Barclays to Cut 5K Jobs, AI Trade Stumbles After Tech Earnings

Bloomberg Television2 hours ago1:34:40

Barclays said it’s cutting 5,000 jobs as part of an effort to reduce costs, adding that artificial intelligence is starting to create efficiency. That would affect about 5% of the bank’s employees, according to a presentation on Thursday. Barclays employed about 93,000 people globally at the end of 2025. Stocks fell as megacap earnings failed to reassure investors about the rebound in the artificial intelligence trade, Chinese equities neared a bear market and escalating Middle East tensions drove oil prices higher. 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 Starts: Markets Brace for Tech Earnings, Oil & European Open 00:01:15 - The Agenda: Meta and Tesla Earnings Divide the Tech Trade 00:03:12 - The Agenda: Oil Climbs as Saudi Attacks Raise Geopolitical Risks 00:05:11 - Breaking News: Barclays and Hermès Earnings in Focus 00:07:14 - Roche CEO Thomas Schinecker on Earnings, Innovation and Europe, Roche's Cancer Drug Pipeline and Growth Potential 00:16:45 - French Bond Yields Hit 5% as Fiscal Concerns Mount 00:16:52 - Allspring Global Investment's Henrietta Pacquement on French Bond Yields Hit 5% as Fiscal Concerns Mount, European Futures Slide Ahead of the Open 00:25:32 - SAP CFO Dominik Asam on Cloud Growth and AI Transformation, Europe Needs Less Regulation to Compete in AI 00:32:53 - Meta's AI Investment and Tesla's Capex Concerns, IBM and Texas Instruments Earnings 00:37:36 - Jensen Huang: Europe Needs to Embrace AI 00:38:50 - MLIV: Global Markets Sell Off as Investors Seek Safety, Alibaba Slides Amid China Regulatory Concerns 00:42:30 - Stock to Watch: Barclays, Nokia and Roche 00:45:47 - European Markets Open Lower 00:50:45 - Barclays Earnings Disappoint as Fixed Income Revenue Drops, Barclays Cuts Jobs as AI Drives Efficiencies 00:54:58 - European Tech and AI Earnings in Focus 00:59:21 - Market Movers: Hermès Tumbles on China Weakness and French Unrest 01:02:12 - Goldman Sachs' Sharon Bell on the European Tech Trade, Where to Invest as European Growth Slows, FTSE 100 Outlook and the Impact of a Weaker Currency 01:11:15 - European Stocks Fall as Energy Outperforms 01:13:26 - Need to Know 01:14:16 - Morgan Stanley's Amy Gower on Copper, AI and the Global Metals Outlook Indonesia's Aluminum and Nickel Supply Boom 01:21:10 - Saudi Attacks Push Oil Prices Higher 01:25:30 - Hermès Hit by China Weakness and French Unrest 01:29:43 - What's Driving Market Nervousness, French Bond Spreads Surge Contagion Risks Across European Debt Markets 01:34:09 - European Markets Remain Under Pressure -------- 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

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