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 on US politics, foreign relations, business, financial markets and global economics. The show is recorded at 5 AM 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 on US politics, foreign relations, business, financial markets and global economics. The show is recorded at 5 AM 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

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.

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) Three candidates endorsed by Zohran Mamdani swept to victory in Democratic congressional primaries on Tuesday, showing that the coalition which powered the New York City mayor to a surprising victory last year is gaining strength. Former New York City Comptroller Brad Lander, New York state lawmaker Claire Valdez, and community organizer Darializa Avila Chevalier won in their respective congressional districts, toppling some of the city's most established political figures. The victories were viewed as a test of Mamdani's political strength and appear to have paid off, with the mayor's allies winning in key races and the Democratic Socialists of America expanding its political power at the local and national level.   

2) President Trump said Iran will be able to use funds released from frozen accounts only to purchase food and medical supplies from the US. Iran disputed Trump's comments, saying the funds would be used "freely, in whatever manner it deems appropriate," rather than being restricted to purchases from the US. The US and Iran are making progress in peace negotiations, but outstanding issues, including Israel's conflict with Iran-backed Hezbollah in Lebanon, stand in the way of a firm deal.   

3) Elon Musk's SpaceX sold $25 billion of investment-grade bonds, replacing costly debt that had helped finance Musk's acquisition of X and expensive loans and bonds issued by xAI. The bond sale will result in SpaceX paying $1.5 billion of interest annually, compared to the $1.8 billion that X and xAI would have spent to service their debt if they hadn't been folded into SpaceX. The bond offering was supported by investors, with $89 billion of orders received at its peak, and will be used to refinance a $20 billion bridge facility and for general corporate purposes.

Today's top stories, with context, in just 15 minutes.&nbsp; &nbsp; On today's podcast:&nbsp; &nbsp; 1) Three candidates endorsed by Zohran Mamdani swept to victory in Democratic congressional primaries on Tuesday, showing that the coalition which powered the New York City mayor to a surprising victory last year is gaining strength. Former New York City Comptroller Brad Lander, New York state lawmaker Claire Valdez, and community organizer Darializa Avila Chevalier won in their respective congressional districts, toppling some of the city's most established political figures. The victories were viewed as a test of Mamdani's political strength and appear to have paid off, with the mayor's allies winning in key races and the Democratic Socialists of America expanding its political power at the local and national level.&nbsp; &nbsp; 2) President Trump said Iran will be able to use funds released from frozen accounts only to purchase food and medical supplies from the US. Iran disputed Trump's comments, saying the funds would be used "freely, in whatever manner it deems appropriate," rather than being restricted to purchases from the US. The US and Iran are making progress in peace negotiations, but outstanding issues, including Israel's conflict with Iran-backed Hezbollah in Lebanon, stand in the way of a firm deal.&nbsp; &nbsp; 3) Elon Musk's SpaceX sold $25 billion of investment-grade bonds, replacing costly debt that had helped finance Musk's acquisition of X and expensive loans and bonds issued by xAI. The bond sale will result in SpaceX paying $1.5 billion of interest annually, compared to the $1.8 billion that X and xAI would have spent to service their debt if they hadn't been folded into SpaceX. The bond offering was supported by investors, with $89 billion of orders received at its peak, and will be used to refinance a $20 billion bridge facility and for general corporate purposes.

Mamdani Allies Sweep Primary Elections; Trump Pushes Back On Iran

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e1efa884-c54a-4216-bed1-b473009f34f6/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Iran said $12 billion of its frozen funds were set to be released as part of ongoing talks with the US, with the two sides broadly signaling progress in negotiations to formally end their war. The unfreezing of funds — as well as the US waiving sanctions on Iranian oil exports and pledging to help set up a $300 billion rehabilitation fund for Iran — has provoked criticism of President Trump. The US and Iran have agreed to set up technical working groups to deal with issues such as unwinding sanctions on the Islamic Republic and curbing its enrichment of uranium.
2) Keir Starmer resigned as UK prime minister after two years in office, and the UK could be set for a quick transition to a new premiership as rivals t o frontrunner Andy Burnham stand aside. Burnham was sworn in as an MP, with the former mayor of Manchester positioned to become Labour’s next leader. The coming switch means the UK will soon have its seventh prime minister in the 10 years since the Brexit vote. Burnham could potentially become prime minister by July 17 if he faces no challengers
3) Tributes to former Federal Reserve Chairman Alan Greenspan poured in after the news of his death early Monday, with many describing him as a driving force for change at the Fed and a guiding light for investors. Greenspan's former colleagues credit him for ensuring the central bank remained focused on inflation, spotting the impact of a productivity boom in the 1990s and shaking up how the Fed communicates. Greenspan's legacy is clouded by the 2008-09 global financial crisis, with critics saying he missed the build-up of a housing bubble that ultimately caused the worst economic downturn since the Great Depression.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Iran said $12 billion of its frozen funds were set to be released as part of ongoing talks with the US, with the two sides broadly signaling progress in negotiations to formally end their war. The unfreezing of funds &mdash; as well as the US waiving sanctions on Iranian oil exports and pledging to help set up a $300 billion rehabilitation fund for Iran &mdash; has provoked criticism of President Trump. The US and Iran have agreed to set up technical working groups to deal with issues such as unwinding sanctions on the Islamic Republic and curbing its enrichment of uranium. 2) Keir Starmer resigned as UK prime minister after two years in office, and the UK could be set for a quick transition to a new premiership as rivals t o frontrunner Andy Burnham stand aside. Burnham was sworn in as an MP, with the former mayor of Manchester positioned to become Labour&rsquo;s next leader. The coming switch means the UK will soon have its seventh prime minister in the 10 years since the Brexit vote. Burnham could potentially become prime minister by July 17 if he faces no challengers 3) Tributes to former Federal Reserve Chairman Alan Greenspan poured in after the news of his death early Monday, with many describing him as a driving force for change at the Fed and a guiding light for investors. Greenspan's former colleagues credit him for ensuring the central bank remained focused on inflation, spotting the impact of a productivity boom in the 1990s and shaking up how the Fed communicates. Greenspan's legacy is clouded by the 2008-09 global financial crisis, with critics saying he missed the build-up of a housing bubble that ultimately caused the worst economic downturn since the Great Depression.

