gina martin adams joints me now. is it finally time for the worm to turn? gina: one would hope and that is in analyst forecast. we are experiencing peak growth conditions, or maybe just past, for tech and tech adjacent sectors which certainly power the bulk of the early recovery from the s&p 500's earnings recession of 2022-2023. but the analyst community is expecting that to change pretty materially. we should see accelerating earnings growth through the remainder of 2024 and into 2025, to the point where tech and ex-tech industries are pretty evenly matched. vonnie: what will power that? we are looking for the labor market to soften a little bit, wages to soften. all the data that we got today, personal income and spending disappointed. gina: what we are looking at, consumer data points tend to be more important. ism survey reached its trough more than a year ago now. investments are slowly recovering in fits and starts. manufacturing investment is generally improving pretty quickly. yesterday's gdp report, something of a disappointment but business trends

paul: gina martin adams there, and cooper joining us.e will stay with china, because we have president xi jinping in europe, there for the first time in five years. we will get the latest on his goals in the region next. this is bloomberg. ♪ paul: chinese president xi jinping has arrived in france on a three nation trip through europe designed to bolster ties even as trade tensions mount. rebecca wilkins joins us for more. what does a successful trip look like for xi jinping? >> for china, the main priority is to figure out a way to put more space between eu policy and u.s. policy. we have seen the eu moving and lockstep with the u.s. when it comes to expanding this litany of investigations and probes into state 70's -- state subsidies. it has spread to a range of other cleantech industries and is a major sticking point from beijing's point of view, because of course, part of their plan for economic recovery is the so-called new three growth drivers, which include solar panels send electric vehicles, so it is a major issue for beijing an

let's get the applications with gina martin adams. we will go industry-specific. do you have to be all in on tech right now? gina: there are other opportunities bubbling up and we are seeing this play out real-time over the course of 2024. we look at 40 different themes in the thematic library and we look at stocks exposed to those themes. what we find is that of all the stocks exposed, nvidia is not the best performing stock. we are seeing themes of fiscal environment start to apple for themes of tech. themes of energy is the best multi-theme stock in the library. this is evidence of what is happening in the broader market and that is tech was the story. without a doubt, the only story of 2023. that resulted in a lot of attention, a lot of capital flowing into tech and nvidia of course at the center of that story. as we move through 2024 we are starting to see other earnings growth emerge. we are seeing commodity prices hopping again. we are seeing growth prospects improve for financials as well as industrial companies. even consumer and healthcare companies are o

gina martin adams, thank you for being with us. of narratives? lara: cpi data, i think it will show a continuing trend of stalled this inflation and from here it is so critical to recognize and it speaks directly to what she was just saying. today expectations around the economy are positive. i would almost argue it is optimism at full throttle. that is a time when we just need to recognize that probably all of the good news on the macro side is priced in. it does not mean that we are in for a huge stumble, but it is a time for caution because we are so stretched. lisa: meaning going to gamestop. [laughter] not a recommendation, just what some are doing. coming up at 3 p.m. eastern on the lows, katherine tai at a time when there is quite a bit of strain, given the announcement of highly expected tariffs on chinese electric vehicles announced. tomorrow we have evan brown and evan denny research. ♪ her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they