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Cooler Inflation Gives Fed Breathing Room | Open Interest 8/12/2026

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Get a jump start on the US trading day with David Gura and Vonnie Quinn on “Bloomberg Open Interest.” Inflation cools, giving the Fed more breathing room as AI earnings reignite the trade. Oil wavers as Trump escalates rhetoric over the Strait of Hormuz. Plus, Goldman makes a $2.25 billion ETF bet, the Lakers sell for a record $12 billion, Firefly CEO Jason Kim on surging launch demand, and Link Logistics CEO Luke Petherbridge on AI’s warehouse boom.

Chapters:
00:00:00 – Open Interest
00:01:23 – CPI Breakdown, Fed Outlook, Inflation Trends & Jackson Hole Expectations
00:04:22 – CoreWeave Surge, AI Infrastructure Demand, Nvidia Ecosystem & Compute Buildout
00:10:43 – High Interest | UK Job Migration, Goldman ETF Expansion & Wisconsin Primary Results
00:11:45 – Wisconsin Primaries, Democratic Divisions, Trump Endorsements & Election Takeaways
00:14:50 – Iran Military Escalation, Hormuz Diplomacy, Security Threats & White House Concerns
00:17:41 – Cava Earnings, Consumer Spending, Restaurant Traffic & Fast-Casual Winners
00:24:05 – Saira Malik Nuveen | CPI Reaction, Fed Pause, AI Productivity, Global Markets & Portfolio Strategy
00:31:56 – Top Calls | On Running Downgrade, Gap Downgrade & CoreWeave Upgrades
00:33:02 – CoreWeave Earnings, AI Demand, Margins, Nvidia & Infrastructure Stocks
00:38:21 – Goldman ETF Acquisition, Asset Management Growth & AI Infrastructure Financing
00:44:04 – CPI Deep Dive, Inflation Risks, Housing Costs & Fed Policy Implications
00:47:09 – Diane Swonk KPMG | Sticky Inflation, Services Prices, Energy Costs, Fed Hawks & Kevin Warsh
00:54:48 – CoreWeave Rally, Super Micro Momentum & AI Infrastructure Winners
00:57:39 – Luke Petherbridge Link Logistics | AI Data Centers, Warehouse Demand, Industrial Real Estate & Infrastructure Growth
01:05:51 – Jason Kim Firefly Aerospace | Firefly Aerospace, Launch Demand, Lockheed Partnership & Space Industry Constraints
01:17:55 – Seth Grae Lightbridge | Nuclear Fuel Commercialization, Energy Demand, AI Power Needs & U.S. Nuclear Policy
01:23:12 – Minnesota, Wisconsin & South Carolina Primary Results
01:25:33 – Breaking News: Wendy’s Take-Private Bid Led by Nelson Peltz
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Trump Spurns Iran’s Latest Offer; Former Disney CEO Bob Chapek

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The selloff in the US bond market deepened on Monday after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, dampening hopes of a diplomatic breakthrough to end the war. We get reaction from Bloomberg’s Ira Jersey. Iranian officials have privately expressed pessimism about reaching a deal to end hostilities with Washington and reopen the Strait of Hormuz before US midterm elections in November, according to people familiar with the matter. Iran and the US made little progress during talks in New York on the sidelines of the United Nations General Assembly last week and the Islamic Republic believes there’s a high chance of the conflict escalating after the November 3rd vote. We speak with former Under Secretary of the US Army, Patrick Murphy. Plus – former Disney CEO Bob Chapek joins for an extended conversation on his book ‘Behind the Castle Walls.’
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Email Misfire Leaks Morgan Stanley Deal List

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A Morgan Stanley banker accidentally shared an internal list of more than 100 deals, exposing potential IPOs and client names to rivals. Kiuyan Wong explains how the email misfire sent the bank scrambling to contain the fallout.
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‘Bloomberg Surveillance: Early Edition’ Full (04/19/22)

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Bloomberg Surveillance: Early Edition, live from London and New York. Francine Lacqua, Anna Edwards, Matt Miller, and Kailey Leinz deliver the latest news and analysis on the markets with leaders in global finance and economics. Octavio Marenzi, Founder and CEO of Opimas, says U.S. inflation may hit 10%. Joost Beaumont, Senior Fixed Income Strategist at ABN Amro, says the earliest the ECB will hike is September.

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Bond Narrative Busted by PMI Data: Market Analysis

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Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.”
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US, China Release Product List for $30B Tariff Deal

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“Bloomberg: The China Show” is your definitive source for news and analysis on the world’s second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter.

Chapters:
00:00:00 – The China Show opens
00:05:05 – US envoy says Taiwan stance unchanged after Xi’s state visit
00:05:54 – Breaking: US unveils outcomes of Trump-Xi summit
00:10:59 – Citi Wealth’s Jeanne Sun on why higher rates are here to stay
00:18:50 – Exclusive: Japan’s finance minister on managing yen volatility
00:26:02 – Breaking: China releases August industrial profits data
00:28:03 – Eurasia Group’s Dan Wang on the outcomes of the Trump-Xi summit
00:36:50 – Shein faces first earnings test as a public company
00:41:04 – AI frenzy deepens slump in China consumer stocks
00:47:27 – Hormuz impasse keeps Fed rate-hike bets elevated
00:50:53 – Flattening yield curve triggers recession fears
00:53:01 – US and China release tariff cut lists
00:59:41 – BofA’s Winnie Wu on how China’s AI competition is shifting toward ecosystems
01:11:20 – Exclusive: Japan’s finance minister on why rising yields are temporary
01:19:05 – China’s new tax squads target the country’s billionaires
01:26:22 – Australian Senate summons Altman and Amodei over AI hacking concerns
——–
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