May 1, 2024 • 17 mins
On today's podcast:
1) NYPD Clears Protesters Occupying Columbia’s Hamilton Hall
2) Amazon Reports Strong Cloud Unit Sales on Rising AI Demand
3) Fed to Signal Delay of Interest-Rate Cuts
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Episode Transcript
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Speaker 1 (00:02):
Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Nathan
Hager and I'm Karen Moscow. Here are the stories we're
following today.
Speaker 2 (00:16):
We have new developments on the pro Palestinian protests at
Columbia University and across the country. Let's get the very
latest with Bloomberg's John Tucker bag on you.
Speaker 3 (00:27):
You at the epicenter of the protests. New York City
police moved in just after nine o'clock last night, entering
Columbia University's Hamilton Hall with a ladder truck through an
upstairs window. They pushed through mounds of furniture piled up
as barricades. As arrests were made. Some people were led
away bound by zip ties. Mayor Eric Adams did deliver
(00:47):
a warning before police began making arrests.
Speaker 4 (00:50):
I'm urging every student and every protestant to walk away
from this situation.
Speaker 5 (00:57):
Now they continue your advocacy.
Speaker 3 (01:00):
Through other means, The Police Commissioner sai. Among those arrested
were people who had no affiliation with Columbia. As those
arrested were loaded on buses, demonstrators on the streets wave
Palestinian flags and chanted into fada the building was cleared
to protesters after about two hours. That was the scene
in New York. In Los Angeles early today, police were
(01:21):
responding immediately to a request for support of the University
of California campus. John Tucker Bloomberg Radio, all.
Speaker 6 (01:28):
Right, John, Thanks well.
Speaker 1 (01:29):
Lawmakers are calling more university leaders to Capitol Hill to
testify about anti Semitism on campus, and Bloomberg's Nancy Lyons reports.
Speaker 6 (01:38):
With pro Palestinian protests and encampments growing at universities across
the country, the House Committee on Education in the Workforce
is expanding its questioning about campus activity. It's now calling
on the presidents of Yale, the University of Michigan, and
UCLA to testify May twenty third. The presidents of Harvard, MIT,
and Penn appeared before the committee in December, while the
(02:00):
president of Columbia testified in early April. Most who have
appeared before the committee have been criticized by some lawmakers
as being evasive and overly legalistic. In Washington, Nancy Lyons
Bloomberg Radio.
Speaker 7 (02:13):
All Right, Nancy, thank you.
Speaker 2 (02:14):
Then, the Middle East Secretary of State Anthony Blincoln continues
his push for a ceasefire between Israel and Hamas. Blincoln
met today in Tel Aviv with Israeli President Isaac Herzog,
and he called on Hamas to accept Israel's terms for
appause in fighting in exchange for hostages.
Speaker 8 (02:28):
We're determined to get a ceasefire that brings the hostages vault,
and to get it now, and the only reason that
that wouldn't be achieved is because of Hamas.
Speaker 2 (02:39):
And Secretary Blincoln says the release of hostages in Gaza
is at the heart of US foreign policy. That policy
may be shifting when it comes to Palestinians caught up
in the fighting. According to CBS News, the Biden administration
is considering allowing certain Palestinians into the US as refugees
if they have family members who are American citizens or
permanent residents. Until now, the more than four decade old
(03:01):
US refugee program has never been used to resettle Palestinians
in large numbers.
Speaker 1 (03:07):
Well Nathan in Legal News this morning, former President Donald
Trump is getting a break from his Manhattan hush money
trial today, but there have been significant developments in the
last twenty four hours. In Bloomberg Law, host Doing Granso
has the details from New York.
Speaker 9 (03:22):
Donald Trump was held in contempt of court yesterday and
fined nine thousand dollars for repeatedly violating a gag order
that barred him from making public statements about witnesses and jurors.
The judge warned that if there are other violations, Trump
may end up in jail, and the jury heard the
most vivid testimony yet about payments to silence a former
(03:44):
Playboy playmate, Karen McDougall at an adult film star Stormy
Daniels before the twenty sixteen election. Los Angeles attorney Keith Davidson,
who represented both, recounted frantic talks with Trump's former lawyer,
Michael Cohen and the National Inquirer, whose publisher wanted to
help Trump win the presidency. In New York, June, Gross
(04:05):
Obenberg Radio.
