Moody’s Downgrades US but Cathie Wood Is Still Bullish on American Tech | The Opening Trade 05/19

Markets react to Moody's decision to join Fitch and S&P in downgrading US credit from its top triple-A position. The dollar weakens and long-end yields climb on the murkier outlook. Meanwhile, tariffs and trade wars continue too weigh on some European corporates, with Diageo shares dipping at the open. But, Ryanair shares climb after CEO Michael O'Leary signalled a strong summer for travel. Meanwhile Ark Innovation founder Cathie Wood maintains her optimism over the US tech sector, which she is heavily invested in. 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 Kriti Gupta. Chapters: 00:00:00 - The Opening Trade 00:02:04 - The Agenda 00:14:15 - Bessent: Biden-era spending led to downgrade 00:14:57 - 30-year Treasury yield hit 5% 00:16:18 - Jordan Rochester, Mizuho EMEA 00:24:51 - UK-EU Summit on post-Brexit ties 00:26:40 - Anand Menon, The UK In A Changing Europe 00:36:30 - Market minutes: US assets under pressure after Moody's downgrade 00:41:34 - Stocks to watch 00:47:39 - Monday European open 00:51:00 - Emmanuel Cau, Barclays 01:01:43 - Early European movers 01:07:06 - Ryanair EUR750M buyback 01:12:56 - Cathie Wood, Ark Invest Founder, CEO & CIO 01:30:06 - Trump says he'll call Putin to end 'bloodbath' 01:32:50 - UK-EU Summit on post-Brexit ties -------- 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