Richard Macauley

Hong Kong

Editor at Bloomberg Businessweek

At Bloomberg Daybreak in Hong Kong, formerly based in Chongqing. Tweets are my own opinion, retweets not endorsements.

Articles

White House Bans Travel From 12 Countries

3 weeks ago | bloomberg.com | Richard Macauley

Good morning. Donald Trump signs a travel ban to restrict entry to the US for some nations. The European Central Bank may cut rates today. And Nintendo’s Switch 2 goes on sale. Listen to the day’s top stories. Donald Trump clamped down further on immigration, banning individuals from 12 countries and limiting entry to people from another 7 nations. He also barred foreign students from entering to study at Harvard.
China PMI Hits Weakest in More Than Two Years

3 weeks ago | bloomberg.com | Richard Macauley

Good morning. A gauge of Chinese manufacturers unexpectedly tumbles. The UK and US will talk trade in Paris. And Saudi Arabia’s hurdles are reshaping the Middle East’s financial order. Listen to the day’s top stories. China’s Caixin purchasing manager’s index unexpectedly fell in May to 48.3, as US tariffs took a toll on smaller exporters. The gauge indicates contraction ahead, and had been expected to improve, not worsen.
US Dollar Set to Fall, Morgan Stanley Says

3 weeks ago | bloomberg.com | Richard Macauley

Good morning. Morgan Stanley sees the US dollar weakening another 9% in the year ahead. Ukrainian drones hit as far as Siberia. And read our travel expert’s top tips for Japan. Listen to the day’s top stories. The dollar may fall a further 9% by this time next year as the US economy slows and the Federal Reserve cuts rates, Morgan Stanley said. European currencies will be among the biggest beneficiaries.
Trump Tariffs Remain in Place For Now

4 weeks ago | bloomberg.com | Richard Macauley

Good morning. Donald Trump’s tariffs remain in place for now. UK business confidence jumps in May. And read all about cask-strength whiskey in our latest edition of Top Shelf. Listen to the day’s top stories. Trump’s tariffs will stay in effect after an appeals court paused a block on them. Read our QuickTake to get caught up on the legal tussle.
Markets Look for Hope Amid Trade Tensions

1 month ago | bloomberg.com | Richard Macauley

Good morning. European equity futures are optimistic after a long weekend. A man is arrested after a car rams a crowd in Liverpool. And the UK plans to train 120,000 British builders, engineers and care workers. Listen to the day’s top stories. US equity futures rose while Asian stocks swung between gains and losses as markets looked for signs of hope in ongoing negotiations between America and its trading partners. FTSE 100 contracts edged higher.
US Pushes EU for Unilateral Tariff Cuts: FT

1 month ago | bloomberg.com | Richard Macauley

Good morning. The US is reportedly pushing the EU to cut its own tariffs first. The Trump administration bars foreign students from Harvard. And Spain pushes ahead for a 100% tax for non-EU home buyers. Listen to the day’s top stories. The US is pushing the EU to make unilateral tariff reductions or face reciprocal duties of 20%, the FT reported. Washington will tell Brussels today that Europe’s focus on mutual tariff reductions falls short of US expectations, the report said.
Russia, Ukraine to Negotiate End to War, Trump Says

1 month ago | bloomberg.com | Richard Macauley

Good morning. Donald Trump says Russia and Ukraine will begin peace talks. France, Britain and Canada threaten sanctions against Israel. And Brexit never seems to end. Listen to the day’s top stories. Russia and Ukraine will start talks immediately on ending the war, Donald Trump said, following his two-hour call with Vladimir Putin. The US president didn’t rule out further sanctions on Moscow or fresh weapons shipments to Kyiv, while making clear he was disinclined to do either.
Paris-Orly Flight Delays May Extend Into Today

1 month ago | bloomberg.com | Richard Macauley

Good morning. Travel chaos may continue today at Paris-Orly airport. There’s a flurry of diplomacy among the US, Russia and Europe. And kidnappings are causing crypto high-rollers to increase security spending. Listen to the day’s top stories. Chaos at Paris-Orly airport may continue today, AFP reported. Hundreds of flights were delayed or canceled from yesterday afternoon after air traffic control systems suffered a failure. Airlines were asked to cut 15% of flights at the airport today.
Stocks Rise on US-China Trade Talks Progress

1 month ago | bloomberg.com | Richard Macauley

Good morning. Positive murmurs from the China-US trade talks are boosting stock markets. Ukraine President Volodymyr Zelenskiy says he hopes Russia's Vladimir Putin doesn't look for excuses to cancel their planned meeting this week. And Pope Leo calls for a lasting end to hostilities. Listen to the day’s top stories. European stock futures rose along with US contracts and most Asian equities, as the US and China made “substantial progress” on trade talks.
Dollar Rebounds, Ending Two Day of Declines

1 month ago | bloomberg.com | Richard Macauley

Good morning. The dollar rebounds on signs the US service sector remains strong. Friedrich Merz takes over as German chancellor today. And 12-cent cola is shaking up India’s fizzy drink industry. Listen to the day’s top stories. The dollar bounced back after two days of declines as data showed activity at US service providers accelerated last month. Wells Fargo’s Christopher Harvey expects the S&P 500 Index to end the year at more than 7,000. And FTSE 100 contracts pointed higher after a long weekend.