Canada Sees Long Trade War With US, Bessent Set to Unveil Iran Plan | Opening Trade 8/24/2026

Prime Minister Mark Carney’s government sees little chance of resuming talks with President Donald Trump before the midterm elections after trade negotiations collapsed, according to people familiar with the matter. Iran’s currency weakened to an all-time low against the dollar amid a mounting US campaign to cripple the country’s economy after almost six months of war. The rial was trading at 1.992 million per dollar on the unregulated market on Monday, according to data from tracking website Bonbast, down 4.5% since US President Donald Trump announced a “crushing economic operation” against Tehran last week. 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 | 8/24/2026 00:01:11 - Markets on Watch for Bessent, Warsh Guidance 00:04:18 - Canada Sees Long Trade War with US 00:06:41 - AI Trade Under Pressure Ahead of Nvidia Results 00:11:21 - Alibaba Raises $10B in Record HK Share Sale 00:12:59 - Nvidia Customers Notified About Price Hikes 00:15:16 - Gautham Samarth of M&G Investments 00:21:08 - Need To Know: Shein, Italian Diesel, UK’s Burnham 00:25:23 - Pooja Kumra of TD Securities 00:35:07 - US Set To Unveil Plan To Choke Iran’s Economy 00:39:16 - MLIV 00:42:59 - Stocks To Watch 00:47:26 - The Market Open 00:50:14 - Richard Saldanha of Aviva Investors 00:58:57 - Core 6 & Movers 01:02:25 - US & Canada Head Into Trade War 01:07:47 - Banca Generali Evaluating Monte Paschi Takeover Bid 01:13:52 - Europe’s Shifting Defense Landscape 01:19:10 - MilDef CEO Daniel Ljunggren 01:25:49 - Bessent Vows ‘Economic D-Day’ for Iran 01:27:54 - China ‘Closely Monitoring’ Mideast Situation 01:30:32 - Oil Declines Ahead of Iran Plan -------- 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