Microsoft Rallies on Earnings as Meta Slides with AI in Focus | The Pulse 7/30/2026

Watch on YouTube ↗  |  July 30, 2026 at 11:08  |  48:37  |  Bloomberg Markets
Speakers
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 — Bloomberg Reporter
Reporter — Reporter
Arthur — Reporter

Summary

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.
Ideas
Katharine Neiss PGIM Credit Deputy Head of Global Economics 8:18
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.
US Treasury bonds (long-duration) HIGH
Katharine Neiss PGIM Credit Deputy Head of Global Economics 12:02
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.
Uk government bonds (gilts) MED
Simon Hunt CEO, Campari Group 15:51
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.
CPR.MI MED
Dominik Von Achten CEO, Heidelberg Materials 27:15
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.
Heidelberg Materials MED
L'Oréal CEO CEO 33:55
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.
OREAL MED
Up Next
4:39:51
[July 30, 26th Afternoon Broadcast Full View] Despite Samsung Electronics' confirmed earnings, semiconductors are in a time of confusion... What is the fate of tomorrow's market?
3PRO TV (삼프로TV) · Jul 30
23:33
[#RealMarket] Historic Oversold Crash... Foreigners "Buy Cheap with Open Mouths" "When Will Fear-Driven Forced Liquidations End?" | Hwang Yuhyun Team Leader
815 Money Talk (815머니톡) · Jul 30
19:48
[Highlight] A decline scarier than war... betting is right here | Chesley Investment Advisory Executive Director Park Se-ik [Woomae Shinbak / 26.07.30.Thu]
Chesley Investment Advisory (체슬리투자자문) · Jul 30
20:51
AI Revolution, Is It Really Profitable? Why Even Big Tech Can't Earn Money "AI Subscription Fees Will Ultimately Keep Falling" | Dr. Yoo Shin-ik
815 Money Talk (815머니톡) · Jul 30
23:40
I Just Bought the Most Hated Stock in the Market and Here's Why
Everything Money · Jul 30

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), Uk government bonds (gilts), CPR.MI, Heidelberg Materials, OREAL. 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), Uk government bonds (gilts), CPR.MI, Heidelberg Materials, OREAL