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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu
- Michael McKee, Bloomberg International Economics and Policy Correspondent joins to discuss on the DOJ dropping the probe into Powell.The Justice Department is ending a controversial investigation into building-renovation cost overruns by the Federal Reserve, potentially clearing a path to confirmation for Kevin Warsh, President Donald Trump’s pick to be the next chair of the central bank.

- Dan Ives, Global Head of Technology Research at Wedbush Securities discusses the latest in the tech space. Intel Corp. shares hit their highest level ever after the chipmaker delivered a sales forecast that shattered Wall Street expectations. As well as how Tesla has started manufacturing its Cybercab robotaxi, Chief Executive Officer Elon Musk said Friday on his social media site X, fulfilling a long-promised launch at a time when the company’s global sales have slumped.
- Chad Moutray, Chief Economist at the National Restaurant Association joins to discuss the restaurant industry headwinds. He also discusses w hat's driving that gap, what it means for business growth and economic expectations across the sector, and what policy changes could reverse the trend before the shortage becomes structural.

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Intel gave a strong sales forecast for the current period, signaling that the struggling chipmaker is finally beginning to benefit from the giant build-out of artificial intelligence infrastructure.

Revenue will be $13.8 billion to $14.8 billion in the quarter ending in June, the company said Thursday in a statement. Analysts, on average, estimated $13 billion, according to data compiled by Bloomberg. Earnings, excluding some items, will be about 20 cents a share, compared with a Wall Street prediction of 9 cents.

The upbeat outlook suggests that Chief Executive Officer Lip-Bu Tan is making progress on a challenging comeback plan. After lining up major investments in Intel last year — helping to strengthen the company’s balance sheet — Thursday’s results suggest he’s now delivering on a promise to improve its operations.

Intel shares rose 14% in extended trading. The stock had gained 81% this year before the results were released, closing at $66.78.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:

• Bloomberg Intelligence Senior Semiconductor Analyst Kunjan Sobhani
• Bloomberg Tech co-host Ed Ludlow

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Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu
- Chris Palmeri, Bloomberg News Senior Editor and Entertainment Team Leade discusses the Warner Bros. Discovery Inc. shareholders voted overwhelmingly to approve a takeover by Paramount Skydance Corp., despite widespread opposition to the deal in Hollywood.
-Lee Klaskow, Bloomberg Intelligence Senior Transport, Logistics and Shipping Analyst joins to discuss - Union Pacific who reported adjusted earnings per share that beat estimates. Evercore ISI said expectations for the company’s results are likely to move higher as a result, even though it held guidance steady.
- Paul Gulberg, Bloomberg Intelligence Senior Equity Analyst discusses Blackstone Earnings. Blackstone reported a larger-than-expected jump in distributable earnings, boosted by a robust start to dealmaking before the war in Iran rattled investors. With US markets rising and AI ventures preparing to go public, President Jon Gray predicted the firm’s “best year ever” for stock listings.
- George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, joins to discuss American Airlines earnings. American Airlines lowered its full-year earnings target, saying it may end 2026 with a loss as the carrier absorbs $4 billion in additional fuel costs from the war in Iran.

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