Bloomberg Talks

Airbus CEO Guillaume Faury tells Katie Greifeld and Romaine Bostick on “The Close” that Airbus expects to meet engine targets for 2025, but foresees continued shortages into 2026 and 2027. Faury discusses his company's strong quarterly earnings that beat estimates.

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Microsoft Corp. reported a steeper climb in spending than Wall Street expected, fueling anxieties about the high costs of providing AI infrastructure. First-quarter capital expenditures including leases, an indication of data center spending, came in at $34.9 billion, up from $24 billion in the preceding quarter, the company said Wednesday. Microsoft continues “to increase our investments in AI across both capital and talent to meet the massive opportunity ahead,” Chief Executive Officer Satya Nadella said in a statement. Total revenue increased 18% to $77.7 billion in the fiscal first quarter, while profit was $3.72 a share. Analysts on average estimated sales of $75.6 billion and per-share earnings of $3.68. The Azure cloud-computing unit posted a 39% revenue gain in the quarter when adjusting for currency fluctuations, beating the Wall Street estimate of 37%. Investor expectations for Microsoft were high heading into earnings, with all but one analyst tracked by Bloomberg rating the stock a buy.

Meta Platforms said it expects total expenses to significantly increase in 2026, and will continue to invest at historic levels in artificial intelligence. The company also reported third-quarter net income of $2.71 billion, which included a one-time, non-cash income tax charge of $15.9 billion due to the implementation of the tax bill signed into law in July, Meta said in the statement. Without the accounting charge, Meta said net income would have increased 19% to $18.6 billion.
Looking beyond the third-quarter, the company said it expects a “significant reduction” in US federal cash tax payments for 2025 and years to come due to the new law. Meta reported third-quarter sales of $51.2 billion, which beat analysts’ average estimate of $49.6 billion.

For analysis of the tech earnings, Bloomberg Businessweek Daily spoke with Bloomberg Intelligence Senior Technology Analyst Anurag Rana and Ivan Feinseth, Research Director and Chief Investment Officer with Tigress Financial Partners.

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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.

Treasuries extended losses after Federal Reserve Chair Jerome Powell said a December interest-rate cut was not set in stone, even after delivering a widely expected quarter-point reduction to prop up the labor market. The central bank reduced its benchmark lending rate to 3.75%-4% in its second straight cut — though two officials dissented.

“A further reduction in the policy rate at the December meeting is not a foregone conclusion, far from it,” Powell said in the opening comments of his press conference. In their post-meeting statement, Fed policymakers on Wednesday repeated their assessment that “job gains have slowed” and said “risks to employment rose in recent months.”

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Nvidia CEO Jensen Huang and Nokia CEO Justin Hotard discuss Nvidia's plans to make a $1 billion equity investment in Nokia, 6G, AI developments, and the impact of the Trump administration.
Huang and Hotard spoke with Bloomberg's Ed Ludlow. 

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Tesla Chairman of the Board Robyn Denholm discusses Elon Musk's proposed $1 trillion compensation package and CEO Elon Musk's future at the company after the vote on that compensation package. Denholm spoke with Bloomberg's Caroline Hyde and Ed Ludlow.

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JPMorgan Asset & Wealth Management CEO Mary Erdoes discusses Saudi Arabia, the current state of the credit market, the impact AI can have on the banking industry, and the US economy. Erdoes spoke with Bloomberg's Joumanna Bercetche.

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Goldman Sachs CEO David Solomon discusses Goldman Sachs' expansion in Saudi Arabia, the US economy, and the credit environment. Solomon spoke with Bloomberg's Joumanna Bercetche.

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Citigroup CEO Jane Fraser and Barclays CEO CS Venkatakrishnan discuss the impact AI will have on financial services, private credit, and private markets. Fraser and Venkatakrishnan spoke with Bloomberg's Francine Lacqua.

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United States Senator Gary Peters (D) talks with Bloomberg's David Gura about the Government shutdown/

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Wikipedia Founder Jimmy Wales talks to Bloomberg’s Carol Massar and Tim Stenovec about his new book “The Seven Rules of Trust”.

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