Mag 7 Companies Likely to Sustain AI Capex Budgets, Analyst Zino Says
Angelo Zino, senior equity analyst at CFRA Research, is watching guidance on AI capex spending as the magnificent seven tech companies begin to report earnings.
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Angelo Zino, senior equity analyst at CFRA Research, is watching guidance on AI capex spending as the magnificent seven tech companies begin to report earnings.
Priya Misra, Core Plus Bond ETF portfolio manager at JPMorgan, hopes that Federal Reserve Chair Jerome Powell stays on at the Fed "as a risk management move," as he speaks at what is likely to be his final press conference as Fed chair.
The former ECB President Jean-Claude Trichet talks about the impact on Europe from the geopolitical tensions, a day before the ECB decision. He argues that recession is an option given the level of uncertainty, and the secondary effects of inflation are the real enemies of the ECB.
Earnings reports from Alphabet, Amazon.com, Meta and Microsoft, the four biggest spenders on artificial intelligence computing infrastructure, are due after the bell. Mandeep Singh of Bloomberg Intelligence has a preview.
Daniel Werfel, former Commissioner of the US Internal Revenue Service, joined Caroline Hepker and Lizzy Burden on Bloomberg Radio as the UK's tax authority undertakes a major digital overhaul. HMRC is aiming to move most customer interactions online by 2030, while updating legacy systems and exploring the use of AI. Werfel, now with Public Digital, which is advising HMRC, discussed the challenges of delivering large-scale government transformation, as well as concerns around AI, data protection and the security of sensitive public sector systems.
Federal Reserve officials are expected to leave interest rates unchanged on Wednesday, holding the benchmark rate in a range of 3.5% to 3.75% for a third consecutive meeting. Investors will be looking for clues about how long the Fed is willing to maintain its patient posture, as well as what Chair Jerome Powell says about his future at the central bank. Bloomberg's Jill Disis reports.
Airbus's adjusted earnings before interest and tax and revenue both fell short of analyst estimates in the first quarter, dragged down by a steep earnings drop at the main aircraft making subsidiary. The company said it's confident it can achieve its full-year aircraft delivery and earnings targets. Bloomberg's Benedikt Kammel reports.
Deutsche Bank CFO Raja Akram discusses the lender's first-quarter results, fixed-income trading and global uncertainty in light of the situation in the Middle East. "Credit and FX continue to outperform our expectations," Akram tells Bloomberg's Oliver Crook.
Anna Edwards, Guy Johnson, Tom Mackenzie and Adam Linton break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
Homayoun Falakshahi, head of crude oil analysis at Kpler, discusses energy markets as investors focus on the next step for peace talks between the US and Iran. He tells Bloomberg Television that should the US manage to sustain its blockade of the Strait of Hormuz for another two months, "Iran's oil revenues will drop to zero." Falakshahi also warns that should the waterway remain closed for another two months, prices for oil could go back to "roughly 120, 125 [dollars a barrel] for Brent."
UBS Group AG Chief Executive Officer Sergio Ermotti discusses the bank's intention to add to the $3 billion tally of share buybacks this year. Speaking to Bloomberg's Guy Johnson, Ermotti says the lender believes it's going to complete the $3 billion buyback "by the end of July."
Hans Patuwo, CEO of GoTo Group, discusses the Indonesian ride-hailing and food delivery business outlook and growth strategy after it reported its first-ever net income, a major milestone in its turnaround effort. He speaks with Haidi Stroud Watts on "Bloomberg: The Asia Trade".
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