Bloomberg Intelligence

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- Matthew Palazola, Bloomberg Intelligence, Senior Analyst, P&C Insurance, on Berkshire Hathaway Inc. founder Warren Buffett stepping down as the company’s chairman to be replaced by his son Howard, effectively ending roughly six decades at the helm of the conglomerate.

- Janet Lorin, Bloomberg News higher education reporter, on The University of Kansas's David Booth Kansas Memorial Stadium is undergoing an $800 million renovation that includes luxury seats and amenities, showing how the new financial model in college sports resembles that of professional teams.

 - Randall Williams, Bloomberg Business of Sports Reporter, on On Holding signing French superstar Kylian Mbappé to lead its push into football, mounting a bold challenge to Nike Inc. and Adidas AG’s dominance of the sport.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Sid Philip, Bloomberg Chief Correspondent for Global Aviation discusses how After being credited with stabilizing Boeing over the past few years, Chief Executive Officer Kelly Ortberg laid out a set of challenges that surprised investors who had grown comfortable with the more steady performance at the US planemaker.

- Danish Nagda, Founder and CEO at Rezilient, talks AI as Titans of the artificial intelligence industry gathered in Scotland to hear Britain’s monarch challenge them to control their inventions. King Charles III convened technology leaders and other influential figures for a summit focused on the mounting risks of AI, a topic that has captivated the globe this week. While the executives there didn’t publicly commit to any changes, some addressed the safety concerns directly. 

- Nathan Naidu, Bloomberg Intelligence Technology Research Analyst, explains how GTA VI could reshape gaming engagement beyond its launch, pulling players from GTA V, Call of Duty, Fortnite and Forza Horizon while also expanding gaming interest beyond core console gamers over time. Its broad entertainment reach, highlighted by the Netflix reveal, suggests the game can attract lapsed or less-active players back to gaming even as it temporarily absorbs hours from rival titles. 

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Matthew Bloxham, Bloomberg Intelligence Senior and Tech Analyst, joins to discuss how AI tensions between Anthropic and the administration were reignited by a essay posted by the company's Chief Executive Officer Dario Amodei, who called for government regulation and urged pacing development of the most advanced AI systems. President Donald Trump dismissed fears about AI risks as "a hoax" and rejected the idea of new rules, while leading AI developers have begun discussing AI safety concerns among themselves.
Separately, OpenAI is holding early talks with investors about a fresh funding round that would value the company at more than $1.2 trillion ahead of an initial public offering.

-Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, continues the conversation on AI. According to Bloomberg Intelligence: AI spending is rising faster than corporate executives can track its impact, with only 9% saying they can confidently measure financial returns even as 92% see costs going up next year. As the predictable economics of software subscriptions shifts to agentic AI, two-thirds say AI use, measured in tokens, has at least doubled in a year.

-- Andrew Grant, BloombergNEF Head of Intelligent Mobility, discusses BNEF's passenger car outlook. According to BNEF: Passenger cars are the most significant form of road transport and will remain vital to the way people get around in the coming decades. Global sales continue to rise but peak in 2037 at just under 100 million vehicles in BloombergNEF’s modeling, marking an end to over-a-century of growth. 

-Laura Rapaport, Founder & CEO of North Bridge, discusses the state of commercial real estate. NYC office conversions have moved from a niche strategy to a meaningful part of New York City's housing pipeline, with 74 projects permitted so far in 2026 and 122 underway across the city. North Bridge also sees hotels as the next repositioning wave. Hotel sales rose 28% in the first half of the year. Owners under debt and liquidity strain are selling rather than funding brand-required upgrades, drawing buyers willing to renovate.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

Matthew Bloxham, Bloomberg Intelligence Senior and Tech Analyst, discusses AI. OpenAI is working with Anthropic PBC and Google DeepMind to address artificial intelligence safety issues, according to Chris Lehane, the global policy chief for OpenAI. President Donald Trump’s opposition to guardrails on artificial intelligence puts him at odds with a growing number of lawmakers from both parties, with AI safety fears adding to voters’ misgivings about the technology. Trump belittled a push led by Anthropic PBC and OpenAI to slow work on cutting-edge systems, invoking bombastic language to dismiss existential fears about AI as “a hoax.”

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Sarah Frier, Bloomberg Managing Editor for Technology Coverage, discusses Anthropic, OpenAI, and other AI bosses promising measures to rein in the pursuit of cutting-edge AI models to better understand the risks posed by the technology following a series of security breaches. The two companies' calls to slow down AI development may be resisted by forces in the tech industry, financial markets, and the Trump administration, which has staked its economic agenda on aggressive AI advancement.

-Isabelle Freidheim, Founder and Managing Partner of Athena Capital, discusses artificial intelligence and her outlook for IPOs. She talks about investment opportunities in AI and comments on AI developers calling for an industrywide slowdown in AI development.

-Jody Lurie, Bloomberg Intelligence Credit Analyst, discusses the latest in cruise ship and theme parks. According to Bloomberg Intelligence: Royal Caribbean's $6.9 billion of liquidity at the end of 2Q plus advanced bookings may be sufficient for river cruise and island expansion plans now that company-adjusted leverage is below 3x.
Separately, BI says Six Flags and United Parks' 2026 attendance volumes may decline, according to ALTD <GO> Placer.ai data, despite relatively resilient demand for theme park visits.

-Tom Maloney, Bloomberg Wealth Team Editor, discusses the Bloomberg Big Take story: “Magic Johnson's Insurance Ties Drawn Into Mark Walter Scrutiny.” Mark Walter pioneered how insurance companies invest policyholders' payments. His dealmaking spawned an empire that included some of the world's most famous sports franchises. But now, that empire is under scrutiny.

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Doing business with compassion changes what's possible. In this episode of Stewards of Compassion, we learn how compassionate business practices paved the way for B.Grimm's entry in to South Korea and the United States. 

https://sponsored.bloomberg.com/media/bgrimm/the-stewards-of-compassion-podcast

This episode is sponsored by B.GRIMM.

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Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom. Today's guests: Centerview Partners Senior Counselor, Council on Foreign Relations President Emeritus, and Former Advisor to Colin Powell & President H.W. Bush Richard Haass and Morgan Stanley Wealth Management Chief Economic Strategist Ellen Zentner.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- Anurag Rana, Senior Tech Analyst for Bloomberg Intelligence, recaps Oracle, and Adobe's earnings as well as the latest news from Microsoft. Microsoft plans to more than triple its data center capacity to help overcome a computing shortage that has forced it to turn away some AI and cloud business. The company's data center capacity will have more than 38 gigawatts of capacity in 2032, up from about 12 gigawatts now, according to people familiar with the plans.
- Amanda Gordon, Bloomberg Wealth Reporter discusses the changes in downtown Manhattan after 9/11. Lower Manhattan has evolved from a business district that largely emptied out after work into a hub for housing, culture and nightlife, with the population more than doubling since 9/11. The area has added almost 25,000 residential units since 9/11, and its workforce has diversified, with financial services now representing 25% of downtown's occupied space.
- Jonathan Schanzer, Executive Director at Foundation for Defense of Democracies, discusses the 25 year anniversary of 9/11 attacks. A quarter-century after the Sept. 11, 2001, terror attacks, families returned to the World Trade Center site on Friday to read aloud the names of the dead, marking a milestone anniversary of a tragedy that reshaped America.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Emily Cohn, Bloomberg Consumer Team Leader, recaps Macy’s earnings. Macy’s Inc. tumbled after the company’s third quarter guidance left investors unimpressed, overshadowing a strong quarterly performance and increase in outlook. The company’s bottom end of comparable sales and sales guidance is below analysts estimates but the top line is ahead. Macy’s adjusted diluted earnings per share guidance is also below estimates.

-Anurag Rana, Senior Tech Analyst for Bloomberg Intelligence, recaps Apple’s iPhone launch. Apple Inc. unveiled the iPhone Duo, the company's first foldable smartphone, which will improve on rivals' foldable models. The iPhone Duo has a 7.6-inch screen, an outer 5.4-inch screen, and will be able to work with the iPad's Apple Pencil stylus, with a cost starting at $1,999. The device will be available for preorder on Oct. 16 in more than 70 countries and regions, ahead of its release on Oct. 23, and will sit at the top of Apple's iPhone lineup.

-Payam Zamani, Founder & CEO of One Planet Group, and Author of Crossing the Desert, discusses how purpose is changing capitalism. Payam Coined the term "spiritual capitalism" - the thesis that companies perform better long-term when built around purpose and dignity rather than treating people as economic assets.

-Tyler Reddick, 23XI Racing Driver, discusses the future of racing. Reddick is the first driver since Dale Earnhardt in 1987 – and fourth all-time – to win five of the first nine races of a season in NASCAR’s top division. He won the Goodyear 400 at Darlington Raceway after a day filled with obstacles, becoming the third in NASCAR Cup Series history to win four of the first six races of the season.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Diana Rosero Pena, Bloomberg Intelligence Consumer Staples Analyst, discusses Chewy earnings and Bloomberg Intelligence’s outlook for pets. Chewy Inc. executives expect consumer spending to remain pressured through the end of the year, with no "meaningful consumer recovery" expected. Chewy narrowed its full-year sales and profitability outlook, expecting net sales between $13.46 billion and $13.57 billion and an adjusted Ebitda margin of 6.7% to 6.8%.

-Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, discusses earnings from Jersey Mike’s. According to Bloomberg Intelligence: Jersey Mike's can exceed its 2H same-store sales guidance of 3-4% growth as greater marketing spending, increased digital advertising, more loyalty members and the return of Mike's Hot Italian Sub boost transactions. Management said that comparable sales are up more than 3% quarter to date. We expect greater ad spending in late 3Q and 4Q, and more placements inside NFL games to boost results.

-Randall Williams, Bloomberg Senior Reporter, discusses top business stories. The NFL season kicks off on Wednesday night, with a new international game scheduled for Thursday, and the league has ambitions to add more games and international matchups. LIV Golf filed for bankruptcy protection and Saudi Arabia’s Public Investment Fund has agreed to provide $49.6 million in debtor-in-possession financing.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses GE Aerospace agreeing to buy castings manufacturer Consolidated Precision Products from Warburg Pincus and Berkshire Partners for $11.75 billion. The deal will significantly expand the jet-engine manufacturer’s capacity for critical components and is expected to close in the second half of 2027. GE Aerospace aims to boost capacity to help fulfill surging demand for new jet engines and spare parts needed by airlines and components for the defense industry.

- Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, discusses top tech stories. Anthropic PBC has decided against acquiring artificial intelligence startup Decart AI, people familiar with the matter said. Separately, Qualcomm Inc. said it signed up Amazon.com Inc. as a data center chip customer in a deal that will span "multiple generations" and gives Amazon the right to acquire as much as $4 billion in shares.

-Derek Mogull, Bloomberg Intelligence Technology Analyst, discusses his research: “AI Storage Model Shows 5x Spending Growth by 2030.” According to Bloomberg Intelligence: AI is set to expand storage spending almost 5x by 2030, with data-center revenue rising about 8x and inference driving roughly 85% of incremental data-center NAND flash bit growth. This marks a structural break from storage's mature, cyclical past: AI lifts bit growth into the mid-20s, raises value per bit and reinforces the storage hierarchy, most directly benefiting Seagate, Western Digital, SanDisk, Kioxia and Everpure.

-Hema Parmer, Bloomberg Hedge Fund Reporter, discusses the Bloomberg Big Take story: “Milennium Nears $100 Billion in New Era for Giant Hedge Funds.” Millennium Management's assets have hit $97 billion, more than double what the firm oversaw six years ago, and is speeding toward $100 billion. The firm's founder, Izzy Englander, is ramping up an unusual model of seeding dozens of smaller would-be rivals to give his firm more capacity to take on investor cash, with $22 billion of new commitments set to close on Oct. 1.

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Bloomberg Money is a new, weekly podcast focused on YOUR money. Listen for wealth strategies, retirement tips and a personal finance insights. Join Tom Keene and Scarlet Fu for new episodes every Friday.   

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Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom. Today's guests: The Points Guy Founder Brian Kelly and Telsey Advisory Group CEO & Chief Research Officer Dana Telsey.

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Bloomberg Intelligence hosted by Nathan Hager and Caroline Hepker

-Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses Anthropic being set to finalize an expansion of its revolving credit facility to $15 billion, according to people familiar with the matter, before the artificial intelligence firm’s public filing for its highly anticipated IPO. Morgan Stanley is leading the process, with Goldman Sachs Group Inc. and JPMorgan Chase & Co. also having prominent roles on the facility, along with Citigroup Inc.

