Global Chip Stock Slump Overshadows Oil Drop | The Opening Trade 7/28/2026

The chip sector losses point to deepening concerns over crowded equity positioning and rising corporate debt levels as the AI buildout progresses. A report from The Information that a Chinese state-backed company has begun mass-producing immersion deep-ultraviolet lithography machines has been another cause of concern. Brent fell 2% to $86.50 a barrel in a third straight day of losses. President Donald Trump said that the US and Iran were engaged in talks to try to end the Middle East conflict, with the two sides continuing to hold off on attacks. Treasuries gained for a second day as inflation fears eased. 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 Guy Johnson. Chapters: 00:00:00 - The Opening Trade 00:00:25 - Market Check 00:01:57 - Chip Selloff 00:05:26 - Man Group Earnings Records 00:07:21 - Man Group CEO Antoine Forterre 00:16:49 - Barclays CEO CS Venkatakrishnan 00:25:07 - Bond Market Check 00:29:42 - ASML Stock Falls 00:35:09 - US Holds Off Iran Strikes 00:40:03 - Nvidia Deal Ignites Circular AI Fears 00:47:04 - Stocks to Watch: Philips, Barclays, Mercedes 00:52:48 - LVMH Stock 00:57:10 - Unilever Stock Gains Most in Two Years 01:04:57 - Barclays Stock 01:22:27 - Altana Wealth CIO Founder Lee Robinson 01:27:04 - Philips CEO Roy Jakobs 01:33:52 - Chip Rout Deepens on China Competition -------- 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