Meta Platforms Inc. increased its spending estimates for the year and projected second quarter sales that were below Wall Street’s expectations, once again raising questions about whether its futuristic tech bets will pay off for investors. 

Bloomberg Radio hosts Carol Massar and Tim Stenovec speak with Bloomberg News contributor Jon Erlichman and Bloomberg Intelligence senior analyst Mandeep Singh for instant analysis and reaction.  

Meta Platforms Inc. increased its spending estimates for the year and projected second quarter sales that were below Wall Street’s expectations, once again raising questions about whether its futuristic tech bets will pay off for investors. 
Bloomberg Radio hosts Carol Massar and Tim Stenovec speak with Bloomberg News contributor Jon Erlichman and Bloomberg Intelligence senior analyst Mandeep Singh for instant analysis and reaction.

Listen for today's top stories, with context, in just 15 minutes. 

Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Bloomberg Daybreak: US Edition

Instant Reaction: Meta's Outlook Spooks Investors

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/1da2db45-7f15-43c1-bef3-b15c0157b4bd/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Iran pressed ahead with attacks on Arab states in the Persian Gulf even after Israel signaled it would refrain from hitting the Islamic Republic’s energy infrastructure, fueling volatility in markets roiled by the war in the oil-rich region.
2) Oil headed for another weekly gain as the war in the Middle East dragged on, with the Strait of Hormuz all-but-closed, strikes continuing across the region, and analysts warning the crisis may deepen.
3) Sanae Takaichi had warned her first summit with Donald Trump in Washington could be “extremely difficult,” after the US asked her to deploy warships to Iran. Instead, she showcased Japan’s deep ties with the US — and her own agility on the world stage. Takaichi smiled politely during the only obvious moment of tension during their Oval Office meeting on Thursday, when Trump referenced the Japanese attack on Pearl Harbor in 1941. Otherwise, the Republican leader praised Takaichi, highlighted new areas of economic cooperation and pledged to speak up for Tokyo when he eventually meets Chinese President Xi Jinping.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Iran pressed ahead with attacks on Arab states in the Persian Gulf even after Israel signaled it would refrain from hitting the Islamic Republic&rsquo;s energy infrastructure, fueling volatility in markets roiled by the war in the oil-rich region. 2) Oil headed for another weekly gain as the war in the Middle East dragged on, with the Strait of Hormuz all-but-closed, strikes continuing across the region, and analysts warning the crisis may deepen. 3) Sanae Takaichi had warned her first summit with Donald Trump in Washington could be &ldquo;extremely difficult,&rdquo; after the US asked her to deploy warships to Iran. Instead, she showcased Japan&rsquo;s deep ties with the US &mdash; and her own agility on the world stage. Takaichi smiled politely during the only obvious moment of tension during their Oval Office meeting on Thursday, when Trump referenced the Japanese attack on Pearl Harbor in 1941. Otherwise, the Republican leader praised Takaichi, highlighted new areas of economic cooperation and pledged to speak up for Tokyo when he eventually meets Chinese President Xi Jinping.

