Bloomberg Daybreak: Europe Edition
Daybreak Weekend: Disney Earnings, BP Reports, Apple India Shift
· Summarized
Key takeaways
- Disney has seen a significant turnaround in its streaming business, transitioning from substantial losses to projected profits.
- Uber continues to diversify its business model, now extending beyond ride-hailing into subscriptions and ads.
- BP faces challenges in restructuring while attempts to improve profitability amid activist investor pressures.
- Apple's strategic shift towards India is reshaping global supply chains and the smartphone landscape.
Summary
Market Overview & Earnings Preview
Tom Busby opens the show discussing the anticipated earnings reports from major companies next week, including Disney in the U.S. and BP in the U.K., highlighting the ongoing developments in the media and energy sectors. The conversation touches on the significance of these earnings for investors.
Disney Earnings & Streaming Success
The discussion dives deep into Disney's expected Q3 earnings, with analyst Geitha Raganathan sharing insights on Disney's successful turnaround of its streaming segment. Insights include their profitability improvements from around a $4 billion loss to a projected $1.2-$1.3 billion profit, as well as the impact of full ownership of Hulu post-Comcast battle.
UBER's Evolving Business Model
Senior tech analyst Mandip Singh explores Uber's multiple ventures beyond ride-hailing, including subscription services and partnerships, emphasizing how the company's diverse offerings may affect its earnings. Discussion also includes Uber's robust monthly active users and a growing advertising business.
BP's Earnings & the Global Oil Landscape
Caroline Hepker shifts focus to BP, analyzing the company's struggles within the oil sector amid rising geopolitical tensions and debt issues. Discussions pivot around BP's restructuring plans emphasized by activist investors, while predictions are made regarding operational shifts needed to improve profitability.
Apple's Shift to India & Global Supply Chains
The podcast highlights the significant shift in Apple's production strategy, emphasizing the impact on global supply chains and India's emergence as a major smartphone manufacturing hub for the U.S. Insights address the historical timeline of Apple's investment in India and the technological innovations happening within its production lines.
Sponsors
- PWC · Can Europe take charge of its tech future?
Show notes
Bloomberg Daybreak Weekend with Tom Busby take a look at some of the stories we'll be tracking in the coming week.
- In the US – a look ahead to earnings from Walt Disney and Uber.
- In the UK – a look ahead to earnings from BP.
- In Asia – a look at ahead to how US smartphone production will be impacted by Apple’s shift towards India, along with an outlook for China property.
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