Bloomberg Daybreak: Asia Edition Daybreak Weekend: US CPI, Paris Nuclear Talks, Vietnam Elections
Mar 6, 2026
Francesca Stevens, Hanoi-based Bloomberg Vietnam bureau chief covering elections and trade. Piotr Skolimowski, Warsaw-based reporter on Central and Eastern Europe and defense policy. Matthew Griffin, equities reporter focused on earnings and tech trends. They discuss US inflation data and market risks. Paris talks on nuclear sharing and Poland's defense options. Vietnam's legislative vote, export growth, and investment upgrades.
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Core PCE Not Headline CPI Is The Fed's Main Concern
- Core U.S. inflation risk centers on core PCE, not headline CPI.
- Edward Harrison flags core PCE at ~3.1% and says that sustained core inflation near 3% keeps rate cuts off the table and could even prompt hikes.
Stagflation Light Raises The Fed's Dilemma
- Slowing growth with persistent inflation creates a stagflation-lite dilemma for policymakers.
- Harrison notes weak payrolls plus 3% core PCE would limit the Fed's ability to cut and risk unanchoring inflation expectations.
Demand Proof Of AI Spending In Quarterly Results
- Investors should scrutinize AI spending versus near-term revenue when evaluating tech earnings.
- Matthew Griffin says Oracle's heavy capex and job cuts are meant to fund AI data centers, so watch revenue growth and margin payoff in the report.