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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the U.S June jobs report with a focus on three stocks for the week ahead. In the UK – a look ahead to this year’s Wimbledon tournament. In Asia – a look ahead to key readings on growth and inflation for Vietnam's economy. See omnystudio.com/listener for privacy information....
Business and finance news from the Asia-Pacific. Micron Technology, the largest US maker of computer memory chips, surged in late trading after its quarterly sales forecast crushed Wall Street estimates, signaling that an AI-fueled growth run remains strong. Revenue will be approximately $50 billion in the fiscal fourth quarter, which runs through August, the company said in a statement Wednesday. Analysts estimated $43.2 billion on average. Excluding some items, profit will be about $31 a share...
This episode delves into the US's 60-day oil export waiver for Iran, examining its historical significance and the immediate market glut it creates, alongside the recovery of shipping through the Strait of Hormuz. It also explores the rebound in the Persian Gulf's LNG market, with Qatar resuming production. Additionally, the podcast covers the World Economic Forum's "Summer Davos," focusing on innovation at scale, AI's societal impact, global growth engines, and the need for resilient, sustainable economic systems amidst geopolitical tensions.
Business and finance news from the Asia-Pacific. Oil gave up early gains and Asian stocks climbed as investors welcomed signs of diplomatic progress between the US and Iran. "Encouraging progress has been made including the creation of a mechanism for further technical talks," mediators Qatar and Pakistan said in a joint statement. The sides also established a communication line to avoid incidents and miscalculation, with the aim of ensuring safe passage for commercial vessels through the Strait...
Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the next U.S PCE and GDP data, along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to London Climate Action Week. In Asia – a look ahead to Australia CPI data. - Stuart Paul, US Economist with Bloomberg Economics, previews U.S PCE and GDP data. - Avalon Pernell, Bloomberg Equities Reporter, focuses on 3 stocks for the week ...
Business and finance news from the Asia-Pacific. Asian stocks hovered near record highs in holiday-thinned trading as optimism that the reopening of the Strait of Hormuz will restore oil flows and curb inflation pressures buoyed risk appetite. The MSCI Asia Pacific Index was little changed after five straight days of gains, while the chip-heavy Kospi was the top performer in the region, jumping 2.6%. A gauge of the sector in the US surged more than 6% to an all-time high, led by Intel Corp., aft...
Business and finance news from the Asia-Pacific. Federal Reserve Chairman Kevin Warsh vowed to restore price stability following his first policy meeting since taking the helm of the US central bank, after officials left interest rates unchanged and signaled growing support for rate hikes this year. "Persistently high prices are a burden for the American people, but the recent past need not be prologue," Warsh said in his debut press conference as chairman. Officials "are unambiguous and unanimo...
Business and finance news from the Asia-Pacific. Bonds advanced ahead of the Federal Reserve's policy decision, as a slide in oil prices to a three-month low helped ease concerns of a renewed inflation shock. Investors are also reassessing the global interest-rate outlook as the Fed meets for the first time under Chairman Kevin Warsh, with some expecting no changes this week and a shift in how the Fed communicates with markets. We speak to David Finnerty, Bloomberg's FX and Rates Strategist. Plu...
Business and finance news from the Asia-Pacific. Global stocks and bonds climbed on Monday as the US-Iran deal spurred a decline in oil prices and raised hopes that the war that has jolted markets since the end of February may be close to an end. Investors continue to monitor developments in the Middle East, watching for signs whether shipping traffic through the Strait of Hormuz is returning to normal and assessing if the peace accord will hold. We spoke to Stephen Stapczynski, Asia Energy Team...
Business and finance news from the Asia-Pacific. Stocks rallied, oil slumped and the dollar fell after the US and Iran said they had reached a deal to reopen the Strait of Hormuz. The Strait of Hormuz will be "opening" on Friday upon the signing of the deal with Iran, President Trump said in a post on Truth Social. The deal announcement came first from Pakistani Prime Minister Shehbaz Sharif, and was followed by Trump and Iranian state media. Neither side released the text of the deal but the br...
Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the next FOMC decision, along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to a high stakes UK election and Bank of England decision. In Asia – a look ahead to a monetary policy decision from the Bank of Japan. See omnystudio.com/listener for privacy information....
Business and finance news from the Asia-Pacific. Bank of Japan Governor Kazuo Ueda's hospitalization is generating uncertainty among investors over the central bank's messaging at its policy meeting next week, even as they remain convinced officials will raise interest rates. Ueda is expected to miss the BOJ's meeting on June 15-16 and will refrain from casting a vote, but will express his views via a statement. Deputy Governor Ryozo Himino will serve as acting chair while another deputy, Shinic...
Business and finance news from the Asia-Pacific. Stocks dropped as Middle East tensions flared up with new US attacks on Iran, weighing on markets already grappling with a selloff in richly valued tech stocks. Oil climbed. The latest US strikes have injected more volatility into global financial markets and threaten to further crimp oil supplies. We speak to Mark Cudmore, Global Leader of the Markets Live Team at Bloomberg News. Plus - The American military launched strikes against "multiple" ta...
Business and finance news from the Asia-Pacific. Oil steadied after Israel and Iran agreed to end attacks against each other following an escalation of violence that threatened to derail efforts to end the war in the Middle East. We spoke to Stephen Stapczynski, Bloomberg's Asia Energy Team Leader. Plus - Asian stocks rebounded from their biggest drop since March as tensions in the Middle East eased and a selloff in artificial intelligence shares abated. South Korean shares climbed 3% after inve...
Business and finance news from the Asia-Pacific. Stocks extended losses as a selloff in technology shares gathered pace and a robust US jobs data boosted bets on Federal Reserve interest-rate hikes. Oil rose and Treasuries fell as tensions flared in the Middle East. For more on the markets, we spoke to Lianting Tu, Bloomberg's Managing Editor for Asia Equities. Plus - South Korean stocks plunged as investors pulled back from artificial intelligence bets that have fueled the bull market in global...
Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S CPI and PPI data, along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to London tech week. In Asia – a look ahead to China PPI and CPI data. See omnystudio.com/listener for privacy information.
Business and finance news from the Asia-Pacific. Asian stocks declined along with US equity-index futures as enthusiasm for the artificial intelligence trade cooled after driving markets to record highs this year. Stocks are pulling back from record highs as Broadcom Inc.'s outlook for AI-chip sales fell short of elevated expectations, pausing a blistering advance in semiconductor shares from their war-driven lows. Investors now face a crucial test on Friday with the US jobs report, which could ...
Business and finance news from the Asia-Pacific. Asian stocks fell alongside US equity-index futures as the AI-fueled rally that powered global equities to record highs lost momentum after a weak forecast from Broadcom. Asian losses followed a pullback on Wall Street, where the S&P 500 snapped a nine-day winning streak as renewed US-Iran clashes damped risk appetite. Some relief emerged early Thursday after the US announced a ceasefire between Israel and Lebanon, helping Brent crude halt a t...
Business and finance news from the Asia-Pacific. Asian shares eased from record highs and oil held gains as efforts to revive a peace deal with Iran showed little progress. Even as the AI-driven rally continues to propel equities to record highs, financial markets have been whipsawed by geopolitical headlines after an escalation in Middle East hostilities jeopardized peace negotiations. For more on the markets, we heard from Willem Sels, Global CIO at HSBC Private Bank and Premier Wealth. He spo...
Business and finance news from the Asia-Pacific. Oil climbed and the dollar strengthened as negotiations to extend the US-Iran ceasefire showed few signs of a breakthrough. Brent crude rose above $93 a barrel, rebounding from its lowest close since mid-April as tensions in the Middle East remained elevated and efforts to reopen the Strait of Hormuz showed little progress. For more on the markets, Bloomberg TV host Haidi Stroud Watts spoke to Jun Bei Liu, Ten Cap Co-founder and Lead Portfolio Man...
Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the May jobs report, along with a focus on three stocks for the week ahead. In the UK – a look ahead to what comes next in the Ukraine war following fresh EU funds to Ukraine. In Asia – a look ahead to Australia GDP data. See omnystudio.com/listener for privacy information....
Business and finance news from the Asia-Pacific. There was a lot of volatility in the oil market. Even so, there is optimism that the US and Iran will reach a peace deal despite fresh hostilities and uncertainty over the vital Strait of Hormuz. Markets are trading the prospect of an Iran deal, but the physical reset will take time, and dips in oil prices are likely to remain shallow and temporary until Hormuz is genuinely reopened. We spoke to Stephen Stapczynski, Bloomberg's Asia Energy Team Le...
Business and finance news from the Asia-Pacific. Stocks trimmed gains and crude oil climbed after US strikes on sites in Iran curbed optimism over a potential deal with Tehran. US equity-index futures rose 0.6%, though gains were more subdued than Monday's holiday-thinned advance, when markets in the US were closed. Asian shares edged up 0.3%, off session highs, as American forces hit missile launch sites in Iran and boats trying to place mines, US Central Command said. The authorities described...
On this special Memorial Day edition of Bloomberg Daybreak - hosted by Nathan Hager. We look at the challenges ahead for new Fed Chair Kevin Warsh with Bloomberg News International Economics & Policy correspondent Michael McKee and Anna Wong, Chief US Economist with Bloomberg Economics We preview Costco and Best Buy earnings with Bloomberg Intelligence Analysts Jenn Bartashus and Lindsay Dutch And as we we kick off the unofficial start of summer, we will tell why this could be one of the mos...
Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S PCE and personal spending data, along with a focus on three stocks for the week ahead. In the UK – a look ahead to the Reykjavík Economic Conference in Iceland. In Asia – a look ahead to Australia CPI data. See omnystudio.com/listener for privacy information....
Business and finance news from the Asia-Pacific. Asian stocks and US equity-index futures advanced on optimism that the US-Iran talks could lead to a peace deal. However, concerns over a prolonged closure of the Strait of Hormuz have unsettled investors, pushing bond yields higher recently amid fears high oil prices will fuel inflation and force central banks to keep interest rates elevated. Even so, traders have largely brushed aside those risks since the war began in late February, propelling ...
Business and finance news from the Asia-Pacific. Nvidia Corp. aims to rely less on giant data center operators and predicts other businesses and governments will become a bigger source of revenue for its chips and computing products to support artificial intelligence ambitions. The company faces growing competition from chipmakers trying to carve out a piece of the AI computing business, and major buyers of Nvidia's technology are developing their own in-house components. In other news, SpaceX f...
Equities declined as concerns around Iran lingered even after President Donald Trump said he was holding off on fresh strikes on the Middle East country. Oil fell. Brent crude slipped 2% to about $110 a barrel, after earlier falling 2.8%. Trump said plans for a strike on Iran were called off following appeals from Persian Gulf allies, adding that "serious negotiations are now taking place." We spoke to Mark Cranfield, Bloomberg MLIV Strategist. And - Australian policy makers are increasingly con...
China has agreed to purchase at least $17 billion of agricultural products from the US annually through 2028, the White House said in a fact sheet detailing President Donald Trump's two-day summit in China. A day earlier, the Chinese Ministry of Commerce released its own readout of the meeting, which said the US and China will adopt a series of measures, including mutually cutting levies on certain products. China did not provide specifics, adding that teams from both countries were still negoti...
Bloomberg Daybreak Weekend with Host John Tucker take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to earnings from Nvidia and a focus on three stocks for the week ahead. In the UK – a look ahead to earnings from Europe’s largest low-cost airlines. In Asia – a look ahead to Japan GDP data. See omnystudio.com/listener for privacy information.
