Trump’s renewed tirades against the Federal Reserve, including the most explicit threats yet to fire Chair Jerome Powell, only amplified the shockwaves from his declaration of trade war on pretty much everyone. Trump has rattled Wall Street by repeatedly criticizing Powell and suggesting he had the ability to remove the Fed Chair before the end of his term. Gold extended a blistering rally to rise above $3,500 an ounce for the first time, as concern on Powell triggered a flight from US stocks, bonds and the dollar. Novo Nordisk shares fall as much as 9.8% in their first day of trading since Wednesday after the release of strong data from a rival obesity pill developed by US peer Eli Lilly. The triumph of Ozempic, Wegovy and related drugs including Lilly’s Zepbound has set off a push toward the new: a pill that’s easier to take and less expensive to make.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Lizzy Burden.
Chapters:
00:00:00 – The Opening Trade
00:01:47 – Trump Attacks Powell
00:04:27 – Trump Tariffs: Trade War Escalation
00:07:24 – US, Ukraine, EU to Discuss Russia Peace Deal
00:11:46 – Nomura’s Biggest Deal Since Lehman
00:12:10 – Five Minute EV Charger: China’s CATL
00:14:09 – ‘Sell America’ Trade
00:18:41 – Gold Price Prediction 2026
00:27:37 – Trump Tariffs: Credit Spreads Hedge
00:34:49 – Trump Pressures Fed Chair Powell
00:40:52 – Gold Price All-Time High
00:42:56 – Stocks to Watch: Novo Nordisk, L’Oreal
00:46:03 – European Markets Open
00:54:24 – Gold Price to $4,000: JPMorgan
01:02:53 – Novo Stock Falls From Lilly’s Pill Study
01:08:17 – Tesla to Report Earnings Amid Backlash
01:12:08 – US, Ukraine, EU to Meet on Peace Plan
01:15:49 – Oil Price Check
01:24:34 – Pope Francis Life & Legacy
01:28:15 – Next Pope Could Be From US
——–
More on Bloomberg Television and Markets
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