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Bloomberg Surveillance 5/29/2025

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Asia’s Traders Weigh Tech Selloff, US Midterms

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“: The Asia Trade” brings you everything you need to know to get ahead as the trading day begins in Asia. TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets.

Chapters:
00:00:00 – : The Asia Trade begins
00:02:49 – Tech rout puts markets on volatility watch
00:08:37 – Iran braces for renewed US-Israeli strikes
00:13:06 – Kioxia warns flash memory prices stalling after 3Q guidance miss
00:15:56 – Foxconn Chairman Young Liu on AI demand, spending
00:19:44 – Westpac profit slips 1% to $4.8B, misses est.
00:26:01 – Goldman Sachs’ Bruce Kirk on Japan equity strategy
00:34:09 – JAPAN AHEAD: NTT’s Mihoko Matsubara on Japan’s cyberattack surge
00:44:47 – WCE Summit: Female voices of impact and innovation
00:47:20 – Markets open in Japan, South Korea
00:51:45 – US midterms put Asia’s AI trade on watch
00:56:19 – Trump: May become ‘Mr. Veto’ if Democrats win midterms
01:00:19 – EXCLUSIVE: UBS Global Wealth Management’s Amy Lo on business outlook, investing in Asia
01:13:22 – BREAKING: S&P Global releases Oct. factory activity gauges
01:14:20 – EXCLUSIVE: Capital Group’s Vice Chair Jody Jonsson on Asia strategy, FSRA license in Abu Dhabi
01:22:20 – China to convene meeting on supporting stock market: Reports
01:24:32 – Intelligence: China to lead 8 of 17 strategic technologies by 2030
01:29:06 – Foxconn Chairman Young Liu on partnership with OpenAI
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Talarico Completes Democratic Sweep of Texas

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Texas turns blue for the Democrats. James Talarico won the US Senate race defeating Republican Ken Paxton, an ally of President Donald Trump. Democrats also won the governor’s office and other down-ballot slots. Talarico told supporters they were always the underdogs.
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LIVE: Federal Reserve Holds Rates Steady | Special Coverage

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Federal Reserve officials left interest rates unchanged and pointed to improvements in the US economy as they signaled a more cautious approach to potential future adjustments.

Bloomberg TV analyzes the latest decision followed by Chair Jerome Powell’s press conference in Washington.

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Election Day: What To Know From Alaska

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Voters in Alaska are choosing between incumbent Republican Dan Sullivan and Democratic challenger Mary Peltola in the Senate race. Anna Edgerton reports
——–
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Apple Sales Meet Estimates, China Is a Weak Spot

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Apple posted September quarter revenue that narrowly topped analysts’ estimates, even as sales in the key Chinese market fell short of projections. Revenue rose 12% to $114.5 billion during the fiscal fourth quarter, which ended Sept. 26, the company said in a statement. Analysts had estimated $113.5 billion on average, according to data compiled by Bloomberg. The quarterly report — the first under new Chief Executive Officer John Ternus — offered a mixed picture to investors. Sales growth decelerated from a 16% clip in the June quarter, and results from Apple’s iPad and wearables businesses were particularly weak. But the iPhone, the company’s biggest moneymaker, remained strong. Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech, joins to discuss the results. He speaks with Carol Massar and Tim Stenovec.
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