Stocks Waver as Tech Earnings Take Center Stage | Open Interest 7/22/2026

Get a jump start on the US trading day with "Bloomberg Open Interest."  Alphabet, Tesla and IBM kick off Big Tech earnings with AI spending under scrutiny. Oil surges as Iran tensions simmer. Nadia Lovell of UBS Global Wealth Management and Jordan Jackson of JPMorgan Asset Management discuss the vulnerabilities facing the stock market. Plus, banks are booming, but Wells Fargo is staying disciplined. CEO Charlie Scharf joins Bloomberg for an exclusive interview. Chapters: 00:00:00 - Open Interest 00:01:40 - Alphabet, Tesla, AI Capex, Semiconductor Demand & Cloud Monetization 00:05:22 - AT&T Earnings, Broadband Competition, Wireless Growth & Bundling Strategy 00:07:40 - Iran Escalation, Strait of Hormuz Threats, Oil Supply Risks & Drug Tariffs 00:12:32 - Charlie Scharf Wells Fargo | Wells Fargo Growth Strategy, Investment Banking Expansion, AI Financing & U.S. Economy   00:29:03 - Nadia Lovell UBS Global Wealth Management | Big Tech Earnings, AI Monetization, Cloud Growth, Semiconductors & Market Outlook 00:38:53 - Top Calls | Capital One Price Target Raise, Alaska Air Price Target Cut & IBM Neutral Initiation 00:39:34 - Alphabet Earnings, AI Cloud Growth, Tesla AI Spending, OpenAI Models & AI Monetization 00:45:39 - AT&T Subscriber Growth, Satellite Competition, Broadband Bundling & Pricing Strategy 00:49:42 - Alphabet Capex, Google Cloud Growth, Tesla AI Investments & OpenAI Security Concerns 00:54:21 - Jordan Jackson JPMorgan Asset Management | AI Capex Boom, Credit Markets, Tech Concentration, Bond Risks & Market Diversification 01:03:38 - High Interest | Saudi Civil Nuclear Deal, World Cup Ratings Record & Utz Going Private 01:04:42 - Utz Buyout, Cross-Border M&A, Consumer Trends & Food Industry Consolidation 01:10:40 - Marc Rosen Catalyst Brands | Back-to-School Spending, Consumer Health, JCPenney Strategy, AI Automation & Retail Trends 01:20:17 - Itay Michaeli TD Cowen | Tesla Earnings, Robotaxi Rollout, EV Recovery, AI Strategy & Autonomous Vehicles 01:26:37 - Charlie Scharf | Wells Fargo Growth, Banking Expansion, Investment Banking, Credit Markets & U.S. Economy -------- 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:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts