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Bloomberg Intelligence hosted by Paul Sweeney and Alix Steel

Today’s Podcast Features are:

Poonam Goyal, Senior U.S. E-Commerce and Retail Analyst at Bloomberg Intelligence, recaps Nike earnings.
Nike Inc.’s turnaround effort is hitting snags as the company tries to clear out old inventory while feeling the effects of a growing trade war.
Shares fell in trading Friday as the sportswear maker signaled further declines in revenue and profitability from an ongoing merchandise reset that the company says is necessary to renew growth. Nike also expects gross margin to decline sharply in the current quarter from a year earlier.

Lee Klaskow, Bloomberg Intelligence Senior Transport, Logistics and Shipping Analyst, recaps FedEx earnings.
FedEx Corp. shares tumbled after the parcel delivery company lowered its full-year guidance for a third consecutive quarter, citing inflation and uncertain demand for shipments. Adjusted earnings are now expected to be in the range of $18 to $18.60 per share this fiscal year, below the $18.95 average analyst estimate. FedEx also cautioned that revenue may be slightly down versus the prior year, compared to its previous expectation that sales would be roughly flat.

Hessam Nadji, CEO of Marcus & Millichap, joins to discuss the latest in commercial real estate.
He discusses why commercial real estate is well positioned for economic uncertainty. Commercial Real Estate remains an enticing alternative in periods of elevated economic and financial market uncertainty. The durability of commercial real estate in times of elevated inflation may become an increasingly favorable investment option.

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Bloomberg Intelligence hosted by Paul Sweeney and Alix Steel

Today’s Podcast Features are:

Scott Sosnick, Editor in Chief at Sportico, discusses how a consortium that includes tech and real estate investors, alongside a private equity firm, reaching a deal to buy the National Basketball Association’s Boston Celtics for $6.1 billion.
The takeover is not only the biggest NBA deal ever, surpassing the $4 billion valuation hit when Mat Ishbia struck an agreement for the Phoenix Suns in late 2022, but also the largest ever sports takeover. The Washington Commanders were sold in 2023 for $6.05 billion.

Sandi Bragar, Chief Client Officer at Aspiriant,discusses her outlook for the markets.
US economy: She expects the US economy to bend not break. Her view is we’re still in the very early stages of policy changes and we’re starting off with the more punitive changes now (tariffs & spending cuts) but the more stimulative changes are also coming (tax cuts and deregulation). Fed Policy: She thinks the FOMC decision was generally ‘as expected.’ She’s not expecting rate increases any time soon.

Craig Trudell, Bloomberg Global Autos Editor, discusses Tesla recalling all the Cybertrucks it produced and sold in the first 15 months it’s been on the US market over a safety issue it’s having trouble resolving. The carmaker estimates that 1% of the 46,096 pickups it’s calling back have a defect, according to a recall report filed with the US National Highway Traffic Safety Administration. Pieces of steel trim along the exterior of the Cybertruck are joined to the vehicle by an adhesive that’s “susceptible to environmental embrittlement,” the company said.

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Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.
Federal Reserve officials held their benchmark interest rate steady for a second straight meeting, caught between mounting concerns that the economy is slowing and inflation could remain stubbornly high.
Chair Jerome Powell acknowledged the high degree of uncertainty from President Donald Trump’s significant policy changes, but repeated the central bank is not in a hurry to adjust borrowing costs. He said officials can wait for greater clarity on the impact of those policies on the economy before acting.

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Bloomberg Intelligence hosted by Paul Sweeney and Alix Steel

Today’s Podcast Features are:

Claire Ruckin, Bloomberg News Senior Reporter, discusses her story Private Equity Firms Are Getting Rid of Their Equity. Already this year, more than 20 businesses in the US and Europe have borrowed to make payouts to their owners, according to Bloomberg-compiled data, meaning they’ve less financial “skin in the game” if things ever go sour.

David Voreacos, Bloomberg Legal Reporter, on today's Big Take: The Money Laundering Scams that Cost TD Bank Billions. Last year, TD’s American subsidiary became the first US bank ever to plead guilty to conspiracy to commit money laundering. The company agreed to pay $3.1 billion in fines to various parts of the federal government, a sum that included the biggest penalty ever levied by the Department of Justice under the Bank Secrecy Act, the main US anti-money-laundering law. More than two dozen people, including three bank employees, have already been charged.

Shelby Magid, Deputy Director, Eurasia center at the Atlantic council, recaps Trump and Putin's call from yesterday and what that means for the potential ceasefire deal and the War in Ukraine.

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

Bloomberg Intelligence hosted by Paul Sweeney and Alix Steel

Today’s Podcast Features are:

Shelby McFaddin, Investment Analyst at Motley Fool Asset Management, discusses her outlook for the markets.
A selloff in Wall Street’s largest technology companies dragged down the stock market, with investors gearing up for Wednesday’s Federal Reserve decision that will likely bring an assessment of how President Donald Trump’s trade policies are impacting the economy.

Dan Williams, Reporter for Bloomberg News Based in Jerusalem, discusses Israel launching overnight airstrikes across Gaza that Hamas said killed hundreds of people, shattering a nearly two-month ceasefire with the Palestinian group. Prime Minister Benjamin Netanyahu vowed Tuesday to act “with increasing military strength,” saying Hamas had repeatedly refused to release its remaining hostages.