Speaker 7 (04:06):
All right, June, thank you.
Speaker 2 (04:08):
Turning to Market's futures are lower as we begin this
new trading month. The S and P five hundred dropped
more than four percent in April, snapping a streak of
five straight monthly gains. The dollar notched its fourth consecutive
monthly advance. That's the longest winning run for the greenback
since September twenty twenty two.
Speaker 1 (04:26):
Well Nathan Corporate earnings continued to be front and center.
Shares of Amazon at more than two percent in early trading.
Profit and revenue came in above analyst estimates. The company's
cloud unit, AWS posted the strongest sales growth in a year.
Begin More from Bloomberg Technology Host and Ludlow from San Francisco.
Speaker 10 (04:44):
AWS is the clear market leader in cloud, bigger than
Microsoft as you're certainly bigger than Google's cloud platform. It's
seeing accelerating growth. Growth in the fourth quarter was about
thirteen percent, It's now nearer to fourteen and a half
fifteen percent, and the strategy is basically be a place
where other companies who are interested in AI can build
(05:04):
whatever software it is they want on aws's platforms.
Speaker 6 (05:07):
Bloomberg's and Ludlow says.
Speaker 1 (05:09):
Despite the strong cloud performance, the company's sales forecast for
the current quarter fell short of estimates.
Speaker 2 (05:15):
Karen A couple other high tech companies are taking it
on the chin. This morning, shares of Advanced micro Devices
are down more than six percent. The second biggest maker
of computer processors gave a lukewarm revenue forecast for the
current period. It's being weighed down by lackluster demand for
chips used in video game hardware.
Speaker 1 (05:32):
Well Nathan, shares of a super microcomputer are down nine
and a half percent. The company did report quarterly sales
that tripled from the same period last year, but they
fell slightly short of estimates. That's disappointing investors who had
sky high expectations that the server maker's business would benefit
from AI related demand.
Speaker 2 (05:51):
And Starbucks investors are getting a jolt to the downside.
Those shares are down twelve percent. Sales at the coffee
chain fell for the first time since twenty twenty. If
this morning's declined holds, it would be Starbucks' biggest stock
drop since March of twenty twenty, the early days of
the pandemic.
Speaker 1 (06:09):
Well Nathan, Let's turn to the economy now. The Fed
is expected to leave rates on hold once again, but
attention will turn to j Powell's news conference after their decision.
We get a preview from Bloomberg's Michael McKee.
Speaker 11 (06:20):
If today's FED meeting were a Dickens novel, it might
be called small expectations. Policymakers are not going to change
the nation's benchmark interest rate, They are not providing new
economic forecasts, and they are not issuing a new dot
plot outlook for rates. Chair j Powell's press conference is
essentially the only chance for any market moving news, and
(06:41):
he will be working hard not to provide any expected
to maintain the FED line. We don't have enough confidence
to cut rates, and we're not thinking of raising rates,
at least not yet. Michael McKee, Bloomberg Radio.
Speaker 1 (06:53):
All right, Mike, thanks well for full team coverage at
the FED decision and Powell news conference. Day tuned to
a Bloomberg Radio and television for the Bloomberg Surveillance special
the Fed discides. It all begins at one thirty pm
Wall Street Time. But it's time now for a look
at some of the other stories making news in New
York and around the world, and for that we're joined
(07:15):
by Bloomberg's Michael Barr.
Speaker 6 (07:16):
Michael, Good Morning, Good morning.
Speaker 4 (07:18):
Karen. Tim Kennedy declared victory in a special election to
replace former New York Representative Brian Higgins and serve the
rest of the term. It keeps the Buffalo area district
and Democrats control. Higgins resign in February after being named
president of a performing arts center in Buffalo. Kennedy, a
state senator, defeated Republican Gary Dixon, a town supervisor in
(07:42):
the upstate New York district that includes the cities of
Buffalo and Niagara in the heavily blue district.
Speaker 5 (07:48):
This victory is your victory.
Speaker 4 (07:51):
This victory is our victory.
Speaker 2 (07:54):
Tonight, we are one step closer to preserving.
