Bloomberg: Bloomberg Surveillance
5/2/2024 11:04am
... the idea that the consumer in america is starting to struggle? lisa: not only starbucks and mcdonald's, it could be the protests, shifting caveats, competition is a dollar lattes, but competition over amazon and ...
Bloomberg: Bloomberg Surveillance
5/2/2024 10:08am
... we have seen real distress, more disproportionately in the likes of amazon. how much of a water ship moment will the apple earnings be given the angst? john: as you know, they don't let me talk about ...
Bloomberg: Bloomberg Markets
5/1/2024 4:49pm
... the need to spend but also the need to monetize quickly on that spending, that seemed to resonate with the street. amazon is getting a lot of checkmarks from the wall street community so far. sonali: we thank you so much for your time. we have to leave it there for ...
Bloomberg: Bloomberg Markets
5/1/2024 4:48pm
... any corporate software business outside microsoft that size and scale. that's just one part of the amazon business. and the profit story, the fact that the operating margins are already north of 38%. bloomberg intelligence is seeing that heading toward 40%. in an earnings season where ...
Bloomberg: Bloomberg Markets
5/1/2024 4:48pm
... a lot of business customers were starting to be a little bit uncertain about the economic spending environment, there were questions about what that would mean for amazon web services and yet here we are with ai in full effect and that being reflected in these quarterly results. ...
Bloomberg: Bloomberg Markets
5/1/2024 4:47pm
... market relax -- reacted to these amazon numbers. if we hadn't seen the success we saw from a ws, maybe there would be a slightly different narrative from the guidance of the second quarter overall. when you think a year back, when ...
Bloomberg: Bloomberg Markets
5/1/2024 4:47pm
... he is an cyclopedia as ever about technology. you spoke to an amazon executive earlier so what are they saying about their potential in cloud and ai? jon: we will start with the ...
Bloomberg: Bloomberg Markets
5/1/2024 4:47pm
... stock moving. amazon posted its strongest sales growth in a year, sign that the retailers most profitable unit is recovering from a slump in certain businesses. we will break it down with jon erlichman joining us from toronto. ...
Bloomberg: Bloomberg Technology
5/1/2024 3:36pm
... person on pinterest can see themselves on pinterest. that's taken great strides in the relevance the representation and feeling positive. ed: last night on the amazon median call -- media call. _ ...
Bloomberg: Bloomberg Technology
5/1/2024 3:33pm
... synergies with amazon and google, with those ad partnerships. how much of the advertising uptick for these third parties? bill: historically pinterest is solved digital shopping but it's hard to get to the things you ...
Bloomberg: Bloomberg Technology
5/1/2024 3:32pm
... managing to be a relief in the amazon and strong ai process. and then we have pinterest. there up 21% on the day since october of 2020. we finally go back to this revenue run rate. ...
Bloomberg: Bloomberg Technology
5/1/2024 3:31pm
... focused and some of the big chip names. i'm looking at amazon that we've seen in several years. we've seen billions brought in ...
Bloomberg: Bloomberg Technology
5/1/2024 3:12pm
... did not have as much profitability as they do now. amazon has multiple short businesses. they have a wf -- aws, logistics, all these businesses that i hope or think could want ...
Bloomberg: Bloomberg Technology
5/1/2024 3:11pm
... the curve. the same thing is happening with amazon. it bodes very well for the supply chain names. they are the arms providers for this ai race so i think it's positive for the ai ecosystem. ...
Bloomberg: Bloomberg Technology
5/1/2024 3:10pm
... amazon today coming out looking strong when it comes to its ai focus. is more broadly that the lever you want to see being pulled by andy jassy? daniel: that conference call was when the most bullish of listen ...
Bloomberg: Bloomberg Technology
5/1/2024 3:06pm
... television if you watch prime video you will see fewer advertisements. they are moving delicately on that resource. don't want to put us off of our watching. spencer all things amazon. we are sticking on these earnings. ...
Bloomberg: Bloomberg Technology
5/1/2024 3:05pm
... billion was the last they saw for the year from that business. but it is -- there wasn't a lot of clarity on exactly what it's adding and amazon emphasized we will be lighter on the advertising with programming and ...