-Anurag Rana, Senior Tech Analyst for Bloomberg Intelligence, discusses leadership changes at Adobe. Adobe Inc. named Anil Chakravarthy as its next chief executive officer, with Chakravarthy moving into the post on Dec. CEO Shantanu Narayen will become executive chair, and David Wadhwani, who ran Adobe’s creative business, will leave the company. The selection of Chakravarthy comes as Adobe faces increasing questions about whether it will be toppled from its post in the age of AI, with generative AI making it easier to produce visual media without Adobe’s expensive products.

-Poonam Goyal, Senior U.S. E-Commerce and Retail Analyst at Bloomberg Intelligence, discusses Lululemon earnings. Lululemon Athletica Inc. lowered its full-year outlook for a second straight quarter, with sales now projected to be in a range of $10.35 billion to $10.5 billion. The company reported its first decline in comparable sales since the pandemic and trimmed its outlook for earnings per share, with shares of Lululemon tumbling 19.5% in New York.

-Craig Trudell, Bloomberg Managing Editor of Global Business Coverage, discusses the latest at Volkswagen. Volkswagen AG's supervisory board backed a restructuring that calls for 50,000 additional job cuts and a smaller industrial footprint. The measures approved include slimming the vehicle lineup by as much as half by 2035 and tightening investment, with €135 billion of capital expenditure and research and development spending over 2027 through 2031.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Matthew Bloxham, Bloomberg Intelligence Senior and Tech Analyst, discusses top tech stories. Broadcom Inc. shares declined after a two-year forecast for AI chip sales failed to impress investors, a sign it’s still in the early stages of challenging Nvidia Corp.’
Snowflake Inc. shares jumped after the company raised its outlook for annual sales and touted rapid adoption of its AI-assisted coding tool.
Nvidia has agreed to acquire Hugging Face for $12.93 billion, according to a statement on its website.

-Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst, discusses earnings from Hewlett Packard Enterprise. Hewlett Packard Enterprise Co. suffered its worst stock decline in 17 months after sales growth failed to meet investors' expectations. Chief Executive Officer Antonio Neri said supply constraints continue to affect the company's ability to fulfill increased customer demand. HPE boosted its revenue outlook for the current fiscal year and next, with revenue expected to jump 34% to 37% in the year ending in October.

-Diana Rosero Pena, Bloomberg Intelligence Consumer Staples Analyst, discusses earnings from Campbell’s company. Campbell’s Co. shares fell after the company posted its fourth straight quarterly sales decline and cut its dividend. The company unveiled a cost-savings plan that calls for $500 million in savings by fiscal 2030 to preserve margins dented by rising supply chain and tariff costs. Campbell’s expects sales to fall between 2% and 4% in fiscal 2027 and earnings per share to slide between 17% and 24% this fiscal year.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

 - Kevin Crowley, Bloomberg Senior Oil Reporter, discusses Chevron planning to invest $7 billion over the next five years to more than double crude production in Venezuela through its joint venture partnerships. The company won the right to develop two giant oil fields in the Carabobo area of the Orinoco Belt, which are located next to Chevron’s Petroindependencia joint venture.

-Lee Klaskow, Bloomberg Intelligence Senior Transport, Logistics and Shipping Analyst, discusses the impact of oil prices and geopolitics on the transportation industry.

-Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, discusses Uber job cuts and Nvidia. Uber Technologies Inc. is cutting about 3,300 roles, or 10% of its staff globally, in a restructuring aimed at reducing management layers and reallocating spending into its ride-sharing, delivery and robotaxi businesses. Separately, Nvidia Corp. is in advanced talks to acquire artificial intelligence startup Hugging Face in a transaction that may total about $14 billion, according to people familiar with the matter. 

-Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst, recaps Dell earnings. Dell Technologies Inc. shares jumped after the company boosted its annual sales forecast by $25 billion due to surging demand for servers to run artificial intelligence tasks. Revenue in the fiscal year ending in January 2027 will be about $192 billion, including $74 billion from the sale of AI servers, which is up from an outlook in May of about $167 billion. The AI server forecast represents a threefold increase over the prior year, and the company has booked more than $130 billion in AI server orders over the past 12 months.

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Bloomberg Intelligence hosted by Scarlet Fu & Stacey Vanek Smith

- Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech, discusses John Ternus taking the reins as Apple CEO on September 1st. John Ternus won’t have much time before the company begins its annual fall product rollouts. This year the lineup will include an unusually ambitious slate of devices he’s been teasing for months internally, including the first foldable iPhone and a smart display that can recognize who’s speaking and tailor content to them. Former CEO Tim Cook told employees he will miss the role of chief executive officer but has "enormous comfort" in the leadership of his replacement, John Ternus.

-Ed Ludlow, Bloomberg Tech Anchor, discusses Anthropic agreeing to a $35 billion computing deal with Lambda, a cloud provider backed by Nvidia Corp. The deal is part of an effort to quickly expand Anthropic's AI capacity, and involves a Texas data center being developed by Hut 8. He also talks about John Ternus taking the reins as Apple CEO on September 1st.  

-Matt Henriksson, Bloomberg Intelligence Senior Medtech Analyst, discusses Medtronic earnings. According to Bloomberg Intelligence: Medtronic beating estimates and raising guidance point to expanding market share in its cardiovascular franchise, which should aid the company's pivot to its robotic strategy. Medtronic raised its outlook for organic sales growth to 7.25-7.75% from 6.75-7.25%, thanks to a 88% gain in fiscal 1Q for Cardiac Ablation Solutions, which houses pulsed field ablation tech, and an increase in the low-20% range for the Micra leadless pacemaker.

-Gautam Mukunda, Lecturer at Yale School of Management and Bloomberg Opinion contributor, discusses his column: “Big Tech Is Incapable of Solving Its Own Problem.” Bill Gates published an essay saying he would slow the development of artificial intelligence if he could, and elaborated that people who understand AI are "very worried" but few are raising issues in public. A bipartisan coalition of attorneys general announced a proposed settlement with Meta Platforms Inc. that obligates the company to put restrictions on how children use its platforms, including a two-hour default daily limit and a block from midnight to 6 a.m. The tech industry's lack of self-regulation and prioritization of profit over safety has led to public opposition, with many Americans saying they don't trust AI leaders and opposing data center construction.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, discusses Nvidia investing $3.5 billion in MediaTek to deepen collaboration with the Taiwanese chipmaker. The investment will see MediaTek using Nvidia's NVLink Fusion and NVHBM technology to help components communicate more seamlessly in data centers. The agreement is part of Nvidia's effort to ensure the future of artificial intelligence is built around its hardware platform and standards.

-Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses Anthropic’s future IPO. Anthropic PBC’s IPO is expected to raise as much as SpaceX’s record $86.2 billion debut and is casting a long shadow over companies’ US listing plans. Some firms are finding it hard to get the attention of investors with the prospect of an Anthropic IPO imminent, and companies may decide to list before or after Anthropic to avoid competition.

-Michelle Cortez, Bloomberg Senior Editor for Global Business, discusses Eli Lilly plans to buy Merida Biosciences for as much as $2.88 billion in cash to expand in autoimmune and allergic diseases. Merida is developing products that target auto-antibodies tied to diseases, including MER511, which is in early testing for Graves’ disease and thyroid eye disease. The deal is part of Lilly’s strategy to invest in technologies that can transform the treatment of diseases beyond obesity, with the company having announced more than $20 billion in deals so far in 2026.

- Matthew Palazola, Bloomberg Intelligence, Senior Analyst, P&C Insurance, discusses KKR being set to reap a $3.3 billion windfall from its deal to sell USI Insurance Services to Aon Plc for $17 billion. The transaction will generate about $2 billion of adjusted net income for the private equity giant, according to a statement. The sale is expected to generate a 3.4 times return on KKR’s balance-sheet capital invested, and will help expand Aon’s middle-market business.

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Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom. Today's guests: Kenneth Rogoff, Harvard Professor of Economics, and Nela Richardson, ADP Chief Economist & ESG Officer.

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Bloomberg Intelligence hosted by Paul Sweeney and Judy Lagrou

*Guest reaction to Fed Chair Kevin Warsh’s speech from Jackson Hole*
Guests: Tom Orlik, Chief Economist for Bloomberg Economics & Tom Keene, Bloomberg Surveillance Co-Anchor
-Federal Reserve Chairman Kevin Warsh warned inflation isn’t meaningfully slowing and said policymakers must be confident that it is, otherwise the central bank has “work to do.”
Warsh reiterated that policymakers will return inflation to their 2% goal, which he said is a firm and fixed target, and that financial conditions are not currently restrictive.
Warsh said interest rates are the Fed’s “predominant tool” for achieving its mandate, but stopped short of signaling he would support an interest-rate hike when Fed officials gather in September.

Also on this podcast:
Nic Querolo, Bloomberg Municipal Finance Reporter, discusses the latest on the munis bond market.
Investors in the high-yield municipal bond market are being picky and have shied away from some recent offerings, such as one from QCF/I, Inc.
Higher absolute yields and tighter spreads between investment grade and riskier debt have given bond buyers fewer reasons to consider deals further down the credit spectrum.
High-yield defaults have been in line with historical levels this year, with 33 first-time defaults totaling $2.81 billion, according to Municipal Market Analytics.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Anurag Rana, Senior Tech Analyst for Bloomberg Intelligence, recaps Salesforce earnings. Salesforce Inc. jumped after the software company gave an outlook for strong revenue expansion and deepened its partnership with Anthropic PBC. Sales will be about $11.5 billion in the fiscal third quarter, and current remaining performance obligations will increase about 14%.

-Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst, recaps Nvidia earnings. Nvidia Corp. said revenue will grow about 70% next fiscal year, outstripping analysts’ estimates for a 45% jump. The company's Chief Financial Officer Colette Kress said Nvidia would grow faster if it had access to more supplies, and that customers' forecasts point to the company's growth doubling next year.

-Matthew Schettenhelm, Bloomberg Intelligence Media Litigation Analyst, discusses the latest on Meta. Meta Platforms Inc.'s changes to Instagram and Facebook will apply only to US users for now, and include limits to how long younger users can spend on the apps and restrictions on switching off safety settings.  The changes are part of a series of landmark settlements to resolve claims that the social media networks are a safety risk to children, and will cost the company as much as $18 billion.

-Redd Brown, Bloomberg Consumer Reporter, discusses earnings from Dollar Tree and Dollar General. Dollar Tree Inc. mostly met Wall Street expectations last quarter and left its sales growth outlook for the year unchanged. Dollar General Corp. lifted its view for annual revenue after a quarterly sales beat, with comparable sales growth of 3.5% in the second quarter.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Matthew Schettenhelm, Bloomberg Intelligence Media Litigation Analyst, discusses breaking news on Meta. Meta Platforms Inc. agreed to pay up to $18 billion in landmark settlements to resolve allegations that the company deliberately designed Facebook and Instagram to encourage compulsive use among young users. The agreement requires Meta to put new guardrails on its platforms, including restricting how much time youths can scroll and preventing them from switching off certain safety settings without parental consent. The settlement includes payments to resolve a variety of claims across multiple lawsuits, with some payments contingent upon other social media companies adopting similar platform changes and making their own payouts.

-Mary Ross Gilbert, Bloomberg Intelligence, Senior Equity Analyst, Covering Retail, discusses earnings from Kohl’s and Abercrombie & Fitch. Kohl’s turnaround attempt showed some progress after the retailer raised its annual earnings outlook, but it still doesn’t see sales growth this year. Abercrombie & Fitch namesake brand is expected to post net sales growth of 4.7% in the second quarter, a reversal from a 5.3% decline in the same period a year earlier.

-Lindsay Dutch, Bloomberg Intelligence Consumer Hardlines Senior Analyst, discusses earnings from Bath & Body Works and Williams-Sonoma. Bath & Body Works shares fell after the company forecast year-over-year net sales declines for the third quarter. Williams-Sonoma shares drop as much as 5.7%, the most intraday since February 23, even after the home furnishing retailer reported a beat-and-raise quarter. 

-- Diana Rosero Pena, Bloomberg Intelligence Consumer Staples Analyst, discusses earnings from J M Smucker. JM Smucker Co. raised its full-year outlook for sales and profit, bolstered by growth in its Uncrustables sandwiches and coffee brands. Smucker is riding the growth of its hit products to offset broader weakness in the packaged-food segment as consumers become increasingly selective in their spending.

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Bloomberg Intelligence hosted by Scarlet Fu and John Tucker

-Lindsay Dutch, Bloomberg Intelligence Consumer Hardlines Senior Analyst, discusses earnings from Dick’s Sporting Goods. Dick’s Sporting Goods Inc. sank the most on record after the Foot Locker chain it acquired last year continued to struggle, raising doubts about the broader sneaker market. The company now expects net sales to be in a range of $21.9 billion to $22.2 billion in the current fiscal year, down from its previous forecast, driven by a drop in sales at Foot Locker.

-Sid Philip, Bloomberg Chief Correspondent for Global Aviation, discusses United Airlines expanding its long-haul network. United Airlines Holdings Inc. will add destinations in Europe and Asia to its network next year, using Airbus SE's new long-range narrow-body planes. The carrier will fly the A321XLR planes from its Newark hub to locations including Luxembourg and Marseille, and from San Francisco to Okinawa, Japan.

-Erin Hudson, Bloomberg Municipal Bond Reporter, discusses how private schools in the US are increasing financial aid and advertising discounts to attract students, as soaring tuition and a declining population of school-age children intensify competition. Some schools, such as Brearley and Deerfield Academy, are offering free tuition to families earning under certain income thresholds, and using sliding scales to determine tuition for higher-earning families.

-Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses IPOs. Fresh signs of European stock exchanges losing out to the US in attracting key IPOs have emerged this week, despite bourses and governments intensifying their efforts to win and retain listings. More money has been raised in the US so far this year in IPOs by sizeable European companies than on their home exchanges, according to data compiled by Bloomberg.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Ed Ludlow, Bloomberg Tech Anchor, discusses top tech stories. Alibaba Group Holding Ltd. raised HK$80 billion in Hong Kong’s biggest follow-on offering to take the lead in global artificial intelligence. SoftBank Group Corp. plans a record ¥1 trillion retail bond sale to raise funds for its investment commitments to OpenAI. Tesla Inc. and at least eight other automakers are recalling millions of cars in China over safety concerns with their door handles, which have led to vehicle entrapment and multiple fatalities.

-Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst, discusses the PC market. According to Bloomberg Intelligence: Dell, Lenovo and Apple's supply-chain scale and product breadth position them to defend or gain share in a sustained PC downturn.

-Beth Kowitt, Bloomberg Opinion Columnist, discusses her column: “LinkedIn Users are Rewriting the Past to Land Jobs.” Researchers at Stanford University and Revelio Labs found that nearly 20% of established US LinkedIn users edited the descriptions or titles of jobs they had left years earlier, with tech workers doing so at a rate of nearly one in three. These changes, dubbed "time travel," aren't made while memories are still fresh, but instead reflect a change in personal branding, with the median time-travel edit occurring more than four years after the user left the role.

-Paige Smith, Bloomberg Consumer Finance Reporter, discusses the Bloomberg Big Take story: “Trump’s Family Joins the Sprint to Get a National Bank Charter.” Donald Trump's family has won preliminary approval to start a national bank, riding a wave of deregulation under the Trump administration. The Office of the Comptroller of the Currency has approved 22 bank charter applications in the first 19 months of the president's second term, with many going to fintech and digital-asset firms.

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Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom.

This week's guests include:

Rebecca Patterson, Senior Fellow at the Council on Foreign Relations

Kevin Gordon, Head of Macro Research & Strategy at Schwab Center for Financial Research

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Bloomberg Intelligence hosted by Scarlet Fu and Ira Jersey

- Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, discusses top tech stories. Broadcom is in talks with lenders to raise more than $60 billion in debt for an AI chip financing deal that will benefit Anthropic PBC and other companies. The financing may include a roughly $30 billion junior debt tranche and a senior-secured tranche that could range from about $60 billion to $70 billion. Mandeep looks ahead to Nvidia earnings.

-Anthony Hughes, Bloomberg US Equity Capital Markets Reporter, discusses Anthropic’s upcoming IPO. Anthropic PBC expects to match or beat the size of SpaceX’s record-setting initial public offering, according to people familiar with the matter. The company is running the numbers as it prepares to file publicly for its potential mega-IPO as soon as the end of this month, with discussions ongoing and details subject to change.

- Poonam Goyal, Senior U.S. E-Commerce and Retail Analyst at Bloomberg Intelligence, discusses broader consumer reads. Walmart Inc.’s quarterly sales fell short of expectations, with sales at US stores open at least a year, excluding fuel, rising 2.6% in the second quarter. Target Corp. lifted its full-year guidance after results outpaced estimates in the latest quarter, suggesting the big-box retailer may be moving past a lengthy sales slump.

-Randall Williams, Bloomberg Business of Sports Reporter, discusses top business sports stories. Short interest in the Atlanta Braves' class C stock has tripled over the last 12 months to as high as 6.8% of shares that are available to be traded.  The Atlanta Falcons are in discussions to sell a 10% stake in the National Football League franchise to KKR & Co.’s Arctos Partners, according to people familiar with the matter. 

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Redd Brown, Bloomberg Consumer Reporter, discusses Walmart earnings. Walmart Inc.’s quarterly sales fell short of expectations, with sales at US stores open at least a year, excluding fuel, rising 2.6% in the second quarter. The company's pharmacy business was hindered by federal negotiations that led to lower drug prices, and shoppers spent less per trip during the quarter. Despite difficulties, Walmart raised its full-year guidance for sales and adjusted operating income, and the company's e-commerce sales rose, with executives saying they will continue to lower prices.

-Christopher Ciolino, Bloomberg Intelligence Senior US Machinery Analyst, recaps Deere earnings. Deere & Co. shares jumped after the company said it's seeing a boost in orders for its machinery, raising hopes that the agriculture sector is poised for recovery. The company raised the lower end of its annual profit forecast, citing improvement in early-order program trends, inventories for used equipment, and adoption of its advanced technologies.

-Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, discusses the latest on Meta. Meta Platforms Inc. is spending hundreds of millions of dollars a year to access artificial intelligence models through Microsoft’s Azure cloud service. Separately, Meta Platforms Inc. is being sued by a bipartisan coalition of states on allegations of deceiving the public and designing its social media platforms to encourage compulsive use among young users.

-Adam Minter, Bloomberg Opinion Columnist, discusses his Opinion column: “Walter Is and Owner Leagues Want. Here’s the Catch.” Mark Walter is selling the Los Angeles Lakers at a $12.5 billion valuation less than a year after taking control of the team. Walter's handling of the Lakers and the Los Angeles Dodgers captures the dilemma of owners who are investors, prioritizing returns over long-term stewardship of a franchise. The influx of institutional money into sports has made investors like Walter valuable, but it also creates risks, including leadership transitions and financial pressures that can impact a team's stability.

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Bloomberg Intelligence hosted by Paul Sweeney and Judy Lagrou

- Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals Analyst, discusses the latest in the biotech sector. A personalized vaccine developed by Moderna Inc. and Merck & Co. reduced the recurrence of melanoma in a large, late-stage trial, raising expectations for treating the deadliest form of skin cancer. The trial met its main goal as the vaccine, combined with Merck’s immune drug Keytruda, prevented the cancer’s return after it was surgically removed more often than the immunotherapy alone.

-Deborah Aitken, Bloomberg Intelligence Luxury Goods Analyst, discusses Estee Lauder earnings. Estée Lauder Cos. shares jumped after its results beat estimates and ended a run of three straight declines in annual revenue. The company reported revenue of $3.6 billion in its fiscal fourth quarter and adjusted earnings per share of $0.39, which topped expectations.

-Craig Trudell, Bloomberg Managing Editor of Global Business Coverage, discusses Target earnings. Target Corp. lifted its full-year guidance after results outpaced estimates in the latest quarter, suggesting the big-box retailer may be moving past a lengthy sales slump. The company now expects net sales to increase about 5% in the current fiscal year and raised its adjusted earnings target after second-quarter sales surpassed analyst estimates.

-Lindsay Dutch, Bloomberg Intelligence Consumer Hardlines Senior Analyst, discusses Lowe’s earnings. Lowe’s Cos. cut its outlook for the full year after posting results that missed Wall Street estimates, showing how a stubbornly weak housing market is eroding the home-improvement retailer’s performance.  The company now expects comparable sales to be flat this fiscal year, after previously forecasting as much as 2% growth. Comparable sales, which measure results at locations open at least a year, grew 0.2% in the second quarter, missing the average of estimates compiled by Bloomberg. 

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-David Kirkpatrick, Founder of Techonomy, discusses the Meta youth social media addiction trial. Meta Platforms Inc. is facing a jury trial in federal court over claims that it deliberately designed Facebook and Instagram to encourage compulsive use among young users. The top legal officers of 29 states are seeking financial penalties and court orders that could force Meta to change how it operates its platforms, alleging violations of state consumer protection and federal privacy laws.

-Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, discusses top tech stories. Anthropic PBC is on track to generate annualized revenue of more than $65 billion based on its current performance, up more than sevenfold from its pace at the end of last year.

-- Lindsay Dutch, Bloomberg Intelligence Consumer Hardlines Senior Analyst, discusses Home Depot earnings. Home Depot Inc.’s results beat estimates in the latest quarter, a sign that spending on improvement projects is holding up despite high borrowing and housing costs. The company’s strategy, which includes expanding its business serving professional contractors and building out its e-commerce offerings, has helped to blunt the impact of a housing market weighed down by high home prices and interest rates.

-Tim Craighead, Bloomberg Intelligence Global Chief Content Officer, discusses ten companies to watch in the APAC region. Bloomberg Intelligence analysts have identified the most interesting names from their group of high-confidence Focus Ideas. Spanning sectors and regions, each scenario outlines a catalyst in the next few months that supports BI’s case.

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Bloomberg Intelligence hosted by Paul Sweeney and Stacey Vanek Smith

-Yiqin Shen, Bloomberg Equities Reporter, discusses 13F filings. Investment firms for ultra-wealthy individuals have built up billions of dollars of exposure to SpaceX, highlighting their ability to muscle in on sought-after business opportunities. More than a dozen family offices held a total of at least $3.8 billion in SpaceX through the first half of 2026, according to US filings.

-Ed Ludlow, Bloomberg Tech Anchor, discusses top tech stories. Alphabet Inc. is looking to raise about A$5 billion in its debut bond offering in Australia, as US tech firms raise debt to fuel AI spending.
Separately, AI-linked stocks rose after Anthropic PBC told prospective investors that its preliminary second quarter revenue was $11.5 billion, an at least 14-fold increase versus the same period a year ago.

-Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals Analyst, discusses the latest in the biotech sector. AstraZeneca Plc is stopping a clinical trial of the experimental drug volrustomig as it didn’t look set to help fight lung cancer better than existing therapies. The company had two separate late-stage trial successes that strengthen key cancer franchises, including one where patients with non-small cell lung cancer received Tagrisso in combination with Orpathys.

-Sridhar Natarajan, Bloomberg News Chief Wall Street Correspondent, discusses the Bloomberg Big Take story: “Big Take: ‘I Hate Losing’: Walter Rushes Makeover as DOJ Probes His Empire.” Description: The CEO of Guggenheim Partners and owner of the LA Dodgers flipped the Lakers within a year and has explored other steps to pay down loans from his insurers.

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This week's guests include:

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Matthew Bloxham, Bloomberg Intelligence Senior and Tech Analyst, discusses top tech stories. OpenAI is on track to generate annualized revenue of more than $40 billion based on its current performance, roughly doubling its run rate from the end of 2025. The company's revenue has accelerated in recent months, driven in part by the growth of its AI coding software, subscription sales, and its nascent advertising business.

-Anurag Rana, Senior Tech Analyst for Bloomberg Intelligence, discusses the potential for a Workday buyout. According to Bloomberg Intelligence: A Workday buyout would signal that AI fears have pushed valuations too low for mission-critical software vendors, potentially setting up a broader sector rerating. Workday's entrenched role as a system of record for enterprises supports our stance that its AI disruption risk is limited.

-Gautam Mukunda, Lecturer at Yale School of Management and Bloomberg Opinion contributor, discusses his column: “Big Business Bought Influence. The Bill Is Due.”  A poll found that contributing to the president's new White House ballroom was seen as the most damaging thing a company could do, with a net negative of 37 points. The administration has shown it is willing to inflict damage on companies that fail to bend to its wishes, and the public is watching how companies respond to its requests for donations. Companies that try to stay out of politics by quietly donating to the administration may find that this strategy ultimately hurts them, as the record of their donations will be public and can be used against them in the future.

-Anna Edney, Bloomberg National Health Care Reporter, discusses the Bloomberg Big Take story: “Pet Owners Are Giving Cats and Digs Anti-Aging Drugs.” Pet owners are spending money on experimental treatments they believe will help their pets live better and longer lives, including peptide injections, red-light therapy, and nutritional supplements. Some pet owners are giving their pets rapamycin, a drug that has shown promising anti-aging properties in studies with mice, despite the lack of official results on its effectiveness in dogs and cats. The pet supplement market is growing, with about 10% of pet owners purchasing senior or anti-aging supplements, and companies like Loyal Animal Health Inc. and Elanco Animal Health Inc. are working on developing new drugs to extend pets' lifespans.

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Bloomberg Intelligence hosted by Paul Sweeney and Lisa Mateo

-Ed Ludlow, Bloomberg Tech Anchor, discusses Anthropic being in talks to buy Decart AI for about $6 billion, which would be Anthropic's largest known acquisition. Decart makes software that can reduce the cost of training and operating AI by helping chips work more efficiently, and the potential acquisition is intended to help Anthropic's existing computing infrastructure absorb more demand.

-Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst, discusses Cisco Systems shares falling after the company projected $7.5 billion in AI data center sales this fiscal year, which disappointed investors. AI sales will make up about 10% of Cisco's projected total revenue of $72.2 billion to $73.4 billion in fiscal 2027, according to a company statement.

-Anurag Rana, Senior Tech Analyst for Bloomberg Intelligence, discusses his piece “Apple's Foldable iPhone Can Turn Flat Units to Fast Sales Growth.” According to Bloomberg Intelligence: “Apple's reportedly $2,000 foldable iPhone can almost triple the size of the ultra-premium segment of that market, with our scenario assuming 10-14 million units sold in the first 12 months.”

-Sarah Pinto, Head of Robinhood Ventures, discusses Robinhood Ventures Fund II IPO.  Robinhood Ventures Fund II priced IPO of 8m shares at an initial public offering price of $25/shr.

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Bloomberg Intelligence hosted by Paul Sweeney and Stacey Vanek Smith

-Anurag Rana, Senior Tech Analyst for Bloomberg Intelligence, discusses CoreWeave earnings and AI. CoreWeave surged after the AI spending frenzy spurred faster sales growth than anticipated, with sales expected to be $3.45 billion to $3.6 billion in the third quarter. The firm's backlog was $104 billion at the end of the quarter, and it inked more than $25 billion in new customer commitments after the period ended, suggesting that “AI demand remains strong”.

-Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst, discusses Super Micro Computer earnings. Super Micro Computer Inc. shares jumped after the company gave a revenue forecast for the current quarter that topped analysts’ estimates, a sign the booming artificial intelligence market continues to bolster sales of the company’s servers.

-Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, discusses restaurant earnings. Cava Group's sales rose faster than expected due to increased traffic and customers buying higher-priced proteins and extras such as pita chips.
Brinker International Inc. said it grew comparable sales of its Chili’s Grill & Bar chain, as the company continues to attract customers to the casual dining restaurants amid a broader industry slowdown.

-Jennifer Rie, Bloomberg Intelligence Senior Litigation Analyst, discusses the latest at Paramount Skydance. According to Bloomberg Intelligence: UK antitrust clearance on Aug. 6 of Paramount's Warner Bros. Discovery purchase leaves US litigation as the final obstacle to closing the $110 billion deal. With trial of a state challenge to the deal set for March 2, risks on both sides could spur settlement, though the states have reportedly resisted talks.

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Bloomberg Intelligence hosted by Paul Sweeney and Alexis Christoforous

-- Randall Williams, Bloomberg Business of Sports Reporter, discusses Apollo Global Management providing $2.6 billion of financing to the owners of the New York Yankees, consisting of debt and equity. The proceeds will be used to support the growth of the franchise and refinance existing debt, according to a statement.

-Ed Ludlow, Bloomberg Tech Anchor, discusses top tech stories. US investment giants including Apollo Global Management Inc., Blackstone Inc., BlackRock Inc. and Brookfield Asset Management are partnering with Nvidia Corp. to source $500 billion in financing for artificial intelligence infrastructure.

-Daniela Sirtori, Bloomberg Restaurant Reporter, discusses Chipotle Mexican Grill figuring out that jalapeños were the source of a salmonella outbreak and began an automated recall system to notify restaurants and destroy the tainted peppers. The company was able to identify the problematic ingredient before health agencies announced nationwide recalls, and it quickly replaced the jalapeños with batches from different growers.

-Denitsa Tsekova, Bloomberg News Cross Asset Reporter, discusses the Bloomberg Big Take story: “Big Take: AI Dominated Leveraged ETFs Are Rattling Markets.” Description: Leveraged ETFs account for 2% of assets but roughly a fifth of trading volume in the $17 trillion ETF industry. That trading is increasingly concentrated among mega-cap tech and semiconductor names, especially in leveraged ETFs that tracks a single stock. More than 650 such products now exist globally, nearly triple the number at the start of 2025. They have become significant enough that institutional investors now try to time flows around their rebalances and, in some cases, front-run the trades.

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Bloomberg Intelligence hosted by Paul Sweeney and Stacey Vanek Smith

-- Matthew Bloxham, Bloomberg Intelligence Senior and Tech Analyst, discusses top tech stories. Intel Corp. plans to offer $15 billion worth of new stock in its first public share sale since 1971 to extend its comeback and capitalize on the AI boom. Separately, Meta Platforms Inc. introduced a new downloadable AI model called Muse Glimmer that can run on a personal computer.

-Anurag Rana, Senior Tech Analyst for Bloomberg Intelligence, discusses top tech stories. Microsoft is planning to “significantly” increase production of its internally designed next-generation AI chips next year, The Information reports, citing people familiar with the matter. Microsoft plans to unveil its new Maia 300 chip this fall, potentially as soon as next month. Separately, Apple was downgraded to an underperform rating at Jefferies due to concerns about the outlook for the company's iPhone.

-Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses the latest at GameStop and the IPO market.
GameStop Corp. is considering withdrawing its $56 billion bid for eBay Inc. and may propose a partnership or joint venture instead.
Switch Inc. filed confidentially for a US IPO, joining its data center peers in tapping demand for exposure to the artificial intelligence theme.
Formlabs, a maker of 3D printers, is in early talks with potential advisers for an initial public offering, according to people familiar with the matter.

-Matthew Palazola, Bloomberg Intelligence, Senior Analyst, P&C Insurance, discusses Berkshire Hathaway earnings. Berkshire Hathaway Inc. spent about $4.5 billion to buy back its own shares in the second quarter and purchased nearly $20 billion of equities in the period. Operating earnings climbed 16% in the three months through June to nearly $13 billion, driven in part by gains in the conglomerate’s manufacturing, service and retailing division, as well as at its utilities business.

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This week's guests include:

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Bloomberg Intelligence hosted by Scarlet Fu, Stacey Vanek Smith, and John Tucker 

-Poonam Goyal, Senior U.S. E-Commerce and Retail Analyst at Bloomberg Intelligence, discusses Under Armour forecasting a sharper revenue decline than previously expected as demand softens in several key regions. The athletic retailer now expects sales to fall by a mid-single digit percentage rate for the year.

- Matthew Schettenhelm, Bloomberg Intelligence Media Litigation Analyst, discusses The Federal Communications Commission voting to repeal a nationwide audience cap that limited the number of TV-viewing households a single broadcaster could reach. FCC Chairman Brendan Carr argued that the rule relaxation is necessary to help broadcasters stay competitive and promote local news coverage.

-Nathan Naidu, Bloomberg Intelligence Technology Research Analyst, discusses Take-Two earnings. According to Bloomberg Intelligence: Take-Two's fiscal 2Q bookings guidance is 7-10% below consensus as Zynga softness persists, while Grand Theft Auto VI's Nov. 19 launch means revenue is back-loaded in 2H.

-Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, recaps earnings from Wendy’s and Sweetgreens. The Wendy’s Co. withdrew its 2026 outlook and cut its dividend as its new chief executive devises a recovery plan for the beleaguered brand. Sweetgreen Inc. cut its annual outlook due to reduced consumer demand for fresh prepared foods during the cyclospora outbreak.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu 

-Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, discusses earnings from Warner Bros Discovery and Fox. Warner Bros. Discovery Inc. reported a drop in sales due to the loss of National Basketball Association rights and a movie lineup that compared poorly with last year.  Fox Corp reported adjusted earnings per share for the fourth quarter that beat the average analyst estimate. In separate news: Britain's antitrust watchdog and culture minister decided against escalating scrutiny of Paramount Skydance Corp.'s takeover of Warner Bros. Discovery Inc.

-Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, discusses Alphabet’s recent departures. Alphabet Inc.'s Google is concentrating its artificial intelligence leadership at its Mountain View, California, headquarters to gain momentum in the accelerating race against Anthropic and OpenAI. Koray Kavukcuoglu has been appointed to run Google's AI research and operations, while Demis Hassabis has stepped back from day-to-day operations to become chairman of Google DeepMind and Alphabet's Chief Scientist.

-Jody Lurie, Bloomberg Intelligence Credit Analyst, discusses earnings from Hertz and Six Flags. Hertz Global Holdings Inc. beat Wall Street’s earnings estimates, a boost for the struggling rental car company following an unusual debt-raise maneuver and a warning of weakness in the used-vehicle market.  Six Flags reported net revenue for the second quarter that missed the average analyst estimate.

-Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, discusses earnings from Burger King. Burger King’s US sales surged last quarter, with comparable sales jumping 8.5% in the three months through June 30. The chain has invested in advertising, restaurant remodels, menu upgrades, and extra training since 2022 to reverse an earlier sales slump, and has launched marketing stunts and limited-time offers.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu 

-George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, recaps SpaceX earnings. SpaceX shares fell after the company disclosed higher-than-expected spending on its artificial intelligence business. The company's capital expenditures soared to $28.5 billion in the first half of the year, with the vast majority of expenditures steered toward AI.

-Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, discusses AMD earnings. Advanced Micro Devices  fell after the company gave an underwhelming sales outlook, a sign shareholders expected more of a return from the global expansion of AI data centers.

-Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, recaps Walt Disney earnings. Walt Disney's profit beat Wall Street estimates in the company's fiscal third quarter, driven by soaring income from its entertainment division and the resilience of its theme parks in California and Florida.

-Lily Meier, Bloomberg Retail Reporter, discusses her story: “Lululemon’s New CEO Has to Contend With Founder Raring to Fight.” Description: The troubled $14 billion athleisure giant has a new CEO and a seemingly fresh start. But the next battle is only beginning.

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SpaceX stock fell after the company disclosed higher-than-expected spending on its artificial intelligence business, dampening an inaugural quarterly report that broadly surpassed Wall Street forecasts.  Shares of Elon Musk’s rocket, satellite and AI conglomerate tumbled as much as 8.8% in US postmarket trading after it said capital spending jumped to about $18.4 billion in the second quarter. 

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu 

-Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, discusses top tech stories. Palantir Technologies Inc. shares jumped after the company boosted full-year revenue and income forecasts and described commercial demand for its data analytics tools as “otherworldly.” Separately, Anthropic has struck a deal for computing capacity from Volta Infra Holdings, a months-old infrastructure startup, to keep pace with demand for its products.

-Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, discusses McDonald's earnings. McDonald's named Skye Anderson as president of its US business to lead turnaround efforts after posting its slowest growth in over a year. Sales at established US restaurants rose 0.8% in the second quarter, partly offset by a decline in visits, and marketing programs didn't meet expectations.

-Christopher Ciolino, Bloomberg Intelligence Senior US Machinery Analyst, recaps Carterpillar earnings. Caterpillar reported stronger sales across its businesses and raised its sales outlook, easing concerns that demand for power-generation equipment was beginning to cool. The company's power and energy unit has grown to become its largest by sales, driven by demand for generators, engines, and gas turbines for industrial facilities and large-scale computing centers.

Sam Fazeli, Bloomberg Intelligence, Director of Research: Healthcare, Defence, Industrials & Auto, discusses the latest in the biotech sector. Pfizer raised the midpoint of its 2026 sales forecast after reporting strong second-quarter demand for older medicines, with sales for the year expected to be $60.5 billion to $62.5 billion. Merck & Co. boosted its 2026 sales outlook after strong demand for newer drugs like Winrevair helped to drive revenues higher in the second quarter. BioNTech SE lowered its revenue outlook as demand for its Covid-19 vaccine shrank more than expected.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu 

-Diksha Gera, Bloomberg Intelligence Global Fintech and Payments Analyst, discusses Visa striking a deal to buy BioCatch, which uses artificial intelligence to detect fraud, for $2.4 billion in cash. The company is purchasing BioCatch from funds advised by Permira and other shareholders, and the transaction is expected to close in the fiscal second quarter of 2027, according to a statement Monday. BioCatch works with more than 350 banking clients across the world.

-Brian Egger, Bloomberg Intelligence Senior Gaming and Lodging Analyst, discusses Marriott International Earnings. Marriott International shares declined after the company said that room growth for 2026 would likely come in at the lower end of earlier guidance, driven by construction delays in the Middle East. 

-Sam Fazeli, Bloomberg Intelligence, Director of Research: Healthcare, Defence, Industrials & Autos, discusses AstraZeneca exploring an acquisition of Bristol-Myers Squibb in a potential megadeal that would rank as the largest ever in pharma. The companies have held early-stage discussions about combining, but it’s unclear if discussions are ongoing or whether they will result in a transaction.

