Microsoft Rallies on Earnings as Meta Slides with AI in Focus | The Pulse 7/30/2026
Спикеры
Katharine Neiss
— PGIM Credit Deputy Head of Global Economics
Simon Hunt
— CEO, Campari Group
Dominik Von Achten
— CEO, Heidelberg Materials
L'Oréal CEO
— CEO
Charlie Wells
— Репортер Bloomberg
Reporter
— Reporter
Arthur
— Reporter
The episode covers tech earnings divergence with Microsoft rallying on AI cloud strength and Meta slipping on capex concerns, while rising bond yields after a Fed hold and hawkish expectations dominate macro. European earnings include strong Shell and Campari results, Heidelberg Materials' volume recovery, and L'Oréal's resilient beauty demand. Geopolitical tensions escalate with US strikes on Iran and a Polish missile incident, adding uncertainty to energy and bond markets.
- Microsoft jumps on 43% cloud unit growth, Meta falls on weak revenue outlook and capex fears.
- 30-year Treasury yield hits 19-year high after Fed leaves rates unchanged; market prices in hawkish tilt.
- PGIM economist expects Fed to hike rates in September, sees UK potentially cutting rates by year-end.
- Campari beats estimates, CEO cites US share gains and strong brand portfolio.
- Heidelberg Materials reports first volume growth in over four years, driven by data centers and infrastructure.
- L'Oréal CEO says all divisions contributing, China luxury and global innovation drive above-market growth.
- US launches new strikes on Iran, Strait of Hormuz shipping constrained, raising energy supply risks.
- Poland investigates possible Russian missile crash near Ukraine border, triggering NATO concerns.
Идеи
US rates need to be higher.
US rates need to be higher; the Fed's lack of commitment to price stability and inflation above target require a hawkish tilt with sequential hikes starting in September, which will put upward pressure on bond yields.
BOE could cut rates by year-end.
The Bank of England can afford to hold rates and, toward the end of the year, could cut rates as inflation surprises to the downside and growth remains similar to the Euro area despite higher UK rates.
Campari gaining share, confident growth.
Campari is gaining market share, growing double digits on premise in the US, and has a focused portfolio with geographic expansion and new occasions; confident the consumer will return and the company will deliver consistent growth.
Volume growth returning, confident outlook.
Heidelberg Materials saw volume growth for the first time in four years, demand signals are encouraging, and growth is driven by industrial segments, data centers, AI, and infrastructure projects; confident in delivering full-year guidance despite high energy costs.
Beauty resilient, all divisions contributing.
Beauty remains resilient, the market is growing, and all L'Oréal divisions and brands are contributing; China is back to positive territory driven by luxury, and the company is gaining market share through innovation across price points and geographies.
Далее
This Bloomberg Markets video, published July 30, 2026, features Katharine Neiss, Simon Hunt, Dominik Von Achten, L'Oréal CEO discussing US Treasury bonds (long-duration), TLT, CPR.MI, Heidelberg Materials, L'Oréal SA. 5 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Katharine Neiss, Simon Hunt, Dominik Von Achten, L'Oréal CEO · Tickers: US Treasury bonds (long-duration), TLT, CPR.MI, Heidelberg Materials, L'Oréal SA