Big Tech’s $78 Billion AI Spend | Bloomberg Open Interest 10/30/2025

Signs of a trade truce: President Trump calls his meeting with China’s Xi “truly great,” sending markets higher. Big Tech’s AI race comes with a $78 billion price tag as Meta, Microsoft, and Google pour cash into data centers. Powell tempers rate-cut hopes, the ECB stays put — and ServiceNow CEO Bill McDermott joins the Bloomberg Open Interest C-Suite to share how AI is rewriting his company’s playbook.

Chapters:
00:00:00 – Bloomberg: Open Interest Begins
00:02:38 – Tyler Kendall, Bloomberg News
00:04:59 – Caroline Hyde, Bloomberg News
00:09:57 – Pierre Ferragu, New Street Research
00:15:34 – Lizzy Burden, Bloomberg News
00:17:54 – Lauren Goodwin, New York Life Investments
00:34:37 – Bloomberg’s Madison Muller and Redd Brown
00:43:06 – European Central Bank President Christine Lagarde Holds News Conference
01:37:09 – Morning Movers
01:37:39 – Katherine Bordlemay, Goldman Sachs Asset Management
01:39:48 – Bill McDermott, ServiceNow
01:46:59 – Lori Wallach, Rethink Trade Director
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