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Big Tech’s AI Divide Widens | Open Interest 7/31/2026

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Get a jump start on the US trading day with Dani Burger on “Bloomberg Open Interest.” The Big Tech divide widens as Amazon’s AI bet delivers, while chip shortages pressure Apple. John Blackledge breaks down AWS demand and Amazon’s trillion-dollar cloud potential. Will Power explains why Apple’s strong demand may outweigh supply turbulence. Plus, Citadel’s latest AI deal, improving consumer sentiment, and the market risks heading into August.

Chapters:
00:00:00 – Open Interest
00:01:56 – Amazon’s AI Spending Boom, AWS Growth, AI Infrastructure Demand & Apple’s Supply Chain Problems
00:05:11 – Situational Awareness Collapse, Margin Calls, Citadel Rescue & AI Trade Unwind
00:07:05 – Exxon & Chevron Earnings, Strait of Hormuz Risks, Iran Conflict & Oil Markets
00:10:19 – High Interest | Gaza Peace Deal Proposal, Novo Nordisk Drug Failure & FIFA’s $20 Billion Spin-Off Backlash
00:11:17 – John Blackledge TD Cowen | Amazon AWS Acceleration, AI Demand, Capacity Constraints & Cloud Growth Outlook
00:16:52 – Will Power Baird | Apple Supply Constraints, AI Devices, iPhone Demand, Pricing Power & Product Cycle Outlook
00:24:16 – Amanda Agati PNC | Mag 7 Divide, AI Winners & Losers, Earnings Strength & Market Leadership Shift
00:31:43 – Top Calls | Roblox Downgrade, Rivian Outlook Upgrade & Apple Supply Chain Concerns
00:32:40 – Anthropic AI Security Breach, OpenAI, Government Oversight & AI Regulation Risks
00:39:48 – South Korea ETF Restrictions, SK Hynix Volatility, Leveraged ETFs & Retail Trading Risks
00:44:30 – Consumer Sentiment, Inflation Expectations, Fed Dissents & Kevin Warsh Policy Outlook
00:46:45 – Warsh’s Fed, Higher Volatility, Active Management, AI Leadership Rotation & Market Structure
00:56:24 – High Interest | Caspian Pipeline Disruptions, Anthropic Security Failures & Situational Awareness Asset Sales
00:57:37 – Situational Awareness Meltdown, AI Leverage Risks, Citadel’s Rescue Deal & Hedge Fund Lessons
01:05:47 – Charlie Morrison | Jersey Mike’s IPO, Expansion Strategy, Consumer Demand & UK Growth Plans
01:16:42 – Strait of Hormuz Escalation, Iran Retaliation, Oil Flows, Gaza Negotiations & White House Response
01:22:16 – FIFA Spin-Off Rebellion, World Cup Economics, UEFA Pushback & Sports Governance Crisis
01:26:02 – Week Ahead | Palantir, SpaceX, AMD, Payrolls Report & Key Economic Data
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Democrats Got Their Blue Wave. What’s Next?

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Democrats’ warning to “lawyer up” is sending ripples through Washington as the party gears up to launch investigations into President Trump and the people and companies in his orbit.

Bloomberg’s Joshua Green joins Max Chafkin and Stacey Vanek Smith on the Everybody’s Business podcast to discuss what these probes might look like under a Democrat-led Congress.
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CoreWeave Earnings Top Estimates, Boosts Annual Forecast

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Gil Luria, D.A Davidson technology research head, says CoreWeave’s earnings are “very good,” and there’s not enough compute power to go around. But he says CoreWeave will have trouble raising “more capital to keep going.” He speaks on “Bloomberg The Close.”
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Wiles Out as White House Chief of Staff, Stephen Miller Takes Role

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“Balance of Power” focuses on the intersection of politics and global business. On today’s show, Joe Manchin, former US Senator and Governor for West Virginia, says Democrats can overplay their hand if they make impeaching President Donald Trump a priority after taking control of Congress. Rep. Don Beyer (D-VA) says he was thrilled that a federal judge temporarily blocked President Donald Trump’s planned triumphal arch from breaking ground. Rep. Gwen Moore (D-WI) says affordability is “top of mind for all Americans” and believes health care is an obvious place for Democrats to intervene.

Chapters:

00:01:47 Bloomberg’s Jeff Mason on Trump Shakes Up White House, Stephen Miller Named Chief of Staff
00:04:19 Joe Manchin, former US Senator and Governor for West Virginia, on Trump, Democrats and the New Congress
00:08:32 Joe Manchin on Congressional Oversight and Impeachment
00:10:54 Joe Manchin on the 2028 Presidential Field
00:13:57 Power Moves: Top Financial Moves
00:17:46 Rep. Don Beyer (D-VA) on Trump’s Planned Triumphal Arch Faces Legal Challenge
00:21:02 Rep. Don Beyer (D-VA) on Hegseth Impeachment and War Powers
00:22:59 Rep. Don Beyer (D-VA) on Democrats Debate Permitting Reform
00:24:08 Bloomberg Government’s Rachel Schilke on House Republicans Face Leadership Battle After Midterm Losses
00:29:24 Rep. Gwen Moore (D-WI) on Democrats’ Agenda and Working With Trump
00:32:03 Rep. Gwen Moore (D-WI) on Pete Hegseth and Impeachment
00:33:38 Rep. Gwen Moore (D-WI) on Democrats’ Affordability and Health-Care Priorities
00:35:32 Rep. Gwen Moore (D-WI) on AI, Data Centers and Economic Risks
00:40:52 Political Panel Reacts: Stephen Miller’s Promotion, Hegseth Impeachment Push, Mississippi Senate Race and Remaining Vote Count

——–
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Will a Democrat-Led Congress Slow Data Center Buildout?

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As the dust settles after sweeping Democratic wins across the country, many are left to wonder — how will the power shift influence everything from the composition of the FOMC to AI development?

Employ America’s executive director Skanda Amarnath joins Tracy Alloway and Joe Weisenthal on the Odd Lots podcast to discuss whether he thinks a Democrat-led Congress will slow down data center construction.
——–
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Anthropic Files for IPO in Global Race to Raise Cash for AI

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Anthropic filed for its long-awaited IPO, a landmark moment in an industry that is growing ever-hungrier for cash to power ahead. Ed Ludlow reports.
——–
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