S&P 500 Rally Faces Earnings Test | Open Interest 8/4/2026
Bloomberg TelevisionGet a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." A new S&P 500 record is in sight as earnings put the rally to the test. SpaceX and Palantir take center stage, while oil slides on hopes for a US and Iran breakthrough. Plus, Redd Brown joins us on McDonald’s leadership shakeup, Bob Sloan of S3 says SpaceX is the "frothiest trade the market has even seen." Phantom CEO Jim Cantrell takes a deep dive into the space boom, and Goldman's Amanda Lynam joins us with a look at hidden credit stress. Chapters: 00:00:00 - Open Interest 00:01:08 - SpaceX Earnings Preview, AI Spending, Starlink Cash Flow, Lockup Expiration & Tesla Merger Speculation 00:04:12 - Pfizer, Merck, Patent Expirations, Drug Pipelines & Pharma Cost Cuts 00:07:20 - McDonald's Weak Traffic, Consumer Spending Pressure & K-Shaped Economy 00:09:47 - Caterpillar AI Demand, Spotify Outlook & Nike Downgrade 00:11:05 - High Interest | Anthropic-Nvidia Compute Deal, U.S.-Japan Yen Intervention & U.S.-Iran Hormuz Negotiations 00:12:16 - Iran Deal Talks, Strait of Hormuz, China AI Policy & White House Strategy 00:17:30 - Nimrit Kang Northstar Asset Management | AI Broadening Beyond Mega Caps, Earnings Growth, Caterpillar & Market Rotation 00:30:54 - Top Calls | Nike Downgrade, Walmart Downgrade & Palantir Price Target Increases 00:31:58 - Palantir's AI Growth, Government Contracts, SpaceX AI Strategy & Compute Monetization 00:38:51 - Caterpillar Earnings, AI Infrastructure Boom, Data Center Demand & Industrial Growth 00:44:17 - JOLTS, Durable Goods, Business Investment & AI Impact on Economic Data 00:46:23 - Indrani De FTSE Russell | AI Concentration Risk, Small-Cap Leadership, Higher Rates & Equity Market Volatility 00:54:43 - High Interest: NYC Rat Decline, Wells Fargo Tokenized Deposits, JPMorgan AI Hiring & AI Credit Risks 00:56:28 - Amanda Lynam Goldman Sachs | AI Credit Markets, Private Credit, Concentration Risk & Debt Financing for AI Infrastructure 01:05:32 - Jim Cantrell Phantom Space | SpaceX Earnings, Space Industry Outlook, Capital Availability & Launch Market Competition 01:11:35 - ON Semiconductor, Snap Results & SpaceX Ahead of Earnings 01:13:24 - Bob Sloan S3 Partners | SpaceX Short Interest, Lockup Risks, Tesla Comparisons & Hedge Fund Positioning 01:21:29 - Hedge Fund Returns, AI Volatility & Situational Awareness Fallout -------- 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