Épisodes

  • The Open Bell — Ep. 079 — 9 Oct 2026

    The Open Bell — Ep. 079 — 9 Oct 2026
    Oct 9 2026
    Today on The Open Bell: Oil is back above $100 a barrel because ships passing through the Strait of Hormuz, the narrow channel that carries roughly a fifth of the world's crude, are under threat, and the knock-on is already showing up in grocery prices from Bangkok to Kuala Lumpur and in government budgets that were not built for $102 oil. Samsung just told its suppliers to cut shipments by up to 30% this quarter, because the same memory chip that's powering every AI model you've heard of is now too expensive to put inside a smartphone at a price anyone wants to pay. American Express has been fined $350 million for running an anti-money-laundering programme that regulators decided wasn't really doing the job, one of the largest penalties a US card network has ever faced, and every other major card company is quietly reviewing its own back office today. If today's episode helped you make sense of what's actually moving, a five-star rating takes thirty seconds and it genuinely helps the next listener find the show. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:16 Brent Above $102 as Hormuz Supply Anxiety Stiffens Global In 03:31 Samsung Cuts Q4 Smartphone Output 30% as Memory Prices Hit $ 05:58 American Express Fined $350M for Anti-Money-Laundering Failu 08:01 Closing thoughts

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    8 min
  • The Open Bell — Ep. 078 — 8 Oct 2026

    The Open Bell — Ep. 078 — 8 Oct 2026
    Oct 8 2026
    Today on The Open Bell: Brent crude just jumped more than three dollars in a single session to clear $103 a barrel, and if you've ever wondered how fast a flare-up in the Strait of Hormuz turns into a higher number at the petrol pump, today's your case study. Chinese stock markets reopened this morning after a week-long National Day holiday and walked straight into a wall of news their traders had been locked out of, including US government borrowing costs at levels nobody's seen since 2002, which makes their first session back less a trading day and more a damage assessment. The yield on the 10-year US Treasury, basically the interest rate the government pays when it borrows, hit 5.35% on Tuesday, a 24-year high, and what sounds like an abstract number in a headline is in practice a direct line to what you pay on a new mortgage. If today's episode helped you get your head around any of that, a five-star rating takes about ten seconds and genuinely helps other people find the show. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:16 Oil Surges Past $103 as Middle East Tensions Tighten Supply 02:55 China's A-Shares Reopen After 7-Day Golden Week Break to New 05:11 US 10-Year Treasury Yield Hits 24-Year High of 5.35% on Oct 07:11 Closing thoughts

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    8 min
  • The Open Bell — Ep. 077 — 7 Oct 2026

    The Open Bell — Ep. 077 — 7 Oct 2026
    Oct 7 2026
    Today on The Open Bell: The Fed raised rates again in September, but the minutes released today show a central bank quietly arguing with itself about whether it's gone too far, and the honest answer is that nobody on that committee seems entirely sure. France's debt costs are now blowing out at a pace that's bringing back some uncomfortable memories of 2011, the euro just hit a 17-month low, and the question the bond market is asking isn't whether France has a problem but whether Europe does. India's central bank just hiked rates for the first time since early 2023, erasing the cuts it spent all of last year making, and if you thought the global rate-cut cycle was firmly underway, today was a reminder that it's a lot more complicated than that. If this episode helped, a five-star rating takes ten seconds and helps the next listener find the show. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:14 Fed Minutes Reveal Split on Pace of Further Rate Hikes 03:17 Euro Hits 17-Month Low as French Debt Spread Surges Past 150 05:55 RBI Raises Repo Rate to 5.50% in First Hike Since Feb 2023 07:53 Closing thoughts

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    8 min
  • The Open Bell — Ep. 076 — 6 Oct 2026

    The Open Bell — Ep. 076 — 6 Oct 2026
    Oct 6 2026
    Today on The Open Bell: The U.S. economy added just 29,000 jobs in September, less than a third of what forecasters expected, and the market's response was to rally, which tells you everything about how strange this moment is: bad news for workers is now good news for investors, because a weakening labour market gives the Federal Reserve, America's central bank, less reason to keep borrowing costs high. Saudi Aramco just made oil significantly cheaper for Asian buyers and more expensive for European ones in the same pricing document, and that split decision is basically a map of where the tension in the Middle East is biting hardest right now. If today's episode helped, a five-star rating takes about ten seconds and helps someone else find the show tomorrow. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:13 US Sep Payrolls Crash to 29K, Triggering Global Rate-Cut Ral 03:19 Saudi Aramco Cuts Asia Oil Price to 6-Year Low, Raises Europ 06:09 Closing thoughts

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    7 min
  • The Open Bell — Ep. 075 — 5 Oct 2026

