Marker 6

Bob Muglia, former CEO of Snowflake, discusses his book The Datapreneurs: The Promise of AI and the Creators Building Our Future.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.  

Bob Muglia, former CEO of Snowflake, discusses his book The Datapreneurs: The Promise of AI and the Creators Building Our Future. Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.

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.

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.&nbsp; Watch us LIVE on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Navigating the Future of Artificial Intelligence

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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

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.
&ldquo;They had a meeting this morning,&rdquo; Trump said Thursday during a meeting with Norway&rsquo;s prime minister when a reporter asked about the Chinese statement.
Pressed on which administration officials were involved in discussions, the US president said, &ldquo;it doesn&rsquo;t matter who &lsquo;they&rsquo; is. We may reveal it later, but they had meetings this morning, and we&rsquo;ve been meeting with China.&rdquo;
The exchange exposed the ongoing disconnect between Washington and Beijing, as President Xi Jinping&rsquo;s government maintains a defiant stance despite Trump&rsquo;s recent suggestion he could lower tariffs on China.
Separately, the US will demand that Russia accept Ukraine&rsquo;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&rsquo;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&rsquo; 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&rsquo;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&rsquo;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&rsquo;s cutting workers to bring costs in line with the business&rsquo;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 &ldquo;eliminating management layers&rdquo; to enable it to make faster decisions, Intel said. The company doesn&rsquo;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%.
<ul>
<li>Today's show features:&nbsp; Ed Price, Senior Fellow (non-resident) at New York University and Former British Trade Official</li>
<li>Sheila Kahyaoglu, Jefferies Managing Director in Equity Research</li>
<li>Mark Douglas, MNTN President and CEO and Mandeep Singh, Bloomberg Intelligence Senior Tech Industry Analyst, on Alphabet earnings</li>
<li>Ed Ludlow, Bloomberg Technology Co-Host, on Intel earnings</li>
</ul>

Trump Says US Talking With China; Alphabet and Intel Report

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/056ed99b-6489-41a5-981c-b2c9015ec875/transcript

Google parent 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.The shares, which have declined 16% so far this year, rose more than 3.5% in extended trading following the report.

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.


For instant reaction and analysis, hosts Carol Massar and Tim Stenovec speak with:
Mark Douglas, MNTN President and CEO
Bloomberg Intelligence Senior Tech Industry Analyst Mandeep Singh

Google parent Alphabet reported first-quarter revenue and profit that exceeded analysts&rsquo; 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&rsquo;s estimate of $2.01.The shares, which have declined 16% so far this year, rose more than 3.5% in extended trading following the report.
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&rsquo;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.
 For instant reaction and analysis, hosts Carol Massar and Tim Stenovec speak with:
<ul>
<li>Mark Douglas, MNTN President and CEO</li>
<li>Bloomberg Intelligence Senior Tech Industry Analyst Mandeep Singh</li>
</ul>

Instant Reaction: Alphabet Sales Beat on Google Search Advertising 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ea23220e-6449-45bb-9d23-b2c90159d12c/transcript

Whirlpool Corp. maintained its full-year financial outlook despite uncertainly over global tariffs, saying their long-term impact will benefit its position in the US home-appliance market.

The refrigerator-maker still expects net sales of $15.8 billion, while ongoing earnings should be around $10 per share this year, it said in a statement. It also expects to cut more than $200 million of costs from its business. 

Marc Bitzer, CEO of Whirlpool Corporation, discusses his company's quarterly earnings and path forward.

Whirlpool Corp. maintained its full-year financial outlook despite uncertainly over global tariffs, saying their long-term impact will benefit its position in the US home-appliance market.
The refrigerator-maker still expects net sales of $15.8 billion, while ongoing earnings should be around $10 per share this year, it said in a statement. It also expects to cut more than $200 million of costs from its business.&nbsp; Marc Bitzer, CEO of Whirlpool Corporation, discusses his company's quarterly earnings and path forward.

ICYMI: Whirlpool Corp. CEO Says Tariffs to Benefit Business Going Forward

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/40e5a236-9978-4c90-a1ca-b2c80173101d/transcript

Navigating the Future of Artificial Intelligence

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