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  • The Open Bell — Ep. 013 — 11 Jul 2026

    The Open Bell — Ep. 013 — 11 Jul 2026
    Jul 11 2026
    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 Min.
  • The Open Bell — Ep. 012 — 10 Jul 2026

    The Open Bell — Ep. 012 — 10 Jul 2026
    Jul 10 2026
    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 Min.
  • The Open Bell — Ep. 011 — 9 Jul 2026

    The Open Bell — Ep. 011 — 9 Jul 2026
    Jul 9 2026
    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 Min.
  • The Open Bell — Ep. 010 — 8 Jul 2026

    The Open Bell — Ep. 010 — 8 Jul 2026
    Jul 8 2026
    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 Min.
  • The Open Bell — Ep. 009 — 7 Jul 2026

    The Open Bell — Ep. 009 — 7 Jul 2026
    Jul 7 2026
    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 Min.
  • The Open Bell — Ep. 008 — 6 Jul 2026

    The Open Bell — Ep. 008 — 6 Jul 2026
    Jul 6 2026
    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 Min.
  • The Open Bell — Ep. 007 — 4 Jul 2026

    The Open Bell — Ep. 007 — 4 Jul 2026
    Jul 4 2026
    Today on The Open Bell: Meta just announced it has so much AI computing power sitting around that it's going to start selling the surplus to other companies, and the knock-on effect was a full-blown wipeout across the semiconductor sector, because the entire bull case for AI chips was built on the idea that there'd never be enough of them. South Korea's stock market fell nearly 8% in a single session, triggered circuit breakers, and erased the equivalent of hundreds of billions of dollars, which tells you something uncomfortable: Seoul's market had become so concentrated in AI chip names that one Meta headline was enough to blow the whole thing up. The U.S. added just 57,000 jobs in June, less than half what economists expected, and then May and April got quietly revised down too, so the real picture is softer than even that headline number suggests. The Dow Jones Industrial Average, the old-economy index that serious people spent years dismissing as irrelevant, just hit a record high while the flashy tech-heavy indexes were getting demolished, which is either a genuine shift in what the market thinks wins from here, or the most elaborate head-fake of the year. Gold bounced $200 an ounce in a week, oil slipped below $70 as Iran talks quietly progressed, and the jobs miss has markets pricing in rate cuts again, so the mood heading into the long weekend is: maybe the Fed eases, maybe the economy slows, and somehow both of those things feel like good news right now. Hosted by Alex Monroe. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:18 Meta 'Meta Compute' Plan Triggers Global AI Chip Rout 02:07 KOSPI Triggers Circuit Breakers in 7.9% Single-Day Crash 03:47 June Jobs Miss: Only 57K Payrolls vs. 115K Expected 05:12 Dow Hits Record 52,900 as 'Great Rotation' Into Old Economy 06:31 Gold Rebounds to $4,200 as Oil Slips Below $70 on Iran Talks 07:51 Closing thoughts
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    9 Min.
  • The Open Bell — Ep. 006 — 3 Jul 2026

    The Open Bell — Ep. 006 — 3 Jul 2026
    Jul 3 2026
    Today on The Open Bell: The Strait of Hormuz is half-blocked, LNG infrastructure is damaged, and the IEA is using words like "greatest threat to global energy security in history," which means the price of getting to work, heating your home, and flying anywhere this summer isn't coming down anytime soon. The US added just 57,000 jobs in June, roughly half of what forecasters expected, and if you strip out the temporary World Cup spending bump, the underlying picture looks considerably worse than a headline unemployment rate of 4.2% would have you believe. America's new Fed chair just scrapped forward guidance, meaning the central bank, which sets the interest rates that determine what you pay on a mortgage or a car loan, has stopped telling markets what it plans to do next, and whether that reads as honest or alarming probably depends on how much debt you're carrying. Hosted by Alex Monroe. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:17 Middle East War Pushes Global Energy to Worst Supply Crisis 03:30 US June Payrolls Miss Badly: Only 57K Jobs, Half Forecast 05:56 US Fed Holds at 3.50%–3.75% as New Chair Warsh Drops Forward 07:39 Closing thoughts
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    8 Min.