Speaker 4 (07:59):
Tom audio courtesy of WIVBTV. The margin of victory for
Kennedy was seventy eight to twenty two percent. A six
week abortion ban takes effect today in Florida, replacing a
previous restriction of fifteen weeks. National Right to Life President
Carol Tobias.
Speaker 6 (08:17):
I'm very excited about fifty percent of all abortions occur
after that point in pregnancy, so this bill is going
to save a.
Speaker 11 (08:25):
Lot of lives.
Speaker 4 (08:26):
Meanwhile, Michelle Cassada, a spokeswoman for Planned Parenthood in Florida,
says the band will have an immediate impact in the state.
Speaker 12 (08:34):
We're looking at tens of thousands of patients that are
either going to have the travel hundreds, if not thousands
of miles to another state with access, or be forced
to carry a pregnancy against their will.
Speaker 4 (08:45):
Casada says most women who seek abortion care are between
eight and ten weeks pregnant. New York City police fatally
shot a man after a brief stand off in Manhattan.
Officials say two officers had an investigator with a Department
of Homeland Security part of a gang violence task force,
identified and approached the twenty five year old man suspected
(09:06):
of committing a violent crime. The n MYPD says the
man ran inside an optical story he was standing in
in front in Chelsea Chaef. Joseph Kennedy, a Kennedy reader
says that the man produced a gun and after a
brief struggle, shots were fired.
Speaker 10 (09:22):
The mail was removed to an area hospital, where he
was pronounced dead.
Speaker 4 (09:25):
A member of the task for US received minor injuries.
The Biden administration is taking a major step toward reclassifying
marijuana as a less dangerous drug. The move would not
legalize pot, but the consequences for using it would be
less severe. Global News twenty four hours a day and
whenever you want it with Bloomberg News Now Michael Barr
(09:45):
and this is Bloomberg Heart.
Speaker 1 (09:47):
Sorry Michael Burr, thank you time now for the Bloomberg
Sports Update with John stash Hour.
Speaker 13 (09:57):
John, Good morning, Good morning Care on the Mixter getting
read of head back to Philadelphia for our game six tomorrow,
and it certainly didn't look like that was going to
be the case. Game five that the guard Knicks led
the Sixers by six with twenty eight seconds to go,
but Tyrese Maxie with a four point play, and after
Josh Hart missed a free throw, Maxie with a three
pointer from about thirty five feet forced overtime. Six Ers
(10:18):
trailed by five and ot came back. They won one
twelve to one oh six as Maxie scored forty six points.
Jalen Brunson had forty in the loss. Nick touchdown. Thibodeaux
asked about how regulation ended, and again.
Speaker 14 (10:30):
In those situations, you talk about what you want to
do there out of timeouts. Josh, you's got two free throws,
it's two, So you have to, you know, communicate what
your decisions are. And so you know, we could have
done better in that situation.
Speaker 4 (10:47):
And we will.
Speaker 13 (10:48):
Two other games in the East Milwaukee State Alive one
fifteen ninety two over Indiana's the leads three to two.
Cleveland top to Orlando by a point, Caves are up
three to two. Home teams won every game the season's
over for the Islanders. They fought back in Raleigh, down
three to one, game was tied going to the third
period Carolina with two goals in eight seconds. Hurricanes won
six to three and the Kynes will now take on
(11:09):
the Rangers in the second round Toronto in overtime win
at Boston, cutting the Bruins lead to three to two,
Nashville one. In Vancouver, Colorado finished off Winnipeg at Cityfield.
Three run homer, sixth towenty for DJ Stewart gave the
Mets the six to one, went over the Cubs another
two run light hitting Yankee loss in Baltimore Orioles one
forty two. Johns Stashawa, Bloomberg Sports Canon Nathan.
Speaker 8 (11:30):
Coast to Coast on Bloomberg Radio, nationwide on Sirius XM,
and around the world on Bloomberg dot Com and the
Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm
Nathan Hager. We want to get more now.
Speaker 2 (11:44):
In the big tech earning story of the morning, that
would be Amazon. The e commerce giant reported profit and
revenue in the first quarter that did beat Wall Street estimates,
with its strongest sales growth in the cloud in a year,
but the forecast for the current quarter is falling short
in what may be a warning sign for the main
e commerce business over at Amazon. Let's bring in Dan
Ives for more on these results. Senior equity research analysts
(12:07):
at white Bush Securities.
