Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Stocks are set to notch fresh records as a PPI surprise supports the case for a Fed rate cut. A bullish outlook from Oracle supercharges the AI trade. That AI optimism has Wall Street strategists racing to lift their targets on the S&P 500. Shares of Chewy fall after the pet-product retailer failed to live up to high investor expectations. The CEO joins Bloomberg Open Interest and says the correction is outsized. Meanwhile, Klarna is set to make its highly-anticipated trading debut today after drawing strong investor demand.

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