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European Stocks Jump Most in Five Years on Trump Tariff Pause | The Opening Trade 04/10

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European stocks rallied after US President Donald Trump paused plans to implement higher reciprocal tariffs on dozens of trade partners, easing concerns about a global trade war — though he still plans to move forward with 125% tariffs on China. Trump’s announcement sent US stocks up by the most since 2008 on Wednesday, though the S&P 500 remains down more than 7% so far this year. The Stoxx Europe 600 Index was higher with all sectors in the green and banks and miners leading gains. France’s CAC 40 jumped and Germany’s DAX soared. While the Trump’s automotive tariffs didn’t begin until after the first quarter ended, Volkswagen’s results offer an early look at the wide-ranging impacts of US President Donald Trump’s levies on the car industry. The carmaker’s profit tumbled almost 40% in the first quarter.

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:
00:00:00 – The Opening Trade
00:01:27 – Trump: 90-Day Pause on Tariffs
00:04:13 – Recession: Goldman Sachs Drops Prediction
00:08:10 – Volkswagen Profit Woes
00:12:07 – Airbus Beats Boeing Deliveies
00:12:23 – US Chief Justice Allows Firings
00:15:33 – Airbus Beats Boeing Deliveies
00:24:03 – Credit Markets Relief from Tariffs
00:34:26 – European Futures Jump
00:43:07 – Gold, Copper Prices
00:46:04 – Markets: European Stocks Surge at Open
01:07:41 – Tariffs: Volkswagen Operating Falls
01:12:10 – China Sees ‘No Winner’ From Trade War
01:19:59 – FTSE 100, Dax Rise Most Since 2020
01:25:23 – Barlcays, Bank Stocks Lead Europe Higher
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Bloomberg Surveillance 7/23/2026

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Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day.

Chapters:
00:00:00 – Bloomberg Surveillance Begins
00:04:31 – BlackRock’s Russ Koesterich on Tech Stocks
00:17:50 – Eurasia Group Managing Director of US Jon Lieber on US-Iran Conflict
00:32:39 – D.A. Davidson Head of Technology Research Gil Luria on Alphabet Capex
00:41:50 – Citi Research US Economist Veronica Clark on Markets’ Reaction to Iran Conflict
00:52:44 – Jim Caron of Morgan Stanley Investment Management on Tech Spending Plans
01:05:22 – Rep. French Hill (R-AR) on Iran Conflict Budget
01:20:43 – Baird Senior Research Analyst Ben Kallo on Tesla Profit Decline
01:28:48 – Daragh Maher of HSBC on Global Central Banks’ Inflation Risks
01:40:17 – Wells Fargo Chief Equity Strategist Ohsung Kwon on Alphabet Ramping Up AI Spending
01:55:54 – Pooja Kumar of TD Securities on ECB Interest Rate Decision
02:04:52 – FHN Financial Senior Economist Sophia Kearney-Lederman on the Economy
02:16:56 – ECB President Lagarde Speaks After Rate Decision
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Earthquake Deepens Venezuela’s Political Crisis

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Venezuela is grappling with the aftermath of devastating earthquakes that have killed thousands, overwhelmed rescue and recovery efforts, and intensified humanitarian needs as the country navigates a fragile political transition. International Crisis Group Senior Analyst of the Andes Region Phil Gunson joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss the Venezuelan government’s response, the expanded role of international aid, and the uncertain path toward negotiations between the interim government and opposition leaders as the US presses for democratic reforms.
——–
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Wells Fargo’s Scharf on Economy, US Consumer, Earnings

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Wells Fargo & Co. Chief Executive Officer Charlie Scharf says he’s “big time bullish on the US.” He talks about the state of the US consumer, the economy, earnings and where his employees want to live and work. He speaks exclusively to Romaine Bostick on “Bloomberg Open Interest.”
——–
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Alphabet, Tesla, IBM, Texas Instruments Earnings Reports | Closing Bell

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Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
——–
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Trump’s New Iran Threats & OpenAI’s Accidental Hacking | Bloomberg Businessweek Daily 7/22/2026

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President Trump threatens to hit energy targets in and around Tehran if Iran strikes ships in Hormuz. Bloomberg Economics’ Chris Kennedy joins to discuss the latest on the conflict, and new tariffs expected Friday. Then, Bloomberg Tech Host Ed Ludlow explains why OpenAI’s accidental hack of Hugging Face is not as worrying as it may sound. Plus, Carol Massar and Tim Stenovec are joined by Bloomberg Auto Reporter Keith Naughton to reflect on his iconic career, spanning more than 4 decades covering the auto industry and more. Finally, Oliver Wyman partner Rory Heilakka talks about how AI is impacting the Auto, Aviation, and Defense sectors.

Chapters
00:00:00 Bloomberg Businessweek Daily
00:02:00 Market Update: Chip Stocks, Tesla & Alphabet
00:04:50 Iran War Enters New Phase
00:06:00 Trump’s Iran Dilemma & Oil Market Risks
00:08:30 Rising Energy Prices & Inflation Pressure
00:13:00 OpenAI’s AI Security Test Raises Questions
00:18:40 Market Update: AI Spending & Tech Movers
00:20:30 Auto Industry at a Crossroads
00:21:40 Keith Naughton Reflects on Four Decades Covering Autos
00:27:00 EV Reality Check & China’s Growing Threat
00:32:40 Market Update: Super Micro Surges
00:35:00 AI’s Industrial Revolution Begins
00:39:30 How AI Is Transforming Manufacturing & Aviation
00:42:00 Who’s Winning the Global AI Race?
00:44:40 Stocks on the Move: AT&T, Nike & Super Micro
——–
More on Bloomberg Television and Markets

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