Bloomberg Daybreak: Europe Edition Daybreak Weekend: Fed Meeting, US Tech, European Defense Earnings
Oct 24, 2025
Mandeep Singh, a Senior tech analyst at Bloomberg Intelligence, dives into upcoming earnings from major tech players like Microsoft and Apple, discussing the impact of AI on investment strategies. Gerry Doyle, Bloomberg's Global Defence Editor, analyzes Europe's defense readiness and industry dynamics, spotlighting joint procurement initiatives and the need for increased defense budgets amidst geopolitical tensions. Together, they explore trends shaping both the tech and defense landscapes, offering insights into future market directions.
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Meta's Big CapEx Risks
- Meta's ROI question grows if CapEx rises toward $100bn for AI infrastructure given limited cloud revenue upside.
- Increased CapEx could intensify scrutiny of ad-driven AI returns.
Europe's Defense Commitment Holds
- Despite geopolitical noise, European politicians remain committed to rising defence spending and autonomy.
- Gerry Doyle says the US appears to be pulling back as a full partner, pushing Europe to invest more domestically.
Europe Lacks Top‑Tier Interceptors
- Europe excels at short and mid‑range air defence but lacks very high‑end intercept systems.
- That leaves dependence on U.S. suppliers for hypersonic and long‑range ballistic missile defence.