Watch the July PCE and personal spending prints as the Fed's decisions will be data dependent.
- Evaluate core PCE drivers like financial services prices to judge whether a cut is prudent.
Nvidia Beat Hinges On Narrative Not Only Numbers
- Nvidia is expected to again 'beat and raise' thanks to strong Blackwell demand and networking attach rates.
- The market reaction will hinge more on narrative about China access than on raw numbers.