Bloomberg Talks

Baker Hughes beats Wall Street’s profit expectations but falls short of the high bar investors had set heading into earnings. Chairman and CEO Lorenzo Simonelli discusses the third-quarter results and outlook. Simonelli spoke with Bloomberg's Dani Burger and Isabelle Lee.

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Alphabet reported quarterly sales and profit in the third quarter that fell short of expectations, a sign that the firm is failing to generate enough return to justify its massive investments in AI. The stock fell in late trading. Google’s parent company said sales, excluding partner payouts, were $111.2 billion for the three months that ended Sept. 30, just below the $111.3 billion that analysts had projected on average. Alphabet reported net income of $2.12 a share, falling far below Wall Street’s estimate of $2.99.

The company’s shares were down as much as 8.5% in after-hours trading.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with Bloomberg Tech host Ed Ludlow.

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Bloomberg's Tom Keene, Jon Ferro and Lisa Abramowicz discuss remarks from Fed Chair Kevin Warsh following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.

Federal Reserve officials left interest rates unchanged and reiterated their commitment to containing inflation without offering a clear signal they might raise rates at their next meeting in December.

But Fed Chairman Kevin Warsh, in a press conference that followed the decision, said officials have “made clear our readiness to act as circumstances require, and we have shown our willingness to act.”

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Anduril is partnering with Qualcomm on Blue Chip, an effort to rebuild an American computer supply chain and reduce reliance on overseas manufacturing. The first product is planned to be a laptop designed and assembled in the United States, with circuit-board assembly at Anduril’s Arsenal-1 facility in Ohio. In an interview with Bloomberg's Ed Ludlow, Anduril founder Palmer Luckey said the initiative grew from concerns that critical industries—including the military, hospitals and power plants—depend on computers made in China. He said Anduril first tried to persuade other companies to build computers domestically, but ultimately decided to invest itself. The goal, he said, is to make the computer in the United States, including its chips, glass, metals, batteries and plastics. 

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Robert Kaplan, Goldman Sachs Vice Chair & Former Dallas Fed President, joined Bloomberg's Tom Keene and Paul Sweeney to discuss the outlook for the Fed’s monetary policy, expectations for the October FOMC meeting, and the US economy.

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Gary Gensler, former SEC Chair and MIT Professor joined Bloomberg's Tom Keene and Paul Sweeney to discuss how current events are shaping the markets, the AI boom, and more.

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US equity futures stalled as traders turned their attention to a busy earnings slate and the upcoming Federal Reserve policy decision. Nasdaq 100 futures fell 0.2% and S&P 500 contracts were flat after Monday’s strong gains, with tech fundraising being the main sentiment driver. Markets are pricing a small chance of a quarter-point Fed hike this week and a strong probability of one in December, with the Fed's decision expected to determine global financial conditions. Mike Wilson, CIO and Chief US Equity Strategist at Morgan Stanley joins Bloomberg's Tom Keene and Paul Sweeney on Surveillance to discuss the markets and more.

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In an exclusive interview from UPS headquarters in Atlanta, Carol Tomé told Bloomberg's Romaine Bostick that UPS reported solid third-quarter results, including a return to volume growth among U.S. small-business and enterprise customers, and raised its full-year revenue and profit guidance.  Based on customer forecasts, the company expects average daily volume to rise about 25% from the third quarter to the fourth during the holiday peak. Looking to 2027, Tomé expects package volume and revenue per piece to grow, while cost per piece rises more slowly, supporting profit and margin expansion. She said higher fuel and purchased-transportation costs drove all of the recent cost-per-piece increase, while about half of revenue-per-piece growth came from fuel surcharges and half from base rates and mix.

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Richard Walker, Executive Chairman of Iceland and Labour Peer, says a 'do no harm' budget from UK Chancellor John Healey is not enough given the cost of doing business is 'exceptionally expensive' in Britain, something he doesn't think politicians appreciate. He says the reported 4% hike to the national living wage would have a 'significant' impact on his business, and talked up tackling welfare reform, debt interest payments, and reviving the UK retail sector. He joined Bloomberg's Caroline Hepker and Stephen Carroll to discuss.

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Once Upon a Farm is broadening its refrigerated food lineup for older children, including newly launched organic electrolyte pouches. Jennifer Garner, the company’s cofounder and chief brand officer, said in an interview with Bloomberg's Romaine Bostick that she has spent time visiting retailers and suppliers and remains closely involved in the business. Garner said she joined after learning about the company’s fresh, organic, non-GMO baby food and its mission to make nutritious products accessible to more families. The company is extending its offering as its original customers’ children grow, aiming to serve babies through older kids and become a regular part of school lunchboxes.

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