Jim Michele, Chief Investment Officer at JP Morgan Asset Management, on why the Fed made the appropriate move. Dan Skelly, Head of Market Research and Strategy, Wealth Management at Morgan Stanley, reacts to the Fed rate cut. Jim Bianco, President and Founder of Bianco Research and Bloomberg Opinion contributor, discusses why the Fed rate cut is better late than never. Hosted by Lisa Abramowicz, Jonathan Ferro, and Tom Keene. (Host Paul Sweeney out.) 

Jim Michele, Chief Investment Officer at JP Morgan Asset Management, on why the Fed made the appropriate move. Dan Skelly, Head of Market Research and Strategy, Wealth Management at Morgan Stanley, reacts to the Fed rate cut. Jim Bianco, President and Founder of Bianco Research and Bloomberg Opinion contributor, discusses why the Fed rate cut is better late than never. Hosted by Lisa Abramowicz, Jonathan Ferro, and Tom Keene. (Host Paul Sweeney out.)

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

Fed Did Exactly What They Needed To Do: JPM's Michele

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4e4f4e85-2ba5-454e-b1af-ae3c00487a34/transcript

Four of the biggest companies in the US: Alphabet, Amazon, Meta and Microsoft all reported earnings after the bell. 

- Meta Platforms shares slid after the company raised its spending outlook for the year, reigniting fears that the historic levels of investment it’s making to build artificial intelligence models won’t pay off.

- Microsoft's cloud business reported growth that narrowly beat analysts’ estimates, disappointing investors concerned that the company isn’t fully capitalizing on demand for AI services. 

- Amazon spent more than anticipated to expand data center capacity in the quarter, fueling the fastest sales growth for its cloud unit in more than three years.

- Alphabet (GOOGL) reported quarterly revenue and profit that beat projections, fueled by strong growth in its cloud computing unit, signaling that the internet giant’s unprecedented investments in AI infrastructure are beginning to pay off.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
Ed Ludlow, cohost of Bloomberg Tech
Ron Westfall, HyperFRAME Research Infrastructure and Networking VP & Practice Leader
Anurag Rana, Bloomberg Intelligence Senior Technology Analyst
Matt Day, Bloomberg News Technology Reporter

Four of the biggest companies in the US: Alphabet, Amazon, Meta and Microsoft all reported earnings after the bell. - Meta Platforms shares slid after the company raised its spending outlook for the year, reigniting fears that the historic levels of investment it&rsquo;s making to build artificial intelligence models won&rsquo;t pay off. - Microsoft's cloud business reported growth that narrowly beat analysts&rsquo; estimates, disappointing investors concerned that the company isn&rsquo;t fully capitalizing on demand for AI services. - Amazon spent more than anticipated to expand data center capacity in the quarter, fueling the fastest sales growth for its cloud unit in more than three years. - Alphabet (GOOGL) reported quarterly revenue and profit that beat projections, fueled by strong growth in its cloud computing unit, signaling that the internet giant&rsquo;s unprecedented investments in AI infrastructure are beginning to pay off.
For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
<ul>
<li>Ed Ludlow, cohost of Bloomberg Tech</li>
<li>Ron Westfall, HyperFRAME Research Infrastructure and Networking VP &amp; Practice Leader</li>
<li>Anurag Rana, Bloomberg Intelligence Senior Technology Analyst</li>
<li>Matt Day, Bloomberg News Technology Reporter</li>
</ul>

Earnings Analysis: Meta, Microsoft, Alphabet & Amazon Deliver Earnings

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/bb27c561-b25f-4650-a882-b43b016177a4/transcript

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

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- Enda Curran, Bloomberg Fed and Economy Reporter, discusses Kevin Warsh winning the backing of the Senate Banking Committee on a 13-11 party-line vote to be the next chair of the Federal Reserve. Warsh's nomination had been held up by Senator Thom Tillis until the Department of Justice agreed to drop a criminal probe into cost overruns in a renovation of the Fed's Washington headquarters.

-Niraj Patel, Bloomberg Intelligence Senior Software Analyst, discusses research on how AI is impacting software stocks. According to Bloomberg Intelligence: AI shocks are rippling through application-software stocks, and our analysis suggests demand disruptions in the $700 billion app-software market are set to deepen as AI-agent development accelerates.

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 - Enda Curran, Bloomberg Fed and Economy Reporter, discusses Kevin Warsh winning the backing of the Senate Banking Committee on a 13-11 party-line vote to be the next chair of the Federal Reserve. Warsh's nomination had been held up by Senator Thom Tillis until the Department of Justice agreed to drop a criminal probe into cost overruns in a renovation of the Fed's Washington headquarters. -Niraj Patel, Bloomberg Intelligence Senior Software Analyst, discusses research on how AI is impacting software stocks. According to Bloomberg Intelligence: AI shocks are rippling through application-software stocks, and our analysis suggests demand disruptions in the $700 billion app-software market are set to deepen as AI-agent development accelerates.

Fed Chair Pick Kevin Warsh Wins Key Senate Committee Vote 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/1b4d62f1-7060-4fba-8402-b43b01126bef/transcript

Pershing Square Founder & CEO Bill Ackman joins Bloomberg's Dani Burger on "Bloomberg Deals" to discuss his five billion dollar Pershing Square IPO, an outlook on the markets, as well as his growth and investment strategy for Pershing Square.

Pershing Square Founder &amp; CEO Bill Ackman joins Bloomberg's Dani Burger on "Bloomberg Deals" to discuss his five billion dollar Pershing Square IPO, an outlook on the markets, as well as his growth and investment strategy for Pershing Square.

BONUS: Pershing Square Founder & CEO Bill Ackman Talks Public IPO

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b2e611a9-616f-4765-8f2f-b43b0110ceb1/transcript

Fed Did Exactly What They Needed To Do: JPM's Michele

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