Iran Keeps Striking Gulf; Oil Set for Weekly Surge

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/9a971970-d821-4785-8beb-b413009c8774/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) President Trump sought to stop attacks on energy facilities in the Middle East after Israel and Iran struck key targets, fueling concern that a prolonged war will cause lasting damage to oil and gas infrastructure. Iran unleashed waves of retaliatory strikes on projects in Arab countries across the Persian Gulf overnight into Thursday after its prized South Pars gas field — part of the world’s largest gas field shared with Qatar — came under Israeli fire, jolting markets.
2) A Qatari complex housing the world’s largest liquefied natural gas export plant suffered “extensive damage” amid a sharp escalation of attacks on energy facilities across the Persian Gulf.
3) Federal Reserve Chair Jerome Powell made it clear the US central bank won’t cut interest rates again until inflation resumes cooling. And that’s before it even starts considering the possible impact of the war in the Middle East.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) President Trump sought to stop attacks on energy facilities in the Middle East after Israel and Iran struck key targets, fueling concern that a prolonged war will cause lasting damage to oil and gas infrastructure. Iran unleashed waves of retaliatory strikes on projects in Arab countries across the Persian Gulf overnight into Thursday after its prized South Pars gas field &mdash; part of the world&rsquo;s largest gas field shared with Qatar &mdash; came under Israeli fire, jolting markets. 2) A Qatari complex housing the world&rsquo;s largest liquefied natural gas export plant suffered &ldquo;extensive damage&rdquo; amid a sharp escalation of attacks on energy facilities across the Persian Gulf. 3) Federal Reserve Chair Jerome Powell made it clear the US central bank won&rsquo;t cut interest rates again until inflation resumes cooling. And that&rsquo;s before it even starts considering the possible impact of the war in the Middle East.

Trump Calls for Iran De-escalation; Oil and LNG Jump

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/62c78eae-5ae2-435e-98ce-b412009d832d/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Iranian attacks on Israel and Arab states in the Persian Gulf continued overnight into Wednesday, while President Donald Trump said the US could end the war with the Islamic Republic “in the near future.”Iran launched fresh waves of missile and drone attacks, targeting the United Arab Emirates, Saudi Arabia and Kuwait. It also struck Tel Aviv and killed two people.
2) President Donald Trump is desperate to reopen the Strait of Hormuz to ease a growing global energy crisis. He won’t achieve that easily without a ceasefire in the war on Iran.Iran’s sporadic attacks on vessels and the threat of mines have cut traffic in the vital waterway to a trickle, effectively putting Tehran, not outside naval forces, in charge of the flow. The strait carries about a fifth of the world’s oil supplies, and the disruption has led to production cuts, fuel shortages and price increases from Asia to Europe and Africa.
3) Illinois Lieutenant Governor Juliana Stratton won the Democratic nomination for the state’s US Senate seat on Tuesday, beating a rival who far out-spent her and handing a victory to her boss and potential 2028 presidential candidate, Governor JB Pritzker.With more than 80% of the ballots counted, Stratton garnered 40% while Representative Raja Krishnamoorthi took 33%, according to Decision Desk HQ. Representative Robin Kelly, who some Democrats thought would undercut support for Stratton, trailed with 18%.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Iranian attacks on Israel and Arab states in the Persian Gulf continued overnight into Wednesday, while President Donald Trump said the US could end the war with the Islamic Republic &ldquo;in the near future.&rdquo;Iran launched fresh waves of missile and drone attacks, targeting the United Arab Emirates, Saudi Arabia and Kuwait. It also struck Tel Aviv and killed two people. 2) President Donald Trump is desperate to reopen the Strait of Hormuz to ease a growing global energy crisis. He won&rsquo;t achieve that easily without a ceasefire in the war on Iran.Iran&rsquo;s sporadic attacks on vessels and the threat of mines have cut traffic in the vital waterway to a trickle, effectively putting Tehran, not outside naval forces, in charge of the flow. The strait carries about a fifth of the world&rsquo;s oil supplies, and the disruption has led to production cuts, fuel shortages and price increases from Asia to Europe and Africa. 3) Illinois Lieutenant Governor Juliana Stratton won the Democratic nomination for the state&rsquo;s US Senate seat on Tuesday, beating a rival who far out-spent her and handing a victory to her boss and potential 2028 presidential candidate, Governor JB Pritzker.With more than 80% of the ballots counted, Stratton garnered 40% while Representative Raja Krishnamoorthi took 33%, according to Decision Desk HQ. Representative Robin Kelly, who some Democrats thought would undercut support for Stratton, trailed with 18%.

Iran Vows Revenge; Trump Says War May End Soon

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/14392db0-c147-4c3d-a89e-b411009c01db/transcript

Instant Reaction: Meta's Outlook Spooks Investors

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