Prime Minister Michel Barnier’s plan to raise taxes on the rich could prompt some to move out of France and others who might have been considering settling in the country to cancel their plans, according to wealth and tax advisers. Tesla CEO Elon Musk unveiled a slick two-seat sedan called Cybercab late Thursday, saying production may start in 2026 and that the vehicle could cost less than $30,000. Gold pared a weekly decline, after hotter-than-expected inflation and a slowdown in the labor market amplified debate over the size of the Federal Reserve’s expected interest rate cut next month. 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 Kriti Gupta.
Chapters:
00:00:00 – Intro
00:01:18 – The Agenda: French Taxes, RoboTaxis, US CPI Print
00:10:28 – AMD Falls as AI Event Doesn’t Feature New Customers
00:13:01 – US Jobless Claims Jump, CPU Tops Estimates
00:23:41 – Elon Musk Shows Tesla Cybercab
00:29:05 – Sanofi in Talks to Sell 50% of Consumer Health Unit to CD&R
00:29:44 – Stellantis Ousts CFO in Effort to Stabilize Reeling Business, CEO Carlos Tavares to Retire
00:33:09 – Jose W. Fernandez, US State Dept Under Secretary on Auto Sector, China vs Europe
00:37:12 – EUR/USD Likely to Fall Into US Election
00:41:16 – French PM Michel Barnier Unveils 2025 Budget
00:45:43 – European Market Open
01:04:52 – Sanofi Deal Could Be One of the Largest European Transactions This Year
01:08:13 – AMD CEO Lisa Su on New AI Chips, Demand and Computing
01:11:45 – French Finance Minister Antoine Armand Speaks at National Assembly
01:13:06 – French Republic Minister Delegate for European Affairs Benjamin Haddad Speaks on Budget
01:22:23 – Benjamin Haddad on China Negotiations, European Competitiveness Chance
01:26:58 – Jose W. Fernandez: All Facing the Same Headwinds
01:31:07 – Wall Street Bank Earnings Kick Off Today
01:33:06 – TD Fined $3.1 Billion Over Money Laundering
01:34:48 – Events This Weekend
——–
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