-Jonathan Kay, Founder & CEO at Apptopia, discusses sports betting and prediction market apps performance and competition. He also talks about Kalshi, and Demographic differences between OSB’s and Prediction markets.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu 

--Gene Munster, Managing Partner at Deepwater Asset Management, joins to discuss Apple earnings and tech. Apple Inc. tumbled after component shortages weighed on the company’s sales forecast, signaling that industrywide supply constraints are taking a bigger toll than anticipated.

-Vincent Piazza, Bloomberg Intelligence Senior Equity Research Analyst, Oil & Gas, discusses Chevron earnings. ExxonMobil and Chevron plowed profits into debt reduction rather than huge buyback increases due to caution about the duration of war-driven price rallies. The biggest US oil companies more than doubled second-quarter net income due to global energy market disruptions stemming from conflicts in the Persian Gulf and Russia.

-Randall Williams, Bloomberg Business of Sports Reporter, discusses the top business sports stories. UEFA approved a boycott of FIFA tournaments if President Gianni Infantino proceeds with his plans to sell stakes in a new commercial entity to investors. FIFA will proceed with plans to privatize its commercial business, despite threats from regional footballing organizations in Europe, Asia and North America that they could boycott the World Cup. Separately, Randall talks about his conversation with Washington Commanders President Mark Clouse.

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Apple tumbled in late trading after component shortages weighed on the company’s sales forecast, signaling that industrywide supply constraints are taking a bigger toll than anticipated. Revenue will rise 9% to 11% in the fiscal fourth quarter, which runs through September, the company said on a post-earnings conference call Thursday. Analysts had estimated growth of more than 12%.

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Amazon.com reported cloud-computing revenue that beat analyst estimates, with booming demand for artificial intelligence services accelerating sales for the fifth straight quarter. Revenue jumped 37% to $42.2 billion at Amazon Web Services, which generates about a fifth of the company’s revenue and most of its operating profit, the company said Thursday in a statement. It was the fastest pace of growth since the fourth quarter of 2021. Analysts, on average, forecast sales of $40.6 billion, according to data compiled by Bloomberg.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu 

-Randall Williams, Bloomberg Business of Sports Reporter, discusses UEFA’s 55 member nations resolving to boycott FIFA tournaments if President Gianni Infantino proceeds with plans to sell World Cup stakes to private investors. UEFA said in a statement that “The World Cup cannot be treated as an investment product,” and that no UEFA national teams will participate in any FIFA competition for so long as these proposals remain alive.

- David Kirkpatrick, Founder of Techonomy, recaps tech earnings. Meta Platforms Inc. gave a disappointing quarterly revenue forecast, stepping up pressure on Chief Executive Officer Mark Zuckerberg to allay investor concerns that the company isn’t swiftly benefiting from its massive outlay on artificial intelligence. Separately, Microsoft shares soared after the company reported the fastest cloud growth in four years, with Azure cloud revenue rising 43% during the fiscal fourth quarter.

-Shiv Verma, Robinhood Chief Financial Officer, discusses Robinhood earnings. Robinhood's July trading activity tracking near 2Q's record average supports early 3Q durability of elevated retail engagement across equities, options and prediction markets.

-Redd Brown, Bloomberg Consumer Reporter, discusses earnings from Starbucks and Chipotle. Starbucks and Chipotle Mexican Grill raised their guidance after stronger-than-expected quarters, with sales bolstered by new menu items and revamped loyalty programs.

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Listen for instant reaction and analysis of megacap tech earnings from Meta, Microsoft and Qualcomm. 

Meta Platforms gave a disappointing revenue forecast for the current quarter, intensifying investor concerns about the social media giant’s unprecedented spending on artificial intelligence and sending shares lower afterhours. Microsoft’s cloud unit grew at the fastest pace in four years, suggesting that the company’s computing infrastructure and artificial intelligence services continue to make inroads with businesses. Shares of Microsoft rose in extended trading. Qualcomm, the largest maker of smartphone processors, gave a weak profit forecast for the current quarter, signaling that component shortages and rising costs are taking a toll on its main market. The company’s stock fell afterhours. 

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu 

-Craig Trudell, Bloomberg Managing Editor of Global Business Coverage, recaps Ford earnings. Ford Motor raised its profit outlook for the second time this year as consumers continue to buy the automaker’s high-margin sport-utility vehicles. The company's quarterly earnings were better than expected, and it now expects to earn as much as $11 billion before interest and taxes this year, up from its prior forecast.

-Diksha Gera, Bloomberg Intelligence Global Fintech and Payments Analyst, recaps Visa earnings. Visa reported a fiscal third-quarter profit that beat Wall Street estimates, with adjusted net income rising 8% from a year earlier to $6.3 billion. The company will eliminate roughly 2,600 jobs, affecting about 7% of the workforce, as part of an effort to operate more efficiently and focus on its biggest opportunities for growth.

-Andrea Felsted, Bloomberg Opinion Columnist, discusses earnings from Hermes and Kering. Shares of Hermès International and Kering diverged by a record margin on Wednesday, marking a dramatic reversal in fortunes for the two luxury goods makers. Hermès shares slumped by as much as 11% to the lowest level since January 2023, after the company's Chief Financial Officer said product price hikes for 2027 would be smaller than this year.

-Poonam Goyal, Senior U.S. E-Commerce and Retail Analyst at Bloomberg Intelligence, discusses why Nike and Adidas World Cup sales can last beyond the event. According to Bloomberg Intelligence: Nike and Adidas can turn World Cup kit dominance into post-tournament soccer gains, with Adidas' €1.5 billion in event sales, topping its initial €1 billion expectation, and the Spain-Argentina final all-Adidas matchup reinforcing demand.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu 

-George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses earnings from Boeing and JetBlue. Boeing Co. generated better-than-expected cash flow in the second quarter on continued strong demand for its aircraft. JetBlue Airways Corp. shares rose 5% after it reaffirmed its full-year outlook and said it will reach positive cash flow next year, as strong demand helped offset high fuel prices tied to the Iran war.

--Thomas Black, Bloomberg Opinion Columnist, discusses UPS earnings. United Parcel Service Inc. shares fell after its outlook for volume and profit margins underwhelmed investors, with average US daily package volume expected to decline in the mid-single digits in the third quarter.

-Ken Shea, Bloomberg Intelligence Senior Consumer Products Analyst, discusses earnings from Coca Cola. Coca-Cola Co. raised its full-year outlook, bolstered by demand last quarter while it served as a major sponsor of the FIFA World Cup. The company now sees organic sales growth of 5%, and raised its forecast for earnings-per-share growth to as much as 8%.

-Diksha Gera, Bloomberg Intelligence Global Fintech and Payments Analyst, discusses earnings from PayPal. PayPal Holdings Inc. would “carefully consider” opportunities to create greater value for shareholders if they arise, Chief Executive Officer Enrique Lores said. The company's shares rose 3.6% to $58.08, giving the company a market value of $51 billion, after Lores' remarks on a conference call with analysts.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu 

- Ed Ludlow, Bloomberg Tech Anchor, discusses Nvidia working on AI deals worth more than $750 billion, including a partnership with SK Group to do more than $500 billion in business. Nvidia is in talks to backstop as much as $250 billion to help OpenAI lease computing power from a US data center project and finance $350 billion of OpenAI's purchases of its chips. Separately, CXMT Corp. surged 466% in its Shanghai trading debut to become China’s largest onshore-listed company, valued at about 3.3 trillion yuan.

- Laura Martin, Senior Analyst at Needham & Company, discusses her note about Meta’s Culture and the high costs of attracting and keeping top talent. According to Needham: looking across all 12 large cap stocks, META is ranked worst (lowest) in terms of Culture and Values by its employees, according to the most recent Glassdoor ratings.

- Shawn Donnan, Bloomberg News Senior Economics Writer, discusses the Bloomberg Big Take story: ”America’s Tin Can Industry Buckles Under Trump’s Steel Tariffs.” The price of tin cans in the US soaring offers a cautionary tale on the costs and unfulfilled promises of President Trump's tariffs.

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In this special bonus episode, Bloomberg Tech’s Ed Ludlow sits down with Nvidia President and CEO Jensen Huang for an exclusive interview. In their conversation, Huang says “this is the golden ages for Korea” after teaming up with SK Group to build more than 2 gigawatts of AI data centers on the Korean Peninsula. “Their semiconductor business is booming. Their industrial business is booming. You know, this is a country that has the ability to help the world build out the AI infrastructure.” Huang speaks to Ludlow after the CEO’s appearance at a Korean AI Summit and meeting with South Korean President Lee Jae Myung. Listen for their full conversation on Nvidia’s investment in South Korea and the latest in the AI space.

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Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom. 

Today’s guests are: Ed Yardeni, president of Yardeni Research & Tricia Scarlata, executive director and head of education savings at JP Morgan Asset Management

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Bloomberg Intelligence hosted by Scarlet Fu and Alexis Christoforous

-Ben Elliott, Bloomberg Intelligence Consumer Finance Analyst, discusses earnings from American Express. American Express Co. said second-quarter expenses surged 12% as it spent more on marketing to attract and retain premium cardholders. Chief Financial Officer Christophe Le Caillec anticipates marketing expenses to be up around 10% in the second half of 2026 from the same period a year earlier.

-Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst, discusses Intel earnings. Intel Corp.'s quarterly report beat Wall Street estimates, but a major question remains about when the company will secure outside customers for its factories. Intel has been trying to transform itself into a foundry, but major customers for that operation have yet to materialize, with a signed external foundry customer not yet arriving.

-Dan Ives, Partner and Senior Managing Director, Analyst at Yorkville Ives & Co, discusses Intel earnings and the latest in the tech space.

-Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, discusses earnings from Charter Communications. Charter Communications shares fell after the cable company reported second-quarter results that missed expectations on key metrics, including adjusted Ebitda and free cash flow.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu 

-Kevin Tynan, Director of Research at The Presidio Group, recaps Tesla earnings. Tesla  shares tumbled after disappointing quarterly results raised questions about Elon Musk’s plan to refocus the electric vehicle maker on artificial intelligence and robots. Profit fell short of Wall Street’s estimates for the period as spending on ambitious initiatives surged to $5.8 billion, resulting in Tesla’s first cash burn in two years.

-Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, recaps Alphabet earnings. Alphabet raised its capital spending forecast to a range of $195 billion to $205 billion this year, up from a previous forecast of $190 billion.  The company's quarterly cash flow was negative for the first time since going public, with negative free cash flow of $5.9 billion in the period, and its cloud revenue totaled $24.77 billion, up 82% from a year earlier.

-Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, discusses Comcast earnings. Comcast reported ongoing losses of cable-TV and broadband customers as it prepares to spin out its film and TV business. The company's media division was the clear bright spot in the second quarter, providing a plethora of must-see events that helped boost revenue by 25%.

-Madison Muller, Bloomberg News Health Reporter, discusses Eli Lilly’s obesity shot clearing another hurdle. Eli Lilly & Co.'s next-generation weight-loss shot retatrutide didn't increase overall heart risk in a new study, helping dispel concerns over its potential. The company plans to file for US Food and Drug Administration approval early next year, later than investors hoped, due to the complexity of the approval pathway.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- Kelcee Griffis, Bloomberg Telecom Reporter, discusses AT&T earnings. AT&T added 432,000 monthly wireless phone subscribers in the second quarter, better than the 325,264 that Wall Street had projected. The company reported revenue of $31.6 billion, up 2.3% from a year ago, and adjusted earnings per share of 65 cents, surpassing expectations of 59 cents.

- Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst, discusses Super Micro Computer. Super Micro Computer shares rose as much as 25% after the server maker issued preliminary results saying its backlog hit a record on new orders in the quarter of more than $60 billion.

- Ken Shea, Bloomberg Intelligence Senior Consumer Products Analyst, discusses earnings from Philip Morris. Philip Morris International shares hit a record after reporting a boost in demand for its smoke-free products. Shipments of smoke-free products rose in the second quarter, mainly driven by its IQOS heated tobacco devices, and net revenue rose on an organic basis.

- Gautam Mukunda, Lecturer at Yale School of Management and Bloomberg Opinion contributor, discusses his Opinion column: “Regulate AI like We Do the Airline Industry.” The heads of America's leading artificial intelligence companies agree that the AI frontier needs regulation due to the potential risks from biological weapons. The release of Kimi K3, an open-weight model by a Chinese company, highlights the need for regulation, as advanced AI capability is becoming widely available.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-David Welch, Bloomberg Detroit Bureau Chief, discusses GM earnings. General Motors raised its full-year profit forecast by another $500 million after beating second-quarter earnings estimates, powered by stronger margins on its largest vehicles and lower tariff costs. The company now expects its earnings before interest and taxes of as much as $16 billion this year, and Chief Executive Officer Mary Barra said she sees that positive momentum continuing into next year.

