Bloomberg Intelligence

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu -Lee Klaskow, Bloomberg Intelligence Senior Transport, Logistics and Shipping Analyst, recaps FedEx earnings. FedEx shares fell after the parcel delivery company posted its first earnings report since completing the spinoff of its freight unit earlier this month. Results seem to have fallen short of investor expectations after a strong run-up in the first half of the year. -Ryan Ward, BloombergNEF Weather Associate, discusses how AI is modeling mega storms with surprising accuracy. AI hurricane forecasts faced a first stress test in 2025: Hurricane Melissa, the strongest Category 5 hurricane in the modern era. AI models are trained on historical data, meaning a storm of this magnitude was not in the training set and potentially not predictable.-Linda Cohn, ESPN Sportscenter Anchor, discusses retiring after 34 years at ESPN. Hall of Fame sportscaster Linda Cohn has served as a SportsCenter anchor since joining ESPN in 1992. She is ESPN’s longest-tenured SportsCenter anchor and in early 2016 was recognized for anchoring her 5,000th SportsCenter, the most of any anchor in ESPN history. In 2017, she was inducted into the National Sports Media Association (NSMA) Hall of Fame.See omnystudio.com/listener for privacy information.

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu -Kevin Crowley, Bloomberg News Big Oil Reporter, discusses Chevron Corp. signing a 20-year deal with Microsoft Corp. to provide natural-gas fired power for a proposed West Texas data center. The proposed plant, Project Kilby, is expected to start producing power by 2028 and will ramp up to 2.67 gigawatts over time, enough to power more than 530,000 Texas homes.-Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals Analyst, discusses AbbVie agreeing to buy Apogee Therapeutics for $10.9 billion to bolster its anti-inflammatory drug portfolio. The acquisition is expected to close in the third quarter and reflects a roughly 49% premium to Apogee’s closing price of $90.38 on Thursday.-Spencer Liberman, Bloomberg Intelligence Analyst, Industrials and Materials, discusses CRH agreeing to acquire US construction services company Arcosa for $8.5 billion in what is a record deal for the Irish building materials provider. -Dennis Lockhart, Former Atlanta Fed President, discusses the life of Alan Greenspan. Alan Greenspan, the former Federal Reserve chairman, has died at the age of 100 due to complications of Parkinson’s disease. Greenspan served as Fed chief for 18 years, from 1987 to 2006, and was known for guiding a record US economic expansion, but his legacy was later dimmed by the financial crisis that erupted after he stepped down.See omnystudio.com/listener for privacy information.

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.  Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu  Antonio Neri, HPE CEO, discusses the latest company news. Hewlett Packard Enterprise Co. introduced new networking gear for artificial intelligence data centers, building on the products it acquired from Juniper Networks. HPE unveiled networking switches that are specialized for inferencing, or running AI workloads, and said Siemens Energy AG will use a collection of AI technologies it has built with Nvidia Corp.  Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses the latest at SpaceX and OpenAI. SpaceX shares declined for the first time since its record initial public offering, snapping a three-day rally that vaulted it past Amazon.com Inc. as the world’s fifth-largest stock. According to Bloomberg Intelligence: OpenAI’s losses of about $34 billion, coupled with the lowering of its token pricing for its latest model, show the company’s focus on expanding beyond consumer and into enterprise use cases, including coding-agent and LLM APIs, where Anthropic and Cursor (bought by SpaceX) have higher market share.  Michael Dean, Bloomberg Intelligence Head of Global Autos, discusses BMW saying its profit margin could dwindle to as little as 1% this year due to weakening Chinese demand and fallout from the Middle East conflict. The company plans additional cost savings beyond those announced this year, which will weigh on its business during the second half of the year.  Poonam Goyal, Senior U.S. E-Commerce and Retail Analyst at Bloomberg Intelligence, discusses Bloomberg Intelligence’s deep dive into E-Commerce. According to BI: Artificial intelligence is pushing US e-commerce into its next growth phase, with sales topping $2 trillion next year and nearing $2.6 trillion by 2030, despite pressure from tariffs and inflation. Amazon.com remains dominant, but Walmart, EBay, Wayfair, Temu, Shein, Etsy and Shopify-enabled merchants are widening competition through fulfillment, product data and agent-led shopping. See omnystudio.com/listener for privacy information.

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu-Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, discusses Fox agreeing to acquire Roku Inc. in a deal valued at about $22 billion including debt, creating a new television juggernaut and marking a big push into ad-supported streaming.-Anurag Rana, Bloomberg Intelligence Technology Analyst, discusses Salesforce agreeing to buy Fin, a firm that develops artificial intelligence-powered customer agents, for about $3.6 billion as the software company works to win new business for enterprise AI.-Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses the US government ordering Anthropic to disable access to its most advanced AI platforms for all foreign nationals after discovering it's possible to "jailbreak" the Fable 5 AI model.-Carmen Reinicke, Bloomberg Equities Reporter, discusses the Bloomberg Big Take story: “The $12 Trillion Stock Squeeze Gives Way to IPO Market Boom.” The US stock market is poised to see a surge in new equity issuance, with IPOs, secondary offerings, and other share sales expected to add roughly $1.5 trillion of stock to the market over the next two years. Companies such as SpaceX, OpenAI, and Anthropic are leading the charge, with plans to raise hundreds of billions of dollars in capital to fund their expansion and meet the enormous spending demands of the artificial-intelligence boom.See omnystudio.com/listener for privacy information.

