Oracle Earnings Beat as Cloud Revenue Surges

Bloomberg Television3 hours ago1:30:03

The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Duke University Professor of Finance Cam Harvey, Morningstar Senior Equity Analyst David Swartz, Philip Morris International Group CEO Jacek Olczak, Citi Wealth Head of Portfolio Advisory Jeanne Sun, RBC Capital Markets Software Equity Research Managing Director Rishi Jaluria, Janus Henderson Global Head, Client Portfolio Management Seth Meyer, SMAC Entertainment CEO & Co-Founder Constance Schwartz-Morini, DraftKings CEO Jason Robins, & Fanatics Betting & Gaming CEO Matt King. Chapters: 00:00:00 Bloomberg The Close 00:03:42 Duke’s Cam Harvey on Rates, Inflation & Economic Growth 00:07:19 AI Investment, U.S. Growth & the $40 Trillion Debt Load 00:10:24 AI Capex, Data Centers & the Risks of Overinvestment 00:14:01 Oil Tops $107 as Middle East Supply Risks Intensify 00:17:21 Top Calls 00:19:05 Macy’s Turnaround, Consumer Pressure & Department Stores 00:22:38 Philip Morris CEO on the U.S. & Smokeless Products 00:26:00 Nicotine Pouches, Regulation & Philip Morris’ Smoke-Free Strategy 00:29:19 Philip Morris on Capital Allocation & Dividends 00:31:03 Oracle & Adobe Earnings Preview 00:35:18 Markets, Rising Rates & Closing Bell Countdown 00:38:20 Citi Wealth on Economic Resilience & Consumer Strength 00:41:11 AI Investing, Data Center Pushback & Energy Costs 00:43:05 Oracle, AI Spending 00:46:31 Market Selloff, Sector Moves & Defensive Positioning 00:50:34 Adobe Earnings & the Generative AI Challenge 00:55:09 Oracle Earnings Beat as Cloud Revenue Surges 00:58:20 Oracle’s AI Growth, Funding & Long-Term Risks 01:02:13 Financing the AI Boom & Oracle’s Debt Load 01:05:27 Data Center Demand & the Changing Credit Market 01:09:08 SMAC CEO on Athletes Becoming Business Empires 01:12:10 Sports Media, AI & the Growth of Women’s Sports 01:16:16 DraftKings CEO on Sports Betting & Prediction Markets 01:19:04 DraftKings on Regulation, Growth & Investor Concerns 01:22:08 Fanatics on Sports Betting & Market Share 01:24:24 Fanatics on Regulation, Prediction Markets & Responsible Gaming 01:28:30 What to Watch -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

Oracle Earnings Beat as Cloud Revenue Surges | PiQ Markets