-Chris Palmeri, Bloomberg News Senior Editor and Entertainment Team Leader, discusses a federal judge temporarily pausing Paramount Skydance Corp.’s takeover of Warner Bros. Discovery Inc., saying it “likely” violates antitrust law. The judge ordered the companies to hold off on consummating the deal for 14 days and scheduled an Aug. 3 hearing on whether to extend the hold for longer. A group of states sued Paramount Skydance Corp. seeking to block its bid to buy Warner Bros. Discovery Inc., alleging the deal would leave viewers with higher prices and fewer choices for movies and television.

-Scott Rechler, CEO and Chairman at RXR, discusses the state of commercial real estate. He discusses the NYC office market, the rise of AI, NYC’s competitiveness, and how RXR is capitalizing in the NYC market and across the country.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses Moonshot AI telling investors it's preparing to list in as early as six months, seeking to tap capital markets after its latest model upended industry perceptions of China's artificial intelligence capabilities.

-Seema Shah, Vice President of Research and Insights at Sensor Tower, discusses DeepSeek preparing for a IPO. DeepSeek has begun preparations for an initial public offering and may file as soon as this year, setting the stage for what could be a landmark debut for the country’s technology industry.

-Surabhi Gupta, Chief Technology Officer of Klaviyo (NYSE: KVYO,) discusses AI. Generative AI is reshaping how companies build software and engage customers, and Klaviyo is putting that technology at the heart of its B2C CRM platform. Surabhi joins to discuss what that transformation looks like in practice.

- Lindsay Dutch, Bloomberg Intelligence Consumer Hardlines Senior Analyst, discusses Bloomberg Intelligence’s latest beauty survey. According to BI: Gen Z stands out in the June beauty survey, with signs of strengthening demand and possibly expanding baskets for the cohort in 2H, in contrast to broader survey results. These young shoppers skew to using a lot of product and favor specialty retailers Ulta Beauty and Sephora rather than the dominant mass channels, likely reflecting unique, on-trend assortments and preference to shop in-store.

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Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom.

Today's guests are: Hudson Bay Capital Senior Economic Strategist Nouriel Roubini and Goldman Sachs Chief Credit Strategist Amanda Lynam.

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Bloomberg Intelligence hosted by Scarlet Fu, Isabelle Lee, and Charlie Pellett

-Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, discusses tech. Moonshot's new Kimi K3 model rivals the strongest offerings from OpenAI and Anthropic PBC, sparking concerns about the industry's spending spree. The launch of Kimi K3 led to a decline in AI and semiconductor stocks, with Bloomberg's Asian semiconductor index sliding more than 6% and Nasdaq 100 futures falling 2%.

-Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech, discusses Apple. Apple Inc. is again the biggest company in the world after wresting the title from Nvidia Corp. Apple's stock climbed 0.4%, putting its valuation at $4.9 trillion, while Nvidia shares sank 3.7% to bring the chipmaker’s market capitalization down to $4.8 trillion.

-Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, discusses Netflix earnings. Netflix Inc. shares fell after the company forecast a second consecutive quarter of slowing sales growth, contributing to investor anxiety about the streaming giant’s future. The company projected revenue of $12.9 billion in the current quarter and earnings of 82 cents a share, both a little shy of analysts’ expectations.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Sam Fazeli, Bloomberg Intelligence, Director of Research: Healthcare, Defence, Industrials & Auto, discusses the latest in the biotech sector. Eli Lilly & Co. agreed to buy AtaiBeckley Inc. for as much as $3.8 billion, underscoring growing interest from large drugmakers in psychedelic medicine.
Separately, Merck & Co. won US regulatory approval of a pill called Lipfendra to reduce LDL cholesterol.

-Matt Henriksson, Bloomberg Intelligence Senior Equity Analyst, discusses earnings from Abbott Laboratories. Abbott Laboratories raised its 2026 profit guidance after a stronger-than-expected second quarter driven by improved performance across most of its business lines. The company now expects adjusted earnings to fall between $5.45 to $5.60 a share this year, and shares rose 14% after the announcement.

-Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, discusses Taiwan Semiconductor Manufacturing Co. raising its spending and revenue projections for the year, reflecting confidence that growth in demand for chips and data centers will extend into 2027 and beyond. Separately, Uber Technologies Inc. has agreed to buy Delivery Hero SE in a deal that values the German food-delivery company at $14.8 billion and expands the US firm’s global operations.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Neil Sipes, Bloomberg Intelligence U.S Financials Analyst, discusses earnings from Morgan Stanley and BlackRock.

Morgan Stanley's stock traders set another quarterly record, with $6.3 billion from equity trading, a 69% jump from its previous all-time high. The firm pulled in $148.1 billion in net new assets in its wealth-management business, with over half related to IPOs, and net revenue at the wealth business was $8.86 billion.

BlackRock Inc.'s revenue jumped and the firm's assets hit a record $15.3 trillion, with the company taking in $192 billion across its business in the second quarter.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Herman Chan, Senior Analyst, US Banks for Bloomberg Intelligence, recaps U.S bank earnings.

JPMorgan Chase & Co. reported its highest quarterly profit ever, with a long-held Visa Inc. stake paying off to the tune of $4.6 billion.

Goldman Sachs Group Inc. posted $7.42 billion for a quarter with record results in its equities unit, driven by financing and taking profit in arranging bets.

Bank of America Corp.'s stock traders notched a record during the second quarter, benefiting from market volatility, while its investment bankers capitalized on a dealmaking resurgence.

Wells Fargo & Co. reported second-quarter earnings that beat Wall Street estimates on higher fees from wealth management and investment banking.

Citigroup Inc.'s key business lines surpassed Wall Street's expectations, although the bank's record haul in stock trading fell short of the growth posted by rivals.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, discusses top tech stories. An AI-fueled stock rout in South Korea spilled over into the US market Monday, as SK Hynix Inc. American depositary shares fell as much as 9.3%. Taiwan Semiconductor Manufacturing Co. reported a 36% jump in quarterly sales, meeting elevated expectations while signaling global demand for AI computing remains intact.

-Tamlin Bason, Bloomberg Tech Litigation Analyst, discusses Apple filing a lawsuit against OpenAI, alleging that the company systematically stole its intellectual property by asking former Apple employees to bring information about unreleased products. Apple is seeking monetary damages and an order requiring OpenAI to halt the alleged conduct and destroy any proprietary materials, which could disrupt OpenAI's device ambitions and slow its recruiting pipeline.

-Ryan Fisher, Bloomberg BNEF EV Charging Team Leader, discusses how electric-vehicle charging companies are adjusting their merger and acquisition strategies as they strive for scale and profitability across Europe. The industry is still rife with competition, but cash-strapped companies are selling to survive, and some networks, such as Instavolt, are getting rid of assets in periphery markets while doubling down on their core ones.

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Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom. 

On this episode:

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Anthony Hughes, Bloomberg US Equity Capital Markets Reporter, discusses SK Hynix’s U.S listing. SK Hynix Inc.'s American depositary receipts surged above their offering price after the company raised $26.5 billion in the largest-ever US listing by a foreign company. The ADRs are trading at a premium over the closing price of the Seoul-listed common stock due to restrictions on exchanging the South Korean stock for the US instruments.

- George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses earnings from Delta Airlines. Delta Air Lines Inc. reaffirmed its full-year profit guidance, citing strong demand for premium, corporate and international travel. The airline's revenue rose 14% from a year earlier, with capacity increasing just 1%, and it earned an adjusted $1.56 a share in the second quarter.

-Beth Kowitt, Bloomberg Opinion Columnist, discusses her column: “Meta Ushers In the Era of the K-Shaped Company.” A new class divide is emerging in Big Tech, between those at the top of the artificial intelligence hierarchy and everyone else, with the former receiving high salaries and resources and the latter being viewed as disposable.

-Kevin Near, Bloomberg Intelligence Senior Equity Research Analyst, discusses how a fuller release slate is helping push domestic box office toward $10 billion this year or next. According to Bloomberg Intelligence: longer exclusive theatrical windows are broadening big-screen demand for AMC, Cinemark and other leading North American exhibitors.

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Bloomberg Intelligence hosted by Paul Sweeney and Jess Menton

-Kurt Wagner, Bloomberg Senior Reporter covering social media, discusses Meta Platforms unveiling a version of its AI model, Muse Spark 1.1, that includes a new paid tier for developers, marking the first time Meta has charged businesses for access to its models. The new model's standout improvement is in its agentic capabilities, with "state-of-the-art or very close to it" agentic reasoning and tool use, and is also greatly improved when it comes to coding.

-Ken Shea, Bloomberg Intelligence Senior Consumer Products Analyst, recaps PepsiCo earnings. PepsiCo Inc. said consumers pulled back in the second quarter as gas prices rose, slowing its efforts to revitalize its North American snack business. The company saw a decline in revenue in its North American food business and flat volume after cutting prices by as much as 15% in some brands.

-Mary Ross Gilbert, Bloomberg Intelligence, Senior Equity Analyst, Covering Retail, recaps earnings from Levis Strauss. Levi Strauss & Co. raised its full-year projections for a second straight quarter due to an expanded selection of apparel and a focus on its own stores and website. Net revenue is now projected to grow 7% to 7.5% for the full year, up from the previous range of 5.5% to 6.5%, according to a statement.

-Daniela Sirtori, Bloomberg Restaurants Reporter, discusses Starbucks developing in-house tools with the help of artificial intelligence that could replace some software applications it now buys from companies such as Microsoft Corp. and International Business Machines Corp. The coffee chain is building alternatives to a Microsoft system that tracks inventory and an IBM tool that manages maintenance, according to an internal presentation reviewed by Bloomberg News.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, discusses top tech stories. Nvidia Corp.'s stock is the cheapest it's been since before the AI boom, after losing roughly $1 trillion in market value in less than two months. The AI rotation trade is also gathering pace in Asia as investors pull money from chipmakers and hunt for cheaper ways to play the technology boom.

-Robert Schiffman, Senior Tech Credit Analyst for Bloomberg Intelligence, discusses Amazon’s debt sale. Amazon.com is tapping the US high-grade bond market for the second time this year even after issuing more than $60 billion across currencies and accumulating nearly $155 billion in pro forma cash, underscoring the scale of its AI funding needs.

-Anurag Rana, Senior Tech Analyst for Bloomberg Intelligence, discusses Apple saying its expanded agreement with Broadcom is expected to top $30 billion. The deal will involve manufacturing more than 15 billion chips in the US, supporting hundreds of jobs, and Apple will help Broadcom upgrade its production facilities in Colorado.

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Bloomberg Intelligence hosted by Paul Sweeney and Stacey Vanek Smith

-Ed Ludlow, BTech Anchor, discusses top tech stories. Samsung Electronics Co.’s quarterly profit surged, prompting investors to cash out of a near-150% rally this year that had baked in the AI-fueled growth.
Separately, Amazon.com Inc. is looking to raise at least $25 billion from a US dollar bond sale to fund spending on artificial intelligence infrastructure.

-Ryan Vlastelica, Bloomberg Equities Reporter, discusses why the Mag 7 tech giants are no longer dominating the stock market, with their index gaining just 1.7% in 2026. Investors are now focused on the biggest beneficiaries of the wave of cash dedicated to building out AI, such as memory chipmakers like Micron Technology Inc. and Sandisk Corp.

-- Gautam Mukunda, Lecturer at Yale School of Management and Bloomberg Opinion contributor, discusses his column: “Sam Altman Offers a Trojan Horse to America.” Sam Altman offered the US government a 5% stake in OpenAI, which he said would allow Americans to share in the benefits of artificial intelligence. The offer is seen as a way for OpenAI to "capture" the government and gain an advantage through regulatory capture, where the government becomes an owner of the company and has an economic stake in its success.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu 

- Brody Ford, Bloomberg Technology Reporter, discusses Microsoft Corp.'s Xbox plans to eliminate 3,200 jobs, or around 20% of its staff over the next year, as part of a massive reorganization to spur growth in the struggling gaming division. Xbox will divest four of its video-game development studios and is beginning the process to part ways with a fifth, with the goal of streamlining the business and reinvesting in bigger projects.

- Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses SK Hynix kicking off the formal marketing process for its US listing, seeking to sell American depositary receipts representing about 17.79 million common shares. The company is looking to capitalize on surging investor demand for the high-flying memory-chip sector, with the offering of ADRs coming after the firm’s Seoul-traded stock rallied about 260% this year.

- Tim Craighead, Bloomberg Intelligence Global Chief Content Officer, discusses 10 companies to watch in Q3. Bloomberg Intelligence analysts have identified interesting companies from their roster of high-confidence Focus Ideas. Spanning sectors and regions, each scenario outlines a catalyst in the next few months that supports our case.

