Conflict Widens in Middle East, Bonds Send Warsh Credibility Warning | The Opening Trade 7/30/2026

The US launched a fresh wave of strikes on Iran in response to an attack on American forces in Jordan, escalating a conflict that’s now spreading across the Middle East.

After the Fed kept interest rates unchanged for a seventh consecutive month, investors dumped 30-year Treasury bonds, sending the yield shooting up as much as 14 basis points to nearly 5.23%, a 19-year high. Market measures of inflation expectations rose, the dollar slid, and even stocks tumbled as investors wagered Warsh was only delaying an inevitable rate hike.

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
00:02:07 – US Treasuries Post-Fed Decision
00:03:42 – Tech Stocks Mixed Results
00:05:48 – US-Iran War Flares Up Again
00:07:23 – LSEG Stock
00:09:22 – LSEG CEO David Schwimmer
00:17:33 – Shell CEO Wael Sawan
00:25:35 – There is No Soft Inflation Target: Kevin Warsh
00:39:17 – Haleon CEO Brian McNamara
00:47:43 – Stock to Watch: Shell, Adidas, Banks
01:10:17 – Adidas Profit Hit by World Cup
01:15:09 – Two LNG Tankers Struck at Egyptian Port
01:17:23 – Lloyds Banking Group CEO Charlie Nunn
01:29:30 – Microsoft’s 4Q Results
01:31:44 – Apple Set for 16% Sales Growth
01:33:50 – BOE Desicion
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