Bloomberg Daybreak: Asia Edition Daybreak Weekend: Summer Travel, Jamie Dimon, China Data
7 snips
Jul 4, 2025 Delve into the dynamics of summer travel and its impact on consumer spending, as Delta Airlines gears up for earnings reports. Hear insights on Jamie Dimon's pivotal visit to Ireland amid looming US tariff deadlines. Explore the ambiguous signals from China’s economy, marked by challenges in its industrial and tech sectors, and technological innovations in its AI industry. Discover how Ireland balances foreign investments with economic growth, while navigating tax strategies in a competitive global landscape.
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Prime Day Extends To Four Days
- Amazon's Prime Day has evolved into a four-day sales event to counter slower consumer spending and tariff worries.
- Other retailers like Target and Walmart follow suit with extended sales periods, creating a longer deal season.
Prime Day Moved Due To Tariffs
- Retailers shifted Prime Day earlier to July 9th to preempt U.S. tariffs expected the same day.
- Consumers aim to buy before price increases caused by tariffs, fueling sales during this period.
Delta Earnings Signal Travel Softening
- Delta Airlines is expected to report cooling in U.S. domestic travel and some softening in Europe.
- Profitability across U.S. airlines likely to be lower in Q2 compared to last year amid economic uncertainties.