- Sam Fazeli, Bloomberg Intelligence Director of Research: Healthcare, Defence, Industrials & Autos, discusses Novartis AG agreeing to buy Myricx Bio for as much as $1.5 billion, adding an experimental cancer drug designed to deliver more potent treatments directly to tumors while limiting damage to healthy cells.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu 

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu 

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu 

- Ed Ludlow, BTech Anchor discusses the top tech stories. Technology stocks slumped after Apple and Microsoft raised prices for their products, stoking concern that rising component costs will curb demand for devices. Investors are reassessing whether soaring memory prices may begin to choke off spending by raising costs for electronics makers and consumers alike. Separately, OpenAI is leaning toward holding off on an initial public offering until 2027, according to the New York Times, citing three people involved in the company’s deliberations.

-David Welch, Bloomberg Detroit Bureau Chief, discusses Volkswagen looking to cut tens of thousands of additional jobs. The plans include doubling staff reductions and cutting general overhead costs by €11 billion by the end of this decade. Labor leaders have pushed back against the new plans, stating they "unsettle our workforce and the regions where we operate" and vowing to oppose them with all their might.

-George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses Boeing securing an order from China Southern Airlines  valued at $3.62 billion, marking an important win for the US manufacturer after seeing orders dry up from Asia’s largest aviation market in the past decade.

-Sridhar Natarajan, Bloomberg News Chief Wall Street Correspondent, discusses the latest at JPMorgan Chase. Troy Rohrbaugh was promoted to co-president at JPMorgan and will oversee the bank's consumer business. Rohrbaugh's promotion came after the departure of Marianne Lake, and he will receive a one-time award of $30 million as part of a retention bonus. The move has lifted Rohrbaugh's odds of potentially replacing Jamie Dimon as CEO, with insiders speculating on the rapid rise of Rohrbaugh and Doug Petno, who will have sole charge of the Wall Street operations.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu 

-Jake Silverman, Bloomberg Intelligence Semiconductor Analyst, recaps Micron earnings. Micron Technology Inc. shares surged after the company issued a quarterly sales forecast that exceeded Wall Street estimates, signaling that an AI-fueled growth run remains strong. Micron has secured 16 strategic customer agreements, which suggests the company can mitigate the boom-and-bust cycles that have plagued the memory chip industry.

-Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, discusses earnings from Darden Restaurants. Darden Restaurants Inc. posted a cautious overall profit outlook as same-store sales at Olive Garden trailed expectations. The company sees fiscal 2027 earnings per share from continuing operations between $11.10 and $11.35, below analysts’ forecast.

-Matt Miller, Open Interest Co-Host on Bloomberg Television and Co-Host of the Hot Pursuits Podcast, discusses his interview with Ford CEO Jim Farley. Ford hired veteran engineers to help train younger staff and reprogram artificial intelligence tools to address quality problems. The result of this effort is that Ford is the top mainstream brand in the latest JD Power Initial Quality Survey, with three of its models ranking highest in their respective categories.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu 

-Lee Klaskow, Bloomberg Intelligence Senior Transport, Logistics and Shipping Analyst, recaps FedEx earnings. FedEx shares fell after the parcel delivery company posted its first earnings report since completing the spinoff of its freight unit earlier this month. Results seem to have fallen short of investor expectations after a strong run-up in the first half of the year. 

-Ryan Ward, BloombergNEF Weather Associate, discusses how AI is modeling mega storms with surprising accuracy. AI hurricane forecasts faced a first stress test in 2025: Hurricane Melissa, the strongest Category 5 hurricane in the modern era. AI models are trained on historical data, meaning a storm of this magnitude was not in the training set and potentially not predictable.

-Linda Cohn, ESPN Sportscenter Anchor, discusses retiring after 34 years at ESPN. Hall of Fame sportscaster Linda Cohn has served as a SportsCenter anchor since joining ESPN in 1992. She is ESPN’s longest-tenured SportsCenter anchor and in early 2016 was recognized for anchoring her 5,000th SportsCenter, the most of any anchor in ESPN history. In 2017, she was inducted into the National Sports Media Association (NSMA) Hall of Fame.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu 

-Brian Egger, Bloomberg Intelligence Senior Gaming and Lodging Analyst, discusses Carnival earnings. According to Bloomberg Intelligence: Carnival's outlook for 1.75% constant-currency full-year revenue-yield growth (2.25% excluding deployment and loyalty-program changes) reflects a 100-bp guidance reduction since March, due to higher airfare and gas prices amid disruption from conflict in the Middle East.

-Robert Schiffman, Senior Tech Credit Analyst for Bloomberg Intelligence, discusses SpaceX’s historic bond debut. According to Bloomberg Intelligence: SpaceX's inaugural high grade bond offering could draw heavy demand, aided by first-time issuer scarcity and demand for diversified AI-linked credit exposure. Key-person risk, large funding needs and execution challenges tied to space and AI expansion may raise questions about balance-sheet strength and cash-flow generation over time.

-Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses SpaceX. After pulling off a record $86 billion IPO in mid-June and riding an initial surge, enthusiasm waned for the stock that’s been at the forefront of a retail frenzy in speculative space and AI trades. 

-Madison Muller, Bloomberg News Health Reporter, discusses the Bloomberg Big Take: “How Eli Lilly's CEO Plans to Keep the GLP-1 Boom Going.” When Dave Ricks became chief executive officer of Eli Lilly & Co. in 2017, he was facing an industry under siege. Americans held drug companies in lower esteem than airlines, law firms and even the federal government. President Donald Trump, then starting his first term, was excoriating them for their high prices. A mounting number of reports showed that soaring costs were even forcing some diabetics to ration insulin.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu 

-Kevin Crowley, Bloomberg News Big Oil Reporter, discusses Chevron Corp. signing a 20-year deal with Microsoft Corp. to provide natural-gas fired power for a proposed West Texas data center. The proposed plant, Project Kilby, is expected to start producing power by 2028 and will ramp up to 2.67 gigawatts over time, enough to power more than 530,000 Texas homes.

-Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals Analyst, discusses AbbVie agreeing to buy Apogee Therapeutics for $10.9 billion to bolster its anti-inflammatory drug portfolio. The acquisition is expected to close in the third quarter and reflects a roughly 49% premium to Apogee’s closing price of $90.38 on Thursday.

-Spencer Liberman, Bloomberg Intelligence Analyst, Industrials and Materials, discusses CRH agreeing to acquire US construction services company Arcosa for $8.5 billion in what is a record deal for the Irish building materials provider. 

-Dennis Lockhart, Former Atlanta Fed President, discusses the life of Alan Greenspan. Alan Greenspan, the former Federal Reserve chairman, has died at the age of 100 due to complications of Parkinson’s disease. Greenspan served as Fed chief for 18 years, from 1987 to 2006, and was known for guiding a record US economic expansion, but his legacy was later dimmed by the financial crisis that erupted after he stepped down.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu 

- Anurag Rana, Senior Technology Analyst for Bloomberg Intelligence, joins to discuss the latest tech headlines. Accenture Plc said it’s expecting to reel in less revenue in the coming months, as artificial intelligence upends the consulting services industry and clients paused business due to the conflict in the Middle East. The company reported a 2% drop in new bookings for the quarter ended May 31, according to a statement Thursday. Accenture shares tumbled 20% in early trading in New York, marking their worst one-day drop on record. 

- Wayne Sanders, Senior Defense Analyst for Bloomberg Intelligence, examines the next steps in US-Iran relations as an interim peace deal is starting to take effect, with focus shifting to the resumption of shipping through the Strait of Hormuz and a complex 60-day negotiating period over Tehran’s nuclear program. 

- Ira Jersey, Chief US Interest Rate Strategist for Bloomberg Intelligence, discusses what Wednesday’s FOMC meeting and remarks from Chair Kevin Warsh signal about the Fed’s policy path ahead. Traders piled into betting on interest-rate hikes as soon as next month after Warsh used his debut press conference as Federal Reserve chairman to make clear the central bank won’t tolerate high inflation. 

- Ann Miletti, Head of Equity Investments & Chief Diversity Officer at Allspring Global Investments, assess the importance of portfolio diversification and earnings fundamentals as the next phase of AI implementation spurs record capex spending.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu 

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Seth Fiegerman, Bloomberg AI Team Leader, discusses SpaceX agreeing to take over Cursor in a deal that values the startup at $60 billion, part of Elon Musk's efforts to catch up with rivals on coding tools. The deal is expected to close in the third quarter, with Cursor investors having the right to receive SpaceX stock based on the implied $60 billion equity value of the startup.

-Gautam Mukunda, Lecturer at Yale School of Management and Bloomberg Opinion contributor, discusses his Bloomberg Opinion column: “Trillionaires and Republics Will Be a Toxic Mix.” SpaceX’s initial public offering made Elon Musk the world’s first trillionaire, giving him absolute power. A mega-billionaire has resources that approach or exceed those of many nation-states and can convert their wealth into power. The exchange rate between wealth and power has never been so favorable, with some individuals spending large sums on presidential elections and having significant influence over government decisions.

-Poonam Goyal, Senior U.S. E-Commerce and Retail Analyst at Bloomberg Intelligence, discusses how AI is pushing US e-commerce into a new growth phase. According to Bloomberg Intelligence: Amazon.com's Prime Day will be an early test of whether AI-driven shopping and bargain hunting can coexist. As inflation, higher gas prices and tariff-related costs keep consumers focused on value, Bloomberg Intelligence's fifth annual proprietary survey suggests shoppers are entering the June 23-26 event seeking deals with convenience and delivery speed defining Prime's core appeal.

-Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, discusses Yum! Brands selling its Pizza Hut division for $2.7 billion to focus on its KFC and Taco Bell chains. Private equity firm LongRange Capital will acquire Pizza Hut excluding China for $1.5 billion, and Yum China Holdings Inc. will buy the rest for $1.2 billion.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, discusses Fox agreeing to acquire Roku Inc. in a deal valued at about $22 billion including debt, creating a new television juggernaut and marking a big push into ad-supported streaming.

-Anurag Rana, Bloomberg Intelligence Technology Analyst, discusses Salesforce agreeing to buy Fin, a firm that develops artificial intelligence-powered customer agents, for about $3.6 billion as the software company works to win new business for enterprise AI.

-Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses the US government ordering Anthropic to disable access to its most advanced AI platforms for all foreign nationals after discovering it's possible to "jailbreak" the Fable 5 AI model.

-Carmen Reinicke, Bloomberg Equities Reporter, discusses the Bloomberg Big Take story: “The $12 Trillion Stock Squeeze Gives Way to IPO Market Boom.” The US stock market is poised to see a surge in new equity issuance, with IPOs, secondary offerings, and other share sales expected to add roughly $1.5 trillion of stock to the market over the next two years. Companies such as SpaceX, OpenAI, and Anthropic are leading the charge, with plans to raise hundreds of billions of dollars in capital to fund their expansion and meet the enormous spending demands of the artificial-intelligence boom.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Anthony Hughes, Bloomberg US Equity Capital Markets Reporter, discusses SpaceX’s IPO. Shares of SpaceX climbed in their first day of trading after the company made history with a $75 billion IPO. The stock sold for $150 in its opening trade on Nasdaq, 11% above its $135 offering price, and climbed as high as $168.75.

-George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses SpaceX’s IPO. According to Bloomberg Intelligence: The strongest 2Q revenue growth should come from xAI, as the Anthropic data-center deal adds $1.5 billion and propels SpaceX sales to $7.3 billion.

-Ross Hamilton, Chief Operating Officer at Space Network, discusses the broad impact of SpaceX’s IPO, and the space economy.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Anurag Rana, Bloomberg Intelligence Technology Analyst, recaps Oracle earnings. Oracle Corp. shares declined after the company reported quarterly capital expenses that were higher than estimates, raising investor concerns about the profitability of the AI infrastructure business.

-George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses SpaceX’s IPO. Retail investors bidding for shares in SpaceX’s initial public offering have submitted more than $100 billion in orders, according to people familiar with the matter, as the potentially record-breaking debut enters the home stretch.

-Lily Meier, Bloomberg Retail Reporter, discusses the Bloomberg Big Take story: “Nike’s Savior CEO Is Grappling With a 45% Stock Slump.” Nike CEO Elliott Hill, a longtime company veteran, came out of retirement with much fanfare to right a sinking ship. Over a year in, not much is working – sales and shares are down and new products aren’t resonating. Competitors, meanwhile, are gaining traction among consumers, pushing Nike deeper into a hole with trying stay relevant. 

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Bloomberg Intelligence hosted by Paul Sweeney and John Tucker

- Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst, discusses Super Micro Computer saying it plans $7 billion in equity and equity-linked financing transactions to fund component purchases to satisfy around $39 billion in AI server orders it has received from customers.

- Caroline Hyde, BTech Co Anchor, discusses SpaceX’s IPO. Gulf wealth funds have put in orders for shares worth several billions of dollars in SpaceX’s initial public offering. Saudi Arabia’s Public Investment Fund and Kuwait Investment Authority have each placed orders for shares worth $1 billion to $5 billion.