Jeff Brown, Founder and CEO of T2 Capital Management, discusses his outlook for commercial real estate.
Despite the turbulence in commercial real estate (CRE) in 2024, T2 Capital sees signs the sector has stabilized as we enter 2025. While challenges remain, price discovery has largely settled, bid-ask spreads have tightened, and private real estate equity is now the least expensive asset class compared to both public and private alternatives—creating a compelling entry point.

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

Bloomberg Intelligence hosted by Paul Sweeney and Alix Steel

Today’s Podcast Features are:

Mari Shor, Senior Equity Analyst at Columbia Threadneedle Investments, joins to break down U.S Retail Sales.
Disappointing retail sales last month added to concerns of a pullback in consumer spending in the US, while a pair of business surveys suggested growing caution.

Phil Orlando, Chief Equity Market Strategist and Head of Client Portfolio Management at Federates Hermes, discusses his outlook on the markets. He discusses why the Trump administration is concerned a trade war could encourage foreign companies to bypass the U.S market. He’ll also discuss why it’s been a brutal month for equity investors.

Steve Purdy, Co-head of Global Credit at TCW, discusses corporate credit markets. He’ll discuss the biggest concerns facing credit investors today. He’ll talk about how you protect or profit from tariffs in portfolios. Steve also discusses how DOGE and Elon Musk are impacting credit markets.

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Anurag Rana, Bloomberg Intelligence Technology Analyst, recaps Oracle earnings. Mary Ross Gilbert, Bloomberg Intelligence, Senior Equity Analyst, Covering Retail, recaps Kohl's earnings. Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals, discusses Novo Nordisk shares dropping the most since December on CagriSema Data.

CERAWeek Interviews: 

Bloomberg Intelligence Co-Host Alix Steel speaks with: 
Larry Coben, CEO of NRG Energy
Scott Strazik, CEO of GE Vernova
Joe Dominguez, CEO of Constellation Energy

Bloomberg Intelligence, the research arm of Bloomberg L.P., has more than 400 professionals who provide in-depth analysis on more than 2,000 companies and 135 industries while considering strategic, equity and credit perspectives. BI also provides interactive data from over 500 independent contributors. It is available exclusively for Bloomberg Terminal subscribers.

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

Bloomberg Intelligence hosted by Paul Sweeney and Alix Steel

Today's Podcast Features:

Joanne Hsu, University of Michigan Surveys of Consumers Director, discusses Friday's UMich data.
US consumer sentiment fell to a more than two-year low and long-term inflation expectations jumped by the most since 1993, illustrating growing apprehension about the economic impact from tariffs.

Kathy Entwistle, Managing Director at Morgan Stanley Private Wealth Management, discusses her outlook for the markets.
Topics of discussion:
-Equities, rates and currencies have round tripped since election day
-S&P 500 down nearly 2% YTD and broke below its 100-day moving average

Brian Platt, Bloomberg Canadian Government Reporter, discusses Mark Carney taking power in Canada.
Mark Carney has been sworn in as Canada’s 24th prime minister, bringing the former central banker to power in the middle of an explosive trade war with the US. The former governor of the Bank of Canada and the Bank of England was officially installed as Canada’s leader at a ceremony in Ottawa on Friday, five days after the Liberal Party members voted overwhelmingly for him to replace Justin Trudeau as head of the party.

Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist, discusses Gold breaking through $3,000.
Gold prices passed $3,000 an ounce for the first time ever, driven higher by a central bank buying spree, economic fragility worldwide, and President Donald Trump’s attempts to rewrite the rules of global trade by imposing tariffs on allies and strategic rivals.

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Bloomberg Intelligence hosted by Paul Sweeney and Alix Steel

Albertina Torsoli, European Transport and Industrials Reporter, discusses President Donald Trump threatening to impose a 200% tariff on wine, champagne, and other alcoholic beverages from France and the European Union.
The president in a social media post on Thursday said that he would move forward with the import duties if Brussels follows through with a tax on American whiskey exports, a measure aimed at retaliating against Trump’s steel and aluminum tariffs that went into effect on Wednesday.

Today's Podcast Features:

CERAWeek Interviews:

Bloomberg Intelligence Co-Host speaks with:

NRG energy CEO Larry Coben

Enbridge CEO Greg Ebel

See omnystudio.com/listener for privacy information.

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

Bloomberg Intelligence hosted by Paul Sweeney and Alix Steel

Today's Podcast Features:

Nathan Dean, Bloomberg Intelligence Senior Policy Analyst, discusses President Donald Trump’s tariffs.
President Donald Trump’s 25% tariffs on steel and aluminum imports came into force Wednesday, triggering concern across export-reliant Asia and immediate reprisals from the European Union and Canada as the global trade war enters a rocky phase. 

Oliver Crook, Bloomberg Europe Correspondent, discusses US-Ukraine talks in Saudi Arabia.
Less than two weeks after Donald Trump lambasted Ukrainian President Volodymyr Zelenskiy in an Oval Office confrontation, the US president put the pressure on Russia to accept a ceasefire agreement hammered out with Zelenskiy’s advisers. The accord reached in Saudi Arabia by US and Ukrainian negotiators for a 30-day halt in the conflict, which began with Russia’s full-scale invasion three years ago, now hinges on Vladimir Putin, who may have little incentive to abide by it.

CERAWEEK Interviews:

Bloomberg Intelligence Co-Host speaks with:

Pierce Norton, ONEOK President
Scott Strazik, CEO of GE Vernova

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