Trade Uncertainty Rattles Global Stock Markets | Open Interest 2/23/2026

Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Trade uncertainty rattles markets again as President Trump moves forward with sweeping new global tariffs following a Supreme Court decision. We speak to Rep. Jason Smith, the Chairman of the House Ways and Means Committee about what’s next. Plus, the CEOs of Mazda North America and Freeport-McMoRan join Bloomberg Open Interest to talk about the impact on their businesses.  Novo plunges. Merck splits. Gilead makes a deal. We’re tracking a flurry of pharma headlines this morning. And Blue Owl’s selloff is deepening fears about liquidity risks inside the $1.8 trillion private credit market.

Chapters:
00:00:00 – Open Interest
00:01:59 – Global Trade Confusion Returns with Deals in Limbo
00:08:32 – More than 41 Million People in Blizzard Conditions
00:08:35 – Novo’s New Obesity Shot Less Effective that Lilly’s
00:13:13 – High Interest | Jalisco Cartel, Private Equity, EU Freezes US Trade
00:14:19 – Rep. Jason Smith (R) House Ways and Means Chairman |US Tells Partners to Honor Tariff Deals
00:25:26 – Stocks to Watch | Novo Nordisk, Eli Lilly, Merck
00:27:06 – Alex Chaloff Bernstein Private Wealth Management | Stocks Fall on Trade Jitters
00:34:41 – Top Calls | John Deere, Alphabet, General Mills
00:35:40 – Martin Holst Lange Novo Nordisk | New Obesity Shot
00:42:52 – DOL’s Probe on Netflix’s Warner Deal
00:46:52 – Breaking News | Eco Data
00:49:24 – Trading Diary | Home Depot Results, SOTU, Nvidia Results
00:50:01 – Amanda Agati PNC Asset Management Group | Tariff Questions
01:01:04 – Leaders React to Tariffs Ruling
01:07:40 – Tom Donnelly Mazda North America | Navigating Cost Headwinds
01:16:15 – Kathleen Quirk Freeport-McMoran | Gold Rises AMID Trade Uncertainty
01:23:22 – Private Equity’s Dry Spell
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