The rally in US stocks is set to stretch into a fifth day as optimism around artificial intelligence, lower oil prices and easing bond yields spurred traders to grow increasingly bullish.

Former BP Plc Chairman Albert Manifold says he was fired without warning or explanation and will challenge the company’s version of events, deepening the turmoil around the UK oil major’s latest leadership change.

BP ousted Manifold on Tuesday after eight months on the job, citing serious concerns related to “governance standards, oversight and conduct.”

The company didn’t provide further details in its statement, but people close to BP who requested anonymity said there’d been complaints about aggressive behavior by Manifold toward employees, as well as of mishandling sensitive information and seeking to bypass the board.

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 Joumanna Bercetche and Tom Mackenzie.

Chapters:
00:00:00 – The Opening Trade
00:00:28 – Market Check
00:03:16 – Micron, SK Hynix Stock Rally
00:05:17 – Nvidia Smuggling Crackdown
00:07:31 – Central Bank Track Inflation Risk
00:10:26 – SpaceX IPO
00:11:05 – China Said to Slow-Track Airbus Deliveries
00:12:25 – Manifold Fired Over ‘Serious’ Governance Concerns: BP
00:16:24 – Oil Dips on US-Iran Deal Optimism
00:31:04 – European Gas Futures
00:36:06 – SK Hynix, Micron Enter $1T Market Cap Club
00:39:37 – Price-Action Is Bearish Even at Records: MLIV
00:47:34 – Stocks to Watch: Autos, Airbus, Akzo Nobel
01:04:53 – China Stalls Airbus Delivery
01:09:47 – BP CEO Announces Company Restructuring
01:15:43 – RBNZ Rate Hike Bets Sends Kiwi Higher
01:26:55 – UBS’ Khan on AI Job Impact
01:29:19 – AI Should Be Disarmed: Pope Leo
01:32:55 – White-Collar Work Exposure to AI
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As Elon Musk is poised to be crowned the world’s first trillionaire, Bloomberg’s Max Chafkin and Ed Ludlow break down Musk’s growing control of SpaceX, the possibility of a Tesla, SpaceX merger, and why investors will follow Musk to the Moon, despite mounting questions about governance and execution.
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“Bloomberg: The China Show” is your definitive source for news and analysis on the world’s second-biggest economy. From politics and policy to tech and trends, Yvonne Man, David Ingles and Avril Hong give global investors unique insight, delivering in-depth discussions with the newsmakers who matter.

Chapters:
00:00:00 – Bloomberg: The China Show opens
00:01:24 – US launches fresh strikes against Iran
00:08:16 – China to spend $295B on nationwide AI buildout
00:12:03 – E Fund HK CIO Jeff Li on equity markets
00:25:25 – China consumer inflation stalls as factory prices surge
00:32:23 – HK Financial Secretary Paul Chan speaks at Bloomberg Invest
00:58:25 – China data center stocks surge on AI buildout plan
01:02:54 – Rupiah extends gains after Indonesia rate hike
01:04:31 – BlackRock APAC Head Susan Chan speaks at Bloomberg Invest
01:16:13 – Telco stocks rise on China’s AI buildout plan
01:20:05 – ChinaAMC’s Yimei Li speaks at Bloomberg Invest
01:36:31 – Bloomberg Invest panel on private capital
01:41:07 – PAG CEO Chris Gradel speaks at Bloomberg Invest
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HSBC CEO, Georges Elhedery warns that employees who don’t embrace AI will become obsolete.

Watch the full, Leaders with Francine Lacqua Podcast

http://bloomberg.com/leaderswithlacqua2 files

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Dan Ives of Wedbush Securities talks about the tidal wave of IPOs that are starting to hit the market. He says the upcoming SpaceX IPO is all about buying Elon Musk. Ives speaks on “Bloomberg Surveillance.”
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