Fed Served with Grand Jury Subpoenas, Heineken CEO Steps Down | The Opening Trade 1/12/2026
Fed Chair Jerome Powell said the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment, a dramatic escalation of the Trump administration’s...
By Bloomberg Markets · Bloomberg Markets
Fed Chair Jerome Powell said the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment, a dramatic escalation of the Trump administration’s attacks on the institution. Gold and Silver rallied to record highs helping drive mining stocks higher. Heineken shares fall after the company said that CEO and Chairman Dolf van den Brink has decided to step down on May 31. Defense stocks open higher with rising tensions around Iran and Greenland. 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. (Source: Bloomberg)