Bloomberg Daybreak: US Edition Daybreak Weekend: U.S CPI, UK Security, China CPI
6 snips
Sep 5, 2025 
Joining the discussion is Mark Gurman, Managing Editor for Global Consumer Tech at Bloomberg News, renowned for his insightful analysis on Apple. He previews the much-anticipated iPhone 17 launch, highlighting innovative design features and updates to Siri. The talk also dives into Apple's strategic partnerships and AI initiatives. Beyond tech, the podcast reflects on rising global tensions affecting the defense industry, while examining crucial economic data from China, including CPI and PPI, shaping the marketplace.
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U.S. Labor Market Cooling Changes Fed Calculus
- U.S. hiring slowed sharply in August, with only ~22,000 jobs added and revisions showing weakness earlier in the summer.
- Stuart Paul says this cooling reduces income growth and weakens consumer spending outlook, increasing Fed caution.
Revisions Reveal Weaker Labor Resilience
- Payroll revisions have repeatedly reduced the apparent resilience of the U.S. labor market over recent months.
- Stuart Paul says alternative data showed cooling and now official stats are catching up, altering Fed views.
Quarter-Point Fed Cut Looks Likely
- A 25 basis point Fed cut in September looks almost certain given recent data and unemployment at 4.3%.
- Paul argues a larger cut would be hard to justify with the current unemployment level, making a quarter point likely.