Kevin Warsh to Speak at Sintra, Trump’s $1.4B in Crypto Earnings | The Opening Trade 7/1/2026
Today’s main event takes place in Sintra, Portugal, where the ECB hosts the final day of its annual symposium. The Fed’s new chief Kevin Warsh makes his first public appearance outside of the US alongside the ECB’s Lagarde and BOE’s Bailey. Markets are looking for any clues about the trajectory of rates.
President Donald Trump reported earning at least $1.4 billion in 2025 from crypto and memecoin-related businesses, according to his latest annual financial disclosure.
Trump reported making more than $594 million from sales by World Liberty Financial, the crypto firm whose co-founders include Trump, his sons, and Steven Witkoff, a top diplomat in his administration. Zach Witkoff, the special envoy’s son, serves as chief executive officer.
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 Tom Mackenzie.
Chapters:
00:00:00 – The Opening Trade
00:00:45 – Market Check
00:01:48 – Kevin Warsh in Sintra
00:05:08 – Yen Higher from 4 Decade Low
00:06:43 – Anthropic Fable 5 Export Restrictions Lifted
00:11:11 – ECB Policymakers on Inflation
00:21:50 – Trump Reports $1.4 Billion in Crypto Earnings
00:22:09 – Schneider Electric to Buy AI Firm Cognite
00:22:50 – Nike Stock Falls
00:25:06 – Bond Market
00:35:26 – US Says Witkoff, Kushner Had Positive Talks in Doha
00:39:39 – Bullish July Is Just a Matter of Timing: MLIV
00:47:25 – Stocks to Watch: Sportswear, AB Foods, Schneider Electric
01:05:44 – Anthropic Fable 5 Restoration
01:17:34 – European Steel Association Director General Axel Eggert
01:26:42 – McKinsey’s Olanrewaju on Europe Business Outlook, AI
01:33:15 – US Jobs Report This Week
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