Trump Signals No Letup of Naval Blockade, Tech Results on Deck | The Opening Trade 4/29/2026

Posted on 04/29/2026
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The US signaled it would stick with a naval blockade of Iranian ports, as it tries to choke-off Tehran’s oil exports and force it back to the negotiating table.

Stock traders are buying the dip in technology shares as markets get ready for earnings from four juggernauts in a crucial test of whether this month’s rally has room to run. Nasdaq 100 futures rebounded after the index slipped more than 1% in the previous session. Alphabet, Microsoft, Amazon.com and Meta Platforms are set to report after the close, with all four firms among the outsized drivers of a four-week rally that has pushed US stocks to record highs. The sector outperformed in Europe and Asia as well.

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.

Video edited at the 23:46 mark to remove an incorrectly worded question during the Santander interview.
This was verbally corrected later in the show.



Chapters:

00:00:00 - The Opening Trade

00:00:24 - Market Check

00:03:11 - UBS CEO Sergio Ermotti on 80% Profit Surge in Q1

00:08:29 - UBS Signals More Buybacks

00:12:34 - US Seeks to Squeez Iran on Hormuz

00:13:29 - Large-cap Tech Earnings

00:16:40 - Fed Poised to Hold Third Meeting

00:17:28 - King Charles on US

00:17:59 - Kone to Acquire TK Elevator

00:21:25 - Santander CFO José García Cantera on Webster Bank Acquisition

00:34:49 - UAE Exits OPEC After 60 Years

00:58:58 - GSK Profit Beats

01:00:42 - European Bank Earnings

01:04:56 - European Execs on Mideast Risks

01:17:29 - Former ECB President Trichet on Central Bank Rate Decisions

01:30:11 - Alphabet's AI Spending Plan

01:31:30 - Meta Eyes Strongest Revenue Growth Since 2021

01:33:45 - Fed Rate Decision

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