Charles Schwab CEO Rick Wurster Talks Future of AI

Apple delivered a forecast for the holiday period that topped Wall Street estimates, even as it failed to impress investors who have bid up the shares in recent months. Revenue will rise 7% to 10% in the fiscal first quarter, which runs through December, Apple said during an earnings conference call Monday. Analysts had estimated 6.1% on average, according to data compiled by Bloomberg.The shares slumped about 4% in late trading, a sign of the lofty expectations surrounding Apple. After a rally added roughly $1 trillion in market value to the company since late June, investors were betting on a blockbuster report. For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with Bloomberg Intelligence senior tech analyst Anurag Rana and Bloomberg News managing editor for global consumer tech, Mark Gurman. See omnystudio.com/listener for privacy information.

Apple posted September quarter revenue that narrowly topped analysts’ estimates, with revenue rising 12% to $114.5 billion. Sales growth decelerated from a 16% clip in the June quarter, and results from Apple’s iPad and wearables businesses were particularly weak, but the iPhone remained strong. Revenue from the iPhone grew 17% to $57.6 billion during the quarter, topping an average estimate of $56.5 billion, and services rose 9.8% to $31.6 billion, matching estimates. Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech reacts after Apple releases Q3 earnings. He speaks with Bloomberg's Carol Massar and Tim Stenovec. See omnystudio.com/listener for privacy information.

Polls continue to strengthen Democratic prospects for victories tomorrow, The Director of the Suffolk University Political Research Center, David Paleologos. He speaks with Bloomberg's Joe Mathieu. See omnystudio.com/listener for privacy information.

Edward Yardeni, president at Yardeni Research, examines the potential market implications of a blue wave in the US midterm election, saying it “could be a very cold shower for the markets in terms of the gridlock” in government. He speaks on Bloomberg Television.See omnystudio.com/listener for privacy information.

Ryanair Chief Executive Officer Michael O’Leary speaks on Bloomberg Television after the airline announced it will embark on a cost purge to help offset a €2 billion ($2.2 billion) increase in fuel charges next year. “My advice to consumers now is book early for next summer because the prices are going to rise significantly,” O’Leary says.See omnystudio.com/listener for privacy information.

Ian Thomas, Chief Executive of the City of London Corporation has just been named as the UK's most influential Black person in this year's Powerlist honours. He joined Bloomberg's Caroline Hepker and Tiwa Adebayo to discuss the achievement, the City's global competitiveness and promoting diversity on corporate boards.See omnystudio.com/listener for privacy information.

David Baszucki, Roblox CEO, joined Bloomberg Tech with host Ed Ludlow to discuss how the company is betting that AI can help growth, child safety measures, and more.See omnystudio.com/listener for privacy information.

Starbucks Chairman and CEO Brian Niccol says that a multi-brand model is a possibility, calling it an "interesting proposition down the road," during an interview with Bloomberg's Romaine Bostick on Open Interest. Speaking a day after Starbucks released its quarterly earnings, Niccol also discusses plans for opening roughly 300 new stores in the US in fiscal year 2028 and aiming to double the international footprint to 40,000 stores. See omnystudio.com/listener for privacy information.

Billionaire and founder of the Arora Group, Surinder Arora reacts to the UK's budget and what it means for business leaders in the country. He told Bloomberg's Caroline Hepker that measures to help stimulate the economy don't go far enough.See omnystudio.com/listener for privacy information.

Rick Wurster, Charles Schwab CEO, talks investing in AI, the blend of AI with human financial guidance, stock value and prediction market popularity. He spoke to Bloomberg's Carol Massar and Tim Stenovec at Schwab IMPACT 2026 in Boston.See omnystudio.com/listener for privacy information.