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

GUEST:
Steve Budin, CEO at Picknation and Vice President of Gaming Nation, on the Brexit bookmaking, and why bettors got it so wrong.

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

GUEST:
Steve Budin, CEO at Picknation and Vice President of Gaming Nation, on the Brexit bookmaking, and why bettors got it so wrong.

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

Picknation’s Budin on Why Bettors Got Brexit So Wrong (Audio)

Picknation's Budin on Why Bettors Got Brexit So Wrong (Audio)

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d8ed5dfd-7d69-4af5-a19f-ae3c009eedcc/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.
&nbsp;

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

Picknation's Budin on Why Bettors Got Brexit So Wrong (Audio)

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