Trump Names Musk, Ramaswamy for Government Efficiency Effort | The Opening Trade 11/13

From Bloomberg Markets and Finance.

Global stocks edged lower Wednesday as investors awaited key US inflation data amid concerns that President-elect Donald Trump’s proposed ‘America-First’ policies will reignite price growth. Billionaire Elon Musk and entrepreneur Vivek Ramaswamy will lead a new Department of Government Efficiency tasked to “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” Trump announced Tuesday. 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 – Intro
00:01:21 – Agenda: Trump’s Picks, Inflation Worries. Germany’s Snap Election
00:02:12 – Elon Musk and Vivek Ramaswamy Nominated to Trump Cabinet
00:04:48 – Olaf Scholz’s Bundestag Speech
00:09:40 – ABN Amro CFO on Earnings, Outlook
00:14:50 – Deutsch Bank’s Henry Allen on Rising US Inflation, Tariff Concerns
00:24:01 – German Opposition Leader Friedrich Merz Leads in Polls
00:33:42 – Spanish Watchdog Opens In-Depth Probe For BBVA’S Sabadell Bid
00:41:03 – Former NATO Secretary General Jens Stoltenberg on Trump, Ukraine War Solution
00:46:01 – European Market Open
01:03:54 – Siemens Energy Boosts Mid-Term Targets
01:10:41 – Klarna Confidentially Submits Plans for IPO
01:12:09 – Jefferies’ Laura Coady on Skyrocketing CLO Issuance
01:25:11 – Snap German Election on Febraury 23
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