Bloomberg’s Ed Ludlow breaks down Apple’s earnings, which signal strong holiday demand, but show that high memory costs and greater spending on AI will squeeze margins. Plus, Disney plans thousands of layoffs as it aims to cut 20% of costs companywide. And AI is on the ballot in the midterm elections as voters consider local proposals and candidate stances related to AI.

00:00:00 – Bloomberg Tech Begins
00:00:47 – Bailey Lipschultz on Meta Bond Offering
00:03:47 – Mark Gurman on Apple products in earnings
00:06:36 – Carolina Milanesi, Creative Strategies on Apple Earnings Report
00:10:53 – Gregg Moskowitz, Mizuho on Palantir growth outlook
00:14:43 – Peter Oey, Grabtaxi CFO on Grab Reports 3Q milestone
00:18:34 – Joe Mathieu on Midterm elections
00:23:01 – Anurag Rana on Apple stock
00:27:01 – Ryan Vlastelica on AMD Earnings today
00:30:39 – Chris Palmeri on Disney layoffs
00:34:56 – Michael Shepard on Midterms on AI Development
00:38:11 – Ellen Hazen, FL Putnam on AI & affordability top of mind for Midterms
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Grab CFO Peter Oey says the company is seeing returns from its use of AI tools in the form of higher spending by customers. The ride-hailing, delivery and financial services app raised its full-year revenue and profit forecasts. Oey joins Ed Ludlow on “Bloomberg Tech” to discuss Grab’s earnings.
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Walt Disney is planning thousands of job cuts across the company, including TV, film and parks, with some managers being asked to target 20% in annual cost savings, according to people familiar with the matter. Bloomberg’s Chris Palmeri discusses Disney’s plans and how they fit into the changes the wider entertainment industry is experiencing. He joins Ed Ludlow on “Bloomberg Tech.”
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