Bloomberg Intelligence

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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

***Broadcasting Live from the New Jersey Institute of Technology***

-- Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses Bill Ackman kicking off formal marketing for the US initial public offering of his closed-end fund and his hedge fund. The IPO for Pershing Square USA Ltd. is expected to price on April 28, and could raise as much as $10 billion, according to a statement.

-Neil Sipes, Bloomberg Intelligence Financials Analyst, discusses earnings from Goldman Sachs. Goldman Sachs Group Inc. shares fell after the bank reported a surprise drop in bond-trading revenue, with fixed-income, currency and commodities revenue of $4.01 billion for the first quarter.

-Cassie Hallberg, CEO of NJIT-backed startup PureTrace Labs, discusses PureTrace Labs. The company is commercializing the technology of NJIT professor Hao Chen to dramatically speed PFAS testing turnaround and reduce cost. The technology is Paper Spray MS (PS-MS) and Desalting Paper Spray MS (DPS-MS) for rapid PFAS screening across water, soil, and packaging. (MS stands for mass spectrometry.)
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Bloomberg Intelligence hosted by Paul Sweeney and Alexandra Semenova

-Katherine Chiglinsky, Bloomberg US Finance Team Leader, discusses Treasury Secretary Scott Bessent and Fed Chair Jay Powell summoning Wall Street leaders to an urgent meeting on concerns that the latest AI model from Anthropic PBC will usher in an era of greater cyber risk.

- Poonam Goyal, Senior U.S. E-Commerce and Retail Analyst at Bloomberg Intelligence, discusses the latest on Nike’s recovery.
According to Bloomberg Intelligence: Nike’s turnaround is taking longer than initially expected though it's coming into clearer focus, with momentum building in North America and a defined roadmap for China.

-Steve Man, Bloomberg Intelligence Global Autos and Industrials Analyst, discusses how the auto industry is being impacted by the Iran war. According to Bloomberg Intelligence: The Iran war could add as much as $385 per vehicle in aluminum-related cost pressure, though that impact alone is manageable.EV makers such as Tesla, Rivian and Lucid face greater exposure than GM and Ford because battery electric vehicles use 50-75% more aluminum.
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Bloomberg Intelligence hosted by Paul Sweeney and Isabelle Lee

-Randall Williams, Bloomberg Business of Sports Reporter, discusses news that the US Justice Department has opened an investigation into whether the National Football League is engaging in anticompetitive tactics that drive up the cost for consumers of watching games. That’s according to a person familiar with the matter. The Wall Street Journal reported earlier on the opening of the investigation.

-Geetha Ranganathan, Bloomberg Intelligence Analyst on US Media, discusses recent news of the DOJ’s NFL probe. She also discusses a recent report that Walt Disney is planning job cuts under its’ new CEO.

-Anurag Rana, Bloomberg Intelligence Technology Analyst, discusses Amazon CEO Andy Jassy’s letter to shareholders. He also discusses CoreWeave striking a $21 billion deal to supply computing power to Meta Platforms through 2032.

-Redd Brown, Bloomberg Consumer Reporter, discusses earnings from Constellation Brands. Constellation Brands projected slower-than-expected growth for its beer business this year, renewing concern that declines in alcohol consumption have yet to hit their floor.
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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses earnings from Delta Airlines. Delta Air Lines expects to incur more than $2 billion in higher fuel costs through June because of the Iran war. The increase in fuel prices is forcing carriers to weigh how much of the higher expense they can pass on through fares without dampening bookings.

-Mary Ross Gilbert, Bloomberg Intelligence, Senior Equity Analyst, Covering Retail, discusses earnings from Levi Strauss. Levi Strauss & Co. raised its projections for the year after reporting better-than-expected quarterly results, citing strong demand in all regions.

-Max Chafkin, Bloomberg Businessweek Senior Reporter, discusses SpaceX’s planned IPO. Elon Musk is racing toward an initial public offering for SpaceX that could value it at around $2 trillion, despite the company's core business not changing much. Musk's attempt to capitalize on AI-related hype has led to a significant increase in SpaceX's valuation, with the company's revenue "approaching $20 billion" and its satellite internet service provider Starlink growing.
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The US and Iran agreed to a two-week ceasefire that’s expected to halt the American-Israeli military campaign in exchange for Tehran reopening the Strait of Hormuz.

President Donald Trump announced the agreement Tuesday on social media hours after Pakistan, a mediator in talks, implored the US leader to back off his deadline to unleash massive devastation on Iran if it did not meet his demands. The deal buys time for the two sides to reach a longer agreement to end the six-week-old war, which has killed thousands of people and sparked a global energy crisis.
Trump said he had agreed “to suspend the bombing and attack of Iran for a period of two weeks” as long as Iran agrees to “the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz.”

For instant reaction and analysis, Bloomberg Radio host Doug Krizner speaks with:

Bloomberg State Department and Foreign Policy Reporter Eric Martin
Bloomberg This Weekend co-host Christina Ruffini
Bloomberg White House and Washington correspondent Jeff Mason
Terry Haines, founder of Pangea Policy
Daniel Byman, Director of the Warfare, Irregular Threats, and Terrorism Program at the Center
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