For takeoff, the speed window would be set to V2
+10, depending on airline SOP. V1 and Vr would be set using the smaller white bugs, manually positioned around the ASI
bezel. In the photo they are at about 112 and 114, which makes sense relative to the speed bug. They may be set around one speed (113) as V1 and Vr could be the same value. The other white bugs are set to flap retraction speeds (about 143 and 243).
The speed bug (salmon bug) slaved to the speed window selection is clearly visible in the F/O's ASI
, but not so visible in the Captain's due to the angle of view.
The speed window selects the required airspeed for the AFCS. During climb, the ATS is controlling engine N1, not airspeed, which is controlled by aircraft pitch angle. In level flight the ATS controls airspeed. In VNAV the FMC commands airspeed, but the crew can intervene.
The glass isn't half empty, or half full, it's twice as big as it needs to be.