logo
Bloomberg: The China Show 06/09/2025

Bloomberg: The China Show 06/09/2025

Bloomberg8 hours ago

'Bloomberg: The China Show' is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and Stephen Engle give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bloomberg Surveillance TV: June 9, 2025
Bloomberg Surveillance TV: June 9, 2025

Bloomberg

time19 minutes ago

  • Bloomberg

Bloomberg Surveillance TV: June 9, 2025

- Andrew Hollenhorst, Chief US Economist at Citi - Elizabeth Economy, Senior Fellow at the Hoover Institution - Francisco Blanch, Head: Global Commodities at Bank of America - Claudia Sahm, Chief Economist at New Century Advisors Andrew Hollenhorst, Chief US Economist at Citi, discuses his outlook for the US economy and why his team is changing their rate cut prediction for 2025. Elizabeth Economy, Senior Fellow at the Hoover Institution, discusses the latest developments in US-China trade negotiations. Francisco Blanch, Head: Global Commodities at Bank of America, talks about the outlook for commodities and oil and energy prices globally. Claudia Sahm, Chief Economist at New Century Advisors, breaks down the health of the labor market and where it's trending in 2025.

US-China trade, inflation, Apple's big event: Here's what the stock market is watching this week
US-China trade, inflation, Apple's big event: Here's what the stock market is watching this week

Business Insider

time24 minutes ago

  • Business Insider

US-China trade, inflation, Apple's big event: Here's what the stock market is watching this week

Investors will be monitoring a host of potentially market-moving events this week, with updates due on trade and inflation, while Apple kicks off a highly anticipated product event. Recession fears have edged down after the turmoil that racked markets earlier in the spring, but the market is still struggling with uncertainty regarding President Donald Trump's trade policies and their implications for the economy. While last week's jobs report showed a solid labor market, investors are monitoring how the inflation side of the Federal Reserve's dual mandate fares this week, and how it will influence the rate-cut outlook for the year. Meanwhile, Apple's Worldwide Developers Conference will provide insight into not only new software updates but also the future of the AI race among mega-cap tech companies. Here's what investors are watching this week. US-China trade talks After last week's phone call between Trump and Chinese president Xi Jinping, China and US trade officials are meeting in London on Monday for two days of trade negotiations. Last month's trade talks were key to calming recession fears and helped propel the S&P 500 to its highest levels since February, but concerns still remain. The biggest negotiation topic will be over China's exports of rare earth metals, which are critical components in manufacturing semiconductors, smartphones, and other technologies. Continued improvements in trade relations between the two countries will be critical to reducing volatility in the market and could shed clarity on the direction of tariff rates. CPI data The consumer price index for May will be released on Wednesday. Last month 's reading of 2.3% was fairly benign, but investors will continue to watch for signs of Trump's tariffs showing up in the hard data. Importantly, the reading will be key in determining the Fed's next move. The median forecast is for annual consumer inflation to have risen 2.5% last month. Meanwhile, expectations for the June 17 Fed meeting are for officials to keep interest rates unchanged. "The big surprise could be how little Trump's tariffs are boosting inflation despite upward pressures on prices-paid and prices-received indexes in the Fed's regional business surveys," wrote on Sunday. Yet, some strategists have predicted that inflation will pick up in the back half of this year, spurring stagflation concerns. Meanwhile, consumer sentiment will get a fresh reading on Friday. Sentiment has been low as Americans feel pessimistic about tariffs, though hard data that the Fed looks at has held up. Apple's Worldwide Developers Conference All eyes will be on Apple this week as it kicks off its annual Worldwide Developers Conference, where the company is expected to unveil new AI features embedded in iOS 19. The conference will be an opportunity for Apple to address several headwinds it has faced this year. "In a nutshell WWDC is a pivotal moment in Apple's future as the developers are the hearts and lungs of the Cupertino growth story with the Street being laser-focused on Apple today," Wedbush analyst Dan Ives wrote. The tech giant has trailed peers like Microsoft and Google in the AI race, and its stock has taken a beating this year as the worst-performing Magnificent Seven member, largely due to concerns about tariffs and iPhone production. Last month, Trump threatened a tariff of at least 25% on iPhones not made in the US. Investors will be looking for updates on Apple Intelligence as well, as the company's AI offering has been underwhelming to Wall Street. A key bond auction The US Treasury sells a lot of bonds, and usually the sale is unremarkable for markets. However, with deficit concerns running high as the GOP budget bill moves through Congress, a $22 billion auction of 30-year bonds on Thursday could move the market if demand appears weak. A weak sale of 20-year bonds last month rattled markets and sent yields surging, and all eyes are on this week's sale as a potential investor referendum on the sweeping tax and spending bill.

China shuts down AI tools during nationwide college exams
China shuts down AI tools during nationwide college exams

The Verge

time33 minutes ago

  • The Verge

China shuts down AI tools during nationwide college exams

Chinese AI companies have temporarily paused some of their chatbot features to prevent students from using them to cheat during nationwide college exams, Bloomberg reports. Popular AI apps, including Alibaba's Qwen and ByteDance's Doubao, have stopped picture recognition features from responding to questions about test papers, while Tencent's Yuanbao, Moonshot's Kimi have suspended photo-recognition services entirely during exam hours. The increasing availability of chatbots has made it easier than ever for students around the world to cheat their way through education. Schools in the US are trying to address the issue by reintroducing paper tests, with the Wall Street Journal reporting in May that sales of blue books have boomed in universities across the country over the last two years. The rigorous multi-day 'gaokao' exams are sat by more than 13.3 million Chinese students between June 7-10th, each fighting to secure one of the limited spots at universities across the country. Students are already banned from using devices like phones and laptops during the hours-long tests, so the disabling of AI chatbots serves as an additional safety net to prevent cheating during exam season. When asked to explain the suspension, Bloomberg reports the Yuanbao and Kimi chatbots responded that functions had been disabled 'to ensure the fairness of the college entrance examinations.' Similarly, the DeepSeek AI tool that went viral earlier this year is also blocking its service during specific hours 'to ensure fairness in the college entrance examination,' according to The Guardian. We were unable to find any public announcements from the AI companies mentioned, with The Guardian reporting that news around the shutdowns is being driven by students on the Chinese social media platform Weibo. The gaokao entrance exam incites fierce competition as it's the only means to secure a college placement in China, driving concerns that students may try to improve their chances with AI tools.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store