Markets Weigh AI Risks as Earnings Roll On | Open Interest 7/28/2026

Watch on YouTube ↗  |  July 28, 2026 at 17:53  |  1:29:15  |  Bloomberg Markets
Speakers
Brooke Sutherland — Columnist, Bloomberg Opinion (Industrials)
Ed Ludlow — Co-Host, Bloomberg Technology
Katrina Dudley — Head of Digital Assets, Franklin Templeton
Norah Mulinda — Market Reporter, Bloomberg
Meghan Welsh — Managing Director, EGL, Aerospace Defense Practice
Red Browne — Bloomberg Reporter
Meredith Whitney — Founder, Meredith Whitney Advisory Group
Michael Ball — Former NY Fed / Market Commentator
Paige Smith — Reporter

Summary

The episode covers a sharp AI-led selloff in chip stocks driven by Korea’s KOSPI crash and China competition fears, alongside key earnings from Boeing, UPS, Coca-Cola, and Visa. Guests discuss whether the AI trade unwind is a buying opportunity, with strategist Katrina Dudley arguing for a healthy reset supported by strong consumer and earnings growth. Meredith Whitney speculates on bank M&A, particularly JPMorgan’s potential transformative deal, while Revelio Labs examines AI’s impact on the labor market. Other topics include Apple’s new leasing program and Liverpool FC’s US expansion.

  • AI and chip stocks slide again with Nasdaq near correction, KOSPI worst drop since 2001.
  • China’s AI progress and circular funding fears reignite concerns about hyperscaler spending.
  • Boeing surprises with positive free cash flow, driving rotation from aftermarket to plane makers.
  • UPS raises sales guidance but shares drop on second-half concerns.
  • Coca-Cola lifts outlook on World Cup boost and health-conscious product pivot.
  • Visa announces 7% job cuts to reinvest in AI and stablecoins.
  • Meredith Whitney sees JPMorgan as likely to pursue a transformative acquisition like Revolut.
  • Apple surpasses $5 trillion market cap, insulated from AI capex fears, launches hardware push.
  • Consumer confidence drops; Fed decision looms with 1-in-3 odds of a rate hike.
  • Liverpool FC expands US footprint amid growing soccer fandom.
Ideas
Brooke Sutherland Columnist, Bloomberg Opinion (Industrials) 4:46
Rotation from aftermarket to Boeing.
Boeing’s free cash flow beat reflects production recovery; commercial aerospace transitioning to growth; defense spending boom provides tailwind; supply chain bottlenecks are downstream, not at Boeing, enabling ramp-up.
BA MED
Ed Ludlow Co-Host, Bloomberg Technology 14:32
Apple safe haven in AI trade.
Apple is insulated from AI capital expenditure concerns and is gaining market cap leadership; new home products and Siri AI push strengthen its consumer ecosystem, making it a safe haven in the AI trade.
AAPL MED
Katrina Dudley Head of Digital Assets, Franklin Templeton 25:08
Buy the dip in US equities.
A broad selloff in AI/momentum has created a buying opportunity; strong consumer, 17% earnings growth, reasonable valuations, and market broadening support further equity gains, with no crash in sight.
SPY HIGH
Norah Mulinda Market Reporter, Bloomberg 31:49
Exxon at risk from peace deal.
Exxon downgraded to neutral on potential downside risk if a Middle East peace deal is reached, which could lower oil prices and hurt Exxon.
XOM LOW
Norah Mulinda Market Reporter, Bloomberg 32:06
Intuit downgraded on weak growth.
Intuit downgraded due to lack of confidence in the company's growth prospects.
INTU LOW
Norah Mulinda Market Reporter, Bloomberg 32:15
Tesla price target cut.
Tesla price target cut on concerns that a potential Tesla-SpaceX merger could be difficult to achieve, limiting upside.
TSLA LOW
Red Browne Bloomberg Reporter 39:19
Coca-Cola growth from World Cup and health.
Coca-Cola delivered broad-based volume growth and raised guidance, driven by World Cup marketing and a successful pivot to health-conscious, sugar-free products, demonstrating strong consumer demand and pricing power.
KO MED
Meredith Whitney Founder, Meredith Whitney Advisory Group 58:09
JPMorgan transformative acquisition potential.
JPMorgan is likely to pursue a transformative acquisition, such as Revolut, to turbocharge digital banking and European expansion; strong buybacks and shareholder confidence support a high valuation, and the first mover will benefit the most.
JPM MED
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This Bloomberg Markets video, published July 28, 2026, features Brooke Sutherland, Ed Ludlow, Katrina Dudley, Norah Mulinda, Red Browne, Meredith Whitney discussing BA, AAPL, SPY, XOM, INTU, TSLA, KO, JPM. 8 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Brooke Sutherland, Ed Ludlow, Katrina Dudley, Norah Mulinda, Red Browne, Meredith Whitney  · Tickers: BA, AAPL, SPY, XOM, INTU, TSLA, KO, JPM