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Apple's Revamped AI Smashes Against Down Market

Expectations are running high for Apple's Worldwide Developers Conference, where the company is expected later Monday to unveil the biggest overhaul of Siri in years, including a chatbot-style interface and deeper integration across the iPhone, iPad and Mac. Bloomberg Tech co-Host Ed Ludlow discusses his expectations for the conference and how developments in Siri could impact the rest of the AI space. He also addresses investor expectations for the upcoming SpaceX IPO.

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Bloomberg

Campbell's Earnings Beat; Eli Lilly Obesity Drug Results | Stock Movers

On this episode of Stock Movers with Alexis Christoforous: - Shares of The Campbell's Company (CPB) edged higher ahead of the US market open after the canned soup maker reported adjusted earnings per share for the third quarter that beat the average analyst estimate. - Eli Lilly (LLY) shares gained in the early session following obesity drug presentations at the American Diabetes Association conference. Citi analysts say their conviction on Lilly is firmly intact, given the company's incretin portfolio is "not built around singular blockbusters." - Shares of Marvell Technology (MRVL) and Flex (FLEX) are rising in premarket trading as the companies are set to replace Pool Corp. and Campbell's in S&P 500 before the market open on June 22, S&P Dow Jones Indices says in emailed statement.

Read more: Campbell's Earnings Beat; Eli Lilly Obesity Drug Results | Stock Movers
Bloomberg

Air New Zealand Will Cut Some Flights Due to Fuel Costs

Air New Zealand CEO Nikhil Ravishankar says the airline will cut some flights due to rising fuel costs. The national carrier has raised prices and cut costs as New Zealanders defer non-essential spending, including travel. He speaks to Bloomberg's Guy Johnson at the IATA  annual general meeting in Rio de Janeiro.

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Bloomberg

Etihad Airways CEO Says Carrier Is Discounting Tickets

Etihad Airways CEO Antonoaldo Neves speaks to Bloomberg's Guy Johnson at the International Air Transport Association (IATA) conference in Rio de Janeiro. He says the carrier is discounting tickets by keeping fares at a stable level despite the 70% jump in fuel costs. Neves also talks about securing delivery dates for new aircraft from Boeing and Airbus SE.

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Bloomberg

IATA Director Walsh Says the Airline Industry Is Not in a Crisis

The International Air Transport Association (IATA) Director Willie Walsh says the air transport industry faces challenges, but is not in a crisis. He tells Bloomberg's Guy Johnson that the economic environment is "still positive." They spoke at the IATA annual meeting in Rio de Janeiro.

Read more: IATA Director Walsh Says the Airline Industry Is Not in a Crisis