Jobs Shock Sends Stocks Higher | Open Interest 8/7/2026
Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." Stocks rise after data showed US employers unexpectedly cut
Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." Stocks rise after data showed US employers unexpectedly cut jobs in July. Meanwhile, oil wavers as prospects for a lasting agreement to reopen the Strait of Hormuz remain elusive. Economic Council Director Kevin Hassett, BlackRock’s Rick Rieder and Julia Coronado of MacroPolicy Perspectives react to the surprising jobs report and what it means for the economy and Fed policy. Tanger CEO Stephen Yalof offers a read on the consumer. Plus, Ethan Allen Chairman & CEO Farooq Kathwari responds to an activist campaign seeking to replace the company’s entire board.
Chapters 00:00:00 - Open Interest 00:01:14 - Jobs Report Shock, Labor Market Weakness, Fed Outlook & Rate Expectations 00:03:43 - Market Reaction, Bond Rally, Inflation Risks & Kevin Warsh's Fed 00:06:21 - White House Response, Iran Negotiations, Jobs Report & Todd Blanche Nomination 00:13:02 - High Interest | SK Hynix Capacity Expansion, Trump on Kevin Warsh & Bank of America Bull-Bear Indicator 00:14:04 - Rick Rieder BlackRock| Labor Market, Inflation, AI Productivity Boom, Bonds & Fed Policy 00:30:31 - AI Financing Boom, Alphabet Bond Issuance, Hyperscaler Spending & SpaceX Trading Dynamics 00:36:21 - Top Calls | SpaceX Bullish AI Outlook, Gap Upgrade & Sweetgreen Price Target Cuts 00:37:25 - Sweetgreen Selloff, Restaurant Spending, Consumer Weakness & Fast Food Competition 00:41:28 - Leveraged ETF Risks, Bitcoin Wallet Hack, ETF Inflows & Crypto Market Structure 00:47:51 - Kevin Hassett White House Economic Council Director | Jobs Report, Labor Force Trends, Immigration, Fed Independence & Iran Strategy 01:03:07 - Julia Coronado MacroPolicy Perspectives | Labor Market Weakness, Immigration Impact, AI-Led Growth & Economic Uncertainty 01:10:35 - Stephen Yalof Tanger | Consumer Spending, Retail Trends, Back-to-School Demand & AI in Retail 01:20:12 - Farooq Kathwari Ethan Allen | Ethan Allen Activist Battle, Digital Strategy, Interior Design Model & Growth Plans 01:30:26 - Hormuz Negotiations, Iran Talks, U.S. Military Readiness & Defense Spending More on Bloomberg Television and Markets Like this video?
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