Dan Ives, Managing Director of Equity Research at Wedbush Securities, discusses Elon Musk's announcement that Tesla will suspend vehicle purchases using Bitcoin. Kate Barton, Global Vice Chair of Tax at EY, discusses the latest on President Biden's tax proposals. Sean O'Hara, President of Pacer ETFs, discusses the latest on markets and the ETF landscape. Kevin Holleran, President and CEO of Hayward Industries Inc., discusses the outdoor living market with summer just around the corner, as well as the current chlorine shortage. Hosted by Paul Sweeney and Matt Miller. (Kailey Leinz fills in for Matt Miller)

Dan Ives, Managing Director of Equity Research at Wedbush Securities, discusses Elon Musk's announcement that Tesla will suspend vehicle purchases using Bitcoin. Kate Barton, Global Vice Chair of Tax at EY, discusses the latest on President Biden's tax proposals. Sean O'Hara, President of Pacer ETFs, discusses the latest on markets and the ETF landscape. Kevin Holleran, President and CEO of Hayward Industries Inc., discusses the outdoor living market with summer just around the corner, as well as the current chlorine shortage. Hosted by Paul Sweeney and Matt Miller. (Kailey Leinz fills in for Matt Miller)

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

Elon Musk's U-Turn Move On Bitcoin 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/fd2d886c-b2b9-425c-9504-ae3c00245f31/transcript

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

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Ed Ludlow, BTech Co-Anchor, discusses news that Microsoft and OpenAI have agreed to drop the software giant’s exclusive right to sell the startup’s AI models. The new pact simplifies a complicated relationship and allows OpenAI to pursue deals with cloud-computing rivals like Amazon.com Inc.

-Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses news that Billionaire Bill Ackman’s IPO of his closed-end fund and his alternative asset management company is expected to raise about $5 billion, the low end of the targeted fundraising range.

-John Butler, Bloomberg Intelligence Senior Telecom Analyst, discusses Verizon Communications reporting a gain of mobile subscribers, with 55,000 net new mobile phone customers, a year-over-year improvement of 340,000.

-Sid Philip, Bloomberg Chief Correspondent for Global Aviation, discusses news that United Airlines Chief Executive Officer Scott Kirby confirmed he approached American Airlines Group and that merger talks have ended.

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 -Ed Ludlow, BTech Co-Anchor, discusses news that Microsoft and OpenAI have agreed to drop the software giant&rsquo;s exclusive right to sell the startup&rsquo;s AI models. The new pact simplifies a complicated relationship and allows OpenAI to pursue deals with cloud-computing rivals like Amazon.com Inc. -Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses news that Billionaire Bill Ackman&rsquo;s IPO of his closed-end fund and his alternative asset management company is expected to raise about $5 billion, the low end of the targeted fundraising range. -John Butler, Bloomberg Intelligence Senior Telecom Analyst, discusses Verizon Communications reporting a gain of mobile subscribers, with 55,000 net new mobile phone customers, a year-over-year improvement of 340,000. -Sid Philip, Bloomberg Chief Correspondent for Global Aviation, discusses news that United Airlines Chief Executive Officer Scott Kirby confirmed he approached American Airlines Group and that merger talks have ended.

OpenAI Breaks From Exclusive AI Pact With Microsoft 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0ed25c02-f030-44c8-8297-b439011511f9/transcript

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu
- Michael McKee, Bloomberg International Economics and Policy Correspondent joins to discuss on the DOJ dropping the probe into Powell.The Justice Department is ending a controversial investigation into building-renovation cost overruns by the Federal Reserve, potentially clearing a path to confirmation for Kevin Warsh, President Donald Trump’s pick to be the next chair of the central bank.