Iran To Unlock $12 Billion; Alan Greenspan's Legacy

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/cdab2ce1-45f5-4cff-bf31-b472009d40d2/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Keir Starmer said he would step down as Britain’s prime minister, marking a precipitous fall from favor two years after leading the Labour Party back to power with a landslide majority. Starmer’s departure paves the way for Andy Burnham to attempt to take over as successor, after the long-time mayor of Manchester won a parliamentary seat last week in order to mount a challenge. Starmer’s exit opens the door to Britain’s fifth premier since 2022: a jarring milestone for a political system which once prized itself on its stability. 
2) Iran said there had been “major progress” in all-night discussions with the US as the warring sides try to reach a peace deal within two months. Iranian Foreign Minister Abbas Araghchi said the mediators, Qatar and Pakistan, had managed to ease some of the tensions over Lebanon, and Iran was beginning to see financial benefits from last week’s memorandum of understanding. Negotiations are set to continue throughout this week, with lower-level delegates discussing technical matters, and a resolution to the fighting in Lebanon will be decisive for the success of the US-Iran talks.
3) Colombia elected conservative lawyer Abelardo de la Espriella president, heralding a swing back to business-friendly and pro-US policies after four years of leftist rule. De la Espriella had 49.7% of the vote to Senator Iván Cepeda’s 48.7%, with 99.9% of polling stations reporting, in one of the closest results in the nation’s history. The final, confirmed result is expected toward the end of the week, after a review process that begins at the municipal level and moves to regional commissions and the national stage.
4) Alan Greenspan, the Federal Reserve chairman proclaimed a wizard for guiding a then-record US economic expansion, only to see his luster dimmed by the financial crisis that erupted less than two years after he stepped down, has died. He was 100.
He died on Monday at his home, NBC News reported, citing his wife, Andrea Mitchell, its chief Washington correspondent and chief foreign affairs correspondent. The cause was complications of Parkinson’s disease.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Keir Starmer said he would step down as Britain&rsquo;s prime minister, marking a precipitous fall from favor two years after leading the Labour Party back to power with a landslide majority. Starmer&rsquo;s departure paves the way for Andy Burnham to attempt to take over as successor, after the long-time mayor of Manchester won a parliamentary seat last week in order to mount a challenge. Starmer&rsquo;s exit opens the door to Britain&rsquo;s fifth premier since 2022: a jarring milestone for a political system which once prized itself on its stability. 2) Iran said there had been &ldquo;major progress&rdquo; in all-night discussions with the US as the warring sides try to reach a peace deal within two months. Iranian Foreign Minister Abbas Araghchi said the mediators, Qatar and Pakistan, had managed to ease some of the tensions over Lebanon, and Iran was beginning to see financial benefits from last week&rsquo;s memorandum of understanding. Negotiations are set to continue throughout this week, with lower-level delegates discussing technical matters, and a resolution to the fighting in Lebanon will be decisive for the success of the US-Iran talks. 3) Colombia elected conservative lawyer Abelardo de la Espriella president, heralding a swing back to business-friendly and pro-US policies after four years of leftist rule. De la Espriella had 49.7% of the vote to Senator Iv&aacute;n Cepeda&rsquo;s 48.7%, with 99.9% of polling stations reporting, in one of the closest results in the nation&rsquo;s history. The final, confirmed result is expected toward the end of the week, after a review process that begins at the municipal level and moves to regional commissions and the national stage. 4) Alan Greenspan, the Federal Reserve chairman proclaimed a wizard for guiding a then-record US economic expansion, only to see his luster dimmed by the financial crisis that erupted less than two years after he stepped down, has died. He was 100. He died on Monday at his home, NBC News reported, citing his wife, Andrea Mitchell, its chief Washington correspondent and chief foreign affairs correspondent. The cause was complications of Parkinson&rsquo;s disease.

UK Prime Minister Resigns; Alan Greenspan Dies at 100

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5aa96639-5a34-4a24-ae54-b471009ea033/transcript

Instant Reaction: Meta's Outlook Spooks Investors

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