Aramco Headquarters Attacked, ASML Struggles to Keep Up with Demand

Iran-backed Houthis launched missile and drone attacks across Saudi Arabia, targeting several cities, as oil giant Saudi Aramco’s headquarters in the east of the kingdom was hit. ASML shares rose after the Dutch company said soaring artificial intelligence spending means it’s searching for ways to produce more chip-making machines over the next two years. 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 Begins 00:00:06 - Opening Headlines: CPI, Oil and ASML 00:01:21 - Today's Agenda: US CPI and the Global Inflation Outlook, ECB, BOE and Second-Round Inflation Effects, Oil Prices Surge and Crack Spreads Widen 00:05:26 - Today's Agenda: Aramco HQ Hit as Middle East Conflict Escalates, ASML Raises Guidance Amid Strong AI Demand 00:07:46 - Europe’s AI Ambitions and Dublin AI Summit 00:10:53 - What to Watch: Lagarde, CPI and Bank Earnings 00:14:42 - Federated Hermes' Deborah Cunningham on Treasury Repricing, Repo Clearing and the Treasury Basis Trade, Treasury Supply and Competition for Capital 00:21:53 - Need to Know: Pope Leo, OpenAI and China Trade 00:24:10 - European Markets Ahead of US CPI 00:27:34 - ASML’s Critical Role in the AI Chip Supply Chain 00:30:33 - Rothschild & Co Redburn's Timm Schulze-Melander on AI Investment: Boom, Speculation and Visibility,,, Higher Yields and AI Financing Risks 00:38:18 - Jensen Huang Backs Europe’s AI Opportunity 00:39:46 - MLIV: AI Trade Faces Growing Market Scrutiny 00:43:03 - Stocks to Watch: ASML, Miners and Ørsted 00:46:15 - European Markets Open 00:48:52 - ASML Jumps at the Open 00:50:44 - ASML Demand, Capacity and the AI Buildout, European Stocks Rise as ASML Climbs 00:58:28 - Commerzbank CEO Bettina Orlopp on UniCredit Takeover, Commerzbank’s Asia Growth Strategy, German Loan Demand and Economic Outlook 01:08:05 - Stocks to Watch: ASML, Glencore and SEB 01:12:15 - European Markets: Tech and Luxury Lead 01:13:59 - Need to Know 01:15:21 - Anthropic's Guillaume Princen on AI Adoption, Startup Demand, Frontier Models and Falling Costs, Open Source AI, Safety and European Sovereignty 01:25:00 - Breaking News: Germany Pushes for More EU Curbs on Chinese Imports 01:26:27 - Fidelity's Salman Ahmed on US 10-Year Yield Could Reach 6%, Inflation, AI & the Limits of Monetary Policy 01:32:17 - Wall Street Bank Earnings: Equities Beat Fixed Income, Morgan Stanley and Bank of America Preview 01:35:35 - What to Watch Ahead -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts