Delta Air Lines Inc. reduced its full-year earnings outlook as jet fuel prices remain elevated, signaling mounting pressure on an airline industry whose smaller players are even less equipped to weather spiraling costs. Bloomberg's Chief Correspondent for Global Aviation, Sid Philip, joins to discuss.
Credit markets are again becoming jittery over the prospects of more mega debt deals hitting a market already flush with financings to pay for the AI arms race. Jared Gross, Head of Institutional Portfolio Strategy at JPMorgan Asset Management, discusses AI asset allocation and why he believes the AI buildout is indeed a boom, not a bubble.
Brooklyn Sports & Entertainment CEO Sam Zussman joins Bloomberg to discuss the New York Liberty's playoff push, how youth basketball and community clinics power the franchise's growth, and why live WNBA action and concerts at Barclays Center are drawing record crowds in an age of AI and tight consumer budgets.
Fort Lauderdale is no longer just a sleepy retirement town. New York developers and wealthy buyers from across the US are pouring into this booming waterfront city, drawn by luxury condos, better taxes, and a younger, vibrant lifestyle. Miki Naftali, the Chairman and CEO of Naftali Group joined Bloomberg Open Interest to talk about the South Florida luxury real estate boom.
Wall Street traders betting on a another solid earnings season sent stocks higher, with the market also gaining as oil prices eased. Aoifinn Devitt, Managing Director: Global Wealth at Moneta Group, discusses the markets, global inflation and economic growth in the US and abroad.
On this episode of Stock Movers: - Delta (DAL) shares are sliding after the company reduced its full-year earnings outlook due to high jet fuel prices stemming from the war in the Middle East. - Humana (HUM) is surging as the company improved its performance on crucial Medicare Advantage quality ratings that will boost future revenue. Shares of CVS meanwhile fell as ratings for some of its largest plans deteriorated, while UnitedHealth shares were little changed in premarket trading. - Apple (AAPL) shares are slipping after a report that the company cut component orders for the iPhone 18 Pro and iPhone 18 Pro Max following weaker-than-expected demand.
University of Michigan Surveys of Consumers Director Joanne Hsu says US consumers have been "loud and clear" about their struggles with higher prices and their outlook for the economy has declined since the beginning of the year. She speaks on "Bloomberg Open Interest."
Joachim Klement, managing director and research analyst at Panmure Liberum, explains the risks the firm sees on Artificial Intelligence names and discusses the potential for a severe AI-triggered market crash. He speaks on "Bloomberg Open Interest."
SpaceX is acquiring a crucial swath of spectrum from Grain Management. The new spectrum allows SpaceX to beam cell service to devices indoors from its Starlink network of satellites and will be combined with a terrestrial network to connect devices everywhere. Sana Pashankar reports on "Bloomberg Open Interest."
OpenAI is expecting to reach or exceed $70 billion in annualized revenue by the end of the year, driven largely by growth in its enterprise business. Ed Ludlow reports on "Bloomberg Open Interest."
Angelini Industries CEO Sergio Marullo di Condojanni discusses acquisition and growth prospects on "The Pulse with Francine Lacqua" on Oct. 6.
Sheila Kahyaoglu, senior equity research analyst at Jefferies, examines third-quarter results from Delta Air Lines, which cut its full-year earnings outlook on high jet fuel prices. She speaks on "Bloomberg Surveillance."
