Bloomberg Talks

In an exclusive interview, Emmanuel Roman, PIMCO CEO, said the U.S. midterms are important to watch from a portfolio and market perspective. He cited prediction-market odds of a 60% to 65% chance that Democrats win both the House and Senate, while noting that the scale of any House gains and the outcomes of individual races could influence what policy changes follow. He spoke to Bloomberg's David Ingles and Yvonne Man from the sidelines of the Global Financial Leaders' Investment Summit in Hong Kong. See omnystudio.com/listener for privacy information.

Wall Street’s top chiefs said that capital markets will continue to underwrite the global artificial intelligence infrastructure buildout, with Morgan Stanley projecting cumulative spending could reach $15 trillion over the next decade. Morgan Stanley Chief Executive Officer Ted Pick estimated that the largest technology hyperscalers could deploy between $800 billion and $1 trillion annually over a seven- to 12-year horizon. He spoke to Bloomberg's David Ingles and Yvonne Man from the sidelines of the Hong Kong Monetary Authority’s Global Financial Leaders’ Investment Summit. See omnystudio.com/listener for privacy information.

Goldman Sachs Chief Executive Officer David Solomon says a technology supercycle will dominate capital markets and financing activity as deal demand remains robust. He spoke to Bloomberg's David Ingles and Yvonne Man from the sidelines of the Hong Kong Monetary Authority’s Global Financial Leaders’ Investment Summit. See omnystudio.com/listener for privacy information.

Apple posted September quarter revenue that narrowly topped analysts’ estimates, with revenue rising 12% to $114.5 billion. Sales growth decelerated from a 16% clip in the June quarter, and results from Apple’s iPad and wearables businesses were particularly weak, but the iPhone remained strong. Revenue from the iPhone grew 17% to $57.6 billion during the quarter, topping an average estimate of $56.5 billion, and services rose 9.8% to $31.6 billion, matching estimates. Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech reacts after Apple releases Q3 earnings. He speaks with Bloomberg's Carol Massar and Tim Stenovec. See omnystudio.com/listener for privacy information.

Polls continue to strengthen Democratic prospects for victories tomorrow, The Director of the Suffolk University Political Research Center, David Paleologos. He speaks with Bloomberg's Joe Mathieu. See omnystudio.com/listener for privacy information.

Edward Yardeni, president at Yardeni Research, examines the potential market implications of a blue wave in the US midterm election, saying it “could be a very cold shower for the markets in terms of the gridlock” in government. He speaks on Bloomberg Television. See omnystudio.com/listener for privacy information.

Ryanair Chief Executive Officer Michael O’Leary speaks on Bloomberg Television after the airline announced it will embark on a cost purge to help offset a €2 billion ($2.2 billion) increase in fuel charges next year. “My advice to consumers now is book early for next summer because the prices are going to rise significantly,” O’Leary says. See omnystudio.com/listener for privacy information.

Ian Thomas, Chief Executive of the City of London Corporation has just been named as the UK's most influential Black person in this year's Powerlist honours. He joined Bloomberg's Caroline Hepker and Tiwa Adebayo to discuss the achievement, the City's global competitiveness and promoting diversity on corporate boards. See omnystudio.com/listener for privacy information.

David Baszucki, Roblox CEO, joined Bloomberg Tech with host Ed Ludlow to discuss how the company is betting that AI can help growth, child safety measures, and more. See omnystudio.com/listener for privacy information.

Starbucks Chairman and CEO Brian Niccol says that a multi-brand model is a possibility, calling it an "interesting proposition down the road," during an interview with Bloomberg's Romaine Bostick on Open Interest. Speaking a day after Starbucks released its quarterly earnings, Niccol also discusses plans for opening roughly 300 new stores in the US in fiscal year 2028 and aiming to double the international footprint to 40,000 stores. See omnystudio.com/listener for privacy information.

Billionaire and founder of the Arora Group, Surinder Arora reacts to the UK's budget and what it means for business leaders in the country. He told Bloomberg's Caroline Hepker that measures to help stimulate the economy don't go far enough. See omnystudio.com/listener for privacy information.

Rick Wurster, Charles Schwab CEO, talks investing in AI, the blend of AI with human financial guidance, stock value and prediction market popularity. He spoke to Bloomberg's Carol Massar and Tim Stenovec at Schwab IMPACT 2026 in Boston. See omnystudio.com/listener for privacy information.

White House National Economic Council Director Kevin Hassett expects the Federal Reserve to raise interest rates if inflation figures for this month are elevated. Speaking on "Bloomberg The Open" shortly after the latest PCE inflation report, Hassett says the Fed will "probably appropriately act" if inflation data come out high. He spoke to Bloomberg's Dani Burger and Isabelle Lee. See omnystudio.com/listener for privacy information.

