Meta Cuts Metaverse Unit Budget 30% | Open Interest 12/4/2025

Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Dollar General pops on stronger guidance as deal-hungry shoppers pile in. We'll take a deep dive on bargain-focused retailers. Meta is preparing deep cuts to its metaverse ambitions as Mark Zuckerberg weighs budget reductions of up to 30%. Plus, Rebecca Patterson of CFR joins Bloomberg Open Interest to talk about why she thinks bitcoin contagion risk is alive and well. CORRECT: This video has been edited to correct a graphic to reflect that Meta plans to cut up to 30% of its metaverse efforts. The anchor misstates this information at :50, 1:15 and corrects herself at 20:00.

Chapters:
00:00:00 - Open Interest
00:01:38 - Meta to Cut Up to 30% of Metaverse Budget
00:05:17 - Snowflake Gives Weak Profit Margin Outlook
00:10:44 - Dollar General Hike Outlook on Strained Consumer
00:13:03 - High Interest |Merz Pension Vote, Paramount, Pimco
00:14:52 - Kate McShane Goldman Sachs | Discount Stores Capitalize on Strained Consumer
00:23:09 - Stock to Watch | Meta Platforms, Dollar General
00:24:13 - Rebecca Patterson, Council on Foreign Relations | Jobless Claims Lowest in 3 Years
00:33:34 - Top Calls |Toast, Paypal, Salesforce
00:35:18 - Alphabet AI Chips a Potential $900B "Secret Sauce"
00:40:04 - Netflix in Lead for Warner Bros. Bid: Report
00:44:25 - Morgan Stanley Sounds Out Investors on Data Center SRT
00:46:48 - Lauren Goodwin New York Life Investments | Quality, Diversification Important in 2026
00:58:05 - Big Take | Tired Americans are Spending More to Avoid Doing Chores
01:05:58 - Xiaodi Hou Bot Auto | Achieves Humanness Trucking Operations
01:14:41 - Market Doubts Hassett Can Deliver at Fed
01:17:49 - Cayla Seder State Street | Inflation Exceptions Have Been Muted
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Видео Meta Cuts Metaverse Unit Budget 30% | Open Interest 12/4/2025 канала Bloomberg Television