Wall Street Bonuses Set to Surge | Open Interest 8/5/2026

Watch on YouTube ↗ | August 05, 2026 at 18:33 | 1:27:16 | Bloomberg Markets

Speakers

Keith Aragon — Media Analyst, Bloomberg Intelligence

Sam Fazeli — Senior Pharmaceutical Analyst, Bloomberg Intelligence

Mandeep Singh — Senior Analyst, Bloomberg Intelligence

Glenn Fogle — CEO, Booking Holdings Inc.

Chris Connors — Managing Director at Johnson Associates

Meera Pandit — Global Market Strategist, JPMorgan Asset Management

Sarah Ketterer — CEO and Fundamental Portfolio Manager, Causeway Capital Management

Connor Teskey — CEO, Brookfield Asset Management

Ed Ludlow — Co-Host, Bloomberg Technology

Norah Mulinda — Market Reporter, Bloomberg

Gemma Palmer — Bloomberg Reporter

Katherine Dougherty — Bloomberg Finance Reporter

Summary

Bloomberg Open Interest discusses SpaceX's massive AI spending and Starlink threat, Disney's strong parks/streaming, Eli Lilly's obesity drug lead, and Booking's travel resilience. JP Morgan's strategist advises diversifying across AI hyperscalers, software, and semis, while highlighting Korea, Taiwan, Japan as AI supply-chain plays. Causeway Capital favors European luxury stocks and pharma AI beneficiaries. Johnson Associates forecasts record bank bonuses from trading/M&A, and Brookfield sees a record year from AI infrastructure demand. The show also covers Citadel's profitable distressed AI trade and Wall Street bonuses.

SpaceX's heavy AI spend and ambitious revenue targets spark a selloff, while Starlink threatens US telecom carriers.
Disney reports strong theme-park profits and streaming margin improvement, easing consumer fears.
Eli Lilly's obesity pipeline and marketing outpace Novo Nordisk, making Lilly the favorite in the weight-loss race.
Booking Holdings sees resilient global travel demand and expects above-GDP growth.
JP Morgan strategist advocates a diversified AI basket across hyperscalers, software, and semis.
Asian markets Korea, Taiwan, and Japan benefit from AI supply-chain bottlenecks and earnings growth.
Causeway Capital highlights European luxury (LVMH, Kering) as undervalued and pharmaceuticals as AI beneficiaries.
Brookfield expects a record fundraising year from AI infrastructure demand, and banks forecast record bonuses from strong trading/M&A.

Ideas

Keith Aragon Media Analyst, Bloomberg Intelligence 4:29

Parks and streaming strength surpass fears.

Disney's theme parks delivered 20% profit growth with strong attendance and per-capita spending, defying consumer weakness fears, while streaming margins are improving toward Netflix-level profitability.

Sam Fazeli Senior Pharmaceutical Analyst, Bloomberg Intelligence 6:47

Lilly's obesity edge over Novo widens.

Eli Lilly is pulling ahead in the obesity-drug race due to a stronger pipeline (oral orforglipron), better marketing, and raised guidance, while Novo Nordisk's pipeline disappoints and its growth catalysts appear weaker, making the market favor Lilly over Novo.

Sam Fazeli Senior Pharmaceutical Analyst, Bloomberg Intelligence 6:47

Lilly's obesity edge over Novo widens.

Eli Lilly is pulling ahead in the obesity-drug race due to a stronger pipeline (oral orforglipron), better marketing, and raised guidance, while Novo Nordisk's pipeline disappoints and its growth catalysts appear weaker, making the market favor Lilly over Novo.

Meera Pandit Global Market Strategist, JPMorgan Asset Management 24:00

Diversify AI bets across sectors.

The AI trade is rotating sharply among subsectors, making it essential to diversify across hyperscalers, software, and semiconductors rather than concentrate in one leg; fundamentals remain strong and the rotation creates opportunities.

Meera Pandit Global Market Strategist, JPMorgan Asset Management 29:30

AI supply chain lifts Asia markets.

Korea and Taiwan are critical AI supply-chain bottlenecks with enormous earnings growth, while Japan gets 60% of its earnings growth from AI-related companies, making these markets attractive AI plays globally.

Glenn Fogle CEO, Booking Holdings Inc. 33:25

Travel demand resilient, Booking gains share.

Global travel demand remains resilient despite geopolitical tensions and weather disruptions; Booking's global diversification, direct customer base, and AI integration will sustain above-GDP growth and market-share gains.

Mandeep Singh Senior Analyst, Bloomberg Intelligence 41:20

SpaceX spending doom unrealistic.

SpaceX's enormous CapEx plans and the $1 trillion revenue target lack credibility given its minimal operating cash flow; the company will need massive debt or equity issuance, and the market is clearly skeptical, driving the stock down sharply.

Sarah Ketterer CEO and Fundamental Portfolio Manager, Causeway Capital Management 47:00

Luxury stocks cheap from wealth effect.

European luxury stocks LVMH and Kering are trading near historic low valuations while undergoing operational restructuring; a strong wealth effect from rising markets supports high-end consumer spending, making them compelling buys.

Sarah Ketterer CEO and Fundamental Portfolio Manager, Causeway Capital Management 49:52

Pharma offers AI upside and defense.

Pharmaceuticals are an underappreciated AI beneficiary with yield and strong balance sheets, offering a defensive play at a time when AI-driven drug discovery could compress development timelines and enhance productivity significantly.

Chris Connors Managing Director at Johnson Associates 54:58

Bank profitability surges on dealmaking.

US investment banks are having their best year since 2021, driven by surging trading revenues and a strong M&A/IPO pipeline; record bonuses reflect broad-based revenue strength that is likely to persist.

Connor Teskey CEO, Brookfield Asset Management 65:04

Brookfield to see record year from AI infra.

Brookfield Asset Management expects a record fundraising year driven by unprecedented demand for AI infrastructure, where a supply-demand imbalance and scarcity of credible operators heavily favor its business and investment returns.

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This Bloomberg Markets video, published August 05, 2026, features Keith Aragon, Sam Fazeli, Meera Pandit, Glenn Fogle, Mandeep Singh, Sarah Ketterer, Chris Connors, Connor Teskey discussing DIS, LLY, NVO, MAGS, IGV, SMH, EWT, EWY, EWJ, BKNG, SPCX, MC.PA, KER.PA, PPH, XLF, BAM. 11 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Keith Aragon, Sam Fazeli, Meera Pandit, Glenn Fogle, Mandeep Singh, Sarah Ketterer, Chris Connors, Connor Teskey · Tickers: DIS, LLY, NVO, MAGS, IGV, SMH, EWT, EWY, EWJ, BKNG, SPCX, MC.PA, KER.PA, PPH, XLF, BAM