Jeetu Patel, Cisco Systems President & Chief Product Officer, talks agentic AI going mainstream, how he sees personal agents as being the next big moment in AI industry growth, and where the industry is headed as a result. He spoke to Bloomberg's Tom Keene and Paul Sweeney. See omnystudio.com/listener for privacy information.

Jersey Mike's beat estimates with their 3rd Quarter earnings. CEO Charlie Morrison discussed the company's earnings report, their expansion plans, and same-store sales growth. Morrison spoke with Bloomberg's Romaine Bostick. See omnystudio.com/listener for privacy information.

Terry Duffy, Chairman & CEO of CME Group, discusses how commodity exchanges are urging US regulators to withhold approval of Kalshi’s proposed perpetual oil futures contract and potentially closing a loophole that gives retail traders access to offshore platforms. Duffy spoke with Bloomberg's Scarlet Fu and Isabelle Lee. See omnystudio.com/listener for privacy information.

Energy Secretary Chris Wright said that he expects diesel prices to be 'dropped significantly' but will need increased exports out of the Arabian Gulf to manage it amid the ongoing war with Iran. Wright also spoke about Russia's diesel output, saying that the only way Russia can benefit from recently permitted exports of diesel is to deliver a ceasefire on energy or end the war. Wright spoke with Bloomberg's Joe Mathieu. See omnystudio.com/listener for privacy information.

Baker Hughes beats Wall Street’s profit expectations but falls short of the high bar investors had set heading into earnings. Chairman and CEO Lorenzo Simonelli discusses the third-quarter results and outlook. Simonelli spoke with Bloomberg's Dani Burger and Isabelle Lee. See omnystudio.com/listener for privacy information.

Anduril is partnering with Qualcomm on Blue Chip, an effort to rebuild an American computer supply chain and reduce reliance on overseas manufacturing. The first product is planned to be a laptop designed and assembled in the United States, with circuit-board assembly at Anduril’s Arsenal-1 facility in Ohio. In an interview with Bloomberg's Ed Ludlow, Anduril founder Palmer Luckey said the initiative grew from concerns that critical industries—including the military, hospitals and power plants—depend on computers made in China. He said Anduril first tried to persuade other companies to build computers domestically, but ultimately decided to invest itself. The goal, he said, is to make the computer in the United States, including its chips, glass, metals, batteries and plastics. See omnystudio.com/listener for privacy information.

Robert Kaplan, Goldman Sachs Vice Chair & Former Dallas Fed President, joined Bloomberg's Tom Keene and Paul Sweeney to discuss the outlook for the Fed’s monetary policy, expectations for the October FOMC meeting, and the US economy. See omnystudio.com/listener for privacy information.

Gary Gensler, former SEC Chair and MIT Professor joined Bloomberg's Tom Keene and Paul Sweeney to discuss how current events are shaping the markets, the AI boom, and more. See omnystudio.com/listener for privacy information.

US equity futures stalled as traders turned their attention to a busy earnings slate and the upcoming Federal Reserve policy decision. Nasdaq 100 futures fell 0.2% and S&P 500 contracts were flat after Monday’s strong gains, with tech fundraising being the main sentiment driver. Markets are pricing a small chance of a quarter-point Fed hike this week and a strong probability of one in December, with the Fed's decision expected to determine global financial conditions. Mike Wilson, CIO and Chief US Equity Strategist at Morgan Stanley joins Bloomberg's Tom Keene and Paul Sweeney on Surveillance to discuss the markets and more. See omnystudio.com/listener for privacy information.

In an exclusive interview from UPS headquarters in Atlanta, Carol Tomé told Bloomberg's Romaine Bostick that UPS reported solid third-quarter results, including a return to volume growth among U.S. small-business and enterprise customers, and raised its full-year revenue and profit guidance. Based on customer forecasts, the company expects average daily volume to rise about 25% from the third quarter to the fourth during the holiday peak. Looking to 2027, Tomé expects package volume and revenue per piece to grow, while cost per piece rises more slowly, supporting profit and margin expansion. She said higher fuel and purchased-transportation costs drove all of the recent cost-per-piece increase, while about half of revenue-per-piece growth came from fuel surcharges and half from base rates and mix. See omnystudio.com/listener for privacy information.

Richard Walker, Executive Chairman of Iceland and Labour Peer, says a 'do no harm' budget from UK Chancellor John Healey is not enough given the cost of doing business is 'exceptionally expensive' in Britain, something he doesn't think politicians appreciate. He says the reported 4% hike to the national living wage would have a 'significant' impact on his business, and talked up tackling welfare reform, debt interest payments, and reviving the UK retail sector. He joined Bloomberg's Caroline Hepker and Stephen Carroll to discuss. See omnystudio.com/listener for privacy information.

