Episode summary
Daybreak Weekend: Nvidia Earnings, Europe Airlines, Japan GDP | Bloomberg Daybreak: US Edition
Bloomberg Daybreak: US Edition
· · 38 min · Hosts: John Tucker
Summary
The week ahead is dominated by three big macro and market tests: Nvidia’s Wednesday earnings, earnings from Europe’s low-cost airlines, and Japan’s first-quarter GDP. The host frames Nvidia as the centerpiece, with investors focused on whether its blockbuster growth is still being driven by hyperscalers, whether China-related demand shows up in the numbers, and whether margins near 75% can hold as AI shifts from training to inference. The host also highlights upcoming reports from Walmart, Home Depot, and Deere as reads on consumer demand, housing-related spending, tariffs, and agriculture equipment demand.
In Europe, the discussion centers on how the war in Iran has pushed jet fuel costs higher and threatened airline profitability during peak travel season. A guest says EasyJet has already warned of a wider first-half loss, while Ryanair appears better protected by fuel hedging but still faces supply and demand risks. In Japan, the focus is on whether GDP rebounds at an annualized 1.8% in the first quarter despite weaker consumption, higher energy costs, and a yen that remains vulnerable. The guest says the Bank of Japan may be behind the curve, with markets pricing a high chance of a June rate hike.
Key takeaways
- The host says Nvidia’s results will be watched for China-related orders, hyperscaler demand, and whether revenue growth can stay near 80% year on year.
- The host says Walmart’s May 21 earnings will test value-driven market share gains, e-commerce profitability, and whether the consumer is still holding up.
- The host says Home Depot will show whether higher mortgage rates, tariff pressure, and weak housing confidence are slowing large home-improvement spending.
- A guest says Europe’s airlines are facing sharply higher jet fuel costs, with EasyJet warning of a £540 million to £560 million headline loss.
- A guest says Japan’s economy may grow at an annualized 1.8% in Q1, but consumption remains weak and the Bank of Japan may need to hike in June.
Notable quotes
“The biggest company, Nvidia, opening its books to investors. Let's get a preview and walk you through all the details”
“revenues at near to 80% yearon year. You know, actually, what we'll see is revenue growth accelerate into this quarter”
“margins at 75% for a company that sells chips is just bonkers. It's just nuts”
“The airport's CEO called it though a short-term disruption”
How the episode opens
Bloomberg Audio Studios, podcasts, radio, news. This is Bloomberg Daybreak weekend, our global look at the top stories in the coming week. From our Daybreak anchors all around the world. Straight ahead on the program, a look ahead to earnings from chip giant Nvidia along with some of the biggest US retailers. I'm John Tucker in New York. I'm Caroline here in London where we're looking at the upcoming earnings test for Europe's lowcost airlines.
I'm Doug Krner looking at whether Japan's economy will show improvement in the first quarter. That's all straight ahead on Bloomberg Daybreak Weekend on Bloomberg 1130 New York, Bloomberg 991 Washington DC, Bloomberg 929 Boston, DAB Digital Radio London, SiriusXM121, and around the world on Bloombergradio.com and the Bloomberg Business App.
And good day to everybody. I'm John Tucker. Let's start today's program with the company founded in a Denny's restaurant in East San Jose, California Wednesday after the close of regular trading.
The biggest company, Nvidia, opening its books to investors. Let's get a preview and walk you through all the details. We're joined by Bloomberg Technology co-anchor Ed Ledllo.
Ed, I I got to start with a China question. Which of Nvidia's future results uh are going to reflect purchases from China? Nobody knows that.
That is the great
That's why we bring you on board, Ed. — That is the great mystery and mystique of Nvidia because, you know, for all the headlines and the discussion of what Nvidia can or cannot sell to Chinese companies, you know, with Jensen Wong alongside President Trump in China, there's a big misunderstanding of how it actually works. So like the US government will say we have approved Nvidia to sell a certain generation of chip to a certain group of Chinese companies.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- nvidia earnings
- stock picks
- airline earnings
- europe low-cost airlines
- japan gdp
Companies and tickers mentioned
- NVDA
- RYAAY
- Nvidia
- Ryanair
Watch the episode
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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