    The Open Bell — Ep. 075 — 5 Oct 2026
    Oct 5 2026
    Today on The Open Bell: The US economy added 29,000 jobs in September, a number so far below what anyone expected that it may have just quietly closed the book on the Federal Reserve's rate-hiking campaign, and if you have a mortgage, a loan, or anything priced off borrowing costs, that's the number that matters this week. OPEC+ held its oil output steady going into November, but the cartel's vote is almost beside the point when a single chokepoint in the Persian Gulf is doing more to keep Brent crude above a hundred dollars a barrel than anything the group actually decided. Brazil's presidential election went to a runoff after nobody cleared a majority on Sunday, and the result in three weeks won't just shake Brazilian markets: it could reprice currencies and government bonds across the entire developing world. If this helped you make sense of today, a five-star rating takes about ten seconds and helps the next listener find the show. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:09 US Payroll Shock Cuts Fed Hike Odds to 17%; Yields Retreat 03:14 OPEC+ Rolls Over November Quotas as Brent Holds Above $100 05:53 Brazil Election First Round Sends BRL Swinging; Runoff Set 07:52 Closing thoughts

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    9 min
  • The Open Bell — Ep. 074 — 2 Oct 2026

    The Open Bell — Ep. 074 — 2 Oct 2026
    Oct 2 2026
    Today on The Open Bell: The US now has three aircraft carriers in the Persian Gulf for the first time since 2012, and oil just crossed $102 a barrel, which means this weekend's petrol price is already being written by people in military planning rooms, not market trading floors. The 10-year Treasury yield, the benchmark that prices US government debt and your mortgage in the same breath, touched 5.30% this week, a level the country hasn't seen since 2002, and the bond market just posted its worst quarter in decades without most people noticing. The IMF cut its global growth forecast to 3.0% for 2026 and titled the report "Global Economy in Crosscurrents of War and Technology," which sounds like a thriller but is actually just a polite way of saying the world is splitting into countries getting richer off oil and countries getting poorer buying it. If today's episode helped you connect the dots, a five-star rating takes about ten seconds and helps the next person find the show. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:15 Brent Surges Past $102 as US Deploys Third Carrier to Middle 02:49 US 10-Year Treasury Yield Hits 5.30% — Highest Level Since 2 05:03 IMF Cuts 2026 Global Growth to 3.0% as War Weighs on Energy 06:48 Closing thoughts

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    7 min
  • The Open Bell — Ep. 073 — 1 Oct 2026

    The Open Bell — Ep. 073 — 1 Oct 2026
    Oct 1 2026
    Today on The Open Bell: The Fed's favorite inflation gauge, PCE, came in cooler than Wall Street expected for August, and the odds of another rate hike this month just collapsed, but mortgage rates are still sitting at 7.58% so the relief isn't exactly landing on anyone's doorstep yet. Micron Technology just posted the kind of quarter that makes you reconsider everything you thought you knew about a chip company's ceiling: $54 billion in a single quarter, nearly four times where it was a year ago, because AI needs memory and Micron is essentially the only American company equipped to supply it at scale. Japan's 10-year government bond yield, basically the price the Japanese government pays to borrow for a decade, just hit 3.10%, its highest level in roughly thirty years, and when the world's biggest creditor starts offering real returns at home, global money moves toward it and away from everywhere else. If today's episode saved you a trip down a financial rabbit hole, a five-star rating on Apple Podcasts or Spotify helps the next listener find us. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:10 US PCE Inflation Cools to 3.4%, Slashing Fed Hike Odds for O 03:05 Micron Posts Record $54.2bn Quarter, Guided by AI Memory Sur 05:38 Japan 10-Year Yield Rises to 3.10%, Highest in Decades on Ha 07:38 Closing thoughts

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    9 min
  • The Open Bell — Ep. 072 — 30 Sept 2026

    The Open Bell — Ep. 072 — 30 Sept 2026
    Sep 30 2026
    Today on The Open Bell: The 30-year Treasury yield, which is what the US government pays to borrow money for three decades and the invisible hand behind your mortgage rate, just hit 5.62 percent, a level this country hasn't seen since 2002, and the people setting prices on those bonds are saying something loud and clear about where they think inflation is actually headed. The Trump administration just cracked open 40 million barrels from the Strategic Petroleum Reserve, the country's emergency oil stockpile, to try to hold pump prices down while the US-Iran standoff keeps rattling Middle East supply routes, but two days' worth of American consumption only buys so much time, and the reserve isn't bottomless. Consumer confidence just collapsed to its lowest reading since 2014, with the forward-looking piece of the index falling to a level economists associate with outright recession expectations, and the fact that markets shrugged tells you something uncomfortable about whose anxiety actually moves prices. If this helped you make sense of a genuinely strange day in the economy, a five-star rating takes about ten seconds and helps the next listener find the show. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:12 US 30-yr Treasury yield hits 24-yr high as inflation fears g 03:00 Trump taps SPR for 40 mn barrels; Brent crude tumbles toward 05:10 Closing thoughts

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    7 min