彭博直播复述Palantir、安森美和Snap盘后财报与异动，核心催化已被系统处理

【实时直播转录 · Bloomberg TV+】
来源:Bloomberg TV+(bloomberg 直播间 btv_us) · 标题:Bloomberg TV+
时段:2026-08-04 04:30–05:00(Asia/Shanghai),共 207 段
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[04:30] Of 140, 145 different banks, financial institutions, they're all basically sitting there trying to disrupt.
[04:30] or disintermediate USDC and those are the biggest financial institutions out there, but how much of a commitment do you think they have to do that?
[04:30] I know that they've been talking about it, but I mean this is something that's really going to come to fruition, and do you think the cooperation will be there?
[04:30] Look down the list like everyone is there and it's too big of a prize because on bullish tablecoins, I'm just not bullish USDC or.
[04:30] So stablecos are there's real use cases for stable coins and there's a lot of yield to be gained for that it's proven.
[04:30] it's just that they're giving it away to their partners instead of retaining them, which is what circle does.
[04:30] Great business, but there's no model, there's no business model this was when they first went public, this was what everyone was talking about, this idea was because they' be usurped.
[04:30] effectively by the government more or less or something of some sort of quasi government agency and the general idea was that given their size, given their footprint that,
[04:31] They would always have a role to some degree or another, you don't see that potential I think it's getting smaller and smaller because you know now with, for example,
[04:31] Mastercard being the dispatcher of stable coins, there's no advantage of scale, so they will have a role.
[04:31] But there's going to be, it's going to be raining stable coinins, there's going to be stablecoins I'm going to write a song about like it's going to hurt.
[04:31] I mean, are we there at that point, I mean just broadly this goes beyond just circle where we are actually going to see wider use of.
[04:31] s yes, I mean we're there, it's already being used broadly and globally, it's just that it doesn't matter.
[04:31] You take your dollar out of your wallet and I take my dollar out of my wallet, I'm a payment analyst, so I don't use any cash, but virtually I take my dollar.
[04:31] Same dollar so it doesn't matter it's interchangeable and interoper Well, I mean you joke that you don't take a dollar out of your wallet, I mean you know I mean I remember years ago.
[04:32] The first thing you do, you can pay, you go to the ATM, take out cash so you can pay I can't remember the last time I had a reason to even do that.
[04:32] We do now is in some way or another just Don electronic used to be lines you know, I mean, I'm sure in a few minutes, my son will text me because he needs some money for.
[04:32] And I'll just know press a button and magically it goes there so that future is here, we' here, who controls that future?
[04:32] The payment industry, right because the payment industry, visa Mastercard, the entire payment industry, which everyone hates right now, for no good reason, it'll come back.
[04:32] The digitization of payments, the payments industry controls it, so it's anywhere from stablecoins to the networks to the merchant acquirers.
[04:32] It's a great time to be in payments to the lenders, it's a great time to be in payments and people don't see that right now, but in two, three months people are going to start seeing that again.
[04:32] Who do you favor which company do you favor most in this space right now, I still love Robin Hood the most I really think Robin Hood, it's not really payments, it's like online workers.
[04:32] But it's a singularity, it's the hyperscalear of next trend brokerages. they're going to be global. This could be like a 10 x.
[04:33] Over the next 10 years yeah interesting yeah we had Btan ofvo last week and it's kind of amazing just how diversified this company has been, Dan always a pleasure.
[04:33] My pleasure, Dan Do of managing director and senior analyst over at Mzzouho and we want to stick with this conversation about stablecoins and talk about some of the.
[04:33] Infrastructure behind it our next guest well he does just that chris morris is the ceo of yellow card, which is a stable coin payments provider.
[04:33] Operating across the emerging market space Chris great to have you here it's great to be here man raining stable coins sounds like the hit of the sea Oh you were sitting here you heard it.
[04:33] I assume that's going to be good for your business if it rains to a certain extent right,' say it's always raining it' always raining.
[04:33] Talk about just the build out of your business and I don't think we didn't mention it in there, but you just actually raised more money, another $40 million.
[04:33] Is that round, is that correct of yes, yes Yeah, we pulled together you know, a great strategic bridge here with you know great.
[04:34] Companies, SC Vens, standard Charers Venture arm, Sony's innovation fund, Pochain, blockchain capital, a number of investments.
[04:34] All just around this thesis that we've proven out in Africa and now have brought to the rest of the world, which is that everybody wants.
