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Waiting On US Inflation Data & 7.4 Million Struggling To Pay Bills

Waiting On US Inflation Data & 7.4 Million Struggling To Pay Bills

FromBloomberg Daybreak: Europe Edition


Waiting On US Inflation Data & 7.4 Million Struggling To Pay Bills

FromBloomberg Daybreak: Europe Edition

ratings:
Length:
16 minutes
Released:
Apr 10, 2024
Format:
Podcast episode

Description

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Today's CPI data is unlikely to settle the debate around the timing of Federal Reserve interest-rate cuts, with forecasters expecting some moderation following elevated inflation readings at the start of the year.(2) Fitch Ratings has revised China's outlook to negative from stable, saying the government is likely to pile on debt as it seeks to pull the economy out of a real estate-driven slowdown. (3) - Apple assembled $14 billion of iPhones in India last fiscal year, doubling production in a sign it's accelerating a push to diversify beyond China.(4) Around 7.4 million people in the UK are struggling to pay the bills, underlining the scale of the cost of living crisis even as the total declines from last year's peak, according to the Financial Conduct Authority.(5) Meta is under immense pressure to ensure that social media content created by artificial intelligence doesn't cause havoc with elections this year. The company's top leaders say they haven't seen that happen yet on their services. See omnystudio.com/listener for privacy information.
Released:
Apr 10, 2024
Format:
Podcast episode

Titles in the series (100)

Bloomberg Daybreak delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 2,700 journalists and analysts in 120 countries.