Bloomberg Daybreak: US Edition

Michael McKee, Bloomberg's International Economics and Policy Correspondent, teams up with Rebecca Jones, Managing Editor for Australia and New Zealand. They delve into critical issues like U.S. inflation, analyzing key economic indicators such as CPI and retail sales. The duo discusses the implications of these figures on consumer behavior and Fed policy. Additionally, they explore the growing role of renewable energy in Europe and the impact of tariff uncertainties on clean energy projects. Insights into the Reserve Bank of Australia's decision-making also add depth to their conversation.

Ethan Bronner, Bloomberg News Israel Bureau Chief, discusses Israel's escalating military plans for Gaza City, emphasizing the push to dismantle Hamas and the humanitarian implications for civilians. He delves into public sentiment in Israel regarding potential consequences and governance challenges post-conflict. The conversation also touches on President Trump's surprising Fed nomination of Stephen Miran, signaling his desire to influence interest rates and financial policy amid ongoing geopolitical tensions. It's a riveting exploration of politics and military strategy.

John Tucker, a Bloomberg reporter with a focus on economic trends and political events, delves into the implications of President Trump's historic tariff increases, pushing the average rate to 15.2%. He discusses the controversial exemptions for companies like Apple that shift production back to the U.S. The podcast also covers the scheduled summit between Trump and Putin, aimed at brokering peace in Ukraine, and examines the recent Legionella outbreak in Harlem, showcasing a mix of trade policy and public health concerns.

President Trump is set to impose new tariffs on countries buying Russian energy, while decisions on semiconductor and pharmaceutical import levies are just around the corner. Anticipation builds as Trump prepares to name a replacement for outgoing Federal Reserve Governor Kugler, potentially reshaping monetary policy. The White House is also sprinting to resolve the Ukraine conflict, putting pressure on their special envoy. Meanwhile, domestic political battles and market reactions reflect the broader implications of these developments.

President Trump plans to significantly raise tariffs on Indian exports due to the country’s purchases of Russian oil, leading to tensions between the U.S. and India. In Texas, Governor Abbott orders the arrest of Democratic lawmakers who fled to block controversial voting. Meanwhile, Palantir Technologies boasts a remarkable 48% revenue growth fueled by advances in artificial intelligence. The podcast also touches on ongoing political maneuvering and the broader implications for trade and international relations.

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.