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  • The Open Bell — Ep. 015 — 14 Jul 2026

    The Open Bell — Ep. 015 — 14 Jul 2026
    2026/07/14
    Today on The Open Bell: Trump has reimposed a naval blockade on the Strait of Hormuz, the narrow channel that carries a fifth of the world's seaborne oil, and slapped a 20% toll on everything that moves through it, and Brent crude, the global oil benchmark, jumped nearly 10% overnight to $83 a barrel, which means this isn't a market story, it's a petrol pump story. New Fed chair Kevin Warsh is testifying before Congress this morning for the very first time, and given that he's walking in the door on the same day as the inflation report and five major bank earnings releases, we're about to find out very quickly what he's actually made of. JPMorgan, Goldman, Bank of America, Wells Fargo, and Citigroup all dropped their second-quarter results before the opening bell this morning, investment banking revenues are up around 26% across the board, and the timing tells you everything: Wall Street is printing money at the exact moment the Fed is deciding whether borrowing stays expensive for everyone else. If today's episode is earning its place in your morning, a five-star rating takes about ten seconds and genuinely helps other people find the show. Hosted by Alex Monroe. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:20 Trump Reinstates Iran Blockade; Brent Crude Surges 9.6% to $ 03:17 Fed Chair Warsh Delivers Maiden Congressional Testimony on M 05:45 Five US Mega-Banks Report Q2 Earnings; Investment Banking Re 07:35 Closing thoughts
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    9 分
  • The Open Bell — Ep. 014 — 13 Jul 2026

    The Open Bell — Ep. 014 — 13 Jul 2026
    2026/07/13
    Today on The Open Bell: U.S. forces struck Iranian targets overnight and Brent crude is back above $79 a barrel, which means the Strait of Hormuz, the narrow channel that carries roughly a quarter of the world's oil, is doing what it always does when tensions flare: making everyone's petrol bill a geopolitical problem. A 300-page housing affordability bill just became U.S. law, and buried inside it is a provision that blocks any government-issued digital dollar until at least 2031, which is the kind of thing that gets five words in the press release and turns out to matter quite a lot. Australia's rate markets are quietly pricing in another hike from the Reserve Bank in August, and if you want to understand why that's worth watching beyond Sydney, consider that Australian households carry some of the heaviest mortgage debt in the world and petrol is already creeping back up. If this helped you make sense of today, a five-star rating takes about ten seconds and genuinely helps other people find the show. Hosted by Alex Monroe. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:15 New U.S. Iran Strikes Send Brent Crude Back Above $79 a Barr 03:03 U.S. Housing Affordability Act Becomes Law, Banning Fed Digi 05:52 Australia's Rate Market Prices Fresh Tightening as RBA Augus 07:58 Closing thoughts
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    9 分
  • The Open Bell — Ep. 013 — 11 Jul 2026

    The Open Bell — Ep. 013 — 11 Jul 2026
    2026/07/11
    Today on The Open Bell: Trump stood at a NATO summit in Ankara and declared the US-Iran ceasefire finished, and oil prices jumped more than five percent within hours, which tells you everything about how fragile the assumption of calm in that region actually was. A South Korean chipmaker called SK Hynix just raised $26.5 billion on the Nasdaq, the biggest US listing by a foreign company ever, and the stock climbed 13% on its first day, so the appetite for anything touching AI-era semiconductors is clearly nowhere near exhausted. Meta is up more than 22% in ten trading days after reports emerged that the company is building its own AI chip, and at some point you have to ask whether the market is pricing in a genuinely new Meta or just getting swept up in the moment. The US added only 57,000 jobs in June, less than half of what forecasters expected, and more than 700,000 people dropped out of the workforce entirely, which is the kind of number that should be making more headlines than it is. And the Federal Reserve's own internal minutes show a committee that's split, with some officials pushing to raise interest rates again even as the jobs market cools, so the idea that rates are on a clear path down is looking shakier by the week. If this show helped you cut through the noise today, a rating on Apple Podcasts or Spotify genuinely helps other people find it. Hosted by Alex Monroe. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:27 Trump Declares Iran Ceasefire 'Over' at NATO Summit 02:12 SK Hynix Raises $26.5B in Largest-Ever US Foreign IPO 04:01 Meta Surges 14%-Plus on the Week as AI Chip Plans Emerge 05:38 June Payrolls Miss Badly at 57K; Rate-Hike Bets Cool 07:13 FOMC Minutes Reveal Fed Split; Hawkish Wing Eyes Hike 08:46 Closing thoughts
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    11 分
  • The Open Bell — Ep. 012 — 10 Jul 2026

