Biden Welcomes US Prisoners Freed in Russia Swap, Intel Shares Plunge | The Opening Trade 08/02

Soft US data sparks a global stock sell-off, with European and US futures pointing lower. Treasuries gain for a 7th straight day ahead of today's jobs report. Intel Corp. is headed toward its biggest share decline in 24 years after giving a grim growth forecast and laying out plans to slash 15,000 jobs, signaling that the chipmaker is ill-equipped to compete in the artificial intelligence era. Amazon tumbles on its plan to increase AI spending. We also bring you details along with the latest from Apple. The Opening Trade has everything you need to know as markets open across Europe. President Biden vows to provide Israel with more military support - as the country faces new threats of retaliation after the killing of top Hamas and Hezbollah leaders. 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:
00:11:11 - Andrew Bailey On Why The BOE Cut Rates
00:23:33 - Phoenix Group CEO Andrew Briggs Phoenix, Schroders Plan for UK Pensioners
00:35:18 - Stocks to Watch: IAG
00:45:36 - European Market Open
01:06:02 - BNP to Buy AXA Investment Managers
01:11:39 - Russia-US prisoner swap: Biden hails relief of returning Evan Gershkovich
01:22:44 - Middle East Tensions Rise: Bidens Presses Netanyahu on Truce
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