Bloomberg Talks

U.S. Energy Secretary Chris Wright, a key figure in shaping energy strategies, dives into the nexus of energy production and artificial intelligence. He argues that natural gas, nuclear, and coal will power the AI arms race. Wright reflects on the accountability of energy loans under previous administrations and emphasizes the importance of revitalizing U.S. energy production. He underscores the need to reduce regulatory hurdles to support energy storage technology and fostering growth in the AI sector.

Mike Wirth, CEO of Chevron, shares insights on the company's recent quarter that showcased a 6% earnings increase and robust shareholder returns. He delves into the complexities of oil price volatility and the strategies needed for long-term investment in deep water projects. Wirth also discusses the upcoming arbitration related to the Hess acquisition, expressing confidence in its outcome. Additionally, he highlights the Tangiz oil field's production capabilities and Chevron's strong financial position amidst fluctuating market conditions.

Stephan Miran, Chairman of the Council of Economic Advisers, shares insights on the latest jobs report and the economic implications following recent policies. He discusses the complexities of U.S.-China trade negotiations and the market's desire for substantial progress. Miran also explains the significance of Japan's treasury holdings and the administration's strategies for growth, including tax relief and deregulation. The conversation wraps with a lighthearted jab at tax breaks, adding a touch of humor to the serious topics.

Claudia Sahm dives into the latest jobs data, discussing its implications amidst rising trade tensions and recession fears. She emphasizes how recent GDP declines don't necessarily predict economic downturns. The conversation highlights the balancing act policymakers must perform to tackle inflation and job market challenges. Additionally, Sahm examines the uncertainty surrounding corporate earnings and the complexities of interpreting economic data. Insights on wage growth trends also bring an optimistic note to the discussion.

Gene Seroka, Executive Director of the Port of Los Angeles, shares insights on the challenges faced by the shipping industry amid economic uncertainties. He discusses the significant drop in cargo volume and its effects on longshoremen, emphasizing the need for proactive fiscal policies to navigate high tariffs. Seroka also highlights how tariffs impact local manufacturing and logistics, stressing the struggle of small importers. He addresses the ongoing supply chain crisis, worker morale, and the strategic preparations necessary for future cargo demand.

Marc Lipschultz, Co-CEO and co-founder of Blue Owl Capital, shares insights on the company's innovative data center business and his excitement for The Stargate Project, aimed at enhancing AI infrastructure. He discusses how Blue Owl's diversified model sets it apart from tech stocks, particularly in the context of growing demand for data centers. The conversation also highlights the changing dynamics in credit markets and how strategic partnerships are crucial for stability, even during economic uncertainty.

Gene Munster, co-founder and managing partner at Deepwater Asset Management, dives into the financial health of tech giants Apple and Amazon. He discusses the reassuring profitability of major tech firms and contrasting investment strategies of Microsoft and Meta due to AI advancements. Munster predicts Amazon's cloud business will thrive amid growing AI demand. He also addresses Apple's upcoming earnings amidst economic uncertainties, including tariff impacts and supply chain challenges, highlighting confidence in Tim Cook's leadership.

Liz Ann Sonders tackles the current market landscape influenced by shifting economic data. The conversation highlights recent volatility, especially concerning the S&P 500 amidst global tensions. Sonders discusses how retail and institutional investors are reacting differently in today's uncertain climate. With GDP and inflation metrics in focus, she examines the implications for future rate cuts and the broader economic outlook. Together, they break down the intricacies of market dynamics and the challenges ahead.

Dan Ives emphasizes Elon Musk's strategic shift towards concentrating on Tesla rather than government matters. The conversation dives into the anticipated revenue growth spurred by AI across major tech companies. Insights about Microsoft's stock surge linked to AI investments and the upcoming Apple earnings report add depth, as do the discussions on Tesla's future and the search for a new CEO. Musk's leadership and commitment to Tesla amid market challenges are positioned as critical factors for the company's evolving landscape.

Senator Elizabeth Warren, a Massachusetts Democrat, says the Trump administration's tariffs have delivered a "body blow" to the US economy. Senator Warren also commented on the Federal Reserve's monetary policy. She spoke to Bloomberg's Joe Mathieu and Kailey Leinz.See omnystudio.com/listener for privacy information.