French Consumer Confidence Drops to 13-Year Low After Riots

French consumer confidence plummeted to its lowest level in 13 years in October as households reckoned with multiple shocks from a bond market selloff to protests that descended into rioting. The renewed enthusiasm for the AI trade that followed Anthropic’s filing for an initial public offering lost some momentum on Tuesday, with US equity futures stalling as traders turned their attention back to a busy earnings slate, the upcoming Federal Reserve policy decision and simmering Middle East tensions. 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 00:01:21 - The Agenda: Anthropic Files for IPO 00:03:22 - The Agenda: AI Funding Shifts From Debt to Equity 00:05:38 - HSBC Earnings Miss, Porsche Under Pressure 00:08:29 - What to Watch 00:11:04 - Breaking Down Anthropic's IPO Filing, AI Debt vs. Equity Financing 00:15:13 - Lombard Odier's Nannette Hechler-Fayd'herbe on Anthropic & Markets, US Equities Favored Over Europe, Europe's Political & China Risks 00:22:17 - Need to Know 00:25:48 - Goldman Sach's Simon Dangoor on Fixed Income, Financing the AI Boom, French Bonds & Fiscal Risk, UK Budget Expectations 00:33:46 - Novartis CEO Vasant Narasimhan on Earning & Outlook, AI's Impact on Medicine, Novartis on Multiple Sclerosis Treatment 00:40:47 - Breaking News: French Consumer Confidence Slumps 00:41:21 - MLIV: Anthropic & AI Markets, Central Banks, Oil & AI 00:48:06 - European Markets Open Lower 00:50:55 - JPMorgan's Madison Faller on the AI Investment Cycle, AI & Productivity Growth, ECB & European Rate Outlook 01:00:01 - European Market Movers 01:05:22 - Anthropic IPO & Public Benefit Structure, Risks of Being the First Pure-Play AI IPO 01:08:56 - Porsche Earnings & Strategy 01:12:12 - European Market Check 01:13:55 - Need to Know 01:14:55 - Breaking News: Oil Prices Spike 01:15:41 - HSBC Earnings & Share Selloff 01:19:04 - Morgan Stanley's Bruna Skarica on UK Budget Preview, Bull Case for the UK Economy, UK-EU Trade Relationship 01:26:32 - Israeli Election & Three Possible Election Outcomes, Israel, Iran & the Election 01:30:30 - Markets, Oil & AI Risk, Anthropic IPO Valuation, France's Confidence & Fiscal Problem, ECB & Inflation Outlook -------- 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