Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

SpaceX’s revenue exceeded Wall Street’s expectations in the company’s first quarterly financial report following its blockbuster initial public offering in June.

Elon Musk’s satellite, space and artificial intelligence conglomerate reported revenue of $7.8 billion on Tuesday, greater than than the $6.81 billion analysts polled by Bloomberg estimated on average.
It also unveiled an operating loss of $1.26 billion from its AI business, better than the consensus for a loss of $2.39 billion. SpaceX’s eagerly awaited quarterly results cap a roller coaster ride since the company raised $86 billion in the largest stock-market debut of all time. Its shares have since plunged in a bout of post-IPO volatility and a broader AI selloff, erasing more than $1 trillion in market value from their peak along with Musk’s status as the world’s first trillionaire.

On this episode, Carol Massar and Tim Stenovec speak with:
Mandeep Singh, BI Global Head of Technology Research and Ed Ludlow, host of Bloomberg Tech
Kate Gulliver, CFO, Wayfair
Richard Bourke, Bloomberg Intelligence Senior Analyst, Metals & Mining on Copper Tops $14,000 as US Stockpiles Swell Before Tariff Call
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Joel Rieger, a former software sales executive, used AI to revive his automated options-trading program, which he had initially tried to build manually with limited success. Rieger's AI-assisted model has shown promising results, returning around 14% this year and outperforming the broader market, after initial losses due to incorrect volatility data and training mistakes. The use of AI in trading is seen as a democratizing force, allowing individual investors to access sophisticated algorithms and strategies previously reserved for hedge funds, but it also poses risks, such as amplifying losses and guiding investors into complex trades.
For more, Carol Massar and Tim Stenovec speak with Bernard Goyder, US Options Reporter
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
President Donald Trump said his latest offer of talks is a “last chance” for Iran after he called off what he said was a major attack on the Islamic Republic. Iran denied it was negotiating with the US, but said talks with Oman to get more ships moving through the Strait of Hormuz are making progress. Despite the conflicting signals, the suggestions of renewed diplomacy pushed oil prices lower on Monday, with Brent crude down about 4.6% to just under $84 a barrel.
“I want to give them every last chance before decapitation,” Trump told reporters in the Oval Office. “You’ll find out today or tomorrow. I mean, they’re going to go quickly, one way or the other. It’s not very complex.”
It wasn’t clear what negotiations Trump was referring to or who was involved. He’s repeatedly cited diplomatic efforts when he backed off threats of military escalation only to see talks fail. US and Israeli strikes at the start of the war killed much of Iran’s senior leadership.
On this episode, Carol Massar and Tim Stenovec speak with:
Jeff Mason, Bloomberg News White House and Washington Correspondent
Torsten Slok, Chief Economist at Apollo Global Management
Lizzie Dove, US Gaming, Lodging and Leisure Research Analyst at Goldman Sachs recaps Hyatt, Marriott earnings, state of leisure sector amid summer travel
Ran Eliasaf, Founder & Managing Partner of Northwind Group on the state of Commercial Real Estate
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Bloomberg Pursuits Food Editor Kate Krader joins to discuss her latest work including Eight Bosses Share the Biggest Money Regrets in Their Careers and How 13 CEOS and Bosses Psych Themselves Up for Their Big Moments. She speaks with hosts Carol Massar and Tim Stenovec.
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Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by Carol Massar and Tim Stenovec

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