Bloomberg Talks

Smashburger CEO Jim Sullivan explains why the restaurant chain is doubling down on franchising. Speaking on "Bloomberg Open Interest," Sullivan also comments on the recent outbreak of cyclosporiasis and the company's pricing strategy.
See omnystudio.com/listener for privacy information.

Krispy Kreme narrowed its loss and expanded margins during its latest quarter, as the doughnut chain continued to make progress with its turnaround plan. They reiterated its forecast for systemwide sales growth of 2% to 4% in constant currency this year, as well as its outlook for revenue and adjusted Ebitda. For more, Josh speaks with Bloomberg's Dani Burger and Michael McKee.
See omnystudio.com/listener for privacy information.

Former Virginia Governor Glenn Youngkin says he does not anticipate being on a presidential debate stage in 2028, while stopping short of definitively ruling out a campaign. Youngkin also says communities should have the final say on data center development and that developers must address concerns about power, water and infrastructure. He also discusses his new initiative promoting a federal scholarship tax credit. He speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg's "Balance of Power."
See omnystudio.com/listener for privacy information.

Uber Technologies Inc. shares slid by the most in six months after the company issued a bookings outlook that just met analyst estimates, compounding concerns from investors about the company’s ability to evolve in the robotaxi era. Total gross bookings — a key metric that includes ride hails, delivery orders and driver and merchant earnings but not tips — will be $58.25 billion to $60.25 billion for the quarter ending in September, the company said Wednesday. For more, Uber CEO Dara Khosrowshahi spoke with Bloomberg Tech host Ed Ludlow.
See omnystudio.com/listener for privacy information.

Aggressive AI spending plans by Amazon.com Inc., Microsoft Corp. and Alphabet Inc. provided fresh evidence that demand for chips and related equipment will remain strong, offering relief to a sector that’s been battered in recent days. Amazon boosted its forecast for full-year capital expenditures to $220 billion on Thursday, up from a previous estimate of $200 billion, with Chief Executive Officer Andy Jassy saying most of that spending will go toward artificial intelligence. The outlook was part of a rush of earnings reports delivered by so-called hyperscalers — the world’s largest cloud computing providers — and they showed there’s been no letup in ambitions for building AI infrastructure.
For more, we get reaction from Dan Ives, Partner at Yorkville and Ives. He speaks with Tom Keene and Paul Sweeney on Bloomberg Surveillance.
See omnystudio.com/listener for privacy information.