Speaker 7 (12:08):
Dan, good morning.
Speaker 2 (12:09):
I know you and a lot of analysts were focused
really closely on the cloud. Did AWS come through for you?
Speaker 5 (12:17):
I can't. This is a trophy case quarter for AWS.
Seventeen percent, I mean whispers were fifteen percent. This is
exact what Amazon needed to do to show that the
cloud moved. Joe is back, very important quarter for Jase
and Amazon.
Speaker 2 (12:35):
What about the forecast for the current quarter? It did
come in a little bit weaker than a lot of
analysts expected. Could that be a concern not just FORAR
the e commerce side, but for the cloud?
Speaker 5 (12:48):
Yeah, it could be, but I think streets we can do.
This is conservative and that's why stock will be up today.
Look a key with this name, especially in the shadows
of a massive number from my Microsoft and Google. Amazon
needs to come to ourn AWS and it sures not
just on cloud, but now the next step in terms
AI jazzing and Amazon monetizing that that's the golden Dews.
(13:14):
That's what the streets focused on.
Speaker 2 (13:16):
Obviously, AWS is the dominant player in the cloud. Do
these results show that the cloud side did enough to
maintain that position against the pretty impressive numbers we saw
last week from Microsoft and alphabet for their cloud units.
Speaker 5 (13:35):
Yeah. I think in this game of thrones, they're keeping up.
And that's the important thing because this is not just
a winner takes all. You're going to see many, many
winners in this AI revolution. Amazon's going to be key
player there. But now you're starting to see a company
that i'd say the last few quarters backwards against the wall.
(13:58):
It's starting to turn and that is huge for the
stock and it's something that I think investors, even on
a ripple effect, they're going to look to the rest
of tech. It sures this tech earning season has been robust,
all the big textarll wards coming through.
Speaker 2 (14:14):
Can these text stalwarts maintain this kind of trajectory when
we could see potentially some macro risks when it comes
to enterprise spending on AI products. Do you think this
kind of demand can continue to be maintained in this
economic environment.
Speaker 5 (14:30):
Yeah, it's a great clause. Well, I think on the edges,
I mean, there could be some soft spots, but overall,
this is a fourth Industrial Revolution that's planning out, and
I think that's what we see across tech. You know,
it's not going to be straightened to the right, but
it's something that we have not seen since nineteen ninety
five at the.
Speaker 2 (14:49):
Time we have left Dan, I want to get your
take on this confirmation that we've gotten from Tesla that
the supercharger network, just about all the workers involved in
it are being a lit eminated. I wonder what you
make of that move from elon Musk.
Speaker 5 (15:03):
Look, it's tough decisions that they're making on these cost cuts,
but that's the street ones to see. He'll rebuild it back.
But it shows now you finally have an adult in
the room with Musk and Nats and investors want to
see in Tesla after a very very tough six to
nine months.
Speaker 2 (15:19):
What could it mean though in terms of EV demand.
I mean, a lot of concern is around range anxiety, right,
and if the growth of supercharger doesn't potentially stay where
it has been, what could that mean for EV demand
going forward?
Speaker 5 (15:34):
Look, I think writing is in the wall, and I
think Musk has seen you know, we've seen in Tesla's results.
They're going to have to slow down the supercharge to
build out even with these OEM deals. And I think
it just shows it's been some dark days for ev demand,
but the growth is not over. But it's this smart
move for Tesla, even though it's a head scratcher that
they actually got rid of the whole department.
Speaker 7 (15:57):
This is Bloomberg day Break Today, your morning brief on
the story's making news from Wall Street to Washington and beyond.
Speaker 1 (16:03):
Look for us on your podcast feed at six am
Eastern each morning, on Apple, Spotify, and anywhere else you
get your podcasts.
Speaker 7 (16:11):
You can also listen live each morning starting at five
am Wall Street time on Bloomberg eleven three to zero
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Speaker 1 (16:25):
Our flagship New York station is also available on your
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Speaker 7 (16:33):
Listen coast to coast on the Bloomberg Business app, seriusxmb
iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager.
Speaker 6 (16:41):
And I'm Karen Moscow.
