ICYMI: Climate Progress in the Face of Federal Opposition
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Carol Massar and Tim Stenovec speak with Gina McCarthy, Former White House Climate Advisor and EPA Administrator. They discuss President Trump's second term so far, the 'America is All In' coalition, and her take on climate progress in the absence of federal leadership.See omnystudio.com/listener for privacy information.
Microsoft Corp. reported better-than-expected sales and profit, suggesting customer demand hasn’t been rattled by tariffs and wider economic uncertainty. Total revenue in the fiscal third quarter increased 13% to $70.1 billion, while adjusted profit was $3.46 a share, the company said in a statement Wednesday. Analysts on average estimated sales of $68.5 billion and adjusted per-share earnings of $3.21.Meta Platforms Inc. posted first-quarter sales that beat Wall Street estimates, a sign that the company’s advertising business is so far weathering the Trump administration’s ongoing trade war. Sales were $42.3 billion in the first quarter, the maker of Facebook and Instagram said Wednesday. That beat analysts’ estimates for $41.4 billion for the quarter ended March 31. The company also said current-quarter revenue will be in line with analysts’ expectations, and that it will boost spending as it continues to invest in artificial intelligence.Qualcomm Inc., the biggest maker of chips that run smartphones, gave a tepid revenue prediction for the current quarter, underscoring concerns that tariffs will hurt demand for its products. Revenue in the period ending in June will be $9.9 billion to $10.7 billion, the company said Wednesday in a statement. The midpoint of that range was slightly below the average analyst estimate of $10.33 billion. The outlook renews concern that the market for smartphones is suffering from a looming trade war.For instant reaction and analysis to these results, plus other tech earnings, hosts Tim Stenovec and Carol Massar speak with Bloomberg Intelligence senior technology analysts Mandeep Singh and Kunjan Sobhani. Bloomberg Technology Co-Host Ed Ludlow also joins alongside Clockwise Capital Technology Analyst James Cakmak.See omnystudio.com/listener for privacy information.
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Trump 100 Days Recap and Market Moves Ahead of Big Tech Earnings
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Beth Fouhy, Partner at FGS Global, and Hadriana Lowenkron, Bloomberg News National Politics Reporter, recap what we've seen from President Donald Trump's First 100 Days this week. Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst, discusses the broader semiconductor space, comments from Nvidia's Jensen Huang, and Qualcomm. Jennifer Welch, Bloomberg Chief Geo-economics Analyst, explains new China-US rhetoric as Nationalist support for Xi grows. We break down the market moves of the week with Gina Martin Adams, Chief Equity Strategist at Bloomberg Intelligence. And we Drive to the Close with Brooke May, Managing Partner at Evans May Wealth.See omnystudio.com/listener for privacy information.
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ICYMI: Inside the Turmoil at CBS' 60 Minutes
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.
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Tariff Label Confusion, Eli Manning's Giants Bid, Starbucks Turnaround
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.Matt Day, Bloomberg Technology Reporter, joins to discuss the latest from Amazon as it dismissed confusion around potential tariff labels on products. Bloomberg US Sports Business Reporter Randall Williams explains why Eli Manning might make a bid for the New York Giants and how he's setting up an investment group for the 10% minority stake. Jennifer Welch, Bloomberg Chief Geo-economics Analyst, sheds light on China's trade-war perspective and how the government is seeking to shape public opinion. Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst reviews Starbucks earnings out after the bell. And we Drive to the Close with Michael Green, Portfolio Manager with Simplify Asset Management. See omnystudio.com/listener for privacy information.
Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy. Watch us LIVE on YouTube: http://bit.ly/3vTiACF.
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