Europe’s Key Rivers Are Drying Up; Mixed Messages on US, Iran Talks | The Opening Trade 8/3/2026

President Donald Trump said fresh US-Iran talks would begin Monday, boosting optimism the two sides will reach a deal to reopen the Strait of Hormuz. While Iran Foreign Ministry Spokesman Esmail Baghaei said “We are not currently negotiating with the United States, and the negotiations with Oman are focused on reaching an agreement regarding the safe passage of ships through the Strait of Hormuz,” Europe’s biggest rivers are drying up after the region was seared by a series of heat waves. Soaring temperatures are also curbing power generation from France to Hungary, pushing up energy prices and straining Eastern European economies. 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 and Lizzy Burden. Chapters: 00:00:00 - The Opening Trade 00:02:13 - Trump Says Iran Talks to Begin 00:05:29 - Japanese Yen Rises 00:06:17 - Astrazeneca, Bristol Myers Merger Speculation 00:09:38 - Palantir US Commercial Sales 00:12:01 - Brent Crude, Oil Prices 00:21:49 - Monte Paschi, Banco BPM Latest 00:22:19 - Greece Wildfire Near Athens 00:23:06 - Rhine River Levels Lower 00:24:41 - Fed's Warsh on Meeting Frequency 00:29:55 - Burnham Moves for UK Devolution Plan 00:33:45 - Trump on Yen Intervention 00:38:18 - Yen Needs More Intervention: MLIV 00:47:07 - Stocks to Watch: AstraZeneca, Italian Banks, Energy 01:05:08 - AstraZeneca, Bristol Myers 01:10:14 - We Currently Have No Negotiations: Iran 01:15:49 - Trump Holds Off Iran Attack 01:28:25 - NHS to Revise Palantir Data Platform 01:33:35 - Energy Prices Strain European Economies -------- 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