Speaker 1 (16:42):
Join us again tomorrow morning for all the news you
need to start your day right here on Bloomberg Daybreak
Speaker 14 (17:01):
And the
Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Nathan
Hager and I'm Karen Moscow. Here are the stories we're
following today.
Speaker 2 (00:16):
We have new developments on the pro Palestinian protests at
Columbia University and across the country. Let's get the very
latest with Bloomberg's John Tucker bag on you.
Speaker 3 (00:27):
You at the epicenter of the protests. New York City
police moved in just after nine o'clock last night, entering
Columbia University's Hamilton Hall with a ladder truck through an
upstairs window. They pushed through mounds of furniture piled up
as barricades. As arrests were made. Some people were led
away bound by zip ties. Mayor Eric Adams did deliver
(00:47):
a warning before police began making arrests.
Speaker 4 (00:50):
I'm urging every student and every protestant to walk away
from this situation.
Speaker 5 (00:57):
Now they continue your advocacy.
Speaker 3 (01:00):
Through other means, The Police Commissioner sai. Among those arrested
were people who had no affiliation with Columbia. As those
arrested were loaded on buses, demonstrators on the streets wave
Palestinian flags and chanted into fada the building was cleared
to protesters after about two hours. That was the scene
in New York. In Los Angeles early today, police were
(01:21):
responding immediately to a request for support of the University
of California campus. John Tucker Bloomberg Radio, all.
Speaker 6 (01:28):
Right, John, Thanks well.
Speaker 1 (01:29):
Lawmakers are calling more university leaders to Capitol Hill to
testify about anti Semitism on campus, and Bloomberg's Nancy Lyons reports.
Speaker 6 (01:38):
With pro Palestinian protests and encampments growing at universities across
the country, the House Committee on Education in the Workforce
is expanding its questioning about campus activity. It's now calling
on the presidents of Yale, the University of Michigan, and
UCLA to testify May twenty third. The presidents of Harvard, MIT,
and Penn appeared before the committee in December, while the
(02:00):
president of Columbia testified in early April. Most who have
appeared before the committee have been criticized by some lawmakers
as being evasive and overly legalistic. In Washington, Nancy Lyons
Bloomberg Radio.
Speaker 7 (02:13):
All Right, Nancy, thank you.
Speaker 2 (02:14):
Then, the Middle East Secretary of State Anthony Blincoln continues
his push for a ceasefire between Israel and Hamas. Blincoln
met today in Tel Aviv with Israeli President Isaac Herzog,
and he called on Hamas to accept Israel's terms for
appause in fighting in exchange for hostages.
Speaker 8 (02:28):
We're determined to get a ceasefire that brings the hostages vault,
and to get it now, and the only reason that
that wouldn't be achieved is because of Hamas.
Speaker 2 (02:39):
And Secretary Blincoln says the release of hostages in Gaza
is at the heart of US foreign policy. That policy
may be shifting when it comes to Palestinians caught up
in the fighting. According to CBS News, the Biden administration
is considering allowing certain Palestinians into the US as refugees
if they have family members who are American citizens or
permanent residents. Until now, the more than four decade old
(03:01):
US refugee program has never been used to resettle Palestinians
in large numbers.
Speaker 1 (03:07):
Well Nathan in Legal News this morning, former President Donald
Trump is getting a break from his Manhattan hush money
trial today, but there have been significant developments in the
last twenty four hours. In Bloomberg Law, host Doing Granso
has the details from New York.
Speaker 9 (03:22):
Donald Trump was held in contempt of court yesterday and
fined nine thousand dollars for repeatedly violating a gag order
that barred him from making public statements about witnesses and jurors.
The judge warned that if there are other violations, Trump
may end up in jail, and the jury heard the
most vivid testimony yet about payments to silence a former
(03:44):
Playboy playmate, Karen McDougall at an adult film star Stormy
Daniels before the twenty sixteen election. Los Angeles attorney Keith Davidson,
who represented both, recounted frantic talks with Trump's former lawyer,
Michael Cohen and the National Inquirer, whose publisher wanted to
help Trump win the presidency. In New York, June, Gross
(04:05):
Obenberg Radio.
Speaker 7 (04:06):
All right, June, thank you.
