Bloomberg Daybreak: Asia Edition Daybreak Weekend: US CPI, Paris AI Summit, Trade War
22 snips
Feb 7, 2025 Karishma Vaswani, a Bloomberg Opinion columnist known for her sharp analysis of geopolitical trends, joins the discussion. She delves into the complexities of the U.S.-China trade war, highlighting the economic ramifications of tariffs and potential retaliation. The conversation also covers the upcoming AI Action Summit in Paris, emphasizing the competitive landscape of artificial intelligence and its global implications, particularly in the context of U.S.-China relations. Listeners gain insights into how these issues affect the future of international trade and technology.
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Episode notes
Mixed Jobs Report
- The January jobs report presents a mixed picture of the US economy.
- While job growth slowed and some sectors saw declines, the unemployment rate decreased.
Stubborn Inflation
- US inflation remains stubbornly high despite some expected slowdown.
- Stable gas prices and a lack of typical goods deflation contribute to this.
Retail Sales and Weather
- Negative weather, like the polar vortex, impacted January retail sales.
- Dismal auto sales, due to the cold weather, contributed to an expected decline in retail sales.