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ICYMI: Ambiq's Low-Power Chips Gain Wall Street's Favor Aug 01, 2025

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Ambiq Micro Inc. shares rose 61% in their first trading day, after the maker of ultra-low power semiconductors for AI applications raised $96 million in an upsized initial public offering. Shares of the Austin-based company closed at $38.53 each on Wednesday in New York, above the IPO price of $24 apiece.
Scott Hanson, the company's founder and Chief Technology Officer, discusses the firm's strong start in public markets, how US tensions with China impact its strategy, and the array of consumer products that operate using Ambiq's chips. Scott speaks with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

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Instant Reaction: Amazon Falls After Earnings, Cloud Growth Spooks Investors Jul 31, 2025

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Amazon.com dropped in late trading after projecting weaker-than-expected operating income and trailing the sales growth of its cloud rivals, leaving investors searching for signs that the company’s huge investments in artificial intelligence are paying off. Operating profit will be $15.5 billion to $20.5 billion in the period ending in September, compared with an average estimate of $19.4 billion. Sales will be $174 billion to $179.5 billion, the company said Thursday in a statement. Analysts, on average, expected $173.2 billion. Chief Executive Officer Andy Jassy is engaged in an AI infrastructure arms race with Microsoft Corp. and Alphabet Inc. that requires heavy spending on data centers. Both of those rivals earlier reported strong earnings showing they are benefiting from the AI boom.
For instant reaction and analysis, hosts Carol Massar and Tim Stenovec speak with:

Bloomberg Intelligence Senior Technology Analyst Anurag Rana
Bloomberg Intelligence Senior Analyst for E-commerce & Athleisure Poonam Goyal

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Apple Posts Massive Sales Beat While Amazon Underwhelms Jul 31, 2025

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Apple Inc. reported third-quarter revenue that handily topped analysts’ estimates, boosted by surprisingly strong sales of the iPhone and products in China.
Revenue rose 9.6% to $94 billion in the period, which ended June 28, the company said in a statement Thursday. Analysts estimated $89.3 billion on average, according to data compiled by Bloomberg. Apple had projected a $900 million headwind from tariffs during the period, saying that revenue would grow in the low- to mid-single digits.
Though US tariffs are still expected to weigh on results in the long run, they likely provided a boon to Apple in the latest period — with consumers rushing to stores to get out ahead of expected price increases. The company also has been staging a comeback in China, a market where local phone brands have made inroads with consumers. Services were another bright spot for Apple last quarter, topping Wall Street projections.
Meanwhile Amazon.com Inc. projected operating income in the current quarter that fell short of analysts’ estimates, worrying investors that the tech giant is spending too much to keep up with competitors in the race for artificial intelligence.
Operating profit will be $15.5 billion to $20.5 billion in the period ending in September, compared with an average estimate of $19.4 billion. Sales will be $174 billion to $179.5 billion, the company said Thursday in a statement. Analysts, on average, expected $173.2 billion.
Chief Executive Officer Andy Jassy is engaged in an AI infrastructure arms race with Microsoft Corp. and Alphabet Inc. that requires heavy spending on data centers. Both of those rivals reported strong earnings earlier this week showing they are benefiting from the AI boom.
Today's show features:

Bloomberg Intelligence Senior Technology Analyst Anurag Rana and Senior Analyst for E-commerce & Athleisure Poonam Goyal on Amazon’s earnings
Ivan Feinseth, Chief Investment Officer and Research Director at Tigress Financial Partners, with reaction and analysis of Apple and Amazon earnings
Jayati Bharadwaj, Director of FX Strategy for TD Securities, on the recent US dollar rally
Bloomberg News US Legal Reporter Erik Larson on US Justice Department lawyers defending President Donald Trump's authority to impose global tariffs at a hearing in Washington

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ICYMI: Waste Management COO John Morris Jul 31, 2025

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Waste Management beat Wall Street's sales and earnings targets for Q2. The company raised its full-year free-cash-flow target. While management lowered its sales target for the year, margins are coming in better than previously anticipated.