Speaker 2 (04:08):
Turning to Market's futures are lower as we begin this
new trading month. The S and P five hundred dropped
more than four percent in April, snapping a streak of
five straight monthly gains. The dollar notched its fourth consecutive
monthly advance. That's the longest winning run for the greenback
since September twenty twenty two.
Speaker 1 (04:26):
Well Nathan Corporate earnings continued to be front and center.
Shares of Amazon at more than two percent in early trading.
Profit and revenue came in above analyst estimates. The company's
cloud unit, AWS posted the strongest sales growth in a year.
Begin More from Bloomberg Technology Host and Ludlow from San Francisco.
Speaker 10 (04:44):
AWS is the clear market leader in cloud, bigger than
Microsoft as you're certainly bigger than Google's cloud platform. It's
seeing accelerating growth. Growth in the fourth quarter was about
thirteen percent, It's now nearer to fourteen and a half
fifteen percent, and the strategy is basically be a place
where other companies who are interested in AI can build
(05:04):
whatever software it is they want on aws's platforms.
Speaker 6 (05:07):
Bloomberg's and Ludlow says.
Speaker 1 (05:09):
Despite the strong cloud performance, the company's sales forecast for
the current quarter fell short of estimates.
Speaker 2 (05:15):
Karen A couple other high tech companies are taking it
on the chin. This morning, shares of Advanced micro Devices
are down more than six percent. The second biggest maker
of computer processors gave a lukewarm revenue forecast for the
current period. It's being weighed down by lackluster demand for
chips used in video game hardware.
Speaker 1 (05:32):
Well Nathan, shares of a super microcomputer are down nine
and a half percent. The company did report quarterly sales
that tripled from the same period last year, but they
fell slightly short of estimates. That's disappointing investors who had
sky high expectations that the server maker's business would benefit
from AI related demand.
Speaker 2 (05:51):
And Starbucks investors are getting a jolt to the downside.
Those shares are down twelve percent. Sales at the coffee
chain fell for the first time since twenty twenty. If
this morning's declined holds, it would be Starbucks' biggest stock
drop since March of twenty twenty, the early days of
the pandemic.
Speaker 1 (06:09):
Well Nathan, Let's turn to the economy now. The Fed
is expected to leave rates on hold once again, but
attention will turn to j Powell's news conference after their decision.
We get a preview from Bloomberg's Michael McKee.
Speaker 11 (06:20):
If today's FED meeting were a Dickens novel, it might
be called small expectations. Policymakers are not going to change
the nation's benchmark interest rate, They are not providing new
economic forecasts, and they are not issuing a new dot
plot outlook for rates. Chair j Powell's press conference is
essentially the only chance for any market moving news, and
(06:41):
he will be working hard not to provide any expected
to maintain the FED line. We don't have enough confidence
to cut rates, and we're not thinking of raising rates,
at least not yet. Michael McKee, Bloomberg Radio.
Speaker 1 (06:53):
All right, Mike, thanks well for full team coverage at
the FED decision and Powell news conference. Day tuned to
a Bloomberg Radio and television for the Bloomberg Surveillance special
the Fed discides. It all begins at one thirty pm
Wall Street Time. But it's time now for a look
at some of the other stories making news in New
York and around the world, and for that we're joined
(07:15):
by Bloomberg's Michael Barr.
Speaker 6 (07:16):
Michael, Good Morning, Good morning.
Speaker 4 (07:18):
Karen. Tim Kennedy declared victory in a special election to
replace former New York Representative Brian Higgins and serve the
rest of the term. It keeps the Buffalo area district
and Democrats control. Higgins resign in February after being named
president of a performing arts center in Buffalo. Kennedy, a
state senator, defeated Republican Gary Dixon, a town supervisor in
(07:42):
the upstate New York district that includes the cities of
Buffalo and Niagara in the heavily blue district.
Speaker 5 (07:48):
This victory is your victory.
Speaker 4 (07:51):
This victory is our victory.
Speaker 2 (07:54):
Tonight, we are one step closer to preserving.
Speaker 4 (07:59):
Tom audio courtesy of WIVBTV. The margin of victory for
Kennedy was seventy eight to twenty two percent. A six
week abortion ban takes effect today in Florida, replacing a
previous restriction of fifteen weeks. National Right to Life President
Carol Tobias.
