Jobs Surge As AI Stocks Wobble | Open Interest 5/8/2026

Watch on YouTube ↗  |  May 08, 2026 at 16:51  |  1:34:58  |  Bloomberg Markets
Speakers

Summary

U.S. jobs beat expectations but consumer sentiment hits a record low. AI spending concerns rise as CoreWeave disappoints. BlackRock's Rick Rieder recommends long European sovereign bonds for yield, while JPMorgan's Gabriela Santos favors Korean and Taiwanese equities as AI suppliers broaden.

  • U.S. added 115K jobs in April, beating estimates.
  • Consumer sentiment fell to a second straight record low.
  • CoreWeave shares tumbled on weak outlook and rising capex.
  • BlackRock's Rick Rieder sees attractive yields in Italian and Spanish bonds.
  • JPMorgan's Gabriela Santos says AI investment has broadened to suppliers in Korea and Taiwan.
  • Fed officials dissented on easing bias; debate over next move.
  • Middle East tensions near Strait of Hormuz escalate.
  • Akamai announced a $1.8B AI cloud deal.
Trade Ideas
Rick Rieder CIO of Global Fixed Income at BlackRock 29:05
Long Italian and Spanish bonds for yield.
As a dollar investor, you can buy Spanish and Italian bonds yielding around 6-7%. The ECB is likely to slow the economy, making these yields attractive. The economy is bifurcated but aggregate growth is still good, and defaults are unlikely outside lower-income segments, so these sovereign bonds offer a stable income stream.
ITA? IBGL MED
Gabriela Santos Head of Research, BTIG 59:49
Long Korean and Taiwanese AI suppliers.
The AI investment theme has broadened from hyperscalers to AI suppliers, including not just U.S. equities but also Korean and Taiwanese equities. These markets benefit from the semiconductor and hardware supply chain demand driven by AI capex. This is a structural tailwind.
Taiwanese equities Korean equities MED
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This Bloomberg Markets video, published May 08, 2026, features Rick Rieder, Gabriela Santos discussing ITA?, IBGL, Taiwanese equities, Korean equities. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Rick Rieder, Gabriela Santos  · Tickers: ITA?, IBGL, Taiwanese equities, Korean equities