Bloomberg Daybreak: Asia Edition

The Asian Development Bank has lowered its growth forecast for Asia further after the region found itself the hardest hit by tariffs from the US. The multilateral institution said those tariffs will shave growth in the region by a third of a percentage point in 2025 and a full percentage point in 2026. In its annual outlook report released Wednesday - numbers for which were calculated before the April 2 tariff announcements by President Donald Trump - ADB forecast growth in emerging Asia to moderate to 4.9% in 2025 and 4.7% in 2026. ADB President Masato Kanda speaks exclusively with Bloomberg's Shery Ahn in Tokyo.  Plus - a late-day wave of dip buying in the US erased losses in stocks, with Wall Street investors awaiting a slew of corporate earnings and economic data for insights on the impacts of President Donald Trump's tariff war. As the S&P 500 closed higher for five consecutive sessions, the American equity benchmark posted its longest winning streak since November. Monday marked the fifth time in the past month the index fully wiped out an intraday gain or drop of 1% or more. The number of reversals already matches the total seen in the entire year of 2024. We take a look at the US economy with Clayton Triick, Head of Portfolio Management at Angel Oak Capital Advisors.See omnystudio.com/listener for privacy information.

Peter McGuire, CEO at Trading.com Australia, shares insights on the cautious start of Asian markets amidst ongoing US trade negotiations and anticipated stimulus from China. He discusses the shifting landscape of currency markets and the implications for traders. Lawrence Werther, Chief U.S. Economist at Daiwa Capital Markets, highlights looming economic uncertainty and its effects on consumer sentiment, stressing the importance of upcoming data, like the US jobs report, in guiding market trends amidst tariff tensions.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the April jobs report and big tech earnings. In the UK – a look ahead to local elections. In Asia – a look ahead to China PMI data. See omnystudio.com/listener for privacy information.

Explore the latest shifts in the stock market with insights on American Airlines' earnings outlook amid fluctuating travel demand. Delve into disappointing reports from Comcast and IBM, unveiling customer losses and unmet expectations. The conversation highlights the competitive landscape and growing economic uncertainty, painting a vivid picture of current investment sentiments.

President Donald Trump said Thursday that his administration was talking with China on trade, after Beijing denied the existence of negotiations on a deal and demanded the US revoke all unilateral tariffs. The Chinese Commerce Ministry dismissed speculation that progress has been made in bilateral communications, saying "any reports on development in talks are groundless," while urging the US to "show sincerity" if it wants to make a deal. We discuss the latest on the trade war with David Chao, Global Market Strategist, APAC at Invesco. Plus - Fed Governor Christopher Waller said he'd support rate cuts in the event aggressive tariff levels hurt the jobs market, speaking in an interview on Bloomberg Television. Cleveland Fed President Beth Hammack says the central bank could move on rates as early as June if it has clear evidence of the economy's direction. We dissect the latest Fed speak with Steven Schoenfeld, CEO at MarketVector Indexes.See omnystudio.com/listener for privacy information.

SK Kim, Executive Director at Daiwa Securities, and Mark Cranfield, Bloomberg MLIV Strategist, dive into the volatile landscape of Asian stocks amid wavering U.S.-China tariff news. They discuss how mixed signals from the Trump administration have dampened market enthusiasm and the implications for the S&P 500. SK Hynix's impressive 158% rise in operating income is highlighted, driven by AI demand and stockpiling fears. The duo also explores how major tech firms are responding to evolving trade policies, balancing short-term challenges with long-term growth prospects.

Stocks jumped and the dollar rose after President Donald Trump said he had no intention of firing Federal Reserve Chair Jerome Powell while optimism grew that trade tensions may be easing. Trump's comments on the Fed chief late Tuesday in Washington walk back opinions expressed earlier in the week that sparked concerns about the US central bank's independence. Progress in various trade talks also helped improve market sentiment after investors had broadly retreated from US assets this month following the announcement of century-high levies. We break down the themes driving volatility with Ecaterina Bigos, CIO for Asia ex-Japan Core Investments at AXA Investment Managers. Plus - US Treasury Secretary Scott Bessent told a closed-door investor summit Tuesday that the tariff standoff with China cannot be sustained by both sides and that the world's two largest economies will have to find ways to de-escalate. That de-escalation will come in the very near future, Bessent said during an event hosted by JPMorgan Chase & Co. in Washington, which wasn't open to the public or media. He characterized the current situation as essentially a trade embargo, according to people who attended the session. We talk tariffs and trade policy with Tom Bruce, Macro Investment Strategist at Tanglewood Total Wealth Management.See omnystudio.com/listener for privacy information.

Takeshi Niinami, Chairman and CEO of Suntory Holdings and Senior Economic Advisor to Japan's Prime Minister Ishiba, discusses the troubling implications of U.S. tariffs on international trade. He highlights Japan's firm stance in upcoming trade negotiations, stressing the need to protect national interests. Niinami voices concerns about market volatility and the effects of U.S. monetary policy on global markets. The conversation also touches on Japan's strategies in navigating trade challenges while fostering free trade initiatives in a shifting economic landscape.

Naomi Fink, Chief Global Strategist at Nikko Asset Management, and Alicia Garcia Herrero, Chief APAC Economist at Natixis, dive into the complexities of ongoing U.S. trade negotiations with Japan and South Korea, highlighting potential impacts on the global economy. They discuss China's pushback against U.S. tariffs and the implications for market volatility. Alicia also reflects on the importance of the Federal Reserve's independence, especially amidst political pressures, adding context to the current economic landscape.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to home sales data and Tesla earnings. In the UK – a look ahead to how companies across Europe and beyond are preparing to share their latest financial performances with the market. In Asia – a look ahead to how some Chinese companies are looking to skirt U.S President Donald Trump’s tariffs. See omnystudio.com/listener for privacy information.