John Morris, President and Chief Operating Officer of WM, speaks on the company's quarterly earnings and technological advancements at the firm

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Fed Holds Interest Rates Before Microsoft and Meta Report Earnings Jul 30, 2025

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Federal Reserve Chair Jerome Powell said interest rates are in the right place to manage continued uncertainty around tariffs and inflation, tempering expectations for a rate cut in September.
“There are many, many uncertainties left to resolve,” Powell told reporters Wednesday following the central bank’s decision to once again keep rates unchanged. “It doesn’t feel like we are very close to the end of that process.”
The Federal Open Market Committee voted 9-2 to hold its benchmark federal funds rate in a range of 4.25%-4.5%, as they have at each of their meetings this year. Governors Christopher Waller and Michelle Bowman voted against the decision in favor of a quarter-point cut.
Meanwhile Meta Platforms Inc. topped projections for second-quarter sales and gave a stronger-than-expected forecast for the current period, a sign that the social media company’s advertising business is still growing quickly enough to support aggressive spending on artificial intelligence. The social media giant, which owns Instagram and Facebook, reported second-quarter revenue of $47.5 billion.
As for Microsoft Corp., it was another better-than-expected quarter for growth in its cloud business and the company said spending on AI infrastructure hit a record. The closely watched Azure cloud-computing unit posted a 39% rise in sales during Microsoft’s fiscal fourth quarter, the company said in a statement on Wednesday. Analysts projected 34% revenue growth.
Today's show features:

Karen Veraa-Perry, Head of US iShares Fixed Income Strategy at BlackRock on the Federal Reserve’s rate decision
Dan Ives, Global Head of Technology Research at Wedbush Securities, and Bloomberg Intelligence Global Head of Technology Research Mandeep Singh on Meta earnings
Greg Halter, Director of Research at Carnegie Investment Counsel, and Bloomberg Intelligence Senior Technology Analyst Anurag Rana on Microsoft earnings

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Instant Reaction: Microsoft & Meta Soar After Strong Earnings Jul 30, 2025

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Microsoft reported better-than-expected growth in its cloud business and said spending on AI infrastructure hit a record. The closely watched Azure cloud-computing unit posted a 39% rise in sales during Microsoft’s fiscal fourth quarter, the company said in a statement on Wednesday. Analysts projected 34% revenue growth. The shares rose about 7% in extended trading after closing at $513.24 in New York. The company’s stock was up about 22% this year through the Wednesday close.
Meta also reported results that sent shares higher after the close. Meta topped projections for second-quarter sales and gave a stronger-than-expected forecast for the current period, a sign that the social media company’s advertising business is still growing quickly enough to support aggressive spending on artificial intelligence. Shares jumped as much as 10% in late trading. Third-quarter sales will be $47.5 billion to $50.5 billion, Meta said in a statement Wednesday, with the midpoint of that range exceeding the average analyst estimate of $46.2 billion, according to data compiled by Bloomberg. The social media giant, which owns Instagram and Facebook, reported second-quarter revenue of $47.5 billion. Meta stock was up 18.7% so far this year before Wednesday’s report.
For instant reaction and analysis to earnings for both big tech companies, hosts Carol Massar and Tim Stenovec speak with:

Dan Ives, Global Head of Technology Research at Wedbush Securities
Bloomberg Intelligence Senior Technology Analyst Anurag Rana
Greg Halter, Director of Research at Carnegie Investment Counsel

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ICYMI: AstraZeneca Profit, Revenue Lifted by Cancer Drugs Jul 30, 2025

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AstraZeneca Plc reported better-than-expected sales and rising profit for the second quarter, spurred by its stable of cancer medicines and growth in the US.
Revenue climbed 12% to $14.5 billion, the UK drugmaker said Tuesday, beating estimates. Earnings per share excluding some items rose 10% to $2.17, as expected. Under Chief Executive Officer Pascal Soriot’s watch, Astra has turned into an oncology powerhouse and is increasingly focused on the US. Pascal discusses his company's strong quarterly performance and the state of the pharmaceutical industry with Tim Stenovec and Carol Massar on Bloomberg Businessweek Daily.

