Bloomberg Intelligence

Listen for instant reaction and analysis of megacap tech earnings from Alphabet and Tesla.

Alphabet reported second-quarter cloud revenue that far surpassed Wall Street’s expectations and said the division’s backlog of contracted business ballooned to more than $500 billion, offering fresh evidence that the company’s massive AI investments are paying off.

Meanwhile, Tesla missed Wall Street’s profit expectations even after a strong quarter of auto sales, a setback for the electric-vehicle maker as it looks to build out new lines of business in robotics, autonomy and AI.

To break down all of this, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
Ed Ludlow, Bloomberg Tech co-host
Keith Naughton, Bloomberg News Auto Reporter
Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research
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- Kelcee Griffis, Bloomberg Telecom Reporter, discusses AT&T earnings. AT&T added 432,000 monthly wireless phone subscribers in the second quarter, better than the 325,264 that Wall Street had projected. The company reported revenue of $31.6 billion, up 2.3% from a year ago, and adjusted earnings per share of 65 cents, surpassing expectations of 59 cents.

- Woo Jin Ho, Bloomberg Intelligence Senior Hardware and Networking Analyst, discusses Super Micro Computer. Super Micro Computer shares rose as much as 25% after the server maker issued preliminary results saying its backlog hit a record on new orders in the quarter of more than $60 billion.

- Ken Shea, Bloomberg Intelligence Senior Consumer Products Analyst, discusses earnings from Philip Morris. Philip Morris International shares hit a record after reporting a boost in demand for its smoke-free products. Shipments of smoke-free products rose in the second quarter, mainly driven by its IQOS heated tobacco devices, and net revenue rose on an organic basis.

- Gautam Mukunda, Lecturer at Yale School of Management and Bloomberg Opinion contributor, discusses his Opinion column: “Regulate AI like We Do the Airline Industry.” The heads of America's leading artificial intelligence companies agree that the AI frontier needs regulation due to the potential risks from biological weapons. The release of Kimi K3, an open-weight model by a Chinese company, highlights the need for regulation, as advanced AI capability is becoming widely available.


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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 choices for movies and television.

-Scott Rechler, CEO and Chairman at RXR, discusses the state of commercial real estate. He discusses the NYC office market, the rise of AI, NYC’s competitiveness, and how RXR is capitalizing in the NYC market and across the country.
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Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses Moonshot AI telling investors it's preparing to list in as early as six months, seeking to tap capital markets after its latest model upended industry perceptions of China's artificial intelligence capabilities.

-Seema Shah, Vice President of Research and Insights at Sensor Tower, discusses DeepSeek preparing for a IPO. DeepSeek has begun preparations for an initial public offering and may file as soon as this year, setting the stage for what could be a landmark debut for the country’s technology industry.

-Surabhi Gupta, Chief Technology Officer of Klaviyo (NYSE: KVYO,) discusses AI. Generative AI is reshaping how companies build software and engage customers, and Klaviyo is putting that technology at the heart of its B2C CRM platform. Surabhi joins to discuss what that transformation looks like in practice.

- Lindsay Dutch, Bloomberg Intelligence Consumer Hardlines Senior Analyst, discusses Bloomberg Intelligence’s latest beauty survey. According to BI: Gen Z stands out in the June beauty survey, with signs of strengthening demand and possibly expanding baskets for the cohort in 2H, in contrast to broader survey results. These young shoppers skew to using a lot of product and favor specialty retailers Ulta Beauty and Sephora rather than the dominant mass channels, likely reflecting unique, on-trend assortments and preference to shop in-store.
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Today's guests are: Hudson Bay Capital Senior Economic Strategist Nouriel Roubini and Goldman Sachs Chief Credit Strategist Amanda Lynam.
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