Germany's Merz Vows to Stay After Record Election Loss

Friedrich Merz said he would remain as German chancellor after his Christian Democratic Union party posted it worst-ever result in a state election, failing to gain enough votes to win a single seat. The fallout has dealt a blow to Merz’s chancellorship, prompting calls among rank-and-file members to push Merz — who polls show is the least popular postwar German chancellor — out after only 16 months in office. 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 00:00:43 - Market Check 00:01:27 - US, China Hail Constructive Talks 00:04:07 - Oil Price Drops 00:06:15 - German Election: Merz, Bunds Under Pressure 00:21:19 - Sergio Ermotti on UBS AT1 Capital Compromise 00:27:21 - US Diesel Prices 00:38:47 - Europe Will Remain Global Weak Link: MLIV 00:46:49 - Stocks to Watch: Societe Generale, Vonovia, Autos 01:13:55 - Moscow Refinery Hit By Ukrainian Drone 01:16:44 - Friedrich Merz's CDU Crash Out 01:26:51 - Citi CEO Jane Fraser 01:28:32 - Scott Bessent on US, China AI Talks 01:32:01 - Brent Crude Price -------- 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