(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox.\u0010\u0010GUEST:\u0010Alex Webb, Bloomberg Tech reporter covering all things Apple, on revamping Apple music service and the sputtering smartphone market.

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox.\u0010\u0010GUEST:\u0010Alex Webb, Bloomberg Tech reporter covering all things Apple, on revamping Apple music service and the sputtering smartphone market.

Listen for investment news and in-depth company research. 

Hosts Paul Sweeney and Scarlet Fu harness the power of Bloomberg Intelligence to analyze investments on Wall Street. Watch Bloomberg Intelligence LIVE on YouTube, weekdays from 10AM to 12PM ET: http://bit.ly/3vTiACF.

Listen for investment news and in-depth company research. Hosts Paul Sweeney and Scarlet Fu harness the power of Bloomberg Intelligence to analyze investments on Wall Street. Watch Bloomberg Intelligence LIVE on YouTube, weekdays from 10AM to 12PM ET: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.

Alix Steel and Paul Sweeney harness the power of Bloomberg Intelligence to analyze markets, companies and industries.

Bloomberg Intelligence

Bloomberg’s Webb on Apple Revamping Its Music Service (Audio)

Bloomberg's Webb on Apple Revamping Its Music Service (Audio)

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0e8a4e04-e9e4-4b58-b2b0-ae3c00ae2a3b/transcript

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Carmen Reinicke, Bloomberg Equities Reporter, discusses Cerebras Systems seeking to raise as much as $4.8 billion in its initial public offering, offering 30 million shares for $150 to $160 each.
The company's IPO has drawn orders for more than 20 times the number of shares available, and is expected to price on May 13.

-Catarina Saraiva, Bloomberg News Federal Reserve Reporter, discusses the Bloomberg Big Take story: “Powell Exits With Legacy Built on Central Bank Independence.” Jerome Powell's term as Federal Reserve Chair ends on May 15. He will, however, remain a member of the Board of Governors until January 31, 2028, much to the chagrin of President Donald Trump, who has repeatedly called for lower interest rates and sought to remove Powell over the Fed's monetary policy stance. Bloomberg looks at some of the highlights to his legacy.

-Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals Analyst, discusses the latest in the biotech sector. President Donald Trump plans to fire Food and Drug Administration Commissioner Marty Makary, according to a person familiar with the matter.  Repatriation flights of passengers aboard the MV Hondius cruise ship hit by a deadly hantavirus outbreak began on Sunday.

 

Watch Paul and Scarlet LIVE every day on YouTube:&nbsp;<a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a>. Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu -Carmen Reinicke, Bloomberg Equities Reporter, discusses Cerebras Systems seeking to raise as much as $4.8 billion in its initial public offering, offering 30 million shares for $150 to&nbsp;$160 each. The company's IPO has drawn orders for more than 20 times the number of shares available, and is expected to price on May 13. -Catarina Saraiva, Bloomberg News Federal Reserve Reporter, discusses the Bloomberg Big Take story: &ldquo;Powell Exits With Legacy Built on Central Bank Independence.&rdquo; Jerome Powell's term as Federal Reserve Chair ends on May 15. He will, however, remain a member of the Board of Governors until January 31, 2028, much to the chagrin of President Donald Trump, who has repeatedly called for lower interest rates and sought to remove Powell over the Fed's monetary policy stance. Bloomberg looks at some of the highlights to his legacy. -Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals Analyst, discusses the latest in the biotech sector. President Donald Trump plans to fire Food and Drug Administration Commissioner Marty Makary, according to a person familiar with the matter.&nbsp; Repatriation flights of passengers aboard the MV Hondius cruise ship hit by a deadly hantavirus outbreak began on Sunday.
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AI Chipmaker Cerebras Systems Seeks $4.8 Billion in Upsized IPO 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e573041c-4881-49b4-aacc-b447010faaa8/transcript

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Intelligence hosted by Paul Sweeney, Scarlet Fu, and Isabelle Lee

- Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses Lyft and Airbnb earnings. Lyft Inc. reported profit that fell short of Wall Street’s estimates due to spending on international expansion and higher-end offerings. Airbnb boosted its annual forecast due to robust bookings in the Americas, and expects annual revenue growth to "accelerate to low- to mid-teens".

--Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, discusses his outlook for Texas Roadhouse and U.S Foods, along with Wendy’s earnings. Wendy’s reported adjusted earnings per share for the first quarter that beat the average analyst estimate.

-Brian Cox, Global Vice President of Scotch Whisky at Bacardi LTD, on why luxury brands are increasingly aligning themselves with golf culture right now. Not long ago, golf was fading. Membership fees were sky-high, and younger audiences weren’t buying in. By the late 2000’s, the sport had lost nearly 6.8 million players, especially younger generations who saw it as expensive, slow, and out of touch. The 2008 financial crisis only deepened the downturn, prompting widespread course closures and a sharp drop in memberships as golf came to feel like a luxury many could no longer afford. Culturally, golf struggled to stay relevant, overshadowed by faster-paced, more inclusive sports, and weighed down by an image of exclusivity and outdated tradition.

-- Sarah Frier, Bloomberg Technology Managing Editor, discusses Intel. after Lip-Bu Tan became CEO of Intel Corp., the company's shares initially went nowhere, but have since risen to a record after Tan forged ties with tech titans and won over US President Donald Trump. Tan has spent more time outside the company than inside and has not widely explained his plan to fix products and manufacturing to employees, who say the company still has fundamental issues to address.

