The State of Big Tech and UPS Earnings | Bloomberg Surveillance

TLDRThis video discusses the current state of big tech companies and the latest UPS earnings report. The tech industry is expected to perform well in the coming years, particularly companies involved in cloud and AI technologies. UPS, on the other hand, reported lower than expected revenue and weak performance in both domestic and international markets.

Key insights

📈The tech industry is expected to perform well in the coming years, driven by advancements in cloud and AI technologies.

📉UPS reported lower than expected revenue, signaling weak demand both domestically and abroad.

Q&A

What is the outlook for the tech industry?

The tech industry is expected to perform well in the coming years, particularly companies involved in cloud and AI technologies.

How did UPS perform in their latest earnings report?

UPS reported lower than expected revenue and weak performance in both domestic and international markets.

Timestamped Summary

00:00Introduction to the video and the topics discussed.

02:15Discussion on the outlook for the tech industry and the potential for growth in cloud and AI technologies.

05:30Analysis of UPS earnings report, including lower than expected revenue and weak performance in both domestic and international markets.

08:45Further exploration of the impact of weak demand on UPS and the potential implications for the company.