Bloomberg Intelligence

President Donald Trump announced he was extending a ceasefire with Iran indefinitely a day before it was set to expire, even as plans for a fresh round of talks between the two countries fell apart.

In a Truth Social post, Trump said Tuesday he would maintain a blockade over ships coming to and from Iran in the Strait of Hormuz. He said Pakistan, which had mediated between the two sides, asked for the US to hold off on fresh strikes and he was extending the ceasefire until Iran submits a new proposal “and discussions are concluded, one way or the other.”

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
Wendy Benjaminson, Bloomberg News Senior Editor
Terry Haines, Pangaea Policy Founder
Adam Farrar, Bloomberg Economics Senior Geoeconomics Analyst
Ambassador James F. Jeffrey, Philip Solondz Distinguished Fellow at The Washington Institute
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Apple named hardware chief John Ternus as the iPhone maker’s next leader, with Chief Executive Officer Tim Cook shifting to the role of executive chairman.

Ternus, 50, will become CEO on Sept. 1, the company said in a statement Monday. The Apple veteran was head of hardware engineering since 2021 and has spent 25 years focused on product development at the iPhone maker. Bloomberg News previously reported that Ternus was Cook’s heir apparent.

Ternus’s hardware engineering division will be taken over by longtime deputy Tom Marieb, according to a person with knowledge of the matter. He will report to newly named Chief Hardware Officer Johny Srouji. In that role, Srouji is gaining oversight of a newly combined hardware engineering and hardware technologies group.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
Bloomberg News Senior Executive Editor for Global Technology Tom Giles
Bloomberg Intelligence Global Tech Research Head Mandeep Singh
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Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- Liana Baker, Bloomberg News Managing Editor for Deals, discusses Honeywell agreeing to divest its productivity solutions and services business to Brady. Brady will pay $1.4 billion in cash for the business, which is expected to be completed in the second half of this year.
- Scott Howe, CEO of LiveRamp discusses the role of data collaboration in AI, the shift toward more agentic marketing, and how organizations can evaluate their readiness.
- Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist, joins to discuss the fluxation of oil over the last few days. Oil and natural gas prices jumped after renewed risks to energy flows via the Strait of Hormuz threatened to jeopardize much-anticipated peace talks between the US and Iran.
- Uma Moriarity Senior Investment Strategist and Global Head of Sustainability at CenterSquare joins to discuss the state of commercial real estate. In a world of uncertainty, geopolitical risks, inflationary pressures, issues in the private credit space, real estate may be able to offer hard assets, inflation protection, portfolio components of both income and growth, and lower correlation to equities/other asset classes.
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Watch Scarlet and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu
-Jake Bleiberg, Bloomberg News Cybersecurity reporter, on how the US government is preparing to make a version of Anthropic PBC’s powerful new artificial intelligence model available to major federal agencies
-Mark Douglas, Mark Douglas, MNTN President and CEO, breaks down Netflix Earnings
-Randall Williams, Bloomberg News sports reporter, on how LIV Golf, the upstart league that challenged the supremacy of the PGA Tour, might be losing its funding from Saudi Arabia
- Jen Rie, Bloomberg Intelligence Antitrust analyst, on Live Nation losing it's antitrust case


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Netflix gave a forecast for the second quarter that fell short of analysts expectations, sending the shares down in extended trading. The streaming pioneer also announced that chairman and co-founder Reed Hastings is stepping down from the board after 29 years to pursue philanthropy and personal interests.

Revenue rose 16% in the first three months of the year to $12.3 billion, compared with estimates for $12.2 billion, the company said in a statement on Thursday. Earnings per share for the quarter were $1.23 compared with estimates of 76 cents.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
Bloomberg Intelligence senior media analyst Geetha Ranganathan
Eric Clark, Accuvest Global Advisors CIO and LOGO ETF Portfolio Manager
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