(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox.

GUEST:
Cleveland Cavaliers and Quicken Loans Arena CEO Len Komoroski on the upcoming season, and the business landscape and economic growth in Cleveland.

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox.

GUEST:
Cleveland Cavaliers and Quicken Loans Arena CEO Len Komoroski on the upcoming season, and the business landscape and economic growth in Cleveland.

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

Cavaliers’ Komoroski on Economic Growth in Cleveland (Audio)

Cavaliers' Komoroski on Economic Growth in Cleveland (Audio)

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/51e11797-fb32-4011-aecd-ae3c008596ad/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

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

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst, discusses AMD earnings and Nvidia. Advanced Micro Devices soared to new heights in early trading after a flood of data center spending bolstered its sales forecast. Nvidia bought $500 million worth of rights for shares in Corning Inc. as part of a partnership to expand artificial intelligence infrastructure.

-Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, discusses Walt Disney earnings and the death of Ted Turner. Walt Disney posted stronger results than Wall Street expected thanks to improved profitability at its streaming business and guests spending more at the company’s resorts and on cruises. Ted Turner, the founder of CNN, has died at the age of 87, according to a news release from his company, Turner Enterprises.

-George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses SpaceX. Elon Musk’s SpaceX estimated a chip factory it plans to build along with Tesla will cost at least $55 billion, with total investment potentially exceeding $119 billion.

-Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses Uber earnings. Uber Technologies provided a better-than-expected forecast for bookings, signaling that robust demand from US commuters and travelers will offset impact from geopolitical tensions in the Middle East.

Watch Paul and Scarlet LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a>. Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu - Kunjan Sobhani, Bloomberg Intelligence Senior Semiconductor Analyst, discusses AMD earnings and Nvidia. Advanced Micro Devices soared to new heights in early trading after a flood of data center spending bolstered its sales forecast. Nvidia bought $500 million worth of rights for shares in Corning Inc. as part of a partnership to expand artificial intelligence infrastructure. -Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, discusses Walt Disney earnings and the death of Ted Turner. Walt Disney posted stronger results than Wall Street expected thanks to improved profitability at its streaming business and guests spending more at the company&rsquo;s resorts and on cruises. Ted Turner, the founder of CNN, has died at the age of 87, according to a news release from his company, Turner Enterprises. -George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, &amp; Airlines Analyst, discusses SpaceX. Elon Musk&rsquo;s SpaceX estimated a chip factory it plans to build along with Tesla will cost at least $55 billion, with total investment potentially exceeding $119 billion. -Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses Uber earnings. Uber Technologies provided a better-than-expected forecast for bookings, signaling that robust demand from US commuters and travelers will offset impact from geopolitical tensions in the Middle East.

AMD Soars as AI Demand Fuels Better-Than-Expected Sales Outlook 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ebfb1976-eb1c-4e63-a4be-b442011347f7/transcript

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

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- Caroline Hyde, BTech Co-Anchor, discusses Apple holding exploratory discussions with Intel and Samsung Electronics about producing main processors for its devices in the US, as a secondary option beyond Taiwan Semiconductor Manufacturing Co.

-Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, recaps earnings from Paramount-Skydance. Paramount Skydance reported first-quarter sales and earnings that beat analysts’ expectations as the company moves closer to acquiring Warner Bros. Discovery.

-Paul Gulberg, Bloomberg Intelligence Senior Equity Analyst, discusses Coinbase job cuts. Coinbase Global will cut around 14% of its workforce to manage costs in volatile markets and technological advances in artificial intelligence. The company plans to concentrate remaining staff around AI skills while reducing layers of management, with some teams consisting of just one person.

-Diksha Gera, Bloomberg Intelligence Global Fintech and Payments Analyst, discusses PayPal’s plans for job cuts. PayPal Holdings plans to cut around 20% of its workforce in the next two to three years to reduce costs and turn around the payments company. The company aims to realize at least $1.5 billion in savings over the next two to three years as part of its turnaround strategy under new Chief Executive Officer Enrique Lores.

 

Watch Paul and Scarlet LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a>. Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu - Caroline Hyde, BTech Co-Anchor, discusses Apple holding exploratory discussions with Intel and Samsung Electronics about producing main processors for its devices in the US, as a secondary option beyond Taiwan Semiconductor Manufacturing Co. -Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, recaps earnings from Paramount-Skydance. Paramount Skydance reported first-quarter sales and earnings that beat analysts&rsquo; expectations as the company moves closer to acquiring Warner Bros. Discovery. -Paul Gulberg, Bloomberg Intelligence Senior Equity Analyst, discusses Coinbase job cuts. Coinbase Global will cut around 14% of its workforce to manage costs in volatile markets and technological advances in artificial intelligence. The company plans to concentrate remaining staff around AI skills while reducing layers of management, with some teams consisting of just one person. -Diksha Gera, Bloomberg Intelligence Global Fintech and Payments Analyst, discusses PayPal&rsquo;s plans for job cuts. PayPal Holdings plans to cut around 20% of its workforce in the next two to three years to reduce costs and turn around the payments company. The company aims to realize at least $1.5 billion in savings over the next two to three years as part of its turnaround strategy under new Chief Executive Officer Enrique Lores.
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Apple Weighs Using Intel, Samsung to Build Device Processors 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a17f4265-5081-4293-b7f4-b44101160f25/transcript

Cavaliers' Komoroski on Economic Growth in Cleveland (Audio)

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