Bloomberg Daybreak: Asia Edition Trump New Round of Tariffs, TikTok Order Signed
Sep 26, 2025
Brian Krawez, President of Scharf Investments, shares insights on market reactions to the recent GDP revision and warns of potential AI valuation bubbles. He discusses the implications of the potential TikTok sale for Oracle and U.S. investor security. Deborah Elms, Head of Trade Policy at the Heinrich Foundation, analyzes President Trump's new tariffs, particularly on pharmaceuticals, warning of their complexity and consumer backlash. She emphasizes the need for trade partners to adapt amidst evolving supply chains and rising economic risks.
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TikTok Deal Aims To Protect U.S. Data
- The Trump administration formalized a plan for U.S. investors to take control of TikTok’s U.S. operations with Oracle securing the algorithm.
- The deal aims to keep U.S. data protected while ByteDance retains a minority stake under a new governance structure.
Investors See TikTok Price As Attractive
- Brian Krawez called the TikTok price attractive and saw the transaction as positive for Oracle shareholders.
- He framed the deal as potentially beneficial for investors and U.S. data security if executed properly.
AI Spending Echoes Late‑90s Excess
- Brian Krawez warned of 'shades of 1999' in AI financing with massive capital commitments but relatively small revenues so far.
- He compared current deal dynamics to past tech bubbles while noting differences in profitability for key players like NVIDIA.