Once Upon a Farm is broadening its refrigerated food lineup for older children, including newly launched organic electrolyte pouches. Jennifer Garner, the company’s cofounder and chief brand officer, said in an interview with Bloomberg's Romaine Bostick that she has spent time visiting retailers and suppliers and remains closely involved in the business. Garner said she joined after learning about the company’s fresh, organic, non-GMO baby food and its mission to make nutritious products accessible to more families. The company is extending its offering as its original customers’ children grow, aiming to serve babies through older kids and become a regular part of school lunchboxes. See omnystudio.com/listener for privacy information.

Democratic nominee for Georgia governor Keisha Lance Bottoms says she is calling for a pause on new data center construction in the state while officials assess the industry’s impact. Speaking to Joe Mathieu and Kailey Leinz on Bloomberg Balance of Power, Bottoms says the pause could last six months or longer, citing questions about strain on the electric grid, costs to ratepayers and impacts on the water supply. See omnystudio.com/listener for privacy information.

Stéphane Bancel, Moderna CEO, said in an interview with Bloomberg's Romaine Bostick, that he believes the personalized mRNA cancer vaccine his company is developing with Merck & Co. will work in a variety of tumors, directly addressing a key issue shrouding the company’s future. See omnystudio.com/listener for privacy information.

Bruce Richards, managing partner and head of CVC Marathon, says Anthropic should be able to raise substantial capital in its anticipated IPO, pointing to its rapid growth, revenue trajectory and place among trillion-dollar companies. He expects capital markets to finance Anthropic much as they have other major firms, and sees the listing as unlikely to be a test of investor appetite. Richards says open- and closed-weight AI models can coexist, comparing them with successful open and proprietary software ecosystems; he expects closed-model companies such as Anthropic to capture significant profits. He is broadly constructive on the company, citing strong demand for AI and a shortage of computing capacity. See omnystudio.com/listener for privacy information.

Anthropic filed for an IPO, moving a step closer to being the first company focused primarily on developing the most advanced artificial intelligence models to go public. The company behind Claude expects to begin trading on the Nasdaq Global Select Market under the symbol ANT, a filing Monday with the US Securities and Exchange Commission showed. For instant reaction, Bloomberg's Paul Sweeney and Jess Menton speak with Bloomberg Executive Editor for Global Tech Peter Elstrom and Bloomberg Intelligence Senior Tech Analyst Mandeep Singh. See omnystudio.com/listener for privacy information.

PIMCO UK Senior Advisor Rupert Harrison says he sees at least a 25% chance of an early election in the aftermath of the UK Budget this week. He discusses what to expect from Chancellor John Healey in the biggest event of the political and economic calendar in the UK, including potential tax hikes and measures to cut costs for consumers and businesses. Healey and new prime minister, Andy Burnham, are hoping to get through the fiscal event without the market ructions that have accompanied those of their short-tenured predecessors. He joined Bloomberg's Caroline Hepker and Stephen Carroll to discuss. See omnystudio.com/listener for privacy information.

At an agricultural commodity futures conference in Kansas, Bloomberg’s Tyler Kendall speaks with Kalshi CEO and Co-founder Tarek Mansour about the growing role of prediction markets in elections and the regulatory challenges facing the industry. Mansour calls this the first election in which prediction-market use is becoming institutionalized, saying campaigns rely on the markets for real-time information that he argues can be more accurate than polls. He says Kalshi is engaging with policymakers from both parties and supports regulation, including clear rules on prohibited markets, insider trading and participation by members of Congress and the administration, alongside customer protections. See omnystudio.com/listener for privacy information.

Ann Miletti, Head of Equity Investments at Allspring Global Investments, talked to Tom Keene and Paul Sweeney on Bloomberg Surveillance. She discussed her hometown Milwaukee Brewers representing the National League in the 2026 MLB World Series. See omnystudio.com/listener for privacy information.

Speaking with Tyler Kendall at an agricultural commodities futures conference in Kansas, CFTC Chair Michael Selig said the agency and exchanges monitor political prediction-market contracts for manipulation risks, including low trading volume. He said exchanges review contracts before listing them and surveil markets for suspicious activity. Asked whether investigations are underway related to the midterms, Selig declined to discuss potential investigations, but said the CFTC would investigate and prosecute suspected manipulation, wash trading or fraud. See omnystudio.com/listener for privacy information.

Nicușor Dan, President of Romania, joined Bloomberg's Joe Mathieu and Keiley Leinz on Balance of Power to discuss the war in Ukraine. Dan stated “The Russians are trying to escalate, to provoke all the European countries,” and that “We don’t have to go into this escalation process.”. See omnystudio.com/listener for privacy information.

