Jobs Report Shocks Wall Street | The Open Interest 6/5/2026

The May jobs report shocked Wall Street, with the US adding 172,000 jobs and pushing Fed-hike bets higher. Bond yields surged as stocks pulled back and investors leaned out of the AI trade.  White House National Economic Council Director Kevin Hassett and BlackRock Global Fixed Income CIO Rick Rieder react to the numbers. Meanwhile, Revelio Labs CEO Ben Zweig joined “Bloomberg Open Interest” to warn about the “frozen” labor market and how entry-level workers can get ahead in the hiring process.

Get a jump start on the US trading day with Matt Miller and Dani Burger on Bloomberg Open Interest.

Chapters:
00:00:00 – Open Interest
00:00:22 – May Jobs Report
00:02:27 – Biggest Sector Change
00:07:49 – SpaceX, Mega IPOs Denied Fast Index Entry
00:10:46 – Lululemon Stock Sinks
00:12:51 – BlackRock’s Rick Rieder on Jobs Report
00:14:13 – BOJ Rates Hikes Reshaping Markets: Rieder
00:24:26 – S&P 500 Historic Weekly Run
00:34:40 – Rates Aren’t Slowing AI Spending: Rick Rieder
00:38:33 – Kevin Hassett on US Jobs Report
00:46:44 – SpaceX IPO
00:49:09 – Stocks and Bonds Fall
00:56:56 – Semiconductors Got ‘Over Thier Skis’: Mary Ann Bartels
01:01:09 – $60,000 AI Paycheck Plan
01:05:35 – Revelio Labs CEO Ben Zweig
01:08:52 – Market Check
01:11:53 – Rubrik CEO Bipul Sinha
01:15:47 – AI Driving New Cybersecurity Demands: Bipul Sinha
01:20:32 – Pelican Products CEO JC Curleigh
01:24:44 – Defense Spending Boosting Demand: JC Curleigh
01:28:49 – Congress Rewrites Border Funding Rules
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