Bloomberg: Bloomberg Technology
5/1/2024 3:05pm
... it is good just not nearly as good as aws was and they are seeing some signs of consumer strength. we will be asking a lot about advertising and of course a partnership with amazon. how is that particular part of ...
Bloomberg: Bloomberg Technology
5/1/2024 3:04pm
... they started disclosing what it was in breaking out aws but what we all know amazon from anyway, how is that consumer looking now? the overall revenue guidance is light for the current quarter and they said consumers are ...
Bloomberg: Bloomberg Technology
5/1/2024 3:03pm
... thing that makes real money sort of. the profitability for aws in the quarter was huge. it accounts for less than 20% of all amazon revenue. two thirds of its profit. ...
Bloomberg: Bloomberg Technology
5/1/2024 3:03pm
... enough to show that ai is starting to show up. let's dig into amazon's results, the company boosted strongest sales growth in a year. you are on that media call and i think that's the focus here isn't it, it's that ai is a real ...
Bloomberg: Bloomberg Technology
5/1/2024 3:03pm
... about it because you built your customer rig with their gpu. we will come back to that in a moment. and then amazon actually it's kind of a muted response. 2.3%, strong first-quarter. ...
Bloomberg: Bloomberg Markets
5/1/2024 3:00pm
... francisco per this is bloomberg technology. caroline: amazon posts the biggest cloud sales growth in a year. details to come. ed: ful ...
Bloomberg: Bloomberg Technology
5/1/2024 3:00pm
... caroline: i'm caroline hyde. ed: i'm ed ludlow in san francisco per this is bloomberg technology. caroline: amazon posts the biggest cloud sales growth in a year. details to come. ...
Bloomberg: Bloomberg Markets
5/1/2024 2:48pm
... past couple of years so we are seeing the chipmakers invest more in bringing this ability online. the key factor on the demand side is whether it is meta-or microsoft or amazon their capex keeps ramping up and it's being driven higher because they want ...
Bloomberg: Bloomberg Markets
5/1/2024 2:26pm
... fed. more so if you take a look at the nasdaq 100. despite the rally by seeing in amazon, it is not enough to lift the broader indexes with some pretty ugly earnings on the rest ...
Bloomberg: Bloomberg Markets
5/1/2024 2:09pm
... happening underneath the markets now. we will do that with bailey. you have three showstoppers today. tell me what is going on with amazon. ...
Bloomberg: Bloomberg Markets
5/1/2024 2:03pm
... let's talk about sentiment because it feels like it has soured. off by 4% last month. even though you have amazon up 3.5%. ...
Bloomberg: Bloomberg Surveillance
5/1/2024 12:11pm
... counting down to that fed decision later today. let's get you to the bloomberg brief. dani: shares of amazon higher by 1.6%. its cloud unit posted the strongest sales growth in a year. as for the e-commerce side, not ...
Bloomberg: Bloomberg Surveillance
5/1/2024 11:37am
... this. jonathan: elsewhere shares of amazon posting modest gains in the premarket. the company's cloud unit posting strongest sales in year delivering a forecast that fell short of estimates. as consumers continue to ...
Bloomberg: Bloomberg Surveillance
5/1/2024 11:30am
... on the nasdaq we are down about .7%. amazon up just a little bit in the premarket. we will talk about that. in the bond market, the two year, just about unchanged on the session. this came from deutsche bank's ...
Bloomberg: Bloomberg Surveillance
5/1/2024 11:16am
... capitalize off of price-sensitive buyers. consumers do not stop purchasing these products. they trade down. amazon is another thing they have done. they have expanded their consideration set so consumers who are looking to trade down ...
Bloomberg: Bloomberg Surveillance
5/1/2024 11:15am
... sales in the year, but its push into ai has come at a cost. the cfo says capex will increase this year. as for the e-commerce side of the business, amazon fell short of estimates. marketers told me amazon can ...
Bloomberg: Bloomberg Surveillance
5/1/2024 11:15am
... people are tuning it out. it seems like everyone is just going, hope it is going to end. jonathan: let's get an update on stories elsewhere this morning. dani: amazon up 2.2%. its cloud unit did push stronger ...
