Here's your summary from Bloomberg The Open 05/28/2024 (https://www.youtube.com/watch?v=sVUVpxfFuPo) on the Bloomberg Television channel:
**TLDR:** The video discusses the potential for multiple rate cuts by the Fed, strong earnings growth in the US, and the rebound of Apple's iPhone in China.
**Key Points:**
1. The Fed is expected to implement multiple rate cuts this year to address rising unemployment and ongoing deceleration in inflation.
2. Earnings growth in the US is projected to be strong, with a focus on sectors like information technology and communication services.
3. Apple's iPhone is experiencing a rebound in China, with shipments rising and the stock showing positive growth after discounts from retail partners.
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