Citadel’s Griffin Says Expectation is a Trump Win, HSBC’s New $3B Buyback | The Opening Trade 10/29

From Bloomberg Markets and Finance.

Billionaire financier Ken Griffin expects the race to the White House will be close, but Donald Trump will ultimately win over Kamala Harris. HSBC announced a multibillion-dollar stock buyback as it reported better-than-estimated earnings after unveiling the biggest revamp in at least a decade earlier, that would see the merger of its global commercial and investment banking units. 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, Lizzy Burden and Kriti Gupta.

Chapters:
00:00:00 – Intro
00:01:24 – The Agenda: HSBC Buybacks, Bank Earnings, Novartis, Goldman’s David Solomon Concerned
00:14:04 – Santander CFO Cantera on Earnings, UK Results Delay After Car Finance Ruling
00:23:35 – Goldman’s Solomon ‘Concerned’ About Widening Mideast Conflict, Tensions Between Iran and Israel
00:27:23 – Bank of Kuwait’s Shaikha Al-Bahar on Kuwait Reforms, Saudi and Egypt Presence
00:38:18 – Stocks to Watch: HSBC, Novartis, Lufthansa
00:45:39 – European Market Open
00:50:57 – RBC Bluebay CIO Mark Dowding on Bracing for the Trump Trade
01:00:28 – Novartis CEO Vas Narasimhan Says We’re at Peak Obesity Drug Hype Cycle
01:08:56 – Santander Beats Profit Estimates Amid Signs of Interest Drop
01:11:43 – Former Portugal Minister Bruno Maçães on What’s at Stake for Europe in US Election
01:23:55 – Citadel’s Ken Griffin Expects Donald Trump to Win Close US Election Over Kamala Harris
01:28:02 – Lufthansa Share Fall After 3Q Earnings
01:31:06 – Adidas 3Q Results, , Yeezy Revenue
01:33:23 – Key Data Before Fed Decision
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