Bloomberg Talks

Uber Technologies Inc. shares slid by the most in six months after the company issued a bookings outlook that just met analyst estimates, compounding concerns from investors about the company’s ability to evolve in the robotaxi era. Total gross bookings — a key metric that includes ride hails, delivery orders and driver and merchant earnings but not tips — will be $58.25 billion to $60.25 billion for the quarter ending in September, the company said Wednesday. For more, Uber CEO Dara Khosrowshahi spoke with Bloomberg Tech host Ed Ludlow.

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Aggressive AI spending plans by Amazon.com Inc., Microsoft Corp. and Alphabet Inc. provided fresh evidence that demand for chips and related equipment will remain strong, offering relief to a sector that’s been battered in recent days. Amazon boosted its forecast for full-year capital expenditures to $220 billion on Thursday, up from a previous estimate of $200 billion, with Chief Executive Officer Andy Jassy saying most of that spending will go toward artificial intelligence. The outlook was part of a rush of earnings reports delivered by so-called hyperscalers — the world’s largest cloud computing providers — and they showed there’s been no letup in ambitions for building AI infrastructure. 

For more, we get reaction from Dan Ives, Partner at Yorkville and Ives. He speaks with Tom Keene and Paul Sweeney on Bloomberg Surveillance.

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SpaceX stock fell after the company disclosed higher-than-expected spending on its artificial intelligence business, dampening an inaugural quarterly report that broadly surpassed Wall Street forecasts.  Shares of Elon Musk’s rocket, satellite and AI conglomerate tumbled as much as 8.8% in US postmarket trading after it said capital spending jumped to about $18.4 billion in the second quarter. 

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:

• Ed Ludlow, Bloomberg Tech co-host
• Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research

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Nate Baxter, CEO and President of Scotts Miracle-Gro, joined Bloomberg Television after the company’s investor day to discuss its new growth targets, the strategy behind its 2027–2029 outlook, and how the company is trying to reach younger consumers through digital media, e-commerce and new product channels. Baxter spoke with Bloomberg's Romaine Bostick on The Close.

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American Petroleum Institute CEO & President Mike Sommers says that about 7 of the 11 million barrels per day needed to see lower gas prices are now getting through the Strait of Hormuz. Sommers spoke with Bloomberg’s Joe Mathieu and Kailey Leinz on the early edition of Balance of Power.

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Eric Cantor, Vice Chair & Managing Director at Moelis & Co. and former House Majority Leader, joins Bloomberg Surveillance to discuss the supercycle in AI infrastructure, resilience in capital markets and whether Washington can manage rising deficits as private investment accelerates.

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Hugging Face CEO Clement Delangue discusses OpenAI models' hack on Hugging Face last month and the future of AI regulation. Talking about the hack, Delangue, said that while companies want AI agents to think outside the box, they don't want AI to 'think outside the sandbox' and stay in the closed testing environment. Delangue also discussed government involvement in AI regulation and said that there is a risk that too much government intervention would result in a 'concentration of power' and said that is one of the biggest risks in the AI space. He talks to Bloomberg's Ed Ludlow.

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Amazon Web Services CEO Matt Garman says the company will keep investing in capex. “Today, demand still significantly outstrips supply and we’re trying to build and invest to keep up with what customers are asking for." He talks to Bloomberg's Ed Ludlow.

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Torsten Slok, Chief Economist at Apollo, said that while AI and the Fed may be issues more at the forefront of the economic conversation, risk from the Iran war and its subsequent impact on fuel stores remains an important factor in the background. Slok also commented the possibility that the Fed may have fewer meetings, saying that market will still try to price the Fed regardless of the schedule.

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IBM Vice Chairman Gary Cohn says, “the market became addicted to knowing what the Fed was going to do” as he discusses market reaction to Federal Reserve Chairman Kevin Warsh’s handling of the US central bank. Cohn also discusses Japan and the US Treasury Department working together to shore up the yen and the instabilities being dealt with by markets. He talks to Bloomberg's Jonathan Ferro and Lisa Abramowicz.

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