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Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu
- Brian Egger, Bloomberg Intelligence Senior Gaming and Lodging Analyst, discusses Carnival earnings. Carnival cut its full-year profit outlook as surging crude prices are driving up fuel costs.
The Miami-based cruise operator now sees full-year earnings of about $2.21 per share, adjusted for some items. That’s down from a December forecast of about $2.48 and below analysts’ estimates of $2.35.
- Matthew Schettenhelm, Bloomberg Intelligence Media Litigation Analyst, discusses Meta and Alphabet being found liable in a social media addiction trial.
According to Bloomberg Intelligence: Though social-media addiction litigation will -- barring a global pact -- generate a barrage of bad headlines for Meta, Alphabet, and other social-media companies this year, it doubts direct material business impacts for the deep-pocketed companies.
-- George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses JetBlue and the latest airlines news. According to Bloomberg Intelligence: JetBlue considering options including a sale, as reported by Semafor, highlights risks for low-cost carriers squeezed by weak leisure pricing and surging fuel costs, though finding a suitor may be difficult, with Alaska Air appearing the most logical. United could have interest, as shown by recent codeshare and loyalty-program partnerships, but a combination with a large US carrier would likely face antitrust pushback.
- Randall Williams, Bloomberg Business of Sports Reporter, discusses the top business sports stories. NBA owners voted to explore adding franchises in Las Vegas and Seattle, which would mark the league’s first expansion in two decades. The commissioner said that the market will determine the value of the team, and that he anticipates robust interest, with the league potentially netting $7 billion to $10 billion for each franchise. He also discusses Major League Baseball and the possibility of a work stoppage.
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