Speaker 6 (08:17):
I'm very excited about fifty percent of all abortions occur
after that point in pregnancy, so this bill is going
to save a.
Speaker 11 (08:25):
Lot of lives.
Speaker 4 (08:26):
Meanwhile, Michelle Cassada, a spokeswoman for Planned Parenthood in Florida,
says the band will have an immediate impact in the state.
Speaker 12 (08:34):
We're looking at tens of thousands of patients that are
either going to have the travel hundreds, if not thousands
of miles to another state with access, or be forced
to carry a pregnancy against their will.
Speaker 4 (08:45):
Casada says most women who seek abortion care are between
eight and ten weeks pregnant. New York City police fatally
shot a man after a brief stand off in Manhattan.
Officials say two officers had an investigator with a Department
of Homeland Security part of a gang violence task force,
identified and approached the twenty five year old man suspected
(09:06):
of committing a violent crime. The n MYPD says the
man ran inside an optical story he was standing in
in front in Chelsea Chaef. Joseph Kennedy, a Kennedy reader
says that the man produced a gun and after a
brief struggle, shots were fired.
Speaker 10 (09:22):
The mail was removed to an area hospital, where he
was pronounced dead.
Speaker 4 (09:25):
A member of the task for US received minor injuries.
The Biden administration is taking a major step toward reclassifying
marijuana as a less dangerous drug. The move would not
legalize pot, but the consequences for using it would be
less severe. Global News twenty four hours a day and
whenever you want it with Bloomberg News Now Michael Barr
(09:45):
and this is Bloomberg Heart.
Speaker 1 (09:47):
Sorry Michael Burr, thank you time now for the Bloomberg
Sports Update with John stash Hour.
Speaker 13 (09:57):
John, Good morning, Good morning Care on the Mixter getting
read of head back to Philadelphia for our game six tomorrow,
and it certainly didn't look like that was going to
be the case. Game five that the guard Knicks led
the Sixers by six with twenty eight seconds to go,
but Tyrese Maxie with a four point play, and after
Josh Hart missed a free throw, Maxie with a three
pointer from about thirty five feet forced overtime. Six Ers
(10:18):
trailed by five and ot came back. They won one
twelve to one oh six as Maxie scored forty six points.
Jalen Brunson had forty in the loss. Nick touchdown. Thibodeaux
asked about how regulation ended, and again.
Speaker 14 (10:30):
In those situations, you talk about what you want to
do there out of timeouts. Josh, you's got two free throws,
it's two, So you have to, you know, communicate what
your decisions are. And so you know, we could have
done better in that situation.
Speaker 4 (10:47):
And we will.
Speaker 13 (10:48):
Two other games in the East Milwaukee State Alive one
fifteen ninety two over Indiana's the leads three to two.
Cleveland top to Orlando by a point, Caves are up
three to two. Home teams won every game the season's
over for the Islanders. They fought back in Raleigh, down
three to one, game was tied going to the third
period Carolina with two goals in eight seconds. Hurricanes won
six to three and the Kynes will now take on
(11:09):
the Rangers in the second round Toronto in overtime win
at Boston, cutting the Bruins lead to three to two,
Nashville one. In Vancouver, Colorado finished off Winnipeg at Cityfield.
Three run homer, sixth towenty for DJ Stewart gave the
Mets the six to one, went over the Cubs another
two run light hitting Yankee loss in Baltimore Orioles one
forty two. Johns Stashawa, Bloomberg Sports Canon Nathan.
Speaker 8 (11:30):
Coast to Coast on Bloomberg Radio, nationwide on Sirius XM,
and around the world on Bloomberg dot Com and the
Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm
Nathan Hager. We want to get more now.
Speaker 2 (11:44):
In the big tech earning story of the morning, that
would be Amazon. The e commerce giant reported profit and
revenue in the first quarter that did beat Wall Street estimates,
with its strongest sales growth in the cloud in a year,
but the forecast for the current quarter is falling short
in what may be a warning sign for the main
e commerce business over at Amazon. Let's bring in Dan
Ives for more on these results. Senior equity research analysts
(12:07):
at white Bush Securities.
Speaker 7 (12:08):
Dan, good morning.
