Carnival Cuts Profit Outlook as Iran War Pushes Up Fuel Cost

<p>Watch Scarlet and Paul LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.<br /><br />Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu<br /><br />- Brian Egger, Bloomberg Intelligence Senior Gaming and Lodging Analyst, discusses Carnival earnings. Carnival cut its full-year profit outlook as surging crude prices are driving up fuel costs.<br />The Miami-based cruise operator now sees full-year earnings of about $2.21 per share, adjusted for some items. That&rsquo;s down from a December forecast of about $2.48 and below analysts&rsquo; estimates of $2.35.<br /><br />- Matthew Schettenhelm, Bloomberg Intelligence Media Litigation Analyst, discusses Meta and Alphabet being found liable in a social media addiction trial.<br />According to Bloomberg Intelligence: Though social-media addiction litigation will -- barring a global pact -- generate a barrage of bad headlines for Meta, Alphabet, and other social-media companies this year, it doubts direct material business impacts for the deep-pocketed companies.<br /><br />-- George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, &amp; Airlines Analyst, discusses JetBlue and the latest airlines news. According to Bloomberg Intelligence: JetBlue considering options including a sale, as reported by Semafor, highlights risks for low-cost carriers squeezed by weak leisure pricing and surging fuel costs, though finding a suitor may be difficult, with Alaska Air appearing the most logical. United could have interest, as shown by recent codeshare and loyalty-program partnerships, but a combination with a large US carrier would likely face antitrust pushback.<br /><br />- Randall Williams, Bloomberg Business of Sports Reporter, discusses the top business sports stories. NBA owners voted to explore adding franchises in Las Vegas and Seattle, which would mark the league&rsquo;s first expansion in two decades.&nbsp; The commissioner said that the market will determine the value of the team, and that he anticipates robust interest, with the league potentially netting $7 billion to $10 billion for each franchise. He also discusses Major League Baseball and the possibility of a work stoppage.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>