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
