Bloomberg Daybreak: Asia Edition

Debbie Wu, Team Leader for North Asia Technology at Bloomberg News, discusses TSMC's expected strong Q3 earnings driven by solid sales data and the impact of AI demand on semiconductor growth. She explores TSMC's compliance with export controls and its pivotal role in Taiwan's economy. Meanwhile, Charles Lieberman, Co-founder and CIO at Advisors Capital Management, shares insights on U.S. market valuations influenced by mega-cap stocks and delves into gold's rally as China's reserve strategy shifts amidst geopolitical concerns.

Bill Adams, Chief Economist at Comerica Bank, discusses the surge in gold prices nearing $4,000, attributing this to demand for safety amid economic uncertainties and expectations for lower interest rates. Paul Jackson, a Bloomberg reporter, analyzes Japan's political landscape following Sanae Takaichi's leadership win and its implications for the Bank of Japan's potential interest rate hike. Both guests delve into the complex relationship between economic policy and political pressures shaping the future of markets.

Ed Butowsky, managing partner at Chapwood Investments, discusses the excitement surrounding Advanced Micro Devices' deal with OpenAI, exploring potential revenue growth and the risks of an AI bubble. He highlights the market's reactions, including rising gold prices and shifts in the dollar's value. Gearoid Reidy, a Bloomberg Opinion columnist, analyzes the implications of Sanae Takaichi becoming Japan's first female leader, her economic views, and public sentiment, while addressing concerns about her pragmatic approach and the challenges ahead in forming a coalition.

Paul Dobson, Executive Editor for Asia Markets at Bloomberg, and Christopher Lafleur, Chairman of the American Chamber of Commerce in Japan, discuss the significant market reactions following Sanae Takaichi's election as Japan's first female prime minister. They explore how her pro-stimulus policies led to a weakened yen and a rally in Japanese stocks. The duo also examines the implications for U.S.-Japan relations, the potential pause in Bank of Japan rate normalization, and the impact on global commodity prices and investor sentiment.

Bloomberg Daybreak Weekend with Host Tom Busby take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the impact of lumber and timber tariffs on housing, and President Donald Trump’s Pfizer deal on drugmakers. In the UK – a look ahead to the Nobel Prize decisions. In Asia – a look ahead to the impact of the Golden Week holiday.  See omnystudio.com/listener for privacy information.

Joining the discussion are Jeff Grills, Head of EM Debt at Aegon Asset Management, who specializes in emerging markets, and David Boling, Director for Japan and Asia Trade at Eurasia Group, an expert in Japanese politics. They dive into the political risks impacting emerging markets and analyze which nations may benefit from lower U.S. interest rates. On Japan's upcoming leadership race, Boling discusses candidates' stances on inflation and potential shifts in economic policy, amid the backdrop of rising defense spending and fiscal constraints.

John Pantekidis, Managing Partner at Twin Focus, shares insights on equity valuation, gold trends, and cautious fixed income positioning amidst a U.S. government shutdown. He emphasizes international growth and emphasizes careful monitoring of inflation risks. Ritesh Ganeriwal, Head of Investment & Advisory based in Singapore, discusses the bullish outlook for Asian equities driven by tech strength, AI momentum, and improving consumer behavior in Hong Kong, while also tackling U.S.-China trade dynamics and India's growth potential. Tune in for a lively market discussion!

Viraj Patel, Executive VP at Fiduciary Trust International, provides keen insights into the looming US government shutdown and its potential market impacts. He emphasizes resilience in US equities despite political standoffs and discusses the Fed’s influence on economic conditions. Meanwhile, Catherine Lim, Senior Analyst at Bloomberg Intelligence, explores the significance of China’s Golden Week, highlighting consumer spending trends and government initiatives to boost consumption, including vouchers and extended services, offering a glimpse into the potential economic recovery.

Bill Campbell, a Global Bond Portfolio Manager at DoubleLine, discusses looming US government shutdown risks and its potential impact on labor market data, emphasizing the market's flight-to-safety responses. Kirstin Fontenrose, a security and foreign policy expert, analyzes Trump's ambitious Gaza ceasefire proposal, detailing Hamas's likelihood to reject it and the pivotal role of Qatar and other regional players in supporting governance. Both guests provide insights into how these issues intertwine with global economic and political stability.

James Abate, Managing Director at Horizon Investments, delves into the potential impact of a looming US government shutdown, highlighting how it could delay vital job data and affect market sentiment. He discusses the shifting dynamics in equity leadership, particularly the dominance of growth stocks. Abate expresses concerns over AI infrastructure spending and its implications for capital returns. Additionally, he analyzes inflation trends and their effects on interest rates, emphasizing the intricate ties between economic data and political developments.