[04:34] Access to the dollar Well, that's what i'm curious about, I mean, we kind of said in the title, obviously you started off with the focus on emerging markets and we've told your a story a lot about.
[04:34] Your focus on Nigeria at the start, but then I was looking so SG Ventures Sony Inno Fund, why are they in this?
[04:34] Again, it's just indicative of the fact that stable coins really have gone global here.
[04:34] For us, it's not just Africa,' how do you do the whole world,, how do you bring this technology to the entire world and.
[04:34] What they're coming in to back us on is the USD global accounts, so named US bank accounts.
[04:34] That we're able to issue to businesses anywhere in the world to be able to do instant stableco on and off ramping US dollar payments and domestic payments.
[04:35] In 50 plus countries without that's interesting and made sense I mean that standard charter I a lot of their bread and butters.
[04:35] Emerging markets and I seem I assume they know kind of or have some sense of where the puck is going with regards to the transactions and the use of stable points, I assume this is a bet.
[04:35] On that longer term yeah those guys are deep in the space right they have you know obviously they're working with us, they have you know other plays that they're making in.
[04:35] Stablecos, but I think standard chartered has been extremely visionary from a banking standpoint in terms of where this industry is going.
[04:35] And where financial services as a whole is going with stable coins and with this technology so where do you stand right now, I mean as a business, you've raised a lot of money.
[04:35] I mean, are you like, I assume you've had somebody's probably come to you and said, look, we would just buy you out, have you gotten offers from any banks or credit card?
[04:35] Or anything like that, you know look people come, you, people come around, people poke and I think.
[04:36] So much more to do in this space, and there's so much more that we need to continue building that you know, look, if the right opportunity came around, we'd consider it.
[04:36] I think overall, we've been able to raise a lot of money, we've been able to continue to push in this space and we want to continue to.
[04:36] This technology to the parts of the world that need it the most, right, rather than just focus on the US When we talk about global USD accounts, I mean, like how big are we.
[04:36] Right now in this space and how much bigger do you think it could get I mean,s there's so much bigger that it can get, right, mean the.
[04:36] Essentially all of payments, when you think of stable coins and when you think of what this technology is do, of course, everything is almost a whole world, but I mean realistically.
[04:36] think it's going to become the dominant sort of source of not just cross border, but even within border trends.
[04:36] Within borders is a bit more complicated, I think when you look at international transactions within 10 years, people will not.
[04:36] Be using other forms of moving money across borders, right and even if you are using you know a.
[04:37] A company or anything like that to move that money across borders. They're going to be using stable coins on the back end. It's just such a paradigm shift in the way that money.
[04:37] Moves across borders, but I mean i've seen a lot of other companies you know trying to do kind of what you do strippe wise, a few others here I mean what sets.
[04:37] What sets yellow card apart I mean, what's the value proposition over your competitors Yeah look, I mean, you know when it comes to you know companies.
[04:37] Like Strripe and wise, you, we're the ones building the infrastructure for those types of companies, I mean so we're the ones that build infrastructure for companies.
[04:37] Actually be able to move money internationally and on and off ramp all over the world directly against stablecos That's what you do for.
[04:37] What is your relationship with Cir right now, I mean you are building, you have the infrastructure for them right, they're using your infrastructure so we use USDC, right?
[04:37] We use USDC and other stable coins for actually moving that money around the world, I mean the big thing that we do that you know,
[04:38] Thats us apart, right, is there's a lot of companies that are using USDC and other stable coins to move money around the world, but then they only.
[04:38] interactact with the dollar. So you have a company that mins USDC sends it to you, and then you got to burn it for the dollars.
[04:38] All we did was add two extra steps to me just wiring you dollars and so you know what we do is we go into countries all over the world, all over Africa.
[04:38] , Asia, et cetera, and we have direct liquidity and direct on and off ramps against the local currency.
[04:38] So instead of going USDC to USD and then wiring that money somewhere, you can actually send it, send the stablecoin directly.
[04:38] To China, right to Africa to anywhere and then off ramp against the local currency I mean, we didn't bring this up.
[04:38] We were talking with Dan Do of earlier, I mean, I mean C is trying to build out a payments network, at least based on what bloomloomberg has reported, does that become a competitor?
[04:38] If they able to do thatSo we're part of payments network, the CNN, and they're going to remain.
