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Starmer Rebuffs Calls to Resign, Gilts Open Lower on Risk | The Opening Trade 5/12/2026

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Keir Starmer was facing growing pressure to step down as Britain’s prime minister after dozens of members of Parliament, including Cabinet allies, joined the calls for him to set out a timetable for his departure.

The pound extended losses and Gilts came under further pressure, with the yield on 10-year notes jumping beyond 5.10%. The yield on 30-year debt hit its highest level since 1998.

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
00:00:47 – Market Check
00:02:37 – Keir Starmer Resignation Pressure
00:04:24 – Trump, Iran Ceasefire Doubts
00:06:01 – Korea Floats ‘Citizen Dividend’ from AI Gain
00:09:06 – Softbank French AI Data Center Talks
00:09:16 – Japan’s Katayama on Bessent, FX Policy
00:10:20 – Trump to Meet Xi Jinping
00:13:35 – Trump Says Iran Ceasefire on ‘Life Support’
00:25:54 – Munich Re CFO on Earnings, Iran War
00:36:54 – Will Prove Doubters Wrong: Starmer
00:50:55 – UK Bonds Slip
01:09:23 – Kospi, South Korea Tech Stocks
01:16:10 – Dollar, Yen Check
01:19:16 – UK 30-Year Yield at Highest Since 1998
01:22:38 – JPMorgan EMEA co-CEO Matthieu Wiltz
01:28:20 – Wallenius Wilhemsen CEO on Iran War, Ship Escorts out of Gulf
01:31:55 – UK Bank Stocks Fall
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World Cup Attendance Sets Record

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The USMNT remains competitive heading into its Round of 16 match against Belgium despite the suspension of striker Folarin Balogun, while France remains the tournament favorite led by Kylian Mbappé. Bloomberg News Senior Sports Reporter Randall Williams joins David Gura and Christina Ruffini on the couch of Bloomberg This Weekend and explains that the expanded FIFA World Cup has shattered attendance records and delivered a significant tourism and economic boost to host cities across the US, with packed stadiums and fan zones driving spending.
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Socialist Gains Test Democratic Party Unity

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Victories by Democratic Socialist candidates are intensifying debate over the Democratic Party’s ideological direction, as Dem leaders seek to balance a broader coalition while avoiding internal divisions ahead of the midterm elections. Joining Bloomberg This Weekend for this discussion are Bloomberg News White House Correspondent Jeff Mason, Bloomberg Opinion Columnist Gautam Mukunda, and Politico Reporter Madison Fernandez who explain that Republicans are moving quickly to use the rise of democratic socialism as a political line of attack, creating a new messaging challenge for Democrats.
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Trump reports at least $1.4 billion in 2025 crypto earnings#shorts #crypto #trump

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President Donald Trump reported earning at least $1.4 billion in 2025 from crypto and memecoin-related businesses, according to his latest annual financial disclosure. Kailey Leinz and Romaine Bostick break it down bloom.bg/4bkZ6Zk

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Trump & Vance Release Financial Disclosure Reports | Balance of Power 06/30/2026

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“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Representative Nick LaLota, a New York Republican and member of the House Appropriations and Homeland Security committees, says he was “a little disappointed” by the Supreme Court’s birthright citizenship ruling but believes the opinion leaves room for Congress to act. Rebecca Shi, CEO of the American Business Immigration Coalition, warns Supreme Court decisions affecting Temporary Protected Status could pull hundreds of thousands of workers from the labor force and worsen shortages in health care and long-term care. Representative Greg Stanton, an Arizona Democrat and member of the House Foreign Affairs, Transportation and China Select committees, says Speaker Mike Johnson should work with Democrats on a bipartisan National Defense Authorization Act rather than rely on Republican holdouts.

Chapters:

00:02:38 Bloomberg’s Greg Stohr on SCOTUS Upholds Birthright Citizenship
00:05:19 Bloomberg’s Michelle Jamrisko on Supreme Court Issues Final Rulings of Term
00:09:04 Representative Nick LaLota (R-NY) SCOTUS Upholding Birthright Citizenship
00:12:03 Rep. Nick LaLota (R-NY) on Supreme Court Voids Political-Party Spending Caps
00:15:01 Rep. Nick LaLota (R-NY) on Witkoff, Kushner Hold Indirect talks with Iran
00:20:59 Power Moves: Top Financial Moves
00:24:23 Rebecca Shi, CEO of American Business Immigration Coalition, discusses Supreme Court Decisions on Temporary Protected Status
00:30:40 Bloomberg’s Megan Scully on Trump & Vance Release Financial Disclosure Reports
00:33:36 Representative Greg Stanton (D-AZ) on House to Depart Washington for Recess as GOP Fights Stall Agenda
00:40:41 Rep. Greg Stanton (D-AZ) on Trump Discloses More Than $1B in Crypto-Related Earnings
00:44:06 Political Panel Reacts: SCOTUS Rulings, Trump Financial Disclosure, Colorado Primary Election
——–
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Baidu’s CFO on the Company’s Approach to Recruiting Young Talent

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In the China tech space, Baidu is now a full-stack player in the AI industry. As the maker of its own chips, AI model (Ernie), cloud system and a self-driving car business (Apollo Go), the tech giant is a very desirable company to work for.

On this episode of the Odd Lots podcast, Baidu CFO Henry He joins Joe Weisenthal and Tracy Alloway to discuss how the company uses AI to evolve its own organizational structure and attract new talent.
——–
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