OpenAI-Linked Stocks Slump, Oil Tops $110 Again | The Opening Trade 4/28/2026

Posted on 04/28/2026
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Shares in OpenAI partners such as SoftBank and Oracle are falling after the Wall Street Journal reported that the AI startup recently failed to meet targets for sales and new users, reviving worries about spending ahead of tech earnings.

Brent advanced for a seventh day to $111 a barrel. The White House said President Donald Trump will address a proposal from Iran to reopen Hormuz “very soon”. The dollar rose 0.2%. The yen, meanwhile, reversed gains after Bank of Japan Governor Kazuo Ueda refrained from giving a decisive signal on when interest rates may rise.

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

00:00:22 - Market Check

00:01:34 - Stocks Higher, Oil Price Climbs

00:05:23 - BP Earnings

00:06:10 - Barclays Earnings

00:07:20 - Yen Gains

00:09:18 - CATL Raises $5 Billion

00:09:42 - Ray-Ban Heir Wins Approval for $10B Buyout

00:11:48 - US Being 'Humiliated' in Iran Talks: Friedrich Merz

00:25:57 - BOJ Governor Ueda Speaks

00:32:22 - Assume Dubai Crude Oil Will Fall to $70 Per Barrel: Ueda

00:38:16 - Baltimore Mayor on Cost of Living Pressure

00:44:51 - Will Continue to Hike Rates Based on Economic Situation: BOJ

00:46:39 - Stocks to Watch: Barclays, BP, Novartis

01:07:29 - BP Profits Jumps

01:09:27 - OpenAI Misses Sales Targets As Rivals Gain

01:15:21 - Elon Musk, Sam Altman Head to Trail Over OpenAi

01:15:44 - Barclays Stock

01:25:27 - US Maintains 'Red Lines' on Any Iran Deal

01:28:12 - Norges Bank Investment Management Conference

01:31:29 - BOE Rate Decision This Week

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