Bloomberg Daybreak: Asia Edition

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.

In this insightful discussion, Daniel Newman, CEO of the Futurum Group, shares his thoughts on big-cap tech earnings, including Alphabet's solid sales and Microsoft's tumbling shares due to high spending. He emphasizes the importance of AI infrastructure. Meanwhile, Sean Clark, Chief Investment Officer at Clark Capital, breaks down Federal Reserve Chair Jerome Powell's warning about tempered expectations for interest rate cuts, highlighting the Fed's contrasting views on jobs and inflation. Both guests provide intriguing insights into tech and financial markets.

In this discussion, Mark Cranfield, a Bloomberg MLive strategist, sheds light on Japan's economic policy and the yen's response to U.S. Treasury comments. He explores the concentrated gains in Japanese equities driven by AI, alongside the impact of Fed policy. Joining him, Scott Ladner, Chief Investment Officer at Horizon, analyzes NVIDIA's influence on AI investment and argues that AI may herald a productivity boom rather than a bubble. They also delve into credit market dynamics and the implications of a potential Fed rate cut.

George Efstathopoulos, a Multi-Asset Portfolio Manager at Fidelity International, discusses Japan's promising economic shift and why its banks might be poised for growth. He suggests China is becoming more investable due to government stimulus boosting consumption. Ahmed Riesgo, Chief Investment Officer at Insigneo, shares insights on earnings expectations for tech giants and suggests that AI-related valuations differ from past market bubbles. He emphasizes the impracticality of US-China decoupling while noting the need for broader earnings growth to sustain market optimism.

Minmin Lo, Bloomberg's China correspondent, breaks down the recent U.S.-China trade talks, highlighting a preliminary consensus on export controls and agricultural purchases. Takahide Kiyuchi, from Nomura Research Institute, warns of rising inflation risks tied to currency weakness, anticipating a steady BOJ policy despite pressures. South Korean President Lee Jae Myung discusses stalled $350 billion investment negotiations with the U.S., emphasizing the need for tailored agreements and addressing visa issues to boost economic cooperation.

Mandeep Singh, a Senior tech analyst at Bloomberg Intelligence, delves into the anticipated earnings from major U.S. tech companies, highlighting the impact of AI on revenue divergence. Gerry Doyle, Bloomberg's Global Defence editor, explores European defense preparedness amid upcoming earnings from Airbus and Leonardo. He discusses procurement challenges and the need for joint efforts in defense spending, while also addressing the risks of an investment bubble in the defense sector and Europe's reliance on U.S. capabilities.

Pei-Juan Liu, an economist at Fidelity International Asia, delves into China's fourth plenum, highlighting its focus on technological self-reliance and boosting domestic consumption. She discusses the implications of the dual circulation policy and potential fiscal strategies for enhancing growth. Mark Cranfield, a strategist at Bloomberg, provides insight into Asian equity market trends, the impact of the upcoming Trump-Xi meeting on currency dynamics, and the broader investor sentiment amidst US-China tensions.