[04:39] PartYou're going to remain in partnership with them or they're going to remain in partnership with you Yes I mean so look unless they want to go you know build this stuff out themselves across.
[04:39] You know all these countries which it's a tall as, right, it takes a while, so we work with great companies like Circle.
[04:39] powering those types of payment networks right and circles just one of them. So we do this know across the board for know we work with great companies like Visa.
[04:39] Western Union, all these types of companies. How much does, I guess the prominence of the dollar and sort of the renewed.
[04:39] By this particular administration making sure that the dollar is sort of remains the central currency around the world, how much does that?
[04:39] to your business right now and any adjustments you would have to make Look, I mean, that has definitely been a big boost to the entire.
[04:39] Higher industry, right and to stable coins as a whole. And it has made the conversations that we have with foreign banks, foreign.
[04:40] Government's so much easier around why is this technology beneficial, And the big thing that stablecoins are doing is.
[04:40] dollarminance, which is why the current administration loves them so much right they're taking the dollar, which I mean look.
[04:40] Loves to talk about the downfall of the dollar right, but know they are extending dollar dominance by at least 30 years past know, however much.
[04:40] ongger it already had. so I mean it's really taken it to another level, and it's going to keep the dollar in its position as.
[04:40] The dominant world currency for a to have you back Great to be here, brother Chris Morris, there CEO over at.
[04:40] Meanwhile, before we take a quick break let's take a quick look at some of the after hours trade beaten raised quarters for three big companies that just reported.
[04:40] Earning palanter on semi as well as snap we're waiting those conference calls to kick off, but there was a lot of concern here about some of the.
[04:40] I also we had seen in those names a bit of a snap back here in the after H trade we'll be back in a moment, this. Bloomberg.
[04:41] 🎼When news breaks a red head across the Bloberg terminal Bloberg has you covered Trump's global tariffs are struck down by the US Supreme Court.
[04:41] 🎼All the context and clarity you need there's going to be now tons of tariff headlines until midterm election here at first on bloomloomberg.
[04:41] What is Mira Mity's vision for the future?
[04:41] 🎼You know,Ping dystopia or utopia to me feels very, very simplified.
[04:41] I we actually have a lot of agency in how we build this technology in the tools that we're building, how we're deploying it.
[04:41] 🎼It's not a predestined outcome There are certainly those risks we all understand the potential for growth.
[04:42] That comes with building frontier eye systems and that's why we're working on them, there's been a lot of talk.
[04:42] 🎼round the uncertainty, around the downsides, and I agree with a lot of these risks.
[04:42] Perhaps where I might disagree or take a different path is that I think we have a lot of agents.
[04:42] See like this period of time where both humans and AI systems have their hands.
[04:42] 🎼On the wheel and we can collaborate is a very important time to get right and the more that we can reduce that discontinuity.
[04:42] 🎼That comes from new capabilities and huge change in capabilities, the better and this.
[04:42] 🎼Why we took this approach with thinking machines and why the company exists.
[04:42] 🎼morning good morning. This is. We back to the opening trade. Itberg money. this is the Asia.
[04:43] 🎼This is Wall Street week. Welcom to balance of power. You're watching Bberg deal. We to Bberg this weekend. This is Bloomberg television.😊
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[04:43] All right, keeping an eye on earnings and well keeping an eye on earnings tomorrow that includes from MccDonald's the company set to report.
[04:43] As investors look beyond the chain for clues on broader restaurantmont demand and for any commentary, of course, around that recent out.
[04:43] Gocyclospora tied to shredd lettuce joining us right now is sarah senator, she's senior restaurant analyst over at Bank of americas security.
[04:43] Sarah, first let's just start kind of with overall growth here, at least based on bloomberg estimates, we're expecting comp sales to be up about.
[04:44] 1.4% overall U comp sales trailing international comp sales, is that kind of in line with what you're looking for?
[04:44] Yeah, I think what we've observed and you know, there's all kinds of high frequency data that we can look at, that's about where we are, we're between zero.
[04:44] And 1% for the US a little higher than that for the international markets So when we start to talk about what the growth.
[04:44] Story is and what this company will articulate, where do you see that growth coming from, is it just about more foot traffic into the stores?
[04:44] Hyatt ticket or higher you know receipts for the folks that are coming into that or where yeah, we hope i most restaurants.
[04:44] I hope that it'll come from a mix of those two right so you want some traffic, you want either higher frequency or new gas coming in, but you also want a little bit of check.
