Jul 22nd, 2025

General Motors Bracing for a $1.1B Tariff Hit | Open Interest 7/22/2025

Get a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on "Bloomberg Open Interest." GM shares fall as it struggles to keep up its profitability. GM CFO Paul Jacobson tells Bloomberg Open Interest the company is onshoring most of its production to offset the tariff impact. A mixed bag with tech earnings, as Google aims for its longest winning streak since 2010, and NXP Semiconductors falls short thanks to auto sector uncertainty. And is the meme mania back? Kohl's soars triple digits as retail traders talk up the stock. And the Chairman and CEO of Fifth Third Bank tells Open Interest that he's excited to embrace digital currency technology.