China Defends Cooperation With Iran Amid US Warnings | Opening Trade 8/25/2026

Beijing threatened to retaliate against the US and signaled it won’t back away from its cooperation with Iran after the Trump administration’s latest sanctions targeted businesses in China and Hong Kong. Bessent unveiled dozens of new sanctions on entities, individuals and vessels, but the main thrust of a high-profile press conference was threatening so-called secondary sanctions against companies and countries that continue doing business with Iran. 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 | 8/25/2026 00:01:52 - Bessent’s Iran ‘D-Day’ Threat 00:04:44 - Canada Prepares Tariff Response 00:06:48 - Stock Futures Rise After Chip Slide 00:12:17 - Bessent Plan Risks Collision Course with China 00:14:30 - Derek Halpenny of MUFG 00:21:16 - Need To Know: Siemens, Burnham 00:25:45 - Henrietta Pacquement of Allspring 00:34:38 - Nvidia’s 7-Day Losing Streak 00:38:10 - MLIV 00:41:48 - Stocks To Watch 00:47:36 - The Market Open 00:50:22 - Shanit Kelemen of 7IM 00:59:15 - Core 6 & Movers 01:04:00 - China Repeats It Would Respond to Sanctions 01:06:32 - Trump Vows to Double Canadian Auto Tariffs 01:15:29 - David Rees of Schroders 01:22:03 - Hormuz Shock Shows Gulf Energy Trade Can Adapt 01:27:24 - Climate Risk to London Luxury Homes 01:30:18 - Daybook -------- 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