Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Stocks are set to notch fresh records as a PPI surprise supports the case for a Fed rate cut. A bullish outlook from Oracle supercharges the AI trade. That AI optimism has Wall Street strategists racing to lift their targets on the S&P 500. Shares of Chewy fall after the pet-product retailer failed to live up to high investor expectations. The CEO joins Bloomberg Open Interest and says the correction is outsized. Meanwhile, Klarna is set to make its highly-anticipated trading debut today after drawing strong investor demand.
Chapters:
00:00:00 – Open Interest Starts
00:02:09 – Futures Jump Following PPI Surprise
00:13:01 – HIGH INTEREST
00:14:31 – Fifth Third Falls on Fraud Discovery, Impairment
00:18:11 – Oracle Soars After Bullish Outlook | JoAnne Feeney, Advisors Capital Management Portfolio Manager & Partner
00:30:25 – TOP CALLS
00:45:01 – Oracle Outlook Creates AI Trade Tailwind | Nancy Tengler, Laffer Tengler Investments CEO & CIO
00:53:39 – HIGH INTEREST
00:54:56 – JAB Acquires Prosperity Life For $3B+ | Anant Bhalla, JAB Chief Investment Officer / 1823 Partners Co-Founder & CEO
01:00:58 – Tesla’s Dangerous Door Design Can Trap People Inside
01:05:46 – Brookfield Investor Day Kicks Off Today | Connor Teskey, Brookfield Asset Management President, CEO of Renewable Power & Transition
01:17:19 – Chewy Falls as 2Q Results Fail to Meet High Hopes | Sumit Singh, Chewy CEO
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