Bloomberg Daybreak: Europe Edition Daybreak Weekend: CPI Preview, Reeves Statement, BYD Earnings
Mar 21, 2025
Stuart Paul, a U.S. economist at Bloomberg Economics, shares insights on U.S. inflation and economic growth, focusing on the impact of tariffs on the housing market. Danny Lee, Bloomberg's Asia transport reporter, analyzes BYD's upcoming earnings, revealing projections of $100 billion in revenue and innovations in EV technology. Together, they discuss the delicate balance of economic policies in the U.S. and the implications of BYD's growth strategies amidst global markets.
AI Snips
Chapters
Transcript
Episode notes
US Economic Growth
- The U.S. economy grew at a 2.3% annualized pace in Q4 2024, driven by consumer spending.
- However, spending declined in Q1 2025 due to factors like auto sales and weather.
US Inflation Concerns
- Despite a pullback in spending, core PCE inflation is expected to rise, driven by various factors.
- These factors include financial services, food services, health care costs, and goods inflation, potentially troubling for the Fed.
US Housing Market Headwinds
- The US housing market faces challenges from high prices, rates, and tariffs on imported materials.
- Tariffs on Canadian lumber, Mexican drywall, and Chinese appliances could add $10,000 to building costs.