Bloomberg: Bloomberg Surveillance
5/1/2024 11:09am
... that we are seeing a consumer that does seem to be pinched? we are talking about starbucks and amazon. highlighting a real slow down in terms of online purchases. how much do you see that as ...
Bloomberg: Bloomberg Surveillance
5/1/2024 11:04am
... brands due to the u.s. backing of israel with respect to what is going on in gaza. it is not just these. we heard that from amazon, so there is something bigger going on. ...
Bloomberg: Bloomberg Surveillance
5/1/2024 11:03am
... you start looking into which companies are doing what and we talked about starbucks and amazon. there is pressure. there is a sense that they cannot pass on the same price increases to consumers. ...
Bloomberg: Bloomberg Surveillance
5/1/2024 10:26am
... even though they had the strongest sales growth in a year, stronger on two prongs for the customer base cloud service question basic sales for the average consumer who doesn't want to buy clothes or toilet paper on amazon anymore, doesn't ...
Bloomberg: Bloomberg Surveillance
5/1/2024 10:25am
... a risk to amazon cloud growth and microsoft. jonathan: interesting, fascinating cramming -- framing. what do you think of that, large versus small? lisa: perhaps the reason amazon isn't getting the same reception ...
Bloomberg: Bloomberg Surveillance
5/1/2024 10:25am
... other at the moment? mandeep: amazon skews towards small businesses on the spending side in the consumer side is also focused on the kind of small consumers of all sizes, but on the enterprise side i ...
Bloomberg: Bloomberg Surveillance
5/1/2024 10:24am
... answers around dividends or buybacks. amazon in their history has really done buybacks. this has been a topline growth story and it has been amazing. you could argue that they could be a $1 trillion revenue company ...
Bloomberg: Bloomberg Surveillance
5/1/2024 10:23am
... clearly, the prime bundle has a value proposition. i think again if there is one subscription you want to keep as a consumer, it's amazon because of the number of services they deliver. but you are right, you can see ...
Bloomberg: Bloomberg Surveillance
5/1/2024 10:23am
... an amazon problem but something that is economic on their sales platform for the average consumer? mandeep: i mean, look, that platform serves so many different types of consumers. ...
Bloomberg: Bloomberg Surveillance
5/1/2024 10:22am
... are not seeing a pop in the shares given that we have seen the strongest growth in a year in the cloud service business. amazon pit and misys the year so far. things dealing with the consumer, not so much. what is the message that you take from that, that this is not ...
Bloomberg: Bloomberg Surveillance
5/1/2024 10:22am
... know the rate at which the generative workloads will grow. they are the incumbent employers in cloud and have to invest more in capex to drive the generative ai tricks -- chips in their sector. that is the risks with amazon ...
Bloomberg: Bloomberg Surveillance
5/1/2024 10:22am
... it compare to the 7% contribution to growth from microsoft? with microsoft we can see it making up 5% on the over all revenue. granted, amazon has 100 billion it it's bigger, but we don't ...
Bloomberg: Bloomberg Surveillance
5/1/2024 10:21am
... leader over microsoft and google sorts itself out. you are seeing the flagship is this really filling. at the end of the data are a growth company investing into innovation. jonathan: the latest this morning's amazon shares rising ...
Bloomberg: Bloomberg Surveillance
5/1/2024 10:16am
... there. coming up next on the program, a's -- amazon's ai be, paying out. t>> they are the king of the cloud jungle over google and ...
Bloomberg: Bloomberg Daybreak Europe
5/1/2024 5:32am
... 70512 despite the good news that came from amazon. and the fact that add demand and drive is there. u.s. treasury yields continue to run higher. about 30% on the two-year. ...
Bloomberg: Bloomberg Daybreak Europe
5/1/2024 5:12am
... so it is looking like amazon falls into that first category where they were able to tell the positive run rate story. the shares were up about 2% but let's see when stocks are trading pretty -- are trading. _ ...
Bloomberg: Bloomberg Daybreak Europe
5/1/2024 5:11am
... margins. tom: it is interesting what it tells us about the state of the u.s. consumer. starbucks's missed as well, and the e-commerce part of amazon. in terms of the ai story, i mentioned meta and the impact they have, the stock selling off ...
