Bloomberg Businessweek

Mandeep Singh, a Senior Tech Analyst at Bloomberg Intelligence, shares insights on the robust earnings of Microsoft and Meta Platforms during a jittery economic phase. Ed Ludlow, co-host of Bloomberg Technology, emphasizes how advertising spending remains strong despite broader cuts, particularly for Meta. James Cakmak, CIO at Clockwise Capital, discusses Qualcomm's cautious revenue predictions amidst trade war concerns. The conversation underscores the adaptability of tech giants and the importance of AI investments in navigating market challenges.

Gina Martin Adams, Chief Equity Strategist at Bloomberg Intelligence, analyzes market trends and investor sentiment following the first 100 days of Trump's presidency. Kunjan Sobhani, Senior Semiconductor Analyst, dives into developments in the semiconductor industry, discussing Nvidia's influence and the competitive landscape. Jennifer Welch, Chief Geo-economics Analyst, sheds light on the evolving U.S.-China rhetoric and its implications on global trade. Together, they explore economic policies, tech earnings, and the shifting dynamics in international relations.

Shari Redstone wanted to know what 60 Minutes was going to say next about President Donald Trump. The CBS newsmagazine aired two segments involving Trump on April 13 that angered the president, one on his plans to take over Greenland and another an interview with Ukraine President Volodymyr Zelenskiy that discussed US policy in the region. Trump immediately lashed out on social media, saying 60 Minutes should “pay a big price” for its frequent reporting on him, which he called “fraudulent.” Following Trump’s post, Redstone, who is the chair of CBS’ parent company Paramount Global, had a conversation with CBS Chief Executive Officer George Cheeks to discuss 60 Minutes’ upcoming slate of stories about the president. Redstone indicated which ones she thought were fair and those that could be problematic, according to CBS employees Bloomberg spoke with. 60 Minutes didn’t change its plans based on her feedback, the employees said. The network aired a segment Sunday about Trump’s cuts to the National Institutes of Health. Still, Executive Producer Bill Owens announced to his staff last week that he’s leaving, citing corporate interference at the most-watched TV news program in the US. The 37-year CBS News veteran said in a memo to staff that it had become clear he “would not be allowed to run the show as I have always run it. To make independent decisions based on what was right for 60 Minutes, right for the audience.” Also on Sunday night, correspondent Scott Pelley closed out the show with an explanation for Owens’ departure. “Paramount began to supervise our content in new ways,” Pelley told viewers. “None of our stories has been blocked, but Bill felt he had lost the independence that honest journalism requires. No one here is happy about it.” Owens’ exit is the culmination of months of conflict between Redstone and CBS’ news division, during which the billionaire publicly criticized its decision-making and privately pushed for leadership changes, according to interviews with almost a dozen current and former Paramount employees, most of whom asked to not be identified discussing internal company business. Redstone, Owens and Cheeks all declined to comment. Semafor reported earlier some details about Redstone’s request to hear about upcoming stories.For more on this story, Tim Stenovec and Emily Graffeo speak with Bloomberg News Entertainment Reporter Lucas ShawSee omnystudio.com/listener for privacy information.

Michael Halen, a senior restaurant and food service analyst at Bloomberg Intelligence, discusses Starbucks’ recent earnings and its strategies for recovery amidst declining sales. Michael Green, a Portfolio Manager at Simplify Asset Management, shares insights on navigating economic risks and the stock market's paradoxical gains. The conversation also touches on Eli Manning's potential bid for the New York Giants, highlighting the trend of former players moving into ownership roles and the implications of Amazon's tariff label controversy on pricing transparency.

Angela Stent, a Senior Fellow at the Brookings Institution and expert on Russia, analyzes President Trump's evolving rhetoric on Ukraine and its peculiar alignment with Kremlin narratives. Nathan Dean, a Bloomberg Intelligence analyst, discusses the stakes of proposed tax cuts and the challenges ahead for reconciliation as midterms loom. Esha Dey, Bloomberg News reporter, shares insights on Trump's first 100 days marked by significant market volatility, reflecting broader economic uncertainties. Together, they delve into the intricate dance of politics and economics shaping today's landscape.

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."Hosted by Carol Massar and Tim StenovecHear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 92.9 FM Boston, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News.Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BWSee omnystudio.com/listener for privacy information.

