Trump Doubles Down on Fed Changes, Burnham Risks Starmer Mistakes | The Opening Trade 7/2/2026

President Donald Trump and his allies are renewing a push to reshape the Federal Reserve after the Supreme Court this week blocked an effort to fire Governor Lisa Cook. Top officials and outside allies are actively exploring ways to remove members of the Fed’s Board of Governors in Washington to clear the way for more of the president’s own picks, according to people familiar with the matter. Cook remains a target after the high court allowed her to stay in her job for now, as does former Chair Jerome Powell, said the people, who spoke on the condition of anonymity. Some in the Labour Party are worried Andy Burnham risks repeating the mistake of not being sufficiently prepared for government, as he delays key personnel decisions. Burnham won't announce key appointments until after the selection process for the Labour Party's new leader formally concludes, which could give new ministers a slim window to prepare. 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 Tom Mackenzie. Chapters: 00:00:00 - The Opening Trade 00:00:42 - Market Check 00:02:30 - Stocks Rebound 00:06:04 - Trump Push to Reshape the Fed 00:07:39 - Andy Burnham Eyes Warehouse Tax 00:14:23 - EuroNext Chairman & CEO Stephane Boujnah 00:17:43 - Mega IPOs in US are One-Time Events: Euronext CEO 00:25:21 - Bond Market Check 00:36:27 - French FinMin Roland Lescure on French Budget 00:43:09 - Jobs Data Eases Fed Concerns 00:47:45 - Stocks to Watch: UK Warehouse Stocks, Renk, Rheinmetall 01:03:52 - Spain June Services PMI Rises 01:07:19 - Private Credit Keeps $14 Billion Trapped 01:17:35 - SPX, Nasdaq See Best Quarter Since 2020 01:29:36 - Stoxx 600 Headed for Best Week Since May 01:32:22 - Pubs to Stay Open for England World Cup Match: Starmer 01:35:39 - Weekend: Taylor Swift Wedding, World Cup, Tour de France -------- 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:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts