About this episode

The episode discusses GM's improved earnings outlook and the implications of a federal judge's ruling on Paramount's acquisition of Warner Bros.

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.  Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu -David Welch, Bloomberg Detroit Bureau Chief, discusses GM earnings. General Motors raised its full-year profit forecast by another $500 million after beating second-quarter earnings estimates, powered by stronger margins on its largest vehicles and lower tariff costs. The company now expects its earnings before interest and taxes of as much as $16 billion this year, and Chief Executive Officer Mary Barra said she sees that positive momentum continuing into next year. -Chris Palmeri, Bloomberg News Senior Editor and Entertainment Team Leader, discusses a federal judge temporarily pausing Paramount Skydance Corp.’s takeover of Warner Bros. Discovery Inc., saying it “likely” violates antitrust law. The judge ordered the companies to hold off on consummating the deal for 14 days and scheduled an Aug. 3 hearing on whether to extend the hold for longer. A group of states sued Paramount Skydance Corp. seeking to block its bid to buy Warner Bros. Discovery Inc., alleging the deal would leave viewers with higher prices and fewer…

People in this episode

Hosts: Paul Sweeney, Scarlet Fu

Guests: David Welch, Chris Palmeri, Scott Rechler

Topics covered

• General Motors
• earnings report
• antitrust law
• commercial real estate
• premium pricing
• big trucks
• NYC market

Keywords

• General Motors
• earnings forecast
• premium pricing
• antitrust
• commercial real estate
• NYC office market
• Mary Barra
• David Welch
• Chris Palmeri
• Scott Rechler

Mentioned in this episode

Organizations: General Motors, Paramount Skydance Corp., Warner Bros. Discovery Inc., Bloomberg News, RXR

Places: NYC

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