Nobel Laureate economist Paul Krugman discusses his column on the disconnect between markets and the economy: "Crashing Economy, Rising Stocks: What’s Going On?" Terry Kawaja, CEO and Founder of LUMA Partners, on how the pandemic will change how we consume media.  Tara Lachappelle, Bloomberg Opinion media and deals columnist, on Disney results.  Shawn Donnan, Senior Trade reporter for Bloomberg, discusses his story: "Layoffs Start Turning From Temporary to Permanent Across America."  

Nobel Laureate economist Paul Krugman discusses his column on the disconnect between markets and the economy: "Crashing Economy, Rising Stocks: What’s Going On?" Terry Kawaja, CEO and Founder of LUMA Partners, on how the pandemic will change how we consume media. Tara Lachappelle, Bloomberg Opinion media and deals columnist, on Disney results. Shawn Donnan, Senior Trade reporter for Bloomberg, discusses his story: "Layoffs Start Turning From Temporary to Permanent Across America."

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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

Why Stocks Are Rising While Economy Crashes: Paul Krugman

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8a8bceea-1103-4cbf-ac78-ae3c00445b6b/transcript

The US Supreme Court limited the use of the Voting Rights Act to create predominantly Black or Hispanic election districts in a major constitutional ruling that buttresses Republican efforts to keep control of the House in this year’s midterms and beyond.
Voting 6-3 along ideological lines, the justices rejected a Louisiana congressional map that was drawn with a second majority-Black district after a lower court found an earlier map to be discriminatory.
The Supreme Court ruling undercuts what had been the most significant remaining part of the Voting Rights Act, a law passed in 1965 to address rampant discrimination against Black voters. The justices had already significantly weakened the law twice since 2013.

The US Supreme Court limited the use of the Voting Rights Act to create predominantly Black or Hispanic election districts in a major constitutional ruling that buttresses Republican efforts to keep control of the House in this year&rsquo;s midterms and beyond. Voting 6-3 along ideological lines, the justices rejected a Louisiana congressional map that was drawn with a second majority-Black district after a lower court found an earlier map to be discriminatory. The Supreme Court ruling undercuts what had been the most significant remaining part of the Voting Rights Act, a law passed in 1965 to address rampant discrimination against Black voters. The justices had already significantly weakened the law twice since 2013.

Instant Reaction: Supreme Court Curbs Use of Race in Drawing Voting Districts

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ff2e76e0-fe6d-4033-a0c2-b43b00f439e1/transcript

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Steve Man, Bloomberg Intelligence Global Autos and Industrials Analyst, discusses GM earnings. General Motors Co. raised its full-year profit forecast, but said the war in Iran is fueling higher-than-expected costs. The company now expects commodity inflation to set back adjusted earnings by as much as $2 billion this year, citing higher costs for aluminum, steel, transportation and logistics.

-Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, recaps Spotify earnings and discusses whether Artificial intelligence is a threat to music. Spotify shares fell after the music streaming company forecasted operating income for the second quarter that trailed expectations.

-Ken Shea, Bloomberg Intelligence Senior Consumer Products Analyst, recaps Coca Cola earnings. Coca-Cola Co. reported organic revenue growth of 10%, topping the average of analyst estimates, and notching the company’s best organic growth in five quarters.

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 -Steve Man, Bloomberg Intelligence Global Autos and Industrials Analyst, discusses GM earnings. General Motors Co. raised its full-year profit forecast, but said the war in Iran is fueling higher-than-expected costs. The company now expects commodity inflation to set back adjusted earnings by as much as $2 billion this year, citing higher costs for aluminum, steel, transportation and logistics. -Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, recaps Spotify earnings and discusses whether Artificial intelligence is a threat to music. Spotify shares fell after the music streaming company forecasted operating income for the second quarter that trailed expectations. -Ken Shea, Bloomberg Intelligence Senior Consumer Products Analyst, recaps Coca Cola earnings. Coca-Cola Co. reported organic revenue growth of 10%, topping the average of analyst estimates, and notching the company&rsquo;s best organic growth in five quarters.

GM Warns ‘Across the Board’ Inflation to Put a Damper on Profit 

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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

Why Stocks Are Rising While Economy Crashes: Paul Krugman

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