Iran Attacks US Bases; Fed Call & AI Earnings Loom | The Opening Trade 7/29/2026

Iran fired on American forces overnight and the US and Saudi Arabia struck Tehran-backed militias in Iraq, abruptly ending a days-long lull in hostilities. The US and Iran had paused attacks at the end of last week to give diplomacy another chance, leading to a significant drop in energy prices. US stocks edged higher as traders held off on major bets ahead of a US interest-rate decision where markets see room for a hike and earnings from two of the world’s biggest spenders on artificial intelligence. 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 00:02:12 - UBS Earnings, $3B Buyback 00:05:19 - UBS CEO Sergio Ermotti 00:08:18 - Fed Expected to Hold Rates 00:09:48 - Sk Hynix Profit Disappoints 00:17:58 - ASM International CEO Hichem M'Saad 00:27:55 - Bond Market Check 00:30:20 - Iran, Oman Hormuz Agreement Talks 00:42:50 - Will Fed Decision Move Markets: MLIV 00:50:27 - Stocks to Watch: Banks, Tech, Luxury 00:55:30 - Kering Stock Surges on Gucci Progress 01:04:44 - Expect More Volatility: Sergio Ermotti 01:09:04 - Standard Chartered Stock 01:17:48 - Oil Prices Surges 01:20:39 - Should Fed Hike or Hold? 01:28:49 - Airbus Earnings 01:32:37 - Microsoft, Meta Earnings 01:38:23 - Korean Stock Market Wild Ride -------- 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