Hermès’s market capitalization surpassed that of rival LVMH, the conglomerate which once tried to buy the maker of the coveted Birkin bag in a stealth raid that shocked the French corporate world 15 years ago. Stocks rose as US President Donald Trump floated a potential pause in auto tariffs, providing further relief to the market after he suspended levies on some consumer electronics. 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 Kriti Gupta. Chapters: 00:00:18 – Trump Tariffs: Auto Exemption 00:01:15 – US Bonds: Bessent Downplays Selloff 00:05:11 – Trump Pharma Tariffs in Future 00:06:51 – LVMH Sales Miss 00:11:14 – Nvidia Ups US AI Production 00:11:39 – Zuckerberg Testifies in FTC Meta Case 00:12:24 – Harvard Funding Freeze 00:18:13 – Inflation Will Be ‘Temporary’: Fed’s Waller 00:24:35 – Stocks Gain on Auto Tariff Reprieve 00:28:50 – No ‘Clear’ Dollar Alternative: Rabobank FX 00:36:18 – Treasury, Fed Always in Contact: Bessent 00:46:07 – Luxury Stocks Slump at Market Open 01:04:21 – LVMH, Prada, Gucci Kering Stocks Down 01:13:24 – Investors Shy Away from US Assets 01:27:57 – EU Remains Ready for Fair Trade Deal: Sefcovic ——– More on Bloomberg Television and Markets