    The Open Bell — Ep. 012 — 10 Jul 2026
    2026/07/10
    Today on The Open Bell: SK Hynix just pulled off one of the biggest US stock market debuts in history, and the fact that investors threw seven times more money at it than was available tells you everything about how desperate Wall Street is to own a piece of the AI memory trade right now. The US government is now paying its highest borrowing cost in roughly twenty years on long-term debt, and that's not just a bond market footnote because those rates flow directly into your mortgage, your car loan, and every infrastructure project that needs financing. If this helped make sense of a big week, a five-star rating takes about ten seconds and helps the next listener find the show. Hosted by Alex Monroe. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:26 SK Hynix $28bn Nasdaq ADR priced 7x oversubscribed, debuts J 03:27 US 30-year Treasury auction clears at highest yield in nearl 06:13 Closing thoughts
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    7 分
  • The Open Bell — Ep. 011 — 9 Jul 2026

    The Open Bell — Ep. 011 — 9 Jul 2026
    2026/07/09
    Today on The Open Bell: Trump just torched the Iran ceasefire deal and the U.S. bombed over 80 Iranian targets overnight, and the immediate consequence is sitting right there on the petrol station forecourt: oil up more than 5% in a single day. The Federal Reserve's own internal minutes show that roughly half its members are open to raising interest rates again this year, and if you've got a variable-rate mortgage or any serious credit card balance, that sentence should stop you cold. The IMF cut its forecast for how fast the global economy will grow in 2026, and they did it before Trump even scrapped the ceasefire, which means the number they published is already out of date and almost certainly too optimistic. If today's episode was worth your commute, a five-star rating on Apple Podcasts or Spotify helps the next listener find it. Hosted by Alex Monroe. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:14 Trump kills Iran ceasefire; Brent crude surges 5.2% to $78 02:58 FOMC minutes flag rate-hike risk; 25–30% chance priced for J 05:34 IMF cuts 2026 global growth to 3.0% as Iran war shock bites 07:04 Closing thoughts
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    7 分
  • The Open Bell — Ep. 010 — 8 Jul 2026

    The Open Bell — Ep. 010 — 8 Jul 2026
    2026/07/08
    Today on The Open Bell: The US struck more than 80 Iranian targets and revoked Iran's oil export waivers on the same day, and if you think that's just a geopolitics story, check your petrol app in a fortnight. Samsung just posted the biggest profit in its history and its stock fell 10%, which tells you everything you need to know about how markets price expectations versus reality right now. Amazon borrowed $25 billion in a single afternoon to build AI data centres, and the fact that investors were lining up to lend it is as much the story as what Amazon plans to do with the money. If today's episode helped you cut through the noise, a quick five-star rating on Apple or Spotify helps someone else find the show. Hosted by Alex Monroe. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:13 US Strikes Iran, Revokes Oil Waiver; Brent Surges 5.7% to $7 02:39 Samsung Posts 1,810% Profit Surge; Seoul KOSPI Plunges 4.91% 05:18 Amazon Prices $25bn AI Bond Sale; 40-Year Debt at 125bps Ove 07:12 Closing thoughts
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    8 分
  • The Open Bell — Ep. 009 — 7 Jul 2026

    The Open Bell — Ep. 009 — 7 Jul 2026
    2026/07/07
    Today on The Open Bell: SpaceX joined the Nasdaq-100 this morning, which means the index funds sitting in millions of retirement accounts had no choice but to buy $4.3 billion worth of Elon Musk's rocket company, because that's just how passive investing works. OPEC+ has now hiked oil output three months in a row, WTI crude is below $68.65 a barrel, and if you're filling up this week you should actually notice the difference at the pump. Foxconn, the company that assembles most of the world's iPhones, just reported a 40% revenue jump, and almost none of it came from smartphones. If this helped you make sense of today, a five-star rating takes about ten seconds and helps a lot. Hosted by Alex Monroe. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:14 SpaceX enters Nasdaq-100 on July 7, forcing $4.3bn in passiv 03:05 OPEC+ adds 188,000 bpd from August, pushing WTI below $68.65 05:11 Foxconn Q2 revenue surges 39.8% on AI demand, flags geopolit 06:41 Closing thoughts
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    7 分
  • The Open Bell — Ep. 008 — 6 Jul 2026

    The Open Bell — Ep. 008 — 6 Jul 2026
    2026/07/06
    Today on The Open Bell: US markets reopen after the long weekend and Nasdaq futures are already up nearly a percent, but the real story is what's inside the index now, because SpaceX just got added to the Nasdaq-100 and if you hold one of those index funds in your pension or retirement account, you're a SpaceX investor as of this morning whether you chose to be or not. Oil has dropped close to 20% in two weeks as US-Iran talks quietly make progress, and that's not an abstraction, it's the price at the pump coming down after months of energy costs grinding people's budgets flat. South Korean chip stocks just shed roughly $290 billion in a single day, about the same size as Portugal's entire economy, and what's wild is that the companies involved are genuinely great businesses, the market just decided that even the best trade of the decade can overheat. If today helped you cut through the noise, a rating on Apple Podcasts or Spotify helps the next listener find the show. Hosted by Alex Monroe. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:20 US Stocks Reopen After Holiday; Nasdaq Futures Surge 0.92% 03:23 WTI Crude Holds Below $69 as Iran Deal Progress Damps Supply 05:31 South Korea Kospi Opens Weak as Chip Rout Extends Into New W 07:20 Closing thoughts
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    8 分