Bloomberg Television
Stocks Steady Before Fed | Open Interest 05/07/2025
US stocks jump in early trading as investors cling to hopes that the US and China will begin trade talks this weekend. Meanwhile, it's showtime for Powell, and Trump is watching. The Fed is expected to keep rates on hold despite the president's pressure to cut. The Oracle of Wall Street, Meredith Whitney, tells Bloomberg Open Interest that she's expecting unemployment to hit 6% this fall. And earnings season is still underway with results from Disney announcing a new theme park in Abu Dhabi.
Chapters:
00:00:00 - Open Interest
00:02:08 - US-China Trade Talks to Start This Week | Tyler Kendall, Bloomberg News
00:04:07 - Uber Misses Estimates | Caroline Hyde, Bloomberg News
00:06:58 - Disney Jumps on Park Strength | Chris Marangi, Gabelli Funds Co-Chief Investment Officer
00:13:21 - Lars Fruergaard Jorgensen, Novo Nordisk CEO
00:18:04 - The Ever-Weakening US Consumer | Meredith Whitney, Meredith Whitney Advisory Group CEO
00:32:45 - Gold Rally Boosts Barrick | Mark Bristow, Barrick President & CEO
00:40:40 - Disney's Middle East Gamble | Geetha Ranganathan, Bloomberg Intelligence
00:45:16 - US Treasury Secretary Scott Bessent Testifies | Tyler Kendall, Bloomberg News
00:48:12 - Eyes on the Fed | Mike McKee, Bloomberg News
00:51:50 - BMW Bucks the EV Trend | Craig Trudell, Bloomberg News
01:00:25 - Bessent Testifies Before House Panel
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Published May 7, 2025