Max Levchin, CEO of financial technology company Affirm, joined Carol Massar and Tim Stenovec on Bloomberg Businessweek Daily to discuss his company's new partnership with Sam's Club as the retailer's exclusive buy-now, pay-later partner, just weeks before the key holiday shopping season kicks off. See omnystudio.com/listener for privacy information.

OpenAI’s model helped identify a potentially catastrophic cybersecurity vulnerability in a programming language that runs millions of websites and applications. Greg Brockman, president of OpenAI, and Matthew Prince, CEO of Cloudflare — which helped protect websites before the flaw was publicly exposed — joined Bloomberg's Ed Ludlow to explain how AI is empowering cyber defenders and attackers. See omnystudio.com/listener for privacy information.

Blackstone President Jon Gray doesn't think there is an AI bubble. He says demand for AI is "almost parabolic." He spoke to Bloomberg's Dani Burger about investing in AI and the firm's third-quarter earnings results. See omnystudio.com/listener for privacy information.

Ramaco Resources CEO Randall Atkins says China is the 'bad guy' for dumping cheap steel onto global markets. The chief executive of the Nasdaq-listed metallurgical coal miner also says the company is pivoting towards rare earths development as the scramble for the metals accelerates, and both the US and Europe push to end their reliance on foreign supplies of critical materials. He spoke with Bloomberg's Caroline Hepker and Anna Edwards. See omnystudio.com/listener for privacy information.

Kuwait Petroleum Corporation CEO Sheikh Nawaf Al-Sabah said that company told customers that it would do 'everything possible' to ensure shipments of crude would continue despite the closure of the Strait of Hormuz. Al-Sabah said that the company has been able to produce over 2 million barrels a day and is looking into future pipelines to move crude. Al-Sabah spoke with Bloomberg's Romaine Bostick. See omnystudio.com/listener for privacy information.

With Bose acquiring Skullcandy today, CEO Lila Snyder discusses what the deal means for both companies, how the audio company is trying to reach the next generation with wired headphones, and the role AI will play in future products. Snyder spoke with Bloomberg's Romaine Bostick. See omnystudio.com/listener for privacy information.

Meta Platforms boosted its capital spending outlook and announced plans for a new class of nonvoting stock, escalating its already-stratospheric bet on artificial intelligence. Capital expenditures will be $135 billion to $145 billion in 2026, the social-media giant said during its quarterly earnings report Wednesday, raising the bottom end of the range from $130 billion. The moves show that Meta has confidence that its spending on artificial intelligence will bear fruit. Chief Executive Officer Mark Zuckerberg has struggled to persuade investors to accept the company’s ballooning expenses for ambitious AI bets. But in recent months, Meta has made headway with its technology. Meta shares rose in after-hours trading on Wednesday. They had gained about 6% this year through the close in New York. For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with Ed Ludlow, Bloomberg Tech co-host. See omnystudio.com/listener for privacy information.

United Airlines CEO Scott Kirby said the sharp rise in fuel prices is weighing on the airline’s outlook, though United has passed on about 72% of the increase so far. Recent booking yields are up more than 20%, and Kirby said United could approach full fuel-cost recovery with roughly a three-month lag if fuel prices stop rising. He expects the airline to remain profitable despite earning less in the second half than last year or previously anticipated. Scott Kirby speaks with Bloomberg's Jonathan Ferro and Lisa Abramowicz. See omnystudio.com/listener for privacy information.

Billionaire Ken Griffin said investors are “almost certainly” in the midst of an artificial intelligence bubble as many companies are still grappling with just how much they’ll spend on the technology and how it will transform the economy. Speaking to Bloomberg's Dani Burger on stage at the annual Citadel Securities Future of Global Markets conference in NYC, Griffin talks about the recent headlines in AI, protests in France, US fiscal policy, tariffs, the upcoming midterm elections and more. Hear the full conversation as presented live on Bloomberg TV and Radio. See omnystudio.com/listener for privacy information.

SpaceX exceeded estimates for quarterly revenue and profit, driven by substantial growth in its artificial intelligence and satellite internet businesses. Elon Musk’s satellite, rocket and AI conglomerate posted $4.4 billion in net income for the quarter ended in September, far better than analysts’ average projection of $1.88 billion. Revenue increased 161% from a year ago and also beat expectations. SpaceX shares rose in New York after the close of regular trading. For instant reaction and analysis, Bloomberg Businessweek Daily guest hosts Norah Mulinda and Alexis Christoforous speak with: Ed Ludlow, Bloomberg Tech co-host George Ferguson, Bloomberg Intelligence Global Head of Aerospace, Defense & Airline Analysis See omnystudio.com/listener for privacy information.

Mario Draghi, former President of the European Central Bank, joins Bloomberg's Lisa Abramowicz to discuss what he says is a "lack of growth" in Europe. See omnystudio.com/listener for privacy information.