Bloomberg Open Interest: Tech Earnings, Fed and ECB Decisions, and Market Reactions

This episode of Bloomberg Open Interest covers a fast-moving day for global markets, combining big-tech earnings, central bank decisions, U.S. economic data, and interviews with policy makers and analysts. It explains how investors are interpreting AI-related spending, cash flow, and growth signals across multiple companies.

■ Earnings and AI Spending
- Microsoft and Alphabet moving in opposite directions on cloud growth and search results
- Caterpillar, ServiceNow, Eli Lilly, Oracle, Crocs and other single-stock movers
- Analyst discussion on cash flow, capital expenditure discipline, and AI-related valuation
- Marvell's advanced talks to acquire Lumentum and the DoorDash–Instacart deal

■ Macro and Policy
- U.S. Q3 GDP, PCE inflation, personal income and consumer spending figures
- Federal Reserve rate decision and the debate over December tightening
- ECB decision to hold rates, Lagarde's early departure announcement and succession questions
- Interview with White House National Economic Council Director Kevin Hassett

■ Market Strategy
- Interview with State Street's Marija Veitmane on concentration, positioning and allocation
- Bloomberg Intelligence and equity research perspectives on tech and industrial names

Investors, market professionals, and anyone following central bank policy or the AI investment cycle will find a structured overview of the day's key data points and what different stakeholders focused on, along with prompts for reviewing their own portfolio exposure.