Bloomberg: Bloomberg Daybreak Europe
5/1/2024 5:11am
... this was the first earnings report where you saw amazon prime having ads. so ad revenue is up 24%. what was striking from this report was some softness in e-commerce. ...
Bloomberg: Bloomberg Daybreak Europe
5/1/2024 5:11am
... when they stressed we are monetizing this. investors seemed to cling onto that. what about the rest of the business? charlie: amazon is huge and revenue overall was solid, up 13% from the same time last year. ...
Bloomberg: Bloomberg Daybreak Europe
5/1/2024 5:10am
... give us the detail around the success amazon has had with this and whether it is to be sustained. charlie: this was the first time amazon executives publicly put revenue run rate on that ai franchise. ...
Bloomberg: Bloomberg Daybreak Europe
5/1/2024 5:10am
... tom: for the deep dive on the amazon story let's bring in charlie wells. the cloud unit was always going to be scrutinized. ...
Bloomberg: Bloomberg Daybreak Europe
5/1/2024 5:09am
... through, seeing the strongest sales growth in a year signaling a turnaround for the retailer's most profitable division. on an earnings call, the ceo said amazon's ai capabilities are behind the acceleration in growth. ...
Bloomberg: Bloomberg Daybreak Europe
5/1/2024 5:09am
... the front of the year that that was very unlikely. thank you for the analysis as we lead up to the fed presser. the focus was yesterday on amazon and the cloud unit coming ...
Bloomberg: Bloomberg Daybreak Europe
5/1/2024 5:03am
... .3% despite the decent numbers that came through from amazon with a focus on aws, the cloud part of the business with the ai component. let's flip the board. the two-year yield back above ...
Bloomberg: Bloomberg Daybreak Europe
5/1/2024 5:01am
... pivot from powell. most european markets are shut for may 1 labor day holiday spirit amazon's ai boosts shares jump after reporting strong cloud unit sales. tesla's cost-cutting continues. ...
Bloomberg: Bloomberg Daybreak Australia
4/30/2024 11:22pm
... nvidia, of course, amazon, getting annexed a boost from ai and cloud services. but apple, tesla and meta stock, if they don't have the actual forces to counter the economic slowdown in the interest rates ...
Bloomberg: Bloomberg Daybreak Australia
4/30/2024 11:21pm
... have to change the view for amazon. it has changed successfully from purely a e-commerce company to now --. it is a very solid position as ...
Bloomberg: Bloomberg Daybreak Australia
4/30/2024 11:21pm
... paul: we have amazon up pretty strongly so far this year and after hours the stock is hovering around the highs he saw during the peak of the pandemic. do you buy at the levels? hebe: taking the amazon, we will ...
Bloomberg: Bloomberg Daybreak Australia
4/30/2024 11:16pm
... disappointment when it comes to sales guidance? spencer: there was a lot of hope going forward in the future for amazon's performance through this gen ai boom but that was really their talking points to investors, was, this has now ...
Bloomberg: Bloomberg Daybreak Australia
4/30/2024 11:16pm
... in all three is -- three layers of the gen ai stacks. haidi: amazon ceo andy jassy there. she surging in after-hours trading after we saw the report of a solid earnings beat cloud ...
Bloomberg: Bloomberg Daybreak Australia
4/30/2024 11:16pm
... industry rebounded from a slew of scandals. paul: still ahead,, amazon's cloud unit. it's strongest for stroke a year. we will have analysis of their earnings. this is bloomberg. see considerable momentum on the ai front where we have accumulated a multibillion-dollar revenue already. you heard me ...
Bloomberg: Bloomberg Daybreak Australia
4/30/2024 11:03pm
... amazon stock, first quarter profit beat estimates. the cloud unit posted its strongest still growth in the year. oil prices also slipping below $82 a barrel for wti crude, a key support level. we are watching for a potential ...
Bloomberg: Bloomberg Markets
4/30/2024 4:46pm
... two other major cloud providers. but, i think the bar is set even higher for amazon given they are one of the last two report on it is earnings season. the bar is a little higher for them. aws is the big talking point. ...
