Bloomberg Talks

Federal Reserve Governor Stephen Miran shares insights into recent monetary decisions, advocating for a 50 basis point rate cut to move towards a neutral policy stance. He discusses the complexities of financial market signals influenced by factors like AI. Miran highlights that tighter conditions in housing and private credit may not reflect equity market optimism. He also emphasizes the challenge of government shutdowns on data reliability, underlining potential risks from private credit distress.

Jen Wong, COO of Reddit, dives into the platform's surprising advertising growth and international expansion. She reveals how automation and performance enhancements led to a 75% spike in active advertisers. With 55% of Reddit's traffic now from outside the U.S., Wong emphasizes the importance of building local communities through translation and AI. She also clarifies Reddit's focus on advertising over deals with large language models, highlighting the company's robust ad marketplace strategy.

Marc Lipschultz, Co-CEO of Blue Owl Capital, shares insights on the firm’s recent earnings and its partnership with Meta for AI data centers. He explains the reasons behind a post-earnings stock drop despite strong growth. He also discusses the dynamics of private credit yields and the ongoing AI infrastructure investment. Interestingly, Marc notes that while AI boosts efficiency in portfolio companies, it hasn't led to massive layoffs. Finally, he addresses retail investor sentiment, highlighting a trend of increasing wealth inflows into private credit.

Dan Ives, the Global Head of Tech Research at Wedbush Securities, shares his insights on the latest tech earnings and AI strategies shaping the industry. He discusses a surprising iPhone upgrade cycle for Apple, driven by strong sales in China, and speculates on a potential partnership with Google for AI initiatives. Ives also defends Meta's heavy investments in AI as critical for competitiveness and assesses Amazon's cloud performance as a pivotal moment. Lastly, he predicts shareholder approval of Elon Musk's compensation package due to Tesla's AI leadership.

Jeremy Wacksman, CEO of Zillow Group, shares insights into the company's impressive Q3 revenue and its resilient growth amidst fluctuating real estate markets. He discusses Zillow Home Loans' potential and its strategic fit within the business. The conversation also delves into current trends, emphasizing the challenges of affordability and the appeal of renting versus buying. Wacksman highlights the pivotal role rentals play in Zillow's expansion and monetization strategy, showcasing how these factors drive revenue growth.

David Baszucki, the visionary CEO and Founder of Roblox, discusses the platform's record growth and impressive metrics, including daily active users and bookings. He highlights the company's focus on building a robust creator economy and investing in infrastructure despite lower unit costs. Baszucki addresses how they balance safety technology with user growth, revealing innovative age verification methods. He also explores the dynamic gaming landscape, positioning Roblox at the forefront of social and AI-driven experiences, promising exciting future developments.

Brian Niccol, CEO and Chairman of Starbucks, shares insights on the company's transformative 'Back to Starbucks' plan. He reveals a 1% increase in sales, highlighting store renovations and new protein offerings that are attracting more customers. Niccol discusses ambitious expansion in China, aiming to grow from 8,000 to up to 20,000 locations. He also emphasizes enhancing service and retaining margins through strategic growth, focusing on value over price competition. Tune in for a deep dive into what’s brewing behind the scenes at Starbucks!

Chris Wright, the U.S. Energy Secretary, dives into the potential for a groundbreaking energy deal with China following talks with President Trump. He discusses America's capability to fill gaps left by Russian energy exports and the importance of U.S. production. Wright also highlights upcoming efforts in Asia, focusing on nuclear partnerships and energy supply conversations with South Korea. Finally, he addresses the challenges of powering AI while managing electricity prices, emphasizing the need for better infrastructure and policy.

Guillaume Faury, CEO of Airbus, discusses the company's robust quarterly earnings that exceeded forecasts. He shares insights on overcoming supply chain issues, particularly around engine shortages affecting A320 deliveries. Faury expresses confidence in meeting delivery targets for 2025 despite anticipated shortages extending into 2026 and 2027. He also highlights the growth in Airbus's defense sector and a strategic merger plan to strengthen their space operations against competitors like SpaceX.

Jensen Huang, Co-founder and CEO of NVIDIA, and Justin Hotard, President and CEO of Nokia, dive into the groundbreaking partnership aimed at revolutionizing 6G and AI technologies. They discuss NVIDIA's $1 billion investment in Nokia and the strategic advantages of merging AI with telecommunications. The duo emphasizes the speed of innovation and how their collaboration can outpace competitors like Huawei. They also delve into the importance of US tech leadership and the future trajectory of AI, dispelling notions of an AI bubble as they outline a dynamic shift in the industry.