How AI is Already Reshaping the Workforce | Open Interest 5/19/2026

Watch on YouTube ↗  |  May 19, 2026 at 17:15  |  1:26:28  |  Bloomberg Markets
Speakers
Jay Hatfield — CEO, Infrastructure Capital Management
Chad Zamarin — CEO, Williams Companies
David De Boltz — Director of U.S. Leveraged Finance, JPMorgan

Summary

The episode covers AI reshaping workforces, Home Depot's sales miss due to high borrowing costs, and growing demand for natural gas to power AI data centers. Jay Hatfield forecasts S&P 500 upside if yields decline, while Williams CEO Chad Zamarin highlights natural gas as critical for AI infrastructure. Geopolitical tensions and credit market dynamics are also discussed.

  • S&P 500 futures fall as yields rise, with chip stocks extending declines.
  • Home Depot sales miss on muted housing demand and high borrowing costs.
  • Jay Hatfield targets S&P 500 at 8850 if the 10-year yield falls to 4%.
  • Williams CEO Chad Zamarin sees natural gas as key to meeting AI data center power demand.
  • JPMorgan's David De Boltz discusses the AI debt boom and a looming software debt maturity wall.
  • The SEC is planning to allow trading of crypto versions of stocks.
  • NATO considers deploying to the Strait of Hormuz if the blockade continues into July.
  • McLaren Racing CEO Zak Brown discusses F1 growth and the pursuit of the Triple Crown.
Trade Ideas
Jay Hatfield CEO, Infrastructure Capital Management 18:39
S&P 500 upside to 8850 if yields fall
The S&P 500 can reach 8850 in a best-case scenario if the 10-year yield falls to 4% and earnings stay elevated, driven by the AI boom and rising EPS estimates. Base case target is 8000. If the Strait of Hormuz reopens, the rally could resume.
SPY HIGH
Chad Zamarin CEO, Williams Companies 65:53
Natural gas and Williams benefit from AI demand
Natural gas is the fastest, most dispatchable, and most abundant resource to power AI data centers. Williams is investing $10 billion in projects to deliver natural gas directly to data centers, avoiding grid burden, and positioning the company for massive demand growth. This is a golden age for energy infrastructure.
WMB HIGH
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This Bloomberg Markets video, published May 19, 2026, features Jay Hatfield, Chad Zamarin discussing SPY, WMB. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jay Hatfield, Chad Zamarin  · Tickers: SPY, WMB