We're sunsetting PodQuest on 2025-07-28. Thank you for your support!
Export Podcast Subscriptions
cover of episode Daybreak Weekend: Jobs Preview, France Conference, China-Iran Relations

Daybreak Weekend: Jobs Preview, France Conference, China-Iran Relations

2025/6/27
logo of podcast Bloomberg Daybreak: Europe Edition

Bloomberg Daybreak: Europe Edition
AI Deep Dive AI Chapters Transcript
People
A
Aditi Rashkina
A
Alan Katz
J
Javier Blas
J
Jean d'Albert
J
Jenny Marsh
N
Nicolas Erronimus
S
Stuart Paul
Topics
Stuart Paul: 五月份的个人收入和支出报告显示出滞胀的迹象，个人支出下降，收入增长低于预期，核心通胀略高于预期。关税转嫁导致消费者减少在非必需品和服务上的支出。消费者因收入降低和物价上涨而感到压力，并且尚未完全感受到特朗普关税的影响，他们正试图满足必需品的需求。虽然劳动力收入略有增长，但预计劳动力市场将降温，消费者将更加关注必需品并建立预防性储蓄，如果劳动力市场裂缝扩大，支出将进一步回落。预计六月份新增就业岗位为12万，但风险偏向下行，可能仅增加数万个岗位，不足以跟上劳动力增长，失业率可能上升至4.3%。我们正接近联邦公开市场委员会（FOMC）成员预期的4.5%的年底失业率。

Deep Dive

Chapters
This chapter analyzes the May personal income and outlays report, revealing a stagflationary trend with declining spending and income, and unexpectedly high core inflation. The impact of tariffs, particularly on consumer spending, is discussed, along with expectations for the June jobs report and its implications for the Fed's actions.
  • May personal spending declined 0.1%, personal income growth declined 0.4%, and core inflation rose 0.2%
  • Tariff pass-through, especially into non-durable goods, is causing consumers to retrench.
  • June jobs report expected to show 120,000 jobs added, but risk is skewed to the downside.
  • Unemployment rate is likely to rise to 4.3%

Shownotes Transcript

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.

  • In the US – a look ahead to the June jobs report and commodities outlook.
  • In the UK – a look ahead to the annual summer economic conference in the Southern French city of Aix.
  • In Asia – a look at relations between China and Iran.

See omnystudio.com/listener) for privacy information.