- Dan Ives, Global Head of Technology Research at Wedbush Securities discusses the latest in the tech space. Intel Corp. shares hit their highest level ever after the chipmaker delivered a sales forecast that shattered Wall Street expectations. As well as how Tesla has started manufacturing its Cybercab robotaxi, Chief Executive Officer Elon Musk said Friday on his social media site X, fulfilling a long-promised launch at a time when the company’s global sales have slumped.
- Chad Moutray, Chief Economist at the National Restaurant Association joins to discuss the restaurant industry headwinds. He also discusses w hat's driving that gap, what it means for business growth and economic expectations across the sector, and what policy changes could reverse the trend before the shortage becomes structural.

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 - Michael McKee, Bloomberg International Economics and Policy Correspondent joins to discuss on the DOJ dropping the probe into Powell.The Justice Department is ending a controversial investigation into building-renovation cost overruns by the Federal Reserve, potentially clearing a path to confirmation for Kevin Warsh, President Donald Trump&rsquo;s pick to be the next chair of the central bank. - Dan Ives, Global Head of Technology Research at Wedbush Securities discusses the latest in the tech space. Intel Corp. shares hit their highest level ever after the chipmaker delivered a sales forecast that shattered Wall Street expectations. As well as how Tesla has started manufacturing its Cybercab robotaxi, Chief Executive Officer Elon Musk said Friday on his social media site X, fulfilling a long-promised launch at a time when the company&rsquo;s global sales have slumped. - Chad Moutray, Chief Economist at the National Restaurant Association joins to discuss the restaurant industry headwinds. He also discusses w hat's driving that gap, what it means for business growth and economic expectations across the sector, and what policy changes could reverse the trend before the shortage becomes structural.

DOJ Drops Powell Probe, Smoothing Path for Warsh to Lead Fed 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/667188bc-635a-4c4a-8cb1-b43601138bf2/transcript

Intel gave a strong sales forecast for the current period, signaling that the struggling chipmaker is finally beginning to benefit from the giant build-out of artificial intelligence infrastructure.

Revenue will be $13.8 billion to $14.8 billion in the quarter ending in June, the company said Thursday in a statement. Analysts, on average, estimated $13 billion, according to data compiled by Bloomberg. Earnings, excluding some items, will be about 20 cents a share, compared with a Wall Street prediction of 9 cents.

The upbeat outlook suggests that Chief Executive Officer Lip-Bu Tan is making progress on a challenging comeback plan. After lining up major investments in Intel last year — helping to strengthen the company’s balance sheet — Thursday’s results suggest he’s now delivering on a promise to improve its operations. 

Intel shares rose 14% in extended trading. The stock had gained 81% this year before the results were released, closing at $66.78.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
Bloomberg Intelligence Senior Semiconductor Analyst Kunjan Sobhani
Bloomberg Tech co-host Ed Ludlow

Intel&nbsp;gave a strong sales forecast for the current period, signaling that the struggling chipmaker is finally beginning to benefit from the giant build-out of artificial intelligence infrastructure. Revenue will be $13.8 billion to $14.8 billion in the quarter ending in June, the company said Thursday in a statement. Analysts, on average,&nbsp;estimated&nbsp;$13 billion, according to data compiled by Bloomberg. Earnings, excluding some items, will be about 20 cents a share, compared with a Wall Street prediction of 9 cents. The upbeat outlook suggests that Chief Executive Officer Lip-Bu Tan is making progress on a challenging comeback plan. After lining up major investments in Intel last year &mdash; helping to strengthen the company&rsquo;s balance sheet &mdash; Thursday&rsquo;s results suggest he&rsquo;s now delivering on a promise to improve its operations. Intel shares rose 14% in extended trading. The&nbsp;stock&nbsp;had gained 81% this year before the results were released, closing at $66.78. For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
<ul>
<li>Bloomberg Intelligence Senior Semiconductor Analyst Kunjan Sobhani</li>
<li>Bloomberg Tech co-host Ed Ludlow</li>
</ul>

Instant Reaction: Intel Gives Strong AI-Fueled Outlook

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4fe02024-02dd-4314-b708-b43501718c87/transcript

Elon Musk's U-Turn Move On Bitcoin

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