[04:44] Um, you know, with some evidence that you don't, you can't take a lot of price, but maybe people are trading up or they're enjoying some of the premium items.
[04:44] McDonald's did launch the first wave, if you will, of its beverage initiative in May.
[04:45] BSome attachment, so people who maybe would have gotten a soda now are getting a refresher, then that helps with check too.
[04:45] Well, talk to me about that specifically because A, it seems like every restaurant chain is now trying to do these, whether they call them refreshers, energizers, whatever star.
[04:45] Bugs, Duncan, probably have quite a few others I'm forgetting I assume that's got to be a relatively high margin product I there a sense here that they can.
[04:45] Push that further in order to boost the bottom line or is it just kind of commensurate with you have to get a meal and then you get it or are people actually coming in just for.
[04:45] The drinks into into a mDonald's Yeah, I think what mcDonald's has seen or what they they articulated seeing in the test market in Colorado.
[04:45] In particular was that you did see some people come in for just a beverage in addition to attaching them, so you know the idea behind these beverages.
[04:45] I was that they would bring in perhaps a newer younger customer, but also a different date part, so maybe in the afternoon when somebody's looking for picking me up.
[04:46] Or something you know light as opposed to a full meal, and so I think you know that that's what investors will be looking for signs of that.
[04:46] held true even after it's launched more broadly one of the reasons why I asked because it seems like in the past quarters there's been a big focus by investors.
[04:46] costs and obviously McDonald's has a lot of exposure, whether it's you know beef prices, coffee prices, chicken cheese.
[04:46] Corn I'm probably forgetting a few other things have we started to see maybe a little bit more of a moderation in some of those material price.
[04:46] Material price increases mDonalds so a beef has really been the most inflationary part of the commodity.
[04:46] complex for a restaurant, so anybody who sells beef is going to have some that upward pressure we've actually seen ground beef.
[04:46] Inflate more rapidly than some of the primal cuts, you know, just as people perhaps trade down in the grocery store into some of the more affordable price.
[04:46] So that remains a pressure point, I mean you had asked earlier about the margins, certainly what we see is that beverage margins are better.
[04:47] Than food, that is part of the appeal of that of that beverage launch to franchisees you know, the price points are.
[04:47] To be attractive, very competitive, more consistent with McDonald's positioning, but yeah, the as you said.
[04:47] There has been moderation across most commodities just not being.
[04:47] I'm curious just about the health of the consumer as well, Sarah, because I remember on the last conference call that McDonald's held back in, I think early May.
[04:47] Chris Zemsky was asked about kind of the health of the consumer and he said that you know there was sort of, I guess, or you said he was expecting.
[04:47] Meaningful deceleration in the current quarter because of the run up in gas prices, and i know gas prices have kind of fluctuated a lot.
[04:47] Because of whatever the heck's going on in the Middle East, but is there some sense that investors should anticipate that we might actually see some saw?
[04:48] Either in the numbers or in the forecast because of the potential strain on the consumer.
[04:48] The expectation, certainly and I'll touch on the gas prices part of the expectation was also just the comparisons get more difficult, I think.
[04:48] The expectation was that the two year trends, if you try to control for the difficulties of comparisons, maybe looks better sequentially so to your point.
[04:48] One year for sure was expected to slow down I think what we've heard and we're early days in terms of the earnings season for restaurants is.
[04:48] That restaurants that offer something compelling are seeing traffic grow, so the low income consumer is still under pressure.
[04:48] We have some signs that perhaps that's abating a little bit or at the very least you know wages perhaps are accelerating, so that's covering some of the.
[04:48] elevatedleated gas prices, but restaurants that have something you know with respect to menu innovation or market.
[04:48] Campaign or something that's unique have been seen traffic grow and so I think you know that's really what we're looking for is those restaurants.
[04:49] You can kind of cut through or break through the noise and really bring in customers across cohorts Well that's all I was curious about too because I remember McDonald's kind of got.
[04:49] The lot maybe unfairly for how high its prices had gotten, at least for a full meals and then they introduced the big arch, which was like a $10 burger.
[04:49] Which for McDonald's was pretty pricey, I know in the context of Shake shack and other things, it wasn't that bad, but I remember last quarter they actually said that those.
[04:49] Ptty well, and I wonder if that was just simply because it was something new and in the minds of a lot of people, something novel and innovative.
