Bloomberg Daybreak Asia: Trump Tariff Deadline Rattles APAC Markets
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
25 minutes ago
- Bloomberg
Bloomberg Surveillance: All-Time Highs
Watch Tom and Paul LIVE every day on YouTube: Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney July 1st, 2025 Featuring: 1) Bob Michele, CIO: Fixed Income at JPMorgan Asset Management, joins for an extended discussion on the outlook for yields and why there could be more bond investment in 2025. The 10-year Treasury yield declined four basis points to 4.19% in the early morning as investors increased wagers on the scale of potential Federal Reserve interest rate cuts this year. 2) Cam Dawson, CIO at NewEdge Wealth, talks about equity all-time highs and raising the pain trade. US equity futures retreated slightly after the S&P 500 notched its best quarter since 2023, as investors monitor progress on trade talks and wrangling in Washington over President Trump's tax bill. 3) George Goncalves, Head: US Macro Strategy MUFG Securities, Americas, talks about the outlook for US economic growth should the tax bill pass and his economic projections for 2025 as the labor market shows signs of weakening. Investors are also watching for a slew of economic data, including PMI readings and the US job openings report, ahead of Thursday's nonfarm payrolls, and a discussion on monetary policy at the European Central Bank's annual retreat. 4) Michael Lasser, Equity Research Analyst: Consumer Hardline Staples at UBS, explores the potential ramifications of the bill on an aggregate consumer spending level, as well as the potential impacts for each consumer subsector and individual stocks. US consumer spending declined 0.3% in May, the most since the start of the year, indicating uncertainty around the Trump administration's economic policies is weighing on growth. 5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a story from The Athletic on ESPN and MLB resuming broadcasting rights talks and a WSJ story on why the July 4th BBG may get more expensive.
Yahoo
26 minutes ago
- Yahoo
McDonald's is adding a Spicy McMuffin to its breakfast lineup
You can find original article here Nrn. Subscribe to our free daily Nrn newsletter. McDonald's 50th anniversary celebration of its signature Egg McMuffin continues with the introduction of a Spicy McMuffin, available starting July 8 at participating restaurants for a limited time. The offering includes melted cheese, an egg, Canadian bacon, and Spicy Pepper Sauce served on a toasted and buttered English Muffin. The summer lineup also includes the Spicy Sausage McMuffin and the Spicy Sausage McMuffin with Egg. According to the company, the popular Egg McMuffin was created by Herb Peterson, a franchisee in Santa Barbara, Calif., who presented the concept to founder Ray Croc in 1971. The idea was to create a portable Eggs Benedict. Breakfast is a priority for McDonald's value platform, as its McValue menu, introduced in January, includes items like the Sausage McMuffin, Sausage Biscuit, Sausage Burrito, and Hash Browns, available for a "Buy One, Add One for $1" deal. During the company's fourth quarter earnings call earlier this year, chief financial officer Ian Borden said breakfast has been a strong daypart for the domestic business. 'It's an area where we're taking share,' he said. During the first quarter earnings call in late April, however, chief executive officer Chris Kempczinski said there has been a decline in frequency during the 'bellwether' breakfast daypart. 'Morning now is a place that you're seeing people are choosing either to skip breakfast or they're choosing to eat at home for breakfast. And I think that's more to explain what's going on in the U.S. versus any kind of segment shift,' he said. The Spicy McMuffin comes on the heels of two other menu launches for McDonald's, a new Blueberry & Crème Pie and a new premium burger called the Daily Double. These launches come as the chain has experienced two rare and consecutive quarters of same-store sales declines and traffic softness. Contact Alicia Kelso at Sign in to access your portfolio
Yahoo
26 minutes ago
- Yahoo
Bitcoin Bulls Should Be Wary of the Dollar Index's Death Cross: Technical Analysis
Bitcoin (BTC) bulls are optimistic that the U.S. dollar's broader sell-off will continue in the second half of the year, fueling the crypto bull run. However, one chart warrants caution when relying on bearish dollar predictions. That's the dollar index's weekly chart, which shows the 50-week simple moving average (SMA) is on track to cross below the 200-week SMA in the near term, forming the notorious death cross. While the ominous-sounding pattern is widely regarded as a long-term bearish signal, historically, it has proven to be a bear trap, consistently marking bottoms and bullish trend reversals in the US dollar. The chart below shows that DXY has chalked out four weekly chart death crosses since 2009, and each of those marked the end of downtrends (marked by vertical lines), setting the stage for sharp rallies. The last one occurred in January 2021, marking the bottom at around 90. The dollar caught the bid in the subsequent months, with the index eventually hitting a high of over 114.00 in September 2022. Note that price patterns do not always unfold as expected, meaning the impending death cross may not necessarily trap bears; however, being aware of its past tendency can help traders manage their positions more effectively. The dollar index, which tracks the greenback's value against major fiat currencies, tanked by 10.78% in the first half of the year, its worst performance since 1991.
