Bloomberg Daybreak: Asia Edition

Kurt Campbell, co-founder of The Asia Group and former U.S. deputy assistant secretary of state, discusses the potential thaw in U.S.-India trade relations, revealing that negotiators are close to a substantial deal. Chuck Cumello, President of Essex Financial, provides insights into the recent stock rally driven by optimism surrounding the U.S. government shutdown and the resurgence of tech stocks. They explore macroeconomic implications, the balancing act of U.S. diplomacy in South Asia, and investment strategies in a changing financial landscape.

Paul Dobson, Bloomberg's Executive Editor for Asia Markets, shares insights from Singapore on market reactions to the nearing end of the US government shutdown. He discusses tech stock volatility, the impacts of AI narratives on Asian markets, and the concentration risks involved. Chris Carey from Carnegie Investment Counsel highlights the economic ramifications of the shutdown, emphasizing delays in crucial job and inflation data, and suggests strategies like diversification amidst uncertainties. Both delve into the ongoing challenges facing the Federal Reserve's decision-making.

Geetha Ranganathan, a media analyst at Bloomberg Intelligence, teams up with Paul Sweeney, a veteran media sector reporter, to dissect Disney's earnings and the streaming landscape. They dive into ESPN's challenge of balancing linear and streaming audiences. Meanwhile, Sofia Orta e Costa shares insights on Portugal's Web Summit, highlighting the nation's tech strategy and the impact of massive data center investments. Catherine Lim analyzes China Singles’ Day, discussing consumer trends and the effect of government support on retail dynamics.

Pruksa Iamthongthong, Head of Equities at Aberdeen Investments, dives into AI valuations, semiconductor supply chain dynamics, and emerging Asian investment opportunities, emphasizing a brighter 2026 outlook despite current fluctuations. Clark Geranen, Chief Market Strategist at CalBay Investments, discusses the recent market pullback and investor concerns over high valuations and concentrated voting power in Tesla’s $1 trillion pay package for Elon Musk. They also analyze the resilience of the U.S. consumer amid shifting Fed policies and economic risks.

Mark Cranfield, a Bloomberg Markets Live strategist in Singapore, delves into the Supreme Court's skepticism about Trump's tariffs and their limited impact on Asia. He explores Japan's stock rally driven by weak yen and government stimulus. Robert Schein, Chief Investment Officer at Blanke Schein Wealth Management, discusses the recovery of US tech and semiconductor sectors, advising on stock selection in the AI space. Both guests highlight market implications of Fed policies and the importance of strategic cash positioning in a volatile environment.

Anna Wu, a cross-asset investment specialist at VanEck, discusses the struggles of Asian tech valuations and highlights opportunities in energy and nuclear sectors amid rising AI demand. Sandeep Malhotra, Executive VP at Mastercard, dives into how AI and tokenization are transforming payments in Asia, emphasizing fraud prevention and real-time transaction capabilities. He also reveals the importance of partnerships and adapting to evolving consumer behaviors in shaping the future of payments across the region.

David Solomon, the Chairman and CEO of Goldman Sachs, dives into the evolving U.S.-China trade relations and the firm’s strategic vision for China. He discusses the renewed investor interest in the Chinese market and the promising landscape for M&A activity in the U.S. Meanwhile, Brad Bernstein from UBS shares insights on the tech rally sparked by Amazon's massive deal with OpenAI, highlighting the momentum in AI investments and strategies for navigating market conditions. Together, they explore the intersection of tech, finance, and geopolitical trends.

In this engaging discussion, Paul Dobson, Bloomberg's Executive Editor for Asia Markets, dives into China's suspension of rare earth export controls and the implications of the US-China trade pact. He highlights steady growth across Asia's economies amidst PMI releases. Carol Schleif, Chief Investment Officer at BMO Capital Management, offers insights on Big Tech earnings amid waning consumer sentiment and the impact of AI on market valuations. She warns of risks in private credit while advocating for diversified tech investments.

Ivan Feinseth, Chief Investment Officer at Tigris Capital Partners, dives into the impact of big-tech earnings and highlights AI as a transformative investment trend. He emphasizes that the current phase is just the beginning for AI adoption. Meanwhile, Dan Hanson, Chief UK Economist at Bloomberg, analyzes the Bank of England's rate strategies amidst persistent inflation. He predicts that cuts are unlikely until early 2026, given the uncertain fiscal landscape. The discussion reveals key insights into market dynamics and monetary policies.

Max Baucus, the former U.S. ambassador to China, shares insights on the recent Trump-Xi trade truce, highlighting how China now negotiates from a position of strength and the strategic implications for U.S.-China relations. Meanwhile, investment strategist Ross Mayfield analyzes Apple and Amazon's earnings, noting that Apple's disappointing revenue in Greater China contrasts with Amazon's strong growth, driven by its cloud business. Both guests discuss the future of trade dynamics and market trends, as well as the impact on the tech landscape.