Bloomberg: Bloomberg Markets
4/30/2024 4:45pm
... point for amazon? arun: i still think that shares are cheap. we have a target price of 221 right now. i think the bar is set high for amazon following strong beats from microsoft and google, the ...
Bloomberg: Bloomberg Markets
4/30/2024 4:45pm
... markets are also extending. sonali: look at the stock going up this year and you don't see as much of a run-up in amazon even after the meta-selloff that you saw after the report this week. is it is a valuation story? how do you think about the entry ...
Bloomberg: Bloomberg Markets
4/30/2024 4:45pm
... i know there are other big tech players out there, especially meta-. when they said they would increase their capex investment that woods viewed -- was viewed negatively by investors but i don't know if that would be the case for amazon given its ...
Bloomberg: Bloomberg Markets
4/30/2024 4:45pm
... because amazon is also more profitable than it has ever been. it's margins are growing very attractively and rapidly. so, as you see margins expense, profits grow, while also investing in capex. ...
Bloomberg: Bloomberg Markets
4/30/2024 4:44pm
... arun: what is different between amazon and other big tech players is amazon is wrapping up its capex. we expect 15%-20% of an increase in this year versus last year. i don't think that would be viewed negatively by investors and the reason i say that is ...
Bloomberg: Bloomberg Markets
4/30/2024 4:44pm
... as an investor do you look at these capital return plans and say, hold onto that money, how to play your competitor. would amazon, if they did something like that and, where that field more rewards, do you think? ...
Bloomberg: Bloomberg Markets
4/30/2024 4:44pm
... the free cash flow story is very encouraging for amazon. i think if we do see a dividend it could be in store within the next year or two. sonali: i feel like capex super cycle is a nice way to say race to outspend each other. ...
Bloomberg: Bloomberg Markets
4/30/2024 4:43pm
... i say this because we are entering a major capex super cycle, not just for amazon, but other big tech players. i think investors would like to see amazon continue to invest in capex especially given all of the opportunities in generative ai. ...
Bloomberg: Bloomberg Markets
4/30/2024 4:43pm
... big tech players have recently released their first dividend there is speculation amazon could. in our opinion we don't see them announcing a dividend this upcoming quarter but it could be in store the next 12-24 months. ...
Bloomberg: Bloomberg Markets
4/30/2024 4:43pm
... there's a lot of speculation about whether amazon will either announce its first-ever dividend or potentially a large share buyback. amazon has never given a dividend in the past but given ...
Bloomberg: Bloomberg Markets
4/30/2024 4:43pm
... darun. you saw of the in swinging with the dividend. you have to wonder, if amazon does not give investors the same type of capital return, does that make them look bad? arun: yes. ...
Bloomberg: Bloomberg Markets
4/30/2024 4:42pm
... or donate now at mercyships.org. that's the number on your screen. sonali: this is bloomberg markets. i'm sonali basak. the stock of the hour is amazon expected to report sales grew 12% first quarter. ...
Bloomberg: Bloomberg Markets
4/30/2024 4:39pm
... that is anna wong from bloomberg economics and it liz mccormick from bloomberg news. thank you for being here. coming up, another big story. amazon is the next magnificent seven stock to report earnings with investors looking for details on ai spending. that is our stock of the hour ...
Bloomberg: Bloomberg Technology
4/30/2024 3:45pm
... cloud growth specifically came from ai. amazon, in that case it's more interesting but overall topline growth, but it is the first quarter where since january they put ads in prime video. does that show up as revenue ...
Bloomberg: Bloomberg Technology
4/30/2024 3:45pm
... that's the story. amazon, the bar is so high following alphabet earnings. both showed growth in a cloud sales, but gave us numbers or evidence that contributions to ...
Bloomberg: Bloomberg Technology
4/30/2024 3:10pm
... streaming, amazon prime, or traditional broadcast networks. news streaming services are also drivers of streaming and cvs just rebranded their streaming entity into cbs news 24/7. they have got to be thinking ...
Bloomberg: Bloomberg Technology
4/30/2024 3:06pm
... landscape dominated by tech giants -- right? apple, amazon, google, youtube alone counts for 10% of the tv viewing now on televisions. not on devices. ...
