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Bloomberg

'No Signs Whatsoever' of High-End Consumer Pullback: Hyatt CEO

Mark Hoplamazian, president & CEO at Hyatt Hotels Corporation, joins Scarlet Fu on "Bloomberg Markets." Hyatt shares climb after the hotel operator reported adjusted earnings-per-share for the first quarter that topped analysts' expectations. Analysts were encouraged by the update, which showed that the company's luxury chains continue to outperform.

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Bloomberg

Investors Need Proof of Meta's Spending Paying Off: Feeney

JoAnne Feeney, portfolio manager & partner at Advisors Capital Management. joins Scarlet Fu on "Bloomberg Markets." Meta Platforms shares plunged by the most in six months after the company raised its spending outlook for the year, reigniting fears that the historic levels of investment that CEO Mark Zuckerberg is making to catch up in the artificial intelligence race won't pay off.

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Bloomberg

Meta Needs to Stop Spending As If It's A Cloud Giant: Lee

Dave Lee from Bloomberg Opinion critiques Meta's positioning as a cloud business, highlighting that unlike true hyperscalers such as Amazon and Google, Meta does not demonstrate healthy growth in cloud sales driven by AI. Despite Meta's substantial capital expenditure of up to $145 billion, its AI strategy appears unconvincing, as reflected in the cautious tone of its leadership during the earnings call. Lee emphasizes that Meta's cloud investments do not translate into the same growth metrics seen in established cloud providers, suggesting the company should reconsider its spending approach in this area. Original filename: 20260430_164535_Bloomberg_Opinion_Meta_s_Cloud_Spending_Lacks_Conviction_Am.mp4

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Bloomberg

Freeport Shares Slide as Indonesian Mine Restart Faces Delay

Bloomberg's Jacob Lorinc joins Scarlet Fu on "Bloomberg Markets." Freeport-McMoRan fell after the copper miner warned that a slower ramp-up at its flagship Grasberg mine in Indonesia will weigh on future production. The top US copper producer said it's pushing back the restart schedule at the Grasberg complex after discovering new challenges with specialized equipment needed to restart operations following last year's deadly mudslide.

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