Bloomberg Daybreak: US Edition

President Trump is set to announce new key appointments at the Federal Reserve, potentially influencing his economic agenda. Meanwhile, Boeing workers have initiated a significant strike for the first time in decades, sparking labor tensions over contract negotiations. On the trade front, there’s cautious optimism regarding U.S.-China discussions on rare earth flows, which could strengthen economic ties. These developments paint a picture of a shifting landscape in both the job market and international relations.

Sankalp Fartial, an India technology reporter for Bloomberg News, discusses major shifts in the tech landscape. He explores Apple’s pivot towards India as a smartphone manufacturing hub, its implications for the U.S. market, and how this benefits local production, especially for women. The conversation also covers the upcoming earnings reports for Disney and BP, highlighting Disney's streaming recovery and BP's challenges in a competitive energy sector. Fartial offers insights into how these developments reshape consumer behavior and market strategies.

Bill Ferry, a Senior Editor at Bloomberg News, shares his expertise on the financial ramifications of rising tariffs under President Trump. He discusses how these tariffs, averaging 15%, have impacted stock markets and triggered a rush in exports, particularly benefiting Asian economies. The conversation also highlights contrasting fortunes in tech: Amazon’s dip due to weaker projections while Apple enjoys significant revenue growth. Additionally, discussions surrounding the upcoming July jobs report shed light on the broader economic outlook.

Dan Ives, Global Head of Tech Research at Wedbush Securities, shares his insights on the booming tech earnings from Microsoft and Meta, both driven by major investments in AI. He discusses the fluctuating dollar and the Federal Reserve's interest rates amidst economic uncertainty. Ives also delves into President Trump's recent tariff announcements aimed at reshaping global trade relations, including significant tariffs on imports from South Korea and India. His analysis offers a fascinating look at the intersection of technology, economics, and politics.

Bill Ferry, a senior editor at Bloomberg News, provides sharp insights into the U.S.-China trade situation as President Trump approaches a crucial decision on a tariff truce. He discusses the impact of trade negotiations on global markets and examines how recent events, like a powerful earthquake causing tsunami alerts, intertwine with economic implications. Additionally, he highlights the challenges stocks face ahead of the Federal Reserve's interest rate decision and major corporate earnings reports, painting a vivid picture of current financial dynamics.

Miles Miller, a veteran Bloomberg New York City reporter, dives into the chaos surrounding a tragic mass shooting at the NFL building, revealing its profound impact on community safety and security. He also shares insights on the evolving US-China trade talks, with optimism brewing for a 90-day extension in the negotiations. Furthermore, Miller highlights the unexpected success of Barclays Plc’s traders amid market volatility, linking local events to broader economic implications.

The US and EU have struck a crucial deal, lowering tariffs on most imports to 15%, easing fears of a trade war. Meanwhile, US and Chinese officials are set to negotiate further tariff reductions to maintain a truce. Wall Street is bracing for a critical week, with the Federal Reserve meeting and major tech companies like Amazon and Apple preparing to announce earnings. This week could determine market trends and economic direction for the rest of the year.

The discussion highlights the upcoming Federal Reserve policy meeting and its implications for the market. There's a focus on the tech sector's earnings, especially from giants like Tesla and Alphabet, and the role of AI. It also covers President Trump's controversial visit to Scotland and the mixed reactions expected. In Asia, challenges within China's economy are examined, particularly regarding PMI data, while the influence of trade tensions on manufacturing and consumer recovery is considered. Nvidia's innovations in technology applications round out the conversation.

Tensions rise as President Trump visits the Federal Reserve, pushing for lower interest rates without demanding Powell's dismissal. Intel's shares plummet after concerns that the CEO is prioritizing cost-cutting over innovation. In a significant move, Paramount Global's merger with Skydance Media is greenlit by the FCC, following concessions regarding political coverage. Amidst these developments, extreme heat warnings affect millions across the U.S., adding urgency to political and economic discussions.

President Trump proposes a hefty range of tariffs, hinting that they won't go below 15%, as trade negotiations heat up. He plans a visit to the Federal Reserve, where he’ll critique costly projects and express his frustrations with rate decisions. Meanwhile, Elon Musk signals tough times for Tesla, facing challenges with EV incentives and autonomous vehicle rollouts. The discussion also covers significant tech earnings and current events, including serious legal cases and developments affecting key sectors.