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Bloomberg

American Express Falls Despite Strong 2Q Profit; Verizon Earnings Beat | Stock Movers

On this episode of Stock Movers: - Charter Communications (CHTR) shares are lower in the premarket after the cable company reported second-quarter results that missed expectations on key metrics, including adjusted Ebitda and free cash flow. - American Express (AXP) shares are falling as even as it posted better-than-expected second-quarter profit as its cardholder base continued to spend in the past three months. The company said second-quarter expenses surged 12% as the company spent more on marketing to attract and retain premium cardholders. - Verizon (VZ) is lower, erasing an initial advance that came after the telecom company reported second-quarter results that beat expectations and raised its full-year forecast for adjusted earnings.

Read more: American Express Falls Despite Strong 2Q Profit; Verizon Earnings Beat | Stock Movers
Bloomberg

Trump's New Tariffs Likely Here to Stay for Some Time, Professor Says

Dartmouth College Professor of Economics Douglas Irwin discusses President Donald Trump's plan to extend a 10% tariff baseline that will cover most trading partners. Irwin says the Section 301 tariffs being used have a stronger legal ground than those struck down by the US Supreme Court earlier this year.

Read more: Trump's New Tariffs Likely Here to Stay for Some Time, Professor Says
Bloomberg

Fed's Warsh Should Hike Rates When He Can, Not When He Must, Dutta Says

Neil Dutta of Renaissance Macro Research says Federal Reserve Chairman Kevin Warsh should hike interest rates when he can, not when he must. Dutta says Warsh can probably get the FOMC to hold rates steady this month, but he may not be so lucky in September. Dutta speaks on "Bloomberg Surveillance."

Read more: Fed's Warsh Should Hike Rates When He Can, Not When He Must, Dutta Says
Bloomberg

Cisco AI Tool 'Antares' Will Protect Sensitive Data, CPO Says

Jeetu Patel, Cisco president and chief product officer, talks about an upcoming AI tool named '"Antares" that will be used to hunt down software bugs and protect sensitive customer data. He also talks about the recent security breach at Hugging Face by OpenAI models and how companies can protect themselves. Patel speaks on "Bloomberg Surveillance."

Read more: Cisco AI Tool 'Antares' Will Protect Sensitive Data, CPO Says
Bloomberg

Signal's Meredith Whittaker on OpenAI-Hugging Face Hack, China & Privacy

Meredith Whittaker, President of the Signal Foundation (the non profit organization which owns Signal Messenger) joins Bloomberg's The Pulse with Francine Lacqua. Whittaker warns that AI, alongside further tech legislation, risks undermining the principles of private communication.

Read more: Signal's Meredith Whittaker on OpenAI-Hugging Face Hack, China & Privacy
Bloomberg

Dangote Group Expects Revenue to Hit $100 Bln in 2030

Fatima Dangote, Dangote Group executive director of commercial operations for oil and gas, tells Bloomberg Television the company forecasts revenue to jump to $100 billion by 2030. Speaking in an exclusive interview with Bloomberg's Jennifer Zabasajja, Aliko Dangote's daughter says the growth is going to come mainly from the company's "refinery, fertilizer and cement" businesses.

Read more: Dangote Group Expects Revenue to Hit $100 Bln in 2030