[04:49] That they wanted to be a part of and people didn't mind spending a couple bucks more for that as opposed to a regular quarter pound or.
[04:49] big Mac I think what we're seeing is the success of a barbell strategy, which is what the state of the art in.
[04:49] Retaurants, which is essentially you have to have some premium offers, whether it's because you need to appeal to a higher income cohort.
[04:50] Is still spending or because again, the newness, you know, and the value for the money is there, you know, big sandwich is the big brightest point, but it's a big sandwich.
[04:50] At the same time you do also have to have some very accessible price points, so McDonald's relaunched value with their value 2.0.
[04:50] It has a lot of very low price points, you know, $3 and under in addition to some of these combo meal prices, you know that they pulse whether it's a $5 break.
[04:50] B meal or an $8 combo meal and certainly at the local level we're seeing some aggressive price points, but I think that's exactly right.
[04:50] They, among other restaurants, do need to have an array of offerings for all the different people out there.
[04:50] I really appreciate you taking time for us, Saraharah senator there, senior restaurant analyst over at Bank of a America securities as we sent you up for those mcDonald's earnings.
[04:50] In the morning and when we come back after the break, we're going to set you up for what to watch over the next 24 hours with some of the other potential market moving events that's coming up next year on Bloomberg.
[04:50] 🎼
[04:51] 🎼In case you missed it on Daybreak Your, we're talked going with the EU regulator on this.😊
[04:51] So look, as I told you, I interact a lot with Americanss and Chinese players and we see a Trump fighting for their companies all the time.
[04:51] You see the Chinese fighting for their companies all the time here in Europe, I feel I'm fighting against the European regulators, not that they are fighting for us. They are fighting.
[04:51] 🎼Against us, it's a big mistake because we need to have really big global tech leaders in Europebreak Europe live every weekday.
[04:51] In case you missed it on bloomloberg crypto is the end here forbase new company to become.
[04:51] 🎼integrated financial that ends up competing with the firm that you came from Well our goal as you identified.
[04:51] Becoming the Everything Exchange, we want to be a one stop shop where you can trade stocks commodity futures, crypto, either.
[04:52] 🎼Have it or are going to want to try to build it. So we see the entire financial industry as both partners and potentially competitors because.
[04:52] The of finance is going to run on crypto rails and Coinbase has been a leader in that regard, so we see an inevitable convergence.
[04:52] Between traditional finance and crypto so that a couple of years from now, even your questions are not going to be identifying this.
[04:52] within the industry, but rather talking about how every modern financial institution is embracing the efficiencies and benefits.
[04:52] pto bloomberg crypto live Tuesday.
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[04:53] I Bloomberg Welcome to Bloomberg this week I'm David Bur.
[04:53] and i'm chrisina raffiti we're tracking breaking news today from wall street to washington lets start over this weekend bringing a little.
[04:53] your watch listen stream next week on leaders with me.
[04:53] entrepreneur Amanda Staveley on the boldest deal of her career was brave.
[04:53] NewcastleIt was the toughest decision I've made, it was so hard and what she's looking for in her next football club.
[04:53] I just want a challenge So tune into the podcast version of leaders with Fran Laqua listen and watch on Bloomberg television or wherever.
[04:54] You get your podcasts.
[04:54] For what to watch over the next 24 hours, what the markets will have their eyes on and it includes quite a few earnings we we' were just talking about in mcDonald's.
[04:54] You see read on the consumer, we also get some interesting reports in the industrial space and in the healthcare space, Pfizer and caterpillar set.
[04:54] Re before the bell tomorrow also look out for earnings from apollo wayfair and merck after the bell we're going to get a lot paramount sky dance lucid.
[04:54] Booking holding thingss agen and then two big ones in the tech space ad and SpaceX SpaceX his first earnings report since it went.
[04:54] Like back in June on the economic front, we're going to get an update on our trade balance here in the US, we're going to get an update on factory.
[04:54] We're going to get an update on durable goods and the drumbeat to friday's monthly jobs report begins with those jolts numbers tomorrow.
[04:54] So on the politics front, keep an eye out for primary elections going to be held in kansas, michi, Missouriouri and washing, prelude to maybe what?
[04:55] We might find out for the Novemberveber 3rd general election and saying in the political space President trump we're told is set to meet.
[04:55] With AI firms tomorrow in washington we're going to try to get you some more details on that i think the folks of balance of power might have some more information at the top of the.
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