Speaker 2 (12:09):
I know you and a lot of analysts were focused
really closely on the cloud. Did AWS come through for you?
Speaker 5 (12:17):
I can't. This is a trophy case quarter for AWS.
Seventeen percent, I mean whispers were fifteen percent. This is
exact what Amazon needed to do to show that the
cloud moved. Joe is back, very important quarter for Jase
and Amazon.
Speaker 2 (12:35):
What about the forecast for the current quarter? It did
come in a little bit weaker than a lot of
analysts expected. Could that be a concern not just FORAR
the e commerce side, but for the cloud?
Speaker 5 (12:48):
Yeah, it could be, but I think streets we can do.
This is conservative and that's why stock will be up today.
Look a key with this name, especially in the shadows
of a massive number from my Microsoft and Google. Amazon
needs to come to ourn AWS and it sures not
just on cloud, but now the next step in terms
AI jazzing and Amazon monetizing that that's the golden Dews.
(13:14):
That's what the streets focused on.
Speaker 2 (13:16):
Obviously, AWS is the dominant player in the cloud. Do
these results show that the cloud side did enough to
maintain that position against the pretty impressive numbers we saw
last week from Microsoft and alphabet for their cloud units.
Speaker 5 (13:35):
Yeah. I think in this game of thrones, they're keeping up.
And that's the important thing because this is not just
a winner takes all. You're going to see many, many
winners in this AI revolution. Amazon's going to be key
player there. But now you're starting to see a company
that i'd say the last few quarters backwards against the wall.
(13:58):
It's starting to turn and that is huge for the
stock and it's something that I think investors, even on
a ripple effect, they're going to look to the rest
of tech. It sures this tech earning season has been robust,
all the big textarll wards coming through.
Speaker 2 (14:14):
Can these text stalwarts maintain this kind of trajectory when
we could see potentially some macro risks when it comes
to enterprise spending on AI products. Do you think this
kind of demand can continue to be maintained in this
economic environment.
Speaker 5 (14:30):
Yeah, it's a great clause. Well, I think on the edges,
I mean, there could be some soft spots, but overall,
this is a fourth Industrial Revolution that's planning out, and
I think that's what we see across tech. You know,
it's not going to be straightened to the right, but
it's something that we have not seen since nineteen ninety
five at the.
Speaker 2 (14:49):
Time we have left Dan, I want to get your
take on this confirmation that we've gotten from Tesla that
the supercharger network, just about all the workers involved in
it are being a lit eminated. I wonder what you
make of that move from elon Musk.
Speaker 5 (15:03):
Look, it's tough decisions that they're making on these cost cuts,
but that's the street ones to see. He'll rebuild it back.
But it shows now you finally have an adult in
the room with Musk and Nats and investors want to
see in Tesla after a very very tough six to
nine months.
Speaker 2 (15:19):
What could it mean though in terms of EV demand.
I mean, a lot of concern is around range anxiety, right,
and if the growth of supercharger doesn't potentially stay where
it has been, what could that mean for EV demand
going forward?
Speaker 5 (15:34):
Look, I think writing is in the wall, and I
think Musk has seen you know, we've seen in Tesla's results.
They're going to have to slow down the supercharge to
build out even with these OEM deals. And I think
it just shows it's been some dark days for ev demand,
but the growth is not over. But it's this smart
move for Tesla, even though it's a head scratcher that
they actually got rid of the whole department.
Speaker 7 (15:57):
This is Bloomberg day Break Today, your morning brief on
the story's making news from Wall Street to Washington and beyond.
Speaker 1 (16:03):
Look for us on your podcast feed at six am
Eastern each morning, on Apple, Spotify, and anywhere else you
get your podcasts.
Speaker 7 (16:11):
You can also listen live each morning starting at five
am Wall Street time on Bloomberg eleven three to zero
in New York, Bloomberg ninety nine to one in Washington,
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Speaker 1 (16:25):
Our flagship New York station is also available on your
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Speaker 7 (16:33):
Listen coast to coast on the Bloomberg Business app, seriusxmb
iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager.
Speaker 6 (16:41):
And I'm Karen Moscow.
Speaker 1 (16:42):
Join us again tomorrow morning for all the news you
need to start your day right here on Bloomberg Daybreak
Speaker 14 (17:01):
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