Bloomberg Intelligence

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Bloomberg Intelligence hosted by Paul Sweeney, Scarlet Fu, and Isabelle Lee

- Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses Lyft and Airbnb earnings. Lyft Inc. reported profit that fell short of Wall Street’s estimates due to spending on international expansion and higher-end offerings. Airbnb boosted its annual forecast due to robust bookings in the Americas, and expects annual revenue growth to "accelerate to low- to mid-teens".

--Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, discusses his outlook for Texas Roadhouse and U.S Foods, along with Wendy’s earnings. Wendy’s reported adjusted earnings per share for the first quarter that beat the average analyst estimate.

-Brian Cox, Global Vice President of Scotch Whisky at Bacardi LTD, on why luxury brands are increasingly aligning themselves with golf culture right now. Not long ago, golf was fading. Membership fees were sky-high, and younger audiences weren’t buying in. By the late 2000’s, the sport had lost nearly 6.8 million players, especially younger generations who saw it as expensive, slow, and out of touch. The 2008 financial crisis only deepened the downturn, prompting widespread course closures and a sharp drop in memberships as golf came to feel like a luxury many could no longer afford. Culturally, golf struggled to stay relevant, overshadowed by faster-paced, more inclusive sports, and weighed down by an image of exclusivity and outdated tradition.

-- Sarah Frier, Bloomberg Technology Managing Editor, discusses Intel. after Lip-Bu Tan became CEO of Intel Corp., the company's shares initially went nowhere, but have since risen to a record after Tan forged ties with tech titans and won over US President Donald Trump. Tan has spent more time outside the company than inside and has not widely explained his plan to fix products and manufacturing to employees, who say the company still has fundamental issues to address.
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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Katherine Doherty, Bloomberg News Finance Reporter, discusses Wall Street bonuses being projected to jump for the third year in a row as market volatility fuels trading demand and dealmaking makes its long-awaited comeback. Incentive pay for investment bankers who advise corporate clients on deals is poised to be up 10% to 20% or more from a year earlier, according to Johnson Associates Inc.
-Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, discusses earnings from McDonald’s and Shake Shack. McDonald’s Corp. is warning that worsening consumer sentiment will dampen second-quarter results due to a run-up in gas prices and comparisons to a successful promotion last year. Shake Shack shares plummeted after the burger chain reported first-quarter revenue that missed expectations due to pressures including rising beef costs and inclement weather.

-Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, discusses earnings from Warner Bros Discovery and Peloton. Warner Bros. Discovery Inc. reported first-quarter financial results that missed analysts’ expectations as the media giant moves closer to being acquired by rival Paramount Skydance Corp. Peloton Interactive Inc. raised its guidance for the full year, suggesting a turnaround is on track due to new commercial offerings and upgraded equipment.

-Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst, discusses ARM earnings. Arm Holdings Plc shares declined as much as 9% after a slowdown in the smartphone industry took a toll on the chip company’s royalty revenue. Royalties generated $671 million in revenue last quarter, falling short of an average estimate of $693 million.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst, discusses AMD earnings and Nvidia. Advanced Micro Devices soared to new heights in early trading after a flood of data center spending bolstered its sales forecast. Nvidia bought $500 million worth of rights for shares in Corning Inc. as part of a partnership to expand artificial intelligence infrastructure.

-Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, discusses Walt Disney earnings and the death of Ted Turner. Walt Disney posted stronger results than Wall Street expected thanks to improved profitability at its streaming business and guests spending more at the company’s resorts and on cruises. Ted Turner, the founder of CNN, has died at the age of 87, according to a news release from his company, Turner Enterprises.

-George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses SpaceX. Elon Musk’s SpaceX estimated a chip factory it plans to build along with Tesla will cost at least $55 billion, with total investment potentially exceeding $119 billion.

-Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses Uber earnings. Uber Technologies provided a better-than-expected forecast for bookings, signaling that robust demand from US commuters and travelers will offset impact from geopolitical tensions in the Middle East.
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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- Caroline Hyde, BTech Co-Anchor, discusses Apple holding exploratory discussions with Intel and Samsung Electronics about producing main processors for its devices in the US, as a secondary option beyond Taiwan Semiconductor Manufacturing Co.

-Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, recaps earnings from Paramount-Skydance. Paramount Skydance reported first-quarter sales and earnings that beat analysts’ expectations as the company moves closer to acquiring Warner Bros. Discovery.

-Paul Gulberg, Bloomberg Intelligence Senior Equity Analyst, discusses Coinbase job cuts. Coinbase Global will cut around 14% of its workforce to manage costs in volatile markets and technological advances in artificial intelligence. The company plans to concentrate remaining staff around AI skills while reducing layers of management, with some teams consisting of just one person.

-Diksha Gera, Bloomberg Intelligence Global Fintech and Payments Analyst, discusses PayPal’s plans for job cuts. PayPal Holdings plans to cut around 20% of its workforce in the next two to three years to reduce costs and turn around the payments company. The company aims to realize at least $1.5 billion in savings over the next two to three years as part of its turnaround strategy under new Chief Executive Officer Enrique Lores.

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Lee Klaskow, Bloomberg Intelligence Senior Transport, Logistics and Shipping Analyst, discusses US transportation stocks plunging Monday after Amazon.com Inc. announced expanded logistics offerings that will turn it into a major competitor for parcel carriers and air freight companies, and also impact truckers and third-party brokers.

-Jennifer Bartashus, Bloomberg Intelligence Senior Analyst, Retail Staples & Packaged Food, discusses Tyson Foods earnings. Tyson Foods raised its full-year profit outlook as strong protein demand enables growth even as the struggling beef segment shows no signs of turning around.

-Brian Egger, Bloomberg Intelligence Senior Gaming and Lodging Analyst, discusses Norwegian Cruise Line cutting its full-year adjusted earnings outlook due to disruptions tied to the Middle East. Higher fuel prices and waning travel demand to Europe are adding to its weaker-than-expected bookings at the start of this year.

-Spencer Soper, Bloomberg Technology and E-Commerce Reporter, discusses GameStop trying to buy eBay for about $56 billion in cash and stock, a 20% premium to its Friday close. The gaming retail chain has offered $125 per share in cash and stock for the online marketplace and has secured an initial, non-binding “highly confident letter” from TD Bank to provide about $20 billion of debt financing for the deal.
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