Trump Says Hormuz Talks ‘Moving Along’ Even as Iran Mulls US Ban | The Opening Trade 8/7/2026

Watch on YouTube ↗  |  August 07, 2026 at 09:51  |  1:35:11  |  Bloomberg Markets
Speakers
James Turner — Head of Global Fixed Income, BlackRock
Fahad — Chief Investment Officer, Coutts
Lizzy Burden — Crypto Reporter, Bloomberg News
Armand Carpenter — CEO, Rheinmetall

Summary

The episode covers a risk-on pulse in global markets despite elevated oil prices and geopolitical tensions in the Strait of Hormuz. Interviews highlight bullish calls on emerging market equities, defence stocks, and short-term bonds, while a Rheinmetall CEO defends the company's growth trajectory. Anchors also flag positive signals for the tech sector from strong debt demand.

  • Oil prices rise as Iran seeks to bar US and Israeli ships from the Strait of Hormuz, conflicting with Trump's positive talk.
  • Bond yields edge higher on inflation concerns ahead of the US July jobs report.
  • Coutts CIO stays overweight risk, citing supportive macro and AI multiplier; also bullish on defence stocks.
  • BlackRock strategist favours short-term government bonds due to volatility and geopolitical risk.
  • A nameless asset allocator is overweight emerging markets, highlighting Korea and China catch-up potential.
  • Rheinmetall CEO plays down the profit impact of a lost naval contract, maintaining 30%+ annual growth outlook.
  • Alphabet's massive AI-related bond offering draws strong demand, seen as a positive for tech equities.
  • M&A wave in London includes Apollo's acquisition of easyJet, fuelled by undervalued UK companies.
Ideas
Lizzy Burden Crypto Reporter, Bloomberg News 7:36
Tech demand strong; positive for sector.
Strong demand for Alphabet's investment-grade bond offering and steady demand for SpaceX shares after mockup expiry signal positive sentiment for the technology sector.
XLK LOW
19:24
EM equities offer catch-up potential.
Emerging market equities are attractive: South Korean market is a strong driver, China has catch-up potential, and Chinese equities tend to be more resilient when US real yields rise. The EM equity rally is expected to broaden.
EEM MED
James Turner Head of Global Fixed Income, BlackRock 28:35
Short-term bonds attractive amid duration risk.
Short-term government bonds offer attractive yields while geopolitical risk and uncertainty at the long end make long-duration bonds risky. Prefer cautious positioning at the short end of the curve.
SHY MED
Fahad Chief Investment Officer, Coutts 50:16
Overweight risk assets; macro and AI strong.
Overweight risk assets because the macro picture is supportive, labour market data remains solid, and AI investment is a strong multiplier for earnings. This positive backdrop continues for the foreseeable future.
SPY MED
Fahad Chief Investment Officer, Coutts 57:15
Defence sector benefits from rising defense spending.
A paradigm shift under the new US administration is massively earnings-positive for defence. Global defence spending will rise as the liberal rules-based order disintegrates, benefiting the entire sector.
ITA MED
Armand Carpenter CEO, Rheinmetall 65:06
Rheinmetall growth remains over 30%.
Despite losing a $10 billion naval contract, Rheinmetall's growth remains on track at over 30% per year. The financial impact is very small relative to total EBITDA, and the company can compensate through other contracts.
Rheinmetall MED
Up Next
2:37
Iran Weighs US, Israeli Ships Ban in Strait of Hormuz
Bloomberg Markets · Aug 07
1:19:27
Rollerco-KOSPI' Survival Guide | Chesley Investment Advisory Executive Director Park Se-ik [Womae Shinbak / 26.08.07.Fri]
Chesley Investment Advisory (체슬리투자자문) · Aug 07
38:30
Tension Rises in the FX Market…Key Variables to Determine the Won's Direction | Hong Seonae, Byeon Jeonggyu, Daiwa Securities Korea FICC Head [Yeouido Insight]
3PRO TV (삼프로TV) · Aug 07
23:13
KOSPI, Is It Entering a Time Correction More Frightening Than a Plunge? "Sell If This (?) Happens" / Don't Be Fooled by "Long-Term Investment." | Baekmankemi Han Segoo Dangju
815 Money Talk (815머니톡) · Aug 07
39:22
Semiconductors Shaking Again, KOSPI Box Range Breakout Signal | Hong Seonae, Park Seungyeong Hanwha Investment & Securities PLUS Asset Strategy Team Leaders [Yeouido Insight]
3PRO TV (삼프로TV) · Aug 07

This Bloomberg Markets video, published August 07, 2026, features Lizzy Burden, James Turner, Fahad, Armand Carpenter discussing XLK, EEM, SHY, SPY, ITA, Rheinmetall. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Lizzy Burden, James Turner, Fahad, Armand Carpenter  · Tickers: XLK, EEM, SHY, SPY, ITA, Rheinmetall