President Trump vowed to maintain a naval blockade on Iran and was briefed by commanders on further military options. The yen resumed its advance in late trading in Tokyo after an earlier pause in the rally triggered by Japan’s first intervention in the currency market since 2024. 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 Guy Johnson and Tom Mackenzie. Chapters: 00:00:00 - The Opening Trade 00:03:51 - Oil Holds Gains 00:04:53 - Yen Intervention 00:06:37 - Apple Earnings Beat 00:08:28 - OpenAI Responds 00:11:52 - Trump Open to Withdraw Troops From Italy, Spain 00:12:03 - Removing Scott Tariffs After King's Visit: Trump 00:12:39 - S&P Weighs Index Rules 00:17:17 - ECB, BOE Rates 00:26:33 - Iran War Upends Aluminum Market 00:39:16 - Yen Soars After First Intervention in Two Years 00:47:57 - Stocks to Watch: Diageo, Novo Nordisk, NatWest 00:51:57 - Natwest Earnings Beat 01:08:47 - Apple iPhone Revenue 2Q 01:16:39 - Oil Holds Weekly Gain, Brent Crude Levels 01:33:18 - Marathon Asset Management CEO Bruce Richards 01:35:40 - Weekend Teaser: May Day, Met Gala -------- 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.din.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