Bloomberg Intelligence Caterpillar, European, and Big Tech Earnings
Oct 31, 2025
John Butler, Senior Telecom Analyst, discusses Verizon's consumer-focused strategy and plans for 5G expansion. George Ferguson, Senior Aerospace Analyst, covers Boeing's financial recovery and challenges like the $4.9 billion 777X charge. Lee Klaskow, Senior Transport Analyst, reveals UPS's job cuts and automation strategy to save $3.5 billion. Tim Craighead, Global Chief Content Officer, analyzes the upswing in European tech earnings and defense spending. Peter Werner, Co-chair at Cooley, highlights AI's impact on professional services and future workforce dynamics.
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Episode notes
Verizon's Consumer Pivot
- Verizon plans to pivot from a network-focused to a consumer-focused strategy under new CEO Dan Schulman.
- The company will grow by cross-selling broadband to wireless and pushing fixed wireless and fiber builds.
Spectrum Activation Raises Capacity
- Activating C-band spectrum will increase Verizon's nationwide network speeds and capacity.
- 6G is expected toward 2030, so current changes mainly improve mid-cycle capacity.
Boeing Turning Cash Positive
- Boeing's commercial airplane segment moved closer to break-even despite a $4.9 billion 777X charge.
- Inventory drawdown and rising deliveries should accelerate cash generation.