-Steve Man, Bloomberg Intelligence Global Autos and Industrials Research Analyst, discusses his research on Tesla and SpaceX. According to Bloomberg Intelligence: A Tesla-SpaceX merger looks far from assured in the medium term, widespread market speculation aside, as benefits from Terafab chip work, the Macrohard software development project and any Tesla role in space exploration are years away. 

-Diana Rosero Pena, Bloomberg Intelligence Consumer Staples Analyst, discusses Chewy's earnings. Chewy shares drop after management gave additional guidance metrics on the conference call including cautious comments on customer additions, and profit measures. The company stated that it is seeing a “modest level of incremental pressure on premiumization and product attach rates” from its current customer base. 

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Bloomberg Intelligence hosted by Paul Sweeney, Scarlet Fu, and John Tucker

-Dan Ives, Global Head of Technology Research at Wedbush Securities, discusses OpenAI becoming the third major artificial intelligence developer to confidentially file for a public listing, joining rivals in an IPO pipeline. The company is working with Goldman Sachs Group Inc. and Morgan Stanley on a potential listing as soon as the fall, according to people familiar with the matter.

-Carmen Arroyo, Bloomberg Tech Reporter, discusses the Bloomberg Big Take story: “SpaceX IPO Forces Investors to Bet on Musk’s Entangled AI Empire.” Elon Musk’s imperial approach has made it difficult to decipher his companies’ true valuations. With the SpaceX IPO looming, some investors have raised concerns about SpaceX’s accounting practices, corporate governance risks and related-party transactions with other Musk entities. And as Musk aims for the stars, some investors have grown anxious about whether his goals are attainable, or if he’s bending the rules to pursue them.

-Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals Analyst, discusses the latest in biotech sector. Eli Lilly & Co. presented data showing its next-generation shot, retatrutide, can help patients lose 30% of their body weight over about two years.

-Jennifer Rie, Bloomberg Intelligence Senior Litigation Analyst, discusses Britain’s merger watchdog opening a probe into Paramount Skydance Corp.’s $110 billion takeover of Warner Bros. Discovery Inc. The Competition and Markets Authority has set an initial deadline of August 7 to rule on the deal, which would unite two Hollywood studios and major news networks.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses Bending Spoons has filing for an initial public offering in New York, joining a string of European tech companies seeking US listings. Bailey also discusses SpaceX’s upcoming IPO.

-Greg Pendy, Director and Equity Analyst at Clear Street, discusses SpaceX’s IPO. SpaceX's initial public offering is well oversubscribed, according to people familiar with the matter, as demand builds for a potentially record-setting debut.

-Diana Rosero Pena, Bloomberg Intelligence Consumer Staples Analyst, discusses Campbell’s earnings. The canned soup maker reported adjusted earnings per share for the third quarter that beat the average analyst estimate.

-Zachary Mider, Bloomberg Reporter on the Investigations Team, discusses the Bloomberg Big Take: “Top 1% Reap Most From a Tax Loophole Costing $48 Billion a Year.” What was once a minor leak in the US tax system is now a torrent that’s costing the government around $48 billion a year. The industry says estimates of the ETF tax break’s size are overblown, that millions of ordinary investors benefit and that it encourages long-term saving. Yet there’s been little public discussion or debate about the tax break or the rapid growth in its exploitation.

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Bloomberg Intelligence hosted by Paul Sweeney, Scarlet Fu, and Kristine Aquino

- Poonam Goyal, Senior U.S. E-Commerce and Retail Analyst at Bloomberg Intelligence, discusses Lululemon earnings. Lululemon Athletica shares fell to their lowest level in eight years after the company cut its annual forecast due to deteriorating performance in North America.

-Matthew Bloxham, Bloomberg Intelligence Senior and Tech Analyst, discusses the top tech stories. Broadcom Inc. CEO Hock Tan said the company is now less focused on dealmaking because AI offers stronger growth potential. Matthew also discusses SpaceX’s IPO.

-Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses SpaceX’s IPO. SpaceX has received orders for more than the shares available in its $75 billion initial public offering, according to people familiar with the matter.

-Jessica Nix, Bloomberg Health Reporter, discusses the Bloomberg Big Take story: “Ebola Exposes How Aid Cuts Hollowed Out Global Disease Defenses.” The world's outbreak defenses were rebuilt after the 2014 Ebola epidemic. Now a new crisis in Congo is testing what remains after deep aid cuts and health program rollbacks.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses Broadcom’s outlook. Broadcom Inc. shares plunged after the company’s forecast for sales of its artificial intelligence chips disappointed investors. AI semiconductor revenue will be $16 billion in the fiscal third quarter, falling well below analysts’ expectations of $17.2 billion on average.

-Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses SpaceX’s IPO. SpaceX is planning to offer shares at $135 apiece to raise $75 billion in its initial public offering. The IPO is expected to start formal marketing on June 4 and price as early as June 11, with the company making its debut on Nasdaq and Nasdaq Texas under the symbol SPCX.

-Gene Munster, Managing Partner at Deepwater Asset Management, also joins to discuss SpaceX’s IPO.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses SpaceX’s IPO. The company aims to sell 555.6 million shares in the offering and is targeting a valuation of at least $1.8 trillion. The IPO is expected to start formal marketing on June 4 and price as early as June 11, with the company making its debut on Nasdaq and Nasdaq Texas under the symbol SPCX.

-Gautam Mukunda, Lecturer at Yale School of Management and Bloomberg Opinion contributor, discusses his Opinion column: “C-Suite Throws Governance Out With the Garbage.” Elon Musk will have 85% voting control of SpaceX following its initial public offering and will serve as chairman, CEO, and chief technology officer. Musk will appoint most of the board's directors and cannot be fired, and public investors will waive their rights to jury trials and class actions.

-Matt Henriksson, Bloomberg Intelligence Senior Equity Analyst, discusses Medtronic earnings. Medtronic forecast adjusted earnings per share for 2027; the guidance missed the average analyst estimate. According to Bloomberg Intelligence: Medtronic's fiscal 2027 organic-growth guidance appears conservative, even when accounting for the year's extra selling week, as its Cardiac Ablation Solutions business continues to outperform peers.

-Mary Ross Gilbert, Bloomberg Intelligence, Senior Equity Analyst, Covering Retail, discusses earnings from Macy's. Macy’s Inc. lifted its sales outlook for the year, citing its focus on growing its luxury business and improving its product assortment. The company raised its annual guidance for comparable sales to as much as 1.2%, and also upped its projections for net sales and adjusted diluted earnings per share.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Sri Natarajan, Bloomberg News Chief Wall Street Correspondent, discusses Elon Musk’s SpaceX negotiating to pay less than 0.75% for the $75 billion it aims to drum up in an initial public offering this month.

-Matthew Bloxham, Bloomberg Intelligence Senior and Tech Analyst, discusses Google parent Alphabet raising $80 billion through a package of equity offerings, including an investment deal with Berkshire Hathaway.

-Mary Ross Gilbert, Bloomberg Intelligence, Senior Equity Analyst, Covering Retail, discusses earnings from Victoria's Secret. Victoria’s Secret shares soared after the company beat earnings estimates and boosted its outlook, adding to signs of progress for Chief Executive Officer Hillary Super’s turnaround plan.

-Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst, discusses Hewlett Packard Enterprise shares soaring after the company gave an outlook for annual sales that topped Wall Street’s estimates, citing massive growth in AI-fueled demand for its servers and networking.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Jody Lurie, Bloomberg Intelligence Credit Analyst, discusses Barry Diller making an offer for the remaining portion of MGM Resorts International he doesn’t already own through his business empire, People Inc.

-Matthew Palazola, Bloomberg Intelligence, Senior Analyst, P&C Insurance, discusses the latest at Berkshire Hathaway. Berkshire Hathaway Inc. will acquire Taylor Morrison Home Corp. in an all-cash deal worth about $6.8 billion. The offer of $72.50 per common share represents a 24% premium to the home builder’s latest closing price on Friday.

-Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses Nvidia entering the PC market with a new chip called RTX Spark Superchip to loosen Intel Corp.'s stranglehold and modernize machines for the AI era.

- Isabelle Lee, Bloomberg Cross Asset Reporter, discusses the Bloomberg Big Take: "SpaceX IPO Forces Wall Street to Reorganize Around.” Even if all SpaceX's IPO does is break the record for the biggest ever listing, the world of finance has already changed. The company’s ambitious listing plan is set to clear the way for other mega-offerings. It also risks threatening the integrity of the market itself.

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Bloomberg Intelligence hosted by Scarlet Fu, Alexandra Semenova, and John Tucker

- Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst, recaps Dell earnings. Dell Technologies shares surged after the company gave an outlook for annual sales that far surpassed analysts’ estimates, fueled by demand for servers that power artificial intelligence work.

-Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses the latest at Anthropic. Anthropic PBC raised $65 billion in a funding round that valued the artificial intelligence company at $965 billion including the new investment.

-George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses the latest at SpaceX and Blue Origin. SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter. Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad, dealing a major setback to the company.

-Matt Henriksson, Bloomberg Intelligence Senior Equity Analyst, discusses Bloomberg Intelligence’s Diabetes deep dive. According to BI: Continuous glucose monitors and insulin pumps markets each can generate annual growth rates above double digits through 2030, having emerged as the standard of care. Automated sensing and insulin delivery offer sustainable growth for Dexcom and Abbott Laboratories in CGMs andInsulet, MiniMed, Beta Bionics and Tandem Diabetes Care in pumps.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Jody Lurie, Bloomberg Intelligence Credit Analyst, discusses Tilman Fertitta's firm striking a $5.7 billion, all-cash deal for Caesars Entertainment that will add some 52 casinos in the US to his entertainment empire.

-Caroline Hyde, BTech Co-Anchor, discusses Snowflake giving a stronger-than-expected annual outlook and signing a $6 billion multiyear agreement to use Amazon.com Inc.’s cloud services and chips.

-Anurag Rana, Bloomberg Intelligence Technology Analyst, recaps Salesforce earnings. Salesforce gave a revenue outlook for the current period that fell just short of analysts’ estimates, with revenue expected to be about $11.3 billion in the fiscal second quarter.

-Mary Ross Gilbert, Bloomberg Intelligence, Senior Equity Analyst, Covering Retail, discusses Kohl’s earnings. Kohl’s reported stronger-than-expected sales, as the department chain’s turnaround under Chief Executive Officer Michael Bender begins

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Bloomberg Intelligence hosted by Paul Sweeney and Alexandra Semenova

-Jake Silverman, Bloomberg Intelligence Semiconductor Analyst, discusses a surge in memory-chip stocks intensifying, sending the market capitalizations of SK Hynix and Micron Technology above $1 trillion for the first time. Investors are betting the AI boom will lead to a sustained revaluation of the industry.

-Sid Philip, Bloomberg Chief Correspondent for Global Aviation, discusses Boeing raising production on its 737 Max jet. Boeing CEO Kelly Ortberg said it’s a key step to improve profitability and generate cash.

-Mary Ross Gilbert, Bloomberg Intelligence, Senior Equity Analyst, Covering Retail, recaps earnings from Abercrombie & Fitch. The apparel retailer reported first-quarter adjusted earnings per share that beat and maintained its outlook for the year. 

-Lindsay Dutch, Bloomberg Intelligence Consumer Hardlines Senior Analyst, recaps earnings from Dick's Sporting Goods and Bath & Body works. According to Bloomberg Intelligence: Dick's Sporting Goods' has strong momentum for its legacy business heading into the summer and back-to-school shopping seasons, with the World Cup a possible catalyst for further same-store sales surprises following fiscal 1Q's stronger-than-expected 6% gain.

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Bloomberg Intelligence hosted by Paul Sweeney, Alexis Christoforous, and Stacey Vanek Smith

-Madison Muller, Bloomberg News Health Reporter, discusses news that Eli Lilly & Co. is buying three clinical-stage vaccine developers for as much as $3.8 billion to establish itself as a leader in other areas and become a major player in infectious diseases.

-Anthony Hughes, Bloomberg US Equity Capital Markets Reporter, discusses Quantinuum seeking to raise $1.05 billion in its US initial public offering, capitalizing on investor enthusiasm for quantum computing technology.

-Craig Trudell, Bloomberg Managing Editor of Global Business Coverage, discusses Ferrari shares falling almost 8% after critics panned the look of its first fully electric vehicle, a setback for the Italian super-car maker’s controversial push into EVs.

-Jennifer Bartashus, Bloomberg Intelligence Senior Analyst, Retail Staples & Packaged Food, discusses research: "World Cup's $80 Billion Prize Hinges on Fans Not Crying Foul." FIFA's nearly $9 billion expected revenue take from this year's World Cup may understate the tournament's broader economic impact, with US legal betting alone set to top $2 billion, based on Bloomberg Intelligence's analysis.

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