US and Iran Exchange Strikes, Trump Begins Rebuilding Tariff Wall | The Opening Trade 6/3/2026
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US stocks struggled to build on record gains as growing strains on the ceasefire between the US and Iran sent oil prices higher for a third straight day. The cautious mood follows flare-ups in the Middle East that are testing a fragile truce between Washington and Tehran, with US forces intercepting ballistic missiles and drones aimed at neighboring countries and striking an Iranian command center in response. The US is proposing new tariffs of at least 10% on imports from 60 trading partners in President Donald Trump’s biggest move to rebuild his protectionist wall since his earlier levies were struck down by the US Supreme Court. 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 Anna Edwards, Guy Johnson and Tom Mackenzie. Chapters: 00:00:00 - The Opening Trade - 6/3/2026 00:01:24 - Trump Rebuilds Tariff Wall 00:04:23 - Oil Gains Amid Fresh Strikes 00:06:39 - AI Enthusiasm 00:08:42 - Daybook 00:09:29 - BOJ Rate Decision Preview 00:13:18 - SpaceX IPO 00:20:51 - Need To Know 00:25:30 - UBS Chief US Economist Jonathan Pingle 00:36:01 - US and Iran Exchange Strikes 00:38:49 - Markets in 3 Minutes 00:42:29 - Stocks To Watch 00:47:52 - The Market Open 00:51:04 - JPMorgan Private Bank’s Nataliia Lipikhina 00:59:41 - Core 6 & Early Morning Movers 01:04:01 - Inditex shows Resilience 01:08:25 - US Proposes Levies of at Least 10% 01:14:51 - SpaceX IPO 01:17:56 - Xpeng Vice Chairman & President Brian Gu 01:28:46 - Yen Suddenly Strengthens Vs Dollar -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
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