Bloomberg Intelligence

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Emily Forgash, Bloomberg Energy Reporter, discusses NextEra Energy agreeing to pay about $67 billion in stock for Dominion Energy in the biggest power acquisition ever, creating a giant utility extending from Florida to the artificial intelligence data centers clustered in Virginia.

-Matthew Palazola, Bloomberg Intelligence, Senior Analyst, P&C Insurance, discusses 13F filings. According to Bloomberg Intelligence: Berkshire Hathaway's first 13F under CEO Greg Abel suggest more willingness to commit to tech stocks than under Warren Buffett, with the purchase of roughly $12.5 billion in Alphabet stock. This is likely to add volatility but add exposure to potential gains from AI and other emerging technologies.

-Ira Jersey, Bloomberg Intelligence Chief US Interest Rate Strategist, discusses a recent survey from Bloomberg Intelligence on the transition to Kevin Warsh as Fed Chair. According to BI: A significant majority of market participants expect the Treasury yield curve to steepen as Kevin Warsh takes the helm of the Fed. This appears to be the result of a similar share seeing Warsh as relatively dovish compared with his predecessor, Jerome Powell, though not an outright dove. Respondents see scope for eventual shifts in the Fed's policy framework, yet assign low odds to a $1 trillion-plus balance-sheet reduction.
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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses Cerebras Systems shares jumping 68% in its trading debut after raising $5.5 billion in the year’s largest IPO. This illustrates investors’ surging appetite for artificial intelligence data centers and the chips running them.

-- Anurag Rana, Bloomberg Intelligence Technology Analyst, discusses tech. Figma gave an outlook for revenue in the current period that topped analysts’ estimates, touting early traction from charging users directly for AI features. Apple's partnership with OpenAI has become strained, with OpenAI preparing possible legal action due to the AI startup not seeing the expected benefits from the deal.

-Sid Philip, Bloomberg Chief Correspondent for Global Aviation, discusses Boeing appearing to have secured an order from China during US President Donald Trump's visit to the country, but details on numbers, aircraft type, and timing are unclear.

- Randall Williams, Bloomberg Business of Sports Reporter, discusses the top business sports stories. Sheldon Adelson’s son-in-law, Patrick Dumont, has big plans for the Dallas Mavericks and the city. Also, a group led by Silver Lake executive Egon Durban is acquiring 25% of the Las Vegas Raiders, according to people familiar with the matter.
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Bloomberg Intelligence hosted by Paul Sweeney and Stacey Vanek Smith

- Ryan Vlastelica, Bloomberg Equities Reporter, discusses earnings from Cisco Systems. Cisco Systems jumped by the most in more than 14 years after the company delivered a better-than-anticipated sales forecast and announced plans to cut thousands of jobs, an attempt to focus on the fast-growing AI market.

- Dan Ives, Global Head of Technology Research at Wedbush Securities, discusses the Trump/Xi summit and how it impacts tech. President Trump has landed in China for the much anticipated summit with Xi where the two are scheduled to meet on Thursday and Friday, arriving at a critical moment for the tech cycle as geopolitics, chip export policy, and surging demand for compute are colliding, making the outcome critical for Nvidia, hyperscalers, and the greater tech ecosystem.

- Jody Lurie, Bloomberg Intelligence Credit Analyst, discusses the latest Bloomberg Intelligence travel survey. According to BI: At 65%, personal-safety concerns peaked in BI's US travel survey conducted April 17-28 amid the Middle East conflict, US policies towards visas and other geopolitical tensions. This may be affecting how much people travel internationally, as seen in a decline in respondents from the survey conducted in November.
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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

*Broadcasting From Eisner Amper West Coast Real Estate Summit in San Francisco, CA*

- Ed Ludlow, BTech Co-Anchor, discusses Anthropic being is in early talks with investors to raise at least $30 billion in fresh financing at a valuation of more than $900 billion. The round is expected to close as soon as the end of this month, but the deal is not finalized and no term sheet has been signed.

-Tarun Raisoni, CEO at Gruve AI, discusses the impact of AI on real estate. Gruve is an enterprise AI services platform that helps businesses move from AI experimentation to full-scale deployment. Its five-step framework covers strategy, data readiness, model development, security, and governance. By using AI agents to automate tasks like CRM migration and security monitoring, Gruve streamlines operations and integrates directly into client systems to deliver scalable, engineering-driven solutions with software-level efficiency.

-Ned Segal, Chief of Housing and Economic Development for the City and County of San Francisco, discusses leveraging partnerships in SF/real estate. Topics include what has changed for a small business owner trying to open their doors in this city today versus two years ago, office demand, and where SF stands with the current AI cycle. Ned is a passionate San Franciscan. He previously served as CFO at Twitter, SVP of Finance for Intuit’s Small Business Group, and a board member of Tipping Point Community.
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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Cecilia D'Anastasio, Bloomberg Video Game Reporter, discusses EBay rejecting a $56 billion takeover offer from GameStop Corp. Chief Executive Officer Ryan Cohen, describing the unsolicited bid as “neither credible nor attractive.” EBay’s board turned down the offer due to “uncertainty” around the financing plan, operational risks, and GameStop’s governance, among other factors.

-Lily Meier, Bloomberg Retail Reporter, discusses Under Armour. Shares sank after its guidance for this year missed Wall Street projections, weighed down by exiting a partnership with NBA star Stephen Curry and a financial hit from the conflict in the Middle East. Annual revenue will decline slightly, but it would have been little changed if the company still had the deal with Curry, the sporting-goods maker said Tuesday. Analysts on average projected a gain of about 2%.

-Sid Philip, Bloomberg Chief Correspondent for Global Aviation, discusses the Bloomberg Big Take story: “Boeing Bets Comeback on Trump, China and an Elusive New Plane.” Boeing’s new CEO, Kelly Ortberg, must soon decide how to replace the workhorse 737 aircraft, as the company tries to regain public trust after a series of sometimes deadly accidents. He's also trying to land a big sales deal in China, with Trump's help. Both the sale and the new plane will be key to reviving the aerospace giant.

-- Gautam Mukunda, Lecturer at Yale School of Management and Bloomberg Opinion contributor, discusses his Bloomberg Opinion column: “AI Isn’t Built for Bar Weather’s Black Swan Era.” AI models are matching or outperforming physics-based models in medium-range weather forecasting and are faster and require less computational infrastructure. These models struggle with extrapolating outside their training data, which can lead to failures when they encounter unusual weather patterns.
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