Bloomberg: Bloomberg Technology
4/30/2024 3:02pm
... expectations? amazon, after alphabet and microsoft, cloud growth driven by ai, those stories are later in the program. the top story is paramount global. ceo bob bakish is gone, replaced ...
Bloomberg: Bloomberg Markets
4/30/2024 3:00pm
... bloomberg's world headquarters in new york. paramount replaces its ceo. full coverage ahead. ed: we push ahead to results from amazon and pinterest, all reporting after the bell. caroline: and a former finance ...
Bloomberg: Bloomberg Technology
4/30/2024 3:00pm
... bloomberg's world headquarters in new york. paramount replaces its ceo. full coverage ahead. ed: we push ahead to results from amazon and pinterest, all reporting after the bell. caroline: and a former finance ...
Bloomberg: Bloomberg Markets
4/30/2024 2:56pm
... because we have amazon reporting after the bell tonight. that is followed by the fed meeting tomorrow, and then we have apple on thursday. it has been kind of quiet as we await those things. we take a look at how things are looking right now and it does not look too good honestly. ...
Bloomberg: Bloomberg Markets
4/30/2024 2:39pm
... dollar and uncertainty around the fed and whether or not they will be cutting. we will be looking to see what happens with the cloud business at amazon and ai after the different results or relatively strong results for both microsoft and alphabet on those ...
Bloomberg: Bloomberg Markets
4/30/2024 2:11pm
... touch on that point as that story develops. good place to leave it here ahead of amazon earnings after the bell. big thanks to evelyn. let's take a look now at what is moving underneath the markets ...
Bloomberg: Bloomberg Markets
4/30/2024 2:06pm
... coming back from the pandemic slump, but after the past couple years of protracted economic uncertainty, at least q1 was pretty solid. advertisers started to open up their pursestrings again so we expect amazon to continue the ...
Bloomberg: Bloomberg Markets
4/30/2024 2:06pm
... to are at play for amazon as well, like we mentioned ai is a big growth driver here. also, the advertising market is kind of in the middle of a rebound. it is not extreme. nothing like we saw in 2021 ...
Bloomberg: Bloomberg Markets
4/30/2024 2:06pm
... those two intersect but when it comes to the ad business to me think about what we heard from google and meta. how do your expectations for amazon stack up against what we heard last week? evelyn: we expect amazon to perform in a similar way to google and microsoft. ...
Bloomberg: Bloomberg Markets
4/30/2024 2:05pm
... amazon's investments in ai are helping to bolster its cloud business, and as amazon brings in more customers in the ai realm, there again it feeds back into its cloud business. katie: two things to discuss, the ad business and ai, select start with the ad business. ...
Bloomberg: Bloomberg Markets
4/30/2024 2:05pm
... all of that plays in amazon's favor as far as amazon is concerned -- as far as advertising is concerned. we have to talk about ai as well and amazon's cloud business. those two things are kind of feeding each other. ...
Bloomberg: Bloomberg Markets
4/30/2024 2:05pm
... second to walmart -- its growth rates are only second to walmart in that space but walmart is less than a 10th of the size of the amazon ad business so a different comparison there. amazon has a lot of draws for ...
Bloomberg: Bloomberg Markets
4/30/2024 2:04pm
... of its size, and we don't expect this quarter to deviate too far from that annual growth rate. of course, amazon's retail business is the center of gravity in the retail media space. it's growth rates are only ...
Bloomberg: Bloomberg Markets
4/30/2024 2:04pm
... but for amazon, it feels like the stakes are high when you consider the stock's performance this year. what are your expectations? we forecast growth rates north of 20% for amazon this year. very impressive for a business ...
Bloomberg: Bloomberg Markets
4/30/2024 2:04pm
... i won't ask you about the fed, but i will ask you about amazon of course. we heard from some of its peers last week. you had microsoft and alphabet really with some blockbuster earnings. not the same for meta, which i am sure we will get to. ...
Bloomberg: Bloomberg Markets
4/30/2024 2:01pm
... welcome to 'bloomberg markets,' and it feels like a week is just getting started with amazon after the bell tonight and the fan tomorrow. take a look at how markets are feeling heading into those events. not too great at the moment. ...