Bloomberg Surveillance

Google parent Alphabet posted fourth-quarter revenue that missed analysts’ expectations as growth in its cloud business slowed. The shares fell more than 8%. Sales, excluding partner payouts, were $81.6 billion, Alphabet said Tuesday in a statement. Analysts had projected $82.8 billion, according to data compiled by Bloomberg. The company also projected $75 billion in 2025 capital expenditures, far exceeding the $57.9 billion that analysts expected, related to a buildout of data centers and infrastructure for artificial intelligence. That led to a more than 6% boost in Broadcom shares.

For reaction and analysis just after earnings crossed, hosts Carol Massar and Tim Stenovec spoke with Bloomberg Intelligence senior technology analyst Mandeep Singh and Bloomberg Technology co-host Caroline Hyde.

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Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with Jordan Rochester & Krishna Memani.

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- Frances Donald, Chief Economist at RBC
- Sarah Hunt, Chief Market Strategist at Alpine Saxon Woods
- George Saravelos, Global Head: FX Research at Deutsche Bank
- Dan Ives, Global Head of Technology Research at Wedbush Securities

Frances Donald of RBC discusses how tariffs and President Trump's threat of using them could ripple through the US economy and affect Fed policy. Sarah Hunt of Alpine Saxon Woods talks about the whipsawing in markets following the president's tariff announcement then pullback. George Saravelos with Deutsche Bank on the FX moves and dollar reaction to tariffs. Dan Ives with Wedbush Securities weighs in on how tariffs could, or could not, affect Big Tech.

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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyFebruary 4th, 2025
Featuring:

• Stephanie Roth, Chief Economist at Wolfe Research, discusses whether the threat of tariffs could affect the US economy and how the Fed might be pricing in tariff policy
• James Steel, Chief Commodities Analyst with HSBC, talks about volatility in commodities markets following President Trump's tariff announcement
• Krishna Memani, CIO at Lafayette College, joins to discuss capital markets and how they're affected by high valuations and tariff concerns
• Lisa Mateo on newspapers

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Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio.

In this episode, we feature conversations with Douglas Irwin & Gautam Mukunda.

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

See omnystudio.com/listener for privacy information.

- Jason Furman, Professor of the Practice of Economic Policy at Harvard
- Amrita Sen, founder at Energy Aspects
- Stephen Stanley, Chief Economist at Santander
- Earl Davis, Head: Fixed Income at BMO Asset Management

Tariffs are in focus for markets all week as traders evaluate the fallout of President Trump's economic policies. Jason Furman of Harvard discusses the implementation of tariffs and its economic ripple effects. Energy Aspects' founder Amrita Sen breaks down the impact of tariffs on energy markets. Stephen Stanley with Santander and Earl Davis of BMO Asset Management also weigh in on how a US trade war will affect markets and the American economy.

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Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyFebruary 3rd, 2025
Featuring:

• Doug Irwin, Dartmouth Professor of Economics and global trade expert, on the US trade war
• Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, talks about the early reaction from investors on the trade war
• Gautam Mukunda, professor at Yale School of Management, discusses the political impact of the trade war and if there's any political will to stop it from either party, as well as other political headlines
• Lisa Mateo on newspapers

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US President Donald Trump ramped up his tariff threats to the European Union while saying he would speak with the leaders of Canada and Mexico, as stock markets sank following a hectic weekend that saw prospects for a trade war turn into reality.
In remarks to reporters on Sunday night, Trump said he would hold separate calls on Monday morning with Canadian Prime Minister Justin Trudeau, as well as with the Mexican leadership, after announcing 25% tariffs on the US’s neighbors and top trading partners. The levies are set to take effect on Tuesday, barring a last-minute deal.
Bloomberg Daybreak hosts Nathan Hager and Karen Moskow bring you instant reaction to the weekend's developments on global trade.     

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• Sebastien Page, Head of Global Multi-Asset and Chief Investment Officer, T. Rowe Price
• Adam Posen, President, PIIE
• Nouriel Roubini, Atlas America Fund Portfolio Manager / Roubini Macro Associates CEO

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Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyJanuary 31st, 2025
Featuring:

• Mandeep Singh, Senior Tech Analyst for Bloomberg Intelligence
• Simona Mocuta, Chief Economist at State Street
• Jen Flitton, Head of US Government Affairs at Invesco
• Lisa Mateo on newspapers

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