Mike McKee, an economics correspondent, dives into market trends influenced by tech giants as Zach Wasserman shares insights on Huntington Bank's performance amid tariff uncertainties. Wealth reporter Devin Pendleton discusses ultra-rich investment habits, while Adrianne Yamaki offers strategic advice for navigating market fluctuations. The conversation covers consumer sentiment fears, potential fallout from U.S.-China trade relations, and how political uncertainties shape business operations, offering a comprehensive look at today's economic climate.

Caroline Pham, the Acting Chair of the Commodity Futures Trading Commission, dives deep into the current state of commodities and derivatives markets amidst volatility. She discusses the effectiveness of margin reforms and the prospect of continuous 24/7 trading. Pham also highlights the importance of regulatory collaboration between the CFTC and SEC for clearer cryptocurrency frameworks. Additionally, she addresses the challenges of maintaining market integrity in an evolving digital asset landscape, including the scrutiny of new cryptocurrencies.

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump said his administration was talking with China on trade, after Beijing denied the existence of negotiations on a deal and demanded the US revoke all unilateral tariffs. “They had a meeting this morning,” Trump said Thursday during a meeting with Norway’s prime minister when a reporter asked about the Chinese statement. Pressed on which administration officials were involved in discussions, the US president said, “it doesn’t matter who ‘they’ is. We may reveal it later, but they had meetings this morning, and we’ve been meeting with China.” The exchange exposed the ongoing disconnect between Washington and Beijing, as President Xi Jinping’s government maintains a defiant stance despite Trump’s recent suggestion he could lower tariffs on China. Separately, the US will demand that Russia accept Ukraine’s right to develop its own, adequately equipped, army and defense industry as part of a peace agreement, according to people familiar with the matter, pushing back on Russia’s insistence that the country largely demilitarize as a condition to end the war. Meanwhile Google parent Alphabet and Intel reported quarterly earnings after the close of US trading Thursday. Alphabet reported first-quarter revenue and profit that exceeded analysts’ expectations, buoyed by continued strength in its search advertising business. First-quarter sales, excluding partner payouts, were $76.5 billion, the company said Thursday in a statement. Analysts had expected $75.4 billion on average, according to data compiled by Bloomberg. Net income was $2.81 per share, compared with Wall Street’s estimate of $2.01. Alphabet needs to ensure momentum in its internet search advertising and cloud businesses in order to justify its heightened investment in the artificial intelligence race. Competition is prompting the company and its rivals to spend heavily on infrastructure, research and talent. While Google benefits from AI startups spending on its cloud and business tools, it’s also racing to present an answer to popular conversational AI chatbots, which consumers are beginning to think of as an alternative to using Google Search. Intel Corp., the chipmaker attempting a comeback under new Chief Executive Officer Lip-Bu Tan, gave a weak forecast for the current period and said it’s cutting workers to bring costs in line with the business’s smaller size. Second-quarter revenue will be between $11.2 billion and $12.4 billion, the company said in a statement Thursday. That was well short of the $12.9 billion average analyst estimate. The cost-cutting plan will involve “eliminating management layers” to enable it to make faster decisions, Intel said. The company doesn’t yet have an estimate for the one-time expenses associated with the cuts, but expects operating costs to be reduced to about $17 billion this year and $16 billion in 2026. Bloomberg News reported this week that Intel is planning to slash its employee ranks by more than 20%. Today's show features: Ed Price, Senior Fellow (non-resident) at New York University and Former British Trade Official Sheila Kahyaoglu, Jefferies Managing Director in Equity Research Mark Douglas, MNTN President and CEO and Mandeep Singh, Bloomberg Intelligence Senior Tech Industry Analyst, on Alphabet earnings Ed Ludlow, Bloomberg Technology Co-Host, on Intel earnings See omnystudio.com/listener for privacy information.

Mandeep Singh, Senior Tech Industry Analyst at Bloomberg Intelligence, unpacks Alphabet's impressive quarterly performance, with revenue surpassing expectations thanks to strong search advertising. He discusses Google's strategic pivots in the face of AI competition and how the company is adapting to maintain profitability. The conversation highlights Google's robust growth in cloud computing and the implications for its financial outlook, emphasizing the ongoing evolution of advertising dynamics in a rapidly changing tech landscape.