Standard Chartered Chief Executive Officer Bill Winters delivered a blunt message on the future of the bank’s workforce, warning that a push into artificial intelligence will eliminate thousands of roles as the lender replaces “lower-value human capital” with technology.
US stock futures held steady after a two-day pullback while oil fell modestly as traders awaited signs of progress toward a peace deal in the Middle East.
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
00:00:46 – Market Check
00:02:37 – Oil, Stocks Fall
00:04:55 – Memory Stocks Drag Tech Sector Down
00:06:10 – UK Unemployment Rises
00:09:22 – AI to Replace ‘Lower-Value Human Capital’: StanChart CEO
00:10:08 – Musk Loses Case Against Sam Altman
00:11:23 – SpaceX IPO Looms
00:14:36 – Trump Says He Called Off Iran Strikes
00:25:56 – OECD Secretary General Mathias Cormann
00:36:04 – Japan’s Economy Beats Forecasts
00:47:43 – Stocks to Watch: StanChart, Delivery Hero, Currys
01:02:35 – Asia Tech Stocks
01:05:41 – Seagate Stock Slips
01:13:38 – Xi Told Trump That Putin Might Regret Ukraine Invasion
01:17:19 – EU Races to Finalize US Trade Deal
01:22:55 – EDP CEO on AI Data Centers, Iran War
01:28:21 – Oil, Brent Crude Declines
01:33:43 – Rising Global Yields
——–
More on Bloomberg Television and Markets
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