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Scarlet Fu, Alexandra Semenova, and John Tucker- Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst, recaps Dell earnings. Dell Technologies shares surged after the company gave an outlook for annual sales that far surpassed analysts’ estimates, fueled by demand for servers that power artificial intelligence work.-Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses the latest at Anthropic. Anthropic PBC raised $65 billion in a funding round that valued the artificial intelligence company at $965 billion including the new investment.-George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses the latest at SpaceX and Blue Origin. SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter. Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad, dealing a major setback to the company.-Matt Henriksson, Bloomberg Intelligence Senior Equity Analyst, discusses Bloomberg Intelligence’s Diabetes deep dive. According to BI: Continuous glucose monitors and insulin pumps markets each can generate annual growth rates above double digits through 2030, having emerged as the standard of care. Automated sensing and insulin delivery offer sustainable growth for Dexcom and Abbott Laboratories in CGMs andInsulet, MiniMed, Beta Bionics and Tandem Diabetes Care in pumps.See omnystudio.com/listener for privacy information.

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Alexandra Semenova-Jake Silverman, Bloomberg Intelligence Semiconductor Analyst, discusses a surge in memory-chip stocks intensifying, sending the market capitalizations of SK Hynix and Micron Technology above $1 trillion for the first time. Investors are betting the AI boom will lead to a sustained revaluation of the industry.-Sid Philip, Bloomberg Chief Correspondent for Global Aviation, discusses Boeing raising production on its 737 Max jet. Boeing CEO Kelly Ortberg said it’s a key step to improve profitability and generate cash.-Mary Ross Gilbert, Bloomberg Intelligence, Senior Equity Analyst, Covering Retail, recaps earnings from Abercrombie & Fitch. The apparel retailer reported first-quarter adjusted earnings per share that beat and maintained its outlook for the year. -Lindsay Dutch, Bloomberg Intelligence Consumer Hardlines Senior Analyst, recaps earnings from Dick's Sporting Goods and Bath & Body works. According to Bloomberg Intelligence: Dick's Sporting Goods' has strong momentum for its legacy business heading into the summer and back-to-school shopping seasons, with the World Cup a possible catalyst for further same-store sales surprises following fiscal 1Q's stronger-than-expected 6% gain.See omnystudio.com/listener for privacy information.

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Scarlet Fu and Isabelle Lee-Deborah Aitken, Bloomberg Intelligence Luxury Goods Analyst, discusses Estée Lauder and Puig ending merger talks. Estée Lauder said it remains focused on its Beauty Reimagined strategy.-George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses SpaceX’s IPO.According to Bloomberg Intelligence: SpaceX dominates global spaceflight, but most missions support its own satellite-internet business rather than external customers, slowing launch-revenue growth in 2026 despite a $4.1 billion base in 2025. -Liz Hart, President of Leasing for North America at Newmark, discusses the state of commercial real estate. Topics include economic uncertainty, consumer sentiment, and office space.See omnystudio.com/listener for privacy information.

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu- Jennifer Bartashus, Bloomberg Intelligence Senior Analyst, Retail Staples & Packaged Food, recaps Target earnings. Target Corp.'s comparable sales jumped 5.6% last quarter, the biggest increase since the end of 2021 and triple the gain analysts were expecting. The company raised its annual revenue guidance by 2 percentage points to about 4%, but executives warned of tougher comparisons and more cost challenges ahead.-Mary Ross Gilbert, Bloomberg Intelligence, Senior Equity Analyst, Covering Retail, discusses TJX Earnings. TJX Cos. raised its sales growth expectations for the year as cautious shoppers spend on lower priced goods at the company's discount chains. The company's comparable sales from its stores and e-commerce sites are now seen expanding as much as 4%, up from previous guidance for an increase of as much as 3%.-Drew Reading, Bloomberg Intelligence U.S Homebuilding Analyst, recaps Lowe's earnings. Lowe’s Cos. reported sales growth in the first quarter that just missed estimates, with comparable sales rising 0.6% during the period. The company kept its full-year outlook unchanged, citing productivity boosts from artificial intelligence, and expects to offset higher transportation costs through productivity initiatives.-Matthew Schettenhelm, Bloomberg Intelligence Media Litigation Analyst, discusses a jury rejecting Elon Musk's claims that OpenAI betrayed its mission to benefit the public by morphing into a for-profit business, finding that he waited too long to sue the company. The verdict is a major relief for OpenAI as it eyes a potential initial public offering, and Musk and his lawyers have vowed an  appeal.  See omnystudio.com/listener for privacy information.