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President Trump defends his tariffs and dismisses the market meltdown. Rattled investors now await US Payrolls data with the Federal Reserve Chair Jerome Powell due to speak today. US stock futures tumbled as much as 4.1% early Friday after China retaliated against new US tariffs with levies on all American imports, exacerbating a rout that sent American equities to the worst day since 2020 on Thursday. Contracts on the S&P 500 Index plunged as China imposed a 34% tariff on all American imports starting April 10. All of the Magnificent Seven stocks including Nvidia, Tesla, and Apple fell premarket. 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 Guy Johnson and Lizzy Burden. Chapters: 00:00:00 - Opening Trade 00:01:57 - Trump Tariffs: Trump Seeks 'Phenomenal' Deals 00:02:46 - S&P 500 Lose More Than $2.5 Trillion 00:05:16 - Canada PM: Old Relationship with US Over 00:09:11 - Canada Foreign Minister: Tariffs Will Hurt Americans 00:20:26 - South Korea Court Ousts President Yoon 00:20:58 - Republicans Weight Millionaire Take Rate 00:24:56 - S&P 500 Worst Day in 5 Years 00:27:41 - Dollars Gains Wiped Out 00:39:20 - Fed Chair Powell Speech Today 00:41:00 - Traders Bet Rate Cuts of 100 BPS 00:45:36 - European Stocks Lower Again 01:02:40 - OPEC Announces Oil Production Hikes 01:12:06 - Stoxx 600 Worst Weeks Since 2022 01:28:21 - Tiktok Bid from Amazon 01:29:00 - Tiktok Deal Deadline, EU Fine 01:34:20 - Manchester Derby Preview -------- 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: / bloombergtv Facebook: / bloombergtelevision Instagram: / bloombergtv Connect with Bloomberg Business on: X: / business Facebook: / bloombergbusiness Instagram: / bloombergbusiness TikTok: https://www.tiktok.com/@bloombergbusi... Reddit: / bloomberg LinkedIn: / bloomberg-news More from Bloomberg: Bloomberg Radio: / bloombergradio Bloomberg Surveillance: / bsurveillance Bloomberg Politics: / bpolitics Bloomberg Originals: / bbgoriginals Watch more on YouTube: Bloomberg Technology: / @bloombergtechnology Bloomberg Originals: / @business Bloomberg Quicktake: / @bloombergquicktake Bloomberg Espanol: / @bloomberg_espanol Bloomberg Podcasts: / @bloombergpodcasts