Business
Fed Served with Grand Jury Subpoenas, Heineken CEO Steps Down | The Opening Trade 1/12/2026
Fed Chair Jerome Powell said the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment, a dramatic escalation of the Trump administration’s attacks on the institution. Gold and Silver rallied to record highs helping drive mining stocks higher. Heineken shares fall after the company said that CEO and Chairman Dolf van den Brink has decided to step down on May 31. Defense stocks open higher with rising tensions around Iran and Greenland.
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 Tom Mackenzie.
Chapters:
00:00:00 – The Opening Trade
00:00:12 – Market Check
00:00:48 – Powell Says DOJ Served Fed with Subpoenas
00:04:37 – Oil Holds Gains
00:06:45 – S&P Futures
00:10:58 – Japan Vote Boosts Futures
00:11:47 – UK, Germany Discuss NATO Presence in Greeland
00:14:13 – Powell Warns of Political Pressure
00:27:53 – Trump Insists US Will Have Greenland
00:33:07 – Trump Tariffs Supreme Court Ruling
00:37:36 – Iran Protests
00:42:28 – Iran Unrest Threatens Oil Supply
00:47:35 – Stocks to Watch: Defense, Heineken, Miners
00:51:25 – Barclays Stock
00:58:07 – Gold, Silver Hit Records
01:06:42 – Monthly OPEC Crude Production
01:17:54 – ElevenLabs CEO Mati Staniszewski on AI
01:26:34 – Fed Independence in Question
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Business
Makary on FDA’s rollback of hormone replacement therapy warnings #shorts #fda #hrt #womenshealth
Dr. Marty Makary, former FDA Commissioner, explains the decision behind the FDA’s rollback of long-standing warnings on hormone replacement therapy. On Wall Street Week we look at the $360 billion women’s health market, Wall Street’s investment in menopause and the challenges of distinguishing evidence-based care from marketing hype https://bloom.bg/3EMZYZX
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Business
Maine Democrats Face Tight Senate Deadline
Bloomberg’s Boston Bureau Chief Brooke Sutherland says Maine Democrats are racing to choose a new Senate nominee after Graham Platner withdrew, leaving the party with little time to unify behind a replacement in a race viewed as critical to control of the Senate. She says party leaders face pressure over the candidate vetting process as delegates prepare to select a nominee from a crowded field ahead of the filing deadline.
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Business
AI May Not Solve Demographic Decline
Martha Gimbel, executive director and cofounder of the Budget Lab at Yale University, says artificial intelligence is unlikely to offset the economic challenges of an aging population, arguing the US is confronting two major transitions at the same time rather than one solving the other. She says AI could improve productivity in some areas, particularly by helping caregivers with physically demanding tasks, but questions whether consumers will embrace automation in roles where human interaction remains essential.
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Business
Chipotle CEO on expanding into Mexico
“We believe Mexico is a really important milestone for our great brand as we continue to lean into our global strategy. It’s an important country for us, we recognize and admire the culinary heritage that is a part of the Mexican culture,” says Chipotle Mexican Grill CEO Scott Boatwright on the chain’s global expansion https://bloom.bg/4wKJnvc
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Business
Delta Will Do Just Fine With High Fuel Prices, CEO Says
Delta Air Lines Chief Executive Officer Ed Bastian says higher fuel prices are not deterring travel. He says the carrier is actually seeing strong demand for premium, corporate and international travel. He also talks about how some customers are choosing a better seat on the plane over perks they could get in first class. He speaks to Bloomberg’s Lisa Abramowicz at Delta headquarters in Hapeville, Georgia on “Bloomberg Surveillance.”
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