Meta Plans a Cloud Business, US Jobs Day | The Opening Trade 7/2/2026

The frequent swings in the market’s biggest drivers come as traders react to any sign that a near-parabolic rally in chipmakers, the biggest beneficiaries of the vast outlays on AI infrastructure, has run too far. In the latest instance, Meta’s plan to sell computing power raised questions about a glut of capacity. Traders will also focus on the US jobs report at the end of a holiday-shortened week. The data will offer fresh clues on the path for interest rates after comments Wednesday by Federal Reserve Chair Kevin Warsh dampened speculation of a hike this year. 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 00:01:02 - Market Check 00:02:29 - Chip Selloff 00:05:12 - Oil Extends Drop 00:07:33 - Traders Weigh Fed Rate Path 00:10:44 - Japan Bonds 00:12:32 - Korea's Kospi Falls 00:22:25 - Merz's Reform Package 00:23:19 - KNDS Postpones IPO 00:27:15 - Kevin Warsh Says Inflation Risks are Down 00:38:35 - This NFP Print Will Decide the July Fed: MLIV 00:47:26 - Stocks to Watch: Defense, Bayer, Sodexo 00:52:36 - European Tech Stocks Slide 01:02:09 - German Coalition Agrees on Tax Relief 01:12:36 - OpenAI Propose to Give US Gov. 5% Stake 01:25:29 - Quantum Systems Co-CEO 01:32:47 - US Jobs Report Due -------- 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