Fed Rate Hike Looms as Retail Sales Surge

Get a jump start on the US trading day with Isabelle Lee and Damian Sassower on "Bloomberg Open Interest." Markets brace for the Fed, with its first rate hike since 2023 widely expected. Retail sales surge as US consumers keep spending. Plus, Meta pushes AI oversight as OpenAI eyes a $1.2 trillion valuation. And Circle CEO Jeremy Allaire joins us on why he still believes the Clarity Act could become law even though it failed to pass the US Senate. Chapters: 00:00:00 - Open Interest 00:01:43 - Fed Day Preview, Retail Sales Surge & Kevin Warsh's Challenge 00:05:24 - Meta vs. Anthropic, AI Safety, Regulation & Frontier Models 00:08:13 - White House, Anthropic, AI Policy & U.S.-China Competition 00:12:20 - Crypto Selloff, Travel Stocks & Key Market Movers 00:13:35 - High Interest | Saudi Oil Exports, Mortgage Rates Hit 6% & Canada's EU Membership Proposal 00:14:57 - Canada's EU Proposal, Trade Diversification & Economic Outlook 00:18:43 - Ann Berry Threadneedle Ventures | Fed Risk, AI Valuations, OpenAI's $1.2T Ambitions & Market Strategy 00:32:15 - Top Calls | Stellantis Downgrade, Meritage Homes Cut & Booking.com Overweight 00:33:17 - Sucharita Kodali Forrester Research | Retail Sales Strength, Consumer Health & Holiday Shopping Outlook 00:38:46 - AI Safety Debate, OpenAI Valuation, Compute Demand & Regulation 00:45:05 - David Mericle Goldman Sachs | Fed Decision, Dot Plot, Inflation Outlook & Rate Hike Expectations 00:58:19 - High Interest | Retail Sales Beat, OpenAI Fundraising & AI IPO Race 00:58:29 - OpenAI's $1.2T Ambition, Anthropic IPO Race & AI Dealmaking 01:05:08 - Crypto Regulation Failure, Stablecoin Politics & Market Impact 01:07:52 - Jeremy Allaire Circle | Stablecoins, Digital Dollars, Arc Blockchain & Financial Infrastructure 01:16:19 - Neil McDonald Moomoo | Moomoo's X Partnership, Social Investing & AI Trading Tools 01:22:09 - Fed Hike Outlook, Treasury Yields, Bond Market Risks & Inflation Expectations -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts