SoftBank, OpenAI, and Oracle are forming a $100 billion joint venture to fund artificial intelligence infrastructure, an effort unveiled with President Donald Trump aimed at speeding development of the emerging technology. Debt interest costs pushed up UK government borrowing more than predicted last month, putting Chancellor of the Exchequer Rachel Reeves on course to overshoot official forecasts this year. Despite a faltering economy and backlash against approving controversial projects aimed at boosting growth, Reeves claimed the UK’s public finances are “now in order,” said no promises can be made regarding cutting the tax burden, and is “absolutely” relaxed about wealth creation. 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 Guy Johnson and Kriti Gupta.
Chapters:
00:00:00 - The Opening Trade
00:01:57 - The Agenda: Trump AI, Tariffs, Davos
00:06:38 - Barclays CEO on Banking Deregulation Threat
00:13:06 - UK's Rachel Reeves at Davos
00:31:57 - Reeves: My Instinct is to Have Lower Taxes, Less Regulation
00:47:37 - China Stocks Down on Trump Tariff Talk
00:52:01 - European Market Open
01:01:42 - Adidas Shares Jump
01:07:30 - Standard Charted CEO on Supply Chains, Trump
01:13:04 - Netflix's Record Breaking Quarter
01:16:22 - Netlflix May Add More Sports
01:22:26 - Mizuho CEO on Japanese Yen Price Target, BOJ
01:28:11 - Spain's Pedro Sanchez on Trump, Banco Sabadell Deal, Real Estate
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