Europe’s Key Rivers Are Drying Up; Mixed Messages on US, Iran Talks | The Opening Trade 8/3/2026

President Donald Trump said fresh US-Iran talks would begin Monday, boosting optimism the two sides will reach a deal to reopen the Strait of Hormuz. While Iran Foreign Ministry Spokesman Esmail Baghaei said “We are not currently negotiating with the United States, and the negotiations with Oman are focused on reaching an agreement regarding the safe passage of ships through the Strait of Hormuz,”

Europe’s biggest rivers are drying up after the region was seared by a series of heat waves. Soaring temperatures are also curbing power generation from France to Hungary, pushing up energy prices and straining Eastern European economies.

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 Lizzy Burden.

Chapters:
00:00:00 – The Opening Trade
00:02:13 – Trump Says Iran Talks to Begin
00:05:29 – Japanese Yen Rises
00:06:17 – Astrazeneca, Bristol Myers Merger Speculation
00:09:38 – Palantir US Commercial Sales
00:12:01 – Brent Crude, Oil Prices
00:21:49 – Monte Paschi, Banco BPM Latest
00:22:19 – Greece Wildfire Near Athens
00:23:06 – Rhine River Levels Lower
00:24:41 – Fed’s Warsh on Meeting Frequency
00:29:55 – Burnham Moves for UK Devolution Plan
00:33:45 – Trump on Yen Intervention
00:38:18 – Yen Needs More Intervention: MLIV
00:47:07 – Stocks to Watch: AstraZeneca, Italian Banks, Energy
01:05:08 – AstraZeneca, Bristol Myers
01:10:14 – We Currently Have No Negotiations: Iran
01:15:49 – Trump Holds Off Iran Attack
01:28:25 – NHS to Revise Palantir Data Platform
01:33:35 – Energy Prices Strain European Economies
——–
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: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts