The Trump administration is reportedly preparing for the president to nominate Kevin Warsh to be the next Federal Reserve chair. Warsh, a former Fed governor and one of the four finalists on Trump’s shortlist to be the next central bank leader, is said to have visited the White House on Thursday. Gold and silver sold off heavily on the news, cooling a record-breaking rally. The Bloomberg dollar index climbed, gaining versus all its major peers, while the Treasuries drop was led by the long-end with 30-year yields jumping.

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:
00:00:02 – The Opening Trade
00:00:16 – Market Check
00:01:37 – Trump Gears Up Fed Pick
00:04:01 – Dollar Gains on Kevin Warsh Bets
00:06:28 – Apple’s Upbeat Forecast
00:10:08 – Trump Warns Against UK Deals with China
00:11:07 – WhatsApp Privacy Investigation
00:12:05 – SpaceX Merger Consideration
00:14:33 – Europe CEOs Optimistic on AI Growth
00:20:36 – CaixaBank CEO
00:28:50 – Trump’s Fed Chair Pick
00:41:39 – A Warsh Pick Changes Game Now, Not Later: 3-Minutes MLIV
00:47:55 – Stocks to Watch: Adidas, Swatch, SAP
01:03:25 – Adidas Stock
01:05:17 – Swatch Stock
01:18:01 – Gold Price after Fed Pick Speculation
01:24:18 – Percentage of Cars Sold in Europe Made by a Chinese Brand
01:26:26 – Trump Makes Deal to Avert Govt. Shutdown
01:30:45 – GetYourGuide CEO
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