Bloomberg Daybreak: US Edition Daybreak Weekend: U.S CPI, UK Security, China CPI
6 snips
Sep 5, 2025 
Joining the discussion is Mark Gurman, Managing Editor for Global Consumer Tech at Bloomberg News, renowned for his insightful analysis on Apple. He previews the much-anticipated iPhone 17 launch, highlighting innovative design features and updates to Siri. The talk also dives into Apple's strategic partnerships and AI initiatives. Beyond tech, the podcast reflects on rising global tensions affecting the defense industry, while examining crucial economic data from China, including CPI and PPI, shaping the marketplace.
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Quarter-Point Fed Cut Looks Likely
- A 25 basis point Fed cut in September looks almost certain given recent data and unemployment at 4.3%.
- Paul argues a larger cut would be hard to justify with the current unemployment level, making a quarter point likely.
iPhone Redesign And Siri’s AI Overhaul
- Apple will redesign its iPhone line with a new camera bar and a thinner 'iPhone 17 Air' model that sacrifices some features for slimness.
- Mark Gurman says Apple is also moving Siri toward an AI-powered web answer engine powered likely by Google models.
Google Search Deal Is Huge Revenue Source
- Apple earns roughly over $20 billion a year from its default search deal with Google, a major revenue stream.
- Gurman says the court ruling preserving that arrangement eases breakup concerns and stabilizes industry precedent.