China AI Shock Hits Chip Stocks | Open Interest 7/17/2026

Get a jump start on the US trading day with "Bloomberg Open Interest." A surprise AI breakthrough from China sparks a deeper chip selloff as Apple retakes the title of the world’s biggest company. Netflix tumbles on a disappointing outlook while Wall Street debates its next growth move. Oil climbs as US-Iran tensions escalate. Plus, Mike McKee joins us on improving consumer sentiment, Jason Bazinet on Netflix’s future, and LS Power CEO Paul Segal on how AI is reshaping America’s power grid.

Chapters:
00:00:00 – Open Interest
00:04:23 – Iran Escalation, Strait of Hormuz, U.S. Naval Blockade & Energy Infrastructure Attacks
00:12:08 – High Interest | Trump Media Trading Feed, Canadian Wildfire Smoke & Taco Bell Parasite Outbreak
00:13:51 – Taco Bell Outbreak, Food Safety Risks & Restaurant Industry Impact
00:17:12 – Sarah Hunt Alpine Saxon Woods | AI Selloff, Apple’s Resurgence, Tech Valuations, Capex Fatigue & Market Rotation
00:32:51 – Top Calls | 3M Upgrade, Apple Upgrade & Netflix Downgrades
00:33:42 – Jason Bazinet Citi | Netflix Growth Outlook, Streaming Competition, Sports Rights & Content Monetization
00:40:56 – South Korea ETF Crackdown, Leveraged ETFs & Market Volatility Risks
00:44:22 – Consumer Sentiment, Inflation Expectations, Fed Outlook & Rate Risk
00:47:22 – Joanne Hsu University of Michigan | University of Michigan Survey, Consumer Confidence & Inflation Expectations
00:53:20 – China AI Competition, AI Costs, LLM Adoption, Google Gemini Delay & Chip Outlook
00:58:46 – High Interest | NYC Pay Raise Debate, Aston Martin Financing & Iran Expansion Risks
00:59:50 – Iran Conflict Update, Hormuz Flows, Naval Enforcement & White House Strategy
01:05:42 – Paul Segal LS Power | Power Grid Strain, AI Data Centers, Energy Infrastructure & Natural Gas Demand
01:12:30 – Trump Strategy, Iran War Politics, Energy Prices & Midterm Risks
01:19:09 – Trump Media Strategy, Truth API, Prediction Markets & Profitability Challenges
01:23:54 – World Cup Economics, Adidas vs Nike, Sponsorships & Messi Impact
01:26:46 – Week Ahead | Google & Tesla Earnings, ECB Decision, Airline Earnings & World Cup Final
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