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US, China Agree to Continue Talks on Tariff Truce Extension Jul 29, 2025

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Treasury Secretary Scott Bessent said that the US and China will continue talks over maintaining a tariff truce before it expires in two weeks and that President Donald Trump will make the final call on any extension.
Bessent, who led the US delegation with Trade Representative Jamieson Greer, said in Stockholm that he’ll brief Trump on Wednesday on the remaining issues.
“There’s still a couple of technical details to work out,” Bessent told reporters Tuesday, after two days of meetings with officials from Beijing led by Vice Premier He Lifeng.
On the heels of Washington’s preliminary tariff deals with Japan and the European Union, Bessent said his Chinese counterparts were “more of a mood for a wide-ranging discussion.”
The third round of US-China trade talks in less than three months wrapped up ahead of an Aug. 12 deadline to resolve differences during a 90-day suspension of sky-high tariffs that threatened to cut off bilateral trade between the world’s largest economies.
Adding an extra 90 days is one option, Bessent said.
Chinese trade negotiator Li Chenggang told reporters that both sides agree on maintaining the truce, without elaborating on how long. He added that the conversations in the Swedish capital were candid, in-depth and geared for continued close communication.
Today's show features:

Bloomberg News Europe Correspondent Oliver Crook on the latest from US-China trade talks in Stockholm, Sweden
Danielle DiMartino Booth, CEO and Chief Strategist at QI research, on the latest FOMC meeting
Bloomberg News Boston Bureau Chief Brooke Sutherland on Boeing and UPS earnings, as well as the $72 billion megadeal between Union Pacific and Norfolk Southern
Kabir Nath, Chief Executive Officer of Compass Pathways, on the pursuit of FDA approval of the first psychedelic treatment for certain people living with depression

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ICYMI: Dallas Mavericks Embracing the Cooper Flagg Era Jul 29, 2025

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The NBA's Dallas Mavericks are entering a new era with top overall draft pick Cooper Flagg joining a veteran roster that appears poised to bounce back from a disappointing end to last season. The team will also look to move past the largely negative reaction from its fanbase related to the trade of superstar Luka Doncic to the Los Angeles Lakers.
Rick Welts, the Basketball Hall of Fame executive who now serves as the Mavericks' CEO, discusses the outlook for team, the franchise's plans for a new arena and the league's changing media landscape with Carol Massar, Tim Stenovec and Julie Fine on Bloomberg Businessweek Daily.

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EU Leaders Defend US Deal as German Industry Voices Concerns Jul 29, 2025

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Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
European capitals defended the trade deal struck with President Donald Trump, which will see the European Union accept a 15% tariff on most of its exports to the US while reducing levies on some American products to zero.
European Commission President Ursula von der Leyen, who met with Trump in his golf club in Turnberry, Scotland, on Sunday, hailed the agreement for the stability and predictability it will offer businesses and consumers. The EU knew that the deal would favor the US, but von der Leyen urged reporters to “not forget where we came from,” referencing tariff rates Trump threatened that were as high as 50%.
The lower rate came as a relief to member states that are dependent on exports, especially Germany, which exported $34.9 billion of new cars and auto parts to the US in 2024.
“The agreement has succeeded in averting a trade conflict that would have hit the export-oriented German economy hard,” German Chancellor Friedrich Merz said in a statement late Sunday. “This has enabled us to safeguard our core interests, even if I would have liked to have seen further easing in transatlantic trade.”
Without a deal, Bloomberg Economics estimated that the total US average effective tariff rate would rise to nearly 18% on Aug. 1 from 13.5% under current policies. The new deal brings that number down to 16%. Prior to Trump’s latest trade fight, the EU estimated the average tariff rate to be about 1% on both sides.
Today's show features:

Nancy Lazar, Chief Economist for Piper Sandler, on the global economic outlook and trade balance in the wake of the US trade deal with the European Union
Andrew Bishop, Senior Partner and Global Head of Policy Research at Signum Global Advisors on the pending resumption of US-China trade talks
Bloomberg News Israel Bureau Chief Ethan Bronner on President Donald Trump’s latest comments on the situation in Gaza
Andrejka Bernatova, Founder and CEO of Dynamix, on her firm’s business combination agreement with The Ether Reserve

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