Episode summary
Daybreak Weekend: US CPI, Ireland Summit, China's Singles Day | Bloomberg Daybreak: US Edition
Bloomberg Daybreak: US Edition
· · 39 min · Hosts: John Tucker
Summary
The program looks ahead to a busy week for markets and geopolitics, led by Tuesday’s U.S. CPI report and Friday’s PPI data. John Tucker and Edward Harrison frame inflation as the key input for Fed policy, with Harrison saying the latest readings still look high enough to keep pressure on the central bank, even as wages and the jobs report point to a mixed economy. He also argues that producer prices suggest inflation is still building in the pipeline.
The show then previews Monday earnings from Paramount Skydance, Hims & Hers, and Take-Two Interactive. The focus at Paramount Skydance is whether the newly merged company can realize promised synergies and reduce roughly $79 billion of net debt. Hims & Hers is tied to its Lilly partnership and continued GLP-1 momentum, while Take-Two’s outlook hinges on demand and timing for Grand Theft Auto 6.
Outside the U.S., the episode turns to Ireland’s hosting of the European political community summit and the EU leaders’ meeting, with guests emphasizing enlargement, the Ukraine war, budget disputes, and France’s debt and political risk. It closes with China’s Singles Day, where the retail story has shifted toward livestreaming, AI promotions, and stronger domestic brands, even as weak consumer demand and cautious spending weigh on sales.
Key takeaways
- Edward Harrison says U.S. inflation near 2 1/2% core and 3 1/2% headline still looks hot enough to keep the Fed on alert for December.
- Norah Melinda says Paramount Skydance’s main issue is proving it can capture at least $6 billion of synergies while managing about $79 billion of net debt.
- Hims & Hers is leaning harder into obesity drugs, with the Lilly tie-up potentially improving conversion and retention on its platform.
- Take-Two investors are waiting for any signal on Grand Theft Auto 6 pre-orders or delay risk ahead of the November 19 launch.
- Guests on the EU segment say Ireland’s summit will center on enlargement, the Ukraine war, and a contentious budget fight ahead of next year’s elections.
- Shirley Jiao says Singles Day is now a month-long campaign shaped by livestreaming, AI sales pushes, and weak Chinese consumer demand.
Notable quotes
“We're going to get uh consumer price index data on Tuesday PPI that comes out on Friday”
“we're looking in the range of 2 1/2 uh% as the number to to look for year-over-year”
“the numbers from last month were uh around 2 1/2% uh for the core and a very elevated 3 1/2% uh for the um the actual headline number”
“the biggest question here for investors will be how quickly this company can actually integrate all of the businesses”
“The launch is currently set for November 19th. But the earnings from Take 2 Interactive are actually going to come out on Monday”
How the episode opens
Bloomberg Audio Studios, podcasts, radio, news. This is Bloomberg Daybreak Weekend, our global look at the top stories in the coming week from our Daybreak anchors all around the world. Straight ahead on the program, a look ahead to some key inflation data in the US, how that's going to impact Fed policy. I'm John Tucker in New York. I'm Caroline Hepka in London where we're looking ahead to a major gathering of European leaders being hosted by Ireland.
I'm Doug Krishnner looking ahead to the world's largest shopping event, Singles Day in China. That's all straight ahead on Bloomberg Daybreak Weekend on Bloomberg 1130 New York, Bloomberg 991 Washington DC, Bloomberg 929 Boston, DAB Digital Radio London, SiriusXM121, and around the world on Bloombergradio.com and the Bloomberg Business App. Hi everybody, I'm John Tucker and let's start today's program with some key inflation data in the US.
We're going to get uh consumer price index data on Tuesday PPI that comes out on Friday. Both of these data points uh coming at 8:30 in the morning Wall Street time. And for more on how this may impact Fed policy, among other things, we're joined by Edward Harrison, Bloomberg senior strategist and author of the Everything Risk Newsletter.
Ed, thanks for being with us. Appreciate it. Um, here's a fun fact.
At least with the the CPI that we're going to get Tuesday, we're going to get month overmonth figures. We're not going to get year-over-year figures. Do I have that right?
Yeah, that is interesting that uh we're not uh they're not publishing them, but I can I can tell you John that uh the numbers from last month were uh around 2 1/2% uh for the core and a very elevated 3 1/2% uh for the um the actual headline number.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- us cpi
- stock picks
- ireland summit
- china singles day
- week ahead market outlook
Companies and tickers mentioned
- HIMS
- TTWO
- Paramount Skydance
- Hims & Hers
- Take-Two Interactive
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Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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