Watch Paul and Scarlet LIVE every day on YouTube:&nbsp;<a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a>. Bloomberg Intelligence hosted by Paul Sweeney, Scarlet Fu, and Isabelle Lee - Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses Lyft and Airbnb earnings. Lyft Inc. reported profit that fell short of Wall Street&rsquo;s estimates due to spending on international expansion and higher-end offerings. Airbnb boosted its annual forecast due to robust bookings in the Americas, and expects annual revenue growth to "accelerate to low- to mid-teens". --Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, discusses his outlook for Texas Roadhouse and U.S Foods, along with Wendy&rsquo;s earnings. Wendy&rsquo;s reported adjusted earnings per share for the first quarter that beat the average analyst estimate. -Brian Cox, Global Vice President of Scotch Whisky at Bacardi LTD, on why luxury brands are increasingly aligning themselves with golf culture right now. Not long ago, golf was fading. Membership fees were sky-high, and younger audiences weren&rsquo;t buying in. By the late 2000&rsquo;s, the sport had lost <a href="https://insight.factset.com/the-demise-and-rise-of-golf" data-linkindex="3" data-auth="NotApplicable" data-destination="https://insight.factset.com/the-demise-and-rise-of-golf">nearly 6.8 million players</a>, especially younger generations who saw it as expensive, slow, and out of touch. The 2008 financial crisis only deepened the downturn, prompting widespread course closures and a sharp drop in memberships as golf came to feel like a luxury many could no longer afford. Culturally, golf struggled to stay relevant, overshadowed by faster-paced, more inclusive sports, and weighed down by an image of exclusivity and outdated tradition. -- Sarah Frier, Bloomberg Technology Managing Editor, discusses Intel. after Lip-Bu Tan became CEO of Intel Corp., the company's shares initially went nowhere, but have since risen to a record after Tan forged ties with tech titans and won over US President Donald Trump. Tan has spent more time outside the company than inside and has not widely explained his plan to fix products and manufacturing to employees, who say the company still has fundamental issues to address.

Lyft Earnings Miss Estimates After Global Expansion Push 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/70d0b529-1951-4c6a-a50e-b444011d24a7/transcript

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Katherine Doherty, Bloomberg News Finance Reporter, discusses Wall Street bonuses being projected to jump for the third year in a row as market volatility fuels trading demand and dealmaking makes its long-awaited comeback. Incentive pay for investment bankers who advise corporate clients on deals is poised to be up 10% to 20% or more from a year earlier, according to Johnson Associates Inc.

-Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, discusses earnings from McDonald’s and Shake Shack. McDonald’s Corp. is warning that worsening consumer sentiment will dampen second-quarter results due to a run-up in gas prices and comparisons to a successful promotion last year. Shake Shack shares plummeted after the burger chain reported first-quarter revenue that missed expectations due to pressures including rising beef costs and inclement weather.

-Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, discusses earnings from Warner Bros Discovery and Peloton. Warner Bros. Discovery Inc. reported first-quarter financial results that missed analysts’ expectations as the media giant moves closer to being acquired by rival Paramount Skydance Corp. Peloton Interactive Inc. raised its guidance for the full year, suggesting a turnaround is on track due to new commercial offerings and upgraded equipment.

-Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst, discusses ARM earnings. Arm Holdings Plc shares declined as much as 9% after a slowdown in the smartphone industry took a toll on the chip company’s royalty revenue. Royalties generated $671 million in revenue last quarter, falling short of an average estimate of $693 million.

 

Watch Paul and Scarlet LIVE every day on YouTube:&nbsp;<a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a>. Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu -Katherine Doherty, Bloomberg News Finance Reporter, discusses Wall Street bonuses being projected to jump for the third year in a row as market volatility fuels trading demand and dealmaking makes its long-awaited comeback. Incentive pay for investment bankers who advise corporate clients on deals is poised to be up 10% to 20% or more from a year earlier, according to Johnson Associates Inc.
-Michael Halen, Bloomberg Intelligence Senior Restaurant and Foodservice Analyst, discusses earnings from McDonald&rsquo;s and Shake Shack. McDonald&rsquo;s Corp. is warning that worsening consumer sentiment will dampen second-quarter results due to a run-up in gas prices and comparisons to a successful promotion last year. Shake Shack shares plummeted after the burger chain reported first-quarter revenue that missed expectations due to pressures including rising beef costs and inclement weather. -Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, discusses earnings from Warner Bros Discovery and Peloton. Warner Bros. Discovery Inc. reported first-quarter financial results that missed analysts&rsquo; expectations as the media giant moves closer to being acquired by rival Paramount Skydance Corp. Peloton Interactive Inc. raised its guidance for the full year, suggesting a turnaround is on track due to new commercial offerings and upgraded equipment. -Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst, discusses ARM earnings. Arm Holdings Plc shares declined as much as 9% after a slowdown in the smartphone industry took a toll on the chip company&rsquo;s royalty revenue. Royalties generated $671 million in revenue last quarter, falling short of an average estimate of $693 million.
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Wall Street Poised for Bonus Increases in ‘Year of the Bank’ 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a1207ea2-198f-462d-80f4-b4430118f60a/transcript

Bloomberg's Webb on Apple Revamping Its Music Service (Audio)

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