Bloomberg Daybreak: US Edition Daybreak Weekend: Fed Meeting, US Tech, European Defense Earnings
Oct 24, 2025
Mandeep Singh, a Senior Technology Analyst for Bloomberg Intelligence, dives into the tech landscape, highlighting how Microsoft’s OpenAI partnership and Google's Anthropic deal could impact cloud competition and AI costs. Meanwhile, Gerry Doyle, Bloomberg's global defense editor, discusses Europe's defense readiness amid geopolitical shifts, the sustainability of defense spending amid Russian threats, and the critical gaps in air defense capabilities. The conversation offers a lively mix of tech innovation and global security dynamics.
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Episode notes
Read Fed Language, Not Assumptions
- Expect the Fed to avoid surprises and signal that "every meeting is live" rather than commit to December cuts.
- Watch Fed messaging and real-time alternative price measures if official data is disrupted by a shutdown.
Inflation Data Widens Fed Cut Path
- The September CPI details eased inflation pressures by showing modest tariff pass-through, slowing core goods and tame core services.
- Stuart Paul says weaker rent growth and cooling income give the Fed room to cut rates next week and possibly again in December.
TPUs Could Upset GPU Dominance
- Google's Anthropic deal and TPU chip plans could challenge NVIDIA by expanding TPU availability outside Google Cloud.
- Mandeep Singh says TPU adoption at lower price points could reshape AI hardware competition in 12–24 months.